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希悦尔（SEE）与Veralto（VLTO）财务数据对比。点击上方公司名可切换其他公司
Veralto的季度营收约是希悦尔的1.0倍（$1.4B vs $1.4B），Veralto净利率更高（17.0% vs 3.1%，领先13.9%），Veralto同比增速更快（4.4% vs 2.6%），Veralto自由现金流更多（$258.0M vs $257.7M），过去两年Veralto的营收复合增速更高（5.8% vs 2.7%）
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
SEE vs VLTO — 直观对比
营收规模更大
VLTO
是对方的1.0倍
$1.4B
营收增速更快
VLTO
高出1.8%
2.6%
净利率更高
VLTO
高出13.9%
3.1%
自由现金流更多
VLTO
多$300.0K
$257.7M
两年增速更快
VLTO
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $43.8M | $239.0M |
| 毛利率 | 28.6% | 60.1% |
| 营业利润率 | 11.4% | 23.2% |
| 净利率 | 3.1% | 17.0% |
| 营收同比 | 2.6% | 4.4% |
| 净利润同比 | 700.0% | 5.3% |
| 每股收益（稀释后） | $0.30 | $0.95 |
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SEEVLTO
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.3B | $1.2B |
净利润SEEVLTO
| Q4 25 | $43.8M | $239.0M | ||
| Q3 25 | $255.1M | $222.0M | ||
| Q2 25 | $93.1M | $225.0M | ||
| Q1 25 | $113.5M | — | ||
| Q4 24 | $-7.3M | $227.0M | ||
| Q3 24 | $91.7M | $219.0M | ||
| Q2 24 | $98.3M | $203.0M | ||
| Q1 24 | $82.0M | $184.0M |
毛利率SEEVLTO
| Q4 25 | 28.6% | 60.1% | ||
| Q3 25 | 29.8% | 60.0% | ||
| Q2 25 | 30.7% | 60.4% | ||
| Q1 25 | 30.9% | — | ||
| Q4 24 | 30.0% | 59.6% | ||
| Q3 24 | 30.1% | 59.6% | ||
| Q2 24 | 31.2% | 60.1% | ||
| Q1 24 | 30.3% | 60.0% |
营业利润率SEEVLTO
| Q4 25 | 11.4% | 23.2% | ||
| Q3 25 | 13.8% | 22.8% | ||
| Q2 25 | 15.0% | 24.2% | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 11.7% | 22.9% | ||
| Q3 24 | 13.9% | 23.4% | ||
| Q2 24 | 15.4% | 23.2% | ||
| Q1 24 | 14.0% | 23.5% |
净利率SEEVLTO
| Q4 25 | 3.1% | 17.0% | ||
| Q3 25 | 19.0% | 16.2% | ||
| Q2 25 | 7.0% | 16.9% | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | -0.5% | 16.9% | ||
| Q3 24 | 6.9% | 16.7% | ||
| Q2 24 | 7.4% | 15.8% | ||
| Q1 24 | 6.2% | 14.8% |
每股收益（稀释后）SEEVLTO
| Q4 25 | $0.30 | $0.95 | ||
| Q3 25 | $1.73 | $0.89 | ||
| Q2 25 | $0.63 | $0.90 | ||
| Q1 25 | $0.77 | — | ||
| Q4 24 | $-0.05 | $0.91 | ||
| Q3 24 | $0.63 | $0.88 | ||
| Q2 24 | $0.67 | $0.81 | ||
| Q1 24 | $0.56 | $0.74 |
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 | $344.0M | $1.8B |
| 总债务越低越好 | $3.3B | $2.7B |
| 股东权益账面价值 | $1.2B | $2.8B |
| 总资产 | $7.0B | $7.4B |
| 负债/权益比越低杠杆越低 | 2.65× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资SEEVLTO
| Q4 25 | $344.0M | $1.8B | ||
| Q3 25 | $282.5M | $1.6B | ||
| Q2 25 | $354.4M | $1.2B | ||
| Q1 25 | $335.2M | — | ||
| Q4 24 | $371.8M | $1.1B | ||
| Q3 24 | $386.0M | $1.3B | ||
| Q2 24 | $388.6M | $1.0B | ||
| Q1 24 | $352.8M | $827.0M |
总债务SEEVLTO
| Q4 25 | $3.3B | $2.7B | ||
| Q3 25 | $4.0B | $2.7B | ||
| Q2 25 | $4.0B | $2.6B | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.2B | $2.6B | ||
| Q3 24 | $4.3B | $2.6B | ||
| Q2 24 | $4.4B | $2.6B | ||
| Q1 24 | $4.5B | $2.6B |
股东权益SEEVLTO
| Q4 25 | $1.2B | $2.8B | ||
| Q3 25 | $1.2B | $2.7B | ||
| Q2 25 | $953.1M | $2.3B | ||
| Q1 25 | $797.9M | — | ||
| Q4 24 | $624.5M | $2.0B | ||
| Q3 24 | $771.2M | $2.0B | ||
| Q2 24 | $650.1M | $1.7B | ||
| Q1 24 | $598.3M | $1.5B |
总资产SEEVLTO
| Q4 25 | $7.0B | $7.4B | ||
| Q3 25 | $7.1B | $7.2B | ||
| Q2 25 | $7.2B | $6.6B | ||
| Q1 25 | $7.0B | — | ||
| Q4 24 | $7.0B | $6.4B | ||
| Q3 24 | $7.3B | $6.3B | ||
| Q2 24 | $7.3B | $5.9B | ||
| Q1 24 | $7.2B | $5.7B |
负债/权益比SEEVLTO
| Q4 25 | 2.65× | 0.94× | ||
| Q3 25 | 3.34× | 1.01× | ||
| Q2 25 | 4.18× | 1.14× | ||
| Q1 25 | 5.26× | — | ||
| Q4 24 | 6.72× | 1.28× | ||
| Q3 24 | 5.62× | 1.35× | ||
| Q2 24 | 6.81× | 1.57× | ||
| Q1 24 | 7.49× | 1.77× |
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 | $293.6M | $270.0M |
| 自由现金流经营现金流 - 资本支出 | $257.7M | $258.0M |
| 自由现金流率自由现金流/营收 | 18.5% | 18.4% |
| 资本支出强度资本支出/营收 | 2.6% | 0.9% |
| 现金转化率经营现金流/净利润 | 6.70× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $458.5M | $986.0M |
8季度趋势，按日历期对齐
经营现金流SEEVLTO
| Q4 25 | $293.6M | $270.0M | ||
| Q3 25 | $165.9M | $339.0M | ||
| Q2 25 | $136.6M | $157.0M | ||
| Q1 25 | $31.9M | — | ||
| Q4 24 | $244.2M | $285.0M | ||
| Q3 24 | $170.5M | $224.0M | ||
| Q2 24 | $188.2M | $251.0M | ||
| Q1 24 | $125.1M | $115.0M |
自由现金流SEEVLTO
| Q4 25 | $257.7M | $258.0M | ||
| Q3 25 | $119.6M | $323.0M | ||
| Q2 25 | $93.2M | $142.0M | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | $185.1M | $263.0M | ||
| Q3 24 | $115.2M | $215.0M | ||
| Q2 24 | $129.5M | $240.0M | ||
| Q1 24 | $78.0M | $102.0M |
自由现金流率SEEVLTO
| Q4 25 | 18.5% | 18.4% | ||
| Q3 25 | 8.9% | 23.6% | ||
| Q2 25 | 7.0% | 10.7% | ||
| Q1 25 | -0.9% | — | ||
| Q4 24 | 13.6% | 19.6% | ||
| Q3 24 | 8.6% | 16.4% | ||
| Q2 24 | 9.7% | 18.6% | ||
| Q1 24 | 5.9% | 8.2% |
资本支出强度SEEVLTO
| Q4 25 | 2.6% | 0.9% | ||
| Q3 25 | 3.4% | 1.2% | ||
| Q2 25 | 3.3% | 1.1% | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 4.4% | 1.6% | ||
| Q3 24 | 4.1% | 0.7% | ||
| Q2 24 | 4.4% | 0.9% | ||
| Q1 24 | 3.6% | 1.0% |
现金转化率SEEVLTO
| Q4 25 | 6.70× | 1.13× | ||
| Q3 25 | 0.65× | 1.53× | ||
| Q2 25 | 1.47× | 0.70× | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | 1.86× | 1.02× | ||
| Q2 24 | 1.91× | 1.24× | ||
| Q1 24 | 1.53× | 0.63× |
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
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
VLTO
| Product Quality And Innovation Segment | $548.0M | 39% |
| Revenuefrom Contractwith Customer Measurement Recurring | $521.0M | 37% |
| Revenuefrom Contractwith Customer Measurement Nonrecurring | $335.0M | 24% |
