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Okta, Inc.（OKTA）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Okta, Inc.的1.6倍（$1.2B vs $742.0M），Sunrun Inc.净利率更高（8.9% vs 5.8%，领先3.1%），Sunrun Inc.同比增速更快（123.5% vs 11.6%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 10.7%）
Okta是总部位于美国旧金山的身份与访问管理服务商，成立于2009年，主打云软件产品，可助力企业管理和保障用户应用访问认证安全，同时支持开发者在应用、网站、网络服务及设备中嵌入身份管控功能，2017年上市时估值超60亿美元。
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。
OKTA vs RUN — 直观对比
营收规模更大
RUN
是对方的1.6倍
$742.0M
营收增速更快
RUN
高出111.9%
11.6%
净利率更高
RUN
高出3.1%
5.8%
两年增速更快
RUN
近两年复合增速
10.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $742.0M | $1.2B |
| 净利润 | $43.0M | $103.6M |
| 毛利率 | 77.1% | — |
| 营业利润率 | 3.1% | 8.4% |
| 净利率 | 5.8% | 8.9% |
| 营收同比 | 11.6% | 123.5% |
| 净利润同比 | 168.8% | 103.7% |
| 每股收益（稀释后） | $0.24 | $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OKTARUN
| Q4 25 | $742.0M | $1.2B | ||
| Q3 25 | $728.0M | $724.6M | ||
| Q2 25 | $688.0M | $569.3M | ||
| Q1 25 | $682.0M | $504.3M | ||
| Q4 24 | $665.0M | $518.5M | ||
| Q3 24 | $646.0M | $537.2M | ||
| Q2 24 | $617.0M | $523.9M | ||
| Q1 24 | $605.0M | $458.2M |
净利润OKTARUN
| Q4 25 | $43.0M | $103.6M | ||
| Q3 25 | $67.0M | $16.6M | ||
| Q2 25 | $62.0M | $279.8M | ||
| Q1 25 | $23.0M | $50.0M | ||
| Q4 24 | $16.0M | $-2.8B | ||
| Q3 24 | $29.0M | $-83.8M | ||
| Q2 24 | $-40.0M | $139.1M | ||
| Q1 24 | $-44.0M | $-87.8M |
毛利率OKTARUN
| Q4 25 | 77.1% | — | ||
| Q3 25 | 76.9% | — | ||
| Q2 25 | 77.5% | — | ||
| Q1 25 | 76.8% | — | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 76.0% | — | ||
| Q2 24 | 76.0% | — | ||
| Q1 24 | 76.0% | — |
营业利润率OKTARUN
| Q4 25 | 3.1% | 8.4% | ||
| Q3 25 | 5.6% | 0.5% | ||
| Q2 25 | 5.7% | -19.7% | ||
| Q1 25 | 1.2% | -22.8% | ||
| Q4 24 | -2.4% | -628.0% | ||
| Q3 24 | -2.9% | -23.8% | ||
| Q2 24 | -7.6% | -24.4% | ||
| Q1 24 | -13.7% | -40.0% |
净利率OKTARUN
| Q4 25 | 5.8% | 8.9% | ||
| Q3 25 | 9.2% | 2.3% | ||
| Q2 25 | 9.0% | 49.1% | ||
| Q1 25 | 3.4% | 9.9% | ||
| Q4 24 | 2.4% | -542.7% | ||
| Q3 24 | 4.5% | -15.6% | ||
| Q2 24 | -6.5% | 26.5% | ||
| Q1 24 | -7.3% | -19.2% |
每股收益（稀释后）OKTARUN
| Q4 25 | $0.24 | $0.38 | ||
| Q3 25 | $0.37 | $0.06 | ||
| Q2 25 | $0.35 | $1.07 | ||
| Q1 25 | $0.15 | $0.20 | ||
| Q4 24 | $0.00 | $-12.59 | ||
| Q3 24 | $0.15 | $-0.37 | ||
| Q2 24 | $-0.24 | $0.55 | ||
| Q1 24 | $-0.26 | $-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 | $2.5B | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $6.9B | $3.1B |
| 总资产 | $9.2B | $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OKTARUN
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.2B | — |
总债务OKTARUN
| 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OKTARUN
| Q4 25 | $6.9B | $3.1B | ||
| Q3 25 | $6.8B | $3.0B | ||
| Q2 25 | $6.6B | $2.9B | ||
| Q1 25 | $6.4B | $2.6B | ||
| Q4 24 | $6.3B | $2.6B | ||
| Q3 24 | $6.1B | $5.3B | ||
| Q2 24 | $6.0B | $5.4B | ||
| Q1 24 | $5.9B | $5.2B |
总资产OKTARUN
| Q4 25 | $9.2B | $22.6B | ||
| Q3 25 | $9.6B | $22.2B | ||
| Q2 25 | $9.4B | $21.2B | ||
| Q1 25 | $9.4B | $20.4B | ||
| Q4 24 | $9.0B | $19.9B | ||
| Q3 24 | $9.1B | $22.1B | ||
| Q2 24 | $9.0B | $21.4B | ||
| Q1 24 | $9.0B | $20.8B |
负债/权益比OKTARUN
| 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 | $218.0M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $214.0M | — |
| 自由现金流率自由现金流/营收 | 28.8% | — |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 现金转化率经营现金流/净利润 | 5.07× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $904.0M | — |
8季度趋势，按日历期对齐
经营现金流OKTARUN
| Q4 25 | $218.0M | $96.9M | ||
| Q3 25 | $167.0M | $-121.5M | ||
| Q2 25 | $241.0M | $-292.7M | ||
| Q1 25 | $286.0M | $-104.2M | ||
| Q4 24 | $159.0M | $-258.4M | ||
| Q3 24 | $86.0M | $-156.2M | ||
| Q2 24 | $219.0M | $-208.5M | ||
| Q1 24 | $174.0M | $-143.1M |
自由现金流OKTARUN
| Q4 25 | $214.0M | — | ||
| Q3 25 | $165.0M | — | ||
| Q2 25 | $240.0M | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | $158.0M | — | ||
| Q3 24 | $81.0M | $-156.4M | ||
| Q2 24 | $218.0M | — | ||
| Q1 24 | $171.0M | — |
自由现金流率OKTARUN
| Q4 25 | 28.8% | — | ||
| Q3 25 | 22.7% | — | ||
| Q2 25 | 34.9% | — | ||
| Q1 25 | 41.8% | — | ||
| Q4 24 | 23.8% | — | ||
| Q3 24 | 12.5% | -29.1% | ||
| Q2 24 | 35.3% | — | ||
| Q1 24 | 28.3% | — |
资本支出强度OKTARUN
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.8% | 0.0% | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.5% | — |
现金转化率OKTARUN
| Q4 25 | 5.07× | 0.94× | ||
| Q3 25 | 2.49× | -7.33× | ||
| Q2 25 | 3.89× | -1.05× | ||
| Q1 25 | 12.43× | -2.08× | ||
| Q4 24 | 9.94× | — | ||
| Q3 24 | 2.97× | — | ||
| Q2 24 | — | -1.50× | ||
| Q1 24 | — | — |
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
OKTA
| Subscription And Circulation | $724.0M | 98% |
| Technology Service | $18.0M | 2% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
