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ACUITY INC. (DE)（AYI）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ACUITY INC. (DE)的1.0倍（$1.2B vs $1.1B），ACUITY INC. (DE)净利率更高（10.5% vs 8.9%，领先1.6%），Sunrun Inc.同比增速更快（123.5% vs 20.2%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 12.4%）
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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。
AYI vs RUN — 直观对比
营收规模更大
RUN
是对方的1.0倍
$1.1B
营收增速更快
RUN
高出103.3%
20.2%
净利率更高
AYI
高出1.6%
8.9%
两年增速更快
RUN
近两年复合增速
12.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $120.5M | $103.6M |
| 毛利率 | 48.4% | — |
| 营业利润率 | 14.0% | 8.4% |
| 净利率 | 10.5% | 8.9% |
| 营收同比 | 20.2% | 123.5% |
| 净利润同比 | 12.9% | 103.7% |
| 每股收益（稀释后） | $3.82 | $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AYIRUN
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.2B | $724.6M | ||
| Q2 25 | $1.2B | $569.3M | ||
| Q1 25 | $1.0B | $504.3M | ||
| Q4 24 | $951.6M | $518.5M | ||
| Q3 24 | $1.0B | $537.2M | ||
| Q2 24 | $968.1M | $523.9M | ||
| Q1 24 | $905.9M | $458.2M |
净利润AYIRUN
| Q4 25 | $120.5M | $103.6M | ||
| Q3 25 | $114.0M | $16.6M | ||
| Q2 25 | $98.4M | $279.8M | ||
| Q1 25 | $77.5M | $50.0M | ||
| Q4 24 | $106.7M | $-2.8B | ||
| Q3 24 | $118.9M | $-83.8M | ||
| Q2 24 | $113.9M | $139.1M | ||
| Q1 24 | $89.2M | $-87.8M |
毛利率AYIRUN
| Q4 25 | 48.4% | — | ||
| Q3 25 | 48.9% | — | ||
| Q2 25 | 48.4% | — | ||
| Q1 25 | 46.5% | — | ||
| Q4 24 | 47.2% | — | ||
| Q3 24 | 47.3% | — | ||
| Q2 24 | 46.7% | — | ||
| Q1 24 | 45.5% | — |
营业利润率AYIRUN
| Q4 25 | 14.0% | 8.4% | ||
| Q3 25 | 14.9% | 0.5% | ||
| Q2 25 | 11.9% | -19.7% | ||
| Q1 25 | 11.0% | -22.8% | ||
| Q4 24 | 14.0% | -628.0% | ||
| Q3 24 | 15.2% | -23.8% | ||
| Q2 24 | 15.0% | -24.4% | ||
| Q1 24 | 13.0% | -40.0% |
净利率AYIRUN
| Q4 25 | 10.5% | 8.9% | ||
| Q3 25 | 9.4% | 2.3% | ||
| Q2 25 | 8.3% | 49.1% | ||
| Q1 25 | 7.7% | 9.9% | ||
| Q4 24 | 11.2% | -542.7% | ||
| Q3 24 | 11.5% | -15.6% | ||
| Q2 24 | 11.8% | 26.5% | ||
| Q1 24 | 9.8% | -19.2% |
每股收益（稀释后）AYIRUN
| Q4 25 | $3.82 | $0.38 | ||
| Q3 25 | $3.61 | $0.06 | ||
| Q2 25 | $3.12 | $1.07 | ||
| Q1 25 | $2.45 | $0.20 | ||
| Q4 24 | $3.35 | $-12.59 | ||
| Q3 24 | $3.77 | $-0.37 | ||
| Q2 24 | $3.62 | $0.55 | ||
| Q1 24 | $2.84 | $-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 | $376.1M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $2.8B | $3.1B |
| 总资产 | $4.7B | $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AYIRUN
| Q4 25 | $376.1M | — | ||
| Q3 25 | $422.5M | — | ||
| Q2 25 | $371.8M | — | ||
| Q1 25 | $397.9M | — | ||
| Q4 24 | $935.6M | — | ||
| Q3 24 | $845.8M | — | ||
| Q2 24 | $699.0M | — | ||
| Q1 24 | $578.9M | — |
总债务AYIRUN
| 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AYIRUN
| Q4 25 | $2.8B | $3.1B | ||
| Q3 25 | $2.7B | $3.0B | ||
| Q2 25 | $2.6B | $2.9B | ||
| Q1 25 | $2.5B | $2.6B | ||
| Q4 24 | $2.5B | $2.6B | ||
| Q3 24 | $2.4B | $5.3B | ||
| Q2 24 | $2.3B | $5.4B | ||
| Q1 24 | $2.1B | $5.2B |
总资产AYIRUN
| Q4 25 | $4.7B | $22.6B | ||
| Q3 25 | $4.8B | $22.2B | ||
| Q2 25 | $4.6B | $21.2B | ||
| Q1 25 | $4.6B | $20.4B | ||
| Q4 24 | $3.9B | $19.9B | ||
| Q3 24 | $3.8B | $22.1B | ||
| Q2 24 | $3.6B | $21.4B | ||
| Q1 24 | $3.5B | $20.8B |
负债/权益比AYIRUN
| 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 | $140.8M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $114.8M | — |
| 自由现金流率自由现金流/营收 | 10.0% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | 1.17× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $534.5M | — |
8季度趋势，按日历期对齐
经营现金流AYIRUN
| Q4 25 | $140.8M | $96.9M | ||
| Q3 25 | $202.5M | $-121.5M | ||
| Q2 25 | $207.3M | $-292.7M | ||
| Q1 25 | $59.4M | $-104.2M | ||
| Q4 24 | $132.2M | $-258.4M | ||
| Q3 24 | $174.1M | $-156.2M | ||
| Q2 24 | $152.5M | $-208.5M | ||
| Q1 24 | $102.6M | $-143.1M |
自由现金流AYIRUN
| Q4 25 | $114.8M | — | ||
| Q3 25 | $177.7M | — | ||
| Q2 25 | $192.3M | — | ||
| Q1 25 | $49.7M | — | ||
| Q4 24 | $113.3M | — | ||
| Q3 24 | $151.1M | $-156.4M | ||
| Q2 24 | $140.5M | — | ||
| Q1 24 | $88.2M | — |
自由现金流率AYIRUN
| Q4 25 | 10.0% | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 16.3% | — | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 14.6% | -29.1% | ||
| Q2 24 | 14.5% | — | ||
| Q1 24 | 9.7% | — |
资本支出强度AYIRUN
| Q4 25 | 2.3% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 2.2% | 0.0% | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 1.6% | — |
现金转化率AYIRUN
| Q4 25 | 1.17× | 0.94× | ||
| Q3 25 | 1.78× | -7.33× | ||
| Q2 25 | 2.11× | -1.05× | ||
| Q1 25 | 0.77× | -2.08× | ||
| Q4 24 | 1.24× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | 1.34× | -1.50× | ||
| Q1 24 | 1.15× | — |
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
AYI
| Sales Channel Through Independent Sales Network | $616.7M | 54% |
| Acuity Intelligent Spaces | $248.1M | 22% |
| QSCLLC | $95.1M | 8% |
| Sales Channel Through Direct Sales Network | $70.6M | 6% |
| Sales Channel Through Original Equipment Manufacturer And Other | $49.1M | 4% |
| Sales Channel Through Corporate Accounts Network | $40.7M | 4% |
| Sales Channel Through Retail | $40.3M | 4% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
