Trinet (TNET) EV to EBITDA (2014 - 2026)
Trinet (TNET) posted EV to EBITDA of 4.52 for Q2 2026, up 352.56% on a QoQ basis from 1.79 in Q1 2026, and down 80.29% year-over-year from 22.95 in Q2 2025.
Analysis
Trinet (TNET) EV to EBITDA (2014 - 2026) Analysis & Trends
Trinet has reported EV to EBITDA for 13 years, with the latest figure at 4.52 in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 80.29% year-over-year to 4.52 in Q2 2026; TTM through Jun 2026 was 1.32, a 79.89% decrease from a year earlier, with the FY2025 full-year figure at 1.46, down 80.6% from the prior year.
- EV to EBITDA was 4.52 for Q2 2026 at Trinet, up from 1.79 in the prior quarter.
- The five-year high for EV to EBITDA was 54.84 in Q3 2024, with the low at 100.8 in Q4 2024.
- Average EV to EBITDA over 5 years is 19.02, with a median of 22.78 recorded in 2022.
- The largest YoY upside for EV to EBITDA was 224.79% in 2024 against a maximum downside of 329.78% in 2024.
- Over 5 years, EV to EBITDA stood at 31.33 in 2022, then jumped by 40.0% to 43.87 in 2023, then tumbled by 329.78% to 100.8 in 2024, then soared by 126.82% to 27.03 in 2025, then sank by 83.26% to 4.52 in 2026.
- The last three EV to EBITDA figures came in at 4.52 (Q2 2026), 1.79 (Q1 2026), and 27.03 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robert Half | 4.36 Bn | 4.03 Bn | 474.03 Mn |
| 2 | Trinet | 3.17 Bn | 1.29 Bn | - |
| 3 | ManpowerGroup | 2.88 Bn | 2.70 Bn | 780.30 Mn |
| 4 | Insperity | 1.99 Bn | 1.37 Bn | 217.00 Mn |
| 5 | Amn Healthcare Services | 1.31 Bn | 1.28 Bn | 205.88 Mn |
| 6 | Kforce | 975.68 Mn | 975.35 Mn | 99.45 Mn |
| 7 | Barrett Business Services | 816.32 Mn | 716.93 Mn | 64.85 Mn |
| 8 | Quhuo | 561.27 Mn | 554.90 Mn | 1.19 Mn |
| 9 | Kelly Services | 530.01 Mn | 505.81 Mn | 212.00 Mn |
| 10 | Cross Country Healthcare | 428.41 Mn | 322.82 Mn | 47.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.52 |
| Mar 31, 2026 | -1.79 |
| Dec 31, 2025 | 27.03 |
| Sep 30, 2025 | 21.43 |
| Jun 30, 2025 | 22.95 |
| Mar 31, 2025 | 15.34 |
| Dec 31, 2024 | -100.80 |
| Sep 30, 2024 | 54.84 |
| Jun 30, 2024 | 41.66 |
| Mar 31, 2024 | 38.09 |
| Dec 31, 2023 | 43.87 |
| Sep 30, 2023 | 37.40 |
| Jun 30, 2023 | 33.58 |
| Mar 31, 2023 | 11.73 |
| Dec 31, 2022 | 31.33 |
| Sep 30, 2022 | 19.16 |
| Jun 30, 2022 | 22.62 |
| Mar 31, 2022 | 19.39 |
| Dec 31, 2021 | 37.32 |
| Sep 30, 2021 | 34.57 |