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TriNet Group, Inc. TNET R2K

Industrials · Staffing & Employment Services · United States
https://www.trinet.com

TriNet Group, Inc. provides comprehensive human capital management services for small and medium-sized businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers' compensation insurance and claims management; employment and benefits law compliance; and other HR related services. It also provides a technology platform, an online and mobile tool that allows users to store, view, and manage HR information and administer various HR transactions, such as payroll processing, tax administration and credits, employee onboarding and termination, employee performance, time and attendance, compensation reporting, expense management, and benefits enrollment and administration, as well as incorporated workforce analytics and allows professional employer organization and administrative services offering clients to generate HR data, payroll, compensation, and other custom reports. The company serves clients in various industries, including technology, professional services, financial services, life sciences, and not-for-profit. It sells its solutions through its direct sales organization. TriNet Group, Inc. was incorporated in 1988 and is headquartered in Dublin, California.

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$45.68
-43.96% 1Y

Market & Price

Market Cap
$2.10B
Current Price
$45.68
High / Low (52W)
$81.79 / $33.58
Beta
1.01

Valuation

Stock P/E
13.51
Industry PE
28.38
Forward P/E
9.45
PEG Ratio
6.06
Book Value
$1.14
Price to Book
40.07
P/S
0.43
EV/EBITDA
10.40
Dividend Yield
2.54%

Profitability & Returns

ROCE
23.53%
ROE
-
ROA
4.19%
Profit Margin
3.26%
Op Margin
11.22%
EPS (Latest Qtr)
$1.90
EPS (TTM)
$3.38

Balance Sheet & Liquidity

Debt/Equity
11.40
Quick Ratio
0.36
Current Ratio
1.12
Debt
$946.00M
Total Assets
$3.80B
Current Assets
$2.87B
Working Capital
$231.00M

Ownership

Promoter Holding
1.22%
Chg in Prom Hold
-
FII / Inst Holding
97.75%
Chg in FII Hold
0.03%

Financial Snapshot

Enterprise Value
$2.70B
Total Revenue (TTM)
$4.88B
EBITDA
$260.00M
Free Cash Flow
$252.25M
Operating Cash Flow
$357.00M
Shares Outstanding
45.94M
Gross Margin
17.29%
Payout Ratio
32.99%

Growth (CAGR)

Revenue 5Y
0.69%
Profit 5Y
-24.14%
Revenue (YoY)
-4.90%
Earnings (YoY)
10.70%

PROS

  • Healthy ROCE of 23.5%.
  • Attractive dividend yield of 2.54%.
  • Generates positive free cash flow.

CONS

  • Earnings shrank at -24.1% CAGR over 5 years.
  • Trading 44.1% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 TNET TriNet Group, Inc. R2K 45.68 13.51 $2.10B 2.54% 23.53% - 0.69% -24.14%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
Ad space

Quarterly Results

Figures in USD.

Metric Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ---------801.00M818.00M-861.00M850.00M875.00M917.00M934.00M935.00M969.00M1.02B1.05B948.00M975.00M1.06B1.10B1.15B1.22B1.20B1.24B1.25B1.21B1.22B1.26B1.23B-1.29B1.24B1.23B1.25B1.23B
Cost of Revenue -----------------------------------1.01B1.02B1.02B1.08B926.00M
Gross Profit -----------------------------------279.00M220.00M216.00M171.00M300.00M
Operating Expenses -----------------------------------150.00M154.00M153.00M156.00M164.00M
Operating Income 31.04M5.99M11.68M29.61M26.00M26.00M29.00M43.00M49.00M57.00M63.00M48.00M71.00M76.00M62.00M42.00M82.00M55.00M68.00M63.00M120.00M173.00M45.00M138.00M121.00M105.00M204.00M119.00M120.00M169.00M97.00M116.00M122.00M80.00M-129.00M66.00M63.00M15.00M136.00M
EBITDA -----------------------------------148.00M83.00M82.00M33.00M155.00M
Interest Expense -----------------------------------14.00M15.00M13.00M14.00M13.00M
Pretax Income -----------------------------------115.00M51.00M50.00M1.00M123.00M
Tax Provision -----------------------------------30.00M14.00M16.00M2.00M34.00M
Net Income 15.81M-1.31M3.10M14.10M11.00M12.00M15.00M23.00M29.00M40.00M43.00M66.00M54.00M58.00M51.00M29.00M63.00M46.00M55.00M48.00M91.00M126.00M33.00M101.00M91.00M77.00M146.00M85.00M77.00M131.00M83.00M94.00M91.00M60.00M-85.00M37.00M34.00M-1.00M89.00M
Diluted EPS 0.22-0.020.040.200.160.170.200.320.410.560.600.920.750.800.710.400.890.640.780.681.311.870.481.511.371.162.211.351.222.171.381.631.781.20-1.710.770.70-0.011.90
R&D Expense ---------12.00M11.00M-13.00M11.00M12.00M-12.00M13.00M9.00M-9.00M9.00M9.00M13.00M11.00M12.00M16.00M20.00M18.00M17.00M17.00M15.00M18.00M17.00M17.00M20.00M17.00M18.00M-19.00M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ----3.06B3.27B3.50B3.86B4.03B-4.91B4.99B5.05B5.01B
Cost of Revenue ----------3.77B3.82B4.10B4.12B
Gross Profit ----------1.14B1.17B952.00M886.00M
Operating Expenses ----------620.00M633.00M664.00M613.00M
Operating Income 61.83M66.34M86.79M78.00M124.00M217.00M251.00M268.00M368.00M-521.00M541.00M288.00M273.00M
EBITDA ----------610.00M622.00M374.00M346.00M
Interest Expense ----------39.00M40.00M62.00M56.00M
Pretax Income ----------482.00M501.00M226.00M217.00M
Tax Provision ----------127.00M126.00M53.00M62.00M
Net Income 31.83M13.15M15.50M32.00M61.00M178.00M192.00M212.00M272.00M-355.00M375.00M173.00M155.00M
Diluted EPS 0.630.240.220.440.852.492.652.993.99-5.616.563.433.20
R&D Expense ----31.00M45.00M49.00M43.00M40.00M50.00M73.00M65.00M68.00M71.00M

Compounded Sales Growth

5 Years:0.69%
1 Year:-4.90%

Compounded Profit Growth

5 Years:-24.14%
1 Year:10.70%

Stock Price Performance

1 Year:-43.96%
6 Months:-21.35%
3 Months:+20.92%
1 Month:+6.60%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --1.43B2.34B2.09B2.10B2.59B2.44B2.75B3.04B-3.44B3.69B4.12B3.80B
Current Assets -----------2.33B2.58B3.18B2.87B
Cash & Equivalents 31.62M63.75M94.36M134.00M166.00M184.00M336.00M228.00M213.00M301.00M-354.00M287.00M360.00M287.00M
Inventory ---------------
Receivables -----------19.00M18.00M32.00M20.00M
Total Liabilities --1.71B2.37B2.08B2.06B2.39B2.06B2.27B2.44B-2.67B3.62B4.05B3.74B
Current Liabilities --833.49M1.70B1.46B1.38B1.76B1.43B1.64B1.87B-1.99B2.46B2.98B2.64B
Long Term Debt -------391.00M369.00M348.00M-496.00M984.00M908.00M895.00M
Total Debt -----------552.00M1.14B1.02B942.00M
Total Equity -29.28M-65.56M-393.24M-25.00M8.00M35.00M206.00M375.00M475.00M607.00M-775.00M78.00M69.00M54.00M
Shares Outstanding -----------60.56M50.66M49.53M47.38M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow --151.90M151.00M192.00M606.00M-104.00M471.00M546.00M-497.00M539.00M279.00M303.00M
Investing Cash Flow ---45.43M-38.00M-27.00M-24.00M-200.00M-188.00M-151.00M--226.00M-70.00M153.00M-43.00M
Financing Cash Flow ---66.37M-81.00M-104.00M-77.00M-85.00M-176.00M-208.00M--471.00M-540.00M-207.00M-49.00M
Capital Expenditure -9.66M-10.69M-20.55M-19.00M-40.00M-38.00M-43.00M-45.00M-36.00M--56.00M-75.00M-78.00M-69.00M
Free Cash Flow --131.35M132.00M152.00M568.00M-147.00M426.00M510.00M-441.00M464.00M201.00M234.00M
Net Change in Cash -----------200.00M-71.00M225.00M211.00M
Share Buybacks 638.00K5.96M15.01M48.00M72.00M44.00M61.00M140.00M178.00M94.00M523.00M1.12B183.00M183.00M
Dividends Paid ----------0037.00M52.00M

Ratios (Annual)

Figures in %.

Metric Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ----------23.3%23.5%18.8%17.7%
Operating Margin % ----4.1%6.6%7.2%7.0%9.1%-10.6%10.8%5.7%5.4%
Net Margin % ----2.0%5.4%5.5%5.5%6.7%-7.2%7.5%3.4%3.1%
ROE % -48.6%-3.3%-62.0%400.0%174.3%86.4%51.2%44.6%44.8%-45.8%480.8%250.7%287.0%
ROCE % -11.0%13.6%12.3%17.3%26.0%24.9%24.3%31.4%-35.8%44.0%25.3%23.5%

Shareholding Pattern

Insiders
1.22%
Institutions
97.75%
Public Float
98.96%

Top Institutional Holders

#Holder% HeldSharesValue
1 Atairos Group, Inc. 39.36% 18.09M $826.16M
2 Blackrock Inc. 5.29% 2.43M $110.92M
3 Earnest Partners LLC 3.49% 1.60M $73.23M
4 Vanguard Portfolio Management LLC 3.10% 1.43M $65.15M
5 Vanguard Capital Management LLC 2.85% 1.31M $59.81M
6 Wellington Management Group, LLP 2.62% 1.20M $55.02M
7 American Century Companies Inc 2.40% 1.10M $50.39M
8 Dimensional Fund Advisors LP 1.85% 851.37K $38.89M
9 State Street Corporation 1.56% 714.62K $32.64M
10 Geode Capital Management, LLC 1.55% 713.13K $32.58M

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