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POPULAR, INC.（BPOP）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POPULAR, INC.的1.4倍（$1.2B vs $835.8M），POPULAR, INC.净利率更高（29.4% vs 8.9%，领先20.5%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 25.1%）
Popular Inc.是波多黎各最大的金融服务集团，创立于1893年，总部位于首府圣胡安哈托雷伊商务区的黄金英里金融区。集团提供全方位金融服务，在波多黎各、美属及英属维尔京群岛以Banco Popular品牌运营，美国本土则使用Popular Bank品牌。
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。
BPOP vs RUN — 直观对比
营收规模更大
RUN
是对方的1.4倍
$835.8M
净利率更高
BPOP
高出20.5%
8.9%
两年增速更快
RUN
近两年复合增速
25.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $835.8M | $1.2B |
| 净利润 | $245.7M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | — | 8.4% |
| 净利率 | 29.4% | 8.9% |
| 营收同比 | — | 123.5% |
| 净利润同比 | 38.4% | 103.7% |
| 每股收益（稀释后） | $3.78 | $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BPOPRUN
| Q1 26 | $835.8M | — | ||
| Q4 25 | $657.6M | $1.2B | ||
| Q3 25 | $646.5M | $724.6M | ||
| Q2 25 | $631.5M | $569.3M | ||
| Q1 25 | — | $504.3M | ||
| Q4 24 | $590.8M | $518.5M | ||
| Q3 24 | $572.5M | $537.2M | ||
| Q2 24 | $568.3M | $523.9M |
净利润BPOPRUN
| Q1 26 | $245.7M | — | ||
| Q4 25 | $233.9M | $103.6M | ||
| Q3 25 | $211.3M | $16.6M | ||
| Q2 25 | $210.4M | $279.8M | ||
| Q1 25 | — | $50.0M | ||
| Q4 24 | $177.8M | $-2.8B | ||
| Q3 24 | $155.3M | $-83.8M | ||
| Q2 24 | $177.8M | $139.1M |
营业利润率BPOPRUN
| Q1 26 | — | — | ||
| Q4 25 | 42.4% | 8.4% | ||
| Q3 25 | 38.2% | 0.5% | ||
| Q2 25 | 40.9% | -19.7% | ||
| Q1 25 | — | -22.8% | ||
| Q4 24 | 37.5% | -628.0% | ||
| Q3 24 | 34.5% | -23.8% | ||
| Q2 24 | 38.4% | -24.4% |
净利率BPOPRUN
| Q1 26 | 29.4% | — | ||
| Q4 25 | 35.6% | 8.9% | ||
| Q3 25 | 32.7% | 2.3% | ||
| Q2 25 | 33.3% | 49.1% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | 30.1% | -542.7% | ||
| Q3 24 | 27.1% | -15.6% | ||
| Q2 24 | 31.3% | 26.5% |
每股收益（稀释后）BPOPRUN
| Q1 26 | $3.78 | — | ||
| Q4 25 | $3.51 | $0.38 | ||
| Q3 25 | $3.14 | $0.06 | ||
| Q2 25 | $3.09 | $1.07 | ||
| Q1 25 | — | $0.20 | ||
| Q4 24 | $2.51 | $-12.59 | ||
| Q3 24 | $2.16 | $-0.37 | ||
| Q2 24 | $2.46 | $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 | $17.6M | $14.7B |
| 股东权益账面价值 | $6.3B | $3.1B |
| 总资产 | $76.1B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.00× | 4.69× |
8季度趋势，按日历期对齐
总债务BPOPRUN
| Q1 26 | $17.6M | — | ||
| 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 |
股东权益BPOPRUN
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.2B | $3.1B | ||
| Q3 25 | $6.1B | $3.0B | ||
| Q2 25 | $6.0B | $2.9B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $5.6B | $2.6B | ||
| Q3 24 | $5.8B | $5.3B | ||
| Q2 24 | $5.4B | $5.4B |
总资产BPOPRUN
| Q1 26 | $76.1B | — | ||
| Q4 25 | $75.3B | $22.6B | ||
| Q3 25 | $75.1B | $22.2B | ||
| Q2 25 | $76.1B | $21.2B | ||
| Q1 25 | — | $20.4B | ||
| Q4 24 | $73.0B | $19.9B | ||
| Q3 24 | $71.3B | $22.1B | ||
| Q2 24 | $72.8B | $21.4B |
负债/权益比BPOPRUN
| Q1 26 | 0.00× | — | ||
| 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× |
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BPOPRUN
| Q1 26 | — | — | ||
| Q4 25 | $268.5M | $96.9M | ||
| Q3 25 | $195.0M | $-121.5M | ||
| Q2 25 | $242.9M | $-292.7M | ||
| Q1 25 | — | $-104.2M | ||
| Q4 24 | $199.5M | $-258.4M | ||
| Q3 24 | $233.2M | $-156.2M | ||
| Q2 24 | $80.4M | $-208.5M |
自由现金流BPOPRUN
| Q1 26 | — | — | ||
| Q4 25 | $221.1M | — | ||
| Q3 25 | $141.1M | — | ||
| Q2 25 | $198.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $139.2M | — | ||
| Q3 24 | $175.6M | $-156.4M | ||
| Q2 24 | $38.9M | — |
自由现金流率BPOPRUN
| Q1 26 | — | — | ||
| Q4 25 | 33.6% | — | ||
| Q3 25 | 21.8% | — | ||
| Q2 25 | 31.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 23.6% | — | ||
| Q3 24 | 30.7% | -29.1% | ||
| Q2 24 | 6.8% | — |
资本支出强度BPOPRUN
| Q1 26 | — | — | ||
| Q4 25 | 7.2% | — | ||
| Q3 25 | 8.3% | — | ||
| Q2 25 | 7.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | 10.1% | 0.0% | ||
| Q2 24 | 7.3% | — |
现金转化率BPOPRUN
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | 0.94× | ||
| Q3 25 | 0.92× | -7.33× | ||
| Q2 25 | 1.15× | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 0.45× | -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
BPOP
| Net Interest Income | $670.2M | 80% |
| Noninterest Income | $165.6M | 20% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
