TriNet Group, Inc. (TNET) is a Technology stock trading at $67.24 (as of 2026-09-18), with a market capitalization of $3.09B and a trailing P/E of 17.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
TriNet Group, Inc. provides human resources (HR) solutions, payroll services, employee benefits, and employment risk mitigation services for small and midsize businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services. It serves clients in various industries, including technology, professional services, financial services, life sciences, not-for-profit, property management, retail, manufacturing, and hospitality. The company sells its solutions through its direct sales organization. TriNet Group, Inc. was incorporated in 1988 and is headquartered in Dublin, California.
TriNet sells payroll, benefits, workers' comp insurance, and HR compliance to small and midsize US employers, earning per-employee fees plus insurance premiums it underwrites in-house. Most revenue (88%) comes from that insurance book, making WSE volume and claims experience the key swing factors.
The engine is a per-employee take-rate on roughly 300K worksite employees, thickened by underwriting workers' comp in-house so TriNet captures both the service fee and the insurance premium spread.
| Insurance Services | $1.1B |
| Professional Services | $0.2B |
Business quality (Solid): Solid recurring-fee model at 6% operating margins and a 13.9x P/E; the in-house insurance underwriting adds earnings thickness but also exposes results to claims-cycle volatility.
Valuation: Trades at 14× trailing earnings · $3.2B market cap.
| Price | $67.24 |
| Market Cap | $3.09B |
| P/E Ratio | 17.7 |
| Price / Book | 24.71 |
| Price / Sales | 0.63 |
| Dividend Yield | 1.7% |
| FCF Yield | 9.3% |
| DCF Value (model) | $90.01 |
| DCF Upside vs Price | 33.9% |
| Revenue (TTM) | $5.01B |
| Net Margin | 3.1% |
| Return on Equity | 140.0% |
| Current Ratio | 1.13 |
| Revenue Growth (YoY) | -4.8% |
| EPS Growth (YoY) | 50.6% |
| FCF Growth (YoY) | 17.5% |
| Stock P/E | 17.7 |
| Sector P/E (Technology) | 30.2 |
| Industry P/E (Business Services) | 24.8 |
| vs Sector | -41.5% |
| vs Industry | -28.8% |
| Top Institutional Holder | Atairos Group, Inc. ($895.06M) |
| Institutional Holders Tracked | 10 |
| Sector | Technology |
| Industry | Business Services |
| CEO | Michael Quinn Simonds |
| Employees | 343,025 |
| Country | US |
| IPO Date | 2014-03-27 |
Data as of 2026-09-18.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.