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塞拉尼斯（CE）与Dream Finders Homes, Inc.（DFH）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Dream Finders Homes, Inc.的1.9倍（$2.3B vs $1.2B），Dream Finders Homes, Inc.净利率更高（4.8% vs 2.1%，领先2.8%），塞拉尼斯同比增速更快（-2.2% vs -22.3%），Dream Finders Homes, Inc.自由现金流更多（$136.0M vs $3.0M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs -6.1%）
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。
美国住宅建筑商Dream Finders Homes主要建造并销售独栋住宅、联排别墅等覆盖入门级到高端档次的居住物业，业务布局美国多个高速增长区域，同时为购房者提供按揭融资、产权保险、房屋保修等配套服务，覆盖各类客户群体。
CE vs DFH — 直观对比
营收规模更大
CE
是对方的1.9倍
$1.2B
营收增速更快
CE
高出20.1%
-22.3%
净利率更高
DFH
高出2.8%
2.1%
自由现金流更多
DFH
多$133.0M
$3.0M
两年增速更快
DFH
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.2B |
| 净利润 | $48.0M | $58.8M |
| 毛利率 | 20.0% | — |
| 营业利润率 | — | 6.4% |
| 净利率 | 2.1% | 4.8% |
| 营收同比 | -2.2% | -22.3% |
| 净利润同比 | 340.0% | -54.9% |
| 每股收益（稀释后） | $0.41 | $0.57 |
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CEDFH
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.4B | $969.8M | ||
| Q2 25 | $2.5B | $1.2B | ||
| Q1 25 | $2.4B | $989.9M | ||
| Q4 24 | $2.4B | $1.6B | ||
| Q3 24 | $2.6B | $1.0B | ||
| Q2 24 | $2.7B | $1.1B |
净利润CEDFH
| Q1 26 | $48.0M | — | ||
| Q4 25 | $14.0M | $58.8M | ||
| Q3 25 | $-1.4B | $47.0M | ||
| Q2 25 | $199.0M | $56.6M | ||
| Q1 25 | $-21.0M | $54.9M | ||
| Q4 24 | $-1.9B | $130.5M | ||
| Q3 24 | $116.0M | $70.7M | ||
| Q2 24 | $155.0M | $80.9M |
毛利率CEDFH
| Q1 26 | 20.0% | — | ||
| 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% | 19.2% |
营业利润率CEDFH
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 6.4% | ||
| Q3 25 | -52.7% | 6.3% | ||
| Q2 25 | 9.2% | 6.4% | ||
| Q1 25 | 7.0% | 7.2% | ||
| Q4 24 | -59.3% | 10.8% | ||
| Q3 24 | 9.4% | 9.2% | ||
| Q2 24 | 9.4% | 10.0% |
净利率CEDFH
| Q1 26 | 2.1% | — | ||
| Q4 25 | 0.6% | 4.8% | ||
| Q3 25 | -56.1% | 4.8% | ||
| Q2 25 | 7.9% | 4.9% | ||
| Q1 25 | -0.9% | 5.5% | ||
| Q4 24 | -80.8% | 8.4% | ||
| Q3 24 | 4.4% | 7.0% | ||
| Q2 24 | 5.8% | 7.7% |
每股收益（稀释后）CEDFH
| Q1 26 | $0.41 | — | ||
| Q4 25 | $0.13 | $0.57 | ||
| Q3 25 | $-12.39 | $0.47 | ||
| Q2 25 | $1.81 | $0.56 | ||
| Q1 25 | $-0.19 | $0.54 | ||
| Q4 24 | $-17.50 | $1.28 | ||
| Q3 24 | $1.06 | $0.70 | ||
| Q2 24 | $1.41 | $0.81 |
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 | $1.8M | $234.8M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $4.5M | $1.4B |
| 总资产 | $21.7M | $3.7B |
| 负债/权益比越低杠杆越低 | — | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资CEDFH
| Q1 26 | $1.8M | — | ||
| Q4 25 | — | $234.8M | ||
| Q3 25 | — | $251.0M | ||
| Q2 25 | — | $210.3M | ||
| Q1 25 | — | $297.5M | ||
| Q4 24 | — | $274.4M | ||
| Q3 24 | — | $204.9M | ||
| Q2 24 | — | $274.8M |
总债务CEDFH
| Q1 26 | — | — | ||
| Q4 25 | $11.4B | $1.6B | ||
| Q3 25 | $11.7B | $1.8B | ||
| Q2 25 | $12.7B | — | ||
| Q1 25 | $12.4B | — | ||
| Q4 24 | $11.1B | $1.3B | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.1B | — |
股东权益CEDFH
| Q1 26 | $4.5M | — | ||
| Q4 25 | $4.0B | $1.4B | ||
| Q3 25 | $4.0B | $1.4B | ||
| Q2 25 | $5.3B | $1.3B | ||
| Q1 25 | $5.2B | $1.3B | ||
| Q4 24 | $5.2B | $1.2B | ||
| Q3 24 | $7.3B | $1.1B | ||
| Q2 24 | $7.2B | $1.0B |
总资产CEDFH
| Q1 26 | $21.7M | — | ||
| Q4 25 | $21.7B | $3.7B | ||
| Q3 25 | $22.2B | $3.8B | ||
| Q2 25 | $23.7B | $3.7B | ||
| Q1 25 | $23.2B | $3.5B | ||
| Q4 24 | $22.9B | $3.3B | ||
| Q3 24 | $25.9B | $3.3B | ||
| Q2 24 | $25.8B | $3.0B |
负债/权益比CEDFH
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 1.13× | ||
| Q3 25 | 2.95× | 1.29× | ||
| Q2 25 | 2.41× | — | ||
| Q1 25 | 2.39× | — | ||
| Q4 24 | 2.14× | 1.03× | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.54× | — |
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 | — | $143.6M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $136.0M |
| 自由现金流率自由现金流/营收 | 0.1% | 11.2% |
| 资本支出强度资本支出/营收 | 2.8% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 2.44× |
| 过去12个月自由现金流最近4个季度 | $871.0M | $-126.4M |
8季度趋势，按日历期对齐
经营现金流CEDFH
| Q1 26 | — | — | ||
| Q4 25 | $252.0M | $143.6M | ||
| Q3 25 | $447.0M | $-131.0M | ||
| Q2 25 | $410.0M | $-68.5M | ||
| Q1 25 | $37.0M | $-44.7M | ||
| Q4 24 | $494.0M | $306.5M | ||
| Q3 24 | $79.0M | $-205.0M | ||
| Q2 24 | $292.0M | $-110.6M |
自由现金流CEDFH
| Q1 26 | $3.0M | — | ||
| Q4 25 | $168.0M | $136.0M | ||
| Q3 25 | $383.0M | $-135.7M | ||
| Q2 25 | $317.0M | $-78.8M | ||
| Q1 25 | $-65.0M | $-47.9M | ||
| Q4 24 | $389.0M | $302.6M | ||
| Q3 24 | $-9.0M | $-222.5M | ||
| Q2 24 | $187.0M | $-112.4M |
自由现金流率CEDFH
| Q1 26 | 0.1% | — | ||
| Q4 25 | 7.6% | 11.2% | ||
| Q3 25 | 15.8% | -14.0% | ||
| Q2 25 | 12.5% | -6.8% | ||
| Q1 25 | -2.7% | -4.8% | ||
| Q4 24 | 16.4% | 19.4% | ||
| Q3 24 | -0.3% | -22.1% | ||
| Q2 24 | 7.1% | -10.6% |
资本支出强度CEDFH
| Q1 26 | 2.8% | — | ||
| Q4 25 | 3.8% | 0.6% | ||
| Q3 25 | 2.6% | 0.5% | ||
| Q2 25 | 3.7% | 0.9% | ||
| Q1 25 | 4.3% | 0.3% | ||
| Q4 24 | 4.4% | 0.3% | ||
| Q3 24 | 3.3% | 1.7% | ||
| Q2 24 | 4.0% | 0.2% |
现金转化率CEDFH
| Q1 26 | — | — | ||
| Q4 25 | 18.00× | 2.44× | ||
| Q3 25 | — | -2.79× | ||
| Q2 25 | 2.06× | -1.21× | ||
| Q1 25 | — | -0.81× | ||
| Q4 24 | — | 2.35× | ||
| Q3 24 | 0.68× | -2.90× | ||
| Q2 24 | 1.88× | -1.37× |
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
暂无分部数据
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
