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CVR ENERGY INC（CVI）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
CVR ENERGY INC的季度营收约是Sunrun Inc.的1.7倍（$2.0B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -8.1%，领先17.0%），Sunrun Inc.同比增速更快（123.5% vs 20.3%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 0.3%）
CVR能源是总部位于美国的能源控股企业，主营石油炼制与氮肥制造两大核心业务，生产汽油、柴油、航空燃油及农用化肥等产品，主要面向北美地区的商业、工业及农业客户供货。
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。
CVI vs RUN — 直观对比
营收规模更大
CVI
是对方的1.7倍
$1.2B
营收增速更快
RUN
高出103.2%
20.3%
净利率更高
RUN
高出17.0%
-8.1%
两年增速更快
RUN
近两年复合增速
0.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $-160.0M | $103.6M |
| 毛利率 | -5.2% | — |
| 营业利润率 | — | 8.4% |
| 净利率 | -8.1% | 8.9% |
| 营收同比 | 20.3% | 123.5% |
| 净利润同比 | -56.1% | 103.7% |
| 每股收益（稀释后） | $-1.91 | $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CVIRUN
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.9B | $724.6M | ||
| Q2 25 | $1.8B | $569.3M | ||
| Q1 25 | $1.6B | $504.3M | ||
| Q4 24 | $1.9B | $518.5M | ||
| Q3 24 | $1.8B | $537.2M | ||
| Q2 24 | $2.0B | $523.9M |
净利润CVIRUN
| Q1 26 | $-160.0M | — | ||
| Q4 25 | $-110.0M | $103.6M | ||
| Q3 25 | $374.0M | $16.6M | ||
| Q2 25 | $-114.0M | $279.8M | ||
| Q1 25 | $-123.0M | $50.0M | ||
| Q4 24 | $28.0M | $-2.8B | ||
| Q3 24 | $-124.0M | $-83.8M | ||
| Q2 24 | $21.0M | $139.1M |
毛利率CVIRUN
| Q1 26 | -5.2% | — | ||
| Q4 25 | -3.1% | — | ||
| Q3 25 | 28.8% | — | ||
| Q2 25 | -3.7% | — | ||
| Q1 25 | -5.5% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | -3.9% | — | ||
| Q2 24 | 2.9% | — |
营业利润率CVIRUN
| Q1 26 | — | — | ||
| Q4 25 | -5.3% | 8.4% | ||
| Q3 25 | 26.3% | 0.5% | ||
| Q2 25 | -5.8% | -19.7% | ||
| Q1 25 | -8.0% | -22.8% | ||
| Q4 24 | 1.1% | -628.0% | ||
| Q3 24 | -6.2% | -23.8% | ||
| Q2 24 | 1.4% | -24.4% |
净利率CVIRUN
| Q1 26 | -8.1% | — | ||
| Q4 25 | -6.1% | 8.9% | ||
| Q3 25 | 19.2% | 2.3% | ||
| Q2 25 | -6.5% | 49.1% | ||
| Q1 25 | -7.5% | 9.9% | ||
| Q4 24 | 1.4% | -542.7% | ||
| Q3 24 | -6.8% | -15.6% | ||
| Q2 24 | 1.1% | 26.5% |
每股收益（稀释后）CVIRUN
| Q1 26 | $-1.91 | — | ||
| Q4 25 | $-1.09 | $0.38 | ||
| Q3 25 | $3.72 | $0.06 | ||
| Q2 25 | $-1.14 | $1.07 | ||
| Q1 25 | $-1.22 | $0.20 | ||
| Q4 24 | $0.28 | $-12.59 | ||
| Q3 24 | $-1.24 | $-0.37 | ||
| Q2 24 | $0.21 | $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 | $512.0M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | — | $3.1B |
| 总资产 | $3.9B | $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CVIRUN
| Q1 26 | $512.0M | — | ||
| Q4 25 | $511.0M | — | ||
| Q3 25 | $670.0M | — | ||
| Q2 25 | $596.0M | — | ||
| Q1 25 | $695.0M | — | ||
| Q4 24 | $987.0M | — | ||
| Q3 24 | $534.0M | — | ||
| Q2 24 | $586.0M | — |
总债务CVIRUN
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $14.7B | ||
| Q3 25 | $1.8B | $14.6B | ||
| Q2 25 | $1.8B | $14.0B | ||
| Q1 25 | $1.9B | $13.6B | ||
| Q4 24 | $1.9B | $12.9B | ||
| Q3 24 | $1.6B | $12.5B | ||
| Q2 24 | $1.6B | $12.0B |
股东权益CVIRUN
| Q1 26 | — | — | ||
| Q4 25 | $730.0M | $3.1B | ||
| Q3 25 | $840.0M | $3.0B | ||
| Q2 25 | $466.0M | $2.9B | ||
| Q1 25 | $580.0M | $2.6B | ||
| Q4 24 | $703.0M | $2.6B | ||
| Q3 24 | $675.0M | $5.3B | ||
| Q2 24 | $849.0M | $5.4B |
总资产CVIRUN
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.7B | $22.6B | ||
| Q3 25 | $4.0B | $22.2B | ||
| Q2 25 | $4.0B | $21.2B | ||
| Q1 25 | $4.3B | $20.4B | ||
| Q4 24 | $4.3B | $19.9B | ||
| Q3 24 | $3.9B | $22.1B | ||
| Q2 24 | $4.0B | $21.4B |
负债/权益比CVIRUN
| Q1 26 | — | — | ||
| Q4 25 | 2.40× | 4.69× | ||
| Q3 25 | 2.17× | 4.90× | ||
| Q2 25 | 3.97× | 4.80× | ||
| Q1 25 | 3.29× | 5.19× | ||
| Q4 24 | 2.71× | 5.05× | ||
| Q3 24 | 2.33× | 2.36× | ||
| Q2 24 | 1.86× | 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 | $21.0M | — |
| 自由现金流率自由现金流/营收 | 1.1% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流CVIRUN
| Q1 26 | — | — | ||
| Q4 25 | $0 | $96.9M | ||
| Q3 25 | $163.0M | $-121.5M | ||
| Q2 25 | $176.0M | $-292.7M | ||
| Q1 25 | $-195.0M | $-104.2M | ||
| Q4 24 | $98.0M | $-258.4M | ||
| Q3 24 | $48.0M | $-156.2M | ||
| Q2 24 | $81.0M | $-208.5M |
自由现金流CVIRUN
| Q1 26 | $21.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $125.0M | — | ||
| Q2 25 | $135.0M | — | ||
| Q1 25 | $-246.0M | — | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $14.0M | $-156.4M | ||
| Q2 24 | $38.0M | — |
自由现金流率CVIRUN
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | -14.9% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 0.8% | -29.1% | ||
| Q2 24 | 1.9% | — |
资本支出强度CVIRUN
| Q1 26 | 1.5% | — | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 1.9% | 0.0% | ||
| Q2 24 | 2.2% | — |
现金转化率CVIRUN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | 0.44× | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.86× | -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
CVI
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% |
