What is Trinet Group Inc's earnings per share (EPS)?

Trinet Group Inc (TNET) reported diluted earnings per share of $3.20 for fiscal year 2025. This represents a -6.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Trinet Group Inc Financials

TNET

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Trinet Group Inc (TNET) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 37/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Trinet Group Inc's revenue declined 0.9% year-over-year, from $5.1B to $5.0B. This contraction results in a growth score of 32/100.

Leverage

Trinet Group Inc has elevated debt relative to equity (D/E of 16.57), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Trinet Group Inc's current ratio of 1.09 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 17/100, which could limit financial flexibility.

Cash Flow

Trinet Group Inc has a free cash flow margin of 4.7%, earning a moderate score of 37/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

100

Trinet Group Inc earns a strong 287.0% return on equity (ROE), meaning it generates $287 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 250.7% the prior year.

Piotroski F-Score Neutral

6/9

Trinet Group Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.95x

For every $1 of reported earnings, Trinet Group Inc generates $1.95 in operating cash flow ($303.0M OCF vs $155.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5.0B

YoY-0.9%

5Y CAGR+4.4%

10Y CAGR+6.5%

Trinet Group Inc generated $5.0B in revenue in fiscal year 2025. This represents a decrease of 0.9% from the prior year.

EBITDA

N/A

Net Income

$155.0M

YoY-10.4%

5Y CAGR-10.6%

10Y CAGR+17.1%

Trinet Group Inc reported $155.0M in net income in fiscal year 2025. This represents a decrease of 10.4% from the prior year.

EPS (Diluted)

$3.20

YoY-6.7%

5Y CAGR-4.3%

10Y CAGR+21.9%

Trinet Group Inc earned $3.20 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 6.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$234.0M

YoY+16.4%

5Y CAGR-14.4%

10Y CAGR+5.9%

Trinet Group Inc generated $234.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 16.4% from the prior year.

Cash & Debt

$287.0M

YoY-20.3%

5Y CAGR-0.9%

10Y CAGR+5.6%

Trinet Group Inc held $287.0M in cash against $895.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.28

YoY+10.0%

Trinet Group Inc paid $0.28 per share in dividends in fiscal year 2025. This represents an increase of 10.0% from the prior year.

Shares Outstanding

47M

YoY-4.5%

5Y CAGR-6.4%

10Y CAGR-3.9%

Trinet Group Inc had 47M shares outstanding in fiscal year 2025. This represents a decrease of 4.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

3.1%

YoY-0.3pp

5Y CAGR-3.7pp

10Y CAGR+1.9pp

Trinet Group Inc's net profit margin was 3.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.3 percentage points from the prior year.

Return on Equity

287.0%

YoY+36.3pp

5Y CAGR+242.2pp

10Y CAGR-113.0pp

Trinet Group Inc's ROE was 287.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 36.3 percentage points from the prior year.

Capital Allocation

R&D Spending

$71.0M

YoY+4.4%

5Y CAGR+12.2%

Trinet Group Inc invested $71.0M in research and development in fiscal year 2025. This represents an increase of 4.4% from the prior year.

Share Buybacks

$183.0M

YoY+0.0%

5Y CAGR+0.6%

10Y CAGR+14.3%

Trinet Group Inc spent $183.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 0.0% from the prior year.

Capital Expenditures

$69.0M

YoY-11.5%

5Y CAGR+13.9%

10Y CAGR+13.8%

Trinet Group Inc invested $69.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 11.5% from the prior year.

TNET Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$5.0B-0.9%	$5.1B+1.2%	$5.0B+1.8%	$4.9B+8.1%	$4.5B+12.5%	$4.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$71.0M+4.4%	$68.0M+4.6%	$65.0M-11.0%	$73.0M+46.0%	$50.0M+25.0%	$40.0M
SG&A Expenses	$207.0M-10.8%	$232.0M+10.0%	$211.0M-12.4%	$241.0M+36.9%	$176.0M+15.8%	$152.0M
Operating Income	N/A	N/A	$469.0M-6.0%	$499.0M+9.7%	$455.0M+23.6%	$368.0M
Interest Expense	N/A	N/A	N/A	$39.0M+95.0%	$20.0M-4.8%	$21.0M
Income Tax	$62.0M+17.0%	$53.0M-57.9%	$126.0M-0.8%	$127.0M+23.3%	$103.0M+21.2%	$85.0M
Net Income	$155.0M-10.4%	$173.0M-53.9%	$375.0M+5.6%	$355.0M+5.0%	$338.0M+24.3%	$272.0M
EPS (Diluted)	$3.20-6.7%	$3.43-47.7%	$6.56+16.9%	$5.61+10.7%	$5.07+27.1%	$3.99

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$1.2B+1.3%	$1.2B-0.5%	$1.2B-4.2%	$1.3B+1.3%	$1.3B+1.9%	$1.3B+0.7%	$1.2B-3.0%	$1.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$16.0M-11.1%	$18.0M+5.9%	$17.0M-15.0%	$20.0M+25.0%	$16.0M-5.9%	$17.0M0.0%	$17.0M-5.6%	$18.0M
SG&A Expenses	$58.0M+13.7%	$51.0M-1.9%	$52.0M+13.0%	$46.0M-49.5%	$91.0M+97.8%	$46.0M-2.1%	$47.0M-2.1%	$48.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	$58.0M-27.5%	$80.0M-34.4%	$122.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2.0M-87.5%	$16.0M+14.3%	$14.0M-53.3%	$30.0M+314.3%	-$14.0M-207.7%	$13.0M-38.1%	$21.0M-36.4%	$33.0M
Net Income	-$1.0M-102.9%	$34.0M-8.1%	$37.0M-56.5%	$85.0M+469.6%	-$23.0M-151.1%	$45.0M-25.0%	$60.0M-34.1%	$91.0M
EPS (Diluted)	N/A	$0.70-9.1%	$0.77-55.0%	$1.71	N/A	$0.89-25.8%	$1.20-32.6%	$1.78

TNET Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.8B-7.8%	$4.1B+11.5%	$3.7B+7.3%	$3.4B+4.0%	$3.3B+8.7%	$3.0B
Current Assets	$2.9B-9.8%	$3.2B+23.4%	$2.6B+10.8%	$2.3B-4.6%	$2.4B+12.9%	$2.2B
Cash & Equivalents	$287.0M-20.3%	$360.0M+25.4%	$287.0M-18.9%	$354.0M-42.2%	$612.0M+103.3%	$301.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$20.0M-37.5%	$32.0M+77.8%	$18.0M-5.3%	$19.0M+26.7%	$15.0M-16.7%	$18.0M
Goodwill	$461.0M0.0%	$461.0M-0.2%	$462.0M0.0%	$462.0M+57.1%	$294.0M0.0%	$294.0M
Total Liabilities	$3.7B-7.6%	$4.0B+12.0%	$3.6B+35.5%	$2.7B+9.9%	$2.4B-0.3%	$2.4B
Current Liabilities	$2.6B-11.5%	$3.0B+21.0%	$2.5B+23.9%	$2.0B+14.3%	$1.7B-7.0%	$1.9B
Long-Term Debt	$895.0M-1.4%	$908.0M-7.7%	$984.0M+98.4%	$496.0M+0.2%	$495.0M+42.2%	$348.0M
Total Equity	$54.0M-21.7%	$69.0M-11.5%	$78.0M-89.9%	$775.0M-12.0%	$881.0M+45.1%	$607.0M
Retained Earnings	-$1.1B-9.9%	-$984.0M-9.8%	-$896.0M-652.9%	-$119.0M-260.8%	$74.0M+151.4%	-$144.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$3.8B+10.9%	$3.4B-7.1%	$3.7B-2.3%	$3.8B-8.4%	$4.1B+10.5%	$3.7B+0.7%	$3.7B-6.7%	$4.0B
Current Assets	$2.9B+14.8%	$2.5B-9.6%	$2.8B-3.3%	$2.9B-10.2%	$3.2B+22.1%	$2.6B+1.5%	$2.6B-9.6%	$2.8B
Cash & Equivalents	$287.0M-10.6%	$321.0M-21.1%	$407.0M+16.6%	$349.0M-3.1%	$360.0M+43.4%	$251.0M+41.8%	$177.0M-40.6%	$298.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$20.0M+100.0%	$10.0M-16.7%	$12.0M-42.9%	$21.0M-34.4%	$32.0M+113.3%	$15.0M0.0%	$15.0M+36.4%	$11.0M
Goodwill	$461.0M0.0%	$461.0M0.0%	$461.0M0.0%	$461.0M0.0%	$461.0M-0.2%	$462.0M0.0%	$462.0M0.0%	$462.0M
Total Liabilities	$3.7B+12.9%	$3.3B-7.4%	$3.6B-3.5%	$3.7B-8.3%	$4.0B+12.5%	$3.6B-0.1%	$3.6B-5.8%	$3.8B
Current Liabilities	$2.6B+17.3%	$2.2B-10.3%	$2.5B-5.2%	$2.6B-11.2%	$3.0B+22.2%	$2.4B-0.9%	$2.5B-7.7%	$2.7B
Long-Term Debt	$895.0M0.0%	$895.0M+0.1%	$894.0M-1.7%	$909.0M+0.1%	$908.0M-8.6%	$993.0M+0.9%	$984.0M0.0%	$984.0M
Total Equity	$54.0M-50.9%	$110.0M+2.8%	$107.0M+69.8%	$63.0M-8.7%	$69.0M-46.5%	$129.0M+29.0%	$100.0M-30.1%	$143.0M
Retained Earnings	-$1.1B-7.9%	-$1.0B-1.4%	-$988.0M+1.8%	-$1.0B-2.2%	-$984.0M-8.1%	-$910.0M+0.7%	-$916.0M-8.0%	-$848.0M

TNET Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$303.0M+8.6%	$279.0M-48.2%	$539.0M+8.5%	$497.0M+128.0%	$218.0M-60.1%	$546.0M
Capital Expenditures	$69.0M-11.5%	$78.0M+4.0%	$75.0M+33.9%	$56.0M+40.0%	$40.0M+11.1%	$36.0M
Free Cash Flow	$234.0M+16.4%	$201.0M-56.7%	$464.0M+5.2%	$441.0M+147.8%	$178.0M-65.1%	$510.0M
Investing Cash Flow	-$43.0M-128.1%	$153.0M+318.6%	-$70.0M+69.0%	-$226.0M-67.4%	-$135.0M+10.6%	-$151.0M
Financing Cash Flow	-$49.0M+76.3%	-$207.0M+61.7%	-$540.0M-14.6%	-$471.0M-4025.0%	$12.0M+105.8%	-$208.0M
Dividends Paid	$52.0M+40.5%	$37.0M	$0	$0	N/A	N/A
Share Buybacks	$183.0M0.0%	$183.0M-83.7%	$1.1B+114.5%	$523.0M+456.4%	$94.0M-47.2%	$178.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$61.0M-15.3%	$72.0M-4.0%	$75.0M-21.1%	$95.0M+46.2%	$65.0M-22.6%	$84.0M+115.4%	$39.0M-57.1%	$91.0M
Capital Expenditures	$18.0M+5.9%	$17.0M-5.6%	$18.0M+12.5%	$16.0M-11.1%	$18.0M-28.0%	$25.0M+47.1%	$17.0M-5.6%	$18.0M
Free Cash Flow	$43.0M-21.8%	$55.0M-3.5%	$57.0M-27.8%	$79.0M+68.1%	$47.0M-20.3%	$59.0M+168.2%	$22.0M-69.9%	$73.0M
Investing Cash Flow	-$16.0M+20.0%	-$20.0M-2100.0%	$1.0M+112.5%	-$8.0M-104.5%	$178.0M+709.1%	$22.0M	$0+100.0%	-$47.0M
Financing Cash Flow	$511.0M+487.1%	-$132.0M-300.0%	$66.0M+113.4%	-$494.0M-198.8%	$500.0M+428.9%	-$152.0M+51.3%	-$312.0M-28.4%	-$243.0M
Dividends Paid	$13.0M0.0%	$13.0M-7.1%	$14.0M+16.7%	$12.0M0.0%	$12.0M0.0%	$12.0M-7.7%	$13.0M	$0
Share Buybacks	$61.0M+96.8%	$31.0M+3000.0%	$1.0M-98.9%	$90.0M+221.4%	$28.0M+40.0%	$20.0M-82.1%	$112.0M+387.0%	$23.0M

TNET Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	9.4%-0.8pp	10.2%+0.2pp	10.0%+0.9pp	9.1%
Net Margin	3.1%-0.3pp	3.4%-4.1pp	7.5%+0.3pp	7.2%-0.2pp	7.4%+0.7pp	6.7%
Return on Equity	287.0%+36.3pp	250.7%-230.0pp	480.8%+435.0pp	45.8%+7.4pp	38.4%-6.4pp	44.8%
Return on Assets	4.1%-0.1pp	4.2%-6.0pp	10.2%-0.2pp	10.3%+0.1pp	10.2%+1.3pp	8.9%
Current Ratio	1.09+0.0	1.07+0.0	1.05-0.1	1.17-0.2	1.40+0.2	1.16
Debt-to-Equity	16.57+3.4	13.16+0.5	12.62+12.0	0.64+0.1	0.56-0.0	0.57
FCF Margin	4.7%+0.7pp	4.0%-5.3pp	9.3%+0.3pp	9.0%+5.1pp	3.9%-8.7pp	12.6%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	4.6%-1.8pp	6.4%-3.1pp	9.5%
Net Margin	-0.1%-2.8pp	2.8%-0.2pp	3.0%-3.6pp	6.6%+8.4pp	-1.8%-5.4pp	3.6%-1.2pp	4.8%-2.3pp	7.1%
Return on Equity	-1.8%-32.8pp	30.9%-3.7pp	34.6%-100.3pp	134.9%+168.3pp	-33.3%-68.2pp	34.9%-25.1pp	60.0%-3.6pp	63.6%
Return on Assets	-0.0%-1.0pp	1.0%0.0pp	1.0%-1.3pp	2.3%+2.8pp	-0.6%-1.8pp	1.2%-0.4pp	1.6%-0.7pp	2.3%
Current Ratio	1.09-0.0	1.110.0	1.10+0.0	1.08+0.0	1.070.0	1.07+0.0	1.04-0.0	1.06
Debt-to-Equity	16.57+8.4	8.14-0.2	8.36-6.1	14.43+1.3	13.16+5.5	7.70-2.1	9.84+3.0	6.88
FCF Margin	3.5%-1.0pp	4.5%-0.1pp	4.6%-1.5pp	6.1%+2.4pp	3.7%-1.0pp	4.7%+2.9pp	1.8%-3.9pp	5.7%

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Frequently Asked Questions

What is Trinet Group Inc's annual revenue?

Trinet Group Inc (TNET) reported $5.0B in total revenue for fiscal year 2025. This represents a -0.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Trinet Group Inc's revenue growing?

Trinet Group Inc (TNET) revenue declined by 0.9% year-over-year, from $5.1B to $5.0B in fiscal year 2025.

Is Trinet Group Inc profitable?

Yes, Trinet Group Inc (TNET) reported a net income of $155.0M in fiscal year 2025, with a net profit margin of 3.1%.

How much debt does Trinet Group Inc have?

As of fiscal year 2025, Trinet Group Inc (TNET) had $287.0M in cash and equivalents against $895.0M in long-term debt.

What is Trinet Group Inc's net profit margin?

Trinet Group Inc (TNET) had a net profit margin of 3.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Trinet Group Inc pay dividends?

Yes, Trinet Group Inc (TNET) paid $0.28 per share in dividends during fiscal year 2025.

What is Trinet Group Inc's return on equity (ROE)?

Trinet Group Inc (TNET) has a return on equity of 287.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Trinet Group Inc's free cash flow?

Trinet Group Inc (TNET) generated $234.0M in free cash flow during fiscal year 2025. This represents a 16.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Trinet Group Inc's operating cash flow?

Trinet Group Inc (TNET) generated $303.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Trinet Group Inc's total assets?

Trinet Group Inc (TNET) had $3.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Trinet Group Inc's capital expenditures?

Trinet Group Inc (TNET) invested $69.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Trinet Group Inc spend on research and development?

Trinet Group Inc (TNET) invested $71.0M in research and development during fiscal year 2025.

Does Trinet Group Inc buy back shares?

Yes, Trinet Group Inc (TNET) spent $183.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Trinet Group Inc have outstanding?

Trinet Group Inc (TNET) had 47M shares outstanding as of fiscal year 2025.

What is Trinet Group Inc's current ratio?

Trinet Group Inc (TNET) had a current ratio of 1.09 as of fiscal year 2025, which is considered adequate.

What is Trinet Group Inc's debt-to-equity ratio?

Trinet Group Inc (TNET) had a debt-to-equity ratio of 16.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Trinet Group Inc's return on assets (ROA)?

Trinet Group Inc (TNET) had a return on assets of 4.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Trinet Group Inc's Piotroski F-Score?

Trinet Group Inc (TNET) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Trinet Group Inc's earnings high quality?

Trinet Group Inc (TNET) has an earnings quality ratio of 1.95x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Trinet Group Inc?

Trinet Group Inc (TNET) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.