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OLIN Corp（OLN）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
OLIN Corp的季度营收约是Sunrun Inc.的1.4倍（$1.7B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -8.6%，领先17.5%），Sunrun Inc.同比增速更快（123.5% vs -0.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 0.9%）
奥林公司是美国知名制造企业，主营弹药、氯气及氢氧化钠产品。其历史可追溯至1892年成立的两家企业：富兰克林·W·奥林创立的公平火药公司，以及马西森碱业公司。过往奥林旗下化工厂曾发生安全事故，对员工及周边居民健康造成风险。
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。
OLN vs RUN — 直观对比
营收规模更大
OLN
是对方的1.4倍
$1.2B
营收增速更快
RUN
高出123.9%
-0.4%
净利率更高
RUN
高出17.5%
-8.6%
两年增速更快
RUN
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $-143.2M | $103.6M |
| 毛利率 | 1.9% | — |
| 营业利润率 | -9.4% | 8.4% |
| 净利率 | -8.6% | 8.9% |
| 营收同比 | -0.4% | 123.5% |
| 净利润同比 | -1517.8% | 103.7% |
| 每股收益（稀释后） | $-1.25 | $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OLNRUN
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.7B | $724.6M | ||
| Q2 25 | $1.8B | $569.3M | ||
| Q1 25 | $1.6B | $504.3M | ||
| Q4 24 | $1.7B | $518.5M | ||
| Q3 24 | $1.6B | $537.2M | ||
| Q2 24 | $1.6B | $523.9M | ||
| Q1 24 | $1.6B | $458.2M |
净利润OLNRUN
| Q4 25 | $-143.2M | $103.6M | ||
| Q3 25 | $43.7M | $16.6M | ||
| Q2 25 | $-2.8M | $279.8M | ||
| Q1 25 | $1.2M | $50.0M | ||
| Q4 24 | $10.1M | $-2.8B | ||
| Q3 24 | $-25.2M | $-83.8M | ||
| Q2 24 | $72.3M | $139.1M | ||
| Q1 24 | $47.8M | $-87.8M |
毛利率OLNRUN
| Q4 25 | 1.9% | — | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 9.4% | — | ||
| Q3 24 | 8.5% | — | ||
| Q2 24 | 14.5% | — | ||
| Q1 24 | 12.7% | — |
营业利润率OLNRUN
| Q4 25 | -9.4% | 8.4% | ||
| Q3 25 | 4.8% | 0.5% | ||
| Q2 25 | 2.0% | -19.7% | ||
| Q1 25 | 2.7% | -22.8% | ||
| Q4 24 | 2.8% | -628.0% | ||
| Q3 24 | 1.0% | -23.8% | ||
| Q2 24 | 8.3% | -24.4% | ||
| Q1 24 | 5.9% | -40.0% |
净利率OLNRUN
| Q4 25 | -8.6% | 8.9% | ||
| Q3 25 | 2.6% | 2.3% | ||
| Q2 25 | -0.2% | 49.1% | ||
| Q1 25 | 0.1% | 9.9% | ||
| Q4 24 | 0.6% | -542.7% | ||
| Q3 24 | -1.6% | -15.6% | ||
| Q2 24 | 4.4% | 26.5% | ||
| Q1 24 | 2.9% | -19.2% |
每股收益（稀释后）OLNRUN
| Q4 25 | $-1.25 | $0.38 | ||
| Q3 25 | $0.37 | $0.06 | ||
| Q2 25 | $-0.01 | $1.07 | ||
| Q1 25 | $0.01 | $0.20 | ||
| Q4 24 | $0.10 | $-12.59 | ||
| Q3 24 | $-0.21 | $-0.37 | ||
| Q2 24 | $0.62 | $0.55 | ||
| Q1 24 | $0.40 | $-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 | $167.6M | — |
| 总债务越低越好 | $2.8B | $14.7B |
| 股东权益账面价值 | $1.8B | $3.1B |
| 总资产 | $7.3B | $22.6B |
| 负债/权益比越低杠杆越低 | 1.55× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资OLNRUN
| Q4 25 | $167.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $175.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务OLNRUN
| Q4 25 | $2.8B | $14.7B | ||
| Q3 25 | $3.0B | $14.6B | ||
| Q2 25 | $3.0B | $14.0B | ||
| Q1 25 | $3.0B | $13.6B | ||
| Q4 24 | $2.7B | $12.9B | ||
| Q3 24 | $2.8B | $12.5B | ||
| Q2 24 | $2.8B | $12.0B | ||
| Q1 24 | $2.7B | $11.1B |
股东权益OLNRUN
| Q4 25 | $1.8B | $3.1B | ||
| Q3 25 | $2.0B | $3.0B | ||
| Q2 25 | $2.0B | $2.9B | ||
| Q1 25 | $2.0B | $2.6B | ||
| Q4 24 | $2.0B | $2.6B | ||
| Q3 24 | $2.1B | $5.3B | ||
| Q2 24 | $2.1B | $5.4B | ||
| Q1 24 | $2.2B | $5.2B |
总资产OLNRUN
| Q4 25 | $7.3B | $22.6B | ||
| Q3 25 | $7.6B | $22.2B | ||
| Q2 25 | $7.7B | $21.2B | ||
| Q1 25 | $7.7B | $20.4B | ||
| Q4 24 | $7.6B | $19.9B | ||
| Q3 24 | $7.5B | $22.1B | ||
| Q2 24 | $7.7B | $21.4B | ||
| Q1 24 | $7.6B | $20.8B |
负债/权益比OLNRUN
| Q4 25 | 1.55× | 4.69× | ||
| Q3 25 | 1.52× | 4.90× | ||
| Q2 25 | 1.52× | 4.80× | ||
| Q1 25 | 1.50× | 5.19× | ||
| Q4 24 | 1.34× | 5.05× | ||
| Q3 24 | 1.34× | 2.36× | ||
| Q2 24 | 1.31× | 2.23× | ||
| Q1 24 | 1.24× | 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 | $321.2M | $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OLNRUN
| Q4 25 | $321.2M | $96.9M | ||
| Q3 25 | $26.7M | $-121.5M | ||
| Q2 25 | $212.3M | $-292.7M | ||
| Q1 25 | $-86.0M | $-104.2M | ||
| Q4 24 | $141.7M | $-258.4M | ||
| Q3 24 | $189.9M | $-156.2M | ||
| Q2 24 | $90.6M | $-208.5M | ||
| Q1 24 | $81.0M | $-143.1M |
自由现金流OLNRUN
| Q4 25 | — | — | ||
| Q3 25 | $-44.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-147.4M | — | ||
| Q4 24 | $90.7M | — | ||
| Q3 24 | $146.6M | $-156.4M | ||
| Q2 24 | $34.1M | — | ||
| Q1 24 | $36.7M | — |
自由现金流率OLNRUN
| Q4 25 | — | — | ||
| Q3 25 | -2.6% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -9.0% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 9.2% | -29.1% | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | 2.2% | — |
资本支出强度OLNRUN
| Q4 25 | — | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 2.7% | 0.0% | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 2.7% | — |
现金转化率OLNRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | 0.61× | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | -71.67× | -2.08× | ||
| Q4 24 | 14.03× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.25× | -1.50× | ||
| Q1 24 | 1.69× | — |
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
OLN
| Chlorinechlorinederivativesandothercoproducts | $456.2M | 27% |
| Causticsoda | $400.2M | 24% |
| Militaryandlawenforcement | $304.6M | 18% |
| Epoxyresins | $194.9M | 12% |
| Aromaticsandallylics | $164.4M | 10% |
| Commercial | $144.8M | 9% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
