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Liberty Global Ltd.（LBTYA）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是Sunrun Inc.的1.1倍（$1.2B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -237.0%，领先245.9%），Liberty Global Ltd.同比增速更快（187.2% vs 123.5%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -20.4%）
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
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。
LBTYA vs RUN — 直观对比
营收规模更大
LBTYA
是对方的1.1倍
$1.2B
营收增速更快
LBTYA
高出63.7%
123.5%
净利率更高
RUN
高出245.9%
-237.0%
两年增速更快
RUN
近两年复合增速
-20.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $-2.9B | $103.6M |
| 毛利率 | 66.8% | — |
| 营业利润率 | -8.6% | 8.4% |
| 净利率 | -237.0% | 8.9% |
| 营收同比 | 187.2% | 123.5% |
| 净利润同比 | -230.0% | 103.7% |
| 每股收益（稀释后） | $-8.66 | $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LBTYARUN
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $724.6M | ||
| Q2 25 | $1.3B | $569.3M | ||
| Q1 25 | $1.2B | $504.3M | ||
| Q4 24 | $-1.4B | $518.5M | ||
| Q3 24 | $1.9B | $537.2M | ||
| Q2 24 | $1.9B | $523.9M | ||
| Q1 24 | $1.9B | $458.2M |
净利润LBTYARUN
| Q4 25 | $-2.9B | $103.6M | ||
| Q3 25 | $-90.7M | $16.6M | ||
| Q2 25 | $-2.8B | $279.8M | ||
| Q1 25 | $-1.3B | $50.0M | ||
| Q4 24 | $2.2B | $-2.8B | ||
| Q3 24 | $-1.4B | $-83.8M | ||
| Q2 24 | $268.1M | $139.1M | ||
| Q1 24 | $510.0M | $-87.8M |
毛利率LBTYARUN
| Q4 25 | 66.8% | — | ||
| Q3 25 | 67.5% | — | ||
| Q2 25 | 63.3% | — | ||
| Q1 25 | 65.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 69.4% | — | ||
| Q2 24 | 68.5% | — | ||
| Q1 24 | 65.4% | — |
营业利润率LBTYARUN
| Q4 25 | -8.6% | 8.4% | ||
| Q3 25 | -0.7% | 0.5% | ||
| Q2 25 | 2.3% | -19.7% | ||
| Q1 25 | 5.2% | -22.8% | ||
| Q4 24 | — | -628.0% | ||
| Q3 24 | 5.2% | -23.8% | ||
| Q2 24 | 1.0% | -24.4% | ||
| Q1 24 | 1.2% | -40.0% |
净利率LBTYARUN
| Q4 25 | -237.0% | 8.9% | ||
| Q3 25 | -7.5% | 2.3% | ||
| Q2 25 | -220.1% | 49.1% | ||
| Q1 25 | -114.2% | 9.9% | ||
| Q4 24 | -158.9% | -542.7% | ||
| Q3 24 | -74.1% | -15.6% | ||
| Q2 24 | 14.3% | 26.5% | ||
| Q1 24 | 26.2% | -19.2% |
每股收益（稀释后）LBTYARUN
| Q4 25 | $-8.66 | $0.38 | ||
| Q3 25 | $-0.27 | $0.06 | ||
| Q2 25 | $-8.09 | $1.07 | ||
| Q1 25 | $-3.84 | $0.20 | ||
| Q4 24 | $6.15 | $-12.59 | ||
| Q3 24 | $-3.95 | $-0.37 | ||
| Q2 24 | $0.71 | $0.55 | ||
| Q1 24 | $1.32 | $-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 | $2.2B | — |
| 总债务越低越好 | $7.8B | $14.7B |
| 股东权益账面价值 | $9.7B | $3.1B |
| 总资产 | $22.6B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.80× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资LBTYARUN
| Q4 25 | $2.2B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $2.8B | — |
总债务LBTYARUN
| Q4 25 | $7.8B | $14.7B | ||
| Q3 25 | $7.8B | $14.6B | ||
| Q2 25 | $7.8B | $14.0B | ||
| Q1 25 | $8.2B | $13.6B | ||
| Q4 24 | $8.2B | $12.9B | ||
| Q3 24 | $14.9B | $12.5B | ||
| Q2 24 | $14.7B | $12.0B | ||
| Q1 24 | $14.8B | $11.1B |
股东权益LBTYARUN
| Q4 25 | $9.7B | $3.1B | ||
| Q3 25 | $12.7B | $3.0B | ||
| Q2 25 | $13.0B | $2.9B | ||
| Q1 25 | $12.6B | $2.6B | ||
| Q4 24 | $12.4B | $2.6B | ||
| Q3 24 | $18.7B | $5.3B | ||
| Q2 24 | $18.3B | $5.4B | ||
| Q1 24 | $18.4B | $5.2B |
总资产LBTYARUN
| Q4 25 | $22.6B | $22.6B | ||
| Q3 25 | $25.4B | $22.2B | ||
| Q2 25 | $27.2B | $21.2B | ||
| Q1 25 | $26.0B | $20.4B | ||
| Q4 24 | $25.4B | $19.9B | ||
| Q3 24 | $41.8B | $22.1B | ||
| Q2 24 | $40.8B | $21.4B | ||
| Q1 24 | $40.6B | $20.8B |
负债/权益比LBTYARUN
| Q4 25 | 0.80× | 4.69× | ||
| Q3 25 | 0.61× | 4.90× | ||
| Q2 25 | 0.60× | 4.80× | ||
| Q1 25 | 0.65× | 5.19× | ||
| Q4 24 | 0.66× | 5.05× | ||
| Q3 24 | 0.80× | 2.36× | ||
| Q2 24 | 0.80× | 2.23× | ||
| Q1 24 | 0.80× | 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 | $630.9M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $193.3M | — |
| 自由现金流率自由现金流/营收 | 15.7% | — |
| 资本支出强度资本支出/营收 | 35.5% | — |
| 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 | $-132.0M | — |
8季度趋势，按日历期对齐
经营现金流LBTYARUN
| Q4 25 | $630.9M | $96.9M | ||
| Q3 25 | $301.8M | $-121.5M | ||
| Q2 25 | $149.2M | $-292.7M | ||
| Q1 25 | $129.2M | $-104.2M | ||
| Q4 24 | $791.6M | $-258.4M | ||
| Q3 24 | $449.5M | $-156.2M | ||
| Q2 24 | $546.1M | $-208.5M | ||
| Q1 24 | $245.7M | $-143.1M |
自由现金流LBTYARUN
| Q4 25 | $193.3M | — | ||
| Q3 25 | $-41.1M | — | ||
| Q2 25 | $-170.1M | — | ||
| Q1 25 | $-114.1M | — | ||
| Q4 24 | $712.9M | — | ||
| Q3 24 | $102.4M | $-156.4M | ||
| Q2 24 | $256.8M | — | ||
| Q1 24 | $-105.1M | — |
自由现金流率LBTYARUN
| Q4 25 | 15.7% | — | ||
| Q3 25 | -3.4% | — | ||
| Q2 25 | -13.4% | — | ||
| Q1 25 | -9.7% | — | ||
| Q4 24 | -50.5% | — | ||
| Q3 24 | 5.3% | -29.1% | ||
| Q2 24 | 13.7% | — | ||
| Q1 24 | -5.4% | — |
资本支出强度LBTYARUN
| Q4 25 | 35.5% | — | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 25.2% | — | ||
| Q1 25 | 20.8% | — | ||
| Q4 24 | -5.6% | — | ||
| Q3 24 | 17.9% | 0.0% | ||
| Q2 24 | 15.4% | — | ||
| Q1 24 | 18.0% | — |
现金转化率LBTYARUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.04× | -1.50× | ||
| Q1 24 | 0.48× | — |
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
LBTYA
暂无分部数据
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
