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ARKO Corp.（ARKO）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
ARKO Corp.的季度营收约是Sunrun Inc.的1.5倍（$1.8B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs 0.1%，领先8.8%），Sunrun Inc.同比增速更快（123.5% vs -9.9%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -7.0%）
ARKO Corp.是美国知名的便利店与燃油零售运营商，业务覆盖美国多个州，面向消费者销售生鲜食品、饮品、日用必需品等商品，同时提供燃油零售及面向商业合作伙伴的批发配送服务。
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。
ARKO vs RUN — 直观对比
营收规模更大
ARKO
是对方的1.5倍
$1.2B
营收增速更快
RUN
高出133.4%
-9.9%
净利率更高
RUN
高出8.8%
0.1%
两年增速更快
RUN
近两年复合增速
-7.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $1.9M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 1.2% | 8.4% |
| 净利率 | 0.1% | 8.9% |
| 营收同比 | -9.9% | 123.5% |
| 净利润同比 | 180.9% | 103.7% |
| 每股收益（稀释后） | $0.01 | $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ARKORUN
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $2.0B | $724.6M | ||
| Q2 25 | $2.0B | $569.3M | ||
| Q1 25 | $1.8B | $504.3M | ||
| Q4 24 | $2.0B | $518.5M | ||
| Q3 24 | $2.3B | $537.2M | ||
| Q2 24 | $2.4B | $523.9M | ||
| Q1 24 | $2.1B | $458.2M |
净利润ARKORUN
| Q4 25 | $1.9M | $103.6M | ||
| Q3 25 | $13.5M | $16.6M | ||
| Q2 25 | $20.1M | $279.8M | ||
| Q1 25 | $-12.7M | $50.0M | ||
| Q4 24 | $-2.3M | $-2.8B | ||
| Q3 24 | $9.7M | $-83.8M | ||
| Q2 24 | $14.1M | $139.1M | ||
| Q1 24 | $-594.0K | $-87.8M |
营业利润率ARKORUN
| Q4 25 | 1.2% | 8.4% | ||
| Q3 25 | 1.8% | 0.5% | ||
| Q2 25 | 2.8% | -19.7% | ||
| Q1 25 | -0.6% | -22.8% | ||
| Q4 24 | 0.7% | -628.0% | ||
| Q3 24 | 1.8% | -23.8% | ||
| Q2 24 | 1.8% | -24.4% | ||
| Q1 24 | -0.2% | -40.0% |
净利率ARKORUN
| Q4 25 | 0.1% | 8.9% | ||
| Q3 25 | 0.7% | 2.3% | ||
| Q2 25 | 1.0% | 49.1% | ||
| Q1 25 | -0.7% | 9.9% | ||
| Q4 24 | -0.1% | -542.7% | ||
| Q3 24 | 0.4% | -15.6% | ||
| Q2 24 | 0.6% | 26.5% | ||
| Q1 24 | -0.0% | -19.2% |
每股收益（稀释后）ARKORUN
| Q4 25 | $0.01 | $0.38 | ||
| Q3 25 | $0.10 | $0.06 | ||
| Q2 25 | $0.16 | $1.07 | ||
| Q1 25 | $-0.12 | $0.20 | ||
| Q4 24 | $-0.03 | $-12.59 | ||
| Q3 24 | $0.07 | $-0.37 | ||
| Q2 24 | $0.11 | $0.55 | ||
| Q1 24 | $-0.02 | $-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 | $311.5M | — |
| 总债务越低越好 | $912.1M | $14.7B |
| 股东权益账面价值 | $267.2M | $3.1B |
| 总资产 | $3.5B | $22.6B |
| 负债/权益比越低杠杆越低 | 3.41× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资ARKORUN
| Q4 25 | $311.5M | — | ||
| Q3 25 | $313.2M | — | ||
| Q2 25 | $299.7M | — | ||
| Q1 25 | $271.1M | — | ||
| Q4 24 | $267.1M | — | ||
| Q3 24 | $296.8M | — | ||
| Q2 24 | $236.5M | — | ||
| Q1 24 | $189.1M | — |
总债务ARKORUN
| Q4 25 | $912.1M | $14.7B | ||
| Q3 25 | $911.6M | $14.6B | ||
| Q2 25 | $916.4M | $14.0B | ||
| Q1 25 | $880.1M | $13.6B | ||
| Q4 24 | $881.0M | $12.9B | ||
| Q3 24 | $884.7M | $12.5B | ||
| Q2 24 | $889.9M | $12.0B | ||
| Q1 24 | $885.0M | $11.1B |
股东权益ARKORUN
| Q4 25 | $267.2M | $3.1B | ||
| Q3 25 | $273.1M | $3.0B | ||
| Q2 25 | $264.8M | $2.9B | ||
| Q1 25 | $255.2M | $2.6B | ||
| Q4 24 | $276.9M | $2.6B | ||
| Q3 24 | $280.0M | $5.3B | ||
| Q2 24 | $273.1M | $5.4B | ||
| Q1 24 | $261.2M | $5.2B |
总资产ARKORUN
| Q4 25 | $3.5B | $22.6B | ||
| Q3 25 | $3.6B | $22.2B | ||
| Q2 25 | $3.6B | $21.2B | ||
| Q1 25 | $3.6B | $20.4B | ||
| Q4 24 | $3.6B | $19.9B | ||
| Q3 24 | $3.7B | $22.1B | ||
| Q2 24 | $3.7B | $21.4B | ||
| Q1 24 | $3.6B | $20.8B |
负债/权益比ARKORUN
| Q4 25 | 3.41× | 4.69× | ||
| Q3 25 | 3.34× | 4.90× | ||
| Q2 25 | 3.46× | 4.80× | ||
| Q1 25 | 3.45× | 5.19× | ||
| Q4 24 | 3.18× | 5.05× | ||
| Q3 24 | 3.16× | 2.36× | ||
| Q2 24 | 3.26× | 2.23× | ||
| Q1 24 | 3.39× | 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 | $44.6M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $14.9M | — |
| 自由现金流率自由现金流/营收 | 0.8% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 现金转化率经营现金流/净利润 | 23.98× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $65.3M | — |
8季度趋势，按日历期对齐
经营现金流ARKORUN
| Q4 25 | $44.6M | $96.9M | ||
| Q3 25 | $49.4M | $-121.5M | ||
| Q2 25 | $55.2M | $-292.7M | ||
| Q1 25 | $43.4M | $-104.2M | ||
| Q4 24 | $22.7M | $-258.4M | ||
| Q3 24 | $109.2M | $-156.2M | ||
| Q2 24 | $77.2M | $-208.5M | ||
| Q1 24 | $12.8M | $-143.1M |
自由现金流ARKORUN
| Q4 25 | $14.9M | — | ||
| Q3 25 | $24.5M | — | ||
| Q2 25 | $9.8M | — | ||
| Q1 25 | $16.0M | — | ||
| Q4 24 | $-13.4M | — | ||
| Q3 24 | $79.9M | $-156.4M | ||
| Q2 24 | $57.9M | — | ||
| Q1 24 | $-16.5M | — |
自由现金流率ARKORUN
| Q4 25 | 0.8% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | -0.7% | — | ||
| Q3 24 | 3.5% | -29.1% | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | -0.8% | — |
资本支出强度ARKORUN
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.3% | 0.0% | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 1.4% | — |
现金转化率ARKORUN
| Q4 25 | 23.98× | 0.94× | ||
| Q3 25 | 3.67× | -7.33× | ||
| Q2 25 | 2.75× | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 11.28× | — | ||
| Q2 24 | 5.49× | -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
ARKO
| Fuel Products | $1.4B | 79% |
| Merchandise Products | $338.1M | 19% |
| Other Product | $33.6M | 2% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
