vs
塞拉尼斯（CE）与FirstEnergy（FE）财务数据对比。点击上方公司名可切换其他公司
FirstEnergy的季度营收约是塞拉尼斯的1.6倍（$3.8B vs $2.3B），塞拉尼斯净利率更高（2.1% vs -1.3%，领先3.3%），FirstEnergy同比增速更快（19.6% vs -2.2%），塞拉尼斯自由现金流更多（$3.0M vs $-30.0M），过去两年FirstEnergy的营收复合增速更高（7.5% 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。
FirstEnergy Corp是总部位于美国俄亥俄州阿克伦市的电力公用事业企业，主营电力供应、电网运营相关业务，于1997年由俄亥俄爱迪生公司与森特里奥尔能源公司合并组建，是美国中西部地区颇具影响力的公共事业服务商。
CE vs FE — 直观对比
营收规模更大
FE
是对方的1.6倍
$2.3B
营收增速更快
FE
高出21.7%
-2.2%
净利率更高
CE
高出3.3%
-1.3%
自由现金流更多
CE
多$33.0M
$-30.0M
两年增速更快
FE
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $3.8B |
| 净利润 | $48.0M | $-49.0M |
| 毛利率 | 20.0% | — |
| 营业利润率 | — | -0.6% |
| 净利率 | 2.1% | -1.3% |
| 营收同比 | -2.2% | 19.6% |
| 净利润同比 | 340.0% | -118.8% |
| 每股收益（稀释后） | $0.41 | $-0.08 |
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CEFE
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $3.8B | ||
| Q3 25 | $2.4B | $4.1B | ||
| Q2 25 | $2.5B | $3.4B | ||
| Q1 25 | $2.4B | $3.8B | ||
| Q4 24 | $2.4B | $3.2B | ||
| Q3 24 | $2.6B | $3.7B | ||
| Q2 24 | $2.7B | $3.3B |
净利润CEFE
| Q1 26 | $48.0M | — | ||
| Q4 25 | $14.0M | $-49.0M | ||
| Q3 25 | $-1.4B | $441.0M | ||
| Q2 25 | $199.0M | $268.0M | ||
| Q1 25 | $-21.0M | $360.0M | ||
| Q4 24 | $-1.9B | $261.0M | ||
| Q3 24 | $116.0M | $419.0M | ||
| Q2 24 | $155.0M | $45.0M |
毛利率CEFE
| 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% | — |
营业利润率CEFE
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | -0.6% | ||
| Q3 25 | -52.7% | 20.0% | ||
| Q2 25 | 9.2% | 19.1% | ||
| Q1 25 | 7.0% | 20.0% | ||
| Q4 24 | -59.3% | 19.3% | ||
| Q3 24 | 9.4% | 19.5% | ||
| Q2 24 | 9.4% | 12.9% |
净利率CEFE
| Q1 26 | 2.1% | — | ||
| Q4 25 | 0.6% | -1.3% | ||
| Q3 25 | -56.1% | 10.6% | ||
| Q2 25 | 7.9% | 7.9% | ||
| Q1 25 | -0.9% | 9.6% | ||
| Q4 24 | -80.8% | 8.2% | ||
| Q3 24 | 4.4% | 11.2% | ||
| Q2 24 | 5.8% | 1.4% |
每股收益（稀释后）CEFE
| Q1 26 | $0.41 | — | ||
| Q4 25 | $0.13 | $-0.08 | ||
| Q3 25 | $-12.39 | $0.76 | ||
| Q2 25 | $1.81 | $0.46 | ||
| Q1 25 | $-0.19 | $0.62 | ||
| Q4 24 | $-17.50 | $0.45 | ||
| Q3 24 | $1.06 | $0.73 | ||
| Q2 24 | $1.41 | $0.08 |
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 | $57.0M |
| 总债务越低越好 | — | $25.5B |
| 股东权益账面价值 | $4.5M | $12.5B |
| 总资产 | $21.7M | $55.9B |
| 负债/权益比越低杠杆越低 | — | 2.04× |
8季度趋势，按日历期对齐
现金及短期投资CEFE
| Q1 26 | $1.8M | — | ||
| Q4 25 | — | $57.0M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $569.0M | ||
| Q1 25 | — | $132.0M | ||
| Q4 24 | — | $111.0M | ||
| Q3 24 | — | $439.0M | ||
| Q2 24 | — | $60.0M |
总债务CEFE
| Q1 26 | — | — | ||
| Q4 25 | $11.4B | $25.5B | ||
| Q3 25 | $11.7B | $25.5B | ||
| Q2 25 | $12.7B | $23.7B | ||
| Q1 25 | $12.4B | $21.2B | ||
| Q4 24 | $11.1B | $22.5B | ||
| Q3 24 | $11.3B | $21.6B | ||
| Q2 24 | $11.1B | $20.8B |
股东权益CEFE
| Q1 26 | $4.5M | — | ||
| Q4 25 | $4.0B | $12.5B | ||
| Q3 25 | $4.0B | $12.8B | ||
| Q2 25 | $5.3B | $12.9B | ||
| Q1 25 | $5.2B | $12.6B | ||
| Q4 24 | $5.2B | $12.5B | ||
| Q3 24 | $7.3B | $12.4B | ||
| Q2 24 | $7.2B | $12.5B |
总资产CEFE
| Q1 26 | $21.7M | — | ||
| Q4 25 | $21.7B | $55.9B | ||
| Q3 25 | $22.2B | $55.9B | ||
| Q2 25 | $23.7B | $54.2B | ||
| Q1 25 | $23.2B | $52.8B | ||
| Q4 24 | $22.9B | $52.0B | ||
| Q3 24 | $25.9B | $50.8B | ||
| Q2 24 | $25.8B | $51.0B |
负债/权益比CEFE
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 2.04× | ||
| Q3 25 | 2.95× | 1.99× | ||
| Q2 25 | 2.41× | 1.85× | ||
| Q1 25 | 2.39× | 1.69× | ||
| Q4 24 | 2.14× | 1.81× | ||
| Q3 24 | 1.56× | 1.74× | ||
| Q2 24 | 1.54× | 1.67× |
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 | — | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $-30.0M |
| 自由现金流率自由现金流/营收 | 0.1% | -0.8% |
| 资本支出强度资本支出/营收 | 2.8% | 30.7% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $871.0M | $-1.0B |
8季度趋势，按日历期对齐
经营现金流CEFE
| Q1 26 | — | — | ||
| Q4 25 | $252.0M | $1.1B | ||
| Q3 25 | $447.0M | $845.0M | ||
| Q2 25 | $410.0M | $1.1B | ||
| Q1 25 | $37.0M | $637.0M | ||
| Q4 24 | $494.0M | $1.0B | ||
| Q3 24 | $79.0M | $775.0M | ||
| Q2 24 | $292.0M | $1.1B |
自由现金流CEFE
| Q1 26 | $3.0M | — | ||
| Q4 25 | $168.0M | $-30.0M | ||
| Q3 25 | $383.0M | $-471.0M | ||
| Q2 25 | $317.0M | $-136.0M | ||
| Q1 25 | $-65.0M | $-368.0M | ||
| Q4 24 | $389.0M | $-250.0M | ||
| Q3 24 | $-9.0M | $-229.0M | ||
| Q2 24 | $187.0M | $170.0M |
自由现金流率CEFE
| Q1 26 | 0.1% | — | ||
| Q4 25 | 7.6% | -0.8% | ||
| Q3 25 | 15.8% | -11.4% | ||
| Q2 25 | 12.5% | -4.0% | ||
| Q1 25 | -2.7% | -9.8% | ||
| Q4 24 | 16.4% | -7.9% | ||
| Q3 24 | -0.3% | -6.1% | ||
| Q2 24 | 7.1% | 5.2% |
资本支出强度CEFE
| Q1 26 | 2.8% | — | ||
| Q4 25 | 3.8% | 30.7% | ||
| Q3 25 | 2.6% | 31.7% | ||
| Q2 25 | 3.7% | 36.0% | ||
| Q1 25 | 4.3% | 26.7% | ||
| Q4 24 | 4.4% | 40.7% | ||
| Q3 24 | 3.3% | 26.9% | ||
| Q2 24 | 4.0% | 28.7% |
现金转化率CEFE
| Q1 26 | — | — | ||
| Q4 25 | 18.00× | — | ||
| Q3 25 | — | 1.92× | ||
| Q2 25 | 2.06× | 4.04× | ||
| Q1 25 | — | 1.77× | ||
| Q4 24 | — | 4.00× | ||
| Q3 24 | 0.68× | 1.85× | ||
| Q2 24 | 1.88× | 24.71× |
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
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 0% |
