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艾奕康（ACM）与塞拉尼斯（CE）财务数据对比。点击上方公司名可切换其他公司
艾奕康的季度营收约是塞拉尼斯的1.7倍（$3.8B vs $2.2B），艾奕康净利率更高（1.9% vs 0.6%，领先1.3%），艾奕康同比增速更快（1.6% vs -7.0%），塞拉尼斯自由现金流更多（$168.0M vs $41.9M），过去两年艾奕康的营收复合增速更高（-1.4% vs -8.1%）
AECOM是一家总部位于美国得克萨斯州达拉斯的跨国基础设施咨询企业，业务覆盖全球多地区，为交通、建筑、水务、能源等多个领域的工程项目提供专业规划、设计、项目管理等一体化咨询解决方案，在全球基建咨询行业拥有领先的市场地位。
塞拉尼斯是总部位于美国得克萨斯州欧文市的技术及特种材料企业，位列财富500强。公司是全球醋酸行业领军生产商，年产量约195万吨，占全球总产量的20%左右，同时也是全球最大的醋酸乙烯酯单体（VAM）供应商。
ACM vs CE — 直观对比
营收规模更大
ACM
是对方的1.7倍
$2.2B
营收增速更快
ACM
高出8.6%
-7.0%
净利率更高
ACM
高出1.3%
0.6%
自由现金流更多
CE
多$126.1M
$41.9M
两年增速更快
ACM
近两年复合增速
-8.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.2B |
| 净利润 | $74.5M | $14.0M |
| 毛利率 | 7.3% | 19.1% |
| 营业利润率 | 5.8% | 4.0% |
| 净利率 | 1.9% | 0.6% |
| 营收同比 | 1.6% | -7.0% |
| 净利润同比 | -48.0% | 100.7% |
| 每股收益（稀释后） | $0.56 | $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ACMCE
| Q1 26 | $3.8B | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | $4.2B | $2.4B | ||
| Q2 25 | $4.2B | $2.5B | ||
| Q1 25 | $3.8B | $2.4B | ||
| Q4 24 | $4.0B | $2.4B | ||
| Q3 24 | $4.1B | $2.6B | ||
| Q2 24 | $4.2B | $2.7B |
净利润ACMCE
| Q1 26 | $74.5M | — | ||
| Q4 25 | — | $14.0M | ||
| Q3 25 | $120.4M | $-1.4B | ||
| Q2 25 | $131.0M | $199.0M | ||
| Q1 25 | $143.4M | $-21.0M | ||
| Q4 24 | $167.0M | $-1.9B | ||
| Q3 24 | $172.5M | $116.0M | ||
| Q2 24 | $134.3M | $155.0M |
毛利率ACMCE
| Q1 26 | 7.3% | — | ||
| Q4 25 | — | 19.1% | ||
| Q3 25 | 7.9% | 21.5% | ||
| Q2 25 | 7.8% | 21.1% | ||
| Q1 25 | 7.7% | 19.9% | ||
| Q4 24 | 6.7% | 22.7% | ||
| Q3 24 | 7.2% | 23.5% | ||
| Q2 24 | 6.9% | 24.2% |
营业利润率ACMCE
| Q1 26 | 5.8% | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | 5.7% | -52.7% | ||
| Q2 25 | 7.0% | 9.2% | ||
| Q1 25 | 6.8% | 7.0% | ||
| Q4 24 | 5.9% | -59.3% | ||
| Q3 24 | 5.8% | 9.4% | ||
| Q2 24 | 5.5% | 9.4% |
净利率ACMCE
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 0.6% | ||
| Q3 25 | 2.9% | -56.1% | ||
| Q2 25 | 3.1% | 7.9% | ||
| Q1 25 | 3.8% | -0.9% | ||
| Q4 24 | 4.2% | -80.8% | ||
| Q3 24 | 4.2% | 4.4% | ||
| Q2 24 | 3.2% | 5.8% |
每股收益（稀释后）ACMCE
| Q1 26 | $0.56 | — | ||
| Q4 25 | — | $0.13 | ||
| Q3 25 | $0.90 | $-12.39 | ||
| Q2 25 | $0.98 | $1.81 | ||
| Q1 25 | $1.08 | $-0.19 | ||
| Q4 24 | $1.25 | $-17.50 | ||
| Q3 24 | $1.27 | $1.06 | ||
| Q2 24 | $0.98 | $1.41 |
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 | $1.2B | — |
| 总债务越低越好 | $2.6B | $11.4B |
| 股东权益账面价值 | $2.2B | $4.0B |
| 总资产 | $11.9B | $21.7B |
| 负债/权益比越低杠杆越低 | 1.18× | 2.81× |
8季度趋势，按日历期对齐
现金及短期投资ACMCE
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — |
总债务ACMCE
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | $11.4B | ||
| Q3 25 | $2.6B | $11.7B | ||
| Q2 25 | $2.5B | $12.7B | ||
| Q1 25 | $2.5B | $12.4B | ||
| Q4 24 | $2.5B | $11.1B | ||
| Q3 24 | $2.5B | $11.3B | ||
| Q2 24 | $2.5B | $11.1B |
股东权益ACMCE
| Q1 26 | $2.2B | — | ||
| Q4 25 | — | $4.0B | ||
| Q3 25 | $2.5B | $4.0B | ||
| Q2 25 | $2.5B | $5.3B | ||
| Q1 25 | $2.3B | $5.2B | ||
| Q4 24 | $2.2B | $5.2B | ||
| Q3 24 | $2.2B | $7.3B | ||
| Q2 24 | $2.3B | $7.2B |
总资产ACMCE
| Q1 26 | $11.9B | — | ||
| Q4 25 | — | $21.7B | ||
| Q3 25 | $12.2B | $22.2B | ||
| Q2 25 | $12.3B | $23.7B | ||
| Q1 25 | $11.8B | $23.2B | ||
| Q4 24 | $11.8B | $22.9B | ||
| Q3 24 | $12.1B | $25.9B | ||
| Q2 24 | $12.0B | $25.8B |
负债/权益比ACMCE
| Q1 26 | 1.18× | — | ||
| Q4 25 | — | 2.81× | ||
| Q3 25 | 1.06× | 2.95× | ||
| Q2 25 | 0.99× | 2.41× | ||
| Q1 25 | 1.07× | 2.39× | ||
| Q4 24 | 1.11× | 2.14× | ||
| Q3 24 | 1.12× | 1.56× | ||
| Q2 24 | 1.07× | 1.54× |
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 | $70.2M | $252.0M |
| 自由现金流经营现金流 - 资本支出 | $41.9M | $168.0M |
| 自由现金流率自由现金流/营收 | 1.1% | 7.6% |
| 资本支出强度资本支出/营收 | 0.7% | 3.8% |
| 现金转化率经营现金流/净利润 | 0.94× | 18.00× |
| 过去12个月自由现金流最近4个季度 | $616.0M | $803.0M |
8季度趋势，按日历期对齐
经营现金流ACMCE
| Q1 26 | $70.2M | — | ||
| Q4 25 | — | $252.0M | ||
| Q3 25 | $196.1M | $447.0M | ||
| Q2 25 | $283.7M | $410.0M | ||
| Q1 25 | $190.7M | $37.0M | ||
| Q4 24 | $151.1M | $494.0M | ||
| Q3 24 | $298.8M | $79.0M | ||
| Q2 24 | $291.3M | $292.0M |
自由现金流ACMCE
| Q1 26 | $41.9M | — | ||
| Q4 25 | — | $168.0M | ||
| Q3 25 | $134.1M | $383.0M | ||
| Q2 25 | $261.7M | $317.0M | ||
| Q1 25 | $178.3M | $-65.0M | ||
| Q4 24 | $110.9M | $389.0M | ||
| Q3 24 | $274.5M | $-9.0M | ||
| Q2 24 | $272.8M | $187.0M |
自由现金流率ACMCE
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | 3.2% | 15.8% | ||
| Q2 25 | 6.3% | 12.5% | ||
| Q1 25 | 4.7% | -2.7% | ||
| Q4 24 | 2.8% | 16.4% | ||
| Q3 24 | 6.7% | -0.3% | ||
| Q2 24 | 6.6% | 7.1% |
资本支出强度ACMCE
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | 1.5% | 2.6% | ||
| Q2 25 | 0.5% | 3.7% | ||
| Q1 25 | 0.3% | 4.3% | ||
| Q4 24 | 1.0% | 4.4% | ||
| Q3 24 | 0.6% | 3.3% | ||
| Q2 24 | 0.4% | 4.0% |
现金转化率ACMCE
| Q1 26 | 0.94× | — | ||
| Q4 25 | — | 18.00× | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | 2.17× | 2.06× | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | 0.90× | — | ||
| Q3 24 | 1.73× | 0.68× | ||
| Q2 24 | 2.17× | 1.88× |
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
ACM
暂无分部数据
CE
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
