vs
安朗杰（ALLE）与CF Industries（CF）财务数据对比。点击上方公司名可切换其他公司
CF Industries的季度营收约是安朗杰的1.8倍（$1.9B vs $1.0B），CF Industries净利率更高（26.4% vs 13.4%，领先13.1%），CF Industries同比增速更快（22.8% vs 9.7%），过去两年CF Industries的营收复合增速更高（12.8% vs 3.5%）
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
CF Industries Holdings Inc.是美国知名农用肥料生产及分销商，1946年成立时名为中央农民肥料公司，总部位于芝加哥郊区的伊利诺伊州诺斯布鲁克。公司主营氨、尿素、硝酸铵等肥料产品，最初为区域农业供应合作社联盟，成立56年后完成股份化改制，转为公开上市企业。
ALLE vs CF — 直观对比
营收规模更大
CF
是对方的1.8倍
$1.0B
营收增速更快
CF
高出13.1%
9.7%
净利率更高
CF
高出13.1%
13.4%
两年增速更快
CF
近两年复合增速
3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.9B |
| 净利润 | $138.1M | $495.0M |
| 毛利率 | 44.0% | 40.9% |
| 营业利润率 | 18.9% | 33.0% |
| 净利率 | 13.4% | 26.4% |
| 营收同比 | 9.7% | 22.8% |
| 净利润同比 | -6.8% | 26.3% |
| 每股收益（稀释后） | — | $2.56 |
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ALLECF
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.9B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $941.9M | $1.7B | ||
| Q4 24 | $945.6M | $1.5B | ||
| Q3 24 | $967.1M | $1.4B | ||
| Q2 24 | $965.6M | $1.6B |
净利润ALLECF
| Q1 26 | $138.1M | — | ||
| Q4 25 | $147.5M | $495.0M | ||
| Q3 25 | $188.4M | $460.0M | ||
| Q2 25 | $159.7M | $492.0M | ||
| Q1 25 | $148.2M | $351.0M | ||
| Q4 24 | $144.1M | $392.0M | ||
| Q3 24 | $174.2M | $341.0M | ||
| Q2 24 | $155.4M | $506.0M |
毛利率ALLECF
| Q1 26 | 44.0% | — | ||
| Q4 25 | 44.5% | 40.9% | ||
| Q3 25 | 45.8% | 38.1% | ||
| Q2 25 | 45.6% | 39.9% | ||
| Q1 25 | 44.9% | 34.4% | ||
| Q4 24 | 44.1% | 34.4% | ||
| Q3 24 | 44.7% | 32.4% | ||
| Q2 24 | 44.4% | 43.2% |
营业利润率ALLECF
| Q1 26 | 18.9% | — | ||
| Q4 25 | 20.3% | 33.0% | ||
| Q3 25 | 21.8% | 35.0% | ||
| Q2 25 | 21.5% | 34.3% | ||
| Q1 25 | 20.9% | 27.4% | ||
| Q4 24 | 19.5% | 28.9% | ||
| Q3 24 | 22.2% | 26.6% | ||
| Q2 24 | 21.6% | 40.6% |
净利率ALLECF
| Q1 26 | 13.4% | — | ||
| Q4 25 | 14.3% | 26.4% | ||
| Q3 25 | 17.6% | 27.7% | ||
| Q2 25 | 15.6% | 26.0% | ||
| Q1 25 | 15.7% | 21.1% | ||
| Q4 24 | 15.2% | 25.7% | ||
| Q3 24 | 18.0% | 24.9% | ||
| Q2 24 | 16.1% | 32.2% |
每股收益（稀释后）ALLECF
| Q1 26 | — | — | ||
| Q4 25 | $1.70 | $2.56 | ||
| Q3 25 | $2.18 | $2.19 | ||
| Q2 25 | $1.85 | $2.37 | ||
| Q1 25 | $1.71 | $1.85 | ||
| Q4 24 | $1.65 | $1.86 | ||
| Q3 24 | $1.99 | $1.55 | ||
| Q2 24 | $1.77 | $2.30 |
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 | $308.9M | — |
| 总债务越低越好 | $2.0B | $3.2B |
| 股东权益账面价值 | $2.1B | $4.8B |
| 总资产 | $5.3B | $14.1B |
| 负债/权益比越低杠杆越低 | 0.97× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资ALLECF
| Q1 26 | $308.9M | — | ||
| Q4 25 | $356.2M | — | ||
| Q3 25 | $302.7M | — | ||
| Q2 25 | $656.8M | — | ||
| Q1 25 | $494.5M | — | ||
| Q4 24 | $503.8M | — | ||
| Q3 24 | $878.9M | — | ||
| Q2 24 | $747.5M | — |
总债务ALLECF
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $3.2B | ||
| Q3 25 | $2.1B | $3.0B | ||
| Q2 25 | $2.1B | $3.0B | ||
| Q1 25 | $2.0B | $3.0B | ||
| Q4 24 | $2.0B | $3.0B | ||
| Q3 24 | $2.4B | $3.0B | ||
| Q2 24 | $2.4B | $3.0B |
股东权益ALLECF
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $4.8B | ||
| Q3 25 | $1.9B | $4.8B | ||
| Q2 25 | $1.8B | $5.0B | ||
| Q1 25 | $1.6B | $4.8B | ||
| Q4 24 | $1.5B | $5.0B | ||
| Q3 24 | $1.6B | $5.2B | ||
| Q2 24 | $1.4B | $5.5B |
总资产ALLECF
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.2B | $14.1B | ||
| Q3 25 | $5.2B | $14.2B | ||
| Q2 25 | $4.9B | $13.8B | ||
| Q1 25 | $4.6B | $13.3B | ||
| Q4 24 | $4.5B | $13.5B | ||
| Q3 24 | $5.0B | $13.8B | ||
| Q2 24 | $4.8B | $13.8B |
负债/权益比ALLECF
| Q1 26 | 0.97× | — | ||
| Q4 25 | 0.96× | 0.66× | ||
| Q3 25 | 1.07× | 0.61× | ||
| Q2 25 | 1.16× | 0.60× | ||
| Q1 25 | 1.24× | 0.62× | ||
| Q4 24 | 1.33× | 0.60× | ||
| Q3 24 | 1.53× | 0.57× | ||
| Q2 24 | 1.69× | 0.54× |
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 | $101.3M | $539.0M |
| 自由现金流经营现金流 - 资本支出 | — | $313.0M |
| 自由现金流率自由现金流/营收 | — | 16.7% |
| 资本支出强度资本支出/营收 | 2.0% | 12.1% |
| 现金转化率经营现金流/净利润 | 0.73× | 1.09× |
| 过去12个月自由现金流最近4个季度 | — | $1.8B |
8季度趋势，按日历期对齐
经营现金流ALLECF
| Q1 26 | $101.3M | — | ||
| Q4 25 | $240.1M | $539.0M | ||
| Q3 25 | $229.5M | $1.1B | ||
| Q2 25 | $209.7M | $563.0M | ||
| Q1 25 | $104.5M | $586.0M | ||
| Q4 24 | $219.0M | $420.0M | ||
| Q3 24 | $231.9M | $931.0M | ||
| Q2 24 | $173.0M | $475.0M |
自由现金流ALLECF
| Q1 26 | — | — | ||
| Q4 25 | $200.5M | $313.0M | ||
| Q3 25 | $209.8M | $717.0M | ||
| Q2 25 | $192.0M | $318.0M | ||
| Q1 25 | $83.4M | $454.0M | ||
| Q4 24 | $194.9M | $223.0M | ||
| Q3 24 | $212.0M | $792.0M | ||
| Q2 24 | $152.1M | $391.0M |
自由现金流率ALLECF
| Q1 26 | — | — | ||
| Q4 25 | 19.4% | 16.7% | ||
| Q3 25 | 19.6% | 43.2% | ||
| Q2 25 | 18.8% | 16.8% | ||
| Q1 25 | 8.9% | 27.3% | ||
| Q4 24 | 20.6% | 14.6% | ||
| Q3 24 | 21.9% | 57.8% | ||
| Q2 24 | 15.8% | 24.9% |
资本支出强度ALLECF
| Q1 26 | 2.0% | — | ||
| Q4 25 | 3.8% | 12.1% | ||
| Q3 25 | 1.8% | 20.9% | ||
| Q2 25 | 1.7% | 13.0% | ||
| Q1 25 | 2.2% | 7.9% | ||
| Q4 24 | 2.5% | 12.9% | ||
| Q3 24 | 2.1% | 10.1% | ||
| Q2 24 | 2.2% | 5.3% |
现金转化率ALLECF
| Q1 26 | 0.73× | — | ||
| Q4 25 | 1.63× | 1.09× | ||
| Q3 25 | 1.22× | 2.31× | ||
| Q2 25 | 1.31× | 1.14× | ||
| Q1 25 | 0.71× | 1.67× | ||
| Q4 24 | 1.52× | 1.07× | ||
| Q3 24 | 1.33× | 2.73× | ||
| Q2 24 | 1.11× | 0.94× |
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
ALLE
| Allegion Americas | $809.9M | 78% |
| Allegion International | $223.7M | 22% |
CF
| Ammonia | $591.0M | 32% |
| UAN | $493.0M | 26% |
| Urea | $372.0M | 20% |
| Other | $244.0M | 13% |
| Other Products | $147.0M | 8% |
| Ammonium Nitrate Segment | $25.0M | 1% |
