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Fortune Brands Innovations, Inc.（FBIN）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Fortune Brands Innovations, Inc.的1.1倍（$1.2B vs $1.1B），Sunrun Inc.净利率更高（8.9% vs 7.1%，领先1.9%），Sunrun Inc.同比增速更快（123.5% vs -2.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -1.5%）
Fortune Brands Innovations是美国家居及安防产品生产商，总部位于伊利诺伊州迪尔菲尔德，位列财富500强及标普400指数。旗下拥有摩恩、House of Rohl、玛斯特锁等知名品牌，业务覆盖厨卫、户外用品、安防、橱柜制造等领域，2021年底全球员工约2.8万人。
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。
FBIN vs RUN — 直观对比
营收规模更大
RUN
是对方的1.1倍
$1.1B
营收增速更快
RUN
高出125.9%
-2.4%
净利率更高
RUN
高出1.9%
7.1%
两年增速更快
RUN
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $76.3M | $103.6M |
| 毛利率 | 43.8% | — |
| 营业利润率 | 11.3% | 8.4% |
| 净利率 | 7.1% | 8.9% |
| 营收同比 | -2.4% | 123.5% |
| 净利润同比 | -27.3% | 103.7% |
| 每股收益（稀释后） | $0.63 | $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FBINRUN
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $724.6M | ||
| Q2 25 | $1.2B | $569.3M | ||
| Q1 25 | $1.0B | $504.3M | ||
| Q4 24 | $1.1B | $518.5M | ||
| Q3 24 | $1.2B | $537.2M | ||
| Q2 24 | $1.2B | $523.9M | ||
| Q1 24 | $1.1B | $458.2M |
净利润FBINRUN
| Q4 25 | $76.3M | $103.6M | ||
| Q3 25 | $70.8M | $16.6M | ||
| Q2 25 | $100.3M | $279.8M | ||
| Q1 25 | $51.4M | $50.0M | ||
| Q4 24 | $105.0M | $-2.8B | ||
| Q3 24 | $136.6M | $-83.8M | ||
| Q2 24 | $133.9M | $139.1M | ||
| Q1 24 | $96.4M | $-87.8M |
毛利率FBINRUN
| Q4 25 | 43.8% | — | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.1% | — | ||
| Q1 25 | 44.0% | — | ||
| Q4 24 | 46.0% | — | ||
| Q3 24 | 45.9% | — | ||
| Q2 24 | 43.6% | — | ||
| Q1 24 | 43.9% | — |
营业利润率FBINRUN
| Q4 25 | 11.3% | 8.4% | ||
| Q3 25 | 11.0% | 0.5% | ||
| Q2 25 | 14.3% | -19.7% | ||
| Q1 25 | 9.4% | -22.8% | ||
| Q4 24 | 16.1% | -628.0% | ||
| Q3 24 | 17.8% | -23.8% | ||
| Q2 24 | 16.1% | -24.4% | ||
| Q1 24 | 14.0% | -40.0% |
净利率FBINRUN
| Q4 25 | 7.1% | 8.9% | ||
| Q3 25 | 6.2% | 2.3% | ||
| Q2 25 | 8.3% | 49.1% | ||
| Q1 25 | 5.0% | 9.9% | ||
| Q4 24 | 9.5% | -542.7% | ||
| Q3 24 | 11.8% | -15.6% | ||
| Q2 24 | 10.8% | 26.5% | ||
| Q1 24 | 8.7% | -19.2% |
每股收益（稀释后）FBINRUN
| Q4 25 | $0.63 | $0.38 | ||
| Q3 25 | $0.59 | $0.06 | ||
| Q2 25 | $0.83 | $1.07 | ||
| Q1 25 | $0.42 | $0.20 | ||
| Q4 24 | $0.84 | $-12.59 | ||
| Q3 24 | $1.09 | $-0.37 | ||
| Q2 24 | $1.06 | $0.55 | ||
| Q1 24 | $0.76 | $-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 | $264.0M | — |
| 总债务越低越好 | $2.5B | $14.7B |
| 股东权益账面价值 | $2.4B | $3.1B |
| 总资产 | $6.5B | $22.6B |
| 负债/权益比越低杠杆越低 | 1.07× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资FBINRUN
| Q4 25 | $264.0M | — | ||
| Q3 25 | $223.9M | — | ||
| Q2 25 | $234.7M | — | ||
| Q1 25 | $340.0M | — | ||
| Q4 24 | $381.1M | — | ||
| Q3 24 | $344.8M | — | ||
| Q2 24 | $352.6M | — | ||
| Q1 24 | $359.7M | — |
总债务FBINRUN
| Q4 25 | $2.5B | $14.7B | ||
| Q3 25 | $2.2B | $14.6B | ||
| Q2 25 | $2.2B | $14.0B | ||
| Q1 25 | $2.7B | $13.6B | ||
| Q4 24 | $2.7B | $12.9B | ||
| Q3 24 | $2.7B | $12.5B | ||
| Q2 24 | $2.7B | $12.0B | ||
| Q1 24 | $2.7B | $11.1B |
股东权益FBINRUN
| Q4 25 | $2.4B | $3.1B | ||
| Q3 25 | $2.4B | $3.0B | ||
| Q2 25 | $2.3B | $2.9B | ||
| Q1 25 | $2.3B | $2.6B | ||
| Q4 24 | $2.4B | $2.6B | ||
| Q3 24 | $2.4B | $5.3B | ||
| Q2 24 | $2.3B | $5.4B | ||
| Q1 24 | $2.3B | $5.2B |
总资产FBINRUN
| Q4 25 | $6.5B | $22.6B | ||
| Q3 25 | $6.5B | $22.2B | ||
| Q2 25 | $6.6B | $21.2B | ||
| Q1 25 | $6.6B | $20.4B | ||
| Q4 24 | $6.6B | $19.9B | ||
| Q3 24 | $6.6B | $22.1B | ||
| Q2 24 | $6.7B | $21.4B | ||
| Q1 24 | $6.8B | $20.8B |
负债/权益比FBINRUN
| Q4 25 | 1.07× | 4.69× | ||
| Q3 25 | 0.91× | 4.90× | ||
| Q2 25 | 0.93× | 4.80× | ||
| Q1 25 | 1.16× | 5.19× | ||
| Q4 24 | 1.10× | 5.05× | ||
| Q3 24 | 1.12× | 2.36× | ||
| Q2 24 | 1.15× | 2.23× | ||
| Q1 24 | 1.17× | 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 | $208.2M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $183.7M | — |
| 自由现金流率自由现金流/营收 | 17.0% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | 2.73× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $366.8M | — |
8季度趋势，按日历期对齐
经营现金流FBINRUN
| Q4 25 | $208.2M | $96.9M | ||
| Q3 25 | $204.4M | $-121.5M | ||
| Q2 25 | $149.4M | $-292.7M | ||
| Q1 25 | $-83.4M | $-104.2M | ||
| Q4 24 | $272.3M | $-258.4M | ||
| Q3 24 | $205.3M | $-156.2M | ||
| Q2 24 | $261.5M | $-208.5M | ||
| Q1 24 | $-71.3M | $-143.1M |
自由现金流FBINRUN
| Q4 25 | $183.7M | — | ||
| Q3 25 | $177.0M | — | ||
| Q2 25 | $118.7M | — | ||
| Q1 25 | $-112.6M | — | ||
| Q4 24 | $212.1M | — | ||
| Q3 24 | $175.6M | $-156.4M | ||
| Q2 24 | $222.7M | — | ||
| Q1 24 | $-135.9M | — |
自由现金流率FBINRUN
| Q4 25 | 17.0% | — | ||
| Q3 25 | 15.4% | — | ||
| Q2 25 | 9.9% | — | ||
| Q1 25 | -10.9% | — | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 15.2% | -29.1% | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | -12.2% | — |
资本支出强度FBINRUN
| Q4 25 | 2.3% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 2.6% | 0.0% | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 5.8% | — |
现金转化率FBINRUN
| Q4 25 | 2.73× | 0.94× | ||
| Q3 25 | 2.89× | -7.33× | ||
| Q2 25 | 1.49× | -1.05× | ||
| Q1 25 | -1.62× | -2.08× | ||
| Q4 24 | 2.59× | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.95× | -1.50× | ||
| Q1 24 | -0.74× | — |
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
FBIN
| Wholesale Retail Trade | $526.7M | 49% |
| Home Center Retailer | $257.1M | 24% |
| Security Segment | $165.8M | 15% |
| Other Retailer | $118.2M | 11% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
