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塞拉尼斯（CE）与RUSH ENTERPRISES INC \TX\（RUSHA）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RUSH ENTERPRISES INC \TX\的1.3倍（$2.2B vs $1.7B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs 0.6%，领先3.0%），塞拉尼斯同比增速更快（-7.0% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $168.0M），过去两年RUSH ENTERPRISES INC \TX\的营收复合增速更高（-6.8% 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。
Rush Enterprises是总部位于美国得克萨斯州新布朗费尔斯的商用车经销商，核心业务是通过旗下Rush Truck Centers销售全新及二手卡车。2019年该公司在全美20个州运营超200家卡车中心，在加拿大设有14个网点，2020年入选财富500强榜单。
CE vs RUSHA — 直观对比
营收规模更大
CE
是对方的1.3倍
$1.7B
营收增速更快
CE
高出2.0%
-9.0%
净利率更高
RUSHA
高出3.0%
0.6%
自由现金流更多
RUSHA
多$243.6M
$168.0M
两年增速更快
RUSHA
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.7B |
| 净利润 | $14.0M | $61.7M |
| 毛利率 | 19.1% | 20.4% |
| 营业利润率 | 4.0% | 4.9% |
| 净利率 | 0.6% | 3.7% |
| 营收同比 | -7.0% | -9.0% |
| 净利润同比 | 100.7% | 1.8% |
| 每股收益（稀释后） | $0.13 | $0.77 |
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CERUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.2B | $1.7B | ||
| Q3 25 | $2.4B | $1.8B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.4B | $1.8B | ||
| Q4 24 | $2.4B | $1.9B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $2.7B | $1.9B |
净利润CERUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $14.0M | $64.3M | ||
| Q3 25 | $-1.4B | $66.7M | ||
| Q2 25 | $199.0M | $72.4M | ||
| Q1 25 | $-21.0M | $60.3M | ||
| Q4 24 | $-1.9B | $74.8M | ||
| Q3 24 | $116.0M | $79.1M | ||
| Q2 24 | $155.0M | $78.7M |
毛利率CERUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 19.1% | 20.8% | ||
| Q3 25 | 21.5% | 21.0% | ||
| Q2 25 | 21.1% | 20.7% | ||
| Q1 25 | 19.9% | 20.3% | ||
| Q4 24 | 22.7% | 19.3% | ||
| Q3 24 | 23.5% | 21.0% | ||
| Q2 24 | 24.2% | 20.2% |
营业利润率CERUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 4.0% | 5.5% | ||
| Q3 25 | -52.7% | 5.6% | ||
| Q2 25 | 9.2% | 6.0% | ||
| Q1 25 | 7.0% | 5.2% | ||
| Q4 24 | -59.3% | 5.8% | ||
| Q3 24 | 9.4% | 6.7% | ||
| Q2 24 | 9.4% | 6.4% |
净利率CERUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 0.6% | 3.8% | ||
| Q3 25 | -56.1% | 3.7% | ||
| Q2 25 | 7.9% | 3.9% | ||
| Q1 25 | -0.9% | 3.4% | ||
| Q4 24 | -80.8% | 3.9% | ||
| Q3 24 | 4.4% | 4.4% | ||
| Q2 24 | 5.8% | 4.1% |
每股收益（稀释后）CERUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $0.13 | $0.81 | ||
| Q3 25 | $-12.39 | $0.83 | ||
| Q2 25 | $1.81 | $0.90 | ||
| Q1 25 | $-0.19 | $0.73 | ||
| Q4 24 | $-17.50 | $-95.13 | ||
| Q3 24 | $1.06 | $0.97 | ||
| Q2 24 | $1.41 | $97.00 |
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 | — | — |
| 总债务越低越好 | $11.4B | $277.8M |
| 股东权益账面价值 | $4.0B | $2.3B |
| 总资产 | $21.7B | $4.5B |
| 负债/权益比越低杠杆越低 | 2.81× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资CERUSHA
| Q1 26 | — | — | ||
| Q4 25 | — | $212.6M | ||
| Q3 25 | — | $242.0M | ||
| Q2 25 | — | $211.1M | ||
| Q1 25 | — | $228.7M | ||
| Q4 24 | — | $228.1M | ||
| Q3 24 | — | $185.1M | ||
| Q2 24 | — | $167.3M |
总债务CERUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | $11.4B | $274.8M | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $12.7B | — | ||
| Q1 25 | $12.4B | — | ||
| Q4 24 | $11.1B | $408.4M | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.1B | — |
股东权益CERUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $4.0B | $2.2B | ||
| Q3 25 | $4.0B | $2.2B | ||
| Q2 25 | $5.3B | $2.2B | ||
| Q1 25 | $5.2B | $2.2B | ||
| Q4 24 | $5.2B | $2.1B | ||
| Q3 24 | $7.3B | $2.1B | ||
| Q2 24 | $7.2B | $2.0B |
总资产CERUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $21.7B | $4.4B | ||
| Q3 25 | $22.2B | $4.6B | ||
| Q2 25 | $23.7B | $4.7B | ||
| Q1 25 | $23.2B | $4.7B | ||
| Q4 24 | $22.9B | $4.6B | ||
| Q3 24 | $25.9B | $4.6B | ||
| Q2 24 | $25.8B | $4.5B |
负债/权益比CERUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | 2.81× | 0.12× | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 2.41× | — | ||
| Q1 25 | 2.39× | — | ||
| Q4 24 | 2.14× | 0.19× | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.54× | — |
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 | $411.6M |
| 自由现金流率自由现金流/营收 | 7.6% | 24.4% |
| 资本支出强度资本支出/营收 | 3.8% | 2.0% |
| 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 | $828.4M |
8季度趋势，按日历期对齐
经营现金流CERUSHA
| Q1 26 | — | — | ||
| Q4 25 | $252.0M | $112.9M | ||
| Q3 25 | $447.0M | $367.8M | ||
| Q2 25 | $410.0M | $227.6M | ||
| Q1 25 | $37.0M | $153.5M | ||
| Q4 24 | $494.0M | $392.3M | ||
| Q3 24 | $79.0M | $111.7M | ||
| Q2 24 | $292.0M | $270.6M |
自由现金流CERUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $168.0M | $31.9M | ||
| Q3 25 | $383.0M | $271.2M | ||
| Q2 25 | $317.0M | $113.8M | ||
| Q1 25 | $-65.0M | $45.1M | ||
| Q4 24 | $389.0M | $263.5M | ||
| Q3 24 | $-9.0M | $-20.0M | ||
| Q2 24 | $187.0M | $177.2M |
自由现金流率CERUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 7.6% | 1.9% | ||
| Q3 25 | 15.8% | 15.2% | ||
| Q2 25 | 12.5% | 6.2% | ||
| Q1 25 | -2.7% | 2.6% | ||
| Q4 24 | 16.4% | 13.7% | ||
| Q3 24 | -0.3% | -1.1% | ||
| Q2 24 | 7.1% | 9.1% |
资本支出强度CERUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 3.8% | 4.8% | ||
| Q3 25 | 2.6% | 5.4% | ||
| Q2 25 | 3.7% | 6.2% | ||
| Q1 25 | 4.3% | 6.2% | ||
| Q4 24 | 4.4% | 6.7% | ||
| Q3 24 | 3.3% | 7.3% | ||
| Q2 24 | 4.0% | 4.8% |
现金转化率CERUSHA
| Q1 26 | — | — | ||
| Q4 25 | 18.00× | 1.75× | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | 2.06× | 3.14× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | — | 5.25× | ||
| Q3 24 | 0.68× | 1.41× | ||
| Q2 24 | 1.88× | 3.44× |
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% |
RUSHA
| New and used commercial vehicle sales | $955.1M | 57% |
| Aftermarket products and services sales | $627.2M | 37% |
| Lease and rental sales | $92.3M | 5% |
| Finance and insurance | $5.6M | 0% |
