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天弘科技（CLS）与Quanta Services（PWR）财务数据对比。点击上方公司名可切换其他公司
Quanta Services的季度营收约是天弘科技的1.9倍（$7.8B vs $4.0B），天弘科技净利率更高（5.2% vs 4.0%，领先1.2%），天弘科技同比增速更快（52.8% vs 19.7%），Quanta Services自由现金流更多（$934.0M vs $137.9M），过去两年天弘科技的营收复合增速更高（35.4% vs 24.8%）
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。
Quanta Services是美国基础设施服务企业，业务覆盖电力、管道、工业、通信四大领域，可提供各类网络基础设施的规划、设计、安装、项目管理、运维及维修服务。公司自成立以来除内生增长外，已累计收购超150家电力承包领域相关企业。
CLS vs PWR — 直观对比
营收规模更大
PWR
是对方的1.9倍
$4.0B
营收增速更快
CLS
高出33.1%
19.7%
净利率更高
CLS
高出1.2%
4.0%
自由现金流更多
PWR
多$796.1M
$137.9M
两年增速更快
CLS
近两年复合增速
24.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $7.8B |
| 净利润 | $212.3M | $316.6M |
| 毛利率 | 10.8% | 15.5% |
| 营业利润率 | 6723.5% | 6.2% |
| 净利率 | 5.2% | 4.0% |
| 营收同比 | 52.8% | 19.7% |
| 净利润同比 | 146.3% | 2.0% |
| 每股收益（稀释后） | $1.83 | $2.08 |
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CLSPWR
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.7B | $7.8B | ||
| Q3 25 | $3.2B | $7.6B | ||
| Q2 25 | $2.9B | $6.8B | ||
| Q1 25 | $2.6B | $6.2B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | $2.5B | $6.5B | ||
| Q2 24 | $2.4B | $5.6B |
净利润CLSPWR
| Q1 26 | $212.3M | — | ||
| Q4 25 | $267.5M | $316.6M | ||
| Q3 25 | $267.8M | $339.4M | ||
| Q2 25 | $211.0M | $229.3M | ||
| Q1 25 | $86.2M | $144.3M | ||
| Q4 24 | — | $310.3M | ||
| Q3 24 | $89.5M | $293.2M | ||
| Q2 24 | $95.0M | $188.2M |
毛利率CLSPWR
| Q1 26 | 10.8% | — | ||
| Q4 25 | 11.8% | 15.5% | ||
| Q3 25 | 13.0% | 15.9% | ||
| Q2 25 | 12.8% | 14.9% | ||
| Q1 25 | 10.3% | 13.4% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | 10.4% | 15.6% | ||
| Q2 24 | 10.6% | 14.5% |
营业利润率CLSPWR
| Q1 26 | 6723.5% | — | ||
| Q4 25 | 8.6% | 6.2% | ||
| Q3 25 | 10.2% | 6.8% | ||
| Q2 25 | 9.4% | 5.5% | ||
| Q1 25 | 4.9% | 3.8% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | 5.5% | 6.6% | ||
| Q2 24 | 5.6% | 5.5% |
净利率CLSPWR
| Q1 26 | 5.2% | — | ||
| Q4 25 | 7.3% | 4.0% | ||
| Q3 25 | 8.4% | 4.4% | ||
| Q2 25 | 7.3% | 3.4% | ||
| Q1 25 | 3.3% | 2.3% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 3.6% | 4.5% | ||
| Q2 24 | 4.0% | 3.4% |
每股收益（稀释后）CLSPWR
| Q1 26 | $1.83 | — | ||
| Q4 25 | $2.29 | $2.08 | ||
| Q3 25 | $2.31 | $2.24 | ||
| Q2 25 | $1.82 | $1.52 | ||
| Q1 25 | $0.74 | $0.96 | ||
| Q4 24 | — | $2.03 | ||
| Q3 24 | $0.75 | $1.95 | ||
| Q2 24 | $0.80 | $1.26 |
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 | $439.5M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $2.1B | $8.9B |
| 总资产 | $8260.0B | $24.9B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资CLSPWR
| Q1 26 | $378.0M | — | ||
| Q4 25 | $595.6M | $439.5M | ||
| Q3 25 | $305.9M | $610.4M | ||
| Q2 25 | $313.8M | $509.5M | ||
| Q1 25 | $303.0M | $520.6M | ||
| Q4 24 | — | $742.0M | ||
| Q3 24 | — | $764.1M | ||
| Q2 24 | — | $518.1M |
总债务CLSPWR
| Q1 26 | — | — | ||
| Q4 25 | $750.5M | $5.2B | ||
| Q3 25 | $756.7M | $5.5B | ||
| Q2 25 | $848.6M | $4.7B | ||
| Q1 25 | $915.0M | $4.4B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $3.0B |
股东权益CLSPWR
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $8.9B | ||
| Q3 25 | $2.0B | $8.4B | ||
| Q2 25 | $1.8B | $7.9B | ||
| Q1 25 | $1.6B | $7.5B | ||
| Q4 24 | — | $7.3B | ||
| Q3 24 | $1.8B | $7.1B | ||
| Q2 24 | $1.8B | $6.6B |
总资产CLSPWR
| Q1 26 | $8260.0B | — | ||
| Q4 25 | $7.2B | $24.9B | ||
| Q3 25 | $6.6B | $22.7B | ||
| Q2 25 | $6.2B | $19.9B | ||
| Q1 25 | $5.8B | $19.1B | ||
| Q4 24 | — | $18.7B | ||
| Q3 24 | — | $18.9B | ||
| Q2 24 | — | $15.9B |
负债/权益比CLSPWR
| Q1 26 | — | — | ||
| Q4 25 | 0.34× | 0.59× | ||
| Q3 25 | 0.37× | 0.66× | ||
| Q2 25 | 0.48× | 0.59× | ||
| Q1 25 | 0.59× | 0.58× | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.45× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $137.9M | $934.0M |
| 自由现金流率自由现金流/营收 | 3.4% | 11.9% |
| 资本支出强度资本支出/营收 | — | 2.5% |
| 现金转化率经营现金流/净利润 | 1.68× | 3.56× |
| 过去12个月自由现金流最近4个季度 | $502.6M | $1.6B |
8季度趋势，按日历期对齐
经营现金流CLSPWR
| Q1 26 | $356.3M | — | ||
| Q4 25 | $250.6M | $1.1B | ||
| Q3 25 | $126.2M | $563.5M | ||
| Q2 25 | $152.4M | $295.7M | ||
| Q1 25 | $130.3M | $243.2M | ||
| Q4 24 | — | $712.0M | ||
| Q3 24 | $122.8M | $739.9M | ||
| Q2 24 | $99.6M | $391.3M |
自由现金流CLSPWR
| Q1 26 | $137.9M | — | ||
| Q4 25 | $155.9M | $934.0M | ||
| Q3 25 | $88.9M | $421.0M | ||
| Q2 25 | $119.9M | $155.4M | ||
| Q1 25 | $93.6M | $110.4M | ||
| Q4 24 | — | $565.0M | ||
| Q3 24 | $76.8M | $527.4M | ||
| Q2 24 | $62.7M | $229.9M |
自由现金流率CLSPWR
| Q1 26 | 3.4% | — | ||
| Q4 25 | 4.3% | 11.9% | ||
| Q3 25 | 2.8% | 5.5% | ||
| Q2 25 | 4.1% | 2.3% | ||
| Q1 25 | 3.5% | 1.8% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | 3.1% | 8.1% | ||
| Q2 24 | 2.6% | 4.1% |
资本支出强度CLSPWR
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 2.5% | ||
| Q3 25 | 1.2% | 1.9% | ||
| Q2 25 | 1.1% | 2.1% | ||
| Q1 25 | 1.4% | 2.1% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | 1.8% | 3.3% | ||
| Q2 24 | 1.5% | 2.9% |
现金转化率CLSPWR
| Q1 26 | 1.68× | — | ||
| Q4 25 | 0.94× | 3.56× | ||
| Q3 25 | 0.47× | 1.66× | ||
| Q2 25 | 0.72× | 1.29× | ||
| Q1 25 | 1.51× | 1.69× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | 1.37× | 2.52× | ||
| Q2 24 | 1.05× | 2.08× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
