vs
天弘科技（CLS）与SHOPIFY INC.（SHOP）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SHOPIFY INC.的1.1倍（$4.0B vs $3.7B），SHOPIFY INC.净利率更高（20.2% vs 5.2%，领先15.0%），天弘科技同比增速更快（52.8% vs 30.6%），SHOPIFY INC.自由现金流更多（$715.0M vs $137.9M），过去两年SHOPIFY INC.的营收复合增速更高（40.5% vs 35.4%）
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。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
CLS vs SHOP — 直观对比
营收规模更大
CLS
是对方的1.1倍
$3.7B
营收增速更快
CLS
高出22.2%
30.6%
净利率更高
SHOP
高出15.0%
5.2%
自由现金流更多
SHOP
多$577.1M
$137.9M
两年增速更快
SHOP
近两年复合增速
35.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $3.7B |
| 净利润 | $212.3M | $743.0M |
| 毛利率 | 10.8% | 46.1% |
| 营业利润率 | 6723.5% | 17.2% |
| 净利率 | 5.2% | 20.2% |
| 营收同比 | 52.8% | 30.6% |
| 净利润同比 | 146.3% | -42.5% |
| 每股收益（稀释后） | $1.83 | $0.58 |
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CLSSHOP
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.7B | $3.7B | ||
| Q3 25 | $3.2B | $2.8B | ||
| Q2 25 | $2.9B | $2.7B | ||
| Q1 25 | $2.6B | $2.4B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | $2.5B | $2.2B | ||
| Q2 24 | $2.4B | $2.0B |
净利润CLSSHOP
| Q1 26 | $212.3M | — | ||
| Q4 25 | $267.5M | $743.0M | ||
| Q3 25 | $267.8M | $264.0M | ||
| Q2 25 | $211.0M | $906.0M | ||
| Q1 25 | $86.2M | $-682.0M | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $89.5M | $828.0M | ||
| Q2 24 | $95.0M | $171.0M |
毛利率CLSSHOP
| Q1 26 | 10.8% | — | ||
| Q4 25 | 11.8% | 46.1% | ||
| Q3 25 | 13.0% | 48.9% | ||
| Q2 25 | 12.8% | 48.6% | ||
| Q1 25 | 10.3% | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | 10.4% | 51.7% | ||
| Q2 24 | 10.6% | 51.1% |
营业利润率CLSSHOP
| Q1 26 | 6723.5% | — | ||
| Q4 25 | 8.6% | 17.2% | ||
| Q3 25 | 10.2% | 12.1% | ||
| Q2 25 | 9.4% | 10.9% | ||
| Q1 25 | 4.9% | 8.6% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | 5.5% | 13.1% | ||
| Q2 24 | 5.6% | 11.8% |
净利率CLSSHOP
| Q1 26 | 5.2% | — | ||
| Q4 25 | 7.3% | 20.2% | ||
| Q3 25 | 8.4% | 9.3% | ||
| Q2 25 | 7.3% | 33.8% | ||
| Q1 25 | 3.3% | -28.9% | ||
| Q4 24 | — | 46.0% | ||
| Q3 24 | 3.6% | 38.3% | ||
| Q2 24 | 4.0% | 8.4% |
每股收益（稀释后）CLSSHOP
| Q1 26 | $1.83 | — | ||
| Q4 25 | $2.29 | $0.58 | ||
| Q3 25 | $2.31 | $0.20 | ||
| Q2 25 | $1.82 | $0.69 | ||
| Q1 25 | $0.74 | $-0.53 | ||
| Q4 24 | — | $0.99 | ||
| Q3 24 | $0.75 | $0.64 | ||
| Q2 24 | $0.80 | $0.13 |
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 | $5.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $13.5B |
| 总资产 | $8260.0B | $15.2B |
| 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CLSSHOP
| Q1 26 | $378.0M | — | ||
| Q4 25 | $595.6M | $5.8B | ||
| Q3 25 | $305.9M | $6.3B | ||
| Q2 25 | $313.8M | $5.8B | ||
| Q1 25 | $303.0M | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务CLSSHOP
| Q1 26 | — | — | ||
| Q4 25 | $750.5M | — | ||
| Q3 25 | $756.7M | — | ||
| Q2 25 | $848.6M | — | ||
| Q1 25 | $915.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CLSSHOP
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $13.5B | ||
| Q3 25 | $2.0B | $12.5B | ||
| Q2 25 | $1.8B | $12.1B | ||
| Q1 25 | $1.6B | $11.1B | ||
| Q4 24 | — | $11.6B | ||
| Q3 24 | $1.8B | $10.1B | ||
| Q2 24 | $1.8B | $9.2B |
总资产CLSSHOP
| Q1 26 | $8260.0B | — | ||
| Q4 25 | $7.2B | $15.2B | ||
| Q3 25 | $6.6B | $15.0B | ||
| Q2 25 | $6.2B | $14.6B | ||
| Q1 25 | $5.8B | $13.4B | ||
| Q4 24 | — | $13.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
负债/权益比CLSSHOP
| 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 | $725.0M |
| 自由现金流经营现金流 - 资本支出 | $137.9M | $715.0M |
| 自由现金流率自由现金流/营收 | 3.4% | 19.5% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | 1.68× | 0.98× |
| 过去12个月自由现金流最近4个季度 | $502.6M | $2.0B |
8季度趋势，按日历期对齐
经营现金流CLSSHOP
| Q1 26 | $356.3M | — | ||
| Q4 25 | $250.6M | $725.0M | ||
| Q3 25 | $126.2M | $513.0M | ||
| Q2 25 | $152.4M | $428.0M | ||
| Q1 25 | $130.3M | $367.0M | ||
| Q4 24 | — | $615.0M | ||
| Q3 24 | $122.8M | $423.0M | ||
| Q2 24 | $99.6M | $340.0M |
自由现金流CLSSHOP
| Q1 26 | $137.9M | — | ||
| Q4 25 | $155.9M | $715.0M | ||
| Q3 25 | $88.9M | $507.0M | ||
| Q2 25 | $119.9M | $422.0M | ||
| Q1 25 | $93.6M | $363.0M | ||
| Q4 24 | — | $611.0M | ||
| Q3 24 | $76.8M | $421.0M | ||
| Q2 24 | $62.7M | $333.0M |
自由现金流率CLSSHOP
| Q1 26 | 3.4% | — | ||
| Q4 25 | 4.3% | 19.5% | ||
| Q3 25 | 2.8% | 17.8% | ||
| Q2 25 | 4.1% | 15.7% | ||
| Q1 25 | 3.5% | 15.4% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | 3.1% | 19.5% | ||
| Q2 24 | 2.6% | 16.3% |
资本支出强度CLSSHOP
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 0.3% | ||
| Q3 25 | 1.2% | 0.2% | ||
| Q2 25 | 1.1% | 0.2% | ||
| Q1 25 | 1.4% | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 1.8% | 0.1% | ||
| Q2 24 | 1.5% | 0.3% |
现金转化率CLSSHOP
| Q1 26 | 1.68× | — | ||
| Q4 25 | 0.94× | 0.98× | ||
| Q3 25 | 0.47× | 1.94× | ||
| Q2 25 | 0.72× | 0.47× | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | 1.37× | 0.51× | ||
| Q2 24 | 1.05× | 1.99× |
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
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
