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CF Industries（CF）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是CF Industries的1.0倍（$1.9B vs $1.9B），CF Industries净利率更高（26.4% vs 11.9%，领先14.6%），CF Industries同比增速更快（22.8% vs 6.5%），过去两年CF Industries的营收复合增速更高（12.8% vs -4.2%）
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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
CF vs MAS — 直观对比
营收规模更大
MAS
是对方的1.0倍
$1.9B
营收增速更快
CF
高出16.3%
6.5%
净利率更高
CF
高出14.6%
11.9%
两年增速更快
CF
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.9B |
| 净利润 | $495.0M | $228.0M |
| 毛利率 | 40.9% | 35.8% |
| 营业利润率 | 33.0% | 16.5% |
| 净利率 | 26.4% | 11.9% |
| 营收同比 | 22.8% | 6.5% |
| 净利润同比 | 26.3% | 14.5% |
| 每股收益（稀释后） | $2.56 | — |
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CFMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.7B | $1.9B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | $1.7B | $1.8B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.6B | $2.1B |
净利润CFMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $495.0M | $165.0M | ||
| Q3 25 | $460.0M | $189.0M | ||
| Q2 25 | $492.0M | $270.0M | ||
| Q1 25 | $351.0M | $186.0M | ||
| Q4 24 | $392.0M | $182.0M | ||
| Q3 24 | $341.0M | $167.0M | ||
| Q2 24 | $506.0M | $258.0M |
毛利率CFMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | 40.9% | 33.9% | ||
| Q3 25 | 38.1% | 34.2% | ||
| Q2 25 | 39.9% | 37.6% | ||
| Q1 25 | 34.4% | 35.8% | ||
| Q4 24 | 34.4% | 34.8% | ||
| Q3 24 | 32.4% | 36.6% | ||
| Q2 24 | 43.2% | 37.5% |
营业利润率CFMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | 33.0% | 13.8% | ||
| Q3 25 | 35.0% | 15.8% | ||
| Q2 25 | 34.3% | 20.1% | ||
| Q1 25 | 27.4% | 15.9% | ||
| Q4 24 | 28.9% | 15.9% | ||
| Q3 24 | 26.6% | 18.0% | ||
| Q2 24 | 40.6% | 19.0% |
净利率CFMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 26.4% | 9.2% | ||
| Q3 25 | 27.7% | 9.9% | ||
| Q2 25 | 26.0% | 13.2% | ||
| Q1 25 | 21.1% | 10.3% | ||
| Q4 24 | 25.7% | 10.0% | ||
| Q3 24 | 24.9% | 8.4% | ||
| Q2 24 | 32.2% | 12.3% |
每股收益（稀释后）CFMAS
| Q1 26 | — | — | ||
| Q4 25 | $2.56 | $0.81 | ||
| Q3 25 | $2.19 | $0.90 | ||
| Q2 25 | $2.37 | $1.28 | ||
| Q1 25 | $1.85 | $0.87 | ||
| Q4 24 | $1.86 | $0.85 | ||
| Q3 24 | $1.55 | $0.77 | ||
| Q2 24 | $2.30 | $1.17 |
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 | $2.9B |
| 股东权益账面价值 | $4.8B | $27.0M |
| 总资产 | $14.1B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.66× | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资CFMAS
| Q1 26 | — | — | ||
| Q4 25 | — | $647.0M | ||
| Q3 25 | — | $559.0M | ||
| Q2 25 | — | $390.0M | ||
| Q1 25 | — | $377.0M | ||
| Q4 24 | — | $634.0M | ||
| Q3 24 | — | $646.0M | ||
| Q2 24 | — | $398.0M |
总债务CFMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $3.2B | $2.9B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $2.9B | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — |
股东权益CFMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $4.8B | $-185.0M | ||
| Q3 25 | $4.8B | $-78.0M | ||
| Q2 25 | $5.0B | $-84.0M | ||
| Q1 25 | $4.8B | $-254.0M | ||
| Q4 24 | $5.0B | $-279.0M | ||
| Q3 24 | $5.2B | $-88.0M | ||
| Q2 24 | $5.5B | $-26.0M |
总资产CFMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $14.1B | $5.2B | ||
| Q3 25 | $14.2B | $5.3B | ||
| Q2 25 | $13.8B | $5.3B | ||
| Q1 25 | $13.3B | $5.1B | ||
| Q4 24 | $13.5B | $5.0B | ||
| Q3 24 | $13.8B | $5.3B | ||
| Q2 24 | $13.8B | $5.4B |
负债/权益比CFMAS
| Q1 26 | — | 109.07× | ||
| 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× | — |
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% | 1.8% |
| 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CFMAS
| Q1 26 | — | — | ||
| Q4 25 | $539.0M | $418.0M | ||
| Q3 25 | $1.1B | $456.0M | ||
| Q2 25 | $563.0M | $306.0M | ||
| Q1 25 | $586.0M | $-158.0M | ||
| Q4 24 | $420.0M | $407.0M | ||
| Q3 24 | $931.0M | $416.0M | ||
| Q2 24 | $475.0M | $346.0M |
自由现金流CFMAS
| Q1 26 | — | — | ||
| Q4 25 | $313.0M | $371.0M | ||
| Q3 25 | $717.0M | $415.0M | ||
| Q2 25 | $318.0M | $270.0M | ||
| Q1 25 | $454.0M | $-190.0M | ||
| Q4 24 | $223.0M | $351.0M | ||
| Q3 24 | $792.0M | $378.0M | ||
| Q2 24 | $391.0M | $303.0M |
自由现金流率CFMAS
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | 20.7% | ||
| Q3 25 | 43.2% | 21.6% | ||
| Q2 25 | 16.8% | 13.2% | ||
| Q1 25 | 27.3% | -10.5% | ||
| Q4 24 | 14.6% | 19.2% | ||
| Q3 24 | 57.8% | 19.1% | ||
| Q2 24 | 24.9% | 14.5% |
资本支出强度CFMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | 12.1% | 2.6% | ||
| Q3 25 | 20.9% | 2.1% | ||
| Q2 25 | 13.0% | 1.8% | ||
| Q1 25 | 7.9% | 1.8% | ||
| Q4 24 | 12.9% | 3.1% | ||
| Q3 24 | 10.1% | 1.9% | ||
| Q2 24 | 5.3% | 2.1% |
现金转化率CFMAS
| Q1 26 | — | — | ||
| Q4 25 | 1.09× | 2.53× | ||
| Q3 25 | 2.31× | 2.41× | ||
| Q2 25 | 1.14× | 1.13× | ||
| Q1 25 | 1.67× | -0.85× | ||
| Q4 24 | 1.07× | 2.24× | ||
| Q3 24 | 2.73× | 2.49× | ||
| Q2 24 | 0.94× | 1.34× |
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% |
MAS
暂无分部数据
