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劲量控股（ENR）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.的季度营收约是劲量控股的1.5倍（$1.2B vs $778.9M）。Sunrun Inc.净利率更高（8.9% vs -0.4%，领先9.4%）。Sunrun Inc.同比增速更快（123.5% vs 6.5%）。过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 8.4%）
劲量控股是美国电池制造企业，也是全球规模最大的电池生产商之一，总部位于密苏里州克莱顿。旗下拥有劲量、雷特威、瓦尔塔、永备等多个电池品牌，2015年公司将原个人护理业务拆分，成立独立的Edgewell个人护理公司。
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。
ENR vs RUN — 直观对比
营收规模更大
RUN
是对方的1.5倍
$778.9M
营收增速更快
RUN
高出117.0%
6.5%
净利率更高
RUN
高出9.4%
-0.4%
两年增速更快
RUN
近两年复合增速
8.4%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $778.9M | $1.2B |
| 净利润 | $-3.4M | $103.6M |
| 毛利率 | 32.9% | — |
| 营业利润率 | -0.6% | 8.4% |
| 净利率 | -0.4% | 8.9% |
| 营收同比 | 6.5% | 123.5% |
| 净利润同比 | -115.2% | 103.7% |
| 每股收益（稀释后） | — | $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ENRRUN
| Q4 25 | $778.9M | $1.2B | ||
| Q3 25 | $832.8M | $724.6M | ||
| Q2 25 | $725.3M | $569.3M | ||
| Q1 25 | $662.9M | $504.3M | ||
| Q4 24 | $731.7M | $518.5M | ||
| Q3 24 | $805.7M | $537.2M | ||
| Q2 24 | $701.4M | $523.9M | ||
| Q1 24 | $663.3M | $458.2M |
净利润ENRRUN
| Q4 25 | $-3.4M | $103.6M | ||
| Q3 25 | $34.9M | $16.6M | ||
| Q2 25 | $153.5M | $279.8M | ||
| Q1 25 | $28.3M | $50.0M | ||
| Q4 24 | $22.3M | $-2.8B | ||
| Q3 24 | $47.6M | $-83.8M | ||
| Q2 24 | $-43.8M | $139.1M | ||
| Q1 24 | $32.4M | $-87.8M |
毛利率ENRRUN
| Q4 25 | 32.9% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 55.1% | — | ||
| Q1 25 | 39.1% | — | ||
| Q4 24 | 36.8% | — | ||
| Q3 24 | 38.1% | — | ||
| Q2 24 | 39.5% | — | ||
| Q1 24 | 38.2% | — |
营业利润率ENRRUN
| Q4 25 | -0.6% | 8.4% | ||
| Q3 25 | 6.4% | 0.5% | ||
| Q2 25 | 22.6% | -19.7% | ||
| Q1 25 | 5.5% | -22.8% | ||
| Q4 24 | 4.1% | -628.0% | ||
| Q3 24 | 7.4% | -23.8% | ||
| Q2 24 | -8.2% | -24.4% | ||
| Q1 24 | 6.4% | -40.0% |
净利率ENRRUN
| Q4 25 | -0.4% | 8.9% | ||
| Q3 25 | 4.2% | 2.3% | ||
| Q2 25 | 21.2% | 49.1% | ||
| Q1 25 | 4.3% | 9.9% | ||
| Q4 24 | 3.0% | -542.7% | ||
| Q3 24 | 5.9% | -15.6% | ||
| Q2 24 | -6.2% | 26.5% | ||
| Q1 24 | 4.9% | -19.2% |
每股收益（稀释后）ENRRUN
| Q4 25 | — | $0.38 | ||
| Q3 25 | — | $0.06 | ||
| Q2 25 | — | $1.07 | ||
| Q1 25 | — | $0.20 | ||
| Q4 24 | — | $-12.59 | ||
| Q3 24 | — | $-0.37 | ||
| Q2 24 | — | $0.55 | ||
| Q1 24 | — | $-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 | $214.8M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $141.3M | $3.1B |
| 总资产 | $4.4B | $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ENRRUN
| Q4 25 | $214.8M | — | ||
| Q3 25 | $236.2M | — | ||
| Q2 25 | $171.1M | — | ||
| Q1 25 | $139.3M | — | ||
| Q4 24 | $195.9M | — | ||
| Q3 24 | $216.9M | — | ||
| Q2 24 | $146.7M | — | ||
| Q1 24 | $158.1M | — |
总债务ENRRUN
| Q4 25 | — | $14.7B | ||
| Q3 25 | $3.4B | $14.6B | ||
| Q2 25 | $3.2B | $14.0B | ||
| Q1 25 | $3.2B | $13.6B | ||
| Q4 24 | $3.1B | $12.9B | ||
| Q3 24 | $3.2B | $12.5B | ||
| Q2 24 | $3.2B | $12.0B | ||
| Q1 24 | $3.2B | $11.1B |
股东权益ENRRUN
| Q4 25 | $141.3M | $3.1B | ||
| Q3 25 | $169.9M | $3.0B | ||
| Q2 25 | $183.2M | $2.9B | ||
| Q1 25 | $133.9M | $2.6B | ||
| Q4 24 | $140.6M | $2.6B | ||
| Q3 24 | $135.8M | $5.3B | ||
| Q2 24 | $123.4M | $5.4B | ||
| Q1 24 | $191.3M | $5.2B |
总资产ENRRUN
| Q4 25 | $4.4B | $22.6B | ||
| Q3 25 | $4.6B | $22.2B | ||
| Q2 25 | $4.5B | $21.2B | ||
| Q1 25 | $4.2B | $20.4B | ||
| Q4 24 | $4.2B | $19.9B | ||
| Q3 24 | $4.3B | $22.1B | ||
| Q2 24 | $4.2B | $21.4B | ||
| Q1 24 | $4.3B | $20.8B |
负债/权益比ENRRUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | 20.28× | 4.90× | ||
| Q2 25 | 17.57× | 4.80× | ||
| Q1 25 | 23.56× | 5.19× | ||
| Q4 24 | 22.17× | 5.05× | ||
| Q3 24 | 23.51× | 2.36× | ||
| Q2 24 | 26.04× | 2.23× | ||
| Q1 24 | 16.86× | 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 | $149.5M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $124.2M | — |
| 自由现金流率自由现金流/营收 | 15.9% | — |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 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 | $145.0M | — |
8季度趋势，按日历期对齐
经营现金流ENRRUN
| Q4 25 | $149.5M | $96.9M | ||
| Q3 25 | $61.5M | $-121.5M | ||
| Q2 25 | $21.4M | $-292.7M | ||
| Q1 25 | $-12.8M | $-104.2M | ||
| Q4 24 | $77.0M | $-258.4M | ||
| Q3 24 | $168.9M | $-156.2M | ||
| Q2 24 | $45.8M | $-208.5M | ||
| Q1 24 | $36.8M | $-143.1M |
自由现金流ENRRUN
| Q4 25 | $124.2M | — | ||
| Q3 25 | $46.7M | — | ||
| Q2 25 | $7.9M | — | ||
| Q1 25 | $-33.8M | — | ||
| Q4 24 | $42.4M | — | ||
| Q3 24 | $141.5M | $-156.4M | ||
| Q2 24 | $27.3M | — | ||
| Q1 24 | $10.3M | — |
自由现金流率ENRRUN
| Q4 25 | 15.9% | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | -5.1% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 17.6% | -29.1% | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 1.6% | — |
资本支出强度ENRRUN
| Q4 25 | 3.2% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 3.4% | 0.0% | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 4.0% | — |
现金转化率ENRRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | 1.76× | -7.33× | ||
| Q2 25 | 0.14× | -1.05× | ||
| Q1 25 | -0.45× | -2.08× | ||
| Q4 24 | 3.45× | — | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | — | -1.50× | ||
| Q1 24 | 1.14× | — |
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
ENR
| Alkaline Batteries | $666.5M | 86% |
| Auto Care | $93.7M | 12% |
| Lights | $18.7M | 2% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
