vs
Bally's Corp（BALY）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Bally's Corp的1.6倍（$1.2B vs $746.2M），Sunrun Inc.净利率更高（8.9% vs -47.3%，领先56.3%），Sunrun Inc.同比增速更快（123.5% vs 28.6%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 9.8%）
巴利公司是总部位于美国罗德岛州普罗维登斯的博彩、体育投注与互动娱乐企业。目前该公司在美国11个州运营19家赌场，在科罗拉多州拥有一座赛马场，在纽约州拥有一座高尔夫球场，同时在全美14个州开展线上体育投注业务，还通过子公司在澳大利亚两个州运营两处产业。
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。
BALY vs RUN — 直观对比
营收规模更大
RUN
是对方的1.6倍
$746.2M
营收增速更快
RUN
高出94.9%
28.6%
净利率更高
RUN
高出56.3%
-47.3%
两年增速更快
RUN
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $746.2M | $1.2B |
| 净利润 | $-353.2M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | -36.8% | 8.4% |
| 净利率 | -47.3% | 8.9% |
| 营收同比 | 28.6% | 123.5% |
| 净利润同比 | -311.8% | 103.7% |
| 每股收益（稀释后） | $-5.84 | $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BALYRUN
| Q4 25 | $746.2M | $1.2B | ||
| Q3 25 | $663.7M | $724.6M | ||
| Q2 25 | $657.5M | $569.3M | ||
| Q1 25 | $368.7M | $504.3M | ||
| Q4 24 | $580.4M | $518.5M | ||
| Q3 24 | $630.0M | $537.2M | ||
| Q2 24 | $621.7M | $523.9M | ||
| Q1 24 | $618.5M | $458.2M |
净利润BALYRUN
| Q4 25 | $-353.2M | $103.6M | ||
| Q3 25 | $-102.9M | $16.6M | ||
| Q2 25 | $-228.4M | $279.8M | ||
| Q1 25 | $34.5M | $50.0M | ||
| Q4 24 | $-85.8M | $-2.8B | ||
| Q3 24 | $-247.9M | $-83.8M | ||
| Q2 24 | $-60.2M | $139.1M | ||
| Q1 24 | $-173.9M | $-87.8M |
营业利润率BALYRUN
| Q4 25 | -36.8% | 8.4% | ||
| Q3 25 | 0.1% | 0.5% | ||
| Q2 25 | -0.4% | -19.7% | ||
| Q1 25 | -0.5% | -22.8% | ||
| Q4 24 | -5.6% | -628.0% | ||
| Q3 24 | -25.0% | -23.8% | ||
| Q2 24 | 0.9% | -24.4% | ||
| Q1 24 | -12.0% | -40.0% |
净利率BALYRUN
| Q4 25 | -47.3% | 8.9% | ||
| Q3 25 | -15.5% | 2.3% | ||
| Q2 25 | -34.7% | 49.1% | ||
| Q1 25 | 9.4% | 9.9% | ||
| Q4 24 | -14.8% | -542.7% | ||
| Q3 24 | -39.3% | -15.6% | ||
| Q2 24 | -9.7% | 26.5% | ||
| Q1 24 | -28.1% | -19.2% |
每股收益（稀释后）BALYRUN
| Q4 25 | $-5.84 | $0.38 | ||
| Q3 25 | $-1.70 | $0.06 | ||
| Q2 25 | $-3.76 | $1.07 | ||
| Q1 25 | $0.57 | $0.20 | ||
| Q4 24 | $-1.76 | $-12.59 | ||
| Q3 24 | $-5.10 | $-0.37 | ||
| Q2 24 | $-1.24 | $0.55 | ||
| Q1 24 | $-3.61 | $-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 | $798.4M | — |
| 总债务越低越好 | $4.5B | $14.7B |
| 股东权益账面价值 | $994.7M | $3.1B |
| 总资产 | $11.2B | $22.6B |
| 负债/权益比越低杠杆越低 | 4.52× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资BALYRUN
| Q4 25 | $798.4M | — | ||
| Q3 25 | $160.7M | — | ||
| Q2 25 | $174.6M | — | ||
| Q1 25 | $209.7M | — | ||
| Q4 24 | $171.2M | — | ||
| Q3 24 | $191.0M | — | ||
| Q2 24 | $154.7M | — | ||
| Q1 24 | $169.4M | — |
总债务BALYRUN
| Q4 25 | $4.5B | $14.7B | ||
| Q3 25 | $3.7B | $14.6B | ||
| Q2 25 | $3.6B | $14.0B | ||
| Q1 25 | $3.5B | $13.6B | ||
| Q4 24 | $3.3B | $12.9B | ||
| Q3 24 | $3.7B | $12.5B | ||
| Q2 24 | $3.7B | $12.0B | ||
| Q1 24 | $3.7B | $11.1B |
股东权益BALYRUN
| Q4 25 | $994.7M | $3.1B | ||
| Q3 25 | $521.5M | $3.0B | ||
| Q2 25 | $630.1M | $2.9B | ||
| Q1 25 | $796.5M | $2.6B | ||
| Q4 24 | $30.9M | $2.6B | ||
| Q3 24 | $233.4M | $5.3B | ||
| Q2 24 | $393.1M | $5.4B | ||
| Q1 24 | $449.4M | $5.2B |
总资产BALYRUN
| Q4 25 | $11.2B | $22.6B | ||
| Q3 25 | $7.6B | $22.2B | ||
| Q2 25 | $7.8B | $21.2B | ||
| Q1 25 | $7.5B | $20.4B | ||
| Q4 24 | $5.9B | $19.9B | ||
| Q3 24 | $6.4B | $22.1B | ||
| Q2 24 | $6.6B | $21.4B | ||
| Q1 24 | $6.6B | $20.8B |
负债/权益比BALYRUN
| Q4 25 | 4.52× | 4.69× | ||
| Q3 25 | 7.17× | 4.90× | ||
| Q2 25 | 5.68× | 4.80× | ||
| Q1 25 | 4.33× | 5.19× | ||
| Q4 24 | 107.40× | 5.05× | ||
| Q3 24 | 15.73× | 2.36× | ||
| Q2 24 | 9.34× | 2.23× | ||
| Q1 24 | 8.19× | 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 | — | $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 | 5.1% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BALYRUN
| Q4 25 | — | $96.9M | ||
| Q3 25 | $-88.6M | $-121.5M | ||
| Q2 25 | — | $-292.7M | ||
| Q1 25 | $42.0M | $-104.2M | ||
| Q4 24 | $37.8M | $-258.4M | ||
| Q3 24 | $36.5M | $-156.2M | ||
| Q2 24 | $47.6M | $-208.5M | ||
| Q1 24 | $-7.9M | $-143.1M |
自由现金流BALYRUN
| Q4 25 | — | — | ||
| Q3 25 | $-139.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $11.5M | — | ||
| Q4 24 | $-5.9M | — | ||
| Q3 24 | $-55.8M | $-156.4M | ||
| Q2 24 | $11.8M | — | ||
| Q1 24 | $-35.9M | — |
自由现金流率BALYRUN
| Q4 25 | — | — | ||
| Q3 25 | -21.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | -1.0% | — | ||
| Q3 24 | -8.9% | -29.1% | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | -5.8% | — |
资本支出强度BALYRUN
| Q4 25 | 5.1% | — | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 14.7% | 0.0% | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | 4.5% | — |
现金转化率BALYRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | 1.22× | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -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
BALY
| Casinos Resorts | $366.2M | 49% |
| Non Casino | $172.7M | 23% |
| Food And Beverage | $74.6M | 10% |
| Hotel | $69.9M | 9% |
| North America Interactive | $62.3M | 8% |
| Loyalty Programs | $6.7M | 1% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
