TriNet
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TriNet

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    • Human Resources & RecruitingTechnologycloudenterprise softwarehrtechrecruiting

    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.

    Revenue(FY, 2017)
    $3.3 B
    Market capitalization(2018-04-23)
    $3.6 B
    Enterprise Customers(FY, 2017)
    14.8 K
    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
    Show more

    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
    Show all (43)
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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%
    show all
    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
    show all
    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
    show all
    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
    Show all financial metrics

    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
    Show all operating metrics

    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.
    Show more
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    Competitors

    Oasis Outsourcing
    Human Resources & Recruiting - Private
    SAP SuccessFactors
    Human Resources & Recruiting - Subsidiary
    Ultimate Software
    Human Resources & Recruiting - Public
    Workday
    Technology - Public
    Gusto
    Financial Services - Private
    Zenefits
    Human Resources & Recruiting - Private
    Compare competitors

    TriNet News and Updates

    February 20, 2018

    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.'
    December 20, 2017

    #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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