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CALERES INC（CAL）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CALERES INC的1.5倍（$1.2B vs $790.1M），Sunrun Inc.净利率更高（8.9% vs 0.3%，领先8.6%），Sunrun Inc.同比增速更快（123.5% vs 6.6%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 6.5%）
Caleres Inc是一家美国鞋履企业，旗下拥有并运营多个鞋履品牌，总部坐落于圣路易斯郊区密苏里州克莱顿。该企业前身是1878年在圣路易斯成立的Bryan, Brown & Company，此后历经多次更名，其前身汉密尔顿-布朗鞋业在20世纪初曾是美国最大的鞋履制造商。
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。
CAL vs RUN — 直观对比
营收规模更大
RUN
是对方的1.5倍
$790.1M
营收增速更快
RUN
高出116.9%
6.6%
净利率更高
RUN
高出8.6%
0.3%
两年增速更快
RUN
近两年复合增速
6.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $790.1M | $1.2B |
| 净利润 | $2.4M | $103.6M |
| 毛利率 | 41.8% | — |
| 营业利润率 | 1.5% | 8.4% |
| 净利率 | 0.3% | 8.9% |
| 营收同比 | 6.6% | 123.5% |
| 净利润同比 | -94.2% | 103.7% |
| 每股收益（稀释后） | $0.07 | $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CALRUN
| Q4 25 | $790.1M | $1.2B | ||
| Q3 25 | $658.5M | $724.6M | ||
| Q2 25 | $614.2M | $569.3M | ||
| Q1 25 | $639.2M | $504.3M | ||
| Q4 24 | $740.9M | $518.5M | ||
| Q3 24 | $683.3M | $537.2M | ||
| Q2 24 | $659.2M | $523.9M | ||
| Q1 24 | $697.1M | $458.2M |
净利润CALRUN
| Q4 25 | $2.4M | $103.6M | ||
| Q3 25 | $6.7M | $16.6M | ||
| Q2 25 | $6.9M | $279.8M | ||
| Q1 25 | $4.9M | $50.0M | ||
| Q4 24 | $41.4M | $-2.8B | ||
| Q3 24 | $30.0M | $-83.8M | ||
| Q2 24 | $30.9M | $139.1M | ||
| Q1 24 | $55.7M | $-87.8M |
毛利率CALRUN
| Q4 25 | 41.8% | — | ||
| Q3 25 | 43.4% | — | ||
| Q2 25 | 45.4% | — | ||
| Q1 25 | 43.0% | — | ||
| Q4 24 | 44.1% | — | ||
| Q3 24 | 45.5% | — | ||
| Q2 24 | 46.9% | — | ||
| Q1 24 | 43.9% | — |
营业利润率CALRUN
| Q4 25 | 1.5% | 8.4% | ||
| Q3 25 | 1.4% | 0.5% | ||
| Q2 25 | 1.9% | -19.7% | ||
| Q1 25 | 1.2% | -22.8% | ||
| Q4 24 | 7.7% | -628.0% | ||
| Q3 24 | 6.2% | -23.8% | ||
| Q2 24 | 6.5% | -24.4% | ||
| Q1 24 | 4.4% | -40.0% |
净利率CALRUN
| Q4 25 | 0.3% | 8.9% | ||
| Q3 25 | 1.0% | 2.3% | ||
| Q2 25 | 1.1% | 49.1% | ||
| Q1 25 | 0.8% | 9.9% | ||
| Q4 24 | 5.6% | -542.7% | ||
| Q3 24 | 4.4% | -15.6% | ||
| Q2 24 | 4.7% | 26.5% | ||
| Q1 24 | 8.0% | -19.2% |
每股收益（稀释后）CALRUN
| Q4 25 | $0.07 | $0.38 | ||
| Q3 25 | $0.20 | $0.06 | ||
| Q2 25 | $0.21 | $1.07 | ||
| Q1 25 | $0.17 | $0.20 | ||
| Q4 24 | $1.19 | $-12.59 | ||
| Q3 24 | $0.85 | $-0.37 | ||
| Q2 24 | $0.88 | $0.55 | ||
| Q1 24 | $1.56 | $-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 | $34.0M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $616.8M | $3.1B |
| 总资产 | $2.1B | $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CALRUN
| Q4 25 | $34.0M | — | ||
| Q3 25 | $191.5M | — | ||
| Q2 25 | $33.1M | — | ||
| Q1 25 | $29.6M | — | ||
| Q4 24 | $33.7M | — | ||
| Q3 24 | $51.8M | — | ||
| Q2 24 | $30.7M | — | ||
| Q1 24 | $21.4M | — |
总债务CALRUN
| 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CALRUN
| Q4 25 | $616.8M | $3.1B | ||
| Q3 25 | $613.3M | $3.0B | ||
| Q2 25 | $605.2M | $2.9B | ||
| Q1 25 | $599.0M | $2.6B | ||
| Q4 24 | $598.3M | $2.6B | ||
| Q3 24 | $606.1M | $5.3B | ||
| Q2 24 | $570.3M | $5.4B | ||
| Q1 24 | $560.6M | $5.2B |
总资产CALRUN
| Q4 25 | $2.1B | $22.6B | ||
| Q3 25 | $2.2B | $22.2B | ||
| Q2 25 | $1.9B | $21.2B | ||
| Q1 25 | $1.9B | $20.4B | ||
| Q4 24 | $2.0B | $19.9B | ||
| Q3 24 | $2.0B | $22.1B | ||
| Q2 24 | $1.9B | $21.4B | ||
| Q1 24 | $1.8B | $20.8B |
负债/权益比CALRUN
| 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 | $-1.2M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $-12.4M | — |
| 自由现金流率自由现金流/营收 | -1.6% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | -0.50× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $14.4M | — |
8季度趋势，按日历期对齐
经营现金流CALRUN
| Q4 25 | $-1.2M | $96.9M | ||
| Q3 25 | $47.3M | $-121.5M | ||
| Q2 25 | $-5.7M | $-292.7M | ||
| Q1 25 | $28.7M | $-104.2M | ||
| Q4 24 | $-39.8M | $-258.4M | ||
| Q3 24 | $79.6M | $-156.2M | ||
| Q2 24 | $36.1M | $-208.5M | ||
| Q1 24 | $43.0M | $-143.1M |
自由现金流CALRUN
| Q4 25 | $-12.4M | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $-26.2M | — | ||
| Q1 25 | $18.0M | — | ||
| Q4 24 | $-57.4M | — | ||
| Q3 24 | $68.5M | $-156.4M | ||
| Q2 24 | $26.3M | — | ||
| Q1 24 | $32.4M | — |
自由现金流率CALRUN
| Q4 25 | -1.6% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | -4.3% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | -7.7% | — | ||
| Q3 24 | 10.0% | -29.1% | ||
| Q2 24 | 4.0% | — | ||
| Q1 24 | 4.6% | — |
资本支出强度CALRUN
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 1.6% | 0.0% | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.5% | — |
现金转化率CALRUN
| Q4 25 | -0.50× | 0.94× | ||
| Q3 25 | 7.05× | -7.33× | ||
| Q2 25 | -0.81× | -1.05× | ||
| Q1 25 | 5.82× | -2.08× | ||
| Q4 24 | -0.96× | — | ||
| Q3 24 | 2.66× | — | ||
| Q2 24 | 1.17× | -1.50× | ||
| Q1 24 | 0.77× | — |
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
CAL
| Brand Portfolio | $383.7M | 49% |
| Landed Wholesale | $148.1M | 19% |
| Wholesale E Commerce | $75.0M | 9% |
| Ecommerce | $68.8M | 9% |
| Stuart Weitzman Brand | $45.8M | 6% |
| Landed Wholesale Ecommerce Drop Ship | $30.6M | 4% |
| First Cost Wholesale | $14.9M | 2% |
| Clt Brand Solutions | $10.2M | 1% |
| License And Royalty | $2.1M | 0% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
