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CF Industries（CF）与LANDSTAR SYSTEM INC（LSTR）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LANDSTAR SYSTEM INC的1.6倍（$1.9B vs $1.2B），CF Industries净利率更高（26.4% vs 3.4%，领先23.1%），CF Industries同比增速更快（22.8% vs 1.6%），过去两年CF Industries的营收复合增速更高（12.8% vs -2.2%）
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。
Landstar System Inc.是美国专业运输服务企业，主营第三方物流业务，依托由超8800名独立自营车主、1000余名独立货运代理人、7万余家合规认证承运商组成的庞大网络，服务主要覆盖美国全境，同时提供加拿大境内及美加、美墨跨境物流服务。
CF vs LSTR — 直观对比
营收规模更大
CF
是对方的1.6倍
$1.2B
营收增速更快
CF
高出21.2%
1.6%
净利率更高
CF
高出23.1%
3.4%
两年增速更快
CF
近两年复合增速
-2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.2B |
| 净利润 | $495.0M | $39.4M |
| 毛利率 | 40.9% | 9.6% |
| 营业利润率 | 33.0% | 4.5% |
| 净利率 | 26.4% | 3.4% |
| 营收同比 | 22.8% | 1.6% |
| 净利润同比 | 26.3% | 32.3% |
| 每股收益（稀释后） | $2.56 | $1.16 |
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CFLSTR
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.7B | $1.2B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B |
净利润CFLSTR
| Q1 26 | — | $39.4M | ||
| Q4 25 | $495.0M | $23.9M | ||
| Q3 25 | $460.0M | $19.4M | ||
| Q2 25 | $492.0M | $41.9M | ||
| Q1 25 | $351.0M | $29.8M | ||
| Q4 24 | $392.0M | $46.2M | ||
| Q3 24 | $341.0M | $50.0M | ||
| Q2 24 | $506.0M | $52.6M |
毛利率CFLSTR
| Q1 26 | — | 9.6% | ||
| Q4 25 | 40.9% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 39.9% | — | ||
| Q1 25 | 34.4% | — | ||
| Q4 24 | 34.4% | — | ||
| Q3 24 | 32.4% | — | ||
| Q2 24 | 43.2% | — |
营业利润率CFLSTR
| Q1 26 | — | 4.5% | ||
| Q4 25 | 33.0% | 2.5% | ||
| Q3 25 | 35.0% | 2.2% | ||
| Q2 25 | 34.3% | 4.6% | ||
| Q1 25 | 27.4% | 3.4% | ||
| Q4 24 | 28.9% | 4.8% | ||
| Q3 24 | 26.6% | 5.2% | ||
| Q2 24 | 40.6% | 5.6% |
净利率CFLSTR
| Q1 26 | — | 3.4% | ||
| Q4 25 | 26.4% | 2.0% | ||
| Q3 25 | 27.7% | 1.6% | ||
| Q2 25 | 26.0% | 3.5% | ||
| Q1 25 | 21.1% | 2.6% | ||
| Q4 24 | 25.7% | 3.8% | ||
| Q3 24 | 24.9% | 4.1% | ||
| Q2 24 | 32.2% | 4.3% |
每股收益（稀释后）CFLSTR
| Q1 26 | — | $1.16 | ||
| Q4 25 | $2.56 | $0.70 | ||
| Q3 25 | $2.19 | $0.56 | ||
| Q2 25 | $2.37 | $1.20 | ||
| Q1 25 | $1.85 | $0.85 | ||
| Q4 24 | $1.86 | $1.30 | ||
| Q3 24 | $1.55 | $1.41 | ||
| Q2 24 | $2.30 | $1.48 |
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 | — | $411.0M |
| 总债务越低越好 | $3.2B | $26.1M |
| 股东权益账面价值 | $4.8B | $799.0M |
| 总资产 | $14.1B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.66× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资CFLSTR
| Q1 26 | — | $411.0M | ||
| Q4 25 | — | $452.2M | ||
| Q3 25 | — | $434.4M | ||
| Q2 25 | — | $426.2M | ||
| Q1 25 | — | $473.4M | ||
| Q4 24 | — | $566.6M | ||
| Q3 24 | — | $531.3M | ||
| Q2 24 | — | $504.0M |
总债务CFLSTR
| Q1 26 | — | $26.1M | ||
| Q4 25 | $3.2B | $0 | ||
| Q3 25 | $3.0B | $0 | ||
| Q2 25 | $3.0B | $0 | ||
| Q1 25 | $3.0B | $0 | ||
| Q4 24 | $3.0B | $0 | ||
| Q3 24 | $3.0B | $0 | ||
| Q2 24 | $3.0B | $0 |
股东权益CFLSTR
| Q1 26 | — | $799.0M | ||
| Q4 25 | $4.8B | $795.7M | ||
| Q3 25 | $4.8B | $888.7M | ||
| Q2 25 | $5.0B | $921.8M | ||
| Q1 25 | $4.8B | $930.8M | ||
| Q4 24 | $5.0B | $972.4M | ||
| Q3 24 | $5.2B | $1.0B | ||
| Q2 24 | $5.5B | $1.0B |
总资产CFLSTR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $14.1B | $1.6B | ||
| Q3 25 | $14.2B | $1.7B | ||
| Q2 25 | $13.8B | $1.7B | ||
| Q1 25 | $13.3B | $1.7B | ||
| Q4 24 | $13.5B | $1.8B | ||
| Q3 24 | $13.8B | $1.8B | ||
| Q2 24 | $13.8B | $1.8B |
负债/权益比CFLSTR
| Q1 26 | — | 0.03× | ||
| Q4 25 | 0.66× | 0.00× | ||
| Q3 25 | 0.61× | 0.00× | ||
| Q2 25 | 0.60× | 0.00× | ||
| Q1 25 | 0.62× | 0.00× | ||
| Q4 24 | 0.60× | 0.00× | ||
| Q3 24 | 0.57× | 0.00× | ||
| Q2 24 | 0.54× | 0.00× |
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% | — |
| 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CFLSTR
| Q1 26 | — | — | ||
| Q4 25 | $539.0M | $72.7M | ||
| Q3 25 | $1.1B | $89.3M | ||
| Q2 25 | $563.0M | $7.1M | ||
| Q1 25 | $586.0M | $55.7M | ||
| Q4 24 | $420.0M | $61.1M | ||
| Q3 24 | $931.0M | $83.1M | ||
| Q2 24 | $475.0M | $48.1M |
自由现金流CFLSTR
| Q1 26 | — | — | ||
| Q4 25 | $313.0M | $70.5M | ||
| Q3 25 | $717.0M | $86.0M | ||
| Q2 25 | $318.0M | $4.7M | ||
| Q1 25 | $454.0M | $53.8M | ||
| Q4 24 | $223.0M | $54.4M | ||
| Q3 24 | $792.0M | $75.6M | ||
| Q2 24 | $391.0M | $40.6M |
自由现金流率CFLSTR
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | 6.0% | ||
| Q3 25 | 43.2% | 7.1% | ||
| Q2 25 | 16.8% | 0.4% | ||
| Q1 25 | 27.3% | 4.7% | ||
| Q4 24 | 14.6% | 4.5% | ||
| Q3 24 | 57.8% | 6.2% | ||
| Q2 24 | 24.9% | 3.3% |
资本支出强度CFLSTR
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 0.2% | ||
| Q3 25 | 20.9% | 0.3% | ||
| Q2 25 | 13.0% | 0.2% | ||
| Q1 25 | 7.9% | 0.2% | ||
| Q4 24 | 12.9% | 0.6% | ||
| Q3 24 | 10.1% | 0.6% | ||
| Q2 24 | 5.3% | 0.6% |
现金转化率CFLSTR
| Q1 26 | — | — | ||
| Q4 25 | 1.09× | 3.04× | ||
| Q3 25 | 2.31× | 4.61× | ||
| Q2 25 | 1.14× | 0.17× | ||
| Q1 25 | 1.67× | 1.87× | ||
| Q4 24 | 1.07× | 1.32× | ||
| Q3 24 | 2.73× | 1.66× | ||
| Q2 24 | 0.94× | 0.91× |
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% |
LSTR
暂无分部数据
