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TriNet

Human Resources & RecruitingTechnologycloudenterprise softwarehrtechrecruiting

TriNet (TriNet Group, Inc.) 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.

Revenue(Q1, 2017)
$807.6 M
Market capitalization(2017-08-22)
$2.5 B
Customers(Y, 2015)
12.7 K
Company Growth (employees)
Type
Public
HQ
San Leandro, US
Founded
1988
Size (employees)
2,600 (est)
Website
trinet.com
TriNet was founded in 1988 and is headquartered in San Leandro, US

Key People at TriNet

Burton Goldfield

Burton Goldfield

President and CEO
William Porter

William Porter

Chief Financial Officer
Craig Flower

Craig Flower

Chief Technology Officer
Jock Breitwieser

Jock Breitwieser

Director Corporate Communications
Steve Apfelberg

Steve Apfelberg

Vice President of Marketing
Brady Mickelsen

Brady Mickelsen

SVP, Chief Legal Officer

TriNet Office Locations

TriNet has an office in San Leandro
San Leandro, US (HQ)
400 1100 San Leandro Blvd

TriNet Data and Metrics

TriNet Financial Metrics

TriNet's revenue was reported to be $807.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

807.6 m

Net income (Q1, 2017)

28.7 m

EBIT (Q1, 2017)

49.5 m

Market capitalization (22-Aug-2017)

2.5 b

Cash (31-Mar-2017)

216.1 m
TriNet's current market capitalization is $2.5 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

2.2 b2.7 b3.1 b

Revenue growth, %

21%15%

Sales and marketing expense

140 m166.8 m173.7 m

General and administrative expense

53.9 m69.6 m91.7 m

Operating expense total

193.9 m236.4 m265.4 m

EBIT

86.8 m78.3 m124 m

EBIT margin, %

4%3%4%

Pre tax profit

33.1 m60 m104.5 m

Income tax expense

17.6 m28.3 m

Net Income

15.5 m31.7 m61.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

525 m556 m625.6 m640 m668 m732.9 m745.8 m770.5 m807.6 m

Sales and marketing expense

35 m37.4 m37.6 m41.1 m45 m48.7 m43.8 m41.5 m49.2 m

General and administrative expense

12.7 m13.8 m15.5 m15.8 m17.7 m27.7 m19 m22.5 m25.3 m

Operating expense total

47.7 m51.2 m53.1 m56.9 m62.7 m76.4 m62.8 m63.9 m74.5 m

EBIT

20 m21.2 m31 m6 m11.7 m25.9 m26.4 m29 m49.5 m

EBIT margin, %

4%4%5%1%2%4%4%4%6%

Pre tax profit

11.1 m3 m26.3 m1.3 m7.4 m20.8 m21.5 m23.7 m44.9 m

Income tax expense

4.9 m2.2 m10.5 m2.6 m4.3 m9.2 m9.2 m9.1 m16.2 m

Net Income

7.8 m8.5 m15.8 m14.5 m17.6 m11.6 m12.3 m14.6 m28.7 m
USDY, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016

Cash

31.6 m63.7 m94.4 m134.3 m166.2 m184 m

Accounts Receivable

704.9 k1 m

Inventories

375.9 k2.6 b499.5 k

Current Assets

1.8 b1.6 b1.5 b

PP&E

32.3 m37.8 m58.6 m

Goodwill

288.9 m289.2 m289.2 m

Total Assets

2.3 b2.1 b2.1 b

Accounts Payable

12.3 m12.9 m22.5 m

Current Liabilities

1.8 b1.5 b1.4 b

Total Liabilities

2.1 b

Retained Earnings

(468.1 m)(485.6 m)(499.9 m)

Total Equity

8.1 m34.6 m

Financial Leverage

259.6 x60.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

100.3 m98 m104.4 m128.4 m146.3 m195.9 m166.7 m160.6 m216.1 m

Current Assets

806 m857.5 m1.1 b1 b1.1 b1.2 b1.2 b1 b1.3 b

PP&E

30.4 m32.4 m33.8 m36.1 m36.4 m41.9 m47.3 m53.1 m63.4 m

Goodwill

288.9 m288.9 m288.9 m288.9 m290.5 m289.2 m289.2 m289.2 m289.2 m

Total Assets

1.3 b1.4 b1.6 b1.6 b1.6 b1.8 b1.7 b1.6 b1.9 b

Accounts Payable

13.1 m11.4 m11.2 m12.4 m14.9 m20.1 m16.6 m18.5 m22.6 m

Current Liabilities

735.7 m840.2 m1.1 b969.6 m1 b1.1 b1 b938.5 m1.1 b

Retained Earnings

(460.7 m)(460.1 m)(477.3 m)(484 m)(499.5 m)(474.7 m)(479.7 m)(493.6 m)(500.5 m)

Total Equity

26.7 m33.5 m28.9 m42.5 m

Financial Leverage

66.6 x50.7 x55.3 x44 x
USDFY, 2014FY, 2015FY, 2016

Net Income

15.5 m31.7 m61.4 m

Depreciation and Amortization

84.4 m52.8 m39.2 m

Accounts Receivable

(619 k)

Inventories

(7.4 m)1.3 m(3 m)

Accounts Payable

5.2 m287 k9.2 m

Cash From Operating Activities

153.8 m31.8 m144.5 m

Purchases of PP&E

(20.6 m)(18.6 m)(39.7 m)

Cash From Investing Activities

(45.4 m)(37.7 m)(27.1 m)

Cash From Financing Activities

(68.3 m)(60.8 m)(99.4 m)

Interest Paid

32.1 m15.2 m15.4 m

Income Taxes Paid

(3.8 m)2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

7.8 m8.5 m15.8 m14.5 m17.6 m11.6 m12.3 m14.6 m28.7 m

Depreciation and Amortization

39.1 m67.8 m14.7 m28.3 m42.6 m8.7 m5 m4.7 m1.4 m

Accounts Payable

3.4 m4.8 m(1.4 m)(35 k)2.5 m6.1 m16.6 m18.5 m22.6 m

Cash From Operating Activities

53.7 m99 m14.1 m45.2 m104.5 m40.9 m

Purchases of PP&E

(8.7 m)(17.1 m)(4.6 m)(10.3 m)(14.7 m)(6.8 m)

Cash From Investing Activities

(25.5 m)(33.9 m)(4.6 m)(10.3 m)(33.2 m)(5.6 m)

Cash From Financing Activities

(22.2 m)(61.5 m)(39.3 m)(40.6 m)(59.1 m)(5.7 m)

Interest Paid

23.4 m25.7 m(3.9 m)7.8 m11.4 m4.1 m

Income Taxes Paid

11.1 m11 m1.5 m1.5 m2.6 m
USDY, 2017

Revenue/Employee

310.6 k

Financial Leverage

44 x

TriNet Operating Metrics

TriNet's Customers was reported to be 12.7 k in 2015
Y, 2015

Customers

12.7 k

TriNet Market Value History

TriNet Median Salaries

Source: 126 public H-1B filings from TriNet

Market Position of TriNet

Competitors

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Traffic Overview of TriNet

TriNet Online and Social Media Presence

TriNet Company Life and Culture

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