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塞拉尼斯（CE）与COMFORT SYSTEMS USA INC（FIX）财务数据对比。点击上方公司名可切换其他公司
COMFORT SYSTEMS USA INC的季度营收约是塞拉尼斯的1.1倍（$2.6B vs $2.3B），COMFORT SYSTEMS USA INC净利率更高（12.5% vs 2.1%，领先10.4%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs -2.2%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $3.0M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% 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。
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
CE vs FIX — 直观对比
营收规模更大
FIX
是对方的1.1倍
$2.3B
营收增速更快
FIX
高出43.8%
-2.2%
净利率更高
FIX
高出10.4%
2.1%
自由现金流更多
FIX
多$399.4M
$3.0M
两年增速更快
FIX
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.6B |
| 净利润 | $48.0M | $330.8M |
| 毛利率 | 20.0% | 25.5% |
| 营业利润率 | — | 16.1% |
| 净利率 | 2.1% | 12.5% |
| 营收同比 | -2.2% | 41.7% |
| 净利润同比 | 340.0% | 126.8% |
| 每股收益（稀释后） | $0.41 | $9.35 |
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CEFIX
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $2.6B | ||
| Q3 25 | $2.4B | $2.5B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.4B | $1.8B | ||
| Q4 24 | $2.4B | $1.9B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $2.7B | $1.8B |
净利润CEFIX
| Q1 26 | $48.0M | — | ||
| Q4 25 | $14.0M | $330.8M | ||
| Q3 25 | $-1.4B | $291.6M | ||
| Q2 25 | $199.0M | $230.8M | ||
| Q1 25 | $-21.0M | $169.3M | ||
| Q4 24 | $-1.9B | $145.9M | ||
| Q3 24 | $116.0M | $146.2M | ||
| Q2 24 | $155.0M | $134.0M |
毛利率CEFIX
| Q1 26 | 20.0% | — | ||
| Q4 25 | 19.1% | 25.5% | ||
| Q3 25 | 21.5% | 24.8% | ||
| Q2 25 | 21.1% | 23.5% | ||
| Q1 25 | 19.9% | 22.0% | ||
| Q4 24 | 22.7% | 23.2% | ||
| Q3 24 | 23.5% | 21.1% | ||
| Q2 24 | 24.2% | 20.1% |
营业利润率CEFIX
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 16.1% | ||
| Q3 25 | -52.7% | 15.5% | ||
| Q2 25 | 9.2% | 13.8% | ||
| Q1 25 | 7.0% | 11.4% | ||
| Q4 24 | -59.3% | 12.1% | ||
| Q3 24 | 9.4% | 11.2% | ||
| Q2 24 | 9.4% | 10.2% |
净利率CEFIX
| Q1 26 | 2.1% | — | ||
| Q4 25 | 0.6% | 12.5% | ||
| Q3 25 | -56.1% | 11.9% | ||
| Q2 25 | 7.9% | 10.6% | ||
| Q1 25 | -0.9% | 9.2% | ||
| Q4 24 | -80.8% | 7.8% | ||
| Q3 24 | 4.4% | 8.1% | ||
| Q2 24 | 5.8% | 7.4% |
每股收益（稀释后）CEFIX
| Q1 26 | $0.41 | — | ||
| Q4 25 | $0.13 | $9.35 | ||
| Q3 25 | $-12.39 | $8.25 | ||
| Q2 25 | $1.81 | $6.53 | ||
| Q1 25 | $-0.19 | $4.75 | ||
| Q4 24 | $-17.50 | $4.08 | ||
| Q3 24 | $1.06 | $4.09 | ||
| Q2 24 | $1.41 | $3.74 |
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 | $981.9M |
| 总债务越低越好 | — | $145.2M |
| 股东权益账面价值 | $4.5M | $2.4B |
| 总资产 | $21.7M | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资CEFIX
| Q1 26 | $1.8M | — | ||
| Q4 25 | — | $981.9M | ||
| Q3 25 | — | $860.5M | ||
| Q2 25 | — | $331.7M | ||
| Q1 25 | — | $204.8M | ||
| Q4 24 | — | $549.9M | ||
| Q3 24 | — | $415.6M | ||
| Q2 24 | — | $199.4M |
总债务CEFIX
| Q1 26 | — | — | ||
| Q4 25 | $11.4B | $145.2M | ||
| Q3 25 | $11.7B | $136.0M | ||
| Q2 25 | $12.7B | $73.0M | ||
| Q1 25 | $12.4B | $67.8M | ||
| Q4 24 | $11.1B | $68.3M | ||
| Q3 24 | $11.3B | $62.3M | ||
| Q2 24 | $11.1B | $73.4M |
股东权益CEFIX
| Q1 26 | $4.5M | — | ||
| Q4 25 | $4.0B | $2.4B | ||
| Q3 25 | $4.0B | $2.2B | ||
| Q2 25 | $5.3B | $2.0B | ||
| Q1 25 | $5.2B | $1.8B | ||
| Q4 24 | $5.2B | $1.7B | ||
| Q3 24 | $7.3B | $1.6B | ||
| Q2 24 | $7.2B | $1.5B |
总资产CEFIX
| Q1 26 | $21.7M | — | ||
| Q4 25 | $21.7B | $6.4B | ||
| Q3 25 | $22.2B | $5.8B | ||
| Q2 25 | $23.7B | $5.1B | ||
| Q1 25 | $23.2B | $4.6B | ||
| Q4 24 | $22.9B | $4.7B | ||
| Q3 24 | $25.9B | $4.4B | ||
| Q2 24 | $25.8B | $4.2B |
负债/权益比CEFIX
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 0.06× | ||
| Q3 25 | 2.95× | 0.06× | ||
| Q2 25 | 2.41× | 0.04× | ||
| Q1 25 | 2.39× | 0.04× | ||
| Q4 24 | 2.14× | 0.04× | ||
| Q3 24 | 1.56× | 0.04× | ||
| Q2 24 | 1.54× | 0.05× |
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 | — | $468.5M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $402.4M |
| 自由现金流率自由现金流/营收 | 0.1% | 15.2% |
| 资本支出强度资本支出/营收 | 2.8% | 2.5% |
| 现金转化率经营现金流/净利润 | — | 1.42× |
| 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CEFIX
| Q1 26 | — | — | ||
| Q4 25 | $252.0M | $468.5M | ||
| Q3 25 | $447.0M | $553.3M | ||
| Q2 25 | $410.0M | $252.5M | ||
| Q1 25 | $37.0M | $-88.0M | ||
| Q4 24 | $494.0M | $210.5M | ||
| Q3 24 | $79.0M | $302.2M | ||
| Q2 24 | $292.0M | $189.9M |
自由现金流CEFIX
| Q1 26 | $3.0M | — | ||
| Q4 25 | $168.0M | $402.4M | ||
| Q3 25 | $383.0M | $517.9M | ||
| Q2 25 | $317.0M | $221.2M | ||
| Q1 25 | $-65.0M | $-110.2M | ||
| Q4 24 | $389.0M | $169.8M | ||
| Q3 24 | $-9.0M | $280.1M | ||
| Q2 24 | $187.0M | $166.5M |
自由现金流率CEFIX
| Q1 26 | 0.1% | — | ||
| Q4 25 | 7.6% | 15.2% | ||
| Q3 25 | 15.8% | 21.1% | ||
| Q2 25 | 12.5% | 10.2% | ||
| Q1 25 | -2.7% | -6.0% | ||
| Q4 24 | 16.4% | 9.1% | ||
| Q3 24 | -0.3% | 15.5% | ||
| Q2 24 | 7.1% | 9.2% |
资本支出强度CEFIX
| Q1 26 | 2.8% | — | ||
| Q4 25 | 3.8% | 2.5% | ||
| Q3 25 | 2.6% | 1.4% | ||
| Q2 25 | 3.7% | 1.4% | ||
| Q1 25 | 4.3% | 1.2% | ||
| Q4 24 | 4.4% | 2.2% | ||
| Q3 24 | 3.3% | 1.2% | ||
| Q2 24 | 4.0% | 1.3% |
现金转化率CEFIX
| Q1 26 | — | — | ||
| Q4 25 | 18.00× | 1.42× | ||
| Q3 25 | — | 1.90× | ||
| Q2 25 | 2.06× | 1.09× | ||
| Q1 25 | — | -0.52× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | 0.68× | 2.07× | ||
| Q2 24 | 1.88× | 1.42× |
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
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
