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科睿唯安（CLVT）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.的季度营收约是科睿唯安的2.0倍（$1.2B vs $585.5M），Sunrun Inc.净利率更高（8.9% vs -6.9%，领先15.8%），Sunrun Inc.同比增速更快（123.5% vs -1.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -5.1%）
科睿唯安是一家英美合资的上市分析服务企业，主要提供订阅制信息服务，覆盖文献计量、科学计量、商业与市场情报领域，同时为医药、生物科技行业提供专利、监管合规相关的竞争分析，也提供商标保护、域名与品牌保护服务，旗下Web of Science产品系列还负责计算学术期刊的影响因子。
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。
CLVT vs RUN — 直观对比
营收规模更大
RUN
是对方的2.0倍
$585.5M
营收增速更快
RUN
高出124.9%
-1.4%
净利率更高
RUN
高出15.8%
-6.9%
两年增速更快
RUN
近两年复合增速
-5.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $585.5M | $1.2B |
| 净利润 | $-40.2M | $103.6M |
| 毛利率 | 67.2% | — |
| 营业利润率 | 5.2% | 8.4% |
| 净利率 | -6.9% | 8.9% |
| 营收同比 | -1.4% | 123.5% |
| 净利润同比 | 61.3% | 103.7% |
| 每股收益（稀释后） | $-0.06 | $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CLVTRUN
| Q1 26 | $585.5M | — | ||
| Q4 25 | $617.0M | $1.2B | ||
| Q3 25 | $623.1M | $724.6M | ||
| Q2 25 | $621.4M | $569.3M | ||
| Q1 25 | $593.7M | $504.3M | ||
| Q4 24 | $663.0M | $518.5M | ||
| Q3 24 | $622.2M | $537.2M | ||
| Q2 24 | $650.3M | $523.9M |
净利润CLVTRUN
| Q1 26 | $-40.2M | — | ||
| Q4 25 | $3.1M | $103.6M | ||
| Q3 25 | $-28.3M | $16.6M | ||
| Q2 25 | $-72.0M | $279.8M | ||
| Q1 25 | $-103.9M | $50.0M | ||
| Q4 24 | $-191.8M | $-2.8B | ||
| Q3 24 | $-65.6M | $-83.8M | ||
| Q2 24 | $-304.3M | $139.1M |
毛利率CLVTRUN
| Q1 26 | 67.2% | — | ||
| Q4 25 | 66.8% | — | ||
| Q3 25 | 65.0% | — | ||
| Q2 25 | 67.2% | — | ||
| Q1 25 | 65.1% | — | ||
| Q4 24 | 65.7% | — | ||
| Q3 24 | 66.2% | — | ||
| Q2 24 | 67.2% | — |
营业利润率CLVTRUN
| Q1 26 | 5.2% | — | ||
| Q4 25 | 6.7% | 8.4% | ||
| Q3 25 | 7.1% | 0.5% | ||
| Q2 25 | 1.1% | -19.7% | ||
| Q1 25 | -3.5% | -22.8% | ||
| Q4 24 | -9.4% | -628.0% | ||
| Q3 24 | 3.5% | -23.8% | ||
| Q2 24 | -36.9% | -24.4% |
净利率CLVTRUN
| Q1 26 | -6.9% | — | ||
| Q4 25 | 0.5% | 8.9% | ||
| Q3 25 | -4.5% | 2.3% | ||
| Q2 25 | -11.6% | 49.1% | ||
| Q1 25 | -17.5% | 9.9% | ||
| Q4 24 | -28.9% | -542.7% | ||
| Q3 24 | -10.5% | -15.6% | ||
| Q2 24 | -46.8% | 26.5% |
每股收益（稀释后）CLVTRUN
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.00 | $0.38 | ||
| Q3 25 | $-0.04 | $0.06 | ||
| Q2 25 | $-0.11 | $1.07 | ||
| Q1 25 | $-0.15 | $0.20 | ||
| Q4 24 | $-0.27 | $-12.59 | ||
| Q3 24 | $-0.09 | $-0.37 | ||
| Q2 24 | $-0.46 | $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 | $4.3B | $14.7B |
| 股东权益账面价值 | $4.8B | $3.1B |
| 总资产 | $10.9B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.89× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资CLVTRUN
| Q1 26 | — | — | ||
| Q4 25 | $329.2M | — | ||
| Q3 25 | $318.7M | — | ||
| Q2 25 | $362.6M | — | ||
| Q1 25 | $354.0M | — | ||
| Q4 24 | $295.2M | — | ||
| Q3 24 | $388.5M | — | ||
| Q2 24 | $376.4M | — |
总债务CLVTRUN
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | $14.7B | ||
| Q3 25 | $4.4B | $14.6B | ||
| Q2 25 | $4.5B | $14.0B | ||
| Q1 25 | $4.5B | $13.6B | ||
| Q4 24 | $4.5B | $12.9B | ||
| Q3 24 | $4.6B | $12.5B | ||
| Q2 24 | $4.6B | $12.0B |
股东权益CLVTRUN
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.8B | $3.1B | ||
| Q3 25 | $4.9B | $3.0B | ||
| Q2 25 | $5.0B | $2.9B | ||
| Q1 25 | $5.0B | $2.6B | ||
| Q4 24 | $5.1B | $2.6B | ||
| Q3 24 | $5.5B | $5.3B | ||
| Q2 24 | $5.6B | $5.4B |
总资产CLVTRUN
| Q1 26 | $10.9B | — | ||
| Q4 25 | $11.1B | $22.6B | ||
| Q3 25 | $11.2B | $22.2B | ||
| Q2 25 | $11.4B | $21.2B | ||
| Q1 25 | $11.5B | $20.4B | ||
| Q4 24 | $11.5B | $19.9B | ||
| Q3 24 | $12.0B | $22.1B | ||
| Q2 24 | $12.1B | $21.4B |
负债/权益比CLVTRUN
| Q1 26 | 0.89× | — | ||
| Q4 25 | 0.89× | 4.69× | ||
| Q3 25 | 0.90× | 4.90× | ||
| Q2 25 | 0.90× | 4.80× | ||
| Q1 25 | 0.90× | 5.19× | ||
| Q4 24 | 0.88× | 5.05× | ||
| Q3 24 | 0.84× | 2.36× | ||
| Q2 24 | 0.83× | 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 | $134.7M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $78.9M | — |
| 自由现金流率自由现金流/营收 | 13.5% | — |
| 资本支出强度资本支出/营收 | 9.5% | — |
| 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 | $333.9M | — |
8季度趋势，按日历期对齐
经营现金流CLVTRUN
| Q1 26 | $134.7M | — | ||
| Q4 25 | $159.9M | $96.9M | ||
| Q3 25 | $181.1M | $-121.5M | ||
| Q2 25 | $116.3M | $-292.7M | ||
| Q1 25 | $171.2M | $-104.2M | ||
| Q4 24 | $141.3M | $-258.4M | ||
| Q3 24 | $202.9M | $-156.2M | ||
| Q2 24 | $126.2M | $-208.5M |
自由现金流CLVTRUN
| Q1 26 | $78.9M | — | ||
| Q4 25 | $89.2M | — | ||
| Q3 25 | $115.5M | — | ||
| Q2 25 | $50.3M | — | ||
| Q1 25 | $110.3M | — | ||
| Q4 24 | $59.1M | — | ||
| Q3 24 | $126.3M | $-156.4M | ||
| Q2 24 | $60.3M | — |
自由现金流率CLVTRUN
| Q1 26 | 13.5% | — | ||
| Q4 25 | 14.5% | — | ||
| Q3 25 | 18.5% | — | ||
| Q2 25 | 8.1% | — | ||
| Q1 25 | 18.6% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 20.3% | -29.1% | ||
| Q2 24 | 9.3% | — |
资本支出强度CLVTRUN
| Q1 26 | 9.5% | — | ||
| Q4 25 | 11.5% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 12.3% | 0.0% | ||
| Q2 24 | 10.1% | — |
现金转化率CLVTRUN
| Q1 26 | — | — | ||
| Q4 25 | 51.58× | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -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
CLVT
| Subscription | $397.5M | 68% |
| Re-occurring | $108.6M | 19% |
| Transactional | $79.4M | 14% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
