vs
克瑞（CR）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.的季度营收约是克瑞的1.7倍（$1.2B vs $696.4M），克瑞净利率更高（9.6% vs 8.9%，领先0.7%），Sunrun Inc.同比增速更快（123.5% vs 24.9%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 14.8%）
克瑞是总部位于美国康涅狄格州斯坦福德的工业产品企业，1855年由理查德·泰勒·克兰创立。公司曾是美国领先卫浴配件制造商，1990年出售该业务板块，1960年起逐步转型为多元化控股集团，当前核心业务涵盖航空航天与电子、工程材料、流体处理、控制系统四大板块，服务化工等多个行业领域。
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。
CR vs RUN — 直观对比
营收规模更大
RUN
是对方的1.7倍
$696.4M
营收增速更快
RUN
高出98.6%
24.9%
净利率更高
CR
高出0.7%
8.9%
两年增速更快
RUN
近两年复合增速
14.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $696.4M | $1.2B |
| 净利润 | $67.1M | $103.6M |
| 毛利率 | 40.4% | — |
| 营业利润率 | 14.4% | 8.4% |
| 净利率 | 9.6% | 8.9% |
| 营收同比 | 24.9% | 123.5% |
| 净利润同比 | -37.3% | 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CRRUN
| Q1 26 | $696.4M | — | ||
| Q4 25 | $581.0M | $1.2B | ||
| Q3 25 | $589.2M | $724.6M | ||
| Q2 25 | $577.2M | $569.3M | ||
| Q1 25 | $557.6M | $504.3M | ||
| Q4 24 | $544.1M | $518.5M | ||
| Q3 24 | $548.3M | $537.2M | ||
| Q2 24 | $528.6M | $523.9M |
净利润CRRUN
| Q1 26 | $67.1M | — | ||
| Q4 25 | $81.7M | $103.6M | ||
| Q3 25 | $91.4M | $16.6M | ||
| Q2 25 | $86.4M | $279.8M | ||
| Q1 25 | $107.1M | $50.0M | ||
| Q4 24 | $81.0M | $-2.8B | ||
| Q3 24 | $77.3M | $-83.8M | ||
| Q2 24 | $71.6M | $139.1M |
毛利率CRRUN
| Q1 26 | 40.4% | — | ||
| Q4 25 | 41.6% | — | ||
| Q3 25 | 42.7% | — | ||
| Q2 25 | 42.0% | — | ||
| Q1 25 | 42.6% | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 41.4% | — | ||
| Q2 24 | 40.0% | — |
营业利润率CRRUN
| Q1 26 | 14.4% | — | ||
| Q4 25 | 17.5% | 8.4% | ||
| Q3 25 | 20.1% | 0.5% | ||
| Q2 25 | 17.8% | -19.7% | ||
| Q1 25 | 18.1% | -22.8% | ||
| Q4 24 | 15.8% | -628.0% | ||
| Q3 24 | 18.1% | -23.8% | ||
| Q2 24 | 16.9% | -24.4% |
净利率CRRUN
| Q1 26 | 9.6% | — | ||
| Q4 25 | 14.1% | 8.9% | ||
| Q3 25 | 15.5% | 2.3% | ||
| Q2 25 | 15.0% | 49.1% | ||
| Q1 25 | 19.2% | 9.9% | ||
| Q4 24 | 14.9% | -542.7% | ||
| Q3 24 | 14.1% | -15.6% | ||
| Q2 24 | 13.5% | 26.5% |
每股收益（稀释后）CRRUN
| Q1 26 | — | — | ||
| Q4 25 | $1.40 | $0.38 | ||
| Q3 25 | $1.56 | $0.06 | ||
| Q2 25 | $1.47 | $1.07 | ||
| Q1 25 | $1.83 | $0.20 | ||
| Q4 24 | $1.37 | $-12.59 | ||
| Q3 24 | $1.33 | $-0.37 | ||
| Q2 24 | $1.23 | $0.55 |
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 | $355.4M | — |
| 总债务越低越好 | $1.2B | $14.7B |
| 股东权益账面价值 | $2.1B | $3.1B |
| 总资产 | $4.1B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.57× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资CRRUN
| Q1 26 | $355.4M | — | ||
| Q4 25 | $506.5M | — | ||
| Q3 25 | $388.2M | — | ||
| Q2 25 | $332.2M | — | ||
| Q1 25 | $435.1M | — | ||
| Q4 24 | $306.7M | — | ||
| Q3 24 | $258.2M | — | ||
| Q2 24 | $229.3M | — |
总债务CRRUN
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.1B | $14.7B | ||
| Q3 25 | — | $14.6B | ||
| Q2 25 | — | $14.0B | ||
| Q1 25 | — | $13.6B | ||
| Q4 24 | $247.0M | $12.9B | ||
| Q3 24 | — | $12.5B | ||
| Q2 24 | — | $12.0B |
股东权益CRRUN
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $3.1B | ||
| Q3 25 | $2.0B | $3.0B | ||
| Q2 25 | $1.9B | $2.9B | ||
| Q1 25 | $1.8B | $2.6B | ||
| Q4 24 | $1.6B | $2.6B | ||
| Q3 24 | $1.6B | $5.3B | ||
| Q2 24 | $1.5B | $5.4B |
总资产CRRUN
| Q1 26 | $4.1B | — | ||
| Q4 25 | $3.9B | $22.6B | ||
| Q3 25 | $2.5B | $22.2B | ||
| Q2 25 | $2.5B | $21.2B | ||
| Q1 25 | $2.6B | $20.4B | ||
| Q4 24 | $2.6B | $19.9B | ||
| Q3 24 | $2.7B | $22.1B | ||
| Q2 24 | $2.5B | $21.4B |
负债/权益比CRRUN
| Q1 26 | 0.57× | — | ||
| Q4 25 | 0.56× | 4.69× | ||
| Q3 25 | — | 4.90× | ||
| Q2 25 | — | 4.80× | ||
| Q1 25 | — | 5.19× | ||
| Q4 24 | 0.15× | 5.05× | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 2.23× |
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 | — | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $-40.2M | — |
| 自由现金流率自由现金流/营收 | -5.8% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 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 | $361.5M | — |
8季度趋势，按日历期对齐
经营现金流CRRUN
| Q1 26 | — | — | ||
| Q4 25 | $205.8M | $96.9M | ||
| Q3 25 | $130.2M | $-121.5M | ||
| Q2 25 | $105.0M | $-292.7M | ||
| Q1 25 | $-46.2M | $-104.2M | ||
| Q4 24 | $202.0M | $-258.4M | ||
| Q3 24 | $75.4M | $-156.2M | ||
| Q2 24 | $51.3M | $-208.5M |
自由现金流CRRUN
| Q1 26 | $-40.2M | — | ||
| Q4 25 | $196.0M | — | ||
| Q3 25 | $116.8M | — | ||
| Q2 25 | $88.9M | — | ||
| Q1 25 | $-60.4M | — | ||
| Q4 24 | $188.2M | — | ||
| Q3 24 | $67.3M | $-156.4M | ||
| Q2 24 | $44.6M | — |
自由现金流率CRRUN
| Q1 26 | -5.8% | — | ||
| Q4 25 | 33.7% | — | ||
| Q3 25 | 19.8% | — | ||
| Q2 25 | 15.4% | — | ||
| Q1 25 | -10.8% | — | ||
| Q4 24 | 34.6% | — | ||
| Q3 24 | 12.3% | -29.1% | ||
| Q2 24 | 8.4% | — |
资本支出强度CRRUN
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 1.5% | 0.0% | ||
| Q2 24 | 1.3% | — |
现金转化率CRRUN
| Q1 26 | — | — | ||
| Q4 25 | 2.52× | 0.94× | ||
| Q3 25 | 1.42× | -7.33× | ||
| Q2 25 | 1.22× | -1.05× | ||
| Q1 25 | -0.43× | -2.08× | ||
| Q4 24 | 2.49× | — | ||
| Q3 24 | 0.98× | — | ||
| Q2 24 | 0.72× | -1.50× |
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
CR
| Process Flow Technologies | $378.1M | 54% |
| Aerospace & Advanced Technologies | $318.3M | 46% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
