vs
CF Industries（CF）与CONSTELLIUM SE（CSTM）财务数据对比。点击上方公司名可切换其他公司
CONSTELLIUM SE的季度营收约是CF Industries的1.2倍（$2.2B vs $1.9B）。CF Industries净利率更高（26.4% vs 5.1%，领先21.4%）。CF Industries自由现金流更多（$313.0M vs $109.0M）
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。
康士励（Constellium SE）是一家源自美瑞、总部位于法国的全球铝制品制造商，主营各类先进合金制成的铝轧制产品、挤压材及结构件，旗下C-TEC研发中心在先进铝合金技术研发领域成果斐然，核心服务航空航天、汽车、包装三大领域，客户涵盖梅赛德斯-奔驰、奥迪、宝马、福特、空客、波音等知名企业。
CF vs CSTM — 直观对比
营收规模更大
CSTM
是对方的1.2倍
$1.9B
净利率更高
CF
高出21.4%
5.1%
自由现金流更多
CF
多$204.0M
$109.0M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.2B |
| 净利润 | $495.0M | $112.0M |
| 毛利率 | 40.9% | — |
| 营业利润率 | 33.0% | 7.5% |
| 净利率 | 26.4% | 5.1% |
| 营收同比 | 22.8% | — |
| 净利润同比 | 26.3% | — |
| 每股收益（稀释后） | $2.56 | $0.79 |
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CFCSTM
| Q4 25 | $1.9B | $2.2B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | $1.7B | $2.0B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.6B | $1.9B | ||
| Q1 24 | $1.5B | — |
净利润CFCSTM
| Q4 25 | $495.0M | $112.0M | ||
| Q3 25 | $460.0M | $88.0M | ||
| Q2 25 | $492.0M | $36.0M | ||
| Q1 25 | $351.0M | $37.0M | ||
| Q4 24 | $392.0M | — | ||
| Q3 24 | $341.0M | — | ||
| Q2 24 | $506.0M | $76.0M | ||
| Q1 24 | $238.0M | — |
毛利率CFCSTM
| Q4 25 | 40.9% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 39.9% | — | ||
| Q1 25 | 34.4% | — | ||
| Q4 24 | 34.4% | — | ||
| Q3 24 | 32.4% | — | ||
| Q2 24 | 43.2% | — | ||
| Q1 24 | 27.8% | — |
营业利润率CFCSTM
| Q4 25 | 33.0% | 7.5% | ||
| Q3 25 | 35.0% | 5.8% | ||
| Q2 25 | 34.3% | 2.7% | ||
| Q1 25 | 27.4% | 3.1% | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 26.6% | — | ||
| Q2 24 | 40.6% | 5.4% | ||
| Q1 24 | 20.6% | — |
净利率CFCSTM
| Q4 25 | 26.4% | 5.1% | ||
| Q3 25 | 27.7% | 4.1% | ||
| Q2 25 | 26.0% | 1.7% | ||
| Q1 25 | 21.1% | 1.9% | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 24.9% | — | ||
| Q2 24 | 32.2% | 3.9% | ||
| Q1 24 | 16.2% | — |
每股收益（稀释后）CFCSTM
| Q4 25 | $2.56 | $0.79 | ||
| Q3 25 | $2.19 | $0.62 | ||
| Q2 25 | $2.37 | $0.25 | ||
| Q1 25 | $1.85 | $0.26 | ||
| Q4 24 | $1.86 | — | ||
| Q3 24 | $1.55 | — | ||
| Q2 24 | $2.30 | $0.51 | ||
| Q1 24 | $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 | — | $120.0M |
| 总债务越低越好 | $3.2B | $1.9B |
| 股东权益账面价值 | $4.8B | $952.0M |
| 总资产 | $14.1B | $5.4B |
| 负债/权益比越低杠杆越低 | 0.66× | 2.00× |
8季度趋势，按日历期对齐
现金及短期投资CFCSTM
| Q4 25 | — | $120.0M | ||
| Q3 25 | — | $122.0M | ||
| Q2 25 | — | $133.0M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务CFCSTM
| Q4 25 | $3.2B | $1.9B | ||
| Q3 25 | $3.0B | $2.0B | ||
| Q2 25 | $3.0B | $2.0B | ||
| Q1 25 | $3.0B | $1.9B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
股东权益CFCSTM
| Q4 25 | $4.8B | $952.0M | ||
| Q3 25 | $4.8B | $845.0M | ||
| Q2 25 | $5.0B | $780.0M | ||
| Q1 25 | $4.8B | $745.0M | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $5.5B | $796.0M | ||
| Q1 24 | $5.4B | — |
总资产CFCSTM
| Q4 25 | $14.1B | $5.4B | ||
| Q3 25 | $14.2B | $5.4B | ||
| Q2 25 | $13.8B | $5.4B | ||
| Q1 25 | $13.3B | $5.2B | ||
| Q4 24 | $13.5B | — | ||
| Q3 24 | $13.8B | — | ||
| Q2 24 | $13.8B | — | ||
| Q1 24 | $13.9B | — |
负债/权益比CFCSTM
| Q4 25 | 0.66× | 2.00× | ||
| Q3 25 | 0.61× | 2.34× | ||
| Q2 25 | 0.60× | 2.53× | ||
| Q1 25 | 0.62× | 2.56× | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | 0.54× | — | ||
| Q1 24 | 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 | $539.0M | $218.0M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $109.0M |
| 自由现金流率自由现金流/营收 | 16.7% | 5.0% |
| 资本支出强度资本支出/营收 | 12.1% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.09× | 1.95× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $159.0M |
8季度趋势，按日历期对齐
经营现金流CFCSTM
| Q4 25 | $539.0M | $218.0M | ||
| Q3 25 | $1.1B | $99.0M | ||
| Q2 25 | $563.0M | $114.0M | ||
| Q1 25 | $586.0M | $58.0M | ||
| Q4 24 | $420.0M | — | ||
| Q3 24 | $931.0M | — | ||
| Q2 24 | $475.0M | $138.0M | ||
| Q1 24 | $445.0M | — |
自由现金流CFCSTM
| Q4 25 | $313.0M | $109.0M | ||
| Q3 25 | $717.0M | $24.0M | ||
| Q2 25 | $318.0M | $37.0M | ||
| Q1 25 | $454.0M | $-11.0M | ||
| Q4 24 | $223.0M | — | ||
| Q3 24 | $792.0M | — | ||
| Q2 24 | $391.0M | $54.0M | ||
| Q1 24 | $347.0M | — |
自由现金流率CFCSTM
| Q4 25 | 16.7% | 5.0% | ||
| Q3 25 | 43.2% | 1.1% | ||
| Q2 25 | 16.8% | 1.8% | ||
| Q1 25 | 27.3% | -0.6% | ||
| Q4 24 | 14.6% | — | ||
| Q3 24 | 57.8% | — | ||
| Q2 24 | 24.9% | 2.8% | ||
| Q1 24 | 23.6% | — |
资本支出强度CFCSTM
| Q4 25 | 12.1% | 5.0% | ||
| Q3 25 | 20.9% | 3.5% | ||
| Q2 25 | 13.0% | 3.7% | ||
| Q1 25 | 7.9% | 3.5% | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 5.3% | 4.3% | ||
| Q1 24 | 6.7% | — |
现金转化率CFCSTM
| Q4 25 | 1.09× | 1.95× | ||
| Q3 25 | 2.31× | 1.13× | ||
| Q2 25 | 1.14× | 3.17× | ||
| Q1 25 | 1.67× | 1.57× | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | — | ||
| Q2 24 | 0.94× | 1.82× | ||
| Q1 24 | 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
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% |
CSTM
| Packaging Rolled Products | $1.0B | 46% |
| Automotive Rolled Products | $318.0M | 14% |
| Aerospace Rolled Products | $270.0M | 12% |
| Transportation Industry Defense And Other Rolled Products | $232.0M | 11% |
| Automotive Extruded Products | $220.0M | 10% |
| Other Extruded Products | $132.0M | 6% |
| Specialty And Other Thin Rolled Products | $22.0M | 1% |
