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塞拉尼斯（CE）与KOHLS Corp（KSS）财务数据对比。点击上方公司名可切换其他公司
KOHLS Corp的季度营收约是塞拉尼斯的1.6倍（$3.6B vs $2.2B），塞拉尼斯净利率更高（0.6% vs 0.2%，领先0.4%），KOHLS Corp同比增速更快（-3.6% vs -7.0%），塞拉尼斯自由现金流更多（$168.0M vs $16.0M），过去两年塞拉尼斯的营收复合增速更高（-8.1% vs -22.5%）
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。
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
CE vs KSS — 直观对比
营收规模更大
KSS
是对方的1.6倍
$2.2B
营收增速更快
KSS
高出3.4%
-7.0%
净利率更高
CE
高出0.4%
0.2%
自由现金流更多
CE
多$152.0M
$16.0M
两年增速更快
CE
近两年复合增速
-22.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.6B |
| 净利润 | $14.0M | $8.0M |
| 毛利率 | 19.1% | 42.4% |
| 营业利润率 | 4.0% | 2.0% |
| 净利率 | 0.6% | 0.2% |
| 营收同比 | -7.0% | -3.6% |
| 净利润同比 | 100.7% | -63.6% |
| 每股收益（稀释后） | $0.13 | $0.07 |
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CEKSS
| Q4 25 | $2.2B | $3.6B | ||
| Q3 25 | $2.4B | $3.5B | ||
| Q2 25 | $2.5B | $3.2B | ||
| Q1 25 | $2.4B | $5.4B | ||
| Q4 24 | $2.4B | $3.7B | ||
| Q3 24 | $2.6B | $3.7B | ||
| Q2 24 | $2.7B | $3.4B | ||
| Q1 24 | $2.6B | $6.0B |
净利润CEKSS
| Q4 25 | $14.0M | $8.0M | ||
| Q3 25 | $-1.4B | $153.0M | ||
| Q2 25 | $199.0M | $-15.0M | ||
| Q1 25 | $-21.0M | $48.0M | ||
| Q4 24 | $-1.9B | $22.0M | ||
| Q3 24 | $116.0M | $66.0M | ||
| Q2 24 | $155.0M | $-27.0M | ||
| Q1 24 | $121.0M | $186.0M |
毛利率CEKSS
| Q4 25 | 19.1% | 42.4% | ||
| Q3 25 | 21.5% | 43.3% | ||
| Q2 25 | 21.1% | 43.3% | ||
| Q1 25 | 19.9% | 35.6% | ||
| Q4 24 | 22.7% | 42.4% | ||
| Q3 24 | 23.5% | 43.0% | ||
| Q2 24 | 24.2% | 43.1% | ||
| Q1 24 | 21.2% | 35.2% |
营业利润率CEKSS
| Q4 25 | 4.0% | 2.0% | ||
| Q3 25 | -52.7% | 7.9% | ||
| Q2 25 | 9.2% | 1.9% | ||
| Q1 25 | 7.0% | 2.3% | ||
| Q4 24 | -59.3% | 2.6% | ||
| Q3 24 | 9.4% | 4.4% | ||
| Q2 24 | 9.4% | 1.3% | ||
| Q1 24 | 8.0% | 5.0% |
净利率CEKSS
| Q4 25 | 0.6% | 0.2% | ||
| Q3 25 | -56.1% | 4.3% | ||
| Q2 25 | 7.9% | -0.5% | ||
| Q1 25 | -0.9% | 0.9% | ||
| Q4 24 | -80.8% | 0.6% | ||
| Q3 24 | 4.4% | 1.8% | ||
| Q2 24 | 5.8% | -0.8% | ||
| Q1 24 | 4.6% | 3.1% |
每股收益（稀释后）CEKSS
| Q4 25 | $0.13 | $0.07 | ||
| Q3 25 | $-12.39 | $1.35 | ||
| Q2 25 | $1.81 | $-0.13 | ||
| Q1 25 | $-0.19 | $0.43 | ||
| Q4 24 | $-17.50 | $0.20 | ||
| Q3 24 | $1.06 | $0.59 | ||
| Q2 24 | $1.41 | $-0.24 | ||
| Q1 24 | $1.10 | $1.67 |
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 | — | $144.0M |
| 总债务越低越好 | $11.4B | — |
| 股东权益账面价值 | $4.0B | $3.9B |
| 总资产 | $21.7B | $14.1B |
| 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CEKSS
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | $174.0M | ||
| Q2 25 | — | $153.0M | ||
| Q1 25 | — | $134.0M | ||
| Q4 24 | — | $174.0M | ||
| Q3 24 | — | $231.0M | ||
| Q2 24 | — | $228.0M | ||
| Q1 24 | — | $183.0M |
总债务CEKSS
| 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CEKSS
| Q4 25 | $4.0B | $3.9B | ||
| Q3 25 | $4.0B | $3.9B | ||
| Q2 25 | $5.3B | $3.8B | ||
| Q1 25 | $5.2B | $3.8B | ||
| Q4 24 | $5.2B | $3.8B | ||
| Q3 24 | $7.3B | $3.8B | ||
| Q2 24 | $7.2B | $3.8B | ||
| Q1 24 | $7.1B | $3.9B |
总资产CEKSS
| Q4 25 | $21.7B | $14.1B | ||
| Q3 25 | $22.2B | $13.4B | ||
| Q2 25 | $23.7B | $13.6B | ||
| Q1 25 | $23.2B | $13.6B | ||
| Q4 24 | $22.9B | $15.1B | ||
| Q3 24 | $25.9B | $14.2B | ||
| Q2 24 | $25.8B | $14.3B | ||
| Q1 24 | $26.0B | $14.0B |
负债/权益比CEKSS
| 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 | $124.0M |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $16.0M |
| 自由现金流率自由现金流/营收 | 7.6% | 0.4% |
| 资本支出强度资本支出/营收 | 3.8% | 3.0% |
| 现金转化率经营现金流/净利润 | 18.00× | 15.50× |
| 过去12个月自由现金流最近4个季度 | $803.0M | $819.0M |
8季度趋势，按日历期对齐
经营现金流CEKSS
| Q4 25 | $252.0M | $124.0M | ||
| Q3 25 | $447.0M | $598.0M | ||
| Q2 25 | $410.0M | $-92.0M | ||
| Q1 25 | $37.0M | $596.0M | ||
| Q4 24 | $494.0M | $-195.0M | ||
| Q3 24 | $79.0M | $254.0M | ||
| Q2 24 | $292.0M | $-7.0M | ||
| Q1 24 | $101.0M | $789.0M |
自由现金流CEKSS
| Q4 25 | $168.0M | $16.0M | ||
| Q3 25 | $383.0M | $508.0M | ||
| Q2 25 | $317.0M | $-202.0M | ||
| Q1 25 | $-65.0M | $497.0M | ||
| Q4 24 | $389.0M | $-323.0M | ||
| Q3 24 | $-9.0M | $141.0M | ||
| Q2 24 | $187.0M | $-133.0M | ||
| Q1 24 | $-36.0M | $707.0M |
自由现金流率CEKSS
| Q4 25 | 7.6% | 0.4% | ||
| Q3 25 | 15.8% | 14.3% | ||
| Q2 25 | 12.5% | -6.2% | ||
| Q1 25 | -2.7% | 9.2% | ||
| Q4 24 | 16.4% | -8.7% | ||
| Q3 24 | -0.3% | 3.8% | ||
| Q2 24 | 7.1% | -3.9% | ||
| Q1 24 | -1.4% | 11.9% |
资本支出强度CEKSS
| Q4 25 | 3.8% | 3.0% | ||
| Q3 25 | 2.6% | 2.5% | ||
| Q2 25 | 3.7% | 3.4% | ||
| Q1 25 | 4.3% | 1.8% | ||
| Q4 24 | 4.4% | 3.5% | ||
| Q3 24 | 3.3% | 3.0% | ||
| Q2 24 | 4.0% | 3.7% | ||
| Q1 24 | 5.2% | 1.4% |
现金转化率CEKSS
| Q4 25 | 18.00× | 15.50× | ||
| Q3 25 | — | 3.91× | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | — | 12.42× | ||
| Q4 24 | — | -8.86× | ||
| Q3 24 | 0.68× | 3.85× | ||
| Q2 24 | 1.88× | — | ||
| Q1 24 | 0.83× | 4.24× |
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% |
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
