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塞拉尼斯（CE）与Meritage Homes CORP（MTH）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Meritage Homes CORP的1.7倍（$2.3B vs $1.4B），Meritage Homes CORP净利率更高（17.7% vs 2.1%，领先15.7%），Meritage Homes CORP同比增速更快（10.5% vs -2.2%），塞拉尼斯自由现金流更多（$3.0M vs $-225.4M）
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。
Meritage Homes Corporation是美国上市房地产开发企业，主营全美范围内各类独栋住宅建造业务，按2023年房屋销量计算为美国第五大住宅建筑商，同时在亚利桑那州开发活跃长者社区及高端地产项目。
CE vs MTH — 直观对比
营收规模更大
CE
是对方的1.7倍
$1.4B
营收增速更快
MTH
高出12.7%
-2.2%
净利率更高
MTH
高出15.7%
2.1%
自由现金流更多
CE
多$228.4M
$-225.4M
损益表 — Q1 FY2026 vs Q2 FY2022
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.4B |
| 净利润 | $48.0M | $250.1M |
| 毛利率 | 20.0% | 31.5% |
| 营业利润率 | — | 23.5% |
| 净利率 | 2.1% | 17.7% |
| 营收同比 | -2.2% | 10.5% |
| 净利润同比 | 340.0% | 49.4% |
| 每股收益（稀释后） | $0.41 | $6.77 |
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CEMTH
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | — |
净利润CEMTH
| Q1 26 | $48.0M | — | ||
| Q4 25 | $14.0M | — | ||
| Q3 25 | $-1.4B | — | ||
| Q2 25 | $199.0M | — | ||
| Q1 25 | $-21.0M | — | ||
| Q4 24 | $-1.9B | — | ||
| Q3 24 | $116.0M | — | ||
| Q2 24 | $155.0M | — |
毛利率CEMTH
| Q1 26 | 20.0% | — | ||
| 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% | — |
营业利润率CEMTH
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | -52.7% | — | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | 7.0% | — | ||
| Q4 24 | -59.3% | — | ||
| Q3 24 | 9.4% | — | ||
| Q2 24 | 9.4% | — |
净利率CEMTH
| Q1 26 | 2.1% | — | ||
| Q4 25 | 0.6% | — | ||
| Q3 25 | -56.1% | — | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | -0.9% | — | ||
| Q4 24 | -80.8% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 5.8% | — |
每股收益（稀释后）CEMTH
| Q1 26 | $0.41 | — | ||
| Q4 25 | $0.13 | — | ||
| Q3 25 | $-12.39 | — | ||
| Q2 25 | $1.81 | — | ||
| Q1 25 | $-0.19 | — | ||
| Q4 24 | $-17.50 | — | ||
| Q3 24 | $1.06 | — | ||
| Q2 24 | $1.41 | — |
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 | $272.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.5M | $3.4B |
| 总资产 | $21.7M | $5.3B |
| 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CEMTH
| Q1 26 | $1.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务CEMTH
| 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CEMTH
| Q1 26 | $4.5M | — | ||
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $7.2B | — |
总资产CEMTH
| Q1 26 | $21.7M | — | ||
| Q4 25 | $21.7B | — | ||
| Q3 25 | $22.2B | — | ||
| Q2 25 | $23.7B | — | ||
| Q1 25 | $23.2B | — | ||
| Q4 24 | $22.9B | — | ||
| Q3 24 | $25.9B | — | ||
| Q2 24 | $25.8B | — |
负债/权益比CEMTH
| 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 | — | $-219.0M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $-225.4M |
| 自由现金流率自由现金流/营收 | 0.1% | -16.0% |
| 资本支出强度资本支出/营收 | 2.8% | 0.5% |
| 现金转化率经营现金流/净利润 | — | -0.88× |
| 过去12个月自由现金流最近4个季度 | $871.0M | — |
8季度趋势，按日历期对齐
经营现金流CEMTH
| Q1 26 | — | — | ||
| Q4 25 | $252.0M | — | ||
| Q3 25 | $447.0M | — | ||
| Q2 25 | $410.0M | — | ||
| Q1 25 | $37.0M | — | ||
| Q4 24 | $494.0M | — | ||
| Q3 24 | $79.0M | — | ||
| Q2 24 | $292.0M | — |
自由现金流CEMTH
| Q1 26 | $3.0M | — | ||
| Q4 25 | $168.0M | — | ||
| Q3 25 | $383.0M | — | ||
| Q2 25 | $317.0M | — | ||
| Q1 25 | $-65.0M | — | ||
| Q4 24 | $389.0M | — | ||
| Q3 24 | $-9.0M | — | ||
| Q2 24 | $187.0M | — |
自由现金流率CEMTH
| Q1 26 | 0.1% | — | ||
| Q4 25 | 7.6% | — | ||
| Q3 25 | 15.8% | — | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | 7.1% | — |
资本支出强度CEMTH
| Q1 26 | 2.8% | — | ||
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 4.0% | — |
现金转化率CEMTH
| Q1 26 | — | — | ||
| Q4 25 | 18.00× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 1.88× | — |
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
MTH
| Home Building | $1.4B | 100% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $9.8M | 1% |
| Financial Service | $5.1M | 0% |
| Land Closing | $3.4M | 0% |
