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Ovintiv Inc.（OVV）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Ovintiv Inc.的季度营收约是Sunrun Inc.的1.8倍（$2.1B vs $1.2B），Ovintiv Inc.净利率更高（46.1% vs 8.9%，领先37.1%），Sunrun Inc.同比增速更快（123.5% vs -6.0%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -7.2%）
Ovintiv Inc.是一家总部位于美国丹佛的石油企业，前身为加拿大能源公司Encana，于2020年通过重组正式成立，主营石油、天然气的勘探、开发与生产业务，在北美能源领域拥有丰富的运营经验及市场积累。
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。
OVV vs RUN — 直观对比
营收规模更大
OVV
是对方的1.8倍
$1.2B
营收增速更快
RUN
高出129.5%
-6.0%
净利率更高
OVV
高出37.1%
8.9%
两年增速更快
RUN
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.2B |
| 净利润 | $946.0M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 21.2% | 8.4% |
| 净利率 | 46.1% | 8.9% |
| 营收同比 | -6.0% | 123.5% |
| 净利润同比 | 1676.7% | 103.7% |
| 每股收益（稀释后） | $3.64 | $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OVVRUN
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.0B | $724.6M | ||
| Q2 25 | $2.2B | $569.3M | ||
| Q1 25 | $2.4B | $504.3M | ||
| Q4 24 | $2.2B | $518.5M | ||
| Q3 24 | $2.2B | $537.2M | ||
| Q2 24 | $2.2B | $523.9M | ||
| Q1 24 | $2.4B | $458.2M |
净利润OVVRUN
| Q4 25 | $946.0M | $103.6M | ||
| Q3 25 | $148.0M | $16.6M | ||
| Q2 25 | $307.0M | $279.8M | ||
| Q1 25 | $-159.0M | $50.0M | ||
| Q4 24 | $-60.0M | $-2.8B | ||
| Q3 24 | $507.0M | $-83.8M | ||
| Q2 24 | $340.0M | $139.1M | ||
| Q1 24 | $338.0M | $-87.8M |
营业利润率OVVRUN
| Q4 25 | 21.2% | 8.4% | ||
| Q3 25 | 13.5% | 0.5% | ||
| Q2 25 | 23.1% | -19.7% | ||
| Q1 25 | -3.7% | -22.8% | ||
| Q4 24 | 0.1% | -628.0% | ||
| Q3 24 | 24.2% | -23.8% | ||
| Q2 24 | 25.4% | -24.4% | ||
| Q1 24 | 20.7% | -40.0% |
净利率OVVRUN
| Q4 25 | 46.1% | 8.9% | ||
| Q3 25 | 7.3% | 2.3% | ||
| Q2 25 | 13.9% | 49.1% | ||
| Q1 25 | -6.7% | 9.9% | ||
| Q4 24 | -2.7% | -542.7% | ||
| Q3 24 | 23.3% | -15.6% | ||
| Q2 24 | 15.5% | 26.5% | ||
| Q1 24 | 14.2% | -19.2% |
每股收益（稀释后）OVVRUN
| Q4 25 | $3.64 | $0.38 | ||
| Q3 25 | $0.57 | $0.06 | ||
| Q2 25 | $1.18 | $1.07 | ||
| Q1 25 | $-0.61 | $0.20 | ||
| Q4 24 | $-0.22 | $-12.59 | ||
| Q3 24 | $1.92 | $-0.37 | ||
| Q2 24 | $1.27 | $0.55 | ||
| Q1 24 | $1.24 | $-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 | $280.0M | — |
| 总债务越低越好 | $5.2B | $14.7B |
| 股东权益账面价值 | $11.2B | $3.1B |
| 总资产 | $20.4B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.46× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资OVVRUN
| Q4 25 | $280.0M | — | ||
| Q3 25 | $25.0M | — | ||
| Q2 25 | $20.0M | — | ||
| Q1 25 | $8.0M | — | ||
| Q4 24 | $42.0M | — | ||
| Q3 24 | $9.0M | — | ||
| Q2 24 | $8.0M | — | ||
| Q1 24 | $5.0M | — |
总债务OVVRUN
| Q4 25 | $5.2B | $14.7B | ||
| Q3 25 | $5.2B | $14.6B | ||
| Q2 25 | $5.3B | $14.0B | ||
| Q1 25 | $5.5B | $13.6B | ||
| Q4 24 | $5.5B | $12.9B | ||
| Q3 24 | $5.9B | $12.5B | ||
| Q2 24 | $6.1B | $12.0B | ||
| Q1 24 | $6.2B | $11.1B |
股东权益OVVRUN
| Q4 25 | $11.2B | $3.1B | ||
| Q3 25 | $10.2B | $3.0B | ||
| Q2 25 | $10.4B | $2.9B | ||
| Q1 25 | $10.1B | $2.6B | ||
| Q4 24 | $10.3B | $2.6B | ||
| Q3 24 | $10.7B | $5.3B | ||
| Q2 24 | $10.3B | $5.4B | ||
| Q1 24 | $10.3B | $5.2B |
总资产OVVRUN
| Q4 25 | $20.4B | $22.6B | ||
| Q3 25 | $19.4B | $22.2B | ||
| Q2 25 | $19.7B | $21.2B | ||
| Q1 25 | $19.6B | $20.4B | ||
| Q4 24 | $19.3B | $19.9B | ||
| Q3 24 | $19.9B | $22.1B | ||
| Q2 24 | $19.8B | $21.4B | ||
| Q1 24 | $19.8B | $20.8B |
负债/权益比OVVRUN
| Q4 25 | 0.46× | 4.69× | ||
| Q3 25 | 0.51× | 4.90× | ||
| Q2 25 | 0.51× | 4.80× | ||
| Q1 25 | 0.55× | 5.19× | ||
| Q4 24 | 0.53× | 5.05× | ||
| Q3 24 | 0.55× | 2.36× | ||
| Q2 24 | 0.59× | 2.23× | ||
| Q1 24 | 0.60× | 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 | $954.0M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $489.0M | — |
| 自由现金流率自由现金流/营收 | 23.8% | — |
| 资本支出强度资本支出/营收 | 22.6% | — |
| 现金转化率经营现金流/净利润 | 1.01× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $1.5B | — |
8季度趋势，按日历期对齐
经营现金流OVVRUN
| Q4 25 | $954.0M | $96.9M | ||
| Q3 25 | $812.0M | $-121.5M | ||
| Q2 25 | $1.0B | $-292.7M | ||
| Q1 25 | $873.0M | $-104.2M | ||
| Q4 24 | $1.0B | $-258.4M | ||
| Q3 24 | $1.0B | $-156.2M | ||
| Q2 24 | $1.0B | $-208.5M | ||
| Q1 24 | $659.0M | $-143.1M |
自由现金流OVVRUN
| Q4 25 | $489.0M | — | ||
| Q3 25 | $268.0M | — | ||
| Q2 25 | $492.0M | — | ||
| Q1 25 | $256.0M | — | ||
| Q4 24 | $468.0M | — | ||
| Q3 24 | $484.0M | $-156.4M | ||
| Q2 24 | $398.0M | — | ||
| Q1 24 | $68.0M | — |
自由现金流率OVVRUN
| Q4 25 | 23.8% | — | ||
| Q3 25 | 13.3% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 22.2% | -29.1% | ||
| Q2 24 | 18.1% | — | ||
| Q1 24 | 2.8% | — |
资本支出强度OVVRUN
| Q4 25 | 22.6% | — | ||
| Q3 25 | 26.9% | — | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | 26.0% | — | ||
| Q4 24 | 25.3% | — | ||
| Q3 24 | 24.7% | 0.0% | ||
| Q2 24 | 28.4% | — | ||
| Q1 24 | 24.8% | — |
现金转化率OVVRUN
| Q4 25 | 1.01× | 0.94× | ||
| Q3 25 | 5.49× | -7.33× | ||
| Q2 25 | 3.30× | -1.05× | ||
| Q1 25 | — | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.02× | — | ||
| Q2 24 | 3.00× | -1.50× | ||
| Q1 24 | 1.95× | — |
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
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
