What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Trinet Group TNET Gross Profit

Discontinued — last reported Q4 '19

Gross Profit at other companies

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$2.87B+8.2%

PaychexPAYX

$1.38B+22.8%

ROP

Roper Technologies, Inc.ROP

$1.45B+12.4%

Carpenter TechnologyCRS

$251.8M+25.4%

Healthcare Services GroupHCSG

$75.83M+11.6%

SS&C TechnologiesSSNC

$801.8M+7.3%

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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Gross margin93.6%—

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.

$1.0Btotal revenue−$59.0Mtotal cost of revenue=$959M

The official record: Trinet Group’s 10-K, filed February 14, 2022, on SEC EDGAR. View the filing →

Questions, answered.

What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.