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Sunrun Inc.（RUN）与ZIONS BANCORPORATION, NATIONAL ASSOCIATION（ZION）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ZIONS BANCORPORATION, NATIONAL ASSOCIATION的1.3倍（$1.2B vs $891.0M），ZIONS BANCORPORATION, NATIONAL ASSOCIATION净利率更高（29.5% vs 8.9%，领先20.6%），Sunrun Inc.同比增速更快（123.5% vs 8.7%），过去两年Sunrun Inc.的营收复合增速更高（59.0% vs 9.6%）
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。
Zions Bancorporation是总部位于美国犹他州盐湖城的全国性银行，并非银行控股公司。旗下共运营七大银行品牌，包括Zions银行、德州Amegy银行、加州信托银行、亚利桑那国家银行、内华达州立银行、科罗拉多Vectra银行及华盛顿商业银行，业务覆盖美国多地。
RUN vs ZION — 直观对比
营收规模更大
RUN
是对方的1.3倍
$891.0M
营收增速更快
RUN
高出114.8%
8.7%
净利率更高
ZION
高出20.6%
8.9%
两年增速更快
RUN
近两年复合增速
9.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $891.0M |
| 净利润 | $103.6M | $263.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.4% | — |
| 净利率 | 8.9% | 29.5% |
| 营收同比 | 123.5% | 8.7% |
| 净利润同比 | 103.7% | 21.8% |
| 每股收益（稀释后） | $0.38 | $1.77 |
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RUNZION
| Q4 25 | $1.2B | $891.0M | ||
| Q3 25 | $724.6M | $861.0M | ||
| Q2 25 | $569.3M | $838.0M | ||
| Q1 25 | $504.3M | $795.0M | ||
| Q4 24 | $518.5M | $820.0M | ||
| Q3 24 | $537.2M | $792.0M | ||
| Q2 24 | $523.9M | $777.0M | ||
| Q1 24 | $458.2M | $742.0M |
净利润RUNZION
| Q4 25 | $103.6M | $263.0M | ||
| Q3 25 | $16.6M | $222.0M | ||
| Q2 25 | $279.8M | $244.0M | ||
| Q1 25 | $50.0M | $170.0M | ||
| Q4 24 | $-2.8B | $216.0M | ||
| Q3 24 | $-83.8M | $214.0M | ||
| Q2 24 | $139.1M | $201.0M | ||
| Q1 24 | $-87.8M | $153.0M |
营业利润率RUNZION
| Q4 25 | 8.4% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | -19.7% | — | ||
| Q1 25 | -22.8% | — | ||
| Q4 24 | -628.0% | — | ||
| Q3 24 | -23.8% | — | ||
| Q2 24 | -24.4% | — | ||
| Q1 24 | -40.0% | — |
净利率RUNZION
| Q4 25 | 8.9% | 29.5% | ||
| Q3 25 | 2.3% | 25.8% | ||
| Q2 25 | 49.1% | 29.1% | ||
| Q1 25 | 9.9% | 21.4% | ||
| Q4 24 | -542.7% | 26.3% | ||
| Q3 24 | -15.6% | 27.0% | ||
| Q2 24 | 26.5% | 25.9% | ||
| Q1 24 | -19.2% | 20.6% |
每股收益（稀释后）RUNZION
| Q4 25 | $0.38 | $1.77 | ||
| Q3 25 | $0.06 | $1.48 | ||
| Q2 25 | $1.07 | $1.63 | ||
| Q1 25 | $0.20 | $1.13 | ||
| Q4 24 | $-12.59 | $1.34 | ||
| Q3 24 | $-0.37 | $1.37 | ||
| Q2 24 | $0.55 | $1.28 | ||
| Q1 24 | $-0.40 | $0.96 |
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 | $1.5B |
| 股东权益账面价值 | $3.1B | $7.2B |
| 总资产 | $22.6B | $89.0B |
| 负债/权益比越低杠杆越低 | 4.69× | 0.21× |
8季度趋势，按日历期对齐
总债务RUNZION
| Q4 25 | $14.7B | $1.5B | ||
| Q3 25 | $14.6B | $1.5B | ||
| Q2 25 | $14.0B | $970.0M | ||
| Q1 25 | $13.6B | $964.0M | ||
| Q4 24 | $12.9B | $950.0M | ||
| Q3 24 | $12.5B | $548.0M | ||
| Q2 24 | $12.0B | $546.0M | ||
| Q1 24 | $11.1B | $544.0M |
股东权益RUNZION
| Q4 25 | $3.1B | $7.2B | ||
| Q3 25 | $3.0B | $6.9B | ||
| Q2 25 | $2.9B | $6.6B | ||
| Q1 25 | $2.6B | $6.3B | ||
| Q4 24 | $2.6B | $6.1B | ||
| Q3 24 | $5.3B | $6.4B | ||
| Q2 24 | $5.4B | $6.0B | ||
| Q1 24 | $5.2B | $5.8B |
总资产RUNZION
| Q4 25 | $22.6B | $89.0B | ||
| Q3 25 | $22.2B | $88.5B | ||
| Q2 25 | $21.2B | $88.9B | ||
| Q1 25 | $20.4B | $88.0B | ||
| Q4 24 | $19.9B | $88.8B | ||
| Q3 24 | $22.1B | $87.0B | ||
| Q2 24 | $21.4B | $87.6B | ||
| Q1 24 | $20.8B | $87.1B |
负债/权益比RUNZION
| Q4 25 | 4.69× | 0.21× | ||
| Q3 25 | 4.90× | 0.21× | ||
| Q2 25 | 4.80× | 0.15× | ||
| Q1 25 | 5.19× | 0.15× | ||
| Q4 24 | 5.05× | 0.16× | ||
| Q3 24 | 2.36× | 0.09× | ||
| Q2 24 | 2.23× | 0.09× | ||
| Q1 24 | 2.15× | 0.09× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $952.0M |
| 自由现金流率自由现金流/营收 | — | 106.8% |
| 资本支出强度资本支出/营收 | — | 13.6% |
| 现金转化率经营现金流/净利润 | 0.94× | 4.08× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流RUNZION
| Q4 25 | $96.9M | $1.1B | ||
| Q3 25 | $-121.5M | $438.0M | ||
| Q2 25 | $-292.7M | $-62.0M | ||
| Q1 25 | $-104.2M | $179.0M | ||
| Q4 24 | $-258.4M | $1.1B | ||
| Q3 24 | $-156.2M | $119.0M | ||
| Q2 24 | $-208.5M | $251.0M | ||
| Q1 24 | $-143.1M | $261.0M |
自由现金流RUNZION
| Q4 25 | — | $952.0M | ||
| Q3 25 | — | $413.0M | ||
| Q2 25 | — | $-93.0M | ||
| Q1 25 | — | $152.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $-156.4M | $97.0M | ||
| Q2 24 | — | $234.0M | ||
| Q1 24 | — | $231.0M |
自由现金流率RUNZION
| Q4 25 | — | 106.8% | ||
| Q3 25 | — | 48.0% | ||
| Q2 25 | — | -11.1% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 128.2% | ||
| Q3 24 | -29.1% | 12.2% | ||
| Q2 24 | — | 30.1% | ||
| Q1 24 | — | 31.1% |
资本支出强度RUNZION
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | 0.0% | 2.8% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 4.0% |
现金转化率RUNZION
| Q4 25 | 0.94× | 4.08× | ||
| Q3 25 | -7.33× | 1.97× | ||
| Q2 25 | -1.05× | -0.25× | ||
| Q1 25 | -2.08× | 1.05× | ||
| Q4 24 | — | 5.31× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | -1.50× | 1.25× | ||
| Q1 24 | — | 1.71× |
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% |
ZION
暂无分部数据
