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CF Industries（CF）与STIFEL FINANCIAL CORP（SF）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STIFEL FINANCIAL CORP的1.7倍（$1.9B vs $1.1B），CF Industries净利率更高（26.4% vs 23.5%，领先3.0%），STIFEL FINANCIAL CORP同比增速更快（23.0% vs 22.8%），STIFEL FINANCIAL CORP自由现金流更多（$369.0M vs $313.0M），过去两年STIFEL FINANCIAL CORP的营收复合增速更高（21.1% 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。
司迪富金融是美国跨国独立投资银行及金融服务提供商，总部位于密苏里州圣路易斯市中心。其历史可追溯至1890年成立的Altheimer & Rawlings投资公司，1983年正式以Stifel为名成立，1986年11月24日在纽约证券交易所挂牌上市，为全球客户提供多元化金融服务。
CF vs SF — 直观对比
营收规模更大
CF
是对方的1.7倍
$1.1B
营收增速更快
SF
高出0.2%
22.8%
净利率更高
CF
高出3.0%
23.5%
自由现金流更多
SF
多$56.0M
$313.0M
两年增速更快
SF
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.1B |
| 净利润 | $495.0M | $264.4M |
| 毛利率 | 40.9% | — |
| 营业利润率 | 33.0% | 27.3% |
| 净利率 | 26.4% | 23.5% |
| 营收同比 | 22.8% | 23.0% |
| 净利润同比 | 26.3% | 8.3% |
| 每股收益（稀释后） | $2.56 | $2.30 |
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CFSF
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.7B | $962.6M | ||
| Q2 25 | $1.9B | $838.9M | ||
| Q1 25 | $1.7B | $842.5M | ||
| Q4 24 | $1.5B | $916.0M | ||
| Q3 24 | $1.4B | $810.9M | ||
| Q2 24 | $1.6B | $798.9M | ||
| Q1 24 | $1.5B | $768.1M |
净利润CFSF
| Q4 25 | $495.0M | $264.4M | ||
| Q3 25 | $460.0M | $211.4M | ||
| Q2 25 | $492.0M | $155.1M | ||
| Q1 25 | $351.0M | $53.0M | ||
| Q4 24 | $392.0M | $244.0M | ||
| Q3 24 | $341.0M | $158.5M | ||
| Q2 24 | $506.0M | $165.3M | ||
| Q1 24 | $238.0M | $163.6M |
毛利率CFSF
| 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% | — | ||
| Q1 24 | 27.8% | — |
营业利润率CFSF
| Q4 25 | 33.0% | 27.3% | ||
| Q3 25 | 35.0% | 29.7% | ||
| Q2 25 | 34.3% | 25.5% | ||
| Q1 25 | 27.4% | 7.5% | ||
| Q4 24 | 28.9% | 29.1% | ||
| Q3 24 | 26.6% | 26.7% | ||
| Q2 24 | 40.6% | 28.4% | ||
| Q1 24 | 20.6% | 28.5% |
净利率CFSF
| Q4 25 | 26.4% | 23.5% | ||
| Q3 25 | 27.7% | 22.0% | ||
| Q2 25 | 26.0% | 18.5% | ||
| Q1 25 | 21.1% | 6.3% | ||
| Q4 24 | 25.7% | 26.6% | ||
| Q3 24 | 24.9% | 19.5% | ||
| Q2 24 | 32.2% | 20.7% | ||
| Q1 24 | 16.2% | 21.3% |
每股收益（稀释后）CFSF
| Q4 25 | $2.56 | $2.30 | ||
| Q3 25 | $2.19 | $1.84 | ||
| Q2 25 | $2.37 | $1.34 | ||
| Q1 25 | $1.85 | $0.39 | ||
| Q4 24 | $1.86 | $2.10 | ||
| Q3 24 | $1.55 | $1.34 | ||
| Q2 24 | $2.30 | $1.41 | ||
| Q1 24 | $1.03 | $1.40 |
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 | $617.4M |
| 股东权益账面价值 | $4.8B | $6.0B |
| 总资产 | $14.1B | $41.3B |
| 负债/权益比越低杠杆越低 | 0.66× | 0.10× |
8季度趋势，按日历期对齐
现金及短期投资CFSF
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $3.4B |
总债务CFSF
| Q4 25 | $3.2B | $617.4M | ||
| Q3 25 | $3.0B | $617.2M | ||
| Q2 25 | $3.0B | $617.0M | ||
| Q1 25 | $3.0B | $616.8M | ||
| Q4 24 | $3.0B | $616.6M | ||
| Q3 24 | $3.0B | $616.4M | ||
| Q2 24 | $3.0B | $1.1B | ||
| Q1 24 | $3.0B | $1.1B |
股东权益CFSF
| Q4 25 | $4.8B | $6.0B | ||
| Q3 25 | $4.8B | $5.8B | ||
| Q2 25 | $5.0B | $5.6B | ||
| Q1 25 | $4.8B | $5.5B | ||
| Q4 24 | $5.0B | $5.7B | ||
| Q3 24 | $5.2B | $5.6B | ||
| Q2 24 | $5.5B | $5.4B | ||
| Q1 24 | $5.4B | $5.3B |
总资产CFSF
| Q4 25 | $14.1B | $41.3B | ||
| Q3 25 | $14.2B | $41.7B | ||
| Q2 25 | $13.8B | $39.9B | ||
| Q1 25 | $13.3B | $40.4B | ||
| Q4 24 | $13.5B | $39.9B | ||
| Q3 24 | $13.8B | $38.9B | ||
| Q2 24 | $13.8B | $37.8B | ||
| Q1 24 | $13.9B | $38.3B |
负债/权益比CFSF
| Q4 25 | 0.66× | 0.10× | ||
| Q3 25 | 0.61× | 0.11× | ||
| Q2 25 | 0.60× | 0.11× | ||
| Q1 25 | 0.62× | 0.11× | ||
| Q4 24 | 0.60× | 0.11× | ||
| Q3 24 | 0.57× | 0.11× | ||
| Q2 24 | 0.54× | 0.21× | ||
| Q1 24 | 0.55× | 0.21× |
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 | $382.4M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $369.0M |
| 自由现金流率自由现金流/营收 | 16.7% | 32.7% |
| 资本支出强度资本支出/营收 | 12.1% | 1.2% |
| 现金转化率经营现金流/净利润 | 1.09× | 1.45× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $1.1B |
8季度趋势，按日历期对齐
经营现金流CFSF
| Q4 25 | $539.0M | $382.4M | ||
| Q3 25 | $1.1B | $338.3M | ||
| Q2 25 | $563.0M | $607.5M | ||
| Q1 25 | $586.0M | $-211.2M | ||
| Q4 24 | $420.0M | $694.6M | ||
| Q3 24 | $931.0M | $198.3M | ||
| Q2 24 | $475.0M | $207.2M | ||
| Q1 24 | $445.0M | $-609.7M |
自由现金流CFSF
| Q4 25 | $313.0M | $369.0M | ||
| Q3 25 | $717.0M | $321.1M | ||
| Q2 25 | $318.0M | $592.7M | ||
| Q1 25 | $454.0M | $-227.8M | ||
| Q4 24 | $223.0M | $677.2M | ||
| Q3 24 | $792.0M | $185.6M | ||
| Q2 24 | $391.0M | $173.3M | ||
| Q1 24 | $347.0M | $-619.4M |
自由现金流率CFSF
| Q4 25 | 16.7% | 32.7% | ||
| Q3 25 | 43.2% | 33.4% | ||
| Q2 25 | 16.8% | 70.6% | ||
| Q1 25 | 27.3% | -27.0% | ||
| Q4 24 | 14.6% | 73.9% | ||
| Q3 24 | 57.8% | 22.9% | ||
| Q2 24 | 24.9% | 21.7% | ||
| Q1 24 | 23.6% | -80.6% |
资本支出强度CFSF
| Q4 25 | 12.1% | 1.2% | ||
| Q3 25 | 20.9% | 1.8% | ||
| Q2 25 | 13.0% | 1.8% | ||
| Q1 25 | 7.9% | 2.0% | ||
| Q4 24 | 12.9% | 1.9% | ||
| Q3 24 | 10.1% | 1.6% | ||
| Q2 24 | 5.3% | 4.2% | ||
| Q1 24 | 6.7% | 1.3% |
现金转化率CFSF
| Q4 25 | 1.09× | 1.45× | ||
| Q3 25 | 2.31× | 1.60× | ||
| Q2 25 | 1.14× | 3.92× | ||
| Q1 25 | 1.67× | -3.99× | ||
| Q4 24 | 1.07× | 2.85× | ||
| Q3 24 | 2.73× | 1.25× | ||
| Q2 24 | 0.94× | 1.25× | ||
| Q1 24 | 1.87× | -3.73× |
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% |
SF
暂无分部数据
