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TRINET GROUP, INC.（TNET）与Zoom Communications, Inc.（ZM）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Zoom Communications, Inc.的1.0倍（$1.2B vs $1.2B），Zoom Communications, Inc.同比增速更快（4.4% vs -2.2%），Zoom Communications, Inc.自由现金流更多（$614.3M vs $43.0M），过去两年Zoom Communications, Inc.的营收复合增速更高（3.6% 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。
Zoom是总部位于美国加利福尼亚州圣何塞的通信技术企业，旗下核心产品Zoom视频会议软件全球普及度极高，可为企业及个人用户提供高清稳定的远程音视频沟通、线上会议、协同办公等一站式数字化协作解决方案。
TNET vs ZM — 直观对比
营收规模更大
TNET
是对方的1.0倍
$1.2B
营收增速更快
ZM
高出6.6%
-2.2%
自由现金流更多
ZM
多$571.3M
$43.0M
两年增速更快
ZM
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | — | $612.9M |
| 毛利率 | — | 77.9% |
| 营业利润率 | 0.1% | 25.2% |
| 净利率 | — | 49.8% |
| 营收同比 | -2.2% | 4.4% |
| 净利润同比 | — | 196.0% |
| 每股收益（稀释后） | $0.02 | $2.01 |
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TNETZM
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.3B | $1.1B |
净利润TNETZM
| Q4 25 | — | $612.9M | ||
| Q3 25 | $34.0M | $358.6M | ||
| Q2 25 | $37.0M | $254.6M | ||
| Q1 25 | $85.0M | $367.9M | ||
| Q4 24 | — | $207.1M | ||
| Q3 24 | $45.0M | $219.0M | ||
| Q2 24 | $60.0M | $216.3M | ||
| Q1 24 | $91.0M | $298.8M |
毛利率TNETZM
| Q4 25 | — | 77.9% | ||
| Q3 25 | — | 77.6% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 75.7% | ||
| Q4 24 | — | 75.9% | ||
| Q3 24 | — | 75.5% | ||
| Q2 24 | — | 76.1% | ||
| Q1 24 | — | 75.9% |
营业利润率TNETZM
| Q4 25 | 0.1% | 25.2% | ||
| Q3 25 | 4.1% | 26.4% | ||
| Q2 25 | 4.1% | 20.6% | ||
| Q1 25 | 8.9% | 19.0% | ||
| Q4 24 | -2.9% | 15.5% | ||
| Q3 24 | 4.7% | 17.4% | ||
| Q2 24 | 6.5% | 17.8% | ||
| Q1 24 | 9.7% | 14.7% |
净利率TNETZM
| Q4 25 | — | 49.8% | ||
| Q3 25 | 2.8% | 29.5% | ||
| Q2 25 | 3.0% | 21.7% | ||
| Q1 25 | 6.6% | 31.1% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | 3.6% | 18.8% | ||
| Q2 24 | 4.9% | 19.0% | ||
| Q1 24 | 7.2% | 26.1% |
每股收益（稀释后）TNETZM
| Q4 25 | $0.02 | $2.01 | ||
| Q3 25 | $0.70 | $1.16 | ||
| Q2 25 | $0.77 | $0.81 | ||
| Q1 25 | $1.71 | $1.16 | ||
| Q4 24 | $-0.44 | $0.66 | ||
| Q3 24 | $0.89 | $0.70 | ||
| Q2 24 | $1.20 | $0.69 | ||
| Q1 24 | $1.78 | $0.98 |
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 | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $54.0M | $9.3B |
| 总资产 | $3.8B | $11.4B |
| 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TNETZM
| Q4 25 | $287.0M | $1.2B | ||
| Q3 25 | $321.0M | $1.2B | ||
| Q2 25 | $407.0M | $1.2B | ||
| Q1 25 | $349.0M | $1.3B | ||
| Q4 24 | $360.0M | $1.3B | ||
| Q3 24 | $301.0M | $1.5B | ||
| Q2 24 | $249.0M | $1.9B | ||
| Q1 24 | $383.0M | $1.6B |
股东权益TNETZM
| Q4 25 | $54.0M | $9.3B | ||
| Q3 25 | $110.0M | $9.0B | ||
| Q2 25 | $107.0M | $8.9B | ||
| Q1 25 | $63.0M | $8.9B | ||
| Q4 24 | $69.0M | $8.7B | ||
| Q3 24 | $129.0M | $8.5B | ||
| Q2 24 | $100.0M | $8.3B | ||
| Q1 24 | $143.0M | $8.0B |
总资产TNETZM
| Q4 25 | $3.8B | $11.4B | ||
| Q3 25 | $3.4B | $11.0B | ||
| Q2 25 | $3.7B | $11.0B | ||
| Q1 25 | $3.8B | $11.0B | ||
| Q4 24 | $4.1B | $10.7B | ||
| Q3 24 | $3.7B | $10.5B | ||
| Q2 24 | $3.7B | $10.3B | ||
| Q1 24 | $4.0B | $9.9B |
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 | $629.3M |
| 自由现金流经营现金流 - 资本支出 | $43.0M | $614.3M |
| 自由现金流率自由现金流/营收 | 3.4% | 50.0% |
| 资本支出强度资本支出/营收 | 1.4% | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.03× |
| 过去12个月自由现金流最近4个季度 | $234.0M | $2.0B |
8季度趋势，按日历期对齐
经营现金流TNETZM
| Q4 25 | $61.0M | $629.3M | ||
| Q3 25 | $72.0M | $515.9M | ||
| Q2 25 | $75.0M | $489.3M | ||
| Q1 25 | $95.0M | $424.6M | ||
| Q4 24 | $65.0M | $483.2M | ||
| Q3 24 | $84.0M | $449.3M | ||
| Q2 24 | $39.0M | $588.2M | ||
| Q1 24 | $91.0M | $351.2M |
自由现金流TNETZM
| Q4 25 | $43.0M | $614.3M | ||
| Q3 25 | $55.0M | $508.0M | ||
| Q2 25 | $57.0M | $463.4M | ||
| Q1 25 | $79.0M | $416.2M | ||
| Q4 24 | $47.0M | $457.7M | ||
| Q3 24 | $59.0M | $365.1M | ||
| Q2 24 | $22.0M | $569.7M | ||
| Q1 24 | $73.0M | $332.7M |
自由现金流率TNETZM
| Q4 25 | 3.4% | 50.0% | ||
| Q3 25 | 4.5% | 41.7% | ||
| Q2 25 | 4.6% | 39.4% | ||
| Q1 25 | 6.1% | 35.2% | ||
| Q4 24 | 3.7% | 38.9% | ||
| Q3 24 | 4.8% | 31.4% | ||
| Q2 24 | 1.8% | 49.9% | ||
| Q1 24 | 5.8% | 29.0% |
资本支出强度TNETZM
| Q4 25 | 1.4% | 1.2% | ||
| Q3 25 | 1.4% | 0.7% | ||
| Q2 25 | 1.5% | 2.2% | ||
| Q1 25 | 1.2% | 0.7% | ||
| Q4 24 | 1.4% | 2.2% | ||
| Q3 24 | 2.0% | 7.2% | ||
| Q2 24 | 1.4% | 1.6% | ||
| Q1 24 | 1.4% | 1.6% |
现金转化率TNETZM
| Q4 25 | — | 1.03× | ||
| Q3 25 | 2.12× | 1.44× | ||
| Q2 25 | 2.03× | 1.92× | ||
| Q1 25 | 1.12× | 1.15× | ||
| Q4 24 | — | 2.33× | ||
| Q3 24 | 1.87× | 2.05× | ||
| Q2 24 | 0.65× | 2.72× | ||
| Q1 24 | 1.00× | 1.18× |
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% |
ZM
暂无分部数据
