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Extra Space Storage（EXR）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Extra Space Storage的1.4倍（$1.2B vs $856.0M），Extra Space Storage净利率更高（28.2% vs 8.9%，领先19.2%），Sunrun Inc.同比增速更快（123.5% vs 4.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 2.8%）
Extra Space Storage是总部位于美国犹他州卡顿伍德高地的房地产投资信托基金，主营自助仓储设施投资运营。旗下运营多个仓储品牌，提供温控仓、可驶入单元、储物柜、船只/房车/企业仓储等服务，截至2024年3月，在全美43个州及华盛顿特区共运营3714处网点。
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。
EXR vs RUN — 直观对比
营收规模更大
RUN
是对方的1.4倍
$856.0M
营收增速更快
RUN
高出119.1%
4.4%
净利率更高
EXR
高出19.2%
8.9%
两年增速更快
RUN
近两年复合增速
2.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $856.0M | $1.2B |
| 净利润 | $241.0M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 42.9% | 8.4% |
| 净利率 | 28.2% | 8.9% |
| 营收同比 | 4.4% | 123.5% |
| 净利润同比 | -11.0% | 103.7% |
| 每股收益（稀释后） | $1.14 | $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EXRRUN
| Q1 26 | $856.0M | — | ||
| Q4 25 | $857.5M | $1.2B | ||
| Q3 25 | $858.5M | $724.6M | ||
| Q2 25 | $841.6M | $569.3M | ||
| Q1 25 | $820.0M | $504.3M | ||
| Q4 24 | $821.9M | $518.5M | ||
| Q3 24 | $824.8M | $537.2M | ||
| Q2 24 | $810.7M | $523.9M |
净利润EXRRUN
| Q1 26 | $241.0M | — | ||
| Q4 25 | $287.4M | $103.6M | ||
| Q3 25 | $166.0M | $16.6M | ||
| Q2 25 | $249.7M | $279.8M | ||
| Q1 25 | $270.9M | $50.0M | ||
| Q4 24 | $262.5M | $-2.8B | ||
| Q3 24 | $193.2M | $-83.8M | ||
| Q2 24 | $185.9M | $139.1M |
毛利率EXRRUN
| Q1 26 | — | — | ||
| Q4 25 | 73.0% | — | ||
| Q3 25 | 72.6% | — | ||
| Q2 25 | 73.0% | — | ||
| Q1 25 | 72.7% | — | ||
| Q4 24 | 73.1% | — | ||
| Q3 24 | 74.7% | — | ||
| Q2 24 | 75.7% | — |
营业利润率EXRRUN
| Q1 26 | 42.9% | — | ||
| Q4 25 | 43.3% | 8.4% | ||
| Q3 25 | 32.5% | 0.5% | ||
| Q2 25 | 44.4% | -19.7% | ||
| Q1 25 | 47.4% | -22.8% | ||
| Q4 24 | 46.2% | -628.0% | ||
| Q3 24 | 36.7% | -23.8% | ||
| Q2 24 | 37.6% | -24.4% |
净利率EXRRUN
| Q1 26 | 28.2% | — | ||
| Q4 25 | 33.5% | 8.9% | ||
| Q3 25 | 19.3% | 2.3% | ||
| Q2 25 | 29.7% | 49.1% | ||
| Q1 25 | 33.0% | 9.9% | ||
| Q4 24 | 31.9% | -542.7% | ||
| Q3 24 | 23.4% | -15.6% | ||
| Q2 24 | 22.9% | 26.5% |
每股收益（稀释后）EXRRUN
| Q1 26 | $1.14 | — | ||
| Q4 25 | $1.35 | $0.38 | ||
| Q3 25 | $0.78 | $0.06 | ||
| Q2 25 | $1.18 | $1.07 | ||
| Q1 25 | $1.28 | $0.20 | ||
| Q4 24 | $1.23 | $-12.59 | ||
| Q3 24 | $0.91 | $-0.37 | ||
| Q2 24 | $0.88 | $0.55 |
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 | $139.0M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | — | $3.1B |
| 总资产 | $29.1B | $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EXRRUN
| Q1 26 | $139.0M | — | ||
| Q4 25 | $138.9M | — | ||
| Q3 25 | $111.9M | — | ||
| Q2 25 | $125.0M | — | ||
| Q1 25 | $119.6M | — | ||
| Q4 24 | $138.2M | — | ||
| Q3 24 | $88.9M | — | ||
| Q2 24 | $77.0M | — |
总债务EXRRUN
| Q1 26 | — | — | ||
| 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 |
股东权益EXRRUN
| Q1 26 | — | — | ||
| Q4 25 | $13.4B | $3.1B | ||
| Q3 25 | $13.6B | $3.0B | ||
| Q2 25 | $13.8B | $2.9B | ||
| Q1 25 | $13.9B | $2.6B | ||
| Q4 24 | $13.9B | $2.6B | ||
| Q3 24 | $14.0B | $5.3B | ||
| Q2 24 | $14.2B | $5.4B |
总资产EXRRUN
| Q1 26 | $29.1B | — | ||
| Q4 25 | $29.3B | $22.6B | ||
| Q3 25 | $29.2B | $22.2B | ||
| Q2 25 | $29.4B | $21.2B | ||
| Q1 25 | $29.0B | $20.4B | ||
| Q4 24 | $28.8B | $19.9B | ||
| Q3 24 | $28.1B | $22.1B | ||
| Q2 24 | $27.8B | $21.4B |
负债/权益比EXRRUN
| Q1 26 | — | — | ||
| 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× |
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 | — | $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 | — | 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EXRRUN
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $96.9M | ||
| Q3 25 | $457.1M | $-121.5M | ||
| Q2 25 | $543.9M | $-292.7M | ||
| Q1 25 | $481.4M | $-104.2M | ||
| Q4 24 | $1.9B | $-258.4M | ||
| Q3 24 | $468.4M | $-156.2M | ||
| Q2 24 | $545.2M | $-208.5M |
自由现金流EXRRUN
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $444.2M | — | ||
| Q2 25 | $382.1M | — | ||
| Q1 25 | $345.4M | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $310.1M | $-156.4M | ||
| Q2 24 | $517.6M | — |
自由现金流率EXRRUN
| Q1 26 | — | — | ||
| Q4 25 | 186.5% | — | ||
| Q3 25 | 51.7% | — | ||
| Q2 25 | 45.4% | — | ||
| Q1 25 | 42.1% | — | ||
| Q4 24 | 198.2% | — | ||
| Q3 24 | 37.6% | -29.1% | ||
| Q2 24 | 63.8% | — |
资本支出强度EXRRUN
| Q1 26 | — | — | ||
| Q4 25 | 29.3% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 19.2% | — | ||
| Q1 25 | 16.6% | — | ||
| Q4 24 | 31.4% | — | ||
| Q3 24 | 19.2% | 0.0% | ||
| Q2 24 | 3.4% | — |
现金转化率EXRRUN
| Q1 26 | — | — | ||
| Q4 25 | 6.44× | 0.94× | ||
| Q3 25 | 2.75× | -7.33× | ||
| Q2 25 | 2.18× | -1.05× | ||
| Q1 25 | 1.78× | -2.08× | ||
| Q4 24 | 7.19× | — | ||
| Q3 24 | 2.42× | — | ||
| Q2 24 | 2.93× | -1.50× |
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
EXR
| Property rental | $733.2M | 86% |
| Tenant reinsurance | $89.1M | 10% |
| Management fees and other income | $33.7M | 4% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
