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Celsius Holdings, Inc.（CELH）与Graham Holdings Co（GHC）财务数据对比。点击上方公司名可切换其他公司
Graham Holdings Co的季度营收约是Celsius Holdings, Inc.的1.7倍（$1.3B vs $721.6M），Graham Holdings Co净利率更高（8.7% vs 3.4%，领先5.3%），Celsius Holdings, Inc.同比增速更快（117.2% vs 0.4%），Graham Holdings Co自由现金流更多（$5.0M vs $-130.0M），过去两年Celsius Holdings, Inc.的营收复合增速更高（42.4% vs 4.2%）
Celsius Holdings Inc.是美国功能饮品企业，旗下Celsius品牌主打健身饮料、能量饮品系列，产品主打健康定位，公司CEO曾表示这一差异化优势是品牌取得市场成功的核心原因。
Graham Holdings是一家总部位于美国弗吉尼亚州阿灵顿县、在特拉华州注册的多元化综合控股集团，曾持有知名媒体《华盛顿邮报》与《新闻周刊》的所有权，旗下业务覆盖多个领域，在北美市场拥有深厚的行业运营积淀。
CELH vs GHC — 直观对比
营收规模更大
GHC
是对方的1.7倍
$721.6M
营收增速更快
CELH
高出116.8%
0.4%
净利率更高
GHC
高出5.3%
3.4%
自由现金流更多
GHC
多$135.0M
$-130.0M
两年增速更快
CELH
近两年复合增速
4.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $721.6M | $1.3B |
| 净利润 | $24.7M | $108.7M |
| 毛利率 | 47.4% | — |
| 营业利润率 | 3.6% | 3.8% |
| 净利率 | 3.4% | 8.7% |
| 营收同比 | 117.2% | 0.4% |
| 净利润同比 | 231.1% | -80.2% |
| 每股收益（稀释后） | $0.04 | $24.76 |
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CELHGHC
| Q4 25 | $721.6M | $1.3B | ||
| Q3 25 | $725.1M | $1.3B | ||
| Q2 25 | $739.3M | $1.2B | ||
| Q1 25 | $329.3M | $1.2B | ||
| Q4 24 | $332.2M | $1.2B | ||
| Q3 24 | $265.7M | $1.2B | ||
| Q2 24 | $402.0M | $1.2B | ||
| Q1 24 | $355.7M | $1.2B |
净利润CELHGHC
| Q4 25 | $24.7M | $108.7M | ||
| Q3 25 | $-61.0M | $122.9M | ||
| Q2 25 | $99.9M | $36.7M | ||
| Q1 25 | $44.4M | $23.9M | ||
| Q4 24 | $-18.9M | $548.8M | ||
| Q3 24 | $6.4M | $72.5M | ||
| Q2 24 | $79.8M | $-21.0M | ||
| Q1 24 | $77.8M | $124.4M |
毛利率CELHGHC
| Q4 25 | 47.4% | — | ||
| Q3 25 | 51.3% | — | ||
| Q2 25 | 51.5% | — | ||
| Q1 25 | 52.3% | — | ||
| Q4 24 | 50.2% | — | ||
| Q3 24 | 46.0% | — | ||
| Q2 24 | 52.0% | — | ||
| Q1 24 | 51.2% | — |
营业利润率CELHGHC
| Q4 25 | 3.6% | 3.8% | ||
| Q3 25 | -11.0% | 5.2% | ||
| Q2 25 | 19.3% | 6.0% | ||
| Q1 25 | 15.8% | 4.1% | ||
| Q4 24 | -5.6% | 5.8% | ||
| Q3 24 | -1.2% | 6.8% | ||
| Q2 24 | 23.4% | 2.2% | ||
| Q1 24 | 23.4% | 3.1% |
净利率CELHGHC
| Q4 25 | 3.4% | 8.7% | ||
| Q3 25 | -8.4% | 9.6% | ||
| Q2 25 | 13.5% | 3.0% | ||
| Q1 25 | 13.5% | 2.0% | ||
| Q4 24 | -5.7% | 44.1% | ||
| Q3 24 | 2.4% | 6.0% | ||
| Q2 24 | 19.8% | -1.8% | ||
| Q1 24 | 21.9% | 10.8% |
每股收益（稀释后）CELHGHC
| Q4 25 | $0.04 | $24.76 | ||
| Q3 25 | $-0.27 | $27.91 | ||
| Q2 25 | $0.33 | $8.35 | ||
| Q1 25 | $0.15 | $5.45 | ||
| Q4 24 | $-0.10 | $124.05 | ||
| Q3 24 | $0.00 | $16.42 | ||
| Q2 24 | $0.28 | $-4.79 | ||
| Q1 24 | $0.27 | $27.72 |
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 | $398.9M | $267.0M |
| 总债务越低越好 | $676.9M | — |
| 股东权益账面价值 | $1.2B | $4.8B |
| 总资产 | $5.1B | $8.4B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资CELHGHC
| Q4 25 | $398.9M | $267.0M | ||
| Q3 25 | $806.0M | $190.8M | ||
| Q2 25 | $615.2M | $176.2M | ||
| Q1 25 | $977.3M | $156.7M | ||
| Q4 24 | $890.2M | $260.9M | ||
| Q3 24 | $903.7M | $244.4M | ||
| Q2 24 | $903.2M | $140.7M | ||
| Q1 24 | $879.5M | $130.9M |
总债务CELHGHC
| Q4 25 | $676.9M | — | ||
| Q3 25 | $870.5M | — | ||
| Q2 25 | $871.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CELHGHC
| Q4 25 | $1.2B | $4.8B | ||
| Q3 25 | $1.2B | $4.5B | ||
| Q2 25 | $1.3B | $4.4B | ||
| Q1 25 | $443.1M | $4.3B | ||
| Q4 24 | $399.9M | $4.3B | ||
| Q3 24 | $423.6M | $4.0B | ||
| Q2 24 | $415.8M | $4.0B | ||
| Q1 24 | $338.2M | $4.0B |
总资产CELHGHC
| Q4 25 | $5.1B | $8.4B | ||
| Q3 25 | $5.3B | $7.9B | ||
| Q2 25 | $3.8B | $7.6B | ||
| Q1 25 | $1.9B | $7.6B | ||
| Q4 24 | $1.8B | $7.7B | ||
| Q3 24 | $1.7B | $7.4B | ||
| Q2 24 | $1.7B | $7.2B | ||
| Q1 24 | $1.6B | $7.3B |
负债/权益比CELHGHC
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-119.4M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $-130.0M | $5.0M |
| 自由现金流率自由现金流/营收 | -18.0% | 0.4% |
| 资本支出强度资本支出/营收 | 1.5% | 1.9% |
| 现金转化率经营现金流/净利润 | -4.83× | 0.26× |
| 过去12个月自由现金流最近4个季度 | $323.4M | $275.3M |
8季度趋势，按日历期对齐
经营现金流CELHGHC
| Q4 25 | $-119.4M | $28.3M | ||
| Q3 25 | $331.8M | $178.1M | ||
| Q2 25 | $43.7M | $94.8M | ||
| Q1 25 | $103.4M | $46.0M | ||
| Q4 24 | $75.7M | $116.3M | ||
| Q3 24 | $12.9M | $237.6M | ||
| Q2 24 | $39.6M | $52.0M | ||
| Q1 24 | $134.6M | $1.1M |
自由现金流CELHGHC
| Q4 25 | $-130.0M | $5.0M | ||
| Q3 25 | $321.5M | $161.8M | ||
| Q2 25 | $35.5M | $78.0M | ||
| Q1 25 | $96.4M | $30.5M | ||
| Q4 24 | $70.3M | $91.1M | ||
| Q3 24 | $8.7M | $219.4M | ||
| Q2 24 | $30.4M | $33.7M | ||
| Q1 24 | $130.1M | $-20.2M |
自由现金流率CELHGHC
| Q4 25 | -18.0% | 0.4% | ||
| Q3 25 | 44.3% | 12.6% | ||
| Q2 25 | 4.8% | 6.4% | ||
| Q1 25 | 29.3% | 2.6% | ||
| Q4 24 | 21.2% | 7.3% | ||
| Q3 24 | 3.3% | 18.2% | ||
| Q2 24 | 7.6% | 2.8% | ||
| Q1 24 | 36.6% | -1.8% |
资本支出强度CELHGHC
| Q4 25 | 1.5% | 1.9% | ||
| Q3 25 | 1.4% | 1.3% | ||
| Q2 25 | 1.1% | 1.4% | ||
| Q1 25 | 2.1% | 1.3% | ||
| Q4 24 | 1.6% | 2.0% | ||
| Q3 24 | 1.6% | 1.5% | ||
| Q2 24 | 2.3% | 1.5% | ||
| Q1 24 | 1.3% | 1.8% |
现金转化率CELHGHC
| Q4 25 | -4.83× | 0.26× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | 0.44× | 2.58× | ||
| Q1 25 | 2.33× | 1.93× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | 2.03× | 3.28× | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | 1.73× | 0.01× |
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
CELH
暂无分部数据
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
