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CF Industries（CF）与KOHLS Corp（KSS）财务数据对比。点击上方公司名可切换其他公司
KOHLS Corp的季度营收约是CF Industries的1.9倍（$3.6B vs $1.9B），CF Industries净利率更高（26.4% vs 0.2%，领先26.2%），CF Industries同比增速更快（22.8% vs -3.6%），CF Industries自由现金流更多（$313.0M vs $16.0M），过去两年CF Industries的营收复合增速更高（12.8% vs -22.5%）
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。
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
CF vs KSS — 直观对比
营收规模更大
KSS
是对方的1.9倍
$1.9B
营收增速更快
CF
高出26.5%
-3.6%
净利率更高
CF
高出26.2%
0.2%
自由现金流更多
CF
多$297.0M
$16.0M
两年增速更快
CF
近两年复合增速
-22.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.6B |
| 净利润 | $495.0M | $8.0M |
| 毛利率 | 40.9% | 42.4% |
| 营业利润率 | 33.0% | 2.0% |
| 净利率 | 26.4% | 0.2% |
| 营收同比 | 22.8% | -3.6% |
| 净利润同比 | 26.3% | -63.6% |
| 每股收益（稀释后） | $2.56 | $0.07 |
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CFKSS
| Q4 25 | $1.9B | $3.6B | ||
| Q3 25 | $1.7B | $3.5B | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | $1.7B | $5.4B | ||
| Q4 24 | $1.5B | $3.7B | ||
| Q3 24 | $1.4B | $3.7B | ||
| Q2 24 | $1.6B | $3.4B | ||
| Q1 24 | $1.5B | $6.0B |
净利润CFKSS
| Q4 25 | $495.0M | $8.0M | ||
| Q3 25 | $460.0M | $153.0M | ||
| Q2 25 | $492.0M | $-15.0M | ||
| Q1 25 | $351.0M | $48.0M | ||
| Q4 24 | $392.0M | $22.0M | ||
| Q3 24 | $341.0M | $66.0M | ||
| Q2 24 | $506.0M | $-27.0M | ||
| Q1 24 | $238.0M | $186.0M |
毛利率CFKSS
| Q4 25 | 40.9% | 42.4% | ||
| Q3 25 | 38.1% | 43.3% | ||
| Q2 25 | 39.9% | 43.3% | ||
| Q1 25 | 34.4% | 35.6% | ||
| Q4 24 | 34.4% | 42.4% | ||
| Q3 24 | 32.4% | 43.0% | ||
| Q2 24 | 43.2% | 43.1% | ||
| Q1 24 | 27.8% | 35.2% |
营业利润率CFKSS
| Q4 25 | 33.0% | 2.0% | ||
| Q3 25 | 35.0% | 7.9% | ||
| Q2 25 | 34.3% | 1.9% | ||
| Q1 25 | 27.4% | 2.3% | ||
| Q4 24 | 28.9% | 2.6% | ||
| Q3 24 | 26.6% | 4.4% | ||
| Q2 24 | 40.6% | 1.3% | ||
| Q1 24 | 20.6% | 5.0% |
净利率CFKSS
| Q4 25 | 26.4% | 0.2% | ||
| Q3 25 | 27.7% | 4.3% | ||
| Q2 25 | 26.0% | -0.5% | ||
| Q1 25 | 21.1% | 0.9% | ||
| Q4 24 | 25.7% | 0.6% | ||
| Q3 24 | 24.9% | 1.8% | ||
| Q2 24 | 32.2% | -0.8% | ||
| Q1 24 | 16.2% | 3.1% |
每股收益（稀释后）CFKSS
| Q4 25 | $2.56 | $0.07 | ||
| Q3 25 | $2.19 | $1.35 | ||
| Q2 25 | $2.37 | $-0.13 | ||
| Q1 25 | $1.85 | $0.43 | ||
| Q4 24 | $1.86 | $0.20 | ||
| Q3 24 | $1.55 | $0.59 | ||
| Q2 24 | $2.30 | $-0.24 | ||
| Q1 24 | $1.03 | $1.67 |
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 | — | $144.0M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $4.8B | $3.9B |
| 总资产 | $14.1B | $14.1B |
| 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CFKSS
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | $174.0M | ||
| Q2 25 | — | $153.0M | ||
| Q1 25 | — | $134.0M | ||
| Q4 24 | — | $174.0M | ||
| Q3 24 | — | $231.0M | ||
| Q2 24 | — | $228.0M | ||
| Q1 24 | — | $183.0M |
总债务CFKSS
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
股东权益CFKSS
| Q4 25 | $4.8B | $3.9B | ||
| Q3 25 | $4.8B | $3.9B | ||
| Q2 25 | $5.0B | $3.8B | ||
| Q1 25 | $4.8B | $3.8B | ||
| Q4 24 | $5.0B | $3.8B | ||
| Q3 24 | $5.2B | $3.8B | ||
| Q2 24 | $5.5B | $3.8B | ||
| Q1 24 | $5.4B | $3.9B |
总资产CFKSS
| Q4 25 | $14.1B | $14.1B | ||
| Q3 25 | $14.2B | $13.4B | ||
| Q2 25 | $13.8B | $13.6B | ||
| Q1 25 | $13.3B | $13.6B | ||
| Q4 24 | $13.5B | $15.1B | ||
| Q3 24 | $13.8B | $14.2B | ||
| Q2 24 | $13.8B | $14.3B | ||
| Q1 24 | $13.9B | $14.0B |
负债/权益比CFKSS
| 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 | $124.0M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $16.0M |
| 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% | 3.0% |
| 现金转化率经营现金流/净利润 | 1.09× | 15.50× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $819.0M |
8季度趋势，按日历期对齐
经营现金流CFKSS
| Q4 25 | $539.0M | $124.0M | ||
| Q3 25 | $1.1B | $598.0M | ||
| Q2 25 | $563.0M | $-92.0M | ||
| Q1 25 | $586.0M | $596.0M | ||
| Q4 24 | $420.0M | $-195.0M | ||
| Q3 24 | $931.0M | $254.0M | ||
| Q2 24 | $475.0M | $-7.0M | ||
| Q1 24 | $445.0M | $789.0M |
自由现金流CFKSS
| Q4 25 | $313.0M | $16.0M | ||
| Q3 25 | $717.0M | $508.0M | ||
| Q2 25 | $318.0M | $-202.0M | ||
| Q1 25 | $454.0M | $497.0M | ||
| Q4 24 | $223.0M | $-323.0M | ||
| Q3 24 | $792.0M | $141.0M | ||
| Q2 24 | $391.0M | $-133.0M | ||
| Q1 24 | $347.0M | $707.0M |
自由现金流率CFKSS
| Q4 25 | 16.7% | 0.4% | ||
| Q3 25 | 43.2% | 14.3% | ||
| Q2 25 | 16.8% | -6.2% | ||
| Q1 25 | 27.3% | 9.2% | ||
| Q4 24 | 14.6% | -8.7% | ||
| Q3 24 | 57.8% | 3.8% | ||
| Q2 24 | 24.9% | -3.9% | ||
| Q1 24 | 23.6% | 11.9% |
资本支出强度CFKSS
| Q4 25 | 12.1% | 3.0% | ||
| Q3 25 | 20.9% | 2.5% | ||
| Q2 25 | 13.0% | 3.4% | ||
| Q1 25 | 7.9% | 1.8% | ||
| Q4 24 | 12.9% | 3.5% | ||
| Q3 24 | 10.1% | 3.0% | ||
| Q2 24 | 5.3% | 3.7% | ||
| Q1 24 | 6.7% | 1.4% |
现金转化率CFKSS
| Q4 25 | 1.09× | 15.50× | ||
| Q3 25 | 2.31× | 3.91× | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | 12.42× | ||
| Q4 24 | 1.07× | -8.86× | ||
| Q3 24 | 2.73× | 3.85× | ||
| Q2 24 | 0.94× | — | ||
| Q1 24 | 1.87× | 4.24× |
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% |
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
