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艾诺斯（ENS）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.的季度营收约是艾诺斯的1.3倍（$1.2B vs $919.1M）。艾诺斯净利率更高（9.8% vs 8.9%，领先0.9%）。Sunrun Inc.同比增速更快（123.5% vs 1.4%）。过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 0.5%）
艾诺斯是全球领先的工业储能系统及技术供应商，主营备用电源、动力电源类电池的生产，同时还提供电池充电器、电力设备、电池配件及户外设备防护机箱等相关产品，可充分满足各类工业场景的储能需求。
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。
ENS vs RUN — 直观对比
营收规模更大
RUN
是对方的1.3倍
$919.1M
营收增速更快
RUN
高出122.1%
1.4%
净利率更高
ENS
高出0.9%
8.9%
两年增速更快
RUN
近两年复合增速
0.5%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $919.1M | $1.2B |
| 净利润 | $90.4M | $103.6M |
| 毛利率 | 30.1% | — |
| 营业利润率 | 13.5% | 8.4% |
| 净利率 | 9.8% | 8.9% |
| 营收同比 | 1.4% | 123.5% |
| 净利润同比 | -21.3% | 103.7% |
| 每股收益（稀释后） | $2.40 | $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ENSRUN
| Q4 25 | $919.1M | $1.2B | ||
| Q3 25 | $951.3M | $724.6M | ||
| Q2 25 | $893.0M | $569.3M | ||
| Q1 25 | $974.8M | $504.3M | ||
| Q4 24 | $906.2M | $518.5M | ||
| Q3 24 | $883.7M | $537.2M | ||
| Q2 24 | $852.9M | $523.9M | ||
| Q1 24 | $910.7M | $458.2M |
净利润ENSRUN
| Q4 25 | $90.4M | $103.6M | ||
| Q3 25 | $68.4M | $16.6M | ||
| Q2 25 | $57.5M | $279.8M | ||
| Q1 25 | $96.5M | $50.0M | ||
| Q4 24 | $114.8M | $-2.8B | ||
| Q3 24 | $82.3M | $-83.8M | ||
| Q2 24 | $70.1M | $139.1M | ||
| Q1 24 | $60.9M | $-87.8M |
毛利率ENSRUN
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 28.4% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 32.9% | — | ||
| Q3 24 | 28.5% | — | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 27.9% | — |
营业利润率ENSRUN
| Q4 25 | 13.5% | 8.4% | ||
| Q3 25 | 9.7% | 0.5% | ||
| Q2 25 | 9.7% | -19.7% | ||
| Q1 25 | 13.5% | -22.8% | ||
| Q4 24 | 15.7% | -628.0% | ||
| Q3 24 | 11.2% | -23.8% | ||
| Q2 24 | 10.7% | -24.4% | ||
| Q1 24 | 8.9% | -40.0% |
净利率ENSRUN
| Q4 25 | 9.8% | 8.9% | ||
| Q3 25 | 7.2% | 2.3% | ||
| Q2 25 | 6.4% | 49.1% | ||
| Q1 25 | 9.9% | 9.9% | ||
| Q4 24 | 12.7% | -542.7% | ||
| Q3 24 | 9.3% | -15.6% | ||
| Q2 24 | 8.2% | 26.5% | ||
| Q1 24 | 6.7% | -19.2% |
每股收益（稀释后）ENSRUN
| Q4 25 | $2.40 | $0.38 | ||
| Q3 25 | $1.80 | $0.06 | ||
| Q2 25 | $1.46 | $1.07 | ||
| Q1 25 | $2.39 | $0.20 | ||
| Q4 24 | $2.88 | $-12.59 | ||
| Q3 24 | $2.01 | $-0.37 | ||
| Q2 24 | $1.71 | $0.55 | ||
| Q1 24 | $1.48 | $-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 | $450.1M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $1.9B | $3.1B |
| 总资产 | $4.0B | $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ENSRUN
| Q4 25 | $450.1M | — | ||
| Q3 25 | $388.6M | — | ||
| Q2 25 | $346.7M | — | ||
| Q1 25 | $343.1M | — | ||
| Q4 24 | $463.2M | — | ||
| Q3 24 | $407.9M | — | ||
| Q2 24 | $344.1M | — | ||
| Q1 24 | $333.3M | — |
总债务ENSRUN
| Q4 25 | — | $14.7B | ||
| Q3 25 | — | $14.6B | ||
| Q2 25 | — | $14.0B | ||
| Q1 25 | $1.1B | $13.6B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | — | $12.5B | ||
| Q2 24 | — | $12.0B | ||
| Q1 24 | $802.0M | $11.1B |
股东权益ENSRUN
| Q4 25 | $1.9B | $3.1B | ||
| Q3 25 | $1.9B | $3.0B | ||
| Q2 25 | $1.9B | $2.9B | ||
| Q1 25 | $1.9B | $2.6B | ||
| Q4 24 | $1.8B | $2.6B | ||
| Q3 24 | $1.8B | $5.3B | ||
| Q2 24 | $1.8B | $5.4B | ||
| Q1 24 | $1.8B | $5.2B |
总资产ENSRUN
| Q4 25 | $4.0B | $22.6B | ||
| Q3 25 | $4.1B | $22.2B | ||
| Q2 25 | $4.1B | $21.2B | ||
| Q1 25 | $4.0B | $20.4B | ||
| Q4 24 | $4.0B | $19.9B | ||
| Q3 24 | $4.0B | $22.1B | ||
| Q2 24 | $3.6B | $21.4B | ||
| Q1 24 | $3.5B | $20.8B |
负债/权益比ENSRUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | — | 4.90× | ||
| Q2 25 | — | 4.80× | ||
| Q1 25 | 0.57× | 5.19× | ||
| Q4 24 | — | 5.05× | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | 0.46× | 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 | $184.6M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $171.3M | — |
| 自由现金流率自由现金流/营收 | 18.6% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | 2.04× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $441.3M | — |
8季度趋势，按日历期对齐
经营现金流ENSRUN
| Q4 25 | $184.6M | $96.9M | ||
| Q3 25 | $218.0M | $-121.5M | ||
| Q2 25 | $968.0K | $-292.7M | ||
| Q1 25 | $135.2M | $-104.2M | ||
| Q4 24 | $81.1M | $-258.4M | ||
| Q3 24 | $33.6M | $-156.2M | ||
| Q2 24 | $10.4M | $-208.5M | ||
| Q1 24 | — | $-143.1M |
自由现金流ENSRUN
| Q4 25 | $171.3M | — | ||
| Q3 25 | $197.1M | — | ||
| Q2 25 | $-32.1M | — | ||
| Q1 25 | $104.9M | — | ||
| Q4 24 | $56.8M | — | ||
| Q3 24 | $3.3M | $-156.4M | ||
| Q2 24 | $-25.7M | — | ||
| Q1 24 | — | — |
自由现金流率ENSRUN
| Q4 25 | 18.6% | — | ||
| Q3 25 | 20.7% | — | ||
| Q2 25 | -3.6% | — | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 0.4% | -29.1% | ||
| Q2 24 | -3.0% | — | ||
| Q1 24 | — | — |
资本支出强度ENSRUN
| Q4 25 | 1.4% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.4% | 0.0% | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | — | — |
现金转化率ENSRUN
| Q4 25 | 2.04× | 0.94× | ||
| Q3 25 | 3.19× | -7.33× | ||
| Q2 25 | 0.02× | -1.05× | ||
| Q1 25 | 1.40× | -2.08× | ||
| Q4 24 | 0.71× | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.15× | -1.50× | ||
| Q1 24 | — | — |
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
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
