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CF Industries（CF）与Host Hotels & Resorts（HST）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Host Hotels & Resorts的1.2倍（$2.0B vs $1.6B），CF Industries净利率更高（31.0% vs 30.5%，领先0.5%），CF Industries同比增速更快（19.4% vs 11.6%），过去两年CF Industries的营收复合增速更高（12.4% vs 5.9%）
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。
Host Hotels & Resorts是总部位于美国马里兰州贝塞斯达的房地产投资信托企业，专注于高端酒店资产投资。截至2024年12月31日，公司在美国、巴西、加拿大共持有81家高端酒店，总客房数约4.34万间，是全球知名的酒店不动产投资机构。
CF vs HST — 直观对比
营收规模更大
CF
是对方的1.2倍
$1.6B
营收增速更快
CF
高出7.8%
11.6%
净利率更高
CF
高出0.5%
30.5%
两年增速更快
CF
近两年复合增速
5.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.6B |
| 净利润 | $615.0M | $501.0M |
| 毛利率 | 37.6% | 98.7% |
| 营业利润率 | 43.5% | 19.4% |
| 净利率 | 31.0% | 30.5% |
| 营收同比 | 19.4% | 11.6% |
| 净利润同比 | 97.1% | 99.2% |
| 每股收益（稀释后） | $3.98 | $0.72 |
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CFHST
| Q1 26 | $2.0B | $1.6B | ||
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.6B | $1.5B |
净利润CFHST
| Q1 26 | $615.0M | $501.0M | ||
| Q4 25 | $495.0M | $135.0M | ||
| Q3 25 | $460.0M | $161.0M | ||
| Q2 25 | $492.0M | $221.0M | ||
| Q1 25 | $351.0M | $248.0M | ||
| Q4 24 | $392.0M | $108.0M | ||
| Q3 24 | $341.0M | $82.0M | ||
| Q2 24 | $506.0M | $239.0M |
毛利率CFHST
| Q1 26 | 37.6% | 98.7% | ||
| 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CFHST
| Q1 26 | 43.5% | 19.4% | ||
| Q4 25 | 33.0% | 12.0% | ||
| Q3 25 | 35.0% | 7.6% | ||
| Q2 25 | 34.3% | 17.5% | ||
| Q1 25 | 27.4% | 17.9% | ||
| Q4 24 | 28.9% | 11.0% | ||
| Q3 24 | 26.6% | 10.2% | ||
| Q2 24 | 40.6% | 19.9% |
净利率CFHST
| Q1 26 | 31.0% | 30.5% | ||
| Q4 25 | 26.4% | 8.4% | ||
| Q3 25 | 27.7% | 12.1% | ||
| Q2 25 | 26.0% | 13.9% | ||
| Q1 25 | 21.1% | 15.6% | ||
| Q4 24 | 25.7% | 7.6% | ||
| Q3 24 | 24.9% | 6.2% | ||
| Q2 24 | 32.2% | 16.3% |
每股收益（稀释后）CFHST
| Q1 26 | $3.98 | $0.72 | ||
| Q4 25 | $2.56 | $0.20 | ||
| Q3 25 | $2.19 | $0.23 | ||
| Q2 25 | $2.37 | $0.32 | ||
| Q1 25 | $1.85 | $0.35 | ||
| Q4 24 | $1.86 | $0.15 | ||
| Q3 24 | $1.55 | $0.12 | ||
| Q2 24 | $2.30 | $0.34 |
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 | — | $1.7B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $5.3B | $6.8B |
| 总资产 | $14.6B | $13.2B |
| 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CFHST
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $768.0M | ||
| Q3 25 | — | $539.0M | ||
| Q2 25 | — | $490.0M | ||
| Q1 25 | — | $428.0M | ||
| Q4 24 | — | $554.0M | ||
| Q3 24 | — | $564.0M | ||
| Q2 24 | — | $805.0M |
总债务CFHST
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $1.3B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $896.0M | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — |
股东权益CFHST
| Q1 26 | $5.3B | $6.8B | ||
| Q4 25 | $4.8B | $6.6B | ||
| Q3 25 | $4.8B | $6.7B | ||
| Q2 25 | $5.0B | $6.6B | ||
| Q1 25 | $4.8B | $6.7B | ||
| Q4 24 | $5.0B | $6.6B | ||
| Q3 24 | $5.2B | $6.7B | ||
| Q2 24 | $5.5B | $6.8B |
总资产CFHST
| Q1 26 | $14.6B | $13.2B | ||
| Q4 25 | $14.1B | $13.0B | ||
| Q3 25 | $14.2B | $13.0B | ||
| Q2 25 | $13.8B | $13.0B | ||
| Q1 25 | $13.3B | $12.9B | ||
| Q4 24 | $13.5B | $13.0B | ||
| Q3 24 | $13.8B | $13.1B | ||
| Q2 24 | $13.8B | $12.4B |
负债/权益比CFHST
| Q1 26 | 0.60× | — | ||
| Q4 25 | 0.66× | 0.19× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.60× | 0.14× | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.7B | — |
| 自由现金流率自由现金流/营收 | 83.2% | — |
| 资本支出强度资本支出/营收 | 11.2% | 7.4% |
| 现金转化率经营现金流/净利润 | 0.81× | — |
| 过去12个月自由现金流最近4个季度 | $3.0B | — |
8季度趋势，按日历期对齐
经营现金流CFHST
| Q1 26 | $496.0M | — | ||
| Q4 25 | $539.0M | $543.0M | ||
| Q3 25 | $1.1B | $218.0M | ||
| Q2 25 | $563.0M | $444.0M | ||
| Q1 25 | $586.0M | $305.0M | ||
| Q4 24 | $420.0M | $331.0M | ||
| Q3 24 | $931.0M | $349.0M | ||
| Q2 24 | $475.0M | $453.0M |
自由现金流CFHST
| Q1 26 | $1.7B | — | ||
| Q4 25 | $313.0M | $445.0M | ||
| Q3 25 | $717.0M | $143.0M | ||
| Q2 25 | $318.0M | $381.0M | ||
| Q1 25 | $454.0M | $259.0M | ||
| Q4 24 | $223.0M | $235.0M | ||
| Q3 24 | $792.0M | $262.0M | ||
| Q2 24 | $391.0M | $409.0M |
自由现金流率CFHST
| Q1 26 | 83.2% | — | ||
| Q4 25 | 16.7% | 27.8% | ||
| Q3 25 | 43.2% | 10.7% | ||
| Q2 25 | 16.8% | 24.0% | ||
| Q1 25 | 27.3% | 16.2% | ||
| Q4 24 | 14.6% | 16.5% | ||
| Q3 24 | 57.8% | 19.9% | ||
| Q2 24 | 24.9% | 27.9% |
资本支出强度CFHST
| Q1 26 | 11.2% | 7.4% | ||
| Q4 25 | 12.1% | 6.1% | ||
| Q3 25 | 20.9% | 5.6% | ||
| Q2 25 | 13.0% | 4.0% | ||
| Q1 25 | 7.9% | 2.9% | ||
| Q4 24 | 12.9% | 6.7% | ||
| Q3 24 | 10.1% | 6.6% | ||
| Q2 24 | 5.3% | 3.0% |
现金转化率CFHST
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.09× | 4.02× | ||
| Q3 25 | 2.31× | 1.35× | ||
| Q2 25 | 1.14× | 2.01× | ||
| Q1 25 | 1.67× | 1.23× | ||
| Q4 24 | 1.07× | 3.06× | ||
| Q3 24 | 2.73× | 4.26× | ||
| Q2 24 | 0.94× | 1.90× |
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% |
HST
| Room | $943.0M | 57% |
| Food and beverage | $517.0M | 31% |
| Other | $159.0M | 10% |
| Condominium sales | $26.0M | 2% |
