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Gen Digital（GEN）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Gen Digital的季度营收约是Sunrun Inc.的1.1倍（$1.2B vs $1.2B），Gen Digital净利率更高（15.5% vs 8.9%，领先6.5%），Sunrun Inc.同比增速更快（123.5% vs 28.5%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 13.2%）
Gen Digital是一家跨国软件企业，双总部分别设于美国亚利桑那州坦佩和欧盟捷克布拉格，是财富500强企业及标普500指数成分股，同时在纳斯达克与布拉格证券交易所挂牌上市。公司主营网络安全软件、金融科技及相关服务，旗下拥有诺顿、Avast、LifeLock、AVG、CCleaner等多个知名品牌。
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。
GEN vs RUN — 直观对比
营收规模更大
GEN
是对方的1.1倍
$1.2B
营收增速更快
RUN
高出95.0%
28.5%
净利率更高
GEN
高出6.5%
8.9%
两年增速更快
RUN
近两年复合增速
13.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $192.0M | $103.6M |
| 毛利率 | 78.4% | — |
| 营业利润率 | 34.9% | 8.4% |
| 净利率 | 15.5% | 8.9% |
| 营收同比 | 28.5% | 123.5% |
| 净利润同比 | 6.1% | 103.7% |
| 每股收益（稀释后） | $0.31 | $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GENRUN
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.3B | $724.6M | ||
| Q2 25 | — | $569.3M | ||
| Q1 25 | $1.0B | $504.3M | ||
| Q4 24 | $986.0M | $518.5M | ||
| Q3 24 | $974.0M | $537.2M | ||
| Q2 24 | $965.0M | $523.9M |
净利润GENRUN
| Q1 26 | $192.0M | — | ||
| Q4 25 | $134.0M | $103.6M | ||
| Q3 25 | $135.0M | $16.6M | ||
| Q2 25 | — | $279.8M | ||
| Q1 25 | $142.0M | $50.0M | ||
| Q4 24 | $159.0M | $-2.8B | ||
| Q3 24 | $161.0M | $-83.8M | ||
| Q2 24 | $181.0M | $139.1M |
毛利率GENRUN
| Q1 26 | 78.4% | — | ||
| Q4 25 | 78.2% | — | ||
| Q3 25 | 78.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 80.3% | — | ||
| Q4 24 | 80.4% | — | ||
| Q3 24 | 80.1% | — | ||
| Q2 24 | 80.3% | — |
营业利润率GENRUN
| Q1 26 | 34.9% | — | ||
| Q4 25 | 35.9% | 8.4% | ||
| Q3 25 | 35.5% | 0.5% | ||
| Q2 25 | — | -19.7% | ||
| Q1 25 | 41.3% | -22.8% | ||
| Q4 24 | 37.9% | -628.0% | ||
| Q3 24 | 41.3% | -23.8% | ||
| Q2 24 | 43.2% | -24.4% |
净利率GENRUN
| Q1 26 | 15.5% | — | ||
| Q4 25 | 11.0% | 8.9% | ||
| Q3 25 | 10.7% | 2.3% | ||
| Q2 25 | — | 49.1% | ||
| Q1 25 | 14.1% | 9.9% | ||
| Q4 24 | 16.1% | -542.7% | ||
| Q3 24 | 16.5% | -15.6% | ||
| Q2 24 | 18.8% | 26.5% |
每股收益（稀释后）GENRUN
| Q1 26 | $0.31 | — | ||
| Q4 25 | $0.21 | $0.38 | ||
| Q3 25 | $0.22 | $0.06 | ||
| Q2 25 | — | $1.07 | ||
| Q1 25 | $0.22 | $0.20 | ||
| Q4 24 | $0.26 | $-12.59 | ||
| Q3 24 | $0.26 | $-0.37 | ||
| Q2 24 | $0.29 | $0.55 |
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 | — | — |
| 总债务越低越好 | $8.4B | $14.7B |
| 股东权益账面价值 | $2.3B | $3.1B |
| 总资产 | $15.8B | $22.6B |
| 负债/权益比越低杠杆越低 | 3.61× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资GENRUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $883.0M | — | ||
| Q3 24 | $737.0M | — | ||
| Q2 24 | $644.0M | — |
总债务GENRUN
| Q1 26 | $8.4B | — | ||
| Q4 25 | $8.7B | $14.7B | ||
| Q3 25 | $8.9B | $14.6B | ||
| Q2 25 | — | $14.0B | ||
| Q1 25 | $8.3B | $13.6B | ||
| Q4 24 | $8.5B | $12.9B | ||
| Q3 24 | $8.5B | $12.5B | ||
| Q2 24 | $8.5B | $12.0B |
股东权益GENRUN
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.5B | $3.1B | ||
| Q3 25 | $2.4B | $3.0B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | $2.3B | $2.6B | ||
| Q4 24 | $2.2B | $2.6B | ||
| Q3 24 | $2.1B | $5.3B | ||
| Q2 24 | $2.0B | $5.4B |
总资产GENRUN
| Q1 26 | $15.8B | — | ||
| Q4 25 | $16.1B | $22.6B | ||
| Q3 25 | $16.4B | $22.2B | ||
| Q2 25 | — | $21.2B | ||
| Q1 25 | $15.5B | $20.4B | ||
| Q4 24 | $15.4B | $19.9B | ||
| Q3 24 | $15.5B | $22.1B | ||
| Q2 24 | $15.4B | $21.4B |
负债/权益比GENRUN
| Q1 26 | 3.61× | — | ||
| Q4 25 | 3.54× | 4.69× | ||
| Q3 25 | 3.75× | 4.90× | ||
| Q2 25 | — | 4.80× | ||
| Q1 25 | 3.64× | 5.19× | ||
| Q4 24 | 3.94× | 5.05× | ||
| Q3 24 | 4.06× | 2.36× | ||
| Q2 24 | 4.33× | 2.23× |
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 | — | $96.9M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流GENRUN
| Q1 26 | — | — | ||
| Q4 25 | $541.0M | $96.9M | ||
| Q3 25 | $409.0M | $-121.5M | ||
| Q2 25 | — | $-292.7M | ||
| Q1 25 | $473.0M | $-104.2M | ||
| Q4 24 | $326.0M | $-258.4M | ||
| Q3 24 | $158.0M | $-156.2M | ||
| Q2 24 | $264.0M | $-208.5M |
自由现金流GENRUN
| Q1 26 | — | — | ||
| Q4 25 | $535.0M | — | ||
| Q3 25 | $405.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $470.0M | — | ||
| Q4 24 | $318.0M | — | ||
| Q3 24 | $156.0M | $-156.4M | ||
| Q2 24 | $262.0M | — |
自由现金流率GENRUN
| Q1 26 | — | — | ||
| Q4 25 | 43.9% | — | ||
| Q3 25 | 32.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 46.5% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 16.0% | -29.1% | ||
| Q2 24 | 27.2% | — |
资本支出强度GENRUN
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.2% | 0.0% | ||
| Q2 24 | 0.2% | — |
现金转化率GENRUN
| Q1 26 | — | — | ||
| Q4 25 | 4.04× | 0.94× | ||
| Q3 25 | 3.03× | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | 3.33× | -2.08× | ||
| Q4 24 | 2.05× | — | ||
| Q3 24 | 0.98× | — | ||
| Q2 24 | 1.46× | -1.50× |
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
GEN
| Cyber Safety Platform | $819.0M | 66% |
| Trust Based Solutions | $421.0M | 34% |
| Net Interest Income On Notes Receivable | $4.0M | 0% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
