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Optimum Communications, Inc.（OPTU）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Optimum Communications, Inc.的季度营收约是Sunrun Inc.的1.9倍（$2.2B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -3.3%，领先12.2%），Sunrun Inc.同比增速更快（123.5% vs -2.3%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -1.5%）
Optimum Communications, Inc.是由法籍以色列商人帕特里克·德拉希控股的美国电信运营商，核心业务为数字有线电视与宽带互联网服务，服务覆盖纽约大都会区及美国中西部、南部多个州。截至2017年，该公司在全美21个州共拥有约490万住宅及企业客户，是美国第四大电信企业。
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。
OPTU vs RUN — 直观对比
营收规模更大
OPTU
是对方的1.9倍
$1.2B
营收增速更快
RUN
高出125.8%
-2.3%
净利率更高
RUN
高出12.2%
-3.3%
两年增速更快
RUN
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.2B |
| 净利润 | $-71.2M | $103.6M |
| 毛利率 | 69.5% | — |
| 营业利润率 | 18.2% | 8.4% |
| 净利率 | -3.3% | 8.9% |
| 营收同比 | -2.3% | 123.5% |
| 净利润同比 | -31.6% | 103.7% |
| 每股收益（稀释后） | $-0.16 | $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OPTURUN
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.1B | $724.6M | ||
| Q2 25 | $2.1B | $569.3M | ||
| Q1 25 | $2.2B | $504.3M | ||
| Q4 24 | $2.2B | $518.5M | ||
| Q3 24 | $2.2B | $537.2M | ||
| Q2 24 | $2.2B | $523.9M | ||
| Q1 24 | $2.3B | $458.2M |
净利润OPTURUN
| Q4 25 | $-71.2M | $103.6M | ||
| Q3 25 | $-1.6B | $16.6M | ||
| Q2 25 | $-96.3M | $279.8M | ||
| Q1 25 | $-75.7M | $50.0M | ||
| Q4 24 | $-54.1M | $-2.8B | ||
| Q3 24 | $-43.0M | $-83.8M | ||
| Q2 24 | $15.4M | $139.1M | ||
| Q1 24 | $-21.2M | $-87.8M |
毛利率OPTURUN
| Q4 25 | 69.5% | — | ||
| Q3 25 | 69.7% | — | ||
| Q2 25 | 69.1% | — | ||
| Q1 25 | 68.8% | — | ||
| Q4 24 | 67.7% | — | ||
| Q3 24 | 68.1% | — | ||
| Q2 24 | 67.9% | — | ||
| Q1 24 | 67.0% | — |
营业利润率OPTURUN
| Q4 25 | 18.2% | 8.4% | ||
| Q3 25 | -55.3% | 0.5% | ||
| Q2 25 | 14.5% | -19.7% | ||
| Q1 25 | 16.0% | -22.8% | ||
| Q4 24 | 15.2% | -628.0% | ||
| Q3 24 | 20.0% | -23.8% | ||
| Q2 24 | 22.4% | -24.4% | ||
| Q1 24 | 17.5% | -40.0% |
净利率OPTURUN
| Q4 25 | -3.3% | 8.9% | ||
| Q3 25 | -77.1% | 2.3% | ||
| Q2 25 | -4.5% | 49.1% | ||
| Q1 25 | -3.5% | 9.9% | ||
| Q4 24 | -2.4% | -542.7% | ||
| Q3 24 | -1.9% | -15.6% | ||
| Q2 24 | 0.7% | 26.5% | ||
| Q1 24 | -0.9% | -19.2% |
每股收益（稀释后）OPTURUN
| Q4 25 | $-0.16 | $0.38 | ||
| Q3 25 | $-3.47 | $0.06 | ||
| Q2 25 | $-0.21 | $1.07 | ||
| Q1 25 | $-0.16 | $0.20 | ||
| Q4 24 | $-0.11 | $-12.59 | ||
| Q3 24 | $-0.09 | $-0.37 | ||
| Q2 24 | $0.03 | $0.55 | ||
| Q1 24 | $-0.05 | $-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 | $1.0B | — |
| 总债务越低越好 | $26.2B | $14.7B |
| 股东权益账面价值 | $-2.3B | $3.1B |
| 总资产 | $30.7B | $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OPTURUN
| Q4 25 | $1.0B | — | ||
| Q3 25 | $938.8M | — | ||
| Q2 25 | $247.3M | — | ||
| Q1 25 | $279.1M | — | ||
| Q4 24 | $256.5M | — | ||
| Q3 24 | $250.0M | — | ||
| Q2 24 | $362.1M | — | ||
| Q1 24 | $284.4M | — |
总债务OPTURUN
| Q4 25 | $26.2B | $14.7B | ||
| Q3 25 | $26.2B | $14.6B | ||
| Q2 25 | $25.3B | $14.0B | ||
| Q1 25 | $25.3B | $13.6B | ||
| Q4 24 | $25.1B | $12.9B | ||
| Q3 24 | $25.1B | $12.5B | ||
| Q2 24 | $25.2B | $12.0B | ||
| Q1 24 | $25.1B | $11.1B |
股东权益OPTURUN
| Q4 25 | $-2.3B | $3.1B | ||
| Q3 25 | $-2.2B | $3.0B | ||
| Q2 25 | $-624.1M | $2.9B | ||
| Q1 25 | $-543.0M | $2.6B | ||
| Q4 24 | $-469.2M | $2.6B | ||
| Q3 24 | $-427.1M | $5.3B | ||
| Q2 24 | $-399.1M | $5.4B | ||
| Q1 24 | $-431.2M | $5.2B |
总资产OPTURUN
| Q4 25 | $30.7B | $22.6B | ||
| Q3 25 | $30.7B | $22.2B | ||
| Q2 25 | $31.6B | $21.2B | ||
| Q1 25 | $31.7B | $20.4B | ||
| Q4 24 | $31.7B | $19.9B | ||
| Q3 24 | $31.8B | $22.1B | ||
| Q2 24 | $32.0B | $21.4B | ||
| Q1 24 | $31.9B | $20.8B |
负债/权益比OPTURUN
| 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 | $481.6M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $199.4M | — |
| 自由现金流率自由现金流/营收 | 9.1% | — |
| 资本支出强度资本支出/营收 | 12.9% | — |
| 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 | $-118.8M | — |
8季度趋势，按日历期对齐
经营现金流OPTURUN
| Q4 25 | $481.6M | $96.9M | ||
| Q3 25 | $147.4M | $-121.5M | ||
| Q2 25 | $412.0M | $-292.7M | ||
| Q1 25 | $187.5M | $-104.2M | ||
| Q4 24 | $439.9M | $-258.4M | ||
| Q3 24 | $436.0M | $-156.2M | ||
| Q2 24 | $306.8M | $-208.5M | ||
| Q1 24 | $399.7M | $-143.1M |
自由现金流OPTURUN
| Q4 25 | $199.4M | — | ||
| Q3 25 | $-178.1M | — | ||
| Q2 25 | $28.4M | — | ||
| Q1 25 | $-168.6M | — | ||
| Q4 24 | $49.9M | — | ||
| Q3 24 | $76.9M | $-156.4M | ||
| Q2 24 | $-40.9M | — | ||
| Q1 24 | $63.6M | — |
自由现金流率OPTURUN
| Q4 25 | 9.1% | — | ||
| Q3 25 | -8.4% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | -7.8% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 3.5% | -29.1% | ||
| Q2 24 | -1.8% | — | ||
| Q1 24 | 2.8% | — |
资本支出强度OPTURUN
| Q4 25 | 12.9% | — | ||
| Q3 25 | 15.4% | — | ||
| Q2 25 | 17.9% | — | ||
| Q1 25 | 16.5% | — | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 16.1% | 0.0% | ||
| Q2 24 | 15.5% | — | ||
| Q1 24 | 14.9% | — |
现金转化率OPTURUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | -7.33× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.97× | -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
OPTU
| Total Residential Revenue | $1.6B | 74% |
| Business Servicesand Wholesale | $401.8M | 18% |
| Telephony | $60.8M | 3% |
| Other | $57.9M | 3% |
| Franchise | $50.0M | 2% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
