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塞拉尼斯（CE）与STIFEL FINANCIAL CORP（SF）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STIFEL FINANCIAL CORP的2.0倍（$2.2B vs $1.1B），STIFEL FINANCIAL CORP净利率更高（23.5% vs 0.6%，领先22.8%），STIFEL FINANCIAL CORP同比增速更快（23.0% vs -7.0%），STIFEL FINANCIAL CORP自由现金流更多（$369.0M vs $168.0M），过去两年STIFEL FINANCIAL CORP的营收复合增速更高（21.1% 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。
司迪富金融是美国跨国独立投资银行及金融服务提供商，总部位于密苏里州圣路易斯市中心。其历史可追溯至1890年成立的Altheimer & Rawlings投资公司，1983年正式以Stifel为名成立，1986年11月24日在纽约证券交易所挂牌上市，为全球客户提供多元化金融服务。
CE vs SF — 直观对比
营收规模更大
CE
是对方的2.0倍
$1.1B
营收增速更快
SF
高出30.0%
-7.0%
净利率更高
SF
高出22.8%
0.6%
自由现金流更多
SF
多$201.0M
$168.0M
两年增速更快
SF
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.1B |
| 净利润 | $14.0M | $264.4M |
| 毛利率 | 19.1% | — |
| 营业利润率 | 4.0% | 27.3% |
| 净利率 | 0.6% | 23.5% |
| 营收同比 | -7.0% | 23.0% |
| 净利润同比 | 100.7% | 8.3% |
| 每股收益（稀释后） | $0.13 | $2.30 |
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CESF
| Q4 25 | $2.2B | $1.1B | ||
| Q3 25 | $2.4B | $962.6M | ||
| Q2 25 | $2.5B | $838.9M | ||
| Q1 25 | $2.4B | $842.5M | ||
| Q4 24 | $2.4B | $916.0M | ||
| Q3 24 | $2.6B | $810.9M | ||
| Q2 24 | $2.7B | $798.9M | ||
| Q1 24 | $2.6B | $768.1M |
净利润CESF
| Q4 25 | $14.0M | $264.4M | ||
| Q3 25 | $-1.4B | $211.4M | ||
| Q2 25 | $199.0M | $155.1M | ||
| Q1 25 | $-21.0M | $53.0M | ||
| Q4 24 | $-1.9B | $244.0M | ||
| Q3 24 | $116.0M | $158.5M | ||
| Q2 24 | $155.0M | $165.3M | ||
| Q1 24 | $121.0M | $163.6M |
毛利率CESF
| 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% | — | ||
| Q1 24 | 21.2% | — |
营业利润率CESF
| Q4 25 | 4.0% | 27.3% | ||
| Q3 25 | -52.7% | 29.7% | ||
| Q2 25 | 9.2% | 25.5% | ||
| Q1 25 | 7.0% | 7.5% | ||
| Q4 24 | -59.3% | 29.1% | ||
| Q3 24 | 9.4% | 26.7% | ||
| Q2 24 | 9.4% | 28.4% | ||
| Q1 24 | 8.0% | 28.5% |
净利率CESF
| Q4 25 | 0.6% | 23.5% | ||
| Q3 25 | -56.1% | 22.0% | ||
| Q2 25 | 7.9% | 18.5% | ||
| Q1 25 | -0.9% | 6.3% | ||
| Q4 24 | -80.8% | 26.6% | ||
| Q3 24 | 4.4% | 19.5% | ||
| Q2 24 | 5.8% | 20.7% | ||
| Q1 24 | 4.6% | 21.3% |
每股收益（稀释后）CESF
| Q4 25 | $0.13 | $2.30 | ||
| Q3 25 | $-12.39 | $1.84 | ||
| Q2 25 | $1.81 | $1.34 | ||
| Q1 25 | $-0.19 | $0.39 | ||
| Q4 24 | $-17.50 | $2.10 | ||
| Q3 24 | $1.06 | $1.34 | ||
| Q2 24 | $1.41 | $1.41 | ||
| Q1 24 | $1.10 | $1.40 |
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 | $617.4M |
| 股东权益账面价值 | $4.0B | $6.0B |
| 总资产 | $21.7B | $41.3B |
| 负债/权益比越低杠杆越低 | 2.81× | 0.10× |
8季度趋势，按日历期对齐
现金及短期投资CESF
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $3.4B |
总债务CESF
| Q4 25 | $11.4B | $617.4M | ||
| Q3 25 | $11.7B | $617.2M | ||
| Q2 25 | $12.7B | $617.0M | ||
| Q1 25 | $12.4B | $616.8M | ||
| Q4 24 | $11.1B | $616.6M | ||
| Q3 24 | $11.3B | $616.4M | ||
| Q2 24 | $11.1B | $1.1B | ||
| Q1 24 | $11.0B | $1.1B |
股东权益CESF
| Q4 25 | $4.0B | $6.0B | ||
| Q3 25 | $4.0B | $5.8B | ||
| Q2 25 | $5.3B | $5.6B | ||
| Q1 25 | $5.2B | $5.5B | ||
| Q4 24 | $5.2B | $5.7B | ||
| Q3 24 | $7.3B | $5.6B | ||
| Q2 24 | $7.2B | $5.4B | ||
| Q1 24 | $7.1B | $5.3B |
总资产CESF
| Q4 25 | $21.7B | $41.3B | ||
| Q3 25 | $22.2B | $41.7B | ||
| Q2 25 | $23.7B | $39.9B | ||
| Q1 25 | $23.2B | $40.4B | ||
| Q4 24 | $22.9B | $39.9B | ||
| Q3 24 | $25.9B | $38.9B | ||
| Q2 24 | $25.8B | $37.8B | ||
| Q1 24 | $26.0B | $38.3B |
负债/权益比CESF
| Q4 25 | 2.81× | 0.10× | ||
| Q3 25 | 2.95× | 0.11× | ||
| Q2 25 | 2.41× | 0.11× | ||
| Q1 25 | 2.39× | 0.11× | ||
| Q4 24 | 2.14× | 0.11× | ||
| Q3 24 | 1.56× | 0.11× | ||
| Q2 24 | 1.54× | 0.21× | ||
| Q1 24 | 1.56× | 0.21× |
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 | $382.4M |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $369.0M |
| 自由现金流率自由现金流/营收 | 7.6% | 32.7% |
| 资本支出强度资本支出/营收 | 3.8% | 1.2% |
| 现金转化率经营现金流/净利润 | 18.00× | 1.45× |
| 过去12个月自由现金流最近4个季度 | $803.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流CESF
| Q4 25 | $252.0M | $382.4M | ||
| Q3 25 | $447.0M | $338.3M | ||
| Q2 25 | $410.0M | $607.5M | ||
| Q1 25 | $37.0M | $-211.2M | ||
| Q4 24 | $494.0M | $694.6M | ||
| Q3 24 | $79.0M | $198.3M | ||
| Q2 24 | $292.0M | $207.2M | ||
| Q1 24 | $101.0M | $-609.7M |
自由现金流CESF
| Q4 25 | $168.0M | $369.0M | ||
| Q3 25 | $383.0M | $321.1M | ||
| Q2 25 | $317.0M | $592.7M | ||
| Q1 25 | $-65.0M | $-227.8M | ||
| Q4 24 | $389.0M | $677.2M | ||
| Q3 24 | $-9.0M | $185.6M | ||
| Q2 24 | $187.0M | $173.3M | ||
| Q1 24 | $-36.0M | $-619.4M |
自由现金流率CESF
| Q4 25 | 7.6% | 32.7% | ||
| Q3 25 | 15.8% | 33.4% | ||
| Q2 25 | 12.5% | 70.6% | ||
| Q1 25 | -2.7% | -27.0% | ||
| Q4 24 | 16.4% | 73.9% | ||
| Q3 24 | -0.3% | 22.9% | ||
| Q2 24 | 7.1% | 21.7% | ||
| Q1 24 | -1.4% | -80.6% |
资本支出强度CESF
| Q4 25 | 3.8% | 1.2% | ||
| Q3 25 | 2.6% | 1.8% | ||
| Q2 25 | 3.7% | 1.8% | ||
| Q1 25 | 4.3% | 2.0% | ||
| Q4 24 | 4.4% | 1.9% | ||
| Q3 24 | 3.3% | 1.6% | ||
| Q2 24 | 4.0% | 4.2% | ||
| Q1 24 | 5.2% | 1.3% |
现金转化率CESF
| Q4 25 | 18.00× | 1.45× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | 2.06× | 3.92× | ||
| Q1 25 | — | -3.99× | ||
| Q4 24 | — | 2.85× | ||
| Q3 24 | 0.68× | 1.25× | ||
| Q2 24 | 1.88× | 1.25× | ||
| Q1 24 | 0.83× | -3.73× |
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% |
SF
暂无分部数据
