vs
艾利丹尼森（AVY）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
艾利丹尼森的季度营收约是Sunrun Inc.的2.0倍（$2.3B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs 7.3%，领先1.6%），Sunrun Inc.同比增速更快（123.5% vs 7.0%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 1.4%）
艾利丹尼森是总部位于美国俄亥俄州门托市的财富500强跨国企业，专业从事压敏胶材料、服装品牌标签吊牌、RFID嵌体及特种医疗产品的生产与分销，业务覆盖全球多个主要市场。
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。
AVY vs RUN — 直观对比
营收规模更大
AVY
是对方的2.0倍
$1.2B
营收增速更快
RUN
高出116.5%
7.0%
净利率更高
RUN
高出1.6%
7.3%
两年增速更快
RUN
近两年复合增速
1.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.2B |
| 净利润 | $168.1M | $103.6M |
| 毛利率 | 28.9% | — |
| 营业利润率 | 10.7% | 8.4% |
| 净利率 | 7.3% | 8.9% |
| 营收同比 | 7.0% | 123.5% |
| 净利润同比 | 1.1% | 103.7% |
| 每股收益（稀释后） | — | $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AVYRUN
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $724.6M | ||
| Q2 25 | $2.2B | $569.3M | ||
| Q1 25 | $2.1B | $504.3M | ||
| Q4 24 | $2.2B | $518.5M | ||
| Q3 24 | $2.2B | $537.2M | ||
| Q2 24 | $2.2B | $523.9M |
净利润AVYRUN
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $103.6M | ||
| Q3 25 | $166.3M | $16.6M | ||
| Q2 25 | $189.0M | $279.8M | ||
| Q1 25 | $166.3M | $50.0M | ||
| Q4 24 | $174.0M | $-2.8B | ||
| Q3 24 | $181.7M | $-83.8M | ||
| Q2 24 | $176.8M | $139.1M |
毛利率AVYRUN
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | — | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 29.6% | — |
营业利润率AVYRUN
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | 8.4% | ||
| Q3 25 | 10.6% | 0.5% | ||
| Q2 25 | 11.5% | -19.7% | ||
| Q1 25 | 10.6% | -22.8% | ||
| Q4 24 | 11.0% | -628.0% | ||
| Q3 24 | 11.0% | -23.8% | ||
| Q2 24 | 10.7% | -24.4% |
净利率AVYRUN
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 8.9% | ||
| Q3 25 | 7.5% | 2.3% | ||
| Q2 25 | 8.5% | 49.1% | ||
| Q1 25 | 7.7% | 9.9% | ||
| Q4 24 | 8.0% | -542.7% | ||
| Q3 24 | 8.3% | -15.6% | ||
| Q2 24 | 7.9% | 26.5% |
每股收益（稀释后）AVYRUN
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $0.38 | ||
| Q3 25 | $2.13 | $0.06 | ||
| Q2 25 | $2.41 | $1.07 | ||
| Q1 25 | $2.09 | $0.20 | ||
| Q4 24 | $2.17 | $-12.59 | ||
| Q3 24 | $2.25 | $-0.37 | ||
| Q2 24 | $2.18 | $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 | $255.1M | — |
| 总债务越低越好 | $3.2B | $14.7B |
| 股东权益账面价值 | $2.3B | $3.1B |
| 总资产 | $9.0B | $22.6B |
| 负债/权益比越低杠杆越低 | 1.38× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资AVYRUN
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | — | ||
| Q3 25 | $536.3M | — | ||
| Q2 25 | $215.9M | — | ||
| Q1 25 | $195.9M | — | ||
| Q4 24 | $329.1M | — | ||
| Q3 24 | $212.7M | — | ||
| Q2 24 | $208.8M | — |
总债务AVYRUN
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $14.7B | ||
| Q3 25 | $3.2B | $14.6B | ||
| Q2 25 | $2.6B | $14.0B | ||
| Q1 25 | $2.6B | $13.6B | ||
| Q4 24 | $2.6B | $12.9B | ||
| Q3 24 | $2.0B | $12.5B | ||
| Q2 24 | $2.0B | $12.0B |
股东权益AVYRUN
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $3.1B | ||
| Q3 25 | $2.2B | $3.0B | ||
| Q2 25 | $2.2B | $2.9B | ||
| Q1 25 | $2.2B | $2.6B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $2.4B | $5.3B | ||
| Q2 24 | $2.3B | $5.4B |
总资产AVYRUN
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $22.6B | ||
| Q3 25 | $8.9B | $22.2B | ||
| Q2 25 | $8.6B | $21.2B | ||
| Q1 25 | $8.4B | $20.4B | ||
| Q4 24 | $8.4B | $19.9B | ||
| Q3 24 | $8.5B | $22.1B | ||
| Q2 24 | $8.3B | $21.4B |
负债/权益比AVYRUN
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | 4.69× | ||
| Q3 25 | 1.45× | 4.90× | ||
| Q2 25 | 1.19× | 4.80× | ||
| Q1 25 | 1.19× | 5.19× | ||
| Q4 24 | 1.11× | 5.05× | ||
| Q3 24 | 0.85× | 2.36× | ||
| Q2 24 | 0.89× | 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 | — | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $104.4M | — |
| 自由现金流率自由现金流/营收 | 4.5% | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | $869.1M | — |
8季度趋势，按日历期对齐
经营现金流AVYRUN
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $96.9M | ||
| Q3 25 | $312.1M | $-121.5M | ||
| Q2 25 | $208.8M | $-292.7M | ||
| Q1 25 | $-16.3M | $-104.2M | ||
| Q4 24 | $351.2M | $-258.4M | ||
| Q3 24 | $270.1M | $-156.2M | ||
| Q2 24 | $197.7M | $-208.5M |
自由现金流AVYRUN
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | — | ||
| Q3 25 | $276.2M | — | ||
| Q2 25 | $178.8M | — | ||
| Q1 25 | $-52.3M | — | ||
| Q4 24 | $281.7M | — | ||
| Q3 24 | $227.1M | $-156.4M | ||
| Q2 24 | $150.2M | — |
自由现金流率AVYRUN
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | — | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 8.1% | — | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 10.4% | -29.1% | ||
| Q2 24 | 6.7% | — |
资本支出强度AVYRUN
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 2.0% | 0.0% | ||
| Q2 24 | 2.1% | — |
现金转化率AVYRUN
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 0.94× | ||
| Q3 25 | 1.88× | -7.33× | ||
| Q2 25 | 1.10× | -1.05× | ||
| Q1 25 | -0.10× | -2.08× | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.12× | -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
AVY
| Materials Group | $1.6B | 72% |
| Solutions Group | $649.2M | 28% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
