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CF Industries（CF）与MYR GROUP INC.（MYRG）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MYR GROUP INC.的2.0倍（$2.0B vs $973.5M），CF Industries净利率更高（31.0% vs 3.8%，领先27.2%），CF Industries同比增速更快（19.4% vs 17.3%），CF Industries自由现金流更多（$1.7B vs $84.9M），过去两年CF Industries的营收复合增速更高（12.4% vs 9.3%）
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。
MYR集团是美国知名电气建设服务提供商，业务覆盖输配电线路、变电站、工商业建筑及可再生能源领域的电气施工，旗下拥有12家电气建设子公司，在北美电力基建赛道拥有深厚的技术积累与项目交付能力。
CF vs MYRG — 直观对比
营收规模更大
CF
是对方的2.0倍
$973.5M
营收增速更快
CF
高出2.1%
17.3%
净利率更高
CF
高出27.2%
3.8%
自由现金流更多
CF
多$1.6B
$84.9M
两年增速更快
CF
近两年复合增速
9.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $973.5M |
| 净利润 | $615.0M | $36.5M |
| 毛利率 | 37.6% | 11.4% |
| 营业利润率 | 43.5% | 4.8% |
| 净利率 | 31.0% | 3.8% |
| 营收同比 | 19.4% | 17.3% |
| 净利润同比 | 97.1% | 129.1% |
| 每股收益（稀释后） | $3.98 | $2.33 |
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CFMYRG
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $973.5M | ||
| Q3 25 | $1.7B | $950.4M | ||
| Q2 25 | $1.9B | $900.3M | ||
| Q1 25 | $1.7B | $833.6M | ||
| Q4 24 | $1.5B | $829.8M | ||
| Q3 24 | $1.4B | $888.0M | ||
| Q2 24 | $1.6B | $828.9M |
净利润CFMYRG
| Q1 26 | $615.0M | — | ||
| Q4 25 | $495.0M | $36.5M | ||
| Q3 25 | $460.0M | $32.1M | ||
| Q2 25 | $492.0M | $26.5M | ||
| Q1 25 | $351.0M | $23.3M | ||
| Q4 24 | $392.0M | $16.0M | ||
| Q3 24 | $341.0M | $10.6M | ||
| Q2 24 | $506.0M | $-15.3M |
毛利率CFMYRG
| Q1 26 | 37.6% | — | ||
| Q4 25 | 40.9% | 11.4% | ||
| Q3 25 | 38.1% | 11.8% | ||
| Q2 25 | 39.9% | 11.5% | ||
| Q1 25 | 34.4% | 11.6% | ||
| Q4 24 | 34.4% | 10.4% | ||
| Q3 24 | 32.4% | 8.7% | ||
| Q2 24 | 43.2% | 4.9% |
营业利润率CFMYRG
| Q1 26 | 43.5% | — | ||
| Q4 25 | 33.0% | 4.8% | ||
| Q3 25 | 35.0% | 4.9% | ||
| Q2 25 | 34.3% | 4.4% | ||
| Q1 25 | 27.4% | 4.1% | ||
| Q4 24 | 28.9% | 3.6% | ||
| Q3 24 | 26.6% | 2.3% | ||
| Q2 24 | 40.6% | -2.5% |
净利率CFMYRG
| Q1 26 | 31.0% | — | ||
| Q4 25 | 26.4% | 3.8% | ||
| Q3 25 | 27.7% | 3.4% | ||
| Q2 25 | 26.0% | 2.9% | ||
| Q1 25 | 21.1% | 2.8% | ||
| Q4 24 | 25.7% | 1.9% | ||
| Q3 24 | 24.9% | 1.2% | ||
| Q2 24 | 32.2% | -1.8% |
每股收益（稀释后）CFMYRG
| Q1 26 | $3.98 | — | ||
| Q4 25 | $2.56 | $2.33 | ||
| Q3 25 | $2.19 | $2.05 | ||
| Q2 25 | $2.37 | $1.70 | ||
| Q1 25 | $1.85 | $1.45 | ||
| Q4 24 | $1.86 | $0.97 | ||
| Q3 24 | $1.55 | $0.65 | ||
| Q2 24 | $2.30 | $-0.91 |
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 | — | $150.2M |
| 总债务越低越好 | $3.2B | $59.0M |
| 股东权益账面价值 | $5.3B | $660.4M |
| 总资产 | $14.6B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.60× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资CFMYRG
| Q1 26 | — | — | ||
| Q4 25 | — | $150.2M | ||
| Q3 25 | — | $76.2M | ||
| Q2 25 | — | $23.0M | ||
| Q1 25 | — | $10.9M | ||
| Q4 24 | — | $3.5M | ||
| Q3 24 | — | $7.6M | ||
| Q2 24 | — | $1.9M |
总债务CFMYRG
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $59.0M | ||
| Q3 25 | $3.0B | $72.0M | ||
| Q2 25 | $3.0B | $86.1M | ||
| Q1 25 | $3.0B | $87.2M | ||
| Q4 24 | $3.0B | $74.4M | ||
| Q3 24 | $3.0B | $93.2M | ||
| Q2 24 | $3.0B | $45.1M |
股东权益CFMYRG
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $660.4M | ||
| Q3 25 | $4.8B | $617.6M | ||
| Q2 25 | $5.0B | $583.2M | ||
| Q1 25 | $4.8B | $548.7M | ||
| Q4 24 | $5.0B | $600.4M | ||
| Q3 24 | $5.2B | $588.5M | ||
| Q2 24 | $5.5B | $633.3M |
总资产CFMYRG
| Q1 26 | $14.6B | — | ||
| Q4 25 | $14.1B | $1.6B | ||
| Q3 25 | $14.2B | $1.6B | ||
| Q2 25 | $13.8B | $1.6B | ||
| Q1 25 | $13.3B | $1.5B | ||
| Q4 24 | $13.5B | $1.6B | ||
| Q3 24 | $13.8B | $1.6B | ||
| Q2 24 | $13.8B | $1.6B |
负债/权益比CFMYRG
| Q1 26 | 0.60× | — | ||
| Q4 25 | 0.66× | 0.09× | ||
| Q3 25 | 0.61× | 0.12× | ||
| Q2 25 | 0.60× | 0.15× | ||
| Q1 25 | 0.62× | 0.16× | ||
| Q4 24 | 0.60× | 0.12× | ||
| Q3 24 | 0.57× | 0.16× | ||
| Q2 24 | 0.54× | 0.07× |
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 | $496.0M | $114.8M |
| 自由现金流经营现金流 - 资本支出 | $1.7B | $84.9M |
| 自由现金流率自由现金流/营收 | 83.2% | 8.7% |
| 资本支出强度资本支出/营收 | 11.2% | 3.1% |
| 现金转化率经营现金流/净利润 | 0.81× | 3.14× |
| 过去12个月自由现金流最近4个季度 | $3.0B | $232.2M |
8季度趋势，按日历期对齐
经营现金流CFMYRG
| Q1 26 | $496.0M | — | ||
| Q4 25 | $539.0M | $114.8M | ||
| Q3 25 | $1.1B | $95.6M | ||
| Q2 25 | $563.0M | $32.9M | ||
| Q1 25 | $586.0M | $83.3M | ||
| Q4 24 | $420.0M | $21.1M | ||
| Q3 24 | $931.0M | $35.6M | ||
| Q2 24 | $475.0M | $22.7M |
自由现金流CFMYRG
| Q1 26 | $1.7B | — | ||
| Q4 25 | $313.0M | $84.9M | ||
| Q3 25 | $717.0M | $65.4M | ||
| Q2 25 | $318.0M | $11.6M | ||
| Q1 25 | $454.0M | $70.2M | ||
| Q4 24 | $223.0M | $8.8M | ||
| Q3 24 | $792.0M | $18.0M | ||
| Q2 24 | $391.0M | $2.5M |
自由现金流率CFMYRG
| Q1 26 | 83.2% | — | ||
| Q4 25 | 16.7% | 8.7% | ||
| Q3 25 | 43.2% | 6.9% | ||
| Q2 25 | 16.8% | 1.3% | ||
| Q1 25 | 27.3% | 8.4% | ||
| Q4 24 | 14.6% | 1.1% | ||
| Q3 24 | 57.8% | 2.0% | ||
| Q2 24 | 24.9% | 0.3% |
资本支出强度CFMYRG
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.1% | 3.1% | ||
| Q3 25 | 20.9% | 3.2% | ||
| Q2 25 | 13.0% | 2.4% | ||
| Q1 25 | 7.9% | 1.6% | ||
| Q4 24 | 12.9% | 1.5% | ||
| Q3 24 | 10.1% | 2.0% | ||
| Q2 24 | 5.3% | 2.4% |
现金转化率CFMYRG
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.09× | 3.14× | ||
| Q3 25 | 2.31× | 2.98× | ||
| Q2 25 | 1.14× | 1.24× | ||
| Q1 25 | 1.67× | 3.57× | ||
| Q4 24 | 1.07× | 1.32× | ||
| Q3 24 | 2.73× | 3.35× | ||
| Q2 24 | 0.94× | — |
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
| EBITDA | $1.0B | 51% |
| Other | $975.0M | 49% |
| Loss on foreign currency transactions | $3.0M | 0% |
MYRG
| Market Type Electrical Construction | $442.6M | 45% |
| Market Type Transmission | $330.3M | 34% |
| Market Type Distribution | $200.6M | 21% |
