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CF Industries（CF）与Veralto（VLTO）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Veralto的1.3倍（$1.9B vs $1.4B），CF Industries净利率更高（26.4% vs 17.9%，领先8.6%），CF Industries同比增速更快（22.8% vs 6.8%），CF Industries自由现金流更多（$313.0M vs $170.0M），过去两年CF Industries的营收复合增速更高（12.8% vs 6.8%）
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。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
CF vs VLTO — 直观对比
营收规模更大
CF
是对方的1.3倍
$1.4B
营收增速更快
CF
高出16.1%
6.8%
净利率更高
CF
高出8.6%
17.9%
自由现金流更多
CF
多$143.0M
$170.0M
两年增速更快
CF
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.4B |
| 净利润 | $495.0M | $254.0M |
| 毛利率 | 40.9% | 60.1% |
| 营业利润率 | 33.0% | 23.8% |
| 净利率 | 26.4% | 17.9% |
| 营收同比 | 22.8% | 6.8% |
| 净利润同比 | 26.3% | 12.9% |
| 每股收益（稀释后） | $2.56 | $1.02 |
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CFVLTO
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.6B | $1.3B |
净利润CFVLTO
| Q1 26 | — | $254.0M | ||
| Q4 25 | $495.0M | $239.0M | ||
| Q3 25 | $460.0M | $222.0M | ||
| Q2 25 | $492.0M | $225.0M | ||
| Q1 25 | $351.0M | — | ||
| Q4 24 | $392.0M | $227.0M | ||
| Q3 24 | $341.0M | $219.0M | ||
| Q2 24 | $506.0M | $203.0M |
毛利率CFVLTO
| Q1 26 | — | 60.1% | ||
| Q4 25 | 40.9% | 60.1% | ||
| Q3 25 | 38.1% | 60.0% | ||
| Q2 25 | 39.9% | 60.4% | ||
| Q1 25 | 34.4% | — | ||
| Q4 24 | 34.4% | 59.6% | ||
| Q3 24 | 32.4% | 59.6% | ||
| Q2 24 | 43.2% | 60.1% |
营业利润率CFVLTO
| Q1 26 | — | 23.8% | ||
| Q4 25 | 33.0% | 23.2% | ||
| Q3 25 | 35.0% | 22.8% | ||
| Q2 25 | 34.3% | 24.2% | ||
| Q1 25 | 27.4% | — | ||
| Q4 24 | 28.9% | 22.9% | ||
| Q3 24 | 26.6% | 23.4% | ||
| Q2 24 | 40.6% | 23.2% |
净利率CFVLTO
| Q1 26 | — | 17.9% | ||
| Q4 25 | 26.4% | 17.0% | ||
| Q3 25 | 27.7% | 16.2% | ||
| Q2 25 | 26.0% | 16.9% | ||
| Q1 25 | 21.1% | — | ||
| Q4 24 | 25.7% | 16.9% | ||
| Q3 24 | 24.9% | 16.7% | ||
| Q2 24 | 32.2% | 15.8% |
每股收益（稀释后）CFVLTO
| Q1 26 | — | $1.02 | ||
| Q4 25 | $2.56 | $0.95 | ||
| Q3 25 | $2.19 | $0.89 | ||
| Q2 25 | $2.37 | $0.90 | ||
| Q1 25 | $1.85 | — | ||
| Q4 24 | $1.86 | $0.91 | ||
| Q3 24 | $1.55 | $0.88 | ||
| Q2 24 | $2.30 | $0.81 |
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 | — | — |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $4.8B | — |
| 总资产 | $14.1B | — |
| 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CFVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.0B |
总债务CFVLTO
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $2.7B | ||
| Q3 25 | $3.0B | $2.7B | ||
| Q2 25 | $3.0B | $2.6B | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $2.6B | ||
| Q3 24 | $3.0B | $2.6B | ||
| Q2 24 | $3.0B | $2.6B |
股东权益CFVLTO
| Q1 26 | — | — | ||
| Q4 25 | $4.8B | $2.8B | ||
| Q3 25 | $4.8B | $2.7B | ||
| Q2 25 | $5.0B | $2.3B | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $5.0B | $2.0B | ||
| Q3 24 | $5.2B | $2.0B | ||
| Q2 24 | $5.5B | $1.7B |
总资产CFVLTO
| Q1 26 | — | — | ||
| Q4 25 | $14.1B | $7.4B | ||
| Q3 25 | $14.2B | $7.2B | ||
| Q2 25 | $13.8B | $6.6B | ||
| Q1 25 | $13.3B | — | ||
| Q4 24 | $13.5B | $6.4B | ||
| Q3 24 | $13.8B | $6.3B | ||
| Q2 24 | $13.8B | $5.9B |
负债/权益比CFVLTO
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | 0.94× | ||
| Q3 25 | 0.61× | 1.01× | ||
| Q2 25 | 0.60× | 1.14× | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.60× | 1.28× | ||
| Q3 24 | 0.57× | 1.35× | ||
| Q2 24 | 0.54× | 1.57× |
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 | $182.0M |
| 自由现金流经营现金流 - 资本支出 | $313.0M | $170.0M |
| 自由现金流率自由现金流/营收 | 16.7% | 12.0% |
| 资本支出强度资本支出/营收 | 12.1% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.09× | 0.72× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $893.0M |
8季度趋势，按日历期对齐
经营现金流CFVLTO
| Q1 26 | — | $182.0M | ||
| Q4 25 | $539.0M | $270.0M | ||
| Q3 25 | $1.1B | $339.0M | ||
| Q2 25 | $563.0M | $157.0M | ||
| Q1 25 | $586.0M | — | ||
| Q4 24 | $420.0M | $285.0M | ||
| Q3 24 | $931.0M | $224.0M | ||
| Q2 24 | $475.0M | $251.0M |
自由现金流CFVLTO
| Q1 26 | — | $170.0M | ||
| Q4 25 | $313.0M | $258.0M | ||
| Q3 25 | $717.0M | $323.0M | ||
| Q2 25 | $318.0M | $142.0M | ||
| Q1 25 | $454.0M | — | ||
| Q4 24 | $223.0M | $263.0M | ||
| Q3 24 | $792.0M | $215.0M | ||
| Q2 24 | $391.0M | $240.0M |
自由现金流率CFVLTO
| Q1 26 | — | 12.0% | ||
| Q4 25 | 16.7% | 18.4% | ||
| Q3 25 | 43.2% | 23.6% | ||
| Q2 25 | 16.8% | 10.7% | ||
| Q1 25 | 27.3% | — | ||
| Q4 24 | 14.6% | 19.6% | ||
| Q3 24 | 57.8% | 16.4% | ||
| Q2 24 | 24.9% | 18.6% |
资本支出强度CFVLTO
| Q1 26 | — | 0.8% | ||
| Q4 25 | 12.1% | 0.9% | ||
| Q3 25 | 20.9% | 1.2% | ||
| Q2 25 | 13.0% | 1.1% | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 12.9% | 1.6% | ||
| Q3 24 | 10.1% | 0.7% | ||
| Q2 24 | 5.3% | 0.9% |
现金转化率CFVLTO
| Q1 26 | — | 0.72× | ||
| Q4 25 | 1.09× | 1.13× | ||
| Q3 25 | 2.31× | 1.53× | ||
| Q2 25 | 1.14× | 0.70× | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | 1.26× | ||
| Q3 24 | 2.73× | 1.02× | ||
| Q2 24 | 0.94× | 1.24× |
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% |
VLTO
暂无分部数据
