TNETNYSEServices-Business Services, NECFiscal year ends December 31
TRINET GROUP, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$69.09−1.61 (-2.28%)
Close on Oct 19, 2026
- Market cap
- $3.18B
- P/E (TTM)
- 18.5
- Dividend yield
- 0.40%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
–
Net margin
3.1%−3.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -0.9% | +0.7% | +4.4% | +6.5% | |
| Net income | -10.4% | -24.1% | -10.6% | +17.1% | |
| EPS, diluted | -6.7% | -17.1% | -4.3% | +21.9% | |
| Free cash flow | +16.4% | -19.0% | -14.4% | +5.9% | |
| Dividend per share | +10.0% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 283.7% | 50.3% | 252.0% | |
| Return on assets | 2.9% | 9.4% | 3.9% | |
| Current ratio | 1.11 | 1.16 | 1.09 | |
| Debt to equity | 13.10 | 0.61 | 16.57 | |
| Net debt to EBITDA | -4.75× | – | – | |
| Capex to revenue | 1.3% | 0.9% | 1.4% | |
| Diluted shares | 72M | 68M | 49M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Trinet generated $1.84B from operations and spent $2.51B on capital expenditure, dividends and share buybacks. 13% of that went back into the business.
Generated
$1.84B
Used
$2.51B
Capital expenditure$318.00M13%Dividends$89.00M4%Share buybacks$2.11B84%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.1%
×Asset turnover1.27×
×Equity multiplier64.36×
=Return on equity, FY2025252.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.1% | 1.27× | 64.36× | 252.0% |
| FY2024 | 3.4% | 1.29× | 53.14× | 235.4% |
| FY2023 | 7.5% | 1.40× | 8.37× | 87.9% |
| FY2022 | 7.2% | 1.45× | 4.08× | 42.9% |
| FY2021 | 7.4% | 1.43× | 4.27× | 45.4% |
| FY2020 | 6.7% | 1.39× | 5.35× | 50.3% |
| FY2019 | 5.5% | 1.49× | 6.10× | 49.9% |
| FY2018 | 5.5% | 1.39× | 8.65× | 66.1% |
| FY2017 | 5.4% | 1.40× | 19.45× | 147.7% |
| FY2016 | 2.0% | 1.46× | 97.38× | 283.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$155.00M
- Cash generatingOperating cash flow above zero$303.00M
- Return on assets improvedROA up on the prior year4.7% → 3.8%
- Earnings backed by cashOperating cash flow above net income$303.00M vs $155.00M
- Less leverageLong-term debt to assets fell22.0% → 23.6%
- Better liquidityCurrent ratio rose1.07 → 1.09
- No dilutionShare count did not rise50M → 49M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.37 → 1.22