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伊士曼化工（EMN）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
伊士曼化工的季度营收约是Sunrun Inc.的1.7倍（$2.0B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs 5.3%，领先3.6%），Sunrun Inc.同比增速更快（123.5% vs -13.8%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -8.6%）
伊士曼化工是总部位于美国田纳西州金斯波特的全球特种材料企业，前身为柯达子公司，1920年成立，1994年独立运营。公司在全球拥有36个生产基地、约1.4万名员工，生产各类先进材料、化学品和纤维产品，广泛应用于日常生活领域，2023年销售额约92.1亿美元。
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。
EMN vs RUN — 直观对比
营收规模更大
EMN
是对方的1.7倍
$1.2B
营收增速更快
RUN
高出137.3%
-13.8%
净利率更高
RUN
高出3.6%
5.3%
两年增速更快
RUN
近两年复合增速
-8.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $105.0M | $103.6M |
| 毛利率 | 17.1% | — |
| 营业利润率 | — | 8.4% |
| 净利率 | 5.3% | 8.9% |
| 营收同比 | -13.8% | 123.5% |
| 净利润同比 | -42.3% | 103.7% |
| 每股收益（稀释后） | $0.93 | $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EMNRUN
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $2.2B | $724.6M | ||
| Q2 25 | $2.3B | $569.3M | ||
| Q1 25 | $2.3B | $504.3M | ||
| Q4 24 | $2.2B | $518.5M | ||
| Q3 24 | $2.5B | $537.2M | ||
| Q2 24 | $2.4B | $523.9M |
净利润EMNRUN
| Q1 26 | $105.0M | — | ||
| Q4 25 | $105.0M | $103.6M | ||
| Q3 25 | $47.0M | $16.6M | ||
| Q2 25 | $140.0M | $279.8M | ||
| Q1 25 | $182.0M | $50.0M | ||
| Q4 24 | $330.0M | $-2.8B | ||
| Q3 24 | $180.0M | $-83.8M | ||
| Q2 24 | $230.0M | $139.1M |
毛利率EMNRUN
| Q1 26 | 17.1% | — | ||
| Q4 25 | 17.1% | — | ||
| Q3 25 | 19.7% | — | ||
| Q2 25 | 22.1% | — | ||
| Q1 25 | 24.8% | — | ||
| Q4 24 | 24.7% | — | ||
| Q3 24 | 24.6% | — | ||
| Q2 24 | 25.3% | — |
营业利润率EMNRUN
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 8.4% | ||
| Q3 25 | 6.1% | 0.5% | ||
| Q2 25 | 7.4% | -19.7% | ||
| Q1 25 | 11.0% | -22.8% | ||
| Q4 24 | 13.2% | -628.0% | ||
| Q3 24 | 11.4% | -23.8% | ||
| Q2 24 | 12.1% | -24.4% |
净利率EMNRUN
| Q1 26 | 5.3% | — | ||
| Q4 25 | 5.3% | 8.9% | ||
| Q3 25 | 2.1% | 2.3% | ||
| Q2 25 | 6.1% | 49.1% | ||
| Q1 25 | 7.9% | 9.9% | ||
| Q4 24 | 14.7% | -542.7% | ||
| Q3 24 | 7.3% | -15.6% | ||
| Q2 24 | 9.7% | 26.5% |
每股收益（稀释后）EMNRUN
| Q1 26 | $0.93 | — | ||
| Q4 25 | $0.93 | $0.38 | ||
| Q3 25 | $0.40 | $0.06 | ||
| Q2 25 | $1.20 | $1.07 | ||
| Q1 25 | $1.57 | $0.20 | ||
| Q4 24 | $2.81 | $-12.59 | ||
| Q3 24 | $1.53 | $-0.37 | ||
| Q2 24 | $1.94 | $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 | $566.0M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $6.0B | $3.1B |
| 总资产 | $14.9B | $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EMNRUN
| Q1 26 | $566.0M | — | ||
| Q4 25 | $566.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $837.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务EMNRUN
| Q1 26 | — | — | ||
| 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EMNRUN
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.0B | $3.1B | ||
| Q3 25 | $5.8B | $3.0B | ||
| Q2 25 | $5.8B | $2.9B | ||
| Q1 25 | $5.9B | $2.6B | ||
| Q4 24 | $5.8B | $2.6B | ||
| Q3 24 | $5.7B | $5.3B | ||
| Q2 24 | $5.6B | $5.4B |
总资产EMNRUN
| Q1 26 | $14.9B | — | ||
| Q4 25 | $14.9B | $22.6B | ||
| Q3 25 | $15.0B | $22.2B | ||
| Q2 25 | $15.2B | $21.2B | ||
| Q1 25 | $15.0B | $20.4B | ||
| Q4 24 | $15.2B | $19.9B | ||
| Q3 24 | $15.1B | $22.1B | ||
| Q2 24 | $14.9B | $21.4B |
负债/权益比EMNRUN
| Q1 26 | — | — | ||
| 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 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流EMNRUN
| Q1 26 | — | — | ||
| Q4 25 | $502.0M | $96.9M | ||
| Q3 25 | $402.0M | $-121.5M | ||
| Q2 25 | $233.0M | $-292.7M | ||
| Q1 25 | $-167.0M | $-104.2M | ||
| Q4 24 | $540.0M | $-258.4M | ||
| Q3 24 | $396.0M | $-156.2M | ||
| Q2 24 | $367.0M | $-208.5M |
自由现金流EMNRUN
| Q1 26 | — | — | ||
| Q4 25 | $390.0M | — | ||
| Q3 25 | $265.0M | — | ||
| Q2 25 | $83.0M | — | ||
| Q1 25 | $-314.0M | — | ||
| Q4 24 | $361.0M | — | ||
| Q3 24 | $276.0M | $-156.4M | ||
| Q2 24 | $252.0M | — |
自由现金流率EMNRUN
| Q1 26 | — | — | ||
| Q4 25 | 19.8% | — | ||
| Q3 25 | 12.0% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | -13.7% | — | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 11.2% | -29.1% | ||
| Q2 24 | 10.7% | — |
资本支出强度EMNRUN
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 6.2% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 6.4% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 4.9% | 0.0% | ||
| Q2 24 | 4.9% | — |
现金转化率EMNRUN
| Q1 26 | — | — | ||
| Q4 25 | 4.78× | 0.94× | ||
| Q3 25 | 8.55× | -7.33× | ||
| Q2 25 | 1.66× | -1.05× | ||
| Q1 25 | -0.92× | -2.08× | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 2.20× | — | ||
| Q2 24 | 1.60× | -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
EMN
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% |
