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卡彭特科技（CRS）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.的季度营收约是卡彭特科技的1.6倍（$1.2B vs $728.0M），卡彭特科技净利率更高（14.5% vs 8.9%，领先5.5%），Sunrun Inc.同比增速更快（123.5% vs 7.5%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 3.1%）
卡彭特科技是全球特种合金材料供应商，主营不锈钢、耐腐蚀镍、铜、钛合金及3D增材制造用粉末合金的研发、生产与分销。2018财年其营收分布为：航空航天与国防占55%，工业与消费品占17%，医疗占8%，交通、能源各占7%，分销业务占6%。
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。
CRS vs RUN — 直观对比
营收规模更大
RUN
是对方的1.6倍
$728.0M
营收增速更快
RUN
高出116.0%
7.5%
净利率更高
CRS
高出5.5%
8.9%
两年增速更快
RUN
近两年复合增速
3.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $728.0M | $1.2B |
| 净利润 | $105.3M | $103.6M |
| 毛利率 | 30.0% | — |
| 营业利润率 | 21.3% | 8.4% |
| 净利率 | 14.5% | 8.9% |
| 营收同比 | 7.5% | 123.5% |
| 净利润同比 | 25.2% | 103.7% |
| 每股收益（稀释后） | $2.09 | $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CRSRUN
| Q4 25 | $728.0M | $1.2B | ||
| Q3 25 | $733.7M | $724.6M | ||
| Q2 25 | $755.6M | $569.3M | ||
| Q1 25 | $727.0M | $504.3M | ||
| Q4 24 | $676.9M | $518.5M | ||
| Q3 24 | $717.6M | $537.2M | ||
| Q2 24 | $798.7M | $523.9M | ||
| Q1 24 | $684.9M | $458.2M |
净利润CRSRUN
| Q4 25 | $105.3M | $103.6M | ||
| Q3 25 | $122.5M | $16.6M | ||
| Q2 25 | $111.7M | $279.8M | ||
| Q1 25 | $95.4M | $50.0M | ||
| Q4 24 | $84.1M | $-2.8B | ||
| Q3 24 | $84.8M | $-83.8M | ||
| Q2 24 | $93.6M | $139.1M | ||
| Q1 24 | $6.3M | $-87.8M |
毛利率CRSRUN
| Q4 25 | 30.0% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 28.3% | — | ||
| Q1 25 | 27.6% | — | ||
| Q4 24 | 26.2% | — | ||
| Q3 24 | 24.6% | — | ||
| Q2 24 | 23.9% | — | ||
| Q1 24 | 21.5% | — |
营业利润率CRSRUN
| Q4 25 | 21.3% | 8.4% | ||
| Q3 25 | 20.9% | 0.5% | ||
| Q2 25 | 20.1% | -19.7% | ||
| Q1 25 | 19.0% | -22.8% | ||
| Q4 24 | 17.6% | -628.0% | ||
| Q3 24 | 15.8% | -23.8% | ||
| Q2 24 | 13.6% | -24.4% | ||
| Q1 24 | 11.1% | -40.0% |
净利率CRSRUN
| Q4 25 | 14.5% | 8.9% | ||
| Q3 25 | 16.7% | 2.3% | ||
| Q2 25 | 14.8% | 49.1% | ||
| Q1 25 | 13.1% | 9.9% | ||
| Q4 24 | 12.4% | -542.7% | ||
| Q3 24 | 11.8% | -15.6% | ||
| Q2 24 | 11.7% | 26.5% | ||
| Q1 24 | 0.9% | -19.2% |
每股收益（稀释后）CRSRUN
| Q4 25 | $2.09 | $0.38 | ||
| Q3 25 | $2.43 | $0.06 | ||
| Q2 25 | $2.21 | $1.07 | ||
| Q1 25 | $1.88 | $0.20 | ||
| Q4 24 | $1.66 | $-12.59 | ||
| Q3 24 | $1.67 | $-0.37 | ||
| Q2 24 | $1.85 | $0.55 | ||
| Q1 24 | $0.12 | $-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 | $231.9M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $2.0B | $3.1B |
| 总资产 | $3.5B | $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CRSRUN
| Q4 25 | $231.9M | — | ||
| Q3 25 | $208.0M | — | ||
| Q2 25 | $315.5M | — | ||
| Q1 25 | $151.5M | — | ||
| Q4 24 | $162.1M | — | ||
| Q3 24 | $150.2M | — | ||
| Q2 24 | $199.1M | — | ||
| Q1 24 | $53.5M | — |
总债务CRSRUN
| 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 | ||
| Q1 24 | — | $11.1B |
股东权益CRSRUN
| Q4 25 | $2.0B | $3.1B | ||
| Q3 25 | $1.9B | $3.0B | ||
| Q2 25 | $1.9B | $2.9B | ||
| Q1 25 | $1.8B | $2.6B | ||
| Q4 24 | $1.7B | $2.6B | ||
| Q3 24 | $1.7B | $5.3B | ||
| Q2 24 | $1.6B | $5.4B | ||
| Q1 24 | $1.5B | $5.2B |
总资产CRSRUN
| Q4 25 | $3.5B | $22.6B | ||
| Q3 25 | $3.4B | $22.2B | ||
| Q2 25 | $3.5B | $21.2B | ||
| Q1 25 | $3.4B | $20.4B | ||
| Q4 24 | $3.3B | $19.9B | ||
| Q3 24 | $3.3B | $22.1B | ||
| Q2 24 | $3.3B | $21.4B | ||
| Q1 24 | $3.2B | $20.8B |
负债/权益比CRSRUN
| 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× | ||
| 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 | $132.2M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $85.9M | — |
| 自由现金流率自由现金流/营收 | 11.8% | — |
| 资本支出强度资本支出/营收 | 6.4% | — |
| 现金转化率经营现金流/净利润 | 1.26× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $316.7M | — |
8季度趋势，按日历期对齐
经营现金流CRSRUN
| Q4 25 | $132.2M | $96.9M | ||
| Q3 25 | $39.2M | $-121.5M | ||
| Q2 25 | $258.1M | $-292.7M | ||
| Q1 25 | $74.2M | $-104.2M | ||
| Q4 24 | $67.9M | $-258.4M | ||
| Q3 24 | $40.2M | $-156.2M | ||
| Q2 24 | $169.5M | $-208.5M | ||
| Q1 24 | $83.5M | $-143.1M |
自由现金流CRSRUN
| Q4 25 | $85.9M | — | ||
| Q3 25 | $-3.4M | — | ||
| Q2 25 | $200.2M | — | ||
| Q1 25 | $34.0M | — | ||
| Q4 24 | $38.6M | — | ||
| Q3 24 | $13.3M | $-156.4M | ||
| Q2 24 | $141.8M | — | ||
| Q1 24 | $61.9M | — |
自由现金流率CRSRUN
| Q4 25 | 11.8% | — | ||
| Q3 25 | -0.5% | — | ||
| Q2 25 | 26.5% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 1.9% | -29.1% | ||
| Q2 24 | 17.8% | — | ||
| Q1 24 | 9.0% | — |
资本支出强度CRSRUN
| Q4 25 | 6.4% | — | ||
| Q3 25 | 5.8% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 3.7% | 0.0% | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 3.2% | — |
现金转化率CRSRUN
| Q4 25 | 1.26× | 0.94× | ||
| Q3 25 | 0.32× | -7.33× | ||
| Q2 25 | 2.31× | -1.05× | ||
| Q1 25 | 0.78× | -2.08× | ||
| Q4 24 | 0.81× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 1.81× | -1.50× | ||
| Q1 24 | 13.25× | — |
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
CRS
| Aerospace And Defense Markets | $448.8M | 62% |
| Industrial And Consumer Markets | $88.4M | 12% |
| Performance Engineered Products Segment | $83.2M | 11% |
| Medical Market | $54.7M | 8% |
| Energy Market | $48.5M | 7% |
| Transportation Market | $21.2M | 3% |
| Distribution Market | $17.2M | 2% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
