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NEWMARKET CORP（NEU）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NEWMARKET CORP的1.7倍（$1.2B vs $669.7M），NEWMARKET CORP净利率更高（17.6% vs 8.9%，领先8.7%），Sunrun Inc.同比增速更快（123.5% vs -4.5%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -2.9%）
Newmarket Corporation是美国上市企业，主营业务服务于石油添加剂行业，总部位于弗吉尼亚州里士满，业务布局覆盖北美、拉美、欧洲、中东及亚太地区，其前身为1887年成立的阿尔伯马尔造纸制造公司。
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。
NEU vs RUN — 直观对比
营收规模更大
RUN
是对方的1.7倍
$669.7M
营收增速更快
RUN
高出128.0%
-4.5%
净利率更高
NEU
高出8.7%
8.9%
两年增速更快
RUN
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $669.7M | $1.2B |
| 净利润 | $118.1M | $103.6M |
| 毛利率 | 33.0% | — |
| 营业利润率 | 21.4% | 8.4% |
| 净利率 | 17.6% | 8.9% |
| 营收同比 | -4.5% | 123.5% |
| 净利润同比 | -6.3% | 103.7% |
| 每股收益（稀释后） | $12.62 | $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NEURUN
| Q1 26 | $669.7M | — | ||
| Q4 25 | $635.4M | $1.2B | ||
| Q3 25 | $690.3M | $724.6M | ||
| Q2 25 | $698.5M | $569.3M | ||
| Q1 25 | $700.9M | $504.3M | ||
| Q4 24 | $654.6M | $518.5M | ||
| Q3 24 | $724.9M | $537.2M | ||
| Q2 24 | $710.2M | $523.9M |
净利润NEURUN
| Q1 26 | $118.1M | — | ||
| Q4 25 | $81.3M | $103.6M | ||
| Q3 25 | $100.3M | $16.6M | ||
| Q2 25 | $111.2M | $279.8M | ||
| Q1 25 | $125.9M | $50.0M | ||
| Q4 24 | $110.7M | $-2.8B | ||
| Q3 24 | $132.3M | $-83.8M | ||
| Q2 24 | $111.6M | $139.1M |
毛利率NEURUN
| Q1 26 | 33.0% | — | ||
| Q4 25 | 30.0% | — | ||
| Q3 25 | 30.4% | — | ||
| Q2 25 | 31.6% | — | ||
| Q1 25 | 33.7% | — | ||
| Q4 24 | 31.7% | — | ||
| Q3 24 | 33.6% | — | ||
| Q2 24 | 30.8% | — |
营业利润率NEURUN
| Q1 26 | 21.4% | — | ||
| Q4 25 | 17.3% | 8.4% | ||
| Q3 25 | 18.9% | 0.5% | ||
| Q2 25 | 20.5% | -19.7% | ||
| Q1 25 | 22.8% | -22.8% | ||
| Q4 24 | 20.3% | -628.0% | ||
| Q3 24 | 23.4% | -23.8% | ||
| Q2 24 | 20.7% | -24.4% |
净利率NEURUN
| Q1 26 | 17.6% | — | ||
| Q4 25 | 12.8% | 8.9% | ||
| Q3 25 | 14.5% | 2.3% | ||
| Q2 25 | 15.9% | 49.1% | ||
| Q1 25 | 18.0% | 9.9% | ||
| Q4 24 | 16.9% | -542.7% | ||
| Q3 24 | 18.3% | -15.6% | ||
| Q2 24 | 15.7% | 26.5% |
每股收益（稀释后）NEURUN
| Q1 26 | $12.62 | — | ||
| Q4 25 | $8.67 | $0.38 | ||
| Q3 25 | $10.67 | $0.06 | ||
| Q2 25 | $11.84 | $1.07 | ||
| Q1 25 | $13.26 | $0.20 | ||
| Q4 24 | $11.57 | $-12.59 | ||
| Q3 24 | $13.79 | $-0.37 | ||
| Q2 24 | $11.63 | $0.55 |
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 | $73.2M | — |
| 总债务越低越好 | $939.6M | $14.7B |
| 股东权益账面价值 | $1.7B | $3.1B |
| 总资产 | $3.5B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.54× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资NEURUN
| Q1 26 | $73.2M | — | ||
| Q4 25 | $77.6M | — | ||
| Q3 25 | $102.5M | — | ||
| Q2 25 | $70.3M | — | ||
| Q1 25 | $118.3M | — | ||
| Q4 24 | $77.5M | — | ||
| Q3 24 | $80.3M | — | ||
| Q2 24 | $87.6M | — |
总债务NEURUN
| Q1 26 | $939.6M | — | ||
| Q4 25 | $883.4M | $14.7B | ||
| Q3 25 | $783.1M | $14.6B | ||
| Q2 25 | $841.8M | $14.0B | ||
| Q1 25 | $990.6M | $13.6B | ||
| Q4 24 | $971.3M | $12.9B | ||
| Q3 24 | $1.1B | $12.5B | ||
| Q2 24 | $1.2B | $12.0B |
股东权益NEURUN
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.8B | $3.1B | ||
| Q3 25 | $1.7B | $3.0B | ||
| Q2 25 | $1.6B | $2.9B | ||
| Q1 25 | $1.5B | $2.6B | ||
| Q4 24 | $1.5B | $2.6B | ||
| Q3 24 | $1.4B | $5.3B | ||
| Q2 24 | $1.2B | $5.4B |
总资产NEURUN
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $22.6B | ||
| Q3 25 | $3.2B | $22.2B | ||
| Q2 25 | $3.2B | $21.2B | ||
| Q1 25 | $3.2B | $20.4B | ||
| Q4 24 | $3.1B | $19.9B | ||
| Q3 24 | $3.2B | $22.1B | ||
| Q2 24 | $3.2B | $21.4B |
负债/权益比NEURUN
| Q1 26 | 0.54× | — | ||
| Q4 25 | 0.50× | 4.69× | ||
| Q3 25 | 0.46× | 4.90× | ||
| Q2 25 | 0.52× | 4.80× | ||
| Q1 25 | 0.65× | 5.19× | ||
| Q4 24 | 0.66× | 5.05× | ||
| Q3 24 | 0.80× | 2.36× | ||
| Q2 24 | 0.95× | 2.23× |
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 | — | $96.9M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 3.6% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流NEURUN
| Q1 26 | — | — | ||
| Q4 25 | $145.2M | $96.9M | ||
| Q3 25 | $142.4M | $-121.5M | ||
| Q2 25 | $161.1M | $-292.7M | ||
| Q1 25 | $120.3M | $-104.2M | ||
| Q4 24 | $185.2M | $-258.4M | ||
| Q3 24 | $116.6M | $-156.2M | ||
| Q2 24 | $115.0M | $-208.5M |
自由现金流NEURUN
| Q1 26 | — | — | ||
| Q4 25 | $117.2M | — | ||
| Q3 25 | $122.1M | — | ||
| Q2 25 | $144.8M | — | ||
| Q1 25 | $107.3M | — | ||
| Q4 24 | $170.6M | — | ||
| Q3 24 | $102.4M | $-156.4M | ||
| Q2 24 | $100.0M | — |
自由现金流率NEURUN
| Q1 26 | — | — | ||
| Q4 25 | 18.4% | — | ||
| Q3 25 | 17.7% | — | ||
| Q2 25 | 20.7% | — | ||
| Q1 25 | 15.3% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 14.1% | -29.1% | ||
| Q2 24 | 14.1% | — |
资本支出强度NEURUN
| Q1 26 | 3.6% | — | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 2.0% | 0.0% | ||
| Q2 24 | 2.1% | — |
现金转化率NEURUN
| Q1 26 | — | — | ||
| Q4 25 | 1.79× | 0.94× | ||
| Q3 25 | 1.42× | -7.33× | ||
| Q2 25 | 1.45× | -1.05× | ||
| Q1 25 | 0.96× | -2.08× | ||
| Q4 24 | 1.67× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 1.03× | -1.50× |
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
NEU
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% |
