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博思艾伦汉密尔顿（BAH）与CF Industries（CF）财务数据对比。点击上方公司名可切换其他公司
博思艾伦汉密尔顿的季度营收约是CF Industries的1.3倍（$2.6B vs $2.0B），CF Industries净利率更高（31.0% vs 7.6%，领先23.3%），CF Industries同比增速更快（19.4% vs -10.2%），CF Industries自由现金流更多（$1.7B vs $248.0M），过去两年CF Industries的营收复合增速更高（12.4% vs -2.8%）
博思艾伦汉密尔顿控股集团是美国知名专业服务企业，深耕数字化转型与人工智能领域，为公共部门、私营机构及非营利组织提供咨询、分析与工程服务，总部位于弗吉尼亚州麦克莱恩，属华盛顿大都会区，在全球另设有80个办事处。
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。
BAH vs CF — 直观对比
营收规模更大
BAH
是对方的1.3倍
$2.0B
营收增速更快
CF
高出29.6%
-10.2%
净利率更高
CF
高出23.3%
7.6%
自由现金流更多
CF
多$1.4B
$248.0M
两年增速更快
CF
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.0B |
| 净利润 | $200.0M | $615.0M |
| 毛利率 | 51.9% | 37.6% |
| 营业利润率 | 8.8% | 43.5% |
| 净利率 | 7.6% | 31.0% |
| 营收同比 | -10.2% | 19.4% |
| 净利润同比 | 7.0% | 97.1% |
| 每股收益（稀释后） | $1.63 | $3.98 |
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BAHCF
| Q1 26 | — | $2.0B | ||
| Q4 25 | $2.6B | $1.9B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $2.9B | $1.9B | ||
| Q1 25 | $3.0B | $1.7B | ||
| Q4 24 | $2.9B | $1.5B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $2.9B | $1.6B |
净利润BAHCF
| Q1 26 | — | $615.0M | ||
| Q4 25 | $200.0M | $495.0M | ||
| Q3 25 | $175.0M | $460.0M | ||
| Q2 25 | $271.0M | $492.0M | ||
| Q1 25 | $192.7M | $351.0M | ||
| Q4 24 | $186.9M | $392.0M | ||
| Q3 24 | $390.1M | $341.0M | ||
| Q2 24 | $165.2M | $506.0M |
毛利率BAHCF
| Q1 26 | — | 37.6% | ||
| Q4 25 | 51.9% | 40.9% | ||
| Q3 25 | 53.6% | 38.1% | ||
| Q2 25 | 51.3% | 39.9% | ||
| Q1 25 | 53.6% | 34.4% | ||
| Q4 24 | 55.2% | 34.4% | ||
| Q3 24 | 56.7% | 32.4% | ||
| Q2 24 | 53.4% | 43.2% |
营业利润率BAHCF
| Q1 26 | — | 43.5% | ||
| Q4 25 | 8.8% | 33.0% | ||
| Q3 25 | 9.8% | 35.0% | ||
| Q2 25 | 8.8% | 34.3% | ||
| Q1 25 | 9.2% | 27.4% | ||
| Q4 24 | 10.0% | 28.9% | ||
| Q3 24 | 17.4% | 26.6% | ||
| Q2 24 | 8.7% | 40.6% |
净利率BAHCF
| Q1 26 | — | 31.0% | ||
| Q4 25 | 7.6% | 26.4% | ||
| Q3 25 | 6.1% | 27.7% | ||
| Q2 25 | 9.3% | 26.0% | ||
| Q1 25 | 6.5% | 21.1% | ||
| Q4 24 | 6.4% | 25.7% | ||
| Q3 24 | 12.4% | 24.9% | ||
| Q2 24 | 5.6% | 32.2% |
每股收益（稀释后）BAHCF
| Q1 26 | — | $3.98 | ||
| Q4 25 | $1.63 | $2.56 | ||
| Q3 25 | $1.42 | $2.19 | ||
| Q2 25 | $2.16 | $2.37 | ||
| Q1 25 | $1.52 | $1.85 | ||
| Q4 24 | $1.45 | $1.86 | ||
| Q3 24 | $3.01 | $1.55 | ||
| Q2 24 | $1.27 | $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 | $882.0M | — |
| 总债务越低越好 | $3.9B | $3.2B |
| 股东权益账面价值 | $1.0B | $5.3B |
| 总资产 | $7.1B | $14.6B |
| 负债/权益比越低杠杆越低 | 3.84× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资BAHCF
| Q1 26 | — | — | ||
| Q4 25 | $882.0M | — | ||
| Q3 25 | $816.0M | — | ||
| Q2 25 | $711.0M | — | ||
| Q1 25 | $885.0M | — | ||
| Q4 24 | $453.5M | — | ||
| Q3 24 | $558.7M | — | ||
| Q2 24 | $297.7M | — |
总债务BAHCF
| Q1 26 | — | $3.2B | ||
| Q4 25 | $3.9B | $3.2B | ||
| Q3 25 | $4.0B | $3.0B | ||
| Q2 25 | $4.0B | $3.0B | ||
| Q1 25 | $4.0B | $3.0B | ||
| Q4 24 | $3.4B | $3.0B | ||
| Q3 24 | $3.4B | $3.0B | ||
| Q2 24 | $3.4B | $3.0B |
股东权益BAHCF
| Q1 26 | — | $5.3B | ||
| Q4 25 | $1.0B | $4.8B | ||
| Q3 25 | $996.0M | $4.8B | ||
| Q2 25 | $1.1B | $5.0B | ||
| Q1 25 | $1.0B | $4.8B | ||
| Q4 24 | $1.2B | $5.0B | ||
| Q3 24 | $1.2B | $5.2B | ||
| Q2 24 | $1.1B | $5.5B |
总资产BAHCF
| Q1 26 | — | $14.6B | ||
| Q4 25 | $7.1B | $14.1B | ||
| Q3 25 | $7.2B | $14.2B | ||
| Q2 25 | $7.2B | $13.8B | ||
| Q1 25 | $7.3B | $13.3B | ||
| Q4 24 | $6.8B | $13.5B | ||
| Q3 24 | $6.9B | $13.8B | ||
| Q2 24 | $6.6B | $13.8B |
负债/权益比BAHCF
| Q1 26 | — | 0.60× | ||
| Q4 25 | 3.84× | 0.66× | ||
| Q3 25 | 3.98× | 0.61× | ||
| Q2 25 | 3.74× | 0.60× | ||
| Q1 25 | 3.99× | 0.62× | ||
| Q4 24 | 2.79× | 0.60× | ||
| Q3 24 | 2.83× | 0.57× | ||
| Q2 24 | 3.14× | 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 | $261.0M | $496.0M |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $1.7B |
| 自由现金流率自由现金流/营收 | 9.5% | 83.2% |
| 资本支出强度资本支出/营收 | 0.5% | 11.2% |
| 现金转化率经营现金流/净利润 | 1.30× | 0.81× |
| 过去12个月自由现金流最近4个季度 | $933.4M | $3.0B |
8季度趋势，按日历期对齐
经营现金流BAHCF
| Q1 26 | — | $496.0M | ||
| Q4 25 | $261.0M | $539.0M | ||
| Q3 25 | $421.0M | $1.1B | ||
| Q2 25 | $119.0M | $563.0M | ||
| Q1 25 | $219.0M | $586.0M | ||
| Q4 24 | $150.8M | $420.0M | ||
| Q3 24 | $587.1M | $931.0M | ||
| Q2 24 | $52.1M | $475.0M |
自由现金流BAHCF
| Q1 26 | — | $1.7B | ||
| Q4 25 | $248.0M | $313.0M | ||
| Q3 25 | $395.0M | $717.0M | ||
| Q2 25 | $96.0M | $318.0M | ||
| Q1 25 | $194.4M | $454.0M | ||
| Q4 24 | $133.6M | $223.0M | ||
| Q3 24 | $563.3M | $792.0M | ||
| Q2 24 | $19.7M | $391.0M |
自由现金流率BAHCF
| Q1 26 | — | 83.2% | ||
| Q4 25 | 9.5% | 16.7% | ||
| Q3 25 | 13.7% | 43.2% | ||
| Q2 25 | 3.3% | 16.8% | ||
| Q1 25 | 6.5% | 27.3% | ||
| Q4 24 | 4.6% | 14.6% | ||
| Q3 24 | 17.9% | 57.8% | ||
| Q2 24 | 0.7% | 24.9% |
资本支出强度BAHCF
| Q1 26 | — | 11.2% | ||
| Q4 25 | 0.5% | 12.1% | ||
| Q3 25 | 0.9% | 20.9% | ||
| Q2 25 | 0.8% | 13.0% | ||
| Q1 25 | 0.8% | 7.9% | ||
| Q4 24 | 0.6% | 12.9% | ||
| Q3 24 | 0.8% | 10.1% | ||
| Q2 24 | 1.1% | 5.3% |
现金转化率BAHCF
| Q1 26 | — | 0.81× | ||
| Q4 25 | 1.30× | 1.09× | ||
| Q3 25 | 2.41× | 2.31× | ||
| Q2 25 | 0.44× | 1.14× | ||
| Q1 25 | 1.14× | 1.67× | ||
| Q4 24 | 0.81× | 1.07× | ||
| Q3 24 | 1.50× | 2.73× | ||
| Q2 24 | 0.32× | 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
BAH
| Defense Clients | $1.5B | 55% |
| Civil Clients | $732.0M | 28% |
| Intelligence Clients | $434.0M | 17% |
CF
| EBITDA | $1.0B | 51% |
| Other | $975.0M | 49% |
| Loss on foreign currency transactions | $3.0M | 0% |
