vs
NORTHERN OIL & GAS, INC.（NOG）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NORTHERN OIL & GAS, INC.的1.9倍（$1.2B vs $610.2M），Sunrun Inc.净利率更高（8.9% vs -11.6%，领先20.5%），Sunrun Inc.同比增速更快（123.5% vs -72.6%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 4.3%）
Marathon Oil Corporation是一家美国油气勘探开发企业，核心业务涵盖油气资源的勘探、开采与运营，2024年11月被康菲石油收购，相关业务与资产已并入康菲石油体系。
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。
NOG vs RUN — 直观对比
营收规模更大
RUN
是对方的1.9倍
$610.2M
营收增速更快
RUN
高出196.1%
-72.6%
净利率更高
RUN
高出20.5%
-11.6%
两年增速更快
RUN
近两年复合增速
4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $610.2M | $1.2B |
| 净利润 | $-70.7M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | — | 8.4% |
| 净利率 | -11.6% | 8.9% |
| 营收同比 | -72.6% | 123.5% |
| 净利润同比 | -198.7% | 103.7% |
| 每股收益（稀释后） | $-0.73 | $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NOGRUN
| Q1 26 | $610.2M | — | ||
| Q4 25 | $610.2M | $1.2B | ||
| Q3 25 | $556.6M | $724.6M | ||
| Q2 25 | $706.8M | $569.3M | ||
| Q1 25 | $602.1M | $504.3M | ||
| Q4 24 | $515.0M | $518.5M | ||
| Q3 24 | $753.6M | $537.2M | ||
| Q2 24 | $560.8M | $523.9M |
净利润NOGRUN
| Q1 26 | $-70.7M | — | ||
| Q4 25 | $-70.7M | $103.6M | ||
| Q3 25 | $-129.1M | $16.6M | ||
| Q2 25 | $99.6M | $279.8M | ||
| Q1 25 | $139.0M | $50.0M | ||
| Q4 24 | $71.7M | $-2.8B | ||
| Q3 24 | $298.4M | $-83.8M | ||
| Q2 24 | $138.6M | $139.1M |
毛利率NOGRUN
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | — | ||
| Q3 25 | 78.7% | — | ||
| Q2 25 | 82.8% | — | ||
| Q1 25 | 81.1% | — | ||
| Q4 24 | 77.4% | — | ||
| Q3 24 | 85.8% | — | ||
| Q2 24 | 82.0% | — |
营业利润率NOGRUN
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 8.4% | ||
| Q3 25 | -22.6% | 0.5% | ||
| Q2 25 | 24.9% | -19.7% | ||
| Q1 25 | 38.1% | -22.8% | ||
| Q4 24 | 25.8% | -628.0% | ||
| Q3 24 | 57.6% | -23.8% | ||
| Q2 24 | 39.0% | -24.4% |
净利率NOGRUN
| Q1 26 | -11.6% | — | ||
| Q4 25 | -11.6% | 8.9% | ||
| Q3 25 | -23.2% | 2.3% | ||
| Q2 25 | 14.1% | 49.1% | ||
| Q1 25 | 23.1% | 9.9% | ||
| Q4 24 | 13.9% | -542.7% | ||
| Q3 24 | 39.6% | -15.6% | ||
| Q2 24 | 24.7% | 26.5% |
每股收益（稀释后）NOGRUN
| Q1 26 | $-0.73 | — | ||
| Q4 25 | $-0.67 | $0.38 | ||
| Q3 25 | $-1.33 | $0.06 | ||
| Q2 25 | $1.00 | $1.07 | ||
| Q1 25 | $1.39 | $0.20 | ||
| Q4 24 | $0.71 | $-12.59 | ||
| Q3 24 | $2.96 | $-0.37 | ||
| Q2 24 | $1.36 | $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 | $14.3M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $2.1B | $3.1B |
| 总资产 | $5.4B | $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NOGRUN
| Q1 26 | $14.3M | — | ||
| Q4 25 | $14.3M | — | ||
| Q3 25 | $31.6M | — | ||
| Q2 25 | $25.9M | — | ||
| Q1 25 | $33.6M | — | ||
| Q4 24 | $8.9M | — | ||
| Q3 24 | $34.4M | — | ||
| Q2 24 | $7.8M | — |
总债务NOGRUN
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $14.7B | ||
| Q3 25 | $2.3B | $14.6B | ||
| Q2 25 | $2.4B | $14.0B | ||
| Q1 25 | $2.3B | $13.6B | ||
| Q4 24 | $2.4B | $12.9B | ||
| Q3 24 | $2.0B | $12.5B | ||
| Q2 24 | $1.9B | $12.0B |
股东权益NOGRUN
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $3.1B | ||
| Q3 25 | $2.2B | $3.0B | ||
| Q2 25 | $2.4B | $2.9B | ||
| Q1 25 | $2.4B | $2.6B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $2.3B | $5.3B | ||
| Q2 24 | $2.1B | $5.4B |
总资产NOGRUN
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.4B | $22.6B | ||
| Q3 25 | $5.5B | $22.2B | ||
| Q2 25 | $5.7B | $21.2B | ||
| Q1 25 | $5.7B | $20.4B | ||
| Q4 24 | $5.6B | $19.9B | ||
| Q3 24 | $5.1B | $22.1B | ||
| Q2 24 | $4.7B | $21.4B |
负债/权益比NOGRUN
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | 4.69× | ||
| Q3 25 | 1.05× | 4.90× | ||
| Q2 25 | 0.98× | 4.80× | ||
| Q1 25 | 0.96× | 5.19× | ||
| Q4 24 | 1.02× | 5.05× | ||
| Q3 24 | 0.84× | 2.36× | ||
| Q2 24 | 0.91× | 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 | $312.6M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $43.2M | — |
| 自由现金流率自由现金流/营收 | 7.1% | — |
| 资本支出强度资本支出/营收 | 31.5% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流NOGRUN
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $96.9M | ||
| Q3 25 | $423.1M | $-121.5M | ||
| Q2 25 | $362.1M | $-292.7M | ||
| Q1 25 | $407.4M | $-104.2M | ||
| Q4 24 | $290.3M | $-258.4M | ||
| Q3 24 | $385.8M | $-156.2M | ||
| Q2 24 | $340.5M | $-208.5M |
自由现金流NOGRUN
| Q1 26 | $43.2M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-156.4M | ||
| Q2 24 | — | — |
自由现金流率NOGRUN
| Q1 26 | 7.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -29.1% | ||
| Q2 24 | — | — |
资本支出强度NOGRUN
| Q1 26 | 31.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — |
现金转化率NOGRUN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | 3.64× | -1.05× | ||
| Q1 25 | 2.93× | -2.08× | ||
| Q4 24 | 4.05× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 2.46× | -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
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
