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APPLIED INDUSTRIAL TECHNOLOGIES INC（AIT）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
APPLIED INDUSTRIAL TECHNOLOGIES INC的季度营收约是Sunrun Inc.的1.0倍（$1.2B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs 8.2%，领先0.7%），Sunrun Inc.同比增速更快（123.5% vs 8.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 0.7%）
AIT（Applied Industrial Technologies Inc）是总部位于美国的全球化上市工业企业，主营轴承、动力传动产品、工程级流体动力组件及系统、特种流量控制产品等工业用品分销，同时为工业及流体动力应用场景提供工程设计、系统集成及定制化配套服务。
Sunrun Inc.是美国知名的光伏系统及电池储能产品供应商，业务以服务住宅客户为主，2007年成立，总部位于加利福尼亚州旧金山，致力于为家庭用户提供高效的清洁能源解决方案。
AIT vs RUN — 直观对比
营收规模更大
AIT
是对方的1.0倍
$1.2B
营收增速更快
RUN
高出115.1%
8.4%
净利率更高
RUN
高出0.7%
8.2%
两年增速更快
RUN
近两年复合增速
0.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $95.3M | $103.6M |
| 毛利率 | 30.4% | — |
| 营业利润率 | 10.6% | 8.4% |
| 净利率 | 8.2% | 8.9% |
| 营收同比 | 8.4% | 123.5% |
| 净利润同比 | 2.2% | 103.7% |
| 每股收益（稀释后） | $2.51 | $0.38 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AITRUN
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $724.6M | ||
| Q2 25 | $1.2B | $569.3M | ||
| Q1 25 | $1.2B | $504.3M | ||
| Q4 24 | $1.1B | $518.5M | ||
| Q3 24 | $1.1B | $537.2M | ||
| Q2 24 | $1.2B | $523.9M | ||
| Q1 24 | $1.1B | $458.2M |
净利润AITRUN
| Q4 25 | $95.3M | $103.6M | ||
| Q3 25 | $100.8M | $16.6M | ||
| Q2 25 | $107.8M | $279.8M | ||
| Q1 25 | $99.8M | $50.0M | ||
| Q4 24 | $93.3M | $-2.8B | ||
| Q3 24 | $92.1M | $-83.8M | ||
| Q2 24 | $103.5M | $139.1M | ||
| Q1 24 | $97.2M | $-87.8M |
毛利率AITRUN
| Q4 25 | 30.4% | — | ||
| Q3 25 | 30.1% | — | ||
| Q2 25 | 30.6% | — | ||
| Q1 25 | 30.5% | — | ||
| Q4 24 | 30.6% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 30.7% | — | ||
| Q1 24 | 29.5% | — |
营业利润率AITRUN
| Q4 25 | 10.6% | 8.4% | ||
| Q3 25 | 10.8% | 0.5% | ||
| Q2 25 | 11.0% | -19.7% | ||
| Q1 25 | 11.1% | -22.8% | ||
| Q4 24 | 11.3% | -628.0% | ||
| Q3 24 | 10.3% | -23.8% | ||
| Q2 24 | 12.0% | -24.4% | ||
| Q1 24 | 10.6% | -40.0% |
净利率AITRUN
| Q4 25 | 8.2% | 8.9% | ||
| Q3 25 | 8.4% | 2.3% | ||
| Q2 25 | 8.8% | 49.1% | ||
| Q1 25 | 8.6% | 9.9% | ||
| Q4 24 | 8.7% | -542.7% | ||
| Q3 24 | 8.4% | -15.6% | ||
| Q2 24 | 8.9% | 26.5% | ||
| Q1 24 | 8.5% | -19.2% |
每股收益（稀释后）AITRUN
| Q4 25 | $2.51 | $0.38 | ||
| Q3 25 | $2.63 | $0.06 | ||
| Q2 25 | $2.80 | $1.07 | ||
| Q1 25 | $2.57 | $0.20 | ||
| Q4 24 | $2.39 | $-12.59 | ||
| Q3 24 | $2.36 | $-0.37 | ||
| Q2 24 | $2.64 | $0.55 | ||
| Q1 24 | $2.48 | $-0.40 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $406.0M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $1.9B | $3.1B |
| 总资产 | $3.2B | $22.6B |
| 负债/权益比越低杠杆越低 | — | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资AITRUN
| Q4 25 | $406.0M | — | ||
| Q3 25 | $418.7M | — | ||
| Q2 25 | $388.4M | — | ||
| Q1 25 | $352.8M | — | ||
| Q4 24 | $303.4M | — | ||
| Q3 24 | $538.5M | — | ||
| Q2 24 | $460.6M | — | ||
| Q1 24 | $456.5M | — |
总债务AITRUN
| Q4 25 | — | $14.7B | ||
| Q3 25 | — | $14.6B | ||
| Q2 25 | — | $14.0B | ||
| Q1 25 | — | $13.6B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | — | $12.5B | ||
| Q2 24 | — | $12.0B | ||
| Q1 24 | — | $11.1B |
股东权益AITRUN
| Q4 25 | $1.9B | $3.1B | ||
| Q3 25 | $1.9B | $3.0B | ||
| Q2 25 | $1.8B | $2.9B | ||
| Q1 25 | $1.8B | $2.6B | ||
| Q4 24 | $1.8B | $2.6B | ||
| Q3 24 | $1.8B | $5.3B | ||
| Q2 24 | $1.7B | $5.4B | ||
| Q1 24 | $1.7B | $5.2B |
总资产AITRUN
| Q4 25 | $3.2B | $22.6B | ||
| Q3 25 | $3.2B | $22.2B | ||
| Q2 25 | $3.2B | $21.2B | ||
| Q1 25 | $3.1B | $20.4B | ||
| Q4 24 | $3.0B | $19.9B | ||
| Q3 24 | $3.0B | $22.1B | ||
| Q2 24 | $3.0B | $21.4B | ||
| Q1 24 | $2.9B | $20.8B |
负债/权益比AITRUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | — | 4.90× | ||
| Q2 25 | — | 4.80× | ||
| Q1 25 | — | 5.19× | ||
| Q4 24 | — | 5.05× | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | — | 2.15× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $99.7M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $93.4M | — |
| 自由现金流率自由现金流/营收 | 8.0% | — |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 现金转化率经营现金流/净利润 | 1.05× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $458.5M | — |
8季度趋势，按日历期对齐
经营现金流AITRUN
| Q4 25 | $99.7M | $96.9M | ||
| Q3 25 | $119.3M | $-121.5M | ||
| Q2 25 | $147.0M | $-292.7M | ||
| Q1 25 | $122.5M | $-104.2M | ||
| Q4 24 | $95.1M | $-258.4M | ||
| Q3 24 | $127.7M | $-156.2M | ||
| Q2 24 | $119.2M | $-208.5M | ||
| Q1 24 | $84.2M | $-143.1M |
自由现金流AITRUN
| Q4 25 | $93.4M | — | ||
| Q3 25 | $112.0M | — | ||
| Q2 25 | $138.2M | — | ||
| Q1 25 | $114.9M | — | ||
| Q4 24 | $89.9M | — | ||
| Q3 24 | $122.2M | $-156.4M | ||
| Q2 24 | $111.7M | — | ||
| Q1 24 | $76.7M | — |
自由现金流率AITRUN
| Q4 25 | 8.0% | — | ||
| Q3 25 | 9.3% | — | ||
| Q2 25 | 11.3% | — | ||
| Q1 25 | 9.8% | — | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 11.1% | -29.1% | ||
| Q2 24 | 9.6% | — | ||
| Q1 24 | 6.7% | — |
资本支出强度AITRUN
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.5% | 0.0% | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 0.7% | — |
现金转化率AITRUN
| Q4 25 | 1.05× | 0.94× | ||
| Q3 25 | 1.18× | -7.33× | ||
| Q2 25 | 1.36× | -1.05× | ||
| Q1 25 | 1.23× | -2.08× | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 1.15× | -1.50× | ||
| Q1 24 | 0.87× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AIT
| Service Center Based Distribution Segment | $625.2M | 54% |
| Engineered Solutions Segment | $398.9M | 34% |
| Other | $75.8M | 7% |
| Hydradyne LLC | $63.1M | 5% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
