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英特格（ENTG）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.的季度营收约是英特格的1.4倍（$1.2B vs $823.9M），Sunrun Inc.净利率更高（8.9% vs 6.0%，领先2.9%），Sunrun Inc.同比增速更快（123.5% vs -3.1%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 3.4%）
英特格是面向半导体及其他高科技行业的材料供应商，全球员工约8000人，总部位于美国马萨诸塞州比勒里卡。公司在全球多国及地区布局生产、客户服务与研发设施，覆盖美国、加拿大、中国、德国、以色列、日本、马来西亚、新加坡、韩国、中国台湾等地。
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。
ENTG vs RUN — 直观对比
营收规模更大
RUN
是对方的1.4倍
$823.9M
营收增速更快
RUN
高出126.6%
-3.1%
净利率更高
RUN
高出2.9%
6.0%
两年增速更快
RUN
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $823.9M | $1.2B |
| 净利润 | $49.4M | $103.6M |
| 毛利率 | 43.8% | — |
| 营业利润率 | 12.7% | 8.4% |
| 净利率 | 6.0% | 8.9% |
| 营收同比 | -3.1% | 123.5% |
| 净利润同比 | -51.7% | 103.7% |
| 每股收益（稀释后） | $0.33 | $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ENTGRUN
| Q4 25 | $823.9M | $1.2B | ||
| Q3 25 | $807.1M | $724.6M | ||
| Q2 25 | $792.4M | $569.3M | ||
| Q1 25 | $773.2M | $504.3M | ||
| Q4 24 | $849.8M | $518.5M | ||
| Q3 24 | $807.7M | $537.2M | ||
| Q2 24 | $812.7M | $523.9M | ||
| Q1 24 | $771.0M | $458.2M |
净利润ENTGRUN
| Q4 25 | $49.4M | $103.6M | ||
| Q3 25 | $70.5M | $16.6M | ||
| Q2 25 | $52.8M | $279.8M | ||
| Q1 25 | $62.9M | $50.0M | ||
| Q4 24 | $102.2M | $-2.8B | ||
| Q3 24 | $77.6M | $-83.8M | ||
| Q2 24 | $67.7M | $139.1M | ||
| Q1 24 | $45.3M | $-87.8M |
毛利率ENTGRUN
| Q4 25 | 43.8% | — | ||
| Q3 25 | 43.5% | — | ||
| Q2 25 | 44.4% | — | ||
| Q1 25 | 46.1% | — | ||
| Q4 24 | 45.6% | — | ||
| Q3 24 | 46.0% | — | ||
| Q2 24 | 46.2% | — | ||
| Q1 24 | 45.6% | — |
营业利润率ENTGRUN
| Q4 25 | 12.7% | 8.4% | ||
| Q3 25 | 15.2% | 0.5% | ||
| Q2 25 | 13.4% | -19.7% | ||
| Q1 25 | 15.8% | -22.8% | ||
| Q4 24 | 17.6% | -628.0% | ||
| Q3 24 | 16.9% | -23.8% | ||
| Q2 24 | 16.0% | -24.4% | ||
| Q1 24 | 15.3% | -40.0% |
净利率ENTGRUN
| Q4 25 | 6.0% | 8.9% | ||
| Q3 25 | 8.7% | 2.3% | ||
| Q2 25 | 6.7% | 49.1% | ||
| Q1 25 | 8.1% | 9.9% | ||
| Q4 24 | 12.0% | -542.7% | ||
| Q3 24 | 9.6% | -15.6% | ||
| Q2 24 | 8.3% | 26.5% | ||
| Q1 24 | 5.9% | -19.2% |
每股收益（稀释后）ENTGRUN
| Q4 25 | $0.33 | $0.38 | ||
| Q3 25 | $0.46 | $0.06 | ||
| Q2 25 | $0.35 | $1.07 | ||
| Q1 25 | $0.41 | $0.20 | ||
| Q4 24 | $0.67 | $-12.59 | ||
| Q3 24 | $0.51 | $-0.37 | ||
| Q2 24 | $0.45 | $0.55 | ||
| Q1 24 | $0.30 | $-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 | $360.4M | — |
| 总债务越低越好 | $3.7B | $14.7B |
| 股东权益账面价值 | $4.0B | $3.1B |
| 总资产 | $8.4B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.94× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资ENTGRUN
| Q4 25 | $360.4M | — | ||
| Q3 25 | $399.8M | — | ||
| Q2 25 | $376.8M | — | ||
| Q1 25 | $340.9M | — | ||
| Q4 24 | $329.2M | — | ||
| Q3 24 | $432.1M | — | ||
| Q2 24 | $320.0M | — | ||
| Q1 24 | $340.7M | — |
总债务ENTGRUN
| Q4 25 | $3.7B | $14.7B | ||
| Q3 25 | $3.8B | $14.6B | ||
| Q2 25 | $4.0B | $14.0B | ||
| Q1 25 | $4.0B | $13.6B | ||
| Q4 24 | $4.0B | $12.9B | ||
| Q3 24 | $4.1B | $12.5B | ||
| Q2 24 | $4.1B | $12.0B | ||
| Q1 24 | $4.2B | $11.1B |
股东权益ENTGRUN
| Q4 25 | $4.0B | $3.1B | ||
| Q3 25 | $3.9B | $3.0B | ||
| Q2 25 | $3.8B | $2.9B | ||
| Q1 25 | $3.7B | $2.6B | ||
| Q4 24 | $3.7B | $2.6B | ||
| Q3 24 | $3.6B | $5.3B | ||
| Q2 24 | $3.5B | $5.4B | ||
| Q1 24 | $3.4B | $5.2B |
总资产ENTGRUN
| Q4 25 | $8.4B | $22.6B | ||
| Q3 25 | $8.4B | $22.2B | ||
| Q2 25 | $8.4B | $21.2B | ||
| Q1 25 | $8.4B | $20.4B | ||
| Q4 24 | $8.4B | $19.9B | ||
| Q3 24 | $8.5B | $22.1B | ||
| Q2 24 | $8.3B | $21.4B | ||
| Q1 24 | $8.4B | $20.8B |
负债/权益比ENTGRUN
| Q4 25 | 0.94× | 4.69× | ||
| Q3 25 | 0.99× | 4.90× | ||
| Q2 25 | 1.05× | 4.80× | ||
| Q1 25 | 1.06× | 5.19× | ||
| Q4 24 | 1.08× | 5.05× | ||
| Q3 24 | 1.15× | 2.36× | ||
| Q2 24 | 1.18× | 2.23× | ||
| Q1 24 | 1.22× | 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 | $192.0M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $134.0M | — |
| 自由现金流率自由现金流/营收 | 16.3% | — |
| 资本支出强度资本支出/营收 | 7.0% | — |
| 现金转化率经营现金流/净利润 | 3.89× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $396.2M | — |
8季度趋势，按日历期对齐
经营现金流ENTGRUN
| Q4 25 | $192.0M | $96.9M | ||
| Q3 25 | $249.5M | $-121.5M | ||
| Q2 25 | $113.5M | $-292.7M | ||
| Q1 25 | $140.4M | $-104.2M | ||
| Q4 24 | $176.1M | $-258.4M | ||
| Q3 24 | $197.2M | $-156.2M | ||
| Q2 24 | $111.2M | $-208.5M | ||
| Q1 24 | $147.2M | $-143.1M |
自由现金流ENTGRUN
| Q4 25 | $134.0M | — | ||
| Q3 25 | $182.8M | — | ||
| Q2 25 | $47.0M | — | ||
| Q1 25 | $32.4M | — | ||
| Q4 24 | $68.6M | — | ||
| Q3 24 | $115.0M | $-156.4M | ||
| Q2 24 | $51.9M | — | ||
| Q1 24 | $80.6M | — |
自由现金流率ENTGRUN
| Q4 25 | 16.3% | — | ||
| Q3 25 | 22.6% | — | ||
| Q2 25 | 5.9% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | 14.2% | -29.1% | ||
| Q2 24 | 6.4% | — | ||
| Q1 24 | 10.4% | — |
资本支出强度ENTGRUN
| Q4 25 | 7.0% | — | ||
| Q3 25 | 8.3% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 14.0% | — | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 10.2% | 0.0% | ||
| Q2 24 | 7.3% | — | ||
| Q1 24 | 8.6% | — |
现金转化率ENTGRUN
| Q4 25 | 3.89× | 0.94× | ||
| Q3 25 | 3.54× | -7.33× | ||
| Q2 25 | 2.15× | -1.05× | ||
| Q1 25 | 2.23× | -2.08× | ||
| Q4 24 | 1.72× | — | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | 1.64× | -1.50× | ||
| Q1 24 | 3.25× | — |
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
ENTG
| Fabs | $516.3M | 63% |
| Equipment And Engineering | $121.8M | 15% |
| Chemical And Materials | $83.8M | 10% |
| Other | $61.7M | 7% |
| Non Semi | $40.3M | 5% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
