TriNet Group (TNET) Financials

$78.41 -1.31 (-1.64%)

As of 01:58 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	32	61	178	192	212	272	338	355	375	173
Consolidated Net Income / (Loss)	32	61	178	192	212	272	338	355	375	173
Net Income / (Loss) Continuing Operations	32	61	178	192	212	272	338	355	375	173
Total Pre-Tax Income	60	104	200	241	270	357	441	482	501	226
Total Operating Income	78	124	217	251	268	368	455	521	541	288
Total Gross Profit	2,480	2,870	3,062	3,274	3,611	3,772	4,276	4,604	4,687	4,749
Total Revenue	2,659	3,060	3,275	3,503	3,856	4,034	4,540	4,907	4,994	5,053
Operating Revenue	2,659	3,060	3,275	3,503	3,856	4,034	4,540	4,907	4,994	5,053
Total Cost of Revenue	179	190	213	229	245	262	264	303	307	304
Operating Cost of Revenue	179	190	213	229	245	262	264	303	307	304
Total Operating Expenses	2,402	2,746	2,845	3,023	3,343	3,404	3,821	4,083	4,146	4,461
Selling, General & Admin Expense	69	92	114	142	137	152	176	241	211	232
Marketing Expense	2,279	2,588	2,653	2,792	3,117	3,165	3,541	3,705	3,798	4,086
Research & Development Expense	-	31	45	49	43	40	50	73	65	68
Depreciation Expense	15	35	33	40	46	47	54	64	72	75
Total Other Income / (Expense), net	-18	-20	-17	-10	2.00	-11	-14	-39	-40	-62
Interest Expense	19	20	20	22	21	21	20	39	40	62
Income Tax Expense	28	43	22	49	58	85	103	127	126	53
Basic Earnings per Share	$0.45	$0.88	$2.57	$2.72	$3.04	$4.03	$5.13	$5.66	$6.61	$3.47
Weighted Average Basic Shares Outstanding	70.23M	70.16M	69M	70M	70M	67M	66M	63M	57M	50M
Diluted Earnings per Share	$0.44	$0.85	$2.49	$2.65	$2.99	$3.99	$5.07	$5.61	$6.56	$3.43
Weighted Average Diluted Shares Outstanding	72.62M	71.97M	71M	72M	71M	68M	67M	64M	57M	50M
Weighted Average Basic & Diluted Shares Outstanding	70.40M	69.30M	69.30M	80M	68.75M	65.99M	65.70M	59.98M	50.57M	49.53M

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	77	47	131	83	94	67	91	60	45	-23
Consolidated Net Income / (Loss)	77	47	131	83	94	67	91	60	45	-23
Net Income / (Loss) Continuing Operations	77	47	131	83	94	67	91	60	45	-23
Total Pre-Tax Income	103	63	180	111	124	86	124	81	58	-37
Total Operating Income	120	78	169	97	116	159	122	80	58	28
Total Gross Profit	1,162	1,170	1,168	1,130	1,148	1,241	1,185	1,151	1,163	1,250
Total Revenue	1,241	1,248	1,246	1,209	1,222	1,317	1,264	1,226	1,237	1,326
Operating Revenue	1,241	1,248	1,246	1,209	1,222	1,317	1,264	1,226	1,237	1,326
Total Cost of Revenue	79	78	78	79	74	76	79	75	74	76
Operating Cost of Revenue	79	78	78	79	74	76	79	75	74	76
Total Operating Expenses	1,042	1,092	999	1,033	1,032	1,082	1,063	1,071	1,105	1,222
Selling, General & Admin Expense	63	76	43	60	51	57	48	47	46	91
Marketing Expense	944	979	921	938	949	990	979	988	1,023	1,096
Research & Development Expense	18	19	17	17	15	16	18	17	17	16
Depreciation Expense	17	18	18	18	17	19	18	19	19	19
Total Other Income / (Expense), net	-17	-15	11	14	8.00	-73	2.00	1.00	0.00	-65
Interest Expense	22	7.00	7.00	6.00	10	17	16	16	15	15
Income Tax Expense	26	16	49	28	30	19	33	21	13	-14
Basic Earnings per Share	$1.23	$0.84	$2.18	$1.40	$1.65	$1.38	$1.80	$1.21	$0.90	($0.44)
Weighted Average Basic Shares Outstanding	62M	63M	60M	60M	57M	57M	51M	50M	50M	50M
Diluted Earnings per Share	$1.22	$0.83	$2.17	$1.38	$1.63	$1.38	$1.78	$1.20	$0.89	($0.44)
Weighted Average Diluted Shares Outstanding	63M	64M	60M	60M	58M	57M	51M	51M	50M	50M
Weighted Average Basic & Diluted Shares Outstanding	62.23M	59.98M	59.41M	59.68M	50.51M	50.57M	50.56M	49.67M	49.58M	49.53M

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-70	320	100	-164	-559	552	-199	-273	-46	743
Net Cash From Operating Activities	-49	421	-77	144	-110	582	-122	-123	-31	555
Net Cash From Continuing Operating Activities	-49	421	-77	144	-110	582	-122	-123	-31	555
Net Income / (Loss) Continuing Operations	77	48	131	83	94	67	91	61	44	-23
Consolidated Net Income / (Loss)	77	48	131	83	94	67	91	61	44	-23
Amortization Expense	27	-36	30	26	33	-49	29	29	30	-44
Non-Cash Adjustments To Reconcile Net Income	-66	122	-161	205	-133	164	3.00	1.00	-521	621
Changes in Operating Assets and Liabilities, net	-87	223	-77	-170	-104	328	-245	-214	416	-74
Net Cash From Investing Activities	-14	-21	-23	-8.00	-26	-13	-47	-2.00	24	178
Net Cash From Continuing Investing Activities	-14	-21	-23	-8.00	-26	-13	-47	-2.00	24	178
Purchase of Property, Plant & Equipment	-13	-17	-17	-17	-20	-21	-18	-17	-25	-18
Purchase of Investments	-180	-73	-82	-88	-56	-55	-95	-44	-22	-29
Sale and/or Maturity of Investments	215	79	76	97	50	63	66	59	71	225
Net Cash From Financing Activities	-7.00	-79	200	-300	-423	-17	-30	-148	-39	10
Net Cash From Continuing Financing Activities	-7.00	-79	200	-300	-423	-17	-30	-148	-39	10
Repayment of Debt	-	-	-200	-295	-9.00	-	0.00	-25	-	-85
Repurchase of Common Equity	-1.00	-140	-91	-7.00	-1,011	-13	-23	-112	-20	-28
Payment of Dividends	-	-	0.00	-	-	-	-	-	-12	-12
Issuance of Common Equity	1.00	5.00	-	-	2.00	6.00	-	-	-1.00	6.00
Other Financing Activities, net	-7.00	56	-4.00	-5.00	-5.00	-10	-7.00	-5.00	-6.00	129
Cash Interest Paid	9.00	-	11	1.00	9.00	4.00	26	4.00	25	4.00
Cash Income Taxes Paid	23	68	4.00	54	31	25	7.00	55	5.00	9.00

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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,079	3,736	3,290	2,966	3,968	3,703	3,729
Total Current Assets	1,965	2,629	2,177	1,853	2,840	2,566	2,605
Cash & Equivalents	454	707	482	170	298	177	251
Restricted Cash	837	1,016	1,074	833	1,059	893	780
Short-Term Investments	95	89	69	75	85	72	50
Accounts Receivable	372	386	381	425	478	500	526
Prepaid Expenses	63	85	72	75	79	76	64
Other Current Assets	144	346	99	275	841	848	934
Plant, Property, & Equipment, net	90	31	29	16	15	14	14
Total Noncurrent Assets	1,024	1,076	1,084	1,097	1,113	1,123	1,110
Long-Term Investments	293	297	303	297	313	319	298
Goodwill	462	462	462	462	462	462	462
Intangible Assets	103	155	156	169	174	176	179
Other Noncurrent Operating Assets	166	162	163	169	164	166	171
Total Liabilities & Shareholders' Equity	3,079	3,736	3,290	2,966	3,968	3,703	3,729
Total Liabilities	2,223	2,911	2,375	2,956	3,825	3,603	3,600
Total Current Liabilities	1,521	2,235	1,707	1,703	2,669	2,463	2,440
Short-Term Debt	-	295	-	-	109	84	75
Accounts Payable	122	130	100	109	122	85	82
Accrued Expenses	578	585	607	641	704	740	759
Customer Deposits	54	131	78	73	51	70	39
Current Employee Benefit Liabilities	732	1,061	897	855	1,662	1,464	1,464
Other Current Liabilities	35	33	25	25	21	20	21
Total Noncurrent Liabilities	702	676	668	1,253	1,156	1,140	1,160
Long-Term Debt	496	496	496	1,091	984	984	993
Capital Lease Obligations	-	-	-	-	27	24	30
Noncurrent Deferred & Payable Income Tax Liabilities	29	9.00	7.00	5.00	13	13	18
Noncurrent Employee Benefit Liabilities	129	127	122	122	120	107	107
Other Noncurrent Operating Liabilities	48	44	43	35	12	12	12
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	856	825	915	10	143	100	129
Total Preferred & Common Equity	856	825	915	10	143	100	129
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	856	825	915	10	143	100	129
Common Stock	878	910	934	953	996	1,021	1,037
Retained Earnings	-17	-83	-13	-935	-848	-916	-910
Accumulated Other Comprehensive Income / (Loss)	-5.00	-2.00	-6.00	-8.00	-5.00	-5.00	2.00

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

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

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

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

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.

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%.

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This page (NYSE:TNET) was last updated on 4/15/2025 by MarketBeat.com Staff

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TriNet Group (TNET) Financials

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TriNet Group (TNET) Financials

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