vs
CF Industries（CF）与CHART INDUSTRIES INC（GTLS）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CHART INDUSTRIES INC的1.7倍（$1.9B vs $1.1B），CF Industries净利率更高（26.4% vs 5.0%，领先21.5%），CF Industries同比增速更快（22.8% vs -2.5%），CF Industries自由现金流更多（$313.0M vs $66.2M），过去两年CF Industries的营收复合增速更高（12.8% vs 6.6%）
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。
Oricon Inc.成立于1999年，是日本知名音乐产业集团的控股主体，主营日本本土及西洋音乐相关的行业资讯与数据统计服务。其前身为小池宗光于1967年11月创立的Original Confidence公司，凭借权威音乐排行榜广为人知，2002年4月正式承接原公司旗下的Oricon唱片排行榜业务。
CF vs GTLS — 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25.3%
-2.5%
净利率更高
CF
高出21.5%
5.0%
自由现金流更多
CF
多$246.8M
$66.2M
两年增速更快
CF
近两年复合增速
6.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.1B |
| 净利润 | $495.0M | $53.6M |
| 毛利率 | 40.9% | 33.3% |
| 营业利润率 | 33.0% | 11.6% |
| 净利率 | 26.4% | 5.0% |
| 营收同比 | 22.8% | -2.5% |
| 净利润同比 | 26.3% | -32.7% |
| 每股收益（稀释后） | $2.56 | $1.06 |
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CFGTLS
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.6B | $1.0B | ||
| Q1 24 | $1.5B | $950.7M |
净利润CFGTLS
| Q4 25 | $495.0M | $53.6M | ||
| Q3 25 | $460.0M | $-138.5M | ||
| Q2 25 | $492.0M | $76.1M | ||
| Q1 25 | $351.0M | $49.5M | ||
| Q4 24 | $392.0M | $79.6M | ||
| Q3 24 | $341.0M | $69.0M | ||
| Q2 24 | $506.0M | $58.6M | ||
| Q1 24 | $238.0M | $11.3M |
毛利率CFGTLS
| Q4 25 | 40.9% | 33.3% | ||
| Q3 25 | 38.1% | 34.1% | ||
| Q2 25 | 39.9% | 33.6% | ||
| Q1 25 | 34.4% | 33.9% | ||
| Q4 24 | 34.4% | 33.6% | ||
| Q3 24 | 32.4% | 34.1% | ||
| Q2 24 | 43.2% | 33.8% | ||
| Q1 24 | 27.8% | 31.8% |
营业利润率CFGTLS
| Q4 25 | 33.0% | 11.6% | ||
| Q3 25 | 35.0% | -8.0% | ||
| Q2 25 | 34.3% | 15.7% | ||
| Q1 25 | 27.4% | 15.2% | ||
| Q4 24 | 28.9% | 17.0% | ||
| Q3 24 | 26.6% | 16.8% | ||
| Q2 24 | 40.6% | 16.1% | ||
| Q1 24 | 20.6% | 11.9% |
净利率CFGTLS
| Q4 25 | 26.4% | 5.0% | ||
| Q3 25 | 27.7% | -12.6% | ||
| Q2 25 | 26.0% | 7.0% | ||
| Q1 25 | 21.1% | 4.9% | ||
| Q4 24 | 25.7% | 7.2% | ||
| Q3 24 | 24.9% | 6.5% | ||
| Q2 24 | 32.2% | 5.6% | ||
| Q1 24 | 16.2% | 1.2% |
每股收益（稀释后）CFGTLS
| Q4 25 | $2.56 | $1.06 | ||
| Q3 25 | $2.19 | $-3.23 | ||
| Q2 25 | $2.37 | $1.53 | ||
| Q1 25 | $1.85 | $0.94 | ||
| Q4 24 | $1.86 | $1.57 | ||
| Q3 24 | $1.55 | $1.33 | ||
| Q2 24 | $2.30 | $1.10 | ||
| Q1 24 | $1.03 | $0.10 |
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 | — | $366.0M |
| 总债务越低越好 | $3.2B | $3.7B |
| 股东权益账面价值 | $4.8B | $3.2B |
| 总资产 | $14.1B | $9.8B |
| 负债/权益比越低杠杆越低 | 0.66× | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资CFGTLS
| Q4 25 | — | $366.0M | ||
| Q3 25 | — | $399.2M | ||
| Q2 25 | — | $342.3M | ||
| Q1 25 | — | $296.2M | ||
| Q4 24 | — | $308.6M | ||
| Q3 24 | — | $310.2M | ||
| Q2 24 | — | $247.4M | ||
| Q1 24 | — | $191.9M |
总债务CFGTLS
| Q4 25 | $3.2B | $3.7B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $3.8B | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
股东权益CFGTLS
| Q4 25 | $4.8B | $3.2B | ||
| Q3 25 | $4.8B | $3.2B | ||
| Q2 25 | $5.0B | $3.4B | ||
| Q1 25 | $4.8B | $3.0B | ||
| Q4 24 | $5.0B | $2.8B | ||
| Q3 24 | $5.2B | $3.0B | ||
| Q2 24 | $5.5B | $2.7B | ||
| Q1 24 | $5.4B | $2.7B |
总资产CFGTLS
| Q4 25 | $14.1B | $9.8B | ||
| Q3 25 | $14.2B | $9.8B | ||
| Q2 25 | $13.8B | $9.7B | ||
| Q1 25 | $13.3B | $9.3B | ||
| Q4 24 | $13.5B | $9.1B | ||
| Q3 24 | $13.8B | $9.5B | ||
| Q2 24 | $13.8B | $9.3B | ||
| Q1 24 | $13.9B | $9.2B |
负债/权益比CFGTLS
| Q4 25 | 0.66× | 1.13× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.60× | 1.33× | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | 0.54× | — | ||
| Q1 24 | 0.55× | — |
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 | $88.8M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $66.2M |
| 自由现金流率自由现金流/营收 | 16.7% | 6.1% |
| 资本支出强度资本支出/营收 | 12.1% | 2.1% |
| 现金转化率经营现金流/净利润 | 1.09× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $202.8M |
8季度趋势，按日历期对齐
经营现金流CFGTLS
| Q4 25 | $539.0M | $88.8M | ||
| Q3 25 | $1.1B | $118.0M | ||
| Q2 25 | $563.0M | $145.9M | ||
| Q1 25 | $586.0M | $-60.0M | ||
| Q4 24 | $420.0M | $281.4M | ||
| Q3 24 | $931.0M | $200.6M | ||
| Q2 24 | $475.0M | $116.1M | ||
| Q1 24 | $445.0M | $-95.1M |
自由现金流CFGTLS
| Q4 25 | $313.0M | $66.2M | ||
| Q3 25 | $717.0M | $94.7M | ||
| Q2 25 | $318.0M | $122.0M | ||
| Q1 25 | $454.0M | $-80.1M | ||
| Q4 24 | $223.0M | $260.9M | ||
| Q3 24 | $792.0M | $174.5M | ||
| Q2 24 | $391.0M | $88.0M | ||
| Q1 24 | $347.0M | $-141.2M |
自由现金流率CFGTLS
| Q4 25 | 16.7% | 6.1% | ||
| Q3 25 | 43.2% | 8.6% | ||
| Q2 25 | 16.8% | 11.3% | ||
| Q1 25 | 27.3% | -8.0% | ||
| Q4 24 | 14.6% | 23.6% | ||
| Q3 24 | 57.8% | 16.4% | ||
| Q2 24 | 24.9% | 8.5% | ||
| Q1 24 | 23.6% | -14.9% |
资本支出强度CFGTLS
| Q4 25 | 12.1% | 2.1% | ||
| Q3 25 | 20.9% | 2.1% | ||
| Q2 25 | 13.0% | 2.2% | ||
| Q1 25 | 7.9% | 2.0% | ||
| Q4 24 | 12.9% | 1.9% | ||
| Q3 24 | 10.1% | 2.5% | ||
| Q2 24 | 5.3% | 2.7% | ||
| Q1 24 | 6.7% | 4.8% |
现金转化率CFGTLS
| Q4 25 | 1.09× | 1.66× | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 1.14× | 1.92× | ||
| Q1 25 | 1.67× | -1.21× | ||
| Q4 24 | 1.07× | 3.54× | ||
| Q3 24 | 2.73× | 2.91× | ||
| Q2 24 | 0.94× | 1.98× | ||
| Q1 24 | 1.87× | -8.42× |
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% |
GTLS
| Repair Service And Leasing Segment | $330.4M | 31% |
| Heat Transfer Systems Segment | $325.8M | 30% |
| Specialty Products Segment | $259.5M | 24% |
| Transferred Over Time | $94.4M | 9% |
| Transferred At Point In Time | $69.5M | 6% |
