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BOISE CASCADE Co（BCC）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
BOISE CASCADE Co的季度营收约是Sunrun Inc.的1.3倍（$1.5B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs 0.6%，领先8.3%），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%）
博伊西卡斯卡德公司是总部位于美国爱达荷州博伊西的企业，主营木制品制造与建筑材料批发分销业务，产品覆盖各类建筑用木材及相关建材，为建筑行业客户提供稳定的供应链支持。
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。
BCC vs RUN — 直观对比
营收规模更大
BCC
是对方的1.3倍
$1.2B
营收增速更快
RUN
高出130.3%
-6.8%
净利率更高
RUN
高出8.3%
0.6%
两年增速更快
RUN
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $8.7M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 1.1% | 8.4% |
| 净利率 | 0.6% | 8.9% |
| 营收同比 | -6.8% | 123.5% |
| 净利润同比 | -87.3% | 103.7% |
| 每股收益（稀释后） | $0.25 | $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BCCRUN
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.7B | $724.6M | ||
| Q2 25 | $1.7B | $569.3M | ||
| Q1 25 | $1.5B | $504.3M | ||
| Q4 24 | $1.6B | $518.5M | ||
| Q3 24 | $1.7B | $537.2M | ||
| Q2 24 | $1.8B | $523.9M | ||
| Q1 24 | $1.6B | $458.2M |
净利润BCCRUN
| Q4 25 | $8.7M | $103.6M | ||
| Q3 25 | $21.8M | $16.6M | ||
| Q2 25 | $62.0M | $279.8M | ||
| Q1 25 | $40.3M | $50.0M | ||
| Q4 24 | $68.9M | $-2.8B | ||
| Q3 24 | $91.0M | $-83.8M | ||
| Q2 24 | $112.3M | $139.1M | ||
| Q1 24 | $104.1M | $-87.8M |
营业利润率BCCRUN
| Q4 25 | 1.1% | 8.4% | ||
| Q3 25 | 1.9% | 0.5% | ||
| Q2 25 | 4.6% | -19.7% | ||
| Q1 25 | 3.5% | -22.8% | ||
| Q4 24 | 5.9% | -628.0% | ||
| Q3 24 | 6.8% | -23.8% | ||
| Q2 24 | 8.2% | -24.4% | ||
| Q1 24 | 8.1% | -40.0% |
净利率BCCRUN
| Q4 25 | 0.6% | 8.9% | ||
| Q3 25 | 1.3% | 2.3% | ||
| Q2 25 | 3.6% | 49.1% | ||
| Q1 25 | 2.6% | 9.9% | ||
| Q4 24 | 4.4% | -542.7% | ||
| Q3 24 | 5.3% | -15.6% | ||
| Q2 24 | 6.2% | 26.5% | ||
| Q1 24 | 6.3% | -19.2% |
每股收益（稀释后）BCCRUN
| Q4 25 | $0.25 | $0.38 | ||
| Q3 25 | $0.58 | $0.06 | ||
| Q2 25 | $1.64 | $1.07 | ||
| Q1 25 | $1.06 | $0.20 | ||
| Q4 24 | $1.79 | $-12.59 | ||
| Q3 24 | $2.33 | $-0.37 | ||
| Q2 24 | $2.84 | $0.55 | ||
| Q1 24 | $2.61 | $-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 | $477.2M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $2.1B | $3.1B |
| 总资产 | $3.2B | $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BCCRUN
| Q4 25 | $477.2M | — | ||
| Q3 25 | $511.8M | — | ||
| Q2 25 | $481.0M | — | ||
| Q1 25 | $561.8M | — | ||
| Q4 24 | $713.3M | — | ||
| Q3 24 | $761.6M | — | ||
| Q2 24 | $922.1M | — | ||
| Q1 24 | $890.2M | — |
总债务BCCRUN
| 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BCCRUN
| Q4 25 | $2.1B | $3.1B | ||
| Q3 25 | $2.1B | $3.0B | ||
| Q2 25 | $2.2B | $2.9B | ||
| Q1 25 | $2.1B | $2.6B | ||
| Q4 24 | $2.2B | $2.6B | ||
| Q3 24 | $2.1B | $5.3B | ||
| Q2 24 | $2.3B | $5.4B | ||
| Q1 24 | $2.3B | $5.2B |
总资产BCCRUN
| Q4 25 | $3.2B | $22.6B | ||
| Q3 25 | $3.4B | $22.2B | ||
| Q2 25 | $3.4B | $21.2B | ||
| Q1 25 | $3.5B | $20.4B | ||
| Q4 24 | $3.4B | $19.9B | ||
| Q3 24 | $3.4B | $22.1B | ||
| Q2 24 | $3.7B | $21.4B | ||
| Q1 24 | $3.6B | $20.8B |
负债/权益比BCCRUN
| 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 | $131.0M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $77.0M | — |
| 自由现金流率自由现金流/营收 | 5.3% | — |
| 资本支出强度资本支出/营收 | 3.7% | — |
| 现金转化率经营现金流/净利润 | 15.00× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $12.7M | — |
8季度趋势，按日历期对齐
经营现金流BCCRUN
| Q4 25 | $131.0M | $96.9M | ||
| Q3 25 | $118.4M | $-121.5M | ||
| Q2 25 | $33.2M | $-292.7M | ||
| Q1 25 | $-28.5M | $-104.2M | ||
| Q4 24 | $94.6M | $-258.4M | ||
| Q3 24 | $174.6M | $-156.2M | ||
| Q2 24 | $141.7M | $-208.5M | ||
| Q1 24 | $27.5M | $-143.1M |
自由现金流BCCRUN
| Q4 25 | $77.0M | — | ||
| Q3 25 | $63.2M | — | ||
| Q2 25 | $-45.9M | — | ||
| Q1 25 | $-81.7M | — | ||
| Q4 24 | $759.0K | — | ||
| Q3 24 | $112.9M | $-156.4M | ||
| Q2 24 | $101.9M | — | ||
| Q1 24 | $-6.9M | — |
自由现金流率BCCRUN
| Q4 25 | 5.3% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | -2.6% | — | ||
| Q1 25 | -5.3% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 6.6% | -29.1% | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | -0.4% | — |
资本支出强度BCCRUN
| Q4 25 | 3.7% | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 4.5% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | 3.6% | 0.0% | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 2.1% | — |
现金转化率BCCRUN
| Q4 25 | 15.00× | 0.94× | ||
| Q3 25 | 5.44× | -7.33× | ||
| Q2 25 | 0.54× | -1.05× | ||
| Q1 25 | -0.71× | -2.08× | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 1.26× | -1.50× | ||
| Q1 24 | 0.26× | — |
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
BCC
| General Line | $626.6M | 43% |
| Commodity Product Line | $479.9M | 33% |
| Engineered Wood Products | $256.6M | 18% |
| Plywood And Veneer | $53.3M | 4% |
| Lumber | $10.1M | 1% |
| Laminated Veneer Lumber | $8.9M | 1% |
| Other Wood Products | $4.7M | 0% |
| Other Engineered Wood Products | $3.5M | 0% |
| Ijoists | $3.3M | 0% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
