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天弘科技（CLS）与Constellation Brands（STZ）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Constellation Brands的1.8倍（$4.0B vs $2.2B），Constellation Brands净利率更高（22.6% vs 5.2%，领先17.4%），天弘科技同比增速更快（52.8% vs -9.8%），Constellation Brands自由现金流更多（$370.9M vs $137.9M），过去两年天弘科技的营收复合增速更高（35.4% vs 1.9%）
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。
Constellation Brands, Inc.是总部位于美国纽约州罗切斯特的《财富》500强企业，主营啤酒、葡萄酒及烈酒的生产与营销，按销售额计算是美国最大的啤酒进口商，在全美主要啤酒供应商中市场份额位列第三。公司还通过与Canopy Growth合作在医用及娱乐大麻领域有大额投资，现有约40处设施、近9000名员工。
CLS vs STZ — 直观对比
营收规模更大
CLS
是对方的1.8倍
$2.2B
营收增速更快
CLS
高出62.6%
-9.8%
净利率更高
STZ
高出17.4%
5.2%
自由现金流更多
STZ
多$233.0M
$137.9M
两年增速更快
CLS
近两年复合增速
1.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.2B |
| 净利润 | $212.3M | $502.8M |
| 毛利率 | 10.8% | 53.2% |
| 营业利润率 | 6723.5% | 31.1% |
| 净利率 | 5.2% | 22.6% |
| 营收同比 | 52.8% | -9.8% |
| 净利润同比 | 146.3% | -18.4% |
| 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CLSSTZ
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.7B | $2.2B | ||
| Q3 25 | $3.2B | $2.5B | ||
| Q2 25 | $2.9B | $2.5B | ||
| Q1 25 | $2.6B | $2.2B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | $2.5B | $2.9B | ||
| Q2 24 | $2.4B | $2.7B |
净利润CLSSTZ
| Q1 26 | $212.3M | — | ||
| Q4 25 | $267.5M | $502.8M | ||
| Q3 25 | $267.8M | $466.0M | ||
| Q2 25 | $211.0M | $516.1M | ||
| Q1 25 | $86.2M | $-375.3M | ||
| Q4 24 | — | $615.9M | ||
| Q3 24 | $89.5M | $-1.2B | ||
| Q2 24 | $95.0M | $877.0M |
毛利率CLSSTZ
| Q1 26 | 10.8% | — | ||
| Q4 25 | 11.8% | 53.2% | ||
| Q3 25 | 13.0% | 52.8% | ||
| Q2 25 | 12.8% | 50.4% | ||
| Q1 25 | 10.3% | 51.5% | ||
| Q4 24 | — | 52.1% | ||
| Q3 24 | 10.4% | 51.8% | ||
| Q2 24 | 10.6% | 52.7% |
营业利润率CLSSTZ
| Q1 26 | 6723.5% | — | ||
| Q4 25 | 8.6% | 31.1% | ||
| Q3 25 | 10.2% | 35.2% | ||
| Q2 25 | 9.4% | 28.4% | ||
| Q1 25 | 4.9% | -6.9% | ||
| Q4 24 | — | 32.2% | ||
| Q3 24 | 5.5% | -42.1% | ||
| Q2 24 | 5.6% | 35.4% |
净利率CLSSTZ
| Q1 26 | 5.2% | — | ||
| Q4 25 | 7.3% | 22.6% | ||
| Q3 25 | 8.4% | 18.8% | ||
| Q2 25 | 7.3% | 20.5% | ||
| Q1 25 | 3.3% | -17.3% | ||
| Q4 24 | — | 25.0% | ||
| Q3 24 | 3.6% | -41.1% | ||
| Q2 24 | 4.0% | 32.9% |
每股收益（稀释后）CLSSTZ
| 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 | $152.4M |
| 总债务越低越好 | — | $10.3B |
| 股东权益账面价值 | $2.1B | $7.7B |
| 总资产 | $8260.0B | $21.7B |
| 负债/权益比越低杠杆越低 | — | 1.33× |
8季度趋势，按日历期对齐
现金及短期投资CLSSTZ
| Q1 26 | $378.0M | — | ||
| Q4 25 | $595.6M | $152.4M | ||
| Q3 25 | $305.9M | $72.0M | ||
| Q2 25 | $313.8M | $73.9M | ||
| Q1 25 | $303.0M | $68.1M | ||
| Q4 24 | — | $73.7M | ||
| Q3 24 | — | $64.6M | ||
| Q2 24 | — | $73.8M |
总债务CLSSTZ
| Q1 26 | — | — | ||
| Q4 25 | $750.5M | $10.3B | ||
| Q3 25 | $756.7M | $10.3B | ||
| Q2 25 | $848.6M | $11.2B | ||
| Q1 25 | $915.0M | $10.7B | ||
| Q4 24 | — | $10.7B | ||
| Q3 24 | — | $11.1B | ||
| Q2 24 | — | $11.1B |
股东权益CLSSTZ
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $7.7B | ||
| Q3 25 | $2.0B | $7.5B | ||
| Q2 25 | $1.8B | $7.3B | ||
| Q1 25 | $1.6B | $6.9B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | $1.8B | $7.9B | ||
| Q2 24 | $1.8B | $10.3B |
总资产CLSSTZ
| Q1 26 | $8260.0B | — | ||
| Q4 25 | $7.2B | $21.7B | ||
| Q3 25 | $6.6B | $21.4B | ||
| Q2 25 | $6.2B | $22.3B | ||
| Q1 25 | $5.8B | $21.7B | ||
| Q4 24 | — | $22.8B | ||
| Q3 24 | — | $23.1B | ||
| Q2 24 | — | $26.1B |
负债/权益比CLSSTZ
| Q1 26 | — | — | ||
| Q4 25 | 0.34× | 1.33× | ||
| Q3 25 | 0.37× | 1.37× | ||
| Q2 25 | 0.48× | 1.54× | ||
| Q1 25 | 0.59× | 1.55× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.08× |
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 | $616.9M |
| 自由现金流经营现金流 - 资本支出 | $137.9M | $370.9M |
| 自由现金流率自由现金流/营收 | 3.4% | 16.7% |
| 资本支出强度资本支出/营收 | — | 11.1% |
| 现金转化率经营现金流/净利润 | 1.68× | 1.23× |
| 过去12个月自由现金流最近4个季度 | $502.6M | $1.8B |
8季度趋势，按日历期对齐
经营现金流CLSSTZ
| Q1 26 | $356.3M | — | ||
| Q4 25 | $250.6M | $616.9M | ||
| Q3 25 | $126.2M | $852.1M | ||
| Q2 25 | $152.4M | $637.2M | ||
| Q1 25 | $130.3M | $594.7M | ||
| Q4 24 | — | $685.2M | ||
| Q3 24 | $122.8M | $1.2B | ||
| Q2 24 | $99.6M | $690.5M |
自由现金流CLSSTZ
| Q1 26 | $137.9M | — | ||
| Q4 25 | $155.9M | $370.9M | ||
| Q3 25 | $88.9M | $634.8M | ||
| Q2 25 | $119.9M | $444.4M | ||
| Q1 25 | $93.6M | $312.1M | ||
| Q4 24 | — | $456.8M | ||
| Q3 24 | $76.8M | $854.0M | ||
| Q2 24 | $62.7M | $315.2M |
自由现金流率CLSSTZ
| Q1 26 | 3.4% | — | ||
| Q4 25 | 4.3% | 16.7% | ||
| Q3 25 | 2.8% | 25.6% | ||
| Q2 25 | 4.1% | 17.7% | ||
| Q1 25 | 3.5% | 14.4% | ||
| Q4 24 | — | 18.5% | ||
| Q3 24 | 3.1% | 29.3% | ||
| Q2 24 | 2.6% | 11.8% |
资本支出强度CLSSTZ
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 11.1% | ||
| Q3 25 | 1.2% | 8.8% | ||
| Q2 25 | 1.1% | 7.7% | ||
| Q1 25 | 1.4% | 13.1% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | 1.8% | 11.2% | ||
| Q2 24 | 1.5% | 14.1% |
现金转化率CLSSTZ
| Q1 26 | 1.68× | — | ||
| Q4 25 | 0.94× | 1.23× | ||
| Q3 25 | 0.47× | 1.83× | ||
| Q2 25 | 0.72× | 1.23× | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.05× | 0.79× |
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
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
