TriNet
TNET
TriNet trades at 3.3x EV/NTM revenue on a $3.76B enterprise value. Revenue grew -4.8% year over year to $1.18B in the quarter ending June 2026, an annual run rate of $4.71B. TriNet reports a 20.9% gross margin.
ARR ($M)
4712
Net Dollar Retention
--
ARR Growth
-4.8%
EV / NTM Revenue
3.3x
Payback Period
EV / Run Rate
0.8x
Price & Key Metrics
Price Performance
Company Details
Share Price: 70.27
Last Filing Date: 2026-06-30
Fiscal Year End: 12-31
Last Filing: Form
Founding Year: 1988
IPO Year: 2014
% of 52 wk High: 98%
Description
TriNet offers 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.
Reporting Notes
Categories
HCM Software
B2B SaaS
SMB
Enterprise Software
Valuation
Market Cap: 3,225.726
Enterprise Value: 3,763.726
EV / Revenue Run Rate: 0.8x
EV / NTM Revenue: 3.3x
EV / 2026 Revenue Estimates: 3.1x
EV / 2027 Revenue Estimates: 3.3x
EV / 2028 Revenue Estimates: --
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: 4,712
ARR Growth %: -5%
ARR/Customer ($K): --
ARR/Employee ($K): --
Revenue
Revenue Run Rate: 4,712
ARR: 4,712
2026 Revenue Estimates: 1,203
2027 Revenue Estimates: 1,145
2028 Revenue Estimates: --
LTM Revenue: 4,884
Last Year Run Rate: 4,952
Growth
Revenue Growth: -5%
ARR Growth: -5%
Growth Persistence: --
2026 Revenue Growth Estimates: 2%
2027 Revenue Growth Estimates: -5%
2028 Revenue Growth Estimates: --
Financials
Quarterly
Calendar Year
Frequently Asked Questions
How fast is TriNet growing?
TriNet grew revenue -4.8% year over year, reaching $1.18B in the quarter ending June 2026.
What multiple does TriNet trade at?
TriNet trades at 3.3x EV/NTM revenue and 0.8x EV/run-rate, on an enterprise value of $3.76B.
Is TriNet profitable?
For TriNet, operating income was $88.0M last quarter and LTM free cash flow margin is 5.9%.
What sector is TriNet in?
Public Comps classifies TriNet under HCM Software, B2B SaaS, SMB, and Enterprise Software.
Where does Public Comps get TriNet's data?
Figures come from TriNet's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.