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KinderCare Learning Companies, Inc.（KLC）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KinderCare Learning Companies, Inc.的1.7倍（$1.2B vs $676.8M），Sunrun Inc.净利率更高（8.9% vs 0.7%，领先8.3%），Sunrun Inc.同比增速更快（123.5% vs 0.8%）
金德凯尔学习公司是1969年成立的美国营利性早教与托育机构运营商，总部位于俄勒冈州波特兰市，服务覆盖全美39个州及华盛顿哥伦比亚特区，目前在全美拥有超1250家教学点，在读儿童约20万人，面向出生6周至12岁的儿童提供教育项目，是俄勒冈州第三大私营企业。
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。
KLC vs RUN — 直观对比
营收规模更大
RUN
是对方的1.7倍
$676.8M
营收增速更快
RUN
高出122.7%
0.8%
净利率更高
RUN
高出8.3%
0.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $676.8M | $1.2B |
| 净利润 | $4.5M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 3.9% | 8.4% |
| 净利率 | 0.7% | 8.9% |
| 营收同比 | 0.8% | 123.5% |
| 净利润同比 | -67.4% | 103.7% |
| 每股收益（稀释后） | $0.04 | $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KLCRUN
| Q4 25 | — | $1.2B | ||
| Q3 25 | $676.8M | $724.6M | ||
| Q2 25 | $700.1M | $569.3M | ||
| Q1 25 | $668.2M | $504.3M | ||
| Q4 24 | $647.0M | $518.5M | ||
| Q3 24 | $671.5M | $537.2M | ||
| Q2 24 | — | $523.9M | ||
| Q1 24 | — | $458.2M |
净利润KLCRUN
| Q4 25 | — | $103.6M | ||
| Q3 25 | $4.5M | $16.6M | ||
| Q2 25 | $38.6M | $279.8M | ||
| Q1 25 | $21.2M | $50.0M | ||
| Q4 24 | $-133.6M | $-2.8B | ||
| Q3 24 | $14.0M | $-83.8M | ||
| Q2 24 | — | $139.1M | ||
| Q1 24 | — | $-87.8M |
营业利润率KLCRUN
| Q4 25 | — | 8.4% | ||
| Q3 25 | 3.9% | 0.5% | ||
| Q2 25 | 9.8% | -19.7% | ||
| Q1 25 | 7.3% | -22.8% | ||
| Q4 24 | -13.8% | -628.0% | ||
| Q3 24 | 8.1% | -23.8% | ||
| Q2 24 | — | -24.4% | ||
| Q1 24 | — | -40.0% |
净利率KLCRUN
| Q4 25 | — | 8.9% | ||
| Q3 25 | 0.7% | 2.3% | ||
| Q2 25 | 5.5% | 49.1% | ||
| Q1 25 | 3.2% | 9.9% | ||
| Q4 24 | -20.6% | -542.7% | ||
| Q3 24 | 2.1% | -15.6% | ||
| Q2 24 | — | 26.5% | ||
| Q1 24 | — | -19.2% |
每股收益（稀释后）KLCRUN
| Q4 25 | — | $0.38 | ||
| Q3 25 | $0.04 | $0.06 | ||
| Q2 25 | $0.33 | $1.07 | ||
| Q1 25 | $0.18 | $0.20 | ||
| Q4 24 | $-1.17 | $-12.59 | ||
| Q3 24 | $0.15 | $-0.37 | ||
| Q2 24 | — | $0.55 | ||
| Q1 24 | — | $-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 | $174.7M | — |
| 总债务越低越好 | $930.9M | $14.7B |
| 股东权益账面价值 | $931.2M | $3.1B |
| 总资产 | $3.9B | $22.6B |
| 负债/权益比越低杠杆越低 | 1.00× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资KLCRUN
| Q4 25 | — | — | ||
| Q3 25 | $174.7M | — | ||
| Q2 25 | $119.0M | — | ||
| Q1 25 | $131.3M | — | ||
| Q4 24 | $62.3M | — | ||
| Q3 24 | $137.2M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务KLCRUN
| Q4 25 | — | $14.7B | ||
| Q3 25 | $930.9M | $14.6B | ||
| Q2 25 | $926.5M | $14.0B | ||
| Q1 25 | $927.4M | $13.6B | ||
| Q4 24 | $926.0M | $12.9B | ||
| Q3 24 | $1.5B | $12.5B | ||
| Q2 24 | — | $12.0B | ||
| Q1 24 | — | $11.1B |
股东权益KLCRUN
| Q4 25 | — | $3.1B | ||
| Q3 25 | $931.2M | $3.0B | ||
| Q2 25 | $924.3M | $2.9B | ||
| Q1 25 | $884.9M | $2.6B | ||
| Q4 24 | $864.5M | $2.6B | ||
| Q3 24 | $235.6M | $5.3B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.2B |
总资产KLCRUN
| Q4 25 | — | $22.6B | ||
| Q3 25 | $3.9B | $22.2B | ||
| Q2 25 | $3.8B | $21.2B | ||
| Q1 25 | $3.7B | $20.4B | ||
| Q4 24 | $3.6B | $19.9B | ||
| Q3 24 | $3.7B | $22.1B | ||
| Q2 24 | — | $21.4B | ||
| Q1 24 | — | $20.8B |
负债/权益比KLCRUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | 1.00× | 4.90× | ||
| Q2 25 | 1.00× | 4.80× | ||
| Q1 25 | 1.05× | 5.19× | ||
| Q4 24 | 1.07× | 5.05× | ||
| Q3 24 | 6.42× | 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 | $100.8M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $62.6M | — |
| 自由现金流率自由现金流/营收 | 9.2% | — |
| 资本支出强度资本支出/营收 | 5.6% | — |
| 现金转化率经营现金流/净利润 | 22.15× | 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KLCRUN
| Q4 25 | — | $96.9M | ||
| Q3 25 | $100.8M | $-121.5M | ||
| Q2 25 | $35.0M | $-292.7M | ||
| Q1 25 | $98.4M | $-104.2M | ||
| Q4 24 | — | $-258.4M | ||
| Q3 24 | — | $-156.2M | ||
| Q2 24 | — | $-208.5M | ||
| Q1 24 | — | $-143.1M |
自由现金流KLCRUN
| Q4 25 | — | — | ||
| Q3 25 | $62.6M | — | ||
| Q2 25 | $671.0K | — | ||
| Q1 25 | $75.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-156.4M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率KLCRUN
| Q4 25 | — | — | ||
| Q3 25 | 9.2% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -29.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度KLCRUN
| Q4 25 | — | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率KLCRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | 22.15× | -7.33× | ||
| Q2 25 | 0.91× | -1.05× | ||
| Q1 25 | 4.65× | -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
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
