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CF Industries（CF）与Quanex Building Products CORP（NX）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Quanex Building Products CORP的3.8倍（$1.9B vs $495.3M）。CF Industries净利率更高（26.4% vs -55.7%，领先82.2%）。Quanex Building Products CORP同比增速更快（76.7% vs 22.8%）。CF Industries自由现金流更多（$313.0M vs $46.2M）。过去两年Quanex Building Products CORP的营收复合增速更高（29.5% vs 12.8%）
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。
Quanex Building Products是一家工程建筑组件及材料制造商，核心产品包括中空玻璃间隔条、门窗系统、橱柜及家具部件，服务北美、欧洲的住宅及商业建筑市场，主打节能可持续的建筑解决方案。
CF vs NX — 直观对比
营收规模更大
CF
是对方的3.8倍
$495.3M
营收增速更快
NX
高出53.8%
22.8%
净利率更高
CF
高出82.2%
-55.7%
自由现金流更多
CF
多$266.8M
$46.2M
两年增速更快
NX
近两年复合增速
12.8%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $495.3M |
| 净利润 | $495.0M | $-276.0M |
| 毛利率 | 40.9% | 27.9% |
| 营业利润率 | 33.0% | -54.7% |
| 净利率 | 26.4% | -55.7% |
| 营收同比 | 22.8% | 76.7% |
| 净利润同比 | 26.3% | -1188.8% |
| 每股收益（稀释后） | $2.56 | $-6.04 |
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CFNX
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.7B | $495.3M | ||
| Q2 25 | $1.9B | $452.5M | ||
| Q1 25 | $1.7B | $400.0M | ||
| Q4 24 | $1.5B | $492.2M | ||
| Q3 24 | $1.4B | $280.3M | ||
| Q2 24 | $1.6B | $266.2M | ||
| Q1 24 | $1.5B | $239.2M |
净利润CFNX
| Q4 25 | $495.0M | — | ||
| Q3 25 | $460.0M | $-276.0M | ||
| Q2 25 | $492.0M | $20.5M | ||
| Q1 25 | $351.0M | $-14.9M | ||
| Q4 24 | $392.0M | $-13.9M | ||
| Q3 24 | $341.0M | $25.4M | ||
| Q2 24 | $506.0M | $15.4M | ||
| Q1 24 | $238.0M | $6.2M |
毛利率CFNX
| Q4 25 | 40.9% | — | ||
| Q3 25 | 38.1% | 27.9% | ||
| Q2 25 | 39.9% | 29.0% | ||
| Q1 25 | 34.4% | 23.1% | ||
| Q4 24 | 34.4% | — | ||
| Q3 24 | 32.4% | 25.3% | ||
| Q2 24 | 43.2% | 24.9% | ||
| Q1 24 | 27.8% | 21.5% |
营业利润率CFNX
| Q4 25 | 33.0% | — | ||
| Q3 25 | 35.0% | -54.7% | ||
| Q2 25 | 34.3% | 9.0% | ||
| Q1 25 | 27.4% | -1.7% | ||
| Q4 24 | 28.9% | 0.6% | ||
| Q3 24 | 26.6% | 8.4% | ||
| Q2 24 | 40.6% | 7.8% | ||
| Q1 24 | 20.6% | 3.3% |
净利率CFNX
| Q4 25 | 26.4% | — | ||
| Q3 25 | 27.7% | -55.7% | ||
| Q2 25 | 26.0% | 4.5% | ||
| Q1 25 | 21.1% | -3.7% | ||
| Q4 24 | 25.7% | -2.8% | ||
| Q3 24 | 24.9% | 9.0% | ||
| Q2 24 | 32.2% | 5.8% | ||
| Q1 24 | 16.2% | 2.6% |
每股收益（稀释后）CFNX
| Q4 25 | $2.56 | — | ||
| Q3 25 | $2.19 | $-6.04 | ||
| Q2 25 | $2.37 | $0.44 | ||
| Q1 25 | $1.85 | $-0.32 | ||
| Q4 24 | $1.86 | $-0.52 | ||
| Q3 24 | $1.55 | $0.77 | ||
| Q2 24 | $2.30 | $0.46 | ||
| Q1 24 | $1.03 | $0.19 |
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 | — | $66.3M |
| 总债务越低越好 | $3.2B | $695.6M |
| 股东权益账面价值 | $4.8B | $717.4M |
| 总资产 | $14.1B | $2.0B |
| 负债/权益比越低杠杆越低 | 0.66× | 0.97× |
8季度趋势，按日历期对齐
现金及短期投资CFNX
| Q4 25 | — | — | ||
| Q3 25 | — | $66.3M | ||
| Q2 25 | — | $62.6M | ||
| Q1 25 | — | $50.0M | ||
| Q4 24 | — | $97.7M | ||
| Q3 24 | — | $94.0M | ||
| Q2 24 | — | $56.1M | ||
| Q1 24 | — | $44.4M |
总债务CFNX
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | $695.6M | ||
| Q2 25 | $3.0B | $746.4M | ||
| Q1 25 | $3.0B | $725.2M | ||
| Q4 24 | $3.0B | $737.2M | ||
| Q3 24 | $3.0B | $51.4M | ||
| Q2 24 | $3.0B | $51.5M | ||
| Q1 24 | $3.0B | $61.6M |
股东权益CFNX
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.8B | $717.4M | ||
| Q2 25 | $5.0B | $1.0B | ||
| Q1 25 | $4.8B | $972.1M | ||
| Q4 24 | $5.0B | $1.0B | ||
| Q3 24 | $5.2B | $594.1M | ||
| Q2 24 | $5.5B | $566.1M | ||
| Q1 24 | $5.4B | $555.0M |
总资产CFNX
| Q4 25 | $14.1B | — | ||
| Q3 25 | $14.2B | $2.0B | ||
| Q2 25 | $13.8B | $2.3B | ||
| Q1 25 | $13.3B | $2.2B | ||
| Q4 24 | $13.5B | $2.3B | ||
| Q3 24 | $13.8B | $872.5M | ||
| Q2 24 | $13.8B | $837.2M | ||
| Q1 24 | $13.9B | $813.4M |
负债/权益比CFNX
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.61× | 0.97× | ||
| Q2 25 | 0.60× | 0.75× | ||
| Q1 25 | 0.62× | 0.75× | ||
| Q4 24 | 0.60× | 0.73× | ||
| Q3 24 | 0.57× | 0.09× | ||
| Q2 24 | 0.54× | 0.09× | ||
| Q1 24 | 0.55× | 0.11× |
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 | $60.7M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $46.2M |
| 自由现金流率自由现金流/营收 | 16.7% | 9.3% |
| 资本支出强度资本支出/营收 | 12.1% | 2.9% |
| 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 | $27.5M |
8季度趋势，按日历期对齐
经营现金流CFNX
| Q4 25 | $539.0M | — | ||
| Q3 25 | $1.1B | $60.7M | ||
| Q2 25 | $563.0M | $28.5M | ||
| Q1 25 | $586.0M | $-12.5M | ||
| Q4 24 | $420.0M | $5.5M | ||
| Q3 24 | $931.0M | $46.4M | ||
| Q2 24 | $475.0M | $33.1M | ||
| Q1 24 | $445.0M | $3.9M |
自由现金流CFNX
| Q4 25 | $313.0M | — | ||
| Q3 25 | $717.0M | $46.2M | ||
| Q2 25 | $318.0M | $13.6M | ||
| Q1 25 | $454.0M | $-24.1M | ||
| Q4 24 | $223.0M | $-8.2M | ||
| Q3 24 | $792.0M | $40.1M | ||
| Q2 24 | $391.0M | $25.5M | ||
| Q1 24 | $347.0M | $-5.7M |
自由现金流率CFNX
| Q4 25 | 16.7% | — | ||
| Q3 25 | 43.2% | 9.3% | ||
| Q2 25 | 16.8% | 3.0% | ||
| Q1 25 | 27.3% | -6.0% | ||
| Q4 24 | 14.6% | -1.7% | ||
| Q3 24 | 57.8% | 14.3% | ||
| Q2 24 | 24.9% | 9.6% | ||
| Q1 24 | 23.6% | -2.4% |
资本支出强度CFNX
| Q4 25 | 12.1% | — | ||
| Q3 25 | 20.9% | 2.9% | ||
| Q2 25 | 13.0% | 3.3% | ||
| Q1 25 | 7.9% | 2.9% | ||
| Q4 24 | 12.9% | 2.8% | ||
| Q3 24 | 10.1% | 2.2% | ||
| Q2 24 | 5.3% | 2.9% | ||
| Q1 24 | 6.7% | 4.0% |
现金转化率CFNX
| Q4 25 | 1.09× | — | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 1.14× | 1.39× | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | 1.83× | ||
| Q2 24 | 0.94× | 2.15× | ||
| Q1 24 | 1.87× | 0.62× |
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% |
NX
| Window And Door Hardware | $150.3M | 30% |
| Screens | $76.8M | 16% |
| Window Profiles | $68.2M | 14% |
| Spacers | $54.7M | 11% |
| Wood Solutions | $53.4M | 11% |
| Seals And Gaskets | $29.9M | 6% |
| Access Solutions | $27.4M | 6% |
| Mixing Solution | $21.5M | 4% |
| Solar | $5.3M | 1% |
| Product Type Other | $3.3M | 1% |
