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CrowdStrike（CRWD）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
CrowdStrike的季度营收约是Sunrun Inc.的1.1倍（$1.2B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -2.8%，领先11.7%），Sunrun Inc.同比增速更快（123.5% vs 22.2%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 20.8%）
CrowdStrike Holdings, Inc.是总部位于美国得克萨斯州奥斯汀的网络安全科技企业，核心业务涵盖终端安全防护、威胁情报提供与网络攻击响应服务，可为全球各行业客户有效应对各类网络安全风险，保障系统与数据安全。
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。
CRWD vs RUN — 直观对比
营收规模更大
CRWD
是对方的1.1倍
$1.2B
营收增速更快
RUN
高出101.3%
22.2%
净利率更高
RUN
高出11.7%
-2.8%
两年增速更快
RUN
近两年复合增速
20.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $-34.0M | $103.6M |
| 毛利率 | 75.1% | — |
| 营业利润率 | -5.6% | 8.4% |
| 净利率 | -2.8% | 8.9% |
| 营收同比 | 22.2% | 123.5% |
| 净利润同比 | -102.1% | 103.7% |
| 每股收益（稀释后） | $-0.14 | $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CRWDRUN
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $724.6M | ||
| Q2 25 | $1.1B | $569.3M | ||
| Q1 25 | $1.1B | $504.3M | ||
| Q4 24 | $1.0B | $518.5M | ||
| Q3 24 | $963.9M | $537.2M | ||
| Q2 24 | $921.0M | $523.9M | ||
| Q1 24 | $845.3M | $458.2M |
净利润CRWDRUN
| Q4 25 | $-34.0M | $103.6M | ||
| Q3 25 | $-77.7M | $16.6M | ||
| Q2 25 | $-110.2M | $279.8M | ||
| Q1 25 | $-92.3M | $50.0M | ||
| Q4 24 | $-16.8M | $-2.8B | ||
| Q3 24 | $47.0M | $-83.8M | ||
| Q2 24 | $42.8M | $139.1M | ||
| Q1 24 | $53.7M | $-87.8M |
毛利率CRWDRUN
| Q4 25 | 75.1% | — | ||
| Q3 25 | 73.5% | — | ||
| Q2 25 | 73.8% | — | ||
| Q1 25 | 74.1% | — | ||
| Q4 24 | 74.7% | — | ||
| Q3 24 | 75.4% | — | ||
| Q2 24 | 75.6% | — | ||
| Q1 24 | 75.3% | — |
营业利润率CRWDRUN
| Q4 25 | -5.6% | 8.4% | ||
| Q3 25 | -9.7% | 0.5% | ||
| Q2 25 | -11.3% | -19.7% | ||
| Q1 25 | -8.1% | -22.8% | ||
| Q4 24 | -5.5% | -628.0% | ||
| Q3 24 | 1.4% | -23.8% | ||
| Q2 24 | 0.8% | -24.4% | ||
| Q1 24 | 3.5% | -40.0% |
净利率CRWDRUN
| Q4 25 | -2.8% | 8.9% | ||
| Q3 25 | -6.6% | 2.3% | ||
| Q2 25 | -10.0% | 49.1% | ||
| Q1 25 | -8.7% | 9.9% | ||
| Q4 24 | -1.7% | -542.7% | ||
| Q3 24 | 4.9% | -15.6% | ||
| Q2 24 | 4.6% | 26.5% | ||
| Q1 24 | 6.4% | -19.2% |
每股收益（稀释后）CRWDRUN
| Q4 25 | $-0.14 | $0.38 | ||
| Q3 25 | $-0.31 | $0.06 | ||
| Q2 25 | $-0.44 | $1.07 | ||
| Q1 25 | $-0.37 | $0.20 | ||
| Q4 24 | $-0.07 | $-12.59 | ||
| Q3 24 | $0.19 | $-0.37 | ||
| Q2 24 | $0.17 | $0.55 | ||
| Q1 24 | $0.23 | $-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 | $4.8B | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $4.0B | $3.1B |
| 总资产 | $10.0B | $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CRWDRUN
| Q4 25 | $4.8B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.6B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.5B | — |
总债务CRWDRUN
| 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CRWDRUN
| Q4 25 | $4.0B | $3.1B | ||
| Q3 25 | $3.8B | $3.0B | ||
| Q2 25 | $3.5B | $2.9B | ||
| Q1 25 | $3.3B | $2.6B | ||
| Q4 24 | $3.1B | $2.6B | ||
| Q3 24 | $2.9B | $5.3B | ||
| Q2 24 | $2.5B | $5.4B | ||
| Q1 24 | $2.3B | $5.2B |
总资产CRWDRUN
| Q4 25 | $10.0B | $22.6B | ||
| Q3 25 | $9.3B | $22.2B | ||
| Q2 25 | $8.7B | $21.2B | ||
| Q1 25 | $8.7B | $20.4B | ||
| Q4 24 | $7.8B | $19.9B | ||
| Q3 24 | $7.2B | $22.1B | ||
| Q2 24 | $6.8B | $21.4B | ||
| Q1 24 | $6.6B | $20.8B |
负债/权益比CRWDRUN
| 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 | $397.5M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $314.1M | — |
| 自由现金流率自由现金流/营收 | 25.5% | — |
| 资本支出强度资本支出/营收 | 6.8% | — |
| 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 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流CRWDRUN
| Q4 25 | $397.5M | $96.9M | ||
| Q3 25 | $332.8M | $-121.5M | ||
| Q2 25 | $384.1M | $-292.7M | ||
| Q1 25 | $345.7M | $-104.2M | ||
| Q4 24 | $326.1M | $-258.4M | ||
| Q3 24 | $326.6M | $-156.2M | ||
| Q2 24 | $383.2M | $-208.5M | ||
| Q1 24 | $347.0M | $-143.1M |
自由现金流CRWDRUN
| Q4 25 | $314.1M | — | ||
| Q3 25 | $302.3M | — | ||
| Q2 25 | $298.4M | — | ||
| Q1 25 | $258.5M | — | ||
| Q4 24 | $247.4M | — | ||
| Q3 24 | $287.4M | $-156.4M | ||
| Q2 24 | $333.5M | — | ||
| Q1 24 | $294.4M | — |
自由现金流率CRWDRUN
| Q4 25 | 25.5% | — | ||
| Q3 25 | 25.9% | — | ||
| Q2 25 | 27.0% | — | ||
| Q1 25 | 24.4% | — | ||
| Q4 24 | 24.5% | — | ||
| Q3 24 | 29.8% | -29.1% | ||
| Q2 24 | 36.2% | — | ||
| Q1 24 | 34.8% | — |
资本支出强度CRWDRUN
| Q4 25 | 6.8% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 4.1% | 0.0% | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 6.2% | — |
现金转化率CRWDRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.95× | — | ||
| Q2 24 | 8.95× | -1.50× | ||
| Q1 24 | 6.46× | — |
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
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 5% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
