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CF Industries（CF）与CVR ENERGY INC（CVI）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CVR ENERGY INC的1.0倍（$1.9B vs $1.8B），CF Industries净利率更高（26.4% vs -6.1%，领先32.5%），CF Industries同比增速更快（22.8% vs -7.0%），过去两年CF Industries的营收复合增速更高（12.8% vs -1.4%）
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。
CVR能源是总部位于美国的能源控股企业，主营石油炼制与氮肥制造两大核心业务，生产汽油、柴油、航空燃油及农用化肥等产品，主要面向北美地区的商业、工业及农业客户供货。
CF vs CVI — 直观对比
营收规模更大
CF
是对方的1.0倍
$1.8B
营收增速更快
CF
高出29.8%
-7.0%
净利率更高
CF
高出32.5%
-6.1%
两年增速更快
CF
近两年复合增速
-1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.8B |
| 净利润 | $495.0M | $-110.0M |
| 毛利率 | 40.9% | -3.1% |
| 营业利润率 | 33.0% | -5.3% |
| 净利率 | 26.4% | -6.1% |
| 营收同比 | 22.8% | -7.0% |
| 净利润同比 | 26.3% | -492.9% |
| 每股收益（稀释后） | $2.56 | $-1.09 |
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CFCVI
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.7B | $1.9B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.5B | $1.9B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.6B | $2.0B | ||
| Q1 24 | $1.5B | $1.9B |
净利润CFCVI
| Q4 25 | $495.0M | $-110.0M | ||
| Q3 25 | $460.0M | $374.0M | ||
| Q2 25 | $492.0M | $-114.0M | ||
| Q1 25 | $351.0M | $-123.0M | ||
| Q4 24 | $392.0M | $28.0M | ||
| Q3 24 | $341.0M | $-124.0M | ||
| Q2 24 | $506.0M | $21.0M | ||
| Q1 24 | $238.0M | $82.0M |
毛利率CFCVI
| Q4 25 | 40.9% | -3.1% | ||
| Q3 25 | 38.1% | 28.8% | ||
| Q2 25 | 39.9% | -3.7% | ||
| Q1 25 | 34.4% | -5.5% | ||
| Q4 24 | 34.4% | 3.0% | ||
| Q3 24 | 32.4% | -3.9% | ||
| Q2 24 | 43.2% | 2.9% | ||
| Q1 24 | 27.8% | 8.6% |
营业利润率CFCVI
| Q4 25 | 33.0% | -5.3% | ||
| Q3 25 | 35.0% | 26.3% | ||
| Q2 25 | 34.3% | -5.8% | ||
| Q1 25 | 27.4% | -8.0% | ||
| Q4 24 | 28.9% | 1.1% | ||
| Q3 24 | 26.6% | -6.2% | ||
| Q2 24 | 40.6% | 1.4% | ||
| Q1 24 | 20.6% | 6.6% |
净利率CFCVI
| Q4 25 | 26.4% | -6.1% | ||
| Q3 25 | 27.7% | 19.2% | ||
| Q2 25 | 26.0% | -6.5% | ||
| Q1 25 | 21.1% | -7.5% | ||
| Q4 24 | 25.7% | 1.4% | ||
| Q3 24 | 24.9% | -6.8% | ||
| Q2 24 | 32.2% | 1.1% | ||
| Q1 24 | 16.2% | 4.4% |
每股收益（稀释后）CFCVI
| Q4 25 | $2.56 | $-1.09 | ||
| Q3 25 | $2.19 | $3.72 | ||
| Q2 25 | $2.37 | $-1.14 | ||
| Q1 25 | $1.85 | $-1.22 | ||
| Q4 24 | $1.86 | $0.28 | ||
| Q3 24 | $1.55 | $-1.24 | ||
| Q2 24 | $2.30 | $0.21 | ||
| Q1 24 | $1.03 | $0.81 |
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 | — | $511.0M |
| 总债务越低越好 | $3.2B | $1.8B |
| 股东权益账面价值 | $4.8B | $730.0M |
| 总资产 | $14.1B | $3.7B |
| 负债/权益比越低杠杆越低 | 0.66× | 2.40× |
8季度趋势，按日历期对齐
现金及短期投资CFCVI
| Q4 25 | — | $511.0M | ||
| Q3 25 | — | $670.0M | ||
| Q2 25 | — | $596.0M | ||
| Q1 25 | — | $695.0M | ||
| Q4 24 | — | $987.0M | ||
| Q3 24 | — | $534.0M | ||
| Q2 24 | — | $586.0M | ||
| Q1 24 | — | $644.0M |
总债务CFCVI
| Q4 25 | $3.2B | $1.8B | ||
| Q3 25 | $3.0B | $1.8B | ||
| Q2 25 | $3.0B | $1.8B | ||
| Q1 25 | $3.0B | $1.9B | ||
| Q4 24 | $3.0B | $1.9B | ||
| Q3 24 | $3.0B | $1.6B | ||
| Q2 24 | $3.0B | $1.6B | ||
| Q1 24 | $3.0B | $1.6B |
股东权益CFCVI
| Q4 25 | $4.8B | $730.0M | ||
| Q3 25 | $4.8B | $840.0M | ||
| Q2 25 | $5.0B | $466.0M | ||
| Q1 25 | $4.8B | $580.0M | ||
| Q4 24 | $5.0B | $703.0M | ||
| Q3 24 | $5.2B | $675.0M | ||
| Q2 24 | $5.5B | $849.0M | ||
| Q1 24 | $5.4B | $879.0M |
总资产CFCVI
| Q4 25 | $14.1B | $3.7B | ||
| Q3 25 | $14.2B | $4.0B | ||
| Q2 25 | $13.8B | $4.0B | ||
| Q1 25 | $13.3B | $4.3B | ||
| Q4 24 | $13.5B | $4.3B | ||
| Q3 24 | $13.8B | $3.9B | ||
| Q2 24 | $13.8B | $4.0B | ||
| Q1 24 | $13.9B | $4.1B |
负债/权益比CFCVI
| Q4 25 | 0.66× | 2.40× | ||
| Q3 25 | 0.61× | 2.17× | ||
| Q2 25 | 0.60× | 3.97× | ||
| Q1 25 | 0.62× | 3.29× | ||
| Q4 24 | 0.60× | 2.71× | ||
| Q3 24 | 0.57× | 2.33× | ||
| Q2 24 | 0.54× | 1.86× | ||
| Q1 24 | 0.55× | 1.79× |
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 | $0 |
| 自由现金流经营现金流 - 资本支出 | $313.0M | — |
| 自由现金流率自由现金流/营收 | 16.7% | — |
| 资本支出强度资本支出/营收 | 12.1% | 3.0% |
| 现金转化率经营现金流/净利润 | 1.09× | — |
| 过去12个月自由现金流最近4个季度 | $1.8B | — |
8季度趋势，按日历期对齐
经营现金流CFCVI
| Q4 25 | $539.0M | $0 | ||
| Q3 25 | $1.1B | $163.0M | ||
| Q2 25 | $563.0M | $176.0M | ||
| Q1 25 | $586.0M | $-195.0M | ||
| Q4 24 | $420.0M | $98.0M | ||
| Q3 24 | $931.0M | $48.0M | ||
| Q2 24 | $475.0M | $81.0M | ||
| Q1 24 | $445.0M | $177.0M |
自由现金流CFCVI
| Q4 25 | $313.0M | — | ||
| Q3 25 | $717.0M | $125.0M | ||
| Q2 25 | $318.0M | $135.0M | ||
| Q1 25 | $454.0M | $-246.0M | ||
| Q4 24 | $223.0M | $43.0M | ||
| Q3 24 | $792.0M | $14.0M | ||
| Q2 24 | $391.0M | $38.0M | ||
| Q1 24 | $347.0M | $130.0M |
自由现金流率CFCVI
| Q4 25 | 16.7% | — | ||
| Q3 25 | 43.2% | 6.4% | ||
| Q2 25 | 16.8% | 7.7% | ||
| Q1 25 | 27.3% | -14.9% | ||
| Q4 24 | 14.6% | 2.2% | ||
| Q3 24 | 57.8% | 0.8% | ||
| Q2 24 | 24.9% | 1.9% | ||
| Q1 24 | 23.6% | 7.0% |
资本支出强度CFCVI
| Q4 25 | 12.1% | 3.0% | ||
| Q3 25 | 20.9% | 2.0% | ||
| Q2 25 | 13.0% | 2.3% | ||
| Q1 25 | 7.9% | 3.1% | ||
| Q4 24 | 12.9% | 2.8% | ||
| Q3 24 | 10.1% | 1.9% | ||
| Q2 24 | 5.3% | 2.2% | ||
| Q1 24 | 6.7% | 2.5% |
现金转化率CFCVI
| Q4 25 | 1.09× | — | ||
| Q3 25 | 2.31× | 0.44× | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | 3.50× | ||
| Q3 24 | 2.73× | — | ||
| Q2 24 | 0.94× | 3.86× | ||
| Q1 24 | 1.87× | 2.16× |
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% |
CVI
| Petroleum Segment | $1.6B | 91% |
| Product UAN | $64.0M | 4% |
| Product Ammonia | $51.0M | 3% |
| Renewables Diesel | $27.0M | 1% |
| Product Urea Products | $8.0M | 0% |
| Renewable Fuel Credits | $7.0M | 0% |
