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富兰克林邓普顿（BEN）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
富兰克林邓普顿的季度营收约是Sunrun Inc.的2.0倍（$2.3B vs $1.2B），富兰克林邓普顿净利率更高（15.1% vs 8.9%，领先6.2%），Sunrun Inc.同比增速更快（123.5% vs 8.7%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 4.0%）
富兰克林资源（运营品牌为富兰克林邓普顿）是美国跨国投资管理控股集团，1947年创立于纽约，纽交所上市代码为BEN，命名源自创始人敬仰的本杰明·富兰克林，是全球知名的综合投资服务机构。
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。
BEN vs RUN — 直观对比
营收规模更大
BEN
是对方的2.0倍
$1.2B
营收增速更快
RUN
高出114.8%
8.7%
净利率更高
BEN
高出6.2%
8.9%
两年增速更快
RUN
近两年复合增速
4.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.2B |
| 净利润 | $346.6M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 14.1% | 8.4% |
| 净利率 | 15.1% | 8.9% |
| 营收同比 | 8.7% | 123.5% |
| 净利润同比 | 77.1% | 103.7% |
| 每股收益（稀释后） | $0.49 | $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BENRUN
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.3B | $724.6M | ||
| Q2 25 | $2.1B | $569.3M | ||
| Q1 25 | $2.1B | $504.3M | ||
| Q4 24 | $2.3B | $518.5M | ||
| Q3 24 | $2.2B | $537.2M | ||
| Q2 24 | $2.1B | $523.9M |
净利润BENRUN
| Q1 26 | $346.6M | — | ||
| Q4 25 | $255.5M | $103.6M | ||
| Q3 25 | $117.6M | $16.6M | ||
| Q2 25 | $92.3M | $279.8M | ||
| Q1 25 | $151.4M | $50.0M | ||
| Q4 24 | $163.6M | $-2.8B | ||
| Q3 24 | $-84.7M | $-83.8M | ||
| Q2 24 | $174.0M | $139.1M |
营业利润率BENRUN
| Q1 26 | 14.1% | — | ||
| Q4 25 | 12.1% | 8.4% | ||
| Q3 25 | 3.6% | 0.5% | ||
| Q2 25 | 7.5% | -19.7% | ||
| Q1 25 | 6.9% | -22.8% | ||
| Q4 24 | 9.7% | -628.0% | ||
| Q3 24 | -6.8% | -23.8% | ||
| Q2 24 | 10.5% | -24.4% |
净利率BENRUN
| Q1 26 | 15.1% | — | ||
| Q4 25 | 11.0% | 8.9% | ||
| Q3 25 | 5.0% | 2.3% | ||
| Q2 25 | 4.5% | 49.1% | ||
| Q1 25 | 7.2% | 9.9% | ||
| Q4 24 | 7.3% | -542.7% | ||
| Q3 24 | -3.8% | -15.6% | ||
| Q2 24 | 8.2% | 26.5% |
每股收益（稀释后）BENRUN
| Q1 26 | $0.49 | — | ||
| Q4 25 | $0.46 | $0.38 | ||
| Q3 25 | $0.21 | $0.06 | ||
| Q2 25 | $0.15 | $1.07 | ||
| Q1 25 | $0.26 | $0.20 | ||
| Q4 24 | $0.29 | $-12.59 | ||
| Q3 24 | $-0.20 | $-0.37 | ||
| Q2 24 | $0.32 | $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 | — | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $669.7B | $3.1B |
| 总资产 | — | $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
总债务BENRUN
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $14.7B | ||
| Q3 25 | $2.4B | $14.6B | ||
| Q2 25 | $2.7B | $14.0B | ||
| Q1 25 | $2.7B | $13.6B | ||
| Q4 24 | $2.8B | $12.9B | ||
| Q3 24 | $2.8B | $12.5B | ||
| Q2 24 | $3.0B | $12.0B |
股东权益BENRUN
| Q1 26 | $669.7B | — | ||
| Q4 25 | $12.1B | $3.1B | ||
| Q3 25 | $12.1B | $3.0B | ||
| Q2 25 | $12.2B | $2.9B | ||
| Q1 25 | $12.3B | $2.6B | ||
| Q4 24 | $12.5B | $2.6B | ||
| Q3 24 | $12.5B | $5.3B | ||
| Q2 24 | $12.9B | $5.4B |
总资产BENRUN
| Q1 26 | — | — | ||
| Q4 25 | $32.5B | $22.6B | ||
| Q3 25 | $32.4B | $22.2B | ||
| Q2 25 | $32.6B | $21.2B | ||
| Q1 25 | $32.0B | $20.4B | ||
| Q4 24 | $32.4B | $19.9B | ||
| Q3 24 | $32.5B | $22.1B | ||
| Q2 24 | $33.3B | $21.4B |
负债/权益比BENRUN
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | 4.69× | ||
| Q3 25 | 0.20× | 4.90× | ||
| Q2 25 | 0.22× | 4.80× | ||
| Q1 25 | 0.22× | 5.19× | ||
| Q4 24 | 0.22× | 5.05× | ||
| Q3 24 | 0.22× | 2.36× | ||
| Q2 24 | 0.24× | 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 | — | — |
| 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 | — | — |
| 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BENRUN
| Q1 26 | — | — | ||
| Q4 25 | $-255.1M | $96.9M | ||
| Q3 25 | $-20.7M | $-121.5M | ||
| Q2 25 | $1.3B | $-292.7M | ||
| Q1 25 | $-50.1M | $-104.2M | ||
| Q4 24 | $-145.2M | $-258.4M | ||
| Q3 24 | $558.2M | $-156.2M | ||
| Q2 24 | $528.4M | $-208.5M |
自由现金流BENRUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-51.9M | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $-87.6M | — | ||
| Q4 24 | $-217.0M | — | ||
| Q3 24 | $488.4M | $-156.4M | ||
| Q2 24 | $482.3M | — |
自由现金流率BENRUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -2.2% | — | ||
| Q2 25 | 61.4% | — | ||
| Q1 25 | -4.1% | — | ||
| Q4 24 | -9.6% | — | ||
| Q3 24 | 22.1% | -29.1% | ||
| Q2 24 | 22.7% | — |
资本支出强度BENRUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 3.2% | 0.0% | ||
| Q2 24 | 2.2% | — |
现金转化率BENRUN
| Q1 26 | — | — | ||
| Q4 25 | -1.00× | 0.94× | ||
| Q3 25 | -0.18× | -7.33× | ||
| Q2 25 | 13.89× | -1.05× | ||
| Q1 25 | -0.33× | -2.08× | ||
| Q4 24 | -0.89× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.04× | -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
BEN
暂无分部数据
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
