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塞拉尼斯（CE）与DoorDash（DASH）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是塞拉尼斯的1.8倍（$4.0B vs $2.2B），DoorDash净利率更高（5.4% vs 0.6%，领先4.8%），DoorDash同比增速更快（37.7% vs -7.0%），DoorDash自由现金流更多（$367.0M vs $168.0M），过去两年DoorDash的营收复合增速更高（25.5% 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。
DoorDash是美国头部在线订餐及配送平台，也是美国规模最大的外卖配送服务商，占据当地外卖配送市场56%的份额，便民配送品类市场占比更是高达60%。截至2020年12月31日，平台合作商户超45万家，服务消费者超2000万，注册配送员数量突破100万。
CE vs DASH — 直观对比
营收规模更大
DASH
是对方的1.8倍
$2.2B
营收增速更快
DASH
高出44.7%
-7.0%
净利率更高
DASH
高出4.8%
0.6%
自由现金流更多
DASH
多$199.0M
$168.0M
两年增速更快
DASH
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $4.0B |
| 净利润 | $14.0M | $213.0M |
| 毛利率 | 19.1% | — |
| 营业利润率 | 4.0% | 3.7% |
| 净利率 | 0.6% | 5.4% |
| 营收同比 | -7.0% | 37.7% |
| 净利润同比 | 100.7% | 51.1% |
| 每股收益（稀释后） | $0.13 | $0.49 |
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CEDASH
| Q4 25 | $2.2B | $4.0B | ||
| Q3 25 | $2.4B | $3.4B | ||
| Q2 25 | $2.5B | $3.3B | ||
| Q1 25 | $2.4B | $3.0B | ||
| Q4 24 | $2.4B | $2.9B | ||
| Q3 24 | $2.6B | $2.7B | ||
| Q2 24 | $2.7B | $2.6B | ||
| Q1 24 | $2.6B | $2.5B |
净利润CEDASH
| Q4 25 | $14.0M | $213.0M | ||
| Q3 25 | $-1.4B | $244.0M | ||
| Q2 25 | $199.0M | $285.0M | ||
| Q1 25 | $-21.0M | $193.0M | ||
| Q4 24 | $-1.9B | $141.0M | ||
| Q3 24 | $116.0M | $162.0M | ||
| Q2 24 | $155.0M | $-157.0M | ||
| Q1 24 | $121.0M | $-23.0M |
毛利率CEDASH
| 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% | — | ||
| Q1 24 | 21.2% | — |
营业利润率CEDASH
| Q4 25 | 4.0% | 3.7% | ||
| Q3 25 | -52.7% | 7.5% | ||
| Q2 25 | 9.2% | 5.0% | ||
| Q1 25 | 7.0% | 5.1% | ||
| Q4 24 | -59.3% | 4.1% | ||
| Q3 24 | 9.4% | 4.0% | ||
| Q2 24 | 9.4% | -7.6% | ||
| Q1 24 | 8.0% | -2.4% |
净利率CEDASH
| Q4 25 | 0.6% | 5.4% | ||
| Q3 25 | -56.1% | 7.1% | ||
| Q2 25 | 7.9% | 8.7% | ||
| Q1 25 | -0.9% | 6.4% | ||
| Q4 24 | -80.8% | 4.9% | ||
| Q3 24 | 4.4% | 6.0% | ||
| Q2 24 | 5.8% | -6.0% | ||
| Q1 24 | 4.6% | -0.9% |
每股收益（稀释后）CEDASH
| Q4 25 | $0.13 | $0.49 | ||
| Q3 25 | $-12.39 | $0.55 | ||
| Q2 25 | $1.81 | $0.65 | ||
| Q1 25 | $-0.19 | $0.44 | ||
| Q4 24 | $-17.50 | $0.35 | ||
| Q3 24 | $1.06 | $0.38 | ||
| Q2 24 | $1.41 | $-0.38 | ||
| Q1 24 | $1.10 | $-0.06 |
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 | — | $4.4B |
| 总债务越低越好 | $11.4B | — |
| 股东权益账面价值 | $4.0B | $10.0B |
| 总资产 | $21.7B | $19.7B |
| 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CEDASH
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.1B |
总债务CEDASH
| 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CEDASH
| Q4 25 | $4.0B | $10.0B | ||
| Q3 25 | $4.0B | $9.5B | ||
| Q2 25 | $5.3B | $8.9B | ||
| Q1 25 | $5.2B | $8.4B | ||
| Q4 24 | $5.2B | $7.8B | ||
| Q3 24 | $7.3B | $7.6B | ||
| Q2 24 | $7.2B | $7.2B | ||
| Q1 24 | $7.1B | $7.0B |
总资产CEDASH
| Q4 25 | $21.7B | $19.7B | ||
| Q3 25 | $22.2B | $18.0B | ||
| Q2 25 | $23.7B | $16.9B | ||
| Q1 25 | $23.2B | $13.6B | ||
| Q4 24 | $22.9B | $12.8B | ||
| Q3 24 | $25.9B | $12.3B | ||
| Q2 24 | $25.8B | $11.8B | ||
| Q1 24 | $26.0B | $11.4B |
负债/权益比CEDASH
| 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 | $252.0M | $421.0M |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $367.0M |
| 自由现金流率自由现金流/营收 | 7.6% | 9.3% |
| 资本支出强度资本支出/营收 | 3.8% | 1.4% |
| 现金转化率经营现金流/净利润 | 18.00× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $803.0M | $2.2B |
8季度趋势，按日历期对齐
经营现金流CEDASH
| Q4 25 | $252.0M | $421.0M | ||
| Q3 25 | $447.0M | $871.0M | ||
| Q2 25 | $410.0M | $504.0M | ||
| Q1 25 | $37.0M | $635.0M | ||
| Q4 24 | $494.0M | $518.0M | ||
| Q3 24 | $79.0M | $531.0M | ||
| Q2 24 | $292.0M | $530.0M | ||
| Q1 24 | $101.0M | $553.0M |
自由现金流CEDASH
| Q4 25 | $168.0M | $367.0M | ||
| Q3 25 | $383.0M | $808.0M | ||
| Q2 25 | $317.0M | $438.0M | ||
| Q1 25 | $-65.0M | $561.0M | ||
| Q4 24 | $389.0M | $486.0M | ||
| Q3 24 | $-9.0M | $499.0M | ||
| Q2 24 | $187.0M | $507.0M | ||
| Q1 24 | $-36.0M | $536.0M |
自由现金流率CEDASH
| Q4 25 | 7.6% | 9.3% | ||
| Q3 25 | 15.8% | 23.4% | ||
| Q2 25 | 12.5% | 13.3% | ||
| Q1 25 | -2.7% | 18.5% | ||
| Q4 24 | 16.4% | 16.9% | ||
| Q3 24 | -0.3% | 18.4% | ||
| Q2 24 | 7.1% | 19.3% | ||
| Q1 24 | -1.4% | 21.3% |
资本支出强度CEDASH
| Q4 25 | 3.8% | 1.4% | ||
| Q3 25 | 2.6% | 1.8% | ||
| Q2 25 | 3.7% | 2.0% | ||
| Q1 25 | 4.3% | 2.4% | ||
| Q4 24 | 4.4% | 1.1% | ||
| Q3 24 | 3.3% | 1.2% | ||
| Q2 24 | 4.0% | 0.9% | ||
| Q1 24 | 5.2% | 0.7% |
现金转化率CEDASH
| Q4 25 | 18.00× | 1.98× | ||
| Q3 25 | — | 3.57× | ||
| Q2 25 | 2.06× | 1.77× | ||
| Q1 25 | — | 3.29× | ||
| Q4 24 | — | 3.67× | ||
| Q3 24 | 0.68× | 3.28× | ||
| Q2 24 | 1.88× | — | ||
| Q1 24 | 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
CE
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
DASH
暂无分部数据
