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Trinet Group Inc outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients’ employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.
2000
3.6K+
LTM Revenue $1.2B
LTM EBITDA $460M
$4.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Trinet Group has a last 12-month revenue of $1.2B and a last 12-month EBITDA of $460M.
In the most recent fiscal year, Trinet Group achieved revenue of $5.1B and an EBITDA of $374M.
Trinet Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Trinet Group valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $4.9B | $5.1B | XXX | XXX | XXX |
| Gross Profit | $1.1B | $1.1B | XXX | XXX | XXX |
| Gross Margin | 23% | 22% | XXX | XXX | XXX |
| EBITDA | $622M | $374M | XXX | XXX | XXX |
| EBITDA Margin | 13% | 7% | XXX | XXX | XXX |
| Net Profit | $355M | $375M | XXX | XXX | XXX |
| Net Margin | 7% | 7% | XXX | XXX | XXX |
| Net Debt | $142M | $806M | XXX | XXX | XXX |
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As of April 15, 2025, Trinet Group's stock price is $80.
Trinet Group has current market cap of $3.9B, and EV of $4.5B.
See Trinet Group trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4.5B | $3.9B | XXX | XXX | XXX | XXX | $4.94 |
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Sign UpAs of April 15, 2025, Trinet Group has market cap of $3.9B and EV of $4.5B.
Trinet Group's trades at 3.7x LTM EV/Revenue multiple, and 9.8x LTM EBITDA.
Analysts estimate Trinet Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Trinet Group and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $4.5B | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | XXX | XXX |
| EV/EBITDA | 12.1x | XXX | XXX | XXX |
| P/E | 22.3x | XXX | XXX | XXX |
| P/E/Growth | 10.4x | XXX | XXX | XXX |
| EV/FCF | 22.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpTrinet Group's NTM/LTM revenue growth is -6%
Trinet Group's revenue per employee for the last fiscal year averaged $1.4M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Trinet Group's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Trinet Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Trinet Group and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -40% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 1% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 13% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Brunel International | XXX | XXX | XXX | XXX | XXX | XXX |
| Randstad | XXX | XXX | XXX | XXX | XXX | XXX |
| Mastech Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Freelancer | XXX | XXX | XXX | XXX | XXX | XXX |
| McMillan Shakespeare | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Trinet Group acquired XXX companies to date.
Last acquisition by Trinet Group was XXXXXXXX, XXXXX XXXXX XXXXXX . Trinet Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Trinet Group founded? | Trinet Group was founded in 2000. |
| Where is Trinet Group headquartered? | Trinet Group is headquartered in United States of America. |
| How many employees does Trinet Group have? | As of today, Trinet Group has 3.6K+ employees. |
| Who is the CEO of Trinet Group? | Trinet Group's CEO is Mr. Michael Q. Simonds. |
| Is Trinet Group publicy listed? | Yes, Trinet Group is a public company listed on NYS. |
| What is the stock symbol of Trinet Group? | Trinet Group trades under TNET ticker. |
| When did Trinet Group go public? | Trinet Group went public in 2014. |
| Who are competitors of Trinet Group? | Similar companies to Trinet Group include e.g. Brunel International, Randstad, Mastech Digital, Freelancer. |
| What is the current market cap of Trinet Group? | Trinet Group's current market cap is $3.9B |
| What is the current revenue of Trinet Group? | Trinet Group's last 12-month revenue is $1.2B. |
| What is the current EBITDA of Trinet Group? | Trinet Group's last 12-month EBITDA is $460M. |
| What is the current EV/Revenue multiple of Trinet Group? | Current revenue multiple of Trinet Group is 3.7x. |
| What is the current EV/EBITDA multiple of Trinet Group? | Current EBITDA multiple of Trinet Group is 9.8x. |
| What is the current revenue growth of Trinet Group? | Trinet Group revenue growth between 2023 and 2024 was 3%. |
| Is Trinet Group profitable? | Yes, Trinet Group is EBITDA-positive (as of the last 12 months). |
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