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BRUNSWICK CORP（BC）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BRUNSWICK CORP的1.4倍（$2.0B vs $1.4B），CF Industries净利率更高（31.0% vs 1.5%，领先29.4%），CF Industries同比增速更快（19.4% vs 17.3%），CF Industries自由现金流更多（$1.7B vs $-116.8M），过去两年CF Industries的营收复合增速更高（12.4% vs -2.3%）
美国Brunswick公司创立于1845年，专注于多品类产品的研发、生产与营销，旗下拥有知名海事品牌水星海事（Mercury Marine）等多个品牌。目前集团在24个国家拥有超1.3万名员工，2024年销售额达52亿美元，全球总部位于伊利诺伊州芝加哥北郊的梅塔瓦。
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。
BC vs CF — 直观对比
营收规模更大
CF
是对方的1.4倍
$1.4B
营收增速更快
CF
高出2.1%
17.3%
净利率更高
CF
高出29.4%
1.5%
自由现金流更多
CF
多$1.8B
$-116.8M
两年增速更快
CF
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.0B |
| 净利润 | $21.0M | $615.0M |
| 毛利率 | 24.9% | 37.6% |
| 营业利润率 | 3.6% | 43.5% |
| 净利率 | 1.5% | 31.0% |
| 营收同比 | 17.3% | 19.4% |
| 净利润同比 | — | 97.1% |
| 每股收益（稀释后） | $0.32 | $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BCCF
| Q1 26 | $1.4B | $2.0B | ||
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.4B | $1.6B |
净利润BCCF
| Q1 26 | $21.0M | $615.0M | ||
| Q4 25 | $18.7M | $495.0M | ||
| Q3 25 | $-235.5M | $460.0M | ||
| Q2 25 | $59.3M | $492.0M | ||
| Q1 25 | $20.2M | $351.0M | ||
| Q4 24 | $-82.5M | $392.0M | ||
| Q3 24 | $44.6M | $341.0M | ||
| Q2 24 | $100.0M | $506.0M |
毛利率BCCF
| Q1 26 | 24.9% | 37.6% | ||
| Q4 25 | 23.1% | 40.9% | ||
| Q3 25 | 25.8% | 38.1% | ||
| Q2 25 | 25.5% | 39.9% | ||
| Q1 25 | 24.9% | 34.4% | ||
| Q4 24 | 21.9% | 34.4% | ||
| Q3 24 | 26.2% | 32.4% | ||
| Q2 24 | 27.1% | 43.2% |
营业利润率BCCF
| Q1 26 | 3.6% | 43.5% | ||
| Q4 25 | 3.1% | 33.0% | ||
| Q3 25 | -17.8% | 35.0% | ||
| Q2 25 | 7.1% | 34.3% | ||
| Q1 25 | 4.6% | 27.4% | ||
| Q4 24 | -4.8% | 28.9% | ||
| Q3 24 | 7.7% | 26.6% | ||
| Q2 24 | 11.0% | 40.6% |
净利率BCCF
| Q1 26 | 1.5% | 31.0% | ||
| Q4 25 | 1.4% | 26.4% | ||
| Q3 25 | -17.3% | 27.7% | ||
| Q2 25 | 4.1% | 26.0% | ||
| Q1 25 | 1.7% | 21.1% | ||
| Q4 24 | -7.1% | 25.7% | ||
| Q3 24 | 3.5% | 24.9% | ||
| Q2 24 | 6.9% | 32.2% |
每股收益（稀释后）BCCF
| Q1 26 | $0.32 | $3.98 | ||
| Q4 25 | $0.32 | $2.56 | ||
| Q3 25 | $-3.59 | $2.19 | ||
| Q2 25 | $0.89 | $2.37 | ||
| Q1 25 | $0.30 | $1.85 | ||
| Q4 24 | $-1.21 | $1.86 | ||
| Q3 24 | $0.67 | $1.55 | ||
| Q2 24 | $1.48 | $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 | $277.8M | — |
| 总债务越低越好 | $490.2M | $3.2B |
| 股东权益账面价值 | $1.6B | $5.3B |
| 总资产 | $5.5B | $14.6B |
| 负债/权益比越低杠杆越低 | 0.31× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资BCCF
| Q1 26 | $277.8M | — | ||
| Q4 25 | $256.8M | — | ||
| Q3 25 | $297.7M | — | ||
| Q2 25 | $315.7M | — | ||
| Q1 25 | $286.7M | — | ||
| Q4 24 | $269.0M | — | ||
| Q3 24 | $284.1M | — | ||
| Q2 24 | $494.5M | — |
总债务BCCF
| Q1 26 | $490.2M | $3.2B | ||
| Q4 25 | $2.1B | $3.2B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $2.4B | $3.0B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $3.0B |
股东权益BCCF
| Q1 26 | $1.6B | $5.3B | ||
| Q4 25 | $1.6B | $4.8B | ||
| Q3 25 | $1.6B | $4.8B | ||
| Q2 25 | $1.9B | $5.0B | ||
| Q1 25 | $1.9B | $4.8B | ||
| Q4 24 | $1.9B | $5.0B | ||
| Q3 24 | $2.0B | $5.2B | ||
| Q2 24 | $2.0B | $5.5B |
总资产BCCF
| Q1 26 | $5.5B | $14.6B | ||
| Q4 25 | $5.3B | $14.1B | ||
| Q3 25 | $5.4B | $14.2B | ||
| Q2 25 | $5.8B | $13.8B | ||
| Q1 25 | $5.9B | $13.3B | ||
| Q4 24 | $5.7B | $13.5B | ||
| Q3 24 | $6.0B | $13.8B | ||
| Q2 24 | $6.4B | $13.8B |
负债/权益比BCCF
| Q1 26 | 0.31× | 0.60× | ||
| Q4 25 | 1.30× | 0.66× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | 1.25× | 0.60× | ||
| Q3 24 | — | 0.57× | ||
| Q2 24 | — | 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 | — | $496.0M |
| 自由现金流经营现金流 - 资本支出 | $-116.8M | $1.7B |
| 自由现金流率自由现金流/营收 | -8.5% | 83.2% |
| 资本支出强度资本支出/营收 | 4.2% | 11.2% |
| 现金转化率经营现金流/净利润 | — | 0.81× |
| 过去12个月自由现金流最近4个季度 | $344.6M | $3.0B |
8季度趋势，按日历期对齐
经营现金流BCCF
| Q1 26 | — | $496.0M | ||
| Q4 25 | $132.9M | $539.0M | ||
| Q3 25 | $140.4M | $1.1B | ||
| Q2 25 | $316.2M | $563.0M | ||
| Q1 25 | $-27.4M | $586.0M | ||
| Q4 24 | $306.4M | $420.0M | ||
| Q3 24 | $67.4M | $931.0M | ||
| Q2 24 | $211.0M | $475.0M |
自由现金流BCCF
| Q1 26 | $-116.8M | $1.7B | ||
| Q4 25 | $83.6M | $313.0M | ||
| Q3 25 | $106.5M | $717.0M | ||
| Q2 25 | $271.3M | $318.0M | ||
| Q1 25 | $-65.1M | $454.0M | ||
| Q4 24 | $276.1M | $223.0M | ||
| Q3 24 | $31.4M | $792.0M | ||
| Q2 24 | $163.9M | $391.0M |
自由现金流率BCCF
| Q1 26 | -8.5% | 83.2% | ||
| Q4 25 | 6.3% | 16.7% | ||
| Q3 25 | 7.8% | 43.2% | ||
| Q2 25 | 18.7% | 16.8% | ||
| Q1 25 | -5.3% | 27.3% | ||
| Q4 24 | 23.9% | 14.6% | ||
| Q3 24 | 2.5% | 57.8% | ||
| Q2 24 | 11.4% | 24.9% |
资本支出强度BCCF
| Q1 26 | 4.2% | 11.2% | ||
| Q4 25 | 3.7% | 12.1% | ||
| Q3 25 | 2.5% | 20.9% | ||
| Q2 25 | 3.1% | 13.0% | ||
| Q1 25 | 3.1% | 7.9% | ||
| Q4 24 | 2.6% | 12.9% | ||
| Q3 24 | 2.8% | 10.1% | ||
| Q2 24 | 3.3% | 5.3% |
现金转化率BCCF
| Q1 26 | — | 0.81× | ||
| Q4 25 | 7.11× | 1.09× | ||
| Q3 25 | — | 2.31× | ||
| Q2 25 | 5.33× | 1.14× | ||
| Q1 25 | -1.36× | 1.67× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | 1.51× | 2.73× | ||
| Q2 24 | 2.11× | 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
BC
暂无分部数据
CF
| EBITDA | $1.0B | 51% |
| Other | $975.0M | 49% |
| Loss on foreign currency transactions | $3.0M | 0% |
