vs
CF Industries（CF）与RENAISSANCERE HOLDINGS LTD（RNR）财务数据对比。点击上方公司名可切换其他公司
RENAISSANCERE HOLDINGS LTD的季度营收约是CF Industries的1.2倍（$2.2B vs $1.9B），CF Industries净利率更高（26.4% vs 23.5%，领先2.9%），CF Industries同比增速更快（22.8% vs -36.8%），过去两年CF Industries的营收复合增速更高（12.8% vs -11.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
CF vs RNR — 直观对比
营收规模更大
RNR
是对方的1.2倍
$1.9B
营收增速更快
CF
高出59.6%
-36.8%
净利率更高
CF
高出2.9%
23.5%
两年增速更快
CF
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.2B |
| 净利润 | $495.0M | $515.8M |
| 毛利率 | 40.9% | — |
| 营业利润率 | 33.0% | — |
| 净利率 | 26.4% | 23.5% |
| 营收同比 | 22.8% | -36.8% |
| 净利润同比 | 26.3% | 72.6% |
| 每股收益（稀释后） | $2.56 | $6.57 |
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CFRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.9B | $3.0B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | $1.7B | $3.5B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.4B | $4.0B | ||
| Q2 24 | $1.6B | $2.8B |
净利润CFRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $495.0M | $760.5M | ||
| Q3 25 | $460.0M | $916.5M | ||
| Q2 25 | $492.0M | $835.4M | ||
| Q1 25 | $351.0M | $170.0M | ||
| Q4 24 | $392.0M | $-189.7M | ||
| Q3 24 | $341.0M | $1.2B | ||
| Q2 24 | $506.0M | $503.9M |
毛利率CFRNR
| Q1 26 | — | — | ||
| Q4 25 | 40.9% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 39.9% | — | ||
| Q1 25 | 34.4% | — | ||
| Q4 24 | 34.4% | — | ||
| Q3 24 | 32.4% | — | ||
| Q2 24 | 43.2% | — |
营业利润率CFRNR
| Q1 26 | — | — | ||
| Q4 25 | 33.0% | 42.5% | ||
| Q3 25 | 35.0% | 46.3% | ||
| Q2 25 | 34.3% | 41.8% | ||
| Q1 25 | 27.4% | -2.0% | ||
| Q4 24 | 28.9% | -3.6% | ||
| Q3 24 | 26.6% | 43.7% | ||
| Q2 24 | 40.6% | 25.0% |
净利率CFRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 26.4% | 25.6% | ||
| Q3 25 | 27.7% | 28.7% | ||
| Q2 25 | 26.0% | 26.1% | ||
| Q1 25 | 21.1% | 4.9% | ||
| Q4 24 | 25.7% | -8.3% | ||
| Q3 24 | 24.9% | 29.8% | ||
| Q2 24 | 32.2% | 17.8% |
每股收益（稀释后）CFRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $2.56 | $16.16 | ||
| Q3 25 | $2.19 | $19.40 | ||
| Q2 25 | $2.37 | $17.20 | ||
| Q1 25 | $1.85 | $3.27 | ||
| Q4 24 | $1.86 | $-3.76 | ||
| Q3 24 | $1.55 | $22.62 | ||
| Q2 24 | $2.30 | $9.41 |
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 | — | $1.6B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $4.8B | $4.3B |
| 总资产 | $14.1B | $53.7B |
| 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CFRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B |
总债务CFRNR
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $2.3B | ||
| Q3 25 | $3.0B | $2.2B | ||
| Q2 25 | $3.0B | $2.3B | ||
| Q1 25 | $3.0B | $2.8B | ||
| Q4 24 | $3.0B | $1.9B | ||
| Q3 24 | $3.0B | $1.9B | ||
| Q2 24 | $3.0B | $2.0B |
股东权益CFRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $4.8B | $11.6B | ||
| Q3 25 | $4.8B | $11.5B | ||
| Q2 25 | $5.0B | $10.8B | ||
| Q1 25 | $4.8B | $10.3B | ||
| Q4 24 | $5.0B | $10.6B | ||
| Q3 24 | $5.2B | $11.2B | ||
| Q2 24 | $5.5B | $10.2B |
总资产CFRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $14.1B | $53.8B | ||
| Q3 25 | $14.2B | $54.5B | ||
| Q2 25 | $13.8B | $54.7B | ||
| Q1 25 | $13.3B | $53.6B | ||
| Q4 24 | $13.5B | $50.7B | ||
| Q3 24 | $13.8B | $52.8B | ||
| Q2 24 | $13.8B | $51.6B |
负债/权益比CFRNR
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | 0.20× | ||
| Q3 25 | 0.61× | 0.19× | ||
| Q2 25 | 0.60× | 0.21× | ||
| Q1 25 | 0.62× | 0.27× | ||
| Q4 24 | 0.60× | 0.18× | ||
| Q3 24 | 0.57× | 0.17× | ||
| Q2 24 | 0.54× | 0.19× |
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 | — |
| 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CFRNR
| Q1 26 | — | — | ||
| Q4 25 | $539.0M | $483.0M | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $563.0M | $1.5B | ||
| Q1 25 | $586.0M | $157.8M | ||
| Q4 24 | $420.0M | $778.9M | ||
| Q3 24 | $931.0M | $1.5B | ||
| Q2 24 | $475.0M | $1.2B |
自由现金流CFRNR
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率CFRNR
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度CFRNR
| Q1 26 | — | — | ||
| 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% | — |
现金转化率CFRNR
| Q1 26 | — | — | ||
| Q4 25 | 1.09× | 0.64× | ||
| Q3 25 | 2.31× | 1.73× | ||
| Q2 25 | 1.14× | 1.76× | ||
| Q1 25 | 1.67× | 0.93× | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | 1.26× | ||
| Q2 24 | 0.94× | 2.41× |
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% |
RNR
暂无分部数据
