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天弘科技（CLS）与MPLX LP（MPLX）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MPLX LP的1.7倍（$4.0B vs $2.5B），MPLX LP净利率更高（49.1% vs 5.2%，领先43.8%），天弘科技同比增速更快（52.8% vs 1.4%），过去两年天弘科技的营收复合增速更高（35.4% vs 6.2%）
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。
MPLX LP旗下子公司MarkWest Energy Partners是美国业主有限合伙企业，主营天然气收集、加工及运输业务。该公司1988年成立于科罗拉多州丹佛市，曾发展为科罗拉多州第13大企业，2015年被马拉松石油旗下的MPLX收购。
CLS vs MPLX — 直观对比
营收规模更大
CLS
是对方的1.7倍
$2.5B
营收增速更快
CLS
高出51.4%
1.4%
净利率更高
MPLX
高出43.8%
5.2%
两年增速更快
CLS
近两年复合增速
6.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.5B |
| 净利润 | $212.3M | $1.2B |
| 毛利率 | 10.8% | — |
| 营业利润率 | 6723.5% | 60.5% |
| 净利率 | 5.2% | 49.1% |
| 营收同比 | 52.8% | 1.4% |
| 净利润同比 | 146.3% | 8.5% |
| 每股收益（稀释后） | $1.83 | — |
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CLSMPLX
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.7B | $2.5B | ||
| Q3 25 | $3.2B | $2.5B | ||
| Q2 25 | $2.9B | $2.4B | ||
| Q1 25 | $2.6B | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $2.5B | $2.3B | ||
| Q2 24 | $2.4B | $2.3B |
净利润CLSMPLX
| Q1 26 | $212.3M | — | ||
| Q4 25 | $267.5M | $1.2B | ||
| Q3 25 | $267.8M | $1.6B | ||
| Q2 25 | $211.0M | $1.1B | ||
| Q1 25 | $86.2M | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $89.5M | $1.0B | ||
| Q2 24 | $95.0M | $1.2B |
毛利率CLSMPLX
| Q1 26 | 10.8% | — | ||
| Q4 25 | 11.8% | — | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.4% | — | ||
| Q2 24 | 10.6% | — |
营业利润率CLSMPLX
| Q1 26 | 6723.5% | — | ||
| Q4 25 | 8.6% | 60.5% | ||
| Q3 25 | 10.2% | 73.2% | ||
| Q2 25 | 9.4% | 54.9% | ||
| Q1 25 | 4.9% | 55.5% | ||
| Q4 24 | — | 55.6% | ||
| Q3 24 | 5.5% | 54.4% | ||
| Q2 24 | 5.6% | 62.9% |
净利率CLSMPLX
| Q1 26 | 5.2% | — | ||
| Q4 25 | 7.3% | 49.1% | ||
| Q3 25 | 8.4% | 63.2% | ||
| Q2 25 | 7.3% | 44.9% | ||
| Q1 25 | 3.3% | 46.2% | ||
| Q4 24 | — | 45.9% | ||
| Q3 24 | 3.6% | 44.6% | ||
| Q2 24 | 4.0% | 52.6% |
每股收益（稀释后）CLSMPLX
| Q1 26 | $1.83 | — | ||
| Q4 25 | $2.29 | — | ||
| Q3 25 | $2.31 | — | ||
| Q2 25 | $1.82 | — | ||
| Q1 25 | $0.74 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.75 | — | ||
| Q2 24 | $0.80 | — |
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 | $378.0M | $2.1B |
| 总债务越低越好 | — | $24.2B |
| 股东权益账面价值 | $2.1B | — |
| 总资产 | $8260.0B | $43.0B |
| 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CLSMPLX
| Q1 26 | $378.0M | — | ||
| Q4 25 | $595.6M | $2.1B | ||
| Q3 25 | $305.9M | $1.8B | ||
| Q2 25 | $313.8M | $1.4B | ||
| Q1 25 | $303.0M | $2.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.5B |
总债务CLSMPLX
| Q1 26 | — | — | ||
| Q4 25 | $750.5M | $24.2B | ||
| Q3 25 | $756.7M | $24.1B | ||
| Q2 25 | $848.6M | $19.7B | ||
| Q1 25 | $915.0M | $19.7B | ||
| Q4 24 | — | $19.3B | ||
| Q3 24 | — | $19.3B | ||
| Q2 24 | — | $19.2B |
股东权益CLSMPLX
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — |
总资产CLSMPLX
| Q1 26 | $8260.0B | — | ||
| Q4 25 | $7.2B | $43.0B | ||
| Q3 25 | $6.6B | $43.2B | ||
| Q2 25 | $6.2B | $37.8B | ||
| Q1 25 | $5.8B | $39.0B | ||
| Q4 24 | — | $37.5B | ||
| Q3 24 | — | $38.5B | ||
| Q2 24 | — | $38.4B |
负债/权益比CLSMPLX
| Q1 26 | — | — | ||
| Q4 25 | 0.34× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $356.3M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | $782.0M |
| 自由现金流率自由现金流/营收 | — | 31.9% |
| 资本支出强度资本支出/营收 | — | 29.1% |
| 现金转化率经营现金流/净利润 | 1.68× | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $4.1B |
8季度趋势，按日历期对齐
经营现金流CLSMPLX
| Q1 26 | $356.3M | — | ||
| Q4 25 | $250.6M | $1.5B | ||
| Q3 25 | $126.2M | $1.4B | ||
| Q2 25 | $152.4M | $1.7B | ||
| Q1 25 | $130.3M | $1.2B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $122.8M | $1.4B | ||
| Q2 24 | $99.6M | $1.6B |
自由现金流CLSMPLX
| Q1 26 | — | — | ||
| Q4 25 | $155.9M | $782.0M | ||
| Q3 25 | $88.9M | $905.0M | ||
| Q2 25 | $119.9M | $1.4B | ||
| Q1 25 | $93.6M | $979.0M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $76.8M | $1.1B | ||
| Q2 24 | $62.7M | $1.4B |
自由现金流率CLSMPLX
| Q1 26 | — | — | ||
| Q4 25 | 4.3% | 31.9% | ||
| Q3 25 | 2.8% | 36.8% | ||
| Q2 25 | 4.1% | 60.9% | ||
| Q1 25 | 3.5% | 39.8% | ||
| Q4 24 | — | 56.6% | ||
| Q3 24 | 3.1% | 48.4% | ||
| Q2 24 | 2.6% | 60.0% |
资本支出强度CLSMPLX
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 29.1% | ||
| Q3 25 | 1.2% | 21.4% | ||
| Q2 25 | 1.1% | 12.8% | ||
| Q1 25 | 1.4% | 10.9% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | 1.8% | 11.9% | ||
| Q2 24 | 1.5% | 9.4% |
现金转化率CLSMPLX
| Q1 26 | 1.68× | — | ||
| Q4 25 | 0.94× | 1.24× | ||
| Q3 25 | 0.47× | 0.92× | ||
| Q2 25 | 0.72× | 1.64× | ||
| Q1 25 | 1.51× | 1.10× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | 1.37× | 1.35× | ||
| Q2 24 | 1.05× | 1.32× |
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
暂无分部数据
MPLX
| Services | $746.0M | 30% |
| Other | $675.0M | 28% |
| Products | $492.0M | 20% |
| Nonrelated Party | $186.0M | 8% |
| Related Party | $151.0M | 6% |
| Crude Oil And Products Logistics | $104.0M | 4% |
| Service Other | $56.0M | 2% |
| Natural Gas And NGL Services | $41.0M | 2% |
