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iHeartMedia, Inc.（IHRT）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iHeartMedia, Inc.的1.0倍（$1.2B vs $1.1B），Sunrun Inc.净利率更高（8.9% vs -3.7%，领先12.7%），Sunrun Inc.同比增速更快（123.5% vs 0.8%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 18.8%）
iHeartMedia是一家总部位于美国德克萨斯州圣安东尼奥的大众传媒企业，前身为清晰频道通信公司，1972年由劳里·梅斯与雷德·麦库姆斯创立，2008年由贝恩资本和托马斯·李合作伙伴公司通过杠杆收购完成私有化，目前是美国知名的传媒控股集团。
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。
IHRT vs RUN — 直观对比
营收规模更大
RUN
是对方的1.0倍
$1.1B
营收增速更快
RUN
高出122.7%
0.8%
净利率更高
RUN
高出12.7%
-3.7%
两年增速更快
RUN
近两年复合增速
18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $-41.9M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 7.6% | 8.4% |
| 净利率 | -3.7% | 8.9% |
| 营收同比 | 0.8% | 123.5% |
| 净利润同比 | -233.1% | 103.7% |
| 每股收益（稀释后） | $-0.25 | $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IHRTRUN
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $997.0M | $724.6M | ||
| Q2 25 | $933.7M | $569.3M | ||
| Q1 25 | $807.1M | $504.3M | ||
| Q4 24 | $1.1B | $518.5M | ||
| Q3 24 | $1.0B | $537.2M | ||
| Q2 24 | $929.1M | $523.9M | ||
| Q1 24 | $799.0M | $458.2M |
净利润IHRTRUN
| Q4 25 | $-41.9M | $103.6M | ||
| Q3 25 | $-66.3M | $16.6M | ||
| Q2 25 | $-83.5M | $279.8M | ||
| Q1 25 | $-281.2M | $50.0M | ||
| Q4 24 | $31.5M | $-2.8B | ||
| Q3 24 | $-41.3M | $-83.8M | ||
| Q2 24 | $-981.7M | $139.1M | ||
| Q1 24 | $-18.5M | $-87.8M |
营业利润率IHRTRUN
| Q4 25 | 7.6% | 8.4% | ||
| Q3 25 | -11.7% | 0.5% | ||
| Q2 25 | 3.8% | -19.7% | ||
| Q1 25 | -3.2% | -22.8% | ||
| Q4 24 | 9.3% | -628.0% | ||
| Q3 24 | 7.6% | -23.8% | ||
| Q2 24 | -97.9% | -24.4% | ||
| Q1 24 | -4.3% | -40.0% |
净利率IHRTRUN
| Q4 25 | -3.7% | 8.9% | ||
| Q3 25 | -6.6% | 2.3% | ||
| Q2 25 | -8.9% | 49.1% | ||
| Q1 25 | -34.8% | 9.9% | ||
| Q4 24 | 2.8% | -542.7% | ||
| Q3 24 | -4.1% | -15.6% | ||
| Q2 24 | -105.7% | 26.5% | ||
| Q1 24 | -2.3% | -19.2% |
每股收益（稀释后）IHRTRUN
| Q4 25 | $-0.25 | $0.38 | ||
| Q3 25 | $-0.43 | $0.06 | ||
| Q2 25 | $-0.54 | $1.07 | ||
| Q1 25 | $-1.84 | $0.20 | ||
| Q4 24 | $0.21 | $-12.59 | ||
| Q3 24 | $-0.27 | $-0.37 | ||
| Q2 24 | $-6.50 | $0.55 | ||
| Q1 24 | $-0.12 | $-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 | $270.9M | — |
| 总债务越低越好 | $5.1B | $14.7B |
| 股东权益账面价值 | $-1.8B | $3.1B |
| 总资产 | $5.1B | $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IHRTRUN
| Q4 25 | $270.9M | — | ||
| Q3 25 | $192.2M | — | ||
| Q2 25 | $235.9M | — | ||
| Q1 25 | $167.7M | — | ||
| Q4 24 | $259.6M | — | ||
| Q3 24 | $431.8M | — | ||
| Q2 24 | $364.7M | — | ||
| Q1 24 | $361.4M | — |
总债务IHRTRUN
| Q4 25 | $5.1B | $14.7B | ||
| Q3 25 | $5.1B | $14.6B | ||
| Q2 25 | $5.1B | $14.0B | ||
| Q1 25 | $5.1B | $13.6B | ||
| Q4 24 | $5.1B | $12.9B | ||
| Q3 24 | $5.2B | $12.5B | ||
| Q2 24 | $5.2B | $12.0B | ||
| Q1 24 | $5.1B | $11.1B |
股东权益IHRTRUN
| Q4 25 | $-1.8B | $3.1B | ||
| Q3 25 | $-1.8B | $3.0B | ||
| Q2 25 | $-1.7B | $2.9B | ||
| Q1 25 | $-1.6B | $2.6B | ||
| Q4 24 | $-1.4B | $2.6B | ||
| Q3 24 | $-1.4B | $5.3B | ||
| Q2 24 | $-1.4B | $5.4B | ||
| Q1 24 | $-398.6M | $5.2B |
总资产IHRTRUN
| Q4 25 | $5.1B | $22.6B | ||
| Q3 25 | $5.1B | $22.2B | ||
| Q2 25 | $5.4B | $21.2B | ||
| Q1 25 | $5.3B | $20.4B | ||
| Q4 24 | $5.6B | $19.9B | ||
| Q3 24 | $5.8B | $22.1B | ||
| Q2 24 | $5.8B | $21.4B | ||
| Q1 24 | $6.8B | $20.8B |
负债/权益比IHRTRUN
| 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 | $156.3M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $137.6M | — |
| 自由现金流率自由现金流/营收 | 12.2% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 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 | $10.9M | — |
8季度趋势，按日历期对齐
经营现金流IHRTRUN
| Q4 25 | $156.3M | $96.9M | ||
| Q3 25 | $-9.5M | $-121.5M | ||
| Q2 25 | $6.8M | $-292.7M | ||
| Q1 25 | $-60.9M | $-104.2M | ||
| Q4 24 | $1.2M | $-258.4M | ||
| Q3 24 | $102.8M | $-156.2M | ||
| Q2 24 | $26.7M | $-208.5M | ||
| Q1 24 | $-59.3M | $-143.1M |
自由现金流IHRTRUN
| Q4 25 | $137.6M | — | ||
| Q3 25 | $-32.8M | — | ||
| Q2 25 | $-13.2M | — | ||
| Q1 25 | $-80.7M | — | ||
| Q4 24 | $-24.2M | — | ||
| Q3 24 | $73.3M | $-156.4M | ||
| Q2 24 | $5.6M | — | ||
| Q1 24 | $-80.9M | — |
自由现金流率IHRTRUN
| Q4 25 | 12.2% | — | ||
| Q3 25 | -3.3% | — | ||
| Q2 25 | -1.4% | — | ||
| Q1 25 | -10.0% | — | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | 7.3% | -29.1% | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | -10.1% | — |
资本支出强度IHRTRUN
| Q4 25 | 1.7% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 2.9% | 0.0% | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | 2.7% | — |
现金转化率IHRTRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | 0.04× | — | ||
| 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
IHRT
| Broadcast Radio | $469.9M | 42% |
| Digital Non Podcast | $212.9M | 19% |
| Tradeand Barter Transactions | $124.4M | 11% |
| Networks | $118.2M | 10% |
| Audio And Media Services Group Segment | $78.9M | 7% |
| Sponsorship And Events | $71.4M | 6% |
| Advertising Trade And Barter Transactions | $23.7M | 2% |
| Other | $22.7M | 2% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
