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CF Industries（CF）与Liberty Energy Inc.（LBRT）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Liberty Energy Inc.的1.8倍（$1.9B vs $1.0B），CF Industries净利率更高（26.4% vs 2.2%，领先24.2%），CF Industries同比增速更快（22.8% vs 4.5%），过去两年CF Industries的营收复合增速更高（12.8% vs -6.2%）
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。
Liberty Energy Inc.是北美领先的能源服务供应商，专注为油气运营企业提供水力压裂及完井解决方案，服务覆盖美国主要页岩产区，供应低排放作业设备及定制化支持，帮助提升油气井生产效率。
CF vs LBRT — 直观对比
营收规模更大
CF
是对方的1.8倍
$1.0B
营收增速更快
CF
高出18.4%
4.5%
净利率更高
CF
高出24.2%
2.2%
两年增速更快
CF
近两年复合增速
-6.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.0B |
| 净利润 | $495.0M | $22.6M |
| 毛利率 | 40.9% | — |
| 营业利润率 | 33.0% | 2.2% |
| 净利率 | 26.4% | 2.2% |
| 营收同比 | 22.8% | 4.5% |
| 净利润同比 | 26.3% | — |
| 每股收益（稀释后） | $2.56 | $0.14 |
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CFLBRT
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $1.7B | $947.4M | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $1.7B | $977.5M | ||
| Q4 24 | $1.5B | $943.6M | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.6B | $1.2B |
净利润CFLBRT
| Q1 26 | — | $22.6M | ||
| Q4 25 | $495.0M | $13.7M | ||
| Q3 25 | $460.0M | $43.1M | ||
| Q2 25 | $492.0M | $71.0M | ||
| Q1 25 | $351.0M | $20.1M | ||
| Q4 24 | $392.0M | $51.9M | ||
| Q3 24 | $341.0M | $73.8M | ||
| Q2 24 | $506.0M | $108.4M |
毛利率CFLBRT
| Q1 26 | — | — | ||
| Q4 25 | 40.9% | 20.6% | ||
| Q3 25 | 38.1% | 18.7% | ||
| Q2 25 | 39.9% | 22.1% | ||
| Q1 25 | 34.4% | 22.1% | ||
| Q4 24 | 34.4% | 21.4% | ||
| Q3 24 | 32.4% | 26.2% | ||
| Q2 24 | 43.2% | 27.9% |
营业利润率CFLBRT
| Q1 26 | — | 2.2% | ||
| Q4 25 | 33.0% | 1.9% | ||
| Q3 25 | 35.0% | -0.3% | ||
| Q2 25 | 34.3% | 3.6% | ||
| Q1 25 | 27.4% | 1.9% | ||
| Q4 24 | 28.9% | 2.6% | ||
| Q3 24 | 26.6% | 9.4% | ||
| Q2 24 | 40.6% | 12.2% |
净利率CFLBRT
| Q1 26 | — | 2.2% | ||
| Q4 25 | 26.4% | 1.3% | ||
| Q3 25 | 27.7% | 4.5% | ||
| Q2 25 | 26.0% | 6.8% | ||
| Q1 25 | 21.1% | 2.1% | ||
| Q4 24 | 25.7% | 5.5% | ||
| Q3 24 | 24.9% | 6.5% | ||
| Q2 24 | 32.2% | 9.3% |
每股收益（稀释后）CFLBRT
| Q1 26 | — | $0.14 | ||
| Q4 25 | $2.56 | $0.08 | ||
| Q3 25 | $2.19 | $0.26 | ||
| Q2 25 | $2.37 | $0.43 | ||
| Q1 25 | $1.85 | $0.12 | ||
| Q4 24 | $1.86 | $0.31 | ||
| Q3 24 | $1.55 | $0.44 | ||
| Q2 24 | $2.30 | $0.64 |
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 | — | $699.1M |
| 总债务越低越好 | $3.2B | $7.1M |
| 股东权益账面价值 | $4.8B | $1.9B |
| 总资产 | $14.1B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.66× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CFLBRT
| Q1 26 | — | $699.1M | ||
| Q4 25 | — | $27.6M | ||
| Q3 25 | — | $13.5M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | — | $24.1M | ||
| Q4 24 | — | $20.0M | ||
| Q3 24 | — | $23.0M | ||
| Q2 24 | — | $30.0M |
总债务CFLBRT
| Q1 26 | — | $7.1M | ||
| Q4 25 | $3.2B | $246.6M | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $190.5M | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — |
股东权益CFLBRT
| Q1 26 | — | $1.9B | ||
| Q4 25 | $4.8B | $2.1B | ||
| Q3 25 | $4.8B | $2.1B | ||
| Q2 25 | $5.0B | $2.0B | ||
| Q1 25 | $4.8B | $2.0B | ||
| Q4 24 | $5.0B | $2.0B | ||
| Q3 24 | $5.2B | $2.0B | ||
| Q2 24 | $5.5B | $1.9B |
总资产CFLBRT
| Q1 26 | — | $4.4B | ||
| Q4 25 | $14.1B | $3.6B | ||
| Q3 25 | $14.2B | $3.5B | ||
| Q2 25 | $13.8B | $3.4B | ||
| Q1 25 | $13.3B | $3.4B | ||
| Q4 24 | $13.5B | $3.3B | ||
| Q3 24 | $13.8B | $3.3B | ||
| Q2 24 | $13.8B | $3.2B |
负债/权益比CFLBRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.66× | 0.12× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.60× | 0.10× | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | 0.54× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $313.0M | — |
| 自由现金流率自由现金流/营收 | 16.7% | — |
| 资本支出强度资本支出/营收 | 12.1% | 13.1% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CFLBRT
| Q1 26 | — | — | ||
| Q4 25 | $539.0M | $195.4M | ||
| Q3 25 | $1.1B | $51.5M | ||
| Q2 25 | $563.0M | $170.6M | ||
| Q1 25 | $586.0M | $192.1M | ||
| Q4 24 | $420.0M | $177.3M | ||
| Q3 24 | $931.0M | $244.5M | ||
| Q2 24 | $475.0M | $248.2M |
自由现金流CFLBRT
| Q1 26 | — | — | ||
| Q4 25 | $313.0M | $-10.0M | ||
| Q3 25 | $717.0M | $-67.2M | ||
| Q2 25 | $318.0M | $33.1M | ||
| Q1 25 | $454.0M | $58.2M | ||
| Q4 24 | $223.0M | $-26.2M | ||
| Q3 24 | $792.0M | $77.9M | ||
| Q2 24 | $391.0M | $112.2M |
自由现金流率CFLBRT
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | -1.0% | ||
| Q3 25 | 43.2% | -7.1% | ||
| Q2 25 | 16.8% | 3.2% | ||
| Q1 25 | 27.3% | 6.0% | ||
| Q4 24 | 14.6% | -2.8% | ||
| Q3 24 | 57.8% | 6.8% | ||
| Q2 24 | 24.9% | 9.7% |
资本支出强度CFLBRT
| Q1 26 | — | 13.1% | ||
| Q4 25 | 12.1% | 19.8% | ||
| Q3 25 | 20.9% | 12.5% | ||
| Q2 25 | 13.0% | 13.2% | ||
| Q1 25 | 7.9% | 13.7% | ||
| Q4 24 | 12.9% | 21.6% | ||
| Q3 24 | 10.1% | 14.6% | ||
| Q2 24 | 5.3% | 11.7% |
现金转化率CFLBRT
| Q1 26 | — | — | ||
| Q4 25 | 1.09× | 14.28× | ||
| Q3 25 | 2.31× | 1.20× | ||
| Q2 25 | 1.14× | 2.40× | ||
| Q1 25 | 1.67× | 9.55× | ||
| Q4 24 | 1.07× | 3.42× | ||
| Q3 24 | 2.73× | 3.31× | ||
| Q2 24 | 0.94× | 2.29× |
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% |
LBRT
暂无分部数据
