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CF Industries（CF）与DXC Technology Co（DXC）财务数据对比。点击上方公司名可切换其他公司
DXC Technology Co的季度营收约是CF Industries的1.7倍（$3.2B vs $1.9B），CF Industries净利率更高（26.4% vs 3.4%，领先23.1%），CF Industries同比增速更快（22.8% vs -1.0%），DXC Technology Co自由现金流更多（$359.0M vs $313.0M），过去两年CF Industries的营收复合增速更高（12.8% vs -2.9%）
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。
DXC Technology是总部位于美国弗吉尼亚州阿什本的跨国信息技术服务与咨询企业，为全球客户提供专业的IT解决方案及相关咨询服务，助力企业实现数字化转型、提升运营效率。
CF vs DXC — 直观对比
营收规模更大
DXC
是对方的1.7倍
$1.9B
营收增速更快
CF
高出23.8%
-1.0%
净利率更高
CF
高出23.1%
3.4%
自由现金流更多
DXC
多$46.0M
$313.0M
两年增速更快
CF
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.2B |
| 净利润 | $495.0M | $107.0M |
| 毛利率 | 40.9% | — |
| 营业利润率 | 33.0% | 8.2% |
| 净利率 | 26.4% | 3.4% |
| 营收同比 | 22.8% | -1.0% |
| 净利润同比 | 26.3% | 87.7% |
| 每股收益（稀释后） | $2.56 | $0.61 |
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CFDXC
| Q4 25 | $1.9B | $3.2B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | $1.7B | $3.2B | ||
| Q4 24 | $1.5B | $3.2B | ||
| Q3 24 | $1.4B | $3.2B | ||
| Q2 24 | $1.6B | $3.2B | ||
| Q1 24 | $1.5B | $3.4B |
净利润CFDXC
| Q4 25 | $495.0M | $107.0M | ||
| Q3 25 | $460.0M | $36.0M | ||
| Q2 25 | $492.0M | $16.0M | ||
| Q1 25 | $351.0M | $264.0M | ||
| Q4 24 | $392.0M | $57.0M | ||
| Q3 24 | $341.0M | $42.0M | ||
| Q2 24 | $506.0M | $26.0M | ||
| Q1 24 | $238.0M | $-200.0M |
毛利率CFDXC
| 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CFDXC
| Q4 25 | 33.0% | 8.2% | ||
| Q3 25 | 35.0% | 8.0% | ||
| Q2 25 | 34.3% | 6.8% | ||
| Q1 25 | 27.4% | 7.3% | ||
| Q4 24 | 28.9% | 8.9% | ||
| Q3 24 | 26.6% | 8.6% | ||
| Q2 24 | 40.6% | 6.9% | ||
| Q1 24 | 20.6% | 8.2% |
净利率CFDXC
| Q4 25 | 26.4% | 3.4% | ||
| Q3 25 | 27.7% | 1.1% | ||
| Q2 25 | 26.0% | 0.5% | ||
| Q1 25 | 21.1% | 8.3% | ||
| Q4 24 | 25.7% | 1.8% | ||
| Q3 24 | 24.9% | 1.3% | ||
| Q2 24 | 32.2% | 0.8% | ||
| Q1 24 | 16.2% | -5.9% |
每股收益（稀释后）CFDXC
| Q4 25 | $2.56 | $0.61 | ||
| Q3 25 | $2.19 | $0.20 | ||
| Q2 25 | $2.37 | $0.09 | ||
| Q1 25 | $1.85 | $1.42 | ||
| Q4 24 | $1.86 | $0.31 | ||
| Q3 24 | $1.55 | $0.23 | ||
| Q2 24 | $2.30 | $0.14 | ||
| Q1 24 | $1.03 | $-1.01 |
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 | — | $1.7B |
| 总债务越低越好 | $3.2B | $3.1B |
| 股东权益账面价值 | $4.8B | $3.1B |
| 总资产 | $14.1B | $13.2B |
| 负债/权益比越低杠杆越低 | 0.66× | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资CFDXC
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.2B |
总债务CFDXC
| Q4 25 | $3.2B | $3.1B | ||
| Q3 25 | $3.0B | $2.4B | ||
| Q2 25 | $3.0B | $3.1B | ||
| Q1 25 | $3.0B | $3.0B | ||
| Q4 24 | $3.0B | $3.6B | ||
| Q3 24 | $3.0B | $3.8B | ||
| Q2 24 | $3.0B | $3.8B | ||
| Q1 24 | $3.0B | $3.8B |
股东权益CFDXC
| Q4 25 | $4.8B | $3.1B | ||
| Q3 25 | $4.8B | $3.1B | ||
| Q2 25 | $5.0B | $3.2B | ||
| Q1 25 | $4.8B | $3.2B | ||
| Q4 24 | $5.0B | $3.0B | ||
| Q3 24 | $5.2B | $3.0B | ||
| Q2 24 | $5.5B | $2.9B | ||
| Q1 24 | $5.4B | $2.8B |
总资产CFDXC
| Q4 25 | $14.1B | $13.2B | ||
| Q3 25 | $14.2B | $13.6B | ||
| Q2 25 | $13.8B | $13.4B | ||
| Q1 25 | $13.3B | $13.2B | ||
| Q4 24 | $13.5B | $13.0B | ||
| Q3 24 | $13.8B | $13.5B | ||
| Q2 24 | $13.8B | $13.4B | ||
| Q1 24 | $13.9B | $13.9B |
负债/权益比CFDXC
| Q4 25 | 0.66× | 0.98× | ||
| Q3 25 | 0.61× | 0.77× | ||
| Q2 25 | 0.60× | 0.98× | ||
| Q1 25 | 0.62× | 0.93× | ||
| Q4 24 | 0.60× | 1.22× | ||
| Q3 24 | 0.57× | 1.28× | ||
| Q2 24 | 0.54× | 1.32× | ||
| Q1 24 | 0.55× | 1.36× |
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 | $414.0M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $359.0M |
| 自由现金流率自由现金流/营收 | 16.7% | 11.2% |
| 资本支出强度资本支出/营收 | 12.1% | 1.7% |
| 现金转化率经营现金流/净利润 | 1.09× | 3.87× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $1.1B |
8季度趋势，按日历期对齐
经营现金流CFDXC
| Q4 25 | $539.0M | $414.0M | ||
| Q3 25 | $1.1B | $409.0M | ||
| Q2 25 | $563.0M | $186.0M | ||
| Q1 25 | $586.0M | $315.0M | ||
| Q4 24 | $420.0M | $650.0M | ||
| Q3 24 | $931.0M | $195.0M | ||
| Q2 24 | $475.0M | $238.0M | ||
| Q1 24 | $445.0M | $280.0M |
自由现金流CFDXC
| Q4 25 | $313.0M | $359.0M | ||
| Q3 25 | $717.0M | $365.0M | ||
| Q2 25 | $318.0M | $143.0M | ||
| Q1 25 | $454.0M | $238.0M | ||
| Q4 24 | $223.0M | $568.0M | ||
| Q3 24 | $792.0M | $154.0M | ||
| Q2 24 | $391.0M | $190.0M | ||
| Q1 24 | $347.0M | $242.0M |
自由现金流率CFDXC
| Q4 25 | 16.7% | 11.2% | ||
| Q3 25 | 43.2% | 11.5% | ||
| Q2 25 | 16.8% | 4.5% | ||
| Q1 25 | 27.3% | 7.5% | ||
| Q4 24 | 14.6% | 17.6% | ||
| Q3 24 | 57.8% | 4.8% | ||
| Q2 24 | 24.9% | 5.9% | ||
| Q1 24 | 23.6% | 7.1% |
资本支出强度CFDXC
| Q4 25 | 12.1% | 1.7% | ||
| Q3 25 | 20.9% | 1.4% | ||
| Q2 25 | 13.0% | 1.4% | ||
| Q1 25 | 7.9% | 2.4% | ||
| Q4 24 | 12.9% | 2.5% | ||
| Q3 24 | 10.1% | 1.3% | ||
| Q2 24 | 5.3% | 1.5% | ||
| Q1 24 | 6.7% | 1.1% |
现金转化率CFDXC
| Q4 25 | 1.09× | 3.87× | ||
| Q3 25 | 2.31× | 11.36× | ||
| Q2 25 | 1.14× | 11.63× | ||
| Q1 25 | 1.67× | 1.19× | ||
| Q4 24 | 1.07× | 11.40× | ||
| Q3 24 | 2.73× | 4.64× | ||
| Q2 24 | 0.94× | 9.15× | ||
| 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% |
DXC
| GIS Segment | $1.6B | 50% |
| CES Segment | $1.3B | 40% |
| Insurance Segment | $321.0M | 10% |
