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CLEVELAND-CLIFFS INC.（CLF）与PBF Energy Inc.（PBF）财务数据对比。点击上方公司名可切换其他公司
PBF Energy Inc.的季度营收约是CLEVELAND-CLIFFS INC.的1.7倍（$7.1B vs $4.3B），PBF Energy Inc.净利率更高（1.1% vs -5.6%，领先6.7%），CLEVELAND-CLIFFS INC.同比增速更快（-0.3% vs -2.9%），PBF Energy Inc.自由现金流更多（$77.0M vs $-153.0M），过去两年CLEVELAND-CLIFFS INC.的营收复合增速更高（-8.9% vs -9.1%）
克利夫兰-克利夫斯公司是总部位于美国俄亥俄州克利夫兰的钢铁制造商，业务覆盖铁矿石开采、选矿、造球及钢铁冶炼，包含冲压与模具制造，是美国第二大钢铁生产商、北美最大扁钢生产商，位列财富500强第221位、福布斯全球2000强第1511位。
PBF能源是一家美国石油炼制与物流企业，主营交通燃料、取暖油、润滑剂、石化原料及其他石油产品的生产与销售，在美国拥有并运营6座炼油厂，分布于路易斯安那州查尔梅特、俄亥俄州托莱多、新泽西州保尔斯伯勒、特拉华州特拉华城、加利福尼亚州托伦斯和马丁内斯。
CLF vs PBF — 直观对比
营收规模更大
PBF
是对方的1.7倍
$4.3B
营收增速更快
CLF
高出2.6%
-2.9%
净利率更高
PBF
高出6.7%
-5.6%
自由现金流更多
PBF
多$230.0M
$-153.0M
两年增速更快
CLF
近两年复合增速
-9.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $7.1B |
| 净利润 | $-241.0M | $78.4M |
| 毛利率 | -5.0% | -1.8% |
| 营业利润率 | -7.9% | 1.8% |
| 净利率 | -5.6% | 1.1% |
| 营收同比 | -0.3% | -2.9% |
| 净利润同比 | 46.1% | 127.1% |
| 每股收益（稀释后） | — | $0.74 |
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CLFPBF
| Q4 25 | $4.3B | $7.1B | ||
| Q3 25 | $4.7B | $7.7B | ||
| Q2 25 | $4.9B | $7.5B | ||
| Q1 25 | $4.6B | $7.1B | ||
| Q4 24 | $4.3B | $7.4B | ||
| Q3 24 | $4.6B | $8.4B | ||
| Q2 24 | $5.1B | $8.7B | ||
| Q1 24 | $5.2B | $8.6B |
净利润CLFPBF
| Q4 25 | $-241.0M | $78.4M | ||
| Q3 25 | $-251.0M | $170.1M | ||
| Q2 25 | $-470.0M | $-5.2M | ||
| Q1 25 | $-483.0M | $-401.8M | ||
| Q4 24 | $-447.0M | $-289.3M | ||
| Q3 24 | $-242.0M | $-285.9M | ||
| Q2 24 | $2.0M | $-65.2M | ||
| Q1 24 | $-67.0M | $106.6M |
毛利率CLFPBF
| Q4 25 | -5.0% | -1.8% | ||
| Q3 25 | -1.0% | 0.5% | ||
| Q2 25 | -4.2% | -0.8% | ||
| Q1 25 | -8.4% | -5.9% | ||
| Q4 24 | -6.3% | -4.2% | ||
| Q3 24 | -2.3% | -3.4% | ||
| Q2 24 | 3.2% | 0.1% | ||
| Q1 24 | 5.5% | 2.5% |
营业利润率CLFPBF
| Q4 25 | -7.9% | 1.8% | ||
| Q3 25 | -4.3% | 3.7% | ||
| Q2 25 | -10.1% | 0.6% | ||
| Q1 25 | -11.6% | -7.2% | ||
| Q4 24 | -10.8% | -5.2% | ||
| Q3 24 | -5.7% | -4.6% | ||
| Q2 24 | 0.1% | -0.9% | ||
| Q1 24 | -0.7% | 1.7% |
净利率CLFPBF
| Q4 25 | -5.6% | 1.1% | ||
| Q3 25 | -5.3% | 2.2% | ||
| Q2 25 | -9.5% | -0.1% | ||
| Q1 25 | -10.4% | -5.7% | ||
| Q4 24 | -10.3% | -3.9% | ||
| Q3 24 | -5.3% | -3.4% | ||
| Q2 24 | 0.0% | -0.7% | ||
| Q1 24 | -1.3% | 1.2% |
每股收益（稀释后）CLFPBF
| Q4 25 | — | $0.74 | ||
| Q3 25 | $-0.51 | $1.45 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-3.53 | ||
| Q4 24 | $-0.91 | $-2.41 | ||
| Q3 24 | $-0.52 | $-2.49 | ||
| Q2 24 | $0.00 | $-0.56 | ||
| Q1 24 | $-0.14 | $0.86 |
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 | $57.0M | $527.9M |
| 总债务越低越好 | $7.3B | — |
| 股东权益账面价值 | $6.1B | $5.3B |
| 总资产 | $20.0B | $13.0B |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资CLFPBF
| Q4 25 | $57.0M | $527.9M | ||
| Q3 25 | $66.0M | $482.0M | ||
| Q2 25 | $61.0M | $590.7M | ||
| Q1 25 | $57.0M | $468.6M | ||
| Q4 24 | $54.0M | $536.1M | ||
| Q3 24 | $39.0M | $976.7M | ||
| Q2 24 | $110.0M | $1.4B | ||
| Q1 24 | $30.0M | $1.4B |
总债务CLFPBF
| Q4 25 | $7.3B | — | ||
| Q3 25 | $8.0B | — | ||
| Q2 25 | $7.7B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.1B | — | ||
| Q3 24 | $3.8B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.7B | — |
股东权益CLFPBF
| Q4 25 | $6.1B | $5.3B | ||
| Q3 25 | $5.5B | $5.2B | ||
| Q2 25 | $5.8B | $5.1B | ||
| Q1 25 | $6.3B | $5.1B | ||
| Q4 24 | $6.7B | $5.5B | ||
| Q3 24 | $6.9B | $5.9B | ||
| Q2 24 | $7.1B | $6.3B | ||
| Q1 24 | $7.2B | $6.5B |
总资产CLFPBF
| Q4 25 | $20.0B | $13.0B | ||
| Q3 25 | $20.3B | $13.0B | ||
| Q2 25 | $20.5B | $13.0B | ||
| Q1 25 | $20.8B | $13.0B | ||
| Q4 24 | $20.9B | $12.7B | ||
| Q3 24 | $16.8B | $13.1B | ||
| Q2 24 | $16.9B | $14.1B | ||
| Q1 24 | $17.2B | $13.8B |
负债/权益比CLFPBF
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 1.33× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.49× | — | ||
| Q1 24 | 0.51× | — |
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 | $-13.0M | $366.6M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $77.0M |
| 自由现金流率自由现金流/营收 | -3.5% | 1.1% |
| 资本支出强度资本支出/营收 | 3.2% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 4.68× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $-783.2M |
8季度趋势，按日历期对齐
经营现金流CLFPBF
| Q4 25 | $-13.0M | $366.6M | ||
| Q3 25 | $-143.0M | $25.7M | ||
| Q2 25 | $45.0M | $191.1M | ||
| Q1 25 | $-351.0M | $-661.4M | ||
| Q4 24 | $-472.0M | $-329.7M | ||
| Q3 24 | $-84.0M | $-68.0M | ||
| Q2 24 | $519.0M | $425.3M | ||
| Q1 24 | $142.0M | $15.8M |
自由现金流CLFPBF
| Q4 25 | $-153.0M | $77.0M | ||
| Q3 25 | $-300.0M | $-122.8M | ||
| Q2 25 | $-67.0M | $35.0M | ||
| Q1 25 | $-503.0M | $-772.4M | ||
| Q4 24 | $-677.0M | $-425.7M | ||
| Q3 24 | $-235.0M | $-169.8M | ||
| Q2 24 | $362.0M | $371.8M | ||
| Q1 24 | $-40.0M | $-123.8M |
自由现金流率CLFPBF
| Q4 25 | -3.5% | 1.1% | ||
| Q3 25 | -6.3% | -1.6% | ||
| Q2 25 | -1.4% | 0.5% | ||
| Q1 25 | -10.9% | -10.9% | ||
| Q4 24 | -15.7% | -5.8% | ||
| Q3 24 | -5.1% | -2.0% | ||
| Q2 24 | 7.1% | 4.3% | ||
| Q1 24 | -0.8% | -1.4% |
资本支出强度CLFPBF
| Q4 25 | 3.2% | 4.1% | ||
| Q3 25 | 3.3% | 1.9% | ||
| Q2 25 | 2.3% | 2.1% | ||
| Q1 25 | 3.3% | 1.6% | ||
| Q4 24 | 4.7% | 1.3% | ||
| Q3 24 | 3.3% | 1.2% | ||
| Q2 24 | 3.1% | 0.6% | ||
| Q1 24 | 3.5% | 1.6% |
现金转化率CLFPBF
| Q4 25 | — | 4.68× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 259.50× | — | ||
| Q1 24 | — | 0.15× |
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
CLF
| Hot Rolled Steel | $1.1B | 27% |
| Automotive | $1.1B | 27% |
| Steel Producers | $555.0M | 13% |
| Cold Rolled Steel | $530.0M | 12% |
| Other | $409.0M | 9% |
| Stainless And Electrical Steel | $404.0M | 9% |
| Other Businesses | $159.0M | 4% |
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
