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Kontoor Brands, Inc.（KTB）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Kontoor Brands, Inc.的1.4倍（$1.2B vs $853.2M），Sunrun Inc.净利率更高（8.9% vs 4.3%，领先4.6%），Sunrun Inc.同比增速更快（123.5% vs 27.3%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 14.2%）
Kontoor Brands是美国知名服装企业，2019年5月从威富集团分拆独立运营，旗下拥有Lee、Wrangler、Helly Hansen等国际知名服饰品牌，面向全球市场销售各类服饰产品，在休闲服饰及户外功能服饰领域拥有广泛的消费者基础。
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。
KTB vs RUN — 直观对比
营收规模更大
RUN
是对方的1.4倍
$853.2M
营收增速更快
RUN
高出96.2%
27.3%
净利率更高
RUN
高出4.6%
4.3%
两年增速更快
RUN
近两年复合增速
14.2%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $853.2M | $1.2B |
| 净利润 | $36.9M | $103.6M |
| 毛利率 | 41.3% | — |
| 营业利润率 | 7.5% | 8.4% |
| 净利率 | 4.3% | 8.9% |
| 营收同比 | 27.3% | 123.5% |
| 净利润同比 | -47.6% | 103.7% |
| 每股收益（稀释后） | $0.66 | $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KTBRUN
| Q4 25 | — | $1.2B | ||
| Q3 25 | $853.2M | $724.6M | ||
| Q2 25 | $658.3M | $569.3M | ||
| Q1 25 | $622.9M | $504.3M | ||
| Q4 24 | $699.3M | $518.5M | ||
| Q3 24 | $670.2M | $537.2M | ||
| Q2 24 | $606.9M | $523.9M | ||
| Q1 24 | $631.2M | $458.2M |
净利润KTBRUN
| Q4 25 | — | $103.6M | ||
| Q3 25 | $36.9M | $16.6M | ||
| Q2 25 | $73.9M | $279.8M | ||
| Q1 25 | $42.9M | $50.0M | ||
| Q4 24 | $64.0M | $-2.8B | ||
| Q3 24 | $70.5M | $-83.8M | ||
| Q2 24 | $51.8M | $139.1M | ||
| Q1 24 | $59.5M | $-87.8M |
毛利率KTBRUN
| Q4 25 | — | — | ||
| Q3 25 | 41.3% | — | ||
| Q2 25 | 46.3% | — | ||
| Q1 25 | 47.5% | — | ||
| Q4 24 | 43.7% | — | ||
| Q3 24 | 44.7% | — | ||
| Q2 24 | 44.7% | — | ||
| Q1 24 | 45.2% | — |
营业利润率KTBRUN
| Q4 25 | — | 8.4% | ||
| Q3 25 | 7.5% | 0.5% | ||
| Q2 25 | 11.9% | -19.7% | ||
| Q1 25 | 11.8% | -22.8% | ||
| Q4 24 | 12.1% | -628.0% | ||
| Q3 24 | 14.7% | -23.8% | ||
| Q2 24 | 12.4% | -24.4% | ||
| Q1 24 | 13.4% | -40.0% |
净利率KTBRUN
| Q4 25 | — | 8.9% | ||
| Q3 25 | 4.3% | 2.3% | ||
| Q2 25 | 11.2% | 49.1% | ||
| Q1 25 | 6.9% | 9.9% | ||
| Q4 24 | 9.1% | -542.7% | ||
| Q3 24 | 10.5% | -15.6% | ||
| Q2 24 | 8.5% | 26.5% | ||
| Q1 24 | 9.4% | -19.2% |
每股收益（稀释后）KTBRUN
| Q4 25 | — | $0.38 | ||
| Q3 25 | $0.66 | $0.06 | ||
| Q2 25 | $1.32 | $1.07 | ||
| Q1 25 | $0.76 | $0.20 | ||
| Q4 24 | $1.13 | $-12.59 | ||
| Q3 24 | $1.26 | $-0.37 | ||
| Q2 24 | $0.92 | $0.55 | ||
| Q1 24 | $1.05 | $-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 | $82.4M | — |
| 总债务越低越好 | $1.3B | $14.7B |
| 股东权益账面价值 | $529.6M | $3.1B |
| 总资产 | $2.9B | $22.6B |
| 负债/权益比越低杠杆越低 | 2.53× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资KTBRUN
| Q4 25 | — | — | ||
| Q3 25 | $82.4M | — | ||
| Q2 25 | $107.5M | — | ||
| Q1 25 | $356.7M | — | ||
| Q4 24 | $334.1M | — | ||
| Q3 24 | $269.4M | — | ||
| Q2 24 | $224.3M | — | ||
| Q1 24 | $215.1M | — |
总债务KTBRUN
| Q4 25 | — | $14.7B | ||
| Q3 25 | $1.3B | $14.6B | ||
| Q2 25 | $1.4B | $14.0B | ||
| Q1 25 | $735.6M | $13.6B | ||
| Q4 24 | $740.3M | $12.9B | ||
| Q3 24 | $745.0M | $12.5B | ||
| Q2 24 | $749.7M | $12.0B | ||
| Q1 24 | $779.2M | $11.1B |
股东权益KTBRUN
| Q4 25 | — | $3.1B | ||
| Q3 25 | $529.6M | $3.0B | ||
| Q2 25 | $498.3M | $2.9B | ||
| Q1 25 | $426.7M | $2.6B | ||
| Q4 24 | $400.1M | $2.6B | ||
| Q3 24 | $356.9M | $5.3B | ||
| Q2 24 | $367.2M | $5.4B | ||
| Q1 24 | $387.2M | $5.2B |
总资产KTBRUN
| Q4 25 | — | $22.6B | ||
| Q3 25 | $2.9B | $22.2B | ||
| Q2 25 | $2.7B | $21.2B | ||
| Q1 25 | $1.7B | $20.4B | ||
| Q4 24 | $1.7B | $19.9B | ||
| Q3 24 | $1.7B | $22.1B | ||
| Q2 24 | $1.6B | $21.4B | ||
| Q1 24 | $1.7B | $20.8B |
负债/权益比KTBRUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | 2.53× | 4.90× | ||
| Q2 25 | 2.74× | 4.80× | ||
| Q1 25 | 1.72× | 5.19× | ||
| Q4 24 | 1.85× | 5.05× | ||
| Q3 24 | 2.09× | 2.36× | ||
| Q2 24 | 2.04× | 2.23× | ||
| Q1 24 | 2.01× | 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 | $64.1M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | — |
| 自由现金流率自由现金流/营收 | 6.5% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | 1.74× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $228.0M | — |
8季度趋势，按日历期对齐
经营现金流KTBRUN
| Q4 25 | — | $96.9M | ||
| Q3 25 | $64.1M | $-121.5M | ||
| Q2 25 | $25.7M | $-292.7M | ||
| Q1 25 | $77.6M | $-104.2M | ||
| Q4 24 | $82.0M | $-258.4M | ||
| Q3 24 | $133.6M | $-156.2M | ||
| Q2 24 | $96.2M | $-208.5M | ||
| Q1 24 | $56.5M | $-143.1M |
自由现金流KTBRUN
| Q4 25 | — | — | ||
| Q3 25 | $55.8M | — | ||
| Q2 25 | $22.4M | — | ||
| Q1 25 | $74.9M | — | ||
| Q4 24 | $75.0M | — | ||
| Q3 24 | $129.9M | $-156.4M | ||
| Q2 24 | $92.6M | — | ||
| Q1 24 | $52.0M | — |
自由现金流率KTBRUN
| Q4 25 | — | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 19.4% | -29.1% | ||
| Q2 24 | 15.3% | — | ||
| Q1 24 | 8.2% | — |
资本支出强度KTBRUN
| Q4 25 | — | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 0.6% | 0.0% | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 0.7% | — |
现金转化率KTBRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | 1.74× | -7.33× | ||
| Q2 25 | 0.35× | -1.05× | ||
| Q1 25 | 1.81× | -2.08× | ||
| Q4 24 | 1.28× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 1.86× | -1.50× | ||
| Q1 24 | 0.95× | — |
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
KTB
| International Member | $292.0M | 34% |
| CTC Triangle B.V | $192.7M | 23% |
| Lee Segment | $186.7M | 22% |
| Helly Hansen Segment | $185.9M | 22% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
