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Jackson Financial Inc.（JXN）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Jackson Financial Inc.的季度营收约是Sunrun Inc.的1.7倍（$2.0B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -10.3%，领先19.2%），Jackson Financial Inc.同比增速更快（783.6% vs 123.5%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 50.1%）
本公司是美国大型金融服务企业，旗下子公司面向美国及全球逾40个国家的零售与机构客户，提供保险、退休规划、投资管理等多元产品及服务。2019年为美国最大保险提供商，总资产达8151亿美元，入选《财富》世界500强及美国500强榜单。
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。
JXN vs RUN — 直观对比
营收规模更大
JXN
是对方的1.7倍
$1.2B
营收增速更快
JXN
高出660.1%
123.5%
净利率更高
RUN
高出19.2%
-10.3%
两年增速更快
RUN
近两年复合增速
50.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $-204.0M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | -18.0% | 8.4% |
| 净利率 | -10.3% | 8.9% |
| 营收同比 | 783.6% | 123.5% |
| 净利润同比 | -159.1% | 103.7% |
| 每股收益（稀释后） | $-3.02 | $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JXNRUN
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $1.4B | $724.6M | ||
| Q2 25 | $-471.0M | $569.3M | ||
| Q1 25 | $3.8B | $504.3M | ||
| Q4 24 | — | $518.5M | ||
| Q3 24 | $2.1B | $537.2M | ||
| Q2 24 | $1.2B | $523.9M | ||
| Q1 24 | $-322.0M | $458.2M |
净利润JXNRUN
| Q4 25 | $-204.0M | $103.6M | ||
| Q3 25 | $76.0M | $16.6M | ||
| Q2 25 | $179.0M | $279.8M | ||
| Q1 25 | $-24.0M | $50.0M | ||
| Q4 24 | — | $-2.8B | ||
| Q3 24 | $-469.0M | $-83.8M | ||
| Q2 24 | $275.0M | $139.1M | ||
| Q1 24 | $795.0M | $-87.8M |
营业利润率JXNRUN
| Q4 25 | -18.0% | 8.4% | ||
| Q3 25 | 5.1% | 0.5% | ||
| Q2 25 | — | -19.7% | ||
| Q1 25 | -0.5% | -22.8% | ||
| Q4 24 | — | -628.0% | ||
| Q3 24 | -27.3% | -23.8% | ||
| Q2 24 | 25.5% | -24.4% | ||
| Q1 24 | — | -40.0% |
净利率JXNRUN
| Q4 25 | -10.3% | 8.9% | ||
| Q3 25 | 5.4% | 2.3% | ||
| Q2 25 | -38.0% | 49.1% | ||
| Q1 25 | -0.6% | 9.9% | ||
| Q4 24 | — | -542.7% | ||
| Q3 24 | -22.1% | -15.6% | ||
| Q2 24 | 22.1% | 26.5% | ||
| Q1 24 | -246.9% | -19.2% |
每股收益（稀释后）JXNRUN
| Q4 25 | $-3.02 | $0.38 | ||
| Q3 25 | $0.92 | $0.06 | ||
| Q2 25 | $2.34 | $1.07 | ||
| Q1 25 | $-0.48 | $0.20 | ||
| Q4 24 | — | $-12.59 | ||
| Q3 24 | $-6.37 | $-0.37 | ||
| Q2 24 | $3.43 | $0.55 | ||
| Q1 24 | $9.94 | $-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 | $5.7B | — |
| 总债务越低越好 | $2.0B | $14.7B |
| 股东权益账面价值 | $10.0B | $3.1B |
| 总资产 | $352.6B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.20× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资JXNRUN
| Q4 25 | $5.7B | — | ||
| Q3 25 | $4.6B | — | ||
| Q2 25 | $3.8B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $2.5B | — |
总债务JXNRUN
| Q4 25 | $2.0B | $14.7B | ||
| Q3 25 | $2.0B | $14.6B | ||
| Q2 25 | $2.0B | $14.0B | ||
| Q1 25 | $2.0B | $13.6B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | $2.0B | $12.5B | ||
| Q2 24 | $2.0B | $12.0B | ||
| Q1 24 | $2.0B | $11.1B |
股东权益JXNRUN
| Q4 25 | $10.0B | $3.1B | ||
| Q3 25 | $10.2B | $3.0B | ||
| Q2 25 | $10.4B | $2.9B | ||
| Q1 25 | $10.3B | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $10.7B | $5.3B | ||
| Q2 24 | $10.1B | $5.4B | ||
| Q1 24 | $10.2B | $5.2B |
总资产JXNRUN
| Q4 25 | $352.6B | $22.6B | ||
| Q3 25 | $353.6B | $22.2B | ||
| Q2 25 | $343.7B | $21.2B | ||
| Q1 25 | $327.2B | $20.4B | ||
| Q4 24 | — | $19.9B | ||
| Q3 24 | $345.7B | $22.1B | ||
| Q2 24 | $337.8B | $21.4B | ||
| Q1 24 | $340.3B | $20.8B |
负债/权益比JXNRUN
| Q4 25 | 0.20× | 4.69× | ||
| Q3 25 | 0.20× | 4.90× | ||
| Q2 25 | 0.20× | 4.80× | ||
| Q1 25 | 0.20× | 5.19× | ||
| Q4 24 | — | 5.05× | ||
| Q3 24 | 0.19× | 2.36× | ||
| Q2 24 | 0.20× | 2.23× | ||
| Q1 24 | 0.20× | 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 | $1.6B | $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JXNRUN
| Q4 25 | $1.6B | $96.9M | ||
| Q3 25 | $1.4B | $-121.5M | ||
| Q2 25 | $1.2B | $-292.7M | ||
| Q1 25 | $1.6B | $-104.2M | ||
| Q4 24 | — | $-258.4M | ||
| Q3 24 | $1.4B | $-156.2M | ||
| Q2 24 | $1.5B | $-208.5M | ||
| Q1 24 | $1.4B | $-143.1M |
自由现金流JXNRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-156.4M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率JXNRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -29.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度JXNRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率JXNRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | 18.03× | -7.33× | ||
| Q2 25 | 6.55× | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.37× | -1.50× | ||
| Q1 24 | 1.79× | — |
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
JXN
| Retail Annuities Segment | $1.5B | 74% |
| Closed Life And Annuity Blocks Segment | $298.0M | 15% |
| Institutional Products Segment | $146.0M | 7% |
| Other | $70.0M | 4% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
