Trinet (TNET) Operating Margin (2013 - 2024)
Trinet (TNET) posted quarterly Operating Margin of 4.63% for Q3 2024, down 486.0% year-over-year from 1.2% in Q4 2023, and down 28.02% quarter-over-quarter from 6.44% in Q2 2024.
Trinet (TNET) Operating Margin (2013 - 2024) Analysis & Trends
Trinet's Operating Margin history runs 12 years deep, the most recent figure standing at 4.63% for Q3 2024.
- In Q3 2024, Operating Margin fell 486.0% year-over-year to 4.63%; the TTM figure through Sep 2024 stood at 6.81% (down 208.0% YoY), while the FY2023 annual figure was 9.39%, down 78.0% from the prior year.
- Operating Margin for Q3 2024 stood at 4.63%, down from 6.44% in the prior quarter.
- The five-year high for Operating Margin was 18.25% in Q2 2020, with the low at 2.82% in Q4 2020.
- The 5-year median for Operating Margin is 9.49% (2023), against an average of 9.3%.
- The sharpest annual moves came in 2020 and 2021: Operating Margin surged 1237 bps in 2020, then slumped 725 bps in 2021.
- Trinet's Operating Margin stood at 2.82% in 2020, then jumped by 162 bps to 7.39% in 2021, then slumped by 39 bps to 4.49% in 2022, then surged by 47 bps to 6.61% in 2023, then slipped by 30 bps to 4.63% in 2024.
- Business Quant data shows TNET's Operating Margin at 4.63% in Q3 2024, 6.44% in Q2 2024, and 9.52% in Q1 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robert Half | 4.38 Bn | 4.06 Bn | 474.03 Mn | -4.66% |
| 2 | Korn Ferry | 4.35 Bn | 3.22 Bn | 685.99 Mn | 13.21% |
| 3 | Trinet | 3.16 Bn | 1.29 Bn | - | - |
| 4 | ManpowerGroup | 2.84 Bn | 2.66 Bn | 780.30 Mn | 2.30% |
| 5 | Insperity | 1.98 Bn | 1.36 Bn | 217.00 Mn | 0.36% |
| 6 | Kforce | 972.09 Mn | 971.76 Mn | 99.45 Mn | 5.37% |
| 7 | Barrett Business Services | 807.62 Mn | 708.23 Mn | 64.85 Mn | 4.82% |
| 8 | Kelly Services | 579.49 Mn | 555.29 Mn | 212.00 Mn | 1.55% |
| 9 | TrueBlue | 320.26 Mn | 297.01 Mn | 91.58 Mn | -0.26% |
| 10 | HireQuest | 232.43 Mn | 230.79 Mn | - | 41.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 4.63% |
| Jun 30, 2024 | 6.44% |
| Mar 31, 2024 | 9.52% |
| Dec 31, 2023 | 6.61% |
| Sep 30, 2023 | 9.49% |
| Jun 30, 2023 | 8.02% |
| Mar 31, 2023 | 13.56% |
| Dec 31, 2022 | 4.49% |
| Sep 30, 2022 | 9.67% |
| Jun 30, 2022 | 9.92% |
| Mar 31, 2022 | 16.75% |
| Dec 31, 2021 | 7.39% |
| Sep 30, 2021 | 9.15% |
| Jun 30, 2021 | 11.00% |
| Mar 31, 2021 | 13.02% |
| Dec 31, 2020 | 2.82% |
| Sep 30, 2020 | 4.62% |
| Jun 30, 2020 | 18.25% |
| Mar 31, 2020 | 11.45% |
| Dec 31, 2019 | 6.19% |