Trinet (TNET) Gross Margin (2013 - 2019)
Trinet (TNET) posted Gross Margin of 93.26% for Q2 2019, little changed on a QoQ basis from 93.15% in Q1 2019, and down 74.0% year-over-year from 358.7% in Q2 2018.
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Analysis
Trinet (TNET) Gross Margin (2013 - 2019) Analysis & Trends
Trinet has reported Gross Margin for 7 years, with the latest figure at 93.26% in Q2 2019.
- On a quarterly basis, Gross Margin fell 74.0% year-over-year to 93.26% in Q2 2019; TTM through Jun 2019 was 93.23%, a 44.0% decrease from a year earlier, with the FY2019 full-year figure at 93.65%, up 18.0% from the prior year.
- Gross Margin was 93.26% for Q2 2019 at Trinet, roughly flat from 93.15% in the prior quarter.
- The five-year high for Gross Margin was 94.57% in Q4 2015, with the low at 92.95% in Q1 2017.
- Average Gross Margin over 5 years is 93.7%, with a median of 93.7% recorded in 2016.
- The sharpest annual moves came in 2015 and 2016: Gross Margin jumped 80 bps in 2015, then tumbled 89 bps in 2016.
- Over 5 years, Gross Margin stood at 94.57% in 2015, then retreated by 1 bps to 93.82% in 2016, then dropped by 0 bps to 93.4% in 2017, then retreated by 0 bps to 93.13% in 2018, then advanced by 0 bps to 93.26% in 2019.
- The last three Gross Margin figures came in at 93.26% (Q2 2019), 93.15% (Q1 2019), and 93.13% (Q4 2018), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robert Half | 3.86 Bn | 3.54 Bn | 474.03 Mn | 35.47% |
| 2 | Trinet | 3.06 Bn | 1.18 Bn | - | - |
| 3 | ManpowerGroup | 2.67 Bn | 2.49 Bn | 780.30 Mn | 16.05% |
| 4 | Insperity | 1.91 Bn | 1.29 Bn | 217.00 Mn | 12.87% |
| 5 | Amn Healthcare Services | 1.34 Bn | 1.31 Bn | 205.88 Mn | 30.58% |
| 6 | Kforce | 861.70 Mn | 861.37 Mn | 99.45 Mn | 28.47% |
| 7 | Barrett Business Services | 790.34 Mn | 690.95 Mn | 64.85 Mn | 20.31% |
| 8 | Quhuo | 561.27 Mn | 554.90 Mn | 1.19 Mn | 0.60% |
| 9 | Kelly Services | 552.42 Mn | 528.22 Mn | 212.00 Mn | 20.42% |
| 10 | Cross Country Healthcare | 428.41 Mn | 322.82 Mn | 47.59 Mn | 19.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2019 | 93.26% |
| Mar 31, 2019 | 93.15% |
| Dec 31, 2018 | 93.13% |
| Sep 30, 2018 | 93.37% |
| Jun 30, 2018 | 94.00% |
| Mar 31, 2018 | 93.38% |
| Dec 31, 2017 | 93.40% |
| Sep 30, 2017 | 93.89% |
| Jun 30, 2017 | 93.63% |
| Mar 31, 2017 | 92.95% |
| Dec 31, 2016 | 93.82% |
| Sep 30, 2016 | 93.49% |
| Jun 30, 2016 | 94.10% |
| Mar 31, 2016 | 93.76% |
| Dec 31, 2015 | 94.57% |
| Sep 30, 2015 | 94.38% |
| Jun 30, 2015 | 94.11% |
| Mar 31, 2015 | 94.19% |
| Dec 31, 2014 | 94.37% |
| Sep 30, 2014 | 94.14% |