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塞拉尼斯（CE）与ROKU, INC（ROKU）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ROKU, INC的1.6倍（$2.2B vs $1.4B），ROKU, INC净利率更高（5.8% vs 0.6%，领先5.1%），ROKU, INC同比增速更快（16.1% vs -7.0%），塞拉尼斯自由现金流更多（$168.0M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
CE vs ROKU — 直观对比
营收规模更大
CE
是对方的1.6倍
$1.4B
营收增速更快
ROKU
高出23.1%
-7.0%
净利率更高
ROKU
高出5.1%
0.6%
自由现金流更多
CE
多$61.4M
$106.6M
两年增速更快
ROKU
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.4B |
| 净利润 | $14.0M | $80.5M |
| 毛利率 | 19.1% | 43.5% |
| 营业利润率 | 4.0% | 4.7% |
| 净利率 | 0.6% | 5.8% |
| 营收同比 | -7.0% | 16.1% |
| 净利润同比 | 100.7% | 326.4% |
| 每股收益（稀释后） | $0.13 | $0.55 |
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CEROKU
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.5B | $1.1B | ||
| Q1 25 | $2.4B | $1.0B | ||
| Q4 24 | $2.4B | $1.2B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.7B | $968.2M | ||
| Q1 24 | $2.6B | $881.5M |
净利润CEROKU
| Q4 25 | $14.0M | $80.5M | ||
| Q3 25 | $-1.4B | $24.8M | ||
| Q2 25 | $199.0M | $10.5M | ||
| Q1 25 | $-21.0M | $-27.4M | ||
| Q4 24 | $-1.9B | $-35.5M | ||
| Q3 24 | $116.0M | $-9.0M | ||
| Q2 24 | $155.0M | $-34.0M | ||
| Q1 24 | $121.0M | $-50.9M |
毛利率CEROKU
| Q4 25 | 19.1% | 43.5% | ||
| Q3 25 | 21.5% | 43.4% | ||
| Q2 25 | 21.1% | 44.8% | ||
| Q1 25 | 19.9% | 43.6% | ||
| Q4 24 | 22.7% | 42.7% | ||
| Q3 24 | 23.5% | 45.2% | ||
| Q2 24 | 24.2% | 43.9% | ||
| Q1 24 | 21.2% | 44.1% |
营业利润率CEROKU
| Q4 25 | 4.0% | 4.7% | ||
| Q3 25 | -52.7% | 0.8% | ||
| Q2 25 | 9.2% | -2.1% | ||
| Q1 25 | 7.0% | -5.7% | ||
| Q4 24 | -59.3% | -3.3% | ||
| Q3 24 | 9.4% | -3.4% | ||
| Q2 24 | 9.4% | -7.4% | ||
| Q1 24 | 8.0% | -8.2% |
净利率CEROKU
| Q4 25 | 0.6% | 5.8% | ||
| Q3 25 | -56.1% | 2.0% | ||
| Q2 25 | 7.9% | 0.9% | ||
| Q1 25 | -0.9% | -2.7% | ||
| Q4 24 | -80.8% | -3.0% | ||
| Q3 24 | 4.4% | -0.9% | ||
| Q2 24 | 5.8% | -3.5% | ||
| Q1 24 | 4.6% | -5.8% |
每股收益（稀释后）CEROKU
| Q4 25 | $0.13 | $0.55 | ||
| Q3 25 | $-12.39 | $0.16 | ||
| Q2 25 | $1.81 | $0.07 | ||
| Q1 25 | $-0.19 | $-0.19 | ||
| Q4 24 | $-17.50 | $-0.24 | ||
| Q3 24 | $1.06 | $-0.06 | ||
| Q2 24 | $1.41 | $-0.24 | ||
| Q1 24 | $1.10 | $-0.35 |
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 | — | $2.3B |
| 总债务越低越好 | $11.4B | — |
| 股东权益账面价值 | $4.0B | $2.7B |
| 总资产 | $21.7B | $4.4B |
| 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CEROKU
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
总债务CEROKU
| 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CEROKU
| Q4 25 | $4.0B | $2.7B | ||
| Q3 25 | $4.0B | $2.6B | ||
| Q2 25 | $5.3B | $2.6B | ||
| Q1 25 | $5.2B | $2.5B | ||
| Q4 24 | $5.2B | $2.5B | ||
| Q3 24 | $7.3B | $2.5B | ||
| Q2 24 | $7.2B | $2.4B | ||
| Q1 24 | $7.1B | $2.4B |
总资产CEROKU
| Q4 25 | $21.7B | $4.4B | ||
| Q3 25 | $22.2B | $4.4B | ||
| Q2 25 | $23.7B | $4.3B | ||
| Q1 25 | $23.2B | $4.2B | ||
| Q4 24 | $22.9B | $4.3B | ||
| Q3 24 | $25.9B | $4.3B | ||
| Q2 24 | $25.8B | $4.1B | ||
| Q1 24 | $26.0B | $4.2B |
负债/权益比CEROKU
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $106.6M |
| 自由现金流率自由现金流/营收 | 7.6% | 7.6% |
| 资本支出强度资本支出/营收 | 3.8% | 0.1% |
| 现金转化率经营现金流/净利润 | 18.00× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $803.0M | $478.4M |
8季度趋势，按日历期对齐
经营现金流CEROKU
| Q4 25 | $252.0M | $107.7M | ||
| Q3 25 | $447.0M | $127.6M | ||
| Q2 25 | $410.0M | $109.7M | ||
| Q1 25 | $37.0M | $138.7M | ||
| Q4 24 | $494.0M | $79.3M | ||
| Q3 24 | $79.0M | $68.7M | ||
| Q2 24 | $292.0M | $23.4M | ||
| Q1 24 | $101.0M | $46.7M |
自由现金流CEROKU
| Q4 25 | $168.0M | $106.6M | ||
| Q3 25 | $383.0M | $126.5M | ||
| Q2 25 | $317.0M | $108.6M | ||
| Q1 25 | $-65.0M | $136.8M | ||
| Q4 24 | $389.0M | $76.8M | ||
| Q3 24 | $-9.0M | $67.6M | ||
| Q2 24 | $187.0M | $22.5M | ||
| Q1 24 | $-36.0M | $46.0M |
自由现金流率CEROKU
| Q4 25 | 7.6% | 7.6% | ||
| Q3 25 | 15.8% | 10.4% | ||
| Q2 25 | 12.5% | 9.8% | ||
| Q1 25 | -2.7% | 13.4% | ||
| Q4 24 | 16.4% | 6.4% | ||
| Q3 24 | -0.3% | 6.4% | ||
| Q2 24 | 7.1% | 2.3% | ||
| Q1 24 | -1.4% | 5.2% |
资本支出强度CEROKU
| Q4 25 | 3.8% | 0.1% | ||
| Q3 25 | 2.6% | 0.1% | ||
| Q2 25 | 3.7% | 0.1% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 4.4% | 0.2% | ||
| Q3 24 | 3.3% | 0.1% | ||
| Q2 24 | 4.0% | 0.1% | ||
| Q1 24 | 5.2% | 0.1% |
现金转化率CEROKU
| Q4 25 | 18.00× | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | 2.06× | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 1.88× | — | ||
| Q1 24 | 0.83× | — |
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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
