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天弘科技（CLS）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是天弘科技的1.8倍（$7.4B vs $4.0B），美国合众银行净利率更高（27.8% vs 5.2%，领先22.5%），天弘科技同比增速更快（52.8% vs 5.1%），过去两年天弘科技的营收复合增速更高（35.4% vs 4.7%）
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。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
CLS vs USB — 直观对比
营收规模更大
USB
是对方的1.8倍
$4.0B
营收增速更快
CLS
高出47.7%
5.1%
净利率更高
USB
高出22.5%
5.2%
两年增速更快
CLS
近两年复合增速
4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $7.4B |
| 净利润 | $212.3M | $2.0B |
| 毛利率 | 10.8% | — |
| 营业利润率 | 6723.5% | 34.4% |
| 净利率 | 5.2% | 27.8% |
| 营收同比 | 52.8% | 5.1% |
| 净利润同比 | 146.3% | 23.0% |
| 每股收益（稀释后） | $1.83 | $1.26 |
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CLSUSB
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.7B | $7.4B | ||
| Q3 25 | $3.2B | $7.3B | ||
| Q2 25 | $2.9B | $7.0B | ||
| Q1 25 | $2.6B | $7.0B | ||
| Q4 24 | — | $7.0B | ||
| Q3 24 | $2.5B | $6.9B | ||
| Q2 24 | $2.4B | $6.9B |
净利润CLSUSB
| Q1 26 | $212.3M | — | ||
| Q4 25 | $267.5M | $2.0B | ||
| Q3 25 | $267.8M | $2.0B | ||
| Q2 25 | $211.0M | $1.8B | ||
| Q1 25 | $86.2M | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $89.5M | $1.7B | ||
| Q2 24 | $95.0M | $1.6B |
毛利率CLSUSB
| 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CLSUSB
| Q1 26 | 6723.5% | — | ||
| Q4 25 | 8.6% | 34.4% | ||
| Q3 25 | 10.2% | 34.5% | ||
| Q2 25 | 9.4% | 32.7% | ||
| Q1 25 | 4.9% | 31.0% | ||
| Q4 24 | — | 30.1% | ||
| Q3 24 | 5.5% | 30.2% | ||
| Q2 24 | 5.6% | 29.9% |
净利率CLSUSB
| Q1 26 | 5.2% | — | ||
| Q4 25 | 7.3% | 27.8% | ||
| Q3 25 | 8.4% | 27.3% | ||
| Q2 25 | 7.3% | 25.9% | ||
| Q1 25 | 3.3% | 24.6% | ||
| Q4 24 | — | 23.7% | ||
| Q3 24 | 3.6% | 25.0% | ||
| Q2 24 | 4.0% | 23.3% |
每股收益（稀释后）CLSUSB
| Q1 26 | $1.83 | — | ||
| Q4 25 | $2.29 | $1.26 | ||
| Q3 25 | $2.31 | $1.22 | ||
| Q2 25 | $1.82 | $1.11 | ||
| Q1 25 | $0.74 | $1.03 | ||
| Q4 24 | — | $1.01 | ||
| Q3 24 | $0.75 | $1.03 | ||
| Q2 24 | $0.80 | $0.97 |
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 | — | — |
| 股东权益账面价值 | $2.1B | $65.2B |
| 总资产 | $8260.0B | $692.3B |
| 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CLSUSB
| Q1 26 | $378.0M | — | ||
| Q4 25 | $595.6M | — | ||
| Q3 25 | $305.9M | — | ||
| Q2 25 | $313.8M | — | ||
| Q1 25 | $303.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务CLSUSB
| 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CLSUSB
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $65.2B | ||
| Q3 25 | $2.0B | $63.3B | ||
| Q2 25 | $1.8B | $61.4B | ||
| Q1 25 | $1.6B | $60.1B | ||
| Q4 24 | — | $58.6B | ||
| Q3 24 | $1.8B | $58.9B | ||
| Q2 24 | $1.8B | $56.4B |
总资产CLSUSB
| Q1 26 | $8260.0B | — | ||
| Q4 25 | $7.2B | $692.3B | ||
| Q3 25 | $6.6B | $695.4B | ||
| Q2 25 | $6.2B | $686.4B | ||
| Q1 25 | $5.8B | $676.5B | ||
| Q4 24 | — | $678.3B | ||
| Q3 24 | — | $686.5B | ||
| Q2 24 | — | $680.1B |
负债/权益比CLSUSB
| 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 | $2.8B |
| 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× | 1.39× |
| 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CLSUSB
| Q1 26 | $356.3M | — | ||
| Q4 25 | $250.6M | $2.8B | ||
| Q3 25 | $126.2M | $3.4B | ||
| Q2 25 | $152.4M | $2.0B | ||
| Q1 25 | $130.3M | $-285.0M | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | $122.8M | $972.0M | ||
| Q2 24 | $99.6M | $2.9B |
自由现金流CLSUSB
| Q1 26 | $137.9M | — | ||
| Q4 25 | $155.9M | — | ||
| Q3 25 | $88.9M | — | ||
| Q2 25 | $119.9M | — | ||
| Q1 25 | $93.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $76.8M | — | ||
| Q2 24 | $62.7M | — |
自由现金流率CLSUSB
| Q1 26 | 3.4% | — | ||
| Q4 25 | 4.3% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.1% | — | ||
| Q2 24 | 2.6% | — |
资本支出强度CLSUSB
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 1.5% | — |
现金转化率CLSUSB
| Q1 26 | 1.68× | — | ||
| Q4 25 | 0.94× | 1.39× | ||
| Q3 25 | 0.47× | 1.69× | ||
| Q2 25 | 0.72× | 1.12× | ||
| Q1 25 | 1.51× | -0.17× | ||
| Q4 24 | — | 2.87× | ||
| Q3 24 | 1.37× | 0.57× | ||
| Q2 24 | 1.05× | 1.79× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
