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怪兽饮料（MNST）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
怪兽饮料的季度营收约是Sunrun Inc.的1.8倍（$2.1B vs $1.2B），怪兽饮料净利率更高（21.1% vs 8.9%，领先12.1%），Sunrun Inc.同比增速更快（123.5% vs 17.6%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 5.9%）
怪兽饮料是美国知名饮品企业，旗下拥有魔爪、Relentless、Reign、Burn等多款畅销能量饮料产品。公司1935年创立于美国南加州，前身为Hansen's，最初主营果汁产品，2012年正式更为现名。
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。
MNST vs RUN — 直观对比
营收规模更大
MNST
是对方的1.8倍
$1.2B
营收增速更快
RUN
高出105.9%
17.6%
净利率更高
MNST
高出12.1%
8.9%
两年增速更快
RUN
近两年复合增速
5.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.2B |
| 净利润 | $449.2M | $103.6M |
| 毛利率 | 55.5% | — |
| 营业利润率 | 25.5% | 8.4% |
| 净利率 | 21.1% | 8.9% |
| 营收同比 | 17.6% | 123.5% |
| 净利润同比 | 65.9% | 103.7% |
| 每股收益（稀释后） | — | $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MNSTRUN
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.2B | $724.6M | ||
| Q2 25 | $2.1B | $569.3M | ||
| Q1 25 | $1.9B | $504.3M | ||
| Q4 24 | $1.8B | $518.5M | ||
| Q3 24 | $1.9B | $537.2M | ||
| Q2 24 | $1.9B | $523.9M | ||
| Q1 24 | $1.9B | $458.2M |
净利润MNSTRUN
| Q4 25 | $449.2M | $103.6M | ||
| Q3 25 | $524.5M | $16.6M | ||
| Q2 25 | $488.8M | $279.8M | ||
| Q1 25 | $443.0M | $50.0M | ||
| Q4 24 | $270.7M | $-2.8B | ||
| Q3 24 | $370.9M | $-83.8M | ||
| Q2 24 | $425.4M | $139.1M | ||
| Q1 24 | $442.0M | $-87.8M |
毛利率MNSTRUN
| Q4 25 | 55.5% | — | ||
| Q3 25 | 55.7% | — | ||
| Q2 25 | 55.7% | — | ||
| Q1 25 | 56.5% | — | ||
| Q4 24 | 55.3% | — | ||
| Q3 24 | 53.2% | — | ||
| Q2 24 | 53.6% | — | ||
| Q1 24 | 54.1% | — |
营业利润率MNSTRUN
| Q4 25 | 25.5% | 8.4% | ||
| Q3 25 | 30.7% | 0.5% | ||
| Q2 25 | 29.9% | -19.7% | ||
| Q1 25 | 30.7% | -22.8% | ||
| Q4 24 | 21.0% | -628.0% | ||
| Q3 24 | 25.5% | -23.8% | ||
| Q2 24 | 27.7% | -24.4% | ||
| Q1 24 | 28.5% | -40.0% |
净利率MNSTRUN
| Q4 25 | 21.1% | 8.9% | ||
| Q3 25 | 23.9% | 2.3% | ||
| Q2 25 | 23.1% | 49.1% | ||
| Q1 25 | 23.9% | 9.9% | ||
| Q4 24 | 14.9% | -542.7% | ||
| Q3 24 | 19.7% | -15.6% | ||
| Q2 24 | 22.4% | 26.5% | ||
| Q1 24 | 23.3% | -19.2% |
每股收益（稀释后）MNSTRUN
| Q4 25 | — | $0.38 | ||
| Q3 25 | — | $0.06 | ||
| Q2 25 | — | $1.07 | ||
| Q1 25 | — | $0.20 | ||
| Q4 24 | — | $-12.59 | ||
| Q3 24 | — | $-0.37 | ||
| Q2 24 | — | $0.55 | ||
| Q1 24 | — | $-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 | $2.8B | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $8.3B | $3.1B |
| 总资产 | $10.0B | $22.6B |
| 负债/权益比越低杠杆越低 | — | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资MNSTRUN
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $3.6B | — |
总债务MNSTRUN
| Q4 25 | — | $14.7B | ||
| Q3 25 | — | $14.6B | ||
| Q2 25 | — | $14.0B | ||
| Q1 25 | $199.1M | $13.6B | ||
| Q4 24 | $374.0M | $12.9B | ||
| Q3 24 | $748.8M | $12.5B | ||
| Q2 24 | $748.7M | $12.0B | ||
| Q1 24 | — | $11.1B |
股东权益MNSTRUN
| Q4 25 | $8.3B | $3.1B | ||
| Q3 25 | $7.7B | $3.0B | ||
| Q2 25 | $7.2B | $2.9B | ||
| Q1 25 | $6.5B | $2.6B | ||
| Q4 24 | $6.0B | $2.6B | ||
| Q3 24 | $5.8B | $5.3B | ||
| Q2 24 | $5.9B | $5.4B | ||
| Q1 24 | $8.6B | $5.2B |
总资产MNSTRUN
| Q4 25 | $10.0B | $22.6B | ||
| Q3 25 | $9.6B | $22.2B | ||
| Q2 25 | $8.7B | $21.2B | ||
| Q1 25 | $8.2B | $20.4B | ||
| Q4 24 | $7.7B | $19.9B | ||
| Q3 24 | $8.1B | $22.1B | ||
| Q2 24 | $8.1B | $21.4B | ||
| Q1 24 | $10.1B | $20.8B |
负债/权益比MNSTRUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | — | 4.90× | ||
| Q2 25 | — | 4.80× | ||
| Q1 25 | 0.03× | 5.19× | ||
| Q4 24 | 0.06× | 5.05× | ||
| Q3 24 | 0.13× | 2.36× | ||
| Q2 24 | 0.13× | 2.23× | ||
| Q1 24 | — | 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 | $379.4M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $351.2M | — |
| 自由现金流率自由现金流/营收 | 16.5% | — |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 现金转化率经营现金流/净利润 | 0.84× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $2.0B | — |
8季度趋势，按日历期对齐
经营现金流MNSTRUN
| Q4 25 | $379.4M | $96.9M | ||
| Q3 25 | $745.1M | $-121.5M | ||
| Q2 25 | $466.0M | $-292.7M | ||
| Q1 25 | $507.6M | $-104.2M | ||
| Q4 24 | $461.7M | $-258.4M | ||
| Q3 24 | $618.4M | $-156.2M | ||
| Q2 24 | $436.3M | $-208.5M | ||
| Q1 24 | $412.1M | $-143.1M |
自由现金流MNSTRUN
| Q4 25 | $351.2M | — | ||
| Q3 25 | $701.5M | — | ||
| Q2 25 | $434.6M | — | ||
| Q1 25 | $478.5M | — | ||
| Q4 24 | $370.4M | — | ||
| Q3 24 | $571.4M | $-156.4M | ||
| Q2 24 | $376.5M | — | ||
| Q1 24 | $346.1M | — |
自由现金流率MNSTRUN
| Q4 25 | 16.5% | — | ||
| Q3 25 | 31.9% | — | ||
| Q2 25 | 20.6% | — | ||
| Q1 25 | 25.8% | — | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 30.4% | -29.1% | ||
| Q2 24 | 19.8% | — | ||
| Q1 24 | 18.2% | — |
资本支出强度MNSTRUN
| Q4 25 | 1.3% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 2.5% | 0.0% | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 3.5% | — |
现金转化率MNSTRUN
| Q4 25 | 0.84× | 0.94× | ||
| Q3 25 | 1.42× | -7.33× | ||
| Q2 25 | 0.95× | -1.05× | ||
| Q1 25 | 1.15× | -2.08× | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.67× | — | ||
| Q2 24 | 1.03× | -1.50× | ||
| Q1 24 | 0.93× | — |
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
MNST
| Monster Energy Drinks Segment | $1.2B | 57% |
| Sales Revenue Product Line | $905.5M | 42% |
| Strategic Brands Segment | $50.3M | 2% |
| Alcohol Brands Segment | $29.0M | 1% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
