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阿卡迈（AKAM）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Sunrun Inc.的季度营收约是阿卡迈的1.1倍（$1.2B vs $1.1B），Sunrun Inc.净利率更高（8.9% vs 7.8%，领先1.2%），Sunrun Inc.同比增速更快（123.5% vs 7.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 5.3%）
阿卡迈是全球领先的云服务提供商，业务覆盖美国及全球其他地区，可为客户提供内容与商业应用的安全防护、分发及性能优化服务。其云解决方案能保障基础设施、网站、应用、API及用户免受各类网络攻击，同时提升运行效率，还可针对动态网站、应用及媒体场景提供Web与移动端性能优化方案。
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。
AKAM vs RUN — 直观对比
营收规模更大
RUN
是对方的1.1倍
$1.1B
营收增速更快
RUN
高出116.1%
7.4%
净利率更高
RUN
高出1.2%
7.8%
两年增速更快
RUN
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $85.1M | $103.6M |
| 毛利率 | 58.7% | — |
| 营业利润率 | 8.7% | 8.4% |
| 净利率 | 7.8% | 8.9% |
| 营收同比 | 7.4% | 123.5% |
| 净利润同比 | -39.2% | 103.7% |
| 每股收益（稀释后） | $0.57 | $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AKAMRUN
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $724.6M | ||
| Q2 25 | $1.0B | $569.3M | ||
| Q1 25 | $1.0B | $504.3M | ||
| Q4 24 | $1.0B | $518.5M | ||
| Q3 24 | $1.0B | $537.2M | ||
| Q2 24 | $979.6M | $523.9M | ||
| Q1 24 | $987.0M | $458.2M |
净利润AKAMRUN
| Q4 25 | $85.1M | $103.6M | ||
| Q3 25 | $140.2M | $16.6M | ||
| Q2 25 | $103.6M | $279.8M | ||
| Q1 25 | $123.2M | $50.0M | ||
| Q4 24 | $139.9M | $-2.8B | ||
| Q3 24 | $57.9M | $-83.8M | ||
| Q2 24 | $131.7M | $139.1M | ||
| Q1 24 | $175.4M | $-87.8M |
毛利率AKAMRUN
| Q4 25 | 58.7% | — | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.1% | — | ||
| Q1 25 | 58.7% | — | ||
| Q4 24 | 59.4% | — | ||
| Q3 24 | 59.3% | — | ||
| Q2 24 | 58.9% | — | ||
| Q1 24 | 60.0% | — |
营业利润率AKAMRUN
| Q4 25 | 8.7% | 8.4% | ||
| Q3 25 | 15.7% | 0.5% | ||
| Q2 25 | 14.5% | -19.7% | ||
| Q1 25 | 15.2% | -22.8% | ||
| Q4 24 | 14.5% | -628.0% | ||
| Q3 24 | 7.0% | -23.8% | ||
| Q2 24 | 15.1% | -24.4% | ||
| Q1 24 | 16.9% | -40.0% |
净利率AKAMRUN
| Q4 25 | 7.8% | 8.9% | ||
| Q3 25 | 13.3% | 2.3% | ||
| Q2 25 | 9.9% | 49.1% | ||
| Q1 25 | 12.1% | 9.9% | ||
| Q4 24 | 13.7% | -542.7% | ||
| Q3 24 | 5.8% | -15.6% | ||
| Q2 24 | 13.4% | 26.5% | ||
| Q1 24 | 17.8% | -19.2% |
每股收益（稀释后）AKAMRUN
| Q4 25 | $0.57 | $0.38 | ||
| Q3 25 | $0.97 | $0.06 | ||
| Q2 25 | $0.71 | $1.07 | ||
| Q1 25 | $0.82 | $0.20 | ||
| Q4 24 | $0.92 | $-12.59 | ||
| Q3 24 | $0.38 | $-0.37 | ||
| Q2 24 | $0.86 | $0.55 | ||
| Q1 24 | $1.11 | $-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 | $1.2B | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $5.0B | $3.1B |
| 总资产 | $11.5B | $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AKAMRUN
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $966.6M | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.7B | — |
总债务AKAMRUN
| 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AKAMRUN
| Q4 25 | $5.0B | $3.1B | ||
| Q3 25 | $4.7B | $3.0B | ||
| Q2 25 | $4.5B | $2.9B | ||
| Q1 25 | $4.6B | $2.6B | ||
| Q4 24 | $4.9B | $2.6B | ||
| Q3 24 | $4.8B | $5.3B | ||
| Q2 24 | $4.8B | $5.4B | ||
| Q1 24 | $4.6B | $5.2B |
总资产AKAMRUN
| Q4 25 | $11.5B | $22.6B | ||
| Q3 25 | $10.8B | $22.2B | ||
| Q2 25 | $10.5B | $21.2B | ||
| Q1 25 | $10.0B | $20.4B | ||
| Q4 24 | $10.4B | $19.9B | ||
| Q3 24 | $10.2B | $22.1B | ||
| Q2 24 | $10.1B | $21.4B | ||
| Q1 24 | $9.9B | $20.8B |
负债/权益比AKAMRUN
| 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 | $366.6M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $234.9M | — |
| 自由现金流率自由现金流/营收 | 21.5% | — |
| 资本支出强度资本支出/营收 | 12.0% | — |
| 现金转化率经营现金流/净利润 | 4.31× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
经营现金流AKAMRUN
| Q4 25 | $366.6M | $96.9M | ||
| Q3 25 | $441.8M | $-121.5M | ||
| Q2 25 | $459.1M | $-292.7M | ||
| Q1 25 | $251.2M | $-104.2M | ||
| Q4 24 | $343.8M | $-258.4M | ||
| Q3 24 | $392.5M | $-156.2M | ||
| Q2 24 | $431.0M | $-208.5M | ||
| Q1 24 | $351.9M | $-143.1M |
自由现金流AKAMRUN
| Q4 25 | $234.9M | — | ||
| Q3 25 | $329.1M | — | ||
| Q2 25 | $313.6M | — | ||
| Q1 25 | $133.4M | — | ||
| Q4 24 | $250.9M | — | ||
| Q3 24 | $279.7M | $-156.4M | ||
| Q2 24 | $340.0M | — | ||
| Q1 24 | $258.1M | — |
自由现金流率AKAMRUN
| Q4 25 | 21.5% | — | ||
| Q3 25 | 31.2% | — | ||
| Q2 25 | 30.1% | — | ||
| Q1 25 | 13.1% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 27.8% | -29.1% | ||
| Q2 24 | 34.7% | — | ||
| Q1 24 | 26.2% | — |
资本支出强度AKAMRUN
| Q4 25 | 12.0% | — | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 13.9% | — | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 11.2% | 0.0% | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | 9.5% | — |
现金转化率AKAMRUN
| Q4 25 | 4.31× | 0.94× | ||
| Q3 25 | 3.15× | -7.33× | ||
| Q2 25 | 4.43× | -1.05× | ||
| Q1 25 | 2.04× | -2.08× | ||
| Q4 24 | 2.46× | — | ||
| Q3 24 | 6.78× | — | ||
| Q2 24 | 3.27× | -1.50× | ||
| Q1 24 | 2.01× | — |
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
AKAM
| Security | $592.4M | 54% |
| Delivery | $311.1M | 28% |
| Cloud Computing | $191.4M | 17% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
