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ABERCROMBIE & FITCH CO（ANF）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
ABERCROMBIE & FITCH CO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 8.8%，领先0.2%），Sunrun Inc.同比增速更快（123.5% vs 6.8%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -5.8%）
A&F（阿伯克龙比与菲奇）是1892年成立的美国生活方式零售品牌，主打面向20岁出头至45岁左右客群的潮流服饰，总部位于俄亥俄州新奥尔巴尼。旗下运营Abercrombie Kids、Your Personal Best、霍利斯特（Hollister Co.）、Gilly Hicks四个子品牌，全品牌直营门店超780家。
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。
ANF vs RUN — 直观对比
营收规模更大
ANF
是对方的1.1倍
$1.2B
营收增速更快
RUN
高出116.7%
6.8%
净利率更高
RUN
高出0.2%
8.8%
两年增速更快
RUN
近两年复合增速
-5.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $113.0M | $103.6M |
| 毛利率 | 62.5% | — |
| 营业利润率 | 12.0% | 8.4% |
| 净利率 | 8.8% | 8.9% |
| 营收同比 | 6.8% | 123.5% |
| 净利润同比 | -14.4% | 103.7% |
| 每股收益（稀释后） | $2.36 | $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ANFRUN
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.2B | $724.6M | ||
| Q2 25 | $1.1B | $569.3M | ||
| Q1 25 | $1.6B | $504.3M | ||
| Q4 24 | $1.2B | $518.5M | ||
| Q3 24 | $1.1B | $537.2M | ||
| Q2 24 | $1.0B | $523.9M | ||
| Q1 24 | $1.5B | $458.2M |
净利润ANFRUN
| Q4 25 | $113.0M | $103.6M | ||
| Q3 25 | $141.4M | $16.6M | ||
| Q2 25 | $80.4M | $279.8M | ||
| Q1 25 | $187.2M | $50.0M | ||
| Q4 24 | $132.0M | $-2.8B | ||
| Q3 24 | $133.2M | $-83.8M | ||
| Q2 24 | $113.8M | $139.1M | ||
| Q1 24 | $158.4M | $-87.8M |
毛利率ANFRUN
| Q4 25 | 62.5% | — | ||
| Q3 25 | 62.6% | — | ||
| Q2 25 | 62.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 65.1% | — | ||
| Q3 24 | 64.9% | — | ||
| Q2 24 | 66.4% | — | ||
| Q1 24 | 62.9% | — |
营业利润率ANFRUN
| Q4 25 | 12.0% | 8.4% | ||
| Q3 25 | 17.1% | 0.5% | ||
| Q2 25 | 9.3% | -19.7% | ||
| Q1 25 | 16.2% | -22.8% | ||
| Q4 24 | 14.8% | -628.0% | ||
| Q3 24 | 15.5% | -23.8% | ||
| Q2 24 | 12.7% | -24.4% | ||
| Q1 24 | 15.3% | -40.0% |
净利率ANFRUN
| Q4 25 | 8.8% | 8.9% | ||
| Q3 25 | 11.7% | 2.3% | ||
| Q2 25 | 7.3% | 49.1% | ||
| Q1 25 | 11.8% | 9.9% | ||
| Q4 24 | 10.9% | -542.7% | ||
| Q3 24 | 11.7% | -15.6% | ||
| Q2 24 | 11.2% | 26.5% | ||
| Q1 24 | 10.9% | -19.2% |
每股收益（稀释后）ANFRUN
| Q4 25 | $2.36 | $0.38 | ||
| Q3 25 | $2.91 | $0.06 | ||
| Q2 25 | $1.59 | $1.07 | ||
| Q1 25 | $3.55 | $0.20 | ||
| Q4 24 | $2.50 | $-12.59 | ||
| Q3 24 | $2.50 | $-0.37 | ||
| Q2 24 | $2.14 | $0.55 | ||
| Q1 24 | $2.97 | $-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 | $631.0M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $1.3B | $3.1B |
| 总资产 | $3.5B | $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ANFRUN
| Q4 25 | $631.0M | — | ||
| Q3 25 | $603.5M | — | ||
| Q2 25 | $607.6M | — | ||
| Q1 25 | $888.9M | — | ||
| Q4 24 | $738.9M | — | ||
| Q3 24 | $738.4M | — | ||
| Q2 24 | $864.2M | — | ||
| Q1 24 | $900.9M | — |
总债务ANFRUN
| 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ANFRUN
| Q4 25 | $1.3B | $3.1B | ||
| Q3 25 | $1.3B | $3.0B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $1.2B | $2.6B | ||
| Q3 24 | $1.2B | $5.3B | ||
| Q2 24 | $1.1B | $5.4B | ||
| Q1 24 | $1.0B | $5.2B |
总资产ANFRUN
| Q4 25 | $3.5B | $22.6B | ||
| Q3 25 | $3.3B | $22.2B | ||
| Q2 25 | $3.1B | $21.2B | ||
| Q1 25 | $3.3B | $20.4B | ||
| Q4 24 | $3.3B | $19.9B | ||
| Q3 24 | $3.0B | $22.1B | ||
| Q2 24 | $3.0B | $21.4B | ||
| Q1 24 | $3.0B | $20.8B |
负债/权益比ANFRUN
| 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 | $200.1M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $131.8M | — |
| 自由现金流率自由现金流/营收 | 10.2% | — |
| 资本支出强度资本支出/营收 | 5.3% | — |
| 现金转化率经营现金流/净利润 | 1.77× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $384.5M | — |
8季度趋势，按日历期对齐
经营现金流ANFRUN
| Q4 25 | $200.1M | $96.9M | ||
| Q3 25 | $116.9M | $-121.5M | ||
| Q2 25 | $-4.0M | $-292.7M | ||
| Q1 25 | $307.6M | $-104.2M | ||
| Q4 24 | $142.6M | $-258.4M | ||
| Q3 24 | $165.1M | $-156.2M | ||
| Q2 24 | $95.0M | $-208.5M | ||
| Q1 24 | $303.3M | $-143.1M |
自由现金流ANFRUN
| Q4 25 | $131.8M | — | ||
| Q3 25 | $50.7M | — | ||
| Q2 25 | $-54.8M | — | ||
| Q1 25 | $256.8M | — | ||
| Q4 24 | $92.2M | — | ||
| Q3 24 | $122.3M | $-156.4M | ||
| Q2 24 | $56.1M | — | ||
| Q1 24 | $274.1M | — |
自由现金流率ANFRUN
| Q4 25 | 10.2% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | -5.0% | — | ||
| Q1 25 | 16.2% | — | ||
| Q4 24 | 7.6% | — | ||
| Q3 24 | 10.8% | -29.1% | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | 18.9% | — |
资本支出强度ANFRUN
| Q4 25 | 5.3% | — | ||
| Q3 25 | 5.5% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 3.8% | 0.0% | ||
| Q2 24 | 3.8% | — | ||
| Q1 24 | 2.0% | — |
现金转化率ANFRUN
| Q4 25 | 1.77× | 0.94× | ||
| Q3 25 | 0.83× | -7.33× | ||
| Q2 25 | -0.05× | -1.05× | ||
| Q1 25 | 1.64× | -2.08× | ||
| Q4 24 | 1.08× | — | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.83× | -1.50× | ||
| Q1 24 | 1.91× | — |
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
ANF
| Hollister | $673.3M | 52% |
| Abercrombie | $617.3M | 48% |
| Gift Card | $25.7M | 2% |
| Royalty | $19.5M | 2% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
