vs
力特（LFUS）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.的季度营收约是力特的2.0倍（$1.2B vs $593.9M），Sunrun Inc.净利率更高（8.9% vs -40.8%，领先49.7%），Sunrun Inc.同比增速更快（123.5% vs 12.2%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 5.3%）
力特是全球领先的电路保护、传感及控制组件制造商，主营保险丝、半导体保护器件、功率开关、传感器、断路器等产品，服务汽车、工业电子、消费电子、通信及可再生能源等领域，为全球客户提供提升设备安全可靠性的解决方案。
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。
LFUS vs RUN — 直观对比
营收规模更大
RUN
是对方的2.0倍
$593.9M
营收增速更快
RUN
高出111.3%
12.2%
净利率更高
RUN
高出49.7%
-40.8%
两年增速更快
RUN
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $593.9M | $1.2B |
| 净利润 | $-242.1M | $103.6M |
| 毛利率 | 38.0% | — |
| 营业利润率 | -37.5% | 8.4% |
| 净利率 | -40.8% | 8.9% |
| 营收同比 | 12.2% | 123.5% |
| 净利润同比 | -367.6% | 103.7% |
| 每股收益（稀释后） | $-9.71 | $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LFUSRUN
| Q4 25 | $593.9M | $1.2B | ||
| Q3 25 | $624.6M | $724.6M | ||
| Q2 25 | $613.4M | $569.3M | ||
| Q1 25 | $554.3M | $504.3M | ||
| Q4 24 | $529.5M | $518.5M | ||
| Q3 24 | $567.4M | $537.2M | ||
| Q2 24 | $558.5M | $523.9M | ||
| Q1 24 | $535.4M | $458.2M |
净利润LFUSRUN
| Q4 25 | $-242.1M | $103.6M | ||
| Q3 25 | $69.5M | $16.6M | ||
| Q2 25 | $57.3M | $279.8M | ||
| Q1 25 | $43.6M | $50.0M | ||
| Q4 24 | $-51.8M | $-2.8B | ||
| Q3 24 | $58.1M | $-83.8M | ||
| Q2 24 | $45.5M | $139.1M | ||
| Q1 24 | $48.5M | $-87.8M |
毛利率LFUSRUN
| Q4 25 | 38.0% | — | ||
| Q3 25 | 38.6% | — | ||
| Q2 25 | 37.8% | — | ||
| Q1 25 | 37.4% | — | ||
| Q4 24 | 33.4% | — | ||
| Q3 24 | 38.1% | — | ||
| Q2 24 | 37.1% | — | ||
| Q1 24 | 35.1% | — |
营业利润率LFUSRUN
| Q4 25 | -37.5% | 8.4% | ||
| Q3 25 | 15.6% | 0.5% | ||
| Q2 25 | 15.1% | -19.7% | ||
| Q1 25 | 12.7% | -22.8% | ||
| Q4 24 | -9.3% | -628.0% | ||
| Q3 24 | 15.5% | -23.8% | ||
| Q2 24 | 11.7% | -24.4% | ||
| Q1 24 | 10.3% | -40.0% |
净利率LFUSRUN
| Q4 25 | -40.8% | 8.9% | ||
| Q3 25 | 11.1% | 2.3% | ||
| Q2 25 | 9.3% | 49.1% | ||
| Q1 25 | 7.9% | 9.9% | ||
| Q4 24 | -9.8% | -542.7% | ||
| Q3 24 | 10.2% | -15.6% | ||
| Q2 24 | 8.1% | 26.5% | ||
| Q1 24 | 9.0% | -19.2% |
每股收益（稀释后）LFUSRUN
| Q4 25 | $-9.71 | $0.38 | ||
| Q3 25 | $2.77 | $0.06 | ||
| Q2 25 | $2.30 | $1.07 | ||
| Q1 25 | $1.75 | $0.20 | ||
| Q4 24 | $-2.07 | $-12.59 | ||
| Q3 24 | $2.32 | $-0.37 | ||
| Q2 24 | $1.82 | $0.55 | ||
| Q1 24 | $1.93 | $-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 | $563.7M | — |
| 总债务越低越好 | $802.6M | $14.7B |
| 股东权益账面价值 | $2.4B | $3.1B |
| 总资产 | $4.0B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.33× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资LFUSRUN
| Q4 25 | $563.7M | — | ||
| Q3 25 | $815.0M | — | ||
| Q2 25 | $685.5M | — | ||
| Q1 25 | $619.7M | — | ||
| Q4 24 | $725.9M | — | ||
| Q3 24 | $630.7M | — | ||
| Q2 24 | $562.7M | — | ||
| Q1 24 | $562.4M | — |
总债务LFUSRUN
| Q4 25 | $802.6M | $14.7B | ||
| Q3 25 | $805.8M | $14.6B | ||
| Q2 25 | $810.2M | $14.0B | ||
| Q1 25 | $805.7M | $13.6B | ||
| Q4 24 | $856.1M | $12.9B | ||
| Q3 24 | $867.7M | $12.5B | ||
| Q2 24 | $863.5M | $12.0B | ||
| Q1 24 | $866.7M | $11.1B |
股东权益LFUSRUN
| Q4 25 | $2.4B | $3.1B | ||
| Q3 25 | $2.7B | $3.0B | ||
| Q2 25 | $2.6B | $2.9B | ||
| Q1 25 | $2.5B | $2.6B | ||
| Q4 24 | $2.4B | $2.6B | ||
| Q3 24 | $2.6B | $5.3B | ||
| Q2 24 | $2.5B | $5.4B | ||
| Q1 24 | $2.5B | $5.2B |
总资产LFUSRUN
| Q4 25 | $4.0B | $22.6B | ||
| Q3 25 | $4.2B | $22.2B | ||
| Q2 25 | $4.1B | $21.2B | ||
| Q1 25 | $3.9B | $20.4B | ||
| Q4 24 | $3.9B | $19.9B | ||
| Q3 24 | $4.1B | $22.1B | ||
| Q2 24 | $3.9B | $21.4B | ||
| Q1 24 | $3.9B | $20.8B |
负债/权益比LFUSRUN
| Q4 25 | 0.33× | 4.69× | ||
| Q3 25 | 0.30× | 4.90× | ||
| Q2 25 | 0.31× | 4.80× | ||
| Q1 25 | 0.33× | 5.19× | ||
| Q4 24 | 0.35× | 5.05× | ||
| Q3 24 | 0.34× | 2.36× | ||
| Q2 24 | 0.35× | 2.23× | ||
| Q1 24 | 0.35× | 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 | $138.7M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $119.7M | — |
| 自由现金流率自由现金流/营收 | 20.2% | — |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 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 | $366.1M | — |
8季度趋势，按日历期对齐
经营现金流LFUSRUN
| Q4 25 | $138.7M | $96.9M | ||
| Q3 25 | $146.9M | $-121.5M | ||
| Q2 25 | $82.5M | $-292.7M | ||
| Q1 25 | $65.8M | $-104.2M | ||
| Q4 24 | $160.6M | $-258.4M | ||
| Q3 24 | $80.4M | $-156.2M | ||
| Q2 24 | $69.4M | $-208.5M | ||
| Q1 24 | $57.1M | $-143.1M |
自由现金流LFUSRUN
| Q4 25 | $119.7M | — | ||
| Q3 25 | $131.2M | — | ||
| Q2 25 | $72.6M | — | ||
| Q1 25 | $42.7M | — | ||
| Q4 24 | $134.8M | — | ||
| Q3 24 | $65.0M | $-156.4M | ||
| Q2 24 | $50.3M | — | ||
| Q1 24 | $41.6M | — |
自由现金流率LFUSRUN
| Q4 25 | 20.2% | — | ||
| Q3 25 | 21.0% | — | ||
| Q2 25 | 11.8% | — | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 25.5% | — | ||
| Q3 24 | 11.5% | -29.1% | ||
| Q2 24 | 9.0% | — | ||
| Q1 24 | 7.8% | — |
资本支出强度LFUSRUN
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 2.7% | 0.0% | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 2.9% | — |
现金转化率LFUSRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | 2.11× | -7.33× | ||
| Q2 25 | 1.44× | -1.05× | ||
| Q1 25 | 1.51× | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 1.53× | -1.50× | ||
| Q1 24 | 1.18× | — |
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
LFUS
| Electronics Passive Products And Sensors | $174.9M | 29% |
| Electronics Semiconductor | $170.3M | 29% |
| Industrial Products | $85.0M | 14% |
| Commercial Vehicle Products | $76.2M | 13% |
| Passenger Car Products | $72.8M | 12% |
| Automotive Sensors | $14.7M | 2% |
| Dortmund Fab | $12.5M | 2% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
