TriNet Group, Inc. — Earnings Quality Grade F
TNET · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 1 days, change -1 days YoY
AR growth -37.5% vs revenue growth -0.9%
Revenue -0.9%, CFFO 8.6%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -11.5% vs revenue -0.9%. Normal
SG&A/Gross Profit = 53.7%. Normal
Gross margin 17.7%, change -1.2pp. Stable
Cash Flow Quality
CFFO/NI = 1.95. Profits backed by cash
FCF $0.2B, FCF/NI = 1.51
Accruals ratio = -3.9%. Low accruals
Cash $0.3B covers only 30% of debt $0.9B
Balance Sheet Health
Goodwill+Intangibles $0.6B = 1137% of equity. Over 50%
Debt/EBITDA = 2.7x. Healthy
Other assets -6.9% vs revenue -0.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -0% YoY. Normal
Manipulation Score
M-Score = -2.91 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25