Balance Sheet TriNet Group, Inc.

Equities

TNET

US8962881079

Employment Services

Market Closed - Nyse Other stock markets 04:00:02 2026-03-06 pm EST			5-day change	1st Jan Change
39.01 ^USD	+2.93%		+2.44%	-34.03%

Mar. 03	Basware Oy Appoints Donna Wilczek as Chief Product and Technology Officer	CI
Feb. 13	Truist Cuts Price Target on TriNet Group to $50 From $62, Keeps Hold Rating	MT

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Published financial data: TRINET GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	4.54B	4.88B	4.92B	4.99B	4.94B
Total Revenues	4.54B	4.88B	4.92B	4.99B	4.94B
Cost of Goods Sold, Total	3.6B	3.77B	3.82B	4.1B	4.12B
Gross Profit	937M	1.12B	1.1B	888M	819M
Selling General & Admin Expenses, Total	378M	446M	479M	472M	465M
R&D Expenses	50M	73M	65M	68M	71M
Depreciation & Amortization - (IS)	47M	64M	72M	75M	66M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses, Total	475M	583M	616M	615M	602M
Operating Income	462M	536M	486M	273M	217M
Interest Expense, Total	-20M	-22M	-40M	-62M	-56M
Interest And Investment Income	6M	22M	72M	64M	67M
Net Interest Expenses	-14M	0	32M	2M	11M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	448M	536M	518M	275M	228M
Restructuring Charges	-	-	-	-49M	-11M
Merger & Related Restructuring Charges	-	-37M	-17M	-	-
Gain (Loss) On Sale Of Investments	-	-17M	-	-	-
Asset Writedown	-7M	-	-	-	-
EBT, Incl. Unusual Items	441M	482M	501M	226M	217M
Income Tax Expense	103M	127M	126M	53M	62M
Earnings From Continuing Operations	338M	355M	375M	173M	155M
Net Income to Company	338M	355M	375M	173M	155M
Net Income - (IS)	338M	355M	375M	173M	155M
Net Income to Common Incl Extra Items	338M	355M	375M	173M	155M
Net Income to Common Excl. Extra Items	338M	355M	375M	173M	155M
Per Share Items
Net EPS - Basic	5.12	5.63	6.58	3.46	3.23
Basic EPS - Continuing Operations	5.12	5.63	6.58	3.46	3.23
Basic Weighted Average Shares Outstanding	66M	63M	57M	50M	48M
Net EPS - Diluted	5.07	5.61	6.56	3.43	3.2
Diluted EPS - Continuing Operations	5.07	5.61	6.56	3.43	3.2
Diluted Weighted Average Shares Outstanding	67M	64M	57M	50M	49M
Normalized Basic EPS	4.24	5.32	5.68	3.44	2.97
Normalized Diluted EPS	4.18	5.23	5.68	3.44	2.91
Dividend Per Share	-	-	-	1	1.1
Payout Ratio	-	-	-	21.39	33.55
Supplemental Items
EBITDA	511M	602M	525M	307M	236M
EBITA	467M	590M	516M	300M	231M
EBIT	462M	536M	486M	273M	217M
EBITDAR	524M	617M	536M	322M	248M
Total Revenues (As Reported)	4.54B	4.88B	4.92B	5.05B	5.01B
Effective Tax Rate - (Ratio)	23.36	26.35	25.15	23.45	28.57
Current Domestic Taxes	114M	148M	120M	54M	16M
Current Foreign Taxes	1M	-	2M	-	2M
Total Current Taxes	115M	148M	122M	54M	18M
Deferred Domestic Taxes	-10M	-23M	4M	-1M	43M
Deferred Foreign Taxes	-2M	2M	-	-	1M
Total Deferred Taxes	-12M	-21M	4M	-1M	44M
Normalized Net Income	280M	335M	324M	172M	142M
Supplemental Operating Expense Items
Advertising Expense	21M	29M	37M	20M	19M
Selling and Marketing Expenses	202M	242M	285M	289M	269M
General and Administrative Expenses	176M	204M	194M	183M	196M
Research And Development Expense From Footnotes	33M	35M	42M	48M	52M
Net Rental Expense, Total	13M	15M	11M	15M	12M
Imputed Operating Lease Interest Expense	4.26M	4.8M	4.17M	6.89M	5.47M
Imputed Operating Lease Depreciation	8.74M	10.2M	6.83M	8.11M	6.53M
Stock-Based Comp., COGS (Total)	12M	13M	14M	16M	15M
Stock-Based Comp., R&D Exp. (Total)	3M	4M	4M	6M	6M
Stock-Based Comp., S&M Exp. (Total)	6M	7M	8M	12M	11M
Stock-Based Comp., G&A Exp. (Total)	29M	38M	33M	31M	33M
Total Stock-Based Compensation	50M	62M	59M	65M	65M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	612M	354M	287M	360M	287M
Short Term Investments	135M	76M	65M	-	-
Total Cash And Short Term Investments	747M	430M	352M	360M	287M
Accounts Receivable, Total	339M	394M	465M	32M	20M
Other Receivables	-	-	-	349M	264M
Total Receivables	339M	394M	465M	381M	284M
Prepaid Expenses	67M	71M	67M	64M	82M
Restricted Cash	1.1B	1.15B	1.15B	1.3B	1.59B
Other Current Assets, Total	189M	278M	540M	1.07B	629M
Total Current Assets	2.44B	2.33B	2.58B	3.18B	2.87B
Gross Property Plant And Equipment	352M	105M	96M	71M	76M
Accumulated Depreciation	-231M	-50M	-55M	-37M	-29M
Net Property Plant And Equipment	121M	55M	41M	34M	47M
Long-term Investments	168M	151M	143M	-	-
Goodwill	294M	462M	462M	461M	461M
Other Intangibles, Total	6M	163M	172M	156M	153M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	281M	286M	297M	288M	268M
Total Assets	3.31B	3.44B	3.69B	4.12B	3.8B
Liabilities
Accounts Payable, Total	86M	98M	87M	89M	86M
Accrued Expenses, Total	1.54B	1.77B	2.19B	2.73B	2.48B
Short-term Borrowings	-	-	109M	-	-
Current Portion of Long-Term Debt	-	-	-	75M	-
Current Portion of Leases	11M	15M	14M	13M	10M
Other Current Liabilities	97M	106M	65M	76M	57M
Total Current Liabilities	1.74B	1.99B	2.46B	2.98B	2.64B
Long-Term Debt	495M	496M	984M	908M	895M
Long-Term Leases	41M	41M	30M	26M	37M
Deferred Tax Liability Non Current	11M	8M	13M	11M	55M
Other Non Current Liabilities	142M	135M	125M	124M	119M
Total Liabilities	2.43B	2.67B	3.62B	4.05B	3.74B
Common Stock, Total	808M	899M	976M	1.06B	1.14B
Retained Earnings	74M	-119M	-896M	-984M	-1.08B
Comprehensive Income and Other	-1M	-5M	-2M	-3M	-
Total Common Equity	881M	775M	78M	69M	54M
Total Equity	881M	775M	78M	69M	54M
Total Liabilities And Equity	3.31B	3.44B	3.69B	4.12B	3.8B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	65.7M	59.98M	50.57M	49.53M	47.3M
ECS Total Common Shares Outstanding	65.97M	60.56M	50.66M	49.53M	47.38M
Book Value / Share	13.35	12.8	1.54	1.39	1.14
Tangible Book Value	581M	150M	-556M	-548M	-560M
Tangible Book Value Per Share	8.81	2.48	-10.97	-11.06	-11.82
Total Debt	547M	552M	1.14B	1.02B	942M
Net Debt	-200M	-29M	642M	662M	655M
Debt Equivalent Oper. Leases	104M	120M	88M	120M	96M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	48M	52M	51M	32M	27M
Full Time Employees	368K	352K	351K	364K	327K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	338M	355M	375M	173M	155M
Depreciation & Amortization - CF	56M	37M	18M	18M	12M
Amortization of Goodwill and Intangible Assets - (CF)	5M	54M	30M	27M	14M
Depreciation & Amortization, Total	61M	91M	48M	45M	26M
Amortization of Deferred Charges, Total - (CF)	33M	35M	82M	92M	101M
(Gain) Loss From Sale Of Asset	-	6M	1M	-	-
(Gain) Loss on Sale of Investments - (CF)	3M	19M	1M	-1M	-
Asset Writedown & Restructuring Costs	-	-	-	25M	5M
Stock-Based Compensation (CF)	50M	62M	59M	65M	65M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	-	2M	3M	2M	-
Other Operating Activities, Total	-7M	-20M	-2M	-7M	40M
Change In Accounts Receivable	-75M	-51M	-74M	-2M	-
Change In Accounts Payable	33M	-13M	-8M	-7M	-4M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-218M	76M	60M	-106M	-85M
Cash from Operations	218M	562M	545M	279M	303M
Capital Expenditure	-40M	-56M	-75M	-78M	-69M
Cash Acquisitions	-	-229M	-	-	-
Divestitures	-	-	-	-	1M
Investment in Marketable and Equity Securities, Total	-	59M	5M	231M	-
Other Investing Activities, Total	-95M	-	-	-	25M
Cash from Investing	-135M	-226M	-70M	153M	-43M
Short Term Debt Issued, Total	-	-	695M	-	-
Long-Term Debt Issued, Total	500M	-	400M	-	-
Total Debt Issued	500M	-	1.1B	-	-
Short Term Debt Repaid, Total	-	-	-495M	-	-90M
Long-Term Debt Repaid, Total	-370M	-	-	-110M	-
Total Debt Repaid	-370M	-	-495M	-110M	-90M
Issuance of Common Stock	11M	11M	15M	12M	11M
Repurchase of Common Stock	-120M	-547M	-1.15B	-211M	-199M
Common Dividends Paid	-	-	-	-37M	-52M
Common & Preferred Stock Dividends Paid	-	-	-	-37M	-52M
Other Financing Activities, Total	-9M	-	-9M	139M	281M
Cash from Financing	12M	-536M	-546M	-207M	-49M
Foreign Exchange Rate Adjustments	-	-1M	-	-	-
Net Change in Cash	95M	-201M	-71M	225M	211M
Supplemental Items
Cash Interest Paid	12M	18M	25M	59M	52M
Cash Income Tax Paid (Refund)	129M	128M	114M	76M	27M
Levered Free Cash Flow	381M	494M	430M	215M	197M
Unlevered Free Cash Flow	394M	508M	455M	254M	232M
Change In Net Working Capital	-1M	-41M	-37M	41M	27M
Net Debt Issued / Repaid	130M	-	600M	-110M	-90M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	9.09	9.92	8.51	4.37	3.43
Return on Total Capital	23.43	24.32	23.9	14.8	13
Return On Equity %	45.43	42.87	87.92	235.37	252.03
Return on Common Equity	45.43	42.87	87.92	235.37	252.03
Margin Analysis
Gross Profit Margin %	20.64	22.91	22.39	17.8	16.57
SG&A Margin	8.33	9.13	9.73	9.46	9.41
EBITDA Margin %	11.26	12.32	10.67	6.15	4.77
EBITA Margin %	10.29	12.08	10.48	6.01	4.67
EBIT Margin %	10.18	10.97	9.87	5.47	4.39
Income From Continuing Operations Margin %	7.44	7.27	7.62	3.47	3.14
Net Income Margin %	7.44	7.27	7.62	3.47	3.14
Net Avail. For Common Margin %	7.44	7.27	7.62	3.47	3.14
Normalized Net Income Margin	6.17	6.86	6.58	3.44	2.88
Levered Free Cash Flow Margin	8.4	10.12	8.73	4.31	3.98
Unlevered Free Cash Flow Margin	8.67	10.4	9.24	5.08	4.69
Asset Turnover
Asset Turnover	1.43	1.45	1.38	1.28	1.25
Fixed Assets Turnover	36.18	80.74	102.54	133.04	122.05
Receivables Turnover (Average Receivables)	15.06	13.33	11.46	199.56	190.12
Short Term Liquidity
Current Ratio	1.4	1.17	1.05	1.07	1.09
Quick Ratio	0.62	0.41	0.33	0.25	0.22
Operating Cash Flow to Current Liabilities	0.13	0.28	0.22	0.09	0.11
Days Sales Outstanding (Average Receivables)	24.24	27.38	31.85	1.83	1.92
Average Days Payable Outstanding	6.89	8.92	8.84	7.85	7.74
Long Term Solvency
Total Debt/Equity	62.09	71.23	1.46K	1.48K	1.74K
Total Debt / Total Capital	38.31	41.6	93.58	93.68	94.58
LT Debt/Equity	60.84	69.29	1.3K	1.35K	1.73K
Long-Term Debt / Total Capital	37.54	40.47	83.46	85.61	93.57
Total Liabilities / Total Assets	73.38	77.49	97.89	98.32	98.58
EBIT / Interest Expense	23.1	24.36	12.15	4.4	3.88
EBITDA / Interest Expense	26.2	28.05	13.4	5.19	4.43
(EBITDA - Capex) / Interest Expense	24.2	25.5	11.52	3.94	3.2
Total Debt / EBITDA	1.04	0.89	2.12	3.17	3.8
Net Debt / EBITDA	-0.38	-0.05	1.2	2.06	2.64
Total Debt / (EBITDA - Capex)	1.13	0.98	2.47	4.19	5.26
Net Debt / (EBITDA - Capex)	-0.41	-0.05	1.39	2.71	3.66
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	12.54	7.6	0.76	1.36	-0.92
Gross Profit, 1 Yr. Growth %	18.16	19.42	-1.52	-19.42	-7.77
EBITDA, 1 Yr. Growth %	26.49	17.81	-8.7	-41.52	-23.13
EBITA, 1 Yr. Growth %	25.2	15.23	-8.67	-41.86	-23
EBIT, 1 Yr. Growth %	25.54	16.02	-9.33	-43.83	-20.51
Earnings From Cont. Operations, 1 Yr. Growth %	24.26	5.03	5.63	-53.87	-10.4
Net Income, 1 Yr. Growth %	24.26	5.03	5.63	-53.87	-10.4
Normalized Net Income, 1 Yr. Growth %	25.49	19.64	-3.36	-46.91	-17.09
Diluted EPS Before Extra, 1 Yr. Growth %	27.07	10.65	16.93	-47.71	-6.71
Accounts Receivable, 1 Yr. Growth %	28.41	16.22	18.02	77.78	-37.5
Net Property, Plant and Equip., 1 Yr. Growth %	-6.92	-16.67	-25.45	-17.07	38.24
Total Assets, 1 Yr. Growth %	8.74	4.05	7.26	11.54	-7.82
Tangible Book Value, 1 Yr. Growth %	96.95	-71.48	-470.67	-1.44	2.19
Common Equity, 1 Yr. Growth %	45.14	-12.03	-89.94	-11.54	-21.74
Cash From Operations, 1 Yr. Growth %	-60.07	157.8	-3.02	-48.24	8.6
Capital Expenditures, 1 Yr. Growth %	11.11	40	33.93	4	-11.54
Levered Free Cash Flow, 1 Yr. Growth %	16.63	29.64	-14.94	-50	-8.49
Unlevered Free Cash Flow, 1 Yr. Growth %	15.81	29.02	-12.38	-44.23	-8.67
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	10
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.51	10.04	4.12	1.06	0.21
Gross Profit, 2 Yr. CAGR %	17.04	18.79	8.45	-10.92	-13.79
EBITDA, 2 Yr. CAGR %	31.39	22.07	3.3	-26.93	-32.95
EBITA, 2 Yr. CAGR %	30.79	20.55	3.36	-27.13	-33.09
EBIT, 2 Yr. CAGR %	31.3	20.69	2.56	-28.63	-33.18
Earnings From Cont. Operations, 2 Yr. CAGR %	26.27	14.24	5.33	-30.19	-35.71
Net Income, 2 Yr. CAGR %	26.27	14.24	5.33	-30.19	-35.71
Normalized Net Income, 2 Yr. CAGR %	28.81	22.53	7.53	-28.37	-33.66
Diluted EPS Before Extra, 2 Yr. CAGR %	30.22	18.58	13.75	-21.81	-30.16
Accounts Receivable, 2 Yr. CAGR %	7.38	22.16	17.12	-71.5	5.41
Net Property, Plant and Equip., 2 Yr. CAGR %	-7.03	-34.96	-21.18	-21.38	7.07
Total Assets, 2 Yr. CAGR %	9.73	6.37	5.64	9.38	1.4
Tangible Book Value, 2 Yr. CAGR %	84.33	-28.69	2.81	91.14	0.36
Common Equity, 2 Yr. CAGR %	36.19	12.99	-70.25	-70.16	-16.8
Cash From Operations, 2 Yr. CAGR %	-31.97	1.45	58.11	-25.08	-25.02
Capital Expenditures, 2 Yr. CAGR %	-5.72	24.72	36.93	18.02	-4.08
Levered Free Cash Flow, 2 Yr. CAGR %	38.63	22.97	4.54	-34.79	-32.36
Unlevered Free Cash Flow, 2 Yr. CAGR %	36.44	22.23	5.87	-30.09	-28.63
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.03	8.2	6.86	3.19	0.39
Gross Profit, 3 Yr. CAGR %	12.16	17.83	11.59	-1.77	-9.88
EBITDA, 3 Yr. CAGR %	23.24	26.7	9.13	-14.55	-25.68
EBITA, 3 Yr. CAGR %	22.19	29.29	8.32	-14.68	-25.78
EBIT, 3 Yr. CAGR %	22.55	25.99	9.71	-16.08	-26.02
Earnings From Cont. Operations, 3 Yr. CAGR %	20.75	18.75	11.3	-20.01	-24.14
Net Income, 3 Yr. CAGR %	20.75	18.75	11.3	-20.01	-24.14
Normalized Net Income, 3 Yr. CAGR %	22.96	25.68	13.21	-15.01	-24.79
Diluted EPS Before Extra, 3 Yr. CAGR %	24.14	23.34	18.03	-12.21	-17.07
Accounts Receivable, 3 Yr. CAGR %	2.48	10.25	20.77	-54.47	-62.97
Net Property, Plant and Equip., 3 Yr. CAGR %	15.27	-26.76	-31.93	-19.84	-5.1
Total Assets, 3 Yr. CAGR %	10.76	7.81	6.67	7.57	3.32
Tangible Book Value, 3 Yr. CAGR %	107.53	-4.27	23.52	1.38	55.13
Common Equity, 3 Yr. CAGR %	32.94	17.73	-49.54	-57.22	-58.85
Cash From Operations, 3 Yr. CAGR %	27.98	6.06	-0.06	8.57	-15.21
Capital Expenditures, 3 Yr. CAGR %	-2.38	7.56	27.72	24.93	7.21
Levered Free Cash Flow, 3 Yr. CAGR %	31.64	35.57	9.55	-18.25	-26.99
Unlevered Free Cash Flow, 3 Yr. CAGR %	29.6	33.92	10.18	-14.5	-23.58
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.21	8.33	7.04	5.29	4.15
Gross Profit, 5 Yr. CAGR %	15.49	13.43	10.66	5.36	0.65
EBITDA, 5 Yr. CAGR %	27.28	20.7	13.97	0.73	-10.19
EBITA, 5 Yr. CAGR %	27.24	21.59	15.05	1.9	-10.67
EBIT, 5 Yr. CAGR %	30.09	19.82	14.13	0.37	-10.02
Earnings From Cont. Operations, 5 Yr. CAGR %	40.84	14.81	14.33	-3.98	-10.64
Net Income, 5 Yr. CAGR %	40.84	14.81	14.33	-3.98	-10.64
Normalized Net Income, 5 Yr. CAGR %	33.92	21.79	16.54	0.37	-8.58
Diluted EPS Before Extra, 5 Yr. CAGR %	42.93	17.64	19.88	2.78	-4.32
Accounts Receivable, 5 Yr. CAGR %	-	4.38	8.1	-35.83	-40.31
Net Property, Plant and Equip., 5 Yr. CAGR %	15.45	-4.71	-12.29	-24.65	-18.41
Total Assets, 5 Yr. CAGR %	9.57	5.83	8.69	8.43	4.53
Tangible Book Value, 5 Yr. CAGR %	15.31	6.59	53.61	26.23	13.68
Common Equity, 5 Yr. CAGR %	90.63	30.34	-26.95	-32.01	-38.36
Cash From Operations, 5 Yr. CAGR %	2.57	-1.5	39.27	-9.94	-11.11
Capital Expenditures, 5 Yr. CAGR %	0	8.06	11.77	11.63	13.9
Levered Free Cash Flow, 5 Yr. CAGR %	44.64	17.24	20.79	1.61	-9.67
Unlevered Free Cash Flow, 5 Yr. CAGR %	40.19	16.61	20.25	3.7	-7.39