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CF Industries（CF）与柯蒂斯-莱特（CW）财务数据对比。点击上方公司名可切换其他公司
CF Industries的季度营收约是柯蒂斯-莱特的2.2倍（$2.0B vs $914.0M），CF Industries净利率更高（31.0% vs 14.0%，领先16.9%），CF Industries同比增速更快（19.4% vs 13.4%），CF Industries自由现金流更多（$1.7B vs $-17.0M），过去两年CF Industries的营收复合增速更高（12.4% vs 7.9%）
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。
柯蒂斯-莱特公司是总部位于美国北卡罗来纳州戴维森的制造与服务提供商，在美国内外均设有工厂及业务网点。公司1929年由柯蒂斯、莱特及多家供应商合并成立，成立之初即为美国最大航空企业，二战期间为美军生产了超14.2万台航空发动机。
CF vs CW — 直观对比
营收规模更大
CF
是对方的2.2倍
$914.0M
营收增速更快
CF
高出6.0%
13.4%
净利率更高
CF
高出16.9%
14.0%
自由现金流更多
CF
多$1.7B
$-17.0M
两年增速更快
CF
近两年复合增速
7.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $914.0M |
| 净利润 | $615.0M | $128.2M |
| 毛利率 | 37.6% | 36.3% |
| 营业利润率 | 43.5% | 17.5% |
| 净利率 | 31.0% | 14.0% |
| 营收同比 | 19.4% | 13.4% |
| 净利润同比 | 97.1% | 26.5% |
| 每股收益（稀释后） | $3.98 | $3.46 |
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CFCW
| Q1 26 | $2.0B | $914.0M | ||
| Q4 25 | $1.9B | $947.0M | ||
| Q3 25 | $1.7B | $869.2M | ||
| Q2 25 | $1.9B | $876.6M | ||
| Q1 25 | $1.7B | $805.6M | ||
| Q4 24 | $1.5B | $824.3M | ||
| Q3 24 | $1.4B | $798.9M | ||
| Q2 24 | $1.6B | $784.8M |
净利润CFCW
| Q1 26 | $615.0M | $128.2M | ||
| Q4 25 | $495.0M | $137.0M | ||
| Q3 25 | $460.0M | $124.8M | ||
| Q2 25 | $492.0M | $121.1M | ||
| Q1 25 | $351.0M | $101.3M | ||
| Q4 24 | $392.0M | $117.9M | ||
| Q3 24 | $341.0M | $111.2M | ||
| Q2 24 | $506.0M | $99.5M |
毛利率CFCW
| Q1 26 | 37.6% | 36.3% | ||
| Q4 25 | 40.9% | 37.5% | ||
| Q3 25 | 38.1% | 37.7% | ||
| Q2 25 | 39.9% | 37.2% | ||
| Q1 25 | 34.4% | 36.3% | ||
| Q4 24 | 34.4% | 38.5% | ||
| Q3 24 | 32.4% | 37.3% | ||
| Q2 24 | 43.2% | 36.2% |
营业利润率CFCW
| Q1 26 | 43.5% | 17.5% | ||
| Q4 25 | 33.0% | 19.2% | ||
| Q3 25 | 35.0% | 19.1% | ||
| Q2 25 | 34.3% | 17.8% | ||
| Q1 25 | 27.4% | 16.0% | ||
| Q4 24 | 28.9% | 18.8% | ||
| Q3 24 | 26.6% | 18.1% | ||
| Q2 24 | 40.6% | 16.4% |
净利率CFCW
| Q1 26 | 31.0% | 14.0% | ||
| Q4 25 | 26.4% | 14.5% | ||
| Q3 25 | 27.7% | 14.4% | ||
| Q2 25 | 26.0% | 13.8% | ||
| Q1 25 | 21.1% | 12.6% | ||
| Q4 24 | 25.7% | 14.3% | ||
| Q3 24 | 24.9% | 13.9% | ||
| Q2 24 | 32.2% | 12.7% |
每股收益（稀释后）CFCW
| Q1 26 | $3.98 | $3.46 | ||
| Q4 25 | $2.56 | $3.69 | ||
| Q3 25 | $2.19 | $3.31 | ||
| Q2 25 | $2.37 | $3.19 | ||
| Q1 25 | $1.85 | $2.68 | ||
| Q4 24 | $1.86 | $3.09 | ||
| Q3 24 | $1.55 | $2.89 | ||
| Q2 24 | $2.30 | $2.58 |
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 | — | $343.4M |
| 总债务越低越好 | $3.2B | $757.6M |
| 股东权益账面价值 | $5.3B | $2.6B |
| 总资产 | $14.6B | $5.3B |
| 负债/权益比越低杠杆越低 | 0.60× | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资CFCW
| Q1 26 | — | $343.4M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $226.5M | ||
| Q4 24 | — | $385.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务CFCW
| Q1 26 | $3.2B | $757.6M | ||
| Q4 25 | $3.2B | $957.9M | ||
| Q3 25 | $3.0B | $968.6M | ||
| Q2 25 | $3.0B | $958.4M | ||
| Q1 25 | $3.0B | $958.6M | ||
| Q4 24 | $3.0B | $1.0B | ||
| Q3 24 | $3.0B | $1.0B | ||
| Q2 24 | $3.0B | $1.0B |
股东权益CFCW
| Q1 26 | $5.3B | $2.6B | ||
| Q4 25 | $4.8B | $2.5B | ||
| Q3 25 | $4.8B | $2.5B | ||
| Q2 25 | $5.0B | $2.7B | ||
| Q1 25 | $4.8B | $2.6B | ||
| Q4 24 | $5.0B | $2.4B | ||
| Q3 24 | $5.2B | $2.5B | ||
| Q2 24 | $5.5B | $2.5B |
总资产CFCW
| Q1 26 | $14.6B | $5.3B | ||
| Q4 25 | $14.1B | $5.2B | ||
| Q3 25 | $14.2B | $5.1B | ||
| Q2 25 | $13.8B | $5.2B | ||
| Q1 25 | $13.3B | $5.0B | ||
| Q4 24 | $13.5B | $5.0B | ||
| Q3 24 | $13.8B | $4.9B | ||
| Q2 24 | $13.8B | $4.7B |
负债/权益比CFCW
| Q1 26 | 0.60× | 0.29× | ||
| Q4 25 | 0.66× | 0.38× | ||
| Q3 25 | 0.61× | 0.38× | ||
| Q2 25 | 0.60× | 0.35× | ||
| Q1 25 | 0.62× | 0.37× | ||
| Q4 24 | 0.60× | 0.43× | ||
| Q3 24 | 0.57× | 0.42× | ||
| Q2 24 | 0.54× | 0.43× |
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 | $1.7B | $-17.0M |
| 自由现金流率自由现金流/营收 | 83.2% | -1.9% |
| 资本支出强度资本支出/营收 | 11.2% | 1.3% |
| 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 | $3.0B | $591.2M |
8季度趋势，按日历期对齐
经营现金流CFCW
| Q1 26 | $496.0M | — | ||
| Q4 25 | $539.0M | $352.7M | ||
| Q3 25 | $1.1B | $192.8M | ||
| Q2 25 | $563.0M | $136.6M | ||
| Q1 25 | $586.0M | $-38.8M | ||
| Q4 24 | $420.0M | $301.3M | ||
| Q3 24 | $931.0M | $177.3M | ||
| Q2 24 | $475.0M | $111.3M |
自由现金流CFCW
| Q1 26 | $1.7B | $-17.0M | ||
| Q4 25 | $313.0M | $315.1M | ||
| Q3 25 | $717.0M | $175.9M | ||
| Q2 25 | $318.0M | $117.2M | ||
| Q1 25 | $454.0M | $-54.5M | ||
| Q4 24 | $223.0M | $278.0M | ||
| Q3 24 | $792.0M | $162.7M | ||
| Q2 24 | $391.0M | $100.3M |
自由现金流率CFCW
| Q1 26 | 83.2% | -1.9% | ||
| Q4 25 | 16.7% | 33.3% | ||
| Q3 25 | 43.2% | 20.2% | ||
| Q2 25 | 16.8% | 13.4% | ||
| Q1 25 | 27.3% | -6.8% | ||
| Q4 24 | 14.6% | 33.7% | ||
| Q3 24 | 57.8% | 20.4% | ||
| Q2 24 | 24.9% | 12.8% |
资本支出强度CFCW
| Q1 26 | 11.2% | 1.3% | ||
| Q4 25 | 12.1% | 4.0% | ||
| Q3 25 | 20.9% | 1.9% | ||
| Q2 25 | 13.0% | 2.2% | ||
| Q1 25 | 7.9% | 2.0% | ||
| Q4 24 | 12.9% | 2.8% | ||
| Q3 24 | 10.1% | 1.8% | ||
| Q2 24 | 5.3% | 1.4% |
现金转化率CFCW
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.09× | 2.57× | ||
| Q3 25 | 2.31× | 1.54× | ||
| Q2 25 | 1.14× | 1.13× | ||
| Q1 25 | 1.67× | -0.38× | ||
| Q4 24 | 1.07× | 2.56× | ||
| Q3 24 | 2.73× | 1.59× | ||
| Q2 24 | 0.94× | 1.12× |
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
| EBITDA | $1.0B | 51% |
| Other | $975.0M | 49% |
| Loss on foreign currency transactions | $3.0M | 0% |
CW
暂无分部数据
