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塞拉尼斯（CE）与RENAISSANCERE HOLDINGS LTD（RNR）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RENAISSANCERE HOLDINGS LTD的1.0倍（$2.2B vs $2.2B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 0.6%，领先22.9%），塞拉尼斯同比增速更快（-7.0% vs -36.8%），过去两年塞拉尼斯的营收复合增速更高（-8.1% vs -11.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
CE vs RNR — 直观对比
营收规模更大
CE
是对方的1.0倍
$2.2B
营收增速更快
CE
高出29.8%
-36.8%
净利率更高
RNR
高出22.9%
0.6%
两年增速更快
CE
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.2B |
| 净利润 | $14.0M | $515.8M |
| 毛利率 | 19.1% | — |
| 营业利润率 | 4.0% | — |
| 净利率 | 0.6% | 23.5% |
| 营收同比 | -7.0% | -36.8% |
| 净利润同比 | 100.7% | 72.6% |
| 每股收益（稀释后） | $0.13 | $6.57 |
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CERNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.2B | $3.0B | ||
| Q3 25 | $2.4B | $3.2B | ||
| Q2 25 | $2.5B | $3.2B | ||
| Q1 25 | $2.4B | $3.5B | ||
| Q4 24 | $2.4B | $2.3B | ||
| Q3 24 | $2.6B | $4.0B | ||
| Q2 24 | $2.7B | $2.8B |
净利润CERNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $14.0M | $760.5M | ||
| Q3 25 | $-1.4B | $916.5M | ||
| Q2 25 | $199.0M | $835.4M | ||
| Q1 25 | $-21.0M | $170.0M | ||
| Q4 24 | $-1.9B | $-189.7M | ||
| Q3 24 | $116.0M | $1.2B | ||
| Q2 24 | $155.0M | $503.9M |
毛利率CERNR
| 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CERNR
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 42.5% | ||
| Q3 25 | -52.7% | 46.3% | ||
| Q2 25 | 9.2% | 41.8% | ||
| Q1 25 | 7.0% | -2.0% | ||
| Q4 24 | -59.3% | -3.6% | ||
| Q3 24 | 9.4% | 43.7% | ||
| Q2 24 | 9.4% | 25.0% |
净利率CERNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 0.6% | 25.6% | ||
| Q3 25 | -56.1% | 28.7% | ||
| Q2 25 | 7.9% | 26.1% | ||
| Q1 25 | -0.9% | 4.9% | ||
| Q4 24 | -80.8% | -8.3% | ||
| Q3 24 | 4.4% | 29.8% | ||
| Q2 24 | 5.8% | 17.8% |
每股收益（稀释后）CERNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.13 | $16.16 | ||
| Q3 25 | $-12.39 | $19.40 | ||
| Q2 25 | $1.81 | $17.20 | ||
| Q1 25 | $-0.19 | $3.27 | ||
| Q4 24 | $-17.50 | $-3.76 | ||
| Q3 24 | $1.06 | $22.62 | ||
| Q2 24 | $1.41 | $9.41 |
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 | — | $1.6B |
| 总债务越低越好 | $11.4B | — |
| 股东权益账面价值 | $4.0B | $4.3B |
| 总资产 | $21.7B | $53.7B |
| 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CERNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B |
总债务CERNR
| Q1 26 | — | — | ||
| Q4 25 | $11.4B | $2.3B | ||
| Q3 25 | $11.7B | $2.2B | ||
| Q2 25 | $12.7B | $2.3B | ||
| Q1 25 | $12.4B | $2.8B | ||
| Q4 24 | $11.1B | $1.9B | ||
| Q3 24 | $11.3B | $1.9B | ||
| Q2 24 | $11.1B | $2.0B |
股东权益CERNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $4.0B | $11.6B | ||
| Q3 25 | $4.0B | $11.5B | ||
| Q2 25 | $5.3B | $10.8B | ||
| Q1 25 | $5.2B | $10.3B | ||
| Q4 24 | $5.2B | $10.6B | ||
| Q3 24 | $7.3B | $11.2B | ||
| Q2 24 | $7.2B | $10.2B |
总资产CERNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $21.7B | $53.8B | ||
| Q3 25 | $22.2B | $54.5B | ||
| Q2 25 | $23.7B | $54.7B | ||
| Q1 25 | $23.2B | $53.6B | ||
| Q4 24 | $22.9B | $50.7B | ||
| Q3 24 | $25.9B | $52.8B | ||
| Q2 24 | $25.8B | $51.6B |
负债/权益比CERNR
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 0.20× | ||
| Q3 25 | 2.95× | 0.19× | ||
| Q2 25 | 2.41× | 0.21× | ||
| Q1 25 | 2.39× | 0.27× | ||
| Q4 24 | 2.14× | 0.18× | ||
| Q3 24 | 1.56× | 0.17× | ||
| Q2 24 | 1.54× | 0.19× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $168.0M | — |
| 自由现金流率自由现金流/营收 | 7.6% | — |
| 资本支出强度资本支出/营收 | 3.8% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CERNR
| Q1 26 | — | — | ||
| Q4 25 | $252.0M | $483.0M | ||
| Q3 25 | $447.0M | $1.6B | ||
| Q2 25 | $410.0M | $1.5B | ||
| Q1 25 | $37.0M | $157.8M | ||
| Q4 24 | $494.0M | $778.9M | ||
| Q3 24 | $79.0M | $1.5B | ||
| Q2 24 | $292.0M | $1.2B |
自由现金流CERNR
| Q1 26 | — | — | ||
| 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CERNR
| Q1 26 | — | — | ||
| 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CERNR
| Q1 26 | — | — | ||
| 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CERNR
| Q1 26 | — | — | ||
| Q4 25 | 18.00× | 0.64× | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | 2.06× | 1.76× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.68× | 1.26× | ||
| Q2 24 | 1.88× | 2.41× |
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% |
RNR
暂无分部数据
