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DILLARD'S, INC.（DDS）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
DILLARD'S, INC.的季度营收约是Sunrun Inc.的1.3倍（$1.5B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs 8.8%，领先0.1%），Sunrun Inc.同比增速更快（123.5% vs 2.9%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -16.9%）
Dillard's, Inc.是美国知名连锁百货企业，1938年由威廉·T·迪拉德创立，总部位于阿肯色州小石城，目前在全美30个州运营约272家门店，其中得克萨斯州、佛罗里达州分别设有57家、42家门店，为其门店数量最多的两个区域。
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。
DDS vs RUN — 直观对比
营收规模更大
DDS
是对方的1.3倍
$1.2B
营收增速更快
RUN
高出120.6%
2.9%
净利率更高
RUN
高出0.1%
8.8%
两年增速更快
RUN
近两年复合增速
-16.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $129.8M | $103.6M |
| 毛利率 | 43.4% | — |
| 营业利润率 | 11.5% | 8.4% |
| 净利率 | 8.8% | 8.9% |
| 营收同比 | 2.9% | 123.5% |
| 净利润同比 | 4.2% | 103.7% |
| 每股收益（稀释后） | $8.31 | $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DDSRUN
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.5B | $724.6M | ||
| Q2 25 | $1.5B | $569.3M | ||
| Q1 25 | $2.0B | $504.3M | ||
| Q4 24 | $1.4B | $518.5M | ||
| Q3 24 | $1.5B | $537.2M | ||
| Q2 24 | $1.5B | $523.9M | ||
| Q1 24 | $2.1B | $458.2M |
净利润DDSRUN
| Q4 25 | $129.8M | $103.6M | ||
| Q3 25 | $72.8M | $16.6M | ||
| Q2 25 | $163.8M | $279.8M | ||
| Q1 25 | $214.4M | $50.0M | ||
| Q4 24 | $124.6M | $-2.8B | ||
| Q3 24 | $74.5M | $-83.8M | ||
| Q2 24 | $180.0M | $139.1M | ||
| Q1 24 | $250.5M | $-87.8M |
毛利率DDSRUN
| Q4 25 | 43.4% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 43.9% | — | ||
| Q1 25 | 34.9% | — | ||
| Q4 24 | 42.6% | — | ||
| Q3 24 | 37.6% | — | ||
| Q2 24 | 44.6% | — | ||
| Q1 24 | 36.6% | — |
营业利润率DDSRUN
| Q4 25 | 11.5% | 8.4% | ||
| Q3 25 | 6.2% | 0.5% | ||
| Q2 25 | 14.0% | -19.7% | ||
| Q1 25 | 11.7% | -22.8% | ||
| Q4 24 | 11.4% | -628.0% | ||
| Q3 24 | 6.5% | -23.8% | ||
| Q2 24 | 15.2% | -24.4% | ||
| Q1 24 | 13.3% | -40.0% |
净利率DDSRUN
| Q4 25 | 8.8% | 8.9% | ||
| Q3 25 | 4.8% | 2.3% | ||
| Q2 25 | 10.7% | 49.1% | ||
| Q1 25 | 10.6% | 9.9% | ||
| Q4 24 | 8.7% | -542.7% | ||
| Q3 24 | 5.0% | -15.6% | ||
| Q2 24 | 11.6% | 26.5% | ||
| Q1 24 | 11.8% | -19.2% |
每股收益（稀释后）DDSRUN
| Q4 25 | $8.31 | $0.38 | ||
| Q3 25 | $4.66 | $0.06 | ||
| Q2 25 | $10.39 | $1.07 | ||
| Q1 25 | $13.41 | $0.20 | ||
| Q4 24 | $7.73 | $-12.59 | ||
| Q3 24 | $4.59 | $-0.37 | ||
| Q2 24 | $11.09 | $0.55 | ||
| Q1 24 | $15.41 | $-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 | $1.1B | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $2.0B | $3.1B |
| 总资产 | $4.3B | $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DDSRUN
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $900.5M | — | ||
| Q1 25 | $717.9M | — | ||
| Q4 24 | $980.4M | — | ||
| Q3 24 | $946.7M | — | ||
| Q2 24 | $817.8M | — | ||
| Q1 24 | $808.3M | — |
总债务DDSRUN
| 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DDSRUN
| 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 | $2.0B | $2.6B | ||
| Q3 24 | $1.9B | $5.3B | ||
| Q2 24 | $1.9B | $5.4B | ||
| Q1 24 | $1.7B | $5.2B |
总资产DDSRUN
| Q4 25 | $4.3B | $22.6B | ||
| Q3 25 | $3.7B | $22.2B | ||
| Q2 25 | $3.9B | $21.2B | ||
| Q1 25 | $3.5B | $20.4B | ||
| Q4 24 | $4.1B | $19.9B | ||
| Q3 24 | $3.7B | $22.1B | ||
| Q2 24 | $3.9B | $21.4B | ||
| Q1 24 | $3.4B | $20.8B |
负债/权益比DDSRUN
| 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 | $186.5M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $156.2M | — |
| 自由现金流率自由现金流/营收 | 10.6% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | 1.44× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $781.3M | — |
8季度趋势，按日历期对齐
经营现金流DDSRUN
| Q4 25 | $186.5M | $96.9M | ||
| Q3 25 | $86.8M | $-121.5M | ||
| Q2 25 | $232.6M | $-292.7M | ||
| Q1 25 | $364.7M | $-104.2M | ||
| Q4 24 | $173.5M | $-258.4M | ||
| Q3 24 | $-68.4M | $-156.2M | ||
| Q2 24 | $244.4M | $-208.5M | ||
| Q1 24 | $436.5M | $-143.1M |
自由现金流DDSRUN
| Q4 25 | $156.2M | — | ||
| Q3 25 | $60.1M | — | ||
| Q2 25 | $215.8M | — | ||
| Q1 25 | $349.3M | — | ||
| Q4 24 | $145.4M | — | ||
| Q3 24 | $-94.3M | $-156.4M | ||
| Q2 24 | $209.2M | — | ||
| Q1 24 | $408.2M | — |
自由现金流率DDSRUN
| Q4 25 | 10.6% | — | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 17.3% | — | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | -6.3% | -29.1% | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 19.2% | — |
资本支出强度DDSRUN
| Q4 25 | 2.1% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 1.7% | 0.0% | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | 1.3% | — |
现金转化率DDSRUN
| Q4 25 | 1.44× | 0.94× | ||
| Q3 25 | 1.19× | -7.33× | ||
| Q2 25 | 1.42× | -1.05× | ||
| Q1 25 | 1.70× | -2.08× | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | -0.92× | — | ||
| Q2 24 | 1.36× | -1.50× | ||
| Q1 24 | 1.74× | — |
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
DDS
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% |
