Trinet Group, Inc. - Understand $tnet stock

$TNET Market Cap: $4.656 Billion

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Financial Snapshot

Revenue

$4.972B

TTM

Gross Margin

19.64%

TTM

Net Earnings

$263.0M

TTM

Current Assets

$2.605B

Q3 2024

Current Liabilities

$2.440B

Q3 2024

Current Ratio

106.76%

Q3 2024

Total Assets

$3.729B

Q3 2024

Total Liabilities

$3.600B

Q3 2024

Book Value

$129.0M

Q3 2024

Cash

$251.0M

Q3 2024

P/E

17.70

Nov 29, 2024 EST

Free Cash Flow

$231.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	1999	1998	1997	1996
Revenue	$4.922B	$4.885B	$4.540B	$4.034B	$3.856B	$3.503B	$3.275B	$3.060B	$2.659B	$2.194B	$1.644B	$1.019B	$840.4M	$906.2M	$719.4M	$417.6M	$19.10M	$12.40M	$7.700M	$3.100M
YoY Change	0.76%	7.6%	12.54%	4.62%	10.08%	6.96%	7.03%	15.08%	21.22%	33.4%	61.35%	21.26%	-7.26%	25.97%	72.27%		54.03%	61.04%	148.39%	24.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	1999	1998	1997	1996
Revenue	$4.922B	$4.885B	$4.540B	$4.034B	$3.856B	$3.503B	$3.275B	$3.060B	$2.659B	$2.194B	$1.644B	$1.019B	$840.4M	$906.2M	$719.4M	$417.6M	$19.10M	$12.40M	$7.700M	$3.100M
Cost Of Revenue	$3.820B	$3.766B	$3.603B	$3.241B	$3.172B	$2.839B	$213.0M	$190.0M	$151.0M	$134.3M	$106.7M	$813.6M	$710.5M	$785.7M	$612.6M	$348.0M	$10.10M	$6.400M	$4.100M	$1.700M
Gross Profit	$1.102B	$1.119B	$937.0M	$793.0M	$684.0M	$664.0M	$3.062B	$2.870B	$2.508B	$2.059B	$1.538B	$205.5M	$129.9M	$120.5M	$106.8M	$69.50M	$9.000M	$6.000M	$3.600M	$1.400M
Gross Profit Margin	22.39%	22.91%	20.64%	19.66%	17.74%	18.96%	93.5%	93.79%	94.32%	93.88%	93.51%	20.17%	15.46%	13.3%	14.85%	16.64%	47.12%	48.39%	46.75%	45.16%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	1999	1998	1997	1996
Selling, General & Admin	$496.0M	$483.0M	$378.0M	$338.0M	$327.0M	$324.0M	$301.0M	$266.0M	$236.0M	$193.9M	$161.6M	$97.80M	$69.50M	$74.80M	$74.50M	$39.00M	$2.500M	$1.800M	$800.0K	$600.0K
YoY Change	2.69%	27.78%	11.83%	3.36%	0.93%	7.64%	13.16%	12.71%	21.7%	19.97%	65.27%	40.72%	-7.09%	0.4%	91.03%		38.89%	125.0%	33.33%	0.0%
% of Gross Profit	45.01%	43.16%	40.34%	42.62%	47.81%	48.8%	9.83%	9.27%	9.41%	9.42%	10.51%	47.59%	53.5%	62.07%	69.76%	56.12%	27.78%	30.0%	22.22%	42.86%
Research & Development	$65.00M	$73.00M	$50.00M	$40.00M	$43.00M	$49.00M	$45.00M	$31.00M	$27.60M	$26.10M	$19.90M	$16.70M	$15.60M	$15.00M	$9.900M	$7.200M	$2.400M	$700.0K	$500.0K	$200.0K
YoY Change	-10.96%	46.0%	25.0%	-6.98%	-12.24%	8.89%	45.16%	12.32%	5.75%	31.16%	19.16%	7.05%	4.0%	51.52%	37.5%		242.86%	40.0%	150.0%	0.0%
% of Gross Profit	5.9%	6.52%	5.34%	5.04%	6.29%	7.38%	1.47%	1.08%	1.1%	1.27%	1.29%	8.13%	12.01%	12.45%	9.27%	10.36%	26.67%	11.67%	13.89%	14.29%
Depreciation & Amortization	$9.000M	$10.00M	$42.00M	$42.00M	$41.00M	$35.00M	$28.00M	$19.00M	$15.00M	$13.84M	$11.74M	$11.68M	$20.30M	$29.80M	$23.50M	$5.900M	$700.0K	$600.0K	$200.0K	$100.0K
YoY Change	-10.0%	-76.19%	0.0%	2.44%	17.14%	25.0%	47.37%	26.67%	8.36%	17.94%	0.52%	-42.48%	-31.88%	26.81%	298.31%		16.67%	200.0%	100.0%	0.0%
% of Gross Profit	0.82%	0.89%	4.48%	5.3%	5.99%	5.27%	0.91%	0.66%	0.6%	0.67%	0.76%	5.68%	15.63%	24.73%	22.0%	8.49%	7.78%	10.0%	5.56%	7.14%
Operating Expenses	$561.0M	$556.0M	$428.0M	$378.0M	$370.0M	$373.0M	$346.0M	$297.0M	$236.0M	$193.9M	$161.6M	$143.6M	$106.7M	$119.9M	$107.8M	$52.10M	$8.800M	$4.300M	$2.700M	$1.600M
YoY Change	0.9%	29.91%	13.23%	2.16%	-0.8%	7.8%	16.5%	25.85%	21.7%	19.97%	12.56%	34.58%	-11.01%	11.22%	106.91%		104.65%	59.26%	68.75%	14.29%
Operating Profit	$469.0M	$499.0M	$455.0M	$368.0M	$268.0M	$251.0M	$217.0M	$124.0M	$78.00M	$86.79M	$66.34M	$61.83M	$23.20M	$600.0K	-$1.000M	$17.40M	$200.0K	$1.700M	$900.0K	-$200.0K
YoY Change	-6.01%	9.67%	23.64%	37.31%	6.77%	15.67%	75.0%	58.97%	-10.13%	30.83%	7.29%	166.5%	3766.67%	-160.0%	-105.75%		-88.24%	88.89%	-550.0%	-60.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	1999	1998	1997	1996
Interest Expense	$32.00M	-$17.00M	-$14.00M	-$11.00M	$2.000M	-$10.00M	-$17.00M	-$19.50M	-$18.30M	-$53.70M	-$45.30M	-$9.700M	-$600.0K	-$4.400M	-$3.700M	-$1.000M	$100.0K	$0.00	$0.00	$0.00
YoY Change	-288.24%	21.43%	27.27%	-650.0%	-120.0%	-41.18%	-12.82%	6.56%	-65.92%	18.54%	367.01%	1516.67%	-86.36%	18.92%	270.0%
% of Operating Profit	6.82%	-3.41%	-3.08%	-2.99%	0.75%	-3.98%	-7.83%	-15.73%	-23.46%	-61.87%	-68.29%	-15.69%	-2.59%	-733.33%		-5.75%	50.0%	0.0%	0.0%
Other Income/Expense, Net							$3.000M	$0.00	$1.000M	$478.0K	$471.0K	$57.00K
YoY Change								-100.0%	109.21%	1.49%	726.32%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	1999	1998	1997	1996
Pretax Income	$501.0M	$482.0M	$441.0M	$357.0M	$270.0M	$241.0M	$200.0M	$104.0M	$60.00M	$33.08M	$21.08M	$52.18M	$20.20M	-$9.700M	$12.40M	$16.50M	$300.0K	$1.800M	$1.000M	-$200.0K
YoY Change	3.94%	9.3%	23.53%	32.22%	12.03%	20.5%	92.31%	73.33%	81.4%	56.88%	-59.59%	158.3%	-308.25%	-178.23%	-24.85%		-83.33%	80.0%	-600.0%	-60.0%
Income Tax	$126.0M	$127.0M	$103.0M	$85.00M	$58.00M	$49.00M	$22.00M	$43.00M	$28.00M	$17.58M	$7.937M	$20.34M	$5.400M	-$900.0K	-$5.400M	$7.100M	$400.0K	$800.0K	$200.0K	$0.00
% Of Pretax Income	25.15%	26.35%	23.36%	23.81%	21.48%	20.33%	11.0%	41.35%	46.67%	53.15%	37.64%	38.99%	26.73%		-43.55%	43.03%	133.33%	44.44%	20.0%
Net Earnings	$375.0M	$355.0M	$338.0M	$272.0M	$212.0M	$192.0M	$178.0M	$61.00M	$32.00M	$15.50M	$13.15M	$31.83M	$14.80M	-$8.800M	$17.80M	$9.500M	-$100.0K	$1.000M	$800.0K	-$200.0K
YoY Change	5.63%	5.03%	24.26%	28.3%	10.42%	7.87%	191.8%	90.63%	106.49%	17.87%	-58.7%	115.08%	-268.18%	-149.44%	87.37%		-110.0%	25.0%	-500.0%	-60.0%
Net Earnings / Revenue	7.62%	7.27%	7.44%	6.74%	5.5%	5.48%	5.44%	1.99%	1.2%	0.71%	0.8%	3.12%	1.76%	-0.97%	2.47%	2.27%	-0.52%	8.06%	10.39%	-6.45%
Basic Earnings Per Share	$6.61	$5.66	$5.13	$4.03	$3.04	$2.72	$2.57	$0.88	$0.45	$0.24	$0.26	$0.66
Diluted Earnings Per Share	$6.56	$5.61	$5.07	$3.99	$2.99	$2.65	$2.49	$0.85	$0.44	$0.22	$0.24	$0.63	$277.7K	-$165.1K	$334.0K	$178.2K	-$15.87K	$151.5K	$222.2K	-$60.61K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	1999	1998
Cash & Short-Term Investments	$352.0M	$430.0M	$747.0M	$358.0M	$281.0M	$282.0M	$336.0M	$184.0M	$166.2M	$134.3M	$94.40M	$63.70M	$31.60M	$0.00	$900.0K
YoY Change	-18.14%	-42.44%	108.66%	27.4%	-0.35%	-16.07%	82.61%	10.71%	23.75%	42.27%	48.19%	101.58%		-100.0%
Cash & Equivalents	$287.0M	$354.0M	$612.0M	$301.0M	$213.0M	$228.0M	$336.0M	$184.0M	$166.2M	$134.3M	$94.40M	$63.70M	$31.60M	$0.00	$900.0K
Short-Term Investments	$65.00M	$76.00M	$135.0M	$57.00M	$68.00M	$54.00M	$0.00
Other Short-Term Assets	$1.761B	$1.502B	$1.353B	$1.538B	$1.296B	$1.049B	$1.337B	$1.053B	$1.183B	$1.481B	$804.2M	$438.3M	$203.6M	$19.90M	$8.700M
YoY Change	17.24%	11.01%	-12.03%	18.67%	23.55%	-21.54%	26.93%	-10.97%	-20.13%	84.18%	83.48%	115.28%		128.74%
Inventory
Prepaid Expenses
Receivables	$465.0M	$394.0M	$339.0M	$264.0M	$294.0M	$315.0M	$318.0M	$298.0M	$218.9M	$208.8M				$8.400M	$6.300M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00				$0.00	$0.00
Total Short-Term Assets	$2.578B	$2.326B	$2.439B	$2.160B	$1.871B	$1.646B	$1.991B	$1.535B	$1.568B	$1.824B	$898.5M	$502.0M	$235.2M	$28.30M	$16.00M
YoY Change	10.83%	-4.63%	12.92%	15.45%	13.67%	-17.33%	29.67%	-2.09%	-14.04%	103.04%	78.98%	113.44%		76.88%
Property, Plant & Equipment	$41.00M	$55.00M	$121.0M	$130.0M	$140.0M	$79.00M	$70.00M	$58.60M	$37.80M	$32.30M	$25.70M	$24.40M	$17.40M	$8.000M	$4.000M
YoY Change	-25.45%	-54.55%	-6.92%	-7.14%	77.22%	12.86%	19.45%	55.03%	17.03%	25.68%	5.33%	40.23%		100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$143.0M	$151.0M	$168.0M	$138.0M	$125.0M	$135.0M	$0.00
YoY Change	-5.3%	-10.12%	21.74%	10.4%	-7.41%
Other Assets	$297.0M	$286.0M	$281.0M	$303.0M	$308.0M	$265.0M	$217.0M	$149.0M	$121.3M	$88.60M	$62.20M	$40.40M	$22.00M	$100.0K	$100.0K
YoY Change	3.85%	1.78%	-7.26%	-1.62%	16.23%	22.12%	45.64%	22.84%	36.91%	42.44%	53.96%	83.64%		0.0%
Total Long-Term Assets	$1.115B	$1.117B	$870.0M	$883.0M	$877.0M	$789.0M	$602.0M	$559.7M	$524.2M	$523.5M	$536.2M	$385.7M	$100.2M	$8.100M	$4.100M
YoY Change	-0.18%	28.39%	-1.47%	0.68%	11.15%	31.06%	7.56%	6.77%	0.13%	-2.37%	39.02%	284.93%		97.56%
Total Assets	$3.693B	$3.443B	$3.309B	$3.043B	$2.748B	$2.435B	$2.593B	$2.095B	$2.092B	$2.348B	$1.435B	$887.7M	$335.4M	$36.40M	$20.10M
YoY Change
Accounts Payable	$87.00M	$98.00M	$86.00M	$50.00M	$31.00M	$45.00M	$59.00M	$22.50M	$12.90M	$12.30M	$7.300M	$5.300M	$4.400M	$700.0K	$400.0K
YoY Change	-11.22%	13.95%	72.0%	61.29%	-31.11%	-23.73%	162.22%	74.42%	4.88%	68.49%	37.74%	20.45%		75.0%
Accrued Expenses	$2.192B	$1.767B	$1.538B	$1.646B	$1.537B	$1.283B	$1.581B	$1.190B	$1.309B	$1.583B	$26.30M	$15.90M	$11.30M	$19.40M	$8.600M
YoY Change	24.05%	14.89%	-6.56%	7.09%	19.8%	-18.85%	32.91%	-9.14%	-17.27%	5917.11%	65.41%	40.71%		125.58%
Deferred Revenue
YoY Change
Short-Term Debt	$109.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$600.0K	$0.00
YoY Change
Long-Term Debt Due			$0.00	$22.00M	$22.00M	$22.00M	$40.00M	$36.60M	$33.00M	$20.70M	$6.700M	$9.800M	$1.400M	$600.0K	$0.00
YoY Change			-100.0%	0.0%	0.0%	-45.0%	9.29%	10.91%	59.42%	208.96%	-31.63%	600.0%
Total Short-Term Liabilities	$2.463B	$1.988B	$1.739B	$1.870B	$1.643B	$1.425B	$1.757B	$1.379B	$1.456B	$1.769B	$833.5M	$474.6M	$208.8M	$28.20M	$15.00M
YoY Change	23.89%	14.32%	-7.01%	13.82%	15.3%	-18.9%	27.45%	-5.3%	-17.7%	112.21%	75.62%	127.3%		88.0%
Long-Term Debt	$984.0M	$496.0M	$495.0M	$348.0M	$369.0M	$391.0M	$383.0M	$422.5M	$461.0M	$524.4M	$812.2M	$291.5M	$300.0K	$1.800M	$0.00
YoY Change	98.39%	0.2%	42.24%	-5.69%	-5.63%	2.09%	-9.35%	-8.35%	-12.09%	-35.43%	178.63%	97066.67%
Other Long-Term Liabilities	$155.0M	$176.0M	$183.0M	$196.0M	$200.0M	$176.0M	$179.0M	$167.1M	$113.0M	$80.40M	$50.50M	$46.20M	$32.70M
YoY Change	-11.93%	-3.83%	-6.63%	-2.0%	13.64%	-1.68%	7.12%	47.88%	40.55%	59.21%	9.31%	41.28%
Total Long-Term Liabilities	$1.139B	$672.0M	$678.0M	$544.0M	$569.0M	$567.0M	$562.0M	$589.6M	$574.0M	$604.8M	$862.7M	$337.7M	$33.00M	$1.800M	$0.00
YoY Change	69.49%	-0.88%	24.63%	-4.39%	0.35%	0.89%	-4.68%	2.72%	-5.09%	-29.89%	155.46%	923.33%
Total Liabilities	$3.615B	$2.668B	$2.428B	$2.436B	$2.273B	$2.060B	$2.387B	$2.061B	$2.084B	$2.374B	$1.705B	$830.4M	$241.8M	$31.10M	$15.50M
YoY Change	35.49%	9.88%	-0.33%	7.17%	10.34%	-13.7%	15.84%	-1.14%	-12.18%	39.2%	105.33%	243.42%		100.65%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	57.00M shares	63.00M shares	66.00M shares	67.00M shares	70.00M shares	70.00M shares	69.00M shares	70.16M shares	70.00M shares	56.16M shares	12.35M shares	9.805M
Diluted Shares Outstanding	57.00M shares	64.00M shares	67.00M shares	68.00M shares	71.00M shares	72.00M shares	71.00M shares	72.00M shares	72.62M shares	59.57M shares	15.73M shares	12.48M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $4.6557 Billion

About TRINET GROUP, INC.

TriNet Group, Inc. engages in the provision of comprehensive human resources solutions for small and medium-size businesses. The company is headquartered in Dublin California, California and currently employs 3,700 full-time employees. The company went IPO on 2014-03-27. The firm offers access to human capital expertise, benefits, risk mitigation, compliance, payroll, and research and development (R&D) tax credit services, all enabled by technology. Its suite of products also includes services and software-based solutions to help streamline workflows by connecting HR, benefits, employee engagement, payroll and time and attendance. The company offers six industry-tailored vertical PEO services: TriNet Financial Services, TriNet Life Sciences, TriNet Main Street, TriNet Nonprofit, TriNet Professional Services and TriNet Technology. The firm's HRIS services primarily consists of its self-directed, cloud based HRIS software solution and provides the option to add tools, such as payroll processing and benefits management.

Industry: Services-Business Services, NEC Peers: INSPERITY, INC. Alight, Inc. / Delaware ASGN Inc FIRST ADVANTAGE CORP ROBERT HALF INC. KORN FERRY ManpowerGroup Inc. Sterling Check Corp. UPWORK, INC