What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Trinet Group TNET Gross margin

Discontinued — last reported Q4 '19

Gross margin at other companies

Automatic Data Processing, Inc.ADP

46.2%+0.2pp

PaychexPAYX

73.9%+1.9pp

ROP

Roper Technologies, Inc.ROP

69.4%+0.5pp

Carpenter TechnologyCRS

29.7%+4.2pp

Healthcare Services GroupHCSG

13.3%0.0pp

SS&C TechnologiesSSNC

48%-0.7pp

Other financials

Income statement

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Revenue$1.2B-5.1%

Operating income$58.0M-50.0%

Net income$89.0M+4.7%

EPS (diluted)$1.90+11.1%

Balance sheet

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Cash & equivalents$1.4B+8.4%

Total debt$946.0M+0.1%

Total equity$83.0M+31.7%

Total assets$3.4B-9.4%

Cash flow

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Operating cash flow$149.0M+56.8%

CapEx$26.0M+62.5%

Free cash flow$123.0M+55.7%

Valuation

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Market cap$2.11B-56.1%

Enterprise value$1.66B-64.4%

P/E13.2×—

P/S0.4×-0.5×

Profitability

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Operating margin6.8%-2.1pp

Net margin3.2%—

FCF margin5.6%+1.5pp

Returns & leverage

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Return on equity219.2%—

Debt / equity11.4×-3.6×

Current ratio1.1×0.0×

Where this comes from

Calculated from Trinet Group’s reported figures.

gross profit/total revenue=93.6%

Based on trailing twelve months.

The official record: Trinet Group’s 10-Q, filed October 25, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.