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Envista Holdings Corp（NVST）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Envista Holdings Corp的1.5倍（$1.2B vs $750.6M），Sunrun Inc.净利率更高（8.9% vs 4.4%，领先4.6%），Sunrun Inc.同比增速更快（123.5% vs 15.0%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 9.7%）
Envista Holdings Corp是一家总部位于美国的企业，旗下Envista Forensics业务板块面向保险、法律及风险管理行业，在全球范围内提供法务工程与事故复原解决方案。公司前身为LWG咨询有限公司，2017年正式更名为Envista Forensics。
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。
NVST vs RUN — 直观对比
营收规模更大
RUN
是对方的1.5倍
$750.6M
营收增速更快
RUN
高出108.5%
15.0%
净利率更高
RUN
高出4.6%
4.4%
两年增速更快
RUN
近两年复合增速
9.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $750.6M | $1.2B |
| 净利润 | $32.9M | $103.6M |
| 毛利率 | 54.7% | — |
| 营业利润率 | 9.8% | 8.4% |
| 净利率 | 4.4% | 8.9% |
| 营收同比 | 15.0% | 123.5% |
| 净利润同比 | 2641.7% | 103.7% |
| 每股收益（稀释后） | $0.20 | $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NVSTRUN
| Q4 25 | $750.6M | $1.2B | ||
| Q3 25 | $669.9M | $724.6M | ||
| Q2 25 | $682.1M | $569.3M | ||
| Q1 25 | $616.9M | $504.3M | ||
| Q4 24 | $652.9M | $518.5M | ||
| Q3 24 | $601.0M | $537.2M | ||
| Q2 24 | $633.1M | $523.9M | ||
| Q1 24 | $623.6M | $458.2M |
净利润NVSTRUN
| Q4 25 | $32.9M | $103.6M | ||
| Q3 25 | $-30.3M | $16.6M | ||
| Q2 25 | $26.4M | $279.8M | ||
| Q1 25 | $18.0M | $50.0M | ||
| Q4 24 | $1.2M | $-2.8B | ||
| Q3 24 | $8.2M | $-83.8M | ||
| Q2 24 | $-1.2B | $139.1M | ||
| Q1 24 | $23.6M | $-87.8M |
毛利率NVSTRUN
| Q4 25 | 54.7% | — | ||
| Q3 25 | 55.3% | — | ||
| Q2 25 | 54.2% | — | ||
| Q1 25 | 54.5% | — | ||
| Q4 24 | 57.1% | — | ||
| Q3 24 | 52.8% | — | ||
| Q2 24 | 51.6% | — | ||
| Q1 24 | 57.1% | — |
营业利润率NVSTRUN
| Q4 25 | 9.8% | 8.4% | ||
| Q3 25 | 8.6% | 0.5% | ||
| Q2 25 | 6.8% | -19.7% | ||
| Q1 25 | 6.3% | -22.8% | ||
| Q4 24 | 7.1% | -628.0% | ||
| Q3 24 | 3.5% | -23.8% | ||
| Q2 24 | -182.2% | -24.4% | ||
| Q1 24 | 7.7% | -40.0% |
净利率NVSTRUN
| Q4 25 | 4.4% | 8.9% | ||
| Q3 25 | -4.5% | 2.3% | ||
| Q2 25 | 3.9% | 49.1% | ||
| Q1 25 | 2.9% | 9.9% | ||
| Q4 24 | 0.2% | -542.7% | ||
| Q3 24 | 1.4% | -15.6% | ||
| Q2 24 | -181.9% | 26.5% | ||
| Q1 24 | 3.8% | -19.2% |
每股收益（稀释后）NVSTRUN
| Q4 25 | $0.20 | $0.38 | ||
| Q3 25 | $-0.18 | $0.06 | ||
| Q2 25 | $0.16 | $1.07 | ||
| Q1 25 | $0.10 | $0.20 | ||
| Q4 24 | $0.00 | $-12.59 | ||
| Q3 24 | $0.05 | $-0.37 | ||
| Q2 24 | $-6.69 | $0.55 | ||
| Q1 24 | $0.14 | $-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 | $1.2B | — |
| 总债务越低越好 | $1.4B | $14.7B |
| 股东权益账面价值 | $3.1B | $3.1B |
| 总资产 | $5.7B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.47× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资NVSTRUN
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $991.3M | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $948.5M | — |
总债务NVSTRUN
| Q4 25 | $1.4B | $14.7B | ||
| Q3 25 | $1.4B | $14.6B | ||
| Q2 25 | $1.4B | $14.0B | ||
| Q1 25 | $1.4B | $13.6B | ||
| Q4 24 | $1.4B | $12.9B | ||
| Q3 24 | $1.4B | $12.5B | ||
| Q2 24 | $1.5B | $12.0B | ||
| Q1 24 | $1.5B | $11.1B |
股东权益NVSTRUN
| Q4 25 | $3.1B | $3.1B | ||
| Q3 25 | $3.1B | $3.0B | ||
| Q2 25 | $3.1B | $2.9B | ||
| Q1 25 | $3.0B | $2.6B | ||
| Q4 24 | $2.9B | $2.6B | ||
| Q3 24 | $3.1B | $5.3B | ||
| Q2 24 | $3.0B | $5.4B | ||
| Q1 24 | $4.1B | $5.2B |
总资产NVSTRUN
| Q4 25 | $5.7B | $22.6B | ||
| Q3 25 | $5.6B | $22.2B | ||
| Q2 25 | $5.7B | $21.2B | ||
| Q1 25 | $5.5B | $20.4B | ||
| Q4 24 | $5.4B | $19.9B | ||
| Q3 24 | $5.5B | $22.1B | ||
| Q2 24 | $5.4B | $21.4B | ||
| Q1 24 | $6.6B | $20.8B |
负债/权益比NVSTRUN
| Q4 25 | 0.47× | 4.69× | ||
| Q3 25 | 0.47× | 4.90× | ||
| Q2 25 | 0.46× | 4.80× | ||
| Q1 25 | 0.47× | 5.19× | ||
| Q4 24 | 0.48× | 5.05× | ||
| Q3 24 | 0.46× | 2.36× | ||
| Q2 24 | 0.51× | 2.23× | ||
| Q1 24 | 0.36× | 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 | $108.0M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $91.7M | — |
| 自由现金流率自由现金流/营收 | 12.2% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | 3.28× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $230.4M | — |
8季度趋势，按日历期对齐
经营现金流NVSTRUN
| Q4 25 | $108.0M | $96.9M | ||
| Q3 25 | $78.7M | $-121.5M | ||
| Q2 25 | $88.7M | $-292.7M | ||
| Q1 25 | $300.0K | $-104.2M | ||
| Q4 24 | $132.4M | $-258.4M | ||
| Q3 24 | $70.7M | $-156.2M | ||
| Q2 24 | $93.1M | $-208.5M | ||
| Q1 24 | $40.3M | $-143.1M |
自由现金流NVSTRUN
| Q4 25 | $91.7M | — | ||
| Q3 25 | $67.9M | — | ||
| Q2 25 | $76.4M | — | ||
| Q1 25 | $-5.6M | — | ||
| Q4 24 | $123.8M | — | ||
| Q3 24 | $63.3M | $-156.4M | ||
| Q2 24 | $86.3M | — | ||
| Q1 24 | $29.3M | — |
自由现金流率NVSTRUN
| Q4 25 | 12.2% | — | ||
| Q3 25 | 10.1% | — | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | -0.9% | — | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 10.5% | -29.1% | ||
| Q2 24 | 13.6% | — | ||
| Q1 24 | 4.7% | — |
资本支出强度NVSTRUN
| Q4 25 | 2.2% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.2% | 0.0% | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 1.8% | — |
现金转化率NVSTRUN
| Q4 25 | 3.28× | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | 3.36× | -1.05× | ||
| Q1 25 | 0.02× | -2.08× | ||
| Q4 24 | 110.33× | — | ||
| Q3 24 | 8.62× | — | ||
| Q2 24 | — | -1.50× | ||
| Q1 24 | 1.71× | — |
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
NVST
| Other | $375.8M | 50% |
| Specialty Productsand Technologies | $188.4M | 25% |
| Equipmentand Consumables | $186.4M | 25% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
