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Fortrea Holdings Inc.（FTRE）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Fortrea Holdings Inc.的1.8倍（$1.2B vs $660.5M），Sunrun Inc.净利率更高（8.9% vs -4.9%，领先13.9%），Sunrun Inc.同比增速更快（123.5% vs -5.2%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -0.1%）
Fortrea Holdings Inc.是一家总部位于美国北卡罗来纳州达勒姆、注册地为特拉华州的合同研究组织，业务覆盖90个国家，主要服务制药、生物技术和医疗器械行业客户，为相关领域的研发提供专业支持。
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。
FTRE vs RUN — 直观对比
营收规模更大
RUN
是对方的1.8倍
$660.5M
营收增速更快
RUN
高出128.7%
-5.2%
净利率更高
RUN
高出13.9%
-4.9%
两年增速更快
RUN
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $660.5M | $1.2B |
| 净利润 | $-32.5M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | -2.1% | 8.4% |
| 净利率 | -4.9% | 8.9% |
| 营收同比 | -5.2% | 123.5% |
| 净利润同比 | 46.9% | 103.7% |
| 每股收益（稀释后） | $-0.25 | $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FTRERUN
| Q4 25 | $660.5M | $1.2B | ||
| Q3 25 | $701.3M | $724.6M | ||
| Q2 25 | $710.3M | $569.3M | ||
| Q1 25 | $651.3M | $504.3M | ||
| Q4 24 | $697.0M | $518.5M | ||
| Q3 24 | $674.9M | $537.2M | ||
| Q2 24 | $662.4M | $523.9M | ||
| Q1 24 | $662.1M | $458.2M |
净利润FTRERUN
| Q4 25 | $-32.5M | $103.6M | ||
| Q3 25 | $-15.9M | $16.6M | ||
| Q2 25 | $-374.9M | $279.8M | ||
| Q1 25 | $-562.9M | $50.0M | ||
| Q4 24 | $-61.2M | $-2.8B | ||
| Q3 24 | $-27.9M | $-83.8M | ||
| Q2 24 | $-138.4M | $139.1M | ||
| Q1 24 | $-101.0M | $-87.8M |
营业利润率FTRERUN
| Q4 25 | -2.1% | 8.4% | ||
| Q3 25 | -1.2% | 0.5% | ||
| Q2 25 | -46.5% | -19.7% | ||
| Q1 25 | -79.9% | -22.8% | ||
| Q4 24 | -8.0% | -628.0% | ||
| Q3 24 | -2.7% | -23.8% | ||
| Q2 24 | -7.7% | -24.4% | ||
| Q1 24 | -5.6% | -40.0% |
净利率FTRERUN
| Q4 25 | -4.9% | 8.9% | ||
| Q3 25 | -2.3% | 2.3% | ||
| Q2 25 | -52.8% | 49.1% | ||
| Q1 25 | -86.4% | 9.9% | ||
| Q4 24 | -8.8% | -542.7% | ||
| Q3 24 | -4.1% | -15.6% | ||
| Q2 24 | -20.9% | 26.5% | ||
| Q1 24 | -15.3% | -19.2% |
每股收益（稀释后）FTRERUN
| Q4 25 | $-0.25 | $0.38 | ||
| Q3 25 | $-0.17 | $0.06 | ||
| Q2 25 | $-4.14 | $1.07 | ||
| Q1 25 | $-6.25 | $0.20 | ||
| Q4 24 | $-0.68 | $-12.59 | ||
| Q3 24 | $-0.31 | $-0.37 | ||
| Q2 24 | $-1.55 | $0.55 | ||
| Q1 24 | $-1.13 | $-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 | $174.6M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $563.5M | $3.1B |
| 总资产 | $2.7B | $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FTRERUN
| Q4 25 | $174.6M | — | ||
| Q3 25 | $131.3M | — | ||
| Q2 25 | $81.2M | — | ||
| Q1 25 | $101.6M | — | ||
| Q4 24 | $118.5M | — | ||
| Q3 24 | $105.3M | — | ||
| Q2 24 | $126.2M | — | ||
| Q1 24 | $92.8M | — |
总债务FTRERUN
| 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FTRERUN
| Q4 25 | $563.5M | $3.1B | ||
| Q3 25 | $580.8M | $3.0B | ||
| Q2 25 | $589.2M | $2.9B | ||
| Q1 25 | $858.8M | $2.6B | ||
| Q4 24 | $1.4B | $2.6B | ||
| Q3 24 | $1.5B | $5.3B | ||
| Q2 24 | $1.5B | $5.4B | ||
| Q1 24 | $1.6B | $5.2B |
总资产FTRERUN
| Q4 25 | $2.7B | $22.6B | ||
| Q3 25 | $2.7B | $22.2B | ||
| Q2 25 | $2.8B | $21.2B | ||
| Q1 25 | $3.1B | $20.4B | ||
| Q4 24 | $3.6B | $19.9B | ||
| Q3 24 | $3.7B | $22.1B | ||
| Q2 24 | $3.6B | $21.4B | ||
| Q1 24 | $4.2B | $20.8B |
负债/权益比FTRERUN
| 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 | $129.1M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $121.6M | — |
| 自由现金流率自由现金流/营收 | 18.4% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 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 | $88.3M | — |
8季度趋势，按日历期对齐
经营现金流FTRERUN
| Q4 25 | $129.1M | $96.9M | ||
| Q3 25 | $86.8M | $-121.5M | ||
| Q2 25 | $21.8M | $-292.7M | ||
| Q1 25 | $-124.2M | $-104.2M | ||
| Q4 24 | $17.1M | $-258.4M | ||
| Q3 24 | $-2.4M | $-156.2M | ||
| Q2 24 | $273.7M | $-208.5M | ||
| Q1 24 | $-25.6M | $-143.1M |
自由现金流FTRERUN
| Q4 25 | $121.6M | — | ||
| Q3 25 | $79.5M | — | ||
| Q2 25 | $14.3M | — | ||
| Q1 25 | $-127.1M | — | ||
| Q4 24 | $13.9M | — | ||
| Q3 24 | $-10.6M | $-156.4M | ||
| Q2 24 | $262.5M | — | ||
| Q1 24 | $-34.9M | — |
自由现金流率FTRERUN
| Q4 25 | 18.4% | — | ||
| Q3 25 | 11.3% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | -19.5% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | -1.6% | -29.1% | ||
| Q2 24 | 39.6% | — | ||
| Q1 24 | -5.3% | — |
资本支出强度FTRERUN
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.2% | 0.0% | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.4% | — |
现金转化率FTRERUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -1.50× | ||
| Q1 24 | — | — |
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
FTRE
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% |
