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Capri Holdings Ltd（CPRI）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Capri Holdings Ltd的1.1倍（$1.2B vs $1.0B），Capri Holdings Ltd净利率更高（11.3% vs 8.9%，领先2.4%），Sunrun Inc.同比增速更快（123.5% vs -18.7%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -15.2%）
卡普里控股是一家跨国时尚集团，注册于英属维尔京群岛，行政总部位于伦敦，运营办公室设在纽约。品牌由美国设计师迈克尔·高仕于1981年创立，主营服饰、鞋履、手表、手袋及其他配饰产品，截至2015年在全球拥有550余家门店，以及超过1500个店中店专柜。
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。
CPRI vs RUN — 直观对比
营收规模更大
RUN
是对方的1.1倍
$1.0B
营收增速更快
RUN
高出142.2%
-18.7%
净利率更高
CPRI
高出2.4%
8.9%
两年增速更快
RUN
近两年复合增速
-15.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $116.0M | $103.6M |
| 毛利率 | 60.8% | — |
| 营业利润率 | 4.5% | 8.4% |
| 净利率 | 11.3% | 8.9% |
| 营收同比 | -18.7% | 123.5% |
| 净利润同比 | 121.2% | 103.7% |
| 每股收益（稀释后） | $0.96 | $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CPRIRUN
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $856.0M | $724.6M | ||
| Q2 25 | $797.0M | $569.3M | ||
| Q1 25 | $1.6B | $504.3M | ||
| Q4 24 | $1.1B | $518.5M | ||
| Q3 24 | $878.0M | $537.2M | ||
| Q2 24 | $848.0M | $523.9M | ||
| Q1 24 | — | $458.2M |
净利润CPRIRUN
| Q4 25 | $116.0M | $103.6M | ||
| Q3 25 | $-28.0M | $16.6M | ||
| Q2 25 | $53.0M | $279.8M | ||
| Q1 25 | $-645.0M | $50.0M | ||
| Q4 24 | $-547.0M | $-2.8B | ||
| Q3 24 | $24.0M | $-83.8M | ||
| Q2 24 | $-14.0M | $139.1M | ||
| Q1 24 | — | $-87.8M |
毛利率CPRIRUN
| Q4 25 | 60.8% | — | ||
| Q3 25 | 61.0% | — | ||
| Q2 25 | 63.0% | — | ||
| Q1 25 | 64.9% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 62.3% | — | ||
| Q2 24 | 63.1% | — | ||
| Q1 24 | — | — |
营业利润率CPRIRUN
| Q4 25 | 4.5% | 8.4% | ||
| Q3 25 | -1.4% | 0.5% | ||
| Q2 25 | 2.0% | -19.7% | ||
| Q1 25 | -47.5% | -22.8% | ||
| Q4 24 | 2.4% | -628.0% | ||
| Q3 24 | -0.7% | -23.8% | ||
| Q2 24 | 1.3% | -24.4% | ||
| Q1 24 | — | -40.0% |
净利率CPRIRUN
| Q4 25 | 11.3% | 8.9% | ||
| Q3 25 | -3.3% | 2.3% | ||
| Q2 25 | 6.6% | 49.1% | ||
| Q1 25 | -39.1% | 9.9% | ||
| Q4 24 | -51.2% | -542.7% | ||
| Q3 24 | 2.7% | -15.6% | ||
| Q2 24 | -1.7% | 26.5% | ||
| Q1 24 | — | -19.2% |
每股收益（稀释后）CPRIRUN
| Q4 25 | $0.96 | $0.38 | ||
| Q3 25 | $-0.22 | $0.06 | ||
| Q2 25 | $0.44 | $1.07 | ||
| Q1 25 | $-5.47 | $0.20 | ||
| Q4 24 | $-4.61 | $-12.59 | ||
| Q3 24 | $0.20 | $-0.37 | ||
| Q2 24 | $-0.12 | $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 | $154.0M | — |
| 总债务越低越好 | $234.0M | $14.7B |
| 股东权益账面价值 | $105.0M | $3.1B |
| 总资产 | $3.3B | $22.6B |
| 负债/权益比越低杠杆越低 | 2.23× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资CPRIRUN
| Q4 25 | $154.0M | — | ||
| Q3 25 | $120.0M | — | ||
| Q2 25 | $129.0M | — | ||
| Q1 25 | $107.0M | — | ||
| Q4 24 | $356.0M | — | ||
| Q3 24 | $182.0M | — | ||
| Q2 24 | $213.0M | — | ||
| Q1 24 | — | — |
总债务CPRIRUN
| Q4 25 | $234.0M | $14.7B | ||
| Q3 25 | $1.8B | $14.6B | ||
| Q2 25 | $1.7B | $14.0B | ||
| Q1 25 | $1.5B | $13.6B | ||
| Q4 24 | $1.5B | $12.9B | ||
| Q3 24 | $1.7B | $12.5B | ||
| Q2 24 | $1.7B | $12.0B | ||
| Q1 24 | — | $11.1B |
股东权益CPRIRUN
| Q4 25 | $105.0M | $3.1B | ||
| Q3 25 | $-74.0M | $3.0B | ||
| Q2 25 | $-17.0M | $2.9B | ||
| Q1 25 | $368.0M | $2.6B | ||
| Q4 24 | $1.1B | $2.6B | ||
| Q3 24 | $1.5B | $5.3B | ||
| Q2 24 | $1.6B | $5.4B | ||
| Q1 24 | — | $5.2B |
总资产CPRIRUN
| Q4 25 | $3.3B | $22.6B | ||
| Q3 25 | $5.6B | $22.2B | ||
| Q2 25 | $5.5B | $21.2B | ||
| Q1 25 | $5.2B | $20.4B | ||
| Q4 24 | $5.9B | $19.9B | ||
| Q3 24 | $6.8B | $22.1B | ||
| Q2 24 | $6.6B | $21.4B | ||
| Q1 24 | — | $20.8B |
负债/权益比CPRIRUN
| Q4 25 | 2.23× | 4.69× | ||
| Q3 25 | — | 4.90× | ||
| Q2 25 | — | 4.80× | ||
| Q1 25 | 4.05× | 5.19× | ||
| Q4 24 | 1.38× | 5.05× | ||
| Q3 24 | 1.15× | 2.36× | ||
| Q2 24 | 1.08× | 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 | $202.0M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $183.0M | — |
| 自由现金流率自由现金流/营收 | 17.9% | — |
| 资本支出强度资本支出/营收 | 1.9% | — |
| 现金转化率经营现金流/净利润 | 1.74× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $-134.0M | — |
8季度趋势，按日历期对齐
经营现金流CPRIRUN
| Q4 25 | $202.0M | $96.9M | ||
| Q3 25 | $-52.0M | $-121.5M | ||
| Q2 25 | $-8.0M | $-292.7M | ||
| Q1 25 | $-161.0M | $-104.2M | ||
| Q4 24 | $309.0M | $-258.4M | ||
| Q3 24 | $50.0M | $-156.2M | ||
| Q2 24 | $83.0M | $-208.5M | ||
| Q1 24 | — | $-143.1M |
自由现金流CPRIRUN
| Q4 25 | $183.0M | — | ||
| Q3 25 | $-65.0M | — | ||
| Q2 25 | $-21.0M | — | ||
| Q1 25 | $-231.0M | — | ||
| Q4 24 | $287.0M | — | ||
| Q3 24 | $30.0M | $-156.4M | ||
| Q2 24 | $67.0M | — | ||
| Q1 24 | — | — |
自由现金流率CPRIRUN
| Q4 25 | 17.9% | — | ||
| Q3 25 | -7.6% | — | ||
| Q2 25 | -2.6% | — | ||
| Q1 25 | -14.0% | — | ||
| Q4 24 | 26.9% | — | ||
| Q3 24 | 3.4% | -29.1% | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | — | — |
资本支出强度CPRIRUN
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 2.3% | 0.0% | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | — | — |
现金转化率CPRIRUN
| Q4 25 | 1.74× | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | -0.15× | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.08× | — | ||
| Q2 24 | — | -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
CPRI
| Michael Kors Segment | $593.0M | 58% |
| Other | $379.0M | 37% |
| Jimmy Choo Segment | $53.0M | 5% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
