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Enovix Corp（ENVX）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Enovix Corp的102.9倍（$1.2B vs $11.3M）。Sunrun Inc.净利率更高（8.9% vs -310.6%，领先319.5%）。Sunrun Inc.同比增速更快（123.5% vs 15.9%）。过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 46.2%）
Enovix Corp是一家领先的先进电池技术企业，专注于研发和生产高能量密度3D硅负极锂离子电池，产品应用覆盖消费电子、可穿戴设备、电动汽车及可再生能源存储领域，服务全球多个区域市场。
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。
ENVX vs RUN — 直观对比
营收规模更大
RUN
是对方的102.9倍
$11.3M
营收增速更快
RUN
高出107.6%
15.9%
净利率更高
RUN
高出319.5%
-310.6%
两年增速更快
RUN
近两年复合增速
46.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $11.3M | $1.2B |
| 净利润 | $-35.0M | $103.6M |
| 毛利率 | 22.2% | — |
| 营业利润率 | -390.5% | 8.4% |
| 净利率 | -310.6% | 8.9% |
| 营收同比 | 15.9% | 123.5% |
| 净利润同比 | 6.6% | 103.7% |
| 每股收益（稀释后） | $-0.14 | $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ENVXRUN
| Q4 25 | $11.3M | $1.2B | ||
| Q3 25 | $8.0M | $724.6M | ||
| Q2 25 | $7.5M | $569.3M | ||
| Q1 25 | $5.1M | $504.3M | ||
| Q4 24 | $9.7M | $518.5M | ||
| Q3 24 | $4.3M | $537.2M | ||
| Q2 24 | $3.8M | $523.9M | ||
| Q1 24 | $5.3M | $458.2M |
净利润ENVXRUN
| Q4 25 | $-35.0M | $103.6M | ||
| Q3 25 | $-53.7M | $16.6M | ||
| Q2 25 | $-44.5M | $279.8M | ||
| Q1 25 | $-23.5M | $50.0M | ||
| Q4 24 | $-37.5M | $-2.8B | ||
| Q3 24 | $-22.5M | $-83.8M | ||
| Q2 24 | $-115.9M | $139.1M | ||
| Q1 24 | $-46.4M | $-87.8M |
毛利率ENVXRUN
| Q4 25 | 22.2% | — | ||
| Q3 25 | 17.5% | — | ||
| Q2 25 | 26.0% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | -14.9% | — | ||
| Q2 24 | -17.4% | — | ||
| Q1 24 | -34.1% | — |
营业利润率ENVXRUN
| Q4 25 | -390.5% | 8.4% | ||
| Q3 25 | -587.9% | 0.5% | ||
| Q2 25 | -585.6% | -19.7% | ||
| Q1 25 | -834.8% | -22.8% | ||
| Q4 24 | -355.2% | -628.0% | ||
| Q3 24 | -1141.2% | -23.8% | ||
| Q2 24 | -2355.4% | -24.4% | ||
| Q1 24 | -1330.3% | -40.0% |
净利率ENVXRUN
| Q4 25 | -310.6% | 8.9% | ||
| Q3 25 | -672.3% | 2.3% | ||
| Q2 25 | -596.3% | 49.1% | ||
| Q1 25 | -461.2% | 9.9% | ||
| Q4 24 | -385.6% | -542.7% | ||
| Q3 24 | -522.0% | -15.6% | ||
| Q2 24 | -3075.2% | 26.5% | ||
| Q1 24 | -879.5% | -19.2% |
每股收益（稀释后）ENVXRUN
| Q4 25 | $-0.14 | $0.38 | ||
| Q3 25 | $-0.27 | $0.06 | ||
| Q2 25 | $-0.22 | $1.07 | ||
| Q1 25 | $-0.12 | $0.20 | ||
| Q4 24 | $0.00 | $-12.59 | ||
| Q3 24 | $-0.28 | $-0.37 | ||
| Q2 24 | $-0.63 | $0.55 | ||
| Q1 24 | $-0.28 | $-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 | $512.0M | — |
| 总债务越低越好 | $519.5M | $14.7B |
| 股东权益账面价值 | $271.2M | $3.1B |
| 总资产 | $879.0M | $22.6B |
| 负债/权益比越低杠杆越低 | 1.92× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资ENVXRUN
| Q4 25 | $512.0M | — | ||
| Q3 25 | $558.8M | — | ||
| Q2 25 | $203.4M | — | ||
| Q1 25 | $248.2M | — | ||
| Q4 24 | $272.9M | — | ||
| Q3 24 | $200.9M | — | ||
| Q2 24 | $249.9M | — | ||
| Q1 24 | $262.4M | — |
总债务ENVXRUN
| Q4 25 | $519.5M | $14.7B | ||
| Q3 25 | $518.6M | $14.6B | ||
| Q2 25 | $169.7M | $14.0B | ||
| Q1 25 | $169.4M | $13.6B | ||
| Q4 24 | $170.0M | $12.9B | ||
| Q3 24 | $168.9M | $12.5B | ||
| Q2 24 | $170.1M | $12.0B | ||
| Q1 24 | $169.8M | $11.1B |
股东权益ENVXRUN
| Q4 25 | $271.2M | $3.1B | ||
| Q3 25 | $294.3M | $3.0B | ||
| Q2 25 | $203.7M | $2.9B | ||
| Q1 25 | $235.1M | $2.6B | ||
| Q4 24 | $246.7M | $2.6B | ||
| Q3 24 | $167.6M | $5.3B | ||
| Q2 24 | $170.3M | $5.4B | ||
| Q1 24 | $229.3M | $5.2B |
总资产ENVXRUN
| Q4 25 | $879.0M | $22.6B | ||
| Q3 25 | $913.7M | $22.2B | ||
| Q2 25 | $469.1M | $21.2B | ||
| Q1 25 | $499.0M | $20.4B | ||
| Q4 24 | $527.2M | $19.9B | ||
| Q3 24 | $448.0M | $22.1B | ||
| Q2 24 | $489.0M | $21.4B | ||
| Q1 24 | $508.9M | $20.8B |
负债/权益比ENVXRUN
| Q4 25 | 1.92× | 4.69× | ||
| Q3 25 | 1.76× | 4.90× | ||
| Q2 25 | 0.83× | 4.80× | ||
| Q1 25 | 0.72× | 5.19× | ||
| Q4 24 | 0.69× | 5.05× | ||
| Q3 24 | 1.01× | 2.36× | ||
| Q2 24 | 1.00× | 2.23× | ||
| Q1 24 | 0.74× | 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 | $-27.0M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $-28.0M | — |
| 自由现金流率自由现金流/营收 | -248.6% | — |
| 资本支出强度资本支出/营收 | 8.9% | — |
| 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 | $-113.5M | — |
8季度趋势，按日历期对齐
经营现金流ENVXRUN
| Q4 25 | $-27.0M | $96.9M | ||
| Q3 25 | $-25.5M | $-121.5M | ||
| Q2 25 | $-25.9M | $-292.7M | ||
| Q1 25 | $-16.9M | $-104.2M | ||
| Q4 24 | $-16.0M | $-258.4M | ||
| Q3 24 | $-30.7M | $-156.2M | ||
| Q2 24 | $-26.9M | $-208.5M | ||
| Q1 24 | $-35.0M | $-143.1M |
自由现金流ENVXRUN
| Q4 25 | $-28.0M | — | ||
| Q3 25 | $-28.5M | — | ||
| Q2 25 | $-33.8M | — | ||
| Q1 25 | $-23.2M | — | ||
| Q4 24 | $-32.3M | — | ||
| Q3 24 | $-50.2M | $-156.4M | ||
| Q2 24 | $-52.2M | — | ||
| Q1 24 | $-50.1M | — |
自由现金流率ENVXRUN
| Q4 25 | -248.6% | — | ||
| Q3 25 | -356.7% | — | ||
| Q2 25 | -453.0% | — | ||
| Q1 25 | -454.7% | — | ||
| Q4 24 | -332.6% | — | ||
| Q3 24 | -1163.2% | -29.1% | ||
| Q2 24 | -1384.2% | — | ||
| Q1 24 | -950.9% | — |
资本支出强度ENVXRUN
| Q4 25 | 8.9% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 106.7% | — | ||
| Q1 25 | 123.0% | — | ||
| Q4 24 | 168.3% | — | ||
| Q3 24 | 452.5% | 0.0% | ||
| Q2 24 | 669.0% | — | ||
| Q1 24 | 286.2% | — |
现金转化率ENVXRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -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
ENVX
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% |
