TriNet Group, Inc.

TNETNYSEIndustrials● Active

$47.01

+$0.37(+0.79%)

Market Cap$2.2B

P/E Ratio—

52W High$83.79

52W Low$33.61

Avg Volume455K

Open$47.07

Beta1.00

Free Cash Flow Financials Revenue

TriNet Group, Inc. (TNET) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TNET · free cash flow · updated Jun 8, 2026

Core FCF metrics

TNET · FCF · TTM · margin & CAGR

Free cash flow was $306.0M for FY2025 (fiscal year ending 2025-12-31), up 52.2% year-over-year The FCF margin was 6.1%. Five-year CAGR stands at -9.7%.

FY2025 Free Cash Flow$306.0M▲ +52.2% YoY

Trailing 12M (TTM)$330.0Mtrailing 4 quarters sum

FCF Margin6.1%$306.0M ÷ revenue

3-Year CAGR-15.4%FY2022 → FY2025

5-Year CAGR-9.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TNET · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$303.0M(3M)$306.0M▲ +52.2%6.1%

FY2024$279.0M(78M)$201.0M▼ 57.2%4.0%

FY2023$545.0M(75M)$470.0M▼ 7.1%9.6%

FY2022$562.0M(56M)$506.0M▲ +184.3%10.4%

FY2021$218.0M(40M)$178.0M▼ 65.1%3.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TNET · P/FCF · FCF yield · FCF per share

TriNet Group, Inc. (TNET) trades at a FCF yield of 15.40% and a price-to-free-cash-flow ratio of 6.8x. FCF per share stands at $6.88, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

15.40%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$6.88

TTM FCF ÷ Shares Outstanding

Price / FCF

x6.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x8.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

TNET · cash flow statement · operating / investing / financing

For FY2025, TriNet Group, Inc. generated $303.0M in operating cash flow and spent 3M in capital expenditures, yielding $306.0M in free cash flow.

Operating Activities

+$303.0M

Cash from core business operations

2025-12-31

Investing Activities

−$43.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$49.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($303.0M) − |CapEx| (3M) = FCF ($306.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

TNET vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

TriNet Group, Inc.YOU

TNET

$306.0M+52.2%6.1%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

TriNet Group, Inc. (TNET) reported free cash flow of $306.0M for FY2025 (fiscal year ending 2025-12-31), up 52.2% year-over-year. The FCF margin was 6.1%.

Based on available data, TriNet Group, Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $510.0M in FY2020. The 5-year CAGR stands at -9.7%.

TriNet Group, Inc.'s FCF yield is 15.40% and price-to-FCF ratio is 6.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TNET free cash flow · 8 questions

TriNet Group, Inc. free cash flow was $306.0M for FY2025, up 52.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $330.0M.

TNET free cash flowTNET FCFTNET FCF 2025TNET free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · TriNet Group, Inc. · TriNet Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026