vs
CF Industries（CF）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
CF Industries的季度营收约是罗布乐思的1.3倍（$1.9B vs $1.4B），CF Industries净利率更高（26.4% vs -22.3%，领先48.8%），罗布乐思同比增速更快（43.2% vs 22.8%），CF Industries自由现金流更多（$313.0M vs $308.6M），过去两年罗布乐思的营收复合增速更高（32.9% 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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
CF vs RBLX — 直观对比
营收规模更大
CF
是对方的1.3倍
$1.4B
营收增速更快
RBLX
高出20.4%
22.8%
净利率更高
CF
高出48.8%
-22.3%
自由现金流更多
CF
多$4.4M
$308.6M
两年增速更快
RBLX
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.4B |
| 净利润 | $495.0M | $-316.0M |
| 毛利率 | 40.9% | 77.7% |
| 营业利润率 | 33.0% | -25.3% |
| 净利率 | 26.4% | -22.3% |
| 营收同比 | 22.8% | 43.2% |
| 净利润同比 | 26.3% | -43.9% |
| 每股收益（稀释后） | $2.56 | $-0.44 |
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CFRBLX
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.5B | $988.2M | ||
| Q3 24 | $1.4B | $919.0M | ||
| Q2 24 | $1.6B | $893.5M | ||
| Q1 24 | $1.5B | $801.3M |
净利润CFRBLX
| Q4 25 | $495.0M | $-316.0M | ||
| Q3 25 | $460.0M | $-255.6M | ||
| Q2 25 | $492.0M | $-278.4M | ||
| Q1 25 | $351.0M | $-215.1M | ||
| Q4 24 | $392.0M | $-219.6M | ||
| Q3 24 | $341.0M | $-239.3M | ||
| Q2 24 | $506.0M | $-205.9M | ||
| Q1 24 | $238.0M | $-270.6M |
毛利率CFRBLX
| Q4 25 | 40.9% | 77.7% | ||
| Q3 25 | 38.1% | 78.2% | ||
| Q2 25 | 39.9% | 78.2% | ||
| Q1 25 | 34.4% | 78.3% | ||
| Q4 24 | 34.4% | 77.9% | ||
| Q3 24 | 32.4% | 77.7% | ||
| Q2 24 | 43.2% | 77.8% | ||
| Q1 24 | 27.8% | 77.7% |
营业利润率CFRBLX
| Q4 25 | 33.0% | -25.3% | ||
| Q3 25 | 35.0% | -21.8% | ||
| Q2 25 | 34.3% | -29.8% | ||
| Q1 25 | 27.4% | -24.6% | ||
| Q4 24 | 28.9% | -24.7% | ||
| Q3 24 | 26.6% | -30.4% | ||
| Q2 24 | 40.6% | -26.6% | ||
| Q1 24 | 20.6% | -37.7% |
净利率CFRBLX
| Q4 25 | 26.4% | -22.3% | ||
| Q3 25 | 27.7% | -18.8% | ||
| Q2 25 | 26.0% | -25.8% | ||
| Q1 25 | 21.1% | -20.8% | ||
| Q4 24 | 25.7% | -22.2% | ||
| Q3 24 | 24.9% | -26.0% | ||
| Q2 24 | 32.2% | -23.0% | ||
| Q1 24 | 16.2% | -33.8% |
每股收益（稀释后）CFRBLX
| Q4 25 | $2.56 | $-0.44 | ||
| Q3 25 | $2.19 | $-0.37 | ||
| Q2 25 | $2.37 | $-0.41 | ||
| Q1 25 | $1.85 | $-0.32 | ||
| Q4 24 | $1.86 | $-0.32 | ||
| Q3 24 | $1.55 | $-0.37 | ||
| Q2 24 | $2.30 | $-0.32 | ||
| Q1 24 | $1.03 | $-0.43 |
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 | — | $3.1B |
| 总债务越低越好 | $3.2B | $1.2B |
| 股东权益账面价值 | $4.8B | $394.5M |
| 总资产 | $14.1B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.66× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资CFRBLX
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
总债务CFRBLX
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
股东权益CFRBLX
| Q4 25 | $4.8B | $394.5M | ||
| Q3 25 | $4.8B | $407.6M | ||
| Q2 25 | $5.0B | $353.2M | ||
| Q1 25 | $4.8B | $310.7M | ||
| Q4 24 | $5.0B | $221.4M | ||
| Q3 24 | $5.2B | $189.9M | ||
| Q2 24 | $5.5B | $121.5M | ||
| Q1 24 | $5.4B | $71.6M |
总资产CFRBLX
| Q4 25 | $14.1B | $9.6B | ||
| Q3 25 | $14.2B | $8.6B | ||
| Q2 25 | $13.8B | $7.8B | ||
| Q1 25 | $13.3B | $7.5B | ||
| Q4 24 | $13.5B | $7.2B | ||
| Q3 24 | $13.8B | $6.7B | ||
| Q2 24 | $13.8B | $6.5B | ||
| Q1 24 | $13.9B | $6.3B |
负债/权益比CFRBLX
| Q4 25 | 0.66× | 2.98× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.60× | 5.48× | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | 0.54× | — | ||
| 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 | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 16.7% | 21.8% |
| 资本支出强度资本支出/营收 | 12.1% | 21.1% |
| 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 | $1.4B |
8季度趋势，按日历期对齐
经营现金流CFRBLX
| Q4 25 | $539.0M | $607.0M | ||
| Q3 25 | $1.1B | $546.2M | ||
| Q2 25 | $563.0M | $199.3M | ||
| Q1 25 | $586.0M | $443.9M | ||
| Q4 24 | $420.0M | $184.5M | ||
| Q3 24 | $931.0M | $247.4M | ||
| Q2 24 | $475.0M | $151.4M | ||
| Q1 24 | $445.0M | $238.9M |
自由现金流CFRBLX
| Q4 25 | $313.0M | $308.6M | ||
| Q3 25 | $717.0M | $443.6M | ||
| Q2 25 | $318.0M | $176.7M | ||
| Q1 25 | $454.0M | $426.5M | ||
| Q4 24 | $223.0M | $120.6M | ||
| Q3 24 | $792.0M | $218.0M | ||
| Q2 24 | $391.0M | $111.7M | ||
| Q1 24 | $347.0M | $192.3M |
自由现金流率CFRBLX
| Q4 25 | 16.7% | 21.8% | ||
| Q3 25 | 43.2% | 32.6% | ||
| Q2 25 | 16.8% | 16.3% | ||
| Q1 25 | 27.3% | 41.2% | ||
| Q4 24 | 14.6% | 12.2% | ||
| Q3 24 | 57.8% | 23.7% | ||
| Q2 24 | 24.9% | 12.5% | ||
| Q1 24 | 23.6% | 24.0% |
资本支出强度CFRBLX
| Q4 25 | 12.1% | 21.1% | ||
| Q3 25 | 20.9% | 7.5% | ||
| Q2 25 | 13.0% | 2.1% | ||
| Q1 25 | 7.9% | 1.7% | ||
| Q4 24 | 12.9% | 6.5% | ||
| Q3 24 | 10.1% | 3.2% | ||
| Q2 24 | 5.3% | 4.4% | ||
| Q1 24 | 6.7% | 5.8% |
现金转化率CFRBLX
| 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× | — | ||
| 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% |
RBLX
暂无分部数据
