vs
CF Industries（CF）与IT TECH PACKAGING, INC.（ITP）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IT TECH PACKAGING, INC.的73.1倍（$1.9B vs $25.6M）。CF Industries净利率更高（26.4% vs -5.7%，领先32.1%）。CF Industries同比增速更快（22.8% vs 2.1%）。CF Industries自由现金流更多（$313.0M vs $1.5M）。过去两年CF Industries的营收复合增速更高（12.8% vs 10.5%）
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。
IT TECH PACKAGING, INC.是一家主营纸制品研发生产的企业，核心市场布局在中国境内，核心产品包括瓦楞包装纸、箱板纸、印刷用文化纸等，下游覆盖消费品包装、物流运输、商业印刷等多个需求领域。
CF vs ITP — 直观对比
营收规模更大
CF
是对方的73.1倍
$25.6M
营收增速更快
CF
高出20.8%
2.1%
净利率更高
CF
高出32.1%
-5.7%
自由现金流更多
CF
多$311.5M
$1.5M
两年增速更快
CF
近两年复合增速
10.5%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $25.6M |
| 净利润 | $495.0M | $-1.4M |
| 毛利率 | 40.9% | 7.9% |
| 营业利润率 | 33.0% | -3.9% |
| 净利率 | 26.4% | -5.7% |
| 营收同比 | 22.8% | 2.1% |
| 净利润同比 | 26.3% | 26.6% |
| 每股收益（稀释后） | $2.56 | $-0.11 |
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CFITP
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.7B | $25.6M | ||
| Q2 25 | $1.9B | $24.8M | ||
| Q1 25 | $1.7B | $10.9M | ||
| Q4 24 | $1.5B | $17.6M | ||
| Q3 24 | $1.4B | $25.1M | ||
| Q2 24 | $1.6B | $26.2M | ||
| Q1 24 | $1.5B | $6.9M |
净利润CFITP
| Q4 25 | $495.0M | — | ||
| Q3 25 | $460.0M | $-1.4M | ||
| Q2 25 | $492.0M | $-2.0M | ||
| Q1 25 | $351.0M | $-3.5M | ||
| Q4 24 | $392.0M | $-4.0M | ||
| Q3 24 | $341.0M | $-2.0M | ||
| Q2 24 | $506.0M | $-77.7K | ||
| Q1 24 | $238.0M | $-3.7M |
毛利率CFITP
| Q4 25 | 40.9% | — | ||
| Q3 25 | 38.1% | 7.9% | ||
| Q2 25 | 39.9% | 5.1% | ||
| Q1 25 | 34.4% | 0.8% | ||
| Q4 24 | 34.4% | 6.3% | ||
| Q3 24 | 32.4% | 7.6% | ||
| Q2 24 | 43.2% | 12.4% | ||
| Q1 24 | 27.8% | 5.8% |
营业利润率CFITP
| Q4 25 | 33.0% | — | ||
| Q3 25 | 35.0% | -3.9% | ||
| Q2 25 | 34.3% | -7.1% | ||
| Q1 25 | 27.4% | -31.0% | ||
| Q4 24 | 28.9% | -21.5% | ||
| Q3 24 | 26.6% | -5.8% | ||
| Q2 24 | 40.6% | 2.1% | ||
| Q1 24 | 20.6% | -51.0% |
净利率CFITP
| Q4 25 | 26.4% | — | ||
| Q3 25 | 27.7% | -5.7% | ||
| Q2 25 | 26.0% | -7.9% | ||
| Q1 25 | 21.1% | -32.2% | ||
| Q4 24 | 25.7% | -22.9% | ||
| Q3 24 | 24.9% | -7.9% | ||
| Q2 24 | 32.2% | -0.3% | ||
| Q1 24 | 16.2% | -54.6% |
每股收益（稀释后）CFITP
| Q4 25 | $2.56 | — | ||
| Q3 25 | $2.19 | $-0.11 | ||
| Q2 25 | $2.37 | $-0.16 | ||
| Q1 25 | $1.85 | $-0.35 | ||
| Q4 24 | $1.86 | $-0.40 | ||
| Q3 24 | $1.55 | $-0.20 | ||
| Q2 24 | $2.30 | $-0.01 | ||
| Q1 24 | $1.03 | $-0.37 |
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 | — | — |
| 总债务越低越好 | $3.2B | $4.7M |
| 股东权益账面价值 | $4.8B | $152.0M |
| 总资产 | $14.1B | $175.7M |
| 负债/权益比越低杠杆越低 | 0.66× | 0.03× |
8季度趋势，按日历期对齐
总债务CFITP
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | $4.7M | ||
| Q2 25 | $3.0B | $4.7M | ||
| Q1 25 | $3.0B | $4.7M | ||
| Q4 24 | $3.0B | $4.7M | ||
| Q3 24 | $3.0B | $8.9M | ||
| Q2 24 | $3.0B | $11.3M | ||
| Q1 24 | $3.0B | $11.4M |
股东权益CFITP
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.8B | $152.0M | ||
| Q2 25 | $5.0B | $152.3M | ||
| Q1 25 | $4.8B | $152.8M | ||
| Q4 24 | $5.0B | $156.1M | ||
| Q3 24 | $5.2B | $164.3M | ||
| Q2 24 | $5.5B | $163.5M | ||
| Q1 24 | $5.4B | $164.3M |
总资产CFITP
| Q4 25 | $14.1B | — | ||
| Q3 25 | $14.2B | $175.7M | ||
| Q2 25 | $13.8B | $175.2M | ||
| Q1 25 | $13.3B | $175.2M | ||
| Q4 24 | $13.5B | $177.5M | ||
| Q3 24 | $13.8B | $190.0M | ||
| Q2 24 | $13.8B | $191.4M | ||
| Q1 24 | $13.9B | $177.5M |
负债/权益比CFITP
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.61× | 0.03× | ||
| Q2 25 | 0.60× | 0.03× | ||
| Q1 25 | 0.62× | 0.03× | ||
| Q4 24 | 0.60× | 0.03× | ||
| Q3 24 | 0.57× | 0.05× | ||
| Q2 24 | 0.54× | 0.07× | ||
| Q1 24 | 0.55× | 0.07× |
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 | $1.5M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $1.5M |
| 自由现金流率自由现金流/营收 | 16.7% | 5.9% |
| 资本支出强度资本支出/营收 | 12.1% | 0.0% |
| 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 | $3.8M |
8季度趋势，按日历期对齐
经营现金流CFITP
| Q4 25 | $539.0M | — | ||
| Q3 25 | $1.1B | $1.5M | ||
| Q2 25 | $563.0M | $1.4M | ||
| Q1 25 | $586.0M | $-2.5M | ||
| Q4 24 | $420.0M | $3.5M | ||
| Q3 24 | $931.0M | $1.5M | ||
| Q2 24 | $475.0M | $721.9K | ||
| Q1 24 | $445.0M | $624.4K |
自由现金流CFITP
| Q4 25 | $313.0M | — | ||
| Q3 25 | $717.0M | $1.5M | ||
| Q2 25 | $318.0M | $1.3M | ||
| Q1 25 | $454.0M | $-2.5M | ||
| Q4 24 | $223.0M | $3.5M | ||
| Q3 24 | $792.0M | $1.2M | ||
| Q2 24 | $391.0M | $668.3K | ||
| Q1 24 | $347.0M | $615.4K |
自由现金流率CFITP
| Q4 25 | 16.7% | — | ||
| Q3 25 | 43.2% | 5.9% | ||
| Q2 25 | 16.8% | 5.4% | ||
| Q1 25 | 27.3% | -22.8% | ||
| Q4 24 | 14.6% | 19.6% | ||
| Q3 24 | 57.8% | 4.9% | ||
| Q2 24 | 24.9% | 2.5% | ||
| Q1 24 | 23.6% | 9.0% |
资本支出强度CFITP
| Q4 25 | 12.1% | — | ||
| Q3 25 | 20.9% | 0.0% | ||
| Q2 25 | 13.0% | 0.1% | ||
| Q1 25 | 7.9% | 0.1% | ||
| Q4 24 | 12.9% | 0.1% | ||
| Q3 24 | 10.1% | 1.0% | ||
| Q2 24 | 5.3% | 0.2% | ||
| Q1 24 | 6.7% | 0.1% |
现金转化率CFITP
| Q4 25 | 1.09× | — | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | — | ||
| 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% |
ITP
暂无分部数据
