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塞拉尼斯（CE）与Fastenal（FAST）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Fastenal的1.1倍（$2.2B vs $2.0B），Fastenal净利率更高（14.5% vs 0.6%，领先13.9%），Fastenal同比增速更快（3.5% vs -7.0%），Fastenal自由现金流更多（$308.2M vs $168.0M），过去两年Fastenal的营收复合增速更高（2.9% 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。
Fastenal是1967年成立的美国上市企业，总部位于明尼苏达州威诺纳，是北美最大的紧固件分销商，同时也是工业和建筑用品的主流供应商，可提供货柜备货、智能售货柜、库存管理、物流配送等一站式供应链解决方案。
CE vs FAST — 直观对比
营收规模更大
CE
是对方的1.1倍
$2.0B
营收增速更快
FAST
高出10.5%
-7.0%
净利率更高
FAST
高出13.9%
0.6%
自由现金流更多
FAST
多$140.2M
$168.0M
两年增速更快
FAST
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.0B |
| 净利润 | $14.0M | $293.9M |
| 毛利率 | 19.1% | 44.3% |
| 营业利润率 | 4.0% | 18.9% |
| 净利率 | 0.6% | 14.5% |
| 营收同比 | -7.0% | 3.5% |
| 净利润同比 | 100.7% | -1.6% |
| 每股收益（稀释后） | $0.13 | $-0.01 |
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CEFAST
| Q1 26 | — | $2.0B | ||
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.4B | $2.1B | ||
| Q2 25 | $2.5B | $2.1B | ||
| Q1 25 | $2.4B | $2.0B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.7B | $1.9B |
净利润CEFAST
| Q1 26 | — | $293.9M | ||
| Q4 25 | $14.0M | $293.9M | ||
| Q3 25 | $-1.4B | $335.5M | ||
| Q2 25 | $199.0M | $330.3M | ||
| Q1 25 | $-21.0M | $298.7M | ||
| Q4 24 | $-1.9B | $262.1M | ||
| Q3 24 | $116.0M | $298.1M | ||
| Q2 24 | $155.0M | $292.7M |
毛利率CEFAST
| Q1 26 | — | 44.3% | ||
| Q4 25 | 19.1% | 44.3% | ||
| Q3 25 | 21.5% | 45.3% | ||
| Q2 25 | 21.1% | 45.3% | ||
| Q1 25 | 19.9% | 45.1% | ||
| Q4 24 | 22.7% | 44.8% | ||
| Q3 24 | 23.5% | 44.9% | ||
| Q2 24 | 24.2% | 45.1% |
营业利润率CEFAST
| Q1 26 | — | 18.9% | ||
| Q4 25 | 4.0% | 18.9% | ||
| Q3 25 | -52.7% | 20.7% | ||
| Q2 25 | 9.2% | 21.0% | ||
| Q1 25 | 7.0% | 20.1% | ||
| Q4 24 | -59.3% | 18.9% | ||
| Q3 24 | 9.4% | 20.3% | ||
| Q2 24 | 9.4% | 20.2% |
净利率CEFAST
| Q1 26 | — | 14.5% | ||
| Q4 25 | 0.6% | 14.5% | ||
| Q3 25 | -56.1% | 15.7% | ||
| Q2 25 | 7.9% | 15.9% | ||
| Q1 25 | -0.9% | 15.2% | ||
| Q4 24 | -80.8% | 14.4% | ||
| Q3 24 | 4.4% | 15.6% | ||
| Q2 24 | 5.8% | 15.3% |
每股收益（稀释后）CEFAST
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $0.13 | $-0.01 | ||
| Q3 25 | $-12.39 | $0.29 | ||
| Q2 25 | $1.81 | $0.29 | ||
| Q1 25 | $-0.19 | $0.52 | ||
| Q4 24 | $-17.50 | $0.45 | ||
| Q3 24 | $1.06 | $0.52 | ||
| Q2 24 | $1.41 | $0.51 |
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 | — | $276.8M |
| 总债务越低越好 | $11.4B | $125.0M |
| 股东权益账面价值 | $4.0B | $3.9B |
| 总资产 | $21.7B | $5.1B |
| 负债/权益比越低杠杆越低 | 2.81× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资CEFAST
| Q1 26 | — | $276.8M | ||
| Q4 25 | — | $276.8M | ||
| Q3 25 | — | $288.1M | ||
| Q2 25 | — | $237.8M | ||
| Q1 25 | — | $231.8M | ||
| Q4 24 | — | $255.8M | ||
| Q3 24 | — | $292.2M | ||
| Q2 24 | — | $255.5M |
总债务CEFAST
| Q1 26 | — | $125.0M | ||
| Q4 25 | $11.4B | $125.0M | ||
| Q3 25 | $11.7B | $195.0M | ||
| Q2 25 | $12.7B | $230.0M | ||
| Q1 25 | $12.4B | $200.0M | ||
| Q4 24 | $11.1B | $200.0M | ||
| Q3 24 | $11.3B | $240.0M | ||
| Q2 24 | $11.1B | $235.0M |
股东权益CEFAST
| Q1 26 | — | $3.9B | ||
| Q4 25 | $4.0B | $3.9B | ||
| Q3 25 | $4.0B | $3.9B | ||
| Q2 25 | $5.3B | $3.8B | ||
| Q1 25 | $5.2B | $3.7B | ||
| Q4 24 | $5.2B | $3.6B | ||
| Q3 24 | $7.3B | $3.6B | ||
| Q2 24 | $7.2B | $3.5B |
总资产CEFAST
| Q1 26 | — | $5.1B | ||
| Q4 25 | $21.7B | $5.1B | ||
| Q3 25 | $22.2B | $5.1B | ||
| Q2 25 | $23.7B | $5.0B | ||
| Q1 25 | $23.2B | $4.9B | ||
| Q4 24 | $22.9B | $4.7B | ||
| Q3 24 | $25.9B | $4.7B | ||
| Q2 24 | $25.8B | $4.6B |
负债/权益比CEFAST
| Q1 26 | — | 0.03× | ||
| Q4 25 | 2.81× | 0.03× | ||
| Q3 25 | 2.95× | 0.05× | ||
| Q2 25 | 2.41× | 0.06× | ||
| Q1 25 | 2.39× | 0.05× | ||
| Q4 24 | 2.14× | 0.06× | ||
| Q3 24 | 1.56× | 0.07× | ||
| Q2 24 | 1.54× | 0.07× |
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 | $368.2M |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $308.2M |
| 自由现金流率自由现金流/营收 | 7.6% | 15.2% |
| 资本支出强度资本支出/营收 | 3.8% | 3.0% |
| 现金转化率经营现金流/净利润 | 18.00× | 1.25× |
| 过去12个月自由现金流最近4个季度 | $803.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流CEFAST
| Q1 26 | — | $368.2M | ||
| Q4 25 | $252.0M | $368.2M | ||
| Q3 25 | $447.0M | $386.9M | ||
| Q2 25 | $410.0M | $278.6M | ||
| Q1 25 | $37.0M | $262.2M | ||
| Q4 24 | $494.0M | $282.8M | ||
| Q3 24 | $79.0M | $296.9M | ||
| Q2 24 | $292.0M | $258.0M |
自由现金流CEFAST
| Q1 26 | — | $308.2M | ||
| Q4 25 | $168.0M | $308.2M | ||
| Q3 25 | $383.0M | $326.6M | ||
| Q2 25 | $317.0M | $209.3M | ||
| Q1 25 | $-65.0M | $206.5M | ||
| Q4 24 | $389.0M | $222.6M | ||
| Q3 24 | $-9.0M | $237.5M | ||
| Q2 24 | $187.0M | $201.9M |
自由现金流率CEFAST
| Q1 26 | — | 15.2% | ||
| Q4 25 | 7.6% | 15.2% | ||
| Q3 25 | 15.8% | 15.3% | ||
| Q2 25 | 12.5% | 10.1% | ||
| Q1 25 | -2.7% | 10.5% | ||
| Q4 24 | 16.4% | 12.2% | ||
| Q3 24 | -0.3% | 12.4% | ||
| Q2 24 | 7.1% | 10.5% |
资本支出强度CEFAST
| Q1 26 | — | 3.0% | ||
| Q4 25 | 3.8% | 3.0% | ||
| Q3 25 | 2.6% | 2.8% | ||
| Q2 25 | 3.7% | 3.3% | ||
| Q1 25 | 4.3% | 2.8% | ||
| Q4 24 | 4.4% | 3.3% | ||
| Q3 24 | 3.3% | 3.1% | ||
| Q2 24 | 4.0% | 2.9% |
现金转化率CEFAST
| Q1 26 | — | 1.25× | ||
| Q4 25 | 18.00× | 1.25× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | 2.06× | 0.84× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | 1.08× | ||
| Q3 24 | 0.68× | 1.00× | ||
| Q2 24 | 1.88× | 0.88× |
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% |
FAST
| Reportable Segment Aggregation Before Other Operating Segment | $1.8B | 90% |
| Other | $211.2M | 10% |
