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Side-by-side financial comparison of CF Industries (CF) and Evercore Inc. (EVR). Click either name above to swap in a different company.
CF Industries is the larger business by last-quarter revenue ($1.9B vs $1.4B, roughly 1.3× Evercore Inc.). CF Industries runs the higher net margin — 26.4% vs 23.0%, a 3.4% gap on every dollar of revenue. On growth, Evercore Inc. posted the faster year-over-year revenue change (100.3% vs 22.8%). Over the past eight quarters, Evercore Inc.'s revenue compounded faster (42.2% 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.
Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding.
CF vs EVR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.4B |
| Net Profit | $495.0M | $322.7M |
| Gross Margin | 40.9% | — |
| Operating Margin | 33.0% | — |
| Net Margin | 26.4% | 23.0% |
| Revenue YoY | 22.8% | 100.3% |
| Net Profit YoY | 26.3% | 106.1% |
| EPS (diluted) | $2.56 | $7.20 |
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.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.9B | $838.0M | ||
| Q1 25 | $1.7B | $699.0M | ||
| Q4 24 | $1.5B | $979.5M | ||
| Q3 24 | $1.4B | $738.4M | ||
| Q2 24 | $1.6B | $693.4M |
| Q1 26 | — | $322.7M | ||
| Q4 25 | $495.0M | $204.0M | ||
| Q3 25 | $460.0M | $144.6M | ||
| Q2 25 | $492.0M | $97.2M | ||
| Q1 25 | $351.0M | $146.2M | ||
| Q4 24 | $392.0M | $140.4M | ||
| Q3 24 | $341.0M | $78.4M | ||
| Q2 24 | $506.0M | $73.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 33.0% | 24.2% | ||
| Q3 25 | 35.0% | 20.8% | ||
| Q2 25 | 34.3% | 18.0% | ||
| Q1 25 | 27.4% | 16.0% | ||
| Q4 24 | 28.9% | 21.8% | ||
| Q3 24 | 26.6% | 16.7% | ||
| Q2 24 | 40.6% | 15.9% |
| Q1 26 | — | 23.0% | ||
| Q4 25 | 26.4% | 15.7% | ||
| Q3 25 | 27.7% | 13.8% | ||
| Q2 25 | 26.0% | 11.6% | ||
| Q1 25 | 21.1% | 20.9% | ||
| Q4 24 | 25.7% | 14.3% | ||
| Q3 24 | 24.9% | 10.6% | ||
| Q2 24 | 32.2% | 10.6% |
| Q1 26 | — | $7.20 | ||
| Q4 25 | $2.56 | $4.80 | ||
| Q3 25 | $2.19 | $3.41 | ||
| Q2 25 | $2.37 | $2.36 | ||
| Q1 25 | $1.85 | $3.48 | ||
| Q4 24 | $1.86 | $3.32 | ||
| Q3 24 | $1.55 | $1.86 | ||
| Q2 24 | $2.30 | $1.81 |
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 | — |
| Stockholders' EquityBook value | $4.8B | — |
| Total Assets | $14.1B | — |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $3.0B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | $4.8B | $2.0B | ||
| Q3 25 | $4.8B | $1.8B | ||
| Q2 25 | $5.0B | $1.7B | ||
| Q1 25 | $4.8B | $1.5B | ||
| Q4 24 | $5.0B | $1.7B | ||
| Q3 24 | $5.2B | $1.6B | ||
| Q2 24 | $5.5B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | $14.1B | $5.4B | ||
| Q3 25 | $14.2B | $4.4B | ||
| Q2 25 | $13.8B | $3.7B | ||
| Q1 25 | $13.3B | $3.3B | ||
| Q4 24 | $13.5B | $4.2B | ||
| Q3 24 | $13.8B | $3.6B | ||
| Q2 24 | $13.8B | $3.3B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $539.0M | $807.5M | ||
| Q3 25 | $1.1B | $560.9M | ||
| Q2 25 | $563.0M | $437.7M | ||
| Q1 25 | $586.0M | $-549.7M | ||
| Q4 24 | $420.0M | $686.4M | ||
| Q3 24 | $931.0M | $234.5M | ||
| Q2 24 | $475.0M | $348.5M |
| Q1 26 | — | — | ||
| Q4 25 | $313.0M | $798.6M | ||
| Q3 25 | $717.0M | $541.5M | ||
| Q2 25 | $318.0M | $411.7M | ||
| Q1 25 | $454.0M | $-569.3M | ||
| Q4 24 | $223.0M | $673.1M | ||
| Q3 24 | $792.0M | $226.6M | ||
| Q2 24 | $391.0M | $340.7M |
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | 61.6% | ||
| Q3 25 | 43.2% | 51.8% | ||
| Q2 25 | 16.8% | 49.1% | ||
| Q1 25 | 27.3% | -81.4% | ||
| Q4 24 | 14.6% | 68.7% | ||
| Q3 24 | 57.8% | 30.7% | ||
| Q2 24 | 24.9% | 49.1% |
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 0.7% | ||
| Q3 25 | 20.9% | 1.9% | ||
| Q2 25 | 13.0% | 3.1% | ||
| Q1 25 | 7.9% | 2.8% | ||
| Q4 24 | 12.9% | 1.4% | ||
| Q3 24 | 10.1% | 1.1% | ||
| Q2 24 | 5.3% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.09× | 3.96× | ||
| Q3 25 | 2.31× | 3.88× | ||
| Q2 25 | 1.14× | 4.50× | ||
| Q1 25 | 1.67× | -3.76× | ||
| Q4 24 | 1.07× | 4.89× | ||
| Q3 24 | 2.73× | 2.99× | ||
| Q2 24 | 0.94× | 4.72× |
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% |
EVR
| Advisory Fees (1) | $1.2B | 89% |
| Commissions and Related Revenue | $62.7M | 4% |
| Underwriting Fees | $55.1M | 4% |
| Asset Management and Administration Fees (2) | $23.7M | 2% |
| Other Revenue, net | $15.4M | 1% |
