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Sunrun Inc.（RUN）与Rackspace Technology, Inc.（RXT）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Rackspace Technology, Inc.的1.7倍（$1.2B vs $682.8M），Sunrun Inc.净利率更高（8.9% vs -4.8%，领先13.7%），Sunrun Inc.同比增速更快（123.5% vs -0.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs -0.6%）
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。
Rackspace Technology, Inc.是总部位于美国得克萨斯州圣安东尼奥的云计算企业，在弗吉尼亚州雷斯顿以及澳大利亚、加拿大、英国、印度、迪拜、瑞士、荷兰、德国、新加坡、墨西哥、中国香港等多个国家和地区设有办事处，数据中心分布于全球多个主要城市，为客户提供专业的云计算相关服务。
RUN vs RXT — 直观对比
营收规模更大
RUN
是对方的1.7倍
$682.8M
营收增速更快
RUN
高出123.9%
-0.4%
净利率更高
RUN
高出13.7%
-4.8%
两年增速更快
RUN
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $682.8M |
| 净利润 | $103.6M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 8.4% | -0.5% |
| 净利率 | 8.9% | -4.8% |
| 营收同比 | 123.5% | -0.4% |
| 净利润同比 | 103.7% | 41.6% |
| 每股收益（稀释后） | $0.38 | $-0.13 |
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RUNRXT
| Q4 25 | $1.2B | $682.8M | ||
| Q3 25 | $724.6M | $671.2M | ||
| Q2 25 | $569.3M | $666.3M | ||
| Q1 25 | $504.3M | $665.4M | ||
| Q4 24 | $518.5M | $685.6M | ||
| Q3 24 | $537.2M | $675.8M | ||
| Q2 24 | $523.9M | $684.9M | ||
| Q1 24 | $458.2M | $690.8M |
净利润RUNRXT
| Q4 25 | $103.6M | $-32.7M | ||
| Q3 25 | $16.6M | $-67.1M | ||
| Q2 25 | $279.8M | $-54.5M | ||
| Q1 25 | $50.0M | $-71.5M | ||
| Q4 24 | $-2.8B | $-56.0M | ||
| Q3 24 | $-83.8M | $-186.6M | ||
| Q2 24 | $139.1M | $25.0M | ||
| Q1 24 | $-87.8M | $-640.6M |
毛利率RUNRXT
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 19.2% |
营业利润率RUNRXT
| Q4 25 | 8.4% | -0.5% | ||
| Q3 25 | 0.5% | -5.1% | ||
| Q2 25 | -19.7% | -3.8% | ||
| Q1 25 | -22.8% | -5.8% | ||
| Q4 24 | -628.0% | -4.2% | ||
| Q3 24 | -23.8% | -25.7% | ||
| Q2 24 | -24.4% | -7.9% | ||
| Q1 24 | -40.0% | -94.5% |
净利率RUNRXT
| Q4 25 | 8.9% | -4.8% | ||
| Q3 25 | 2.3% | -10.0% | ||
| Q2 25 | 49.1% | -8.2% | ||
| Q1 25 | 9.9% | -10.7% | ||
| Q4 24 | -542.7% | -8.2% | ||
| Q3 24 | -15.6% | -27.6% | ||
| Q2 24 | 26.5% | 3.7% | ||
| Q1 24 | -19.2% | -92.7% |
每股收益（稀释后）RUNRXT
| Q4 25 | $0.38 | $-0.13 | ||
| Q3 25 | $0.06 | $-0.28 | ||
| Q2 25 | $1.07 | $-0.23 | ||
| Q1 25 | $0.20 | $-0.31 | ||
| Q4 24 | $-12.59 | $-0.20 | ||
| Q3 24 | $-0.37 | $-0.82 | ||
| Q2 24 | $0.55 | $0.11 | ||
| Q1 24 | $-0.40 | $-2.91 |
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 | — | $105.8M |
| 总债务越低越好 | $14.7B | $2.7B |
| 股东权益账面价值 | $3.1B | $-1.2B |
| 总资产 | $22.6B | $2.8B |
| 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RUNRXT
| Q4 25 | — | $105.8M | ||
| Q3 25 | — | $99.5M | ||
| Q2 25 | — | $103.9M | ||
| Q1 25 | — | $128.0M | ||
| Q4 24 | — | $144.0M | ||
| Q3 24 | — | $157.1M | ||
| Q2 24 | — | $190.2M | ||
| Q1 24 | — | $282.6M |
总债务RUNRXT
| Q4 25 | $14.7B | $2.7B | ||
| Q3 25 | $14.6B | $2.8B | ||
| Q2 25 | $14.0B | $2.8B | ||
| Q1 25 | $13.6B | $2.8B | ||
| Q4 24 | $12.9B | $2.8B | ||
| Q3 24 | $12.5B | $2.8B | ||
| Q2 24 | $12.0B | $2.9B | ||
| Q1 24 | $11.1B | $3.0B |
股东权益RUNRXT
| Q4 25 | $3.1B | $-1.2B | ||
| Q3 25 | $3.0B | $-1.2B | ||
| Q2 25 | $2.9B | $-1.1B | ||
| Q1 25 | $2.6B | $-1.1B | ||
| Q4 24 | $2.6B | $-1.0B | ||
| Q3 24 | $5.3B | $-949.7M | ||
| Q2 24 | $5.4B | $-756.2M | ||
| Q1 24 | $5.2B | $-787.2M |
总资产RUNRXT
| Q4 25 | $22.6B | $2.8B | ||
| Q3 25 | $22.2B | $2.8B | ||
| Q2 25 | $21.2B | $2.9B | ||
| Q1 25 | $20.4B | $3.0B | ||
| Q4 24 | $19.9B | $3.1B | ||
| Q3 24 | $22.1B | $3.1B | ||
| Q2 24 | $21.4B | $3.4B | ||
| Q1 24 | $20.8B | $3.5B |
负债/权益比RUNRXT
| 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 | $96.9M | $59.7M |
| 自由现金流经营现金流 - 资本支出 | — | $56.0M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 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 | — | $90.6M |
8季度趋势，按日历期对齐
经营现金流RUNRXT
| Q4 25 | $96.9M | $59.7M | ||
| Q3 25 | $-121.5M | $70.7M | ||
| Q2 25 | $-292.7M | $8.4M | ||
| Q1 25 | $-104.2M | $12.6M | ||
| Q4 24 | $-258.4M | $54.3M | ||
| Q3 24 | $-156.2M | $51.8M | ||
| Q2 24 | $-208.5M | $24.1M | ||
| Q1 24 | $-143.1M | $-90.3M |
自由现金流RUNRXT
| Q4 25 | — | $56.0M | ||
| Q3 25 | — | $42.7M | ||
| Q2 25 | — | $-12.4M | ||
| Q1 25 | — | $4.3M | ||
| Q4 24 | — | $34.4M | ||
| Q3 24 | $-156.4M | $27.3M | ||
| Q2 24 | — | $-14.5M | ||
| Q1 24 | — | $-118.4M |
自由现金流率RUNRXT
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | -1.9% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | -29.1% | 4.0% | ||
| Q2 24 | — | -2.1% | ||
| Q1 24 | — | -17.1% |
资本支出强度RUNRXT
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | 0.0% | 3.6% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | 4.1% |
现金转化率RUNRXT
| Q4 25 | 0.94× | — | ||
| Q3 25 | -7.33× | — | ||
| Q2 25 | -1.05× | — | ||
| Q1 25 | -2.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.50× | 0.96× | ||
| Q1 24 | — | — |
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
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
