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ACUITY INC. (DE)（AYI）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
塞拉尼斯的季度营收约是ACUITY INC. (DE)的1.9倍（$2.2B vs $1.1B），ACUITY INC. (DE)净利率更高（10.5% vs 0.6%，领先9.9%），ACUITY INC. (DE)同比增速更快（20.2% vs -7.0%），塞拉尼斯自由现金流更多（$168.0M vs $114.8M），过去两年ACUITY INC. (DE)的营收复合增速更高（12.4% vs -8.1%）
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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。
AYI vs CE — 直观对比
营收规模更大
CE
是对方的1.9倍
$1.1B
营收增速更快
AYI
高出27.2%
-7.0%
净利率更高
AYI
高出9.9%
0.6%
自由现金流更多
CE
多$53.2M
$114.8M
两年增速更快
AYI
近两年复合增速
-8.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.2B |
| 净利润 | $120.5M | $14.0M |
| 毛利率 | 48.4% | 19.1% |
| 营业利润率 | 14.0% | 4.0% |
| 净利率 | 10.5% | 0.6% |
| 营收同比 | 20.2% | -7.0% |
| 净利润同比 | 12.9% | 100.7% |
| 每股收益（稀释后） | $3.82 | $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AYICE
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $1.2B | $2.4B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.0B | $2.4B | ||
| Q4 24 | $951.6M | $2.4B | ||
| Q3 24 | $1.0B | $2.6B | ||
| Q2 24 | $968.1M | $2.7B | ||
| Q1 24 | $905.9M | $2.6B |
净利润AYICE
| Q4 25 | $120.5M | $14.0M | ||
| Q3 25 | $114.0M | $-1.4B | ||
| Q2 25 | $98.4M | $199.0M | ||
| Q1 25 | $77.5M | $-21.0M | ||
| Q4 24 | $106.7M | $-1.9B | ||
| Q3 24 | $118.9M | $116.0M | ||
| Q2 24 | $113.9M | $155.0M | ||
| Q1 24 | $89.2M | $121.0M |
毛利率AYICE
| Q4 25 | 48.4% | 19.1% | ||
| Q3 25 | 48.9% | 21.5% | ||
| Q2 25 | 48.4% | 21.1% | ||
| Q1 25 | 46.5% | 19.9% | ||
| Q4 24 | 47.2% | 22.7% | ||
| Q3 24 | 47.3% | 23.5% | ||
| Q2 24 | 46.7% | 24.2% | ||
| Q1 24 | 45.5% | 21.2% |
营业利润率AYICE
| Q4 25 | 14.0% | 4.0% | ||
| Q3 25 | 14.9% | -52.7% | ||
| Q2 25 | 11.9% | 9.2% | ||
| Q1 25 | 11.0% | 7.0% | ||
| Q4 24 | 14.0% | -59.3% | ||
| Q3 24 | 15.2% | 9.4% | ||
| Q2 24 | 15.0% | 9.4% | ||
| Q1 24 | 13.0% | 8.0% |
净利率AYICE
| Q4 25 | 10.5% | 0.6% | ||
| Q3 25 | 9.4% | -56.1% | ||
| Q2 25 | 8.3% | 7.9% | ||
| Q1 25 | 7.7% | -0.9% | ||
| Q4 24 | 11.2% | -80.8% | ||
| Q3 24 | 11.5% | 4.4% | ||
| Q2 24 | 11.8% | 5.8% | ||
| Q1 24 | 9.8% | 4.6% |
每股收益（稀释后）AYICE
| Q4 25 | $3.82 | $0.13 | ||
| Q3 25 | $3.61 | $-12.39 | ||
| Q2 25 | $3.12 | $1.81 | ||
| Q1 25 | $2.45 | $-0.19 | ||
| Q4 24 | $3.35 | $-17.50 | ||
| Q3 24 | $3.77 | $1.06 | ||
| Q2 24 | $3.62 | $1.41 | ||
| Q1 24 | $2.84 | $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 | $376.1M | — |
| 总债务越低越好 | — | $11.4B |
| 股东权益账面价值 | $2.8B | $4.0B |
| 总资产 | $4.7B | $21.7B |
| 负债/权益比越低杠杆越低 | — | 2.81× |
8季度趋势，按日历期对齐
现金及短期投资AYICE
| Q4 25 | $376.1M | — | ||
| Q3 25 | $422.5M | — | ||
| Q2 25 | $371.8M | — | ||
| Q1 25 | $397.9M | — | ||
| Q4 24 | $935.6M | — | ||
| Q3 24 | $845.8M | — | ||
| Q2 24 | $699.0M | — | ||
| Q1 24 | $578.9M | — |
总债务AYICE
| Q4 25 | — | $11.4B | ||
| Q3 25 | — | $11.7B | ||
| Q2 25 | — | $12.7B | ||
| Q1 25 | — | $12.4B | ||
| Q4 24 | — | $11.1B | ||
| Q3 24 | — | $11.3B | ||
| Q2 24 | — | $11.1B | ||
| Q1 24 | — | $11.0B |
股东权益AYICE
| Q4 25 | $2.8B | $4.0B | ||
| Q3 25 | $2.7B | $4.0B | ||
| Q2 25 | $2.6B | $5.3B | ||
| Q1 25 | $2.5B | $5.2B | ||
| Q4 24 | $2.5B | $5.2B | ||
| Q3 24 | $2.4B | $7.3B | ||
| Q2 24 | $2.3B | $7.2B | ||
| Q1 24 | $2.1B | $7.1B |
总资产AYICE
| Q4 25 | $4.7B | $21.7B | ||
| Q3 25 | $4.8B | $22.2B | ||
| Q2 25 | $4.6B | $23.7B | ||
| Q1 25 | $4.6B | $23.2B | ||
| Q4 24 | $3.9B | $22.9B | ||
| Q3 24 | $3.8B | $25.9B | ||
| Q2 24 | $3.6B | $25.8B | ||
| Q1 24 | $3.5B | $26.0B |
负债/权益比AYICE
| Q4 25 | — | 2.81× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | — | 2.39× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.54× | ||
| Q1 24 | — | 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 | $140.8M | $252.0M |
| 自由现金流经营现金流 - 资本支出 | $114.8M | $168.0M |
| 自由现金流率自由现金流/营收 | 10.0% | 7.6% |
| 资本支出强度资本支出/营收 | 2.3% | 3.8% |
| 现金转化率经营现金流/净利润 | 1.17× | 18.00× |
| 过去12个月自由现金流最近4个季度 | $534.5M | $803.0M |
8季度趋势，按日历期对齐
经营现金流AYICE
| Q4 25 | $140.8M | $252.0M | ||
| Q3 25 | $202.5M | $447.0M | ||
| Q2 25 | $207.3M | $410.0M | ||
| Q1 25 | $59.4M | $37.0M | ||
| Q4 24 | $132.2M | $494.0M | ||
| Q3 24 | $174.1M | $79.0M | ||
| Q2 24 | $152.5M | $292.0M | ||
| Q1 24 | $102.6M | $101.0M |
自由现金流AYICE
| Q4 25 | $114.8M | $168.0M | ||
| Q3 25 | $177.7M | $383.0M | ||
| Q2 25 | $192.3M | $317.0M | ||
| Q1 25 | $49.7M | $-65.0M | ||
| Q4 24 | $113.3M | $389.0M | ||
| Q3 24 | $151.1M | $-9.0M | ||
| Q2 24 | $140.5M | $187.0M | ||
| Q1 24 | $88.2M | $-36.0M |
自由现金流率AYICE
| Q4 25 | 10.0% | 7.6% | ||
| Q3 25 | 14.7% | 15.8% | ||
| Q2 25 | 16.3% | 12.5% | ||
| Q1 25 | 4.9% | -2.7% | ||
| Q4 24 | 11.9% | 16.4% | ||
| Q3 24 | 14.6% | -0.3% | ||
| Q2 24 | 14.5% | 7.1% | ||
| Q1 24 | 9.7% | -1.4% |
资本支出强度AYICE
| Q4 25 | 2.3% | 3.8% | ||
| Q3 25 | 2.1% | 2.6% | ||
| Q2 25 | 1.3% | 3.7% | ||
| Q1 25 | 1.0% | 4.3% | ||
| Q4 24 | 2.0% | 4.4% | ||
| Q3 24 | 2.2% | 3.3% | ||
| Q2 24 | 1.2% | 4.0% | ||
| Q1 24 | 1.6% | 5.2% |
现金转化率AYICE
| Q4 25 | 1.17× | 18.00× | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 2.11× | 2.06× | ||
| Q1 25 | 0.77× | — | ||
| Q4 24 | 1.24× | — | ||
| Q3 24 | 1.46× | 0.68× | ||
| Q2 24 | 1.34× | 1.88× | ||
| Q1 24 | 1.15× | 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
AYI
| Sales Channel Through Independent Sales Network | $616.7M | 54% |
| Acuity Intelligent Spaces | $248.1M | 22% |
| QSCLLC | $95.1M | 8% |
| Sales Channel Through Direct Sales Network | $70.6M | 6% |
| Sales Channel Through Original Equipment Manufacturer And Other | $49.1M | 4% |
| Sales Channel Through Corporate Accounts Network | $40.7M | 4% |
| Sales Channel Through Retail | $40.3M | 4% |
CE
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
