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TRINET GROUP, INC.（TNET）与WEBSTER FINANCIAL CORP（WBS）财务数据对比。点击上方公司名可切换其他公司
TRINET GROUP, INC.的季度营收约是WEBSTER FINANCIAL CORP的1.7倍（$1.2B vs $735.9M），过去两年WEBSTER FINANCIAL CORP的营收复合增速更高（9.4% 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。
韦伯斯特银行是总部位于美国康涅狄格州斯坦福德的商业银行，业务覆盖康涅狄格州、马萨诸塞州、罗德岛州、新泽西州，以及纽约州的威彻斯特、奥兰治、阿尔斯特、罗克兰县和纽约市，共设有177家营业网点和316台自动柜员机。
TNET vs WBS — 直观对比
营收规模更大
TNET
是对方的1.7倍
$735.9M
两年增速更快
WBS
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $735.9M |
| 净利润 | — | $246.2M |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | — |
| 净利率 | — | 33.5% |
| 营收同比 | -2.2% | — |
| 净利润同比 | — | 8.5% |
| 每股收益（稀释后） | $0.02 | $1.50 |
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TNETWBS
| Q1 26 | — | $735.9M | ||
| Q4 25 | $1.2B | $746.2M | ||
| Q3 25 | $1.2B | $732.6M | ||
| Q2 25 | $1.2B | $715.8M | ||
| Q1 25 | $1.3B | $704.8M | ||
| Q4 24 | $1.3B | $661.0M | ||
| Q3 24 | $1.2B | $647.6M | ||
| Q2 24 | $1.2B | $614.6M |
净利润TNETWBS
| Q1 26 | — | $246.2M | ||
| Q4 25 | — | $255.8M | ||
| Q3 25 | $34.0M | $261.2M | ||
| Q2 25 | $37.0M | $258.8M | ||
| Q1 25 | $85.0M | $226.9M | ||
| Q4 24 | — | $177.8M | ||
| Q3 24 | $45.0M | $193.0M | ||
| Q2 24 | $60.0M | $181.6M |
营业利润率TNETWBS
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 48.6% | ||
| Q3 25 | 4.1% | 51.3% | ||
| Q2 25 | 4.1% | 51.7% | ||
| Q1 25 | 8.9% | 51.2% | ||
| Q4 24 | -2.9% | 48.5% | ||
| Q3 24 | 4.7% | 46.1% | ||
| Q2 24 | 6.5% | 47.0% |
净利率TNETWBS
| Q1 26 | — | 33.5% | ||
| Q4 25 | — | 34.3% | ||
| Q3 25 | 2.8% | 35.7% | ||
| Q2 25 | 3.0% | 36.2% | ||
| Q1 25 | 6.6% | 32.2% | ||
| Q4 24 | — | 26.9% | ||
| Q3 24 | 3.6% | 29.8% | ||
| Q2 24 | 4.9% | 29.6% |
每股收益（稀释后）TNETWBS
| Q1 26 | — | $1.50 | ||
| Q4 25 | $0.02 | $1.54 | ||
| Q3 25 | $0.70 | $1.54 | ||
| Q2 25 | $0.77 | $1.52 | ||
| Q1 25 | $1.71 | $1.30 | ||
| Q4 24 | $-0.44 | $1.01 | ||
| Q3 24 | $0.89 | $1.10 | ||
| Q2 24 | $1.20 | $1.03 |
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 | — |
| 总债务越低越好 | — | $738.3M |
| 股东权益账面价值 | $54.0M | $9.6B |
| 总资产 | $3.8B | $85.6B |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资TNETWBS
| Q1 26 | — | — | ||
| Q4 25 | $287.0M | — | ||
| Q3 25 | $321.0M | — | ||
| Q2 25 | $407.0M | — | ||
| Q1 25 | $349.0M | — | ||
| Q4 24 | $360.0M | — | ||
| Q3 24 | $301.0M | — | ||
| Q2 24 | $249.0M | — |
总债务TNETWBS
| Q1 26 | — | $738.3M | ||
| Q4 25 | — | $739.5M | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $905.6M | ||
| Q1 25 | — | $907.4M | ||
| Q4 24 | — | $909.2M | ||
| Q3 24 | — | $911.0M | ||
| Q2 24 | — | $912.7M |
股东权益TNETWBS
| Q1 26 | — | $9.6B | ||
| Q4 25 | $54.0M | $9.5B | ||
| Q3 25 | $110.0M | $9.5B | ||
| Q2 25 | $107.0M | $9.3B | ||
| Q1 25 | $63.0M | $9.2B | ||
| Q4 24 | $69.0M | $9.1B | ||
| Q3 24 | $129.0M | $9.2B | ||
| Q2 24 | $100.0M | $8.8B |
总资产TNETWBS
| Q1 26 | — | $85.6B | ||
| Q4 25 | $3.8B | $84.1B | ||
| Q3 25 | $3.4B | $83.2B | ||
| Q2 25 | $3.7B | $81.9B | ||
| Q1 25 | $3.8B | $80.3B | ||
| Q4 24 | $4.1B | $79.0B | ||
| Q3 24 | $3.7B | $79.5B | ||
| Q2 24 | $3.7B | $76.8B |
负债/权益比TNETWBS
| Q1 26 | — | 0.08× | ||
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.10× |
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TNETWBS
| Q1 26 | — | — | ||
| Q4 25 | $61.0M | $1.1B | ||
| Q3 25 | $72.0M | $374.7M | ||
| Q2 25 | $75.0M | $270.9M | ||
| Q1 25 | $95.0M | $94.9M | ||
| Q4 24 | $65.0M | $1.4B | ||
| Q3 24 | $84.0M | $45.3M | ||
| Q2 24 | $39.0M | $224.0M |
自由现金流TNETWBS
| Q1 26 | — | — | ||
| Q4 25 | $43.0M | $1.0B | ||
| Q3 25 | $55.0M | $362.5M | ||
| Q2 25 | $57.0M | $257.7M | ||
| Q1 25 | $79.0M | $86.6M | ||
| Q4 24 | $47.0M | $1.4B | ||
| Q3 24 | $59.0M | $35.3M | ||
| Q2 24 | $22.0M | $215.6M |
自由现金流率TNETWBS
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 135.2% | ||
| Q3 25 | 4.5% | 49.5% | ||
| Q2 25 | 4.6% | 36.0% | ||
| Q1 25 | 6.1% | 12.3% | ||
| Q4 24 | 3.7% | 207.0% | ||
| Q3 24 | 4.8% | 5.4% | ||
| Q2 24 | 1.8% | 35.1% |
资本支出强度TNETWBS
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 6.6% | ||
| Q3 25 | 1.4% | 1.7% | ||
| Q2 25 | 1.5% | 1.8% | ||
| Q1 25 | 1.2% | 1.2% | ||
| Q4 24 | 1.4% | 5.4% | ||
| Q3 24 | 2.0% | 1.5% | ||
| Q2 24 | 1.4% | 1.4% |
现金转化率TNETWBS
| Q1 26 | — | — | ||
| Q4 25 | — | 4.14× | ||
| Q3 25 | 2.12× | 1.43× | ||
| Q2 25 | 2.03× | 1.05× | ||
| Q1 25 | 1.12× | 0.42× | ||
| Q4 24 | — | 7.90× | ||
| Q3 24 | 1.87× | 0.23× | ||
| Q2 24 | 0.65× | 1.23× |
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% |
WBS
| Net Interest Income | $634.4M | 86% |
| Noninterest Income | $101.5M | 14% |
