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艾利丹尼森（AVY）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
艾利丹尼森的季度营收约是塞拉尼斯的1.0倍（$2.3B vs $2.2B）。艾利丹尼森净利率更高（7.3% vs 0.6%，领先6.7%）。艾利丹尼森同比增速更快（3.9% vs -7.0%）。艾利丹尼森自由现金流更多（$309.7M vs $168.0M）。过去两年艾利丹尼森的营收复合增速更高（2.7% vs -8.1%）
艾利丹尼森是总部位于美国俄亥俄州门托市的财富500强跨国企业，专业从事压敏胶材料、服装品牌标签吊牌、RFID嵌体及特种医疗产品的生产与分销，业务覆盖全球多个主要市场。
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。
AVY vs CE — 直观对比
营收规模更大
AVY
是对方的1.0倍
$2.2B
营收增速更快
AVY
高出10.9%
-7.0%
净利率更高
AVY
高出6.7%
0.6%
自由现金流更多
AVY
多$141.7M
$168.0M
两年增速更快
AVY
近两年复合增速
-8.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.2B |
| 净利润 | $166.4M | $14.0M |
| 毛利率 | 28.7% | 19.1% |
| 营业利润率 | 9.1% | 4.0% |
| 净利率 | 7.3% | 0.6% |
| 营收同比 | 3.9% | -7.0% |
| 净利润同比 | -4.4% | 100.7% |
| 每股收益（稀释后） | $2.16 | $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AVYCE
| Q4 25 | $2.3B | $2.2B | ||
| Q3 25 | $2.2B | $2.4B | ||
| Q2 25 | $2.2B | $2.5B | ||
| Q1 25 | $2.1B | $2.4B | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $2.2B | $2.6B | ||
| Q2 24 | $2.2B | $2.7B | ||
| Q1 24 | $2.2B | $2.6B |
净利润AVYCE
| Q4 25 | $166.4M | $14.0M | ||
| Q3 25 | $166.3M | $-1.4B | ||
| Q2 25 | $189.0M | $199.0M | ||
| Q1 25 | $166.3M | $-21.0M | ||
| Q4 24 | $174.0M | $-1.9B | ||
| Q3 24 | $181.7M | $116.0M | ||
| Q2 24 | $176.8M | $155.0M | ||
| Q1 24 | $172.4M | $121.0M |
毛利率AVYCE
| Q4 25 | 28.7% | 19.1% | ||
| Q3 25 | 28.7% | 21.5% | ||
| Q2 25 | 28.8% | 21.1% | ||
| Q1 25 | 28.9% | 19.9% | ||
| Q4 24 | 27.9% | 22.7% | ||
| Q3 24 | 28.7% | 23.5% | ||
| Q2 24 | 29.6% | 24.2% | ||
| Q1 24 | 29.4% | 21.2% |
营业利润率AVYCE
| Q4 25 | 9.1% | 4.0% | ||
| Q3 25 | 10.6% | -52.7% | ||
| Q2 25 | 11.5% | 9.2% | ||
| Q1 25 | 10.6% | 7.0% | ||
| Q4 24 | 11.0% | -59.3% | ||
| Q3 24 | 11.0% | 9.4% | ||
| Q2 24 | 10.7% | 9.4% | ||
| Q1 24 | 10.9% | 8.0% |
净利率AVYCE
| Q4 25 | 7.3% | 0.6% | ||
| Q3 25 | 7.5% | -56.1% | ||
| Q2 25 | 8.5% | 7.9% | ||
| Q1 25 | 7.7% | -0.9% | ||
| Q4 24 | 8.0% | -80.8% | ||
| Q3 24 | 8.3% | 4.4% | ||
| Q2 24 | 7.9% | 5.8% | ||
| Q1 24 | 8.0% | 4.6% |
每股收益（稀释后）AVYCE
| Q4 25 | $2.16 | $0.13 | ||
| Q3 25 | $2.13 | $-12.39 | ||
| Q2 25 | $2.41 | $1.81 | ||
| Q1 25 | $2.09 | $-0.19 | ||
| Q4 24 | $2.17 | $-17.50 | ||
| Q3 24 | $2.25 | $1.06 | ||
| Q2 24 | $2.18 | $1.41 | ||
| Q1 24 | $2.13 | $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 | $202.8M | — |
| 总债务越低越好 | $3.2B | $11.4B |
| 股东权益账面价值 | $2.2B | $4.0B |
| 总资产 | $8.8B | $21.7B |
| 负债/权益比越低杠杆越低 | 1.43× | 2.81× |
8季度趋势，按日历期对齐
现金及短期投资AVYCE
| Q4 25 | $202.8M | — | ||
| Q3 25 | $536.3M | — | ||
| Q2 25 | $215.9M | — | ||
| Q1 25 | $195.9M | — | ||
| Q4 24 | $329.1M | — | ||
| Q3 24 | $212.7M | — | ||
| Q2 24 | $208.8M | — | ||
| Q1 24 | $185.7M | — |
总债务AVYCE
| Q4 25 | $3.2B | $11.4B | ||
| Q3 25 | $3.2B | $11.7B | ||
| Q2 25 | $2.6B | $12.7B | ||
| Q1 25 | $2.6B | $12.4B | ||
| Q4 24 | $2.6B | $11.1B | ||
| Q3 24 | $2.0B | $11.3B | ||
| Q2 24 | $2.0B | $11.1B | ||
| Q1 24 | $2.1B | $11.0B |
股东权益AVYCE
| Q4 25 | $2.2B | $4.0B | ||
| Q3 25 | $2.2B | $4.0B | ||
| Q2 25 | $2.2B | $5.3B | ||
| Q1 25 | $2.2B | $5.2B | ||
| Q4 24 | $2.3B | $5.2B | ||
| Q3 24 | $2.4B | $7.3B | ||
| Q2 24 | $2.3B | $7.2B | ||
| Q1 24 | $2.2B | $7.1B |
总资产AVYCE
| Q4 25 | $8.8B | $21.7B | ||
| Q3 25 | $8.9B | $22.2B | ||
| Q2 25 | $8.6B | $23.7B | ||
| Q1 25 | $8.4B | $23.2B | ||
| Q4 24 | $8.4B | $22.9B | ||
| Q3 24 | $8.5B | $25.9B | ||
| Q2 24 | $8.3B | $25.8B | ||
| Q1 24 | $8.3B | $26.0B |
负债/权益比AVYCE
| Q4 25 | 1.43× | 2.81× | ||
| Q3 25 | 1.45× | 2.95× | ||
| Q2 25 | 1.19× | 2.41× | ||
| Q1 25 | 1.19× | 2.39× | ||
| Q4 24 | 1.11× | 2.14× | ||
| Q3 24 | 0.85× | 1.56× | ||
| Q2 24 | 0.89× | 1.54× | ||
| Q1 24 | 0.94× | 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 | $376.8M | $252.0M |
| 自由现金流经营现金流 - 资本支出 | $309.7M | $168.0M |
| 自由现金流率自由现金流/营收 | 13.6% | 7.6% |
| 资本支出强度资本支出/营收 | 3.0% | 3.8% |
| 现金转化率经营现金流/净利润 | 2.26× | 18.00× |
| 过去12个月自由现金流最近4个季度 | $712.4M | $803.0M |
8季度趋势，按日历期对齐
经营现金流AVYCE
| Q4 25 | $376.8M | $252.0M | ||
| Q3 25 | $312.1M | $447.0M | ||
| Q2 25 | $208.8M | $410.0M | ||
| Q1 25 | $-16.3M | $37.0M | ||
| Q4 24 | $351.2M | $494.0M | ||
| Q3 24 | $270.1M | $79.0M | ||
| Q2 24 | $197.7M | $292.0M | ||
| Q1 24 | $119.8M | $101.0M |
自由现金流AVYCE
| Q4 25 | $309.7M | $168.0M | ||
| Q3 25 | $276.2M | $383.0M | ||
| Q2 25 | $178.8M | $317.0M | ||
| Q1 25 | $-52.3M | $-65.0M | ||
| Q4 24 | $281.7M | $389.0M | ||
| Q3 24 | $227.1M | $-9.0M | ||
| Q2 24 | $150.2M | $187.0M | ||
| Q1 24 | $71.0M | $-36.0M |
自由现金流率AVYCE
| Q4 25 | 13.6% | 7.6% | ||
| Q3 25 | 12.5% | 15.8% | ||
| Q2 25 | 8.1% | 12.5% | ||
| Q1 25 | -2.4% | -2.7% | ||
| Q4 24 | 12.9% | 16.4% | ||
| Q3 24 | 10.4% | -0.3% | ||
| Q2 24 | 6.7% | 7.1% | ||
| Q1 24 | 3.3% | -1.4% |
资本支出强度AVYCE
| Q4 25 | 3.0% | 3.8% | ||
| Q3 25 | 1.6% | 2.6% | ||
| Q2 25 | 1.4% | 3.7% | ||
| Q1 25 | 1.7% | 4.3% | ||
| Q4 24 | 3.2% | 4.4% | ||
| Q3 24 | 2.0% | 3.3% | ||
| Q2 24 | 2.1% | 4.0% | ||
| Q1 24 | 2.3% | 5.2% |
现金转化率AVYCE
| Q4 25 | 2.26× | 18.00× | ||
| Q3 25 | 1.88× | — | ||
| Q2 25 | 1.10× | 2.06× | ||
| Q1 25 | -0.10× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.49× | 0.68× | ||
| Q2 24 | 1.12× | 1.88× | ||
| Q1 24 | 0.69× | 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
AVY
| Other | $1.1B | 47% |
| Materials Group Segment | $475.0M | 21% |
| Apparel And Other | $460.8M | 20% |
| Identification Solutions And Vestcom | $263.4M | 12% |
CE
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
