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高乐氏（CLX）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
高乐氏的季度营收约是Sunrun Inc.的1.4倍（$1.7B vs $1.2B），高乐氏净利率更高（9.4% vs 8.9%，领先0.4%），Sunrun Inc.同比增速更快（123.5% vs 0.3%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -8.3%）
高乐氏是美国跨国企业，专业从事消费级与专业用途产品的生产及营销。2000年至2024年持续入选《财富》500强榜单，最新排名为第485位，旗下产品覆盖清洁护理、家居日用等多个品类，在全球消费市场拥有较高认可度。
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。
CLX vs RUN — 直观对比
营收规模更大
CLX
是对方的1.4倍
$1.2B
营收增速更快
RUN
高出123.2%
0.3%
净利率更高
CLX
高出0.4%
8.9%
两年增速更快
RUN
近两年复合增速
-8.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $157.0M | $103.6M |
| 毛利率 | 43.2% | — |
| 营业利润率 | — | 8.4% |
| 净利率 | 9.4% | 8.9% |
| 营收同比 | 0.3% | 123.5% |
| 净利润同比 | -15.6% | 103.7% |
| 每股收益（稀释后） | $1.29 | $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CLXRUN
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | — | $724.6M | ||
| Q2 25 | $2.0B | $569.3M | ||
| Q1 25 | $1.7B | $504.3M | ||
| Q4 24 | $1.7B | $518.5M | ||
| Q3 24 | $1.8B | $537.2M | ||
| Q2 24 | $1.9B | $523.9M | ||
| Q1 24 | $1.8B | $458.2M |
净利润CLXRUN
| Q4 25 | $157.0M | $103.6M | ||
| Q3 25 | — | $16.6M | ||
| Q2 25 | $332.0M | $279.8M | ||
| Q1 25 | $186.0M | $50.0M | ||
| Q4 24 | $193.0M | $-2.8B | ||
| Q3 24 | $99.0M | $-83.8M | ||
| Q2 24 | $216.0M | $139.1M | ||
| Q1 24 | $-51.0M | $-87.8M |
毛利率CLXRUN
| Q4 25 | 43.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 46.5% | — | ||
| Q1 25 | 44.6% | — | ||
| Q4 24 | 43.8% | — | ||
| Q3 24 | 45.8% | — | ||
| Q2 24 | 46.5% | — | ||
| Q1 24 | 42.2% | — |
营业利润率CLXRUN
| Q4 25 | — | 8.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | 20.6% | -19.7% | ||
| Q1 25 | 15.2% | -22.8% | ||
| Q4 24 | 14.1% | -628.0% | ||
| Q3 24 | 10.0% | -23.8% | ||
| Q2 24 | 14.5% | -24.4% | ||
| Q1 24 | -2.3% | -40.0% |
净利率CLXRUN
| Q4 25 | 9.4% | 8.9% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | 16.7% | 49.1% | ||
| Q1 25 | 11.2% | 9.9% | ||
| Q4 24 | 11.4% | -542.7% | ||
| Q3 24 | 5.6% | -15.6% | ||
| Q2 24 | 11.4% | 26.5% | ||
| Q1 24 | -2.8% | -19.2% |
每股收益（稀释后）CLXRUN
| Q4 25 | $1.29 | $0.38 | ||
| Q3 25 | — | $0.06 | ||
| Q2 25 | $2.68 | $1.07 | ||
| Q1 25 | $1.50 | $0.20 | ||
| Q4 24 | $1.54 | $-12.59 | ||
| Q3 24 | $0.80 | $-0.37 | ||
| Q2 24 | $1.74 | $0.55 | ||
| Q1 24 | $-0.41 | $-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 | $227.0M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $-125.0M | $3.1B |
| 总资产 | $5.6B | $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CLXRUN
| Q4 25 | $227.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $167.0M | — | ||
| Q1 25 | $226.0M | — | ||
| Q4 24 | $290.0M | — | ||
| Q3 24 | $278.0M | — | ||
| Q2 24 | $202.0M | — | ||
| Q1 24 | $219.0M | — |
总债务CLXRUN
| Q4 25 | — | $14.7B | ||
| Q3 25 | — | $14.6B | ||
| Q2 25 | $2.5B | $14.0B | ||
| Q1 25 | — | $13.6B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | — | $12.5B | ||
| Q2 24 | $2.5B | $12.0B | ||
| Q1 24 | — | $11.1B |
股东权益CLXRUN
| Q4 25 | $-125.0M | $3.1B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | $321.0M | $2.9B | ||
| Q1 25 | $27.0M | $2.6B | ||
| Q4 24 | $-41.0M | $2.6B | ||
| Q3 24 | $60.0M | $5.3B | ||
| Q2 24 | $328.0M | $5.4B | ||
| Q1 24 | $91.0M | $5.2B |
总资产CLXRUN
| Q4 25 | $5.6B | $22.6B | ||
| Q3 25 | — | $22.2B | ||
| Q2 25 | $5.6B | $21.2B | ||
| Q1 25 | $5.5B | $20.4B | ||
| Q4 24 | $5.6B | $19.9B | ||
| Q3 24 | $5.5B | $22.1B | ||
| Q2 24 | $5.8B | $21.4B | ||
| Q1 24 | $5.8B | $20.8B |
负债/权益比CLXRUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | — | 4.90× | ||
| Q2 25 | 7.74× | 4.80× | ||
| Q1 25 | — | 5.19× | ||
| Q4 24 | — | 5.05× | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | 7.56× | 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 | — | $96.9M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流CLXRUN
| Q4 25 | — | $96.9M | ||
| Q3 25 | — | $-121.5M | ||
| Q2 25 | $294.0M | $-292.7M | ||
| Q1 25 | $286.0M | $-104.2M | ||
| Q4 24 | $180.0M | $-258.4M | ||
| Q3 24 | $221.0M | $-156.2M | ||
| Q2 24 | $340.0M | $-208.5M | ||
| Q1 24 | $182.0M | $-143.1M |
自由现金流CLXRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $219.0M | — | ||
| Q1 25 | $233.0M | — | ||
| Q4 24 | $127.0M | — | ||
| Q3 24 | $182.0M | $-156.4M | ||
| Q2 24 | $259.0M | — | ||
| Q1 24 | $127.0M | — |
自由现金流率CLXRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 14.0% | — | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 10.3% | -29.1% | ||
| Q2 24 | 13.6% | — | ||
| Q1 24 | 7.0% | — |
资本支出强度CLXRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 2.2% | 0.0% | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 3.0% | — |
现金转化率CLXRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | 0.89× | -1.05× | ||
| Q1 25 | 1.54× | -2.08× | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 1.57× | -1.50× | ||
| Q1 24 | — | — |
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
CLX
| Health And Wellness | $643.0M | 38% |
| Household | $419.0M | 25% |
| Lifestyle | $321.0M | 19% |
| Other | $290.0M | 17% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
