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塞拉尼斯（CE）与Taylor Morrison Home Corp（TMHC）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Taylor Morrison Home Corp的1.7倍（$2.3B vs $1.4B），Taylor Morrison Home Corp净利率更高（7.1% vs 2.1%，领先5.1%），塞拉尼斯同比增速更快（-2.2% vs -26.8%），过去两年塞拉尼斯的营收复合增速更高（-6.1% vs -16.5%）
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。
泰勒莫里森住房公司是美国规模最大的住宅建筑商之一，总部位于亚利桑那州斯科茨代尔，2007年7月由泰勒伍德罗与莫里森住房合并成立。公司业务覆盖亚利桑那、加利福尼亚、得克萨斯等十余个州，产品涵盖首次置业、中端及中高端住宅，可满足不同层级客户的住房需求。
CE vs TMHC — 直观对比
营收规模更大
CE
是对方的1.7倍
$1.4B
营收增速更快
CE
高出24.7%
-26.8%
净利率更高
TMHC
高出5.1%
2.1%
两年增速更快
CE
近两年复合增速
-16.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.4B |
| 净利润 | $48.0M | $98.6M |
| 毛利率 | 20.0% | 21.0% |
| 营业利润率 | — | — |
| 净利率 | 2.1% | 7.1% |
| 营收同比 | -2.2% | -26.8% |
| 净利润同比 | 340.0% | -53.8% |
| 每股收益（稀释后） | $0.41 | $1.12 |
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CETMHC
| Q1 26 | $2.3B | $1.4B | ||
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.4B | $2.1B | ||
| Q2 25 | $2.5B | $2.0B | ||
| Q1 25 | $2.4B | $1.9B | ||
| Q4 24 | $2.4B | $2.4B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.7B | $2.0B |
净利润CETMHC
| Q1 26 | $48.0M | $98.6M | ||
| Q4 25 | $14.0M | $174.0M | ||
| Q3 25 | $-1.4B | $201.4M | ||
| Q2 25 | $199.0M | $193.6M | ||
| Q1 25 | $-21.0M | $213.5M | ||
| Q4 24 | $-1.9B | $242.5M | ||
| Q3 24 | $116.0M | $251.1M | ||
| Q2 24 | $155.0M | $199.5M |
毛利率CETMHC
| Q1 26 | 20.0% | 21.0% | ||
| Q4 25 | 19.1% | 22.0% | ||
| Q3 25 | 21.5% | 22.7% | ||
| Q2 25 | 21.1% | 23.0% | ||
| Q1 25 | 19.9% | 24.4% | ||
| Q4 24 | 22.7% | 23.9% | ||
| Q3 24 | 23.5% | 25.0% | ||
| Q2 24 | 24.2% | 23.7% |
营业利润率CETMHC
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | -52.7% | — | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | 7.0% | — | ||
| Q4 24 | -59.3% | — | ||
| Q3 24 | 9.4% | — | ||
| Q2 24 | 9.4% | — |
净利率CETMHC
| Q1 26 | 2.1% | 7.1% | ||
| Q4 25 | 0.6% | 8.3% | ||
| Q3 25 | -56.1% | 9.6% | ||
| Q2 25 | 7.9% | 9.5% | ||
| Q1 25 | -0.9% | 11.3% | ||
| Q4 24 | -80.8% | 10.3% | ||
| Q3 24 | 4.4% | 11.8% | ||
| Q2 24 | 5.8% | 10.0% |
每股收益（稀释后）CETMHC
| Q1 26 | $0.41 | $1.12 | ||
| Q4 25 | $0.13 | $1.77 | ||
| Q3 25 | $-12.39 | $2.01 | ||
| Q2 25 | $1.81 | $1.92 | ||
| Q1 25 | $-0.19 | $2.07 | ||
| Q4 24 | $-17.50 | $2.29 | ||
| Q3 24 | $1.06 | $2.37 | ||
| Q2 24 | $1.41 | $1.86 |
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 | $1.8M | $652.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.5M | $6.2B |
| 总资产 | $21.7M | $9.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CETMHC
| Q1 26 | $1.8M | $652.9M | ||
| Q4 25 | — | $850.0M | ||
| Q3 25 | — | $370.6M | ||
| Q2 25 | — | $130.2M | ||
| Q1 25 | — | $377.8M | ||
| Q4 24 | — | $487.2M | ||
| Q3 24 | — | $256.4M | ||
| Q2 24 | — | $246.8M |
总债务CETMHC
| Q1 26 | — | — | ||
| Q4 25 | $11.4B | $2.3B | ||
| Q3 25 | $11.7B | $2.2B | ||
| Q2 25 | $12.7B | $2.1B | ||
| Q1 25 | $12.4B | $2.1B | ||
| Q4 24 | $11.1B | $2.1B | ||
| Q3 24 | $11.3B | $2.1B | ||
| Q2 24 | $11.1B | $2.2B |
股东权益CETMHC
| Q1 26 | $4.5M | $6.2B | ||
| Q4 25 | $4.0B | $6.3B | ||
| Q3 25 | $4.0B | $6.2B | ||
| Q2 25 | $5.3B | $6.1B | ||
| Q1 25 | $5.2B | $6.0B | ||
| Q4 24 | $5.2B | $5.9B | ||
| Q3 24 | $7.3B | $5.7B | ||
| Q2 24 | $7.2B | $5.5B |
总资产CETMHC
| Q1 26 | $21.7M | $9.8B | ||
| Q4 25 | $21.7B | $9.8B | ||
| Q3 25 | $22.2B | $9.6B | ||
| Q2 25 | $23.7B | $9.5B | ||
| Q1 25 | $23.2B | $9.4B | ||
| Q4 24 | $22.9B | $9.3B | ||
| Q3 24 | $25.9B | $9.3B | ||
| Q2 24 | $25.8B | $9.1B |
负债/权益比CETMHC
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 0.36× | ||
| Q3 25 | 2.95× | 0.35× | ||
| Q2 25 | 2.41× | 0.35× | ||
| Q1 25 | 2.39× | 0.35× | ||
| Q4 24 | 2.14× | 0.36× | ||
| Q3 24 | 1.56× | 0.37× | ||
| Q2 24 | 1.54× | 0.39× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $3.0M | — |
| 自由现金流率自由现金流/营收 | 0.1% | — |
| 资本支出强度资本支出/营收 | 2.8% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $871.0M | — |
8季度趋势，按日历期对齐
经营现金流CETMHC
| Q1 26 | — | — | ||
| Q4 25 | $252.0M | $646.4M | ||
| Q3 25 | $447.0M | $219.6M | ||
| Q2 25 | $410.0M | $-126.0M | ||
| Q1 25 | $37.0M | $77.2M | ||
| Q4 24 | $494.0M | $438.2M | ||
| Q3 24 | $79.0M | $135.9M | ||
| Q2 24 | $292.0M | $-233.3M |
自由现金流CETMHC
| Q1 26 | $3.0M | — | ||
| Q4 25 | $168.0M | $635.3M | ||
| Q3 25 | $383.0M | $206.6M | ||
| Q2 25 | $317.0M | $-133.6M | ||
| Q1 25 | $-65.0M | $68.7M | ||
| Q4 24 | $389.0M | $428.2M | ||
| Q3 24 | $-9.0M | $127.1M | ||
| Q2 24 | $187.0M | $-241.7M |
自由现金流率CETMHC
| Q1 26 | 0.1% | — | ||
| Q4 25 | 7.6% | 30.3% | ||
| Q3 25 | 15.8% | 9.9% | ||
| Q2 25 | 12.5% | -6.6% | ||
| Q1 25 | -2.7% | 3.6% | ||
| Q4 24 | 16.4% | 18.2% | ||
| Q3 24 | -0.3% | 6.0% | ||
| Q2 24 | 7.1% | -12.1% |
资本支出强度CETMHC
| Q1 26 | 2.8% | — | ||
| Q4 25 | 3.8% | 0.5% | ||
| Q3 25 | 2.6% | 0.6% | ||
| Q2 25 | 3.7% | 0.4% | ||
| Q1 25 | 4.3% | 0.4% | ||
| Q4 24 | 4.4% | 0.4% | ||
| Q3 24 | 3.3% | 0.4% | ||
| Q2 24 | 4.0% | 0.4% |
现金转化率CETMHC
| Q1 26 | — | — | ||
| Q4 25 | 18.00× | 3.71× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | 2.06× | -0.65× | ||
| Q1 25 | — | 0.36× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 0.68× | 0.54× | ||
| Q2 24 | 1.88× | -1.17× |
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
暂无分部数据
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
