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Fidelis Insurance Holdings Ltd（FIHL）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Fidelis Insurance Holdings Ltd的1.8倍（$1.2B vs $651.9M），Fidelis Insurance Holdings Ltd净利率更高（20.0% vs 8.9%，领先11.1%），Sunrun Inc.同比增速更快（123.5% vs -5.0%）
Fidelis Insurance Holdings Ltd是总部位于百慕大的全球特种保险与再保险服务商，提供财产、意外伤害、海事、航空等领域的定制化风险保障方案，服务范围覆盖北美、欧洲等地区的企业及机构客户。
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。
FIHL vs RUN — 直观对比
营收规模更大
RUN
是对方的1.8倍
$651.9M
营收增速更快
RUN
高出128.5%
-5.0%
净利率更高
FIHL
高出11.1%
8.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $651.9M | $1.2B |
| 净利润 | $130.5M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 24.7% | 8.4% |
| 净利率 | 20.0% | 8.9% |
| 营收同比 | -5.0% | 123.5% |
| 净利润同比 | 29.7% | 103.7% |
| 每股收益（稀释后） | $1.24 | $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FIHLRUN
| Q4 25 | — | $1.2B | ||
| Q3 25 | $651.9M | $724.6M | ||
| Q2 25 | $589.3M | $569.3M | ||
| Q1 25 | $658.4M | $504.3M | ||
| Q4 24 | — | $518.5M | ||
| Q3 24 | $686.1M | $537.2M | ||
| Q2 24 | $540.1M | $523.9M | ||
| Q1 24 | $520.0M | $458.2M |
净利润FIHLRUN
| Q4 25 | — | $103.6M | ||
| Q3 25 | $130.5M | $16.6M | ||
| Q2 25 | $19.7M | $279.8M | ||
| Q1 25 | $-42.5M | $50.0M | ||
| Q4 24 | — | $-2.8B | ||
| Q3 24 | $100.6M | $-83.8M | ||
| Q2 24 | $53.7M | $139.1M | ||
| Q1 24 | $81.2M | $-87.8M |
营业利润率FIHLRUN
| Q4 25 | — | 8.4% | ||
| Q3 25 | 24.7% | 0.5% | ||
| Q2 25 | 3.8% | -19.7% | ||
| Q1 25 | -7.6% | -22.8% | ||
| Q4 24 | — | -628.0% | ||
| Q3 24 | 17.2% | -23.8% | ||
| Q2 24 | 11.6% | -24.4% | ||
| Q1 24 | 18.3% | -40.0% |
净利率FIHLRUN
| Q4 25 | — | 8.9% | ||
| Q3 25 | 20.0% | 2.3% | ||
| Q2 25 | 3.3% | 49.1% | ||
| Q1 25 | -6.5% | 9.9% | ||
| Q4 24 | — | -542.7% | ||
| Q3 24 | 14.7% | -15.6% | ||
| Q2 24 | 9.9% | 26.5% | ||
| Q1 24 | 15.6% | -19.2% |
每股收益（稀释后）FIHLRUN
| Q4 25 | — | $0.38 | ||
| Q3 25 | $1.24 | $0.06 | ||
| Q2 25 | $0.18 | $1.07 | ||
| Q1 25 | $-0.38 | $0.20 | ||
| Q4 24 | — | $-12.59 | ||
| Q3 24 | $0.88 | $-0.37 | ||
| Q2 24 | $0.46 | $0.55 | ||
| Q1 24 | $0.69 | $-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 | $892.5M | — |
| 总债务越低越好 | $842.9M | $14.7B |
| 股东权益账面价值 | $2.4B | $3.1B |
| 总资产 | $12.5B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.35× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资FIHLRUN
| Q4 25 | — | — | ||
| Q3 25 | $892.5M | — | ||
| Q2 25 | $919.4M | — | ||
| Q1 25 | $733.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $806.8M | — | ||
| Q2 24 | $628.6M | — | ||
| Q1 24 | $671.7M | — |
总债务FIHLRUN
| Q4 25 | — | $14.7B | ||
| Q3 25 | $842.9M | $14.6B | ||
| Q2 25 | $842.6M | $14.0B | ||
| Q1 25 | $449.1M | $13.6B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | $448.8M | $12.5B | ||
| Q2 24 | $448.6M | $12.0B | ||
| Q1 24 | $448.4M | $11.1B |
股东权益FIHLRUN
| Q4 25 | — | $3.1B | ||
| Q3 25 | $2.4B | $3.0B | ||
| Q2 25 | $2.3B | $2.9B | ||
| Q1 25 | $2.4B | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $2.6B | $5.3B | ||
| Q2 24 | $2.5B | $5.4B | ||
| Q1 24 | $2.5B | $5.2B |
总资产FIHLRUN
| Q4 25 | — | $22.6B | ||
| Q3 25 | $12.5B | $22.2B | ||
| Q2 25 | $13.0B | $21.2B | ||
| Q1 25 | $12.8B | $20.4B | ||
| Q4 24 | — | $19.9B | ||
| Q3 24 | $11.7B | $22.1B | ||
| Q2 24 | $11.9B | $21.4B | ||
| Q1 24 | $11.3B | $20.8B |
负债/权益比FIHLRUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | 0.35× | 4.90× | ||
| Q2 25 | 0.36× | 4.80× | ||
| Q1 25 | 0.19× | 5.19× | ||
| Q4 24 | — | 5.05× | ||
| Q3 24 | 0.17× | 2.36× | ||
| Q2 24 | 0.18× | 2.23× | ||
| Q1 24 | 0.18× | 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 | $155.2M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $154.6M | — |
| 自由现金流率自由现金流/营收 | 23.7% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 1.19× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $-320.9M | — |
8季度趋势，按日历期对齐
经营现金流FIHLRUN
| Q4 25 | — | $96.9M | ||
| Q3 25 | $155.2M | $-121.5M | ||
| Q2 25 | $-359.2M | $-292.7M | ||
| Q1 25 | $-433.1M | $-104.2M | ||
| Q4 24 | — | $-258.4M | ||
| Q3 24 | $318.9M | $-156.2M | ||
| Q2 24 | $208.5M | $-208.5M | ||
| Q1 24 | $-35.3M | $-143.1M |
自由现金流FIHLRUN
| Q4 25 | — | — | ||
| Q3 25 | $154.6M | — | ||
| Q2 25 | $-359.3M | — | ||
| Q1 25 | $-433.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $317.2M | $-156.4M | ||
| Q2 24 | $206.6M | — | ||
| Q1 24 | $-35.6M | — |
自由现金流率FIHLRUN
| Q4 25 | — | — | ||
| Q3 25 | 23.7% | — | ||
| Q2 25 | -61.0% | — | ||
| Q1 25 | -65.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 46.2% | -29.1% | ||
| Q2 24 | 38.3% | — | ||
| Q1 24 | -6.8% | — |
资本支出强度FIHLRUN
| Q4 25 | — | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.2% | 0.0% | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.1% | — |
现金转化率FIHLRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | 1.19× | -7.33× | ||
| Q2 25 | -18.23× | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.17× | — | ||
| Q2 24 | 3.88× | -1.50× | ||
| Q1 24 | -0.43× | — |
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
FIHL
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% |
