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天弘科技（CLS）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是天弘科技的1.9倍（$7.7B vs $4.0B），天弘科技净利率更高（5.2% vs 0.8%，领先4.4%），天弘科技同比增速更快（52.8% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% 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。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
CLS vs SW — 直观对比
营收规模更大
SW
是对方的1.9倍
$4.0B
营收增速更快
CLS
高出52.1%
0.7%
净利率更高
CLS
高出4.4%
0.8%
两年增速更快
SW
近两年复合增速
35.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $7.7B |
| 净利润 | $212.3M | $63.0M |
| 毛利率 | 10.8% | 16.4% |
| 营业利润率 | 6723.5% | 3.3% |
| 净利率 | 5.2% | 0.8% |
| 营收同比 | 52.8% | 0.7% |
| 净利润同比 | 146.3% | 0.0% |
| 每股收益（稀释后） | $1.83 | $0.12 |
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CLSSW
| Q1 26 | $4.0B | $7.7B | ||
| Q4 25 | $3.7B | $7.6B | ||
| Q3 25 | $3.2B | $8.0B | ||
| Q2 25 | $2.9B | $7.9B | ||
| Q1 25 | $2.6B | $7.7B | ||
| Q4 24 | — | $7.5B | ||
| Q3 24 | $2.5B | $7.7B | ||
| Q2 24 | $2.4B | $3.0B |
净利润CLSSW
| Q1 26 | $212.3M | $63.0M | ||
| Q4 25 | $267.5M | $97.0M | ||
| Q3 25 | $267.8M | $246.0M | ||
| Q2 25 | $211.0M | $-28.0M | ||
| Q1 25 | $86.2M | $384.0M | ||
| Q4 24 | — | $146.0M | ||
| Q3 24 | $89.5M | $-150.0M | ||
| Q2 24 | $95.0M | $132.0M |
毛利率CLSSW
| Q1 26 | 10.8% | 16.4% | ||
| Q4 25 | 11.8% | 18.2% | ||
| Q3 25 | 13.0% | 19.6% | ||
| Q2 25 | 12.8% | 19.1% | ||
| Q1 25 | 10.3% | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | 10.4% | 17.6% | ||
| Q2 24 | 10.6% | 23.3% |
营业利润率CLSSW
| Q1 26 | 6723.5% | 3.3% | ||
| Q4 25 | 8.6% | 5.1% | ||
| Q3 25 | 10.2% | 6.6% | ||
| Q2 25 | 9.4% | 3.2% | ||
| Q1 25 | 4.9% | 7.2% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | 5.5% | 0.7% | ||
| Q2 24 | 5.6% | 8.2% |
净利率CLSSW
| Q1 26 | 5.2% | 0.8% | ||
| Q4 25 | 7.3% | 1.3% | ||
| Q3 25 | 8.4% | 3.1% | ||
| Q2 25 | 7.3% | -0.4% | ||
| Q1 25 | 3.3% | 5.0% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | 3.6% | -2.0% | ||
| Q2 24 | 4.0% | 4.4% |
每股收益（稀释后）CLSSW
| Q1 26 | $1.83 | $0.12 | ||
| Q4 25 | $2.29 | $0.18 | ||
| Q3 25 | $2.31 | $0.47 | ||
| Q2 25 | $1.82 | $-0.05 | ||
| Q1 25 | $0.74 | $0.73 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | $0.75 | $-0.30 | ||
| Q2 24 | $0.80 | $0.51 |
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 | — |
| 总债务越低越好 | — | $980.0M |
| 股东权益账面价值 | $2.1B | $18.1B |
| 总资产 | $8260.0B | $45.2B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资CLSSW
| Q1 26 | $378.0M | — | ||
| Q4 25 | $595.6M | $892.0M | ||
| Q3 25 | $305.9M | $851.0M | ||
| Q2 25 | $313.8M | $778.0M | ||
| Q1 25 | $303.0M | $797.0M | ||
| Q4 24 | — | $855.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $26.8K |
总债务CLSSW
| Q1 26 | — | $980.0M | ||
| Q4 25 | $750.5M | $13.4B | ||
| Q3 25 | $756.7M | $13.3B | ||
| Q2 25 | $848.6M | $13.3B | ||
| Q1 25 | $915.0M | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益CLSSW
| Q1 26 | $2.1B | $18.1B | ||
| Q4 25 | $2.2B | $18.3B | ||
| Q3 25 | $2.0B | $18.4B | ||
| Q2 25 | $1.8B | $18.3B | ||
| Q1 25 | $1.6B | $17.9B | ||
| Q4 24 | — | $17.4B | ||
| Q3 24 | $1.8B | $18.0B | ||
| Q2 24 | $1.8B | $14.5K |
总资产CLSSW
| Q1 26 | $8260.0B | $45.2B | ||
| Q4 25 | $7.2B | $45.2B | ||
| Q3 25 | $6.6B | $45.6B | ||
| Q2 25 | $6.2B | $45.7B | ||
| Q1 25 | $5.8B | $44.6B | ||
| Q4 24 | — | $43.8B | ||
| Q3 24 | — | $45.0B | ||
| Q2 24 | — | $26.8K |
负债/权益比CLSSW
| Q1 26 | — | 0.05× | ||
| Q4 25 | 0.34× | 0.73× | ||
| Q3 25 | 0.37× | 0.72× | ||
| Q2 25 | 0.48× | 0.73× | ||
| Q1 25 | 0.59× | 0.72× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| 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 | $204.0M |
| 自由现金流经营现金流 - 资本支出 | $137.9M | — |
| 自由现金流率自由现金流/营收 | 3.4% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.68× | 3.24× |
| 过去12个月自由现金流最近4个季度 | $502.6M | — |
8季度趋势，按日历期对齐
经营现金流CLSSW
| Q1 26 | $356.3M | $204.0M | ||
| Q4 25 | $250.6M | $1.2B | ||
| Q3 25 | $126.2M | $1.1B | ||
| Q2 25 | $152.4M | $829.0M | ||
| Q1 25 | $130.3M | $235.0M | ||
| Q4 24 | — | $781.0M | ||
| Q3 24 | $122.8M | $320.0M | ||
| Q2 24 | $99.6M | $340.0M |
自由现金流CLSSW
| Q1 26 | $137.9M | — | ||
| Q4 25 | $155.9M | $612.0M | ||
| Q3 25 | $88.9M | $523.0M | ||
| Q2 25 | $119.9M | $307.0M | ||
| Q1 25 | $93.6M | $-242.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | $76.8M | $-192.0M | ||
| Q2 24 | $62.7M | $163.0M |
自由现金流率CLSSW
| Q1 26 | 3.4% | — | ||
| Q4 25 | 4.3% | 8.1% | ||
| Q3 25 | 2.8% | 6.5% | ||
| Q2 25 | 4.1% | 3.9% | ||
| Q1 25 | 3.5% | -3.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | 3.1% | -2.5% | ||
| Q2 24 | 2.6% | 5.5% |
资本支出强度CLSSW
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 7.7% | ||
| Q3 25 | 1.2% | 7.6% | ||
| Q2 25 | 1.1% | 6.6% | ||
| Q1 25 | 1.4% | 6.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | 1.8% | 6.7% | ||
| Q2 24 | 1.5% | 6.0% |
现金转化率CLSSW
| Q1 26 | 1.68× | 3.24× | ||
| Q4 25 | 0.94× | 12.32× | ||
| Q3 25 | 0.47× | 4.61× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.51× | 0.61× | ||
| Q4 24 | — | 5.35× | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.05× | 2.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
