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CF Industries（CF）与Fortune Brands Innovations, Inc.（FBIN）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Fortune Brands Innovations, Inc.的1.7倍（$1.9B vs $1.1B）。CF Industries净利率更高（26.4% vs 7.1%，领先19.4%）。CF Industries同比增速更快（22.8% vs -2.4%）。CF Industries自由现金流更多（$313.0M vs $183.7M）。过去两年CF Industries的营收复合增速更高（12.8% vs -1.5%）
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。
Fortune Brands Innovations是美国家居及安防产品生产商，总部位于伊利诺伊州迪尔菲尔德，位列财富500强及标普400指数。旗下拥有摩恩、House of Rohl、玛斯特锁等知名品牌，业务覆盖厨卫、户外用品、安防、橱柜制造等领域，2021年底全球员工约2.8万人。
CF vs FBIN — 直观对比
营收规模更大
CF
是对方的1.7倍
$1.1B
营收增速更快
CF
高出25.2%
-2.4%
净利率更高
CF
高出19.4%
7.1%
自由现金流更多
CF
多$129.3M
$183.7M
两年增速更快
CF
近两年复合增速
-1.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.1B |
| 净利润 | $495.0M | $76.3M |
| 毛利率 | 40.9% | 43.8% |
| 营业利润率 | 33.0% | 11.3% |
| 净利率 | 26.4% | 7.1% |
| 营收同比 | 22.8% | -2.4% |
| 净利润同比 | 26.3% | -27.3% |
| 每股收益（稀释后） | $2.56 | $0.63 |
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CFFBIN
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.5B | $1.1B |
净利润CFFBIN
| Q4 25 | $495.0M | $76.3M | ||
| Q3 25 | $460.0M | $70.8M | ||
| Q2 25 | $492.0M | $100.3M | ||
| Q1 25 | $351.0M | $51.4M | ||
| Q4 24 | $392.0M | $105.0M | ||
| Q3 24 | $341.0M | $136.6M | ||
| Q2 24 | $506.0M | $133.9M | ||
| Q1 24 | $238.0M | $96.4M |
毛利率CFFBIN
| Q4 25 | 40.9% | 43.8% | ||
| Q3 25 | 38.1% | 45.2% | ||
| Q2 25 | 39.9% | 45.1% | ||
| Q1 25 | 34.4% | 44.0% | ||
| Q4 24 | 34.4% | 46.0% | ||
| Q3 24 | 32.4% | 45.9% | ||
| Q2 24 | 43.2% | 43.6% | ||
| Q1 24 | 27.8% | 43.9% |
营业利润率CFFBIN
| Q4 25 | 33.0% | 11.3% | ||
| Q3 25 | 35.0% | 11.0% | ||
| Q2 25 | 34.3% | 14.3% | ||
| Q1 25 | 27.4% | 9.4% | ||
| Q4 24 | 28.9% | 16.1% | ||
| Q3 24 | 26.6% | 17.8% | ||
| Q2 24 | 40.6% | 16.1% | ||
| Q1 24 | 20.6% | 14.0% |
净利率CFFBIN
| Q4 25 | 26.4% | 7.1% | ||
| Q3 25 | 27.7% | 6.2% | ||
| Q2 25 | 26.0% | 8.3% | ||
| Q1 25 | 21.1% | 5.0% | ||
| Q4 24 | 25.7% | 9.5% | ||
| Q3 24 | 24.9% | 11.8% | ||
| Q2 24 | 32.2% | 10.8% | ||
| Q1 24 | 16.2% | 8.7% |
每股收益（稀释后）CFFBIN
| Q4 25 | $2.56 | $0.63 | ||
| Q3 25 | $2.19 | $0.59 | ||
| Q2 25 | $2.37 | $0.83 | ||
| Q1 25 | $1.85 | $0.42 | ||
| Q4 24 | $1.86 | $0.84 | ||
| Q3 24 | $1.55 | $1.09 | ||
| Q2 24 | $2.30 | $1.06 | ||
| Q1 24 | $1.03 | $0.76 |
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 | — | $264.0M |
| 总债务越低越好 | $3.2B | $2.5B |
| 股东权益账面价值 | $4.8B | $2.4B |
| 总资产 | $14.1B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.66× | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资CFFBIN
| Q4 25 | — | $264.0M | ||
| Q3 25 | — | $223.9M | ||
| Q2 25 | — | $234.7M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $381.1M | ||
| Q3 24 | — | $344.8M | ||
| Q2 24 | — | $352.6M | ||
| Q1 24 | — | $359.7M |
总债务CFFBIN
| Q4 25 | $3.2B | $2.5B | ||
| Q3 25 | $3.0B | $2.2B | ||
| Q2 25 | $3.0B | $2.2B | ||
| Q1 25 | $3.0B | $2.7B | ||
| Q4 24 | $3.0B | $2.7B | ||
| Q3 24 | $3.0B | $2.7B | ||
| Q2 24 | $3.0B | $2.7B | ||
| Q1 24 | $3.0B | $2.7B |
股东权益CFFBIN
| Q4 25 | $4.8B | $2.4B | ||
| Q3 25 | $4.8B | $2.4B | ||
| Q2 25 | $5.0B | $2.3B | ||
| Q1 25 | $4.8B | $2.3B | ||
| Q4 24 | $5.0B | $2.4B | ||
| Q3 24 | $5.2B | $2.4B | ||
| Q2 24 | $5.5B | $2.3B | ||
| Q1 24 | $5.4B | $2.3B |
总资产CFFBIN
| Q4 25 | $14.1B | $6.5B | ||
| Q3 25 | $14.2B | $6.5B | ||
| Q2 25 | $13.8B | $6.6B | ||
| Q1 25 | $13.3B | $6.6B | ||
| Q4 24 | $13.5B | $6.6B | ||
| Q3 24 | $13.8B | $6.6B | ||
| Q2 24 | $13.8B | $6.7B | ||
| Q1 24 | $13.9B | $6.8B |
负债/权益比CFFBIN
| Q4 25 | 0.66× | 1.07× | ||
| Q3 25 | 0.61× | 0.91× | ||
| Q2 25 | 0.60× | 0.93× | ||
| Q1 25 | 0.62× | 1.16× | ||
| Q4 24 | 0.60× | 1.10× | ||
| Q3 24 | 0.57× | 1.12× | ||
| Q2 24 | 0.54× | 1.15× | ||
| Q1 24 | 0.55× | 1.17× |
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 | $208.2M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $183.7M |
| 自由现金流率自由现金流/营收 | 16.7% | 17.0% |
| 资本支出强度资本支出/营收 | 12.1% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.09× | 2.73× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $366.8M |
8季度趋势，按日历期对齐
经营现金流CFFBIN
| Q4 25 | $539.0M | $208.2M | ||
| Q3 25 | $1.1B | $204.4M | ||
| Q2 25 | $563.0M | $149.4M | ||
| Q1 25 | $586.0M | $-83.4M | ||
| Q4 24 | $420.0M | $272.3M | ||
| Q3 24 | $931.0M | $205.3M | ||
| Q2 24 | $475.0M | $261.5M | ||
| Q1 24 | $445.0M | $-71.3M |
自由现金流CFFBIN
| Q4 25 | $313.0M | $183.7M | ||
| Q3 25 | $717.0M | $177.0M | ||
| Q2 25 | $318.0M | $118.7M | ||
| Q1 25 | $454.0M | $-112.6M | ||
| Q4 24 | $223.0M | $212.1M | ||
| Q3 24 | $792.0M | $175.6M | ||
| Q2 24 | $391.0M | $222.7M | ||
| Q1 24 | $347.0M | $-135.9M |
自由现金流率CFFBIN
| Q4 25 | 16.7% | 17.0% | ||
| Q3 25 | 43.2% | 15.4% | ||
| Q2 25 | 16.8% | 9.9% | ||
| Q1 25 | 27.3% | -10.9% | ||
| Q4 24 | 14.6% | 19.2% | ||
| Q3 24 | 57.8% | 15.2% | ||
| Q2 24 | 24.9% | 18.0% | ||
| Q1 24 | 23.6% | -12.2% |
资本支出强度CFFBIN
| Q4 25 | 12.1% | 2.3% | ||
| Q3 25 | 20.9% | 2.4% | ||
| Q2 25 | 13.0% | 2.6% | ||
| Q1 25 | 7.9% | 2.8% | ||
| Q4 24 | 12.9% | 5.5% | ||
| Q3 24 | 10.1% | 2.6% | ||
| Q2 24 | 5.3% | 3.1% | ||
| Q1 24 | 6.7% | 5.8% |
现金转化率CFFBIN
| Q4 25 | 1.09× | 2.73× | ||
| Q3 25 | 2.31× | 2.89× | ||
| Q2 25 | 1.14× | 1.49× | ||
| Q1 25 | 1.67× | -1.62× | ||
| Q4 24 | 1.07× | 2.59× | ||
| Q3 24 | 2.73× | 1.50× | ||
| Q2 24 | 0.94× | 1.95× | ||
| Q1 24 | 1.87× | -0.74× |
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% |
FBIN
| Wholesale Retail Trade | $526.7M | 49% |
| Home Center Retailer | $257.1M | 24% |
| Security Segment | $165.8M | 15% |
| Other Retailer | $118.2M | 11% |
