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塞拉尼斯（CE）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是塞拉尼斯的1.0倍（$2.3B vs $2.3B），PPL Corporation净利率更高（11.3% vs 2.1%，领先9.3%），PPL Corporation同比增速更快（7.2% vs -2.2%），塞拉尼斯自由现金流更多（$3.0M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% 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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
CE vs PPL — 直观对比
营收规模更大
PPL
是对方的1.0倍
$2.3B
营收增速更快
PPL
高出9.4%
-2.2%
净利率更高
PPL
高出9.3%
2.1%
自由现金流更多
CE
多$617.0M
$-614.0M
两年增速更快
PPL
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.3B |
| 净利润 | $48.0M | $266.0M |
| 毛利率 | 20.0% | — |
| 营业利润率 | — | 20.3% |
| 净利率 | 2.1% | 11.3% |
| 营收同比 | -2.2% | 7.2% |
| 净利润同比 | 340.0% | 50.3% |
| 每股收益（稀释后） | $0.41 | $0.35 |
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CEPPL
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $2.3B | ||
| Q3 25 | $2.4B | $2.2B | ||
| Q2 25 | $2.5B | $2.0B | ||
| Q1 25 | $2.4B | $2.5B | ||
| Q4 24 | $2.4B | $2.2B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.7B | $1.9B |
净利润CEPPL
| Q1 26 | $48.0M | — | ||
| Q4 25 | $14.0M | $266.0M | ||
| Q3 25 | $-1.4B | $318.0M | ||
| Q2 25 | $199.0M | $183.0M | ||
| Q1 25 | $-21.0M | $414.0M | ||
| Q4 24 | $-1.9B | $177.0M | ||
| Q3 24 | $116.0M | $214.0M | ||
| Q2 24 | $155.0M | $190.0M |
毛利率CEPPL
| 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CEPPL
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 20.3% | ||
| Q3 25 | -52.7% | 25.4% | ||
| Q2 25 | 9.2% | 19.9% | ||
| Q1 25 | 7.0% | 26.6% | ||
| Q4 24 | -59.3% | 17.2% | ||
| Q3 24 | 9.4% | 20.6% | ||
| Q2 24 | 9.4% | 20.8% |
净利率CEPPL
| Q1 26 | 2.1% | — | ||
| Q4 25 | 0.6% | 11.3% | ||
| Q3 25 | -56.1% | 14.2% | ||
| Q2 25 | 7.9% | 9.0% | ||
| Q1 25 | -0.9% | 16.3% | ||
| Q4 24 | -80.8% | 8.1% | ||
| Q3 24 | 4.4% | 10.3% | ||
| Q2 24 | 5.8% | 10.1% |
每股收益（稀释后）CEPPL
| Q1 26 | $0.41 | — | ||
| Q4 25 | $0.13 | $0.35 | ||
| Q3 25 | $-12.39 | $0.43 | ||
| Q2 25 | $1.81 | $0.25 | ||
| Q1 25 | $-0.19 | $0.56 | ||
| Q4 24 | $-17.50 | $0.23 | ||
| Q3 24 | $1.06 | $0.29 | ||
| Q2 24 | $1.41 | $0.26 |
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 | $1.1B |
| 总债务越低越好 | — | $18.9B |
| 股东权益账面价值 | $4.5M | $14.9B |
| 总资产 | $21.7M | $45.2B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资CEPPL
| Q1 26 | $1.8M | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $294.0M | ||
| Q1 25 | — | $312.0M | ||
| Q4 24 | — | $306.0M | ||
| Q3 24 | — | $542.0M | ||
| Q2 24 | — | $282.0M |
总债务CEPPL
| Q1 26 | — | — | ||
| Q4 25 | $11.4B | $18.9B | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $12.7B | — | ||
| Q1 25 | $12.4B | — | ||
| Q4 24 | $11.1B | $16.5B | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.1B | — |
股东权益CEPPL
| Q1 26 | $4.5M | — | ||
| Q4 25 | $4.0B | $14.9B | ||
| Q3 25 | $4.0B | $14.4B | ||
| Q2 25 | $5.3B | $14.3B | ||
| Q1 25 | $5.2B | $14.3B | ||
| Q4 24 | $5.2B | $14.1B | ||
| Q3 24 | $7.3B | $14.1B | ||
| Q2 24 | $7.2B | $14.1B |
总资产CEPPL
| Q1 26 | $21.7M | — | ||
| Q4 25 | $21.7B | $45.2B | ||
| Q3 25 | $22.2B | $43.9B | ||
| Q2 25 | $23.7B | $42.4B | ||
| Q1 25 | $23.2B | $41.8B | ||
| Q4 24 | $22.9B | $41.1B | ||
| Q3 24 | $25.9B | $40.5B | ||
| Q2 24 | $25.8B | $39.8B |
负债/权益比CEPPL
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 1.27× | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 2.41× | — | ||
| Q1 25 | 2.39× | — | ||
| Q4 24 | 2.14× | 1.17× | ||
| 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 | — | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $-614.0M |
| 自由现金流率自由现金流/营收 | 0.1% | -26.1% |
| 资本支出强度资本支出/营收 | 2.8% | 49.5% |
| 现金转化率经营现金流/净利润 | — | 2.06× |
| 过去12个月自由现金流最近4个季度 | $871.0M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流CEPPL
| Q1 26 | — | — | ||
| Q4 25 | $252.0M | $548.0M | ||
| Q3 25 | $447.0M | $966.0M | ||
| Q2 25 | $410.0M | $602.0M | ||
| Q1 25 | $37.0M | $513.0M | ||
| Q4 24 | $494.0M | $511.0M | ||
| Q3 24 | $79.0M | $781.0M | ||
| Q2 24 | $292.0M | $766.0M |
自由现金流CEPPL
| Q1 26 | $3.0M | — | ||
| Q4 25 | $168.0M | $-614.0M | ||
| Q3 25 | $383.0M | $-179.0M | ||
| Q2 25 | $317.0M | $-328.0M | ||
| Q1 25 | $-65.0M | $-280.0M | ||
| Q4 24 | $389.0M | $-349.0M | ||
| Q3 24 | $-9.0M | $102.0M | ||
| Q2 24 | $187.0M | $96.0M |
自由现金流率CEPPL
| Q1 26 | 0.1% | — | ||
| Q4 25 | 7.6% | -26.1% | ||
| Q3 25 | 15.8% | -8.0% | ||
| Q2 25 | 12.5% | -16.1% | ||
| Q1 25 | -2.7% | -11.0% | ||
| Q4 24 | 16.4% | -15.9% | ||
| Q3 24 | -0.3% | 4.9% | ||
| Q2 24 | 7.1% | 5.1% |
资本支出强度CEPPL
| Q1 26 | 2.8% | — | ||
| Q4 25 | 3.8% | 49.5% | ||
| Q3 25 | 2.6% | 51.2% | ||
| Q2 25 | 3.7% | 45.6% | ||
| Q1 25 | 4.3% | 31.2% | ||
| Q4 24 | 4.4% | 39.3% | ||
| Q3 24 | 3.3% | 32.7% | ||
| Q2 24 | 4.0% | 35.8% |
现金转化率CEPPL
| Q1 26 | — | — | ||
| Q4 25 | 18.00× | 2.06× | ||
| Q3 25 | — | 3.04× | ||
| Q2 25 | 2.06× | 3.29× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 0.68× | 3.65× | ||
| Q2 24 | 1.88× | 4.03× |
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
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
