Trinet (TNET) Gross Margin (2013 - 2019)
Trinet (TNET) posted quarterly Gross Margin of 93.26% for Q2 2019, down 74.0% year-over-year from 358.7% in Q2 2018, and little changed quarter-over-quarter from 93.15% in Q1 2019.
Trinet (TNET) Gross Margin (2013 - 2019) Analysis & Trends
Trinet's Gross Margin history runs 7 years deep, the most recent figure standing at 93.26% for Q2 2019.
- In Q2 2019, Gross Margin fell 74.0% year-over-year to 93.26%; the TTM figure through Jun 2019 stood at 93.23% (down 44.0% YoY), while the FY2019 annual figure was 93.65%, up 18.0% from the prior year.
- Gross Margin for Q2 2019 stood at 93.26%, 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.
- The 5-year median for Gross Margin is 93.7% (2016), against an average of 93.7%.
- The sharpest annual moves came in 2015 and 2016: Gross Margin surged 80 bps in 2015, then tumbled 89 bps in 2016.
- Trinet's Gross Margin stood at 94.57% in 2015, then declined by 1 bps to 93.82% in 2016, then decreased by 0 bps to 93.4% in 2017, then declined by 0 bps to 93.13% in 2018, then rose by 0 bps to 93.26% in 2019.
- Business Quant data shows TNET's Gross Margin at 93.26% in Q2 2019, 93.15% in Q1 2019, and 93.13% in Q4 2018.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robert Half | 4.38 Bn | 4.06 Bn | 474.03 Mn | 35.47% |
| 2 | Korn Ferry | 4.35 Bn | 3.22 Bn | 685.99 Mn | 89.29% |
| 3 | Trinet | 3.16 Bn | 1.29 Bn | - | - |
| 4 | ManpowerGroup | 2.84 Bn | 2.66 Bn | 780.30 Mn | 16.05% |
| 5 | Insperity | 1.98 Bn | 1.36 Bn | 217.00 Mn | 12.87% |
| 6 | Kforce | 972.09 Mn | 971.76 Mn | 99.45 Mn | 28.47% |
| 7 | Barrett Business Services | 807.62 Mn | 708.23 Mn | 64.85 Mn | 20.31% |
| 8 | Kelly Services | 579.49 Mn | 555.29 Mn | 212.00 Mn | 20.42% |
| 9 | TrueBlue | 320.26 Mn | 297.01 Mn | 91.58 Mn | 20.67% |
| 10 | HireQuest | 232.43 Mn | 230.79 Mn | - | - |
Historic Data
Download 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% |