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CF Industries（CF）与CSX Corporation（CSX）财务数据对比。点击上方公司名可切换其他公司
CSX Corporation的季度营收约是CF Industries的1.9倍（$3.5B vs $1.9B），CF Industries净利率更高（26.4% vs 23.2%，领先3.3%），CF Industries同比增速更快（22.8% vs 1.7%），CSX Corporation自由现金流更多（$793.0M vs $313.0M），过去两年CF Industries的营收复合增速更高（12.8% vs -3.0%）
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。
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
CF vs CSX — 直观对比
营收规模更大
CSX
是对方的1.9倍
$1.9B
营收增速更快
CF
高出21.1%
1.7%
净利率更高
CF
高出3.3%
23.2%
自由现金流更多
CSX
多$480.0M
$313.0M
两年增速更快
CF
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.5B |
| 净利润 | $495.0M | $807.0M |
| 毛利率 | 40.9% | — |
| 营业利润率 | 33.0% | 29.9% |
| 净利率 | 26.4% | 23.2% |
| 营收同比 | 22.8% | 1.7% |
| 净利润同比 | 26.3% | 401.2% |
| 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CFCSX
| Q1 26 | — | $3.5B | ||
| Q4 25 | $1.9B | $3.5B | ||
| Q3 25 | $1.7B | $3.6B | ||
| Q2 25 | $1.9B | $3.6B | ||
| Q1 25 | $1.7B | $3.4B | ||
| Q4 24 | $1.5B | $3.5B | ||
| Q3 24 | $1.4B | $3.6B | ||
| Q2 24 | $1.6B | $3.7B |
净利润CFCSX
| Q1 26 | — | $807.0M | ||
| Q4 25 | $495.0M | $720.0M | ||
| Q3 25 | $460.0M | $694.0M | ||
| Q2 25 | $492.0M | $829.0M | ||
| Q1 25 | $351.0M | $646.0M | ||
| Q4 24 | $392.0M | $720.0M | ||
| Q3 24 | $341.0M | $894.0M | ||
| Q2 24 | $506.0M | $963.0M |
毛利率CFCSX
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CFCSX
| Q1 26 | — | 29.9% | ||
| Q4 25 | 33.0% | 31.6% | ||
| Q3 25 | 35.0% | 30.3% | ||
| Q2 25 | 34.3% | 35.9% | ||
| Q1 25 | 27.4% | 30.4% | ||
| Q4 24 | 28.9% | 30.8% | ||
| Q3 24 | 26.6% | 37.4% | ||
| Q2 24 | 40.6% | 39.1% |
净利率CFCSX
| Q1 26 | — | 23.2% | ||
| Q4 25 | 26.4% | 20.5% | ||
| Q3 25 | 27.7% | 19.3% | ||
| Q2 25 | 26.0% | 23.2% | ||
| Q1 25 | 21.1% | 18.9% | ||
| Q4 24 | 25.7% | 20.3% | ||
| Q3 24 | 24.9% | 24.7% | ||
| Q2 24 | 32.2% | 26.0% |
每股收益（稀释后）CFCSX
| Q1 26 | — | — | ||
| Q4 25 | $2.56 | $0.39 | ||
| Q3 25 | $2.19 | $0.37 | ||
| Q2 25 | $2.37 | $0.44 | ||
| Q1 25 | $1.85 | $0.34 | ||
| Q4 24 | $1.86 | $0.38 | ||
| Q3 24 | $1.55 | $0.46 | ||
| Q2 24 | $2.30 | $0.49 |
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 | — | $1.1B |
| 总债务越低越好 | $3.2B | $18.9B |
| 股东权益账面价值 | $4.8B | $13.6B |
| 总资产 | $14.1B | $44.2B |
| 负债/权益比越低杠杆越低 | 0.66× | 1.39× |
8季度趋势，按日历期对齐
现金及短期投资CFCSX
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | $5.0M | ||
| Q3 25 | — | $6.0M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $8.0M | ||
| Q4 24 | — | $72.0M | ||
| Q3 24 | — | $12.0M | ||
| Q2 24 | — | $4.0M |
总债务CFCSX
| Q1 26 | — | $18.9B | ||
| Q4 25 | $3.2B | $18.2B | ||
| Q3 25 | $3.0B | $18.6B | ||
| Q2 25 | $3.0B | $18.6B | ||
| Q1 25 | $3.0B | $18.5B | ||
| Q4 24 | $3.0B | $17.9B | ||
| Q3 24 | $3.0B | $18.5B | ||
| Q2 24 | $3.0B | $18.0B |
股东权益CFCSX
| Q1 26 | — | $13.6B | ||
| Q4 25 | $4.8B | $13.2B | ||
| Q3 25 | $4.8B | $12.8B | ||
| Q2 25 | $5.0B | $12.4B | ||
| Q1 25 | $4.8B | $12.2B | ||
| Q4 24 | $5.0B | $12.5B | ||
| Q3 24 | $5.2B | $12.9B | ||
| Q2 24 | $5.5B | $12.6B |
总资产CFCSX
| Q1 26 | — | $44.2B | ||
| Q4 25 | $14.1B | $43.7B | ||
| Q3 25 | $14.2B | $43.3B | ||
| Q2 25 | $13.8B | $42.9B | ||
| Q1 25 | $13.3B | $43.2B | ||
| Q4 24 | $13.5B | $42.8B | ||
| Q3 24 | $13.8B | $43.1B | ||
| Q2 24 | $13.8B | $42.4B |
负债/权益比CFCSX
| Q1 26 | — | 1.39× | ||
| Q4 25 | 0.66× | 1.38× | ||
| Q3 25 | 0.61× | 1.45× | ||
| Q2 25 | 0.60× | 1.50× | ||
| Q1 25 | 0.62× | 1.52× | ||
| Q4 24 | 0.60× | 1.43× | ||
| Q3 24 | 0.57× | 1.43× | ||
| Q2 24 | 0.54× | 1.42× |
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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $793.0M |
| 自由现金流率自由现金流/营收 | 16.7% | 22.8% |
| 资本支出强度资本支出/营收 | 12.1% | — |
| 现金转化率经营现金流/净利润 | 1.09× | 1.58× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $2.0B |
8季度趋势，按日历期对齐
经营现金流CFCSX
| Q1 26 | — | $1.3B | ||
| Q4 25 | $539.0M | $1.4B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $563.0M | $635.0M | ||
| Q1 25 | $586.0M | $1.3B | ||
| Q4 24 | $420.0M | $1.4B | ||
| Q3 24 | $931.0M | $1.7B | ||
| Q2 24 | $475.0M | $1.1B |
自由现金流CFCSX
| Q1 26 | — | $793.0M | ||
| Q4 25 | $313.0M | $709.0M | ||
| Q3 25 | $717.0M | $607.0M | ||
| Q2 25 | $318.0M | $-141.0M | ||
| Q1 25 | $454.0M | $536.0M | ||
| Q4 24 | $223.0M | $550.0M | ||
| Q3 24 | $792.0M | $1.1B | ||
| Q2 24 | $391.0M | $547.0M |
自由现金流率CFCSX
| Q1 26 | — | 22.8% | ||
| Q4 25 | 16.7% | 20.2% | ||
| Q3 25 | 43.2% | 16.9% | ||
| Q2 25 | 16.8% | -3.9% | ||
| Q1 25 | 27.3% | 15.7% | ||
| Q4 24 | 14.6% | 15.5% | ||
| Q3 24 | 57.8% | 29.3% | ||
| Q2 24 | 24.9% | 14.8% |
资本支出强度CFCSX
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 19.3% | ||
| Q3 25 | 20.9% | 20.4% | ||
| Q2 25 | 13.0% | 21.7% | ||
| Q1 25 | 7.9% | 21.0% | ||
| Q4 24 | 12.9% | 23.7% | ||
| Q3 24 | 10.1% | 17.3% | ||
| Q2 24 | 5.3% | 14.6% |
现金转化率CFCSX
| Q1 26 | — | 1.58× | ||
| Q4 25 | 1.09× | 1.93× | ||
| Q3 25 | 2.31× | 1.93× | ||
| Q2 25 | 1.14× | 0.77× | ||
| Q1 25 | 1.67× | 1.94× | ||
| Q4 24 | 1.07× | 1.93× | ||
| Q3 24 | 2.73× | 1.89× | ||
| Q2 24 | 0.94× | 1.13× |
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% |
CSX
暂无分部数据
