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Brookdale Senior Living Inc.（BKD）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Brookdale Senior Living Inc.的1.5倍（$1.2B vs $754.1M），Sunrun Inc.净利率更高（8.9% vs -5.3%，领先14.2%），Sunrun Inc.同比增速更快（123.5% vs -3.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -1.9%）
布鲁克代尔老年生活公司成立于1978年，总部位于美国田纳西州布伦特伍德，是美国规模最大的老年住宅运营商，业务覆盖全美各地的养老社区，目前服务超过6万名入住老年人。
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。
BKD vs RUN — 直观对比
营收规模更大
RUN
是对方的1.5倍
$754.1M
营收增速更快
RUN
高出126.9%
-3.4%
净利率更高
RUN
高出14.2%
-5.3%
两年增速更快
RUN
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $754.1M | $1.2B |
| 净利润 | $-40.0M | $103.6M |
| 毛利率 | 24.9% | — |
| 营业利润率 | 3.0% | 8.4% |
| 净利率 | -5.3% | 8.9% |
| 营收同比 | -3.4% | 123.5% |
| 净利润同比 | 52.4% | 103.7% |
| 每股收益（稀释后） | $-0.18 | $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BKDRUN
| Q4 25 | $754.1M | $1.2B | ||
| Q3 25 | $813.2M | $724.6M | ||
| Q2 25 | $812.9M | $569.3M | ||
| Q1 25 | $813.9M | $504.3M | ||
| Q4 24 | $780.9M | $518.5M | ||
| Q3 24 | $784.2M | $537.2M | ||
| Q2 24 | $777.5M | $523.9M | ||
| Q1 24 | $782.8M | $458.2M |
净利润BKDRUN
| Q4 25 | $-40.0M | $103.6M | ||
| Q3 25 | $-114.7M | $16.6M | ||
| Q2 25 | $-43.0M | $279.8M | ||
| Q1 25 | $-65.0M | $50.0M | ||
| Q4 24 | $-83.9M | $-2.8B | ||
| Q3 24 | $-50.7M | $-83.8M | ||
| Q2 24 | $-37.7M | $139.1M | ||
| Q1 24 | $-29.6M | $-87.8M |
毛利率BKDRUN
| Q4 25 | 24.9% | — | ||
| Q3 25 | 25.9% | — | ||
| Q2 25 | 26.6% | — | ||
| Q1 25 | 27.4% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 25.3% | — | ||
| Q2 24 | 26.3% | — | ||
| Q1 24 | 26.1% | — |
营业利润率BKDRUN
| Q4 25 | 3.0% | 8.4% | ||
| Q3 25 | -6.6% | 0.5% | ||
| Q2 25 | 1.8% | -19.7% | ||
| Q1 25 | 3.6% | -22.8% | ||
| Q4 24 | -0.3% | -628.0% | ||
| Q3 24 | 1.3% | -23.8% | ||
| Q2 24 | 2.5% | -24.4% | ||
| Q1 24 | 2.5% | -40.0% |
净利率BKDRUN
| Q4 25 | -5.3% | 8.9% | ||
| Q3 25 | -14.1% | 2.3% | ||
| Q2 25 | -5.3% | 49.1% | ||
| Q1 25 | -8.0% | 9.9% | ||
| Q4 24 | -10.7% | -542.7% | ||
| Q3 24 | -6.5% | -15.6% | ||
| Q2 24 | -4.9% | 26.5% | ||
| Q1 24 | -3.8% | -19.2% |
每股收益（稀释后）BKDRUN
| Q4 25 | $-0.18 | $0.38 | ||
| Q3 25 | $-0.48 | $0.06 | ||
| Q2 25 | $-0.18 | $1.07 | ||
| Q1 25 | $-0.28 | $0.20 | ||
| Q4 24 | $-0.37 | $-12.59 | ||
| Q3 24 | $-0.22 | $-0.37 | ||
| Q2 24 | $-0.17 | $0.55 | ||
| Q1 24 | $-0.13 | $-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 | $279.1M | — |
| 总债务越低越好 | $4.3B | $14.7B |
| 股东权益账面价值 | $-44.8M | $3.1B |
| 总资产 | $6.0B | $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BKDRUN
| Q4 25 | $279.1M | — | ||
| Q3 25 | $253.4M | — | ||
| Q2 25 | $251.9M | — | ||
| Q1 25 | $239.7M | — | ||
| Q4 24 | $328.8M | — | ||
| Q3 24 | $284.4M | — | ||
| Q2 24 | $309.7M | — | ||
| Q1 24 | $318.5M | — |
总债务BKDRUN
| Q4 25 | $4.3B | $14.7B | ||
| Q3 25 | $4.3B | $14.6B | ||
| Q2 25 | $4.3B | $14.0B | ||
| Q1 25 | $4.3B | $13.6B | ||
| Q4 24 | $4.1B | $12.9B | ||
| Q3 24 | $3.7B | $12.5B | ||
| Q2 24 | $3.7B | $12.0B | ||
| Q1 24 | $3.8B | $11.1B |
股东权益BKDRUN
| Q4 25 | $-44.8M | $3.1B | ||
| Q3 25 | $-6.7M | $3.0B | ||
| Q2 25 | $105.4M | $2.9B | ||
| Q1 25 | $146.7M | $2.6B | ||
| Q4 24 | $212.5M | $2.6B | ||
| Q3 24 | $292.9M | $5.3B | ||
| Q2 24 | $340.2M | $5.4B | ||
| Q1 24 | $374.0M | $5.2B |
总资产BKDRUN
| Q4 25 | $6.0B | $22.6B | ||
| Q3 25 | $6.0B | $22.2B | ||
| Q2 25 | $6.1B | $21.2B | ||
| Q1 25 | $6.2B | $20.4B | ||
| Q4 24 | $6.3B | $19.9B | ||
| Q3 24 | $5.9B | $22.1B | ||
| Q2 24 | $5.5B | $21.4B | ||
| Q1 24 | $5.5B | $20.8B |
负债/权益比BKDRUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | — | 4.90× | ||
| Q2 25 | 40.72× | 4.80× | ||
| Q1 25 | 29.39× | 5.19× | ||
| Q4 24 | 19.12× | 5.05× | ||
| Q3 24 | 12.65× | 2.36× | ||
| Q2 24 | 10.99× | 2.23× | ||
| Q1 24 | 10.05× | 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 | $34.5M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $-29.1M | — |
| 自由现金流率自由现金流/营收 | -3.9% | — |
| 资本支出强度资本支出/营收 | 8.4% | — |
| 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 | $16.5M | — |
8季度趋势，按日历期对齐
经营现金流BKDRUN
| Q4 25 | $34.5M | $96.9M | ||
| Q3 25 | $76.5M | $-121.5M | ||
| Q2 25 | $83.6M | $-292.7M | ||
| Q1 25 | $23.4M | $-104.2M | ||
| Q4 24 | $45.2M | $-258.4M | ||
| Q3 24 | $66.5M | $-156.2M | ||
| Q2 24 | $55.7M | $-208.5M | ||
| Q1 24 | $-1.1M | $-143.1M |
自由现金流BKDRUN
| Q4 25 | $-29.1M | — | ||
| Q3 25 | $34.9M | — | ||
| Q2 25 | $29.1M | — | ||
| Q1 25 | $-18.4M | — | ||
| Q4 24 | $-5.1M | — | ||
| Q3 24 | $11.5M | $-156.4M | ||
| Q2 24 | $4.1M | — | ||
| Q1 24 | $-45.5M | — |
自由现金流率BKDRUN
| Q4 25 | -3.9% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | -2.3% | — | ||
| Q4 24 | -0.7% | — | ||
| Q3 24 | 1.5% | -29.1% | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | -5.8% | — |
资本支出强度BKDRUN
| Q4 25 | 8.4% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 6.7% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 7.0% | 0.0% | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 5.7% | — |
现金转化率BKDRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | -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
BKD
| Assisted Living And Memory Care | $506.7M | 67% |
| Independent Living | $121.6M | 16% |
| Ccrcs Rental | $86.3M | 11% |
| Reimbursement Costs Managed Communities | $36.7M | 5% |
| Management Service | $2.9M | 0% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
