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Side-by-side financial comparison of CF Industries (CF) and CrowdStrike (CRWD). Click either name above to swap in a different company.
CF Industries is the larger business by last-quarter revenue ($1.9B vs $1.2B, roughly 1.5× CrowdStrike). CF Industries runs the higher net margin — 26.4% vs -2.8%, a 29.2% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs 22.2%). CrowdStrike produced more free cash flow last quarter ($314.1M vs $313.0M). Over the past eight quarters, CrowdStrike's revenue compounded faster (20.8% CAGR vs 12.8%).
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.
CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides endpoint security, threat intelligence, and cyberattack response services.
CF vs CRWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.2B |
| Net Profit | $495.0M | $-34.0M |
| Gross Margin | 40.9% | 75.1% |
| Operating Margin | 33.0% | -5.6% |
| Net Margin | 26.4% | -2.8% |
| Revenue YoY | 22.8% | 22.2% |
| Net Profit YoY | 26.3% | -102.1% |
| EPS (diluted) | $2.56 | $-0.14 |
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 | $1.9B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.4B | $963.9M | ||
| Q2 24 | $1.6B | $921.0M | ||
| Q1 24 | $1.5B | $845.3M |
| Q4 25 | $495.0M | $-34.0M | ||
| Q3 25 | $460.0M | $-77.7M | ||
| Q2 25 | $492.0M | $-110.2M | ||
| Q1 25 | $351.0M | $-92.3M | ||
| Q4 24 | $392.0M | $-16.8M | ||
| Q3 24 | $341.0M | $47.0M | ||
| Q2 24 | $506.0M | $42.8M | ||
| Q1 24 | $238.0M | $53.7M |
| Q4 25 | 40.9% | 75.1% | ||
| Q3 25 | 38.1% | 73.5% | ||
| Q2 25 | 39.9% | 73.8% | ||
| Q1 25 | 34.4% | 74.1% | ||
| Q4 24 | 34.4% | 74.7% | ||
| Q3 24 | 32.4% | 75.4% | ||
| Q2 24 | 43.2% | 75.6% | ||
| Q1 24 | 27.8% | 75.3% |
| Q4 25 | 33.0% | -5.6% | ||
| Q3 25 | 35.0% | -9.7% | ||
| Q2 25 | 34.3% | -11.3% | ||
| Q1 25 | 27.4% | -8.1% | ||
| Q4 24 | 28.9% | -5.5% | ||
| Q3 24 | 26.6% | 1.4% | ||
| Q2 24 | 40.6% | 0.8% | ||
| Q1 24 | 20.6% | 3.5% |
| Q4 25 | 26.4% | -2.8% | ||
| Q3 25 | 27.7% | -6.6% | ||
| Q2 25 | 26.0% | -10.0% | ||
| Q1 25 | 21.1% | -8.7% | ||
| Q4 24 | 25.7% | -1.7% | ||
| Q3 24 | 24.9% | 4.9% | ||
| Q2 24 | 32.2% | 4.6% | ||
| Q1 24 | 16.2% | 6.4% |
| Q4 25 | $2.56 | $-0.14 | ||
| Q3 25 | $2.19 | $-0.31 | ||
| Q2 25 | $2.37 | $-0.44 | ||
| Q1 25 | $1.85 | $-0.37 | ||
| Q4 24 | $1.86 | $-0.07 | ||
| Q3 24 | $1.55 | $0.19 | ||
| Q2 24 | $2.30 | $0.17 | ||
| Q1 24 | $1.03 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.8B |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $4.8B | $4.0B |
| Total Assets | $14.1B | $10.0B |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.8B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.5B |
| 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 | — | ||
| Q1 24 | $3.0B | — |
| Q4 25 | $4.8B | $4.0B | ||
| Q3 25 | $4.8B | $3.8B | ||
| Q2 25 | $5.0B | $3.5B | ||
| Q1 25 | $4.8B | $3.3B | ||
| Q4 24 | $5.0B | $3.1B | ||
| Q3 24 | $5.2B | $2.9B | ||
| Q2 24 | $5.5B | $2.5B | ||
| Q1 24 | $5.4B | $2.3B |
| Q4 25 | $14.1B | $10.0B | ||
| Q3 25 | $14.2B | $9.3B | ||
| Q2 25 | $13.8B | $8.7B | ||
| Q1 25 | $13.3B | $8.7B | ||
| Q4 24 | $13.5B | $7.8B | ||
| Q3 24 | $13.8B | $7.2B | ||
| Q2 24 | $13.8B | $6.8B | ||
| Q1 24 | $13.9B | $6.6B |
| 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× | — | ||
| 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 | $539.0M | $397.5M |
| Free Cash FlowOCF − Capex | $313.0M | $314.1M |
| FCF MarginFCF / Revenue | 16.7% | 25.5% |
| Capex IntensityCapex / Revenue | 12.1% | 6.8% |
| Cash ConversionOCF / Net Profit | 1.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $397.5M | ||
| Q3 25 | $1.1B | $332.8M | ||
| Q2 25 | $563.0M | $384.1M | ||
| Q1 25 | $586.0M | $345.7M | ||
| Q4 24 | $420.0M | $326.1M | ||
| Q3 24 | $931.0M | $326.6M | ||
| Q2 24 | $475.0M | $383.2M | ||
| Q1 24 | $445.0M | $347.0M |
| Q4 25 | $313.0M | $314.1M | ||
| Q3 25 | $717.0M | $302.3M | ||
| Q2 25 | $318.0M | $298.4M | ||
| Q1 25 | $454.0M | $258.5M | ||
| Q4 24 | $223.0M | $247.4M | ||
| Q3 24 | $792.0M | $287.4M | ||
| Q2 24 | $391.0M | $333.5M | ||
| Q1 24 | $347.0M | $294.4M |
| Q4 25 | 16.7% | 25.5% | ||
| Q3 25 | 43.2% | 25.9% | ||
| Q2 25 | 16.8% | 27.0% | ||
| Q1 25 | 27.3% | 24.4% | ||
| Q4 24 | 14.6% | 24.5% | ||
| Q3 24 | 57.8% | 29.8% | ||
| Q2 24 | 24.9% | 36.2% | ||
| Q1 24 | 23.6% | 34.8% |
| Q4 25 | 12.1% | 6.8% | ||
| Q3 25 | 20.9% | 2.6% | ||
| Q2 25 | 13.0% | 7.8% | ||
| Q1 25 | 7.9% | 8.2% | ||
| Q4 24 | 12.9% | 7.8% | ||
| Q3 24 | 10.1% | 4.1% | ||
| Q2 24 | 5.3% | 5.4% | ||
| Q1 24 | 6.7% | 6.2% |
| Q4 25 | 1.09× | — | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | 6.95× | ||
| Q2 24 | 0.94× | 8.95× | ||
| Q1 24 | 1.87× | 6.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 5% |
