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Amentum Holdings, Inc.（AMTM）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
Amentum Holdings, Inc.的季度营收约是塞拉尼斯的1.5倍（$3.2B vs $2.2B），Amentum Holdings, Inc.净利率更高（1.4% vs 0.6%，领先0.7%），Amentum Holdings, Inc.同比增速更快（-5.2% vs -7.0%），塞拉尼斯自由现金流更多（$168.0M vs $-142.0M），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs -8.1%）
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
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。
AMTM vs CE — 直观对比
营收规模更大
AMTM
是对方的1.5倍
$2.2B
营收增速更快
AMTM
高出1.8%
-7.0%
净利率更高
AMTM
高出0.7%
0.6%
自由现金流更多
CE
多$310.0M
$-142.0M
两年增速更快
AMTM
近两年复合增速
-8.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $2.2B |
| 净利润 | $44.0M | $14.0M |
| 毛利率 | 10.1% | 19.1% |
| 营业利润率 | 4.3% | 4.0% |
| 净利率 | 1.4% | 0.6% |
| 营收同比 | -5.2% | -7.0% |
| 净利润同比 | 266.7% | 100.7% |
| 每股收益（稀释后） | $0.18 | $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AMTMCE
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.9B | $2.2B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | $3.6B | $2.5B | ||
| Q1 25 | $3.5B | $2.4B | ||
| Q4 24 | $3.4B | $2.4B | ||
| Q3 24 | $2.2B | $2.6B | ||
| Q2 24 | $2.1B | $2.7B |
净利润AMTMCE
| Q1 26 | $44.0M | — | ||
| Q4 25 | $40.0M | $14.0M | ||
| Q3 25 | — | $-1.4B | ||
| Q2 25 | $10.0M | $199.0M | ||
| Q1 25 | $4.0M | $-21.0M | ||
| Q4 24 | $12.0M | $-1.9B | ||
| Q3 24 | $26.0M | $116.0M | ||
| Q2 24 | $-26.0M | $155.0M |
毛利率AMTMCE
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | 19.1% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | 10.3% | 21.1% | ||
| Q1 25 | 10.5% | 19.9% | ||
| Q4 24 | 10.6% | 22.7% | ||
| Q3 24 | 9.0% | 23.5% | ||
| Q2 24 | 9.6% | 24.2% |
营业利润率AMTMCE
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | 4.0% | ||
| Q3 25 | — | -52.7% | ||
| Q2 25 | 2.9% | 9.2% | ||
| Q1 25 | 3.2% | 7.0% | ||
| Q4 24 | 3.9% | -59.3% | ||
| Q3 24 | 1.2% | 9.4% | ||
| Q2 24 | 4.2% | 9.4% |
净利率AMTMCE
| Q1 26 | 1.4% | — | ||
| Q4 25 | 1.0% | 0.6% | ||
| Q3 25 | — | -56.1% | ||
| Q2 25 | 0.3% | 7.9% | ||
| Q1 25 | 0.1% | -0.9% | ||
| Q4 24 | 0.4% | -80.8% | ||
| Q3 24 | 1.2% | 4.4% | ||
| Q2 24 | -1.2% | 5.8% |
每股收益（稀释后）AMTMCE
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.16 | $0.13 | ||
| Q3 25 | — | $-12.39 | ||
| Q2 25 | $0.04 | $1.81 | ||
| Q1 25 | $0.02 | $-0.19 | ||
| Q4 24 | $0.05 | $-17.50 | ||
| Q3 24 | $0.31 | $1.06 | ||
| Q2 24 | $-0.29 | $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 | $247.0M | — |
| 总债务越低越好 | $3.9B | $11.4B |
| 股东权益账面价值 | $4.6B | $4.0B |
| 总资产 | $11.2B | $21.7B |
| 负债/权益比越低杠杆越低 | 0.86× | 2.81× |
8季度趋势，按日历期对齐
现金及短期投资AMTMCE
| Q1 26 | $247.0M | — | ||
| Q4 25 | $437.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $738.0M | — | ||
| Q1 25 | $546.0M | — | ||
| Q4 24 | $522.0M | — | ||
| Q3 24 | $452.0M | — | ||
| Q2 24 | — | — |
总债务AMTMCE
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $11.4B | ||
| Q3 25 | — | $11.7B | ||
| Q2 25 | $4.5B | $12.7B | ||
| Q1 25 | $4.7B | $12.4B | ||
| Q4 24 | $4.7B | $11.1B | ||
| Q3 24 | $4.7B | $11.3B | ||
| Q2 24 | — | $11.1B |
股东权益AMTMCE
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.5B | $4.0B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | $4.5B | $5.3B | ||
| Q1 25 | $4.4B | $5.2B | ||
| Q4 24 | $4.5B | $5.2B | ||
| Q3 24 | $4.5B | $7.3B | ||
| Q2 24 | $303.0M | $7.2B |
总资产AMTMCE
| Q1 26 | $11.2B | — | ||
| Q4 25 | $11.5B | $21.7B | ||
| Q3 25 | — | $22.2B | ||
| Q2 25 | $11.8B | $23.7B | ||
| Q1 25 | $12.0B | $23.2B | ||
| Q4 24 | $11.9B | $22.9B | ||
| Q3 24 | $12.0B | $25.9B | ||
| Q2 24 | — | $25.8B |
负债/权益比AMTMCE
| Q1 26 | 0.86× | — | ||
| Q4 25 | 0.88× | 2.81× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | 1.01× | 2.41× | ||
| Q1 25 | 1.06× | 2.39× | ||
| Q4 24 | 1.05× | 2.14× | ||
| Q3 24 | 1.05× | 1.56× | ||
| Q2 24 | — | 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 | $-136.0M | $252.0M |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $168.0M |
| 自由现金流率自由现金流/营收 | -4.4% | 7.6% |
| 资本支出强度资本支出/营收 | 0.2% | 3.8% |
| 现金转化率经营现金流/净利润 | -3.09× | 18.00× |
| 过去12个月自由现金流最近4个季度 | $272.0M | $803.0M |
8季度趋势，按日历期对齐
经营现金流AMTMCE
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | $252.0M | ||
| Q3 25 | — | $447.0M | ||
| Q2 25 | $106.0M | $410.0M | ||
| Q1 25 | $57.0M | $37.0M | ||
| Q4 24 | $110.0M | $494.0M | ||
| Q3 24 | — | $79.0M | ||
| Q2 24 | — | $292.0M |
自由现金流AMTMCE
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | $168.0M | ||
| Q3 25 | — | $383.0M | ||
| Q2 25 | $100.0M | $317.0M | ||
| Q1 25 | $53.0M | $-65.0M | ||
| Q4 24 | $102.0M | $389.0M | ||
| Q3 24 | — | $-9.0M | ||
| Q2 24 | — | $187.0M |
自由现金流率AMTMCE
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | 7.6% | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | 2.8% | 12.5% | ||
| Q1 25 | 1.5% | -2.7% | ||
| Q4 24 | 3.0% | 16.4% | ||
| Q3 24 | — | -0.3% | ||
| Q2 24 | — | 7.1% |
资本支出强度AMTMCE
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 3.8% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | 0.2% | 3.7% | ||
| Q1 25 | 0.1% | 4.3% | ||
| Q4 24 | 0.2% | 4.4% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 4.0% |
现金转化率AMTMCE
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | 18.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.60× | 2.06× | ||
| Q1 25 | 14.25× | — | ||
| Q4 24 | 9.17× | — | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 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
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
CE
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
