vs
CF Industries（CF）与FRESH DEL MONTE PRODUCE INC（FDP）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FRESH DEL MONTE PRODUCE INC的1.8倍（$1.9B vs $1.0B），CF Industries净利率更高（26.4% vs 3.2%，领先23.3%），CF Industries同比增速更快（22.8% vs 0.6%），CF Industries自由现金流更多（$313.0M vs $-17.2M），过去两年CF Industries的营收复合增速更高（12.8% vs -4.1%）
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。
鲜德尔蒙农产品公司是全球领先的垂直一体化生鲜及鲜切果蔬、加工果蔬生产、分销及营销企业，注册地位于开曼群岛乔治敦，美国行政总部设在佛罗里达州科勒尔盖布尔斯塞维利亚大道241号。
CF vs FDP — 直观对比
营收规模更大
CF
是对方的1.8倍
$1.0B
营收增速更快
CF
高出22.2%
0.6%
净利率更高
CF
高出23.3%
3.2%
自由现金流更多
CF
多$330.2M
$-17.2M
两年增速更快
CF
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.0B |
| 净利润 | $495.0M | $32.3M |
| 毛利率 | 40.9% | 10.4% |
| 营业利润率 | 33.0% | 4.5% |
| 净利率 | 26.4% | 3.2% |
| 营收同比 | 22.8% | 0.6% |
| 净利润同比 | 26.3% | 59.1% |
| 每股收益（稀释后） | $2.56 | $0.67 |
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CFFDP
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.5B | $1.1B |
净利润CFFDP
| Q4 25 | $495.0M | $32.3M | ||
| Q3 25 | $460.0M | $-29.1M | ||
| Q2 25 | $492.0M | $56.8M | ||
| Q1 25 | $351.0M | $31.1M | ||
| Q4 24 | $392.0M | $20.3M | ||
| Q3 24 | $341.0M | $42.1M | ||
| Q2 24 | $506.0M | $53.6M | ||
| Q1 24 | $238.0M | $26.1M |
毛利率CFFDP
| Q4 25 | 40.9% | 10.4% | ||
| Q3 25 | 38.1% | 7.9% | ||
| Q2 25 | 39.9% | 10.2% | ||
| Q1 25 | 34.4% | 8.4% | ||
| Q4 24 | 34.4% | 6.8% | ||
| Q3 24 | 32.4% | 9.2% | ||
| Q2 24 | 43.2% | 9.9% | ||
| Q1 24 | 27.8% | 7.4% |
营业利润率CFFDP
| Q4 25 | 33.0% | 4.5% | ||
| Q3 25 | 35.0% | -2.1% | ||
| Q2 25 | 34.3% | 5.8% | ||
| Q1 25 | 27.4% | 4.1% | ||
| Q4 24 | 28.9% | 3.0% | ||
| Q3 24 | 26.6% | 5.3% | ||
| Q2 24 | 40.6% | 6.0% | ||
| Q1 24 | 20.6% | 4.0% |
净利率CFFDP
| Q4 25 | 26.4% | 3.2% | ||
| Q3 25 | 27.7% | -2.8% | ||
| Q2 25 | 26.0% | 4.8% | ||
| Q1 25 | 21.1% | 2.8% | ||
| Q4 24 | 25.7% | 2.0% | ||
| Q3 24 | 24.9% | 4.1% | ||
| Q2 24 | 32.2% | 4.7% | ||
| Q1 24 | 16.2% | 2.4% |
每股收益（稀释后）CFFDP
| Q4 25 | $2.56 | $0.67 | ||
| Q3 25 | $2.19 | $-0.61 | ||
| Q2 25 | $2.37 | $1.18 | ||
| Q1 25 | $1.85 | $0.64 | ||
| Q4 24 | $1.86 | $0.41 | ||
| Q3 24 | $1.55 | $0.88 | ||
| Q2 24 | $2.30 | $1.12 | ||
| Q1 24 | $1.03 | $0.55 |
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 | — | $35.7M |
| 总债务越低越好 | $3.2B | $176.2M |
| 股东权益账面价值 | $4.8B | $2.0B |
| 总资产 | $14.1B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.66× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资CFFDP
| Q4 25 | — | $35.7M | ||
| Q3 25 | — | $97.2M | ||
| Q2 25 | — | $85.5M | ||
| Q1 25 | — | $34.4M | ||
| Q4 24 | — | $32.6M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | $37.8M | ||
| Q1 24 | — | $42.2M |
总债务CFFDP
| Q4 25 | $3.2B | $176.2M | ||
| Q3 25 | $3.0B | $176.7M | ||
| Q2 25 | $3.0B | $205.2M | ||
| Q1 25 | $3.0B | $237.4M | ||
| Q4 24 | $3.0B | $248.9M | ||
| Q3 24 | $3.0B | $274.8M | ||
| Q2 24 | $3.0B | $290.4M | ||
| Q1 24 | $3.0B | $405.8M |
股东权益CFFDP
| Q4 25 | $4.8B | $2.0B | ||
| Q3 25 | $4.8B | $2.0B | ||
| Q2 25 | $5.0B | $2.1B | ||
| Q1 25 | $4.8B | $2.0B | ||
| Q4 24 | $5.0B | $2.0B | ||
| Q3 24 | $5.2B | $2.0B | ||
| Q2 24 | $5.5B | $2.0B | ||
| Q1 24 | $5.4B | $1.9B |
总资产CFFDP
| Q4 25 | $14.1B | $3.1B | ||
| Q3 25 | $14.2B | $3.1B | ||
| Q2 25 | $13.8B | $3.2B | ||
| Q1 25 | $13.3B | $3.2B | ||
| Q4 24 | $13.5B | $3.1B | ||
| Q3 24 | $13.8B | $3.2B | ||
| Q2 24 | $13.8B | $3.1B | ||
| Q1 24 | $13.9B | $3.2B |
负债/权益比CFFDP
| Q4 25 | 0.66× | 0.09× | ||
| Q3 25 | 0.61× | 0.09× | ||
| Q2 25 | 0.60× | 0.10× | ||
| Q1 25 | 0.62× | 0.12× | ||
| Q4 24 | 0.60× | 0.13× | ||
| Q3 24 | 0.57× | 0.14× | ||
| Q2 24 | 0.54× | 0.15× | ||
| Q1 24 | 0.55× | 0.21× |
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 | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $-17.2M |
| 自由现金流率自由现金流/营收 | 16.7% | -1.7% |
| 资本支出强度资本支出/营收 | 12.1% | 2.8% |
| 现金转化率经营现金流/净利润 | 1.09× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $181.3M |
8季度趋势，按日历期对齐
经营现金流CFFDP
| Q4 25 | $539.0M | $10.9M | ||
| Q3 25 | $1.1B | $75.0M | ||
| Q2 25 | $563.0M | $113.1M | ||
| Q1 25 | $586.0M | $46.1M | ||
| Q4 24 | $420.0M | $-4.7M | ||
| Q3 24 | $931.0M | $43.5M | ||
| Q2 24 | $475.0M | $125.0M | ||
| Q1 24 | $445.0M | $18.7M |
自由现金流CFFDP
| Q4 25 | $313.0M | $-17.2M | ||
| Q3 25 | $717.0M | $60.9M | ||
| Q2 25 | $318.0M | $101.5M | ||
| Q1 25 | $454.0M | $36.1M | ||
| Q4 24 | $223.0M | $-22.3M | ||
| Q3 24 | $792.0M | $30.1M | ||
| Q2 24 | $391.0M | $117.0M | ||
| Q1 24 | $347.0M | $6.0M |
自由现金流率CFFDP
| Q4 25 | 16.7% | -1.7% | ||
| Q3 25 | 43.2% | 6.0% | ||
| Q2 25 | 16.8% | 8.6% | ||
| Q1 25 | 27.3% | 3.3% | ||
| Q4 24 | 14.6% | -2.2% | ||
| Q3 24 | 57.8% | 3.0% | ||
| Q2 24 | 24.9% | 10.3% | ||
| Q1 24 | 23.6% | 0.5% |
资本支出强度CFFDP
| Q4 25 | 12.1% | 2.8% | ||
| Q3 25 | 20.9% | 1.4% | ||
| Q2 25 | 13.0% | 1.0% | ||
| Q1 25 | 7.9% | 0.9% | ||
| Q4 24 | 12.9% | 1.7% | ||
| Q3 24 | 10.1% | 1.3% | ||
| Q2 24 | 5.3% | 0.7% | ||
| Q1 24 | 6.7% | 1.1% |
现金转化率CFFDP
| Q4 25 | 1.09× | 0.34× | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 1.14× | 1.99× | ||
| Q1 25 | 1.67× | 1.48× | ||
| Q4 24 | 1.07× | -0.23× | ||
| Q3 24 | 2.73× | 1.03× | ||
| Q2 24 | 0.94× | 2.33× | ||
| Q1 24 | 1.87× | 0.72× |
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% |
FDP
| Other | $482.7M | 47% |
| Gold Pineapples | $184.9M | 18% |
| Fresh Cut Fruit | $126.4M | 12% |
| Fresh Cut Vegetables | $69.3M | 7% |
| Avocados | $66.9M | 7% |
| Other Fruit Productsand Services | $26.1M | 3% |
| Non Tropical Fruit | $23.0M | 2% |
| Melons | $20.6M | 2% |
| Vegetables | $19.6M | 2% |
