TriNet vs WEX
TNET and WEX side by side, both in miscellaneous business services. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How TNET and WEX compare
WEX is the larger company, worth 2.0 times as much as TriNet ($6.0B against $3.0B).
On earnings, WEX is cheaper: it trades at 15.6× trailing earnings, against 17.9× for TriNet.
WEX grew revenue faster over the last twelve months (9.7% versus −4.2% for TriNet).
WEX keeps more of each dollar of sales as profit, with a net margin of 14.0% compared with 3.6% at TriNet.
TriNet pays a dividend yielding 1.7%; WEX does not pay one.
WEX scores higher on the StockData Score (13 against 10 for TriNet), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | TNET | WEX |
|---|---|---|
| Size and price | ||
| Market cap | $3.0B | $6.0B |
| Share price | $65.88 | $181.53 |
| Change, 1 year | 18.6% | 25.8% |
| Change, 5 years | −37.7% | 33.3% |
| Beta (5Y) | 0.88 | 1.03 |
| Employees | 3,400 | 6,600 |
| StockData Score | ||
| Total score | 10 | 13 (better) |
| Valuation score | 2 | 5 (better) |
| Growth score | 1 | 3 (better) |
| Performance score | 2 | 4 (better) |
| Health score | 2 (better) | 1 |
| Dividend score | 3 (better) | 0 |
| Valuation | ||
| P/E | 17.9× | 15.6× (better) |
| P/S | 0.6× (better) | 2.1× |
| P/B | 22.7× | 5.2× (better) |
| EV/EBITDA | – | 5.9× |
| P/FCF | 10.6× | – |
| PEG | – | 0.67 |
| FCF yield | 9.5% (better) | −5.2% |
| Fair value | $76.79 | $312.31 |
| Margin of safety | 14.2% | 41.9% (better) |
| Growth | ||
| Revenue growth (TTM) | −4.2% | 9.7% (better) |
| Revenue growth, 5Y average | 4.4% | 11.3% (better) |
| Net income growth (TTM) | 29.3% | 42.6% (better) |
| EPS growth (TTM) | 36.8% | 51.3% (better) |
| EPS growth, 5Y average | −4.3% | – |
| Profitability | ||
| Gross margin | – | 60.4% |
| Operating margin | – | 26.6% |
| Net margin | 3.6% | 14.0% (better) |
| FCF margin | 5.9% (better) | −10.8% |
| Return on equity | 142% (better) | 35.6% |
| Return on invested capital | – | 46.4% |
| Financial health | ||
| Debt / equity | 6.74 | 4.62 (better) |
| Net debt / EBITDA | – | 0.05 |
| Current ratio | 1.14 (better) | 1.03 |
| Altman Z-score | 1.65 (better) | 0.83 |
| Piotroski F-score | 5 | 6 (better) |
| Dividends and buybacks | ||
| Dividend yield | 1.7% | – |
| Payout ratio | 30.8% | – |
| Years of dividend growth | 2 | – |
| Buyback yield | 5.1% (better) | 4.5% |
| Shareholder yield | 6.9% (better) | 4.5% |
| Ownership | ||
| Held by institutions | 95.9% | 121% |
| Held by insiders | 48.4% | 11.1% |
| Insider net buying, 12 months | −$641K (better) | −$54.3M |
| Short interest, % of float | 7.3% | 9.2% |
Go deeper
- TNET stock overview
- TNET income statement
- TNET valuation and score
- WEX stock overview
- WEX income statement
- WEX valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.