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塞拉尼斯（CE）与SILGAN HOLDINGS INC（SLGN）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SILGAN HOLDINGS INC的1.5倍（$2.2B vs $1.5B），SILGAN HOLDINGS INC净利率更高（1.2% vs 0.6%，领先0.6%），SILGAN HOLDINGS INC同比增速更快（4.1% vs -7.0%），SILGAN HOLDINGS INC自由现金流更多（$1.2B vs $168.0M），过去两年SILGAN HOLDINGS INC的营收复合增速更高（5.6% 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。
西尔根控股是一家总部位于美国康涅狄格州的消费品包装制造企业，1987年由原大陆制罐公司的两名高管菲尔·西尔弗与格雷格·霍里根共同创立，公司名称正是取自两位创始人的名字组合，目前在全球包装供应链中占据重要市场地位，为众多快消品牌提供各类包装解决方案。
CE vs SLGN — 直观对比
营收规模更大
CE
是对方的1.5倍
$1.5B
营收增速更快
SLGN
高出11.1%
-7.0%
净利率更高
SLGN
高出0.6%
0.6%
自由现金流更多
SLGN
多$1.1B
$168.0M
两年增速更快
SLGN
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.5B |
| 净利润 | $14.0M | $18.2M |
| 毛利率 | 19.1% | 17.2% |
| 营业利润率 | 4.0% | 3.6% |
| 净利率 | 0.6% | 1.2% |
| 营收同比 | -7.0% | 4.1% |
| 净利润同比 | 100.7% | -59.6% |
| 每股收益（稀释后） | $0.13 | $0.18 |
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CESLGN
| Q4 25 | $2.2B | $1.5B | ||
| Q3 25 | $2.4B | $2.0B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.4B | $1.5B | ||
| Q4 24 | $2.4B | $1.4B | ||
| Q3 24 | $2.6B | $1.7B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.6B | $1.3B |
净利润CESLGN
| Q4 25 | $14.0M | $18.2M | ||
| Q3 25 | $-1.4B | $113.3M | ||
| Q2 25 | $199.0M | $88.9M | ||
| Q1 25 | $-21.0M | $68.0M | ||
| Q4 24 | $-1.9B | $45.1M | ||
| Q3 24 | $116.0M | $100.1M | ||
| Q2 24 | $155.0M | $76.1M | ||
| Q1 24 | $121.0M | $55.2M |
毛利率CESLGN
| Q4 25 | 19.1% | 17.2% | ||
| Q3 25 | 21.5% | 16.3% | ||
| Q2 25 | 21.1% | 19.4% | ||
| Q1 25 | 19.9% | 18.4% | ||
| Q4 24 | 22.7% | 16.9% | ||
| Q3 24 | 23.5% | 16.8% | ||
| Q2 24 | 24.2% | 18.5% | ||
| Q1 24 | 21.2% | 17.0% |
营业利润率CESLGN
| Q4 25 | 4.0% | 3.6% | ||
| Q3 25 | -52.7% | 7.4% | ||
| Q2 25 | 9.2% | 7.7% | ||
| Q1 25 | 7.0% | 6.0% | ||
| Q4 24 | -59.3% | 3.4% | ||
| Q3 24 | 9.4% | 7.2% | ||
| Q2 24 | 9.4% | 7.3% | ||
| Q1 24 | 8.0% | 5.5% |
净利率CESLGN
| Q4 25 | 0.6% | 1.2% | ||
| Q3 25 | -56.1% | 5.6% | ||
| Q2 25 | 7.9% | 5.8% | ||
| Q1 25 | -0.9% | 4.6% | ||
| Q4 24 | -80.8% | 3.2% | ||
| Q3 24 | 4.4% | 5.7% | ||
| Q2 24 | 5.8% | 5.5% | ||
| Q1 24 | 4.6% | 4.2% |
每股收益（稀释后）CESLGN
| Q4 25 | $0.13 | $0.18 | ||
| Q3 25 | $-12.39 | $1.06 | ||
| Q2 25 | $1.81 | $0.83 | ||
| Q1 25 | $-0.19 | $0.63 | ||
| Q4 24 | $-17.50 | $0.42 | ||
| Q3 24 | $1.06 | $0.93 | ||
| Q2 24 | $1.41 | $0.71 | ||
| Q1 24 | $1.10 | $0.52 |
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 | — | $1.1B |
| 总债务越低越好 | $11.4B | — |
| 股东权益账面价值 | $4.0B | $2.3B |
| 总资产 | $21.7B | $9.4B |
| 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CESLGN
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $389.2M | ||
| Q2 25 | — | $317.5M | ||
| Q1 25 | — | $353.0M | ||
| Q4 24 | — | $822.9M | ||
| Q3 24 | — | $368.5M | ||
| Q2 24 | — | $302.8M | ||
| Q1 24 | — | $308.6M |
总债务CESLGN
| 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CESLGN
| Q4 25 | $4.0B | $2.3B | ||
| Q3 25 | $4.0B | $2.3B | ||
| Q2 25 | $5.3B | $2.2B | ||
| Q1 25 | $5.2B | $2.1B | ||
| Q4 24 | $5.2B | $2.0B | ||
| Q3 24 | $7.3B | $2.1B | ||
| Q2 24 | $7.2B | $1.9B | ||
| Q1 24 | $7.1B | $1.9B |
总资产CESLGN
| Q4 25 | $21.7B | $9.4B | ||
| Q3 25 | $22.2B | $9.5B | ||
| Q2 25 | $23.7B | $9.4B | ||
| Q1 25 | $23.2B | $8.8B | ||
| Q4 24 | $22.9B | $8.6B | ||
| Q3 24 | $25.9B | $7.7B | ||
| Q2 24 | $25.8B | $7.7B | ||
| Q1 24 | $26.0B | $7.6B |
负债/权益比CESLGN
| 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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $1.2B |
| 自由现金流率自由现金流/营收 | 7.6% | 83.2% |
| 资本支出强度资本支出/营收 | 3.8% | 4.9% |
| 现金转化率经营现金流/净利润 | 18.00× | 71.07× |
| 过去12个月自由现金流最近4个季度 | $803.0M | $422.7M |
8季度趋势，按日历期对齐
经营现金流CESLGN
| Q4 25 | $252.0M | $1.3B | ||
| Q3 25 | $447.0M | $340.9M | ||
| Q2 25 | $410.0M | $-221.4M | ||
| Q1 25 | $37.0M | $-683.4M | ||
| Q4 24 | $494.0M | $935.8M | ||
| Q3 24 | $79.0M | $313.0M | ||
| Q2 24 | $292.0M | $20.9M | ||
| Q1 24 | $101.0M | $-547.8M |
自由现金流CESLGN
| Q4 25 | $168.0M | $1.2B | ||
| Q3 25 | $383.0M | $260.8M | ||
| Q2 25 | $317.0M | $-294.2M | ||
| Q1 25 | $-65.0M | $-766.3M | ||
| Q4 24 | $389.0M | $865.0M | ||
| Q3 24 | $-9.0M | $252.4M | ||
| Q2 24 | $187.0M | $-35.3M | ||
| Q1 24 | $-36.0M | $-623.1M |
自由现金流率CESLGN
| Q4 25 | 7.6% | 83.2% | ||
| Q3 25 | 15.8% | 13.0% | ||
| Q2 25 | 12.5% | -19.1% | ||
| Q1 25 | -2.7% | -52.2% | ||
| Q4 24 | 16.4% | 61.3% | ||
| Q3 24 | -0.3% | 14.5% | ||
| Q2 24 | 7.1% | -2.6% | ||
| Q1 24 | -1.4% | -47.3% |
资本支出强度CESLGN
| Q4 25 | 3.8% | 4.9% | ||
| Q3 25 | 2.6% | 4.0% | ||
| Q2 25 | 3.7% | 4.7% | ||
| Q1 25 | 4.3% | 5.7% | ||
| Q4 24 | 4.4% | 5.0% | ||
| Q3 24 | 3.3% | 3.5% | ||
| Q2 24 | 4.0% | 4.1% | ||
| Q1 24 | 5.2% | 5.7% |
现金转化率CESLGN
| Q4 25 | 18.00× | 71.07× | ||
| Q3 25 | — | 3.01× | ||
| Q2 25 | 2.06× | -2.49× | ||
| Q1 25 | — | -10.06× | ||
| Q4 24 | — | 20.77× | ||
| Q3 24 | 0.68× | 3.13× | ||
| Q2 24 | 1.88× | 0.27× | ||
| Q1 24 | 0.83× | -9.93× |
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% |
SLGN
| Metal Containers | $675.6M | 46% |
| Dispensing And Specialty Closures | $643.6M | 44% |
| Custom Containers | $149.4M | 10% |
