vs
CF Industries（CF）与REGAL REXNORD CORP（RRX）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REGAL REXNORD CORP的1.2倍（$1.9B vs $1.5B），CF Industries净利率更高（26.4% vs 4.2%，领先22.3%），CF Industries同比增速更快（22.8% vs 4.3%），CF Industries自由现金流更多（$313.0M vs $140.6M），过去两年CF Industries的营收复合增速更高（12.8% vs -0.8%）
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。
Regal Rexnord Corporation（股票代码RRX）总部位于美国威斯康星州密尔沃基，是专业生产电动机与动力传动部件的制造商，在美国、加拿大、墨西哥、欧洲及亚洲多地设有生产、销售及服务机构，全球员工约2.9万人。
CF vs RRX — 直观对比
营收规模更大
CF
是对方的1.2倍
$1.5B
营收增速更快
CF
高出18.6%
4.3%
净利率更高
CF
高出22.3%
4.2%
自由现金流更多
CF
多$172.4M
$140.6M
两年增速更快
CF
近两年复合增速
-0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.5B |
| 净利润 | $495.0M | $63.4M |
| 毛利率 | 40.9% | 37.5% |
| 营业利润率 | 33.0% | 10.8% |
| 净利率 | 26.4% | 4.2% |
| 营收同比 | 22.8% | 4.3% |
| 净利润同比 | 26.3% | 53.9% |
| 每股收益（稀释后） | $2.56 | $0.95 |
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CFRRX
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.5B | $1.5B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.5B | $1.5B |
净利润CFRRX
| Q4 25 | $495.0M | $63.4M | ||
| Q3 25 | $460.0M | $79.6M | ||
| Q2 25 | $492.0M | $79.2M | ||
| Q1 25 | $351.0M | $57.3M | ||
| Q4 24 | $392.0M | $41.2M | ||
| Q3 24 | $341.0M | $72.7M | ||
| Q2 24 | $506.0M | $62.5M | ||
| Q1 24 | $238.0M | $19.8M |
毛利率CFRRX
| Q4 25 | 40.9% | 37.5% | ||
| Q3 25 | 38.1% | 37.0% | ||
| Q2 25 | 39.9% | 37.7% | ||
| Q1 25 | 34.4% | 37.2% | ||
| Q4 24 | 34.4% | 34.9% | ||
| Q3 24 | 32.4% | 37.7% | ||
| Q2 24 | 43.2% | 36.9% | ||
| Q1 24 | 27.8% | 35.7% |
营业利润率CFRRX
| Q4 25 | 33.0% | 10.8% | ||
| Q3 25 | 35.0% | 11.6% | ||
| Q2 25 | 34.3% | 12.2% | ||
| Q1 25 | 27.4% | 11.3% | ||
| Q4 24 | 28.9% | 8.8% | ||
| Q3 24 | 26.6% | 11.8% | ||
| Q2 24 | 40.6% | 12.5% | ||
| Q1 24 | 20.6% | 8.7% |
净利率CFRRX
| Q4 25 | 26.4% | 4.2% | ||
| Q3 25 | 27.7% | 5.3% | ||
| Q2 25 | 26.0% | 5.3% | ||
| Q1 25 | 21.1% | 4.0% | ||
| Q4 24 | 25.7% | 2.8% | ||
| Q3 24 | 24.9% | 4.9% | ||
| Q2 24 | 32.2% | 4.0% | ||
| Q1 24 | 16.2% | 1.3% |
每股收益（稀释后）CFRRX
| Q4 25 | $2.56 | $0.95 | ||
| Q3 25 | $2.19 | $1.20 | ||
| Q2 25 | $2.37 | $1.19 | ||
| Q1 25 | $1.85 | $0.86 | ||
| Q4 24 | $1.86 | $0.61 | ||
| Q3 24 | $1.55 | $1.09 | ||
| Q2 24 | $2.30 | $0.94 | ||
| Q1 24 | $1.03 | $0.30 |
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 | — | $521.7M |
| 总债务越低越好 | $3.2B | $4.8B |
| 股东权益账面价值 | $4.8B | $6.8B |
| 总资产 | $14.1B | $13.9B |
| 负债/权益比越低杠杆越低 | 0.66× | 0.70× |
8季度趋势，按日历期对齐
现金及短期投资CFRRX
| Q4 25 | — | $521.7M | ||
| Q3 25 | — | $400.0M | ||
| Q2 25 | — | $320.1M | ||
| Q1 25 | — | $305.3M | ||
| Q4 24 | — | $393.5M | ||
| Q3 24 | — | $458.6M | ||
| Q2 24 | — | $510.4M | ||
| Q1 24 | — | $465.3M |
总债务CFRRX
| Q4 25 | $3.2B | $4.8B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $5.5B | ||
| Q3 24 | $3.0B | $5.7B | ||
| Q2 24 | $3.0B | $5.8B | ||
| Q1 24 | $3.0B | $6.2B |
股东权益CFRRX
| Q4 25 | $4.8B | $6.8B | ||
| Q3 25 | $4.8B | $6.8B | ||
| Q2 25 | $5.0B | $6.7B | ||
| Q1 25 | $4.8B | $6.4B | ||
| Q4 24 | $5.0B | $6.3B | ||
| Q3 24 | $5.2B | $6.5B | ||
| Q2 24 | $5.5B | $6.4B | ||
| Q1 24 | $5.4B | $6.3B |
总资产CFRRX
| Q4 25 | $14.1B | $13.9B | ||
| Q3 25 | $14.2B | $13.9B | ||
| Q2 25 | $13.8B | $13.9B | ||
| Q1 25 | $13.3B | $14.0B | ||
| Q4 24 | $13.5B | $14.0B | ||
| Q3 24 | $13.8B | $14.6B | ||
| Q2 24 | $13.8B | $14.6B | ||
| Q1 24 | $13.9B | $15.1B |
负债/权益比CFRRX
| Q4 25 | 0.66× | 0.70× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.60× | 0.88× | ||
| Q3 24 | 0.57× | 0.87× | ||
| Q2 24 | 0.54× | 0.91× | ||
| Q1 24 | 0.55× | 1.00× |
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 | $167.8M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $140.6M |
| 自由现金流率自由现金流/营收 | 16.7% | 9.2% |
| 资本支出强度资本支出/营收 | 12.1% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.09× | 2.65× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $893.1M |
8季度趋势，按日历期对齐
经营现金流CFRRX
| Q4 25 | $539.0M | $167.8M | ||
| Q3 25 | $1.1B | $197.5M | ||
| Q2 25 | $563.0M | $523.2M | ||
| Q1 25 | $586.0M | $102.3M | ||
| Q4 24 | $420.0M | $213.2M | ||
| Q3 24 | $931.0M | $154.8M | ||
| Q2 24 | $475.0M | $158.3M | ||
| Q1 24 | $445.0M | $83.1M |
自由现金流CFRRX
| Q4 25 | $313.0M | $140.6M | ||
| Q3 25 | $717.0M | $174.0M | ||
| Q2 25 | $318.0M | $493.0M | ||
| Q1 25 | $454.0M | $85.5M | ||
| Q4 24 | $223.0M | $183.9M | ||
| Q3 24 | $792.0M | $125.5M | ||
| Q2 24 | $391.0M | $125.9M | ||
| Q1 24 | $347.0M | $64.6M |
自由现金流率CFRRX
| Q4 25 | 16.7% | 9.2% | ||
| Q3 25 | 43.2% | 11.6% | ||
| Q2 25 | 16.8% | 33.0% | ||
| Q1 25 | 27.3% | 6.0% | ||
| Q4 24 | 14.6% | 12.6% | ||
| Q3 24 | 57.8% | 8.5% | ||
| Q2 24 | 24.9% | 8.1% | ||
| Q1 24 | 23.6% | 4.2% |
资本支出强度CFRRX
| Q4 25 | 12.1% | 1.8% | ||
| Q3 25 | 20.9% | 1.6% | ||
| Q2 25 | 13.0% | 2.0% | ||
| Q1 25 | 7.9% | 1.2% | ||
| Q4 24 | 12.9% | 2.0% | ||
| Q3 24 | 10.1% | 2.0% | ||
| Q2 24 | 5.3% | 2.1% | ||
| Q1 24 | 6.7% | 1.2% |
现金转化率CFRRX
| Q4 25 | 1.09× | 2.65× | ||
| Q3 25 | 2.31× | 2.48× | ||
| Q2 25 | 1.14× | 6.61× | ||
| Q1 25 | 1.67× | 1.79× | ||
| Q4 24 | 1.07× | 5.17× | ||
| Q3 24 | 2.73× | 2.13× | ||
| Q2 24 | 0.94× | 2.53× | ||
| Q1 24 | 1.87× | 4.20× |
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% |
RRX
| Other | $470.6M | 31% |
| Industrial Powertrain Solutions Segment | $441.8M | 29% |
| Automation And Motion Control Segment | $327.7M | 22% |
| Power Efficiency Solutions Segment | $283.2M | 19% |
