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塞拉尼斯（CE）与Fabrinet（FN）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Fabrinet的1.9倍（$2.2B vs $1.1B），Fabrinet净利率更高（9.9% vs 0.6%，领先9.3%），Fabrinet同比增速更快（35.9% vs -7.0%），塞拉尼斯自由现金流更多（$168.0M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% 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。
Fabrinet（股票代码FN）为标普中型股400指数成分股。该指数由标普道琼斯指数公司维护，覆盖400家以美企为主的中等市值企业，若成分企业存在多类流通股，指数的成分股总量有时会超过400只。
CE vs FN — 直观对比
营收规模更大
CE
是对方的1.9倍
$1.1B
营收增速更快
FN
高出42.9%
-7.0%
净利率更高
FN
高出9.3%
0.6%
自由现金流更多
CE
多$173.3M
$-5.3M
两年增速更快
FN
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.1B |
| 净利润 | $14.0M | $112.6M |
| 毛利率 | 19.1% | 12.2% |
| 营业利润率 | 4.0% | 10.1% |
| 净利率 | 0.6% | 9.9% |
| 营收同比 | -7.0% | 35.9% |
| 净利润同比 | 100.7% | 30.0% |
| 每股收益（稀释后） | $0.13 | $3.11 |
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CEFN
| Q4 25 | $2.2B | $1.1B | ||
| Q3 25 | $2.4B | $978.1M | ||
| Q2 25 | $2.5B | $909.7M | ||
| Q1 25 | $2.4B | $871.8M | ||
| Q4 24 | $2.4B | $833.6M | ||
| Q3 24 | $2.6B | $804.2M | ||
| Q2 24 | $2.7B | $753.3M | ||
| Q1 24 | $2.6B | $731.5M |
净利润CEFN
| Q4 25 | $14.0M | $112.6M | ||
| Q3 25 | $-1.4B | $95.9M | ||
| Q2 25 | $199.0M | $87.2M | ||
| Q1 25 | $-21.0M | $81.3M | ||
| Q4 24 | $-1.9B | $86.6M | ||
| Q3 24 | $116.0M | $77.4M | ||
| Q2 24 | $155.0M | $81.1M | ||
| Q1 24 | $121.0M | $80.9M |
毛利率CEFN
| Q4 25 | 19.1% | 12.2% | ||
| Q3 25 | 21.5% | 11.9% | ||
| Q2 25 | 21.1% | 12.2% | ||
| Q1 25 | 19.9% | 11.7% | ||
| Q4 24 | 22.7% | 12.1% | ||
| Q3 24 | 23.5% | 12.3% | ||
| Q2 24 | 24.2% | 12.3% | ||
| Q1 24 | 21.2% | 12.4% |
营业利润率CEFN
| Q4 25 | 4.0% | 10.1% | ||
| Q3 25 | -52.7% | 9.6% | ||
| Q2 25 | 9.2% | 9.8% | ||
| Q1 25 | 7.0% | 9.0% | ||
| Q4 24 | -59.3% | 9.5% | ||
| Q3 24 | 9.4% | 9.6% | ||
| Q2 24 | 9.4% | 9.7% | ||
| Q1 24 | 8.0% | 9.7% |
净利率CEFN
| Q4 25 | 0.6% | 9.9% | ||
| Q3 25 | -56.1% | 9.8% | ||
| Q2 25 | 7.9% | 9.6% | ||
| Q1 25 | -0.9% | 9.3% | ||
| Q4 24 | -80.8% | 10.4% | ||
| Q3 24 | 4.4% | 9.6% | ||
| Q2 24 | 5.8% | 10.8% | ||
| Q1 24 | 4.6% | 11.1% |
每股收益（稀释后）CEFN
| Q4 25 | $0.13 | $3.11 | ||
| Q3 25 | $-12.39 | $2.66 | ||
| Q2 25 | $1.81 | $2.41 | ||
| Q1 25 | $-0.19 | $2.25 | ||
| Q4 24 | $-17.50 | $2.38 | ||
| Q3 24 | $1.06 | $2.13 | ||
| Q2 24 | $1.41 | $2.22 | ||
| Q1 24 | $1.10 | $2.21 |
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 | — | $960.8M |
| 总债务越低越好 | $11.4B | — |
| 股东权益账面价值 | $4.0B | $2.2B |
| 总资产 | $21.7B | $3.3B |
| 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CEFN
| Q4 25 | — | $960.8M | ||
| Q3 25 | — | $968.8M | ||
| Q2 25 | — | $934.2M | ||
| Q1 25 | — | $950.7M | ||
| Q4 24 | — | $934.6M | ||
| Q3 24 | — | $908.9M | ||
| Q2 24 | — | $858.6M | ||
| Q1 24 | — | $794.0M |
总债务CEFN
| 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CEFN
| Q4 25 | $4.0B | $2.2B | ||
| Q3 25 | $4.0B | $2.1B | ||
| Q2 25 | $5.3B | $2.0B | ||
| Q1 25 | $5.2B | $1.9B | ||
| Q4 24 | $5.2B | $1.8B | ||
| Q3 24 | $7.3B | $1.8B | ||
| Q2 24 | $7.2B | $1.7B | ||
| Q1 24 | $7.1B | $1.7B |
总资产CEFN
| Q4 25 | $21.7B | $3.3B | ||
| Q3 25 | $22.2B | $3.0B | ||
| Q2 25 | $23.7B | $2.8B | ||
| Q1 25 | $23.2B | $2.6B | ||
| Q4 24 | $22.9B | $2.5B | ||
| Q3 24 | $25.9B | $2.4B | ||
| Q2 24 | $25.8B | $2.3B | ||
| Q1 24 | $26.0B | $2.2B |
负债/权益比CEFN
| 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 | $46.3M |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $-5.3M |
| 自由现金流率自由现金流/营收 | 7.6% | -0.5% |
| 资本支出强度资本支出/营收 | 3.8% | 4.6% |
| 现金转化率经营现金流/净利润 | 18.00× | 0.41× |
| 过去12个月自由现金流最近4个季度 | $803.0M | $102.3M |
8季度趋势，按日历期对齐
经营现金流CEFN
| Q4 25 | $252.0M | $46.3M | ||
| Q3 25 | $447.0M | $102.6M | ||
| Q2 25 | $410.0M | $55.1M | ||
| Q1 25 | $37.0M | $74.2M | ||
| Q4 24 | $494.0M | $115.9M | ||
| Q3 24 | $79.0M | $83.2M | ||
| Q2 24 | $292.0M | $83.1M | ||
| Q1 24 | $101.0M | $100.9M |
自由现金流CEFN
| Q4 25 | $168.0M | $-5.3M | ||
| Q3 25 | $383.0M | $57.3M | ||
| Q2 25 | $317.0M | $4.7M | ||
| Q1 25 | $-65.0M | $45.7M | ||
| Q4 24 | $389.0M | $94.0M | ||
| Q3 24 | $-9.0M | $62.9M | ||
| Q2 24 | $187.0M | $70.4M | ||
| Q1 24 | $-36.0M | $87.3M |
自由现金流率CEFN
| Q4 25 | 7.6% | -0.5% | ||
| Q3 25 | 15.8% | 5.9% | ||
| Q2 25 | 12.5% | 0.5% | ||
| Q1 25 | -2.7% | 5.2% | ||
| Q4 24 | 16.4% | 11.3% | ||
| Q3 24 | -0.3% | 7.8% | ||
| Q2 24 | 7.1% | 9.3% | ||
| Q1 24 | -1.4% | 11.9% |
资本支出强度CEFN
| Q4 25 | 3.8% | 4.6% | ||
| Q3 25 | 2.6% | 4.6% | ||
| Q2 25 | 3.7% | 5.5% | ||
| Q1 25 | 4.3% | 3.3% | ||
| Q4 24 | 4.4% | 2.6% | ||
| Q3 24 | 3.3% | 2.5% | ||
| Q2 24 | 4.0% | 1.7% | ||
| Q1 24 | 5.2% | 1.9% |
现金转化率CEFN
| Q4 25 | 18.00× | 0.41× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | 2.06× | 0.63× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | 0.68× | 1.07× | ||
| Q2 24 | 1.88× | 1.02× | ||
| Q1 24 | 0.83× | 1.25× |
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% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
