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CENTURY ALUMINUM CO（CENX）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CENTURY ALUMINUM CO的1.8倍（$1.2B vs $633.7M），Sunrun Inc.净利率更高（8.9% vs 0.3%，领先8.7%），Sunrun Inc.同比增速更快（123.5% vs 0.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 13.8%）
世纪铝业是总部位于美国的原铝生产商，在美国肯塔基州、南卡罗来纳州及冰岛均设有铝生产工厂，是美国规模最大的原铝生产商，在纳斯达克上市，总部坐落于芝加哥南瓦克尔大道1号。
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。
CENX vs RUN — 直观对比
营收规模更大
RUN
是对方的1.8倍
$633.7M
营收增速更快
RUN
高出123.1%
0.4%
净利率更高
RUN
高出8.7%
0.3%
两年增速更快
RUN
近两年复合增速
13.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $633.7M | $1.2B |
| 净利润 | $1.8M | $103.6M |
| 毛利率 | 13.0% | — |
| 营业利润率 | 5.2% | 8.4% |
| 净利率 | 0.3% | 8.9% |
| 营收同比 | 0.4% | 123.5% |
| 净利润同比 | -96.0% | 103.7% |
| 每股收益（稀释后） | $0.03 | $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CENXRUN
| Q4 25 | $633.7M | $1.2B | ||
| Q3 25 | $632.2M | $724.6M | ||
| Q2 25 | $628.1M | $569.3M | ||
| Q1 25 | $633.9M | $504.3M | ||
| Q4 24 | $630.9M | $518.5M | ||
| Q3 24 | $539.1M | $537.2M | ||
| Q2 24 | $560.8M | $523.9M | ||
| Q1 24 | $489.5M | $458.2M |
净利润CENXRUN
| Q4 25 | $1.8M | $103.6M | ||
| Q3 25 | $14.9M | $16.6M | ||
| Q2 25 | $-4.6M | $279.8M | ||
| Q1 25 | $29.7M | $50.0M | ||
| Q4 24 | $45.2M | $-2.8B | ||
| Q3 24 | $47.3M | $-83.8M | ||
| Q2 24 | $-2.5M | $139.1M | ||
| Q1 24 | $246.8M | $-87.8M |
毛利率CENXRUN
| Q4 25 | 13.0% | — | ||
| Q3 25 | 12.2% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 9.6% | — | ||
| Q4 24 | 10.5% | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 3.4% | — |
营业利润率CENXRUN
| Q4 25 | 5.2% | 8.4% | ||
| Q3 25 | 9.2% | 0.5% | ||
| Q2 25 | 3.3% | -19.7% | ||
| Q1 25 | 7.3% | -22.8% | ||
| Q4 24 | 7.8% | -628.0% | ||
| Q3 24 | 11.8% | -23.8% | ||
| Q2 24 | 1.1% | -24.4% | ||
| Q1 24 | 0.4% | -40.0% |
净利率CENXRUN
| Q4 25 | 0.3% | 8.9% | ||
| Q3 25 | 2.4% | 2.3% | ||
| Q2 25 | -0.7% | 49.1% | ||
| Q1 25 | 4.7% | 9.9% | ||
| Q4 24 | 7.2% | -542.7% | ||
| Q3 24 | 8.8% | -15.6% | ||
| Q2 24 | -0.4% | 26.5% | ||
| Q1 24 | 50.4% | -19.2% |
每股收益（稀释后）CENXRUN
| Q4 25 | $0.03 | $0.38 | ||
| Q3 25 | $0.15 | $0.06 | ||
| Q2 25 | $-0.05 | $1.07 | ||
| Q1 25 | $0.29 | $0.20 | ||
| Q4 24 | $0.58 | $-12.59 | ||
| Q3 24 | $0.46 | $-0.37 | ||
| Q2 24 | $-0.03 | $0.55 | ||
| Q1 24 | $2.26 | $-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 | $134.2M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $805.6M | $3.1B |
| 总资产 | $2.3B | $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CENXRUN
| Q4 25 | $134.2M | — | ||
| Q3 25 | $151.4M | — | ||
| Q2 25 | $40.7M | — | ||
| Q1 25 | $44.9M | — | ||
| Q4 24 | $32.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $41.3M | — | ||
| Q1 24 | $93.5M | — |
总债务CENXRUN
| 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CENXRUN
| Q4 25 | $805.6M | $3.1B | ||
| Q3 25 | $741.8M | $3.0B | ||
| Q2 25 | $724.4M | $2.9B | ||
| Q1 25 | $726.3M | $2.6B | ||
| Q4 24 | $694.4M | $2.6B | ||
| Q3 24 | $628.5M | $5.3B | ||
| Q2 24 | $601.5M | $5.4B | ||
| Q1 24 | $601.5M | $5.2B |
总资产CENXRUN
| Q4 25 | $2.3B | $22.6B | ||
| Q3 25 | $2.1B | $22.2B | ||
| Q2 25 | $1.9B | $21.2B | ||
| Q1 25 | $2.0B | $20.4B | ||
| Q4 24 | $1.9B | $19.9B | ||
| Q3 24 | $2.1B | $22.1B | ||
| Q2 24 | $1.8B | $21.4B | ||
| Q1 24 | $1.8B | $20.8B |
负债/权益比CENXRUN
| 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 | $102.8M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $67.7M | — |
| 自由现金流率自由现金流/营收 | 10.7% | — |
| 资本支出强度资本支出/营收 | 5.5% | — |
| 现金转化率经营现金流/净利润 | 57.11× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $84.8M | — |
8季度趋势，按日历期对齐
经营现金流CENXRUN
| Q4 25 | $102.8M | $96.9M | ||
| Q3 25 | $2.0M | $-121.5M | ||
| Q2 25 | $7.9M | $-292.7M | ||
| Q1 25 | $72.3M | $-104.2M | ||
| Q4 24 | $-41.4M | $-258.4M | ||
| Q3 24 | $20.1M | $-156.2M | ||
| Q2 24 | $11.5M | $-208.5M | ||
| Q1 24 | $-14.8M | $-143.1M |
自由现金流CENXRUN
| Q4 25 | $67.7M | — | ||
| Q3 25 | $-18.1M | — | ||
| Q2 25 | $-15.9M | — | ||
| Q1 25 | $51.1M | — | ||
| Q4 24 | $-54.6M | — | ||
| Q3 24 | $-2.4M | $-156.4M | ||
| Q2 24 | $-5.4M | — | ||
| Q1 24 | $-44.5M | — |
自由现金流率CENXRUN
| Q4 25 | 10.7% | — | ||
| Q3 25 | -2.9% | — | ||
| Q2 25 | -2.5% | — | ||
| Q1 25 | 8.1% | — | ||
| Q4 24 | -8.7% | — | ||
| Q3 24 | -0.4% | -29.1% | ||
| Q2 24 | -1.0% | — | ||
| Q1 24 | -9.1% | — |
资本支出强度CENXRUN
| Q4 25 | 5.5% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 4.2% | 0.0% | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 6.1% | — |
现金转化率CENXRUN
| Q4 25 | 57.11× | 0.94× | ||
| Q3 25 | 0.13× | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | 2.43× | -2.08× | ||
| Q4 24 | -0.92× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | — | -1.50× | ||
| Q1 24 | -0.06× | — |
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
CENX
| Aluminum | $566.3M | 89% |
| Alumina | $67.4M | 11% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
