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CF Industries（CF）与JBT Marel Corp（JBTM）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JBT Marel Corp的1.9倍（$1.9B vs $1.0B），CF Industries净利率更高（26.4% vs 5.3%，领先21.2%），JBT Marel Corp同比增速更快（115.6% vs 22.8%），CF Industries自由现金流更多（$313.0M vs $83.5M），过去两年JBT Marel Corp的营收复合增速更高（60.3% 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。
JBT Marel Corp（原称JBT公司、约翰宾技术公司）是主营食品加工机械及自动化车辆的企业，2008年由FMC技术公司拆分非能源业务独立注册成立，总部位于美国伊利诺伊州芝加哥，发展历史可追溯至1884年加州洛斯加托斯果园主约翰·宾创办的企业。
CF vs JBTM — 直观对比
营收规模更大
CF
是对方的1.9倍
$1.0B
营收增速更快
JBTM
高出92.7%
22.8%
净利率更高
CF
高出21.2%
5.3%
自由现金流更多
CF
多$229.5M
$83.5M
两年增速更快
JBTM
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.0B |
| 净利润 | $495.0M | $53.1M |
| 毛利率 | 40.9% | 34.5% |
| 营业利润率 | 33.0% | 7.2% |
| 净利率 | 26.4% | 5.3% |
| 营收同比 | 22.8% | 115.6% |
| 净利润同比 | 26.3% | 858.6% |
| 每股收益（稀释后） | $2.56 | $1.04 |
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CFJBTM
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.9B | $934.8M | ||
| Q1 25 | $1.7B | $854.1M | ||
| Q4 24 | $1.5B | $467.6M | ||
| Q3 24 | $1.4B | $453.8M | ||
| Q2 24 | $1.6B | $402.3M | ||
| Q1 24 | $1.5B | $392.3M |
净利润CFJBTM
| Q4 25 | $495.0M | $53.1M | ||
| Q3 25 | $460.0M | $66.0M | ||
| Q2 25 | $492.0M | $3.4M | ||
| Q1 25 | $351.0M | $-173.0M | ||
| Q4 24 | $392.0M | $-7.0M | ||
| Q3 24 | $341.0M | $38.9M | ||
| Q2 24 | $506.0M | $30.7M | ||
| Q1 24 | $238.0M | $22.8M |
毛利率CFJBTM
| Q4 25 | 40.9% | 34.5% | ||
| Q3 25 | 38.1% | 35.9% | ||
| Q2 25 | 39.9% | 35.8% | ||
| Q1 25 | 34.4% | 34.2% | ||
| Q4 24 | 34.4% | 38.4% | ||
| Q3 24 | 32.4% | 36.1% | ||
| Q2 24 | 43.2% | 35.6% | ||
| Q1 24 | 27.8% | 35.8% |
营业利润率CFJBTM
| Q4 25 | 33.0% | 7.2% | ||
| Q3 25 | 35.0% | 10.2% | ||
| Q2 25 | 34.3% | 5.2% | ||
| Q1 25 | 27.4% | -3.9% | ||
| Q4 24 | 28.9% | 3.4% | ||
| Q3 24 | 26.6% | 10.3% | ||
| Q2 24 | 40.6% | 6.7% | ||
| Q1 24 | 20.6% | 7.4% |
净利率CFJBTM
| Q4 25 | 26.4% | 5.3% | ||
| Q3 25 | 27.7% | 6.6% | ||
| Q2 25 | 26.0% | 0.4% | ||
| Q1 25 | 21.1% | -20.3% | ||
| Q4 24 | 25.7% | -1.5% | ||
| Q3 24 | 24.9% | 8.6% | ||
| Q2 24 | 32.2% | 7.6% | ||
| Q1 24 | 16.2% | 5.8% |
每股收益（稀释后）CFJBTM
| Q4 25 | $2.56 | $1.04 | ||
| Q3 25 | $2.19 | $1.26 | ||
| Q2 25 | $2.37 | $0.07 | ||
| Q1 25 | $1.85 | $-3.35 | ||
| Q4 24 | $1.86 | $-0.22 | ||
| Q3 24 | $1.55 | $1.21 | ||
| Q2 24 | $2.30 | $0.95 | ||
| Q1 24 | $1.03 | $0.71 |
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 | — | $167.9M |
| 总债务越低越好 | $3.2B | $1.5B |
| 股东权益账面价值 | $4.8B | $4.5B |
| 总资产 | $14.1B | $8.2B |
| 负债/权益比越低杠杆越低 | 0.66× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资CFJBTM
| Q4 25 | — | $167.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务CFJBTM
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $3.0B | $1.5B | ||
| Q2 25 | $3.0B | $1.5B | ||
| Q1 25 | $3.0B | $2.0B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $3.0B | $648.3M | ||
| Q2 24 | $3.0B | $647.7M | ||
| Q1 24 | $3.0B | $647.0M |
股东权益CFJBTM
| Q4 25 | $4.8B | $4.5B | ||
| Q3 25 | $4.8B | $4.4B | ||
| Q2 25 | $5.0B | $4.4B | ||
| Q1 25 | $4.8B | $4.1B | ||
| Q4 24 | $5.0B | $1.5B | ||
| Q3 24 | $5.2B | $1.6B | ||
| Q2 24 | $5.5B | $1.5B | ||
| Q1 24 | $5.4B | $1.5B |
总资产CFJBTM
| Q4 25 | $14.1B | $8.2B | ||
| Q3 25 | $14.2B | $8.2B | ||
| Q2 25 | $13.8B | $8.3B | ||
| Q1 25 | $13.3B | $8.0B | ||
| Q4 24 | $13.5B | $3.4B | ||
| Q3 24 | $13.8B | $2.8B | ||
| Q2 24 | $13.8B | $2.7B | ||
| Q1 24 | $13.9B | $2.7B |
负债/权益比CFJBTM
| Q4 25 | 0.66× | 0.33× | ||
| Q3 25 | 0.61× | 0.34× | ||
| Q2 25 | 0.60× | 0.35× | ||
| Q1 25 | 0.62× | 0.48× | ||
| Q4 24 | 0.60× | 0.81× | ||
| Q3 24 | 0.57× | 0.41× | ||
| Q2 24 | 0.54× | 0.43× | ||
| Q1 24 | 0.55× | 0.43× |
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 | $117.4M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $83.5M |
| 自由现金流率自由现金流/营收 | 16.7% | 8.3% |
| 资本支出强度资本支出/营收 | 12.1% | 3.4% |
| 现金转化率经营现金流/净利润 | 1.09× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $238.1M |
8季度趋势，按日历期对齐
经营现金流CFJBTM
| Q4 25 | $539.0M | $117.4M | ||
| Q3 25 | $1.1B | $87.7M | ||
| Q2 25 | $563.0M | $102.2M | ||
| Q1 25 | $586.0M | $34.4M | ||
| Q4 24 | $420.0M | $128.7M | ||
| Q3 24 | $931.0M | $71.9M | ||
| Q2 24 | $475.0M | $21.6M | ||
| Q1 24 | $445.0M | $10.4M |
自由现金流CFJBTM
| Q4 25 | $313.0M | $83.5M | ||
| Q3 25 | $717.0M | $56.5M | ||
| Q2 25 | $318.0M | $83.7M | ||
| Q1 25 | $454.0M | $14.4M | ||
| Q4 24 | $223.0M | $118.7M | ||
| Q3 24 | $792.0M | $65.0M | ||
| Q2 24 | $391.0M | $11.1M | ||
| Q1 24 | $347.0M | $-100.0K |
自由现金流率CFJBTM
| Q4 25 | 16.7% | 8.3% | ||
| Q3 25 | 43.2% | 5.6% | ||
| Q2 25 | 16.8% | 9.0% | ||
| Q1 25 | 27.3% | 1.7% | ||
| Q4 24 | 14.6% | 25.4% | ||
| Q3 24 | 57.8% | 14.3% | ||
| Q2 24 | 24.9% | 2.8% | ||
| Q1 24 | 23.6% | -0.0% |
资本支出强度CFJBTM
| Q4 25 | 12.1% | 3.4% | ||
| Q3 25 | 20.9% | 3.1% | ||
| Q2 25 | 13.0% | 2.0% | ||
| Q1 25 | 7.9% | 2.3% | ||
| Q4 24 | 12.9% | 2.1% | ||
| Q3 24 | 10.1% | 1.5% | ||
| Q2 24 | 5.3% | 2.6% | ||
| Q1 24 | 6.7% | 2.7% |
现金转化率CFJBTM
| Q4 25 | 1.09× | 2.21× | ||
| Q3 25 | 2.31× | 1.33× | ||
| Q2 25 | 1.14× | 30.06× | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | 1.85× | ||
| Q2 24 | 0.94× | 0.70× | ||
| Q1 24 | 1.87× | 0.46× |
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% |
JBTM
暂无分部数据
