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PACS Group, Inc.（PACS）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
PACS Group, Inc.的季度营收约是Sunrun Inc.的1.2倍（$1.4B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs 4.4%，领先4.5%），Sunrun Inc.同比增速更快（123.5% vs 18.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 20.5%）
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。
PACS vs RUN — 直观对比
营收规模更大
PACS
是对方的1.2倍
$1.2B
营收增速更快
RUN
高出105.1%
18.4%
净利率更高
RUN
高出4.5%
4.4%
两年增速更快
RUN
近两年复合增速
20.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $59.7M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 7.0% | 8.4% |
| 净利率 | 4.4% | 8.9% |
| 营收同比 | 18.4% | 123.5% |
| 净利润同比 | 3022.5% | 103.7% |
| 每股收益（稀释后） | $0.42 | $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PACSRUN
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.3B | $724.6M | ||
| Q2 25 | $1.3B | $569.3M | ||
| Q1 25 | $1.3B | $504.3M | ||
| Q4 24 | $1.1B | $518.5M | ||
| Q3 24 | $1.0B | $537.2M | ||
| Q2 24 | $981.4M | $523.9M | ||
| Q1 24 | $934.3M | $458.2M |
净利润PACSRUN
| Q4 25 | $59.7M | $103.6M | ||
| Q3 25 | $52.4M | $16.6M | ||
| Q2 25 | $51.0M | $279.8M | ||
| Q1 25 | $28.5M | $50.0M | ||
| Q4 24 | $1.9M | $-2.8B | ||
| Q3 24 | $15.6M | $-83.8M | ||
| Q2 24 | $-10.9M | $139.1M | ||
| Q1 24 | $49.1M | $-87.8M |
毛利率PACSRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.1% | — | ||
| Q2 24 | 22.3% | — | ||
| Q1 24 | 21.2% | — |
营业利润率PACSRUN
| Q4 25 | 7.0% | 8.4% | ||
| Q3 25 | 6.4% | 0.5% | ||
| Q2 25 | 6.2% | -19.7% | ||
| Q1 25 | 3.8% | -22.8% | ||
| Q4 24 | 1.7% | -628.0% | ||
| Q3 24 | 2.2% | -23.8% | ||
| Q2 24 | 0.1% | -24.4% | ||
| Q1 24 | 8.6% | -40.0% |
净利率PACSRUN
| Q4 25 | 4.4% | 8.9% | ||
| Q3 25 | 3.9% | 2.3% | ||
| Q2 25 | 3.9% | 49.1% | ||
| Q1 25 | 2.2% | 9.9% | ||
| Q4 24 | 0.2% | -542.7% | ||
| Q3 24 | 1.5% | -15.6% | ||
| Q2 24 | -1.1% | 26.5% | ||
| Q1 24 | 5.3% | -19.2% |
每股收益（稀释后）PACSRUN
| Q4 25 | $0.42 | $0.38 | ||
| Q3 25 | $0.32 | $0.06 | ||
| Q2 25 | $0.31 | $1.07 | ||
| Q1 25 | $0.17 | $0.20 | ||
| Q4 24 | $-0.03 | $-12.59 | ||
| Q3 24 | $0.10 | $-0.37 | ||
| Q2 24 | $-0.07 | $0.55 | ||
| Q1 24 | $0.38 | $-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 | $197.0M | — |
| 总债务越低越好 | $353.2M | $14.7B |
| 股东权益账面价值 | $946.8M | $3.1B |
| 总资产 | $5.6B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.37× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资PACSRUN
| Q4 25 | $197.0M | — | ||
| Q3 25 | $355.7M | — | ||
| Q2 25 | $294.2M | — | ||
| Q1 25 | $287.5M | — | ||
| Q4 24 | $157.7M | — | ||
| Q3 24 | $49.5M | — | ||
| Q2 24 | $73.4M | — | ||
| Q1 24 | $81.2M | — |
总债务PACSRUN
| Q4 25 | $353.2M | $14.7B | ||
| Q3 25 | — | $14.6B | ||
| Q2 25 | — | $14.0B | ||
| Q1 25 | — | $13.6B | ||
| Q4 24 | $411.9M | $12.9B | ||
| Q3 24 | — | $12.5B | ||
| Q2 24 | — | $12.0B | ||
| Q1 24 | — | $11.1B |
股东权益PACSRUN
| Q4 25 | $946.8M | $3.1B | ||
| Q3 25 | $871.3M | $3.0B | ||
| Q2 25 | $806.8M | $2.9B | ||
| Q1 25 | $750.2M | $2.6B | ||
| Q4 24 | $709.6M | $2.6B | ||
| Q3 24 | $660.0M | $5.3B | ||
| Q2 24 | $572.1M | $5.4B | ||
| Q1 24 | $128.0M | $5.2B |
总资产PACSRUN
| Q4 25 | $5.6B | $22.6B | ||
| Q3 25 | $5.6B | $22.2B | ||
| Q2 25 | $5.5B | $21.2B | ||
| Q1 25 | $5.5B | $20.4B | ||
| Q4 24 | $5.2B | $19.9B | ||
| Q3 24 | $4.5B | $22.1B | ||
| Q2 24 | $3.9B | $21.4B | ||
| Q1 24 | $3.9B | $20.8B |
负债/权益比PACSRUN
| Q4 25 | 0.37× | 4.69× | ||
| Q3 25 | — | 4.90× | ||
| Q2 25 | — | 4.80× | ||
| Q1 25 | — | 5.19× | ||
| Q4 24 | 0.58× | 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 | $-3.4M | $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 | -0.06× | 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PACSRUN
| Q4 25 | $-3.4M | $96.9M | ||
| Q3 25 | $204.8M | $-121.5M | ||
| Q2 25 | $52.6M | $-292.7M | ||
| Q1 25 | $150.2M | $-104.2M | ||
| Q4 24 | $64.6M | $-258.4M | ||
| Q3 24 | $209.2M | $-156.2M | ||
| Q2 24 | $34.8M | $-208.5M | ||
| Q1 24 | $58.8M | $-143.1M |
自由现金流PACSRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-156.4M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率PACSRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -29.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度PACSRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率PACSRUN
| Q4 25 | -0.06× | 0.94× | ||
| Q3 25 | 3.91× | -7.33× | ||
| Q2 25 | 1.03× | -1.05× | ||
| Q1 25 | 5.28× | -2.08× | ||
| Q4 24 | 33.78× | — | ||
| Q3 24 | 13.39× | — | ||
| Q2 24 | — | -1.50× | ||
| Q1 24 | 1.20× | — |
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
PACS
暂无分部数据
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
