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CF Industries（CF）与Snap Inc（SNAP）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Snap Inc的1.3倍（$2.0B vs $1.5B），CF Industries净利率更高（31.0% vs -5.8%，领先36.8%），CF Industries同比增速更快（19.4% vs 12.1%），CF Industries自由现金流更多（$1.7B vs $286.0M），过去两年CF Industries的营收复合增速更高（12.4% vs 11.2%）
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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
CF vs SNAP — 直观对比
营收规模更大
CF
是对方的1.3倍
$1.5B
营收增速更快
CF
高出7.3%
12.1%
净利率更高
CF
高出36.8%
-5.8%
自由现金流更多
CF
多$1.4B
$286.0M
两年增速更快
CF
近两年复合增速
11.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.5B |
| 净利润 | $615.0M | $-89.0M |
| 毛利率 | 37.6% | 56.5% |
| 营业利润率 | 43.5% | -4.9% |
| 净利率 | 31.0% | -5.8% |
| 营收同比 | 19.4% | 12.1% |
| 净利润同比 | 97.1% | 36.3% |
| 每股收益（稀释后） | $3.98 | $-0.05 |
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CFSNAP
| Q1 26 | $2.0B | $1.5B | ||
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.6B | $1.2B |
净利润CFSNAP
| Q1 26 | $615.0M | $-89.0M | ||
| Q4 25 | $495.0M | $45.2M | ||
| Q3 25 | $460.0M | $-103.5M | ||
| Q2 25 | $492.0M | $-262.6M | ||
| Q1 25 | $351.0M | $-139.6M | ||
| Q4 24 | $392.0M | $9.1M | ||
| Q3 24 | $341.0M | $-153.2M | ||
| Q2 24 | $506.0M | $-248.6M |
毛利率CFSNAP
| Q1 26 | 37.6% | 56.5% | ||
| Q4 25 | 40.9% | 59.1% | ||
| Q3 25 | 38.1% | 55.3% | ||
| Q2 25 | 39.9% | 51.4% | ||
| Q1 25 | 34.4% | 53.1% | ||
| Q4 24 | 34.4% | 56.9% | ||
| Q3 24 | 32.4% | 53.5% | ||
| Q2 24 | 43.2% | 52.4% |
营业利润率CFSNAP
| Q1 26 | 43.5% | -4.9% | ||
| Q4 25 | 33.0% | 2.9% | ||
| Q3 25 | 35.0% | -8.5% | ||
| Q2 25 | 34.3% | -19.3% | ||
| Q1 25 | 27.4% | -14.2% | ||
| Q4 24 | 28.9% | -1.7% | ||
| Q3 24 | 26.6% | -12.6% | ||
| Q2 24 | 40.6% | -20.5% |
净利率CFSNAP
| Q1 26 | 31.0% | -5.8% | ||
| Q4 25 | 26.4% | 2.6% | ||
| Q3 25 | 27.7% | -6.9% | ||
| Q2 25 | 26.0% | -19.5% | ||
| Q1 25 | 21.1% | -10.2% | ||
| Q4 24 | 25.7% | 0.6% | ||
| Q3 24 | 24.9% | -11.2% | ||
| Q2 24 | 32.2% | -20.1% |
每股收益（稀释后）CFSNAP
| Q1 26 | $3.98 | $-0.05 | ||
| Q4 25 | $2.56 | $0.03 | ||
| Q3 25 | $2.19 | $-0.06 | ||
| Q2 25 | $2.37 | $-0.16 | ||
| Q1 25 | $1.85 | $-0.08 | ||
| Q4 24 | $1.86 | $0.01 | ||
| Q3 24 | $1.55 | $-0.09 | ||
| Q2 24 | $2.30 | $-0.15 |
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 | — | $1.1B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $5.3B | $2.1B |
| 总资产 | $14.6B | $7.5B |
| 负债/权益比越低杠杆越低 | 0.60× | — |
8季度趋势，按日历期对齐
现金及短期投资CFSNAP
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.1B |
总债务CFSNAP
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $3.5B | ||
| Q3 25 | $3.0B | $3.5B | ||
| Q2 25 | $3.0B | $3.6B | ||
| Q1 25 | $3.0B | $3.6B | ||
| Q4 24 | $3.0B | $3.6B | ||
| Q3 24 | $3.0B | $3.6B | ||
| Q2 24 | $3.0B | $3.6B |
股东权益CFSNAP
| Q1 26 | $5.3B | $2.1B | ||
| Q4 25 | $4.8B | $2.3B | ||
| Q3 25 | $4.8B | $2.2B | ||
| Q2 25 | $5.0B | $2.1B | ||
| Q1 25 | $4.8B | $2.3B | ||
| Q4 24 | $5.0B | $2.5B | ||
| Q3 24 | $5.2B | $2.2B | ||
| Q2 24 | $5.5B | $2.1B |
总资产CFSNAP
| Q1 26 | $14.6B | $7.5B | ||
| Q4 25 | $14.1B | $7.7B | ||
| Q3 25 | $14.2B | $7.6B | ||
| Q2 25 | $13.8B | $7.4B | ||
| Q1 25 | $13.3B | $7.6B | ||
| Q4 24 | $13.5B | $7.9B | ||
| Q3 24 | $13.8B | $7.6B | ||
| Q2 24 | $13.8B | $7.4B |
负债/权益比CFSNAP
| Q1 26 | 0.60× | — | ||
| Q4 25 | 0.66× | 1.55× | ||
| Q3 25 | 0.61× | 1.59× | ||
| Q2 25 | 0.60× | 1.73× | ||
| Q1 25 | 0.62× | 1.56× | ||
| Q4 24 | 0.60× | 1.49× | ||
| Q3 24 | 0.57× | 1.65× | ||
| Q2 24 | 0.54× | 1.76× |
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 | $496.0M | $326.8M |
| 自由现金流经营现金流 - 资本支出 | $1.7B | $286.0M |
| 自由现金流率自由现金流/营收 | 83.2% | 18.7% |
| 资本支出强度资本支出/营收 | 11.2% | — |
| 现金转化率经营现金流/净利润 | 0.81× | — |
| 过去12个月自由现金流最近4个季度 | $3.0B | $608.8M |
8季度趋势，按日历期对齐
经营现金流CFSNAP
| Q1 26 | $496.0M | $326.8M | ||
| Q4 25 | $539.0M | $269.6M | ||
| Q3 25 | $1.1B | $146.5M | ||
| Q2 25 | $563.0M | $88.5M | ||
| Q1 25 | $586.0M | $151.6M | ||
| Q4 24 | $420.0M | $230.6M | ||
| Q3 24 | $931.0M | $115.9M | ||
| Q2 24 | $475.0M | $-21.4M |
自由现金流CFSNAP
| Q1 26 | $1.7B | $286.0M | ||
| Q4 25 | $313.0M | $205.6M | ||
| Q3 25 | $717.0M | $93.4M | ||
| Q2 25 | $318.0M | $23.8M | ||
| Q1 25 | $454.0M | $114.4M | ||
| Q4 24 | $223.0M | $182.4M | ||
| Q3 24 | $792.0M | $71.8M | ||
| Q2 24 | $391.0M | $-73.4M |
自由现金流率CFSNAP
| Q1 26 | 83.2% | 18.7% | ||
| Q4 25 | 16.7% | 12.0% | ||
| Q3 25 | 43.2% | 6.2% | ||
| Q2 25 | 16.8% | 1.8% | ||
| Q1 25 | 27.3% | 8.4% | ||
| Q4 24 | 14.6% | 11.7% | ||
| Q3 24 | 57.8% | 5.2% | ||
| Q2 24 | 24.9% | -5.9% |
资本支出强度CFSNAP
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.1% | 3.7% | ||
| Q3 25 | 20.9% | 3.5% | ||
| Q2 25 | 13.0% | 4.8% | ||
| Q1 25 | 7.9% | 2.7% | ||
| Q4 24 | 12.9% | 3.1% | ||
| Q3 24 | 10.1% | 3.2% | ||
| Q2 24 | 5.3% | 4.2% |
现金转化率CFSNAP
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.09× | 5.96× | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | 25.34× | ||
| Q3 24 | 2.73× | — | ||
| Q2 24 | 0.94× | — |
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
| EBITDA | $1.0B | 51% |
| Other | $975.0M | 49% |
| Loss on foreign currency transactions | $3.0M | 0% |
SNAP
暂无分部数据
