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纽约时报公司（NYT）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.的季度营收约是纽约时报公司的1.4倍（$1.2B vs $802.3M），纽约时报公司净利率更高（16.2% vs 8.9%，领先7.2%），Sunrun Inc.同比增速更快（123.5% vs 10.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 16.2%）
纽约时报公司是美国知名大众传媒企业，总部位于纽约市曼哈顿的纽约时报大厦，旗下核心出版产品包括《纽约时报》及其国际版等系列刊物，同时运营多元媒体资产，在全球新闻传媒领域拥有较高知名度。
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。
NYT vs RUN — 直观对比
营收规模更大
RUN
是对方的1.4倍
$802.3M
营收增速更快
RUN
高出113.1%
10.4%
净利率更高
NYT
高出7.2%
8.9%
两年增速更快
RUN
近两年复合增速
16.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $802.3M | $1.2B |
| 净利润 | $129.8M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 20.1% | 8.4% |
| 净利率 | 16.2% | 8.9% |
| 营收同比 | 10.4% | 123.5% |
| 净利润同比 | 4.9% | 103.7% |
| 每股收益（稀释后） | $0.79 | $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NYTRUN
| Q4 25 | $802.3M | $1.2B | ||
| Q3 25 | $700.8M | $724.6M | ||
| Q2 25 | $685.9M | $569.3M | ||
| Q1 25 | $635.9M | $504.3M | ||
| Q4 24 | $726.6M | $518.5M | ||
| Q3 24 | $640.2M | $537.2M | ||
| Q2 24 | $625.1M | $523.9M | ||
| Q1 24 | $594.0M | $458.2M |
净利润NYTRUN
| Q4 25 | $129.8M | $103.6M | ||
| Q3 25 | $81.6M | $16.6M | ||
| Q2 25 | $82.9M | $279.8M | ||
| Q1 25 | $49.6M | $50.0M | ||
| Q4 24 | $123.7M | $-2.8B | ||
| Q3 24 | $64.1M | $-83.8M | ||
| Q2 24 | $65.5M | $139.1M | ||
| Q1 24 | $40.4M | $-87.8M |
营业利润率NYTRUN
| Q4 25 | 20.1% | 8.4% | ||
| Q3 25 | 15.0% | 0.5% | ||
| Q2 25 | 15.5% | -19.7% | ||
| Q1 25 | 9.2% | -22.8% | ||
| Q4 24 | 20.2% | -628.0% | ||
| Q3 24 | 12.0% | -23.8% | ||
| Q2 24 | 12.7% | -24.4% | ||
| Q1 24 | 8.1% | -40.0% |
净利率NYTRUN
| Q4 25 | 16.2% | 8.9% | ||
| Q3 25 | 11.7% | 2.3% | ||
| Q2 25 | 12.1% | 49.1% | ||
| Q1 25 | 7.8% | 9.9% | ||
| Q4 24 | 17.0% | -542.7% | ||
| Q3 24 | 10.0% | -15.6% | ||
| Q2 24 | 10.5% | 26.5% | ||
| Q1 24 | 6.8% | -19.2% |
每股收益（稀释后）NYTRUN
| Q4 25 | $0.79 | $0.38 | ||
| Q3 25 | $0.50 | $0.06 | ||
| Q2 25 | $0.50 | $1.07 | ||
| Q1 25 | $0.30 | $0.20 | ||
| Q4 24 | $0.74 | $-12.59 | ||
| Q3 24 | $0.39 | $-0.37 | ||
| Q2 24 | $0.40 | $0.55 | ||
| Q1 24 | $0.24 | $-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 | $642.2M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $2.0B | $3.1B |
| 总资产 | $3.0B | $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NYTRUN
| Q4 25 | $642.2M | — | ||
| Q3 25 | $617.4M | — | ||
| Q2 25 | $540.2M | — | ||
| Q1 25 | $522.1M | — | ||
| Q4 24 | $565.9M | — | ||
| Q3 24 | $492.9M | — | ||
| Q2 24 | $411.4M | — | ||
| Q1 24 | $379.1M | — |
总债务NYTRUN
| 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NYTRUN
| Q4 25 | $2.0B | $3.1B | ||
| Q3 25 | $2.0B | $3.0B | ||
| Q2 25 | $1.9B | $2.9B | ||
| Q1 25 | $1.9B | $2.6B | ||
| Q4 24 | $1.9B | $2.6B | ||
| Q3 24 | $1.9B | $5.3B | ||
| Q2 24 | $1.8B | $5.4B | ||
| Q1 24 | $1.7B | $5.2B |
总资产NYTRUN
| Q4 25 | $3.0B | $22.6B | ||
| Q3 25 | $2.9B | $22.2B | ||
| Q2 25 | $2.8B | $21.2B | ||
| Q1 25 | $2.7B | $20.4B | ||
| Q4 24 | $2.8B | $19.9B | ||
| Q3 24 | $2.8B | $22.1B | ||
| Q2 24 | $2.7B | $21.4B | ||
| Q1 24 | $2.6B | $20.8B |
负债/权益比NYTRUN
| 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 | $164.2M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $157.6M | — |
| 自由现金流率自由现金流/营收 | 19.6% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 1.26× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $550.5M | — |
8季度趋势，按日历期对齐
经营现金流NYTRUN
| Q4 25 | $164.2M | $96.9M | ||
| Q3 25 | $207.6M | $-121.5M | ||
| Q2 25 | $113.6M | $-292.7M | ||
| Q1 25 | $99.1M | $-104.2M | ||
| Q4 24 | $151.7M | $-258.4M | ||
| Q3 24 | $125.5M | $-156.2M | ||
| Q2 24 | $80.2M | $-208.5M | ||
| Q1 24 | $53.1M | $-143.1M |
自由现金流NYTRUN
| Q4 25 | $157.6M | — | ||
| Q3 25 | $199.7M | — | ||
| Q2 25 | $103.3M | — | ||
| Q1 25 | $89.9M | — | ||
| Q4 24 | $143.6M | — | ||
| Q3 24 | $118.4M | $-156.4M | ||
| Q2 24 | $72.6M | — | ||
| Q1 24 | $46.7M | — |
自由现金流率NYTRUN
| Q4 25 | 19.6% | — | ||
| Q3 25 | 28.5% | — | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 14.1% | — | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 18.5% | -29.1% | ||
| Q2 24 | 11.6% | — | ||
| Q1 24 | 7.9% | — |
资本支出强度NYTRUN
| Q4 25 | 0.8% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.1% | 0.0% | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 1.1% | — |
现金转化率NYTRUN
| Q4 25 | 1.26× | 0.94× | ||
| Q3 25 | 2.54× | -7.33× | ||
| Q2 25 | 1.37× | -1.05× | ||
| Q1 25 | 2.00× | -2.08× | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.96× | — | ||
| Q2 24 | 1.22× | -1.50× | ||
| Q1 24 | 1.31× | — |
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
NYT
| Subscription | $510.5M | 64% |
| Advertising | $191.7M | 24% |
| Affiliate Licensing And Other Products And Services | $100.2M | 12% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
