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CF Industries（CF）与First American Financial Corp（FAF）财务数据对比。点击上方公司名可切换其他公司
First American Financial Corp的季度营收约是CF Industries的1.0倍（$2.0B vs $2.0B），CF Industries净利率更高（31.0% vs 10.3%，领先20.6%），First American Financial Corp同比增速更快（21.6% vs 19.4%），CF Industries自由现金流更多（$1.7B vs $324.5M），过去两年First American Financial Corp的营收复合增速更高（19.9% vs 12.4%）
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。
第一美国金融公司是美国知名金融服务企业，主要面向房地产及抵押贷款行业开展业务，核心服务涵盖产权保险、房产交易与抵押业务相关的交割结算服务，在全球地产金融服务领域具备成熟的服务能力与较高的行业认可度。
CF vs FAF — 直观对比
营收规模更大
FAF
是对方的1.0倍
$2.0B
营收增速更快
FAF
高出2.2%
19.4%
净利率更高
CF
高出20.6%
10.3%
自由现金流更多
CF
多$1.3B
$324.5M
两年增速更快
FAF
近两年复合增速
12.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.0B |
| 净利润 | $615.0M | $211.9M |
| 毛利率 | 37.6% | — |
| 营业利润率 | 43.5% | 14.0% |
| 净利率 | 31.0% | 10.3% |
| 营收同比 | 19.4% | 21.6% |
| 净利润同比 | 97.1% | 192.7% |
| 每股收益（稀释后） | $3.98 | $2.04 |
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CFFAF
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $2.0B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.6B | $1.6B |
净利润CFFAF
| Q1 26 | $615.0M | — | ||
| Q4 25 | $495.0M | $211.9M | ||
| Q3 25 | $460.0M | $189.6M | ||
| Q2 25 | $492.0M | $146.1M | ||
| Q1 25 | $351.0M | $74.2M | ||
| Q4 24 | $392.0M | $72.4M | ||
| Q3 24 | $341.0M | $-104.0M | ||
| Q2 24 | $506.0M | $116.0M |
毛利率CFFAF
| Q1 26 | 37.6% | — | ||
| 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% | — |
营业利润率CFFAF
| Q1 26 | 43.5% | — | ||
| Q4 25 | 33.0% | 14.0% | ||
| Q3 25 | 35.0% | 12.5% | ||
| Q2 25 | 34.3% | 10.6% | ||
| Q1 25 | 27.4% | 6.1% | ||
| Q4 24 | 28.9% | 5.9% | ||
| Q3 24 | 26.6% | -10.3% | ||
| Q2 24 | 40.6% | 9.4% |
净利率CFFAF
| Q1 26 | 31.0% | — | ||
| Q4 25 | 26.4% | 10.3% | ||
| Q3 25 | 27.7% | 9.6% | ||
| Q2 25 | 26.0% | 7.9% | ||
| Q1 25 | 21.1% | 4.7% | ||
| Q4 24 | 25.7% | 4.3% | ||
| Q3 24 | 24.9% | -7.4% | ||
| Q2 24 | 32.2% | 7.2% |
每股收益（稀释后）CFFAF
| Q1 26 | $3.98 | — | ||
| Q4 25 | $2.56 | $2.04 | ||
| Q3 25 | $2.19 | $1.84 | ||
| Q2 25 | $2.37 | $1.41 | ||
| Q1 25 | $1.85 | $0.71 | ||
| Q4 24 | $1.86 | $0.70 | ||
| Q3 24 | $1.55 | $-1.00 | ||
| Q2 24 | $2.30 | $1.11 |
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 | — | $1.4B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $5.3B | $5.5B |
| 总资产 | $14.6B | $16.2B |
| 负债/权益比越低杠杆越低 | 0.60× | — |
8季度趋势，按日历期对齐
现金及短期投资CFFAF
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $2.0B |
总债务CFFAF
| Q1 26 | $3.2B | — | ||
| 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 | — |
股东权益CFFAF
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $5.5B | ||
| Q3 25 | $4.8B | $5.3B | ||
| Q2 25 | $5.0B | $5.1B | ||
| Q1 25 | $4.8B | $5.0B | ||
| Q4 24 | $5.0B | $4.9B | ||
| Q3 24 | $5.2B | $5.1B | ||
| Q2 24 | $5.5B | $4.8B |
总资产CFFAF
| Q1 26 | $14.6B | — | ||
| Q4 25 | $14.1B | $16.2B | ||
| Q3 25 | $14.2B | $17.6B | ||
| Q2 25 | $13.8B | $16.3B | ||
| Q1 25 | $13.3B | $15.5B | ||
| Q4 24 | $13.5B | $14.9B | ||
| Q3 24 | $13.8B | $16.6B | ||
| Q2 24 | $13.8B | $15.2B |
负债/权益比CFFAF
| Q1 26 | 0.60× | — | ||
| 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× | — |
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 | $369.3M |
| 自由现金流经营现金流 - 资本支出 | $1.7B | $324.5M |
| 自由现金流率自由现金流/营收 | 83.2% | 15.8% |
| 资本支出强度资本支出/营收 | 11.2% | 2.2% |
| 现金转化率经营现金流/净利润 | 0.81× | 1.74× |
| 过去12个月自由现金流最近4个季度 | $3.0B | $762.5M |
8季度趋势，按日历期对齐
经营现金流CFFAF
| Q1 26 | $496.0M | — | ||
| Q4 25 | $539.0M | $369.3M | ||
| Q3 25 | $1.1B | $272.5M | ||
| Q2 25 | $563.0M | $361.8M | ||
| Q1 25 | $586.0M | $-52.8M | ||
| Q4 24 | $420.0M | $324.6M | ||
| Q3 24 | $931.0M | $236.9M | ||
| Q2 24 | $475.0M | $266.7M |
自由现金流CFFAF
| Q1 26 | $1.7B | — | ||
| Q4 25 | $313.0M | $324.5M | ||
| Q3 25 | $717.0M | $223.1M | ||
| Q2 25 | $318.0M | $309.4M | ||
| Q1 25 | $454.0M | $-94.5M | ||
| Q4 24 | $223.0M | $266.2M | ||
| Q3 24 | $792.0M | $185.4M | ||
| Q2 24 | $391.0M | $210.0M |
自由现金流率CFFAF
| Q1 26 | 83.2% | — | ||
| Q4 25 | 16.7% | 15.8% | ||
| Q3 25 | 43.2% | 11.3% | ||
| Q2 25 | 16.8% | 16.8% | ||
| Q1 25 | 27.3% | -6.0% | ||
| Q4 24 | 14.6% | 15.8% | ||
| Q3 24 | 57.8% | 13.2% | ||
| Q2 24 | 24.9% | 13.0% |
资本支出强度CFFAF
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.1% | 2.2% | ||
| Q3 25 | 20.9% | 2.5% | ||
| Q2 25 | 13.0% | 2.8% | ||
| Q1 25 | 7.9% | 2.6% | ||
| Q4 24 | 12.9% | 3.5% | ||
| Q3 24 | 10.1% | 3.7% | ||
| Q2 24 | 5.3% | 3.5% |
现金转化率CFFAF
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.09× | 1.74× | ||
| Q3 25 | 2.31× | 1.44× | ||
| Q2 25 | 1.14× | 2.48× | ||
| Q1 25 | 1.67× | -0.71× | ||
| Q4 24 | 1.07× | 4.48× | ||
| Q3 24 | 2.73× | — | ||
| Q2 24 | 0.94× | 2.30× |
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% |
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
