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OGE ENERGY CORP.（OGE）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OGE ENERGY CORP.的1.5倍（$1.2B vs $752.6M），Sunrun Inc.净利率更高（8.9% vs 6.7%，领先2.3%），Sunrun Inc.同比增速更快（123.5% vs 0.7%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 8.1%）
OGE能源集团是一家受监管的公用电力企业，核心子公司俄克拉荷马燃气电力公司为俄克拉荷马州及阿肯色州超84.3万用户提供服务，覆盖俄克拉荷马城大都会区150万居民，总部设于俄克拉荷马城市中心。集团原旗下天然气管道业务Enogex于2013年与CenterPoint Energy的中游业务合并组建为Enable Midstream。
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。
OGE vs RUN — 直观对比
营收规模更大
RUN
是对方的1.5倍
$752.6M
营收增速更快
RUN
高出122.8%
0.7%
净利率更高
RUN
高出2.3%
6.7%
两年增速更快
RUN
近两年复合增速
8.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $752.6M | $1.2B |
| 净利润 | $50.2M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 15.0% | 8.4% |
| 净利率 | 6.7% | 8.9% |
| 营收同比 | 0.7% | 123.5% |
| 净利润同比 | -19.9% | 103.7% |
| 每股收益（稀释后） | — | $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OGERUN
| Q1 26 | $752.6M | — | ||
| Q4 25 | $701.7M | $1.2B | ||
| Q3 25 | $1.0B | $724.6M | ||
| Q2 25 | $719.7M | $569.3M | ||
| Q1 25 | $741.1M | $504.3M | ||
| Q4 24 | $744.7M | $518.5M | ||
| Q3 24 | $945.2M | $537.2M | ||
| Q2 24 | $644.1M | $523.9M |
净利润OGERUN
| Q1 26 | $50.2M | — | ||
| Q4 25 | $69.2M | $103.6M | ||
| Q3 25 | $231.3M | $16.6M | ||
| Q2 25 | $107.5M | $279.8M | ||
| Q1 25 | $62.7M | $50.0M | ||
| Q4 24 | $101.9M | $-2.8B | ||
| Q3 24 | $218.7M | $-83.8M | ||
| Q2 24 | $102.3M | $139.1M |
毛利率OGERUN
| Q1 26 | — | — | ||
| Q4 25 | 59.2% | — | ||
| Q3 25 | 62.2% | — | ||
| Q2 25 | 63.7% | — | ||
| Q1 25 | 56.3% | — | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 63.0% | — | ||
| Q2 24 | 69.9% | — |
营业利润率OGERUN
| Q1 26 | 15.0% | — | ||
| Q4 25 | 19.7% | 8.4% | ||
| Q3 25 | 33.2% | 0.5% | ||
| Q2 25 | 25.9% | -19.7% | ||
| Q1 25 | 18.0% | -22.8% | ||
| Q4 24 | 24.5% | -628.0% | ||
| Q3 24 | 33.1% | -23.8% | ||
| Q2 24 | 27.3% | -24.4% |
净利率OGERUN
| Q1 26 | 6.7% | — | ||
| Q4 25 | 9.9% | 8.9% | ||
| Q3 25 | 22.5% | 2.3% | ||
| Q2 25 | 14.9% | 49.1% | ||
| Q1 25 | 8.5% | 9.9% | ||
| Q4 24 | 13.7% | -542.7% | ||
| Q3 24 | 23.1% | -15.6% | ||
| Q2 24 | 15.9% | 26.5% |
每股收益（稀释后）OGERUN
| Q1 26 | — | — | ||
| Q4 25 | $0.34 | $0.38 | ||
| Q3 25 | $1.14 | $0.06 | ||
| Q2 25 | $0.53 | $1.07 | ||
| Q1 25 | $0.31 | $0.20 | ||
| Q4 24 | $0.50 | $-12.59 | ||
| Q3 24 | $1.09 | $-0.37 | ||
| Q2 24 | $0.51 | $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 | — | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | — | $3.1B |
| 总资产 | — | $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OGERUN
| Q1 26 | — | — | ||
| Q4 25 | $200.0K | — | ||
| Q3 25 | $300.0K | — | ||
| Q2 25 | $500.0K | — | ||
| Q1 25 | $26.9M | — | ||
| Q4 24 | $600.0K | — | ||
| Q3 24 | $9.9M | — | ||
| Q2 24 | $100.0K | — |
总债务OGERUN
| Q1 26 | — | — | ||
| Q4 25 | $5.4B | $14.7B | ||
| Q3 25 | — | $14.6B | ||
| Q2 25 | — | $14.0B | ||
| Q1 25 | — | $13.6B | ||
| Q4 24 | $5.1B | $12.9B | ||
| Q3 24 | — | $12.5B | ||
| Q2 24 | — | $12.0B |
股东权益OGERUN
| Q1 26 | — | — | ||
| Q4 25 | $5.0B | $3.1B | ||
| Q3 25 | $4.8B | $3.0B | ||
| Q2 25 | $4.6B | $2.9B | ||
| Q1 25 | $4.6B | $2.6B | ||
| Q4 24 | $4.6B | $2.6B | ||
| Q3 24 | $4.6B | $5.3B | ||
| Q2 24 | $4.5B | $5.4B |
总资产OGERUN
| Q1 26 | — | — | ||
| Q4 25 | $14.4B | $22.6B | ||
| Q3 25 | $14.3B | $22.2B | ||
| Q2 25 | $14.1B | $21.2B | ||
| Q1 25 | $14.0B | $20.4B | ||
| Q4 24 | $13.7B | $19.9B | ||
| Q3 24 | $13.5B | $22.1B | ||
| Q2 24 | $13.2B | $21.4B |
负债/权益比OGERUN
| Q1 26 | — | — | ||
| Q4 25 | 1.08× | 4.69× | ||
| Q3 25 | — | 4.90× | ||
| Q2 25 | — | 4.80× | ||
| Q1 25 | — | 5.19× | ||
| Q4 24 | 1.09× | 5.05× | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 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 | — | — |
| 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OGERUN
| Q1 26 | — | — | ||
| Q4 25 | $384.8M | $96.9M | ||
| Q3 25 | $397.8M | $-121.5M | ||
| Q2 25 | $338.6M | $-292.7M | ||
| Q1 25 | $15.9M | $-104.2M | ||
| Q4 24 | $129.6M | $-258.4M | ||
| Q3 24 | $347.1M | $-156.2M | ||
| Q2 24 | $253.1M | $-208.5M |
自由现金流OGERUN
| Q1 26 | — | — | ||
| Q4 25 | $83.1M | — | ||
| Q3 25 | $168.3M | — | ||
| Q2 25 | $64.9M | — | ||
| Q1 25 | $-233.6M | — | ||
| Q4 24 | $-167.0M | — | ||
| Q3 24 | $103.0M | $-156.4M | ||
| Q2 24 | $-70.2M | — |
自由现金流率OGERUN
| Q1 26 | — | — | ||
| Q4 25 | 11.8% | — | ||
| Q3 25 | 16.4% | — | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | -31.5% | — | ||
| Q4 24 | -22.4% | — | ||
| Q3 24 | 10.9% | -29.1% | ||
| Q2 24 | -10.9% | — |
资本支出强度OGERUN
| Q1 26 | — | — | ||
| Q4 25 | 43.0% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 38.0% | — | ||
| Q1 25 | 33.7% | — | ||
| Q4 24 | 39.8% | — | ||
| Q3 24 | 25.8% | 0.0% | ||
| Q2 24 | 50.2% | — |
现金转化率OGERUN
| Q1 26 | — | — | ||
| Q4 25 | 5.56× | 0.94× | ||
| Q3 25 | 1.72× | -7.33× | ||
| Q2 25 | 3.15× | -1.05× | ||
| Q1 25 | 0.25× | -2.08× | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.59× | — | ||
| Q2 24 | 2.47× | -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
OGE
| Residential | $260.4M | 35% |
| Commercial | $212.0M | 28% |
| Public authorities and street light | $61.9M | 8% |
| Industrial | $60.7M | 8% |
| Oilfield | $58.4M | 8% |
| Integrated market | $47.3M | 6% |
| Transmission | $40.7M | 5% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
