vs
FuboTV Inc.（FUBO）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
FuboTV Inc.的季度营收约是Sunrun Inc.的1.3倍（$1.5B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -0.4%，领先9.3%），FuboTV Inc.同比增速更快（249.4% vs 123.5%），过去两年FuboTV Inc.的营收复合增速更高（94.3% vs 59.0%）
FuboTV Inc.（简称Fubo）是源自美国的互联网体育流媒体服务商，业务覆盖美国、加拿大与西班牙地区。该平台主打各类直播体育内容，可提供英超、NFL、MLB、NBA、NHL、MLS等各大主流顶级体育赛事转播，同时也涵盖新闻、剧集等综合影视娱乐内容。
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。
FUBO vs RUN — 直观对比
营收规模更大
FUBO
是对方的1.3倍
$1.2B
营收增速更快
FUBO
高出125.9%
123.5%
净利率更高
RUN
高出9.3%
-0.4%
两年增速更快
FUBO
近两年复合增速
59.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $-6.0M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | -1.3% | 8.4% |
| 净利率 | -0.4% | 8.9% |
| 营收同比 | 249.4% | 123.5% |
| 净利润同比 | 84.5% | 103.7% |
| 每股收益（稀释后） | $-0.02 | $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FUBORUN
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $377.2M | $724.6M | ||
| Q2 25 | $380.0M | $569.3M | ||
| Q1 25 | $416.3M | $504.3M | ||
| Q4 24 | — | $518.5M | ||
| Q3 24 | $386.2M | $537.2M | ||
| Q2 24 | $391.0M | $523.9M | ||
| Q1 24 | $402.3M | $458.2M |
净利润FUBORUN
| Q4 25 | $-6.0M | $103.6M | ||
| Q3 25 | $-18.9M | $16.6M | ||
| Q2 25 | $-8.0M | $279.8M | ||
| Q1 25 | $188.5M | $50.0M | ||
| Q4 24 | — | $-2.8B | ||
| Q3 24 | $-52.4M | $-83.8M | ||
| Q2 24 | $-25.3M | $139.1M | ||
| Q1 24 | $-56.0M | $-87.8M |
营业利润率FUBORUN
| Q4 25 | -1.3% | 8.4% | ||
| Q3 25 | -5.3% | 0.5% | ||
| Q2 25 | -1.6% | -19.7% | ||
| Q1 25 | -6.1% | -22.8% | ||
| Q4 24 | — | -628.0% | ||
| Q3 24 | -15.2% | -23.8% | ||
| Q2 24 | -9.1% | -24.4% | ||
| Q1 24 | -15.7% | -40.0% |
净利率FUBORUN
| Q4 25 | -0.4% | 8.9% | ||
| Q3 25 | -5.0% | 2.3% | ||
| Q2 25 | -2.1% | 49.1% | ||
| Q1 25 | 45.3% | 9.9% | ||
| Q4 24 | — | -542.7% | ||
| Q3 24 | -13.6% | -15.6% | ||
| Q2 24 | -6.5% | 26.5% | ||
| Q1 24 | -13.9% | -19.2% |
每股收益（稀释后）FUBORUN
| Q4 25 | $-0.02 | $0.38 | ||
| Q3 25 | $-0.06 | $0.06 | ||
| Q2 25 | $-0.02 | $1.07 | ||
| Q1 25 | $0.55 | $0.20 | ||
| Q4 24 | — | $-12.59 | ||
| Q3 24 | $-0.16 | $-0.37 | ||
| Q2 24 | $-0.08 | $0.55 | ||
| Q1 24 | $-0.19 | $-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 | $452.4M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $275.5M | $3.1B |
| 总资产 | $4.1B | $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FUBORUN
| Q4 25 | $452.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $283.6M | — | ||
| Q1 25 | $321.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $146.2M | — | ||
| Q2 24 | $155.2M | — | ||
| Q1 24 | $168.9M | — |
总债务FUBORUN
| 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FUBORUN
| Q4 25 | $275.5M | $3.1B | ||
| Q3 25 | $915.3M | $3.0B | ||
| Q2 25 | $400.4M | $2.9B | ||
| Q1 25 | $389.0M | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $905.3M | $5.3B | ||
| Q2 24 | $254.2M | $5.4B | ||
| Q1 24 | $236.1M | $5.2B |
总资产FUBORUN
| Q4 25 | $4.1B | $22.6B | ||
| Q3 25 | $1.3B | $22.2B | ||
| Q2 25 | $1.2B | $21.2B | ||
| Q1 25 | $1.2B | $20.4B | ||
| Q4 24 | — | $19.9B | ||
| Q3 24 | $1.1B | $22.1B | ||
| Q2 24 | $1.1B | $21.4B | ||
| Q1 24 | $1.1B | $20.8B |
负债/权益比FUBORUN
| 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 | $-200.3M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $-200.8M | — |
| 自由现金流率自由现金流/营收 | -13.0% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 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 | $-81.3M | — |
8季度趋势，按日历期对齐
经营现金流FUBORUN
| Q4 25 | $-200.3M | $96.9M | ||
| Q3 25 | $-6.5M | $-121.5M | ||
| Q2 25 | $-34.6M | $-292.7M | ||
| Q1 25 | $161.4M | $-104.2M | ||
| Q4 24 | — | $-258.4M | ||
| Q3 24 | $235.0K | $-156.2M | ||
| Q2 24 | $-32.3M | $-208.5M | ||
| Q1 24 | $-67.3M | $-143.1M |
自由现金流FUBORUN
| Q4 25 | $-200.8M | — | ||
| Q3 25 | $-6.5M | — | ||
| Q2 25 | $-35.0M | — | ||
| Q1 25 | $161.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-1.3M | $-156.4M | ||
| Q2 24 | $-32.5M | — | ||
| Q1 24 | $-67.4M | — |
自由现金流率FUBORUN
| Q4 25 | -13.0% | — | ||
| Q3 25 | -1.7% | — | ||
| Q2 25 | -9.2% | — | ||
| Q1 25 | 38.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.3% | -29.1% | ||
| Q2 24 | -8.3% | — | ||
| Q1 24 | -16.7% | — |
资本支出强度FUBORUN
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.4% | 0.0% | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.0% | — |
现金转化率FUBORUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | 0.86× | -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
FUBO
| Related Party | $1.2B | 75% |
| Subscription And Advertising | $377.9M | 24% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
