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安靠科技（AMKR）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
安靠科技的季度营收约是Sunrun Inc.的1.5倍（$1.7B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs 4.9%，领先4.0%），Sunrun Inc.同比增速更快（123.5% vs 27.5%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 7.4%）
安靠科技是全球领先的半导体封装与测试服务供应商，成立于1968年，2005年将总部从美国宾夕法尼亚州西切斯特迁至亚利桑那州，先后落脚于钱德勒和坦佩。截至2022年，集团全球员工约3.1万名，年销售额达71亿美元，为半导体行业客户提供专业的封装测试解决方案。
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。
AMKR vs RUN — 直观对比
营收规模更大
AMKR
是对方的1.5倍
$1.2B
营收增速更快
RUN
高出96.0%
27.5%
净利率更高
RUN
高出4.0%
4.9%
两年增速更快
RUN
近两年复合增速
7.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $83.0M | $103.6M |
| 毛利率 | 14.2% | — |
| 营业利润率 | 5.9% | 8.4% |
| 净利率 | 4.9% | 8.9% |
| 营收同比 | 27.5% | 123.5% |
| 净利润同比 | 295.2% | 103.7% |
| 每股收益（稀释后） | $0.33 | $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AMKRRUN
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $2.0B | $724.6M | ||
| Q2 25 | $1.5B | $569.3M | ||
| Q1 25 | $1.3B | $504.3M | ||
| Q4 24 | $1.6B | $518.5M | ||
| Q3 24 | $1.9B | $537.2M | ||
| Q2 24 | $1.5B | $523.9M |
净利润AMKRRUN
| Q1 26 | $83.0M | — | ||
| Q4 25 | $171.8M | $103.6M | ||
| Q3 25 | $126.6M | $16.6M | ||
| Q2 25 | $54.4M | $279.8M | ||
| Q1 25 | $21.1M | $50.0M | ||
| Q4 24 | $105.6M | $-2.8B | ||
| Q3 24 | $122.6M | $-83.8M | ||
| Q2 24 | $66.9M | $139.1M |
毛利率AMKRRUN
| Q1 26 | 14.2% | — | ||
| Q4 25 | 16.7% | — | ||
| Q3 25 | 14.3% | — | ||
| Q2 25 | 12.0% | — | ||
| Q1 25 | 11.9% | — | ||
| Q4 24 | 15.1% | — | ||
| Q3 24 | 14.6% | — | ||
| Q2 24 | 14.5% | — |
营业利润率AMKRRUN
| Q1 26 | 5.9% | — | ||
| Q4 25 | 9.8% | 8.4% | ||
| Q3 25 | 8.0% | 0.5% | ||
| Q2 25 | 6.1% | -19.7% | ||
| Q1 25 | 2.4% | -22.8% | ||
| Q4 24 | 8.3% | -628.0% | ||
| Q3 24 | 8.0% | -23.8% | ||
| Q2 24 | 5.6% | -24.4% |
净利率AMKRRUN
| Q1 26 | 4.9% | — | ||
| Q4 25 | 9.1% | 8.9% | ||
| Q3 25 | 6.4% | 2.3% | ||
| Q2 25 | 3.6% | 49.1% | ||
| Q1 25 | 1.6% | 9.9% | ||
| Q4 24 | 6.5% | -542.7% | ||
| Q3 24 | 6.6% | -15.6% | ||
| Q2 24 | 4.6% | 26.5% |
每股收益（稀释后）AMKRRUN
| Q1 26 | $0.33 | — | ||
| Q4 25 | $0.68 | $0.38 | ||
| Q3 25 | $0.51 | $0.06 | ||
| Q2 25 | $0.22 | $1.07 | ||
| Q1 25 | $0.09 | $0.20 | ||
| Q4 24 | $0.43 | $-12.59 | ||
| Q3 24 | $0.49 | $-0.37 | ||
| Q2 24 | $0.27 | $0.55 |
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 | $1.8B | — |
| 总债务越低越好 | $1.3B | $14.7B |
| 股东权益账面价值 | $4.6B | $3.1B |
| 总资产 | $8.3B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.28× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资AMKRRUN
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
总债务AMKRRUN
| Q1 26 | $1.3B | — | ||
| 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 |
股东权益AMKRRUN
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.5B | $3.1B | ||
| Q3 25 | $4.3B | $3.0B | ||
| Q2 25 | $4.2B | $2.9B | ||
| Q1 25 | $4.2B | $2.6B | ||
| Q4 24 | $4.1B | $2.6B | ||
| Q3 24 | $4.2B | $5.3B | ||
| Q2 24 | $4.0B | $5.4B |
总资产AMKRRUN
| Q1 26 | $8.3B | — | ||
| Q4 25 | $8.1B | $22.6B | ||
| Q3 25 | $8.2B | $22.2B | ||
| Q2 25 | $7.7B | $21.2B | ||
| Q1 25 | $6.9B | $20.4B | ||
| Q4 24 | $6.9B | $19.9B | ||
| Q3 24 | $7.0B | $22.1B | ||
| Q2 24 | $6.9B | $21.4B |
负债/权益比AMKRRUN
| Q1 26 | 0.28× | — | ||
| 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× |
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 | $145.1M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 29.0% | — |
| 现金转化率经营现金流/净利润 | 1.75× | 0.94× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AMKRRUN
| Q1 26 | $145.1M | — | ||
| Q4 25 | $644.5M | $96.9M | ||
| Q3 25 | $168.5M | $-121.5M | ||
| Q2 25 | $258.5M | $-292.7M | ||
| Q1 25 | $24.1M | $-104.2M | ||
| Q4 24 | $537.6M | $-258.4M | ||
| Q3 24 | $164.2M | $-156.2M | ||
| Q2 24 | $224.8M | $-208.5M |
自由现金流AMKRRUN
| Q1 26 | — | — | ||
| Q4 25 | $212.4M | — | ||
| Q3 25 | $-77.9M | — | ||
| Q2 25 | $112.3M | — | ||
| Q1 25 | $-55.7M | — | ||
| Q4 24 | $251.9M | — | ||
| Q3 24 | $-31.3M | $-156.4M | ||
| Q2 24 | $58.4M | — |
自由现金流率AMKRRUN
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | — | ||
| Q3 25 | -3.9% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | -4.2% | — | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | -1.7% | -29.1% | ||
| Q2 24 | 4.0% | — |
资本支出强度AMKRRUN
| Q1 26 | 29.0% | — | ||
| Q4 25 | 22.9% | — | ||
| Q3 25 | 12.4% | — | ||
| Q2 25 | 9.7% | — | ||
| Q1 25 | 6.0% | — | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 10.5% | 0.0% | ||
| Q2 24 | 11.4% | — |
现金转化率AMKRRUN
| Q1 26 | 1.75× | — | ||
| Q4 25 | 3.75× | 0.94× | ||
| Q3 25 | 1.33× | -7.33× | ||
| Q2 25 | 4.75× | -1.05× | ||
| Q1 25 | 1.14× | -2.08× | ||
| Q4 24 | 5.09× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 3.36× | -1.50× |
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
AMKR
| Advanced products (1) | $1.4B | 81% |
| Mainstream products (2) | $313.0M | 19% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
