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波尔公司（BALL）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
波尔公司的季度营收约是塞拉尼斯的1.5倍（$3.3B vs $2.2B）。波尔公司净利率更高（6.0% vs 0.6%，领先5.3%）。波尔公司同比增速更快（16.2% vs -7.0%）。波尔公司自由现金流更多（$1.0B vs $168.0M）。过去两年波尔公司的营收复合增速更高（7.9% vs -8.1%）
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
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。
BALL vs CE — 直观对比
营收规模更大
BALL
是对方的1.5倍
$2.2B
营收增速更快
BALL
高出23.2%
-7.0%
净利率更高
BALL
高出5.3%
0.6%
自由现金流更多
BALL
多$873.0M
$168.0M
两年增速更快
BALL
近两年复合增速
-8.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.2B |
| 净利润 | $200.0M | $14.0M |
| 毛利率 | — | 19.1% |
| 营业利润率 | 7.2% | 4.0% |
| 净利率 | 6.0% | 0.6% |
| 营收同比 | 16.2% | -7.0% |
| 净利润同比 | 766.7% | 100.7% |
| 每股收益（稀释后） | $0.73 | $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BALLCE
| Q4 25 | $3.3B | $2.2B | ||
| Q3 25 | $3.4B | $2.4B | ||
| Q2 25 | $3.3B | $2.5B | ||
| Q1 25 | $3.1B | $2.4B | ||
| Q4 24 | $2.9B | $2.4B | ||
| Q3 24 | $3.1B | $2.6B | ||
| Q2 24 | $3.0B | $2.7B | ||
| Q1 24 | $2.9B | $2.6B |
净利润BALLCE
| Q4 25 | $200.0M | $14.0M | ||
| Q3 25 | $321.0M | $-1.4B | ||
| Q2 25 | $215.0M | $199.0M | ||
| Q1 25 | $179.0M | $-21.0M | ||
| Q4 24 | $-30.0M | $-1.9B | ||
| Q3 24 | $199.0M | $116.0M | ||
| Q2 24 | $159.0M | $155.0M | ||
| Q1 24 | $3.7B | $121.0M |
毛利率BALLCE
| Q4 25 | — | 19.1% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | — | 22.7% | ||
| Q3 24 | 17.7% | 23.5% | ||
| Q2 24 | 16.5% | 24.2% | ||
| Q1 24 | 16.6% | 21.2% |
营业利润率BALLCE
| Q4 25 | 7.2% | 4.0% | ||
| Q3 25 | 11.6% | -52.7% | ||
| Q2 25 | 8.0% | 9.2% | ||
| Q1 25 | 7.4% | 7.0% | ||
| Q4 24 | 0.2% | -59.3% | ||
| Q3 24 | 7.4% | 9.4% | ||
| Q2 24 | 6.8% | 9.4% | ||
| Q1 24 | 6.8% | 8.0% |
净利率BALLCE
| Q4 25 | 6.0% | 0.6% | ||
| Q3 25 | 9.5% | -56.1% | ||
| Q2 25 | 6.4% | 7.9% | ||
| Q1 25 | 5.8% | -0.9% | ||
| Q4 24 | -1.0% | -80.8% | ||
| Q3 24 | 6.5% | 4.4% | ||
| Q2 24 | 5.4% | 5.8% | ||
| Q1 24 | 128.3% | 4.6% |
每股收益（稀释后）BALLCE
| Q4 25 | $0.73 | $0.13 | ||
| Q3 25 | $1.18 | $-12.39 | ||
| Q2 25 | $0.76 | $1.81 | ||
| Q1 25 | $0.63 | $-0.19 | ||
| Q4 24 | $0.23 | $-17.50 | ||
| Q3 24 | $0.65 | $1.06 | ||
| Q2 24 | $0.51 | $1.41 | ||
| Q1 24 | $11.61 | $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 | $1.2B | — |
| 总债务越低越好 | $7.0B | $11.4B |
| 股东权益账面价值 | $5.4B | $4.0B |
| 总资产 | $19.5B | $21.7B |
| 负债/权益比越低杠杆越低 | 1.29× | 2.81× |
8季度趋势，按日历期对齐
现金及短期投资BALLCE
| Q4 25 | $1.2B | — | ||
| Q3 25 | $568.0M | — | ||
| Q2 25 | $296.0M | — | ||
| Q1 25 | $449.0M | — | ||
| Q4 24 | $885.0M | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.7B | — |
总债务BALLCE
| Q4 25 | $7.0B | $11.4B | ||
| Q3 25 | $6.9B | $11.7B | ||
| Q2 25 | $6.5B | $12.7B | ||
| Q1 25 | $6.1B | $12.4B | ||
| Q4 24 | $5.3B | $11.1B | ||
| Q3 24 | $5.4B | $11.3B | ||
| Q2 24 | $5.5B | $11.1B | ||
| Q1 24 | $5.5B | $11.0B |
股东权益BALLCE
| Q4 25 | $5.4B | $4.0B | ||
| Q3 25 | $5.4B | $4.0B | ||
| Q2 25 | $5.2B | $5.3B | ||
| Q1 25 | $5.5B | $5.2B | ||
| Q4 24 | $5.9B | $5.2B | ||
| Q3 24 | $6.7B | $7.3B | ||
| Q2 24 | $6.9B | $7.2B | ||
| Q1 24 | $7.3B | $7.1B |
总资产BALLCE
| Q4 25 | $19.5B | $21.7B | ||
| Q3 25 | $18.7B | $22.2B | ||
| Q2 25 | $18.6B | $23.7B | ||
| Q1 25 | $18.0B | $23.2B | ||
| Q4 24 | $17.6B | $22.9B | ||
| Q3 24 | $18.8B | $25.9B | ||
| Q2 24 | $19.0B | $25.8B | ||
| Q1 24 | $19.9B | $26.0B |
负债/权益比BALLCE
| Q4 25 | 1.29× | 2.81× | ||
| Q3 25 | 1.26× | 2.95× | ||
| Q2 25 | 1.24× | 2.41× | ||
| Q1 25 | 1.12× | 2.39× | ||
| Q4 24 | 0.91× | 2.14× | ||
| Q3 24 | 0.80× | 1.56× | ||
| Q2 24 | 0.80× | 1.54× | ||
| Q1 24 | 0.76× | 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 | $1.2B | $252.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $168.0M |
| 自由现金流率自由现金流/营收 | 31.1% | 7.6% |
| 资本支出强度资本支出/营收 | 5.1% | 3.8% |
| 现金转化率经营现金流/净利润 | 6.05× | 18.00× |
| 过去12个月自由现金流最近4个季度 | $788.0M | $803.0M |
8季度趋势，按日历期对齐
经营现金流BALLCE
| Q4 25 | $1.2B | $252.0M | ||
| Q3 25 | $384.0M | $447.0M | ||
| Q2 25 | $332.0M | $410.0M | ||
| Q1 25 | $-665.0M | $37.0M | ||
| Q4 24 | $500.0M | $494.0M | ||
| Q3 24 | $610.0M | $79.0M | ||
| Q2 24 | $252.0M | $292.0M | ||
| Q1 24 | $-1.2B | $101.0M |
自由现金流BALLCE
| Q4 25 | $1.0B | $168.0M | ||
| Q3 25 | $257.0M | $383.0M | ||
| Q2 25 | $236.0M | $317.0M | ||
| Q1 25 | $-746.0M | $-65.0M | ||
| Q4 24 | $393.0M | $389.0M | ||
| Q3 24 | $493.0M | $-9.0M | ||
| Q2 24 | $146.0M | $187.0M | ||
| Q1 24 | $-1.4B | $-36.0M |
自由现金流率BALLCE
| Q4 25 | 31.1% | 7.6% | ||
| Q3 25 | 7.6% | 15.8% | ||
| Q2 25 | 7.1% | 12.5% | ||
| Q1 25 | -24.1% | -2.7% | ||
| Q4 24 | 13.6% | 16.4% | ||
| Q3 24 | 16.0% | -0.3% | ||
| Q2 24 | 4.9% | 7.1% | ||
| Q1 24 | -48.7% | -1.4% |
资本支出强度BALLCE
| Q4 25 | 5.1% | 3.8% | ||
| Q3 25 | 3.8% | 2.6% | ||
| Q2 25 | 2.9% | 3.7% | ||
| Q1 25 | 2.6% | 4.3% | ||
| Q4 24 | 3.7% | 4.4% | ||
| Q3 24 | 3.8% | 3.3% | ||
| Q2 24 | 3.6% | 4.0% | ||
| Q1 24 | 5.4% | 5.2% |
现金转化率BALLCE
| Q4 25 | 6.05× | 18.00× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.54× | 2.06× | ||
| Q1 25 | -3.72× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.07× | 0.68× | ||
| Q2 24 | 1.58× | 1.88× | ||
| Q1 24 | -0.34× | 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
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
CE
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
