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CF Industries（CF）与Koppers Holdings Inc.（KOP）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Koppers Holdings Inc.的4.3倍（$1.9B vs $432.7M）。CF Industries净利率更高（26.4% vs 6.9%，领先19.6%）。CF Industries同比增速更快（22.8% vs -9.3%）。CF Industries自由现金流更多（$313.0M vs $28.5M）。过去两年CF Industries的营收复合增速更高（12.8% vs -6.7%）
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。
科佩斯控股是一家全球性化工与材料企业，总部位于美国宾夕法尼亚州匹兹堡，入驻建于1920年代的装饰艺术风格摩天大楼科佩斯大厦，在全球范围内开展相关业务经营。
CF vs KOP — 直观对比
营收规模更大
CF
是对方的4.3倍
$432.7M
营收增速更快
CF
高出32.1%
-9.3%
净利率更高
CF
高出19.6%
6.9%
自由现金流更多
CF
多$284.5M
$28.5M
两年增速更快
CF
近两年复合增速
-6.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $432.7M |
| 净利润 | $495.0M | $29.7M |
| 毛利率 | 40.9% | 25.6% |
| 营业利润率 | 33.0% | 11.5% |
| 净利率 | 26.4% | 6.9% |
| 营收同比 | 22.8% | -9.3% |
| 净利润同比 | 26.3% | 391.2% |
| 每股收益（稀释后） | $2.56 | $1.44 |
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CFKOP
| Q4 25 | $1.9B | $432.7M | ||
| Q3 25 | $1.7B | $485.3M | ||
| Q2 25 | $1.9B | $504.8M | ||
| Q1 25 | $1.7B | $456.5M | ||
| Q4 24 | $1.5B | $477.0M | ||
| Q3 24 | $1.4B | $554.3M | ||
| Q2 24 | $1.6B | $563.2M | ||
| Q1 24 | $1.5B | $497.6M |
净利润CFKOP
| Q4 25 | $495.0M | $29.7M | ||
| Q3 25 | $460.0M | $23.8M | ||
| Q2 25 | $492.0M | $16.4M | ||
| Q1 25 | $351.0M | $-13.9M | ||
| Q4 24 | $392.0M | $-10.2M | ||
| Q3 24 | $341.0M | $22.8M | ||
| Q2 24 | $506.0M | $26.8M | ||
| Q1 24 | $238.0M | $13.0M |
毛利率CFKOP
| Q4 25 | 40.9% | 25.6% | ||
| Q3 25 | 38.1% | 24.1% | ||
| Q2 25 | 39.9% | 22.6% | ||
| Q1 25 | 34.4% | 23.2% | ||
| Q4 24 | 34.4% | 17.5% | ||
| Q3 24 | 32.4% | 21.9% | ||
| Q2 24 | 43.2% | 21.6% | ||
| Q1 24 | 27.8% | 19.3% |
营业利润率CFKOP
| Q4 25 | 33.0% | 11.5% | ||
| Q3 25 | 35.0% | 10.7% | ||
| Q2 25 | 34.3% | 7.7% | ||
| Q1 25 | 27.4% | 5.9% | ||
| Q4 24 | 28.9% | 1.3% | ||
| Q3 24 | 26.6% | 9.0% | ||
| Q2 24 | 40.6% | 10.2% | ||
| Q1 24 | 20.6% | 7.0% |
净利率CFKOP
| Q4 25 | 26.4% | 6.9% | ||
| Q3 25 | 27.7% | 4.9% | ||
| Q2 25 | 26.0% | 3.2% | ||
| Q1 25 | 21.1% | -3.0% | ||
| Q4 24 | 25.7% | -2.1% | ||
| Q3 24 | 24.9% | 4.1% | ||
| Q2 24 | 32.2% | 4.8% | ||
| Q1 24 | 16.2% | 2.6% |
每股收益（稀释后）CFKOP
| Q4 25 | $2.56 | $1.44 | ||
| Q3 25 | $2.19 | $1.17 | ||
| Q2 25 | $2.37 | $0.81 | ||
| Q1 25 | $1.85 | $-0.68 | ||
| Q4 24 | $1.86 | $-0.47 | ||
| Q3 24 | $1.55 | $1.09 | ||
| Q2 24 | $2.30 | $1.25 | ||
| Q1 24 | $1.03 | $0.59 |
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 | $928.3M |
| 股东权益账面价值 | $4.8B | $574.0M |
| 总资产 | $14.1B | $1.9B |
| 负债/权益比越低杠杆越低 | 0.66× | 1.62× |
8季度趋势，按日历期对齐
总债务CFKOP
| Q4 25 | $3.2B | $928.3M | ||
| Q3 25 | $3.0B | $932.9M | ||
| Q2 25 | $3.0B | $977.5M | ||
| Q1 25 | $3.0B | $989.0M | ||
| Q4 24 | $3.0B | $939.5M | ||
| Q3 24 | $3.0B | $989.4M | ||
| Q2 24 | $3.0B | $1.0B | ||
| Q1 24 | $3.0B | $877.6M |
股东权益CFKOP
| Q4 25 | $4.8B | $574.0M | ||
| Q3 25 | $4.8B | $545.6M | ||
| Q2 25 | $5.0B | $526.8M | ||
| Q1 25 | $4.8B | $498.0M | ||
| Q4 24 | $5.0B | $488.7M | ||
| Q3 24 | $5.2B | $532.3M | ||
| Q2 24 | $5.5B | $509.2M | ||
| Q1 24 | $5.4B | $505.8M |
总资产CFKOP
| Q4 25 | $14.1B | $1.9B | ||
| Q3 25 | $14.2B | $1.9B | ||
| Q2 25 | $13.8B | $1.9B | ||
| Q1 25 | $13.3B | $1.9B | ||
| Q4 24 | $13.5B | $1.9B | ||
| Q3 24 | $13.8B | $2.0B | ||
| Q2 24 | $13.8B | $1.9B | ||
| Q1 24 | $13.9B | $1.8B |
负债/权益比CFKOP
| Q4 25 | 0.66× | 1.62× | ||
| Q3 25 | 0.61× | 1.71× | ||
| Q2 25 | 0.60× | 1.86× | ||
| Q1 25 | 0.62× | 1.99× | ||
| Q4 24 | 0.60× | 1.92× | ||
| Q3 24 | 0.57× | 1.86× | ||
| Q2 24 | 0.54× | 1.97× | ||
| Q1 24 | 0.55× | 1.74× |
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 | $45.1M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $28.5M |
| 自由现金流率自由现金流/营收 | 16.7% | 6.6% |
| 资本支出强度资本支出/营收 | 12.1% | 3.8% |
| 现金转化率经营现金流/净利润 | 1.09× | 1.52× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $67.5M |
8季度趋势，按日历期对齐
经营现金流CFKOP
| Q4 25 | $539.0M | $45.1M | ||
| Q3 25 | $1.1B | $49.6M | ||
| Q2 25 | $563.0M | $50.5M | ||
| Q1 25 | $586.0M | $-22.7M | ||
| Q4 24 | $420.0M | $74.7M | ||
| Q3 24 | $931.0M | $29.8M | ||
| Q2 24 | $475.0M | $27.2M | ||
| Q1 24 | $445.0M | $-12.3M |
自由现金流CFKOP
| Q4 25 | $313.0M | $28.5M | ||
| Q3 25 | $717.0M | $37.6M | ||
| Q2 25 | $318.0M | $38.4M | ||
| Q1 25 | $454.0M | $-37.0M | ||
| Q4 24 | $223.0M | $56.1M | ||
| Q3 24 | $792.0M | $14.4M | ||
| Q2 24 | $391.0M | $10.1M | ||
| Q1 24 | $347.0M | $-38.6M |
自由现金流率CFKOP
| Q4 25 | 16.7% | 6.6% | ||
| Q3 25 | 43.2% | 7.7% | ||
| Q2 25 | 16.8% | 7.6% | ||
| Q1 25 | 27.3% | -8.1% | ||
| Q4 24 | 14.6% | 11.8% | ||
| Q3 24 | 57.8% | 2.6% | ||
| Q2 24 | 24.9% | 1.8% | ||
| Q1 24 | 23.6% | -7.8% |
资本支出强度CFKOP
| Q4 25 | 12.1% | 3.8% | ||
| Q3 25 | 20.9% | 2.5% | ||
| Q2 25 | 13.0% | 2.4% | ||
| Q1 25 | 7.9% | 3.1% | ||
| Q4 24 | 12.9% | 3.9% | ||
| Q3 24 | 10.1% | 2.8% | ||
| Q2 24 | 5.3% | 3.0% | ||
| Q1 24 | 6.7% | 5.3% |
现金转化率CFKOP
| Q4 25 | 1.09× | 1.52× | ||
| Q3 25 | 2.31× | 2.08× | ||
| Q2 25 | 1.14× | 3.08× | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | 1.31× | ||
| Q2 24 | 0.94× | 1.01× | ||
| Q1 24 | 1.87× | -0.95× |
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% |
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
