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塞拉尼斯（CE）与Veralto（VLTO）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Veralto的1.5倍（$2.2B vs $1.4B），Veralto净利率更高（17.9% vs 0.6%，领先17.2%），Veralto同比增速更快（6.8% vs -7.0%），Veralto自由现金流更多（$170.0M vs $168.0M），过去两年Veralto的营收复合增速更高（6.8% 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。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
CE vs VLTO — 直观对比
营收规模更大
CE
是对方的1.5倍
$1.4B
营收增速更快
VLTO
高出13.8%
-7.0%
净利率更高
VLTO
高出17.2%
0.6%
自由现金流更多
VLTO
多$2.0M
$168.0M
两年增速更快
VLTO
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.4B |
| 净利润 | $14.0M | $254.0M |
| 毛利率 | 19.1% | 60.1% |
| 营业利润率 | 4.0% | 23.8% |
| 净利率 | 0.6% | 17.9% |
| 营收同比 | -7.0% | 6.8% |
| 净利润同比 | 100.7% | 12.9% |
| 每股收益（稀释后） | $0.13 | $1.02 |
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CEVLTO
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.4B | $1.4B | ||
| Q2 25 | $2.5B | $1.3B | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.6B | $1.3B | ||
| Q2 24 | $2.7B | $1.3B |
净利润CEVLTO
| Q1 26 | — | $254.0M | ||
| Q4 25 | $14.0M | $239.0M | ||
| Q3 25 | $-1.4B | $222.0M | ||
| Q2 25 | $199.0M | $225.0M | ||
| Q1 25 | $-21.0M | — | ||
| Q4 24 | $-1.9B | $227.0M | ||
| Q3 24 | $116.0M | $219.0M | ||
| Q2 24 | $155.0M | $203.0M |
毛利率CEVLTO
| Q1 26 | — | 60.1% | ||
| Q4 25 | 19.1% | 60.1% | ||
| Q3 25 | 21.5% | 60.0% | ||
| Q2 25 | 21.1% | 60.4% | ||
| Q1 25 | 19.9% | — | ||
| Q4 24 | 22.7% | 59.6% | ||
| Q3 24 | 23.5% | 59.6% | ||
| Q2 24 | 24.2% | 60.1% |
营业利润率CEVLTO
| Q1 26 | — | 23.8% | ||
| Q4 25 | 4.0% | 23.2% | ||
| Q3 25 | -52.7% | 22.8% | ||
| Q2 25 | 9.2% | 24.2% | ||
| Q1 25 | 7.0% | — | ||
| Q4 24 | -59.3% | 22.9% | ||
| Q3 24 | 9.4% | 23.4% | ||
| Q2 24 | 9.4% | 23.2% |
净利率CEVLTO
| Q1 26 | — | 17.9% | ||
| Q4 25 | 0.6% | 17.0% | ||
| Q3 25 | -56.1% | 16.2% | ||
| Q2 25 | 7.9% | 16.9% | ||
| Q1 25 | -0.9% | — | ||
| Q4 24 | -80.8% | 16.9% | ||
| Q3 24 | 4.4% | 16.7% | ||
| Q2 24 | 5.8% | 15.8% |
每股收益（稀释后）CEVLTO
| Q1 26 | — | $1.02 | ||
| Q4 25 | $0.13 | $0.95 | ||
| Q3 25 | $-12.39 | $0.89 | ||
| Q2 25 | $1.81 | $0.90 | ||
| Q1 25 | $-0.19 | — | ||
| Q4 24 | $-17.50 | $0.91 | ||
| Q3 24 | $1.06 | $0.88 | ||
| Q2 24 | $1.41 | $0.81 |
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 | — | — |
| 总债务越低越好 | $11.4B | — |
| 股东权益账面价值 | $4.0B | — |
| 总资产 | $21.7B | — |
| 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CEVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.0B |
总债务CEVLTO
| Q1 26 | — | — | ||
| Q4 25 | $11.4B | $2.7B | ||
| Q3 25 | $11.7B | $2.7B | ||
| Q2 25 | $12.7B | $2.6B | ||
| Q1 25 | $12.4B | — | ||
| Q4 24 | $11.1B | $2.6B | ||
| Q3 24 | $11.3B | $2.6B | ||
| Q2 24 | $11.1B | $2.6B |
股东权益CEVLTO
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | $2.8B | ||
| Q3 25 | $4.0B | $2.7B | ||
| Q2 25 | $5.3B | $2.3B | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $5.2B | $2.0B | ||
| Q3 24 | $7.3B | $2.0B | ||
| Q2 24 | $7.2B | $1.7B |
总资产CEVLTO
| Q1 26 | — | — | ||
| Q4 25 | $21.7B | $7.4B | ||
| Q3 25 | $22.2B | $7.2B | ||
| Q2 25 | $23.7B | $6.6B | ||
| Q1 25 | $23.2B | — | ||
| Q4 24 | $22.9B | $6.4B | ||
| Q3 24 | $25.9B | $6.3B | ||
| Q2 24 | $25.8B | $5.9B |
负债/权益比CEVLTO
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 0.94× | ||
| Q3 25 | 2.95× | 1.01× | ||
| Q2 25 | 2.41× | 1.14× | ||
| Q1 25 | 2.39× | — | ||
| Q4 24 | 2.14× | 1.28× | ||
| Q3 24 | 1.56× | 1.35× | ||
| Q2 24 | 1.54× | 1.57× |
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 | $182.0M |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $170.0M |
| 自由现金流率自由现金流/营收 | 7.6% | 12.0% |
| 资本支出强度资本支出/营收 | 3.8% | 0.8% |
| 现金转化率经营现金流/净利润 | 18.00× | 0.72× |
| 过去12个月自由现金流最近4个季度 | $803.0M | $893.0M |
8季度趋势，按日历期对齐
经营现金流CEVLTO
| Q1 26 | — | $182.0M | ||
| Q4 25 | $252.0M | $270.0M | ||
| Q3 25 | $447.0M | $339.0M | ||
| Q2 25 | $410.0M | $157.0M | ||
| Q1 25 | $37.0M | — | ||
| Q4 24 | $494.0M | $285.0M | ||
| Q3 24 | $79.0M | $224.0M | ||
| Q2 24 | $292.0M | $251.0M |
自由现金流CEVLTO
| Q1 26 | — | $170.0M | ||
| Q4 25 | $168.0M | $258.0M | ||
| Q3 25 | $383.0M | $323.0M | ||
| Q2 25 | $317.0M | $142.0M | ||
| Q1 25 | $-65.0M | — | ||
| Q4 24 | $389.0M | $263.0M | ||
| Q3 24 | $-9.0M | $215.0M | ||
| Q2 24 | $187.0M | $240.0M |
自由现金流率CEVLTO
| Q1 26 | — | 12.0% | ||
| Q4 25 | 7.6% | 18.4% | ||
| Q3 25 | 15.8% | 23.6% | ||
| Q2 25 | 12.5% | 10.7% | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | 16.4% | 19.6% | ||
| Q3 24 | -0.3% | 16.4% | ||
| Q2 24 | 7.1% | 18.6% |
资本支出强度CEVLTO
| Q1 26 | — | 0.8% | ||
| Q4 25 | 3.8% | 0.9% | ||
| Q3 25 | 2.6% | 1.2% | ||
| Q2 25 | 3.7% | 1.1% | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 4.4% | 1.6% | ||
| Q3 24 | 3.3% | 0.7% | ||
| Q2 24 | 4.0% | 0.9% |
现金转化率CEVLTO
| Q1 26 | — | 0.72× | ||
| Q4 25 | 18.00× | 1.13× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | 2.06× | 0.70× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | 0.68× | 1.02× | ||
| Q2 24 | 1.88× | 1.24× |
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% |
VLTO
暂无分部数据
