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Primo Brands Corp（PRMB）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是Sunrun Inc.的1.3倍（$1.6B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -0.8%，领先9.8%）
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
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。
PRMB vs RUN — 直观对比
营收规模更大
PRMB
是对方的1.3倍
$1.2B
净利率更高
RUN
高出9.8%
-0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $-13.0M | $103.6M |
| 毛利率 | 27.7% | — |
| 营业利润率 | 1.2% | 8.4% |
| 净利率 | -0.8% | 8.9% |
| 营收同比 | — | 123.5% |
| 净利润同比 | — | 103.7% |
| 每股收益（稀释后） | $-0.03 | $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PRMBRUN
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.8B | $724.6M | ||
| Q2 25 | $1.7B | $569.3M | ||
| Q1 25 | $1.6B | $504.3M | ||
| Q4 24 | — | $518.5M | ||
| Q3 24 | $0 | $537.2M | ||
| Q2 24 | $1.3B | $523.9M | ||
| Q1 24 | $1.1B | $458.2M |
净利润PRMBRUN
| Q4 25 | $-13.0M | $103.6M | ||
| Q3 25 | $16.8M | $16.6M | ||
| Q2 25 | $27.6M | $279.8M | ||
| Q1 25 | $28.7M | $50.0M | ||
| Q4 24 | — | $-2.8B | ||
| Q3 24 | $-2.0K | $-83.8M | ||
| Q2 24 | $54.5M | $139.1M | ||
| Q1 24 | $33.5M | $-87.8M |
毛利率PRMBRUN
| Q4 25 | 27.7% | — | ||
| Q3 25 | 29.9% | — | ||
| Q2 25 | 31.3% | — | ||
| Q1 25 | 32.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 32.7% | — | ||
| Q1 24 | 30.4% | — |
营业利润率PRMBRUN
| Q4 25 | 1.2% | 8.4% | ||
| Q3 25 | 8.3% | 0.5% | ||
| Q2 25 | 6.5% | -19.7% | ||
| Q1 25 | 9.5% | -22.8% | ||
| Q4 24 | — | -628.0% | ||
| Q3 24 | — | -23.8% | ||
| Q2 24 | 12.1% | -24.4% | ||
| Q1 24 | 11.0% | -40.0% |
净利率PRMBRUN
| Q4 25 | -0.8% | 8.9% | ||
| Q3 25 | 1.0% | 2.3% | ||
| Q2 25 | 1.6% | 49.1% | ||
| Q1 25 | 1.8% | 9.9% | ||
| Q4 24 | — | -542.7% | ||
| Q3 24 | — | -15.6% | ||
| Q2 24 | 4.1% | 26.5% | ||
| Q1 24 | 2.9% | -19.2% |
每股收益（稀释后）PRMBRUN
| Q4 25 | $-0.03 | $0.38 | ||
| Q3 25 | $0.04 | $0.06 | ||
| Q2 25 | $0.07 | $1.07 | ||
| Q1 25 | $0.08 | $0.20 | ||
| Q4 24 | — | $-12.59 | ||
| Q3 24 | $-20.00 | $-0.37 | ||
| Q2 24 | $0.25 | $0.55 | ||
| Q1 24 | $0.15 | $-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 | $376.7M | — |
| 总债务越低越好 | $5.2B | $14.7B |
| 股东权益账面价值 | $3.0B | $3.1B |
| 总资产 | $10.6B | $22.6B |
| 负债/权益比越低杠杆越低 | 1.72× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资PRMBRUN
| Q4 25 | $376.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务PRMBRUN
| Q4 25 | $5.2B | $14.7B | ||
| Q3 25 | $5.1B | $14.6B | ||
| Q2 25 | $5.1B | $14.0B | ||
| Q1 25 | $5.0B | $13.6B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | — | $12.5B | ||
| Q2 24 | — | $12.0B | ||
| Q1 24 | — | $11.1B |
股东权益PRMBRUN
| Q4 25 | $3.0B | $3.1B | ||
| Q3 25 | $3.2B | $3.0B | ||
| Q2 25 | $3.2B | $2.9B | ||
| Q1 25 | $3.3B | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $-2.0K | $5.3B | ||
| Q2 24 | $-296.8M | $5.4B | ||
| Q1 24 | $-349.8M | $5.2B |
总资产PRMBRUN
| Q4 25 | $10.6B | $22.6B | ||
| Q3 25 | $11.0B | $22.2B | ||
| Q2 25 | $11.0B | $21.2B | ||
| Q1 25 | $11.0B | $20.4B | ||
| Q4 24 | — | $19.9B | ||
| Q3 24 | $0 | $22.1B | ||
| Q2 24 | — | $21.4B | ||
| Q1 24 | — | $20.8B |
负债/权益比PRMBRUN
| Q4 25 | 1.72× | 4.69× | ||
| Q3 25 | 1.61× | 4.90× | ||
| Q2 25 | 1.57× | 4.80× | ||
| Q1 25 | 1.51× | 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 | $203.1M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $57.3M | — |
| 自由现金流率自由现金流/营收 | 3.7% | — |
| 资本支出强度资本支出/营收 | 9.4% | — |
| 现金转化率经营现金流/净利润 | — | 0.94× |
| 过去12个月自由现金流最近4个季度 | $302.9M | — |
8季度趋势，按日历期对齐
经营现金流PRMBRUN
| Q4 25 | $203.1M | $96.9M | ||
| Q3 25 | $283.4M | $-121.5M | ||
| Q2 25 | $155.0M | $-292.7M | ||
| Q1 25 | $38.8M | $-104.2M | ||
| Q4 24 | — | $-258.4M | ||
| Q3 24 | $0 | $-156.2M | ||
| Q2 24 | $102.5M | $-208.5M | ||
| Q1 24 | $6.0M | $-143.1M |
自由现金流PRMBRUN
| Q4 25 | $57.3M | — | ||
| Q3 25 | $167.7M | — | ||
| Q2 25 | $101.1M | — | ||
| Q1 25 | $-23.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-156.4M | ||
| Q2 24 | $61.4M | — | ||
| Q1 24 | $-17.5M | — |
自由现金流率PRMBRUN
| Q4 25 | 3.7% | — | ||
| Q3 25 | 9.5% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | -1.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -29.1% | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | -1.5% | — |
资本支出强度PRMBRUN
| Q4 25 | 9.4% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 2.1% | — |
现金转化率PRMBRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | 16.87× | -7.33× | ||
| Q2 25 | 5.62× | -1.05× | ||
| Q1 25 | 1.35× | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.88× | -1.50× | ||
| Q1 24 | 0.18× | — |
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
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
