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塞拉尼斯（CE）与罗致恒富（RHI）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罗致恒富的1.7倍（$2.2B vs $1.3B），罗致恒富同比增速更快（-5.8% vs -7.0%），罗致恒富自由现金流更多（$170.8M vs $168.0M），过去两年罗致恒富的营收复合增速更高（-6.1% 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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
CE vs RHI — 直观对比
营收规模更大
CE
是对方的1.7倍
$1.3B
营收增速更快
RHI
高出1.2%
-7.0%
自由现金流更多
RHI
多$2.8M
$168.0M
两年增速更快
RHI
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.3B |
| 净利润 | $14.0M | — |
| 毛利率 | 19.1% | 37.6% |
| 营业利润率 | 4.0% | 1.7% |
| 净利率 | 0.6% | — |
| 营收同比 | -7.0% | -5.8% |
| 净利润同比 | 100.7% | — |
| 每股收益（稀释后） | $0.13 | $0.32 |
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CERHI
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.4B | $1.4B | ||
| Q2 25 | $2.5B | $1.4B | ||
| Q1 25 | $2.4B | $1.4B | ||
| Q4 24 | $2.4B | $1.4B | ||
| Q3 24 | $2.6B | $1.5B | ||
| Q2 24 | $2.7B | $1.5B | ||
| Q1 24 | $2.6B | $1.5B |
净利润CERHI
| Q4 25 | $14.0M | — | ||
| Q3 25 | $-1.4B | $42.9M | ||
| Q2 25 | $199.0M | $41.0M | ||
| Q1 25 | $-21.0M | $17.4M | ||
| Q4 24 | $-1.9B | — | ||
| Q3 24 | $116.0M | $65.5M | ||
| Q2 24 | $155.0M | $68.2M | ||
| Q1 24 | $121.0M | $63.7M |
毛利率CERHI
| Q4 25 | 19.1% | 37.6% | ||
| Q3 25 | 21.5% | 37.2% | ||
| Q2 25 | 21.1% | 37.2% | ||
| Q1 25 | 19.9% | 36.9% | ||
| Q4 24 | 22.7% | 38.8% | ||
| Q3 24 | 23.5% | 39.0% | ||
| Q2 24 | 24.2% | 39.2% | ||
| Q1 24 | 21.2% | 38.1% |
营业利润率CERHI
| Q4 25 | 4.0% | 1.7% | ||
| Q3 25 | -52.7% | 1.0% | ||
| Q2 25 | 9.2% | 0.1% | ||
| Q1 25 | 7.0% | 2.9% | ||
| Q4 24 | -59.3% | 4.7% | ||
| Q3 24 | 9.4% | 4.1% | ||
| Q2 24 | 9.4% | 5.1% | ||
| Q1 24 | 8.0% | 2.8% |
净利率CERHI
| Q4 25 | 0.6% | — | ||
| Q3 25 | -56.1% | 3.2% | ||
| Q2 25 | 7.9% | 3.0% | ||
| Q1 25 | -0.9% | 1.3% | ||
| Q4 24 | -80.8% | — | ||
| Q3 24 | 4.4% | 4.5% | ||
| Q2 24 | 5.8% | 4.6% | ||
| Q1 24 | 4.6% | 4.3% |
每股收益（稀释后）CERHI
| Q4 25 | $0.13 | $0.32 | ||
| Q3 25 | $-12.39 | $0.43 | ||
| Q2 25 | $1.81 | $0.41 | ||
| Q1 25 | $-0.19 | $0.17 | ||
| Q4 24 | $-17.50 | $0.53 | ||
| Q3 24 | $1.06 | $0.64 | ||
| Q2 24 | $1.41 | $0.66 | ||
| Q1 24 | $1.10 | $0.61 |
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 | — | $464.4M |
| 总债务越低越好 | $11.4B | — |
| 股东权益账面价值 | $4.0B | $1.3B |
| 总资产 | $21.7B | $2.9B |
| 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CERHI
| Q4 25 | — | $464.4M | ||
| Q3 25 | — | $365.3M | ||
| Q2 25 | — | $380.5M | ||
| Q1 25 | — | $342.5M | ||
| Q4 24 | — | $537.6M | ||
| Q3 24 | — | $570.5M | ||
| Q2 24 | — | $547.4M | ||
| Q1 24 | — | $540.9M |
总债务CERHI
| 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 | — | ||
| Q1 24 | $11.0B | — |
股东权益CERHI
| Q4 25 | $4.0B | $1.3B | ||
| Q3 25 | $4.0B | $1.3B | ||
| Q2 25 | $5.3B | $1.3B | ||
| Q1 25 | $5.2B | $1.3B | ||
| Q4 24 | $5.2B | $1.4B | ||
| Q3 24 | $7.3B | $1.5B | ||
| Q2 24 | $7.2B | $1.5B | ||
| Q1 24 | $7.1B | $1.5B |
总资产CERHI
| Q4 25 | $21.7B | $2.9B | ||
| Q3 25 | $22.2B | $2.8B | ||
| Q2 25 | $23.7B | $2.8B | ||
| Q1 25 | $23.2B | $2.7B | ||
| Q4 24 | $22.9B | $2.9B | ||
| Q3 24 | $25.9B | $3.0B | ||
| Q2 24 | $25.8B | $2.9B | ||
| Q1 24 | $26.0B | $2.9B |
负债/权益比CERHI
| 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× | — | ||
| Q1 24 | 1.56× | — |
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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $170.8M |
| 自由现金流率自由现金流/营收 | 7.6% | 13.1% |
| 资本支出强度资本支出/营收 | 3.8% | 0.9% |
| 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 | $266.8M |
8季度趋势，按日历期对齐
经营现金流CERHI
| Q4 25 | $252.0M | $182.5M | ||
| Q3 25 | $447.0M | $77.4M | ||
| Q2 25 | $410.0M | $119.4M | ||
| Q1 25 | $37.0M | $-59.3M | ||
| Q4 24 | $494.0M | $154.8M | ||
| Q3 24 | $79.0M | $129.6M | ||
| Q2 24 | $292.0M | $142.0M | ||
| Q1 24 | $101.0M | $-15.9M |
自由现金流CERHI
| Q4 25 | $168.0M | $170.8M | ||
| Q3 25 | $383.0M | $63.6M | ||
| Q2 25 | $317.0M | $104.2M | ||
| Q1 25 | $-65.0M | $-71.7M | ||
| Q4 24 | $389.0M | $140.5M | ||
| Q3 24 | $-9.0M | $111.8M | ||
| Q2 24 | $187.0M | $129.6M | ||
| Q1 24 | $-36.0M | $-27.7M |
自由现金流率CERHI
| Q4 25 | 7.6% | 13.1% | ||
| Q3 25 | 15.8% | 4.7% | ||
| Q2 25 | 12.5% | 7.6% | ||
| Q1 25 | -2.7% | -5.3% | ||
| Q4 24 | 16.4% | 10.2% | ||
| Q3 24 | -0.3% | 7.6% | ||
| Q2 24 | 7.1% | 8.8% | ||
| Q1 24 | -1.4% | -1.9% |
资本支出强度CERHI
| Q4 25 | 3.8% | 0.9% | ||
| Q3 25 | 2.6% | 1.0% | ||
| Q2 25 | 3.7% | 1.1% | ||
| Q1 25 | 4.3% | 0.9% | ||
| Q4 24 | 4.4% | 1.0% | ||
| Q3 24 | 3.3% | 1.2% | ||
| Q2 24 | 4.0% | 0.8% | ||
| Q1 24 | 5.2% | 0.8% |
现金转化率CERHI
| Q4 25 | 18.00× | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | 2.06× | 2.91× | ||
| Q1 25 | — | -3.42× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.68× | 1.98× | ||
| Q2 24 | 1.88× | 2.08× | ||
| Q1 24 | 0.83× | -0.25× |
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% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
