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CF Industries（CF）与Legacy Housing Corp（LEGH）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Legacy Housing Corp的73.5倍（$1.9B vs $25.5M）。Legacy Housing Corp净利率更高（32.2% vs 26.4%，领先5.7%）。CF Industries同比增速更快（22.8% vs -30.6%）。CF Industries自由现金流更多（$313.0M vs $15.7M）。过去两年CF Industries的营收复合增速更高（12.8% vs -9.1%）
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。
Legacy Housing Corp是美国知名的经济型预制住宅、微型住宅及配套居住单元制造商，主要面向北美中低收入消费群体，提供可定制住房解决方案、配套建材及相关售后服务，服务个人及社区开发类客户。
CF vs LEGH — 直观对比
营收规模更大
CF
是对方的73.5倍
$25.5M
营收增速更快
CF
高出53.4%
-30.6%
净利率更高
LEGH
高出5.7%
26.4%
自由现金流更多
CF
多$297.3M
$15.7M
两年增速更快
CF
近两年复合增速
-9.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $25.5M |
| 净利润 | $495.0M | $8.2M |
| 毛利率 | 40.9% | 26.4% |
| 营业利润率 | 33.0% | 40.4% |
| 净利率 | 26.4% | 32.2% |
| 营收同比 | 22.8% | -30.6% |
| 净利润同比 | 26.3% | -43.5% |
| 每股收益（稀释后） | $2.56 | $0.38 |
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CFLEGH
| Q4 25 | $1.9B | $25.5M | ||
| Q3 25 | $1.7B | $28.8M | ||
| Q2 25 | $1.9B | $38.4M | ||
| Q1 25 | $1.7B | $24.3M | ||
| Q4 24 | $1.5B | $36.7M | ||
| Q3 24 | $1.4B | $30.2M | ||
| Q2 24 | $1.6B | $31.7M | ||
| Q1 24 | $1.5B | $30.8M |
净利润CFLEGH
| Q4 25 | $495.0M | $8.2M | ||
| Q3 25 | $460.0M | $8.6M | ||
| Q2 25 | $492.0M | $14.7M | ||
| Q1 25 | $351.0M | $10.3M | ||
| Q4 24 | $392.0M | $14.5M | ||
| Q3 24 | $341.0M | $15.8M | ||
| Q2 24 | $506.0M | $16.2M | ||
| Q1 24 | $238.0M | $15.1M |
毛利率CFLEGH
| Q4 25 | 40.9% | 26.4% | ||
| Q3 25 | 38.1% | 20.2% | ||
| Q2 25 | 39.9% | 32.4% | ||
| Q1 25 | 34.4% | 29.2% | ||
| Q4 24 | 34.4% | 27.3% | ||
| Q3 24 | 32.4% | 29.2% | ||
| Q2 24 | 43.2% | 31.9% | ||
| Q1 24 | 27.8% | 33.6% |
营业利润率CFLEGH
| Q4 25 | 33.0% | 40.4% | ||
| Q3 25 | 35.0% | 33.7% | ||
| Q2 25 | 34.3% | 43.8% | ||
| Q1 25 | 27.4% | 47.7% | ||
| Q4 24 | 28.9% | 42.3% | ||
| Q3 24 | 26.6% | 50.8% | ||
| Q2 24 | 40.6% | 50.6% | ||
| Q1 24 | 20.6% | 54.3% |
净利率CFLEGH
| Q4 25 | 26.4% | 32.2% | ||
| Q3 25 | 27.7% | 30.0% | ||
| Q2 25 | 26.0% | 38.3% | ||
| Q1 25 | 21.1% | 42.3% | ||
| Q4 24 | 25.7% | 39.5% | ||
| Q3 24 | 24.9% | 52.4% | ||
| Q2 24 | 32.2% | 51.1% | ||
| Q1 24 | 16.2% | 49.1% |
每股收益（稀释后）CFLEGH
| Q4 25 | $2.56 | $0.38 | ||
| Q3 25 | $2.19 | $0.35 | ||
| Q2 25 | $2.37 | $0.60 | ||
| Q1 25 | $1.85 | $0.41 | ||
| Q4 24 | $1.86 | $0.59 | ||
| Q3 24 | $1.55 | $0.64 | ||
| Q2 24 | $2.30 | $0.65 | ||
| Q1 24 | $1.03 | $0.60 |
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 | — | $8.5M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $4.8B | $528.6M |
| 总资产 | $14.1B | $580.3M |
| 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CFLEGH
| Q4 25 | — | $8.5M | ||
| Q3 25 | — | $13.6M | ||
| Q2 25 | — | $2.6M | ||
| Q1 25 | — | $3.4M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | — | $570.0K | ||
| Q2 24 | — | $60.0K | ||
| Q1 24 | — | $621.0K |
总债务CFLEGH
| 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CFLEGH
| Q4 25 | $4.8B | $528.6M | ||
| Q3 25 | $4.8B | $521.6M | ||
| Q2 25 | $5.0B | $512.8M | ||
| Q1 25 | $4.8B | $503.7M | ||
| Q4 24 | $5.0B | $494.0M | ||
| Q3 24 | $5.2B | $479.3M | ||
| Q2 24 | $5.5B | $463.2M | ||
| Q1 24 | $5.4B | $450.4M |
总资产CFLEGH
| Q4 25 | $14.1B | $580.3M | ||
| Q3 25 | $14.2B | $557.9M | ||
| Q2 25 | $13.8B | $552.0M | ||
| Q1 25 | $13.3B | $544.6M | ||
| Q4 24 | $13.5B | $534.2M | ||
| Q3 24 | $13.8B | $521.4M | ||
| Q2 24 | $13.8B | $514.9M | ||
| Q1 24 | $13.9B | $510.0M |
负债/权益比CFLEGH
| 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 | $19.0M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $15.7M |
| 自由现金流率自由现金流/营收 | 16.7% | 61.6% |
| 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× | 2.32× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $28.2M |
8季度趋势，按日历期对齐
经营现金流CFLEGH
| Q4 25 | $539.0M | $19.0M | ||
| Q3 25 | $1.1B | $7.2M | ||
| Q2 25 | $563.0M | $6.1M | ||
| Q1 25 | $586.0M | $4.9M | ||
| Q4 24 | $420.0M | $7.9M | ||
| Q3 24 | $931.0M | $13.8M | ||
| Q2 24 | $475.0M | $3.5M | ||
| Q1 24 | $445.0M | $10.8M |
自由现金流CFLEGH
| Q4 25 | $313.0M | $15.7M | ||
| Q3 25 | $717.0M | $5.1M | ||
| Q2 25 | $318.0M | $3.7M | ||
| Q1 25 | $454.0M | $3.6M | ||
| Q4 24 | $223.0M | $6.0M | ||
| Q3 24 | $792.0M | $9.1M | ||
| Q2 24 | $391.0M | $1.7M | ||
| Q1 24 | $347.0M | $9.9M |
自由现金流率CFLEGH
| Q4 25 | 16.7% | 61.6% | ||
| Q3 25 | 43.2% | 17.8% | ||
| Q2 25 | 16.8% | 9.6% | ||
| Q1 25 | 27.3% | 15.0% | ||
| Q4 24 | 14.6% | 16.4% | ||
| Q3 24 | 57.8% | 30.2% | ||
| Q2 24 | 24.9% | 5.4% | ||
| Q1 24 | 23.6% | 32.2% |
资本支出强度CFLEGH
| Q4 25 | 12.1% | 13.1% | ||
| Q3 25 | 20.9% | 7.1% | ||
| Q2 25 | 13.0% | 6.2% | ||
| Q1 25 | 7.9% | 5.2% | ||
| Q4 24 | 12.9% | 5.1% | ||
| Q3 24 | 10.1% | 15.6% | ||
| Q2 24 | 5.3% | 5.5% | ||
| Q1 24 | 6.7% | 2.8% |
现金转化率CFLEGH
| Q4 25 | 1.09× | 2.32× | ||
| Q3 25 | 2.31× | 0.83× | ||
| Q2 25 | 1.14× | 0.41× | ||
| Q1 25 | 1.67× | 0.48× | ||
| Q4 24 | 1.07× | 0.54× | ||
| Q3 24 | 2.73× | 0.88× | ||
| Q2 24 | 0.94× | 0.21× | ||
| Q1 24 | 1.87× | 0.71× |
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% |
LEGH
| Commercial Sales | $8.6M | 34% |
| Retail Store Sales | $6.0M | 24% |
| Inventory Finance Sales | $5.0M | 20% |
| Direct Sales | $4.4M | 17% |
| Other | $1.5M | 6% |
