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Bloomin' Brands, Inc.（BLMN）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Bloomin' Brands, Inc.的1.2倍（$1.2B vs $975.2M），Sunrun Inc.净利率更高（8.9% vs -1.4%，领先10.3%），Sunrun Inc.同比增速更快（123.5% vs 0.3%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -4.5%）
Bloomin' Brands, Inc.是一家餐饮控股集团，1988年成立，总部位于美国佛罗里达州坦帕市，旗下拥有多个美式休闲餐饮连锁品牌，是北美休闲餐饮领域颇具规模的企业之一。
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。
BLMN vs RUN — 直观对比
营收规模更大
RUN
是对方的1.2倍
$975.2M
营收增速更快
RUN
高出123.2%
0.3%
净利率更高
RUN
高出10.3%
-1.4%
两年增速更快
RUN
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $975.2M | $1.2B |
| 净利润 | $-13.5M | $103.6M |
| 毛利率 | 70.2% | — |
| 营业利润率 | -1.4% | 8.4% |
| 净利率 | -1.4% | 8.9% |
| 营收同比 | 0.3% | 123.5% |
| 净利润同比 | 83.0% | 103.7% |
| 每股收益（稀释后） | $-0.16 | $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BLMNRUN
| Q4 25 | $975.2M | $1.2B | ||
| Q3 25 | $928.8M | $724.6M | ||
| Q2 25 | $1.0B | $569.3M | ||
| Q1 25 | $1.0B | $504.3M | ||
| Q4 24 | $972.0M | $518.5M | ||
| Q3 24 | $910.0M | $537.2M | ||
| Q2 24 | $999.4M | $523.9M | ||
| Q1 24 | $1.1B | $458.2M |
净利润BLMNRUN
| Q4 25 | $-13.5M | $103.6M | ||
| Q3 25 | $-45.9M | $16.6M | ||
| Q2 25 | $25.4M | $279.8M | ||
| Q1 25 | $42.2M | $50.0M | ||
| Q4 24 | $-79.5M | $-2.8B | ||
| Q3 24 | $6.9M | $-83.8M | ||
| Q2 24 | $28.4M | $139.1M | ||
| Q1 24 | $-83.9M | $-87.8M |
毛利率BLMNRUN
| Q4 25 | 70.2% | — | ||
| Q3 25 | 70.4% | — | ||
| Q2 25 | 70.2% | — | ||
| Q1 25 | 70.1% | — | ||
| Q4 24 | 71.6% | — | ||
| Q3 24 | 71.3% | — | ||
| Q2 24 | 70.5% | — | ||
| Q1 24 | 70.5% | — |
营业利润率BLMNRUN
| Q4 25 | -1.4% | 8.4% | ||
| Q3 25 | -3.9% | 0.5% | ||
| Q2 25 | 3.0% | -19.7% | ||
| Q1 25 | 5.5% | -22.8% | ||
| Q4 24 | 1.7% | -628.0% | ||
| Q3 24 | 0.9% | -23.8% | ||
| Q2 24 | 4.4% | -24.4% | ||
| Q1 24 | 6.6% | -40.0% |
净利率BLMNRUN
| Q4 25 | -1.4% | 8.9% | ||
| Q3 25 | -4.9% | 2.3% | ||
| Q2 25 | 2.5% | 49.1% | ||
| Q1 25 | 4.0% | 9.9% | ||
| Q4 24 | -8.2% | -542.7% | ||
| Q3 24 | 0.8% | -15.6% | ||
| Q2 24 | 2.8% | 26.5% | ||
| Q1 24 | -7.8% | -19.2% |
每股收益（稀释后）BLMNRUN
| Q4 25 | $-0.16 | $0.38 | ||
| Q3 25 | $-0.54 | $0.06 | ||
| Q2 25 | $0.30 | $1.07 | ||
| Q1 25 | $0.50 | $0.20 | ||
| Q4 24 | $-0.93 | $-12.59 | ||
| Q3 24 | $0.08 | $-0.37 | ||
| Q2 24 | $0.32 | $0.55 | ||
| Q1 24 | $-0.96 | $-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 | $59.5M | — |
| 总债务越低越好 | $787.4M | $14.7B |
| 股东权益账面价值 | $333.6M | $3.1B |
| 总资产 | $3.2B | $22.6B |
| 负债/权益比越低杠杆越低 | 2.36× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资BLMNRUN
| Q4 25 | $59.5M | — | ||
| Q3 25 | $66.5M | — | ||
| Q2 25 | $50.3M | — | ||
| Q1 25 | $57.7M | — | ||
| Q4 24 | $70.1M | — | ||
| Q3 24 | $83.6M | — | ||
| Q2 24 | $117.9M | — | ||
| Q1 24 | $131.7M | — |
总债务BLMNRUN
| Q4 25 | $787.4M | $14.7B | ||
| Q3 25 | $962.2M | $14.6B | ||
| Q2 25 | $917.1M | $14.0B | ||
| Q1 25 | $917.6M | $13.6B | ||
| Q4 24 | $1.0B | $12.9B | ||
| Q3 24 | $1.1B | $12.5B | ||
| Q2 24 | $1.0B | $12.0B | ||
| Q1 24 | $951.8M | $11.1B |
股东权益BLMNRUN
| Q4 25 | $333.6M | $3.1B | ||
| Q3 25 | $344.1M | $3.0B | ||
| Q2 25 | $397.2M | $2.9B | ||
| Q1 25 | $380.6M | $2.6B | ||
| Q4 24 | $135.5M | $2.6B | ||
| Q3 24 | $242.1M | $5.3B | ||
| Q2 24 | $286.8M | $5.4B | ||
| Q1 24 | $302.7M | $5.2B |
总资产BLMNRUN
| Q4 25 | $3.2B | $22.6B | ||
| Q3 25 | $3.3B | $22.2B | ||
| Q2 25 | $3.3B | $21.2B | ||
| Q1 25 | $3.3B | $20.4B | ||
| Q4 24 | $3.4B | $19.9B | ||
| Q3 24 | $3.4B | $22.1B | ||
| Q2 24 | $3.4B | $21.4B | ||
| Q1 24 | $3.4B | $20.8B |
负债/权益比BLMNRUN
| Q4 25 | 2.36× | 4.69× | ||
| Q3 25 | 2.80× | 4.90× | ||
| Q2 25 | 2.31× | 4.80× | ||
| Q1 25 | 2.41× | 5.19× | ||
| Q4 24 | 7.58× | 5.05× | ||
| Q3 24 | 4.51× | 2.36× | ||
| Q2 24 | 3.49× | 2.23× | ||
| Q1 24 | 3.14× | 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 | $119.1M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $63.7M | — |
| 自由现金流率自由现金流/营收 | 6.5% | — |
| 资本支出强度资本支出/营收 | 5.7% | — |
| 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 | $96.8M | — |
8季度趋势，按日历期对齐
经营现金流BLMNRUN
| Q4 25 | $119.1M | $96.9M | ||
| Q3 25 | $34.4M | $-121.5M | ||
| Q2 25 | $49.7M | $-292.7M | ||
| Q1 25 | $73.5M | $-104.2M | ||
| Q4 24 | $119.8M | $-258.4M | ||
| Q3 24 | $-7.8M | $-156.2M | ||
| Q2 24 | $42.4M | $-208.5M | ||
| Q1 24 | $73.8M | $-143.1M |
自由现金流BLMNRUN
| Q4 25 | $63.7M | — | ||
| Q3 25 | $-5.7M | — | ||
| Q2 25 | $11.1M | — | ||
| Q1 25 | $27.7M | — | ||
| Q4 24 | $66.7M | — | ||
| Q3 24 | $-67.3M | $-156.4M | ||
| Q2 24 | $-12.1M | — | ||
| Q1 24 | $20.0M | — |
自由现金流率BLMNRUN
| Q4 25 | 6.5% | — | ||
| Q3 25 | -0.6% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | -7.4% | -29.1% | ||
| Q2 24 | -1.2% | — | ||
| Q1 24 | 1.9% | — |
资本支出强度BLMNRUN
| Q4 25 | 5.7% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 6.5% | 0.0% | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | 5.0% | — |
现金转化率BLMNRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | 1.95× | -1.05× | ||
| Q1 25 | 1.74× | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | -1.13× | — | ||
| Q2 24 | 1.49× | -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
BLMN
| Food And Beverage | $958.0M | 98% |
| Franchiseand Other Revenue | $17.2M | 2% |
| International Franchise Segment | $7.8M | 1% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
