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安姆科（AMCR）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
安姆科的季度营收约是塞拉尼斯的2.5倍（$5.4B vs $2.2B）。安姆科净利率更高（3.2% vs 0.6%，领先2.6%）。安姆科同比增速更快（68.1% vs -7.0%）。安姆科自由现金流更多（$282.0M vs $168.0M）。过去两年安姆科的营收复合增速更高（26.4% vs -8.1%）
安姆科是全球知名的包装产品开发商、生产商与销售商，业务覆盖欧洲、北美、拉美、非洲及亚太地区，下设软包装与硬包装两大业务板块。软包装产品广泛应用于食品饮料、医药、生鲜、休闲食品、个人护理等领域，硬包装板块则为各类食品饮料提供刚性容器产品。
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。
AMCR vs CE — 直观对比
营收规模更大
AMCR
是对方的2.5倍
$2.2B
营收增速更快
AMCR
高出75.1%
-7.0%
净利率更高
AMCR
高出2.6%
0.6%
自由现金流更多
AMCR
多$114.0M
$168.0M
两年增速更快
AMCR
近两年复合增速
-8.1%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $2.2B |
| 净利润 | $177.0M | $14.0M |
| 毛利率 | 19.1% | 19.1% |
| 营业利润率 | 6.1% | 4.0% |
| 净利率 | 3.2% | 0.6% |
| 营收同比 | 68.1% | -7.0% |
| 净利润同比 | 8.6% | 100.7% |
| 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AMCRCE
| Q4 25 | $5.4B | $2.2B | ||
| Q3 25 | $5.7B | $2.4B | ||
| Q2 25 | $5.1B | $2.5B | ||
| Q1 25 | $3.3B | $2.4B | ||
| Q4 24 | $3.2B | $2.4B | ||
| Q3 24 | $3.4B | $2.6B | ||
| Q2 24 | $3.5B | $2.7B | ||
| Q1 24 | $3.4B | $2.6B |
净利润AMCRCE
| Q4 25 | $177.0M | $14.0M | ||
| Q3 25 | $262.0M | $-1.4B | ||
| Q2 25 | $-39.0M | $199.0M | ||
| Q1 25 | $196.0M | $-21.0M | ||
| Q4 24 | $163.0M | $-1.9B | ||
| Q3 24 | $191.0M | $116.0M | ||
| Q2 24 | $257.0M | $155.0M | ||
| Q1 24 | $187.0M | $121.0M |
毛利率AMCRCE
| Q4 25 | 19.1% | 19.1% | ||
| Q3 25 | 19.6% | 21.5% | ||
| Q2 25 | 17.6% | 21.1% | ||
| Q1 25 | 19.6% | 19.9% | ||
| Q4 24 | 19.3% | 22.7% | ||
| Q3 24 | 19.7% | 23.5% | ||
| Q2 24 | 21.3% | 24.2% | ||
| Q1 24 | 20.3% | 21.2% |
营业利润率AMCRCE
| Q4 25 | 6.1% | 4.0% | ||
| Q3 25 | 8.0% | -52.7% | ||
| Q2 25 | 1.7% | 9.2% | ||
| Q1 25 | 9.4% | 7.0% | ||
| Q4 24 | 9.2% | -59.3% | ||
| Q3 24 | 9.3% | 9.4% | ||
| Q2 24 | 11.2% | 9.4% | ||
| Q1 24 | 9.0% | 8.0% |
净利率AMCRCE
| Q4 25 | 3.2% | 0.6% | ||
| Q3 25 | 4.6% | -56.1% | ||
| Q2 25 | -0.8% | 7.9% | ||
| Q1 25 | 5.9% | -0.9% | ||
| Q4 24 | 5.0% | -80.8% | ||
| Q3 24 | 5.7% | 4.4% | ||
| Q2 24 | 7.3% | 5.8% | ||
| Q1 24 | 5.5% | 4.6% |
每股收益（稀释后）AMCRCE
| Q4 25 | $0.38 | $0.13 | ||
| Q3 25 | $0.11 | $-12.39 | ||
| Q2 25 | $-0.06 | $1.81 | ||
| Q1 25 | $0.14 | $-0.19 | ||
| Q4 24 | $0.11 | $-17.50 | ||
| Q3 24 | $0.13 | $1.06 | ||
| Q2 24 | $0.18 | $1.41 | ||
| Q1 24 | $0.13 | $1.10 |
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 | $1.1B | — |
| 总债务越低越好 | $14.6B | $11.4B |
| 股东权益账面价值 | $11.6B | $4.0B |
| 总资产 | $37.0B | $21.7B |
| 负债/权益比越低杠杆越低 | 1.26× | 2.81× |
8季度趋势，按日历期对齐
现金及短期投资AMCRCE
| Q4 25 | $1.1B | — | ||
| Q3 25 | $825.0M | — | ||
| Q2 25 | $827.0M | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $445.0M | — | ||
| Q3 24 | $432.0M | — | ||
| Q2 24 | $588.0M | — | ||
| Q1 24 | $457.0M | — |
总债务AMCRCE
| Q4 25 | $14.6B | $11.4B | ||
| Q3 25 | $12.8B | $11.7B | ||
| Q2 25 | $13.8B | $12.7B | ||
| Q1 25 | $8.6B | $12.4B | ||
| Q4 24 | $6.8B | $11.1B | ||
| Q3 24 | $7.2B | $11.3B | ||
| Q2 24 | $6.6B | $11.1B | ||
| Q1 24 | $7.1B | $11.0B |
股东权益AMCRCE
| Q4 25 | $11.6B | $4.0B | ||
| Q3 25 | $11.7B | $4.0B | ||
| Q2 25 | $11.7B | $5.3B | ||
| Q1 25 | $3.9B | $5.2B | ||
| Q4 24 | $3.8B | $5.2B | ||
| Q3 24 | $3.9B | $7.3B | ||
| Q2 24 | $3.9B | $7.2B | ||
| Q1 24 | $3.9B | $7.1B |
总资产AMCRCE
| Q4 25 | $37.0B | $21.7B | ||
| Q3 25 | $37.1B | $22.2B | ||
| Q2 25 | $37.1B | $23.7B | ||
| Q1 25 | $18.0B | $23.2B | ||
| Q4 24 | $16.2B | $22.9B | ||
| Q3 24 | $16.9B | $25.9B | ||
| Q2 24 | $16.5B | $25.8B | ||
| Q1 24 | $16.7B | $26.0B |
负债/权益比AMCRCE
| Q4 25 | 1.26× | 2.81× | ||
| Q3 25 | 1.09× | 2.95× | ||
| Q2 25 | 1.18× | 2.41× | ||
| Q1 25 | 2.24× | 2.39× | ||
| Q4 24 | 1.81× | 2.14× | ||
| Q3 24 | 1.83× | 1.56× | ||
| Q2 24 | 1.70× | 1.54× | ||
| Q1 24 | 1.79× | 1.56× |
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 | $503.0M | $252.0M |
| 自由现金流经营现金流 - 资本支出 | $282.0M | $168.0M |
| 自由现金流率自由现金流/营收 | 5.2% | 7.6% |
| 资本支出强度资本支出/营收 | 4.1% | 3.8% |
| 现金转化率经营现金流/净利润 | 2.84× | 18.00× |
| 过去12个月自由现金流最近4个季度 | $805.0M | $803.0M |
8季度趋势，按日历期对齐
经营现金流AMCRCE
| Q4 25 | $503.0M | $252.0M | ||
| Q3 25 | $-133.0M | $447.0M | ||
| Q2 25 | $1.1B | $410.0M | ||
| Q1 25 | $117.0M | $37.0M | ||
| Q4 24 | $428.0M | $494.0M | ||
| Q3 24 | $-269.0M | $79.0M | ||
| Q2 24 | $943.0M | $292.0M | ||
| Q1 24 | $150.0M | $101.0M |
自由现金流AMCRCE
| Q4 25 | $282.0M | $168.0M | ||
| Q3 25 | $-371.0M | $383.0M | ||
| Q2 25 | $894.0M | $317.0M | ||
| Q1 25 | $0 | $-65.0M | ||
| Q4 24 | $330.0M | $389.0M | ||
| Q3 24 | $-414.0M | $-9.0M | ||
| Q2 24 | $809.0M | $187.0M | ||
| Q1 24 | $37.0M | $-36.0M |
自由现金流率AMCRCE
| Q4 25 | 5.2% | 7.6% | ||
| Q3 25 | -6.5% | 15.8% | ||
| Q2 25 | 17.6% | 12.5% | ||
| Q1 25 | 0.0% | -2.7% | ||
| Q4 24 | 10.2% | 16.4% | ||
| Q3 24 | -12.3% | -0.3% | ||
| Q2 24 | 22.9% | 7.1% | ||
| Q1 24 | 1.1% | -1.4% |
资本支出强度AMCRCE
| Q4 25 | 4.1% | 3.8% | ||
| Q3 25 | 4.1% | 2.6% | ||
| Q2 25 | 4.3% | 3.7% | ||
| Q1 25 | 3.5% | 4.3% | ||
| Q4 24 | 3.0% | 4.4% | ||
| Q3 24 | 4.3% | 3.3% | ||
| Q2 24 | 3.8% | 4.0% | ||
| Q1 24 | 3.3% | 5.2% |
现金转化率AMCRCE
| Q4 25 | 2.84× | 18.00× | ||
| Q3 25 | -0.51× | — | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 2.63× | — | ||
| Q3 24 | -1.41× | 0.68× | ||
| Q2 24 | 3.67× | 1.88× | ||
| Q1 24 | 0.80× | 0.83× |
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
AMCR
| Flexibles Segment | $3.2B | 59% |
| Rigid Packaging Segment | $2.3B | 42% |
CE
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
