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Liberty Latin America Ltd.（LILA）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 Latin America Ltd.的季度营收约是Sunrun Inc.的1.0倍（$1.2B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -4.7%，领先13.7%），Sunrun Inc.同比增速更快（123.5% vs 1.7%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 2.7%）
自由拉丁美洲有限公司是一家跨国电信运营商，由自由媒体国际业务板块与UnitedGlobalCom（UGC）于2005年合并而成，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛设有总部，旗下包含英国、荷兰等多地运营主体，相关业务覆盖电信服务领域。
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。
LILA vs RUN — 直观对比
营收规模更大
LILA
是对方的1.0倍
$1.2B
营收增速更快
RUN
高出121.8%
1.7%
净利率更高
RUN
高出13.7%
-4.7%
两年增速更快
RUN
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $-54.8M | $103.6M |
| 毛利率 | 77.3% | — |
| 营业利润率 | 10.8% | 8.4% |
| 净利率 | -4.7% | 8.9% |
| 营收同比 | 1.7% | 123.5% |
| 净利润同比 | 74.0% | 103.7% |
| 每股收益（稀释后） | $-0.27 | $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LILARUN
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.1B | $724.6M | ||
| Q2 25 | $1.1B | $569.3M | ||
| Q1 25 | $1.1B | $504.3M | ||
| Q4 24 | $1.1B | $518.5M | ||
| Q3 24 | $1.1B | $537.2M | ||
| Q2 24 | $1.1B | $523.9M | ||
| Q1 24 | $1.1B | $458.2M |
净利润LILARUN
| Q4 25 | $-54.8M | $103.6M | ||
| Q3 25 | $3.3M | $16.6M | ||
| Q2 25 | $-423.3M | $279.8M | ||
| Q1 25 | $-136.4M | $50.0M | ||
| Q4 24 | $-210.4M | $-2.8B | ||
| Q3 24 | $-435.8M | $-83.8M | ||
| Q2 24 | $-42.7M | $139.1M | ||
| Q1 24 | $-500.0K | $-87.8M |
毛利率LILARUN
| Q4 25 | 77.3% | — | ||
| Q3 25 | 77.7% | — | ||
| Q2 25 | 78.6% | — | ||
| Q1 25 | 78.5% | — | ||
| Q4 24 | 76.1% | — | ||
| Q3 24 | 78.7% | — | ||
| Q2 24 | 78.1% | — | ||
| Q1 24 | 78.2% | — |
营业利润率LILARUN
| Q4 25 | 10.8% | 8.4% | ||
| Q3 25 | 16.9% | 0.5% | ||
| Q2 25 | -30.6% | -19.7% | ||
| Q1 25 | 11.8% | -22.8% | ||
| Q4 24 | 8.7% | -628.0% | ||
| Q3 24 | -34.9% | -23.8% | ||
| Q2 24 | 9.9% | -24.4% | ||
| Q1 24 | 8.4% | -40.0% |
净利率LILARUN
| Q4 25 | -4.7% | 8.9% | ||
| Q3 25 | 0.3% | 2.3% | ||
| Q2 25 | -39.0% | 49.1% | ||
| Q1 25 | -12.6% | 9.9% | ||
| Q4 24 | -18.5% | -542.7% | ||
| Q3 24 | -40.0% | -15.6% | ||
| Q2 24 | -3.8% | 26.5% | ||
| Q1 24 | -0.0% | -19.2% |
每股收益（稀释后）LILARUN
| Q4 25 | $-0.27 | $0.38 | ||
| Q3 25 | $0.02 | $0.06 | ||
| Q2 25 | $-2.12 | $1.07 | ||
| Q1 25 | $-0.69 | $0.20 | ||
| Q4 24 | $-1.03 | $-12.59 | ||
| Q3 24 | $-2.22 | $-0.37 | ||
| Q2 24 | $-0.22 | $0.55 | ||
| Q1 24 | $0.00 | $-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 | $783.9M | — |
| 总债务越低越好 | $7.9B | $14.7B |
| 股东权益账面价值 | $555.6M | $3.1B |
| 总资产 | $12.2B | $22.6B |
| 负债/权益比越低杠杆越低 | 14.17× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资LILARUN
| Q4 25 | $783.9M | — | ||
| Q3 25 | $596.7M | — | ||
| Q2 25 | $514.4M | — | ||
| Q1 25 | $575.5M | — | ||
| Q4 24 | $654.3M | — | ||
| Q3 24 | $588.6M | — | ||
| Q2 24 | $598.6M | — | ||
| Q1 24 | $668.5M | — |
总债务LILARUN
| Q4 25 | $7.9B | $14.7B | ||
| Q3 25 | $7.8B | $14.6B | ||
| Q2 25 | $7.6B | $14.0B | ||
| Q1 25 | $7.6B | $13.6B | ||
| Q4 24 | $7.6B | $12.9B | ||
| Q3 24 | $7.6B | $12.5B | ||
| Q2 24 | $7.6B | $12.0B | ||
| Q1 24 | $7.6B | $11.1B |
股东权益LILARUN
| Q4 25 | $555.6M | $3.1B | ||
| Q3 25 | $628.9M | $3.0B | ||
| Q2 25 | $608.4M | $2.9B | ||
| Q1 25 | $1.0B | $2.6B | ||
| Q4 24 | $1.1B | $2.6B | ||
| Q3 24 | $1.2B | $5.3B | ||
| Q2 24 | $1.7B | $5.4B | ||
| Q1 24 | $1.7B | $5.2B |
总资产LILARUN
| Q4 25 | $12.2B | $22.6B | ||
| Q3 25 | $12.0B | $22.2B | ||
| Q2 25 | $12.0B | $21.2B | ||
| Q1 25 | $12.6B | $20.4B | ||
| Q4 24 | $12.8B | $19.9B | ||
| Q3 24 | $12.7B | $22.1B | ||
| Q2 24 | $13.2B | $21.4B | ||
| Q1 24 | $13.3B | $20.8B |
负债/权益比LILARUN
| Q4 25 | 14.17× | 4.69× | ||
| Q3 25 | 12.45× | 4.90× | ||
| Q2 25 | 12.50× | 4.80× | ||
| Q1 25 | 7.47× | 5.19× | ||
| Q4 24 | 6.99× | 5.05× | ||
| Q3 24 | 6.20× | 2.36× | ||
| Q2 24 | 4.59× | 2.23× | ||
| Q1 24 | 4.38× | 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 | $461.9M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $320.1M | — |
| 自由现金流率自由现金流/营收 | 27.6% | — |
| 资本支出强度资本支出/营收 | 12.2% | — |
| 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 | $305.9M | — |
8季度趋势，按日历期对齐
经营现金流LILARUN
| Q4 25 | $461.9M | $96.9M | ||
| Q3 25 | $178.2M | $-121.5M | ||
| Q2 25 | $141.2M | $-292.7M | ||
| Q1 25 | $24.6M | $-104.2M | ||
| Q4 24 | $398.6M | $-258.4M | ||
| Q3 24 | $177.5M | $-156.2M | ||
| Q2 24 | $156.9M | $-208.5M | ||
| Q1 24 | $23.3M | $-143.1M |
自由现金流LILARUN
| Q4 25 | $320.1M | — | ||
| Q3 25 | $56.0M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $-72.1M | — | ||
| Q4 24 | $234.9M | — | ||
| Q3 24 | $51.0M | $-156.4M | ||
| Q2 24 | $16.4M | — | ||
| Q1 24 | $-86.4M | — |
自由现金流率LILARUN
| Q4 25 | 27.6% | — | ||
| Q3 25 | 5.0% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | -6.7% | — | ||
| Q4 24 | 20.6% | — | ||
| Q3 24 | 4.7% | -29.1% | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | -7.9% | — |
资本支出强度LILARUN
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 14.4% | — | ||
| Q3 24 | 11.6% | 0.0% | ||
| Q2 24 | 12.6% | — | ||
| Q1 24 | 10.0% | — |
现金转化率LILARUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | 54.00× | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -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
LILA
| Liberty Cablevisionof Puerto Rico LLC Liberty Puerto Rico | $301.3M | 26% |
| Cable Wireless Communications Limited CW Panama | $230.1M | 20% |
| Costa Rica Segment | $168.2M | 15% |
| Liberty Networks | $129.3M | 11% |
| Cable Subscription | $112.4M | 10% |
| Mobile Subscription | $95.9M | 8% |
| Mobile Handset And Other Devices | $73.0M | 6% |
| Liberty Networks Other | $25.0M | 2% |
| Mobile Non Subscription | $21.6M | 2% |
| B2B Mobile Handsetand Other Devices | $7.0M | 1% |
| Cable Non Subscription | $4.3M | 0% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
