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天弘科技（CLS）与联合太平洋（UNP）财务数据对比。点击上方公司名可切换其他公司
联合太平洋的季度营收约是天弘科技的1.5倍（$6.2B vs $4.0B），联合太平洋净利率更高（27.4% vs 5.2%，领先22.1%），天弘科技同比增速更快（52.8% vs 3.2%），联合太平洋自由现金流更多（$631.0M vs $137.9M），过去两年天弘科技的营收复合增速更高（35.4% vs 1.7%）
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。
联合太平洋是美国一级货运铁路运营商，共运营8300台机车，线路总长超5.18万公里，覆盖芝加哥、新奥尔良以西的23个美国州，是全美规模仅次于BNSF的第二大铁路企业。
CLS vs UNP — 直观对比
营收规模更大
UNP
是对方的1.5倍
$4.0B
营收增速更快
CLS
高出49.6%
3.2%
净利率更高
UNP
高出22.1%
5.2%
自由现金流更多
UNP
多$493.1M
$137.9M
两年增速更快
CLS
近两年复合增速
1.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $6.2B |
| 净利润 | $212.3M | $1.7B |
| 毛利率 | 10.8% | — |
| 营业利润率 | 6723.5% | 39.5% |
| 净利率 | 5.2% | 27.4% |
| 营收同比 | 52.8% | 3.2% |
| 净利润同比 | 146.3% | 4.6% |
| 每股收益（稀释后） | $1.83 | $2.87 |
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CLSUNP
| Q1 26 | $4.0B | $6.2B | ||
| Q4 25 | $3.7B | $6.1B | ||
| Q3 25 | $3.2B | $6.2B | ||
| Q2 25 | $2.9B | $6.2B | ||
| Q1 25 | $2.6B | $6.0B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | $2.5B | $6.1B | ||
| Q2 24 | $2.4B | $6.0B |
净利润CLSUNP
| Q1 26 | $212.3M | $1.7B | ||
| Q4 25 | $267.5M | $1.8B | ||
| Q3 25 | $267.8M | $1.8B | ||
| Q2 25 | $211.0M | $1.9B | ||
| Q1 25 | $86.2M | $1.6B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $89.5M | $1.7B | ||
| Q2 24 | $95.0M | $1.7B |
毛利率CLSUNP
| 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CLSUNP
| Q1 26 | 6723.5% | 39.5% | ||
| Q4 25 | 8.6% | 39.5% | ||
| Q3 25 | 10.2% | 40.8% | ||
| Q2 25 | 9.4% | 41.0% | ||
| Q1 25 | 4.9% | 39.3% | ||
| Q4 24 | — | 41.3% | ||
| Q3 24 | 5.5% | 39.7% | ||
| Q2 24 | 5.6% | 40.0% |
净利率CLSUNP
| Q1 26 | 5.2% | 27.4% | ||
| Q4 25 | 7.3% | 30.4% | ||
| Q3 25 | 8.4% | 28.6% | ||
| Q2 25 | 7.3% | 30.5% | ||
| Q1 25 | 3.3% | 27.0% | ||
| Q4 24 | — | 28.8% | ||
| Q3 24 | 3.6% | 27.4% | ||
| Q2 24 | 4.0% | 27.9% |
每股收益（稀释后）CLSUNP
| Q1 26 | $1.83 | $2.87 | ||
| Q4 25 | $2.29 | $3.12 | ||
| Q3 25 | $2.31 | $3.01 | ||
| Q2 25 | $1.82 | $3.15 | ||
| Q1 25 | $0.74 | $2.70 | ||
| Q4 24 | — | $2.91 | ||
| Q3 24 | $0.75 | $2.75 | ||
| Q2 24 | $0.80 | $2.74 |
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 | $735.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | — |
| 总资产 | $8260.0B | $69.6B |
| 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CLSUNP
| Q1 26 | $378.0M | $735.0M | ||
| Q4 25 | $595.6M | $1.3B | ||
| Q3 25 | $305.9M | $808.0M | ||
| Q2 25 | $313.8M | $1.1B | ||
| Q1 25 | $303.0M | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $947.0M | ||
| Q2 24 | — | $1.1B |
总债务CLSUNP
| Q1 26 | — | — | ||
| Q4 25 | $750.5M | $30.3B | ||
| Q3 25 | $756.7M | $30.3B | ||
| Q2 25 | $848.6M | $30.3B | ||
| Q1 25 | $915.0M | $30.6B | ||
| Q4 24 | — | $29.8B | ||
| Q3 24 | — | $29.8B | ||
| Q2 24 | — | $31.2B |
股东权益CLSUNP
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $18.5B | ||
| Q3 25 | $2.0B | $17.3B | ||
| Q2 25 | $1.8B | $16.3B | ||
| Q1 25 | $1.6B | $16.0B | ||
| Q4 24 | — | $16.9B | ||
| Q3 24 | $1.8B | $16.6B | ||
| Q2 24 | $1.8B | $16.5B |
总资产CLSUNP
| Q1 26 | $8260.0B | $69.6B | ||
| Q4 25 | $7.2B | $69.7B | ||
| Q3 25 | $6.6B | $68.6B | ||
| Q2 25 | $6.2B | $68.6B | ||
| Q1 25 | $5.8B | $68.5B | ||
| Q4 24 | — | $67.7B | ||
| Q3 24 | — | $67.6B | ||
| Q2 24 | — | $67.8B |
负债/权益比CLSUNP
| Q1 26 | — | — | ||
| Q4 25 | 0.34× | 1.64× | ||
| Q3 25 | 0.37× | 1.75× | ||
| Q2 25 | 0.48× | 1.86× | ||
| Q1 25 | 0.59× | 1.91× | ||
| Q4 24 | — | 1.76× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.89× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $137.9M | $631.0M |
| 自由现金流率自由现金流/营收 | 3.4% | 10.1% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $502.6M | $4.8B |
8季度趋势，按日历期对齐
经营现金流CLSUNP
| Q1 26 | $356.3M | — | ||
| Q4 25 | $250.6M | $2.2B | ||
| Q3 25 | $126.2M | $2.5B | ||
| Q2 25 | $152.4M | $2.3B | ||
| Q1 25 | $130.3M | $2.2B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $122.8M | $2.7B | ||
| Q2 24 | $99.6M | $1.9B |
自由现金流CLSUNP
| Q1 26 | $137.9M | $631.0M | ||
| Q4 25 | $155.9M | $1.2B | ||
| Q3 25 | $88.9M | $1.6B | ||
| Q2 25 | $119.9M | $1.4B | ||
| Q1 25 | $93.6M | $1.3B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $76.8M | $1.8B | ||
| Q2 24 | $62.7M | $1.0B |
自由现金流率CLSUNP
| Q1 26 | 3.4% | 10.1% | ||
| Q4 25 | 4.3% | 20.1% | ||
| Q3 25 | 2.8% | 25.2% | ||
| Q2 25 | 4.1% | 22.7% | ||
| Q1 25 | 3.5% | 21.6% | ||
| Q4 24 | — | 28.4% | ||
| Q3 24 | 3.1% | 29.9% | ||
| Q2 24 | 2.6% | 16.8% |
资本支出强度CLSUNP
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 16.4% | ||
| Q3 25 | 1.2% | 15.2% | ||
| Q2 25 | 1.1% | 15.2% | ||
| Q1 25 | 1.4% | 15.0% | ||
| Q4 24 | — | 15.1% | ||
| Q3 24 | 1.8% | 13.6% | ||
| Q2 24 | 1.5% | 15.0% |
现金转化率CLSUNP
| Q1 26 | 1.68× | — | ||
| Q4 25 | 0.94× | 1.20× | ||
| Q3 25 | 0.47× | 1.41× | ||
| Q2 25 | 0.72× | 1.24× | ||
| Q1 25 | 1.51× | 1.36× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | 1.37× | 1.59× | ||
| Q2 24 | 1.05× | 1.14× |
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
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
