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Hims & Hers Health, Inc.（HIMS）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Hims & Hers Health, Inc.的1.9倍（$1.2B vs $617.8M），Sunrun Inc.净利率更高（8.9% vs 3.3%，领先5.6%），Sunrun Inc.同比增速更快（123.5% vs 28.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 49.0%）
Hims & Hers Health, Inc.是2017年成立的美国远程医疗企业，面向消费者提供处方药品、非处方药物以及各类个人护理产品，依托线上服务模式为用户打造便捷的健康消费渠道，覆盖日常医疗、个护等多场景需求。
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。
HIMS vs RUN — 直观对比
营收规模更大
RUN
是对方的1.9倍
$617.8M
营收增速更快
RUN
高出95.1%
28.4%
净利率更高
RUN
高出5.6%
3.3%
两年增速更快
RUN
近两年复合增速
49.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $617.8M | $1.2B |
| 净利润 | $20.6M | $103.6M |
| 毛利率 | 71.9% | — |
| 营业利润率 | 1.5% | 8.4% |
| 净利率 | 3.3% | 8.9% |
| 营收同比 | 28.4% | 123.5% |
| 净利润同比 | -20.8% | 103.7% |
| 每股收益（稀释后） | $0.08 | $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HIMSRUN
| Q4 25 | $617.8M | $1.2B | ||
| Q3 25 | $599.0M | $724.6M | ||
| Q2 25 | $544.8M | $569.3M | ||
| Q1 25 | $586.0M | $504.3M | ||
| Q4 24 | $481.1M | $518.5M | ||
| Q3 24 | $401.6M | $537.2M | ||
| Q2 24 | $315.6M | $523.9M | ||
| Q1 24 | $278.2M | $458.2M |
净利润HIMSRUN
| Q4 25 | $20.6M | $103.6M | ||
| Q3 25 | $15.8M | $16.6M | ||
| Q2 25 | $42.5M | $279.8M | ||
| Q1 25 | $49.5M | $50.0M | ||
| Q4 24 | $26.0M | $-2.8B | ||
| Q3 24 | $75.6M | $-83.8M | ||
| Q2 24 | $13.3M | $139.1M | ||
| Q1 24 | $11.1M | $-87.8M |
毛利率HIMSRUN
| Q4 25 | 71.9% | — | ||
| Q3 25 | 73.8% | — | ||
| Q2 25 | 76.4% | — | ||
| Q1 25 | 73.5% | — | ||
| Q4 24 | 76.8% | — | ||
| Q3 24 | 79.2% | — | ||
| Q2 24 | 81.3% | — | ||
| Q1 24 | 82.4% | — |
营业利润率HIMSRUN
| Q4 25 | 1.5% | 8.4% | ||
| Q3 25 | 2.0% | 0.5% | ||
| Q2 25 | 4.9% | -19.7% | ||
| Q1 25 | 9.9% | -22.8% | ||
| Q4 24 | 3.9% | -628.0% | ||
| Q3 24 | 5.6% | -23.8% | ||
| Q2 24 | 3.5% | -24.4% | ||
| Q1 24 | 3.6% | -40.0% |
净利率HIMSRUN
| Q4 25 | 3.3% | 8.9% | ||
| Q3 25 | 2.6% | 2.3% | ||
| Q2 25 | 7.8% | 49.1% | ||
| Q1 25 | 8.4% | 9.9% | ||
| Q4 24 | 5.4% | -542.7% | ||
| Q3 24 | 18.8% | -15.6% | ||
| Q2 24 | 4.2% | 26.5% | ||
| Q1 24 | 4.0% | -19.2% |
每股收益（稀释后）HIMSRUN
| Q4 25 | $0.08 | $0.38 | ||
| Q3 25 | $0.06 | $0.06 | ||
| Q2 25 | $0.17 | $1.07 | ||
| Q1 25 | $0.20 | $0.20 | ||
| Q4 24 | $0.10 | $-12.59 | ||
| Q3 24 | $0.32 | $-0.37 | ||
| Q2 24 | $0.06 | $0.55 | ||
| Q1 24 | $0.05 | $-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 | $228.6M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $540.9M | $3.1B |
| 总资产 | $2.2B | $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HIMSRUN
| Q4 25 | $228.6M | — | ||
| Q3 25 | $345.8M | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $273.7M | — | ||
| Q4 24 | $220.6M | — | ||
| Q3 24 | $165.5M | — | ||
| Q2 24 | $129.3M | — | ||
| Q1 24 | $105.2M | — |
总债务HIMSRUN
| 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HIMSRUN
| Q4 25 | $540.9M | $3.1B | ||
| Q3 25 | $581.0M | $3.0B | ||
| Q2 25 | $562.7M | $2.9B | ||
| Q1 25 | $549.3M | $2.6B | ||
| Q4 24 | $476.7M | $2.6B | ||
| Q3 24 | $440.1M | $5.3B | ||
| Q2 24 | $362.0M | $5.4B | ||
| Q1 24 | $344.5M | $5.2B |
总资产HIMSRUN
| Q4 25 | $2.2B | $22.6B | ||
| Q3 25 | $2.2B | $22.2B | ||
| Q2 25 | $1.9B | $21.2B | ||
| Q1 25 | $891.7M | $20.4B | ||
| Q4 24 | $707.5M | $19.9B | ||
| Q3 24 | $602.3M | $22.1B | ||
| Q2 24 | $480.5M | $21.4B | ||
| Q1 24 | $448.1M | $20.8B |
负债/权益比HIMSRUN
| 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 | $61.3M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | — |
| 自由现金流率自由现金流/营收 | -0.4% | — |
| 资本支出强度资本支出/营收 | 10.3% | — |
| 现金转化率经营现金流/净利润 | 2.98× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $57.4M | — |
8季度趋势，按日历期对齐
经营现金流HIMSRUN
| Q4 25 | $61.3M | $96.9M | ||
| Q3 25 | $148.7M | $-121.5M | ||
| Q2 25 | $-19.1M | $-292.7M | ||
| Q1 25 | $109.1M | $-104.2M | ||
| Q4 24 | $86.4M | $-258.4M | ||
| Q3 24 | $85.3M | $-156.2M | ||
| Q2 24 | $53.6M | $-208.5M | ||
| Q1 24 | $25.8M | $-143.1M |
自由现金流HIMSRUN
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $79.3M | — | ||
| Q2 25 | $-69.5M | — | ||
| Q1 25 | $50.1M | — | ||
| Q4 24 | $59.5M | — | ||
| Q3 24 | $79.4M | $-156.4M | ||
| Q2 24 | $47.6M | — | ||
| Q1 24 | $11.8M | — |
自由现金流率HIMSRUN
| Q4 25 | -0.4% | — | ||
| Q3 25 | 13.2% | — | ||
| Q2 25 | -12.8% | — | ||
| Q1 25 | 8.5% | — | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 19.8% | -29.1% | ||
| Q2 24 | 15.1% | — | ||
| Q1 24 | 4.3% | — |
资本支出强度HIMSRUN
| Q4 25 | 10.3% | — | ||
| Q3 25 | 11.6% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 10.1% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 1.5% | 0.0% | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 5.0% | — |
现金转化率HIMSRUN
| Q4 25 | 2.98× | 0.94× | ||
| Q3 25 | 9.43× | -7.33× | ||
| Q2 25 | -0.45× | -1.05× | ||
| Q1 25 | 2.20× | -2.08× | ||
| Q4 24 | 3.32× | — | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 4.03× | -1.50× | ||
| Q1 24 | 2.32× | — |
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
HIMS
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% |
