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CF Industries（CF）与微博公司（WB）财务数据对比。点击上方公司名可切换其他公司
CF Industries的季度营收约是微博公司的1.5倍（$2.0B vs $1.3B），微博公司净利率更高（35.7% vs 31.0%，领先4.7%），过去两年微博公司的营收复合增速更高（22.6% vs 12.4%）
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。
微博公司是中国知名的社交网络企业，旗下运营的新浪微博是国内极具影响力的微博客平台，公司总部位于中国北京，为数以亿计的用户提供社交互动、资讯传播、内容创作等多元互联网服务。
CF vs WB — 直观对比
营收规模更大
CF
是对方的1.5倍
$1.3B
净利率更高
WB
高出4.7%
31.0%
两年增速更快
WB
近两年复合增速
12.4%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.3B |
| 净利润 | $615.0M | $458.3M |
| 毛利率 | 37.6% | — |
| 营业利润率 | 43.5% | 29.1% |
| 净利率 | 31.0% | 35.7% |
| 营收同比 | 19.4% | — |
| 净利润同比 | 97.1% | — |
| 每股收益（稀释后） | $3.98 | — |
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CFWB
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.9B | $841.7M | ||
| Q1 25 | $1.7B | $396.9M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.6B | $833.4M |
净利润CFWB
| Q1 26 | $615.0M | — | ||
| Q4 25 | $495.0M | — | ||
| Q3 25 | $460.0M | $458.3M | ||
| Q2 25 | $492.0M | $234.8M | ||
| Q1 25 | $351.0M | $108.1M | ||
| Q4 24 | $392.0M | — | ||
| Q3 24 | $341.0M | $297.4M | ||
| Q2 24 | $506.0M | $164.6M |
毛利率CFWB
| Q1 26 | 37.6% | — | ||
| 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% | — |
营业利润率CFWB
| Q1 26 | 43.5% | — | ||
| Q4 25 | 33.0% | — | ||
| Q3 25 | 35.0% | 29.1% | ||
| Q2 25 | 34.3% | 30.4% | ||
| Q1 25 | 27.4% | 27.8% | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 26.6% | 29.0% | ||
| Q2 24 | 40.6% | 28.2% |
净利率CFWB
| Q1 26 | 31.0% | — | ||
| Q4 25 | 26.4% | — | ||
| Q3 25 | 27.7% | 35.7% | ||
| Q2 25 | 26.0% | 27.9% | ||
| Q1 25 | 21.1% | 27.2% | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 24.9% | 22.9% | ||
| Q2 24 | 32.2% | 19.8% |
每股收益（稀释后）CFWB
| Q1 26 | $3.98 | — | ||
| Q4 25 | $2.56 | — | ||
| Q3 25 | $2.19 | — | ||
| Q2 25 | $2.37 | — | ||
| Q1 25 | $1.85 | — | ||
| Q4 24 | $1.86 | — | ||
| Q3 24 | $1.55 | — | ||
| Q2 24 | $2.30 | — |
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 | — | $1.1B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $5.3B | $3.9B |
| 总资产 | $14.6B | $6.9B |
| 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CFWB
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.9B |
总债务CFWB
| Q1 26 | $3.2B | — | ||
| 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 | — |
股东权益CFWB
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.8B | $3.9B | ||
| Q2 25 | $5.0B | $3.6B | ||
| Q1 25 | $4.8B | $3.5B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $5.5B | $3.4B |
总资产CFWB
| Q1 26 | $14.6B | — | ||
| Q4 25 | $14.1B | — | ||
| Q3 25 | $14.2B | $6.9B | ||
| Q2 25 | $13.8B | $6.5B | ||
| Q1 25 | $13.3B | $6.7B | ||
| Q4 24 | $13.5B | — | ||
| Q3 24 | $13.8B | — | ||
| Q2 24 | $13.8B | $7.1B |
负债/权益比CFWB
| Q1 26 | 0.60× | — | ||
| 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× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.7B | — |
| 自由现金流率自由现金流/营收 | 83.2% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CFWB
| Q1 26 | $496.0M | — | ||
| Q4 25 | $539.0M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $563.0M | — | ||
| Q1 25 | $586.0M | — | ||
| Q4 24 | $420.0M | — | ||
| Q3 24 | $931.0M | — | ||
| Q2 24 | $475.0M | — |
自由现金流CFWB
| Q1 26 | $1.7B | — | ||
| Q4 25 | $313.0M | — | ||
| Q3 25 | $717.0M | — | ||
| Q2 25 | $318.0M | — | ||
| Q1 25 | $454.0M | — | ||
| Q4 24 | $223.0M | — | ||
| Q3 24 | $792.0M | — | ||
| Q2 24 | $391.0M | — |
自由现金流率CFWB
| Q1 26 | 83.2% | — | ||
| Q4 25 | 16.7% | — | ||
| Q3 25 | 43.2% | — | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | 27.3% | — | ||
| Q4 24 | 14.6% | — | ||
| Q3 24 | 57.8% | — | ||
| Q2 24 | 24.9% | — |
资本支出强度CFWB
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.1% | — | ||
| Q3 25 | 20.9% | — | ||
| Q2 25 | 13.0% | — | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 5.3% | — |
现金转化率CFWB
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.09× | — | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | — | ||
| 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% |
WB
| Income from operations | $373.2M | 29% |
| Shares used in computing diluted net income per share attributable to Weibos shareholders | $268.1M | 21% |
| Shares used in computing basic net income per share attributable to Weibos shareholders | $238.6M | 19% |
| Value-added services | $186.1M | 14% |
| Less: Income tax expenses | $113.2M | 9% |
| Investment related income, net | $45.0M | 4% |
| Product development | $16.7M | 1% |
| General and administrative | $10.6M | 1% |
| Sales and marketing | $7.1M | 1% |
| Accretion to redeemable non-controlling interests | $3.0M | 0% |
