vs
科慕（CC）与希悦尔（SEE）财务数据对比。点击上方公司名可切换其他公司
希悦尔的季度营收约是科慕的1.0倍（$1.4B vs $1.3B），希悦尔净利率更高（3.1% vs -3.5%，领先6.7%），希悦尔同比增速更快（2.6% vs -2.1%），希悦尔自由现金流更多（$257.7M vs $92.0M），过去两年希悦尔的营收复合增速更高（2.7% vs -1.2%）
科慕公司是一家美国化工企业，2015年7月从杜邦分拆成立，总部位于美国特拉华州威尔明顿。公司主营产品包括具备不粘特性的知名品牌特氟龙（聚四氟乙烯PTFE）、二氧化钛以及制冷剂气体，在特种化工领域拥有深厚的技术积累。
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
CC vs SEE — 直观对比
营收规模更大
SEE
是对方的1.0倍
$1.3B
营收增速更快
SEE
高出4.7%
-2.1%
净利率更高
SEE
高出6.7%
-3.5%
自由现金流更多
SEE
多$165.7M
$92.0M
两年增速更快
SEE
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $-47.0M | $43.8M |
| 毛利率 | 11.7% | 28.6% |
| 营业利润率 | — | 11.4% |
| 净利率 | -3.5% | 3.1% |
| 营收同比 | -2.1% | 2.6% |
| 净利润同比 | -261.5% | 700.0% |
| 每股收益（稀释后） | $-0.32 | $0.30 |
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CCSEE
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.6B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.4B | $1.3B |
净利润CCSEE
| Q4 25 | $-47.0M | $43.8M | ||
| Q3 25 | $46.0M | $255.1M | ||
| Q2 25 | $-380.0M | $93.1M | ||
| Q1 25 | $-5.0M | $113.5M | ||
| Q4 24 | $-13.0M | $-7.3M | ||
| Q3 24 | $-32.0M | $91.7M | ||
| Q2 24 | $60.0M | $98.3M | ||
| Q1 24 | $54.0M | $82.0M |
毛利率CCSEE
| Q4 25 | 11.7% | 28.6% | ||
| Q3 25 | 15.6% | 29.8% | ||
| Q2 25 | 17.2% | 30.7% | ||
| Q1 25 | 17.3% | 30.9% | ||
| Q4 24 | 19.4% | 30.0% | ||
| Q3 24 | 19.0% | 30.1% | ||
| Q2 24 | 19.8% | 31.2% | ||
| Q1 24 | 20.9% | 30.3% |
营业利润率CCSEE
| Q4 25 | — | 11.4% | ||
| Q3 25 | 2.5% | 13.8% | ||
| Q2 25 | -15.4% | 15.0% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | -0.1% | 11.7% | ||
| Q3 24 | -2.1% | 13.9% | ||
| Q2 24 | 4.4% | 15.4% | ||
| Q1 24 | 5.1% | 14.0% |
净利率CCSEE
| Q4 25 | -3.5% | 3.1% | ||
| Q3 25 | 3.1% | 19.0% | ||
| Q2 25 | -23.5% | 7.0% | ||
| Q1 25 | -0.4% | 9.0% | ||
| Q4 24 | -1.0% | -0.5% | ||
| Q3 24 | -2.1% | 6.9% | ||
| Q2 24 | 3.9% | 7.4% | ||
| Q1 24 | 4.0% | 6.2% |
每股收益（稀释后）CCSEE
| Q4 25 | $-0.32 | $0.30 | ||
| Q3 25 | $0.31 | $1.73 | ||
| Q2 25 | $-2.53 | $0.63 | ||
| Q1 25 | $-0.03 | $0.77 | ||
| Q4 24 | $-0.07 | $-0.05 | ||
| Q3 24 | $-0.22 | $0.63 | ||
| Q2 24 | $0.39 | $0.67 | ||
| Q1 24 | $0.36 | $0.56 |
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 | $670.0M | $344.0M |
| 总债务越低越好 | $4.1B | $3.3B |
| 股东权益账面价值 | $250.0M | $1.2B |
| 总资产 | $7.4B | $7.0B |
| 负债/权益比越低杠杆越低 | 16.40× | 2.65× |
8季度趋势，按日历期对齐
现金及短期投资CCSEE
| Q4 25 | $670.0M | $344.0M | ||
| Q3 25 | $613.0M | $282.5M | ||
| Q2 25 | $502.0M | $354.4M | ||
| Q1 25 | $464.0M | $335.2M | ||
| Q4 24 | $713.0M | $371.8M | ||
| Q3 24 | $596.0M | $386.0M | ||
| Q2 24 | $604.0M | $388.6M | ||
| Q1 24 | $746.0M | $352.8M |
总债务CCSEE
| Q4 25 | $4.1B | $3.3B | ||
| Q3 25 | $4.1B | $4.0B | ||
| Q2 25 | $4.1B | $4.0B | ||
| Q1 25 | $4.1B | $4.2B | ||
| Q4 24 | $4.1B | $4.2B | ||
| Q3 24 | $4.0B | $4.3B | ||
| Q2 24 | $4.0B | $4.4B | ||
| Q1 24 | $4.0B | $4.5B |
股东权益CCSEE
| Q4 25 | $250.0M | $1.2B | ||
| Q3 25 | $274.0M | $1.2B | ||
| Q2 25 | $228.0M | $953.1M | ||
| Q1 25 | $566.0M | $797.9M | ||
| Q4 24 | $571.0M | $624.5M | ||
| Q3 24 | $643.0M | $771.2M | ||
| Q2 24 | $714.0M | $650.1M | ||
| Q1 24 | $753.0M | $598.3M |
总资产CCSEE
| Q4 25 | $7.4B | $7.0B | ||
| Q3 25 | $7.5B | $7.1B | ||
| Q2 25 | $7.5B | $7.2B | ||
| Q1 25 | $7.4B | $7.0B | ||
| Q4 24 | $7.5B | $7.0B | ||
| Q3 24 | $7.5B | $7.3B | ||
| Q2 24 | $7.2B | $7.3B | ||
| Q1 24 | $8.0B | $7.2B |
负债/权益比CCSEE
| Q4 25 | 16.40× | 2.65× | ||
| Q3 25 | 14.96× | 3.34× | ||
| Q2 25 | 17.99× | 4.18× | ||
| Q1 25 | 7.18× | 5.26× | ||
| Q4 24 | 7.11× | 6.72× | ||
| Q3 24 | 6.20× | 5.62× | ||
| Q2 24 | 5.53× | 6.81× | ||
| Q1 24 | 5.27× | 7.49× |
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 | $137.0M | $293.6M |
| 自由现金流经营现金流 - 资本支出 | $92.0M | $257.7M |
| 自由现金流率自由现金流/营收 | 6.9% | 18.5% |
| 资本支出强度资本支出/营收 | 3.4% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 6.70× |
| 过去12个月自由现金流最近4个季度 | $51.0M | $458.5M |
8季度趋势，按日历期对齐
经营现金流CCSEE
| Q4 25 | $137.0M | $293.6M | ||
| Q3 25 | $146.0M | $165.9M | ||
| Q2 25 | $93.0M | $136.6M | ||
| Q1 25 | $-112.0M | $31.9M | ||
| Q4 24 | $138.0M | $244.2M | ||
| Q3 24 | $139.0M | $170.5M | ||
| Q2 24 | $-620.0M | $188.2M | ||
| Q1 24 | $-290.0M | $125.1M |
自由现金流CCSEE
| Q4 25 | $92.0M | $257.7M | ||
| Q3 25 | $105.0M | $119.6M | ||
| Q2 25 | $50.0M | $93.2M | ||
| Q1 25 | $-196.0M | $-12.0M | ||
| Q4 24 | $29.0M | $185.1M | ||
| Q3 24 | $63.0M | $115.2M | ||
| Q2 24 | $-693.0M | $129.5M | ||
| Q1 24 | $-392.0M | $78.0M |
自由现金流率CCSEE
| Q4 25 | 6.9% | 18.5% | ||
| Q3 25 | 7.0% | 8.9% | ||
| Q2 25 | 3.1% | 7.0% | ||
| Q1 25 | -14.3% | -0.9% | ||
| Q4 24 | 2.1% | 13.6% | ||
| Q3 24 | 4.2% | 8.6% | ||
| Q2 24 | -44.6% | 9.7% | ||
| Q1 24 | -28.8% | 5.9% |
资本支出强度CCSEE
| Q4 25 | 3.4% | 2.6% | ||
| Q3 25 | 2.7% | 3.4% | ||
| Q2 25 | 2.7% | 3.3% | ||
| Q1 25 | 6.1% | 3.5% | ||
| Q4 24 | 8.0% | 4.4% | ||
| Q3 24 | 5.0% | 4.1% | ||
| Q2 24 | 4.7% | 4.4% | ||
| Q1 24 | 7.5% | 3.6% |
现金转化率CCSEE
| Q4 25 | — | 6.70× | ||
| Q3 25 | 3.17× | 0.65× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | -10.33× | 1.91× | ||
| Q1 24 | -5.37× | 1.53× |
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
CC
| Titanium Technologies | $563.0M | 42% |
| Thermal And Specialized Solutions | $443.0M | 33% |
| Advanced Performance Materials | $312.0M | 23% |
| Other Non-Reportable Segment | $12.0M | 1% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
