vs
Celsius Holdings, Inc.（CELH）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Celsius Holdings, Inc.的1.6倍（$1.2B vs $721.6M），Sunrun Inc.净利率更高（8.9% vs 3.4%，领先5.5%），Sunrun Inc.同比增速更快（123.5% vs 117.2%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 42.4%）
Celsius Holdings Inc.是美国功能饮品企业，旗下Celsius品牌主打健身饮料、能量饮品系列，产品主打健康定位，公司CEO曾表示这一差异化优势是品牌取得市场成功的核心原因。
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。
CELH vs RUN — 直观对比
营收规模更大
RUN
是对方的1.6倍
$721.6M
营收增速更快
RUN
高出6.3%
117.2%
净利率更高
RUN
高出5.5%
3.4%
两年增速更快
RUN
近两年复合增速
42.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $721.6M | $1.2B |
| 净利润 | $24.7M | $103.6M |
| 毛利率 | 47.4% | — |
| 营业利润率 | 3.6% | 8.4% |
| 净利率 | 3.4% | 8.9% |
| 营收同比 | 117.2% | 123.5% |
| 净利润同比 | 231.1% | 103.7% |
| 每股收益（稀释后） | $0.04 | $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CELHRUN
| Q4 25 | $721.6M | $1.2B | ||
| Q3 25 | $725.1M | $724.6M | ||
| Q2 25 | $739.3M | $569.3M | ||
| Q1 25 | $329.3M | $504.3M | ||
| Q4 24 | $332.2M | $518.5M | ||
| Q3 24 | $265.7M | $537.2M | ||
| Q2 24 | $402.0M | $523.9M | ||
| Q1 24 | $355.7M | $458.2M |
净利润CELHRUN
| Q4 25 | $24.7M | $103.6M | ||
| Q3 25 | $-61.0M | $16.6M | ||
| Q2 25 | $99.9M | $279.8M | ||
| Q1 25 | $44.4M | $50.0M | ||
| Q4 24 | $-18.9M | $-2.8B | ||
| Q3 24 | $6.4M | $-83.8M | ||
| Q2 24 | $79.8M | $139.1M | ||
| Q1 24 | $77.8M | $-87.8M |
毛利率CELHRUN
| Q4 25 | 47.4% | — | ||
| Q3 25 | 51.3% | — | ||
| Q2 25 | 51.5% | — | ||
| Q1 25 | 52.3% | — | ||
| Q4 24 | 50.2% | — | ||
| Q3 24 | 46.0% | — | ||
| Q2 24 | 52.0% | — | ||
| Q1 24 | 51.2% | — |
营业利润率CELHRUN
| Q4 25 | 3.6% | 8.4% | ||
| Q3 25 | -11.0% | 0.5% | ||
| Q2 25 | 19.3% | -19.7% | ||
| Q1 25 | 15.8% | -22.8% | ||
| Q4 24 | -5.6% | -628.0% | ||
| Q3 24 | -1.2% | -23.8% | ||
| Q2 24 | 23.4% | -24.4% | ||
| Q1 24 | 23.4% | -40.0% |
净利率CELHRUN
| Q4 25 | 3.4% | 8.9% | ||
| Q3 25 | -8.4% | 2.3% | ||
| Q2 25 | 13.5% | 49.1% | ||
| Q1 25 | 13.5% | 9.9% | ||
| Q4 24 | -5.7% | -542.7% | ||
| Q3 24 | 2.4% | -15.6% | ||
| Q2 24 | 19.8% | 26.5% | ||
| Q1 24 | 21.9% | -19.2% |
每股收益（稀释后）CELHRUN
| Q4 25 | $0.04 | $0.38 | ||
| Q3 25 | $-0.27 | $0.06 | ||
| Q2 25 | $0.33 | $1.07 | ||
| Q1 25 | $0.15 | $0.20 | ||
| Q4 24 | $-0.10 | $-12.59 | ||
| Q3 24 | $0.00 | $-0.37 | ||
| Q2 24 | $0.28 | $0.55 | ||
| Q1 24 | $0.27 | $-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 | $398.9M | — |
| 总债务越低越好 | $676.9M | $14.7B |
| 股东权益账面价值 | $1.2B | $3.1B |
| 总资产 | $5.1B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.57× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资CELHRUN
| Q4 25 | $398.9M | — | ||
| Q3 25 | $806.0M | — | ||
| Q2 25 | $615.2M | — | ||
| Q1 25 | $977.3M | — | ||
| Q4 24 | $890.2M | — | ||
| Q3 24 | $903.7M | — | ||
| Q2 24 | $903.2M | — | ||
| Q1 24 | $879.5M | — |
总债务CELHRUN
| Q4 25 | $676.9M | $14.7B | ||
| Q3 25 | $870.5M | $14.6B | ||
| Q2 25 | $871.9M | $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CELHRUN
| Q4 25 | $1.2B | $3.1B | ||
| Q3 25 | $1.2B | $3.0B | ||
| Q2 25 | $1.3B | $2.9B | ||
| Q1 25 | $443.1M | $2.6B | ||
| Q4 24 | $399.9M | $2.6B | ||
| Q3 24 | $423.6M | $5.3B | ||
| Q2 24 | $415.8M | $5.4B | ||
| Q1 24 | $338.2M | $5.2B |
总资产CELHRUN
| Q4 25 | $5.1B | $22.6B | ||
| Q3 25 | $5.3B | $22.2B | ||
| Q2 25 | $3.8B | $21.2B | ||
| Q1 25 | $1.9B | $20.4B | ||
| Q4 24 | $1.8B | $19.9B | ||
| Q3 24 | $1.7B | $22.1B | ||
| Q2 24 | $1.7B | $21.4B | ||
| Q1 24 | $1.6B | $20.8B |
负债/权益比CELHRUN
| Q4 25 | 0.57× | 4.69× | ||
| Q3 25 | 0.72× | 4.90× | ||
| Q2 25 | 0.69× | 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 | $-119.4M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $-130.0M | — |
| 自由现金流率自由现金流/营收 | -18.0% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | -4.83× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $323.4M | — |
8季度趋势，按日历期对齐
经营现金流CELHRUN
| Q4 25 | $-119.4M | $96.9M | ||
| Q3 25 | $331.8M | $-121.5M | ||
| Q2 25 | $43.7M | $-292.7M | ||
| Q1 25 | $103.4M | $-104.2M | ||
| Q4 24 | $75.7M | $-258.4M | ||
| Q3 24 | $12.9M | $-156.2M | ||
| Q2 24 | $39.6M | $-208.5M | ||
| Q1 24 | $134.6M | $-143.1M |
自由现金流CELHRUN
| Q4 25 | $-130.0M | — | ||
| Q3 25 | $321.5M | — | ||
| Q2 25 | $35.5M | — | ||
| Q1 25 | $96.4M | — | ||
| Q4 24 | $70.3M | — | ||
| Q3 24 | $8.7M | $-156.4M | ||
| Q2 24 | $30.4M | — | ||
| Q1 24 | $130.1M | — |
自由现金流率CELHRUN
| Q4 25 | -18.0% | — | ||
| Q3 25 | 44.3% | — | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | 29.3% | — | ||
| Q4 24 | 21.2% | — | ||
| Q3 24 | 3.3% | -29.1% | ||
| Q2 24 | 7.6% | — | ||
| Q1 24 | 36.6% | — |
资本支出强度CELHRUN
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.6% | 0.0% | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | 1.3% | — |
现金转化率CELHRUN
| Q4 25 | -4.83× | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | 0.44× | -1.05× | ||
| Q1 25 | 2.33× | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 0.50× | -1.50× | ||
| Q1 24 | 1.73× | — |
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
CELH
暂无分部数据
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
