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塞拉尼斯（CE）与United Rentals（URI）财务数据对比。点击上方公司名可切换其他公司
United Rentals的季度营收约是塞拉尼斯的1.8倍（$4.0B vs $2.2B），United Rentals净利率更高（13.3% vs 0.6%，领先12.7%），United Rentals同比增速更快（7.2% vs -7.0%），United Rentals自由现金流更多（$1.1B vs $168.0M），过去两年United Rentals的营收复合增速更高（114.0% 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。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
CE vs URI — 直观对比
营收规模更大
URI
是对方的1.8倍
$2.2B
营收增速更快
URI
高出14.2%
-7.0%
净利率更高
URI
高出12.7%
0.6%
自由现金流更多
URI
多$886.0M
$168.0M
两年增速更快
URI
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $4.0B |
| 净利润 | $14.0M | $531.0M |
| 毛利率 | 19.1% | 36.9% |
| 营业利润率 | 4.0% | 21.8% |
| 净利率 | 0.6% | 13.3% |
| 营收同比 | -7.0% | 7.2% |
| 净利润同比 | 100.7% | 2.5% |
| 每股收益（稀释后） | $0.13 | $8.43 |
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CEURI
| Q1 26 | — | $4.0B | ||
| Q4 25 | $2.2B | $992.0M | ||
| Q3 25 | $2.4B | $938.0M | ||
| Q2 25 | $2.5B | $872.0M | ||
| Q1 25 | $2.4B | $893.0M | ||
| Q4 24 | $2.4B | $1.0B | ||
| Q3 24 | $2.6B | $874.0M | ||
| Q2 24 | $2.7B | $870.0M |
净利润CEURI
| Q1 26 | — | $531.0M | ||
| Q4 25 | $14.0M | $653.0M | ||
| Q3 25 | $-1.4B | $701.0M | ||
| Q2 25 | $199.0M | $622.0M | ||
| Q1 25 | $-21.0M | $518.0M | ||
| Q4 24 | $-1.9B | $689.0M | ||
| Q3 24 | $116.0M | $708.0M | ||
| Q2 24 | $155.0M | $636.0M |
毛利率CEURI
| Q1 26 | — | 36.9% | ||
| 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% | — |
营业利润率CEURI
| Q1 26 | — | 21.8% | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | -52.7% | — | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | 7.0% | 90.0% | ||
| Q4 24 | -59.3% | — | ||
| Q3 24 | 9.4% | — | ||
| Q2 24 | 9.4% | — |
净利率CEURI
| Q1 26 | — | 13.3% | ||
| Q4 25 | 0.6% | 65.8% | ||
| Q3 25 | -56.1% | 74.7% | ||
| Q2 25 | 7.9% | 71.3% | ||
| Q1 25 | -0.9% | 58.0% | ||
| Q4 24 | -80.8% | 67.6% | ||
| Q3 24 | 4.4% | 81.0% | ||
| Q2 24 | 5.8% | 73.1% |
每股收益（稀释后）CEURI
| Q1 26 | — | $8.43 | ||
| Q4 25 | $0.13 | $10.20 | ||
| Q3 25 | $-12.39 | $10.91 | ||
| Q2 25 | $1.81 | $9.59 | ||
| Q1 25 | $-0.19 | $7.91 | ||
| Q4 24 | $-17.50 | $10.41 | ||
| Q3 24 | $1.06 | $10.70 | ||
| Q2 24 | $1.41 | $9.54 |
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 | — | $156.0M |
| 总债务越低越好 | $11.4B | $13.9B |
| 股东权益账面价值 | $4.0B | $9.0B |
| 总资产 | $21.7B | $29.9B |
| 负债/权益比越低杠杆越低 | 2.81× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资CEURI
| Q1 26 | — | $156.0M | ||
| Q4 25 | — | $459.0M | ||
| Q3 25 | — | $512.0M | ||
| Q2 25 | — | $548.0M | ||
| Q1 25 | — | $542.0M | ||
| Q4 24 | — | $457.0M | ||
| Q3 24 | — | $479.0M | ||
| Q2 24 | — | $467.0M |
总债务CEURI
| Q1 26 | — | $13.9B | ||
| Q4 25 | $11.4B | $12.7B | ||
| Q3 25 | $11.7B | $12.6B | ||
| Q2 25 | $12.7B | $12.1B | ||
| Q1 25 | $12.4B | $11.5B | ||
| Q4 24 | $11.1B | $12.2B | ||
| Q3 24 | $11.3B | $11.9B | ||
| Q2 24 | $11.1B | $11.5B |
股东权益CEURI
| Q1 26 | — | $9.0B | ||
| Q4 25 | $4.0B | $9.0B | ||
| Q3 25 | $4.0B | $9.0B | ||
| Q2 25 | $5.3B | $9.0B | ||
| Q1 25 | $5.2B | $8.8B | ||
| Q4 24 | $5.2B | $8.6B | ||
| Q3 24 | $7.3B | $8.6B | ||
| Q2 24 | $7.2B | $8.3B |
总资产CEURI
| Q1 26 | — | $29.9B | ||
| Q4 25 | $21.7B | $29.9B | ||
| Q3 25 | $22.2B | $30.1B | ||
| Q2 25 | $23.7B | $29.2B | ||
| Q1 25 | $23.2B | $28.1B | ||
| Q4 24 | $22.9B | $28.2B | ||
| Q3 24 | $25.9B | $28.4B | ||
| Q2 24 | $25.8B | $27.6B |
负债/权益比CEURI
| Q1 26 | — | 1.55× | ||
| Q4 25 | 2.81× | 1.41× | ||
| Q3 25 | 2.95× | 1.40× | ||
| Q2 25 | 2.41× | 1.34× | ||
| Q1 25 | 2.39× | 1.31× | ||
| Q4 24 | 2.14× | 1.42× | ||
| Q3 24 | 1.56× | 1.38× | ||
| Q2 24 | 1.54× | 1.39× |
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 | $252.0M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $1.1B |
| 自由现金流率自由现金流/营收 | 7.6% | 26.4% |
| 资本支出强度资本支出/营收 | 3.8% | — |
| 现金转化率经营现金流/净利润 | 18.00× | 2.85× |
| 过去12个月自由现金流最近4个季度 | $803.0M | — |
8季度趋势，按日历期对齐
经营现金流CEURI
| Q1 26 | — | $1.5B | ||
| Q4 25 | $252.0M | $1.3B | ||
| Q3 25 | $447.0M | $1.2B | ||
| Q2 25 | $410.0M | $1.3B | ||
| Q1 25 | $37.0M | $1.4B | ||
| Q4 24 | $494.0M | $1.0B | ||
| Q3 24 | $79.0M | $1.2B | ||
| Q2 24 | $292.0M | $1.3B |
自由现金流CEURI
| Q1 26 | — | $1.1B | ||
| Q4 25 | $168.0M | — | ||
| Q3 25 | $383.0M | — | ||
| Q2 25 | $317.0M | — | ||
| Q1 25 | $-65.0M | — | ||
| Q4 24 | $389.0M | $471.0M | ||
| Q3 24 | $-9.0M | $-168.0M | ||
| Q2 24 | $187.0M | $-263.0M |
自由现金流率CEURI
| Q1 26 | — | 26.4% | ||
| Q4 25 | 7.6% | — | ||
| Q3 25 | 15.8% | — | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | 16.4% | 46.2% | ||
| Q3 24 | -0.3% | -19.2% | ||
| Q2 24 | 7.1% | -30.2% |
资本支出强度CEURI
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 4.4% | 56.6% | ||
| Q3 24 | 3.3% | 157.0% | ||
| Q2 24 | 4.0% | 175.6% |
现金转化率CEURI
| Q1 26 | — | 2.85× | ||
| Q4 25 | 18.00× | 1.92× | ||
| Q3 25 | — | 1.68× | ||
| Q2 25 | 2.06× | 2.14× | ||
| Q1 25 | — | 2.75× | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | 0.68× | 1.70× | ||
| Q2 24 | 1.88× | 1.99× |
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% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
