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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
AMC ENTERTAINMENT HOLDINGS, INC.的季度营收约是Sunrun Inc.的1.1倍（$1.3B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -9.9%，领先18.8%），Sunrun Inc.同比增速更快（123.5% vs -1.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 16.4%）
AMC娱乐控股是总部位于美国堪萨斯州利伍德的连锁影院集团，1920年创立于密苏里州堪萨斯城，是全球规模最大的影院运营商，目前在全球共运营约860家影院、总计超过9600块银幕，业务覆盖美国与欧洲多地。
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。
AMC vs RUN — 直观对比
营收规模更大
AMC
是对方的1.1倍
$1.2B
营收增速更快
RUN
高出124.9%
-1.4%
净利率更高
RUN
高出18.8%
-9.9%
两年增速更快
RUN
近两年复合增速
16.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $-127.4M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | 8.4% |
| 净利率 | -9.9% | 8.9% |
| 营收同比 | -1.4% | 123.5% |
| 净利润同比 | 6.0% | 103.7% |
| 每股收益（稀释后） | $-0.28 | $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AMCRUN
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $724.6M | ||
| Q2 25 | $1.4B | $569.3M | ||
| Q1 25 | $862.5M | $504.3M | ||
| Q4 24 | $1.3B | $518.5M | ||
| Q3 24 | $1.3B | $537.2M | ||
| Q2 24 | $1.0B | $523.9M | ||
| Q1 24 | $951.4M | $458.2M |
净利润AMCRUN
| Q4 25 | $-127.4M | $103.6M | ||
| Q3 25 | $-298.2M | $16.6M | ||
| Q2 25 | $-4.7M | $279.8M | ||
| Q1 25 | $-202.1M | $50.0M | ||
| Q4 24 | $-135.6M | $-2.8B | ||
| Q3 24 | $-20.7M | $-83.8M | ||
| Q2 24 | $-32.8M | $139.1M | ||
| Q1 24 | $-163.5M | $-87.8M |
营业利润率AMCRUN
| Q4 25 | 0.0% | 8.4% | ||
| Q3 25 | 2.8% | 0.5% | ||
| Q2 25 | 6.6% | -19.7% | ||
| Q1 25 | -16.9% | -22.8% | ||
| Q4 24 | 0.4% | -628.0% | ||
| Q3 24 | 5.3% | -23.8% | ||
| Q2 24 | -4.6% | -24.4% | ||
| Q1 24 | -11.4% | -40.0% |
净利率AMCRUN
| Q4 25 | -9.9% | 8.9% | ||
| Q3 25 | -22.9% | 2.3% | ||
| Q2 25 | -0.3% | 49.1% | ||
| Q1 25 | -23.4% | 9.9% | ||
| Q4 24 | -10.4% | -542.7% | ||
| Q3 24 | -1.5% | -15.6% | ||
| Q2 24 | -3.2% | 26.5% | ||
| Q1 24 | -17.2% | -19.2% |
每股收益（稀释后）AMCRUN
| Q4 25 | $-0.28 | $0.38 | ||
| Q3 25 | $-0.58 | $0.06 | ||
| Q2 25 | $-0.01 | $1.07 | ||
| Q1 25 | $-0.47 | $0.20 | ||
| Q4 24 | $-0.28 | $-12.59 | ||
| Q3 24 | $-0.06 | $-0.37 | ||
| Q2 24 | $-0.10 | $0.55 | ||
| Q1 24 | $-0.62 | $-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 | $428.5M | — |
| 总债务越低越好 | $4.0B | $14.7B |
| 股东权益账面价值 | $-1.9B | $3.1B |
| 总资产 | $8.0B | $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AMCRUN
| Q4 25 | $428.5M | — | ||
| Q3 25 | $365.8M | — | ||
| Q2 25 | $423.7M | — | ||
| Q1 25 | $378.7M | — | ||
| Q4 24 | $632.3M | — | ||
| Q3 24 | $527.4M | — | ||
| Q2 24 | $770.3M | — | ||
| Q1 24 | $624.2M | — |
总债务AMCRUN
| Q4 25 | $4.0B | $14.7B | ||
| Q3 25 | — | $14.6B | ||
| Q2 25 | — | $14.0B | ||
| Q1 25 | $4.1B | $13.6B | ||
| Q4 24 | $4.1B | $12.9B | ||
| Q3 24 | $4.2B | $12.5B | ||
| Q2 24 | $4.3B | $12.0B | ||
| Q1 24 | $4.5B | $11.1B |
股东权益AMCRUN
| Q4 25 | $-1.9B | $3.1B | ||
| Q3 25 | $-1.8B | $3.0B | ||
| Q2 25 | $-1.7B | $2.9B | ||
| Q1 25 | $-1.7B | $2.6B | ||
| Q4 24 | $-1.8B | $2.6B | ||
| Q3 24 | $-1.7B | $5.3B | ||
| Q2 24 | $-1.7B | $5.4B | ||
| Q1 24 | $-2.0B | $5.2B |
总资产AMCRUN
| Q4 25 | $8.0B | $22.6B | ||
| Q3 25 | $8.0B | $22.2B | ||
| Q2 25 | $8.2B | $21.2B | ||
| Q1 25 | $8.1B | $20.4B | ||
| Q4 24 | $8.2B | $19.9B | ||
| Q3 24 | $8.3B | $22.1B | ||
| Q2 24 | $8.6B | $21.4B | ||
| Q1 24 | $8.5B | $20.8B |
负债/权益比AMCRUN
| 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 | $126.7M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $43.3M | — |
| 自由现金流率自由现金流/营收 | 3.4% | — |
| 资本支出强度资本支出/营收 | 6.5% | — |
| 现金转化率经营现金流/净利润 | — | 0.94× |
| 过去12个月自由现金流最近4个季度 | $-365.9M | — |
8季度趋势，按日历期对齐
经营现金流AMCRUN
| Q4 25 | $126.7M | $96.9M | ||
| Q3 25 | $-14.9M | $-121.5M | ||
| Q2 25 | $138.4M | $-292.7M | ||
| Q1 25 | $-370.0M | $-104.2M | ||
| Q4 24 | $203.6M | $-258.4M | ||
| Q3 24 | $-31.5M | $-156.2M | ||
| Q2 24 | $-34.6M | $-208.5M | ||
| Q1 24 | $-188.3M | $-143.1M |
自由现金流AMCRUN
| Q4 25 | $43.3M | — | ||
| Q3 25 | $-81.1M | — | ||
| Q2 25 | $88.9M | — | ||
| Q1 25 | $-417.0M | — | ||
| Q4 24 | $113.9M | — | ||
| Q3 24 | $-92.2M | $-156.4M | ||
| Q2 24 | $-79.2M | — | ||
| Q1 24 | $-238.8M | — |
自由现金流率AMCRUN
| Q4 25 | 3.4% | — | ||
| Q3 25 | -6.2% | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | -48.3% | — | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | -6.8% | -29.1% | ||
| Q2 24 | -7.7% | — | ||
| Q1 24 | -25.1% | — |
资本支出强度AMCRUN
| Q4 25 | 6.5% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 4.5% | 0.0% | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 5.3% | — |
现金转化率AMCRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -1.50× | ||
| Q1 24 | — | — |
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
AMC
| Admission | $701.6M | 54% |
| Food And Beverage | $436.5M | 34% |
| Other | $106.2M | 8% |
| Advertising | $44.0M | 3% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
