vs
CF Industries（CF）与GRAPHIC PACKAGING HOLDING CO（GPK）财务数据对比。点击上方公司名可切换其他公司
GRAPHIC PACKAGING HOLDING CO的季度营收约是CF Industries的1.1倍（$2.1B 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 0.2%）。过去两年CF Industries的营收复合增速更高（12.8% vs -3.5%）
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。
Graphic Packaging Holding是总部位于美国佐治亚州亚特兰大的世界500强企业，专注于设计和生产商用产品包装解决方案，主营纸板及折叠纸盒业务，产品广泛应用于饮料、包装食品等各类热门消费品领域，在美国多州运营采用回收原料的纸板工厂。
CF vs GPK — 直观对比
营收规模更大
GPK
是对方的1.1倍
$1.9B
营收增速更快
CF
高出22.6%
0.2%
净利率更高
CF
高出23.1%
3.4%
两年增速更快
CF
近两年复合增速
-3.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.1B |
| 净利润 | $495.0M | $71.0M |
| 毛利率 | 40.9% | 14.1% |
| 营业利润率 | 33.0% | 7.4% |
| 净利率 | 26.4% | 3.4% |
| 营收同比 | 22.8% | 0.2% |
| 净利润同比 | 26.3% | -48.6% |
| 每股收益（稀释后） | $2.56 | $0.24 |
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CFGPK
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.7B | $2.1B | ||
| Q4 24 | $1.5B | $2.1B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.6B | $2.2B | ||
| Q1 24 | $1.5B | $2.3B |
净利润CFGPK
| Q4 25 | $495.0M | $71.0M | ||
| Q3 25 | $460.0M | $142.0M | ||
| Q2 25 | $492.0M | $104.0M | ||
| Q1 25 | $351.0M | $127.0M | ||
| Q4 24 | $392.0M | $138.0M | ||
| Q3 24 | $341.0M | $165.0M | ||
| Q2 24 | $506.0M | $190.0M | ||
| Q1 24 | $238.0M | $165.0M |
毛利率CFGPK
| Q4 25 | 40.9% | 14.1% | ||
| Q3 25 | 38.1% | 19.6% | ||
| Q2 25 | 39.9% | 18.7% | ||
| Q1 25 | 34.4% | 20.6% | ||
| Q4 24 | 34.4% | 21.4% | ||
| Q3 24 | 32.4% | 22.3% | ||
| Q2 24 | 43.2% | 21.2% | ||
| Q1 24 | 27.8% | 23.0% |
营业利润率CFGPK
| Q4 25 | 33.0% | 7.4% | ||
| Q3 25 | 35.0% | 10.7% | ||
| Q2 25 | 34.3% | 8.8% | ||
| Q1 25 | 27.4% | 10.5% | ||
| Q4 24 | 28.9% | 11.4% | ||
| Q3 24 | 26.6% | 12.6% | ||
| Q2 24 | 40.6% | 14.5% | ||
| Q1 24 | 20.6% | 12.4% |
净利率CFGPK
| Q4 25 | 26.4% | 3.4% | ||
| Q3 25 | 27.7% | 6.5% | ||
| Q2 25 | 26.0% | 4.7% | ||
| Q1 25 | 21.1% | 6.0% | ||
| Q4 24 | 25.7% | 6.6% | ||
| Q3 24 | 24.9% | 7.5% | ||
| Q2 24 | 32.2% | 8.5% | ||
| Q1 24 | 16.2% | 7.3% |
每股收益（稀释后）CFGPK
| Q4 25 | $2.56 | $0.24 | ||
| Q3 25 | $2.19 | $0.48 | ||
| Q2 25 | $2.37 | $0.34 | ||
| Q1 25 | $1.85 | $0.42 | ||
| Q4 24 | $1.86 | $0.46 | ||
| Q3 24 | $1.55 | $0.55 | ||
| Q2 24 | $2.30 | $0.62 | ||
| Q1 24 | $1.03 | $0.53 |
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 | — | $261.0M |
| 总债务越低越好 | $3.2B | $5.0B |
| 股东权益账面价值 | $4.8B | $3.3B |
| 总资产 | $14.1B | $11.8B |
| 负债/权益比越低杠杆越低 | 0.66× | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资CFGPK
| Q4 25 | — | $261.0M | ||
| Q3 25 | — | $120.0M | ||
| Q2 25 | — | $120.0M | ||
| Q1 25 | — | $129.0M | ||
| Q4 24 | — | $157.0M | ||
| Q3 24 | — | $126.0M | ||
| Q2 24 | — | $125.0M | ||
| Q1 24 | — | $136.0M |
总债务CFGPK
| Q4 25 | $3.2B | $5.0B | ||
| Q3 25 | $3.0B | $5.5B | ||
| Q2 25 | $3.0B | $5.4B | ||
| Q1 25 | $3.0B | $5.7B | ||
| Q4 24 | $3.0B | $5.1B | ||
| Q3 24 | $3.0B | $5.4B | ||
| Q2 24 | $3.0B | $4.9B | ||
| Q1 24 | $3.0B | $4.9B |
股东权益CFGPK
| Q4 25 | $4.8B | $3.3B | ||
| Q3 25 | $4.8B | $3.3B | ||
| 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 | $2.8B | ||
| Q1 24 | $5.4B | $2.9B |
总资产CFGPK
| Q4 25 | $14.1B | $11.8B | ||
| Q3 25 | $14.2B | $11.9B | ||
| Q2 25 | $13.8B | $11.8B | ||
| Q1 25 | $13.3B | $11.5B | ||
| Q4 24 | $13.5B | $11.1B | ||
| Q3 24 | $13.8B | $11.2B | ||
| Q2 24 | $13.8B | $10.8B | ||
| Q1 24 | $13.9B | $11.3B |
负债/权益比CFGPK
| Q4 25 | 0.66× | 1.51× | ||
| Q3 25 | 0.61× | 1.67× | ||
| Q2 25 | 0.60× | 1.68× | ||
| Q1 25 | 0.62× | 1.80× | ||
| Q4 24 | 0.60× | 1.71× | ||
| Q3 24 | 0.57× | 1.79× | ||
| Q2 24 | 0.54× | 1.75× | ||
| Q1 24 | 0.55× | 1.73× |
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 | $521.0M |
| 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× | 7.34× |
| 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CFGPK
| Q4 25 | $539.0M | $521.0M | ||
| Q3 25 | $1.1B | $227.0M | ||
| Q2 25 | $563.0M | $267.0M | ||
| Q1 25 | $586.0M | $-174.0M | ||
| Q4 24 | $420.0M | $489.0M | ||
| Q3 24 | $931.0M | $187.0M | ||
| Q2 24 | $475.0M | $161.0M | ||
| Q1 24 | $445.0M | $3.0M |
自由现金流CFGPK
| Q4 25 | $313.0M | — | ||
| Q3 25 | $717.0M | — | ||
| Q2 25 | $318.0M | — | ||
| Q1 25 | $454.0M | — | ||
| Q4 24 | $223.0M | — | ||
| Q3 24 | $792.0M | — | ||
| Q2 24 | $391.0M | — | ||
| Q1 24 | $347.0M | — |
自由现金流率CFGPK
| Q4 25 | 16.7% | — | ||
| Q3 25 | 43.2% | — | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | 27.3% | — | ||
| Q4 24 | 14.6% | — | ||
| Q3 24 | 57.8% | — | ||
| Q2 24 | 24.9% | — | ||
| Q1 24 | 23.6% | — |
资本支出强度CFGPK
| Q4 25 | 12.1% | — | ||
| Q3 25 | 20.9% | — | ||
| Q2 25 | 13.0% | — | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | 6.7% | — |
现金转化率CFGPK
| Q4 25 | 1.09× | 7.34× | ||
| Q3 25 | 2.31× | 1.60× | ||
| Q2 25 | 1.14× | 2.57× | ||
| Q1 25 | 1.67× | -1.37× | ||
| Q4 24 | 1.07× | 3.54× | ||
| Q3 24 | 2.73× | 1.13× | ||
| Q2 24 | 0.94× | 0.85× | ||
| Q1 24 | 1.87× | 0.02× |
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% |
GPK
暂无分部数据
