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CF Industries（CF）与Equinix（EQIX）财务数据对比。点击上方公司名可切换其他公司
Equinix的季度营收约是CF Industries的1.3倍（$2.4B vs $1.9B），CF Industries净利率更高（26.4% vs 11.0%，领先15.5%），CF Industries同比增速更快（22.8% vs 8.8%），过去两年CF Industries的营收复合增速更高（12.8% vs 5.9%）
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。
Equinix是总部位于美国加利福尼亚州雷德伍德城的跨国企业，主营互联网连接服务与数据中心托管业务，旗下数据中心此前常被业内称为“运营商酒店”，2015年1月公司正式转型为房地产投资信托基金（REIT）。
CF vs EQIX — 直观对比
营收规模更大
EQIX
是对方的1.3倍
$1.9B
营收增速更快
CF
高出14.1%
8.8%
净利率更高
CF
高出15.5%
11.0%
两年增速更快
CF
近两年复合增速
5.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.4B |
| 净利润 | $495.0M | $265.0M |
| 毛利率 | 40.9% | 50.5% |
| 营业利润率 | 33.0% | 17.4% |
| 净利率 | 26.4% | 11.0% |
| 营收同比 | 22.8% | 8.8% |
| 净利润同比 | 26.3% | -22.7% |
| 每股收益（稀释后） | $2.56 | $2.70 |
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CFEQIX
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.6B | $2.2B |
净利润CFEQIX
| Q1 26 | — | $265.0M | ||
| Q4 25 | $495.0M | $265.0M | ||
| Q3 25 | $460.0M | $374.0M | ||
| Q2 25 | $492.0M | $368.0M | ||
| Q1 25 | $351.0M | $343.0M | ||
| Q4 24 | $392.0M | $-14.0M | ||
| Q3 24 | $341.0M | $297.0M | ||
| Q2 24 | $506.0M | $301.0M |
毛利率CFEQIX
| Q1 26 | — | 50.5% | ||
| Q4 25 | 40.9% | 50.5% | ||
| Q3 25 | 38.1% | 50.7% | ||
| Q2 25 | 39.9% | 52.0% | ||
| Q1 25 | 34.4% | 51.3% | ||
| Q4 24 | 34.4% | 47.1% | ||
| Q3 24 | 32.4% | 50.1% | ||
| Q2 24 | 43.2% | 49.9% |
营业利润率CFEQIX
| Q1 26 | — | 17.4% | ||
| Q4 25 | 33.0% | 17.4% | ||
| Q3 25 | 35.0% | 20.5% | ||
| Q2 25 | 34.3% | 21.9% | ||
| Q1 25 | 27.4% | 20.6% | ||
| Q4 24 | 28.9% | 4.6% | ||
| Q3 24 | 26.6% | 19.3% | ||
| Q2 24 | 40.6% | 20.2% |
净利率CFEQIX
| Q1 26 | — | 11.0% | ||
| Q4 25 | 26.4% | 11.0% | ||
| Q3 25 | 27.7% | 16.1% | ||
| Q2 25 | 26.0% | 16.3% | ||
| Q1 25 | 21.1% | 15.4% | ||
| Q4 24 | 25.7% | -0.6% | ||
| Q3 24 | 24.9% | 13.5% | ||
| Q2 24 | 32.2% | 13.9% |
每股收益（稀释后）CFEQIX
| Q1 26 | — | $2.70 | ||
| Q4 25 | $2.56 | $2.70 | ||
| Q3 25 | $2.19 | $3.81 | ||
| Q2 25 | $2.37 | $3.75 | ||
| Q1 25 | $1.85 | $3.50 | ||
| Q4 24 | $1.86 | $-0.19 | ||
| Q3 24 | $1.55 | $3.10 | ||
| Q2 24 | $2.30 | $3.16 |
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 | — | $3.2B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $4.8B | $14.2B |
| 总资产 | $14.1B | $40.1B |
| 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CFEQIX
| Q1 26 | — | $3.2B | ||
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $2.0B |
总债务CFEQIX
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | $17.3B | ||
| Q2 25 | $3.0B | $18.1B | ||
| Q1 25 | $3.0B | $15.9B | ||
| Q4 24 | $3.0B | $15.3B | ||
| Q3 24 | $3.0B | $15.4B | ||
| Q2 24 | $3.0B | $14.5B |
股东权益CFEQIX
| Q1 26 | — | $14.2B | ||
| Q4 25 | $4.8B | $14.2B | ||
| Q3 25 | $4.8B | $14.2B | ||
| Q2 25 | $5.0B | $14.1B | ||
| Q1 25 | $4.8B | $13.9B | ||
| Q4 24 | $5.0B | $13.5B | ||
| Q3 24 | $5.2B | $13.6B | ||
| Q2 24 | $5.5B | $12.3B |
总资产CFEQIX
| Q1 26 | — | $40.1B | ||
| Q4 25 | $14.1B | $40.1B | ||
| Q3 25 | $14.2B | $38.1B | ||
| Q2 25 | $13.8B | $38.8B | ||
| Q1 25 | $13.3B | $36.1B | ||
| Q4 24 | $13.5B | $35.1B | ||
| Q3 24 | $13.8B | $35.4B | ||
| Q2 24 | $13.8B | $32.9B |
负债/权益比CFEQIX
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.61× | 1.22× | ||
| Q2 25 | 0.60× | 1.28× | ||
| Q1 25 | 0.62× | 1.14× | ||
| Q4 24 | 0.60× | 1.13× | ||
| Q3 24 | 0.57× | 1.13× | ||
| Q2 24 | 0.54× | 1.18× |
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 | — |
| 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% | — |
| 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CFEQIX
| Q1 26 | — | — | ||
| Q4 25 | $539.0M | $1.1B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $563.0M | $944.0M | ||
| Q1 25 | $586.0M | $809.0M | ||
| Q4 24 | $420.0M | $981.0M | ||
| Q3 24 | $931.0M | $758.0M | ||
| Q2 24 | $475.0M | $912.0M |
自由现金流CFEQIX
| Q1 26 | — | — | ||
| Q4 25 | $313.0M | $-292.0M | ||
| Q3 25 | $717.0M | $-122.0M | ||
| Q2 25 | $318.0M | $-45.0M | ||
| Q1 25 | $454.0M | $59.0M | ||
| Q4 24 | $223.0M | $-6.0M | ||
| Q3 24 | $792.0M | $34.0M | ||
| Q2 24 | $391.0M | $264.0M |
自由现金流率CFEQIX
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | -12.1% | ||
| Q3 25 | 43.2% | -5.3% | ||
| Q2 25 | 16.8% | -2.0% | ||
| Q1 25 | 27.3% | 2.7% | ||
| Q4 24 | 14.6% | -0.3% | ||
| Q3 24 | 57.8% | 1.5% | ||
| Q2 24 | 24.9% | 12.2% |
资本支出强度CFEQIX
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 59.3% | ||
| Q3 25 | 20.9% | 49.1% | ||
| Q2 25 | 13.0% | 43.8% | ||
| Q1 25 | 7.9% | 33.7% | ||
| Q4 24 | 12.9% | 43.7% | ||
| Q3 24 | 10.1% | 32.9% | ||
| Q2 24 | 5.3% | 30.0% |
现金转化率CFEQIX
| Q1 26 | — | — | ||
| Q4 25 | 1.09× | 4.32× | ||
| Q3 25 | 2.31× | 2.71× | ||
| Q2 25 | 1.14× | 2.57× | ||
| Q1 25 | 1.67× | 2.36× | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | 2.55× | ||
| Q2 24 | 0.94× | 3.03× |
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% |
EQIX
暂无分部数据
