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Nutanix, Inc.（NTNX）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Nutanix, Inc.的1.7倍（$1.2B vs $670.6M），Nutanix, Inc.净利率更高（9.3% vs 8.9%，领先0.3%），Sunrun Inc.同比增速更快（123.5% vs 13.5%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 8.9%）
Nutanix是美国云计算企业，专注于提供数据中心、混合多云部署相关的软件产品，覆盖虚拟化、Kubernetes容器、数据库即服务、软件定义网络、安全以及文件、对象、块级软件定义存储等领域，助力企业高效搭建与运维云基础设施。
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。
NTNX vs RUN — 直观对比
营收规模更大
RUN
是对方的1.7倍
$670.6M
营收增速更快
RUN
高出110.0%
13.5%
净利率更高
NTNX
高出0.3%
8.9%
两年增速更快
RUN
近两年复合增速
8.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $670.6M | $1.2B |
| 净利润 | $62.1M | $103.6M |
| 毛利率 | 87.0% | — |
| 营业利润率 | 7.4% | 8.4% |
| 净利率 | 9.3% | 8.9% |
| 营收同比 | 13.5% | 123.5% |
| 净利润同比 | 107.5% | 103.7% |
| 每股收益（稀释后） | $0.21 | $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NTNXRUN
| Q4 25 | $670.6M | $1.2B | ||
| Q3 25 | $653.3M | $724.6M | ||
| Q2 25 | $639.0M | $569.3M | ||
| Q1 25 | $654.7M | $504.3M | ||
| Q4 24 | $591.0M | $518.5M | ||
| Q3 24 | $548.0M | $537.2M | ||
| Q2 24 | $524.6M | $523.9M | ||
| Q1 24 | $565.2M | $458.2M |
净利润NTNXRUN
| Q4 25 | $62.1M | $103.6M | ||
| Q3 25 | $38.6M | $16.6M | ||
| Q2 25 | $63.4M | $279.8M | ||
| Q1 25 | $56.4M | $50.0M | ||
| Q4 24 | $29.9M | $-2.8B | ||
| Q3 24 | $-126.1M | $-83.8M | ||
| Q2 24 | $-15.6M | $139.1M | ||
| Q1 24 | $32.8M | $-87.8M |
毛利率NTNXRUN
| Q4 25 | 87.0% | — | ||
| Q3 25 | 87.2% | — | ||
| Q2 25 | 87.0% | — | ||
| Q1 25 | 87.0% | — | ||
| Q4 24 | 86.0% | — | ||
| Q3 24 | 85.2% | — | ||
| Q2 24 | 84.8% | — | ||
| Q1 24 | 85.6% | — |
营业利润率NTNXRUN
| Q4 25 | 7.4% | 8.4% | ||
| Q3 25 | 4.8% | 0.5% | ||
| Q2 25 | 7.6% | -19.7% | ||
| Q1 25 | 10.0% | -22.8% | ||
| Q4 24 | 4.6% | -628.0% | ||
| Q3 24 | -2.2% | -23.8% | ||
| Q2 24 | -2.2% | -24.4% | ||
| Q1 24 | 6.6% | -40.0% |
净利率NTNXRUN
| Q4 25 | 9.3% | 8.9% | ||
| Q3 25 | 5.9% | 2.3% | ||
| Q2 25 | 9.9% | 49.1% | ||
| Q1 25 | 8.6% | 9.9% | ||
| Q4 24 | 5.1% | -542.7% | ||
| Q3 24 | -23.0% | -15.6% | ||
| Q2 24 | -3.0% | 26.5% | ||
| Q1 24 | 5.8% | -19.2% |
每股收益（稀释后）NTNXRUN
| Q4 25 | $0.21 | $0.38 | ||
| Q3 25 | $0.14 | $0.06 | ||
| Q2 25 | $0.22 | $1.07 | ||
| Q1 25 | $0.19 | $0.20 | ||
| Q4 24 | $0.10 | $-12.59 | ||
| Q3 24 | $-0.50 | $-0.37 | ||
| Q2 24 | $-0.06 | $0.55 | ||
| Q1 24 | $0.12 | $-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 | $780.4M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $-668.6M | $3.1B |
| 总资产 | $3.3B | $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NTNXRUN
| Q4 25 | $780.4M | — | ||
| Q3 25 | $769.5M | — | ||
| Q2 25 | $872.6M | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $716.6M | — | ||
| Q3 24 | $655.3M | — | ||
| Q2 24 | $598.0M | — | ||
| Q1 24 | $679.2M | — |
总债务NTNXRUN
| Q4 25 | — | $14.7B | ||
| Q3 25 | — | $14.6B | ||
| Q2 25 | — | $14.0B | ||
| Q1 25 | — | $13.6B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | — | $12.5B | ||
| Q2 24 | — | $12.0B | ||
| Q1 24 | — | $11.1B |
股东权益NTNXRUN
| Q4 25 | $-668.6M | $3.1B | ||
| Q3 25 | $-694.5M | $3.0B | ||
| Q2 25 | $-711.4M | $2.9B | ||
| Q1 25 | $-807.7M | $2.6B | ||
| Q4 24 | $-685.3M | $2.6B | ||
| Q3 24 | $-728.1M | $5.3B | ||
| Q2 24 | $-619.5M | $5.4B | ||
| Q1 24 | $-611.7M | $5.2B |
总资产NTNXRUN
| Q4 25 | $3.3B | $22.6B | ||
| Q3 25 | $3.3B | $22.2B | ||
| Q2 25 | $3.1B | $21.2B | ||
| Q1 25 | $3.0B | $20.4B | ||
| Q4 24 | $2.2B | $19.9B | ||
| Q3 24 | $2.1B | $22.1B | ||
| Q2 24 | $2.8B | $21.4B | ||
| Q1 24 | $2.7B | $20.8B |
负债/权益比NTNXRUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | — | 4.90× | ||
| Q2 25 | — | 4.80× | ||
| Q1 25 | — | 5.19× | ||
| Q4 24 | — | 5.05× | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 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 | $196.8M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $174.5M | — |
| 自由现金流率自由现金流/营收 | 26.0% | — |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 现金转化率经营现金流/净利润 | 3.17× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $772.8M | — |
8季度趋势，按日历期对齐
经营现金流NTNXRUN
| Q4 25 | $196.8M | $96.9M | ||
| Q3 25 | $219.5M | $-121.5M | ||
| Q2 25 | $218.5M | $-292.7M | ||
| Q1 25 | $221.7M | $-104.2M | ||
| Q4 24 | $161.8M | $-258.4M | ||
| Q3 24 | $244.7M | $-156.2M | ||
| Q2 24 | $96.4M | $-208.5M | ||
| Q1 24 | $186.4M | $-143.1M |
自由现金流NTNXRUN
| Q4 25 | $174.5M | — | ||
| Q3 25 | $207.8M | — | ||
| Q2 25 | $203.4M | — | ||
| Q1 25 | $187.1M | — | ||
| Q4 24 | $151.9M | — | ||
| Q3 24 | $224.3M | $-156.4M | ||
| Q2 24 | $78.3M | — | ||
| Q1 24 | $162.6M | — |
自由现金流率NTNXRUN
| Q4 25 | 26.0% | — | ||
| Q3 25 | 31.8% | — | ||
| Q2 25 | 31.8% | — | ||
| Q1 25 | 28.6% | — | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 40.9% | -29.1% | ||
| Q2 24 | 14.9% | — | ||
| Q1 24 | 28.8% | — |
资本支出强度NTNXRUN
| Q4 25 | 3.3% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 5.3% | — | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 3.7% | 0.0% | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 4.2% | — |
现金转化率NTNXRUN
| Q4 25 | 3.17× | 0.94× | ||
| Q3 25 | 5.68× | -7.33× | ||
| Q2 25 | 3.45× | -1.05× | ||
| Q1 25 | 3.93× | -2.08× | ||
| Q4 24 | 5.41× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -1.50× | ||
| Q1 24 | 5.68× | — |
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
NTNX
| Services | $335.5M | 50% |
| Subscriptionand Circulation Software Entitlementand Support Subscription | $320.8M | 48% |
| Other | $14.3M | 2% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
