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CF Industries（CF）与iHeartMedia, Inc.（IHRT）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iHeartMedia, Inc.的1.7倍（$1.9B vs $1.1B），CF Industries净利率更高（26.4% vs -3.7%，领先30.2%），CF Industries同比增速更快（22.8% vs 0.8%），CF Industries自由现金流更多（$313.0M vs $137.6M），过去两年iHeartMedia, Inc.的营收复合增速更高（18.8% vs 12.8%）
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。
iHeartMedia是一家总部位于美国德克萨斯州圣安东尼奥的大众传媒企业，前身为清晰频道通信公司，1972年由劳里·梅斯与雷德·麦库姆斯创立，2008年由贝恩资本和托马斯·李合作伙伴公司通过杠杆收购完成私有化，目前是美国知名的传媒控股集团。
CF vs IHRT — 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22.0%
0.8%
净利率更高
CF
高出30.2%
-3.7%
自由现金流更多
CF
多$175.4M
$137.6M
两年增速更快
IHRT
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.1B |
| 净利润 | $495.0M | $-41.9M |
| 毛利率 | 40.9% | — |
| 营业利润率 | 33.0% | 7.6% |
| 净利率 | 26.4% | -3.7% |
| 营收同比 | 22.8% | 0.8% |
| 净利润同比 | 26.3% | -233.1% |
| 每股收益（稀释后） | $2.56 | $-0.25 |
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CFIHRT
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.7B | $997.0M | ||
| Q2 25 | $1.9B | $933.7M | ||
| Q1 25 | $1.7B | $807.1M | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.6B | $929.1M | ||
| Q1 24 | $1.5B | $799.0M |
净利润CFIHRT
| Q4 25 | $495.0M | $-41.9M | ||
| Q3 25 | $460.0M | $-66.3M | ||
| Q2 25 | $492.0M | $-83.5M | ||
| Q1 25 | $351.0M | $-281.2M | ||
| Q4 24 | $392.0M | $31.5M | ||
| Q3 24 | $341.0M | $-41.3M | ||
| Q2 24 | $506.0M | $-981.7M | ||
| Q1 24 | $238.0M | $-18.5M |
毛利率CFIHRT
| 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% | — | ||
| Q1 24 | 27.8% | — |
营业利润率CFIHRT
| Q4 25 | 33.0% | 7.6% | ||
| Q3 25 | 35.0% | -11.7% | ||
| Q2 25 | 34.3% | 3.8% | ||
| Q1 25 | 27.4% | -3.2% | ||
| Q4 24 | 28.9% | 9.3% | ||
| Q3 24 | 26.6% | 7.6% | ||
| Q2 24 | 40.6% | -97.9% | ||
| Q1 24 | 20.6% | -4.3% |
净利率CFIHRT
| Q4 25 | 26.4% | -3.7% | ||
| Q3 25 | 27.7% | -6.6% | ||
| Q2 25 | 26.0% | -8.9% | ||
| Q1 25 | 21.1% | -34.8% | ||
| Q4 24 | 25.7% | 2.8% | ||
| Q3 24 | 24.9% | -4.1% | ||
| Q2 24 | 32.2% | -105.7% | ||
| Q1 24 | 16.2% | -2.3% |
每股收益（稀释后）CFIHRT
| Q4 25 | $2.56 | $-0.25 | ||
| Q3 25 | $2.19 | $-0.43 | ||
| Q2 25 | $2.37 | $-0.54 | ||
| Q1 25 | $1.85 | $-1.84 | ||
| Q4 24 | $1.86 | $0.21 | ||
| Q3 24 | $1.55 | $-0.27 | ||
| Q2 24 | $2.30 | $-6.50 | ||
| Q1 24 | $1.03 | $-0.12 |
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 | — | $270.9M |
| 总债务越低越好 | $3.2B | $5.1B |
| 股东权益账面价值 | $4.8B | $-1.8B |
| 总资产 | $14.1B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.66× | — |
8季度趋势，按日历期对齐
现金及短期投资CFIHRT
| Q4 25 | — | $270.9M | ||
| Q3 25 | — | $192.2M | ||
| Q2 25 | — | $235.9M | ||
| Q1 25 | — | $167.7M | ||
| Q4 24 | — | $259.6M | ||
| Q3 24 | — | $431.8M | ||
| Q2 24 | — | $364.7M | ||
| Q1 24 | — | $361.4M |
总债务CFIHRT
| Q4 25 | $3.2B | $5.1B | ||
| Q3 25 | $3.0B | $5.1B | ||
| Q2 25 | $3.0B | $5.1B | ||
| Q1 25 | $3.0B | $5.1B | ||
| Q4 24 | $3.0B | $5.1B | ||
| Q3 24 | $3.0B | $5.2B | ||
| Q2 24 | $3.0B | $5.2B | ||
| Q1 24 | $3.0B | $5.1B |
股东权益CFIHRT
| Q4 25 | $4.8B | $-1.8B | ||
| Q3 25 | $4.8B | $-1.8B | ||
| Q2 25 | $5.0B | $-1.7B | ||
| Q1 25 | $4.8B | $-1.6B | ||
| Q4 24 | $5.0B | $-1.4B | ||
| Q3 24 | $5.2B | $-1.4B | ||
| Q2 24 | $5.5B | $-1.4B | ||
| Q1 24 | $5.4B | $-398.6M |
总资产CFIHRT
| Q4 25 | $14.1B | $5.1B | ||
| Q3 25 | $14.2B | $5.1B | ||
| Q2 25 | $13.8B | $5.4B | ||
| Q1 25 | $13.3B | $5.3B | ||
| Q4 24 | $13.5B | $5.6B | ||
| Q3 24 | $13.8B | $5.8B | ||
| Q2 24 | $13.8B | $5.8B | ||
| Q1 24 | $13.9B | $6.8B |
负债/权益比CFIHRT
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.60× | — | ||
| 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 | $156.3M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $137.6M |
| 自由现金流率自由现金流/营收 | 16.7% | 12.2% |
| 资本支出强度资本支出/营收 | 12.1% | 1.7% |
| 现金转化率经营现金流/净利润 | 1.09× | — |
| 过去12个月自由现金流最近4个季度 | $1.8B | $10.9M |
8季度趋势，按日历期对齐
经营现金流CFIHRT
| Q4 25 | $539.0M | $156.3M | ||
| Q3 25 | $1.1B | $-9.5M | ||
| Q2 25 | $563.0M | $6.8M | ||
| Q1 25 | $586.0M | $-60.9M | ||
| Q4 24 | $420.0M | $1.2M | ||
| Q3 24 | $931.0M | $102.8M | ||
| Q2 24 | $475.0M | $26.7M | ||
| Q1 24 | $445.0M | $-59.3M |
自由现金流CFIHRT
| Q4 25 | $313.0M | $137.6M | ||
| Q3 25 | $717.0M | $-32.8M | ||
| Q2 25 | $318.0M | $-13.2M | ||
| Q1 25 | $454.0M | $-80.7M | ||
| Q4 24 | $223.0M | $-24.2M | ||
| Q3 24 | $792.0M | $73.3M | ||
| Q2 24 | $391.0M | $5.6M | ||
| Q1 24 | $347.0M | $-80.9M |
自由现金流率CFIHRT
| Q4 25 | 16.7% | 12.2% | ||
| Q3 25 | 43.2% | -3.3% | ||
| Q2 25 | 16.8% | -1.4% | ||
| Q1 25 | 27.3% | -10.0% | ||
| Q4 24 | 14.6% | -2.2% | ||
| Q3 24 | 57.8% | 7.3% | ||
| Q2 24 | 24.9% | 0.6% | ||
| Q1 24 | 23.6% | -10.1% |
资本支出强度CFIHRT
| Q4 25 | 12.1% | 1.7% | ||
| Q3 25 | 20.9% | 2.3% | ||
| Q2 25 | 13.0% | 2.1% | ||
| Q1 25 | 7.9% | 2.4% | ||
| Q4 24 | 12.9% | 2.3% | ||
| Q3 24 | 10.1% | 2.9% | ||
| Q2 24 | 5.3% | 2.3% | ||
| Q1 24 | 6.7% | 2.7% |
现金转化率CFIHRT
| Q4 25 | 1.09× | — | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | 0.04× | ||
| Q3 24 | 2.73× | — | ||
| Q2 24 | 0.94× | — | ||
| Q1 24 | 1.87× | — |
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% |
IHRT
| Broadcast Radio | $469.9M | 42% |
| Digital Non Podcast | $212.9M | 19% |
| Tradeand Barter Transactions | $124.4M | 11% |
| Networks | $118.2M | 10% |
| Audio And Media Services Group Segment | $78.9M | 7% |
| Sponsorship And Events | $71.4M | 6% |
| Advertising Trade And Barter Transactions | $23.7M | 2% |
| Other | $22.7M | 2% |
