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塞拉尼斯（CE）与宜瑞安（INGR）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宜瑞安的1.3倍（$2.3B vs $1.8B），宜瑞安净利率更高（9.5% vs 2.1%，领先7.5%），塞拉尼斯同比增速更快（-2.2% vs -2.4%），宜瑞安自由现金流更多（$270.0M vs $3.0M），过去两年宜瑞安的营收复合增速更高（-3.4% 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。
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
CE vs INGR — 直观对比
营收规模更大
CE
是对方的1.3倍
$1.8B
营收增速更快
CE
高出0.2%
-2.4%
净利率更高
INGR
高出7.5%
2.1%
自由现金流更多
INGR
多$267.0M
$3.0M
两年增速更快
INGR
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.8B |
| 净利润 | $48.0M | $167.0M |
| 毛利率 | 20.0% | 24.5% |
| 营业利润率 | — | 12.5% |
| 净利率 | 2.1% | 9.5% |
| 营收同比 | -2.2% | -2.4% |
| 净利润同比 | 340.0% | 72.2% |
| 每股收益（稀释后） | $0.41 | $2.58 |
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CEINGR
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $1.8B | ||
| Q3 25 | $2.4B | $1.8B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.4B | $1.8B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.7B | $1.9B |
净利润CEINGR
| Q1 26 | $48.0M | — | ||
| Q4 25 | $14.0M | $167.0M | ||
| Q3 25 | $-1.4B | $171.0M | ||
| Q2 25 | $199.0M | $196.0M | ||
| Q1 25 | $-21.0M | $197.0M | ||
| Q4 24 | $-1.9B | $97.0M | ||
| Q3 24 | $116.0M | $188.0M | ||
| Q2 24 | $155.0M | $148.0M |
毛利率CEINGR
| Q1 26 | 20.0% | — | ||
| Q4 25 | 19.1% | 24.5% | ||
| Q3 25 | 21.5% | 25.1% | ||
| Q2 25 | 21.1% | 26.0% | ||
| Q1 25 | 19.9% | 25.7% | ||
| Q4 24 | 22.7% | 24.9% | ||
| Q3 24 | 23.5% | 25.6% | ||
| Q2 24 | 24.2% | 23.7% |
营业利润率CEINGR
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 12.5% | ||
| Q3 25 | -52.7% | 13.7% | ||
| Q2 25 | 9.2% | 14.8% | ||
| Q1 25 | 7.0% | 15.2% | ||
| Q4 24 | -59.3% | 9.0% | ||
| Q3 24 | 9.4% | 14.3% | ||
| Q2 24 | 9.4% | 12.8% |
净利率CEINGR
| Q1 26 | 2.1% | — | ||
| Q4 25 | 0.6% | 9.5% | ||
| Q3 25 | -56.1% | 9.4% | ||
| Q2 25 | 7.9% | 10.7% | ||
| Q1 25 | -0.9% | 10.9% | ||
| Q4 24 | -80.8% | 5.4% | ||
| Q3 24 | 4.4% | 10.1% | ||
| Q2 24 | 5.8% | 7.9% |
每股收益（稀释后）CEINGR
| Q1 26 | $0.41 | — | ||
| Q4 25 | $0.13 | $2.58 | ||
| Q3 25 | $-12.39 | $2.61 | ||
| Q2 25 | $1.81 | $2.99 | ||
| Q1 25 | $-0.19 | $3.00 | ||
| Q4 24 | $-17.50 | $1.43 | ||
| Q3 24 | $1.06 | $2.83 | ||
| Q2 24 | $1.41 | $2.22 |
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 | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.5M | $4.3B |
| 总资产 | $21.7M | $7.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CEINGR
| Q1 26 | $1.8M | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $915.0M | ||
| Q2 25 | — | $861.0M | ||
| Q1 25 | — | $837.0M | ||
| Q4 24 | — | $997.0M | ||
| Q3 24 | — | $877.0M | ||
| Q2 24 | — | $505.0M |
总债务CEINGR
| Q1 26 | — | — | ||
| 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 | — |
股东权益CEINGR
| Q1 26 | $4.5M | — | ||
| Q4 25 | $4.0B | $4.3B | ||
| Q3 25 | $4.0B | $4.2B | ||
| Q2 25 | $5.3B | $4.2B | ||
| Q1 25 | $5.2B | $4.0B | ||
| Q4 24 | $5.2B | $3.8B | ||
| Q3 24 | $7.3B | $4.0B | ||
| Q2 24 | $7.2B | $3.7B |
总资产CEINGR
| Q1 26 | $21.7M | — | ||
| Q4 25 | $21.7B | $7.9B | ||
| Q3 25 | $22.2B | $7.8B | ||
| Q2 25 | $23.7B | $7.8B | ||
| Q1 25 | $23.2B | $7.5B | ||
| Q4 24 | $22.9B | $7.4B | ||
| Q3 24 | $25.9B | $7.5B | ||
| Q2 24 | $25.8B | $7.2B |
负债/权益比CEINGR
| Q1 26 | — | — | ||
| 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× | — |
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 | — | $405.0M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $270.0M |
| 自由现金流率自由现金流/营收 | 0.1% | 15.4% |
| 资本支出强度资本支出/营收 | 2.8% | 7.7% |
| 现金转化率经营现金流/净利润 | — | 2.43× |
| 过去12个月自由现金流最近4个季度 | $871.0M | $511.0M |
8季度趋势，按日历期对齐
经营现金流CEINGR
| Q1 26 | — | — | ||
| Q4 25 | $252.0M | $405.0M | ||
| Q3 25 | $447.0M | $277.0M | ||
| Q2 25 | $410.0M | $185.0M | ||
| Q1 25 | $37.0M | $77.0M | ||
| Q4 24 | $494.0M | $436.0M | ||
| Q3 24 | $79.0M | $479.0M | ||
| Q2 24 | $292.0M | $312.0M |
自由现金流CEINGR
| Q1 26 | $3.0M | — | ||
| Q4 25 | $168.0M | $270.0M | ||
| Q3 25 | $383.0M | $172.0M | ||
| Q2 25 | $317.0M | $84.0M | ||
| Q1 25 | $-65.0M | $-15.0M | ||
| Q4 24 | $389.0M | $311.0M | ||
| Q3 24 | $-9.0M | $429.0M | ||
| Q2 24 | $187.0M | $257.0M |
自由现金流率CEINGR
| Q1 26 | 0.1% | — | ||
| Q4 25 | 7.6% | 15.4% | ||
| Q3 25 | 15.8% | 9.5% | ||
| Q2 25 | 12.5% | 4.6% | ||
| Q1 25 | -2.7% | -0.8% | ||
| Q4 24 | 16.4% | 17.3% | ||
| Q3 24 | -0.3% | 22.9% | ||
| Q2 24 | 7.1% | 13.7% |
资本支出强度CEINGR
| Q1 26 | 2.8% | — | ||
| Q4 25 | 3.8% | 7.7% | ||
| Q3 25 | 2.6% | 5.8% | ||
| Q2 25 | 3.7% | 5.5% | ||
| Q1 25 | 4.3% | 5.1% | ||
| Q4 24 | 4.4% | 6.9% | ||
| Q3 24 | 3.3% | 2.7% | ||
| Q2 24 | 4.0% | 2.9% |
现金转化率CEINGR
| Q1 26 | — | — | ||
| Q4 25 | 18.00× | 2.43× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | 2.06× | 0.94× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | — | 4.49× | ||
| Q3 24 | 0.68× | 2.55× | ||
| Q2 24 | 1.88× | 2.11× |
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
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
