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塞拉尼斯（CE）与RYDER SYSTEM INC（R）财务数据对比。点击上方公司名可切换其他公司
RYDER SYSTEM INC的季度营收约是塞拉尼斯的1.4倍（$3.1B vs $2.2B），RYDER SYSTEM INC净利率更高（3.0% vs 0.6%，领先2.3%），RYDER SYSTEM INC同比增速更快（1.0% vs -7.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $168.0M），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% 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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
CE vs R — 直观对比
营收规模更大
R
是对方的1.4倍
$2.2B
营收增速更快
R
高出8.0%
-7.0%
净利率更高
R
高出2.3%
0.6%
自由现金流更多
R
多$105.0M
$168.0M
两年增速更快
R
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.1B |
| 净利润 | $14.0M | $93.0M |
| 毛利率 | 19.1% | — |
| 营业利润率 | 4.0% | — |
| 净利率 | 0.6% | 3.0% |
| 营收同比 | -7.0% | 1.0% |
| 净利润同比 | 100.7% | -5.1% |
| 每股收益（稀释后） | $0.13 | $2.34 |
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CER
| Q1 26 | — | $3.1B | ||
| Q4 25 | $2.2B | $3.2B | ||
| Q3 25 | $2.4B | $3.2B | ||
| Q2 25 | $2.5B | $3.2B | ||
| Q1 25 | $2.4B | $3.1B | ||
| Q4 24 | $2.4B | $3.2B | ||
| Q3 24 | $2.6B | $3.2B | ||
| Q2 24 | $2.7B | $3.2B |
净利润CER
| Q1 26 | — | $93.0M | ||
| Q4 25 | $14.0M | $132.0M | ||
| Q3 25 | $-1.4B | $138.0M | ||
| Q2 25 | $199.0M | $131.0M | ||
| Q1 25 | $-21.0M | $98.0M | ||
| Q4 24 | $-1.9B | $135.0M | ||
| Q3 24 | $116.0M | $142.0M | ||
| Q2 24 | $155.0M | $127.0M |
毛利率CER
| Q1 26 | — | — | ||
| 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CER
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 5.6% | ||
| Q3 25 | -52.7% | 6.0% | ||
| Q2 25 | 9.2% | 5.8% | ||
| Q1 25 | 7.0% | 4.3% | ||
| Q4 24 | -59.3% | 5.7% | ||
| Q3 24 | 9.4% | 5.9% | ||
| Q2 24 | 9.4% | 5.6% |
净利率CER
| Q1 26 | — | 3.0% | ||
| Q4 25 | 0.6% | 4.2% | ||
| Q3 25 | -56.1% | 4.4% | ||
| Q2 25 | 7.9% | 4.1% | ||
| Q1 25 | -0.9% | 3.1% | ||
| Q4 24 | -80.8% | 4.2% | ||
| Q3 24 | 4.4% | 4.5% | ||
| Q2 24 | 5.8% | 4.0% |
每股收益（稀释后）CER
| Q1 26 | — | $2.34 | ||
| Q4 25 | $0.13 | $3.22 | ||
| Q3 25 | $-12.39 | $3.32 | ||
| Q2 25 | $1.81 | $3.13 | ||
| Q1 25 | $-0.19 | $2.27 | ||
| Q4 24 | $-17.50 | $3.09 | ||
| Q3 24 | $1.06 | $3.24 | ||
| Q2 24 | $1.41 | $2.84 |
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 | — | $182.0M |
| 总债务越低越好 | $11.4B | — |
| 股东权益账面价值 | $4.0B | $2.9B |
| 总资产 | $21.7B | — |
| 负债/权益比越低杠杆越低 | 2.81× | — |
8季度趋势，按日历期对齐
现金及短期投资CER
| Q1 26 | — | $182.0M | ||
| Q4 25 | — | $198.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $180.0M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | — | $154.0M | ||
| Q3 24 | — | $162.0M | ||
| Q2 24 | — | $164.0M |
总债务CER
| Q1 26 | — | — | ||
| Q4 25 | $11.4B | $6.8B | ||
| Q3 25 | $11.7B | $7.3B | ||
| Q2 25 | $12.7B | $7.0B | ||
| Q1 25 | $12.4B | $6.7B | ||
| Q4 24 | $11.1B | $6.7B | ||
| Q3 24 | $11.3B | $6.6B | ||
| Q2 24 | $11.1B | $6.5B |
股东权益CER
| Q1 26 | — | $2.9B | ||
| Q4 25 | $4.0B | $3.1B | ||
| Q3 25 | $4.0B | $3.1B | ||
| Q2 25 | $5.3B | $3.1B | ||
| Q1 25 | $5.2B | $3.0B | ||
| Q4 24 | $5.2B | $3.1B | ||
| Q3 24 | $7.3B | $3.1B | ||
| Q2 24 | $7.2B | $3.1B |
总资产CER
| Q1 26 | — | — | ||
| Q4 25 | $21.7B | $16.4B | ||
| Q3 25 | $22.2B | $16.5B | ||
| Q2 25 | $23.7B | $16.5B | ||
| Q1 25 | $23.2B | $16.4B | ||
| Q4 24 | $22.9B | $16.7B | ||
| Q3 24 | $25.9B | $16.5B | ||
| Q2 24 | $25.8B | $16.4B |
负债/权益比CER
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 2.24× | ||
| Q3 25 | 2.95× | 2.35× | ||
| Q2 25 | 2.41× | 2.27× | ||
| Q1 25 | 2.39× | 2.21× | ||
| Q4 24 | 2.14× | 2.14× | ||
| Q3 24 | 1.56× | 2.17× | ||
| Q2 24 | 1.54× | 2.09× |
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 | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $273.0M |
| 自由现金流率自由现金流/营收 | 7.6% | 8.7% |
| 资本支出强度资本支出/营收 | 3.8% | 13.7% |
| 现金转化率经营现金流/净利润 | 18.00× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $803.0M | $595.0M |
8季度趋势，按日历期对齐
经营现金流CER
| Q1 26 | — | $583.0M | ||
| Q4 25 | $252.0M | $749.0M | ||
| Q3 25 | $447.0M | $442.0M | ||
| Q2 25 | $410.0M | $752.0M | ||
| Q1 25 | $37.0M | $651.0M | ||
| Q4 24 | $494.0M | $558.0M | ||
| Q3 24 | $79.0M | $629.0M | ||
| Q2 24 | $292.0M | $552.0M |
自由现金流CER
| Q1 26 | — | $273.0M | ||
| Q4 25 | $168.0M | $344.0M | ||
| Q3 25 | $383.0M | $-85.0M | ||
| Q2 25 | $317.0M | $63.0M | ||
| Q1 25 | $-65.0M | $137.0M | ||
| Q4 24 | $389.0M | $-201.0M | ||
| Q3 24 | $-9.0M | $30.0M | ||
| Q2 24 | $187.0M | $-87.0M |
自由现金流率CER
| Q1 26 | — | 8.7% | ||
| Q4 25 | 7.6% | 10.8% | ||
| Q3 25 | 15.8% | -2.7% | ||
| Q2 25 | 12.5% | 2.0% | ||
| Q1 25 | -2.7% | 4.4% | ||
| Q4 24 | 16.4% | -6.3% | ||
| Q3 24 | -0.3% | 0.9% | ||
| Q2 24 | 7.1% | -2.7% |
资本支出强度CER
| Q1 26 | — | 13.7% | ||
| Q4 25 | 3.8% | 12.8% | ||
| Q3 25 | 2.6% | 16.6% | ||
| Q2 25 | 3.7% | 21.6% | ||
| Q1 25 | 4.3% | 16.4% | ||
| Q4 24 | 4.4% | 23.8% | ||
| Q3 24 | 3.3% | 18.9% | ||
| Q2 24 | 4.0% | 20.1% |
现金转化率CER
| Q1 26 | — | 6.27× | ||
| Q4 25 | 18.00× | 5.67× | ||
| Q3 25 | — | 3.20× | ||
| Q2 25 | 2.06× | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | — | 4.13× | ||
| Q3 24 | 0.68× | 4.43× | ||
| Q2 24 | 1.88× | 4.35× |
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
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
