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Evergy（EVRG）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Evergy的季度营收约是Sunrun Inc.的1.1倍（$1.3B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs 6.5%，领先2.4%），Sunrun Inc.同比增速更快（123.5% vs 5.3%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 0.4%）
Evergy Inc.是美国投资者所有的上市公用事业企业，总部位于堪萨斯州托皮卡和密苏里州堪萨斯城。公司由托皮卡的Westar Energy与堪萨斯城电力与照明公司的母公司Great Plains Energy合并组建，是堪萨斯州规模最大的电力公司，为两州超过170万户住宅、商业及工业客户提供供电服务。
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。
EVRG vs RUN — 直观对比
营收规模更大
EVRG
是对方的1.1倍
$1.2B
营收增速更快
RUN
高出118.2%
5.3%
净利率更高
RUN
高出2.4%
6.5%
两年增速更快
RUN
近两年复合增速
0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $84.3M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 18.5% | 8.4% |
| 净利率 | 6.5% | 8.9% |
| 营收同比 | 5.3% | 123.5% |
| 净利润同比 | 7.8% | 103.7% |
| 每股收益（稀释后） | $0.35 | $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EVRGRUN
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.8B | $724.6M | ||
| Q2 25 | $1.4B | $569.3M | ||
| Q1 25 | $1.3B | $504.3M | ||
| Q4 24 | $1.2B | $518.5M | ||
| Q3 24 | $1.8B | $537.2M | ||
| Q2 24 | $1.4B | $523.9M | ||
| Q1 24 | $1.3B | $458.2M |
净利润EVRGRUN
| Q4 25 | $84.3M | $103.6M | ||
| Q3 25 | $475.0M | $16.6M | ||
| Q2 25 | $171.3M | $279.8M | ||
| Q1 25 | $125.0M | $50.0M | ||
| Q4 24 | $78.2M | $-2.8B | ||
| Q3 24 | $465.6M | $-83.8M | ||
| Q2 24 | $207.0M | $139.1M | ||
| Q1 24 | $122.7M | $-87.8M |
营业利润率EVRGRUN
| Q4 25 | 18.5% | 8.4% | ||
| Q3 25 | 37.3% | 0.5% | ||
| Q2 25 | 25.4% | -19.7% | ||
| Q1 25 | 22.5% | -22.8% | ||
| Q4 24 | 18.1% | -628.0% | ||
| Q3 24 | 35.1% | -23.8% | ||
| Q2 24 | 25.4% | -24.4% | ||
| Q1 24 | 20.3% | -40.0% |
净利率EVRGRUN
| Q4 25 | 6.5% | 8.9% | ||
| Q3 25 | 26.9% | 2.3% | ||
| Q2 25 | 12.6% | 49.1% | ||
| Q1 25 | 9.7% | 9.9% | ||
| Q4 24 | 6.4% | -542.7% | ||
| Q3 24 | 26.0% | -15.6% | ||
| Q2 24 | 14.7% | 26.5% | ||
| Q1 24 | 9.6% | -19.2% |
每股收益（稀释后）EVRGRUN
| Q4 25 | $0.35 | $0.38 | ||
| Q3 25 | $2.03 | $0.06 | ||
| Q2 25 | $0.74 | $1.07 | ||
| Q1 25 | $0.54 | $0.20 | ||
| Q4 24 | $0.34 | $-12.59 | ||
| Q3 24 | $2.02 | $-0.37 | ||
| Q2 24 | $0.90 | $0.55 | ||
| Q1 24 | $0.53 | $-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 | $19.8M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $10.2B | $3.1B |
| 总资产 | $33.9B | $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EVRGRUN
| Q4 25 | $19.8M | — | ||
| Q3 25 | $27.5M | — | ||
| Q2 25 | $27.8M | — | ||
| Q1 25 | $35.3M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $34.6M | — | ||
| Q2 24 | $26.1M | — | ||
| Q1 24 | $63.7M | — |
总债务EVRGRUN
| Q4 25 | — | $14.7B | ||
| Q3 25 | — | $14.6B | ||
| Q2 25 | — | $14.0B | ||
| Q1 25 | — | $13.6B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | — | $12.5B | ||
| Q2 24 | — | $12.0B | ||
| Q1 24 | — | $11.1B |
股东权益EVRGRUN
| Q4 25 | $10.2B | $3.1B | ||
| Q3 25 | $10.3B | $3.0B | ||
| Q2 25 | $10.0B | $2.9B | ||
| Q1 25 | $9.9B | $2.6B | ||
| Q4 24 | $10.0B | $2.6B | ||
| Q3 24 | $10.0B | $5.3B | ||
| Q2 24 | $9.7B | $5.4B | ||
| Q1 24 | $9.6B | $5.2B |
总资产EVRGRUN
| Q4 25 | $33.9B | $22.6B | ||
| Q3 25 | $33.4B | $22.2B | ||
| Q2 25 | $32.9B | $21.2B | ||
| Q1 25 | $32.5B | $20.4B | ||
| Q4 24 | $32.3B | $19.9B | ||
| Q3 24 | $32.1B | $22.1B | ||
| Q2 24 | $31.8B | $21.4B | ||
| Q1 24 | $31.3B | $20.8B |
负债/权益比EVRGRUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | — | 4.90× | ||
| Q2 25 | — | 4.80× | ||
| Q1 25 | — | 5.19× | ||
| Q4 24 | — | 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 | $334.0M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $-530.5M | — |
| 自由现金流率自由现金流/营收 | -41.1% | — |
| 资本支出强度资本支出/营收 | 66.9% | — |
| 现金转化率经营现金流/净利润 | 3.96× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $-751.7M | — |
8季度趋势，按日历期对齐
经营现金流EVRGRUN
| Q4 25 | $334.0M | $96.9M | ||
| Q3 25 | $937.7M | $-121.5M | ||
| Q2 25 | $323.9M | $-292.7M | ||
| Q1 25 | $449.6M | $-104.2M | ||
| Q4 24 | $395.6M | $-258.4M | ||
| Q3 24 | $953.3M | $-156.2M | ||
| Q2 24 | $317.5M | $-208.5M | ||
| Q1 24 | $317.3M | $-143.1M |
自由现金流EVRGRUN
| Q4 25 | $-530.5M | — | ||
| Q3 25 | $225.4M | — | ||
| Q2 25 | $-303.4M | — | ||
| Q1 25 | $-143.2M | — | ||
| Q4 24 | $-118.6M | — | ||
| Q3 24 | $427.0M | $-156.4M | ||
| Q2 24 | $-360.0M | — | ||
| Q1 24 | $-301.3M | — |
自由现金流率EVRGRUN
| Q4 25 | -41.1% | — | ||
| Q3 25 | 12.8% | — | ||
| Q2 25 | -22.4% | — | ||
| Q1 25 | -11.1% | — | ||
| Q4 24 | -9.7% | — | ||
| Q3 24 | 23.9% | -29.1% | ||
| Q2 24 | -25.6% | — | ||
| Q1 24 | -23.5% | — |
资本支出强度EVRGRUN
| Q4 25 | 66.9% | — | ||
| Q3 25 | 40.4% | — | ||
| Q2 25 | 46.3% | — | ||
| Q1 25 | 45.8% | — | ||
| Q4 24 | 41.9% | — | ||
| Q3 24 | 29.4% | 0.0% | ||
| Q2 24 | 48.1% | — | ||
| Q1 24 | 48.3% | — |
现金转化率EVRGRUN
| Q4 25 | 3.96× | 0.94× | ||
| Q3 25 | 1.97× | -7.33× | ||
| Q2 25 | 1.89× | -1.05× | ||
| Q1 25 | 3.60× | -2.08× | ||
| Q4 24 | 5.06× | — | ||
| Q3 24 | 2.05× | — | ||
| Q2 24 | 1.53× | -1.50× | ||
| Q1 24 | 2.59× | — |
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
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
