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CAL-MAINE FOODS INC（CALM）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CAL-MAINE FOODS INC的1.5倍（$1.2B vs $769.5M），CAL-MAINE FOODS INC净利率更高（13.4% vs 8.9%，领先4.4%），Sunrun Inc.同比增速更快（123.5% vs -19.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 29.4%）
卡尔梅恩食品公司是总部位于美国密西西比州里奇兰的鲜蛋生产商，截至2024年是美国规模最大的蛋品企业。公司旗下拥有Egg-Land's Best、Land O'Lakes等多个知名蛋品品牌，1957年由弗雷德·R·亚当斯二世创立，亚当斯家族持有企业控股权，目前在纳斯达克挂牌上市。
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。
CALM vs RUN — 直观对比
营收规模更大
RUN
是对方的1.5倍
$769.5M
营收增速更快
RUN
高出142.9%
-19.4%
净利率更高
CALM
高出4.4%
8.9%
两年增速更快
RUN
近两年复合增速
29.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $769.5M | $1.2B |
| 净利润 | $102.8M | $103.6M |
| 毛利率 | 27.0% | — |
| 营业利润率 | 16.1% | 8.4% |
| 净利率 | 13.4% | 8.9% |
| 营收同比 | -19.4% | 123.5% |
| 净利润同比 | -53.1% | 103.7% |
| 每股收益（稀释后） | $2.13 | $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CALMRUN
| Q4 25 | $769.5M | $1.2B | ||
| Q3 25 | $922.6M | $724.6M | ||
| Q2 25 | — | $569.3M | ||
| Q1 25 | $1.4B | $504.3M | ||
| Q4 24 | $954.7M | $518.5M | ||
| Q3 24 | $785.9M | $537.2M | ||
| Q2 24 | — | $523.9M | ||
| Q1 24 | $703.1M | $458.2M |
净利润CALMRUN
| Q4 25 | $102.8M | $103.6M | ||
| Q3 25 | $199.3M | $16.6M | ||
| Q2 25 | — | $279.8M | ||
| Q1 25 | $508.5M | $50.0M | ||
| Q4 24 | $219.1M | $-2.8B | ||
| Q3 24 | $150.0M | $-83.8M | ||
| Q2 24 | — | $139.1M | ||
| Q1 24 | $146.7M | $-87.8M |
毛利率CALMRUN
| Q4 25 | 27.0% | — | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 50.5% | — | ||
| Q4 24 | 37.3% | — | ||
| Q3 24 | 31.5% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 31.1% | — |
营业利润率CALMRUN
| Q4 25 | 16.1% | 8.4% | ||
| Q3 25 | 27.0% | 0.5% | ||
| Q2 25 | — | -19.7% | ||
| Q1 25 | 44.8% | -22.8% | ||
| Q4 24 | 29.1% | -628.0% | ||
| Q3 24 | 23.8% | -23.8% | ||
| Q2 24 | — | -24.4% | ||
| Q1 24 | 23.2% | -40.0% |
净利率CALMRUN
| Q4 25 | 13.4% | 8.9% | ||
| Q3 25 | 21.6% | 2.3% | ||
| Q2 25 | — | 49.1% | ||
| Q1 25 | 35.9% | 9.9% | ||
| Q4 24 | 22.9% | -542.7% | ||
| Q3 24 | 19.1% | -15.6% | ||
| Q2 24 | — | 26.5% | ||
| Q1 24 | 20.9% | -19.2% |
每股收益（稀释后）CALMRUN
| Q4 25 | $2.13 | $0.38 | ||
| Q3 25 | $4.12 | $0.06 | ||
| Q2 25 | — | $1.07 | ||
| Q1 25 | $10.38 | $0.20 | ||
| Q4 24 | $4.47 | $-12.59 | ||
| Q3 24 | $3.06 | $-0.37 | ||
| Q2 24 | — | $0.55 | ||
| Q1 24 | $3.00 | $-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 | $369.4M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $2.7B | $3.1B |
| 总资产 | $3.1B | $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CALMRUN
| Q4 25 | $369.4M | — | ||
| Q3 25 | $251.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $497.2M | — | ||
| Q4 24 | $140.3M | — | ||
| Q3 24 | $181.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $367.1M | — |
总债务CALMRUN
| 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CALMRUN
| Q4 25 | $2.7B | $3.1B | ||
| Q3 25 | $2.7B | $3.0B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | $2.4B | $2.6B | ||
| Q4 24 | $2.0B | $2.6B | ||
| Q3 24 | $1.9B | $5.3B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | $1.7B | $5.2B |
总资产CALMRUN
| Q4 25 | $3.1B | $22.6B | ||
| Q3 25 | $3.2B | $22.2B | ||
| Q2 25 | — | $21.2B | ||
| Q1 25 | $3.1B | $20.4B | ||
| Q4 24 | $2.5B | $19.9B | ||
| Q3 24 | $2.4B | $22.1B | ||
| Q2 24 | — | $21.4B | ||
| Q1 24 | $2.1B | $20.8B |
负债/权益比CALMRUN
| 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 | $94.8M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $47.9M | — |
| 自由现金流率自由现金流/营收 | 6.2% | — |
| 资本支出强度资本支出/营收 | 6.1% | — |
| 现金转化率经营现金流/净利润 | 0.92× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $895.9M | — |
8季度趋势，按日历期对齐
经营现金流CALMRUN
| Q4 25 | $94.8M | $96.9M | ||
| Q3 25 | $278.6M | $-121.5M | ||
| Q2 25 | — | $-292.7M | ||
| Q1 25 | $571.6M | $-104.2M | ||
| Q4 24 | $122.7M | $-258.4M | ||
| Q3 24 | $117.5M | $-156.2M | ||
| Q2 24 | — | $-208.5M | ||
| Q1 24 | $164.0M | $-143.1M |
自由现金流CALMRUN
| Q4 25 | $47.9M | — | ||
| Q3 25 | $233.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $521.8M | — | ||
| Q4 24 | $92.9M | — | ||
| Q3 24 | $81.7M | $-156.4M | ||
| Q2 24 | — | — | ||
| Q1 24 | $133.8M | — |
自由现金流率CALMRUN
| Q4 25 | 6.2% | — | ||
| Q3 25 | 25.3% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 36.8% | — | ||
| Q4 24 | 9.7% | — | ||
| Q3 24 | 10.4% | -29.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | 19.0% | — |
资本支出强度CALMRUN
| Q4 25 | 6.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 4.6% | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | 4.3% | — |
现金转化率CALMRUN
| Q4 25 | 0.92× | 0.94× | ||
| Q3 25 | 1.40× | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | 1.12× | -2.08× | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | — | -1.50× | ||
| Q1 24 | 1.12× | — |
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
CALM
| Retail | $625.4M | 81% |
| Prepared Foods | $71.7M | 9% |
| Egg Products | $34.5M | 4% |
| Service Other | $19.2M | 2% |
| Other | $13.8M | 2% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
