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Blink Charging Co.（BLNK）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Blink Charging Co.的42.9倍（$1.2B vs $27.0M）。Sunrun Inc.净利率更高（8.9% vs -113.3%，领先122.2%）。Sunrun Inc.同比增速更快（123.5% vs -3.5%）。过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -15.2%）
Blink Charging Co.是总部位于美国马里兰州鲍伊市的电动汽车充电网络运营商，是美国三大电动汽车充电网络服务商之一，业务遍及全球25个国家，共运营超过九万个充电桩。
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。
BLNK vs RUN — 直观对比
营收规模更大
RUN
是对方的42.9倍
$27.0M
营收增速更快
RUN
高出127.0%
-3.5%
净利率更高
RUN
高出122.2%
-113.3%
两年增速更快
RUN
近两年复合增速
-15.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $27.0M | $1.2B |
| 净利润 | $-30.6M | $103.6M |
| 毛利率 | 15.8% | — |
| 营业利润率 | -120.9% | 8.4% |
| 净利率 | -113.3% | 8.9% |
| 营收同比 | -3.5% | 123.5% |
| 净利润同比 | 60.1% | 103.7% |
| 每股收益（稀释后） | $-0.27 | $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BLNKRUN
| Q4 25 | $27.0M | $1.2B | ||
| Q3 25 | $27.1M | $724.6M | ||
| Q2 25 | $28.7M | $569.3M | ||
| Q1 25 | $20.7M | $504.3M | ||
| Q4 24 | $28.0M | $518.5M | ||
| Q3 24 | $25.2M | $537.2M | ||
| Q2 24 | $33.3M | $523.9M | ||
| Q1 24 | $37.6M | $458.2M |
净利润BLNKRUN
| Q4 25 | $-30.6M | $103.6M | ||
| Q3 25 | $-86.0K | $16.6M | ||
| Q2 25 | $-32.0M | $279.8M | ||
| Q1 25 | $-20.7M | $50.0M | ||
| Q4 24 | $-76.7M | $-2.8B | ||
| Q3 24 | $-87.4M | $-83.8M | ||
| Q2 24 | $-20.1M | $139.1M | ||
| Q1 24 | $-17.2M | $-87.8M |
毛利率BLNKRUN
| Q4 25 | 15.8% | — | ||
| Q3 25 | 34.5% | — | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | 34.1% | — | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 36.2% | — | ||
| Q2 24 | 32.2% | — | ||
| Q1 24 | 35.7% | — |
营业利润率BLNKRUN
| Q4 25 | -120.9% | 8.4% | ||
| Q3 25 | -1.7% | 0.5% | ||
| Q2 25 | -103.0% | -19.7% | ||
| Q1 25 | -103.2% | -22.8% | ||
| Q4 24 | -274.2% | -628.0% | ||
| Q3 24 | -350.3% | -23.8% | ||
| Q2 24 | -62.1% | -24.4% | ||
| Q1 24 | -46.5% | -40.0% |
净利率BLNKRUN
| Q4 25 | -113.3% | 8.9% | ||
| Q3 25 | -0.3% | 2.3% | ||
| Q2 25 | -111.3% | 49.1% | ||
| Q1 25 | -99.9% | 9.9% | ||
| Q4 24 | -273.7% | -542.7% | ||
| Q3 24 | -347.0% | -15.6% | ||
| Q2 24 | -60.3% | 26.5% | ||
| Q1 24 | -45.7% | -19.2% |
每股收益（稀释后）BLNKRUN
| Q4 25 | $-0.27 | $0.38 | ||
| Q3 25 | $0.00 | $0.06 | ||
| Q2 25 | $-0.28 | $1.07 | ||
| Q1 25 | $-0.21 | $0.20 | ||
| Q4 24 | $-0.77 | $-12.59 | ||
| Q3 24 | $-0.86 | $-0.37 | ||
| Q2 24 | $-0.20 | $0.55 | ||
| Q1 24 | $-0.17 | $-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 | $39.6M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $64.5M | $3.1B |
| 总资产 | $147.5M | $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BLNKRUN
| Q4 25 | $39.6M | — | ||
| Q3 25 | $23.1M | — | ||
| Q2 25 | $25.3M | — | ||
| Q1 25 | $42.0M | — | ||
| Q4 24 | $55.4M | — | ||
| Q3 24 | $64.6M | — | ||
| Q2 24 | $73.9M | — | ||
| Q1 24 | $93.5M | — |
总债务BLNKRUN
| 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BLNKRUN
| Q4 25 | $64.5M | $3.1B | ||
| Q3 25 | $90.8M | $3.0B | ||
| Q2 25 | $70.8M | $2.9B | ||
| Q1 25 | $102.6M | $2.6B | ||
| Q4 24 | $115.5M | $2.6B | ||
| Q3 24 | $194.5M | $5.3B | ||
| Q2 24 | $278.4M | $5.4B | ||
| Q1 24 | $296.7M | $5.2B |
总资产BLNKRUN
| Q4 25 | $147.5M | $22.6B | ||
| Q3 25 | $171.3M | $22.2B | ||
| Q2 25 | $168.4M | $21.2B | ||
| Q1 25 | $199.1M | $20.4B | ||
| Q4 24 | $215.0M | $19.9B | ||
| Q3 24 | $303.0M | $22.1B | ||
| Q2 24 | $380.3M | $21.4B | ||
| Q1 24 | $404.5M | $20.8B |
负债/权益比BLNKRUN
| 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 | $683.0K | $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BLNKRUN
| Q4 25 | $683.0K | $96.9M | ||
| Q3 25 | $-3.0M | $-121.5M | ||
| Q2 25 | $-16.7M | $-292.7M | ||
| Q1 25 | $-11.9M | $-104.2M | ||
| Q4 24 | $-13.5M | $-258.4M | ||
| Q3 24 | $-9.1M | $-156.2M | ||
| Q2 24 | $-4.3M | $-208.5M | ||
| Q1 24 | $-21.5M | $-143.1M |
自由现金流BLNKRUN
| Q4 25 | — | — | ||
| Q3 25 | $-4.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-14.2M | — | ||
| Q4 24 | $-14.4M | — | ||
| Q3 24 | $-10.1M | $-156.4M | ||
| Q2 24 | $-10.0M | — | ||
| Q1 24 | $-24.3M | — |
自由现金流率BLNKRUN
| Q4 25 | — | — | ||
| Q3 25 | -18.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -68.6% | — | ||
| Q4 24 | -51.5% | — | ||
| Q3 24 | -40.1% | -29.1% | ||
| Q2 24 | -30.1% | — | ||
| Q1 24 | -64.7% | — |
资本支出强度BLNKRUN
| Q4 25 | — | — | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.9% | 0.0% | ||
| Q2 24 | 17.3% | — | ||
| Q1 24 | 7.5% | — |
现金转化率BLNKRUN
| 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
BLNK
| Products | $11.0M | 41% |
| Host Provider Fees | $5.9M | 22% |
| Network | $3.7M | 14% |
| Transferred Over Time | $3.2M | 12% |
| Network Fees And Warranty Contracts | $1.6M | 6% |
| Car Sharing Services | $1.3M | 5% |
| Depreciation And Amortization | $234.0K | 1% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
