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科蒂（COTY）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
科蒂的季度营收约是Sunrun Inc.的1.4倍（$1.7B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -7.4%，领先16.3%），Sunrun Inc.同比增速更快（123.5% vs 0.5%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 10.1%）
科蒂是1904年由弗朗索瓦·科蒂在巴黎创立的跨国美妆企业，现注册地为美国特拉华州，全球总部位于荷兰阿姆斯特丹。旗下业务覆盖香水、彩妆、护肤、美甲产品以及专业线和零售线护发产品的研发、生产、营销与分销，截至2024年共拥有约40个品牌。
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。
COTY vs RUN — 直观对比
营收规模更大
COTY
是对方的1.4倍
$1.2B
营收增速更快
RUN
高出123.0%
0.5%
净利率更高
RUN
高出16.3%
-7.4%
两年增速更快
RUN
近两年复合增速
10.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $-123.6M | $103.6M |
| 毛利率 | 63.8% | — |
| 营业利润率 | 8.8% | 8.4% |
| 净利率 | -7.4% | 8.9% |
| 营收同比 | 0.5% | 123.5% |
| 净利润同比 | -621.5% | 103.7% |
| 每股收益（稀释后） | $-0.14 | $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COTYRUN
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.6B | $724.6M | ||
| Q2 25 | $1.3B | $569.3M | ||
| Q1 25 | $1.3B | $504.3M | ||
| Q4 24 | $1.7B | $518.5M | ||
| Q3 24 | $1.7B | $537.2M | ||
| Q2 24 | $1.4B | $523.9M | ||
| Q1 24 | $1.4B | $458.2M |
净利润COTYRUN
| Q4 25 | $-123.6M | $103.6M | ||
| Q3 25 | $67.9M | $16.6M | ||
| Q2 25 | $-68.8M | $279.8M | ||
| Q1 25 | $-405.7M | $50.0M | ||
| Q4 24 | $23.7M | $-2.8B | ||
| Q3 24 | $82.9M | $-83.8M | ||
| Q2 24 | $-96.9M | $139.1M | ||
| Q1 24 | $3.8M | $-87.8M |
毛利率COTYRUN
| Q4 25 | 63.8% | — | ||
| Q3 25 | 64.5% | — | ||
| Q2 25 | 62.3% | — | ||
| Q1 25 | 64.1% | — | ||
| Q4 24 | 66.7% | — | ||
| Q3 24 | 65.5% | — | ||
| Q2 24 | 64.2% | — | ||
| Q1 24 | 64.8% | — |
营业利润率COTYRUN
| Q4 25 | 8.8% | 8.4% | ||
| Q3 25 | 11.7% | 0.5% | ||
| Q2 25 | 1.2% | -19.7% | ||
| Q1 25 | -21.6% | -22.8% | ||
| Q4 24 | 16.1% | -628.0% | ||
| Q3 24 | 14.2% | -23.8% | ||
| Q2 24 | 2.5% | -24.4% | ||
| Q1 24 | 5.6% | -40.0% |
净利率COTYRUN
| Q4 25 | -7.4% | 8.9% | ||
| Q3 25 | 4.3% | 2.3% | ||
| Q2 25 | -5.5% | 49.1% | ||
| Q1 25 | -31.2% | 9.9% | ||
| Q4 24 | 1.4% | -542.7% | ||
| Q3 24 | 5.0% | -15.6% | ||
| Q2 24 | -7.1% | 26.5% | ||
| Q1 24 | 0.3% | -19.2% |
每股收益（稀释后）COTYRUN
| Q4 25 | $-0.14 | $0.38 | ||
| Q3 25 | $0.07 | $0.06 | ||
| Q2 25 | $-0.08 | $1.07 | ||
| Q1 25 | $-0.47 | $0.20 | ||
| Q4 24 | $0.02 | $-12.59 | ||
| Q3 24 | $0.09 | $-0.37 | ||
| Q2 24 | $-0.11 | $0.55 | ||
| Q1 24 | $0.00 | $-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 | $436.7M | — |
| 总债务越低越好 | $3.0B | $14.7B |
| 股东权益账面价值 | $3.5B | $3.1B |
| 总资产 | $11.1B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.85× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资COTYRUN
| Q4 25 | $436.7M | — | ||
| Q3 25 | $264.6M | — | ||
| Q2 25 | $257.1M | — | ||
| Q1 25 | $243.5M | — | ||
| Q4 24 | $249.6M | — | ||
| Q3 24 | $283.6M | — | ||
| Q2 24 | $300.8M | — | ||
| Q1 24 | $260.2M | — |
总债务COTYRUN
| Q4 25 | $3.0B | $14.7B | ||
| Q3 25 | $4.0B | $14.6B | ||
| Q2 25 | $4.0B | $14.0B | ||
| Q1 25 | $3.8B | $13.6B | ||
| Q4 24 | $3.4B | $12.9B | ||
| Q3 24 | $3.9B | $12.5B | ||
| Q2 24 | $3.8B | $12.0B | ||
| Q1 24 | $3.9B | $11.1B |
股东权益COTYRUN
| Q4 25 | $3.5B | $3.1B | ||
| Q3 25 | $3.6B | $3.0B | ||
| Q2 25 | $3.5B | $2.9B | ||
| Q1 25 | $3.5B | $2.6B | ||
| Q4 24 | $3.8B | $2.6B | ||
| Q3 24 | $4.0B | $5.3B | ||
| Q2 24 | $3.8B | $5.4B | ||
| Q1 24 | $4.0B | $5.2B |
总资产COTYRUN
| Q4 25 | $11.1B | $22.6B | ||
| Q3 25 | $12.1B | $22.2B | ||
| Q2 25 | $11.9B | $21.2B | ||
| Q1 25 | $11.5B | $20.4B | ||
| Q4 24 | $11.7B | $19.9B | ||
| Q3 24 | $12.5B | $22.1B | ||
| Q2 24 | $12.1B | $21.4B | ||
| Q1 24 | $12.3B | $20.8B |
负债/权益比COTYRUN
| Q4 25 | 0.85× | 4.69× | ||
| Q3 25 | 1.10× | 4.90× | ||
| Q2 25 | 1.12× | 4.80× | ||
| Q1 25 | 1.09× | 5.19× | ||
| Q4 24 | 0.89× | 5.05× | ||
| Q3 24 | 0.97× | 2.36× | ||
| Q2 24 | 1.00× | 2.23× | ||
| Q1 24 | 0.98× | 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 | $559.7M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $513.1M | — |
| 自由现金流率自由现金流/营收 | 30.6% | — |
| 资本支出强度资本支出/营收 | 2.8% | — |
| 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 | $390.8M | — |
8季度趋势，按日历期对齐
经营现金流COTYRUN
| Q4 25 | $559.7M | $96.9M | ||
| Q3 25 | $65.2M | $-121.5M | ||
| Q2 25 | $83.2M | $-292.7M | ||
| Q1 25 | $-122.5M | $-104.2M | ||
| Q4 24 | $464.5M | $-258.4M | ||
| Q3 24 | $67.4M | $-156.2M | ||
| Q2 24 | $176.5M | $-208.5M | ||
| Q1 24 | $-170.0M | $-143.1M |
自由现金流COTYRUN
| Q4 25 | $513.1M | — | ||
| Q3 25 | $11.2M | — | ||
| Q2 25 | $34.9M | — | ||
| Q1 25 | $-168.4M | — | ||
| Q4 24 | $419.0M | — | ||
| Q3 24 | $-7.9M | $-156.4M | ||
| Q2 24 | $116.7M | — | ||
| Q1 24 | $-234.3M | — |
自由现金流率COTYRUN
| Q4 25 | 30.6% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | -13.0% | — | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | -0.5% | -29.1% | ||
| Q2 24 | 8.6% | — | ||
| Q1 24 | -16.9% | — |
资本支出强度COTYRUN
| Q4 25 | 2.8% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 4.5% | 0.0% | ||
| Q2 24 | 4.4% | — | ||
| Q1 24 | 4.6% | — |
现金转化率COTYRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | 0.96× | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | 19.60× | — | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | — | -1.50× | ||
| Q1 24 | -44.74× | — |
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
COTY
| Prestige | $1.1B | 68% |
| Consumer Beauty | $545.0M | 32% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
