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TRINET GROUP, INC.（TNET）与Williams-Sonoma, Inc.（WSM）财务数据对比。点击上方公司名可切换其他公司
Williams-Sonoma, Inc.的季度营收约是TRINET GROUP, INC.的1.5倍（$1.9B vs $1.2B），Williams-Sonoma, Inc.同比增速更快（4.6% vs -2.2%），Williams-Sonoma, Inc.自由现金流更多（$248.1M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -9.1%）
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。
Williams-Sonoma, Inc.是美国知名家居零售企业，1956年由查尔斯·E·威廉姆斯创立，主营高品质炊具、家居家电、家居软装等多元品类产品，在家居消费领域拥有广泛的用户基础与较高的市场认可度。
TNET vs WSM — 直观对比
营收规模更大
WSM
是对方的1.5倍
$1.2B
营收增速更快
WSM
高出6.8%
-2.2%
自由现金流更多
WSM
多$205.1M
$43.0M
两年增速更快
TNET
近两年复合增速
-9.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.9B |
| 净利润 | — | $241.6M |
| 毛利率 | — | 46.1% |
| 营业利润率 | 0.1% | 17.0% |
| 净利率 | — | 12.8% |
| 营收同比 | -2.2% | 4.6% |
| 净利润同比 | — | -3.0% |
| 每股收益（稀释后） | $0.02 | $1.96 |
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TNETWSM
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.3B | $2.5B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.2B | $1.7B | ||
| Q1 24 | $1.3B | $2.3B |
净利润TNETWSM
| Q4 25 | — | $241.6M | ||
| Q3 25 | $34.0M | $247.6M | ||
| Q2 25 | $37.0M | $231.3M | ||
| Q1 25 | $85.0M | $384.9M | ||
| Q4 24 | — | $249.0M | ||
| Q3 24 | $45.0M | $225.7M | ||
| Q2 24 | $60.0M | $265.7M | ||
| Q1 24 | $91.0M | $354.4M |
毛利率TNETWSM
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 44.3% | ||
| Q1 25 | — | 45.2% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 46.2% | ||
| Q2 24 | — | 48.3% | ||
| Q1 24 | — | 46.0% |
营业利润率TNETWSM
| Q4 25 | 0.1% | 17.0% | ||
| Q3 25 | 4.1% | 17.9% | ||
| Q2 25 | 4.1% | 16.8% | ||
| Q1 25 | 8.9% | 20.1% | ||
| Q4 24 | -2.9% | 17.8% | ||
| Q3 24 | 4.7% | 16.2% | ||
| Q2 24 | 6.5% | 19.5% | ||
| Q1 24 | 9.7% | 20.1% |
净利率TNETWSM
| Q4 25 | — | 12.8% | ||
| Q3 25 | 2.8% | 13.5% | ||
| Q2 25 | 3.0% | 13.4% | ||
| Q1 25 | 6.6% | 15.6% | ||
| Q4 24 | — | 13.8% | ||
| Q3 24 | 3.6% | 12.6% | ||
| Q2 24 | 4.9% | 16.0% | ||
| Q1 24 | 7.2% | 15.6% |
每股收益（稀释后）TNETWSM
| Q4 25 | $0.02 | $1.96 | ||
| Q3 25 | $0.70 | $2.00 | ||
| Q2 25 | $0.77 | $1.85 | ||
| Q1 25 | $1.71 | $1.02 | ||
| Q4 24 | $-0.44 | $1.96 | ||
| Q3 24 | $0.89 | $1.74 | ||
| Q2 24 | $1.20 | $4.07 | ||
| Q1 24 | $1.78 | $5.42 |
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 | $884.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $54.0M | $2.1B |
| 总资产 | $3.8B | $5.3B |
| 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TNETWSM
| Q4 25 | $287.0M | $884.7M | ||
| Q3 25 | $321.0M | $985.8M | ||
| Q2 25 | $407.0M | $1.0B | ||
| Q1 25 | $349.0M | $1.2B | ||
| Q4 24 | $360.0M | $826.8M | ||
| Q3 24 | $301.0M | $1.3B | ||
| Q2 24 | $249.0M | $1.3B | ||
| Q1 24 | $383.0M | $1.3B |
股东权益TNETWSM
| Q4 25 | $54.0M | $2.1B | ||
| Q3 25 | $110.0M | $2.1B | ||
| Q2 25 | $107.0M | $2.2B | ||
| Q1 25 | $63.0M | $2.1B | ||
| Q4 24 | $69.0M | $1.9B | ||
| Q3 24 | $129.0M | $2.3B | ||
| Q2 24 | $100.0M | $2.2B | ||
| Q1 24 | $143.0M | $2.1B |
总资产TNETWSM
| Q4 25 | $3.8B | $5.3B | ||
| Q3 25 | $3.4B | $5.2B | ||
| Q2 25 | $3.7B | $5.2B | ||
| Q1 25 | $3.8B | $5.3B | ||
| Q4 24 | $4.1B | $5.0B | ||
| Q3 24 | $3.7B | $5.2B | ||
| Q2 24 | $3.7B | $5.2B | ||
| Q1 24 | $4.0B | $5.3B |
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 | $316.3M |
| 自由现金流经营现金流 - 资本支出 | $43.0M | $248.1M |
| 自由现金流率自由现金流/营收 | 3.4% | 13.2% |
| 资本支出强度资本支出/营收 | 1.4% | 3.6% |
| 现金转化率经营现金流/净利润 | — | 1.31× |
| 过去12个月自由现金流最近4个季度 | $234.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流TNETWSM
| Q4 25 | $61.0M | $316.3M | ||
| Q3 25 | $72.0M | $282.7M | ||
| Q2 25 | $75.0M | $118.9M | ||
| Q1 25 | $95.0M | $633.5M | ||
| Q4 24 | $65.0M | $253.5M | ||
| Q3 24 | $84.0M | $246.5M | ||
| Q2 24 | $39.0M | $226.8M | ||
| Q1 24 | $91.0M | $674.9M |
自由现金流TNETWSM
| Q4 25 | $43.0M | $248.1M | ||
| Q3 25 | $55.0M | $230.7M | ||
| Q2 25 | $57.0M | $60.7M | ||
| Q1 25 | $79.0M | $566.3M | ||
| Q4 24 | $47.0M | $170.1M | ||
| Q3 24 | $59.0M | $215.1M | ||
| Q2 24 | $22.0M | $187.3M | ||
| Q1 24 | $73.0M | $621.2M |
自由现金流率TNETWSM
| Q4 25 | 3.4% | 13.2% | ||
| Q3 25 | 4.5% | 12.6% | ||
| Q2 25 | 4.6% | 3.5% | ||
| Q1 25 | 6.1% | 23.0% | ||
| Q4 24 | 3.7% | 9.4% | ||
| Q3 24 | 4.8% | 12.0% | ||
| Q2 24 | 1.8% | 11.3% | ||
| Q1 24 | 5.8% | 27.3% |
资本支出强度TNETWSM
| Q4 25 | 1.4% | 3.6% | ||
| Q3 25 | 1.4% | 2.8% | ||
| Q2 25 | 1.5% | 3.4% | ||
| Q1 25 | 1.2% | 2.7% | ||
| Q4 24 | 1.4% | 4.6% | ||
| Q3 24 | 2.0% | 1.8% | ||
| Q2 24 | 1.4% | 2.4% | ||
| Q1 24 | 1.4% | 2.4% |
现金转化率TNETWSM
| Q4 25 | — | 1.31× | ||
| Q3 25 | 2.12× | 1.14× | ||
| Q2 25 | 2.03× | 0.51× | ||
| Q1 25 | 1.12× | 1.65× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | 1.87× | 1.09× | ||
| Q2 24 | 0.65× | 0.85× | ||
| Q1 24 | 1.00× | 1.90× |
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% |
WSM
暂无分部数据
