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F5, Inc.（FFIV）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F5, Inc.的1.4倍（$1.2B vs $811.7M），F5, Inc.净利率更高（18.2% vs 8.9%，领先9.3%），Sunrun Inc.同比增速更快（123.5% vs 11.0%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 8.0%）
F5, Inc.是一家美国科技企业，专注于应用安全、多云管理、线上反欺诈、应用交付网络（ADN）相关业务，同时提供应用可用性与性能优化、网络安全、访问授权管理等产品及解决方案，助力各行业客户保障数字化业务稳定运营，提升运行效率。
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。
FFIV vs RUN — 直观对比
营收规模更大
RUN
是对方的1.4倍
$811.7M
营收增速更快
RUN
高出112.5%
11.0%
净利率更高
FFIV
高出9.3%
8.9%
两年增速更快
RUN
近两年复合增速
8.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $811.7M | $1.2B |
| 净利润 | $148.0M | $103.6M |
| 毛利率 | 81.4% | — |
| 营业利润率 | 22.1% | 8.4% |
| 净利率 | 18.2% | 8.9% |
| 营收同比 | 11.0% | 123.5% |
| 净利润同比 | 1.5% | 103.7% |
| 每股收益（稀释后） | $2.58 | $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FFIVRUN
| Q1 26 | $811.7M | — | ||
| Q4 25 | $822.5M | $1.2B | ||
| Q3 25 | $810.1M | $724.6M | ||
| Q2 25 | $780.4M | $569.3M | ||
| Q1 25 | $731.1M | $504.3M | ||
| Q4 24 | $766.5M | $518.5M | ||
| Q3 24 | $746.7M | $537.2M | ||
| Q2 24 | $695.5M | $523.9M |
净利润FFIVRUN
| Q1 26 | $148.0M | — | ||
| Q4 25 | $180.1M | $103.6M | ||
| Q3 25 | $190.5M | $16.6M | ||
| Q2 25 | $189.9M | $279.8M | ||
| Q1 25 | $145.5M | $50.0M | ||
| Q4 24 | $166.4M | $-2.8B | ||
| Q3 24 | $165.3M | $-83.8M | ||
| Q2 24 | $144.1M | $139.1M |
毛利率FFIVRUN
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.5% | — | ||
| Q3 25 | 82.2% | — | ||
| Q2 25 | 81.0% | — | ||
| Q1 25 | 80.7% | — | ||
| Q4 24 | 81.7% | — | ||
| Q3 24 | 80.8% | — | ||
| Q2 24 | 80.4% | — |
营业利润率FFIVRUN
| Q1 26 | 22.1% | — | ||
| Q4 25 | 26.0% | 8.4% | ||
| Q3 25 | 25.4% | 0.5% | ||
| Q2 25 | 25.2% | -19.7% | ||
| Q1 25 | 21.7% | -22.8% | ||
| Q4 24 | 26.8% | -628.0% | ||
| Q3 24 | 25.6% | -23.8% | ||
| Q2 24 | 23.4% | -24.4% |
净利率FFIVRUN
| Q1 26 | 18.2% | — | ||
| Q4 25 | 21.9% | 8.9% | ||
| Q3 25 | 23.5% | 2.3% | ||
| Q2 25 | 24.3% | 49.1% | ||
| Q1 25 | 19.9% | 9.9% | ||
| Q4 24 | 21.7% | -542.7% | ||
| Q3 24 | 22.1% | -15.6% | ||
| Q2 24 | 20.7% | 26.5% |
每股收益（稀释后）FFIVRUN
| Q1 26 | $2.58 | — | ||
| Q4 25 | $3.10 | $0.38 | ||
| Q3 25 | $3.25 | $0.06 | ||
| Q2 25 | $3.25 | $1.07 | ||
| Q1 25 | $2.48 | $0.20 | ||
| Q4 24 | $2.82 | $-12.59 | ||
| Q3 24 | $2.79 | $-0.37 | ||
| Q2 24 | $2.44 | $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 | $1.4B | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $3.6B | $3.1B |
| 总资产 | $6.5B | $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FFIVRUN
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $935.6M | — |
总债务FFIVRUN
| 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FFIVRUN
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.5B | $3.1B | ||
| Q3 25 | $3.6B | $3.0B | ||
| Q2 25 | $3.5B | $2.9B | ||
| Q1 25 | $3.3B | $2.6B | ||
| Q4 24 | $3.2B | $2.6B | ||
| Q3 24 | $3.1B | $5.3B | ||
| Q2 24 | $3.0B | $5.4B |
总资产FFIVRUN
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | $22.6B | ||
| Q3 25 | $6.3B | $22.2B | ||
| Q2 25 | $6.1B | $21.2B | ||
| Q1 25 | $5.9B | $20.4B | ||
| Q4 24 | $5.9B | $19.9B | ||
| Q3 24 | $5.6B | $22.1B | ||
| Q2 24 | $5.4B | $21.4B |
负债/权益比FFIVRUN
| 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 | $525.1M | $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 | 3.55× | 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FFIVRUN
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $96.9M | ||
| Q3 25 | $208.1M | $-121.5M | ||
| Q2 25 | $282.2M | $-292.7M | ||
| Q1 25 | $256.6M | $-104.2M | ||
| Q4 24 | $202.8M | $-258.4M | ||
| Q3 24 | $246.5M | $-156.2M | ||
| Q2 24 | $159.0M | $-208.5M |
自由现金流FFIVRUN
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | — | ||
| Q3 25 | $191.9M | — | ||
| Q2 25 | $273.7M | — | ||
| Q1 25 | $246.1M | — | ||
| Q4 24 | $194.7M | — | ||
| Q3 24 | $240.4M | $-156.4M | ||
| Q2 24 | $153.1M | — |
自由现金流率FFIVRUN
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | — | ||
| Q3 25 | 23.7% | — | ||
| Q2 25 | 35.1% | — | ||
| Q1 25 | 33.7% | — | ||
| Q4 24 | 25.4% | — | ||
| Q3 24 | 32.2% | -29.1% | ||
| Q2 24 | 22.0% | — |
资本支出强度FFIVRUN
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 0.8% | 0.0% | ||
| Q2 24 | 0.8% | — |
现金转化率FFIVRUN
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | 0.94× | ||
| Q3 25 | 1.09× | -7.33× | ||
| Q2 25 | 1.49× | -1.05× | ||
| Q1 25 | 1.76× | -2.08× | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.10× | -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
FFIV
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% |
