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JELD-WEN Holding, Inc.（JELD）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JELD-WEN Holding, Inc.的1.4倍（$1.2B vs $802.0M），Sunrun Inc.净利率更高（8.9% vs -5.2%，领先14.2%），Sunrun Inc.同比增速更快（123.5% vs -10.5%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -8.6%）
JELD-WEN是一家总部位于美国北卡罗来纳州夏洛特的企业，在全球19个国家运营着超过120家生产基地。公司主营设计、生产并销售室内外门窗、各类材质窗品、墙体系统、淋浴隔断、衣帽间系统等建筑部件，产品广泛应用于住宅与非住宅建筑的新建、维修及改造工程。
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。
JELD vs RUN — 直观对比
营收规模更大
RUN
是对方的1.4倍
$802.0M
营收增速更快
RUN
高出134.0%
-10.5%
净利率更高
RUN
高出14.2%
-5.2%
两年增速更快
RUN
近两年复合增速
-8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $802.0M | $1.2B |
| 净利润 | $-41.9M | $103.6M |
| 毛利率 | 14.7% | — |
| 营业利润率 | -1.8% | 8.4% |
| 净利率 | -5.2% | 8.9% |
| 营收同比 | -10.5% | 123.5% |
| 净利润同比 | 38.7% | 103.7% |
| 每股收益（稀释后） | $-0.50 | $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JELDRUN
| Q4 25 | $802.0M | $1.2B | ||
| Q3 25 | $809.5M | $724.6M | ||
| Q2 25 | $823.7M | $569.3M | ||
| Q1 25 | $776.0M | $504.3M | ||
| Q4 24 | $895.7M | $518.5M | ||
| Q3 24 | $934.7M | $537.2M | ||
| Q2 24 | $986.0M | $523.9M | ||
| Q1 24 | $959.1M | $458.2M |
净利润JELDRUN
| Q4 25 | $-41.9M | $103.6M | ||
| Q3 25 | $-367.6M | $16.6M | ||
| Q2 25 | $-21.5M | $279.8M | ||
| Q1 25 | $-190.1M | $50.0M | ||
| Q4 24 | $-68.4M | $-2.8B | ||
| Q3 24 | $-74.4M | $-83.8M | ||
| Q2 24 | $-18.5M | $139.1M | ||
| Q1 24 | $-27.7M | $-87.8M |
毛利率JELDRUN
| Q4 25 | 14.7% | — | ||
| Q3 25 | 17.4% | — | ||
| Q2 25 | 17.4% | — | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 19.2% | — | ||
| Q2 24 | 19.3% | — | ||
| Q1 24 | 18.0% | — |
营业利润率JELDRUN
| Q4 25 | -1.8% | 8.4% | ||
| Q3 25 | -25.0% | 0.5% | ||
| Q2 25 | -1.7% | -19.7% | ||
| Q1 25 | -23.8% | -22.8% | ||
| Q4 24 | -5.7% | -628.0% | ||
| Q3 24 | -5.6% | -23.8% | ||
| Q2 24 | 0.5% | -24.4% | ||
| Q1 24 | -2.9% | -40.0% |
净利率JELDRUN
| Q4 25 | -5.2% | 8.9% | ||
| Q3 25 | -45.4% | 2.3% | ||
| Q2 25 | -2.6% | 49.1% | ||
| Q1 25 | -24.5% | 9.9% | ||
| Q4 24 | -7.6% | -542.7% | ||
| Q3 24 | -8.0% | -15.6% | ||
| Q2 24 | -1.9% | 26.5% | ||
| Q1 24 | -2.9% | -19.2% |
每股收益（稀释后）JELDRUN
| Q4 25 | $-0.50 | $0.38 | ||
| Q3 25 | $-4.30 | $0.06 | ||
| Q2 25 | $-0.25 | $1.07 | ||
| Q1 25 | $-2.24 | $0.20 | ||
| Q4 24 | $-0.80 | $-12.59 | ||
| Q3 24 | $-0.88 | $-0.37 | ||
| Q2 24 | $-0.22 | $0.55 | ||
| Q1 24 | $-0.32 | $-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 | $136.1M | — |
| 总债务越低越好 | $1.1B | $14.7B |
| 股东权益账面价值 | $92.2M | $3.1B |
| 总资产 | $2.1B | $22.6B |
| 负债/权益比越低杠杆越低 | 12.47× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资JELDRUN
| Q4 25 | $136.1M | — | ||
| Q3 25 | $106.7M | — | ||
| Q2 25 | $134.1M | — | ||
| Q1 25 | $132.5M | — | ||
| Q4 24 | $150.3M | — | ||
| Q3 24 | $208.5M | — | ||
| Q2 24 | $212.8M | — | ||
| Q1 24 | $234.5M | — |
总债务JELDRUN
| Q4 25 | $1.1B | $14.7B | ||
| Q3 25 | $1.2B | $14.6B | ||
| Q2 25 | $1.2B | $14.0B | ||
| Q1 25 | $1.2B | $13.6B | ||
| Q4 24 | $1.2B | $12.9B | ||
| Q3 24 | $1.2B | $12.5B | ||
| Q2 24 | $1.2B | $12.0B | ||
| Q1 24 | $1.2B | $11.1B |
股东权益JELDRUN
| Q4 25 | $92.2M | $3.1B | ||
| Q3 25 | $113.9M | $3.0B | ||
| Q2 25 | $477.1M | $2.9B | ||
| Q1 25 | $452.1M | $2.6B | ||
| Q4 24 | $620.1M | $2.6B | ||
| Q3 24 | $720.3M | $5.3B | ||
| Q2 24 | $770.0M | $5.4B | ||
| Q1 24 | $811.5M | $5.2B |
总资产JELDRUN
| Q4 25 | $2.1B | $22.6B | ||
| Q3 25 | $2.2B | $22.2B | ||
| Q2 25 | $2.5B | $21.2B | ||
| Q1 25 | $2.4B | $20.4B | ||
| Q4 24 | $2.6B | $19.9B | ||
| Q3 24 | $2.8B | $22.1B | ||
| Q2 24 | $2.9B | $21.4B | ||
| Q1 24 | $2.9B | $20.8B |
负债/权益比JELDRUN
| Q4 25 | 12.47× | 4.69× | ||
| Q3 25 | 10.14× | 4.90× | ||
| Q2 25 | 2.42× | 4.80× | ||
| Q1 25 | 2.56× | 5.19× | ||
| Q4 24 | 1.86× | 5.05× | ||
| Q3 24 | 1.64× | 2.36× | ||
| Q2 24 | 1.53× | 2.23× | ||
| Q1 24 | 1.46× | 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 | $32.8M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $3.4M | — |
| 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 | 3.7% | — |
| 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 | $-124.6M | — |
8季度趋势，按日历期对齐
经营现金流JELDRUN
| Q4 25 | $32.8M | $96.9M | ||
| Q3 25 | $11.2M | $-121.5M | ||
| Q2 25 | $34.6M | $-292.7M | ||
| Q1 25 | $-83.5M | $-104.2M | ||
| Q4 24 | $28.2M | $-258.4M | ||
| Q3 24 | $37.6M | $-156.2M | ||
| Q2 24 | $51.4M | $-208.5M | ||
| Q1 24 | $-11.0M | $-143.1M |
自由现金流JELDRUN
| Q4 25 | $3.4M | — | ||
| Q3 25 | $-13.1M | — | ||
| Q2 25 | $5.3M | — | ||
| Q1 25 | $-120.3M | — | ||
| Q4 24 | $-23.9M | — | ||
| Q3 24 | $-4.3M | $-156.4M | ||
| Q2 24 | $14.7M | — | ||
| Q1 24 | $-42.2M | — |
自由现金流率JELDRUN
| Q4 25 | 0.4% | — | ||
| Q3 25 | -1.6% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | -15.5% | — | ||
| Q4 24 | -2.7% | — | ||
| Q3 24 | -0.5% | -29.1% | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | -4.4% | — |
资本支出强度JELDRUN
| Q4 25 | 3.7% | — | ||
| Q3 25 | 3.0% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 4.5% | 0.0% | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 3.3% | — |
现金转化率JELDRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -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
JELD
| North America Segment | $522.0M | 65% |
| Europe Segment | $280.0M | 35% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
