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塞拉尼斯（CE）与QVC Group, Inc.（QVCGA）财务数据对比。点击上方公司名可切换其他公司
QVC Group, Inc.的季度营收约是塞拉尼斯的1.1倍（$2.7B vs $2.3B），塞拉尼斯净利率更高（2.1% vs -1.4%，领先3.4%），塞拉尼斯同比增速更快（-2.2% vs -9.1%），QVC Group, Inc.自由现金流更多（$191.0M vs $3.0M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% 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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
CE vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.1倍
$2.3B
营收增速更快
CE
高出6.9%
-9.1%
净利率更高
CE
高出3.4%
-1.4%
自由现金流更多
QVCGA
多$188.0M
$3.0M
两年增速更快
QVCGA
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.7B |
| 净利润 | $48.0M | $-37.0M |
| 毛利率 | 20.0% | 32.9% |
| 营业利润率 | — | 3.7% |
| 净利率 | 2.1% | -1.4% |
| 营收同比 | -2.2% | -9.1% |
| 净利润同比 | 340.0% | 97.1% |
| 每股收益（稀释后） | $0.41 | $-17.37 |
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CEQVCGA
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $2.7B | ||
| Q3 25 | $2.4B | $2.2B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.4B | $2.1B | ||
| Q4 24 | $2.4B | $2.9B | ||
| Q3 24 | $2.6B | $2.3B | ||
| Q2 24 | $2.7B | $2.4B |
净利润CEQVCGA
| Q1 26 | $48.0M | — | ||
| Q4 25 | $14.0M | $-37.0M | ||
| Q3 25 | $-1.4B | $-80.0M | ||
| Q2 25 | $199.0M | $-2.2B | ||
| Q1 25 | $-21.0M | $-100.0M | ||
| Q4 24 | $-1.9B | $-1.3B | ||
| Q3 24 | $116.0M | $-23.0M | ||
| Q2 24 | $155.0M | $20.0M |
毛利率CEQVCGA
| Q1 26 | 20.0% | — | ||
| Q4 25 | 19.1% | 32.9% | ||
| Q3 25 | 21.5% | 34.0% | ||
| Q2 25 | 21.1% | 36.4% | ||
| Q1 25 | 19.9% | 34.2% | ||
| Q4 24 | 22.7% | 33.3% | ||
| Q3 24 | 23.5% | 35.3% | ||
| Q2 24 | 24.2% | 36.4% |
营业利润率CEQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 3.7% | ||
| Q3 25 | -52.7% | 2.7% | ||
| Q2 25 | 9.2% | -101.6% | ||
| Q1 25 | 7.0% | 0.7% | ||
| Q4 24 | -59.3% | -43.2% | ||
| Q3 24 | 9.4% | 6.5% | ||
| Q2 24 | 9.4% | 6.9% |
净利率CEQVCGA
| Q1 26 | 2.1% | — | ||
| Q4 25 | 0.6% | -1.4% | ||
| Q3 25 | -56.1% | -3.6% | ||
| Q2 25 | 7.9% | -99.4% | ||
| Q1 25 | -0.9% | -4.8% | ||
| Q4 24 | -80.8% | -43.7% | ||
| Q3 24 | 4.4% | -1.0% | ||
| Q2 24 | 5.8% | 0.8% |
每股收益（稀释后）CEQVCGA
| Q1 26 | $0.41 | — | ||
| Q4 25 | $0.13 | $-17.37 | ||
| Q3 25 | $-12.39 | $-9.89 | ||
| Q2 25 | $1.81 | $-275.46 | ||
| Q1 25 | $-0.19 | $-0.25 | ||
| Q4 24 | $-17.50 | — | ||
| Q3 24 | $1.06 | $-0.06 | ||
| Q2 24 | $1.41 | $2.57 |
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 | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $4.5M | $-3.1B |
| 总资产 | $21.7M | $7.6B |
| 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CEQVCGA
| Q1 26 | $1.8M | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $897.0M | ||
| Q1 25 | — | $833.0M | ||
| Q4 24 | — | $905.0M | ||
| Q3 24 | — | $873.0M | ||
| Q2 24 | — | $1.2B |
总债务CEQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $11.4B | $790.0M | ||
| Q3 25 | $11.7B | $5.9B | ||
| Q2 25 | $12.7B | $4.9B | ||
| Q1 25 | $12.4B | $5.0B | ||
| Q4 24 | $11.1B | $4.1B | ||
| Q3 24 | $11.3B | $5.1B | ||
| Q2 24 | $11.1B | $5.3B |
股东权益CEQVCGA
| Q1 26 | $4.5M | — | ||
| Q4 25 | $4.0B | $-3.1B | ||
| Q3 25 | $4.0B | $-3.1B | ||
| Q2 25 | $5.3B | $-3.0B | ||
| Q1 25 | $5.2B | $-981.0M | ||
| Q4 24 | $5.2B | $-971.0M | ||
| Q3 24 | $7.3B | $397.0M | ||
| Q2 24 | $7.2B | $328.0M |
总资产CEQVCGA
| Q1 26 | $21.7M | — | ||
| Q4 25 | $21.7B | $7.6B | ||
| Q3 25 | $22.2B | $7.6B | ||
| Q2 25 | $23.7B | $6.7B | ||
| Q1 25 | $23.2B | $9.0B | ||
| Q4 24 | $22.9B | $9.2B | ||
| Q3 24 | $25.9B | $10.8B | ||
| Q2 24 | $25.8B | $10.9B |
负债/权益比CEQVCGA
| 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× | 12.74× | ||
| Q2 24 | 1.54× | 16.28× |
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 | — | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $191.0M |
| 自由现金流率自由现金流/营收 | 0.1% | 7.1% |
| 资本支出强度资本支出/营收 | 2.8% | 2.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $871.0M | $118.0M |
8季度趋势，按日历期对齐
经营现金流CEQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $252.0M | $244.0M | ||
| Q3 25 | $447.0M | $4.0M | ||
| Q2 25 | $410.0M | $86.0M | ||
| Q1 25 | $37.0M | $-60.0M | ||
| Q4 24 | $494.0M | $212.0M | ||
| Q3 24 | $79.0M | $20.0M | ||
| Q2 24 | $292.0M | $267.0M |
自由现金流CEQVCGA
| Q1 26 | $3.0M | — | ||
| Q4 25 | $168.0M | $191.0M | ||
| Q3 25 | $383.0M | $-27.0M | ||
| Q2 25 | $317.0M | $48.0M | ||
| Q1 25 | $-65.0M | $-94.0M | ||
| Q4 24 | $389.0M | $150.0M | ||
| Q3 24 | $-9.0M | $-23.0M | ||
| Q2 24 | $187.0M | $213.0M |
自由现金流率CEQVCGA
| Q1 26 | 0.1% | — | ||
| Q4 25 | 7.6% | 7.1% | ||
| Q3 25 | 15.8% | -1.2% | ||
| Q2 25 | 12.5% | 2.1% | ||
| Q1 25 | -2.7% | -4.5% | ||
| Q4 24 | 16.4% | 5.1% | ||
| Q3 24 | -0.3% | -1.0% | ||
| Q2 24 | 7.1% | 8.8% |
资本支出强度CEQVCGA
| Q1 26 | 2.8% | — | ||
| Q4 25 | 3.8% | 2.0% | ||
| Q3 25 | 2.6% | 1.4% | ||
| Q2 25 | 3.7% | 1.7% | ||
| Q1 25 | 4.3% | 1.6% | ||
| Q4 24 | 4.4% | 2.1% | ||
| Q3 24 | 3.3% | 1.8% | ||
| Q2 24 | 4.0% | 2.2% |
现金转化率CEQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 18.00× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 1.88× | 13.35× |
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
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
