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塞拉尼斯（CE）与CSX Corporation（CSX）财务数据对比。点击上方公司名可切换其他公司
CSX Corporation的季度营收约是塞拉尼斯的1.6倍（$3.5B vs $2.2B），CSX Corporation净利率更高（23.2% vs 0.6%，领先22.5%），CSX Corporation同比增速更快（1.7% vs -7.0%），CSX Corporation自由现金流更多（$793.0M vs $168.0M），过去两年CSX Corporation的营收复合增速更高（-3.0% vs -8.1%）
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。
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
CE vs CSX — 直观对比
营收规模更大
CSX
是对方的1.6倍
$2.2B
营收增速更快
CSX
高出8.7%
-7.0%
净利率更高
CSX
高出22.5%
0.6%
自由现金流更多
CSX
多$625.0M
$168.0M
两年增速更快
CSX
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.5B |
| 净利润 | $14.0M | $807.0M |
| 毛利率 | 19.1% | — |
| 营业利润率 | 4.0% | 36.0% |
| 净利率 | 0.6% | 23.2% |
| 营收同比 | -7.0% | 1.7% |
| 净利润同比 | 100.7% | 24.9% |
| 每股收益（稀释后） | $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CECSX
| Q1 26 | — | $3.5B | ||
| Q4 25 | $2.2B | $3.5B | ||
| Q3 25 | $2.4B | $3.6B | ||
| Q2 25 | $2.5B | $3.6B | ||
| Q1 25 | $2.4B | $3.4B | ||
| Q4 24 | $2.4B | $3.5B | ||
| Q3 24 | $2.6B | $3.6B | ||
| Q2 24 | $2.7B | $3.7B |
净利润CECSX
| Q1 26 | — | $807.0M | ||
| Q4 25 | $14.0M | $720.0M | ||
| Q3 25 | $-1.4B | $694.0M | ||
| Q2 25 | $199.0M | $829.0M | ||
| Q1 25 | $-21.0M | $646.0M | ||
| Q4 24 | $-1.9B | $720.0M | ||
| Q3 24 | $116.0M | $894.0M | ||
| Q2 24 | $155.0M | $963.0M |
毛利率CECSX
| Q1 26 | — | — | ||
| Q4 25 | 19.1% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 19.9% | — | ||
| Q4 24 | 22.7% | — | ||
| Q3 24 | 23.5% | — | ||
| Q2 24 | 24.2% | — |
营业利润率CECSX
| Q1 26 | — | 36.0% | ||
| Q4 25 | 4.0% | 31.6% | ||
| Q3 25 | -52.7% | 30.3% | ||
| Q2 25 | 9.2% | 35.9% | ||
| Q1 25 | 7.0% | 30.4% | ||
| Q4 24 | -59.3% | 30.8% | ||
| Q3 24 | 9.4% | 37.4% | ||
| Q2 24 | 9.4% | 39.1% |
净利率CECSX
| Q1 26 | — | 23.2% | ||
| Q4 25 | 0.6% | 20.5% | ||
| Q3 25 | -56.1% | 19.3% | ||
| Q2 25 | 7.9% | 23.2% | ||
| Q1 25 | -0.9% | 18.9% | ||
| Q4 24 | -80.8% | 20.3% | ||
| Q3 24 | 4.4% | 24.7% | ||
| Q2 24 | 5.8% | 26.0% |
每股收益（稀释后）CECSX
| Q1 26 | — | — | ||
| Q4 25 | $0.13 | $0.39 | ||
| Q3 25 | $-12.39 | $0.37 | ||
| Q2 25 | $1.81 | $0.44 | ||
| Q1 25 | $-0.19 | $0.34 | ||
| Q4 24 | $-17.50 | $0.38 | ||
| Q3 24 | $1.06 | $0.46 | ||
| Q2 24 | $1.41 | $0.49 |
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 | — | $1.1B |
| 总债务越低越好 | $11.4B | $18.9B |
| 股东权益账面价值 | $4.0B | $13.6B |
| 总资产 | $21.7B | $44.2B |
| 负债/权益比越低杠杆越低 | 2.81× | 1.39× |
8季度趋势，按日历期对齐
现金及短期投资CECSX
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | $5.0M | ||
| Q3 25 | — | $6.0M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $8.0M | ||
| Q4 24 | — | $72.0M | ||
| Q3 24 | — | $12.0M | ||
| Q2 24 | — | $4.0M |
总债务CECSX
| Q1 26 | — | $18.9B | ||
| Q4 25 | $11.4B | $18.2B | ||
| Q3 25 | $11.7B | $18.6B | ||
| Q2 25 | $12.7B | $18.6B | ||
| Q1 25 | $12.4B | $18.5B | ||
| Q4 24 | $11.1B | $17.9B | ||
| Q3 24 | $11.3B | $18.5B | ||
| Q2 24 | $11.1B | $18.0B |
股东权益CECSX
| Q1 26 | — | $13.6B | ||
| Q4 25 | $4.0B | $13.2B | ||
| Q3 25 | $4.0B | $12.8B | ||
| Q2 25 | $5.3B | $12.4B | ||
| Q1 25 | $5.2B | $12.2B | ||
| Q4 24 | $5.2B | $12.5B | ||
| Q3 24 | $7.3B | $12.9B | ||
| Q2 24 | $7.2B | $12.6B |
总资产CECSX
| Q1 26 | — | $44.2B | ||
| Q4 25 | $21.7B | $43.7B | ||
| Q3 25 | $22.2B | $43.3B | ||
| Q2 25 | $23.7B | $42.9B | ||
| Q1 25 | $23.2B | $43.2B | ||
| Q4 24 | $22.9B | $42.8B | ||
| Q3 24 | $25.9B | $43.1B | ||
| Q2 24 | $25.8B | $42.4B |
负债/权益比CECSX
| Q1 26 | — | 1.39× | ||
| Q4 25 | 2.81× | 1.38× | ||
| Q3 25 | 2.95× | 1.45× | ||
| Q2 25 | 2.41× | 1.50× | ||
| Q1 25 | 2.39× | 1.52× | ||
| Q4 24 | 2.14× | 1.43× | ||
| Q3 24 | 1.56× | 1.43× | ||
| Q2 24 | 1.54× | 1.42× |
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 | $252.0M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $793.0M |
| 自由现金流率自由现金流/营收 | 7.6% | 22.8% |
| 资本支出强度资本支出/营收 | 3.8% | — |
| 现金转化率经营现金流/净利润 | 18.00× | 1.58× |
| 过去12个月自由现金流最近4个季度 | $803.0M | $2.0B |
8季度趋势，按日历期对齐
经营现金流CECSX
| Q1 26 | — | $1.3B | ||
| Q4 25 | $252.0M | $1.4B | ||
| Q3 25 | $447.0M | $1.3B | ||
| Q2 25 | $410.0M | $635.0M | ||
| Q1 25 | $37.0M | $1.3B | ||
| Q4 24 | $494.0M | $1.4B | ||
| Q3 24 | $79.0M | $1.7B | ||
| Q2 24 | $292.0M | $1.1B |
自由现金流CECSX
| Q1 26 | — | $793.0M | ||
| Q4 25 | $168.0M | $709.0M | ||
| Q3 25 | $383.0M | $607.0M | ||
| Q2 25 | $317.0M | $-141.0M | ||
| Q1 25 | $-65.0M | $536.0M | ||
| Q4 24 | $389.0M | $550.0M | ||
| Q3 24 | $-9.0M | $1.1B | ||
| Q2 24 | $187.0M | $547.0M |
自由现金流率CECSX
| Q1 26 | — | 22.8% | ||
| Q4 25 | 7.6% | 20.2% | ||
| Q3 25 | 15.8% | 16.9% | ||
| Q2 25 | 12.5% | -3.9% | ||
| Q1 25 | -2.7% | 15.7% | ||
| Q4 24 | 16.4% | 15.5% | ||
| Q3 24 | -0.3% | 29.3% | ||
| Q2 24 | 7.1% | 14.8% |
资本支出强度CECSX
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 19.3% | ||
| Q3 25 | 2.6% | 20.4% | ||
| Q2 25 | 3.7% | 21.7% | ||
| Q1 25 | 4.3% | 21.0% | ||
| Q4 24 | 4.4% | 23.7% | ||
| Q3 24 | 3.3% | 17.3% | ||
| Q2 24 | 4.0% | 14.6% |
现金转化率CECSX
| Q1 26 | — | 1.58× | ||
| Q4 25 | 18.00× | 1.93× | ||
| Q3 25 | — | 1.93× | ||
| Q2 25 | 2.06× | 0.77× | ||
| Q1 25 | — | 1.94× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | 0.68× | 1.89× | ||
| Q2 24 | 1.88× | 1.13× |
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
CE
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
CSX
暂无分部数据
