vs
CF Industries（CF）与拉夫劳伦（RL）财务数据对比。点击上方公司名可切换其他公司
拉夫劳伦的季度营收约是CF Industries的1.3倍（$2.4B vs $1.9B），CF Industries净利率更高（26.4% vs 15.0%，领先11.4%），CF Industries同比增速更快（22.8% vs 12.2%），拉夫劳伦自由现金流更多（$704.0M vs $313.0M），过去两年拉夫劳伦的营收复合增速更高（23.9% 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。
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
CF vs RL — 直观对比
营收规模更大
RL
是对方的1.3倍
$1.9B
营收增速更快
CF
高出10.6%
12.2%
净利率更高
CF
高出11.4%
15.0%
自由现金流更多
RL
多$391.0M
$313.0M
两年增速更快
RL
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.4B |
| 净利润 | $495.0M | $361.6M |
| 毛利率 | 40.9% | 69.9% |
| 营业利润率 | 33.0% | 19.6% |
| 净利率 | 26.4% | 15.0% |
| 营收同比 | 22.8% | 12.2% |
| 净利润同比 | 26.3% | 21.6% |
| 每股收益（稀释后） | $2.56 | $5.82 |
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CFRL
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.7B | $1.7B | ||
| Q4 24 | $1.5B | $2.1B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.5B | $1.6B |
净利润CFRL
| Q4 25 | $495.0M | $361.6M | ||
| Q3 25 | $460.0M | $207.5M | ||
| Q2 25 | $492.0M | $220.4M | ||
| Q1 25 | $351.0M | $129.0M | ||
| Q4 24 | $392.0M | $297.4M | ||
| Q3 24 | $341.0M | $147.9M | ||
| Q2 24 | $506.0M | $168.6M | ||
| Q1 24 | $238.0M | $90.7M |
毛利率CFRL
| Q4 25 | 40.9% | 69.9% | ||
| Q3 25 | 38.1% | 68.0% | ||
| Q2 25 | 39.9% | 72.3% | ||
| Q1 25 | 34.4% | 68.7% | ||
| Q4 24 | 34.4% | 68.4% | ||
| Q3 24 | 32.4% | 67.0% | ||
| Q2 24 | 43.2% | 70.5% | ||
| Q1 24 | 27.8% | 66.6% |
营业利润率CFRL
| Q4 25 | 33.0% | 19.6% | ||
| Q3 25 | 35.0% | 12.2% | ||
| Q2 25 | 34.3% | 15.9% | ||
| Q1 25 | 27.4% | 9.1% | ||
| Q4 24 | 28.9% | 18.2% | ||
| Q3 24 | 26.6% | 10.4% | ||
| Q2 24 | 40.6% | 13.8% | ||
| Q1 24 | 20.6% | 6.9% |
净利率CFRL
| Q4 25 | 26.4% | 15.0% | ||
| Q3 25 | 27.7% | 10.3% | ||
| Q2 25 | 26.0% | 12.8% | ||
| Q1 25 | 21.1% | 7.6% | ||
| Q4 24 | 25.7% | 13.9% | ||
| Q3 24 | 24.9% | 8.6% | ||
| Q2 24 | 32.2% | 11.1% | ||
| Q1 24 | 16.2% | 5.8% |
每股收益（稀释后）CFRL
| Q4 25 | $2.56 | $5.82 | ||
| Q3 25 | $2.19 | $3.32 | ||
| Q2 25 | $2.37 | $3.52 | ||
| Q1 25 | $1.85 | $2.03 | ||
| Q4 24 | $1.86 | $4.66 | ||
| Q3 24 | $1.55 | $2.31 | ||
| Q2 24 | $2.30 | $2.61 | ||
| Q1 24 | $1.03 | $1.37 |
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 | — | $2.3B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $4.8B | $2.9B |
| 总资产 | $14.1B | $7.8B |
| 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CFRL
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.8B |
总债务CFRL
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
股东权益CFRL
| Q4 25 | $4.8B | $2.9B | ||
| Q3 25 | $4.8B | $2.6B | ||
| Q2 25 | $5.0B | $2.5B | ||
| Q1 25 | $4.8B | $2.6B | ||
| Q4 24 | $5.0B | $2.5B | ||
| Q3 24 | $5.2B | $2.4B | ||
| Q2 24 | $5.5B | $2.4B | ||
| Q1 24 | $5.4B | $2.5B |
总资产CFRL
| Q4 25 | $14.1B | $7.8B | ||
| Q3 25 | $14.2B | $7.3B | ||
| Q2 25 | $13.8B | $7.8B | ||
| Q1 25 | $13.3B | $7.0B | ||
| Q4 24 | $13.5B | $7.1B | ||
| Q3 24 | $13.8B | $6.8B | ||
| Q2 24 | $13.8B | $6.6B | ||
| Q1 24 | $13.9B | $6.6B |
负债/权益比CFRL
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.60× | — | ||
| 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 | $779.6M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $704.0M |
| 自由现金流率自由现金流/营收 | 16.7% | 29.3% |
| 资本支出强度资本支出/营收 | 12.1% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.09× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $694.5M |
8季度趋势，按日历期对齐
经营现金流CFRL
| Q4 25 | $539.0M | $779.6M | ||
| Q3 25 | $1.1B | $53.2M | ||
| Q2 25 | $563.0M | $176.1M | ||
| Q1 25 | $586.0M | $122.2M | ||
| Q4 24 | $420.0M | $738.4M | ||
| Q3 24 | $931.0M | $97.2M | ||
| Q2 24 | $475.0M | $277.3M | ||
| Q1 24 | $445.0M | — |
自由现金流CFRL
| Q4 25 | $313.0M | $704.0M | ||
| Q3 25 | $717.0M | $-40.6M | ||
| Q2 25 | $318.0M | $-11.2M | ||
| Q1 25 | $454.0M | $42.3M | ||
| Q4 24 | $223.0M | $677.2M | ||
| Q3 24 | $792.0M | $55.5M | ||
| Q2 24 | $391.0M | $243.9M | ||
| Q1 24 | $347.0M | — |
自由现金流率CFRL
| Q4 25 | 16.7% | 29.3% | ||
| Q3 25 | 43.2% | -2.0% | ||
| Q2 25 | 16.8% | -0.7% | ||
| Q1 25 | 27.3% | 2.5% | ||
| Q4 24 | 14.6% | 31.6% | ||
| Q3 24 | 57.8% | 3.2% | ||
| Q2 24 | 24.9% | 16.1% | ||
| Q1 24 | 23.6% | — |
资本支出强度CFRL
| Q4 25 | 12.1% | 3.1% | ||
| Q3 25 | 20.9% | 4.7% | ||
| Q2 25 | 13.0% | 10.9% | ||
| Q1 25 | 7.9% | 4.7% | ||
| Q4 24 | 12.9% | 2.9% | ||
| Q3 24 | 10.1% | 2.4% | ||
| Q2 24 | 5.3% | 2.2% | ||
| Q1 24 | 6.7% | — |
现金转化率CFRL
| Q4 25 | 1.09× | 2.16× | ||
| Q3 25 | 2.31× | 0.26× | ||
| Q2 25 | 1.14× | 0.80× | ||
| Q1 25 | 1.67× | 0.95× | ||
| Q4 24 | 1.07× | 2.48× | ||
| Q3 24 | 2.73× | 0.66× | ||
| Q2 24 | 0.94× | 1.64× | ||
| 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% |
RL
暂无分部数据
