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普尔斯马特（PSMT）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
普尔斯马特的季度营收约是Sunrun Inc.的1.2倍（$1.4B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs 2.9%，领先6.0%），Sunrun Inc.同比增速更快（123.5% vs 9.9%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 3.5%）
PriceSmart（普尔斯马特）是一家美资会员制仓储商超运营商，业务覆盖中美洲、加勒比地区及南美洲。公司由Price Club的创立者索尔·普莱斯与罗伯特·普莱斯共同创办，罗伯特·普莱斯现任董事会主席。
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。
PSMT vs RUN — 直观对比
营收规模更大
PSMT
是对方的1.2倍
$1.2B
营收增速更快
RUN
高出113.6%
9.9%
净利率更高
RUN
高出6.0%
2.9%
两年增速更快
RUN
近两年复合增速
3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $40.2M | $103.6M |
| 毛利率 | 17.7% | — |
| 营业利润率 | 4.6% | 8.4% |
| 净利率 | 2.9% | 8.9% |
| 营收同比 | 9.9% | 123.5% |
| 净利润同比 | 7.3% | 103.7% |
| 每股收益（稀释后） | $1.29 | $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PSMTRUN
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.3B | $724.6M | ||
| Q2 25 | $1.3B | $569.3M | ||
| Q1 25 | $1.4B | $504.3M | ||
| Q4 24 | $1.3B | $518.5M | ||
| Q3 24 | $1.2B | $537.2M | ||
| Q2 24 | $1.2B | $523.9M | ||
| Q1 24 | $1.3B | $458.2M |
净利润PSMTRUN
| Q4 25 | $40.2M | $103.6M | ||
| Q3 25 | $31.5M | $16.6M | ||
| Q2 25 | $35.2M | $279.8M | ||
| Q1 25 | $43.8M | $50.0M | ||
| Q4 24 | $37.4M | $-2.8B | ||
| Q3 24 | $29.1M | $-83.8M | ||
| Q2 24 | $32.5M | $139.1M | ||
| Q1 24 | $39.3M | $-87.8M |
毛利率PSMTRUN
| Q4 25 | 17.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率PSMTRUN
| Q4 25 | 4.6% | 8.4% | ||
| Q3 25 | 4.0% | 0.5% | ||
| Q2 25 | 4.3% | -19.7% | ||
| Q1 25 | 4.8% | -22.8% | ||
| Q4 24 | 4.6% | -628.0% | ||
| Q3 24 | 4.0% | -23.8% | ||
| Q2 24 | 4.1% | -24.4% | ||
| Q1 24 | 4.9% | -40.0% |
净利率PSMTRUN
| Q4 25 | 2.9% | 8.9% | ||
| Q3 25 | 2.4% | 2.3% | ||
| Q2 25 | 2.7% | 49.1% | ||
| Q1 25 | 3.2% | 9.9% | ||
| Q4 24 | 3.0% | -542.7% | ||
| Q3 24 | 2.4% | -15.6% | ||
| Q2 24 | 2.6% | 26.5% | ||
| Q1 24 | 3.0% | -19.2% |
每股收益（稀释后）PSMTRUN
| Q4 25 | $1.29 | $0.38 | ||
| Q3 25 | $1.02 | $0.06 | ||
| Q2 25 | $1.14 | $1.07 | ||
| Q1 25 | $1.45 | $0.20 | ||
| Q4 24 | $1.21 | $-12.59 | ||
| Q3 24 | $0.94 | $-0.37 | ||
| Q2 24 | $1.08 | $0.55 | ||
| Q1 24 | $1.31 | $-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 | $320.6M | — |
| 总债务越低越好 | $180.3M | $14.7B |
| 股东权益账面价值 | $1.3B | $3.1B |
| 总资产 | $2.4B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.14× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资PSMTRUN
| Q4 25 | $320.6M | — | ||
| Q3 25 | $314.2M | — | ||
| Q2 25 | $262.4M | — | ||
| Q1 25 | $247.3M | — | ||
| Q4 24 | $222.2M | — | ||
| Q3 24 | $225.5M | — | ||
| Q2 24 | $228.2M | — | ||
| Q1 24 | $264.2M | — |
总债务PSMTRUN
| Q4 25 | $180.3M | $14.7B | ||
| Q3 25 | $186.6M | $14.6B | ||
| Q2 25 | $103.1M | $14.0B | ||
| Q1 25 | $107.1M | $13.6B | ||
| Q4 24 | $115.6M | $12.9B | ||
| Q3 24 | $130.4M | $12.5B | ||
| Q2 24 | $135.1M | $12.0B | ||
| Q1 24 | $140.0M | $11.1B |
股东权益PSMTRUN
| Q4 25 | $1.3B | $3.1B | ||
| Q3 25 | $1.2B | $3.0B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.2B | $2.6B | ||
| Q3 24 | $1.1B | $5.3B | ||
| Q2 24 | $1.1B | $5.4B | ||
| Q1 24 | $1.1B | $5.2B |
总资产PSMTRUN
| Q4 25 | $2.4B | $22.6B | ||
| Q3 25 | $2.3B | $22.2B | ||
| Q2 25 | $2.1B | $21.2B | ||
| Q1 25 | $2.1B | $20.4B | ||
| Q4 24 | $2.1B | $19.9B | ||
| Q3 24 | $2.0B | $22.1B | ||
| Q2 24 | $2.0B | $21.4B | ||
| Q1 24 | $2.0B | $20.8B |
负债/权益比PSMTRUN
| Q4 25 | 0.14× | 4.69× | ||
| Q3 25 | 0.15× | 4.90× | ||
| Q2 25 | 0.08× | 4.80× | ||
| Q1 25 | 0.09× | 5.19× | ||
| Q4 24 | 0.10× | 5.05× | ||
| Q3 24 | 0.12× | 2.36× | ||
| Q2 24 | 0.12× | 2.23× | ||
| Q1 24 | 0.13× | 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 | $71.2M | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $32.6M | — |
| 自由现金流率自由现金流/营收 | 2.4% | — |
| 资本支出强度资本支出/营收 | 2.8% | — |
| 现金转化率经营现金流/净利润 | 1.77× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $125.5M | — |
8季度趋势，按日历期对齐
经营现金流PSMTRUN
| Q4 25 | $71.2M | $96.9M | ||
| Q3 25 | $82.1M | $-121.5M | ||
| Q2 25 | $52.8M | $-292.7M | ||
| Q1 25 | $87.9M | $-104.2M | ||
| Q4 24 | $38.5M | $-258.4M | ||
| Q3 24 | $41.8M | $-156.2M | ||
| Q2 24 | $38.1M | $-208.5M | ||
| Q1 24 | $86.6M | $-143.1M |
自由现金流PSMTRUN
| Q4 25 | $32.6M | — | ||
| Q3 25 | $25.6M | — | ||
| Q2 25 | $14.0M | — | ||
| Q1 25 | $53.2M | — | ||
| Q4 24 | $10.3M | — | ||
| Q3 24 | $15.2M | $-156.4M | ||
| Q2 24 | $-308.0K | — | ||
| Q1 24 | $16.4M | — |
自由现金流率PSMTRUN
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 1.2% | -29.1% | ||
| Q2 24 | -0.0% | — | ||
| Q1 24 | 1.3% | — |
资本支出强度PSMTRUN
| Q4 25 | 2.8% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 2.2% | 0.0% | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 5.4% | — |
现金转化率PSMTRUN
| Q4 25 | 1.77× | 0.94× | ||
| Q3 25 | 2.60× | -7.33× | ||
| Q2 25 | 1.50× | -1.05× | ||
| Q1 25 | 2.01× | -2.08× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.44× | — | ||
| Q2 24 | 1.17× | -1.50× | ||
| Q1 24 | 2.20× | — |
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
PSMT
| Fresh Foods | $454.9M | 33% |
| Caribbean Operations Segment | $396.5M | 29% |
| Colombia Operations Segment | $204.1M | 15% |
| Hardlines | $162.6M | 12% |
| Softlines | $99.8M | 7% |
| ship Income Member | $24.5M | 2% |
| Health Services | $14.5M | 1% |
| Other Revenue And Income | $4.2M | 0% |
| United States Operations Segment | $510.0K | 0% |
| Export Sales | $359.0K | 0% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
