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Pool Corporation（POOL）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Sunrun Inc.的季度营收约是Pool Corporation的1.0倍（$1.2B vs $1.1B），Sunrun Inc.净利率更高（8.9% vs 4.7%，领先4.3%），Sunrun Inc.同比增速更快（123.5% vs 6.2%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -19.8%）
Pool Corporation（简称POOLCORP）是全球最大的游泳池用品、设备及机械分销商，注册地为美国特拉华州，总部位于路易斯安那州卡温顿。公司在北美、欧洲、澳大利亚运营439个销售中心，服务约12.5万客户，过半收入来自美国加州、得州、佛罗里达及亚利桑那市场，受益于人口向温暖气候区迁移的趋势。
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。
POOL vs RUN — 直观对比
营收规模更大
RUN
是对方的1.0倍
$1.1B
营收增速更快
RUN
高出117.3%
6.2%
净利率更高
RUN
高出4.3%
4.7%
两年增速更快
RUN
近两年复合增速
-19.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $53.2M | $103.6M |
| 毛利率 | 29.0% | — |
| 营业利润率 | 7.3% | 8.4% |
| 净利率 | 4.7% | 8.9% |
| 营收同比 | 6.2% | 123.5% |
| 净利润同比 | -0.6% | 103.7% |
| 每股收益（稀释后） | $1.45 | $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POOLRUN
| Q1 26 | $1.1B | — | ||
| Q4 25 | $982.2M | $1.2B | ||
| Q3 25 | $1.5B | $724.6M | ||
| Q2 25 | $1.8B | $569.3M | ||
| Q1 25 | $1.1B | $504.3M | ||
| Q4 24 | $987.5M | $518.5M | ||
| Q3 24 | $1.4B | $537.2M | ||
| Q2 24 | $1.8B | $523.9M |
净利润POOLRUN
| Q1 26 | $53.2M | — | ||
| Q4 25 | $31.6M | $103.6M | ||
| Q3 25 | $127.0M | $16.6M | ||
| Q2 25 | $194.3M | $279.8M | ||
| Q1 25 | $53.5M | $50.0M | ||
| Q4 24 | $37.3M | $-2.8B | ||
| Q3 24 | $125.7M | $-83.8M | ||
| Q2 24 | $192.4M | $139.1M |
毛利率POOLRUN
| Q1 26 | 29.0% | — | ||
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.6% | — | ||
| Q2 25 | 30.0% | — | ||
| Q1 25 | 29.2% | — | ||
| Q4 24 | 29.4% | — | ||
| Q3 24 | 29.1% | — | ||
| Q2 24 | 30.0% | — |
营业利润率POOLRUN
| Q1 26 | 7.3% | — | ||
| Q4 25 | 5.3% | 8.4% | ||
| Q3 25 | 12.3% | 0.5% | ||
| Q2 25 | 15.3% | -19.7% | ||
| Q1 25 | 7.2% | -22.8% | ||
| Q4 24 | 6.1% | -628.0% | ||
| Q3 24 | 12.3% | -23.8% | ||
| Q2 24 | 15.3% | -24.4% |
净利率POOLRUN
| Q1 26 | 4.7% | — | ||
| Q4 25 | 3.2% | 8.9% | ||
| Q3 25 | 8.8% | 2.3% | ||
| Q2 25 | 10.9% | 49.1% | ||
| Q1 25 | 5.0% | 9.9% | ||
| Q4 24 | 3.8% | -542.7% | ||
| Q3 24 | 8.8% | -15.6% | ||
| Q2 24 | 10.9% | 26.5% |
每股收益（稀释后）POOLRUN
| Q1 26 | $1.45 | — | ||
| Q4 25 | $0.86 | $0.38 | ||
| Q3 25 | $3.40 | $0.06 | ||
| Q2 25 | $5.17 | $1.07 | ||
| Q1 25 | $1.42 | $0.20 | ||
| Q4 24 | $1.00 | $-12.59 | ||
| Q3 24 | $3.27 | $-0.37 | ||
| Q2 24 | $4.99 | $0.55 |
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 | $64.5M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | — | $3.1B |
| 总资产 | $4.0B | $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POOLRUN
| Q1 26 | $64.5M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务POOLRUN
| Q1 26 | — | — | ||
| Q4 25 | — | $14.7B | ||
| Q3 25 | $1.0B | $14.6B | ||
| Q2 25 | $1.2B | $14.0B | ||
| Q1 25 | $968.0M | $13.6B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | $879.1M | $12.5B | ||
| Q2 24 | $1.1B | $12.0B |
股东权益POOLRUN
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $3.1B | ||
| Q3 25 | $1.4B | $3.0B | ||
| Q2 25 | $1.3B | $2.9B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $1.4B | $5.3B | ||
| Q2 24 | $1.4B | $5.4B |
总资产POOLRUN
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.6B | $22.6B | ||
| Q3 25 | $3.5B | $22.2B | ||
| Q2 25 | $3.7B | $21.2B | ||
| Q1 25 | $3.7B | $20.4B | ||
| Q4 24 | $3.4B | $19.9B | ||
| Q3 24 | $3.4B | $22.1B | ||
| Q2 24 | $3.6B | $21.4B |
负债/权益比POOLRUN
| Q1 26 | — | — | ||
| Q4 25 | — | 4.69× | ||
| Q3 25 | 0.76× | 4.90× | ||
| Q2 25 | 0.93× | 4.80× | ||
| Q1 25 | 0.78× | 5.19× | ||
| Q4 24 | — | 5.05× | ||
| Q3 24 | 0.61× | 2.36× | ||
| Q2 24 | 0.75× | 2.23× |
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 | $25.7M | $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 | 0.48× | 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POOLRUN
| Q1 26 | $25.7M | — | ||
| Q4 25 | $80.1M | $96.9M | ||
| Q3 25 | $287.3M | $-121.5M | ||
| Q2 25 | $-28.8M | $-292.7M | ||
| Q1 25 | $27.2M | $-104.2M | ||
| Q4 24 | $170.6M | $-258.4M | ||
| Q3 24 | $316.5M | $-156.2M | ||
| Q2 24 | $26.7M | $-208.5M |
自由现金流POOLRUN
| Q1 26 | — | — | ||
| Q4 25 | $71.9M | — | ||
| Q3 25 | $266.6M | — | ||
| Q2 25 | $-42.9M | — | ||
| Q1 25 | $13.9M | — | ||
| Q4 24 | $157.0M | — | ||
| Q3 24 | $305.5M | $-156.4M | ||
| Q2 24 | $8.8M | — |
自由现金流率POOLRUN
| Q1 26 | — | — | ||
| Q4 25 | 7.3% | — | ||
| Q3 25 | 18.4% | — | ||
| Q2 25 | -2.4% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 15.9% | — | ||
| Q3 24 | 21.3% | -29.1% | ||
| Q2 24 | 0.5% | — |
资本支出强度POOLRUN
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 0.8% | 0.0% | ||
| Q2 24 | 1.0% | — |
现金转化率POOLRUN
| Q1 26 | 0.48× | — | ||
| Q4 25 | 2.54× | 0.94× | ||
| Q3 25 | 2.26× | -7.33× | ||
| Q2 25 | -0.15× | -1.05× | ||
| Q1 25 | 0.51× | -2.08× | ||
| Q4 24 | 4.57× | — | ||
| Q3 24 | 2.52× | — | ||
| Q2 24 | 0.14× | -1.50× |
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
POOL
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% |
