Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026
Basics
Sector
Industrials
Industry
Staffing & Employment Services
Country
United States
Market cap
2.9B USD
Enterprise value
3.8B USD
Full-time employees
302,955
Overall health
Strength:more profitable than most peersmore profitable than peers
Strength:its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback:growing more slowly than most peersgrowing more slowly than peers
Drawback:higher risk than most peers: its share price swings more than most peers’ (beta 0.93 vs a peer median of 0.64), though less than the overall market, less short-term liquidity (current ratio 1.13 vs a peer median of 1.62) and more debt relative to equity (7.17× vs a peer median of 0.40×)higher risk: bigger price swings (beta 0.93 vs peers 0.64), less liquidity (current ratio 1.13 vs peers 1.62) and more debt vs equity (7.17× vs peers 0.40×)
Ranks #1,308 of 2,308 industrials companies (bottom 44%)
Returning more cash than it generates. Paid out $1.6B vs $899M of free cash flow over the 3 fiscal years to 2025.
TriNet returned $1.6B to shareholders over three years, 175% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Much more borrowing than peers.Debt is 7.2× equity vs a peer median of 0.4×.Debt is 7.2× equity vs peers 0.4×.
Debt is 7.2× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 7.2× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.
Share count shrinking. Shares outstanding down 24% from December 2022 to July 2026.
TriNet had 24% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Profitable, but revenue is shrinking. More profitable than most peers, but revenue fell 3.4% in the 12 months to June 2026 vs the 12 months before.
TriNet is more profitable than most peers, yet revenue fell 3.4% in the 12 months to June 2026 vs the 12 months before.
StockQuotient Score
48/ 100▲ 1 since Oct 27 closeOct 5 49 → Nov 4 48 (-1)
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 60 → 65
Share price -10.5%+5
Company's reported figures updated-1
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Return on invested capital, operating margin, and return on assets.
Operating margin5.4%
Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score -0.45Sector median: 0.0773 · MAD: 0.0507
Return on assets5.2%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.88Sector median: 0.0311 · MAD: 0.0241
Return on invested capital36.4%
Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsOutlier capped at sector 5th/95th percentile33% base weight · Z-score 4.82Sector median: 0.0715 · MAD: 0.0558
Other data (not scored)
Gross margin17.7%
Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038
Return on equity140.0%
SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about TriNet
Is TriNet getting weaker?
Its latest SEC filing (Jul 30, 2026) showed no major changes. Its overall score is 48/100, up 1 since Oct 28, 2026.
How is TriNet valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 65/100 against 2,459 industrials peers.Free cash flow yield 9.8% vs a peer median of 3.7% (stronger than 81% of peers).Free cash flow yield 9.8% vs peers 3.7% (stronger than 81% of peers).
Is TriNet growing?
At about the same pace as its peers. Growth scores 40/100 against 2,459 industrials peers.Earnings per share growth 29.5% vs a peer median of 7.1% (stronger than 74% of peers).Earnings per share growth 29.5% vs peers 7.1% (stronger than 74% of peers).Revenue growth -3.4% vs a peer median of 4.4% (weaker than 76% of peers).Revenue growth -3.4% vs peers 4.4% (weaker than 76% of peers).
How profitable is TriNet?
More profitable than most of its peers. Profitability scores 85/100 against 2,459 industrials peers.Return on invested capital 36.4% vs a peer median of 7.1% (stronger than 95% of peers).Return on invested capital 36.4% vs peers 7.1% (stronger than 95% of peers).Operating margin 5.4% vs a peer median of 7.7% (weaker than 63% of peers).Operating margin 5.4% vs peers 7.7% (weaker than 63% of peers).
How risky is TriNet?
Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings.Debt / equity 7.17× vs a peer median of 0.40× (weaker than 100% of peers).Debt / equity 7.17× vs peers 0.40× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 30, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
4.9B USD
4.9B USD
−1.2%
Net income (12 months)
159.0M USD
175.0M USD
+10.1%
Free cash flow (12 months)
278.0M USD
288.0M USD
+3.6%
Debt
896.0M USD
896.0M USD
0.0%
Cash
340.0M USD
358.0M USD
+5.3%
Shares outstanding
45.9M
45.9M
−0.1%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Industrials · 318 companies
Valuations in Industrials are near the top of their range since 2016.
85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.
2016Shaded: most expensive fifth of its range2026
TriNet looks cheaper than most of its peers on our valuation measures, while the Industrials sector as a whole is valued high by its own standards since 2016. Both can be true at once.
Shown for Industrials: too few Staffing & Employment Services companies have a long enough history of their own.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Operating margin
10.0%
10.2%
9.4%
—
—
—
Net margin
7.4%
7.2%
7.5%
3.4%
3.1%
▼ 0.3 pts
Return on assets (ROA)
10.2%
10.3%
10.2%
4.2%
4.1%
▼ 0.1 pts
Return on equity (ROE)
38.4%
45.8%
480.8%
—
—
—
Free cash flow margin
3.9%
9.0%
9.3%
4.0%
4.7%
▲ 0.7 pts
Current ratio
1.40×
1.17×
1.05×
1.07×
1.09×
▲ 2.0%
Debt to equity
0.56×
0.64×
12.62×
—
—
—
TNET price history
Price history is added with the daily price update and will appear after the next one.