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Rithm Capital Corp.（RITM）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Rithm Capital Corp.的1.4倍（$1.2B vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs 8.9%，领先4.3%），Rithm Capital Corp.同比增速更快（508.5% vs 123.5%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -17.9%）
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
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。
RITM vs RUN — 直观对比
营收规模更大
RUN
是对方的1.4倍
$828.2M
营收增速更快
RITM
高出385.0%
123.5%
净利率更高
RITM
高出4.3%
8.9%
两年增速更快
RUN
近两年复合增速
-17.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $828.2M | $1.2B |
| 净利润 | $109.5M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 29.9% | 8.4% |
| 净利率 | 13.2% | 8.9% |
| 营收同比 | 508.5% | 123.5% |
| 净利润同比 | 27.7% | 103.7% |
| 每股收益（稀释后） | $0.12 | $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RITMRUN
| Q1 26 | $828.2M | — | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.1B | $724.6M | ||
| Q2 25 | $1.2B | $569.3M | ||
| Q1 25 | $768.4M | $504.3M | ||
| Q4 24 | $2.1B | $518.5M | ||
| Q3 24 | $619.5M | $537.2M | ||
| Q2 24 | $1.2B | $523.9M |
净利润RITMRUN
| Q1 26 | $109.5M | — | ||
| Q4 25 | $85.0M | $103.6M | ||
| Q3 25 | $221.5M | $16.6M | ||
| Q2 25 | $311.7M | $279.8M | ||
| Q1 25 | $78.8M | $50.0M | ||
| Q4 24 | $290.2M | $-2.8B | ||
| Q3 24 | $121.7M | $-83.8M | ||
| Q2 24 | $235.6M | $139.1M |
营业利润率RITMRUN
| Q1 26 | 29.9% | — | ||
| Q4 25 | 13.8% | 8.4% | ||
| Q3 25 | 21.4% | 0.5% | ||
| Q2 25 | 25.2% | -19.7% | ||
| Q1 25 | 7.4% | -22.8% | ||
| Q4 24 | 23.8% | -628.0% | ||
| Q3 24 | 7.3% | -23.8% | ||
| Q2 24 | 23.6% | -24.4% |
净利率RITMRUN
| Q1 26 | 13.2% | — | ||
| Q4 25 | 5.7% | 8.9% | ||
| Q3 25 | 20.0% | 2.3% | ||
| Q2 25 | 25.6% | 49.1% | ||
| Q1 25 | 10.3% | 9.9% | ||
| Q4 24 | 14.0% | -542.7% | ||
| Q3 24 | 19.7% | -15.6% | ||
| Q2 24 | 19.2% | 26.5% |
每股收益（稀释后）RITMRUN
| Q1 26 | $0.12 | — | ||
| Q4 25 | $0.09 | $0.38 | ||
| Q3 25 | $0.35 | $0.06 | ||
| Q2 25 | $0.53 | $1.07 | ||
| Q1 25 | $0.07 | $0.20 | ||
| Q4 24 | $0.50 | $-12.59 | ||
| Q3 24 | $0.20 | $-0.37 | ||
| Q2 24 | $0.43 | $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 | — | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $9.1B | $3.1B |
| 总资产 | $53.4B | $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RITMRUN
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.2B | — |
总债务RITMRUN
| Q1 26 | — | — | ||
| Q4 25 | $35.4B | $14.7B | ||
| Q3 25 | $32.2B | $14.6B | ||
| Q2 25 | $31.2B | $14.0B | ||
| Q1 25 | $32.2B | $13.6B | ||
| Q4 24 | $32.6B | $12.9B | ||
| Q3 24 | $29.6B | $12.5B | ||
| Q2 24 | $30.1B | $12.0B |
股东权益RITMRUN
| Q1 26 | $9.1B | — | ||
| Q4 25 | $8.4B | $3.1B | ||
| Q3 25 | $8.5B | $3.0B | ||
| Q2 25 | $7.9B | $2.9B | ||
| Q1 25 | $7.8B | $2.6B | ||
| Q4 24 | $7.8B | $2.6B | ||
| Q3 24 | $7.7B | $5.3B | ||
| Q2 24 | $7.3B | $5.4B |
总资产RITMRUN
| Q1 26 | $53.4B | — | ||
| Q4 25 | $53.1B | $22.6B | ||
| Q3 25 | $47.2B | $22.2B | ||
| Q2 25 | $44.3B | $21.2B | ||
| Q1 25 | $45.3B | $20.4B | ||
| Q4 24 | $46.0B | $19.9B | ||
| Q3 24 | $42.3B | $22.1B | ||
| Q2 24 | $42.0B | $21.4B |
负债/权益比RITMRUN
| Q1 26 | — | — | ||
| Q4 25 | 4.20× | 4.69× | ||
| Q3 25 | 3.79× | 4.90× | ||
| Q2 25 | 3.92× | 4.80× | ||
| Q1 25 | 4.14× | 5.19× | ||
| Q4 24 | 4.18× | 5.05× | ||
| Q3 24 | 3.87× | 2.36× | ||
| Q2 24 | 4.10× | 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 | — | $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 | — | 0.94× |
| 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RITMRUN
| Q1 26 | — | — | ||
| Q4 25 | $-114.6M | $96.9M | ||
| Q3 25 | $-2.0B | $-121.5M | ||
| Q2 25 | $-557.1M | $-292.7M | ||
| Q1 25 | $1.4B | $-104.2M | ||
| Q4 24 | $-1.8B | $-258.4M | ||
| Q3 24 | $768.1M | $-156.2M | ||
| Q2 24 | $-55.7M | $-208.5M |
自由现金流RITMRUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-156.4M | ||
| Q2 24 | — | — |
自由现金流率RITMRUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -29.1% | ||
| Q2 24 | — | — |
资本支出强度RITMRUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — |
现金转化率RITMRUN
| Q1 26 | — | — | ||
| Q4 25 | -1.35× | 0.94× | ||
| Q3 25 | -9.22× | -7.33× | ||
| Q2 25 | -1.79× | -1.05× | ||
| Q1 25 | 18.03× | -2.08× | ||
| Q4 24 | -6.04× | — | ||
| Q3 24 | 6.31× | — | ||
| Q2 24 | -0.24× | -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
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
