vs
CF Industries（CF）与Ranpak Holdings Corp.（PACK）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Ranpak Holdings Corp.的20.0倍（$1.9B vs $93.7M）。CF Industries同比增速更快（22.8% vs 2.3%）。过去两年Ranpak Holdings Corp.的营收复合增速更高（13.7% 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。
Ranpak Holdings Corp.主营生产防护纸质包装设备与纸制品，可为电商及各行业货品运输提供纸质缓冲包装方案，同时也供应自动化包装解决方案。公司总部位于美国俄亥俄州康科德，在美国本土多个州、捷克、荷兰、中国上海及新加坡均设有生产基地与办公室，产品可用于包裹缠绕、缓冲填隙、冷链运输等多种场景。
CF vs PACK — 直观对比
营收规模更大
CF
是对方的20.0倍
$93.7M
营收增速更快
CF
高出20.5%
2.3%
两年增速更快
PACK
近两年复合增速
12.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $93.7M |
| 净利润 | $495.0M | — |
| 毛利率 | 40.9% | 39.0% |
| 营业利润率 | 33.0% | -1.0% |
| 净利率 | 26.4% | — |
| 营收同比 | 22.8% | 2.3% |
| 净利润同比 | 26.3% | — |
| 每股收益（稀释后） | $2.56 | $-0.11 |
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CFPACK
| Q4 25 | $1.9B | $93.7M | ||
| Q3 25 | $1.7B | $83.6M | ||
| Q2 25 | $1.9B | $77.8M | ||
| Q1 25 | $1.7B | $77.6M | ||
| Q4 24 | $1.5B | $91.6M | ||
| Q3 24 | $1.4B | $78.6M | ||
| Q2 24 | $1.6B | $72.8M | ||
| Q1 24 | $1.5B | $72.5M |
净利润CFPACK
| Q4 25 | $495.0M | — | ||
| Q3 25 | $460.0M | $-10.4M | ||
| Q2 25 | $492.0M | $-7.5M | ||
| Q1 25 | $351.0M | $-10.9M | ||
| Q4 24 | $392.0M | — | ||
| Q3 24 | $341.0M | $-8.1M | ||
| Q2 24 | $506.0M | $5.5M | ||
| Q1 24 | $238.0M | $-8.1M |
毛利率CFPACK
| Q4 25 | 40.9% | 39.0% | ||
| Q3 25 | 38.1% | 41.1% | ||
| Q2 25 | 39.9% | 37.1% | ||
| Q1 25 | 34.4% | 39.8% | ||
| Q4 24 | 34.4% | 45.2% | ||
| Q3 24 | 32.4% | 43.8% | ||
| Q2 24 | 43.2% | 43.5% | ||
| Q1 24 | 27.8% | 44.6% |
营业利润率CFPACK
| Q4 25 | 33.0% | -1.0% | ||
| Q3 25 | 35.0% | -6.8% | ||
| Q2 25 | 34.3% | -12.5% | ||
| Q1 25 | 27.4% | -10.3% | ||
| Q4 24 | 28.9% | 1.5% | ||
| Q3 24 | 26.6% | -5.3% | ||
| Q2 24 | 40.6% | -7.1% | ||
| Q1 24 | 20.6% | -6.6% |
净利率CFPACK
| Q4 25 | 26.4% | — | ||
| Q3 25 | 27.7% | -12.4% | ||
| Q2 25 | 26.0% | -9.6% | ||
| Q1 25 | 21.1% | -14.0% | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 24.9% | -10.3% | ||
| Q2 24 | 32.2% | 7.6% | ||
| Q1 24 | 16.2% | -11.2% |
每股收益（稀释后）CFPACK
| Q4 25 | $2.56 | $-0.11 | ||
| Q3 25 | $2.19 | $-0.12 | ||
| Q2 25 | $2.37 | $-0.09 | ||
| Q1 25 | $1.85 | $-0.13 | ||
| Q4 24 | $1.86 | $-0.13 | ||
| Q3 24 | $1.55 | $-0.10 | ||
| Q2 24 | $2.30 | $0.07 | ||
| Q1 24 | $1.03 | $-0.10 |
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 | — | $63.0M |
| 总债务越低越好 | $3.2B | $401.9M |
| 股东权益账面价值 | $4.8B | $534.9M |
| 总资产 | $14.1B | $1.1B |
| 负债/权益比越低杠杆越低 | 0.66× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资CFPACK
| Q4 25 | — | $63.0M | ||
| Q3 25 | — | $49.9M | ||
| Q2 25 | — | $49.2M | ||
| Q1 25 | — | $65.5M | ||
| Q4 24 | — | $76.1M | ||
| Q3 24 | — | $69.5M | ||
| Q2 24 | — | $65.1M | ||
| Q1 24 | — | $55.1M |
总债务CFPACK
| Q4 25 | $3.2B | $401.9M | ||
| Q3 25 | $3.0B | $403.1M | ||
| Q2 25 | $3.0B | $403.1M | ||
| Q1 25 | $3.0B | $405.2M | ||
| Q4 24 | $3.0B | $406.4M | ||
| Q3 24 | $3.0B | $403.2M | ||
| Q2 24 | $3.0B | $396.1M | ||
| Q1 24 | $3.0B | $396.7M |
股东权益CFPACK
| Q4 25 | $4.8B | $534.9M | ||
| Q3 25 | $4.8B | $537.8M | ||
| Q2 25 | $5.0B | $539.0M | ||
| Q1 25 | $4.8B | $544.1M | ||
| Q4 24 | $5.0B | $548.1M | ||
| Q3 24 | $5.2B | $564.3M | ||
| Q2 24 | $5.5B | $566.2M | ||
| Q1 24 | $5.4B | $560.0M |
总资产CFPACK
| Q4 25 | $14.1B | $1.1B | ||
| Q3 25 | $14.2B | $1.1B | ||
| Q2 25 | $13.8B | $1.1B | ||
| Q1 25 | $13.3B | $1.1B | ||
| Q4 24 | $13.5B | $1.1B | ||
| Q3 24 | $13.8B | $1.1B | ||
| Q2 24 | $13.8B | $1.1B | ||
| Q1 24 | $13.9B | $1.1B |
负债/权益比CFPACK
| Q4 25 | 0.66× | 0.75× | ||
| Q3 25 | 0.61× | 0.75× | ||
| Q2 25 | 0.60× | 0.75× | ||
| Q1 25 | 0.62× | 0.74× | ||
| Q4 24 | 0.60× | 0.74× | ||
| Q3 24 | 0.57× | 0.71× | ||
| Q2 24 | 0.54× | 0.70× | ||
| Q1 24 | 0.55× | 0.71× |
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 | $19.5M |
| 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CFPACK
| Q4 25 | $539.0M | $19.5M | ||
| Q3 25 | $1.1B | $8.5M | ||
| Q2 25 | $563.0M | $-3.6M | ||
| Q1 25 | $586.0M | $-1.3M | ||
| Q4 24 | $420.0M | $6.5M | ||
| Q3 24 | $931.0M | $10.1M | ||
| Q2 24 | $475.0M | $19.6M | ||
| Q1 24 | $445.0M | $5.2M |
自由现金流CFPACK
| Q4 25 | $313.0M | — | ||
| Q3 25 | $717.0M | — | ||
| Q2 25 | $318.0M | — | ||
| Q1 25 | $454.0M | — | ||
| Q4 24 | $223.0M | — | ||
| Q3 24 | $792.0M | — | ||
| Q2 24 | $391.0M | — | ||
| Q1 24 | $347.0M | — |
自由现金流率CFPACK
| Q4 25 | 16.7% | — | ||
| Q3 25 | 43.2% | — | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | 27.3% | — | ||
| Q4 24 | 14.6% | — | ||
| Q3 24 | 57.8% | — | ||
| Q2 24 | 24.9% | — | ||
| Q1 24 | 23.6% | — |
资本支出强度CFPACK
| Q4 25 | 12.1% | — | ||
| Q3 25 | 20.9% | — | ||
| Q2 25 | 13.0% | — | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | 6.7% | — |
现金转化率CFPACK
| Q4 25 | 1.09× | — | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | — | ||
| Q2 24 | 0.94× | 3.56× | ||
| Q1 24 | 1.87× | — |
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% |
PACK
暂无分部数据
