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COMERICA INC（CMA）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COMERICA INC的1.4倍（$1.2B vs $838.0M），COMERICA INC净利率更高（21.0% vs 8.9%，领先12.1%），Sunrun Inc.同比增速更快（123.5% vs 3.3%），过去两年COMERICA INC的营收复合增速更高（108.9% vs 59.0%）
Comerica公司是总部位于美国得克萨斯州达拉斯的金融服务企业，为美国大型金融控股公司之一。旗下Comerica银行为区域性商业银行，在得克萨斯、密歇根、加利福尼亚、佛罗里达、亚利桑那五州共设413家网点，在美国多座城市设有办公场所。
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。
CMA vs RUN — 直观对比
营收规模更大
RUN
是对方的1.4倍
$838.0M
营收增速更快
RUN
高出120.2%
3.3%
净利率更高
CMA
高出12.1%
8.9%
两年增速更快
CMA
近两年复合增速
59.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $838.0M | $1.2B |
| 净利润 | $176.0M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | — | 8.4% |
| 净利率 | 21.0% | 8.9% |
| 营收同比 | 3.3% | 123.5% |
| 净利润同比 | -4.3% | 103.7% |
| 每股收益（稀释后） | $1.35 | $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CMARUN
| Q4 25 | — | $1.2B | ||
| Q3 25 | $838.0M | $724.6M | ||
| Q2 25 | $849.0M | $569.3M | ||
| Q1 25 | $829.0M | $504.3M | ||
| Q4 24 | $825.0M | $518.5M | ||
| Q3 24 | $811.0M | $537.2M | ||
| Q2 24 | $824.0M | $523.9M | ||
| Q1 24 | $784.0M | $458.2M |
净利润CMARUN
| Q4 25 | — | $103.6M | ||
| Q3 25 | $176.0M | $16.6M | ||
| Q2 25 | $199.0M | $279.8M | ||
| Q1 25 | $172.0M | $50.0M | ||
| Q4 24 | $170.0M | $-2.8B | ||
| Q3 24 | $184.0M | $-83.8M | ||
| Q2 24 | $206.0M | $139.1M | ||
| Q1 24 | $138.0M | $-87.8M |
营业利润率CMARUN
| Q4 25 | — | 8.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | -19.7% | ||
| Q1 25 | — | -22.8% | ||
| Q4 24 | — | -628.0% | ||
| Q3 24 | — | -23.8% | ||
| Q2 24 | — | -24.4% | ||
| Q1 24 | — | -40.0% |
净利率CMARUN
| Q4 25 | — | 8.9% | ||
| Q3 25 | 21.0% | 2.3% | ||
| Q2 25 | 23.4% | 49.1% | ||
| Q1 25 | 20.7% | 9.9% | ||
| Q4 24 | 20.6% | -542.7% | ||
| Q3 24 | 22.7% | -15.6% | ||
| Q2 24 | 25.0% | 26.5% | ||
| Q1 24 | 17.6% | -19.2% |
每股收益（稀释后）CMARUN
| Q4 25 | — | $0.38 | ||
| Q3 25 | $1.35 | $0.06 | ||
| Q2 25 | $1.42 | $1.07 | ||
| Q1 25 | $1.25 | $0.20 | ||
| Q4 24 | $1.22 | $-12.59 | ||
| Q3 24 | $1.33 | $-0.37 | ||
| Q2 24 | $1.49 | $0.55 | ||
| Q1 24 | $0.98 | $-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 | — | — |
| 总债务越低越好 | $5.4B | $14.7B |
| 股东权益账面价值 | $7.4B | $3.1B |
| 总资产 | $77.4B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.73× | 4.69× |
8季度趋势，按日历期对齐
总债务CMARUN
| Q4 25 | — | $14.7B | ||
| Q3 25 | $5.4B | $14.6B | ||
| Q2 25 | $5.8B | $14.0B | ||
| Q1 25 | $5.7B | $13.6B | ||
| Q4 24 | $6.7B | $12.9B | ||
| Q3 24 | $6.8B | $12.5B | ||
| Q2 24 | $7.1B | $12.0B | ||
| Q1 24 | $7.1B | $11.1B |
股东权益CMARUN
| Q4 25 | — | $3.1B | ||
| Q3 25 | $7.4B | $3.0B | ||
| Q2 25 | $6.9B | $2.9B | ||
| Q1 25 | $7.1B | $2.6B | ||
| Q4 24 | $6.5B | $2.6B | ||
| Q3 24 | $7.4B | $5.3B | ||
| Q2 24 | $6.2B | $5.4B | ||
| Q1 24 | $6.0B | $5.2B |
总资产CMARUN
| Q4 25 | — | $22.6B | ||
| Q3 25 | $77.4B | $22.2B | ||
| Q2 25 | $78.0B | $21.2B | ||
| Q1 25 | $77.6B | $20.4B | ||
| Q4 24 | $79.3B | $19.9B | ||
| Q3 24 | $79.7B | $22.1B | ||
| Q2 24 | $79.6B | $21.4B | ||
| Q1 24 | $79.4B | $20.8B |
负债/权益比CMARUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | 0.73× | 4.90× | ||
| Q2 25 | 0.84× | 4.80× | ||
| Q1 25 | 0.81× | 5.19× | ||
| Q4 24 | 1.02× | 5.05× | ||
| Q3 24 | 0.92× | 2.36× | ||
| Q2 24 | 1.15× | 2.23× | ||
| Q1 24 | 1.18× | 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 | $-270.0M | $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 | -1.53× | 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CMARUN
| Q4 25 | — | $96.9M | ||
| Q3 25 | $-270.0M | $-121.5M | ||
| Q2 25 | $476.0M | $-292.7M | ||
| Q1 25 | $273.0M | $-104.2M | ||
| Q4 24 | $601.0M | $-258.4M | ||
| Q3 24 | $1.0B | $-156.2M | ||
| Q2 24 | $111.0M | $-208.5M | ||
| Q1 24 | $-205.0M | $-143.1M |
自由现金流CMARUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-156.4M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率CMARUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -29.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度CMARUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率CMARUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | -1.53× | -7.33× | ||
| Q2 25 | 2.39× | -1.05× | ||
| Q1 25 | 1.59× | -2.08× | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 5.70× | — | ||
| Q2 24 | 0.54× | -1.50× | ||
| Q1 24 | -1.49× | — |
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
CMA
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% |
