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TRINET GROUP, INC.（TNET）与微博公司（WB）财务数据对比。点击上方公司名可切换其他公司
微博公司的季度营收约是TRINET GROUP, INC.的1.0倍（$1.3B vs $1.2B），过去两年微博公司的营收复合增速更高（22.6% vs -0.6%）
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。
微博公司是中国知名的社交网络企业，旗下运营的新浪微博是国内极具影响力的微博客平台，公司总部位于中国北京，为数以亿计的用户提供社交互动、资讯传播、内容创作等多元互联网服务。
TNET vs WB — 直观对比
营收规模更大
WB
是对方的1.0倍
$1.2B
两年增速更快
WB
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | — | $458.3M |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | 29.1% |
| 净利率 | — | 35.7% |
| 营收同比 | -2.2% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.02 | — |
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TNETWB
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $841.7M | ||
| Q1 25 | $1.3B | $396.9M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $833.4M | ||
| Q1 24 | $1.3B | $395.5M |
净利润TNETWB
| Q4 25 | — | — | ||
| Q3 25 | $34.0M | $458.3M | ||
| Q2 25 | $37.0M | $234.8M | ||
| Q1 25 | $85.0M | $108.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | $45.0M | $297.4M | ||
| Q2 24 | $60.0M | $164.6M | ||
| Q1 24 | $91.0M | $51.1M |
营业利润率TNETWB
| Q4 25 | 0.1% | — | ||
| Q3 25 | 4.1% | 29.1% | ||
| Q2 25 | 4.1% | 30.4% | ||
| Q1 25 | 8.9% | 27.8% | ||
| Q4 24 | -2.9% | — | ||
| Q3 24 | 4.7% | 29.0% | ||
| Q2 24 | 6.5% | 28.2% | ||
| Q1 24 | 9.7% | 25.2% |
净利率TNETWB
| Q4 25 | — | — | ||
| Q3 25 | 2.8% | 35.7% | ||
| Q2 25 | 3.0% | 27.9% | ||
| Q1 25 | 6.6% | 27.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.6% | 22.9% | ||
| Q2 24 | 4.9% | 19.8% | ||
| Q1 24 | 7.2% | 12.9% |
每股收益（稀释后）TNETWB
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.70 | — | ||
| Q2 25 | $0.77 | — | ||
| Q1 25 | $1.71 | — | ||
| Q4 24 | $-0.44 | — | ||
| Q3 24 | $0.89 | — | ||
| Q2 24 | $1.20 | — | ||
| Q1 24 | $1.78 | — |
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 | $1.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $54.0M | $3.9B |
| 总资产 | $3.8B | $6.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资TNETWB
| Q4 25 | $287.0M | — | ||
| Q3 25 | $321.0M | $1.1B | ||
| Q2 25 | $407.0M | $1.2B | ||
| Q1 25 | $349.0M | $1.2B | ||
| Q4 24 | $360.0M | — | ||
| Q3 24 | $301.0M | — | ||
| Q2 24 | $249.0M | $1.9B | ||
| Q1 24 | $383.0M | $2.1B |
股东权益TNETWB
| Q4 25 | $54.0M | — | ||
| Q3 25 | $110.0M | $3.9B | ||
| Q2 25 | $107.0M | $3.6B | ||
| Q1 25 | $63.0M | $3.5B | ||
| Q4 24 | $69.0M | — | ||
| Q3 24 | $129.0M | — | ||
| Q2 24 | $100.0M | $3.4B | ||
| Q1 24 | $143.0M | $3.3B |
总资产TNETWB
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.4B | $6.9B | ||
| Q2 25 | $3.7B | $6.5B | ||
| Q1 25 | $3.8B | $6.7B | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.7B | $7.1B | ||
| Q1 24 | $4.0B | $7.3B |
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 | — |
| 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 | — | — |
| 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TNETWB
| Q4 25 | $61.0M | — | ||
| Q3 25 | $72.0M | — | ||
| Q2 25 | $75.0M | — | ||
| Q1 25 | $95.0M | — | ||
| Q4 24 | $65.0M | — | ||
| Q3 24 | $84.0M | — | ||
| Q2 24 | $39.0M | — | ||
| Q1 24 | $91.0M | — |
自由现金流TNETWB
| Q4 25 | $43.0M | — | ||
| Q3 25 | $55.0M | — | ||
| Q2 25 | $57.0M | — | ||
| Q1 25 | $79.0M | — | ||
| Q4 24 | $47.0M | — | ||
| Q3 24 | $59.0M | — | ||
| Q2 24 | $22.0M | — | ||
| Q1 24 | $73.0M | — |
自由现金流率TNETWB
| Q4 25 | 3.4% | — | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 5.8% | — |
资本支出强度TNETWB
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.4% | — |
现金转化率TNETWB
| Q4 25 | — | — | ||
| Q3 25 | 2.12× | — | ||
| Q2 25 | 2.03× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 0.65× | — | ||
| Q1 24 | 1.00× | — |
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% |
WB
| Income from operations | $373.2M | 29% |
| Shares used in computing diluted net income per share attributable to Weibos shareholders | $268.1M | 21% |
| Shares used in computing basic net income per share attributable to Weibos shareholders | $238.6M | 19% |
| Value-added services | $186.1M | 14% |
| Less: Income tax expenses | $113.2M | 9% |
| Investment related income, net | $45.0M | 4% |
| Product development | $16.7M | 1% |
| General and administrative | $10.6M | 1% |
| Sales and marketing | $7.1M | 1% |
| Accretion to redeemable non-controlling interests | $3.0M | 0% |
