vs
CF Industries（CF）与Champion Homes, Inc.（SKY）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Champion Homes, Inc.的2.9倍（$1.9B vs $656.6M）。CF Industries净利率更高（26.4% vs 8.3%，领先18.2%）。CF Industries同比增速更快（22.8% vs 1.8%）。CF Industries自由现金流更多（$313.0M vs $92.9M）。过去两年CF Industries的营收复合增速更高（12.8% vs 10.6%）
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。
Champion Homes, Inc.是移动及模块化住宅制造企业，为北美头部模块化住宅建造商之一，业务覆盖美国及加拿大西部地区，提供工厂预制住宅产品，可满足不同场景的居住需求，凭借工业化生产优势保障住房品质与交付效率。
CF vs SKY — 直观对比
营收规模更大
CF
是对方的2.9倍
$656.6M
营收增速更快
CF
高出21.0%
1.8%
净利率更高
CF
高出18.2%
8.3%
自由现金流更多
CF
多$220.1M
$92.9M
两年增速更快
CF
近两年复合增速
10.6%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $656.6M |
| 净利润 | $495.0M | $54.3M |
| 毛利率 | 40.9% | 26.2% |
| 营业利润率 | 33.0% | 9.5% |
| 净利率 | 26.4% | 8.3% |
| 营收同比 | 22.8% | 1.8% |
| 净利润同比 | 26.3% | -11.7% |
| 每股收益（稀释后） | $2.56 | $0.97 |
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CFSKY
| Q4 25 | $1.9B | $656.6M | ||
| Q3 25 | $1.7B | $684.4M | ||
| Q2 25 | $1.9B | $701.3M | ||
| Q1 25 | $1.7B | $593.9M | ||
| Q4 24 | $1.5B | $644.9M | ||
| Q3 24 | $1.4B | $616.9M | ||
| Q2 24 | $1.6B | $627.8M | ||
| Q1 24 | $1.5B | $536.4M |
净利润CFSKY
| Q4 25 | $495.0M | $54.3M | ||
| Q3 25 | $460.0M | $58.2M | ||
| Q2 25 | $492.0M | $64.7M | ||
| Q1 25 | $351.0M | $36.3M | ||
| Q4 24 | $392.0M | $61.5M | ||
| Q3 24 | $341.0M | $54.7M | ||
| Q2 24 | $506.0M | $45.8M | ||
| Q1 24 | $238.0M | $2.8M |
毛利率CFSKY
| Q4 25 | 40.9% | 26.2% | ||
| Q3 25 | 38.1% | 27.5% | ||
| Q2 25 | 39.9% | 27.1% | ||
| Q1 25 | 34.4% | 25.7% | ||
| Q4 24 | 34.4% | 28.1% | ||
| Q3 24 | 32.4% | 27.0% | ||
| Q2 24 | 43.2% | 26.2% | ||
| Q1 24 | 27.8% | 18.3% |
营业利润率CFSKY
| Q4 25 | 33.0% | 9.5% | ||
| Q3 25 | 35.0% | 10.9% | ||
| Q2 25 | 34.3% | 11.2% | ||
| Q1 25 | 27.4% | 7.1% | ||
| Q4 24 | 28.9% | 11.3% | ||
| Q3 24 | 26.6% | 10.8% | ||
| Q2 24 | 40.6% | 8.8% | ||
| Q1 24 | 20.6% | 1.4% |
净利率CFSKY
| Q4 25 | 26.4% | 8.3% | ||
| Q3 25 | 27.7% | 8.5% | ||
| Q2 25 | 26.0% | 9.2% | ||
| Q1 25 | 21.1% | 6.1% | ||
| Q4 24 | 25.7% | 9.5% | ||
| Q3 24 | 24.9% | 8.9% | ||
| Q2 24 | 32.2% | 7.3% | ||
| Q1 24 | 16.2% | 0.5% |
每股收益（稀释后）CFSKY
| Q4 25 | $2.56 | $0.97 | ||
| Q3 25 | $2.19 | $1.03 | ||
| Q2 25 | $2.37 | $1.13 | ||
| Q1 25 | $1.85 | $0.63 | ||
| Q4 24 | $1.86 | $1.06 | ||
| Q3 24 | $1.55 | $0.94 | ||
| Q2 24 | $2.30 | $0.79 | ||
| Q1 24 | $1.03 | $0.04 |
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 | — | $659.8M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $4.8B | $1.6B |
| 总资产 | $14.1B | $2.1B |
| 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CFSKY
| Q4 25 | — | $659.8M | ||
| Q3 25 | — | $618.7M | ||
| Q2 25 | — | $605.3M | ||
| Q1 25 | — | $610.3M | ||
| Q4 24 | — | $581.8M | ||
| Q3 24 | — | $570.2M | ||
| Q2 24 | — | $548.9M | ||
| Q1 24 | — | $495.1M |
总债务CFSKY
| 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CFSKY
| Q4 25 | $4.8B | $1.6B | ||
| Q3 25 | $4.8B | $1.6B | ||
| Q2 25 | $5.0B | $1.6B | ||
| Q1 25 | $4.8B | $1.5B | ||
| Q4 24 | $5.0B | $1.5B | ||
| Q3 24 | $5.2B | $1.5B | ||
| Q2 24 | $5.5B | $1.5B | ||
| Q1 24 | $5.4B | $1.4B |
总资产CFSKY
| Q4 25 | $14.1B | $2.1B | ||
| Q3 25 | $14.2B | $2.1B | ||
| Q2 25 | $13.8B | $2.1B | ||
| Q1 25 | $13.3B | $2.1B | ||
| Q4 24 | $13.5B | $2.0B | ||
| Q3 24 | $13.8B | $2.0B | ||
| Q2 24 | $13.8B | $2.0B | ||
| Q1 24 | $13.9B | $1.9B |
负债/权益比CFSKY
| 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 | $100.0M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $92.9M |
| 自由现金流率自由现金流/营收 | 16.7% | 14.1% |
| 资本支出强度资本支出/营收 | 12.1% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.09× | 1.84× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $259.7M |
8季度趋势，按日历期对齐
经营现金流CFSKY
| Q4 25 | $539.0M | $100.0M | ||
| Q3 25 | $1.1B | $75.9M | ||
| Q2 25 | $563.0M | $75.3M | ||
| Q1 25 | $586.0M | $46.0M | ||
| Q4 24 | $420.0M | $50.4M | ||
| Q3 24 | $931.0M | $59.8M | ||
| Q2 24 | $475.0M | $84.6M | ||
| Q1 24 | $445.0M | — |
自由现金流CFSKY
| Q4 25 | $313.0M | $92.9M | ||
| Q3 25 | $717.0M | $67.0M | ||
| Q2 25 | $318.0M | $66.4M | ||
| Q1 25 | $454.0M | $33.4M | ||
| Q4 24 | $223.0M | $37.3M | ||
| Q3 24 | $792.0M | $45.7M | ||
| Q2 24 | $391.0M | $73.9M | ||
| Q1 24 | $347.0M | — |
自由现金流率CFSKY
| Q4 25 | 16.7% | 14.1% | ||
| Q3 25 | 43.2% | 9.8% | ||
| Q2 25 | 16.8% | 9.5% | ||
| Q1 25 | 27.3% | 5.6% | ||
| Q4 24 | 14.6% | 5.8% | ||
| Q3 24 | 57.8% | 7.4% | ||
| Q2 24 | 24.9% | 11.8% | ||
| Q1 24 | 23.6% | — |
资本支出强度CFSKY
| Q4 25 | 12.1% | 1.1% | ||
| Q3 25 | 20.9% | 1.3% | ||
| Q2 25 | 13.0% | 1.3% | ||
| Q1 25 | 7.9% | 2.1% | ||
| Q4 24 | 12.9% | 2.0% | ||
| Q3 24 | 10.1% | 2.3% | ||
| Q2 24 | 5.3% | 1.7% | ||
| Q1 24 | 6.7% | — |
现金转化率CFSKY
| Q4 25 | 1.09× | 1.84× | ||
| Q3 25 | 2.31× | 1.30× | ||
| Q2 25 | 1.14× | 1.16× | ||
| Q1 25 | 1.67× | 1.27× | ||
| Q4 24 | 1.07× | 0.82× | ||
| Q3 24 | 2.73× | 1.09× | ||
| Q2 24 | 0.94× | 1.85× | ||
| 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% |
SKY
| Manufacturing | $369.7M | 56% |
| Retail | $252.7M | 38% |
| Canadian Factory Built Housing | $25.8M | 4% |
| Transportation And Other | $8.5M | 1% |
