vs
Grocery Outlet Holding Corp.（GO）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Grocery Outlet Holding Corp.的季度营收约是Sunrun Inc.的1.0倍（$1.2B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -18.5%，领先27.4%），Sunrun Inc.同比增速更快（123.5% vs -72.2%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 8.3%）
Grocery Outlet Holding Corp.是美国知名的折扣清仓零售企业，旗下所有门店均为超市，主打销售品牌厂商及自有品牌供应商的库存积压与清仓商品，价格优惠。目前该公司的门店已分布在美国加利福尼亚、俄勒冈、华盛顿、爱达荷等十余州。
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。
GO vs RUN — 直观对比
营收规模更大
GO
是对方的1.0倍
$1.2B
营收增速更快
RUN
高出195.7%
-72.2%
净利率更高
RUN
高出27.4%
-18.5%
两年增速更快
RUN
近两年复合增速
8.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $-224.9M | $103.6M |
| 毛利率 | 29.7% | — |
| 营业利润率 | — | 8.4% |
| 净利率 | -18.5% | 8.9% |
| 营收同比 | -72.2% | 123.5% |
| 净利润同比 | -669.9% | 103.7% |
| 每股收益（稀释后） | $-2.22 | $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GORUN
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.2B | $724.6M | ||
| Q2 25 | $1.2B | $569.3M | ||
| Q1 25 | $1.1B | $504.3M | ||
| Q4 24 | $1.1B | $518.5M | ||
| Q3 24 | $1.1B | $537.2M | ||
| Q2 24 | $1.1B | $523.9M |
净利润GORUN
| Q1 26 | $-224.9M | — | ||
| Q4 25 | — | $103.6M | ||
| Q3 25 | $11.6M | $16.6M | ||
| Q2 25 | $5.0M | $279.8M | ||
| Q1 25 | $-23.3M | $50.0M | ||
| Q4 24 | $2.3M | $-2.8B | ||
| Q3 24 | $24.2M | $-83.8M | ||
| Q2 24 | $14.0M | $139.1M |
毛利率GORUN
| Q1 26 | 29.7% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 30.4% | — | ||
| Q2 25 | 30.6% | — | ||
| Q1 25 | 30.4% | — | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 31.1% | — | ||
| Q2 24 | 30.9% | — |
营业利润率GORUN
| Q1 26 | — | — | ||
| Q4 25 | — | 8.4% | ||
| Q3 25 | 2.0% | 0.5% | ||
| Q2 25 | 1.1% | -19.7% | ||
| Q1 25 | -2.0% | -22.8% | ||
| Q4 24 | 1.0% | -628.0% | ||
| Q3 24 | 3.6% | -23.8% | ||
| Q2 24 | 2.3% | -24.4% |
净利率GORUN
| Q1 26 | -18.5% | — | ||
| Q4 25 | — | 8.9% | ||
| Q3 25 | 1.0% | 2.3% | ||
| Q2 25 | 0.4% | 49.1% | ||
| Q1 25 | -2.1% | 9.9% | ||
| Q4 24 | 0.2% | -542.7% | ||
| Q3 24 | 2.2% | -15.6% | ||
| Q2 24 | 1.2% | 26.5% |
每股收益（稀释后）GORUN
| Q1 26 | $-2.22 | — | ||
| Q4 25 | — | $0.38 | ||
| Q3 25 | $0.12 | $0.06 | ||
| Q2 25 | $0.05 | $1.07 | ||
| Q1 25 | $-0.24 | $0.20 | ||
| Q4 24 | $0.03 | $-12.59 | ||
| Q3 24 | $0.24 | $-0.37 | ||
| Q2 24 | $0.14 | $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 | $69.6M | — |
| 总债务越低越好 | $15.0M | $14.7B |
| 股东权益账面价值 | $983.7M | $3.1B |
| 总资产 | $3.1B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.02× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资GORUN
| Q1 26 | $69.6M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $52.1M | — | ||
| Q2 25 | $55.2M | — | ||
| Q1 25 | $50.9M | — | ||
| Q4 24 | $62.8M | — | ||
| Q3 24 | $68.7M | — | ||
| Q2 24 | $67.1M | — |
总债务GORUN
| Q1 26 | $15.0M | — | ||
| Q4 25 | — | $14.7B | ||
| Q3 25 | $500.3M | $14.6B | ||
| Q2 25 | $473.9M | $14.0B | ||
| Q1 25 | $475.7M | $13.6B | ||
| Q4 24 | $477.5M | $12.9B | ||
| Q3 24 | $429.3M | $12.5B | ||
| Q2 24 | $379.2M | $12.0B |
股东权益GORUN
| Q1 26 | $983.7M | — | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | $1.2B | $3.0B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.2B | $2.6B | ||
| Q3 24 | $1.2B | $5.3B | ||
| Q2 24 | $1.2B | $5.4B |
总资产GORUN
| Q1 26 | $3.1B | — | ||
| Q4 25 | — | $22.6B | ||
| Q3 25 | $3.4B | $22.2B | ||
| Q2 25 | $3.3B | $21.2B | ||
| Q1 25 | $3.3B | $20.4B | ||
| Q4 24 | $3.2B | $19.9B | ||
| Q3 24 | $3.1B | $22.1B | ||
| Q2 24 | $3.1B | $21.4B |
负债/权益比GORUN
| Q1 26 | 0.02× | — | ||
| Q4 25 | — | 4.69× | ||
| Q3 25 | 0.42× | 4.90× | ||
| Q2 25 | 0.40× | 4.80× | ||
| Q1 25 | 0.40× | 5.19× | ||
| Q4 24 | 0.40× | 5.05× | ||
| Q3 24 | 0.35× | 2.36× | ||
| Q2 24 | 0.31× | 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 | $222.1M | $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GORUN
| Q1 26 | $222.1M | — | ||
| Q4 25 | — | $96.9M | ||
| Q3 25 | $17.3M | $-121.5M | ||
| Q2 25 | $73.6M | $-292.7M | ||
| Q1 25 | $58.9M | $-104.2M | ||
| Q4 24 | $39.5M | $-258.4M | ||
| Q3 24 | $23.0M | $-156.2M | ||
| Q2 24 | $41.6M | $-208.5M |
自由现金流GORUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-21.6M | — | ||
| Q2 25 | $14.4M | — | ||
| Q1 25 | $-1.5M | — | ||
| Q4 24 | $-19.6M | — | ||
| Q3 24 | $-19.3M | $-156.4M | ||
| Q2 24 | $2.7M | — |
自由现金流率GORUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -1.8% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | -1.8% | — | ||
| Q3 24 | -1.7% | -29.1% | ||
| Q2 24 | 0.2% | — |
资本支出强度GORUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 3.8% | 0.0% | ||
| Q2 24 | 3.4% | — |
现金转化率GORUN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | 1.49× | -7.33× | ||
| Q2 25 | 14.84× | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | 17.09× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 2.97× | -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
GO
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% |
