TNET
TriNet Group, Inc.
TNET trails on the overall score without a compensating advantage in the available component scores.
VRT
Vertiv Holdings Co
VRT has the edge over TNET overall, supported by stronger modeled upside and stronger valuation.
TNET Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Unavailable |
TNET's profitability is currently healthy, and its revenue and cash flow are stable. There isn't enough data to rate its balance sheet.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
TNET PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $51.64 | -21% |
| Forward | 15x | $65.34 | — |
| Fair | 18x | $65.98 | +1% |
| Current | 18x | $65.34 | — |
| Expensive | 21x | $79.94 | +22% |
Historical ranges are pointers, not guarantees.
TNET's PE is in its fair range at 18x. If earnings grow as analysts expect, today's price would be 15x next year's earnings, in its cheap range.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over TNET in the historical PE scenario, which offers more potential upside but is not a forecast.
TNET Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for TNET, but weaker profitability. However, they disagree widely on these estimates.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
VRT has the edge over TNET on the outlook, with more favorable profitability expectations.
TNET Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.41 | +18% |
| Q3 2026 | $3.72 | +36% |
| Q2 2026 | $3.77 | +29% |
| Q1 2026 | $3.39 | +0.9% |
| Q4 2025 | $3.20 | -6.7% |
| Q3 2025 | $2.74 | -48% |
| Q2 2025 | $2.93 | -51% |
| Q1 2025 | $3.36 | -46% |
| Q4 2024 | $3.43 | -48% |
TNET's earnings per share have fallen from their peak: $3.72 over the past year, against $6.56 in late 2023.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over TNET on earnings, with more consistent year-over-year improvement.
TNET Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | -4.6% |
| Q2 2026 | $1.2B | -4.8% |
| Q1 2026 | $1.2B | -5.1% |
| Q4 2025 | $1.2B | -5.9% |
| Q3 2025 | $1.2B | -0.4% |
| Q2 2025 | $1.2B | +1% |
| Q1 2025 | $1.3B | +2.2% |
| Q4 2024 | $1.3B | +6.5% |
TNET's revenue is shrinking: $1.2B last quarter, down 4.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.3% | -0.7 points |
| Q2 2026 | 6.3% | +2.2 points |
| Q1 2026 | 10% | +1.1 points |
| Q4 2025 | 0.1% | +2.9 points |
| Q3 2025 | 4.1% | -0.6 points |
| Q2 2025 | 4.1% | -2.4 points |
| Q1 2025 | 8.9% | -0.8 points |
| Q4 2024 | -2.8% | -9.8 points |
TNET's operating margin was 3.3% last quarter, down 0.7 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over TNET on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over TNET on profitability, with a higher operating margin.
TNET Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $53M | -3.6% |
| Q2 2026 | $67M | +18% |
| Q1 2026 | $123M | +56% |
| Q4 2025 | $43M | -92% |
| Q3 2025 | $55M | +$111M |
| Q2 2025 | $57M | +$197M |
| Q1 2025 | $79M | +$219M |
| Q4 2024 | $537M | -5.3% |
TNET still generates free cash flow, though less than at its 2019 peak: $286M over the past year.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over TNET on cash flow, with more consistent year-over-year improvement.
TNET Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.2% | +1M shares |
| 1 year | -2.1% | -1M shares |
| 3 years | -19% | -11M shares |
| 5 years | -30% | -20M shares |
| Available history | -34% | -24M shares |
TNET has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $18M |
| Q2 2026 | $18M |
| Q1 2026 | $58M |
| Q4 2025 | $61M |
| Q3 2025 | $31M |
| Q2 2025 | $1M |
| Q1 2025 | $90M |
| Q4 2024 | $28M |
TNET spent $155M buying back its own shares over the past year, up 3.3% from the year before.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
TNET Net Leverage
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has more cash than debt.
TNET Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.0 | Neutral |
| Stochastic | 33.4 | Neutral |
TNET's weekly RSI is 54 (neutral) and its Stochastic is 33 (neutral).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
TNET PE vs Industrials Sector
| Metric | TNET | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 27% below |
| PE % | 47 | 58 | 11 pts below |
TNET has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
TNET Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $67.1 | 2.6% below |
| 20 week MA | $65.7 | 0.6% below |
| 50 week MA | $54.7 | 19% above |
| 100 week MA | $64.4 | 1.5% above |
| 200 week MA | $83.5 | 22% below |
TNET's trend is mixed: it's above two of its five weekly moving averages, and 22% below its 200-week average.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
TNET Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $56.6 | $82.1 | +45% |
| 2021 | $82.1 | $94.6 | +15% |
| 2022 | $94.6 | $65.4 | -31% |
| 2023 | $65.4 | $118.9 | +82% |
| 2024 | $118.9 | $90.3 | -24% |
| 2025 | $90.3 | $58.7 | -35% |
| 2026 YTD | $58.7 | $65.3 | +11% |
TNET has finished lower in three of the last six years. It's up 11% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over TNET on returns for 2026, with the stronger performance.