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Equity Residential（EQR）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Equity Residential的1.5倍（$1.2B vs $781.9M），Equity Residential净利率更高（48.9% vs 8.9%，领先39.9%），Sunrun Inc.同比增速更快（123.5% vs 2.0%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 3.4%）
Equity Residential是总部位于美国的公开上市房地产投资信托基金（REIT），核心业务聚焦公寓类不动产投资，在全美多地持有大量优质公寓资产，深耕租赁住房市场，拥有成熟的运营管理经验和突出的行业竞争优势。
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。
EQR vs RUN — 直观对比
营收规模更大
RUN
是对方的1.5倍
$781.9M
营收增速更快
RUN
高出121.5%
2.0%
净利率更高
EQR
高出39.9%
8.9%
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 | $781.9M | $1.2B |
| 净利润 | $382.1M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 50.6% | 8.4% |
| 净利率 | 48.9% | 8.9% |
| 营收同比 | 2.0% | 123.5% |
| 净利润同比 | -8.8% | 103.7% |
| 每股收益（稀释后） | $1.01 | $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EQRRUN
| Q4 25 | $781.9M | $1.2B | ||
| Q3 25 | $782.4M | $724.6M | ||
| Q2 25 | $768.8M | $569.3M | ||
| Q1 25 | $760.8M | $504.3M | ||
| Q4 24 | $766.8M | $518.5M | ||
| Q3 24 | $748.3M | $537.2M | ||
| Q2 24 | $734.2M | $523.9M | ||
| Q1 24 | $730.8M | $458.2M |
净利润EQRRUN
| Q4 25 | $382.1M | $103.6M | ||
| Q3 25 | $289.1M | $16.6M | ||
| Q2 25 | $192.4M | $279.8M | ||
| Q1 25 | $256.6M | $50.0M | ||
| Q4 24 | $419.1M | $-2.8B | ||
| Q3 24 | $143.4M | $-83.8M | ||
| Q2 24 | $177.5M | $139.1M | ||
| Q1 24 | $295.8M | $-87.8M |
营业利润率EQRRUN
| Q4 25 | 50.6% | 8.4% | ||
| Q3 25 | 38.5% | 0.5% | ||
| Q2 25 | 26.6% | -19.7% | ||
| Q1 25 | 35.7% | -22.8% | ||
| Q4 24 | 57.2% | -628.0% | ||
| Q3 24 | 20.1% | -23.8% | ||
| Q2 24 | 25.3% | -24.4% | ||
| Q1 24 | 42.0% | -40.0% |
净利率EQRRUN
| Q4 25 | 48.9% | 8.9% | ||
| Q3 25 | 36.9% | 2.3% | ||
| Q2 25 | 25.0% | 49.1% | ||
| Q1 25 | 33.7% | 9.9% | ||
| Q4 24 | 54.7% | -542.7% | ||
| Q3 24 | 19.2% | -15.6% | ||
| Q2 24 | 24.2% | 26.5% | ||
| Q1 24 | 40.5% | -19.2% |
每股收益（稀释后）EQRRUN
| Q4 25 | $1.01 | $0.38 | ||
| Q3 25 | $0.76 | $0.06 | ||
| Q2 25 | $0.50 | $1.07 | ||
| Q1 25 | $0.67 | $0.20 | ||
| Q4 24 | $1.10 | $-12.59 | ||
| Q3 24 | $0.38 | $-0.37 | ||
| Q2 24 | $0.47 | $0.55 | ||
| Q1 24 | $0.77 | $-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 | $55.9M | — |
| 总债务越低越好 | $8.2B | $14.7B |
| 股东权益账面价值 | $11.0B | $3.1B |
| 总资产 | $20.7B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.75× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资EQRRUN
| Q4 25 | $55.9M | — | ||
| Q3 25 | $93.1M | — | ||
| Q2 25 | $31.3M | — | ||
| Q1 25 | $39.8M | — | ||
| Q4 24 | $62.3M | — | ||
| Q3 24 | $28.6M | — | ||
| Q2 24 | $38.3M | — | ||
| Q1 24 | $44.5M | — |
总债务EQRRUN
| Q4 25 | $8.2B | $14.7B | ||
| Q3 25 | — | $14.6B | ||
| Q2 25 | — | $14.0B | ||
| Q1 25 | — | $13.6B | ||
| Q4 24 | $8.2B | $12.9B | ||
| Q3 24 | — | $12.5B | ||
| Q2 24 | — | $12.0B | ||
| Q1 24 | — | $11.1B |
股东权益EQRRUN
| Q4 25 | $11.0B | $3.1B | ||
| Q3 25 | $11.1B | $3.0B | ||
| Q2 25 | $11.0B | $2.9B | ||
| Q1 25 | $11.0B | $2.6B | ||
| Q4 24 | $11.0B | $2.6B | ||
| Q3 24 | $10.9B | $5.3B | ||
| Q2 24 | $11.0B | $5.4B | ||
| Q1 24 | $11.1B | $5.2B |
总资产EQRRUN
| Q4 25 | $20.7B | $22.6B | ||
| Q3 25 | $21.1B | $22.2B | ||
| Q2 25 | $21.0B | $21.2B | ||
| Q1 25 | $20.6B | $20.4B | ||
| Q4 24 | $20.8B | $19.9B | ||
| Q3 24 | $20.9B | $22.1B | ||
| Q2 24 | $19.8B | $21.4B | ||
| Q1 24 | $19.9B | $20.8B |
负债/权益比EQRRUN
| Q4 25 | 0.75× | 4.69× | ||
| Q3 25 | — | 4.90× | ||
| Q2 25 | — | 4.80× | ||
| Q1 25 | — | 5.19× | ||
| Q4 24 | 0.74× | 5.05× | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | — | 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 | $387.0M | $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 | 1.01× | 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EQRRUN
| Q4 25 | $387.0M | $96.9M | ||
| Q3 25 | $476.7M | $-121.5M | ||
| Q2 25 | $359.5M | $-292.7M | ||
| Q1 25 | $425.5M | $-104.2M | ||
| Q4 24 | $354.2M | $-258.4M | ||
| Q3 24 | $401.4M | $-156.2M | ||
| Q2 24 | $396.9M | $-208.5M | ||
| Q1 24 | $421.0M | $-143.1M |
自由现金流EQRRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-156.4M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率EQRRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -29.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度EQRRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率EQRRUN
| Q4 25 | 1.01× | 0.94× | ||
| Q3 25 | 1.65× | -7.33× | ||
| Q2 25 | 1.87× | -1.05× | ||
| Q1 25 | 1.66× | -2.08× | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 2.80× | — | ||
| Q2 24 | 2.24× | -1.50× | ||
| Q1 24 | 1.42× | — |
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
EQR
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% |
