vs
California Resources Corp（CRC）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California Resources Corp的1.7倍（$1.2B vs $679.0M），Sunrun Inc.净利率更高（8.9% vs 1.8%，领先7.2%），Sunrun Inc.同比增速更快（123.5% vs -17.8%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 25.8%）
加州资源集团是一家美国能源企业，主要在加州开展油气勘探业务。公司注册地为特拉华州，总部位于加州长滩，所持有的加州矿产地块面积是该州私有主体中的最高水平。
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。
CRC vs RUN — 直观对比
营收规模更大
RUN
是对方的1.7倍
$679.0M
营收增速更快
RUN
高出141.3%
-17.8%
净利率更高
RUN
高出7.2%
1.8%
两年增速更快
RUN
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $679.0M | $1.2B |
| 净利润 | $12.0M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 6.9% | 8.4% |
| 净利率 | 1.8% | 8.9% |
| 营收同比 | -17.8% | 123.5% |
| 净利润同比 | -63.6% | 103.7% |
| 每股收益（稀释后） | $0.21 | $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CRCRUN
| Q4 25 | $679.0M | $1.2B | ||
| Q3 25 | $715.0M | $724.6M | ||
| Q2 25 | $702.0M | $569.3M | ||
| Q1 25 | $814.0M | $504.3M | ||
| Q4 24 | $826.0M | $518.5M | ||
| Q3 24 | $870.0M | $537.2M | ||
| Q2 24 | $412.0M | $523.9M | ||
| Q1 24 | $429.0M | $458.2M |
净利润CRCRUN
| Q4 25 | $12.0M | $103.6M | ||
| Q3 25 | $64.0M | $16.6M | ||
| Q2 25 | $172.0M | $279.8M | ||
| Q1 25 | $115.0M | $50.0M | ||
| Q4 24 | $33.0M | $-2.8B | ||
| Q3 24 | $345.0M | $-83.8M | ||
| Q2 24 | $8.0M | $139.1M | ||
| Q1 24 | $-10.0M | $-87.8M |
营业利润率CRCRUN
| Q4 25 | 6.9% | 8.4% | ||
| Q3 25 | 13.7% | 0.5% | ||
| Q2 25 | 38.0% | -19.7% | ||
| Q1 25 | 22.9% | -22.8% | ||
| Q4 24 | 8.2% | -628.0% | ||
| Q3 24 | 59.5% | -23.8% | ||
| Q2 24 | 9.2% | -24.4% | ||
| Q1 24 | -0.9% | -40.0% |
净利率CRCRUN
| Q4 25 | 1.8% | 8.9% | ||
| Q3 25 | 9.0% | 2.3% | ||
| Q2 25 | 24.5% | 49.1% | ||
| Q1 25 | 14.1% | 9.9% | ||
| Q4 24 | 4.0% | -542.7% | ||
| Q3 24 | 39.7% | -15.6% | ||
| Q2 24 | 1.9% | 26.5% | ||
| Q1 24 | -2.3% | -19.2% |
每股收益（稀释后）CRCRUN
| Q4 25 | $0.21 | $0.38 | ||
| Q3 25 | $0.76 | $0.06 | ||
| Q2 25 | $1.92 | $1.07 | ||
| Q1 25 | $1.26 | $0.20 | ||
| Q4 24 | $0.87 | $-12.59 | ||
| Q3 24 | $3.78 | $-0.37 | ||
| Q2 24 | $0.11 | $0.55 | ||
| Q1 24 | $-0.14 | $-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 | $132.0M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $3.7B | $3.1B |
| 总资产 | $7.4B | $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CRCRUN
| Q4 25 | $132.0M | — | ||
| Q3 25 | $196.0M | — | ||
| Q2 25 | $72.0M | — | ||
| Q1 25 | $214.0M | — | ||
| Q4 24 | $372.0M | — | ||
| Q3 24 | $241.0M | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $403.0M | — |
总债务CRCRUN
| Q4 25 | — | $14.7B | ||
| Q3 25 | $1.0B | $14.6B | ||
| Q2 25 | $1.0B | $14.0B | ||
| Q1 25 | $1.0B | $13.6B | ||
| Q4 24 | $1.1B | $12.9B | ||
| Q3 24 | $1.1B | $12.5B | ||
| Q2 24 | $1.2B | $12.0B | ||
| Q1 24 | $541.0M | $11.1B |
股东权益CRCRUN
| Q4 25 | $3.7B | $3.1B | ||
| Q3 25 | $3.4B | $3.0B | ||
| Q2 25 | $3.4B | $2.9B | ||
| Q1 25 | $3.5B | $2.6B | ||
| Q4 24 | $3.5B | $2.6B | ||
| Q3 24 | $3.5B | $5.3B | ||
| Q2 24 | $2.1B | $5.4B | ||
| Q1 24 | $2.1B | $5.2B |
总资产CRCRUN
| Q4 25 | $7.4B | $22.6B | ||
| Q3 25 | $6.8B | $22.2B | ||
| Q2 25 | $6.7B | $21.2B | ||
| Q1 25 | $6.8B | $20.4B | ||
| Q4 24 | $7.1B | $19.9B | ||
| Q3 24 | $7.1B | $22.1B | ||
| Q2 24 | $4.5B | $21.4B | ||
| Q1 24 | $3.9B | $20.8B |
负债/权益比CRCRUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | 0.29× | 4.90× | ||
| Q2 25 | 0.30× | 4.80× | ||
| Q1 25 | 0.29× | 5.19× | ||
| Q4 24 | 0.32× | 5.05× | ||
| Q3 24 | 0.32× | 2.36× | ||
| Q2 24 | 0.57× | 2.23× | ||
| Q1 24 | 0.26× | 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 | $235.0M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $115.0M | — |
| 自由现金流率自由现金流/营收 | 16.9% | — |
| 资本支出强度资本支出/营收 | 17.7% | — |
| 现金转化率经营现金流/净利润 | 19.58× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $543.0M | — |
8季度趋势，按日历期对齐
经营现金流CRCRUN
| Q4 25 | $235.0M | $96.9M | ||
| Q3 25 | $279.0M | $-121.5M | ||
| Q2 25 | $165.0M | $-292.7M | ||
| Q1 25 | $186.0M | $-104.2M | ||
| Q4 24 | $206.0M | $-258.4M | ||
| Q3 24 | $220.0M | $-156.2M | ||
| Q2 24 | $97.0M | $-208.5M | ||
| Q1 24 | $87.0M | $-143.1M |
自由现金流CRCRUN
| Q4 25 | $115.0M | — | ||
| Q3 25 | $188.0M | — | ||
| Q2 25 | $109.0M | — | ||
| Q1 25 | $131.0M | — | ||
| Q4 24 | $118.0M | — | ||
| Q3 24 | $141.0M | $-156.4M | ||
| Q2 24 | $63.0M | — | ||
| Q1 24 | $33.0M | — |
自由现金流率CRCRUN
| Q4 25 | 16.9% | — | ||
| Q3 25 | 26.3% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 16.1% | — | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 16.2% | -29.1% | ||
| Q2 24 | 15.3% | — | ||
| Q1 24 | 7.7% | — |
资本支出强度CRCRUN
| Q4 25 | 17.7% | — | ||
| Q3 25 | 12.7% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 6.8% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 9.1% | 0.0% | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | 12.6% | — |
现金转化率CRCRUN
| Q4 25 | 19.58× | 0.94× | ||
| Q3 25 | 4.36× | -7.33× | ||
| Q2 25 | 0.96× | -1.05× | ||
| Q1 25 | 1.62× | -2.08× | ||
| Q4 24 | 6.24× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 12.13× | -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
CRC
| Oil And Natural Gas Segment | $645.0M | 95% |
| Natural Gas Production | $26.0M | 4% |
| Other | $7.0M | 1% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
