TriNet Group Inc. Common Stock (TNET)

FairStock Score: 62/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

TriNet sells payroll, benefits, workers’ compensation, and HR compliance to small and midsize firms. The business may have switching costs because payroll and benefits are hard to change, but the figures do not show a wide moat. In fiscal year 2025, ended 2025-12-31, revenue was $5.0B and net income was $155.0M, or diluted EPS of $3.20. In fiscal year 2024, revenue was $5.1B, net income $173.0M, and diluted EPS $3.43. In fiscal year 2023, net income was $375.0M and diluted EPS $6.56. That is a severe profit decline. The latest filed quarter, fiscal Q2 2026 ended 2026-06-30, showed net income of $53.0M and diluted EPS of $1.15, against $37.0M and $0.77 in fiscal Q2 2025, so there is a rebound. Still, FairStock’s computed Lynch category is SLOW GROWER — Shrinking, with profit down 10.6% a year over five years and revenue growth of 4.4%. Financial health is mixed: the given trailing free cash flow is $288.0M, a 9.4% FCF yield, but the FairStock Altman Z-Score is 0.67 and D/E is 7.60. ROE of 150.86% against ROCE of 4.35% suggests leverage or accounting distortion. At the 2026-10-13 close of $66.72, FairStock’s P/E is 17.70, P/B is 37.07, and Graham Number is $15.19. I would demand a wider margin of safety before calling this a bargain.

In plain English: TriNet helps small and midsize companies handle payroll, benefits, and HR compliance. Sales have been roughly flat to slightly down, and yearly profits have fallen sharply from earlier levels, even though cash flow and the latest quarter improved. At $66.72, the shares look fair to expensive against that shrinking profit record, with the price far above what its assets and earnings alone would suggest.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer