vs
塞拉尼斯（CE）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
史丹利百得的季度营收约是塞拉尼斯的1.7倍（$3.8B vs $2.2B），史丹利百得净利率更高（1.4% vs 0.6%，领先0.7%），史丹利百得同比增速更快（0.1% vs -7.0%），塞拉尼斯自由现金流更多（$168.0M vs $155.3M），过去两年史丹利百得的营收复合增速更高（0.3% 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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
CE vs SWK — 直观对比
营收规模更大
SWK
是对方的1.7倍
$2.2B
营收增速更快
SWK
高出7.1%
-7.0%
净利率更高
SWK
高出0.7%
0.6%
自由现金流更多
CE
多$12.7M
$155.3M
两年增速更快
SWK
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.8B |
| 净利润 | $14.0M | $51.4M |
| 毛利率 | 19.1% | 31.4% |
| 营业利润率 | 4.0% | — |
| 净利率 | 0.6% | 1.4% |
| 营收同比 | -7.0% | 0.1% |
| 净利润同比 | 100.7% | -43.6% |
| 每股收益（稀释后） | $0.13 | $0.34 |
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CESWK
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.4B | $3.8B | ||
| Q2 25 | $2.5B | $3.9B | ||
| Q1 25 | $2.4B | $3.7B | ||
| Q4 24 | $2.4B | $3.7B | ||
| Q3 24 | $2.6B | $3.8B | ||
| Q2 24 | $2.7B | $4.0B | ||
| Q1 24 | $2.6B | $3.9B |
净利润CESWK
| Q4 25 | $14.0M | — | ||
| Q3 25 | $-1.4B | $51.4M | ||
| Q2 25 | $199.0M | $101.9M | ||
| Q1 25 | $-21.0M | $90.4M | ||
| Q4 24 | $-1.9B | $194.9M | ||
| Q3 24 | $116.0M | $91.1M | ||
| Q2 24 | $155.0M | $-11.2M | ||
| Q1 24 | $121.0M | $19.5M |
毛利率CESWK
| Q4 25 | 19.1% | — | ||
| Q3 25 | 21.5% | 31.4% | ||
| Q2 25 | 21.1% | 27.0% | ||
| Q1 25 | 19.9% | 29.9% | ||
| Q4 24 | 22.7% | 30.8% | ||
| Q3 24 | 23.5% | 29.9% | ||
| Q2 24 | 24.2% | 28.4% | ||
| Q1 24 | 21.2% | 28.6% |
营业利润率CESWK
| Q4 25 | 4.0% | — | ||
| Q3 25 | -52.7% | — | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | 7.0% | — | ||
| Q4 24 | -59.3% | 3.4% | ||
| Q3 24 | 9.4% | 10.6% | ||
| Q2 24 | 9.4% | 9.5% | ||
| Q1 24 | 8.0% | 8.3% |
净利率CESWK
| Q4 25 | 0.6% | — | ||
| Q3 25 | -56.1% | 1.4% | ||
| Q2 25 | 7.9% | 2.6% | ||
| Q1 25 | -0.9% | 2.4% | ||
| Q4 24 | -80.8% | 5.2% | ||
| Q3 24 | 4.4% | 2.4% | ||
| Q2 24 | 5.8% | -0.3% | ||
| Q1 24 | 4.6% | 0.5% |
每股收益（稀释后）CESWK
| Q4 25 | $0.13 | — | ||
| Q3 25 | $-12.39 | $0.34 | ||
| Q2 25 | $1.81 | $0.67 | ||
| Q1 25 | $-0.19 | $0.60 | ||
| Q4 24 | $-17.50 | $1.29 | ||
| Q3 24 | $1.06 | $0.60 | ||
| Q2 24 | $1.41 | $-0.07 | ||
| Q1 24 | $1.10 | $0.13 |
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 | — | $268.3M |
| 总债务越低越好 | $11.4B | $5.3B |
| 股东权益账面价值 | $4.0B | $9.0B |
| 总资产 | $21.7B | $21.8B |
| 负债/权益比越低杠杆越低 | 2.81× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资CESWK
| Q4 25 | — | — | ||
| Q3 25 | — | $268.3M | ||
| Q2 25 | — | $311.8M | ||
| Q1 25 | — | $344.8M | ||
| Q4 24 | — | $290.5M | ||
| Q3 24 | — | $298.7M | ||
| Q2 24 | — | $318.5M | ||
| Q1 24 | — | $476.6M |
总债务CESWK
| Q4 25 | $11.4B | — | ||
| Q3 25 | $11.7B | $5.3B | ||
| Q2 25 | $12.7B | $5.6B | ||
| Q1 25 | $12.4B | $5.6B | ||
| Q4 24 | $11.1B | $6.1B | ||
| Q3 24 | $11.3B | $6.1B | ||
| Q2 24 | $11.1B | $6.1B | ||
| Q1 24 | $11.0B | $6.1B |
股东权益CESWK
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.0B | $9.0B | ||
| Q2 25 | $5.3B | $9.1B | ||
| Q1 25 | $5.2B | $8.8B | ||
| Q4 24 | $5.2B | $8.7B | ||
| Q3 24 | $7.3B | $8.9B | ||
| Q2 24 | $7.2B | $8.7B | ||
| Q1 24 | $7.1B | $8.9B |
总资产CESWK
| Q4 25 | $21.7B | — | ||
| Q3 25 | $22.2B | $21.8B | ||
| Q2 25 | $23.7B | $22.5B | ||
| Q1 25 | $23.2B | $22.5B | ||
| Q4 24 | $22.9B | $21.8B | ||
| Q3 24 | $25.9B | $22.5B | ||
| Q2 24 | $25.8B | $22.5B | ||
| Q1 24 | $26.0B | $23.9B |
负债/权益比CESWK
| Q4 25 | 2.81× | — | ||
| Q3 25 | 2.95× | 0.59× | ||
| Q2 25 | 2.41× | 0.62× | ||
| Q1 25 | 2.39× | 0.63× | ||
| Q4 24 | 2.14× | 0.70× | ||
| Q3 24 | 1.56× | 0.69× | ||
| Q2 24 | 1.54× | 0.70× | ||
| Q1 24 | 1.56× | 0.69× |
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 | $221.2M |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $155.3M |
| 自由现金流率自由现金流/营收 | 7.6% | 4.1% |
| 资本支出强度资本支出/营收 | 3.8% | 1.8% |
| 现金转化率经营现金流/净利润 | 18.00× | 4.30× |
| 过去12个月自由现金流最近4个季度 | $803.0M | $369.6M |
8季度趋势，按日历期对齐
经营现金流CESWK
| Q4 25 | $252.0M | — | ||
| Q3 25 | $447.0M | $221.2M | ||
| Q2 25 | $410.0M | $214.3M | ||
| Q1 25 | $37.0M | $-420.0M | ||
| Q4 24 | $494.0M | $679.1M | ||
| Q3 24 | $79.0M | $285.8M | ||
| Q2 24 | $292.0M | $573.0M | ||
| Q1 24 | $101.0M | $-431.0M |
自由现金流CESWK
| Q4 25 | $168.0M | — | ||
| Q3 25 | $383.0M | $155.3M | ||
| Q2 25 | $317.0M | $134.7M | ||
| Q1 25 | $-65.0M | $-485.0M | ||
| Q4 24 | $389.0M | $564.6M | ||
| Q3 24 | $-9.0M | $199.3M | ||
| Q2 24 | $187.0M | $485.8M | ||
| Q1 24 | $-36.0M | $-496.7M |
自由现金流率CESWK
| Q4 25 | 7.6% | — | ||
| Q3 25 | 15.8% | 4.1% | ||
| Q2 25 | 12.5% | 3.4% | ||
| Q1 25 | -2.7% | -13.0% | ||
| Q4 24 | 16.4% | 15.2% | ||
| Q3 24 | -0.3% | 5.3% | ||
| Q2 24 | 7.1% | 12.1% | ||
| Q1 24 | -1.4% | -12.8% |
资本支出强度CESWK
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.6% | 1.8% | ||
| Q2 25 | 3.7% | 2.0% | ||
| Q1 25 | 4.3% | 1.7% | ||
| Q4 24 | 4.4% | 3.1% | ||
| Q3 24 | 3.3% | 2.3% | ||
| Q2 24 | 4.0% | 2.2% | ||
| Q1 24 | 5.2% | 1.7% |
现金转化率CESWK
| Q4 25 | 18.00× | — | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | 2.06× | 2.10× | ||
| Q1 25 | — | -4.65× | ||
| Q4 24 | — | 3.48× | ||
| Q3 24 | 0.68× | 3.14× | ||
| Q2 24 | 1.88× | — | ||
| Q1 24 | 0.83× | -22.10× |
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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
