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Compass, Inc.（COMP）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Compass, Inc.的季度营收约是Sunrun Inc.的1.5倍（$1.7B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -2.5%，领先11.4%），Sunrun Inc.同比增速更快（123.5% vs 23.1%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 27.0%）
Compass, Inc.是美国主营住宅房产经纪业务的企业，其平台旗下有约3.3万名经纪人，大多为独立合同工，运营Compass、21世纪不动产、科威国际不动产、苏富比国际地产、佳士得国际地产等多个知名房产经纪品牌。
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。
COMP vs RUN — 直观对比
营收规模更大
COMP
是对方的1.5倍
$1.2B
营收增速更快
RUN
高出100.4%
23.1%
净利率更高
RUN
高出11.4%
-2.5%
两年增速更快
RUN
近两年复合增速
27.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $-42.6M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | -2.5% | 8.4% |
| 净利率 | -2.5% | 8.9% |
| 营收同比 | 23.1% | 123.5% |
| 净利润同比 | -5.2% | 103.7% |
| 每股收益（稀释后） | $-0.07 | $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COMPRUN
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.8B | $724.6M | ||
| Q2 25 | $2.1B | $569.3M | ||
| Q1 25 | $1.4B | $504.3M | ||
| Q4 24 | $1.4B | $518.5M | ||
| Q3 24 | $1.5B | $537.2M | ||
| Q2 24 | $1.7B | $523.9M | ||
| Q1 24 | $1.1B | $458.2M |
净利润COMPRUN
| Q4 25 | $-42.6M | $103.6M | ||
| Q3 25 | $-4.6M | $16.6M | ||
| Q2 25 | $39.4M | $279.8M | ||
| Q1 25 | $-50.7M | $50.0M | ||
| Q4 24 | $-40.5M | $-2.8B | ||
| Q3 24 | $-1.7M | $-83.8M | ||
| Q2 24 | $20.7M | $139.1M | ||
| Q1 24 | $-132.9M | $-87.8M |
营业利润率COMPRUN
| Q4 25 | -2.5% | 8.4% | ||
| Q3 25 | -0.4% | 0.5% | ||
| Q2 25 | 1.9% | -19.7% | ||
| Q1 25 | -4.0% | -22.8% | ||
| Q4 24 | -2.9% | -628.0% | ||
| Q3 24 | -0.2% | -23.8% | ||
| Q2 24 | 1.3% | -24.4% | ||
| Q1 24 | -12.5% | -40.0% |
净利率COMPRUN
| Q4 25 | -2.5% | 8.9% | ||
| Q3 25 | -0.2% | 2.3% | ||
| Q2 25 | 1.9% | 49.1% | ||
| Q1 25 | -3.7% | 9.9% | ||
| Q4 24 | -2.9% | -542.7% | ||
| Q3 24 | -0.1% | -15.6% | ||
| Q2 24 | 1.2% | 26.5% | ||
| Q1 24 | -12.6% | -19.2% |
每股收益（稀释后）COMPRUN
| Q4 25 | $-0.07 | $0.38 | ||
| Q3 25 | $-0.01 | $0.06 | ||
| Q2 25 | $0.07 | $1.07 | ||
| Q1 25 | $-0.09 | $0.20 | ||
| Q4 24 | $-0.08 | $-12.59 | ||
| Q3 24 | $0.00 | $-0.37 | ||
| Q2 24 | $0.04 | $0.55 | ||
| Q1 24 | $-0.27 | $-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 | $199.0M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $782.0M | $3.1B |
| 总资产 | $1.5B | $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COMPRUN
| Q4 25 | $199.0M | — | ||
| Q3 25 | $170.3M | — | ||
| Q2 25 | $177.3M | — | ||
| Q1 25 | $127.0M | — | ||
| Q4 24 | $223.8M | — | ||
| Q3 24 | $211.2M | — | ||
| Q2 24 | $185.8M | — | ||
| Q1 24 | $165.9M | — |
总债务COMPRUN
| 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COMPRUN
| Q4 25 | $782.0M | $3.1B | ||
| Q3 25 | $773.3M | $3.0B | ||
| Q2 25 | $719.9M | $2.9B | ||
| Q1 25 | $635.0M | $2.6B | ||
| Q4 24 | $409.4M | $2.6B | ||
| Q3 24 | $428.0M | $5.3B | ||
| Q2 24 | $398.4M | $5.4B | ||
| Q1 24 | $330.3M | $5.2B |
总资产COMPRUN
| Q4 25 | $1.5B | $22.6B | ||
| Q3 25 | $1.6B | $22.2B | ||
| Q2 25 | $1.6B | $21.2B | ||
| Q1 25 | $1.5B | $20.4B | ||
| Q4 24 | $1.2B | $19.9B | ||
| Q3 24 | $1.2B | $22.1B | ||
| Q2 24 | $1.2B | $21.4B | ||
| Q1 24 | $1.1B | $20.8B |
负债/权益比COMPRUN
| 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 | $45.3M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | — |
| 自由现金流率自由现金流/营收 | 2.5% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 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 | $203.3M | — |
8季度趋势，按日历期对齐
经营现金流COMPRUN
| Q4 25 | $45.3M | $96.9M | ||
| Q3 25 | $75.5M | $-121.5M | ||
| Q2 25 | $72.8M | $-292.7M | ||
| Q1 25 | $23.1M | $-104.2M | ||
| Q4 24 | $30.5M | $-258.4M | ||
| Q3 24 | $37.4M | $-156.2M | ||
| Q2 24 | $45.0M | $-208.5M | ||
| Q1 24 | $8.6M | $-143.1M |
自由现金流COMPRUN
| Q4 25 | $42.2M | — | ||
| Q3 25 | $73.6M | — | ||
| Q2 25 | $68.0M | — | ||
| Q1 25 | $19.5M | — | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $32.8M | $-156.4M | ||
| Q2 24 | $40.4M | — | ||
| Q1 24 | $5.9M | — |
自由现金流率COMPRUN
| Q4 25 | 2.5% | — | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.2% | -29.1% | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 0.6% | — |
资本支出强度COMPRUN
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.3% | 0.0% | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.3% | — |
现金转化率COMPRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | 1.85× | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.17× | -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
COMP
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% |
