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Side-by-side financial comparison of CF Industries (CF) and Everus Construction Group, Inc. (ECG). Click either name above to swap in a different company.
CF Industries is the larger business by last-quarter revenue ($1.9B vs $1.0B, roughly 1.9× Everus Construction Group, Inc.). CF Industries runs the higher net margin — 26.4% vs 5.5%, a 21.0% gap on every dollar of revenue. On growth, Everus Construction Group, Inc. posted the faster year-over-year revenue change (33.2% vs 22.8%). CF Industries produced more free cash flow last quarter ($313.0M vs $23.5M). Over the past eight quarters, Everus Construction Group, Inc.'s revenue compounded faster (27.1% 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.
CF vs ECG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.0B |
| Net Profit | $495.0M | $55.3M |
| Gross Margin | 40.9% | 11.6% |
| Operating Margin | 33.0% | 6.8% |
| Net Margin | 26.4% | 5.5% |
| Revenue YoY | 22.8% | 33.2% |
| Net Profit YoY | 26.3% | 60.4% |
| EPS (diluted) | $2.56 | $1.09 |
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 | $1.0B | ||
| Q3 25 | $1.7B | $986.8M | ||
| Q2 25 | $1.9B | $921.5M | ||
| Q1 25 | $1.7B | $826.6M | ||
| Q4 24 | $1.5B | $759.6M | ||
| Q3 24 | $1.4B | $761.0M | ||
| Q2 24 | $1.6B | $703.4M | ||
| Q1 24 | $1.5B | $625.7M |
| Q4 25 | $495.0M | $55.3M | ||
| Q3 25 | $460.0M | $57.0M | ||
| Q2 25 | $492.0M | $52.8M | ||
| Q1 25 | $351.0M | $36.7M | ||
| Q4 24 | $392.0M | $34.5M | ||
| Q3 24 | $341.0M | $41.8M | ||
| Q2 24 | $506.0M | $39.0M | ||
| Q1 24 | $238.0M | $28.2M |
| Q4 25 | 40.9% | 11.6% | ||
| Q3 25 | 38.1% | 12.6% | ||
| Q2 25 | 39.9% | 13.0% | ||
| Q1 25 | 34.4% | 11.2% | ||
| Q4 24 | 34.4% | 11.4% | ||
| Q3 24 | 32.4% | 11.8% | ||
| Q2 24 | 43.2% | 12.6% | ||
| Q1 24 | 27.8% | 11.9% |
| Q4 25 | 33.0% | 6.8% | ||
| Q3 25 | 35.0% | 7.3% | ||
| Q2 25 | 34.3% | 7.9% | ||
| Q1 25 | 27.4% | 6.2% | ||
| Q4 24 | 28.9% | 6.1% | ||
| Q3 24 | 26.6% | 7.1% | ||
| Q2 24 | 40.6% | 7.3% | ||
| Q1 24 | 20.6% | 6.2% |
| Q4 25 | 26.4% | 5.5% | ||
| Q3 25 | 27.7% | 5.8% | ||
| Q2 25 | 26.0% | 5.7% | ||
| Q1 25 | 21.1% | 4.4% | ||
| Q4 24 | 25.7% | 4.5% | ||
| Q3 24 | 24.9% | 5.5% | ||
| Q2 24 | 32.2% | 5.5% | ||
| Q1 24 | 16.2% | 4.5% |
| Q4 25 | $2.56 | $1.09 | ||
| Q3 25 | $2.19 | $1.11 | ||
| Q2 25 | $2.37 | $1.03 | ||
| Q1 25 | $1.85 | $0.72 | ||
| Q4 24 | $1.86 | $0.68 | ||
| Q3 24 | $1.55 | $0.82 | ||
| Q2 24 | $2.30 | $0.76 | ||
| Q1 24 | $1.03 | $0.55 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $3.2B | $281.5M |
| Stockholders' EquityBook value | $4.8B | $629.8M |
| Total Assets | $14.1B | $1.7B |
| Debt / EquityLower = less leverage | 0.66× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $553.0K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.2B | $281.5M | ||
| Q3 25 | $3.0B | $285.1M | ||
| Q2 25 | $3.0B | $288.6M | ||
| Q1 25 | $3.0B | $292.1M | ||
| Q4 24 | $3.0B | $295.6M | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
| Q4 25 | $4.8B | $629.8M | ||
| Q3 25 | $4.8B | $573.0M | ||
| Q2 25 | $5.0B | $514.4M | ||
| Q1 25 | $4.8B | $460.2M | ||
| Q4 24 | $5.0B | $422.6M | ||
| Q3 24 | $5.2B | $453.3M | ||
| Q2 24 | $5.5B | $490.0M | ||
| Q1 24 | $5.4B | $464.3M |
| Q4 25 | $14.1B | $1.7B | ||
| Q3 25 | $14.2B | $1.6B | ||
| Q2 25 | $13.8B | $1.5B | ||
| Q1 25 | $13.3B | $1.4B | ||
| Q4 24 | $13.5B | $1.3B | ||
| Q3 24 | $13.8B | $1.3B | ||
| Q2 24 | $13.8B | — | ||
| Q1 24 | $13.9B | — |
| Q4 25 | 0.66× | 0.45× | ||
| Q3 25 | 0.61× | 0.50× | ||
| Q2 25 | 0.60× | 0.56× | ||
| Q1 25 | 0.62× | 0.63× | ||
| Q4 24 | 0.60× | 0.70× | ||
| 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 | $48.2M |
| Free Cash FlowOCF − Capex | $313.0M | $23.5M |
| FCF MarginFCF / Revenue | 16.7% | 2.3% |
| Capex IntensityCapex / Revenue | 12.1% | 2.4% |
| Cash ConversionOCF / Net Profit | 1.09× | 0.87× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $90.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $48.2M | ||
| Q3 25 | $1.1B | $76.2M | ||
| Q2 25 | $563.0M | $25.3M | ||
| Q1 25 | $586.0M | $7.1M | ||
| Q4 24 | $420.0M | — | ||
| Q3 24 | $931.0M | $78.9M | ||
| Q2 24 | $475.0M | — | ||
| Q1 24 | $445.0M | $21.9M |
| Q4 25 | $313.0M | $23.5M | ||
| Q3 25 | $717.0M | $65.7M | ||
| Q2 25 | $318.0M | $12.3M | ||
| Q1 25 | $454.0M | $-11.4M | ||
| Q4 24 | $223.0M | — | ||
| Q3 24 | $792.0M | $60.9M | ||
| Q2 24 | $391.0M | — | ||
| Q1 24 | $347.0M | $12.6M |
| Q4 25 | 16.7% | 2.3% | ||
| Q3 25 | 43.2% | 6.7% | ||
| Q2 25 | 16.8% | 1.3% | ||
| Q1 25 | 27.3% | -1.4% | ||
| Q4 24 | 14.6% | — | ||
| Q3 24 | 57.8% | 8.0% | ||
| Q2 24 | 24.9% | — | ||
| Q1 24 | 23.6% | 2.0% |
| Q4 25 | 12.1% | 2.4% | ||
| Q3 25 | 20.9% | 1.1% | ||
| Q2 25 | 13.0% | 1.4% | ||
| Q1 25 | 7.9% | 2.2% | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 10.1% | 2.4% | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | 6.7% | 1.5% |
| Q4 25 | 1.09× | 0.87× | ||
| Q3 25 | 2.31× | 1.34× | ||
| Q2 25 | 1.14× | 0.48× | ||
| Q1 25 | 1.67× | 0.19× | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | 1.89× | ||
| Q2 24 | 0.94× | — | ||
| Q1 24 | 1.87× | 0.77× |
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% |
ECG
| Commercial | $594.5M | 59% |
| Utility | $203.5M | 20% |
| Industrial | $82.8M | 8% |
| Institutional | $66.1M | 7% |
| Service And Other | $28.4M | 3% |
| Transportation | $24.2M | 2% |
| Renewables | $19.8M | 2% |
