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塞拉尼斯（CE）与罗技（LOGI）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罗技的1.6倍（$2.3B vs $1.4B），罗技净利率更高（17.7% vs 2.1%，领先15.6%），罗技同比增速更快（6.1% vs -2.2%），罗技自由现金流更多（$465.6M vs $3.0M），过去两年罗技的营收复合增速更高（18.5% 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。
罗技国际是总部位于瑞士洛桑的跨国企业，专注于计算机外设及相关软件的研发与生产，在欧洲、亚洲、大洋洲、美洲均设有分支机构，为瑞士市场指数成分股，同时在纳斯达克交易所挂牌上市。
CE vs LOGI — 直观对比
营收规模更大
CE
是对方的1.6倍
$1.4B
营收增速更快
LOGI
高出8.2%
-2.2%
净利率更高
LOGI
高出15.6%
2.1%
自由现金流更多
LOGI
多$462.6M
$3.0M
两年增速更快
LOGI
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.4B |
| 净利润 | $48.0M | $251.0M |
| 毛利率 | 20.0% | 43.2% |
| 营业利润率 | — | 20.1% |
| 净利率 | 2.1% | 17.7% |
| 营收同比 | -2.2% | 6.1% |
| 净利润同比 | 340.0% | 25.4% |
| 每股收益（稀释后） | $0.41 | $1.69 |
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CELOGI
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.5B | $1.1B | ||
| Q1 25 | $2.4B | $1.0B | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.7B | $1.1B |
净利润CELOGI
| Q1 26 | $48.0M | — | ||
| Q4 25 | $14.0M | $251.0M | ||
| Q3 25 | $-1.4B | $170.7M | ||
| Q2 25 | $199.0M | $146.0M | ||
| Q1 25 | $-21.0M | $144.1M | ||
| Q4 24 | $-1.9B | $200.1M | ||
| Q3 24 | $116.0M | $145.5M | ||
| Q2 24 | $155.0M | $141.8M |
毛利率CELOGI
| Q1 26 | 20.0% | — | ||
| Q4 25 | 19.1% | 43.2% | ||
| Q3 25 | 21.5% | 43.4% | ||
| Q2 25 | 21.1% | 41.7% | ||
| Q1 25 | 19.9% | 43.1% | ||
| Q4 24 | 22.7% | 42.9% | ||
| Q3 24 | 23.5% | 43.6% | ||
| Q2 24 | 24.2% | 42.8% |
营业利润率CELOGI
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 20.1% | ||
| Q3 25 | -52.7% | 16.1% | ||
| Q2 25 | 9.2% | 14.1% | ||
| Q1 25 | 7.0% | 10.5% | ||
| Q4 24 | -59.3% | 17.5% | ||
| Q3 24 | 9.4% | 14.4% | ||
| Q2 24 | 9.4% | 14.1% |
净利率CELOGI
| Q1 26 | 2.1% | — | ||
| Q4 25 | 0.6% | 17.7% | ||
| Q3 25 | -56.1% | 14.4% | ||
| Q2 25 | 7.9% | 12.7% | ||
| Q1 25 | -0.9% | 14.3% | ||
| Q4 24 | -80.8% | 14.9% | ||
| Q3 24 | 4.4% | 13.0% | ||
| Q2 24 | 5.8% | 13.0% |
每股收益（稀释后）CELOGI
| Q1 26 | $0.41 | — | ||
| Q4 25 | $0.13 | $1.69 | ||
| Q3 25 | $-12.39 | $1.15 | ||
| Q2 25 | $1.81 | $0.98 | ||
| Q1 25 | $-0.19 | $0.94 | ||
| Q4 24 | $-17.50 | $1.32 | ||
| Q3 24 | $1.06 | $0.95 | ||
| Q2 24 | $1.41 | $0.92 |
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 | $1.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.5M | $2.3B |
| 总资产 | $21.7M | $4.1B |
| 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CELOGI
| Q1 26 | $1.8M | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B |
总债务CELOGI
| 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CELOGI
| Q1 26 | $4.5M | — | ||
| Q4 25 | $4.0B | $2.3B | ||
| Q3 25 | $4.0B | $2.1B | ||
| Q2 25 | $5.3B | $2.2B | ||
| Q1 25 | $5.2B | $2.1B | ||
| Q4 24 | $5.2B | $2.1B | ||
| Q3 24 | $7.3B | $2.1B | ||
| Q2 24 | $7.2B | $2.2B |
总资产CELOGI
| Q1 26 | $21.7M | — | ||
| Q4 25 | $21.7B | $4.1B | ||
| Q3 25 | $22.2B | $3.7B | ||
| Q2 25 | $23.7B | $3.7B | ||
| Q1 25 | $23.2B | $3.5B | ||
| Q4 24 | $22.9B | $3.7B | ||
| Q3 24 | $25.9B | $3.6B | ||
| Q2 24 | $25.8B | $3.7B |
负债/权益比CELOGI
| 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 | — | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $465.6M |
| 自由现金流率自由现金流/营收 | 0.1% | 32.8% |
| 资本支出强度资本支出/营收 | 2.8% | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.91× |
| 过去12个月自由现金流最近4个季度 | $871.0M | $903.6M |
8季度趋势，按日历期对齐
经营现金流CELOGI
| Q1 26 | — | — | ||
| Q4 25 | $252.0M | $480.5M | ||
| Q3 25 | $447.0M | $228.8M | ||
| Q2 25 | $410.0M | $125.0M | ||
| Q1 25 | $37.0M | $129.7M | ||
| Q4 24 | $494.0M | $370.9M | ||
| Q3 24 | $79.0M | $166.0M | ||
| Q2 24 | $292.0M | $176.0M |
自由现金流CELOGI
| Q1 26 | $3.0M | — | ||
| Q4 25 | $168.0M | $465.6M | ||
| Q3 25 | $383.0M | $212.3M | ||
| Q2 25 | $317.0M | $108.8M | ||
| Q1 25 | $-65.0M | $116.9M | ||
| Q4 24 | $389.0M | $356.6M | ||
| Q3 24 | $-9.0M | $151.5M | ||
| Q2 24 | $187.0M | $161.4M |
自由现金流率CELOGI
| Q1 26 | 0.1% | — | ||
| Q4 25 | 7.6% | 32.8% | ||
| Q3 25 | 15.8% | 17.9% | ||
| Q2 25 | 12.5% | 9.5% | ||
| Q1 25 | -2.7% | 11.6% | ||
| Q4 24 | 16.4% | 26.6% | ||
| Q3 24 | -0.3% | 13.6% | ||
| Q2 24 | 7.1% | 14.8% |
资本支出强度CELOGI
| Q1 26 | 2.8% | — | ||
| Q4 25 | 3.8% | 1.0% | ||
| Q3 25 | 2.6% | 1.4% | ||
| Q2 25 | 3.7% | 1.4% | ||
| Q1 25 | 4.3% | 1.3% | ||
| Q4 24 | 4.4% | 1.1% | ||
| Q3 24 | 3.3% | 1.3% | ||
| Q2 24 | 4.0% | 1.3% |
现金转化率CELOGI
| Q1 26 | — | — | ||
| Q4 25 | 18.00× | 1.91× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | 2.06× | 0.86× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | 0.68× | 1.14× | ||
| Q2 24 | 1.88× | 1.24× |
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
暂无分部数据
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
