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CF Industries（CF）与JELD-WEN Holding, Inc.（JELD）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JELD-WEN Holding, Inc.的2.3倍（$1.9B vs $802.0M）。CF Industries净利率更高（26.4% vs -5.2%，领先31.7%）。CF Industries同比增速更快（22.8% vs -10.5%）。CF Industries自由现金流更多（$313.0M vs $3.4M）。过去两年CF Industries的营收复合增速更高（12.8% vs -8.6%）
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。
JELD-WEN是一家总部位于美国北卡罗来纳州夏洛特的企业，在全球19个国家运营着超过120家生产基地。公司主营设计、生产并销售室内外门窗、各类材质窗品、墙体系统、淋浴隔断、衣帽间系统等建筑部件，产品广泛应用于住宅与非住宅建筑的新建、维修及改造工程。
CF vs JELD — 直观对比
营收规模更大
CF
是对方的2.3倍
$802.0M
营收增速更快
CF
高出33.3%
-10.5%
净利率更高
CF
高出31.7%
-5.2%
自由现金流更多
CF
多$309.6M
$3.4M
两年增速更快
CF
近两年复合增速
-8.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $802.0M |
| 净利润 | $495.0M | $-41.9M |
| 毛利率 | 40.9% | 14.7% |
| 营业利润率 | 33.0% | -1.8% |
| 净利率 | 26.4% | -5.2% |
| 营收同比 | 22.8% | -10.5% |
| 净利润同比 | 26.3% | 38.7% |
| 每股收益（稀释后） | $2.56 | $-0.50 |
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CFJELD
| Q4 25 | $1.9B | $802.0M | ||
| Q3 25 | $1.7B | $809.5M | ||
| Q2 25 | $1.9B | $823.7M | ||
| Q1 25 | $1.7B | $776.0M | ||
| Q4 24 | $1.5B | $895.7M | ||
| Q3 24 | $1.4B | $934.7M | ||
| Q2 24 | $1.6B | $986.0M | ||
| Q1 24 | $1.5B | $959.1M |
净利润CFJELD
| Q4 25 | $495.0M | $-41.9M | ||
| Q3 25 | $460.0M | $-367.6M | ||
| Q2 25 | $492.0M | $-21.5M | ||
| Q1 25 | $351.0M | $-190.1M | ||
| Q4 24 | $392.0M | $-68.4M | ||
| Q3 24 | $341.0M | $-74.4M | ||
| Q2 24 | $506.0M | $-18.5M | ||
| Q1 24 | $238.0M | $-27.7M |
毛利率CFJELD
| Q4 25 | 40.9% | 14.7% | ||
| Q3 25 | 38.1% | 17.4% | ||
| Q2 25 | 39.9% | 17.4% | ||
| Q1 25 | 34.4% | 14.4% | ||
| Q4 24 | 34.4% | 16.4% | ||
| Q3 24 | 32.4% | 19.2% | ||
| Q2 24 | 43.2% | 19.3% | ||
| Q1 24 | 27.8% | 18.0% |
营业利润率CFJELD
| Q4 25 | 33.0% | -1.8% | ||
| Q3 25 | 35.0% | -25.0% | ||
| Q2 25 | 34.3% | -1.7% | ||
| Q1 25 | 27.4% | -23.8% | ||
| Q4 24 | 28.9% | -5.7% | ||
| Q3 24 | 26.6% | -5.6% | ||
| Q2 24 | 40.6% | 0.5% | ||
| Q1 24 | 20.6% | -2.9% |
净利率CFJELD
| Q4 25 | 26.4% | -5.2% | ||
| Q3 25 | 27.7% | -45.4% | ||
| Q2 25 | 26.0% | -2.6% | ||
| Q1 25 | 21.1% | -24.5% | ||
| Q4 24 | 25.7% | -7.6% | ||
| Q3 24 | 24.9% | -8.0% | ||
| Q2 24 | 32.2% | -1.9% | ||
| Q1 24 | 16.2% | -2.9% |
每股收益（稀释后）CFJELD
| Q4 25 | $2.56 | $-0.50 | ||
| Q3 25 | $2.19 | $-4.30 | ||
| Q2 25 | $2.37 | $-0.25 | ||
| Q1 25 | $1.85 | $-2.24 | ||
| Q4 24 | $1.86 | $-0.80 | ||
| Q3 24 | $1.55 | $-0.88 | ||
| Q2 24 | $2.30 | $-0.22 | ||
| Q1 24 | $1.03 | $-0.32 |
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 | — | $136.1M |
| 总债务越低越好 | $3.2B | $1.1B |
| 股东权益账面价值 | $4.8B | $92.2M |
| 总资产 | $14.1B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.66× | 12.47× |
8季度趋势，按日历期对齐
现金及短期投资CFJELD
| Q4 25 | — | $136.1M | ||
| Q3 25 | — | $106.7M | ||
| Q2 25 | — | $134.1M | ||
| Q1 25 | — | $132.5M | ||
| Q4 24 | — | $150.3M | ||
| Q3 24 | — | $208.5M | ||
| Q2 24 | — | $212.8M | ||
| Q1 24 | — | $234.5M |
总债务CFJELD
| Q4 25 | $3.2B | $1.1B | ||
| Q3 25 | $3.0B | $1.2B | ||
| Q2 25 | $3.0B | $1.2B | ||
| Q1 25 | $3.0B | $1.2B | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $3.0B | $1.2B | ||
| Q2 24 | $3.0B | $1.2B | ||
| Q1 24 | $3.0B | $1.2B |
股东权益CFJELD
| Q4 25 | $4.8B | $92.2M | ||
| Q3 25 | $4.8B | $113.9M | ||
| Q2 25 | $5.0B | $477.1M | ||
| Q1 25 | $4.8B | $452.1M | ||
| Q4 24 | $5.0B | $620.1M | ||
| Q3 24 | $5.2B | $720.3M | ||
| Q2 24 | $5.5B | $770.0M | ||
| Q1 24 | $5.4B | $811.5M |
总资产CFJELD
| Q4 25 | $14.1B | $2.1B | ||
| Q3 25 | $14.2B | $2.2B | ||
| Q2 25 | $13.8B | $2.5B | ||
| Q1 25 | $13.3B | $2.4B | ||
| Q4 24 | $13.5B | $2.6B | ||
| Q3 24 | $13.8B | $2.8B | ||
| Q2 24 | $13.8B | $2.9B | ||
| Q1 24 | $13.9B | $2.9B |
负债/权益比CFJELD
| Q4 25 | 0.66× | 12.47× | ||
| Q3 25 | 0.61× | 10.14× | ||
| Q2 25 | 0.60× | 2.42× | ||
| Q1 25 | 0.62× | 2.56× | ||
| Q4 24 | 0.60× | 1.86× | ||
| Q3 24 | 0.57× | 1.64× | ||
| Q2 24 | 0.54× | 1.53× | ||
| Q1 24 | 0.55× | 1.46× |
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 | $32.8M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $3.4M |
| 自由现金流率自由现金流/营收 | 16.7% | 0.4% |
| 资本支出强度资本支出/营收 | 12.1% | 3.7% |
| 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 | $-124.6M |
8季度趋势，按日历期对齐
经营现金流CFJELD
| Q4 25 | $539.0M | $32.8M | ||
| Q3 25 | $1.1B | $11.2M | ||
| Q2 25 | $563.0M | $34.6M | ||
| Q1 25 | $586.0M | $-83.5M | ||
| Q4 24 | $420.0M | $28.2M | ||
| Q3 24 | $931.0M | $37.6M | ||
| Q2 24 | $475.0M | $51.4M | ||
| Q1 24 | $445.0M | $-11.0M |
自由现金流CFJELD
| Q4 25 | $313.0M | $3.4M | ||
| Q3 25 | $717.0M | $-13.1M | ||
| Q2 25 | $318.0M | $5.3M | ||
| Q1 25 | $454.0M | $-120.3M | ||
| Q4 24 | $223.0M | $-23.9M | ||
| Q3 24 | $792.0M | $-4.3M | ||
| Q2 24 | $391.0M | $14.7M | ||
| Q1 24 | $347.0M | $-42.2M |
自由现金流率CFJELD
| Q4 25 | 16.7% | 0.4% | ||
| Q3 25 | 43.2% | -1.6% | ||
| Q2 25 | 16.8% | 0.6% | ||
| Q1 25 | 27.3% | -15.5% | ||
| Q4 24 | 14.6% | -2.7% | ||
| Q3 24 | 57.8% | -0.5% | ||
| Q2 24 | 24.9% | 1.5% | ||
| Q1 24 | 23.6% | -4.4% |
资本支出强度CFJELD
| Q4 25 | 12.1% | 3.7% | ||
| Q3 25 | 20.9% | 3.0% | ||
| Q2 25 | 13.0% | 3.6% | ||
| Q1 25 | 7.9% | 4.7% | ||
| Q4 24 | 12.9% | 5.8% | ||
| Q3 24 | 10.1% | 4.5% | ||
| Q2 24 | 5.3% | 3.7% | ||
| Q1 24 | 6.7% | 3.3% |
现金转化率CFJELD
| 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% |
JELD
| North America Segment | $522.0M | 65% |
| Europe Segment | $280.0M | 35% |
