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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and CF Industries (CF). Click either name above to swap in a different company.
CF Industries is the larger business by last-quarter revenue ($1.9B vs $975.0M, roughly 1.9× BREAD FINANCIAL HOLDINGS, INC.). On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs 5.4%). Over the past eight quarters, CF Industries's revenue compounded faster (12.8% CAGR vs -0.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
CF Industries Holdings, Inc. is an American manufacturer and distributor of agricultural fertilizers, including ammonia, urea, and ammonium nitrate products. The company is based in Northbrook, Illinois, a suburb of Chicago, and was founded in 1946 as the Central Farmers Fertilizer Company. For its first 56 years, it was a federation of regional agricultural supply cooperatives. CF then demutualized, and became a publicly traded company.
BFH vs CF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $1.9B |
| Net Profit | — | $495.0M |
| Gross Margin | — | 40.9% |
| Operating Margin | 4.9% | 33.0% |
| Net Margin | — | 26.4% |
| Revenue YoY | 5.4% | 22.8% |
| Net Profit YoY | — | 26.3% |
| EPS (diluted) | $1.21 | $2.56 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $975.0M | $1.9B | ||
| Q3 25 | $971.0M | $1.7B | ||
| Q2 25 | $929.0M | $1.9B | ||
| Q1 25 | $970.0M | $1.7B | ||
| Q4 24 | $925.0M | $1.5B | ||
| Q3 24 | $983.0M | $1.4B | ||
| Q2 24 | $939.0M | $1.6B | ||
| Q1 24 | $991.0M | $1.5B |
| Q4 25 | — | $495.0M | ||
| Q3 25 | $188.0M | $460.0M | ||
| Q2 25 | $139.0M | $492.0M | ||
| Q1 25 | $138.0M | $351.0M | ||
| Q4 24 | — | $392.0M | ||
| Q3 24 | $2.0M | $341.0M | ||
| Q2 24 | $133.0M | $506.0M | ||
| Q1 24 | $134.0M | $238.0M |
| 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% | ||
| Q1 24 | — | 27.8% |
| Q4 25 | 4.9% | 33.0% | ||
| Q3 25 | 20.2% | 35.0% | ||
| Q2 25 | 18.7% | 34.3% | ||
| Q1 25 | 20.3% | 27.4% | ||
| Q4 24 | -2.9% | 28.9% | ||
| Q3 24 | 4.1% | 26.6% | ||
| Q2 24 | 19.2% | 40.6% | ||
| Q1 24 | 19.0% | 20.6% |
| Q4 25 | — | 26.4% | ||
| Q3 25 | 19.4% | 27.7% | ||
| Q2 25 | 15.0% | 26.0% | ||
| Q1 25 | 14.2% | 21.1% | ||
| Q4 24 | — | 25.7% | ||
| Q3 24 | 0.2% | 24.9% | ||
| Q2 24 | 14.2% | 32.2% | ||
| Q1 24 | 13.5% | 16.2% |
| Q4 25 | $1.21 | $2.56 | ||
| Q3 25 | $3.96 | $2.19 | ||
| Q2 25 | $2.94 | $2.37 | ||
| Q1 25 | $2.78 | $1.85 | ||
| Q4 24 | $0.08 | $1.86 | ||
| Q3 24 | $0.05 | $1.55 | ||
| Q2 24 | $2.66 | $2.30 | ||
| Q1 24 | $2.70 | $1.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.6B | — |
| Total DebtLower is stronger | $4.3B | $3.2B |
| Stockholders' EquityBook value | $3.3B | $4.8B |
| Total Assets | $22.7B | $14.1B |
| Debt / EquityLower = less leverage | 1.29× | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $3.8B | — | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $3.8B | — |
| Q4 25 | $4.3B | $3.2B | ||
| Q3 25 | $3.8B | $3.0B | ||
| Q2 25 | $4.2B | $3.0B | ||
| Q1 25 | $5.1B | $3.0B | ||
| Q4 24 | $5.6B | $3.0B | ||
| Q3 24 | $4.6B | $3.0B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $3.3B | $4.8B | ||
| Q3 25 | $3.3B | $4.8B | ||
| Q2 25 | $3.2B | $5.0B | ||
| Q1 25 | $3.1B | $4.8B | ||
| Q4 24 | $3.1B | $5.0B | ||
| Q3 24 | $3.1B | $5.2B | ||
| Q2 24 | $3.2B | $5.5B | ||
| Q1 24 | $3.0B | $5.4B |
| Q4 25 | $22.7B | $14.1B | ||
| Q3 25 | $21.7B | $14.2B | ||
| Q2 25 | $21.8B | $13.8B | ||
| Q1 25 | $22.4B | $13.3B | ||
| Q4 24 | $22.9B | $13.5B | ||
| Q3 24 | $21.7B | $13.8B | ||
| Q2 24 | $22.1B | $13.8B | ||
| Q1 24 | $22.3B | $13.9B |
| Q4 25 | 1.29× | 0.66× | ||
| Q3 25 | 1.14× | 0.61× | ||
| Q2 25 | 1.34× | 0.60× | ||
| Q1 25 | 1.67× | 0.62× | ||
| Q4 24 | 1.82× | 0.60× | ||
| Q3 24 | 1.47× | 0.57× | ||
| Q2 24 | — | 0.54× | ||
| Q1 24 | — | 0.55× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $568.0M | $539.0M |
| Free Cash FlowOCF − Capex | — | $313.0M |
| FCF MarginFCF / Revenue | — | 16.7% |
| Capex IntensityCapex / Revenue | — | 12.1% |
| Cash ConversionOCF / Net Profit | — | 1.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.8B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $568.0M | $539.0M | ||
| Q3 25 | $605.0M | $1.1B | ||
| Q2 25 | $526.0M | $563.0M | ||
| Q1 25 | $393.0M | $586.0M | ||
| Q4 24 | $479.0M | $420.0M | ||
| Q3 24 | $456.0M | $931.0M | ||
| Q2 24 | $477.0M | $475.0M | ||
| Q1 24 | $447.0M | $445.0M |
| 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 | ||
| Q1 24 | — | $347.0M |
| 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% | ||
| Q1 24 | — | 23.6% |
| 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% | ||
| Q1 24 | — | 6.7% |
| Q4 25 | — | 1.09× | ||
| Q3 25 | 3.22× | 2.31× | ||
| Q2 25 | 3.78× | 1.14× | ||
| Q1 25 | 2.85× | 1.67× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | 228.00× | 2.73× | ||
| Q2 24 | 3.59× | 0.94× | ||
| Q1 24 | 3.34× | 1.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFH
Segment breakdown not available.
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% |
