TriNet Group (TNET) Financials

$81.35 -1.09 (-1.32%)

Closing price 03:59 PM Eastern

Extended Trading

$81.28 -0.07 (-0.09%)

As of 04:10 PM Eastern

Annual Income Statements for TriNet Group

This table shows TriNet Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	173	375	355	338	272	212	192	178	61	32
Consolidated Net Income / (Loss)	173	375	355	338	272	212	192	178	61	32
Net Income / (Loss) Continuing Operations	173	375	355	338	272	212	192	178	61	32
Total Pre-Tax Income	226	501	482	441	357	270	241	200	104	60
Total Operating Income	288	541	521	455	368	268	251	217	124	78
Total Gross Profit	4,749	4,687	4,604	4,276	3,772	3,611	3,274	3,062	2,870	2,480
Total Revenue	5,053	4,994	4,907	4,540	4,034	3,856	3,503	3,275	3,060	2,659
Operating Revenue	5,053	4,994	4,907	4,540	4,034	3,856	3,503	3,275	3,060	2,659
Total Cost of Revenue	304	307	303	264	262	245	229	213	190	179
Operating Cost of Revenue	304	307	303	264	262	245	229	213	190	179
Total Operating Expenses	4,461	4,146	4,083	3,821	3,404	3,343	3,023	2,845	2,746	2,402
Selling, General & Admin Expense	232	211	241	176	152	137	142	114	92	69
Marketing Expense	4,086	3,798	3,705	3,541	3,165	3,117	2,792	2,653	2,588	2,279
Research & Development Expense	68	65	73	50	40	43	49	45	31	-
Depreciation Expense	75	72	64	54	47	46	40	33	35	15
Total Other Income / (Expense), net	-62	-40	-39	-14	-11	2.00	-10	-17	-20	-18
Interest Expense	62	40	39	20	21	21	22	20	20	19
Income Tax Expense	53	126	127	103	85	58	49	22	43	28
Basic Earnings per Share	$3.47	$6.61	$5.66	$5.13	$4.03	$3.04	$2.72	$2.57	$0.88	$0.45
Weighted Average Basic Shares Outstanding	50M	57M	63M	66M	67M	70M	70M	69M	70.16M	70.23M
Diluted Earnings per Share	$3.43	$6.56	$5.61	$5.07	$3.99	$2.99	$2.65	$2.49	$0.85	$0.44
Weighted Average Diluted Shares Outstanding	50M	57M	64M	67M	68M	71M	72M	71M	71.97M	72.62M
Weighted Average Basic & Diluted Shares Outstanding	49.53M	50.57M	59.98M	65.70M	65.99M	68.75M	80M	69.30M	69.30M	70.40M

This table shows TriNet Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	85	-23	45	60	91	67	94	83	131	47	77
Consolidated Net Income / (Loss)	85	-23	45	60	91	67	94	83	131	47	77
Net Income / (Loss) Continuing Operations	85	-23	45	60	91	67	94	83	131	47	77
Total Pre-Tax Income	115	-37	58	81	124	86	124	111	180	63	103
Total Operating Income	115	28	58	80	122	159	116	97	169	78	120
Total Gross Profit	1,221	1,250	1,163	1,151	1,185	1,241	1,148	1,130	1,168	1,170	1,162
Total Revenue	1,292	1,326	1,237	1,226	1,264	1,317	1,222	1,209	1,246	1,248	1,241
Operating Revenue	1,292	1,326	1,237	1,226	1,264	1,317	1,222	1,209	1,246	1,248	1,241
Total Cost of Revenue	71	76	74	75	79	76	74	79	78	78	79
Operating Cost of Revenue	71	76	74	75	79	76	74	79	78	78	79
Total Operating Expenses	1,106	1,222	1,105	1,071	1,063	1,082	1,032	1,033	999	1,092	1,042
Selling, General & Admin Expense	46	91	46	47	48	57	51	60	43	76	63
Marketing Expense	1,009	1,096	1,023	988	979	990	949	938	921	979	944
Research & Development Expense	20	16	17	17	18	16	15	17	17	19	18
Depreciation Expense	17	19	19	19	18	19	17	18	18	18	17
Other Operating Expenses / (Income)	14	-	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	0.00	-65	0.00	1.00	2.00	-73	8.00	14	11	-15	-17
Income Tax Expense	30	-14	13	21	33	19	30	28	49	16	26
Basic Earnings per Share	$1.72	($0.44)	$0.90	$1.21	$1.80	$1.38	$1.65	$1.40	$2.18	$0.84	$1.23
Weighted Average Basic Shares Outstanding	49M	50M	50M	50M	51M	57M	57M	60M	60M	63M	62M
Diluted Earnings per Share	$1.71	($0.44)	$0.89	$1.20	$1.78	$1.38	$1.63	$1.38	$2.17	$0.83	$1.22
Weighted Average Diluted Shares Outstanding	49M	50M	50M	51M	51M	57M	58M	60M	60M	64M	63M
Weighted Average Basic & Diluted Shares Outstanding	48.40M	49.53M	49.58M	49.67M	50.56M	50.57M	50.51M	59.68M	59.41M	59.98M	62.23M
Cash Dividends to Common per Share	$0.25	-	-	-	-	-	-	-	-	-	-

This table details how cash moves in and out of TriNet Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	225	-71	-201	95	187	107	-389	505	61	32
Net Cash From Operating Activities	279	539	497	218	546	471	-104	606	192	151
Net Cash From Continuing Operating Activities	279	539	497	218	546	471	-104	606	192	151
Net Income / (Loss) Continuing Operations	173	375	355	338	272	212	192	178	61	32
Consolidated Net Income / (Loss)	173	375	355	338	272	212	192	178	61	32
Depreciation Expense	75	72	64	54	67	57	46	35	39	53
Amortization Expense	44	40	38	31	1.00	-1.00	0.00	0.00	-	-
Non-Cash Adjustments To Reconcile Net Income	104	75	98	-17	63	64	30	24	-53	261
Changes in Operating Assets and Liabilities, net	-117	-23	-58	-188	143	139	-372	369	145	-195
Net Cash From Investing Activities	153	-70	-226	-135	-151	-188	-200	-24	-27	-38
Net Cash From Continuing Investing Activities	153	-70	-226	-135	-151	-188	-200	-24	-27	-38
Purchase of Property, Plant & Equipment	-78	-75	-56	-40	-36	-45	-43	-38	-40	-19
Acquisitions	0.00	0.00	-229	0.00	-12	-	-	-	-15	-5.00
Purchase of Investments	-190	-281	-410	-444	-327	-302	-258	0.00	-	-42
Sale and/or Maturity of Investments	421	286	469	349	224	159	101	14	28	28
Net Cash From Financing Activities	-207	-540	-471	12	-208	-176	-85	-77	-104	-81
Net Cash From Continuing Financing Activities	-207	-540	-471	12	-208	-176	-85	-77	-104	-81
Repayment of Debt	-110	-504	0.00	-379	-22	-22	-226	-38	-95	-45
Repurchase of Common Equity	-183	-1,122	-523	-94	-178	-140	-61	-44	-76	-49
Payment of Dividends	-37	0.00	0.00	-	-	-	-	-	-	-
Issuance of Debt	0.00	1,095	0.00	500	0.00	0.00	210	0.00	58	0.00
Issuance of Common Equity	12	15	11	11	10	11	14	16	9.00	5.00
Other Financing Activities, net	111	-24	41	-26	-18	-25	-22	-11	-	8.00
Effect of Exchange Rate Changes	0.00	0.00	-1.00	0.00	0.00	-	-	-	-	-
Cash Interest Paid	59	25	18	12	16	19	17	16	15	15
Cash Income Taxes Paid	76	114	128	129	123	62	49	2.00	39	2.00

This table details how cash moves in and out of TriNet Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-407	743	-46	-273	-199	552	-559	-164	100	320	-70
Net Cash From Operating Activities	95	555	-31	-123	-122	582	-110	144	-77	421	-49
Net Cash From Continuing Operating Activities	95	555	-31	-123	-122	582	-110	144	-77	421	-49
Net Income / (Loss) Continuing Operations	85	-23	44	61	91	67	94	83	131	48	77
Consolidated Net Income / (Loss)	85	-23	44	61	91	67	94	83	131	48	77
Depreciation Expense	17	-	-	-	-	-	-	-	-	-	-
Amortization Expense	12	-44	30	29	29	-49	33	26	30	-36	27
Non-Cash Adjustments To Reconcile Net Income	15	621	-521	1.00	3.00	164	-133	205	-161	122	-66
Changes in Operating Assets and Liabilities, net	-34	-74	416	-214	-245	328	-104	-170	-77	223	-87
Net Cash From Investing Activities	-8.00	178	24	-2.00	-47	-13	-26	-8.00	-23	-21	-14
Net Cash From Continuing Investing Activities	-8.00	178	24	-2.00	-47	-13	-26	-8.00	-23	-21	-14
Purchase of Property, Plant & Equipment	-16	-18	-25	-17	-18	-21	-20	-17	-17	-17	-13
Purchase of Investments	-27	-29	-22	-44	-95	-55	-56	-88	-82	-73	-180
Divestitures	1.00	-	-	-	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	34	225	71	59	66	63	50	97	76	79	215
Net Cash From Financing Activities	-494	10	-39	-148	-30	-17	-423	-300	200	-79	-7.00
Net Cash From Continuing Financing Activities	-494	10	-39	-148	-30	-17	-423	-300	200	-79	-7.00
Repurchase of Common Equity	-90	-28	-20	-112	-23	-13	-1,011	-7.00	-91	-140	-1.00
Payment of Dividends	-12	-12	-12	-	-	-	-	-	0.00	-	-
Other Financing Activities, net	-392	129	-6.00	-5.00	-7.00	-10	-5.00	-5.00	-4.00	56	-7.00
Cash Interest Paid	25	4.00	25	4.00	26	4.00	9.00	1.00	11	-	9.00
Cash Income Taxes Paid	0.00	9.00	5.00	55	7.00	25	31	54	4.00	68	23

This table presents TriNet Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	4,119	3,693	3,443	3,309	3,043	2,748	2,435	2,593	2,095	2,092
Total Current Assets	3,180	2,578	2,326	2,439	2,160	1,871	1,646	1,991	1,535	1,568
Cash & Equivalents	360	287	354	612	301	213	228	336	184	166
Restricted Cash	1,413	1,269	1,263	1,195	1,388	1,180	942	1,280	15	15
Short-Term Investments	0.00	65	76	135	57	68	54	0.00	-	-
Accounts Receivable	381	465	394	389	264	294	315	318	-	-
Prepaid Expenses	64	67	71	67	63	52	48	38	11	8.58
Other Current Assets	962	425	168	41	87	64	59	19	1,283	1,375
Plant, Property, & Equipment, net	10	17	24	24	79	85	79	70	59	38
Total Noncurrent Assets	929	1,098	1,093	846	804	792	710	532	501	486
Long-Term Investments	145	301	304	334	348	337	322	162	131	102
Goodwill	461	462	462	294	294	289	289	289	289	289
Intangible Assets	156	172	163	61	18	15	21	26	31	47
Other Noncurrent Operating Assets	167	163	164	157	144	151	78	55	50	49
Total Liabilities & Shareholders' Equity	4,119	3,693	3,443	3,309	3,043	2,748	2,435	2,593	2,095	2,092
Total Liabilities	4,050	3,615	2,668	2,428	2,436	2,273	2,060	2,387	2,060	2,084
Total Current Liabilities	2,981	2,463	1,988	1,739	1,870	1,643	1,425	1,757	1,379	1,456
Short-Term Debt	75	109	0.00	-	22	22	22	40	37	33
Accounts Payable	89	87	98	86	50	31	45	59	23	13
Accrued Expenses	769	690	611	543	481	558	487	480	31	29
Customer Deposits	76	65	106	97	134	44	56	52	-	-
Current Employee Benefit Liabilities	1,950	1,488	1,141	984	1,154	962	796	67	1,276	1,369
Other Current Liabilities	22	24	32	29	29	26	19	25	12	11
Total Noncurrent Liabilities	1,069	1,152	680	689	566	630	635	630	681	629
Long-Term Debt	908	984	496	495	348	369	391	383	422	461
Capital Lease Obligations	26	30	41	-	49	48	0.00	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	11	13	8.00	11	22	61	68	68	92	55
Noncurrent Employee Benefit Liabilities	110	120	128	135	138	144	158	165	159	105
Other Noncurrent Operating Liabilities	14	5.00	7.00	48	9.00	8.00	18	14	8.00	7.55
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	-	-	0.00	0.00
Total Equity & Noncontrolling Interests	69	78	775	881	607	475	375	206	35	8.08
Total Preferred & Common Equity	69	78	775	881	607	475	375	206	35	8.08
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	69	78	775	881	607	475	375	206	35	8.08
Common Stock	1,056	976	899	808	747	694	641	583	535	494
Retained Earnings	-984	-896	-119	74	-144	-219	-266	-377	-500	-486
Accumulated Other Comprehensive Income / (Loss)	-3.00	-2.00	-5.00	-1.00	4.00	0.00	-	-	-	-0.72

This table presents TriNet Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,775	3,729	3,703	3,968	2,966	3,290	3,736	3,079
Total Current Assets	2,857	2,605	2,566	2,840	1,853	2,177	2,629	1,965
Cash & Equivalents	349	251	177	298	170	482	707	454
Restricted Cash	1,024	780	893	1,059	833	1,074	1,016	837
Accounts Receivable	499	526	500	478	425	381	386	372
Prepaid Expenses	60	64	76	79	75	72	85	63
Other Current Assets	925	934	848	841	275	99	346	144
Plant, Property, & Equipment, net	9.00	14	14	15	16	29	31	90
Total Noncurrent Assets	909	1,110	1,123	1,113	1,097	1,084	1,076	1,024
Long-Term Investments	134	298	319	313	297	303	297	293
Goodwill	461	462	462	462	462	462	462	462
Intangible Assets	146	179	176	174	169	156	155	103
Other Noncurrent Operating Assets	168	171	166	164	169	163	162	166
Total Liabilities & Shareholders' Equity	3,775	3,729	3,703	3,968	2,966	3,290	3,736	3,079
Total Liabilities	3,712	3,600	3,603	3,825	2,956	2,375	2,911	2,223
Total Current Liabilities	2,646	2,440	2,463	2,669	1,703	1,707	2,235	1,521
Short-Term Debt	74	75	84	109	-	-	295	-
Accounts Payable	82	82	85	122	109	100	130	122
Accrued Expenses	733	759	740	704	641	607	585	578
Customer Deposits	49	39	70	51	73	78	131	54
Current Employee Benefit Liabilities	1,690	1,464	1,464	1,662	855	897	1,061	732
Other Current Liabilities	18	21	20	21	25	25	33	35
Total Noncurrent Liabilities	1,066	1,160	1,140	1,156	1,253	668	676	702
Long-Term Debt	909	993	984	984	1,091	496	496	496
Capital Lease Obligations	24	30	24	27	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	10	18	13	13	5.00	7.00	9.00	29
Noncurrent Employee Benefit Liabilities	111	107	107	120	122	122	127	129
Other Noncurrent Operating Liabilities	12	12	12	12	35	43	44	48
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	63	129	100	143	10	915	825	856
Total Preferred & Common Equity	63	129	100	143	10	915	825	856
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	63	129	100	143	10	915	825	856
Common Stock	1,070	1,037	1,021	996	953	934	910	878
Retained Earnings	-1,006	-910	-916	-848	-935	-13	-83	-17
Accumulated Other Comprehensive Income / (Loss)	-1.00	2.00	-5.00	-5.00	-8.00	-6.00	-2.00	-5.00

This table displays calculated financial ratios and metrics derived from TriNet Group's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.18%	1.77%	8.08%	12.54%	4.62%	10.08%	6.96%	7.03%	15.08%	21.22%
EBITDA Growth	-37.67%	4.82%	15.37%	23.85%	34.57%	9.09%	17.86%	54.60%	23.48%	-23.11%
EBIT Growth	-46.77%	3.84%	14.51%	23.64%	37.31%	6.77%	15.67%	75.00%	56.96%	-9.48%
NOPAT Growth	-45.56%	5.53%	10.03%	24.38%	33.24%	5.23%	3.54%	165.54%	74.83%	2.30%
Net Income Growth	-53.87%	5.63%	5.03%	24.26%	28.30%	10.42%	7.87%	191.80%	90.63%	106.49%
EPS Growth	-47.71%	16.93%	10.65%	27.07%	33.44%	12.83%	6.43%	192.94%	93.18%	100.00%
Operating Cash Flow Growth	-48.24%	8.45%	127.98%	-60.07%	15.92%	552.88%	-117.16%	215.63%	27.15%	-0.59%
Free Cash Flow Firm Growth	-23.01%	161.34%	-6.64%	-61.08%	38.03%	276.11%	-112.68%	1,074.78%	4.08%	-12.96%
Invested Capital Growth	-16.50%	-5.26%	23.89%	15.73%	-20.81%	-16.62%	34.03%	-800.61%	-25.28%	-27.10%
Revenue Q/Q Growth	1.63%	1.86%	0.33%	0.00%	0.00%	2.69%	2.01%	1.15%	2.87%	4.80%
EBITDA Q/Q Growth	5.44%	26.55%	-0.95%	0.00%	0.00%	11.34%	-1.33%	0.82%	8.76%	2.54%
EBIT Q/Q Growth	-17.00%	23.52%	-2.43%	0.00%	0.00%	8.50%	-1.95%	1.99%	11.62%	12.79%
NOPAT Q/Q Growth	-15.69%	24.48%	-3.74%	0.00%	0.00%	9.47%	-16.77%	30.20%	13.41%	23.48%
Net Income Q/Q Growth	-34.22%	5.63%	-5.84%	0.00%	0.00%	9.84%	-16.16%	32.28%	15.44%	30.02%
EPS Q/Q Growth	-34.67%	9.15%	-3.44%	0.00%	0.00%	10.74%	-16.67%	31.75%	16.44%	33.33%
Operating Cash Flow Q/Q Growth	-10.58%	21.67%	60.32%	-61.75%	-14.95%	192.55%	-138.38%	2,140.47%	50.97%	-4.44%
Free Cash Flow Firm Q/Q Growth	143.35%	61.94%	0.00%	0.00%	0.00%	236.33%	-123.77%	573.84%	42.41%	-8.50%
Invested Capital Q/Q Growth	-452.63%	-163.14%	-109.48%	0.00%	0.00%	0.00%	-72.67%	-1,023.86%	-17.82%	-2.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	93.98%	93.85%	93.83%	94.19%	93.51%	93.65%	93.46%	93.50%	93.79%	93.27%
EBITDA Margin	8.05%	13.08%	12.70%	11.89%	10.81%	8.40%	8.48%	7.69%	5.33%	4.96%
Operating Margin	5.70%	10.83%	10.62%	10.02%	9.12%	6.95%	7.17%	6.63%	4.05%	2.93%
EBIT Margin	5.70%	10.83%	10.62%	10.02%	9.12%	6.95%	7.17%	6.63%	4.05%	2.97%
Profit (Net Income) Margin	3.42%	7.51%	7.23%	7.44%	6.74%	5.50%	5.48%	5.44%	1.99%	1.20%
Tax Burden Percent	76.55%	74.85%	73.65%	76.64%	76.19%	78.52%	79.67%	89.00%	58.65%	53.33%
Interest Burden Percent	78.47%	92.61%	92.51%	96.92%	97.01%	100.75%	96.02%	92.17%	83.87%	75.95%
Effective Tax Rate	23.45%	25.15%	26.35%	23.36%	23.81%	21.48%	20.33%	11.00%	41.35%	46.67%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	37.93%	15.98%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	31.04%	12.42%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	245.26%	-378.02%
Return on Equity (ROE)	235.37%	87.93%	42.87%	45.43%	50.28%	49.88%	66.09%	147.72%	283.19%	-362.03%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	66.87%	47.33%
Operating Return on Assets (OROA)	7.37%	15.16%	15.43%	14.33%	12.71%	10.34%	9.98%	9.26%	5.92%	3.56%
Return on Assets (ROA)	4.43%	10.51%	10.52%	10.64%	9.39%	8.18%	7.64%	7.59%	2.91%	1.44%
Return on Common Equity (ROCE)	235.37%	87.93%	42.87%	45.43%	50.28%	49.88%	66.09%	147.72%	283.19%	-362.03%
Return on Equity Simple (ROE_SIMPLE)	250.72%	480.77%	45.81%	38.37%	44.81%	44.63%	51.20%	86.41%	174.29%	395.99%
Net Operating Profit after Tax (NOPAT)	220	405	384	349	280	210	200	193	73	42
NOPAT Margin	4.36%	8.11%	7.82%	7.68%	6.95%	5.46%	5.71%	5.90%	2.38%	1.56%
Net Nonoperating Expense Percent (NNEP)	-5.56%	-2.65%	-1.77%	-0.62%	-0.55%	0.13%	-0.64%	-2.47%	6.89%	3.57%
Return On Investment Capital (ROIC_SIMPLE)	20.45%	33.72%	29.25%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	6.02%	6.15%	6.17%	5.82%	6.49%	6.35%	6.54%	6.50%	6.21%	6.73%
SG&A Expenses to Revenue	4.59%	4.23%	4.91%	3.88%	3.77%	3.55%	4.05%	3.48%	3.01%	2.60%
R&D to Revenue	1.35%	1.30%	1.49%	1.10%	0.99%	1.12%	1.40%	1.37%	1.01%	0.00%
Operating Expenses to Revenue	88.28%	83.02%	83.21%	84.16%	84.38%	86.70%	86.30%	86.87%	89.74%	90.33%
Earnings before Interest and Taxes (EBIT)	288	541	521	455	368	268	251	217	124	79
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	407	653	623	540	436	324	297	252	163	132
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	65.04	76.27	5.39	7.08	8.81	8.29	7.85	14.89	50.16	166.93
Price to Tangible Book Value (P/TBV)	0.00	0.00	27.86	11.86	18.13	23.02	45.26	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.89	1.19	0.85	1.37	1.33	1.02	0.84	0.94	0.57	0.51
Price to Earnings (P/E)	25.94	15.86	11.77	18.45	19.66	18.57	15.32	17.23	28.78	42.16
Dividend Yield	0.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.86%	6.30%	8.50%	5.42%	5.09%	5.39%	6.53%	5.80%	3.47%	2.37%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.49	7.11
Enterprise Value to Revenue (EV/Rev)	0.71	1.03	0.55	0.98	0.91	0.67	0.52	0.52	0.62	0.59
Enterprise Value to EBITDA (EV/EBITDA)	8.79	7.89	4.36	8.25	8.42	7.95	6.09	6.80	11.56	11.82
Enterprise Value to EBIT (EV/EBIT)	12.43	9.52	5.22	9.79	9.98	9.62	7.21	7.89	15.20	19.75
Enterprise Value to NOPAT (EV/NOPAT)	16.23	12.72	7.08	12.77	13.10	12.25	9.05	8.87	25.91	37.51
Enterprise Value to Operating Cash Flow (EV/OCF)	12.83	9.55	5.47	20.44	6.73	5.47	0.00	2.83	9.82	10.33
Enterprise Value to Free Cash Flow (EV/FCFF)	10.54	11.68	16.11	24.65	7.91	7.66	0.00	1.14	14.70	12.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	14.62	14.40	0.69	0.56	0.69	0.92	1.10	2.05	13.11	61.12
Long-Term Debt to Equity	13.54	13.00	0.69	0.56	0.65	0.88	1.04	1.86	12.06	57.04
Financial Leverage	-11.62	-2.65	-1.96	-2.32	-2.80	-2.93	-4.28	-5.09	7.90	-30.45
Leverage Ratio	53.14	8.37	4.08	4.27	5.35	6.10	8.65	19.45	97.20	-250.77
Compound Leverage Factor	41.70	7.75	3.77	4.14	5.19	6.14	8.31	17.93	81.52	-190.45
Debt to Total Capital	93.60%	93.51%	40.93%	35.97%	40.84%	48.03%	52.41%	67.25%	92.92%	98.39%
Short-Term Debt to Total Capital	6.96%	9.08%	0.00%	0.00%	2.14%	2.41%	2.79%	6.36%	7.49%	6.57%
Long-Term Debt to Total Capital	86.64%	84.43%	40.93%	35.97%	38.69%	45.62%	49.62%	60.89%	85.43%	91.82%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	6.40%	6.49%	59.07%	64.03%	59.16%	51.97%	47.59%	32.75%	7.09%	1.61%
Debt to EBITDA	2.48	1.72	0.86	0.92	0.96	1.35	1.39	1.68	2.82	3.74
Net Debt to EBITDA	-2.23	-1.22	-2.34	-3.30	-3.84	-4.19	-3.81	-5.38	0.79	1.60
Long-Term Debt to EBITDA	2.29	1.55	0.86	0.92	0.91	1.29	1.32	1.52	2.59	3.49
Debt to NOPAT	4.58	2.77	1.40	1.42	1.49	2.09	2.07	2.19	6.31	11.87
Net Debt to NOPAT	-4.12	-1.97	-3.80	-5.11	-5.97	-6.46	-5.67	-7.02	1.77	5.08
Long-Term Debt to NOPAT	4.24	2.50	1.40	1.42	1.42	1.98	1.96	1.98	5.80	11.08
Altman Z-Score	1.85	2.52	2.93	3.65	3.09	2.75	2.59	2.22	1.92	1.52
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.07	1.05	1.17	1.40	1.16	1.14	1.16	1.13	1.11	1.08
Quick Ratio	0.25	0.33	0.41	0.65	0.33	0.35	0.42	0.37	0.13	0.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	339	441	169	181	464	336	-191	1,506	128	123
Operating Cash Flow to CapEx	357.69%	718.67%	887.50%	545.00%	1,516.67%	1,046.67%	-241.86%	1,594.74%	480.00%	794.74%
Free Cash Flow to Firm to Interest Expense	5.48	11.02	4.33	9.04	22.11	16.02	-8.68	75.31	6.41	6.48
Operating Cash Flow to Interest Expense	4.50	13.48	12.74	10.90	26.00	22.43	-4.73	30.30	9.60	7.95
Operating Cash Flow Less CapEx to Interest Expense	3.24	11.60	11.31	8.90	24.29	20.29	-6.68	28.40	7.60	6.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.29	1.40	1.45	1.43	1.39	1.49	1.39	1.40	1.46	1.20
Accounts Receivable Turnover	11.95	11.63	12.53	13.91	14.46	12.66	11.07	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	374.30	243.61	204.46	88.16	49.20	47.02	47.02	50.78	63.19	75.82
Accounts Payable Turnover	3.45	3.32	3.29	3.88	6.47	6.45	4.40	5.20	10.58	14.22
Days Sales Outstanding (DSO)	30.56	31.39	29.12	26.25	25.24	28.82	32.98	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	105.66	109.98	110.83	94.02	56.42	56.61	82.88	70.26	34.49	25.67
Cash Conversion Cycle (CCC)	-75.10	-78.58	-81.70	-67.77	-31.18	-27.79	-49.90	-70.26	-34.49	-25.67
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-840	-721	-685	-900	-1,068	-884	-758	-1,149	164	219
Invested Capital Turnover	-6.47	-7.10	-6.19	-4.61	-4.13	-4.70	-3.67	-6.65	15.96	10.22
Increase / (Decrease) in Invested Capital	-119	-36	215	168	-184	-126	391	-1,313	-55	-82
Enterprise Value (EV)	3,579	5,150	2,718	4,455	3,672	2,577	1,809	1,712	1,885	1,560
Market Capitalization	4,488	5,949	4,178	6,236	5,347	3,936	2,942	3,067	1,756	1,349
Book Value per Share	$1.39	$1.54	$12.45	$13.40	$9.11	$6.80	$5.32	$2.96	$0.51	$0.12
Tangible Book Value per Share	($11.05)	($11.01)	$2.41	$8.00	$4.43	$2.45	$0.92	($1.57)	($4.14)	($4.68)
Total Capital	1,078	1,201	1,312	1,376	1,026	914	788	629	494	502
Total Debt	1,009	1,123	537	495	419	439	413	423	459	494
Total Long-Term Debt	934	1,014	537	495	397	417	391	383	422	461
Net Debt	-909	-799	-1,460	-1,781	-1,675	-1,359	-1,133	-1,355	129	211
Capital Expenditures (CapEx)	78	75	56	40	36	45	43	38	40	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,499	-1,397	-1,355	-1,242	-1,434	-1,211	-981	-1,342	-6.00	-35
Debt-free Net Working Capital (DFNWC)	274	224	338	700	312	250	243	274	193	145
Net Working Capital (NWC)	199	115	338	700	290	228	221	234	156	112
Net Nonoperating Expense (NNE)	47	30	29	11	8.38	-1.57	7.97	15	12	9.60
Net Nonoperating Obligations (NNO)	-909	-799	-1,460	-1,781	-1,675	-1,359	-1,133	-1,355	129	211
Total Depreciation and Amortization (D&A)	119	112	102	85	68	56	46	35	39	53
Debt-free, Cash-free Net Working Capital to Revenue	-29.67%	-27.97%	-27.61%	-27.36%	-35.55%	-31.41%	-28.00%	-40.98%	-0.20%	-1.33%
Debt-free Net Working Capital to Revenue	5.42%	4.49%	6.89%	15.42%	7.73%	6.48%	6.94%	8.37%	6.31%	5.47%
Net Working Capital to Revenue	3.94%	2.30%	6.89%	15.42%	7.19%	5.91%	6.31%	7.15%	5.10%	4.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.47	$6.61	$5.66	$5.13	$4.03	$3.04	$2.72	$2.57	$0.88	$0.45
Adjusted Weighted Average Basic Shares Outstanding	50M	57M	63M	66M	67M	70M	70.39M	69.18M	70.16M	70.23M
Adjusted Diluted Earnings per Share	$3.43	$6.56	$5.61	$5.07	$3.99	$2.99	$2.65	$2.49	$0.85	$0.44
Adjusted Weighted Average Diluted Shares Outstanding	50M	57M	64M	67M	68M	71M	72.30M	71.39M	71.97M	72.62M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.53M	50.57M	59.98M	65.70M	65.99M	68.75M	70.17M	70.06M	68.27M	70.71M
Normalized Net Operating Profit after Tax (NOPAT)	220	405	384	349	280	210	200	193	73	42
Normalized NOPAT Margin	4.36%	8.11%	7.82%	7.68%	6.95%	5.46%	5.71%	5.90%	2.38%	1.56%
Pre Tax Income Margin	4.47%	10.03%	9.82%	9.71%	8.85%	7.00%	6.88%	6.11%	3.40%	2.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.65	13.53	13.36	22.75	17.52	12.76	11.41	10.85	6.20	4.16
NOPAT to Interest Expense	3.56	10.12	9.84	17.44	13.35	10.02	9.09	9.66	3.64	2.19
EBIT Less CapEx to Interest Expense	3.39	11.65	11.92	20.75	15.81	10.62	9.45	8.95	4.20	3.16
NOPAT Less CapEx to Interest Expense	2.30	8.25	8.40	15.44	11.64	7.88	7.13	7.76	1.64	1.19
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	21.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	127.17%	299.20%	147.32%	27.81%	65.44%	66.04%	31.77%	24.72%	124.59%	153.13%

This table displays calculated financial ratios and metrics derived from TriNet Group's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.78%	0.68%	1.23%	1.41%	1.44%	5.53%	-1.53%	0.75%	2.30%	1.30%	8.10%
EBITDA Growth	-5.88%	-114.55%	-40.94%	-11.38%	-24.12%	161.90%	1.36%	-24.54%	-12.72%	-59.22%	15.75%
EBIT Growth	-7.26%	-82.39%	-50.00%	-17.53%	-27.81%	103.85%	-3.33%	-18.49%	-17.16%	-14.29%	14.29%
NOPAT Growth	-6.59%	-84.18%	-48.83%	-18.30%	-27.21%	112.87%	-1.98%	-16.82%	-17.41%	-20.30%	14.29%
Net Income Growth	-6.59%	-134.33%	-52.13%	-27.71%	-30.53%	42.55%	22.08%	-2.35%	-10.27%	-31.88%	0.00%
EPS Growth	-3.93%	-131.88%	-45.40%	-13.04%	-17.97%	66.27%	33.61%	2.22%	-1.81%	-19.42%	5.17%
Operating Cash Flow Growth	4.40%	-4.64%	71.82%	-185.42%	-58.44%	38.24%	-124.49%	261.80%	-135.98%	79.91%	-128.16%
Free Cash Flow Firm Growth	-66.67%	-13.31%	-320.41%	-287.74%	212.06%	201.95%	111.67%	255.14%	-206.88%	0.00%	-214.02%
Invested Capital Growth	11.18%	-16.50%	44.53%	47.97%	0.20%	-5.26%	16.21%	-5.73%	29.06%	23.89%	54.33%
Revenue Q/Q Growth	-2.56%	7.19%	0.90%	-3.01%	1.53%	7.77%	1.08%	-2.97%	1.63%	0.56%	3.42%
EBITDA Q/Q Growth	1,000.00%	-118.18%	-19.27%	-27.81%	251.16%	-26.17%	21.14%	-38.19%	342.22%	-71.43%	-9.82%
EBIT Q/Q Growth	310.71%	-51.72%	-27.50%	-34.43%	40.23%	37.07%	19.59%	-42.60%	201.79%	-35.00%	0.84%
NOPAT Q/Q Growth	333.67%	-56.44%	-24.06%	-33.81%	32.09%	40.87%	21.24%	-41.03%	194.40%	-35.13%	2.88%
Net Income Q/Q Growth	469.57%	-151.11%	-25.00%	-34.07%	35.82%	-28.72%	13.25%	-36.64%	178.72%	-38.96%	-9.41%
EPS Q/Q Growth	488.64%	-149.44%	-25.83%	-32.58%	28.99%	-15.34%	18.12%	-36.41%	161.45%	-31.97%	-9.63%
Operating Cash Flow Q/Q Growth	-82.88%	1,890.32%	74.80%	-0.82%	-120.75%	629.09%	-176.39%	287.01%	-115.84%	959.18%	44.94%
Free Cash Flow Firm Q/Q Growth	-78.36%	280.00%	59.20%	-313.19%	-14.69%	357.62%	-65.25%	227.25%	54.39%	47.61%	-361.86%
Invested Capital Q/Q Growth	47.98%	-452.63%	43.49%	45.33%	31.76%	-163.14%	47.00%	-4.87%	28.03%	-109.48%	33.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	94.50%	94.27%	94.02%	93.88%	93.75%	94.23%	93.94%	93.47%	93.74%	93.75%	93.63%
EBITDA Margin	11.15%	-1.21%	7.11%	8.89%	11.95%	8.35%	12.19%	10.17%	15.97%	3.37%	11.85%
Operating Margin	8.90%	2.11%	4.69%	6.53%	9.65%	12.07%	9.49%	8.02%	13.56%	6.25%	9.67%
EBIT Margin	8.90%	2.11%	4.69%	6.53%	9.65%	12.07%	9.49%	8.02%	13.56%	6.25%	9.67%
Profit (Net Income) Margin	6.58%	-1.73%	3.64%	4.89%	7.20%	5.09%	7.69%	6.87%	10.51%	3.77%	6.20%
Tax Burden Percent	73.91%	62.16%	77.59%	74.07%	73.39%	77.91%	75.81%	74.77%	72.78%	74.60%	74.76%
Interest Burden Percent	100.00%	-132.14%	100.00%	101.25%	101.64%	54.09%	106.90%	114.43%	106.51%	80.77%	85.83%
Effective Tax Rate	26.09%	0.00%	22.41%	25.93%	26.61%	22.09%	24.19%	25.23%	27.22%	25.40%	25.24%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	162.14%	235.37%	378.42%	61.48%	69.21%	87.93%	81.99%	40.29%	44.74%	42.87%	45.29%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	11.64%	2.73%	6.96%	9.25%	12.38%	16.90%	15.40%	12.47%	19.20%	9.08%	15.39%
Return on Assets (ROA)	8.60%	-2.24%	5.40%	6.94%	9.23%	7.12%	12.48%	10.67%	14.89%	5.47%	9.87%
Return on Common Equity (ROCE)	162.14%	235.37%	378.42%	61.48%	69.21%	87.93%	81.99%	40.29%	44.74%	42.87%	45.29%
Return on Equity Simple (ROE_SIMPLE)	265.08%	0.00%	203.88%	312.00%	234.27%	0.00%	3,550.00%	36.94%	41.21%	0.00%	44.04%
Net Operating Profit after Tax (NOPAT)	85	20	45	59	90	124	88	73	123	58	90
NOPAT Margin	6.58%	1.48%	3.64%	4.83%	7.08%	9.41%	7.20%	6.00%	9.87%	4.66%	7.23%
Net Nonoperating Expense Percent (NNEP)	0.00%	-4.99%	0.00%	0.08%	0.15%	-5.04%	0.83%	0.78%	0.59%	-0.69%	-0.94%
Return On Investment Capital (ROIC_SIMPLE)	7.94%	1.82%	-	-	-	10.31%	-	-	-	4.44%	-
Cost of Revenue to Revenue	5.50%	5.73%	5.98%	6.12%	6.25%	5.77%	6.06%	6.53%	6.26%	6.25%	6.37%
SG&A Expenses to Revenue	3.56%	6.86%	3.72%	3.83%	3.80%	4.33%	4.17%	4.96%	3.45%	6.09%	5.08%
R&D to Revenue	1.55%	1.21%	1.37%	1.39%	1.42%	1.21%	1.23%	1.41%	1.36%	1.52%	1.45%
Operating Expenses to Revenue	85.60%	92.16%	89.33%	87.36%	84.10%	82.16%	84.45%	85.44%	80.18%	87.50%	83.96%
Earnings before Interest and Taxes (EBIT)	115	28	58	80	122	159	116	97	169	78	120
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	144	-16	88	109	151	110	149	123	199	42	147
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	62.08	65.04	37.24	50.44	46.68	76.27	690.33	6.14	5.84	5.39	5.15
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	18.92	23.14	27.86	15.14
Price to Revenue (P/Rev)	0.77	0.89	0.97	1.02	1.35	1.19	1.41	1.14	0.98	0.85	0.90
Price to Earnings (P/E)	23.42	25.94	18.27	16.17	19.93	15.86	19.45	16.62	14.16	11.77	11.68
Dividend Yield	1.27%	0.83%	0.52%	0.25%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.27%	3.86%	5.47%	6.19%	5.02%	6.30%	5.14%	6.02%	7.06%	8.50%	8.56%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.67	0.71	0.91	0.94	1.22	1.03	1.35	0.85	0.71	0.55	0.66
Enterprise Value to EBITDA (EV/EBITDA)	8.57	8.79	11.72	10.46	13.10	7.89	12.83	8.14	6.31	4.36	5.12
Enterprise Value to EBIT (EV/EBIT)	12.23	12.43	13.04	11.54	14.31	9.52	15.11	9.47	7.53	5.22	6.03
Enterprise Value to NOPAT (EV/NOPAT)	15.89	16.23	17.30	15.35	19.01	12.72	20.35	12.80	10.24	7.08	8.08
Enterprise Value to Operating Cash Flow (EV/OCF)	12.05	12.83	14.50	20.06	12.08	9.55	14.94	8.31	12.90	5.47	10.39
Enterprise Value to Free Cash Flow (EV/FCFF)	21.36	10.54	32.43	82.77	19.07	11.68	24.31	11.79	25.07	16.11	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	15.98	14.62	8.51	10.92	7.83	14.40	109.10	0.54	0.96	0.69	0.58
Long-Term Debt to Equity	14.81	13.54	7.93	10.08	7.07	13.00	109.10	0.54	0.60	0.69	0.58
Financial Leverage	-5.51	-11.62	-4.06	-1.77	-2.02	-2.65	-1.69	-1.60	-1.78	-1.96	-1.63
Leverage Ratio	37.59	53.14	48.17	6.89	7.96	8.37	6.98	3.77	4.57	4.08	3.69
Compound Leverage Factor	37.59	-70.22	48.17	6.98	8.09	4.52	7.46	4.32	4.86	3.29	3.17
Debt to Total Capital	94.11%	93.60%	89.49%	91.61%	88.68%	93.51%	99.09%	35.15%	48.95%	40.93%	36.69%
Short-Term Debt to Total Capital	6.92%	6.96%	6.11%	7.05%	8.63%	9.08%	0.00%	0.00%	18.26%	0.00%	0.00%
Long-Term Debt to Total Capital	87.20%	86.64%	83.37%	84.56%	80.05%	84.43%	99.09%	35.15%	30.69%	40.93%	36.69%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	5.89%	6.40%	10.51%	8.39%	11.32%	6.49%	0.91%	64.85%	51.05%	59.07%	63.31%
Debt to EBITDA	2.53	2.48	2.84	2.44	2.43	1.72	2.11	0.97	1.43	0.86	0.79
Net Debt to EBITDA	-1.26	-2.23	-0.73	-0.83	-1.38	-1.22	-0.55	-2.79	-2.38	-2.34	-1.88
Long-Term Debt to EBITDA	2.34	2.29	2.65	2.26	2.19	1.55	2.11	0.97	0.90	0.86	0.79
Debt to NOPAT	4.69	4.58	4.20	3.59	3.53	2.77	3.35	1.52	2.32	1.40	1.24
Net Debt to NOPAT	-2.33	-4.12	-1.07	-1.21	-2.00	-1.97	-0.87	-4.38	-3.86	-3.80	-2.97
Long-Term Debt to NOPAT	4.35	4.24	3.91	3.31	3.18	2.50	3.35	1.52	1.45	1.40	1.24
Altman Z-Score	1.77	1.64	1.90	1.94	2.15	2.18	2.80	3.18	2.55	2.51	3.07
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.08	1.07	1.07	1.04	1.06	1.05	1.09	1.28	1.18	1.17	1.29
Quick Ratio	0.32	0.25	0.34	0.30	0.32	0.33	0.39	0.55	0.53	0.41	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	30	139	-77	-189	89	160	35	101	-79	-157	-299
Operating Cash Flow to CapEx	593.75%	3,083.33%	-124.00%	-723.53%	-677.78%	2,771.43%	-550.00%	847.06%	-452.94%	2,476.47%	-376.92%
Free Cash Flow to Firm to Interest Expense	0.00	9.24	-5.13	-11.80	5.53	9.40	3.49	16.76	-11.29	-22.40	-13.60
Operating Cash Flow to Interest Expense	0.00	37.00	-2.07	-7.69	-7.63	34.24	-11.00	24.00	-11.00	60.14	-2.23
Operating Cash Flow Less CapEx to Interest Expense	0.00	35.80	-3.73	-8.75	-8.75	33.00	-13.00	21.17	-13.43	57.71	-2.82
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.31	1.29	1.49	1.42	1.28	1.40	1.62	1.55	1.42	1.45	1.59
Accounts Receivable Turnover	10.36	11.95	10.46	11.25	11.44	11.63	12.30	14.08	13.78	12.53	14.28
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	421.92	374.30	331.47	230.56	214.78	243.61	92.51	87.12	86.96	204.46	58.23
Accounts Payable Turnover	2.90	3.45	3.18	3.29	2.44	3.32	2.68	3.02	2.51	3.29	3.10
Days Sales Outstanding (DSO)	35.22	30.56	34.91	32.44	31.92	31.39	29.67	25.92	26.49	29.12	25.56
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	125.78	105.66	114.66	111.06	149.32	109.98	136.43	120.89	145.53	110.83	117.58
Cash Conversion Cycle (CCC)	-90.56	-75.10	-79.76	-78.63	-117.40	-78.58	-106.77	-94.97	-119.05	-81.70	-92.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-437	-840	-152	-269	-492	-721	-274	-517	-493	-685	-327
Invested Capital Turnover	-10.90	-6.47	-23.34	-12.61	-10.03	-7.10	-16.32	-9.79	-8.27	-6.19	-9.38
Increase / (Decrease) in Invested Capital	55	-119	122	248	1.00	-36	53	-28	202	215	389
Enterprise Value (EV)	3,411	3,579	4,523	4,675	6,040	5,150	6,619	4,186	3,496	2,718	3,222
Market Capitalization	3,911	4,488	4,804	5,044	6,675	5,949	6,903	5,618	4,814	4,178	4,405
Book Value per Share	$1.27	$1.39	$2.60	$1.98	$2.80	$1.54	$0.17	$15.40	$13.75	$12.45	$13.78
Tangible Book Value per Share	($10.98)	($11.05)	($10.31)	($10.64)	($9.67)	($11.01)	($10.41)	$5.00	$3.47	$2.41	$4.68
Total Capital	1,070	1,078	1,227	1,192	1,263	1,201	1,101	1,411	1,616	1,312	1,352
Total Debt	1,007	1,009	1,098	1,092	1,120	1,123	1,091	496	791	537	496
Total Long-Term Debt	933	934	1,023	1,008	1,011	1,014	1,091	496	496	537	496
Net Debt	-500	-909	-281	-369	-635	-799	-284	-1,432	-1,318	-1,460	-1,183
Capital Expenditures (CapEx)	16	18	25	17	18	21	20	17	17	17	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,088	-1,499	-841	-955	-1,162	-1,397	-928	-1,155	-1,123	-1,355	-942
Debt-free Net Working Capital (DFNWC)	285	274	240	187	280	224	150	470	689	338	444
Net Working Capital (NWC)	211	199	165	103	171	115	150	470	394	338	444
Net Nonoperating Expense (NNE)	0.00	43	0.00	-0.74	-1.47	57	-6.06	-10	-8.01	11	13
Net Nonoperating Obligations (NNO)	-500	-909	-281	-369	-635	-799	-284	-1,432	-1,318	-1,460	-1,183
Total Depreciation and Amortization (D&A)	29	-44	30	29	29	-49	33	26	30	-36	27
Debt-free, Cash-free Net Working Capital to Revenue	-21.49%	-29.67%	-16.91%	-19.27%	-23.52%	-27.97%	-18.93%	-23.47%	-22.86%	-27.61%	-19.26%
Debt-free Net Working Capital to Revenue	5.63%	5.42%	4.83%	3.77%	5.67%	4.49%	3.06%	9.55%	14.02%	6.89%	9.08%
Net Working Capital to Revenue	4.17%	3.94%	3.32%	2.08%	3.46%	2.30%	3.06%	9.55%	8.02%	6.89%	9.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.72	($0.44)	$0.90	$1.21	$1.80	$1.38	$1.65	$1.40	$2.18	$0.84	$1.23
Adjusted Weighted Average Basic Shares Outstanding	49M	50M	50M	50M	51M	57M	57M	60M	60M	63M	62M
Adjusted Diluted Earnings per Share	$1.71	($0.44)	$0.89	$1.20	$1.78	$1.38	$1.63	$1.38	$2.17	$0.83	$1.22
Adjusted Weighted Average Diluted Shares Outstanding	49M	50M	50M	51M	51M	57M	58M	60M	60M	64M	63M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.40M	49.53M	49.58M	49.67M	50.56M	50.57M	50.51M	59.68M	59.41M	59.98M	62.23M
Normalized Net Operating Profit after Tax (NOPAT)	85	20	45	59	90	124	88	73	123	58	90
Normalized NOPAT Margin	6.58%	1.48%	3.64%	4.83%	7.08%	9.41%	7.20%	6.00%	9.87%	4.66%	7.23%
Pre Tax Income Margin	8.90%	-2.79%	4.69%	6.61%	9.81%	6.53%	10.15%	9.18%	14.45%	5.05%	8.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	1.87	3.87	5.00	7.63	9.35	11.60	16.17	24.14	11.14	5.45
NOPAT to Interest Expense	0.00	1.31	3.00	3.70	5.60	7.29	8.79	12.09	17.57	8.31	4.08
EBIT Less CapEx to Interest Expense	0.00	0.67	2.20	3.94	6.50	8.12	9.60	13.33	21.71	8.71	4.86
NOPAT Less CapEx to Interest Expense	0.00	0.11	1.33	2.64	4.47	6.05	6.79	9.26	15.14	5.88	3.49
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	29.34%	21.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	179.04%	127.17%	63.88%	371.47%	314.63%	299.20%	351.83%	70.71%	77.65%	147.32%	101.59%

Frequently Asked Questions About TriNet Group's Financials

When does TriNet Group's fiscal year end?

According to the most recent income statement we have on file, TriNet Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has TriNet Group's net income changed over the last 9 years?

TriNet Group's net income appears to be on an upward trend, with a most recent value of $173 million in 2024, rising from $32 million in 2015. The previous period was $375 million in 2023. View TriNet Group's forecast to see where analysts expect TriNet Group to go next.

What is TriNet Group's operating income?

TriNet Group's total operating income in 2024 was $288 million, based on the following breakdown:

Total Gross Profit: $4.75 billion
Total Operating Expenses: $4.46 billion

How has TriNet Group revenue changed over the last 9 years?

Over the last 9 years, TriNet Group's total revenue changed from $2.66 billion in 2015 to $5.05 billion in 2024, a change of 90.0%.

How much debt does TriNet Group have?

TriNet Group's total liabilities were at $4.05 billion at the end of 2024, a 12.0% increase from 2023, and a 94.3% increase since 2015.

How much cash does TriNet Group have?

In the past 9 years, TriNet Group's cash and equivalents has ranged from $166.18 million in 2015 to $612 million in 2021, and is currently $360 million as of their latest financial filing in 2024.

How has TriNet Group's book value per share changed over the last 9 years?

Over the last 9 years, TriNet Group's book value per share changed from 0.12 in 2015 to 1.39 in 2024, a change of 1,106.1%.

Related Companies

This page (NYSE:TNET) was last updated on 5/28/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

TriNet Group (TNET) Financials

Frequently Asked Questions About TriNet Group's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

TriNet Group (TNET) Financials

Annual Income Statements for TriNet Group

Quarterly Income Statements for TriNet Group

Annual Cash Flow Statements for TriNet Group

Quarterly Cash Flow Statements for TriNet Group

Annual Balance Sheets for TriNet Group

Quarterly Balance Sheets for TriNet Group

Annual Metrics And Ratios for TriNet Group

Quarterly Metrics And Ratios for TriNet Group

Frequently Asked Questions About TriNet Group's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools