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Frontier Communications Parent, Inc.（FYBR）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Frontier Communications Parent, 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 -5.0%，领先13.9%），Sunrun Inc.同比增速更快（123.5% vs 4.2%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 4.3%）
前沿通信母公司是一家美国电信企业，隶属于威瑞森，拥有光纤通信网络，并提供云相关服务，该公司曾先后更名为公民公用事业公司、公民通信公司和前沿通信公司，是美国本土知名电信运营商之一。
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。
FYBR vs RUN — 直观对比
营收规模更大
FYBR
是对方的1.3倍
$1.2B
营收增速更快
RUN
高出119.3%
4.2%
净利率更高
RUN
高出13.9%
-5.0%
两年增速更快
RUN
近两年复合增速
4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $-76.0M | $103.6M |
| 毛利率 | 64.3% | — |
| 营业利润率 | 7.6% | 8.4% |
| 净利率 | -5.0% | 8.9% |
| 营收同比 | 4.2% | 123.5% |
| 净利润同比 | 7.3% | 103.7% |
| 每股收益（稀释后） | $-0.30 | $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FYBRRUN
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.5B | $724.6M | ||
| Q2 25 | $1.5B | $569.3M | ||
| Q1 25 | $1.5B | $504.3M | ||
| Q4 24 | $1.5B | $518.5M | ||
| Q3 24 | $1.5B | $537.2M | ||
| Q2 24 | $1.5B | $523.9M | ||
| Q1 24 | $1.4B | $458.2M |
净利润FYBRRUN
| Q4 25 | — | $103.6M | ||
| Q3 25 | $-76.0M | $16.6M | ||
| Q2 25 | $-123.0M | $279.8M | ||
| Q1 25 | $-64.0M | $50.0M | ||
| Q4 24 | $-118.0M | $-2.8B | ||
| Q3 24 | $-82.0M | $-83.8M | ||
| Q2 24 | $-123.0M | $139.1M | ||
| Q1 24 | $1.0M | $-87.8M |
毛利率FYBRRUN
| Q4 25 | — | — | ||
| Q3 25 | 64.3% | — | ||
| Q2 25 | 65.0% | — | ||
| Q1 25 | 65.2% | — | ||
| Q4 24 | 64.2% | — | ||
| Q3 24 | 63.4% | — | ||
| Q2 24 | 64.8% | — | ||
| Q1 24 | 63.9% | — |
营业利润率FYBRRUN
| Q4 25 | — | 8.4% | ||
| Q3 25 | 7.6% | 0.5% | ||
| Q2 25 | 2.9% | -19.7% | ||
| Q1 25 | 5.1% | -22.8% | ||
| Q4 24 | 5.8% | -628.0% | ||
| Q3 24 | 5.8% | -23.8% | ||
| Q2 24 | 6.2% | -24.4% | ||
| Q1 24 | 6.2% | -40.0% |
净利率FYBRRUN
| Q4 25 | — | 8.9% | ||
| Q3 25 | -5.0% | 2.3% | ||
| Q2 25 | -8.1% | 49.1% | ||
| Q1 25 | -4.3% | 9.9% | ||
| Q4 24 | -7.9% | -542.7% | ||
| Q3 24 | -5.6% | -15.6% | ||
| Q2 24 | -8.4% | 26.5% | ||
| Q1 24 | 0.1% | -19.2% |
每股收益（稀释后）FYBRRUN
| Q4 25 | — | $0.38 | ||
| Q3 25 | $-0.30 | $0.06 | ||
| Q2 25 | $-0.49 | $1.07 | ||
| Q1 25 | $-0.26 | $0.20 | ||
| Q4 24 | $-0.48 | $-12.59 | ||
| Q3 24 | $-0.33 | $-0.37 | ||
| Q2 24 | $-0.49 | $0.55 | ||
| Q1 24 | $0.00 | $-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 | $336.0M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $4.7B | $3.1B |
| 总资产 | $21.6B | $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FYBRRUN
| Q4 25 | — | — | ||
| Q3 25 | $336.0M | — | ||
| Q2 25 | $412.0M | — | ||
| Q1 25 | $506.0M | — | ||
| Q4 24 | $750.0M | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.5B | — |
总债务FYBRRUN
| 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FYBRRUN
| Q4 25 | — | $3.1B | ||
| Q3 25 | $4.7B | $3.0B | ||
| Q2 25 | $4.8B | $2.9B | ||
| Q1 25 | $4.9B | $2.6B | ||
| Q4 24 | $4.9B | $2.6B | ||
| Q3 24 | $5.1B | $5.3B | ||
| Q2 24 | $5.1B | $5.4B | ||
| Q1 24 | $5.3B | $5.2B |
总资产FYBRRUN
| Q4 25 | — | $22.6B | ||
| Q3 25 | $21.6B | $22.2B | ||
| Q2 25 | $21.3B | $21.2B | ||
| Q1 25 | $20.9B | $20.4B | ||
| Q4 24 | $20.6B | $19.9B | ||
| Q3 24 | $20.9B | $22.1B | ||
| Q2 24 | $20.2B | $21.4B | ||
| Q1 24 | $20.2B | $20.8B |
负债/权益比FYBRRUN
| 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 | $504.0M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $-315.0M | — |
| 自由现金流率自由现金流/营收 | -20.5% | — |
| 资本支出强度资本支出/营收 | 53.4% | — |
| 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 | $-1.4B | — |
8季度趋势，按日历期对齐
经营现金流FYBRRUN
| Q4 25 | — | $96.9M | ||
| Q3 25 | $504.0M | $-121.5M | ||
| Q2 25 | $477.0M | $-292.7M | ||
| Q1 25 | $519.0M | $-104.2M | ||
| Q4 24 | $294.0M | $-258.4M | ||
| Q3 24 | $618.0M | $-156.2M | ||
| Q2 24 | $374.0M | $-208.5M | ||
| Q1 24 | $335.0M | $-143.1M |
自由现金流FYBRRUN
| Q4 25 | — | — | ||
| Q3 25 | $-315.0M | — | ||
| Q2 25 | $-368.0M | — | ||
| Q1 25 | $-238.0M | — | ||
| Q4 24 | $-498.0M | — | ||
| Q3 24 | $-81.0M | $-156.4M | ||
| Q2 24 | $-252.0M | — | ||
| Q1 24 | $-331.0M | — |
自由现金流率FYBRRUN
| Q4 25 | — | — | ||
| Q3 25 | -20.5% | — | ||
| Q2 25 | -24.2% | — | ||
| Q1 25 | -15.9% | — | ||
| Q4 24 | -33.4% | — | ||
| Q3 24 | -5.5% | -29.1% | ||
| Q2 24 | -17.2% | — | ||
| Q1 24 | -22.9% | — |
资本支出强度FYBRRUN
| Q4 25 | — | — | ||
| Q3 25 | 53.4% | — | ||
| Q2 25 | 55.5% | — | ||
| Q1 25 | 50.6% | — | ||
| Q4 24 | 53.2% | — | ||
| Q3 24 | 47.5% | 0.0% | ||
| Q2 24 | 42.7% | — | ||
| Q1 24 | 46.1% | — |
现金转化率FYBRRUN
| 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 | 335.00× | — |
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
FYBR
| Consumer | $826.0M | 54% |
| Business And Wholesale | $707.0M | 46% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
