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塞拉尼斯（CE）与J.B. Hunt（JBHT）财务数据对比。点击上方公司名可切换其他公司
J.B. Hunt的季度营收约是塞拉尼斯的1.4倍（$3.1B vs $2.2B），J.B. Hunt净利率更高（5.8% vs 0.6%，领先5.2%），J.B. Hunt同比增速更快（-1.6% vs -7.0%），J.B. Hunt自由现金流更多（$251.3M vs $168.0M），过去两年J.B. Hunt的营收复合增速更高（2.6% 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。
J.B.亨特运输服务公司是总部位于美国阿肯色州洛厄尔的运输物流企业，1961年8月10日由约翰尼·布莱恩·亨特与乔内尔·亨特在阿肯色州创立。截至1983年，公司已成为美国第80大卡车运输企业，营收达6.2347亿美元，当时运营550台牵引车、1049辆挂车，拥有约1050名员工。
CE vs JBHT — 直观对比
营收规模更大
JBHT
是对方的1.4倍
$2.2B
营收增速更快
JBHT
高出5.4%
-7.0%
净利率更高
JBHT
高出5.2%
0.6%
自由现金流更多
JBHT
多$83.3M
$168.0M
两年增速更快
JBHT
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.1B |
| 净利润 | $14.0M | $181.1M |
| 毛利率 | 19.1% | — |
| 营业利润率 | 4.0% | 8.0% |
| 净利率 | 0.6% | 5.8% |
| 营收同比 | -7.0% | -1.6% |
| 净利润同比 | 100.7% | 16.5% |
| 每股收益（稀释后） | $0.13 | $1.88 |
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CEJBHT
| Q4 25 | $2.2B | $3.1B | ||
| Q3 25 | $2.4B | $3.1B | ||
| Q2 25 | $2.5B | $2.9B | ||
| Q1 25 | $2.4B | $2.9B | ||
| Q4 24 | $2.4B | $3.1B | ||
| Q3 24 | $2.6B | $3.1B | ||
| Q2 24 | $2.7B | $2.9B | ||
| Q1 24 | $2.6B | $2.9B |
净利润CEJBHT
| Q4 25 | $14.0M | $181.1M | ||
| Q3 25 | $-1.4B | $170.8M | ||
| Q2 25 | $199.0M | $128.6M | ||
| Q1 25 | $-21.0M | $117.7M | ||
| Q4 24 | $-1.9B | $155.5M | ||
| Q3 24 | $116.0M | $152.1M | ||
| Q2 24 | $155.0M | $135.9M | ||
| Q1 24 | $121.0M | $127.5M |
毛利率CEJBHT
| 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% | — | ||
| Q1 24 | 21.2% | — |
营业利润率CEJBHT
| Q4 25 | 4.0% | 8.0% | ||
| Q3 25 | -52.7% | 7.9% | ||
| Q2 25 | 9.2% | 6.7% | ||
| Q1 25 | 7.0% | 6.1% | ||
| Q4 24 | -59.3% | 6.6% | ||
| Q3 24 | 9.4% | 7.3% | ||
| Q2 24 | 9.4% | 7.0% | ||
| Q1 24 | 8.0% | 6.6% |
净利率CEJBHT
| Q4 25 | 0.6% | 5.8% | ||
| Q3 25 | -56.1% | 5.6% | ||
| Q2 25 | 7.9% | 4.4% | ||
| Q1 25 | -0.9% | 4.0% | ||
| Q4 24 | -80.8% | 4.9% | ||
| Q3 24 | 4.4% | 5.0% | ||
| Q2 24 | 5.8% | 4.6% | ||
| Q1 24 | 4.6% | 4.3% |
每股收益（稀释后）CEJBHT
| Q4 25 | $0.13 | $1.88 | ||
| Q3 25 | $-12.39 | $1.76 | ||
| Q2 25 | $1.81 | $1.31 | ||
| Q1 25 | $-0.19 | $1.17 | ||
| Q4 24 | $-17.50 | $1.53 | ||
| Q3 24 | $1.06 | $1.49 | ||
| Q2 24 | $1.41 | $1.32 | ||
| Q1 24 | $1.10 | $1.22 |
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 | — | $17.3M |
| 总债务越低越好 | $11.4B | — |
| 股东权益账面价值 | $4.0B | $3.6B |
| 总资产 | $21.7B | $7.9B |
| 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CEJBHT
| Q4 25 | — | $17.3M | ||
| Q3 25 | — | $52.3M | ||
| Q2 25 | — | $50.9M | ||
| Q1 25 | — | $43.4M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $120.0M | ||
| Q2 24 | — | $53.5M | ||
| Q1 24 | — | $64.2M |
总债务CEJBHT
| Q4 25 | $11.4B | — | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $12.7B | — | ||
| Q1 25 | $12.4B | — | ||
| Q4 24 | $11.1B | $977.7M | ||
| Q3 24 | $11.3B | $1.0B | ||
| Q2 24 | $11.1B | $1.5B | ||
| Q1 24 | $11.0B | $1.4B |
股东权益CEJBHT
| Q4 25 | $4.0B | $3.6B | ||
| Q3 25 | $4.0B | $3.6B | ||
| Q2 25 | $5.3B | $3.7B | ||
| Q1 25 | $5.2B | $3.9B | ||
| Q4 24 | $5.2B | $4.0B | ||
| Q3 24 | $7.3B | $4.0B | ||
| Q2 24 | $7.2B | $4.1B | ||
| Q1 24 | $7.1B | $4.2B |
总资产CEJBHT
| Q4 25 | $21.7B | $7.9B | ||
| Q3 25 | $22.2B | $8.1B | ||
| Q2 25 | $23.7B | $8.2B | ||
| Q1 25 | $23.2B | $8.3B | ||
| Q4 24 | $22.9B | $8.3B | ||
| Q3 24 | $25.9B | $8.3B | ||
| Q2 24 | $25.8B | $8.4B | ||
| Q1 24 | $26.0B | $8.4B |
负债/权益比CEJBHT
| Q4 25 | 2.81× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 2.41× | — | ||
| Q1 25 | 2.39× | — | ||
| Q4 24 | 2.14× | 0.24× | ||
| Q3 24 | 1.56× | 0.26× | ||
| Q2 24 | 1.54× | 0.36× | ||
| Q1 24 | 1.56× | 0.33× |
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 | $385.6M |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $251.3M |
| 自由现金流率自由现金流/营收 | 7.6% | 8.1% |
| 资本支出强度资本支出/营收 | 3.8% | 4.3% |
| 现金转化率经营现金流/净利润 | 18.00× | 2.13× |
| 过去12个月自由现金流最近4个季度 | $803.0M | $947.6M |
8季度趋势，按日历期对齐
经营现金流CEJBHT
| Q4 25 | $252.0M | $385.6M | ||
| Q3 25 | $447.0M | $486.4M | ||
| Q2 25 | $410.0M | $402.1M | ||
| Q1 25 | $37.0M | $404.2M | ||
| Q4 24 | $494.0M | $317.6M | ||
| Q3 24 | $79.0M | $338.5M | ||
| Q2 24 | $292.0M | $360.6M | ||
| Q1 24 | $101.0M | $466.5M |
自由现金流CEJBHT
| Q4 25 | $168.0M | $251.3M | ||
| Q3 25 | $383.0M | $352.4M | ||
| Q2 25 | $317.0M | $185.6M | ||
| Q1 25 | $-65.0M | $158.4M | ||
| Q4 24 | $389.0M | $93.3M | ||
| Q3 24 | $-9.0M | $163.1M | ||
| Q2 24 | $187.0M | $98.2M | ||
| Q1 24 | $-36.0M | $263.1M |
自由现金流率CEJBHT
| Q4 25 | 7.6% | 8.1% | ||
| Q3 25 | 15.8% | 11.5% | ||
| Q2 25 | 12.5% | 6.3% | ||
| Q1 25 | -2.7% | 5.4% | ||
| Q4 24 | 16.4% | 3.0% | ||
| Q3 24 | -0.3% | 5.3% | ||
| Q2 24 | 7.1% | 3.4% | ||
| Q1 24 | -1.4% | 8.9% |
资本支出强度CEJBHT
| Q4 25 | 3.8% | 4.3% | ||
| Q3 25 | 2.6% | 4.4% | ||
| Q2 25 | 3.7% | 7.4% | ||
| Q1 25 | 4.3% | 8.4% | ||
| Q4 24 | 4.4% | 7.1% | ||
| Q3 24 | 3.3% | 5.7% | ||
| Q2 24 | 4.0% | 9.0% | ||
| Q1 24 | 5.2% | 6.9% |
现金转化率CEJBHT
| Q4 25 | 18.00× | 2.13× | ||
| Q3 25 | — | 2.85× | ||
| Q2 25 | 2.06× | 3.13× | ||
| Q1 25 | — | 3.43× | ||
| Q4 24 | — | 2.04× | ||
| Q3 24 | 0.68× | 2.23× | ||
| Q2 24 | 1.88× | 2.65× | ||
| Q1 24 | 0.83× | 3.66× |
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% |
JBHT
| JBI | $1.5B | 50% |
| DCS | $842.8M | 27% |
| ICS | $304.5M | 10% |
| FMS | $206.3M | 7% |
| JBT | $200.7M | 6% |
