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APi Group Corp（APG）与CF Industries（CF）财务数据对比。点击上方公司名可切换其他公司
APi Group Corp的季度营收约是CF Industries的1.1倍（$2.1B vs $1.9B），CF Industries净利率更高（26.4% vs 4.6%，领先21.9%），CF Industries同比增速更快（22.8% vs 13.8%），APi Group Corp自由现金流更多（$356.0M vs $313.0M），过去两年APi Group Corp的营收复合增速更高（15.0% vs 12.8%）
xAI是埃隆·马斯克2023年创立的美国科技企业，为航天企业SpaceX的全资子公司，业务覆盖人工智能、社交媒体领域，核心产品包括生成式AI聊天机器人Grok，以及2025年3月收购的社交媒体平台X。
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。
APG vs CF — 直观对比
营收规模更大
APG
是对方的1.1倍
$1.9B
营收增速更快
CF
高出9.1%
13.8%
净利率更高
CF
高出21.9%
4.6%
自由现金流更多
APG
多$43.0M
$313.0M
两年增速更快
APG
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.9B |
| 净利润 | $97.0M | $495.0M |
| 毛利率 | 32.0% | 40.9% |
| 营业利润率 | 7.7% | 33.0% |
| 净利率 | 4.6% | 26.4% |
| 营收同比 | 13.8% | 22.8% |
| 净利润同比 | 44.8% | 26.3% |
| 每股收益（稀释后） | $-1.16 | $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APGCF
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $2.0B | $1.9B | ||
| Q1 25 | $1.7B | $1.7B | ||
| Q4 24 | $1.9B | $1.5B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.6B | $1.5B |
净利润APGCF
| Q4 25 | $97.0M | $495.0M | ||
| Q3 25 | $93.0M | $460.0M | ||
| Q2 25 | $77.0M | $492.0M | ||
| Q1 25 | $35.0M | $351.0M | ||
| Q4 24 | $67.0M | $392.0M | ||
| Q3 24 | $69.0M | $341.0M | ||
| Q2 24 | $69.0M | $506.0M | ||
| Q1 24 | $45.0M | $238.0M |
毛利率APGCF
| Q4 25 | 32.0% | 40.9% | ||
| Q3 25 | 31.3% | 38.1% | ||
| Q2 25 | 30.9% | 39.9% | ||
| Q1 25 | 31.5% | 34.4% | ||
| Q4 24 | 30.9% | 34.4% | ||
| Q3 24 | 31.1% | 32.4% | ||
| Q2 24 | 31.4% | 43.2% | ||
| Q1 24 | 30.7% | 27.8% |
营业利润率APGCF
| Q4 25 | 7.7% | 33.0% | ||
| Q3 25 | 7.8% | 35.0% | ||
| Q2 25 | 7.2% | 34.3% | ||
| Q1 25 | 4.9% | 27.4% | ||
| Q4 24 | 6.2% | 28.9% | ||
| Q3 24 | 7.8% | 26.6% | ||
| Q2 24 | 7.3% | 40.6% | ||
| Q1 24 | 6.2% | 20.6% |
净利率APGCF
| Q4 25 | 4.6% | 26.4% | ||
| Q3 25 | 4.5% | 27.7% | ||
| Q2 25 | 3.9% | 26.0% | ||
| Q1 25 | 2.0% | 21.1% | ||
| Q4 24 | 3.6% | 25.7% | ||
| Q3 24 | 3.8% | 24.9% | ||
| Q2 24 | 4.0% | 32.2% | ||
| Q1 24 | 2.8% | 16.2% |
每股收益（稀释后）APGCF
| Q4 25 | $-1.16 | $2.56 | ||
| Q3 25 | $0.20 | $2.19 | ||
| Q2 25 | $0.16 | $2.37 | ||
| Q1 25 | $0.11 | $1.85 | ||
| Q4 24 | $0.05 | $1.86 | ||
| Q3 24 | $0.23 | $1.55 | ||
| Q2 24 | $0.22 | $2.30 | ||
| Q1 24 | $-1.34 | $1.03 |
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 | $912.0M | — |
| 总债务越低越好 | $2.8B | $3.2B |
| 股东权益账面价值 | $3.4B | $4.8B |
| 总资产 | $8.9B | $14.1B |
| 负债/权益比越低杠杆越低 | 0.81× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资APGCF
| Q4 25 | $912.0M | — | ||
| Q3 25 | $555.0M | — | ||
| Q2 25 | $432.0M | — | ||
| Q1 25 | $460.0M | — | ||
| Q4 24 | $499.0M | — | ||
| Q3 24 | $487.0M | — | ||
| Q2 24 | $324.0M | — | ||
| Q1 24 | $247.0M | — |
总债务APGCF
| Q4 25 | $2.8B | $3.2B | ||
| Q3 25 | $2.8B | $3.0B | ||
| Q2 25 | $2.8B | $3.0B | ||
| Q1 25 | $2.8B | $3.0B | ||
| Q4 24 | $2.8B | $3.0B | ||
| Q3 24 | $2.9B | $3.0B | ||
| Q2 24 | $2.8B | $3.0B | ||
| Q1 24 | $2.7B | $3.0B |
股东权益APGCF
| Q4 25 | $3.4B | $4.8B | ||
| Q3 25 | $3.3B | $4.8B | ||
| Q2 25 | $3.2B | $5.0B | ||
| Q1 25 | $3.0B | $4.8B | ||
| Q4 24 | $3.0B | $5.0B | ||
| Q3 24 | $3.0B | $5.2B | ||
| Q2 24 | $2.8B | $5.5B | ||
| Q1 24 | $2.3B | $5.4B |
总资产APGCF
| Q4 25 | $8.9B | $14.1B | ||
| Q3 25 | $8.7B | $14.2B | ||
| Q2 25 | $8.5B | $13.8B | ||
| Q1 25 | $8.1B | $13.3B | ||
| Q4 24 | $8.2B | $13.5B | ||
| Q3 24 | $8.2B | $13.8B | ||
| Q2 24 | $8.0B | $13.8B | ||
| Q1 24 | $7.2B | $13.9B |
负债/权益比APGCF
| Q4 25 | 0.81× | 0.66× | ||
| Q3 25 | 0.84× | 0.61× | ||
| Q2 25 | 0.87× | 0.60× | ||
| Q1 25 | 0.92× | 0.62× | ||
| Q4 24 | 0.93× | 0.60× | ||
| Q3 24 | 0.96× | 0.57× | ||
| Q2 24 | 1.00× | 0.54× | ||
| Q1 24 | 1.19× | 0.55× |
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 | $382.0M | $539.0M |
| 自由现金流经营现金流 - 资本支出 | $356.0M | $313.0M |
| 自由现金流率自由现金流/营收 | 16.8% | 16.7% |
| 资本支出强度资本支出/营收 | 1.2% | 12.1% |
| 现金转化率经营现金流/净利润 | 3.94× | 1.09× |
| 过去12个月自由现金流最近4个季度 | $663.0M | $1.8B |
8季度趋势，按日历期对齐
经营现金流APGCF
| Q4 25 | $382.0M | $539.0M | ||
| Q3 25 | $232.0M | $1.1B | ||
| Q2 25 | $83.0M | $563.0M | ||
| Q1 25 | $62.0M | $586.0M | ||
| Q4 24 | $283.0M | $420.0M | ||
| Q3 24 | $220.0M | $931.0M | ||
| Q2 24 | $110.0M | $475.0M | ||
| Q1 24 | $7.0M | $445.0M |
自由现金流APGCF
| Q4 25 | $356.0M | $313.0M | ||
| Q3 25 | $201.0M | $717.0M | ||
| Q2 25 | $56.0M | $318.0M | ||
| Q1 25 | $50.0M | $454.0M | ||
| Q4 24 | $265.0M | $223.0M | ||
| Q3 24 | $198.0M | $792.0M | ||
| Q2 24 | $88.0M | $391.0M | ||
| Q1 24 | $-15.0M | $347.0M |
自由现金流率APGCF
| Q4 25 | 16.8% | 16.7% | ||
| Q3 25 | 9.6% | 43.2% | ||
| Q2 25 | 2.8% | 16.8% | ||
| Q1 25 | 2.9% | 27.3% | ||
| Q4 24 | 14.2% | 14.6% | ||
| Q3 24 | 10.8% | 57.8% | ||
| Q2 24 | 5.1% | 24.9% | ||
| Q1 24 | -0.9% | 23.6% |
资本支出强度APGCF
| Q4 25 | 1.2% | 12.1% | ||
| Q3 25 | 1.5% | 20.9% | ||
| Q2 25 | 1.4% | 13.0% | ||
| Q1 25 | 0.7% | 7.9% | ||
| Q4 24 | 1.0% | 12.9% | ||
| Q3 24 | 1.2% | 10.1% | ||
| Q2 24 | 1.3% | 5.3% | ||
| Q1 24 | 1.4% | 6.7% |
现金转化率APGCF
| Q4 25 | 3.94× | 1.09× | ||
| Q3 25 | 2.49× | 2.31× | ||
| Q2 25 | 1.08× | 1.14× | ||
| Q1 25 | 1.77× | 1.67× | ||
| Q4 24 | 4.22× | 1.07× | ||
| Q3 24 | 3.19× | 2.73× | ||
| Q2 24 | 1.59× | 0.94× | ||
| Q1 24 | 0.16× | 1.87× |
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
APG
暂无分部数据
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% |
