TriNet Group, Inc. logo TNET - TriNet Group, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 3
HOLD 10
SELL 1
STRONG
SELL 0
| PRICE TARGET: $68.50 DETAILS
HIGH: $75.00
LOW: $62.00
MEDIAN: $68.50
CONSENSUS: $68.50
UPSIDE: 60.12%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue
Revenue 5,010 5,053 4,922 4,885 4,540 4,034 3,856 3,503 3,275 3,060.3 2,659.3 2,193.5 1,644.3 1,019.1 840.4
Cost of Revenue 4,140 4,101 3,820 3,766 3,603 3,241 3,172 2,839 2,679 2,604.2 2,263.1 1,820.6 1,333.2 813.6 710.5
Gross Profit 870 952 1,102 1,119 937 793 684 664 596 456.1 396.2 373.0 311.0 205.5 129.9
Operating Expenses
R&D Expenses 71 68 65 73 50 40 43 49 45 31.4 27.6 26.1 19.9 16.7 15.6
SG&A Expenses 470 521 496 483 378 338 327 324 301 265.4 236.4 193.9 161.6 97.8 69.5
Other Expenses 63 75 72 64 54 47 46 40 3 0.8 1.1 0.5 0.5 0.1 0.1
Operating Expenses 604 664 633 620 482 425 416 413 379 332.2 317.9 286.2 244.7 143.6 106.7
Operating Income
Operating Income 266 288 469 499 455 368 268 251 217 124.0 78.3 86.8 66.3 61.8 20.8
Interest Expense 56 62 40 39 20 21 21 22 20 20 19 54.2 45.7 9.7 0.8
Interest Income 35 64 72 22 6 10 23 12 3 0 0 0 0 0 0
Profitability
EBITDA 365 374 662 610 520 446 358 303 253 153 133.0 171.7 129.9 91.0 42.5
EBIT 279 288 541 521 461 399 312 251 217 124.7 79 86.8 66.8 61.9 20.9
Income Before Tax 217 226 501 482 441 357 270 241 200 104.5 60.0 33.1 21.1 52.2 20.2
Income Tax Expense 62 53 126 127 103 85 58 49 22 43.0 28.3 17.6 7.9 20.3 5.4
Net Income 155 173 375 355 338 272 212 192 178 61.4 31.7 15.5 13.1 31.8 14.8
Per Share Data
EPS (Basic) 3.19 3.46 6.58 5.66 5.12 4.06 3.03 2.73 2.57 0.88 0.45 0.24 0.05 0.49 0.23
EPS (Diluted) 3.16 3.43 6.58 5.61 5.07 4.00 2.99 2.66 2.49 0.85 0.44 0.22 0.05 0.46 0.21
Shares Outstanding 48 50 57 63 66 67 70 70.4 69.2 70.2 70.2 56.2 68.3 65.4 65.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Current Assets
Cash & Cash Equivalents 1,981 360 287 354 612 301 1,393 228 336 184.0
Short-Term Investments 0 0 65 76 135 57 68 54 0 0
Net Receivables 284 381 465 394 339 264 294 315 318 0
Inventory 0 0 0 0 0 1,451 0 990 (290) 0
Other Current Assets 521 2,375 1,694 1,431 1,286 24 64 1,001 1,299 1,151.5
Total Current Assets 2,868 3,180 2,578 2,326 2,439 2,160 1,871 1,646 1,991 1,535.4
Non-Current Assets
Property, Plant & Equipment 47 34 41 55 66 130 140 79 70 58.6
Goodwill 461 461 462 462 294 294 289 289 289 289.2
Intangible Assets 153 156 172 163 61 18 15 21 26 31.1
Long-Term Investments 128 145 143 151 168 138 337 135 39 (60.5)
Other Non-Current Assets 140 143 297 286 281 303 96 265 176 149.0
Total Non-Current Assets 929 939 1,115 1,117 870 883 877 789 602 559.8
Total Assets 3,797 4,119 3,693 3,443 3,309 3,043 2,748 2,435 2,593 2,095.1
Current Liabilities
Account Payables 86 89 87 98 86 50 31 45 45 22.5
Short-Term Debt 10 75 109 0 0 22 39 22 40 36.6
Deferred Revenue 0 0 65 106 97 134 0 56 1,658 1,306.9
Other Current Liabilities 1,737 889 0 228 229 0 954 56 66 12.6
Total Current Liabilities 2,637 2,981 2,463 1,988 1,739 1,870 1,643 1,425 1,757 1,378.6
Non-Current Liabilities
Long-Term Debt 932 908 984 496 495 348 369 391 383 422.5
Deferred Tax Liabilities 55 11 13 8 11 22 61 68 68 92.4
Other Non-Current Liabilities 82 124 125 135 142 147 152 176 179 167.1
Total Non-Current Liabilities 1,106 1,069 1,152 680 689 566 630 635 630 682.0
Total Liabilities 3,743 4,050 3,615 2,668 2,428 2,436 2,273 2,060 2,387 2,060.6
Stockholders' Equity
Common Stock 1,135 1,056 976 899 808 747 694 641 583 535.1
Retained Earnings (1,081) (984) (896) (119) 74 (144) (219) (266) (377) (499.9)
Accumulated Other Comprehensive Income 0 (3) (2) (5) (1) 4 0 (130) (104) (0.6)
Total Stockholders' Equity 54 69 78 775 881 607 475 375 206 34.6
Total Liabilities & Equity 3,797 4,119 3,693 3,443 3,309 3,043 2,748 2,435 2,593 2,095.1
Debt Metrics
Total Debt 979 1,022 1,137 552 547 430 456 413 423 459.1
Net Debt (1,002) 662 850 198 (65) 129 (937) 185 87 275.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Operating Activities
Net Income 155 173 375 355 338 272 212 192 178 61.4
Depreciation & Amortization 73 86 121 126 94 81 57 46 35 39.2
Stock-Based Compensation 65 65 59 62 50 43 41 44 32 26.5
Change in Working Capital (89) (115) (22) 12 (260) 188 153 (387) 33 (19.7)
Other Non-Cash Items 54 72 7 29 5 4 15 142 85 (4.6)
Operating Cash Flow 303 279 545 562 218 546 471 (104) 253 144.5
Investing Activities
Capital Expenditure 3 (78) (75) (56) (40) (36) (45) (43) (38) (39.6)
Acquisitions 1 0 0 (229) 40 (12) 47 46 0 (0.3)
Purchases of Investments (78) (190) (276) (410) (444) (327) (302) (258) 0 (15.0)
Sales/Maturities of Investments 103 421 286 469 349 224 159 101 14 27.8
Other Investing Activities (72) 0 (5) 0 (40) 0 (47) (46) 14 13
Investing Cash Flow (43) 153 (70) (226) (135) (151) (188) (200) (24) (27.1)
Financing Activities
Net Debt Issuance (90) (110) 600 0 130 (22) (22) (16) (38) (37)
Stock Repurchased (183) (183) (1,122) (523) (94) (178) (140) (61) (44) (71.6)
Dividends Paid (52) (37) 0 0 0 0 0 0 0 0
Other Financing Activities 265 111 (39) (24) (35) 10 (25) 14 (11) 13.6
Financing Cash Flow (49) (207) (546) (536) 12 (208) (176) (85) (77) (99.4)
Cash Position
Net Change in Cash 211 225 (71) (201) 95 187 107 (389) 152 17.8
Cash at Beginning 1,691 1,466 1,537 1,738 1,643 1,456 1,349 1,738 184 166.2
Cash at End 1,902 1,691 1,466 1,537 1,738 1,643 1,456 1,349 336 184.0
Free Cash Flow 306 201 470 506 178 510 426 (147) 215 104.9
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Income Statement
Revenue 5,010 5,053 4,922 4,885 4,540 4,034 3,856 3,503 3,275 3,060.3 2,659.3 2,193.5 1,644.3 1,019.1 840.4
Gross Profit 870 952 1,102 1,119 937 793 684 664 596 456.1 396.2 373.0 311.0 205.5 129.9
Operating Income 266 288 469 499 455 368 268 251 217 124.0 78.3 86.8 66.3 61.8 20.8
Net Income 155 173 375 355 338 272 212 192 178 61.4 31.7 15.5 13.1 31.8 14.8
EPS (Diluted) 3.16 3.43 6.58 5.61 5.07 4.00 2.99 2.66 2.49 0.85 0.44 0.22 0.05 0.46 0.21
Balance Sheet
Cash & Equivalents 1,981 360 287 354 612 301 1,393 228 336 184.0
Total Assets 3,797 4,119 3,693 3,443 3,309 3,043 2,748 2,435 2,593 2,095.1
Total Debt 979 1,022 1,137 552 547 430 456 413 423 459.1
Stockholders' Equity 54 69 78 775 881 607 475 375 206 34.6
Cash Flow
Operating Cash Flow 303 279 545 562 218 546 471 (104) 253 144.5
Capital Expenditure 3 (78) (75) (56) (40) (36) (45) (43) (38) (39.6)
Free Cash Flow 306 201 470 506 178 510 426 (147) 215 104.9