vs
CF Industries（CF）与怪兽饮料（MNST）财务数据对比。点击上方公司名可切换其他公司
怪兽饮料的季度营收约是CF Industries的1.1倍（$2.1B vs $1.9B），CF Industries净利率更高（26.4% vs 21.1%，领先5.4%），CF Industries同比增速更快（22.8% vs 17.6%），怪兽饮料自由现金流更多（$351.2M vs $313.0M），过去两年CF Industries的营收复合增速更高（12.8% vs 5.9%）
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。
怪兽饮料是美国知名饮品企业，旗下拥有魔爪、Relentless、Reign、Burn等多款畅销能量饮料产品。公司1935年创立于美国南加州，前身为Hansen's，最初主营果汁产品，2012年正式更为现名。
CF vs MNST — 直观对比
营收规模更大
MNST
是对方的1.1倍
$1.9B
营收增速更快
CF
高出5.2%
17.6%
净利率更高
CF
高出5.4%
21.1%
自由现金流更多
MNST
多$38.2M
$313.0M
两年增速更快
CF
近两年复合增速
5.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.1B |
| 净利润 | $495.0M | $449.2M |
| 毛利率 | 40.9% | 55.5% |
| 营业利润率 | 33.0% | 25.5% |
| 净利率 | 26.4% | 21.1% |
| 营收同比 | 22.8% | 17.6% |
| 净利润同比 | 26.3% | 65.9% |
| 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CFMNST
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | $1.7B | $1.9B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.4B | $1.9B | ||
| Q2 24 | $1.6B | $1.9B | ||
| Q1 24 | $1.5B | $1.9B |
净利润CFMNST
| Q4 25 | $495.0M | $449.2M | ||
| Q3 25 | $460.0M | $524.5M | ||
| Q2 25 | $492.0M | $488.8M | ||
| Q1 25 | $351.0M | $443.0M | ||
| Q4 24 | $392.0M | $270.7M | ||
| Q3 24 | $341.0M | $370.9M | ||
| Q2 24 | $506.0M | $425.4M | ||
| Q1 24 | $238.0M | $442.0M |
毛利率CFMNST
| Q4 25 | 40.9% | 55.5% | ||
| Q3 25 | 38.1% | 55.7% | ||
| Q2 25 | 39.9% | 55.7% | ||
| Q1 25 | 34.4% | 56.5% | ||
| Q4 24 | 34.4% | 55.3% | ||
| Q3 24 | 32.4% | 53.2% | ||
| Q2 24 | 43.2% | 53.6% | ||
| Q1 24 | 27.8% | 54.1% |
营业利润率CFMNST
| Q4 25 | 33.0% | 25.5% | ||
| Q3 25 | 35.0% | 30.7% | ||
| Q2 25 | 34.3% | 29.9% | ||
| Q1 25 | 27.4% | 30.7% | ||
| Q4 24 | 28.9% | 21.0% | ||
| Q3 24 | 26.6% | 25.5% | ||
| Q2 24 | 40.6% | 27.7% | ||
| Q1 24 | 20.6% | 28.5% |
净利率CFMNST
| Q4 25 | 26.4% | 21.1% | ||
| Q3 25 | 27.7% | 23.9% | ||
| Q2 25 | 26.0% | 23.1% | ||
| Q1 25 | 21.1% | 23.9% | ||
| Q4 24 | 25.7% | 14.9% | ||
| Q3 24 | 24.9% | 19.7% | ||
| Q2 24 | 32.2% | 22.4% | ||
| Q1 24 | 16.2% | 23.3% |
每股收益（稀释后）CFMNST
| Q4 25 | $2.56 | — | ||
| Q3 25 | $2.19 | — | ||
| Q2 25 | $2.37 | — | ||
| Q1 25 | $1.85 | — | ||
| Q4 24 | $1.86 | — | ||
| Q3 24 | $1.55 | — | ||
| Q2 24 | $2.30 | — | ||
| Q1 24 | $1.03 | — |
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 | — | $2.8B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $4.8B | $8.3B |
| 总资产 | $14.1B | $10.0B |
| 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CFMNST
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $3.6B |
总债务CFMNST
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | $199.1M | ||
| Q4 24 | $3.0B | $374.0M | ||
| Q3 24 | $3.0B | $748.8M | ||
| Q2 24 | $3.0B | $748.7M | ||
| Q1 24 | $3.0B | — |
股东权益CFMNST
| Q4 25 | $4.8B | $8.3B | ||
| Q3 25 | $4.8B | $7.7B | ||
| Q2 25 | $5.0B | $7.2B | ||
| Q1 25 | $4.8B | $6.5B | ||
| Q4 24 | $5.0B | $6.0B | ||
| Q3 24 | $5.2B | $5.8B | ||
| Q2 24 | $5.5B | $5.9B | ||
| Q1 24 | $5.4B | $8.6B |
总资产CFMNST
| Q4 25 | $14.1B | $10.0B | ||
| Q3 25 | $14.2B | $9.6B | ||
| Q2 25 | $13.8B | $8.7B | ||
| Q1 25 | $13.3B | $8.2B | ||
| Q4 24 | $13.5B | $7.7B | ||
| Q3 24 | $13.8B | $8.1B | ||
| Q2 24 | $13.8B | $8.1B | ||
| Q1 24 | $13.9B | $10.1B |
负债/权益比CFMNST
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.62× | 0.03× | ||
| Q4 24 | 0.60× | 0.06× | ||
| Q3 24 | 0.57× | 0.13× | ||
| Q2 24 | 0.54× | 0.13× | ||
| 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 | $379.4M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $351.2M |
| 自由现金流率自由现金流/营收 | 16.7% | 16.5% |
| 资本支出强度资本支出/营收 | 12.1% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.09× | 0.84× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $2.0B |
8季度趋势，按日历期对齐
经营现金流CFMNST
| Q4 25 | $539.0M | $379.4M | ||
| Q3 25 | $1.1B | $745.1M | ||
| Q2 25 | $563.0M | $466.0M | ||
| Q1 25 | $586.0M | $507.6M | ||
| Q4 24 | $420.0M | $461.7M | ||
| Q3 24 | $931.0M | $618.4M | ||
| Q2 24 | $475.0M | $436.3M | ||
| Q1 24 | $445.0M | $412.1M |
自由现金流CFMNST
| Q4 25 | $313.0M | $351.2M | ||
| Q3 25 | $717.0M | $701.5M | ||
| Q2 25 | $318.0M | $434.6M | ||
| Q1 25 | $454.0M | $478.5M | ||
| Q4 24 | $223.0M | $370.4M | ||
| Q3 24 | $792.0M | $571.4M | ||
| Q2 24 | $391.0M | $376.5M | ||
| Q1 24 | $347.0M | $346.1M |
自由现金流率CFMNST
| Q4 25 | 16.7% | 16.5% | ||
| Q3 25 | 43.2% | 31.9% | ||
| Q2 25 | 16.8% | 20.6% | ||
| Q1 25 | 27.3% | 25.8% | ||
| Q4 24 | 14.6% | 20.4% | ||
| Q3 24 | 57.8% | 30.4% | ||
| Q2 24 | 24.9% | 19.8% | ||
| Q1 24 | 23.6% | 18.2% |
资本支出强度CFMNST
| Q4 25 | 12.1% | 1.3% | ||
| Q3 25 | 20.9% | 2.0% | ||
| Q2 25 | 13.0% | 1.5% | ||
| Q1 25 | 7.9% | 1.6% | ||
| Q4 24 | 12.9% | 5.0% | ||
| Q3 24 | 10.1% | 2.5% | ||
| Q2 24 | 5.3% | 3.1% | ||
| Q1 24 | 6.7% | 3.5% |
现金转化率CFMNST
| Q4 25 | 1.09× | 0.84× | ||
| Q3 25 | 2.31× | 1.42× | ||
| Q2 25 | 1.14× | 0.95× | ||
| Q1 25 | 1.67× | 1.15× | ||
| Q4 24 | 1.07× | 1.71× | ||
| Q3 24 | 2.73× | 1.67× | ||
| Q2 24 | 0.94× | 1.03× | ||
| Q1 24 | 1.87× | 0.93× |
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% |
MNST
| Monster Energy Drinks Segment | $1.2B | 57% |
| Sales Revenue Product Line | $905.5M | 42% |
| Strategic Brands Segment | $50.3M | 2% |
| Alcohol Brands Segment | $29.0M | 1% |
