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Primerica, Inc.（PRI）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Primerica, Inc.的1.4倍（$1.2B vs $853.7M），Primerica, Inc.净利率更高（23.1% vs 8.9%，领先14.1%），Sunrun Inc.同比增速更快（123.5% vs 11.0%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 7.2%）
Primerica, Inc.是一家采用多层次营销模式的金融服务机构，业务覆盖美国与加拿大市场，主要面向当地中等收入家庭提供保险、投资等多元化金融产品，满足客户的风险保障与差异化财富管理需求。
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。
PRI vs RUN — 直观对比
营收规模更大
RUN
是对方的1.4倍
$853.7M
营收增速更快
RUN
高出112.5%
11.0%
净利率更高
PRI
高出14.1%
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 | $853.7M | $1.2B |
| 净利润 | $197.0M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 28.9% | 8.4% |
| 净利率 | 23.1% | 8.9% |
| 营收同比 | 11.0% | 123.5% |
| 净利润同比 | 17.9% | 103.7% |
| 每股收益（稀释后） | $6.11 | $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PRIRUN
| Q4 25 | $853.7M | $1.2B | ||
| Q3 25 | $839.9M | $724.6M | ||
| Q2 25 | $793.3M | $569.3M | ||
| Q1 25 | $804.8M | $504.3M | ||
| Q4 24 | $768.8M | $518.5M | ||
| Q3 24 | $774.1M | $537.2M | ||
| Q2 24 | $803.4M | $523.9M | ||
| Q1 24 | $742.8M | $458.2M |
净利润PRIRUN
| Q4 25 | $197.0M | $103.6M | ||
| Q3 25 | $206.8M | $16.6M | ||
| Q2 25 | $178.3M | $279.8M | ||
| Q1 25 | $169.1M | $50.0M | ||
| Q4 24 | $167.1M | $-2.8B | ||
| Q3 24 | $164.4M | $-83.8M | ||
| Q2 24 | $1.2M | $139.1M | ||
| Q1 24 | $137.9M | $-87.8M |
毛利率PRIRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 98.0% | — | ||
| Q1 24 | 98.2% | — |
营业利润率PRIRUN
| Q4 25 | 28.9% | 8.4% | ||
| Q3 25 | 32.3% | 0.5% | ||
| Q2 25 | 29.6% | -19.7% | ||
| Q1 25 | 27.5% | -22.8% | ||
| Q4 24 | 64.7% | -628.0% | ||
| Q3 24 | 32.9% | -23.8% | ||
| Q2 24 | 1.0% | -24.4% | ||
| Q1 24 | 24.1% | -40.0% |
净利率PRIRUN
| Q4 25 | 23.1% | 8.9% | ||
| Q3 25 | 24.6% | 2.3% | ||
| Q2 25 | 22.5% | 49.1% | ||
| Q1 25 | 21.0% | 9.9% | ||
| Q4 24 | 21.7% | -542.7% | ||
| Q3 24 | 21.2% | -15.6% | ||
| Q2 24 | 0.1% | 26.5% | ||
| Q1 24 | 18.6% | -19.2% |
每股收益（稀释后）PRIRUN
| Q4 25 | $6.11 | $0.38 | ||
| Q3 25 | $6.35 | $0.06 | ||
| Q2 25 | $5.40 | $1.07 | ||
| Q1 25 | $5.05 | $0.20 | ||
| Q4 24 | $4.92 | $-12.59 | ||
| Q3 24 | $4.83 | $-0.37 | ||
| Q2 24 | $0.03 | $0.55 | ||
| Q1 24 | $3.93 | $-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 | $756.2M | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $2.4B | $3.1B |
| 总资产 | $15.0B | $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PRIRUN
| Q4 25 | $756.2M | — | ||
| Q3 25 | $644.9M | — | ||
| Q2 25 | $621.2M | — | ||
| Q1 25 | $625.1M | — | ||
| Q4 24 | $687.8M | — | ||
| Q3 24 | $550.1M | — | ||
| Q2 24 | $627.3M | — | ||
| Q1 24 | $593.4M | — |
总债务PRIRUN
| 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PRIRUN
| Q4 25 | $2.4B | $3.1B | ||
| Q3 25 | $2.3B | $3.0B | ||
| Q2 25 | $2.3B | $2.9B | ||
| Q1 25 | $2.3B | $2.6B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $1.9B | $5.3B | ||
| Q2 24 | $2.1B | $5.4B | ||
| Q1 24 | $2.2B | $5.2B |
总资产PRIRUN
| Q4 25 | $15.0B | $22.6B | ||
| Q3 25 | $14.8B | $22.2B | ||
| Q2 25 | $14.8B | $21.2B | ||
| Q1 25 | $14.6B | $20.4B | ||
| Q4 24 | $14.6B | $19.9B | ||
| Q3 24 | $14.8B | $22.1B | ||
| Q2 24 | $14.6B | $21.4B | ||
| Q1 24 | $14.9B | $20.8B |
负债/权益比PRIRUN
| 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 | $338.2M | $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 | 1.72× | 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PRIRUN
| Q4 25 | $338.2M | $96.9M | ||
| Q3 25 | $202.9M | $-121.5M | ||
| Q2 25 | $162.6M | $-292.7M | ||
| Q1 25 | $197.5M | $-104.2M | ||
| Q4 24 | $270.6M | $-258.4M | ||
| Q3 24 | $207.3M | $-156.2M | ||
| Q2 24 | $173.3M | $-208.5M | ||
| Q1 24 | $210.9M | $-143.1M |
自由现金流PRIRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-156.4M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率PRIRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -29.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度PRIRUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率PRIRUN
| Q4 25 | 1.72× | 0.94× | ||
| Q3 25 | 0.98× | -7.33× | ||
| Q2 25 | 0.91× | -1.05× | ||
| Q1 25 | 1.17× | -2.08× | ||
| Q4 24 | 1.62× | — | ||
| Q3 24 | 1.26× | — | ||
| Q2 24 | 147.98× | -1.50× | ||
| Q1 24 | 1.53× | — |
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
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
