vs
AMC Networks Inc.（AMCX）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AMC Networks Inc.的1.9倍（$1.2B vs $594.8M），Sunrun Inc.净利率更高（8.9% vs -9.3%，领先18.3%），Sunrun Inc.同比增速更快（123.5% vs -0.8%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -0.1%）
AMC网络公司是总部位于纽约市的美国独立大众传媒娱乐集团，旗下拥有AMC、BBC美国台、IFC、圣丹斯电视、We TV等多个有线频道，还经营纽约IFC中心艺术影院、独立电影公司、动漫版权发行商，以及AMC+、Acorn TV等多个付费订阅流媒体服务。
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。
AMCX vs RUN — 直观对比
营收规模更大
RUN
是对方的1.9倍
$594.8M
营收增速更快
RUN
高出124.3%
-0.8%
净利率更高
RUN
高出18.3%
-9.3%
两年增速更快
RUN
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $1.2B |
| 净利润 | $-55.5M | $103.6M |
| 毛利率 | 49.7% | — |
| 营业利润率 | -8.6% | 8.4% |
| 净利率 | -9.3% | 8.9% |
| 营收同比 | -0.8% | 123.5% |
| 净利润同比 | 80.5% | 103.7% |
| 每股收益（稀释后） | $-0.97 | $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AMCXRUN
| Q4 25 | $594.8M | $1.2B | ||
| Q3 25 | $561.7M | $724.6M | ||
| Q2 25 | $600.0M | $569.3M | ||
| Q1 25 | $555.2M | $504.3M | ||
| Q4 24 | $599.3M | $518.5M | ||
| Q3 24 | $599.6M | $537.2M | ||
| Q2 24 | $625.9M | $523.9M | ||
| Q1 24 | $596.5M | $458.2M |
净利润AMCXRUN
| Q4 25 | $-55.5M | $103.6M | ||
| Q3 25 | $76.5M | $16.6M | ||
| Q2 25 | $50.3M | $279.8M | ||
| Q1 25 | $18.0M | $50.0M | ||
| Q4 24 | $-284.5M | $-2.8B | ||
| Q3 24 | $41.4M | $-83.8M | ||
| Q2 24 | $-29.2M | $139.1M | ||
| Q1 24 | $45.8M | $-87.8M |
毛利率AMCXRUN
| Q4 25 | 49.7% | — | ||
| Q3 25 | 48.2% | — | ||
| Q2 25 | 52.7% | — | ||
| Q1 25 | 51.8% | — | ||
| Q4 24 | 51.2% | — | ||
| Q3 24 | 52.0% | — | ||
| Q2 24 | 55.2% | — | ||
| Q1 24 | 54.5% | — |
营业利润率AMCXRUN
| Q4 25 | -8.6% | 8.4% | ||
| Q3 25 | 9.9% | 0.5% | ||
| Q2 25 | 10.7% | -19.7% | ||
| Q1 25 | 11.6% | -22.8% | ||
| Q4 24 | -42.4% | -628.0% | ||
| Q3 24 | 15.6% | -23.8% | ||
| Q2 24 | 1.7% | -24.4% | ||
| Q1 24 | 18.5% | -40.0% |
净利率AMCXRUN
| Q4 25 | -9.3% | 8.9% | ||
| Q3 25 | 13.6% | 2.3% | ||
| Q2 25 | 8.4% | 49.1% | ||
| Q1 25 | 3.3% | 9.9% | ||
| Q4 24 | -47.5% | -542.7% | ||
| Q3 24 | 6.9% | -15.6% | ||
| Q2 24 | -4.7% | 26.5% | ||
| Q1 24 | 7.7% | -19.2% |
每股收益（稀释后）AMCXRUN
| Q4 25 | $-0.97 | $0.38 | ||
| Q3 25 | $1.38 | $0.06 | ||
| Q2 25 | $0.91 | $1.07 | ||
| Q1 25 | $0.34 | $0.20 | ||
| Q4 24 | $-6.23 | $-12.59 | ||
| Q3 24 | $0.76 | $-0.37 | ||
| Q2 24 | $-0.66 | $0.55 | ||
| Q1 24 | $1.03 | $-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 | $502.4M | — |
| 总债务越低越好 | $1.8B | $14.7B |
| 股东权益账面价值 | $981.9M | $3.1B |
| 总资产 | $3.9B | $22.6B |
| 负债/权益比越低杠杆越低 | 1.78× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资AMCXRUN
| Q4 25 | $502.4M | — | ||
| Q3 25 | $716.8M | — | ||
| Q2 25 | $866.4M | — | ||
| Q1 25 | $870.2M | — | ||
| Q4 24 | $784.6M | — | ||
| Q3 24 | $816.4M | — | ||
| Q2 24 | $802.6M | — | ||
| Q1 24 | $690.5M | — |
总债务AMCXRUN
| Q4 25 | $1.8B | $14.7B | ||
| Q3 25 | $1.9B | $14.6B | ||
| Q2 25 | $2.2B | $14.0B | ||
| Q1 25 | $2.3B | $13.6B | ||
| Q4 24 | $2.3B | $12.9B | ||
| Q3 24 | $2.3B | $12.5B | ||
| Q2 24 | $2.4B | $12.0B | ||
| Q1 24 | $2.3B | $11.1B |
股东权益AMCXRUN
| Q4 25 | $981.9M | $3.1B | ||
| Q3 25 | $1.1B | $3.0B | ||
| Q2 25 | $971.7M | $2.9B | ||
| Q1 25 | $888.8M | $2.6B | ||
| Q4 24 | $855.6M | $2.6B | ||
| Q3 24 | $1.1B | $5.3B | ||
| Q2 24 | $1.1B | $5.4B | ||
| Q1 24 | $1.1B | $5.2B |
总资产AMCXRUN
| Q4 25 | $3.9B | $22.6B | ||
| Q3 25 | $4.2B | $22.2B | ||
| Q2 25 | $4.4B | $21.2B | ||
| Q1 25 | $4.3B | $20.4B | ||
| Q4 24 | $4.4B | $19.9B | ||
| Q3 24 | $4.8B | $22.1B | ||
| Q2 24 | $4.9B | $21.4B | ||
| Q1 24 | $4.9B | $20.8B |
负债/权益比AMCXRUN
| Q4 25 | 1.78× | 4.69× | ||
| Q3 25 | 1.82× | 4.90× | ||
| Q2 25 | 2.27× | 4.80× | ||
| Q1 25 | 2.62× | 5.19× | ||
| Q4 24 | 2.73× | 5.05× | ||
| Q3 24 | 2.10× | 2.36× | ||
| Q2 24 | 2.26× | 2.23× | ||
| Q1 24 | 2.17× | 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 | $49.2M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $40.4M | — |
| 自由现金流率自由现金流/营收 | 6.8% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 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 | $272.4M | — |
8季度趋势，按日历期对齐
经营现金流AMCXRUN
| Q4 25 | $49.2M | $96.9M | ||
| Q3 25 | $44.8M | $-121.5M | ||
| Q2 25 | $102.8M | $-292.7M | ||
| Q1 25 | $108.8M | $-104.2M | ||
| Q4 24 | $58.1M | $-258.4M | ||
| Q3 24 | $62.2M | $-156.2M | ||
| Q2 24 | $104.4M | $-208.5M | ||
| Q1 24 | $150.9M | $-143.1M |
自由现金流AMCXRUN
| Q4 25 | $40.4M | — | ||
| Q3 25 | $42.0M | — | ||
| Q2 25 | $95.7M | — | ||
| Q1 25 | $94.2M | — | ||
| Q4 24 | $37.6M | — | ||
| Q3 24 | $53.9M | $-156.4M | ||
| Q2 24 | $95.2M | — | ||
| Q1 24 | $144.1M | — |
自由现金流率AMCXRUN
| Q4 25 | 6.8% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 16.0% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 9.0% | -29.1% | ||
| Q2 24 | 15.2% | — | ||
| Q1 24 | 24.2% | — |
资本支出强度AMCXRUN
| Q4 25 | 1.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 1.4% | 0.0% | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.1% | — |
现金转化率AMCXRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | 0.59× | -7.33× | ||
| Q2 25 | 2.04× | -1.05× | ||
| Q1 25 | 6.03× | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | — | -1.50× | ||
| Q1 24 | 3.29× | — |
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
AMCX
| Subscription And Circulation | $314.8M | 53% |
| Advertising | $124.9M | 21% |
| Other | $79.1M | 13% |
| License | $74.8M | 13% |
| Related Party | $1.2M | 0% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
