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Coca-Cola Consolidated, Inc.（COKE）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Coca-Cola Consolidated, Inc.的季度营收约是Sunrun Inc.的1.6倍（$1.9B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs 7.2%，领先1.7%），Sunrun Inc.同比增速更快（123.5% vs 9.0%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 9.4%）
Coca-Cola Consolidated, Inc.总部位于美国北卡罗来纳州夏洛特市，是美国规模最大的独立可口可乐瓶装商，负责可口可乐系列饮品的生产、分销及本地化市场运营，在北美饮料行业拥有较高的行业地位。
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。
COKE vs RUN — 直观对比
营收规模更大
COKE
是对方的1.6倍
$1.2B
营收增速更快
RUN
高出114.5%
9.0%
净利率更高
RUN
高出1.7%
7.2%
两年增速更快
RUN
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.2B |
| 净利润 | $137.3M | $103.6M |
| 毛利率 | 39.6% | — |
| 营业利润率 | 12.7% | 8.4% |
| 净利率 | 7.2% | 8.9% |
| 营收同比 | 9.0% | 123.5% |
| 净利润同比 | -23.3% | 103.7% |
| 每股收益（稀释后） | — | $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COKERUN
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.9B | $724.6M | ||
| Q2 25 | $1.9B | $569.3M | ||
| Q1 25 | $1.6B | $504.3M | ||
| Q4 24 | $1.7B | $518.5M | ||
| Q3 24 | $1.8B | $537.2M | ||
| Q2 24 | $1.8B | $523.9M | ||
| Q1 24 | $1.6B | $458.2M |
净利润COKERUN
| Q4 25 | $137.3M | $103.6M | ||
| Q3 25 | $142.3M | $16.6M | ||
| Q2 25 | $187.4M | $279.8M | ||
| Q1 25 | $103.6M | $50.0M | ||
| Q4 24 | $178.9M | $-2.8B | ||
| Q3 24 | $115.6M | $-83.8M | ||
| Q2 24 | $172.8M | $139.1M | ||
| Q1 24 | $165.7M | $-87.8M |
毛利率COKERUN
| Q4 25 | 39.6% | — | ||
| Q3 25 | 39.6% | — | ||
| Q2 25 | 40.0% | — | ||
| Q1 25 | 39.7% | — | ||
| Q4 24 | 40.0% | — | ||
| Q3 24 | 39.5% | — | ||
| Q2 24 | 39.9% | — | ||
| Q1 24 | 40.2% | — |
营业利润率COKERUN
| Q4 25 | 12.7% | 8.4% | ||
| Q3 25 | 13.1% | 0.5% | ||
| Q2 25 | 14.7% | -19.7% | ||
| Q1 25 | 12.0% | -22.8% | ||
| Q4 24 | 12.5% | -628.0% | ||
| Q3 24 | 12.9% | -23.8% | ||
| Q2 24 | 14.4% | -24.4% | ||
| Q1 24 | 13.5% | -40.0% |
净利率COKERUN
| Q4 25 | 7.2% | 8.9% | ||
| Q3 25 | 7.5% | 2.3% | ||
| Q2 25 | 10.1% | 49.1% | ||
| Q1 25 | 6.6% | 9.9% | ||
| Q4 24 | 10.2% | -542.7% | ||
| Q3 24 | 6.5% | -15.6% | ||
| Q2 24 | 9.6% | 26.5% | ||
| Q1 24 | 10.4% | -19.2% |
每股收益（稀释后）COKERUN
| Q4 25 | — | $0.38 | ||
| Q3 25 | — | $0.06 | ||
| Q2 25 | — | $1.07 | ||
| Q1 25 | — | $0.20 | ||
| Q4 24 | — | $-12.59 | ||
| Q3 24 | — | $-0.37 | ||
| Q2 24 | — | $0.55 | ||
| Q1 24 | — | $-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 | $281.9M | — |
| 总债务越低越好 | $2.8B | $14.7B |
| 股东权益账面价值 | $-739.7M | $3.1B |
| 总资产 | $4.3B | $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COKERUN
| Q4 25 | $281.9M | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $401.3M | — |
总债务COKERUN
| Q4 25 | $2.8B | $14.7B | ||
| Q3 25 | $1.8B | $14.6B | ||
| Q2 25 | $1.8B | $14.0B | ||
| Q1 25 | $1.8B | $13.6B | ||
| Q4 24 | $1.8B | $12.9B | ||
| Q3 24 | $1.8B | $12.5B | ||
| Q2 24 | $1.8B | $12.0B | ||
| Q1 24 | $599.3M | $11.1B |
股东权益COKERUN
| Q4 25 | $-739.7M | $3.1B | ||
| Q3 25 | $1.6B | $3.0B | ||
| Q2 25 | $1.6B | $2.9B | ||
| Q1 25 | $1.5B | $2.6B | ||
| Q4 24 | $1.4B | $2.6B | ||
| Q3 24 | $1.3B | $5.3B | ||
| Q2 24 | $1.2B | $5.4B | ||
| Q1 24 | $1.6B | $5.2B |
总资产COKERUN
| Q4 25 | $4.3B | $22.6B | ||
| Q3 25 | $5.7B | $22.2B | ||
| Q2 25 | $5.5B | $21.2B | ||
| Q1 25 | $5.4B | $20.4B | ||
| Q4 24 | $5.3B | $19.9B | ||
| Q3 24 | $5.3B | $22.1B | ||
| Q2 24 | $5.7B | $21.4B | ||
| Q1 24 | $4.3B | $20.8B |
负债/权益比COKERUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | 1.09× | 4.90× | ||
| Q2 25 | 1.10× | 4.80× | ||
| Q1 25 | 1.19× | 5.19× | ||
| Q4 24 | 1.26× | 5.05× | ||
| Q3 24 | 1.39× | 2.36× | ||
| Q2 24 | 1.49× | 2.23× | ||
| Q1 24 | 0.37× | 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 | $209.0M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $106.7M | — |
| 自由现金流率自由现金流/营收 | 5.6% | — |
| 资本支出强度资本支出/营收 | 5.4% | — |
| 现金转化率经营现金流/净利润 | 1.52× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $619.6M | — |
8季度趋势，按日历期对齐
经营现金流COKERUN
| Q4 25 | $209.0M | $96.9M | ||
| Q3 25 | $316.7M | $-121.5M | ||
| Q2 25 | $208.1M | $-292.7M | ||
| Q1 25 | $198.2M | $-104.2M | ||
| Q4 24 | $168.5M | $-258.4M | ||
| Q3 24 | $270.8M | $-156.2M | ||
| Q2 24 | $242.9M | $-208.5M | ||
| Q1 24 | $194.3M | $-143.1M |
自由现金流COKERUN
| Q4 25 | $106.7M | — | ||
| Q3 25 | $264.1M | — | ||
| Q2 25 | $148.5M | — | ||
| Q1 25 | $100.3M | — | ||
| Q4 24 | $84.8M | — | ||
| Q3 24 | $142.8M | $-156.4M | ||
| Q2 24 | $160.5M | — | ||
| Q1 24 | $117.2M | — |
自由现金流率COKERUN
| Q4 25 | 5.6% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 6.3% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 8.1% | -29.1% | ||
| Q2 24 | 8.9% | — | ||
| Q1 24 | 7.4% | — |
资本支出强度COKERUN
| Q4 25 | 5.4% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 6.2% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 7.2% | 0.0% | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 4.8% | — |
现金转化率COKERUN
| Q4 25 | 1.52× | 0.94× | ||
| Q3 25 | 2.22× | -7.33× | ||
| Q2 25 | 1.11× | -1.05× | ||
| Q1 25 | 1.91× | -2.08× | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.34× | — | ||
| Q2 24 | 1.41× | -1.50× | ||
| Q1 24 | 1.17× | — |
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
COKE
| Transferred At Point In Time | $1.9B | 99% |
| Transferred Over Time | $15.1M | 1% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
