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天弘科技（CLS）与KEY TRONIC CORP（KTCC）财务数据对比。点击上方公司名可切换其他公司
天弘科技的季度营收约是KEY TRONIC CORP的37.9倍（$3.7B vs $96.3M）。天弘科技净利率更高（7.3% vs -8.9%，领先16.2%）。天弘科技自由现金流更多（$155.9M vs $3.1M）
天弘科技（Celestica Inc.）是总部位于加拿大安大略省多伦多的跨国电子制造服务（EMS）企业，业务涵盖设计、生产制造、硬件平台搭建及供应链服务，目前在全球15个国家设有50个运营站点，为各行业客户提供专业的电子产业链相关解决方案。
Key Tronic成立于1969年，最初主营键盘、鼠标等输入设备，目前专注于印刷电路板组装与成品整机组装业务，是美国规模前十的电子制造服务代工厂，可为各类消费家电及电子产品提供完整的产品设计与组装代工服务。
CLS vs KTCC — 直观对比
营收规模更大
CLS
是对方的37.9倍
$96.3M
净利率更高
CLS
高出16.2%
-8.9%
自由现金流更多
CLS
多$152.8M
$3.1M
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $96.3M |
| 净利润 | $267.5M | $-8.6M |
| 毛利率 | 11.8% | 0.6% |
| 营业利润率 | 8.6% | -10.7% |
| 净利率 | 7.3% | -8.9% |
| 营收同比 | — | -15.4% |
| 净利润同比 | — | -74.4% |
| 每股收益（稀释后） | $2.29 | $-0.79 |
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CLSKTCC
| Q4 25 | $3.7B | $96.3M | ||
| Q3 25 | $3.2B | $98.8M | ||
| Q2 25 | $2.9B | $110.5M | ||
| Q1 25 | $2.6B | $112.0M | ||
| Q4 24 | — | $113.9M | ||
| Q3 24 | $2.5B | $131.6M | ||
| Q2 24 | $2.4B | $126.6M | ||
| Q1 24 | $2.2B | $142.4M |
净利润CLSKTCC
| Q4 25 | $267.5M | $-8.6M | ||
| Q3 25 | $267.8M | $-2.3M | ||
| Q2 25 | $211.0M | $-3.9M | ||
| Q1 25 | $86.2M | $-604.0K | ||
| Q4 24 | — | $-4.9M | ||
| Q3 24 | $89.5M | $1.1M | ||
| Q2 24 | $95.0M | $-2.0M | ||
| Q1 24 | $91.8M | $-2.2M |
毛利率CLSKTCC
| Q4 25 | 11.8% | 0.6% | ||
| Q3 25 | 13.0% | 8.4% | ||
| Q2 25 | 12.8% | 6.2% | ||
| Q1 25 | 10.3% | 7.7% | ||
| Q4 24 | — | 6.8% | ||
| Q3 24 | 10.4% | 10.1% | ||
| Q2 24 | 10.6% | 7.2% | ||
| Q1 24 | 10.1% | 5.7% |
营业利润率CLSKTCC
| Q4 25 | 8.6% | -10.7% | ||
| Q3 25 | 10.2% | -0.6% | ||
| Q2 25 | 9.4% | -2.1% | ||
| Q1 25 | 4.9% | -0.4% | ||
| Q4 24 | — | -1.0% | ||
| Q3 24 | 5.5% | 3.4% | ||
| Q2 24 | 5.6% | 0.1% | ||
| Q1 24 | 5.7% | -0.4% |
净利率CLSKTCC
| Q4 25 | 7.3% | -8.9% | ||
| Q3 25 | 8.4% | -2.3% | ||
| Q2 25 | 7.3% | -3.6% | ||
| Q1 25 | 3.3% | -0.5% | ||
| Q4 24 | — | -4.3% | ||
| Q3 24 | 3.6% | 0.9% | ||
| Q2 24 | 4.0% | -1.6% | ||
| Q1 24 | 4.2% | -1.6% |
每股收益（稀释后）CLSKTCC
| Q4 25 | $2.29 | $-0.79 | ||
| Q3 25 | $2.31 | $-0.21 | ||
| Q2 25 | $1.82 | $-0.35 | ||
| Q1 25 | $0.74 | $-0.06 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | $0.75 | $0.10 | ||
| Q2 24 | $0.80 | $-0.18 | ||
| Q1 24 | $0.77 | $-0.21 |
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 | $595.6M | $788.0K |
| 总债务越低越好 | $750.5M | $97.7M |
| 股东权益账面价值 | $2.2B | $106.2M |
| 总资产 | $7.2B | $325.3M |
| 负债/权益比越低杠杆越低 | 0.34× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资CLSKTCC
| Q4 25 | $595.6M | $788.0K | ||
| Q3 25 | $305.9M | $1.1M | ||
| Q2 25 | $313.8M | $1.4M | ||
| Q1 25 | $303.0M | $2.5M | ||
| Q4 24 | — | $4.2M | ||
| Q3 24 | — | $6.6M | ||
| Q2 24 | — | $4.8M | ||
| Q1 24 | — | $5.3M |
总债务CLSKTCC
| Q4 25 | $750.5M | $97.7M | ||
| Q3 25 | $756.7M | $100.8M | ||
| Q2 25 | $848.6M | $105.2M | ||
| Q1 25 | $915.0M | $113.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $112.7M | ||
| Q2 24 | — | $119.5M | ||
| Q1 24 | — | $125.3M |
股东权益CLSKTCC
| Q4 25 | $2.2B | $106.2M | ||
| Q3 25 | $2.0B | $114.8M | ||
| Q2 25 | $1.8B | $117.1M | ||
| Q1 25 | $1.6B | $119.6M | ||
| Q4 24 | — | $119.5M | ||
| Q3 24 | $1.8B | $124.3M | ||
| Q2 24 | $1.8B | $124.0M | ||
| Q1 24 | $1.7B | $130.1M |
总资产CLSKTCC
| Q4 25 | $7.2B | $325.3M | ||
| Q3 25 | $6.6B | $324.6M | ||
| Q2 25 | $6.2B | $315.9M | ||
| Q1 25 | $5.8B | $328.6M | ||
| Q4 24 | — | $327.8M | ||
| Q3 24 | — | $355.9M | ||
| Q2 24 | — | $355.3M | ||
| Q1 24 | — | $370.1M |
负债/权益比CLSKTCC
| Q4 25 | 0.34× | 0.92× | ||
| Q3 25 | 0.37× | 0.88× | ||
| Q2 25 | 0.48× | 0.90× | ||
| Q1 25 | 0.59× | 0.95× | ||
| Q4 24 | — | 0.93× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 0.96× |
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 | $250.6M | $6.4M |
| 自由现金流经营现金流 - 资本支出 | $155.9M | $3.1M |
| 自由现金流率自由现金流/营收 | 4.3% | 3.2% |
| 资本支出强度资本支出/营收 | 2.6% | 3.4% |
| 现金转化率经营现金流/净利润 | 0.94× | — |
| 过去12个月自由现金流最近4个季度 | $458.3M | $11.6M |
8季度趋势，按日历期对齐
经营现金流CLSKTCC
| Q4 25 | $250.6M | $6.4M | ||
| Q3 25 | $126.2M | $7.6M | ||
| Q2 25 | $152.4M | $8.8M | ||
| Q1 25 | $130.3M | $-1.4M | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | $122.8M | $9.9M | ||
| Q2 24 | $99.6M | $7.7M | ||
| Q1 24 | $108.1M | $-3.0M |
自由现金流CLSKTCC
| Q4 25 | $155.9M | $3.1M | ||
| Q3 25 | $88.9M | $4.4M | ||
| Q2 25 | $119.9M | $7.7M | ||
| Q1 25 | $93.6M | $-3.6M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | $76.8M | $9.6M | ||
| Q2 24 | $62.7M | $7.1M | ||
| Q1 24 | $67.7M | $-3.8M |
自由现金流率CLSKTCC
| Q4 25 | 4.3% | 3.2% | ||
| Q3 25 | 2.8% | 4.5% | ||
| Q2 25 | 4.1% | 7.0% | ||
| Q1 25 | 3.5% | -3.2% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | 3.1% | 7.3% | ||
| Q2 24 | 2.6% | 5.6% | ||
| Q1 24 | 3.1% | -2.7% |
资本支出强度CLSKTCC
| Q4 25 | 2.6% | 3.4% | ||
| Q3 25 | 1.2% | 3.2% | ||
| Q2 25 | 1.1% | 1.0% | ||
| Q1 25 | 1.4% | 2.0% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 1.8% | 0.3% | ||
| Q2 24 | 1.5% | 0.4% | ||
| Q1 24 | 1.8% | 0.6% |
现金转化率CLSKTCC
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.37× | 8.85× | ||
| Q2 24 | 1.05× | — | ||
| Q1 24 | 1.18× | — |
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
CLS
| CCS Communications | $2.1B | 58% |
| ATS Segment | $795.1M | 22% |
| CCS Enterprise | $745.2M | 20% |
KTCC
| Transferred Over Time | $91.3M | 95% |
| Transferred At Point In Time | $5.0M | 5% |
