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塞拉尼斯（CE）与Masco（MAS）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Masco的1.1倍（$2.2B vs $1.9B），Masco净利率更高（11.9% vs 0.6%，领先11.3%），Masco同比增速更快（6.5% vs -7.0%），过去两年Masco的营收复合增速更高（-4.2% 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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
CE vs MAS — 直观对比
营收规模更大
CE
是对方的1.1倍
$1.9B
营收增速更快
MAS
高出13.5%
-7.0%
净利率更高
MAS
高出11.3%
0.6%
两年增速更快
MAS
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.9B |
| 净利润 | $14.0M | $228.0M |
| 毛利率 | 19.1% | 35.8% |
| 营业利润率 | 4.0% | 16.5% |
| 净利率 | 0.6% | 11.9% |
| 营收同比 | -7.0% | 6.5% |
| 净利润同比 | 100.7% | 14.5% |
| 每股收益（稀释后） | $0.13 | — |
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CEMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.2B | $1.8B | ||
| Q3 25 | $2.4B | $1.9B | ||
| Q2 25 | $2.5B | $2.1B | ||
| Q1 25 | $2.4B | $1.8B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.6B | $2.0B | ||
| Q2 24 | $2.7B | $2.1B |
净利润CEMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $14.0M | $165.0M | ||
| Q3 25 | $-1.4B | $189.0M | ||
| Q2 25 | $199.0M | $270.0M | ||
| Q1 25 | $-21.0M | $186.0M | ||
| Q4 24 | $-1.9B | $182.0M | ||
| Q3 24 | $116.0M | $167.0M | ||
| Q2 24 | $155.0M | $258.0M |
毛利率CEMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | 19.1% | 33.9% | ||
| Q3 25 | 21.5% | 34.2% | ||
| Q2 25 | 21.1% | 37.6% | ||
| Q1 25 | 19.9% | 35.8% | ||
| Q4 24 | 22.7% | 34.8% | ||
| Q3 24 | 23.5% | 36.6% | ||
| Q2 24 | 24.2% | 37.5% |
营业利润率CEMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | 4.0% | 13.8% | ||
| Q3 25 | -52.7% | 15.8% | ||
| Q2 25 | 9.2% | 20.1% | ||
| Q1 25 | 7.0% | 15.9% | ||
| Q4 24 | -59.3% | 15.9% | ||
| Q3 24 | 9.4% | 18.0% | ||
| Q2 24 | 9.4% | 19.0% |
净利率CEMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 0.6% | 9.2% | ||
| Q3 25 | -56.1% | 9.9% | ||
| Q2 25 | 7.9% | 13.2% | ||
| Q1 25 | -0.9% | 10.3% | ||
| Q4 24 | -80.8% | 10.0% | ||
| Q3 24 | 4.4% | 8.4% | ||
| Q2 24 | 5.8% | 12.3% |
每股收益（稀释后）CEMAS
| Q1 26 | — | — | ||
| Q4 25 | $0.13 | $0.81 | ||
| Q3 25 | $-12.39 | $0.90 | ||
| Q2 25 | $1.81 | $1.28 | ||
| Q1 25 | $-0.19 | $0.87 | ||
| Q4 24 | $-17.50 | $0.85 | ||
| Q3 24 | $1.06 | $0.77 | ||
| Q2 24 | $1.41 | $1.17 |
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 | — | — |
| 总债务越低越好 | $11.4B | $2.9B |
| 股东权益账面价值 | $4.0B | $27.0M |
| 总资产 | $21.7B | $5.2B |
| 负债/权益比越低杠杆越低 | 2.81× | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资CEMAS
| Q1 26 | — | — | ||
| Q4 25 | — | $647.0M | ||
| Q3 25 | — | $559.0M | ||
| Q2 25 | — | $390.0M | ||
| Q1 25 | — | $377.0M | ||
| Q4 24 | — | $634.0M | ||
| Q3 24 | — | $646.0M | ||
| Q2 24 | — | $398.0M |
总债务CEMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $11.4B | $2.9B | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $12.7B | — | ||
| Q1 25 | $12.4B | — | ||
| Q4 24 | $11.1B | $2.9B | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.1B | — |
股东权益CEMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $4.0B | $-185.0M | ||
| Q3 25 | $4.0B | $-78.0M | ||
| Q2 25 | $5.3B | $-84.0M | ||
| Q1 25 | $5.2B | $-254.0M | ||
| Q4 24 | $5.2B | $-279.0M | ||
| Q3 24 | $7.3B | $-88.0M | ||
| Q2 24 | $7.2B | $-26.0M |
总资产CEMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $21.7B | $5.2B | ||
| Q3 25 | $22.2B | $5.3B | ||
| Q2 25 | $23.7B | $5.3B | ||
| Q1 25 | $23.2B | $5.1B | ||
| Q4 24 | $22.9B | $5.0B | ||
| Q3 24 | $25.9B | $5.3B | ||
| Q2 24 | $25.8B | $5.4B |
负债/权益比CEMAS
| Q1 26 | — | 109.07× | ||
| 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 | $252.0M | — |
| 自由现金流经营现金流 - 资本支出 | $168.0M | — |
| 自由现金流率自由现金流/营收 | 7.6% | — |
| 资本支出强度资本支出/营收 | 3.8% | 1.8% |
| 现金转化率经营现金流/净利润 | 18.00× | — |
| 过去12个月自由现金流最近4个季度 | $803.0M | — |
8季度趋势，按日历期对齐
经营现金流CEMAS
| Q1 26 | — | — | ||
| Q4 25 | $252.0M | $418.0M | ||
| Q3 25 | $447.0M | $456.0M | ||
| Q2 25 | $410.0M | $306.0M | ||
| Q1 25 | $37.0M | $-158.0M | ||
| Q4 24 | $494.0M | $407.0M | ||
| Q3 24 | $79.0M | $416.0M | ||
| Q2 24 | $292.0M | $346.0M |
自由现金流CEMAS
| Q1 26 | — | — | ||
| Q4 25 | $168.0M | $371.0M | ||
| Q3 25 | $383.0M | $415.0M | ||
| Q2 25 | $317.0M | $270.0M | ||
| Q1 25 | $-65.0M | $-190.0M | ||
| Q4 24 | $389.0M | $351.0M | ||
| Q3 24 | $-9.0M | $378.0M | ||
| Q2 24 | $187.0M | $303.0M |
自由现金流率CEMAS
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 20.7% | ||
| Q3 25 | 15.8% | 21.6% | ||
| Q2 25 | 12.5% | 13.2% | ||
| Q1 25 | -2.7% | -10.5% | ||
| Q4 24 | 16.4% | 19.2% | ||
| Q3 24 | -0.3% | 19.1% | ||
| Q2 24 | 7.1% | 14.5% |
资本支出强度CEMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | 3.8% | 2.6% | ||
| Q3 25 | 2.6% | 2.1% | ||
| Q2 25 | 3.7% | 1.8% | ||
| Q1 25 | 4.3% | 1.8% | ||
| Q4 24 | 4.4% | 3.1% | ||
| Q3 24 | 3.3% | 1.9% | ||
| Q2 24 | 4.0% | 2.1% |
现金转化率CEMAS
| Q1 26 | — | — | ||
| Q4 25 | 18.00× | 2.53× | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | 2.06× | 1.13× | ||
| Q1 25 | — | -0.85× | ||
| Q4 24 | — | 2.24× | ||
| Q3 24 | 0.68× | 2.49× | ||
| Q2 24 | 1.88× | 1.34× |
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% |
MAS
暂无分部数据
