TriNet is a cloud-based professional employer organization (PEO) for small and medium-sized businesses. The Company provides an HR technology platform with online and mobile tools that allow the clients and their worksite employees (WSEs) to efficiently store, view and manage their core HR-related information and conduct a variety of HR-related transactions anytime and anywhere. In addition, TriNet's service teams help with talent management, recruiting and training, performance management, employee onboarding, and terminations, benefits enrollment and support, claims administration and employment practices risk management. The Company also monitors employer-related developments and assist clients in complying with applicable local, state and federal regulations.

Type
Public
HQ
San Leandro, US
Founded
1988
Size (employees)
2,700 (est)+4%
Website
trinet.com
TriNet was founded in 1988 and is headquartered in San Leandro, US
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Key People/Management at TriNet

Burton Goldfield

Burton Goldfield

President and CEO
Craig Flower

Craig Flower

Chief Technology Officer
Richard Beckert

Richard Beckert

Senior Vice President and Chief Financial Officer
Barrett Boston

Barrett Boston

Senior Vice President and Chief Revenue Officer
James Franzone

James Franzone

Vice President of Corporate Development
Ed Griese

Ed Griese

Senior Vice President of Insurance Services
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TriNet Office Locations

TriNet has offices in Seattle, Alexandria, Houston, Dallas and in 37 other locations
San Leandro, US (HQ)
400 1100 San Leandro Blvd
Alexandria, US
410 1680 Duke St
Atlanta, US
550 3343 Peachtree Rd NE
Austin, US
300 12331 Riata Trace Pkwy
Belfast, US
b 33 Front St
Boca Raton, US
450 2700 N Military Trl
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TriNet Financials and Metrics

TriNet Financials

TriNet's revenue was reported to be $3.28 b in FY, 2017 which is a 7% increase from the previous period.
USD

Revenue (FY, 2017)

3.3 b

Revenue growth (FY, 2016 - FY, 2017), %

7%

Gross profit (FY, 2017)

3.1 b

Gross profit margin (FY, 2017), %

93.5%

Net income (FY, 2017)

178 m

EBIT (FY, 2017)

217 m

Market capitalization (23-Apr-2018)

3.6 b

Cash (31-Dec-2017)

336 m

EV

3.7 b
TriNet's current market capitalization is $3.6 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2.2 b2.7 b3.1 b3.3 b

Revenue growth, %

33%21%15%7%

Cost of goods sold

134.3 m150.7 m190.4 m213 m

Gross profit

2.1 b2.5 b2.9 b3.1 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

625.6 m640 m668 m732.9 m745.8 m770.5 m807.6 m800.5 m819.3 m

Cost of goods sold

36.4 m37.7 m37.5 m45.7 m44 m50.1 m56.5 m50.8 m50 m

Gross profit

589.2 m602.3 m630.5 m687.2 m701.8 m720.3 m751.2 m749.7 m769.3 m

Gross profit Margin, %

94%94%94%94%94%93%93%94%94%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

134.3 m166.2 m184 m336 m

Prepaid Expenses

9.3 m8.6 m10.8 m8 m

Current Assets

1.8 b1.6 b1.5 b2 b

PP&E

32.3 m37.8 m58.6 m70 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

104.4 m128.4 m146.3 m195.9 m166.7 m160.6 m216.1 m233.9 m263.5 m

Prepaid Expenses

10 m14.5 m12.8 m9.5 m12.9 m13 m9.1 m13 m11 m

Current Assets

1.1 b1 b1.1 b1.2 b1.2 b1 b1.3 b1.2 b1.2 b

PP&E

33.8 m36.1 m36.4 m41.9 m47.3 m53.1 m63.4 m66.8 m68.5 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

15.5 m31.7 m61.4 m178 m

Depreciation and Amortization

84.4 m52.8 m39.2 m35 m

Accounts Payable

5.2 m287 k9.2 m22 m

Cash From Operating Activities

153.8 m31.8 m144.5 m253 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

15.8 m14.5 m17.6 m11.6 m23.9 m38.4 m28.7 m68.7 m111.5 m

Depreciation and Amortization

14.7 m28.3 m42.6 m8.7 m17.9 m27.8 m8.1 m16.5 m26.2 m

Accounts Payable

(1.4 m)(35 k)2.5 m6.1 m2.5 m4.5 m(413 k)4 m5.5 m

Cash From Operating Activities

14.1 m45.2 m104.5 m40.9 m43 m78.1 m75.9 m104.1 m159 m
USDY, 2017

EV/EBIT

17.2 x

EV/CFO

14.7 x

Revenue/Employee

1.2 m

Debt/Equity

2.1 x

Debt/Assets

0.2 x

Financial Leverage

12.6 x
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TriNet Operating Metrics

TriNet's Enterprise Customers was reported to be 14.8 k in FY, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017

Enterprise Customers

10 k11 k11 k12 k12.70 k13 k13 k13 k13.90 k14 k14 k15 k14.80 k

Payrolls Processed Annually

$25 b$31 b$34 b$9.80 b$8 b$8.10 b$37.10 b
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TriNet Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
TXSUB-64, Inc.
TriNet Professional Employer Services, Inc.
TriNet HR IV, LLC
TriNet Insurance Services, Inc.
TriNet USA, Inc.
210 Park Avenue Holding, Inc.
Accord Human Resources 12, Inc.
Accord Technology LLC
Affiliated Risk Management, Inc.
ALSUB-36, Inc.
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TriNet News and Updates

How These Business Owners Are Dealing With Office Romances (Hint: It's All About Your HR Policies)

Some companies ask employees to sign a 'relationship contract.'

#YouToo: What tech should do right now to combat sexual harassment

SPONSORED: Presented by Trinet The tech industry has recently been dogged by public allegations of sexual harassment. But as a hotbed for innovation and challenging the status quo, tech companies are in a unique position to lead the charge toward eradicating harassment from our workplaces. Here’s ho…
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