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FIVE BELOW, INC（FIVE）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FIVE BELOW, INC的1.1倍（$1.2B vs $1.0B），Sunrun Inc.净利率更高（8.9% vs 3.5%，领先5.4%），Sunrun Inc.同比增速更快（123.5% vs 23.1%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -11.9%）
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
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。
FIVE vs RUN — 直观对比
营收规模更大
RUN
是对方的1.1倍
$1.0B
营收增速更快
RUN
高出100.4%
23.1%
净利率更高
RUN
高出5.4%
3.5%
两年增速更快
RUN
近两年复合增速
-11.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $36.5M | $103.6M |
| 毛利率 | 33.8% | — |
| 营业利润率 | 4.2% | 8.4% |
| 净利率 | 3.5% | 8.9% |
| 营收同比 | 23.1% | 123.5% |
| 净利润同比 | 2063.9% | 103.7% |
| 每股收益（稀释后） | $0.66 | $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FIVERUN
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.0B | $724.6M | ||
| Q2 25 | $970.5M | $569.3M | ||
| Q1 25 | $1.4B | $504.3M | ||
| Q4 24 | $843.7M | $518.5M | ||
| Q3 24 | $830.1M | $537.2M | ||
| Q2 24 | $811.9M | $523.9M | ||
| Q1 24 | $1.3B | $458.2M |
净利润FIVERUN
| Q4 25 | $36.5M | $103.6M | ||
| Q3 25 | $42.8M | $16.6M | ||
| Q2 25 | $41.1M | $279.8M | ||
| Q1 25 | $187.5M | $50.0M | ||
| Q4 24 | $1.7M | $-2.8B | ||
| Q3 24 | $33.0M | $-83.8M | ||
| Q2 24 | $31.5M | $139.1M | ||
| Q1 24 | $202.2M | $-87.8M |
毛利率FIVERUN
| Q4 25 | 33.8% | — | ||
| Q3 25 | 33.3% | — | ||
| Q2 25 | 33.4% | — | ||
| Q1 25 | 40.2% | — | ||
| Q4 24 | 30.6% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 41.2% | — |
营业利润率FIVERUN
| Q4 25 | 4.2% | 8.4% | ||
| Q3 25 | 5.1% | 0.5% | ||
| Q2 25 | 5.2% | -19.7% | ||
| Q1 25 | 17.7% | -22.8% | ||
| Q4 24 | -0.1% | -628.0% | ||
| Q3 24 | 5.0% | -23.8% | ||
| Q2 24 | 4.5% | -24.4% | ||
| Q1 24 | 20.1% | -40.0% |
净利率FIVERUN
| Q4 25 | 3.5% | 8.9% | ||
| Q3 25 | 4.2% | 2.3% | ||
| Q2 25 | 4.2% | 49.1% | ||
| Q1 25 | 13.5% | 9.9% | ||
| Q4 24 | 0.2% | -542.7% | ||
| Q3 24 | 4.0% | -15.6% | ||
| Q2 24 | 3.9% | 26.5% | ||
| Q1 24 | 15.1% | -19.2% |
每股收益（稀释后）FIVERUN
| Q4 25 | $0.66 | $0.38 | ||
| Q3 25 | $0.77 | $0.06 | ||
| Q2 25 | $0.75 | $1.07 | ||
| Q1 25 | $3.40 | $0.20 | ||
| Q4 24 | $0.03 | $-12.59 | ||
| Q3 24 | $0.60 | $-0.37 | ||
| Q2 24 | $0.57 | $0.55 | ||
| Q1 24 | $3.64 | $-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 | $524.5M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $2.0B | $3.1B |
| 总资产 | $4.8B | $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FIVERUN
| Q4 25 | $524.5M | — | ||
| Q3 25 | $670.2M | — | ||
| Q2 25 | $624.0M | — | ||
| Q1 25 | $528.8M | — | ||
| Q4 24 | $216.6M | — | ||
| Q3 24 | $327.7M | — | ||
| Q2 24 | $369.6M | — | ||
| Q1 24 | $460.1M | — |
总债务FIVERUN
| 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FIVERUN
| Q4 25 | $2.0B | $3.1B | ||
| Q3 25 | $1.9B | $3.0B | ||
| Q2 25 | $1.9B | $2.9B | ||
| Q1 25 | $1.8B | $2.6B | ||
| Q4 24 | $1.6B | $2.6B | ||
| Q3 24 | $1.6B | $5.3B | ||
| Q2 24 | $1.6B | $5.4B | ||
| Q1 24 | $1.6B | $5.2B |
总资产FIVERUN
| Q4 25 | $4.8B | $22.6B | ||
| Q3 25 | $4.6B | $22.2B | ||
| Q2 25 | $4.5B | $21.2B | ||
| Q1 25 | $4.3B | $20.4B | ||
| Q4 24 | $4.2B | $19.9B | ||
| Q3 24 | $4.0B | $22.1B | ||
| Q2 24 | $3.9B | $21.4B | ||
| Q1 24 | $3.9B | $20.8B |
负债/权益比FIVERUN
| 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 | $-80.1M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $-133.2M | — |
| 自由现金流率自由现金流/营收 | -12.8% | — |
| 资本支出强度资本支出/营收 | 5.1% | — |
| 现金转化率经营现金流/净利润 | -2.19× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $323.0M | — |
8季度趋势，按日历期对齐
经营现金流FIVERUN
| Q4 25 | $-80.1M | $96.9M | ||
| Q3 25 | $93.0M | $-121.5M | ||
| Q2 25 | $132.7M | $-292.7M | ||
| Q1 25 | $363.5M | $-104.2M | ||
| Q4 24 | $-30.6M | $-258.4M | ||
| Q3 24 | $71.3M | $-156.2M | ||
| Q2 24 | $26.4M | $-208.5M | ||
| Q1 24 | $407.7M | $-143.1M |
自由现金流FIVERUN
| Q4 25 | $-133.2M | — | ||
| Q3 25 | $48.3M | — | ||
| Q2 25 | $96.5M | — | ||
| Q1 25 | $311.4M | — | ||
| Q4 24 | $-111.0M | — | ||
| Q3 24 | $-32.4M | $-156.4M | ||
| Q2 24 | $-61.4M | — | ||
| Q1 24 | $304.6M | — |
自由现金流率FIVERUN
| Q4 25 | -12.8% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 9.9% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | -13.2% | — | ||
| Q3 24 | -3.9% | -29.1% | ||
| Q2 24 | -7.6% | — | ||
| Q1 24 | 22.8% | — |
资本支出强度FIVERUN
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.4% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 12.5% | 0.0% | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | 7.7% | — |
现金转化率FIVERUN
| Q4 25 | -2.19× | 0.94× | ||
| Q3 25 | 2.17× | -7.33× | ||
| Q2 25 | 3.22× | -1.05× | ||
| Q1 25 | 1.94× | -2.08× | ||
| Q4 24 | -18.13× | — | ||
| Q3 24 | 2.16× | — | ||
| Q2 24 | 0.84× | -1.50× | ||
| Q1 24 | 2.02× | — |
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
FIVE
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% |
