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KEMPER Corp（KMPR）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KEMPER Corp的1.0倍（$1.2B vs $1.1B），Sunrun Inc.净利率更高（8.9% vs -0.7%，领先9.6%），Sunrun Inc.同比增速更快（123.5% vs -4.7%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -0.5%）
坎伯公司（Kemper Corporation）是总部位于美国伊利诺伊州芝加哥的保险服务商，总资产近130亿美元，旗下品牌矩阵为个人、家庭及企业客户提供多元保险产品服务。
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。
KMPR 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128.2%
-4.7%
净利率更高
RUN
高出9.6%
-0.7%
两年增速更快
RUN
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $-8.0M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | — | 8.4% |
| 净利率 | -0.7% | 8.9% |
| 营收同比 | -4.7% | 123.5% |
| 净利润同比 | -108.2% | 103.7% |
| 每股收益（稀释后） | $-0.03 | $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KMPRRUN
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.2B | $724.6M | ||
| Q2 25 | $1.2B | $569.3M | ||
| Q1 25 | $1.2B | $504.3M | ||
| Q4 24 | $1.2B | $518.5M | ||
| Q3 24 | $1.2B | $537.2M | ||
| Q2 24 | $1.1B | $523.9M | ||
| Q1 24 | $1.1B | $458.2M |
净利润KMPRRUN
| Q4 25 | $-8.0M | $103.6M | ||
| Q3 25 | $-21.0M | $16.6M | ||
| Q2 25 | $72.6M | $279.8M | ||
| Q1 25 | $99.7M | $50.0M | ||
| Q4 24 | $97.4M | $-2.8B | ||
| Q3 24 | $73.7M | $-83.8M | ||
| Q2 24 | $75.4M | $139.1M | ||
| Q1 24 | $71.3M | $-87.8M |
营业利润率KMPRRUN
| Q4 25 | — | 8.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | -19.7% | ||
| Q1 25 | — | -22.8% | ||
| Q4 24 | — | -628.0% | ||
| Q3 24 | 11.2% | -23.8% | ||
| Q2 24 | 10.1% | -24.4% | ||
| Q1 24 | 7.6% | -40.0% |
净利率KMPRRUN
| Q4 25 | -0.7% | 8.9% | ||
| Q3 25 | -1.7% | 2.3% | ||
| Q2 25 | 5.9% | 49.1% | ||
| Q1 25 | 8.4% | 9.9% | ||
| Q4 24 | 8.2% | -542.7% | ||
| Q3 24 | 6.3% | -15.6% | ||
| Q2 24 | 6.7% | 26.5% | ||
| Q1 24 | 6.2% | -19.2% |
每股收益（稀释后）KMPRRUN
| Q4 25 | $-0.03 | $0.38 | ||
| Q3 25 | $-0.34 | $0.06 | ||
| Q2 25 | $1.12 | $1.07 | ||
| Q1 25 | $1.54 | $0.20 | ||
| Q4 24 | $1.51 | $-12.59 | ||
| Q3 24 | $1.14 | $-0.37 | ||
| Q2 24 | $1.16 | $0.55 | ||
| Q1 24 | $1.10 | $-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 | — | — |
| 总债务越低越好 | $943.5M | $14.7B |
| 股东权益账面价值 | $2.7B | $3.1B |
| 总资产 | $12.5B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.35× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资KMPRRUN
| Q4 25 | — | — | ||
| Q3 25 | $371.2M | — | ||
| Q2 25 | $407.6M | — | ||
| Q1 25 | $545.3M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $696.9M | — | ||
| Q2 24 | $539.1M | — | ||
| Q1 24 | $520.7M | — |
总债务KMPRRUN
| Q4 25 | $943.5M | $14.7B | ||
| Q3 25 | $943.1M | $14.6B | ||
| Q2 25 | $942.6M | $14.0B | ||
| Q1 25 | $942.1M | $13.6B | ||
| Q4 24 | $1.4B | $12.9B | ||
| Q3 24 | $1.4B | $12.5B | ||
| Q2 24 | $1.4B | $12.0B | ||
| Q1 24 | $1.4B | $11.1B |
股东权益KMPRRUN
| Q4 25 | $2.7B | $3.1B | ||
| Q3 25 | $2.7B | $3.0B | ||
| Q2 25 | $370.0M | $2.9B | ||
| Q1 25 | $366.0M | $2.6B | ||
| Q4 24 | $2.8B | $2.6B | ||
| Q3 24 | $2.8B | $5.3B | ||
| Q2 24 | $358.0M | $5.4B | ||
| Q1 24 | $2.6B | $5.2B |
总资产KMPRRUN
| Q4 25 | $12.5B | $22.6B | ||
| Q3 25 | $12.4B | $22.2B | ||
| Q2 25 | $12.6B | $21.2B | ||
| Q1 25 | $12.5B | $20.4B | ||
| Q4 24 | $12.6B | $19.9B | ||
| Q3 24 | $12.6B | $22.1B | ||
| Q2 24 | $12.6B | $21.4B | ||
| Q1 24 | $12.6B | $20.8B |
负债/权益比KMPRRUN
| Q4 25 | 0.35× | 4.69× | ||
| Q3 25 | 0.35× | 4.90× | ||
| Q2 25 | 2.55× | 4.80× | ||
| Q1 25 | 2.57× | 5.19× | ||
| Q4 24 | 0.50× | 5.05× | ||
| Q3 24 | 0.50× | 2.36× | ||
| Q2 24 | 3.88× | 2.23× | ||
| Q1 24 | 0.54× | 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 | $175.0M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $166.2M | — |
| 自由现金流率自由现金流/营收 | 14.7% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 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 | $553.9M | — |
8季度趋势，按日历期对齐
经营现金流KMPRRUN
| Q4 25 | $175.0M | $96.9M | ||
| Q3 25 | $139.9M | $-121.5M | ||
| Q2 25 | $89.6M | $-292.7M | ||
| Q1 25 | $180.0M | $-104.2M | ||
| Q4 24 | $175.1M | $-258.4M | ||
| Q3 24 | $141.9M | $-156.2M | ||
| Q2 24 | $22.9M | $-208.5M | ||
| Q1 24 | $43.0M | $-143.1M |
自由现金流KMPRRUN
| Q4 25 | $166.2M | — | ||
| Q3 25 | $133.4M | — | ||
| Q2 25 | $82.0M | — | ||
| Q1 25 | $172.3M | — | ||
| Q4 24 | $165.4M | — | ||
| Q3 24 | $131.4M | $-156.4M | ||
| Q2 24 | $5.2M | — | ||
| Q1 24 | $27.7M | — |
自由现金流率KMPRRUN
| Q4 25 | 14.7% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 6.7% | — | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 11.1% | -29.1% | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 2.4% | — |
资本支出强度KMPRRUN
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.9% | 0.0% | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 1.3% | — |
现金转化率KMPRRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | 1.23× | -1.05× | ||
| Q1 25 | 1.81× | -2.08× | ||
| Q4 24 | 1.80× | — | ||
| Q3 24 | 1.93× | — | ||
| Q2 24 | 0.30× | -1.50× | ||
| Q1 24 | 0.60× | — |
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
KMPR
| Specialty Property Casualty Insurance Segment | $995.1M | 88% |
| Life Insurance Segment1 | $140.7M | 12% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
