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CF Industries（CF）与都乐（DOLE）财务数据对比。点击上方公司名可切换其他公司
都乐的季度营收约是CF Industries的1.2倍（$2.3B vs $1.9B），CF Industries净利率更高（26.4% vs 0.2%，领先26.2%），CF Industries同比增速更快（22.8% vs 10.5%），CF Industries自由现金流更多（$313.0M vs $66.5M），过去两年CF Industries的营收复合增速更高（12.8% vs 3.2%）
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。
都乐 plc 是一家爱尔兰裔美国农业跨国企业，总部位于爱尔兰都柏林，是全球规模领先的果蔬生产商之一。公司拥有3.85万名全职及季节性员工，在75个国家供应约300种产品，2021年营收达65亿美元。
CF vs DOLE — 直观对比
营收规模更大
DOLE
是对方的1.2倍
$1.9B
营收增速更快
CF
高出12.3%
10.5%
净利率更高
CF
高出26.2%
0.2%
自由现金流更多
CF
多$246.5M
$66.5M
两年增速更快
CF
近两年复合增速
3.2%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.3B |
| 净利润 | $495.0M | $5.1M |
| 毛利率 | 40.9% | 6.8% |
| 营业利润率 | 33.0% | 1.1% |
| 净利率 | 26.4% | 0.2% |
| 营收同比 | 22.8% | 10.5% |
| 净利润同比 | 26.3% | -64.6% |
| 每股收益（稀释后） | $2.56 | $0.05 |
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CFDOLE
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $1.7B | $2.1B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.6B | $2.1B | ||
| Q1 24 | $1.5B | $2.1B |
净利润CFDOLE
| Q4 25 | $495.0M | — | ||
| Q3 25 | $460.0M | $5.1M | ||
| Q2 25 | $492.0M | $10.0M | ||
| Q1 25 | $351.0M | $38.9M | ||
| Q4 24 | $392.0M | — | ||
| Q3 24 | $341.0M | $14.4M | ||
| Q2 24 | $506.0M | $80.1M | ||
| Q1 24 | $238.0M | $70.1M |
毛利率CFDOLE
| Q4 25 | 40.9% | — | ||
| Q3 25 | 38.1% | 6.8% | ||
| Q2 25 | 39.9% | 9.0% | ||
| Q1 25 | 34.4% | 8.7% | ||
| Q4 24 | 34.4% | — | ||
| Q3 24 | 32.4% | 8.0% | ||
| Q2 24 | 43.2% | 9.4% | ||
| Q1 24 | 27.8% | 9.2% |
营业利润率CFDOLE
| Q4 25 | 33.0% | — | ||
| Q3 25 | 35.0% | 1.1% | ||
| Q2 25 | 34.3% | 4.3% | ||
| Q1 25 | 27.4% | 3.2% | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 26.6% | 2.3% | ||
| Q2 24 | 40.6% | 4.0% | ||
| Q1 24 | 20.6% | 5.3% |
净利率CFDOLE
| Q4 25 | 26.4% | — | ||
| Q3 25 | 27.7% | 0.2% | ||
| Q2 25 | 26.0% | 0.4% | ||
| Q1 25 | 21.1% | 1.9% | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 24.9% | 0.7% | ||
| Q2 24 | 32.2% | 3.8% | ||
| Q1 24 | 16.2% | 3.3% |
每股收益（稀释后）CFDOLE
| Q4 25 | $2.56 | — | ||
| Q3 25 | $2.19 | $0.05 | ||
| Q2 25 | $2.37 | $0.10 | ||
| Q1 25 | $1.85 | $0.41 | ||
| Q4 24 | $1.86 | — | ||
| Q3 24 | $1.55 | $0.15 | ||
| Q2 24 | $2.30 | $0.84 | ||
| Q1 24 | $1.03 | $0.74 |
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 | — | $321.0M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $4.8B | $1.4B |
| 总资产 | $14.1B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.66× | — |
8季度趋势，按日历期对齐
现金及短期投资CFDOLE
| Q4 25 | — | — | ||
| Q3 25 | — | $321.0M | ||
| Q2 25 | — | $323.1M | ||
| Q1 25 | — | $261.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $266.4M | ||
| Q2 24 | — | $225.8M | ||
| Q1 24 | — | $245.5M |
总债务CFDOLE
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
股东权益CFDOLE
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.8B | $1.4B | ||
| Q2 25 | $5.0B | $1.4B | ||
| Q1 25 | $4.8B | $1.3B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.2B | $1.4B | ||
| Q2 24 | $5.5B | $1.4B | ||
| Q1 24 | $5.4B | $1.3B |
总资产CFDOLE
| Q4 25 | $14.1B | — | ||
| Q3 25 | $14.2B | $4.5B | ||
| Q2 25 | $13.8B | $4.7B | ||
| Q1 25 | $13.3B | $4.5B | ||
| Q4 24 | $13.5B | — | ||
| Q3 24 | $13.8B | $4.5B | ||
| Q2 24 | $13.8B | $4.4B | ||
| Q1 24 | $13.9B | $4.5B |
负债/权益比CFDOLE
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.62× | — | ||
| 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 | $87.4M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $66.5M |
| 自由现金流率自由现金流/营收 | 16.7% | 2.9% |
| 资本支出强度资本支出/营收 | 12.1% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.09× | 17.12× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $13.7M |
8季度趋势，按日历期对齐
经营现金流CFDOLE
| Q4 25 | $539.0M | — | ||
| Q3 25 | $1.1B | $87.4M | ||
| Q2 25 | $563.0M | $18.3M | ||
| Q1 25 | $586.0M | $-78.8M | ||
| Q4 24 | $420.0M | — | ||
| Q3 24 | $931.0M | $101.0M | ||
| Q2 24 | $475.0M | $40.2M | ||
| Q1 24 | $445.0M | $-35.0M |
自由现金流CFDOLE
| Q4 25 | $313.0M | — | ||
| Q3 25 | $717.0M | $66.5M | ||
| Q2 25 | $318.0M | $-1.0M | ||
| Q1 25 | $454.0M | $-131.6M | ||
| Q4 24 | $223.0M | — | ||
| Q3 24 | $792.0M | $79.9M | ||
| Q2 24 | $391.0M | $22.8M | ||
| Q1 24 | $347.0M | $-53.2M |
自由现金流率CFDOLE
| Q4 25 | 16.7% | — | ||
| Q3 25 | 43.2% | 2.9% | ||
| Q2 25 | 16.8% | -0.0% | ||
| Q1 25 | 27.3% | -6.3% | ||
| Q4 24 | 14.6% | — | ||
| Q3 24 | 57.8% | 3.9% | ||
| Q2 24 | 24.9% | 1.1% | ||
| Q1 24 | 23.6% | -2.5% |
资本支出强度CFDOLE
| Q4 25 | 12.1% | — | ||
| Q3 25 | 20.9% | 0.9% | ||
| Q2 25 | 13.0% | 0.8% | ||
| Q1 25 | 7.9% | 2.5% | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 10.1% | 1.0% | ||
| Q2 24 | 5.3% | 0.8% | ||
| Q1 24 | 6.7% | 0.9% |
现金转化率CFDOLE
| Q4 25 | 1.09× | — | ||
| Q3 25 | 2.31× | 17.12× | ||
| Q2 25 | 1.14× | 1.84× | ||
| Q1 25 | 1.67× | -2.02× | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | 7.01× | ||
| Q2 24 | 0.94× | 0.50× | ||
| Q1 24 | 1.87× | -0.50× |
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% |
DOLE
暂无分部数据
