vs
TRINET GROUP, INC.（TNET）与Vulcan Materials Company（VMC）财务数据对比。点击上方公司名可切换其他公司
Vulcan Materials Company的季度营收约是TRINET GROUP, INC.的1.4倍（$1.8B vs $1.2B），Vulcan Materials Company同比增速更快（7.4% vs -2.2%），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -6.6%）
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
TNET vs VMC — 直观对比
营收规模更大
VMC
是对方的1.4倍
$1.2B
营收增速更快
VMC
高出9.6%
-2.2%
两年增速更快
TNET
近两年复合增速
-6.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.8B |
| 净利润 | — | $165.0M |
| 毛利率 | — | 24.1% |
| 营业利润率 | 0.1% | 15.1% |
| 净利率 | — | 9.4% |
| 营收同比 | -2.2% | 7.4% |
| 净利润同比 | — | 27.9% |
| 每股收益（稀释后） | $0.02 | $1.35 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收TNETVMC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.3B | $1.9B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.2B | $2.0B |
净利润TNETVMC
| Q1 26 | — | $165.0M | ||
| Q4 25 | — | $252.0M | ||
| Q3 25 | $34.0M | $374.9M | ||
| Q2 25 | $37.0M | $320.9M | ||
| Q1 25 | $85.0M | $128.9M | ||
| Q4 24 | — | $293.6M | ||
| Q3 24 | $45.0M | $207.6M | ||
| Q2 24 | $60.0M | $308.0M |
毛利率TNETVMC
| Q1 26 | — | 24.1% | ||
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 29.7% | ||
| Q1 25 | — | 22.3% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 28.2% | ||
| Q2 24 | — | 29.4% |
营业利润率TNETVMC
| Q1 26 | — | 15.1% | ||
| Q4 25 | 0.1% | 19.8% | ||
| Q3 25 | 4.1% | 23.7% | ||
| Q2 25 | 4.1% | 22.4% | ||
| Q1 25 | 8.9% | 13.9% | ||
| Q4 24 | -2.9% | 21.6% | ||
| Q3 24 | 4.7% | 16.8% | ||
| Q2 24 | 6.5% | 22.5% |
净利率TNETVMC
| Q1 26 | — | 9.4% | ||
| Q4 25 | — | 13.2% | ||
| Q3 25 | 2.8% | 16.4% | ||
| Q2 25 | 3.0% | 15.3% | ||
| Q1 25 | 6.6% | 7.9% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | 3.6% | 10.4% | ||
| Q2 24 | 4.9% | 15.3% |
每股收益（稀释后）TNETVMC
| Q1 26 | — | $1.35 | ||
| Q4 25 | $0.02 | $1.90 | ||
| Q3 25 | $0.70 | $2.82 | ||
| Q2 25 | $0.77 | $2.42 | ||
| Q1 25 | $1.71 | $0.97 | ||
| Q4 24 | $-0.44 | $2.21 | ||
| Q3 24 | $0.89 | $1.56 | ||
| Q2 24 | $1.20 | $2.31 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $287.0M | $140.2M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $54.0M | $8.5B |
| 总资产 | $3.8B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资TNETVMC
| Q1 26 | — | $140.2M | ||
| Q4 25 | $287.0M | $183.3M | ||
| Q3 25 | $321.0M | $191.3M | ||
| Q2 25 | $407.0M | $347.4M | ||
| Q1 25 | $349.0M | $181.3M | ||
| Q4 24 | $360.0M | $559.7M | ||
| Q3 24 | $301.0M | $433.2M | ||
| Q2 24 | $249.0M | $111.0M |
总债务TNETVMC
| Q1 26 | — | $4.4B | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B |
股东权益TNETVMC
| Q1 26 | — | $8.5B | ||
| Q4 25 | $54.0M | $8.5B | ||
| Q3 25 | $110.0M | $8.7B | ||
| Q2 25 | $107.0M | $8.4B | ||
| Q1 25 | $63.0M | $8.1B | ||
| Q4 24 | $69.0M | $8.1B | ||
| Q3 24 | $129.0M | $7.9B | ||
| Q2 24 | $100.0M | $7.7B |
总资产TNETVMC
| Q1 26 | — | $16.7B | ||
| Q4 25 | $3.8B | $16.7B | ||
| Q3 25 | $3.4B | $17.0B | ||
| Q2 25 | $3.7B | $17.0B | ||
| Q1 25 | $3.8B | $16.7B | ||
| Q4 24 | $4.1B | $17.1B | ||
| Q3 24 | $3.7B | $14.4B | ||
| Q2 24 | $3.7B | $14.2B |
负债/权益比TNETVMC
| Q1 26 | — | 0.51× | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $61.0M | $241.1M |
| 自由现金流经营现金流 - 资本支出 | $43.0M | — |
| 自由现金流率自由现金流/营收 | 3.4% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | — | 1.46× |
| 过去12个月自由现金流最近4个季度 | $234.0M | — |
8季度趋势，按日历期对齐
经营现金流TNETVMC
| Q1 26 | — | $241.1M | ||
| Q4 25 | $61.0M | $543.0M | ||
| Q3 25 | $72.0M | $676.8M | ||
| Q2 25 | $75.0M | $341.7M | ||
| Q1 25 | $95.0M | $251.5M | ||
| Q4 24 | $65.0M | $440.1M | ||
| Q3 24 | $84.0M | $595.0M | ||
| Q2 24 | $39.0M | $201.1M |
自由现金流TNETVMC
| Q1 26 | — | — | ||
| Q4 25 | $43.0M | $358.2M | ||
| Q3 25 | $55.0M | $454.8M | ||
| Q2 25 | $57.0M | $238.8M | ||
| Q1 25 | $79.0M | $83.5M | ||
| Q4 24 | $47.0M | $277.6M | ||
| Q3 24 | $59.0M | $498.2M | ||
| Q2 24 | $22.0M | $9.7M |
自由现金流率TNETVMC
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 18.7% | ||
| Q3 25 | 4.5% | 19.8% | ||
| Q2 25 | 4.6% | 11.4% | ||
| Q1 25 | 6.1% | 5.1% | ||
| Q4 24 | 3.7% | 15.0% | ||
| Q3 24 | 4.8% | 24.9% | ||
| Q2 24 | 1.8% | 0.5% |
资本支出强度TNETVMC
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 9.7% | ||
| Q3 25 | 1.4% | 9.7% | ||
| Q2 25 | 1.5% | 4.9% | ||
| Q1 25 | 1.2% | 10.3% | ||
| Q4 24 | 1.4% | 8.8% | ||
| Q3 24 | 2.0% | 4.8% | ||
| Q2 24 | 1.4% | 9.5% |
现金转化率TNETVMC
| Q1 26 | — | 1.46× | ||
| Q4 25 | — | 2.15× | ||
| Q3 25 | 2.12× | 1.81× | ||
| Q2 25 | 2.03× | 1.06× | ||
| Q1 25 | 1.12× | 1.95× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | 1.87× | 2.87× | ||
| Q2 24 | 0.65× | 0.65× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
VMC
暂无分部数据
