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帕兰提尔科技（PLTR）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
帕兰提尔科技的季度营收约是Sunrun Inc.的1.2倍（$1.4B vs $1.2B），帕兰提尔科技净利率更高（43.3% vs 8.9%，领先34.3%），Sunrun Inc.同比增速更快（123.5% vs 70.0%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 48.9%）
帕兰提尔科技是美国上市企业，专注研发数据集成与分析平台，为政府机构、军方及各行业企业提供多源数据整合分析能力。旗下核心产品Gotham与Foundry可打通相互孤立的数据库，广泛支撑情报作业、反恐分析、执法工作及企业级数据分析场景。
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。
PLTR vs RUN — 直观对比
营收规模更大
PLTR
是对方的1.2倍
$1.2B
营收增速更快
RUN
高出53.5%
70.0%
净利率更高
PLTR
高出34.3%
8.9%
两年增速更快
RUN
近两年复合增速
48.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $608.7M | $103.6M |
| 毛利率 | 84.6% | — |
| 营业利润率 | 40.9% | 8.4% |
| 净利率 | 43.3% | 8.9% |
| 营收同比 | 70.0% | 123.5% |
| 净利润同比 | 670.4% | 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PLTRRUN
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.2B | $724.6M | ||
| Q2 25 | $1.0B | $569.3M | ||
| Q1 25 | $883.9M | $504.3M | ||
| Q4 24 | $827.5M | $518.5M | ||
| Q3 24 | $725.5M | $537.2M | ||
| Q2 24 | $678.1M | $523.9M | ||
| Q1 24 | $634.3M | $458.2M |
净利润PLTRRUN
| Q4 25 | $608.7M | $103.6M | ||
| Q3 25 | $475.6M | $16.6M | ||
| Q2 25 | $326.7M | $279.8M | ||
| Q1 25 | $214.0M | $50.0M | ||
| Q4 24 | $79.0M | $-2.8B | ||
| Q3 24 | $143.5M | $-83.8M | ||
| Q2 24 | $134.1M | $139.1M | ||
| Q1 24 | $105.5M | $-87.8M |
毛利率PLTRRUN
| Q4 25 | 84.6% | — | ||
| Q3 25 | 82.4% | — | ||
| Q2 25 | 80.8% | — | ||
| Q1 25 | 80.4% | — | ||
| Q4 24 | 78.9% | — | ||
| Q3 24 | 79.8% | — | ||
| Q2 24 | 81.0% | — | ||
| Q1 24 | 81.7% | — |
营业利润率PLTRRUN
| Q4 25 | 40.9% | 8.4% | ||
| Q3 25 | 33.3% | 0.5% | ||
| Q2 25 | 26.8% | -19.7% | ||
| Q1 25 | 19.9% | -22.8% | ||
| Q4 24 | 1.3% | -628.0% | ||
| Q3 24 | 15.6% | -23.8% | ||
| Q2 24 | 15.5% | -24.4% | ||
| Q1 24 | 12.8% | -40.0% |
净利率PLTRRUN
| Q4 25 | 43.3% | 8.9% | ||
| Q3 25 | 40.3% | 2.3% | ||
| Q2 25 | 32.6% | 49.1% | ||
| Q1 25 | 24.2% | 9.9% | ||
| Q4 24 | 9.5% | -542.7% | ||
| Q3 24 | 19.8% | -15.6% | ||
| Q2 24 | 19.8% | 26.5% | ||
| Q1 24 | 16.6% | -19.2% |
每股收益（稀释后）PLTRRUN
| Q4 25 | $0.24 | $0.38 | ||
| Q3 25 | $0.18 | $0.06 | ||
| Q2 25 | $0.13 | $1.07 | ||
| Q1 25 | $0.08 | $0.20 | ||
| Q4 24 | $0.03 | $-12.59 | ||
| Q3 24 | $0.06 | $-0.37 | ||
| Q2 24 | $0.06 | $0.55 | ||
| Q1 24 | $0.04 | $-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 | $7.2B | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $7.4B | $3.1B |
| 总资产 | $8.9B | $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PLTRRUN
| Q4 25 | $7.2B | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.0B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $3.9B | — |
总债务PLTRRUN
| 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PLTRRUN
| Q4 25 | $7.4B | $3.1B | ||
| Q3 25 | $6.6B | $3.0B | ||
| Q2 25 | $5.9B | $2.9B | ||
| Q1 25 | $5.4B | $2.6B | ||
| Q4 24 | $5.0B | $2.6B | ||
| Q3 24 | $4.5B | $5.3B | ||
| Q2 24 | $4.1B | $5.4B | ||
| Q1 24 | $3.8B | $5.2B |
总资产PLTRRUN
| Q4 25 | $8.9B | $22.6B | ||
| Q3 25 | $8.1B | $22.2B | ||
| Q2 25 | $7.4B | $21.2B | ||
| Q1 25 | $6.7B | $20.4B | ||
| Q4 24 | $6.3B | $19.9B | ||
| Q3 24 | $5.8B | $22.1B | ||
| Q2 24 | $5.2B | $21.4B | ||
| Q1 24 | $4.8B | $20.8B |
负债/权益比PLTRRUN
| 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 | $777.3M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $764.0M | — |
| 自由现金流率自由现金流/营收 | 54.3% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 1.28× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $2.1B | — |
8季度趋势，按日历期对齐
经营现金流PLTRRUN
| Q4 25 | $777.3M | $96.9M | ||
| Q3 25 | $507.7M | $-121.5M | ||
| Q2 25 | $539.3M | $-292.7M | ||
| Q1 25 | $310.3M | $-104.2M | ||
| Q4 24 | $460.3M | $-258.4M | ||
| Q3 24 | $419.8M | $-156.2M | ||
| Q2 24 | $144.2M | $-208.5M | ||
| Q1 24 | $129.6M | $-143.1M |
自由现金流PLTRRUN
| Q4 25 | $764.0M | — | ||
| Q3 25 | $500.9M | — | ||
| Q2 25 | $531.6M | — | ||
| Q1 25 | $304.1M | — | ||
| Q4 24 | $457.2M | — | ||
| Q3 24 | $415.8M | $-156.4M | ||
| Q2 24 | $141.3M | — | ||
| Q1 24 | $126.9M | — |
自由现金流率PLTRRUN
| Q4 25 | 54.3% | — | ||
| Q3 25 | 42.4% | — | ||
| Q2 25 | 53.0% | — | ||
| Q1 25 | 34.4% | — | ||
| Q4 24 | 55.3% | — | ||
| Q3 24 | 57.3% | -29.1% | ||
| Q2 24 | 20.8% | — | ||
| Q1 24 | 20.0% | — |
资本支出强度PLTRRUN
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.5% | 0.0% | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.4% | — |
现金转化率PLTRRUN
| Q4 25 | 1.28× | 0.94× | ||
| Q3 25 | 1.07× | -7.33× | ||
| Q2 25 | 1.65× | -1.05× | ||
| Q1 25 | 1.45× | -2.08× | ||
| Q4 24 | 5.83× | — | ||
| Q3 24 | 2.92× | — | ||
| Q2 24 | 1.08× | -1.50× | ||
| Q1 24 | 1.23× | — |
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
PLTR
| Geographic Concentration Risk | $1.1B | 77% |
| Other | $330.4M | 23% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
