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Knife River Corp（KNF）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Knife River Corp的1.5倍（$1.2B vs $755.1M），Sunrun Inc.净利率更高（8.9% vs 4.2%，领先4.7%），Sunrun Inc.同比增速更快（123.5% vs 14.9%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 51.4%）
哥伦比亚河刀具工具公司（CRKT）是1994年成立的美国刀具企业，总部位于美国俄勒冈州图拉丁，主营各类刀具相关产品，目前由罗德·布雷默担任总裁兼销售主管，佩吉·布雷默担任财务主管。
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。
KNF vs RUN — 直观对比
营收规模更大
RUN
是对方的1.5倍
$755.1M
营收增速更快
RUN
高出108.6%
14.9%
净利率更高
RUN
高出4.7%
4.2%
两年增速更快
RUN
近两年复合增速
51.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $755.1M | $1.2B |
| 净利润 | $32.0M | $103.6M |
| 毛利率 | 19.2% | — |
| 营业利润率 | 8.6% | 8.4% |
| 净利率 | 4.2% | 8.9% |
| 营收同比 | 14.9% | 123.5% |
| 净利润同比 | 37.6% | 103.7% |
| 每股收益（稀释后） | $0.56 | $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KNFRUN
| Q4 25 | $755.1M | $1.2B | ||
| Q3 25 | $1.2B | $724.6M | ||
| Q2 25 | $833.8M | $569.3M | ||
| Q1 25 | $353.5M | $504.3M | ||
| Q4 24 | $657.2M | $518.5M | ||
| Q3 24 | $1.1B | $537.2M | ||
| Q2 24 | $806.9M | $523.9M | ||
| Q1 24 | $329.6M | $458.2M |
净利润KNFRUN
| Q4 25 | $32.0M | $103.6M | ||
| Q3 25 | $143.2M | $16.6M | ||
| Q2 25 | $50.6M | $279.8M | ||
| Q1 25 | $-68.7M | $50.0M | ||
| Q4 24 | $23.3M | $-2.8B | ||
| Q3 24 | $148.1M | $-83.8M | ||
| Q2 24 | $77.9M | $139.1M | ||
| Q1 24 | $-47.6M | $-87.8M |
毛利率KNFRUN
| Q4 25 | 19.2% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 18.9% | — | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 21.8% | — | ||
| Q1 24 | 2.0% | — |
营业利润率KNFRUN
| Q4 25 | 8.6% | 8.4% | ||
| Q3 25 | 17.9% | 0.5% | ||
| Q2 25 | 10.6% | -19.7% | ||
| Q1 25 | -23.4% | -22.8% | ||
| Q4 24 | 6.7% | -628.0% | ||
| Q3 24 | 18.9% | -23.8% | ||
| Q2 24 | 14.5% | -24.4% | ||
| Q1 24 | -16.3% | -40.0% |
净利率KNFRUN
| Q4 25 | 4.2% | 8.9% | ||
| Q3 25 | 11.9% | 2.3% | ||
| Q2 25 | 6.1% | 49.1% | ||
| Q1 25 | -19.4% | 9.9% | ||
| Q4 24 | 3.5% | -542.7% | ||
| Q3 24 | 13.4% | -15.6% | ||
| Q2 24 | 9.7% | 26.5% | ||
| Q1 24 | -14.5% | -19.2% |
每股收益（稀释后）KNFRUN
| Q4 25 | $0.56 | $0.38 | ||
| Q3 25 | $2.52 | $0.06 | ||
| Q2 25 | $0.89 | $1.07 | ||
| Q1 25 | $-1.21 | $0.20 | ||
| Q4 24 | $0.42 | $-12.59 | ||
| Q3 24 | $2.60 | $-0.37 | ||
| Q2 24 | $1.37 | $0.55 | ||
| Q1 24 | $-0.84 | $-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 | $73.8M | — |
| 总债务越低越好 | $1.2B | $14.7B |
| 股东权益账面价值 | $1.6B | $3.1B |
| 总资产 | $3.7B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.71× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资KNFRUN
| Q4 25 | $73.8M | — | ||
| Q3 25 | $30.7M | — | ||
| Q2 25 | $26.6M | — | ||
| Q1 25 | $86.1M | — | ||
| Q4 24 | $236.8M | — | ||
| Q3 24 | $220.4M | — | ||
| Q2 24 | $15.5M | — | ||
| Q1 24 | $128.4M | — |
总债务KNFRUN
| Q4 25 | $1.2B | $14.7B | ||
| Q3 25 | $1.2B | $14.6B | ||
| Q2 25 | $1.4B | $14.0B | ||
| Q1 25 | $1.2B | $13.6B | ||
| Q4 24 | $677.4M | $12.9B | ||
| Q3 24 | $678.5M | $12.5B | ||
| Q2 24 | $679.5M | $12.0B | ||
| Q1 24 | $680.6M | $11.1B |
股东权益KNFRUN
| Q4 25 | $1.6B | $3.1B | ||
| Q3 25 | $1.6B | $3.0B | ||
| Q2 25 | $1.5B | $2.9B | ||
| Q1 25 | $1.4B | $2.6B | ||
| Q4 24 | $1.5B | $2.6B | ||
| Q3 24 | $1.4B | $5.3B | ||
| Q2 24 | $1.3B | $5.4B | ||
| Q1 24 | $1.2B | $5.2B |
总资产KNFRUN
| Q4 25 | $3.7B | $22.6B | ||
| Q3 25 | $3.7B | $22.2B | ||
| Q2 25 | $3.6B | $21.2B | ||
| Q1 25 | $3.3B | $20.4B | ||
| Q4 24 | $2.9B | $19.9B | ||
| Q3 24 | $2.9B | $22.1B | ||
| Q2 24 | $2.7B | $21.4B | ||
| Q1 24 | $2.5B | $20.8B |
负债/权益比KNFRUN
| Q4 25 | 0.71× | 4.69× | ||
| Q3 25 | 0.74× | 4.90× | ||
| Q2 25 | 0.93× | 4.80× | ||
| Q1 25 | 0.83× | 5.19× | ||
| Q4 24 | 0.46× | 5.05× | ||
| Q3 24 | 0.47× | 2.36× | ||
| Q2 24 | 0.52× | 2.23× | ||
| Q1 24 | 0.56× | 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 | $195.9M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $138.2M | — |
| 自由现金流率自由现金流/营收 | 18.3% | — |
| 资本支出强度资本支出/营收 | 7.6% | — |
| 现金转化率经营现金流/净利润 | 6.12× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $-69.6M | — |
8季度趋势，按日历期对齐
经营现金流KNFRUN
| Q4 25 | $195.9M | $96.9M | ||
| Q3 25 | $250.4M | $-121.5M | ||
| Q2 25 | $-42.6M | $-292.7M | ||
| Q1 25 | $-125.3M | $-104.2M | ||
| Q4 24 | $172.4M | $-258.4M | ||
| Q3 24 | $239.7M | $-156.2M | ||
| Q2 24 | $-46.6M | $-208.5M | ||
| Q1 24 | $-43.2M | $-143.1M |
自由现金流KNFRUN
| Q4 25 | $138.2M | — | ||
| Q3 25 | $188.7M | — | ||
| Q2 25 | $-196.2M | — | ||
| Q1 25 | $-200.2M | — | ||
| Q4 24 | $127.2M | — | ||
| Q3 24 | $216.1M | $-156.4M | ||
| Q2 24 | $-106.5M | — | ||
| Q1 24 | $-86.9M | — |
自由现金流率KNFRUN
| Q4 25 | 18.3% | — | ||
| Q3 25 | 15.7% | — | ||
| Q2 25 | -23.5% | — | ||
| Q1 25 | -56.6% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 19.6% | -29.1% | ||
| Q2 24 | -13.2% | — | ||
| Q1 24 | -26.4% | — |
资本支出强度KNFRUN
| Q4 25 | 7.6% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 18.4% | — | ||
| Q1 25 | 21.2% | — | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 2.1% | 0.0% | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 13.3% | — |
现金转化率KNFRUN
| Q4 25 | 6.12× | 0.94× | ||
| Q3 25 | 1.75× | -7.33× | ||
| Q2 25 | -0.84× | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | 7.41× | — | ||
| Q3 24 | 1.62× | — | ||
| Q2 24 | -0.60× | -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
KNF
| Services | $347.2M | 46% |
| Ready Mix Concrete | $88.4M | 12% |
| Contracting Services Public Sector | $80.2M | 11% |
| Aggregates | $73.9M | 10% |
| Energy Services Segment | $56.2M | 7% |
| Liquid Asphalt | $49.1M | 7% |
| Other | $43.2M | 6% |
| Asphalt | $22.7M | 3% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
