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赫兹（HTZ）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
赫兹的季度营收约是Sunrun Inc.的1.8倍（$2.0B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -9.6%，领先18.5%），Sunrun Inc.同比增速更快（123.5% vs -0.6%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -1.3%）
赫兹全球控股是美国知名汽车租赁企业，总部位于佛罗里达州埃斯特罗。公司运营赫兹同名核心品牌，同时拥有Dollar、Firefly、Thrifty等多个汽车租赁子品牌，业务覆盖全球广泛市场，为客户提供多元出行租赁解决方案。
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。
HTZ vs RUN — 直观对比
营收规模更大
HTZ
是对方的1.8倍
$1.2B
营收增速更快
RUN
高出124.1%
-0.6%
净利率更高
RUN
高出18.5%
-9.6%
两年增速更快
RUN
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $-194.0M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | -11.0% | 8.4% |
| 净利率 | -9.6% | 8.9% |
| 营收同比 | -0.6% | 123.5% |
| 净利润同比 | 59.5% | 103.7% |
| 每股收益（稀释后） | $-0.46 | $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HTZRUN
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $2.5B | $724.6M | ||
| Q2 25 | $2.2B | $569.3M | ||
| Q1 25 | $1.8B | $504.3M | ||
| Q4 24 | $2.0B | $518.5M | ||
| Q3 24 | $2.6B | $537.2M | ||
| Q2 24 | $2.4B | $523.9M | ||
| Q1 24 | $2.1B | $458.2M |
净利润HTZRUN
| Q4 25 | $-194.0M | $103.6M | ||
| Q3 25 | $184.0M | $16.6M | ||
| Q2 25 | $-294.0M | $279.8M | ||
| Q1 25 | $-443.0M | $50.0M | ||
| Q4 24 | $-479.0M | $-2.8B | ||
| Q3 24 | $-1.3B | $-83.8M | ||
| Q2 24 | $-865.0M | $139.1M | ||
| Q1 24 | $-186.0M | $-87.8M |
营业利润率HTZRUN
| Q4 25 | -11.0% | 8.4% | ||
| Q3 25 | 9.4% | 0.5% | ||
| Q2 25 | -14.5% | -19.7% | ||
| Q1 25 | -29.0% | -22.8% | ||
| Q4 24 | -27.6% | -628.0% | ||
| Q3 24 | -62.9% | -23.8% | ||
| Q2 24 | -20.1% | -24.4% | ||
| Q1 24 | -27.9% | -40.0% |
净利率HTZRUN
| Q4 25 | -9.6% | 8.9% | ||
| Q3 25 | 7.4% | 2.3% | ||
| Q2 25 | -13.5% | 49.1% | ||
| Q1 25 | -24.4% | 9.9% | ||
| Q4 24 | -23.5% | -542.7% | ||
| Q3 24 | -51.7% | -15.6% | ||
| Q2 24 | -36.8% | 26.5% | ||
| Q1 24 | -8.9% | -19.2% |
每股收益（稀释后）HTZRUN
| Q4 25 | $-0.46 | $0.38 | ||
| Q3 25 | $0.42 | $0.06 | ||
| Q2 25 | $-0.95 | $1.07 | ||
| Q1 25 | $-1.44 | $0.20 | ||
| Q4 24 | $-1.57 | $-12.59 | ||
| Q3 24 | $-4.34 | $-0.37 | ||
| Q2 24 | $-2.82 | $0.55 | ||
| Q1 24 | $-0.61 | $-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 | $565.0M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $-459.0M | $3.1B |
| 总资产 | $22.3B | $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HTZRUN
| Q4 25 | $565.0M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $503.0M | — | ||
| Q1 25 | $626.0M | — | ||
| Q4 24 | $592.0M | — | ||
| Q3 24 | $501.0M | — | ||
| Q2 24 | $568.0M | — | ||
| Q1 24 | $465.0M | — |
总债务HTZRUN
| 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HTZRUN
| Q4 25 | $-459.0M | $3.1B | ||
| Q3 25 | $-317.0M | $3.0B | ||
| Q2 25 | $-504.0M | $2.9B | ||
| Q1 25 | $-262.0M | $2.6B | ||
| Q4 24 | $153.0M | $2.6B | ||
| Q3 24 | $681.0M | $5.3B | ||
| Q2 24 | $2.0B | $5.4B | ||
| Q1 24 | $2.8B | $5.2B |
总资产HTZRUN
| Q4 25 | $22.3B | $22.6B | ||
| Q3 25 | $23.0B | $22.2B | ||
| Q2 25 | $23.1B | $21.2B | ||
| Q1 25 | $22.0B | $20.4B | ||
| Q4 24 | $21.8B | $19.9B | ||
| Q3 24 | $23.0B | $22.1B | ||
| Q2 24 | $25.2B | $21.4B | ||
| Q1 24 | $24.3B | $20.8B |
负债/权益比HTZRUN
| 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 | $193.0M | $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HTZRUN
| Q4 25 | $193.0M | $96.9M | ||
| Q3 25 | $835.0M | $-121.5M | ||
| Q2 25 | $346.0M | $-292.7M | ||
| Q1 25 | $251.0M | $-104.2M | ||
| Q4 24 | $414.0M | $-258.4M | ||
| Q3 24 | $894.0M | $-156.2M | ||
| Q2 24 | $546.0M | $-208.5M | ||
| Q1 24 | $370.0M | $-143.1M |
自由现金流HTZRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-156.4M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率HTZRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -29.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度HTZRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率HTZRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | 4.54× | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | -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
HTZ
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% |
