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Earnings transcript
Read the complete earnings call transcript.
TNET
TriNet Group, Inc.
$47.82
1.07
(2.29%)
| Exchange: | NYSE |
| Market Cap: | 2.197B |
| Shares Outstanding: | 65.419M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Staffing & Employment Services | |||||
| CEO: | Michael Quinn Simonds | |||||
| Full Time Employees: | 343025 | |||||
| Address: |
| |||||
| Website: | https://www.trinet.com |
TriNet Group, Inc. empowers small and medium-sized enterprises across the United States by delivering essential human resources (HR) services, comprehensive payroll solutions, employee benefits administration, and proactive employment risk management. Their suite of offerings includes seamless multi-state payroll processing and tax oversight, diverse employee welfare programs such as health coverage and retirement savings, workers’ compensation insurance alongside claims resolution, compliance assistance for employment and benefits regulations, and a broad spectrum of additional HR support. TriNet caters to a diverse clientele spanning sectors like technology, professional services, financial services, life sciences, non-profit organizations, property management, retail, manufacturing, and hospitality. The company’s solutions are exclusively disseminated through its internal direct sales organization. Established in 1988, TriNet Group, Inc. maintains its corporate headquarters in Dublin, California.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,922,000 | 5,053,000 | 5,010,000 |
| Gross Profit | 1,102,000 | 952,000 | 870,000 |
| EBITDA | 662,000 | 374,000 | 365,000 |
| Operating Income | 469,000 | 288,000 | 266,000 |
| Net Income | 375,000 | 173,000 | 155,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 3,693,000 | 4,119,000 | 3,797,000 |
| Total Liabilities | 3,615,000 | 4,050,000 | 3,743,000 |
| Total Stockholders Equity | 78,000 | 69,000 | 54,000 |
| Total Debt | 1,137,000 | 1,022,000 | 47,000 |
| Cash and Cash Equivalents | 287,000 | 360,000 | 287,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 545,000 | 279,000 | 303,000 |
| Capital Expenditure | -75,000 | 2,000 | 3,000 |
| Free Cash Flow | 470,000 | 281,000 | 306,000 |
| Net Income | 375,000 | 173,000 | 155,000 |
| Net Change in Cash | -71,000 | 225,000 | 211,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,164,791.136 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,174,360.885 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,169,576.011 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 121,319.380 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 122,316.122 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 121,817.751 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 273,497.285 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 279,690.725 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 276,594.005 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 111,779.297 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 112,697.659 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 112,238.478 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 5.760 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 5.830 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 5.700 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Stable Revenue Performance: TriNet reported flat total revenue for Q2 2025 year-over-year, indicating resilience in maintaining core business operations amidst market fluctuations, as highlighted in the latest earnings call transcript.
- Operational Efficiency Focus: The company is actively working on improving operational efficiencies, as noted in the Q2 2025 earnings call, which could enhance profitability margins over time.
- Strong Industry Positioning: TriNet benefits from operating within a competitive industry and sector, with performance metrics (perf1w, perf1m, etc.) suggesting alignment with or outperformance of industry averages in specific periods, supported by data from industry and sector performance columns.
- Positive Free Cash Flow: Historical data from cash flow statements indicates consistent free cash flow generation (freeCashFlow), providing financial flexibility for reinvestment or debt management.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates TNET intrinsic value between $61.99 – $82.69 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about TNET valuation
Is TriNet Group, Inc. (TNET) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for TriNet Group, Inc. (TNET) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is TNET a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether TNET trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is TNET’s P/E ratio?
You can see TNET’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for TNET?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is TNET a good long-term investment?
Whether TNET fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
TNET
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
2.29
Trading Metrics:
| Open: | 46.65 | Previous Close: | 46.75 | |
| Day Low: | 46.29 | Day High: | 48.3 | |
| Year Low: | 33.61 | Year High: | 83.36 | |
| Price Avg 50: | 41.23 | Price Avg 200: | 52.98 | |
| Volume: | 351916 | Average Volume: | 455353 |
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Login — it's freeTNET full analysis
Welcome to MARKETSNAP’s SWOT analysis for TriNet! If you’re a long-term investor looking to build wealth and grow your portfolio, you’ve come to the right place. Today, we’re diving deep into TriNet, a company that might not be a household name for everyone, so let’s start with a quick snapshot of who they are and what they do, before we unpack the latest developments and get into the nitty-gritty of their strengths, weaknesses, opportunities, and threats. For those unfamiliar, TriNet…
