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瑞思迈（RMD）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是Sunrun Inc.的1.2倍（$1.4B vs $1.2B），瑞思迈净利率更高（27.6% vs 8.9%，领先18.7%），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 7.8%）
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
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。
RMD vs RUN — 直观对比
营收规模更大
RMD
是对方的1.2倍
$1.2B
营收增速更快
RUN
高出112.5%
11.0%
净利率更高
RMD
高出18.7%
8.9%
两年增速更快
RUN
近两年复合增速
7.8%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $392.6M | $103.6M |
| 毛利率 | 61.8% | — |
| 营业利润率 | 34.6% | 8.4% |
| 净利率 | 27.6% | 8.9% |
| 营收同比 | 11.0% | 123.5% |
| 净利润同比 | 13.9% | 103.7% |
| 每股收益（稀释后） | $2.68 | $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RMDRUN
| Q2 26 | $1.4B | — | ||
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.3B | $724.6M | ||
| Q2 25 | $1.3B | $569.3M | ||
| Q1 25 | $1.3B | $504.3M | ||
| Q4 24 | $1.3B | $518.5M | ||
| Q3 24 | $1.2B | $537.2M |
净利润RMDRUN
| Q2 26 | $392.6M | — | ||
| Q1 26 | $398.7M | — | ||
| Q4 25 | $392.6M | $103.6M | ||
| Q3 25 | $348.5M | $16.6M | ||
| Q2 25 | $379.7M | $279.8M | ||
| Q1 25 | $365.0M | $50.0M | ||
| Q4 24 | $344.6M | $-2.8B | ||
| Q3 24 | $311.4M | $-83.8M |
毛利率RMDRUN
| Q2 26 | 61.8% | — | ||
| Q1 26 | 62.2% | — | ||
| Q4 25 | 61.8% | — | ||
| Q3 25 | 61.5% | — | ||
| Q2 25 | 60.8% | — | ||
| Q1 25 | 59.3% | — | ||
| Q4 24 | 58.6% | — | ||
| Q3 24 | 58.6% | — |
营业利润率RMDRUN
| Q2 26 | 34.6% | — | ||
| Q1 26 | 34.9% | — | ||
| Q4 25 | 34.6% | 8.4% | ||
| Q3 25 | 33.4% | 0.5% | ||
| Q2 25 | 33.7% | -19.7% | ||
| Q1 25 | 33.0% | -22.8% | ||
| Q4 24 | 32.5% | -628.0% | ||
| Q3 24 | 31.6% | -23.8% |
净利率RMDRUN
| Q2 26 | 27.6% | — | ||
| Q1 26 | 27.9% | — | ||
| Q4 25 | 27.6% | 8.9% | ||
| Q3 25 | 26.1% | 2.3% | ||
| Q2 25 | 28.2% | 49.1% | ||
| Q1 25 | 28.3% | 9.9% | ||
| Q4 24 | 26.9% | -542.7% | ||
| Q3 24 | 25.4% | -15.6% |
每股收益（稀释后）RMDRUN
| Q2 26 | $2.68 | — | ||
| Q1 26 | $2.74 | — | ||
| Q4 25 | $2.68 | $0.38 | ||
| Q3 25 | $2.37 | $0.06 | ||
| Q2 25 | $2.58 | $1.07 | ||
| Q1 25 | $2.48 | $0.20 | ||
| Q4 24 | $2.34 | $-12.59 | ||
| Q3 24 | $2.11 | $-0.37 |
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 | $1.4B | — |
| 总债务越低越好 | $663.8M | $14.7B |
| 股东权益账面价值 | $6.3B | $3.1B |
| 总资产 | $8.5B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.11× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资RMDRUN
| Q2 26 | $1.4B | — | ||
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $932.7M | — | ||
| Q4 24 | $521.9M | — | ||
| Q3 24 | $426.4M | — |
总债务RMDRUN
| Q2 26 | $663.8M | — | ||
| Q1 26 | $664.1M | — | ||
| Q4 25 | $403.9M | $14.7B | ||
| Q3 25 | $408.7M | $14.6B | ||
| Q2 25 | $658.4M | $14.0B | ||
| Q1 25 | $663.1M | $13.6B | ||
| Q4 24 | $662.9M | $12.9B | ||
| Q3 24 | $667.6M | $12.5B |
股东权益RMDRUN
| Q2 26 | $6.3B | — | ||
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | $3.1B | ||
| Q3 25 | $6.1B | $3.0B | ||
| Q2 25 | $6.0B | $2.9B | ||
| Q1 25 | $5.5B | $2.6B | ||
| Q4 24 | $5.3B | $2.6B | ||
| Q3 24 | $5.2B | $5.3B |
总资产RMDRUN
| Q2 26 | $8.5B | — | ||
| Q1 26 | $8.8B | — | ||
| Q4 25 | $8.5B | $22.6B | ||
| Q3 25 | $8.3B | $22.2B | ||
| Q2 25 | $8.2B | $21.2B | ||
| Q1 25 | $7.6B | $20.4B | ||
| Q4 24 | $7.1B | $19.9B | ||
| Q3 24 | $7.2B | $22.1B |
负债/权益比RMDRUN
| Q2 26 | 0.11× | — | ||
| Q1 26 | 0.10× | — | ||
| Q4 25 | 0.06× | 4.69× | ||
| Q3 25 | 0.07× | 4.90× | ||
| Q2 25 | 0.11× | 4.80× | ||
| Q1 25 | 0.12× | 5.19× | ||
| Q4 24 | 0.13× | 5.05× | ||
| Q3 24 | 0.13× | 2.36× |
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RMDRUN
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $339.7M | $96.9M | ||
| Q3 25 | $457.3M | $-121.5M | ||
| Q2 25 | $538.8M | $-292.7M | ||
| Q1 25 | $578.7M | $-104.2M | ||
| Q4 24 | $308.6M | $-258.4M | ||
| Q3 24 | $325.5M | $-156.2M |
自由现金流RMDRUN
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $311.2M | — | ||
| Q3 25 | $414.4M | — | ||
| Q2 25 | $508.2M | — | ||
| Q1 25 | $557.9M | — | ||
| Q4 24 | $288.0M | — | ||
| Q3 24 | $307.7M | $-156.4M |
自由现金流率RMDRUN
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 21.9% | — | ||
| Q3 25 | 31.0% | — | ||
| Q2 25 | 37.7% | — | ||
| Q1 25 | 43.2% | — | ||
| Q4 24 | 22.5% | — | ||
| Q3 24 | 25.1% | -29.1% |
资本支出强度RMDRUN
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.5% | 0.0% |
现金转化率RMDRUN
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 0.94× | ||
| Q3 25 | 1.31× | -7.33× | ||
| Q2 25 | 1.42× | -1.05× | ||
| Q1 25 | 1.59× | -2.08× | ||
| Q4 24 | 0.90× | — | ||
| Q3 24 | 1.05× | — |
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
RMD
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% |
