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卡骆驰（CROX）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.的季度营收约是卡骆驰的1.3倍（$1.2B vs $921.5M），卡骆驰净利率更高（14.9% vs 8.9%，领先6.0%），Sunrun Inc.同比增速更快（123.5% vs -1.7%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -8.9%）
卡骆驰（Crocs）是总部位于美国科罗拉多州布鲁姆菲尔德的鞋履企业，主打生产、销售旗下同名品牌的泡沫鞋履产品。其标志性鞋款虽被品牌称为“木屐”，但和传统木屐不同，不含木质材料，凭借舒适轻便的特性受到全球消费者喜爱。
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。
CROX vs RUN — 直观对比
营收规模更大
RUN
是对方的1.3倍
$921.5M
营收增速更快
RUN
高出125.2%
-1.7%
净利率更高
CROX
高出6.0%
8.9%
两年增速更快
RUN
近两年复合增速
-8.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $921.5M | $1.2B |
| 净利润 | $137.6M | $103.6M |
| 毛利率 | 56.8% | — |
| 营业利润率 | 21.8% | 8.4% |
| 净利率 | 14.9% | 8.9% |
| 营收同比 | -1.7% | 123.5% |
| 净利润同比 | -14.1% | 103.7% |
| 每股收益（稀释后） | $2.71 | $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CROXRUN
| Q1 26 | $921.5M | — | ||
| Q4 25 | $957.6M | $1.2B | ||
| Q3 25 | $996.3M | $724.6M | ||
| Q2 25 | $1.1B | $569.3M | ||
| Q1 25 | $937.3M | $504.3M | ||
| Q4 24 | $989.8M | $518.5M | ||
| Q3 24 | $1.1B | $537.2M | ||
| Q2 24 | $1.1B | $523.9M |
净利润CROXRUN
| Q1 26 | $137.6M | — | ||
| Q4 25 | $105.2M | $103.6M | ||
| Q3 25 | $145.8M | $16.6M | ||
| Q2 25 | $-492.3M | $279.8M | ||
| Q1 25 | $160.1M | $50.0M | ||
| Q4 24 | $368.9M | $-2.8B | ||
| Q3 24 | $199.8M | $-83.8M | ||
| Q2 24 | $228.9M | $139.1M |
毛利率CROXRUN
| Q1 26 | 56.8% | — | ||
| Q4 25 | 54.7% | — | ||
| Q3 25 | 58.5% | — | ||
| Q2 25 | 61.7% | — | ||
| Q1 25 | 57.8% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 59.6% | — | ||
| Q2 24 | 61.4% | — |
营业利润率CROXRUN
| Q1 26 | 21.8% | — | ||
| Q4 25 | 15.3% | 8.4% | ||
| Q3 25 | 20.8% | 0.5% | ||
| Q2 25 | -37.2% | -19.7% | ||
| Q1 25 | 23.8% | -22.8% | ||
| Q4 24 | 20.2% | -628.0% | ||
| Q3 24 | 25.4% | -23.8% | ||
| Q2 24 | 29.3% | -24.4% |
净利率CROXRUN
| Q1 26 | 14.9% | — | ||
| Q4 25 | 11.0% | 8.9% | ||
| Q3 25 | 14.6% | 2.3% | ||
| Q2 25 | -42.8% | 49.1% | ||
| Q1 25 | 17.1% | 9.9% | ||
| Q4 24 | 37.3% | -542.7% | ||
| Q3 24 | 18.8% | -15.6% | ||
| Q2 24 | 20.6% | 26.5% |
每股收益（稀释后）CROXRUN
| Q1 26 | $2.71 | — | ||
| Q4 25 | $1.79 | $0.38 | ||
| Q3 25 | $2.70 | $0.06 | ||
| Q2 25 | $-8.82 | $1.07 | ||
| Q1 25 | $2.83 | $0.20 | ||
| Q4 24 | $6.25 | $-12.59 | ||
| Q3 24 | $3.36 | $-0.37 | ||
| Q2 24 | $3.77 | $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 | $130.9M | — |
| 总债务越低越好 | $1.3B | $14.7B |
| 股东权益账面价值 | $1.4B | $3.1B |
| 总资产 | $4.3B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.93× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资CROXRUN
| Q1 26 | $130.9M | — | ||
| Q4 25 | $130.4M | — | ||
| Q3 25 | $154.0M | — | ||
| Q2 25 | $200.6M | — | ||
| Q1 25 | $166.5M | — | ||
| Q4 24 | $180.5M | — | ||
| Q3 24 | $186.1M | — | ||
| Q2 24 | $167.7M | — |
总债务CROXRUN
| Q1 26 | $1.3B | — | ||
| 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 |
股东权益CROXRUN
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | $3.1B | ||
| Q3 25 | $1.4B | $3.0B | ||
| Q2 25 | $1.4B | $2.9B | ||
| Q1 25 | $2.0B | $2.6B | ||
| Q4 24 | $1.8B | $2.6B | ||
| Q3 24 | $1.7B | $5.3B | ||
| Q2 24 | $1.7B | $5.4B |
总资产CROXRUN
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.2B | $22.6B | ||
| Q3 25 | $4.3B | $22.2B | ||
| Q2 25 | $4.5B | $21.2B | ||
| Q1 25 | $5.1B | $20.4B | ||
| Q4 24 | $4.8B | $19.9B | ||
| Q3 24 | $4.7B | $22.1B | ||
| Q2 24 | $4.7B | $21.4B |
负债/权益比CROXRUN
| Q1 26 | 0.93× | — | ||
| 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× |
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 | $-98.9M | — |
| 自由现金流率自由现金流/营收 | -10.7% | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | $642.9M | — |
8季度趋势，按日历期对齐
经营现金流CROXRUN
| Q1 26 | — | — | ||
| Q4 25 | $252.5M | $96.9M | ||
| Q3 25 | $239.3M | $-121.5M | ||
| Q2 25 | $285.8M | $-292.7M | ||
| Q1 25 | $-67.2M | $-104.2M | ||
| Q4 24 | $321.9M | $-258.4M | ||
| Q3 24 | $296.9M | $-156.2M | ||
| Q2 24 | $401.2M | $-208.5M |
自由现金流CROXRUN
| Q1 26 | $-98.9M | — | ||
| Q4 25 | $246.4M | — | ||
| Q3 25 | $226.2M | — | ||
| Q2 25 | $269.2M | — | ||
| Q1 25 | $-82.6M | — | ||
| Q4 24 | $303.4M | — | ||
| Q3 24 | $278.8M | $-156.4M | ||
| Q2 24 | $384.2M | — |
自由现金流率CROXRUN
| Q1 26 | -10.7% | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 22.7% | — | ||
| Q2 25 | 23.4% | — | ||
| Q1 25 | -8.8% | — | ||
| Q4 24 | 30.7% | — | ||
| Q3 24 | 26.3% | -29.1% | ||
| Q2 24 | 34.6% | — |
资本支出强度CROXRUN
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 1.7% | 0.0% | ||
| Q2 24 | 1.5% | — |
现金转化率CROXRUN
| Q1 26 | — | — | ||
| Q4 25 | 2.40× | 0.94× | ||
| Q3 25 | 1.64× | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | -0.42× | -2.08× | ||
| Q4 24 | 0.87× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.75× | -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
CROX
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% |
