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TRINET GROUP, INC.（TNET）与Woodward, Inc.（WWD）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Woodward, Inc.的1.3倍（$1.2B vs $996.5M），Woodward, Inc.同比增速更快（29.0% vs -2.2%），Woodward, Inc.自由现金流更多（$70.3M vs $43.0M），过去两年Woodward, Inc.的营收复合增速更高（9.2% 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。
伍德沃德（Woodward, Inc.）是美国的控制系统及组件供应商，业务涵盖产品设计、制造与全链条服务，产品广泛应用于飞机、航空发动机、工业发动机与轮机、发电及移动工业设备领域，同时为国防领域供应军用装置及其他配套设备。
TNET vs WWD — 直观对比
营收规模更大
TNET
是对方的1.3倍
$996.5M
营收增速更快
WWD
高出31.1%
-2.2%
自由现金流更多
WWD
多$27.3M
$43.0M
两年增速更快
WWD
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $996.5M |
| 净利润 | — | $133.7M |
| 毛利率 | — | 29.3% |
| 营业利润率 | 0.1% | 17.0% |
| 净利率 | — | 13.4% |
| 营收同比 | -2.2% | 29.0% |
| 净利润同比 | — | 53.5% |
| 每股收益（稀释后） | $0.02 | $2.17 |
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TNETWWD
| Q4 25 | $1.2B | $996.5M | ||
| Q3 25 | $1.2B | $995.3M | ||
| Q2 25 | $1.2B | $915.4M | ||
| Q1 25 | $1.3B | $883.6M | ||
| Q4 24 | $1.3B | $772.7M | ||
| Q3 24 | $1.2B | $854.5M | ||
| Q2 24 | $1.2B | $847.7M | ||
| Q1 24 | $1.3B | $835.3M |
净利润TNETWWD
| Q4 25 | — | $133.7M | ||
| Q3 25 | $34.0M | $137.6M | ||
| Q2 25 | $37.0M | $108.4M | ||
| Q1 25 | $85.0M | $108.9M | ||
| Q4 24 | — | $87.1M | ||
| Q3 24 | $45.0M | $83.3M | ||
| Q2 24 | $60.0M | $102.1M | ||
| Q1 24 | $91.0M | $97.6M |
毛利率TNETWWD
| Q4 25 | — | 29.3% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 27.2% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | — | 24.3% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | — | 28.1% |
营业利润率TNETWWD
| Q4 25 | 0.1% | 17.0% | ||
| Q3 25 | 4.1% | 16.1% | ||
| Q2 25 | 4.1% | 13.9% | ||
| Q1 25 | 8.9% | 15.0% | ||
| Q4 24 | -2.9% | 13.2% | ||
| Q3 24 | 4.7% | 11.9% | ||
| Q2 24 | 6.5% | 14.4% | ||
| Q1 24 | 9.7% | 14.4% |
净利率TNETWWD
| Q4 25 | — | 13.4% | ||
| Q3 25 | 2.8% | 13.8% | ||
| Q2 25 | 3.0% | 11.8% | ||
| Q1 25 | 6.6% | 12.3% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | 3.6% | 9.7% | ||
| Q2 24 | 4.9% | 12.0% | ||
| Q1 24 | 7.2% | 11.7% |
每股收益（稀释后）TNETWWD
| Q4 25 | $0.02 | $2.17 | ||
| Q3 25 | $0.70 | $2.23 | ||
| Q2 25 | $0.77 | $1.76 | ||
| Q1 25 | $1.71 | $1.78 | ||
| Q4 24 | $-0.44 | $1.42 | ||
| Q3 24 | $0.89 | $1.36 | ||
| Q2 24 | $1.20 | $1.63 | ||
| Q1 24 | $1.78 | $1.56 |
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 | $454.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $54.0M | $2.6B |
| 总资产 | $3.8B | $4.7B |
| 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TNETWWD
| Q4 25 | $287.0M | $454.2M | ||
| Q3 25 | $321.0M | $327.4M | ||
| Q2 25 | $407.0M | $473.2M | ||
| Q1 25 | $349.0M | $364.1M | ||
| Q4 24 | $360.0M | $283.7M | ||
| Q3 24 | $301.0M | $282.3M | ||
| Q2 24 | $249.0M | $308.3M | ||
| Q1 24 | $383.0M | $316.9M |
总债务TNETWWD
| Q4 25 | — | — | ||
| Q3 25 | — | $579.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $655.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TNETWWD
| Q4 25 | $54.0M | $2.6B | ||
| Q3 25 | $110.0M | $2.6B | ||
| Q2 25 | $107.0M | $2.5B | ||
| Q1 25 | $63.0M | $2.3B | ||
| Q4 24 | $69.0M | $2.2B | ||
| Q3 24 | $129.0M | $2.2B | ||
| Q2 24 | $100.0M | $2.2B | ||
| Q1 24 | $143.0M | $2.3B |
总资产TNETWWD
| Q4 25 | $3.8B | $4.7B | ||
| Q3 25 | $3.4B | $4.6B | ||
| Q2 25 | $3.7B | $4.7B | ||
| Q1 25 | $3.8B | $4.5B | ||
| Q4 24 | $4.1B | $4.3B | ||
| Q3 24 | $3.7B | $4.4B | ||
| Q2 24 | $3.7B | $4.3B | ||
| Q1 24 | $4.0B | $4.4B |
负债/权益比TNETWWD
| Q4 25 | — | — | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $114.4M |
| 自由现金流经营现金流 - 资本支出 | $43.0M | $70.3M |
| 自由现金流率自由现金流/营收 | 3.4% | 7.1% |
| 资本支出强度资本支出/营收 | 1.4% | 4.4% |
| 现金转化率经营现金流/净利润 | — | 0.86× |
| 过去12个月自由现金流最近4个季度 | $234.0M | $409.7M |
8季度趋势，按日历期对齐
经营现金流TNETWWD
| Q4 25 | $61.0M | $114.4M | ||
| Q3 25 | $72.0M | $233.3M | ||
| Q2 25 | $75.0M | $125.6M | ||
| Q1 25 | $95.0M | $77.8M | ||
| Q4 24 | $65.0M | $34.5M | ||
| Q3 24 | $84.0M | $141.8M | ||
| Q2 24 | $39.0M | $153.2M | ||
| Q1 24 | $91.0M | $97.3M |
自由现金流TNETWWD
| Q4 25 | $43.0M | $70.3M | ||
| Q3 25 | $55.0M | $180.9M | ||
| Q2 25 | $57.0M | $99.1M | ||
| Q1 25 | $79.0M | $59.4M | ||
| Q4 24 | $47.0M | $942.0K | ||
| Q3 24 | $59.0M | $117.7M | ||
| Q2 24 | $22.0M | $137.3M | ||
| Q1 24 | $73.0M | $82.8M |
自由现金流率TNETWWD
| Q4 25 | 3.4% | 7.1% | ||
| Q3 25 | 4.5% | 18.2% | ||
| Q2 25 | 4.6% | 10.8% | ||
| Q1 25 | 6.1% | 6.7% | ||
| Q4 24 | 3.7% | 0.1% | ||
| Q3 24 | 4.8% | 13.8% | ||
| Q2 24 | 1.8% | 16.2% | ||
| Q1 24 | 5.8% | 9.9% |
资本支出强度TNETWWD
| Q4 25 | 1.4% | 4.4% | ||
| Q3 25 | 1.4% | 5.3% | ||
| Q2 25 | 1.5% | 2.9% | ||
| Q1 25 | 1.2% | 2.1% | ||
| Q4 24 | 1.4% | 4.3% | ||
| Q3 24 | 2.0% | 2.8% | ||
| Q2 24 | 1.4% | 1.9% | ||
| Q1 24 | 1.4% | 1.7% |
现金转化率TNETWWD
| Q4 25 | — | 0.86× | ||
| Q3 25 | 2.12× | 1.70× | ||
| Q2 25 | 2.03× | 1.16× | ||
| Q1 25 | 1.12× | 0.71× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | 1.87× | 1.70× | ||
| Q2 24 | 0.65× | 1.50× | ||
| Q1 24 | 1.00× | 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% |
WWD
| Transferred At Point In Time | $253.6M | 25% |
| Commercial OEM | $187.9M | 19% |
| Transportation | $166.3M | 17% |
| Defense OEM | $138.2M | 14% |
| Power Generation | $122.8M | 12% |
| Oil And Gas | $72.4M | 7% |
| Defense Aftermarket | $63.8M | 6% |
