ManpowerGroup Inc. (MAN) vs TriNet Group, Inc. (TNET)

ManpowerGroup Inc. and TriNet Group, Inc. are both Staffing & Employment Services companies. TriNet Group, Inc. is the larger, with a market value of $3.0B against $2.7B — 1.1× the size. TriNet Group, Inc. trades at the lower P/E: 17.4× against 25.7×. ManpowerGroup Inc. grew revenue faster over the last twelve months: 6.72% against −3.32%. TriNet Group, Inc. has the higher net margin (3.63% vs 0.56%) and the lower return on invested capital (0.00% vs 7.21%). Across the 22 metrics below, TriNet Group, Inc. leads on 15 and ManpowerGroup Inc. on 7.

Valuation

Metric MAN TNET Staffing & Employment Services median
P/E 25.74 17.36 24.32
P/S 0.14 0.62 0.41
P/B 1.28 23.96 1.28
Price to free cash flow 38.91 10.40 18.57
EV/EBITDA 8.28 6.91 10.55
EV/Sales 0.16 0.54 0.40
Earnings yield 3.88% 5.76% 0.99%
Free cash flow yield 2.57% 9.62% 2.79%

Profitability

Metric MAN TNET Staffing & Employment Services median
Gross margin 16.24% 18.15% 23.11%
Operating margin 1.54% 5.08% 0.08%
Net margin 0.56% 3.63% 0.23%
Free cash flow margin 0.37% 5.97% 1.23%
Return on equity 5.08% 150.86% 2.31%
Return on assets 1.23% 4.98% 0.00%
Return on invested capital 7.21% 0.00% 0.00%

Growth

Metric MAN TNET Staffing & Employment Services median
Revenue growth (TTM) 6.72% (3.32%) 0.69%
EPS growth (last fiscal year) (109.63%) (6.71%) —
Revenue growth, 5-year CAGR (0.05%) 4.15% 1.23%
Net income growth, 5-year CAGR 0.00% (10.64%) 0.00%

Health

Metric MAN TNET Staffing & Employment Services median
Debt to equity 0.27 7.17 0.08
Current ratio 1.04 1.13 1.50
Net debt to EBITDA 0.77 (3.31) (0.22)

Dividend

Metric MAN TNET Staffing & Employment Services median
Dividend yield 3.96% — 2.16%
Payout ratio 0.48 0.00 0.30

Size

Metric MAN TNET Staffing & Employment Services median
Market cap 2.65b 3.01b 590.17m

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