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Side-by-side financial comparison of CF Industries (CF) and G III APPAREL GROUP LTD (GIII). Click either name above to swap in a different company.
CF Industries is the larger business by last-quarter revenue ($1.9B vs $988.6M, roughly 1.9× G III APPAREL GROUP LTD). CF Industries runs the higher net margin — 26.4% vs 8.2%, a 18.3% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs -9.0%). CF Industries produced more free cash flow last quarter ($313.0M vs $-106.4M). Over the past eight quarters, G III APPAREL GROUP LTD's revenue compounded faster (13.7% 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.
G III Apparel Group is a global fashion company that designs, sources, manufactures, markets and distributes apparel, footwear, and accessories under a range of owned and licensed well-known brands. It serves department stores, specialty retailers, and e-commerce platforms across North America, Europe, and other key global markets, catering to casual, sportswear, and premium fashion consumer segments.
CF vs GIII — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $988.6M |
| Net Profit | $495.0M | $80.6M |
| Gross Margin | 40.9% | 38.6% |
| Operating Margin | 33.0% | 11.4% |
| Net Margin | 26.4% | 8.2% |
| Revenue YoY | 22.8% | -9.0% |
| Net Profit YoY | 26.3% | -29.8% |
| EPS (diluted) | $2.56 | $1.84 |
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 | $988.6M | ||
| Q3 25 | $1.7B | $613.3M | ||
| Q2 25 | $1.9B | $583.6M | ||
| Q1 25 | $1.7B | $839.5M | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.4B | $644.8M | ||
| Q2 24 | $1.6B | $609.7M | ||
| Q1 24 | $1.5B | $764.8M |
| Q4 25 | $495.0M | $80.6M | ||
| Q3 25 | $460.0M | $10.9M | ||
| Q2 25 | $492.0M | $7.8M | ||
| Q1 25 | $351.0M | $48.8M | ||
| Q4 24 | $392.0M | $114.8M | ||
| Q3 24 | $341.0M | $24.2M | ||
| Q2 24 | $506.0M | $5.8M | ||
| Q1 24 | $238.0M | $28.9M |
| Q4 25 | 40.9% | 38.6% | ||
| Q3 25 | 38.1% | 40.8% | ||
| Q2 25 | 39.9% | 42.2% | ||
| Q1 25 | 34.4% | 39.5% | ||
| Q4 24 | 34.4% | 39.8% | ||
| Q3 24 | 32.4% | 42.8% | ||
| Q2 24 | 43.2% | 42.5% | ||
| Q1 24 | 27.8% | 36.9% |
| Q4 25 | 33.0% | 11.4% | ||
| Q3 25 | 35.0% | 2.7% | ||
| Q2 25 | 34.3% | 1.5% | ||
| Q1 25 | 27.4% | 8.5% | ||
| Q4 24 | 28.9% | 15.3% | ||
| Q3 24 | 26.6% | 6.4% | ||
| Q2 24 | 40.6% | 2.2% | ||
| Q1 24 | 20.6% | 6.1% |
| Q4 25 | 26.4% | 8.2% | ||
| Q3 25 | 27.7% | 1.8% | ||
| Q2 25 | 26.0% | 1.3% | ||
| Q1 25 | 21.1% | 5.8% | ||
| Q4 24 | 25.7% | 10.6% | ||
| Q3 24 | 24.9% | 3.8% | ||
| Q2 24 | 32.2% | 1.0% | ||
| Q1 24 | 16.2% | 3.8% |
| Q4 25 | $2.56 | $1.84 | ||
| Q3 25 | $2.19 | $0.25 | ||
| Q2 25 | $2.37 | $0.17 | ||
| Q1 25 | $1.85 | $1.00 | ||
| Q4 24 | $1.86 | $2.55 | ||
| Q3 24 | $1.55 | $0.53 | ||
| Q2 24 | $2.30 | $0.12 | ||
| Q1 24 | $1.03 | $0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $184.1M |
| Total DebtLower is stronger | $3.2B | $6.5M |
| Stockholders' EquityBook value | $4.8B | $1.8B |
| Total Assets | $14.1B | $2.8B |
| Debt / EquityLower = less leverage | 0.66× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $184.1M | ||
| Q3 25 | — | $301.8M | ||
| Q2 25 | — | $257.8M | ||
| Q1 25 | — | $181.4M | ||
| Q4 24 | — | $104.7M | ||
| Q3 24 | — | $414.8M | ||
| Q2 24 | — | $508.4M | ||
| Q1 24 | — | $507.8M |
| Q4 25 | $3.2B | $6.5M | ||
| Q3 25 | $3.0B | $6.9M | ||
| Q2 25 | $3.0B | $6.8M | ||
| Q1 25 | $3.0B | $3.0M | ||
| Q4 24 | $3.0B | $213.9M | ||
| Q3 24 | $3.0B | $402.5M | ||
| Q2 24 | $3.0B | $402.7M | ||
| Q1 24 | $3.0B | $402.8M |
| Q4 25 | $4.8B | $1.8B | ||
| Q3 25 | $4.8B | $1.7B | ||
| Q2 25 | $5.0B | $1.7B | ||
| Q1 25 | $4.8B | $1.7B | ||
| Q4 24 | $5.0B | $1.6B | ||
| Q3 24 | $5.2B | $1.5B | ||
| Q2 24 | $5.5B | $1.5B | ||
| Q1 24 | $5.4B | $1.6B |
| Q4 25 | $14.1B | $2.8B | ||
| Q3 25 | $14.2B | $2.7B | ||
| Q2 25 | $13.8B | $2.4B | ||
| Q1 25 | $13.3B | $2.5B | ||
| Q4 24 | $13.5B | $2.8B | ||
| Q3 24 | $13.8B | $2.7B | ||
| Q2 24 | $13.8B | $2.6B | ||
| Q1 24 | $13.9B | $2.7B |
| Q4 25 | 0.66× | 0.00× | ||
| Q3 25 | 0.61× | 0.00× | ||
| Q2 25 | 0.60× | 0.00× | ||
| Q1 25 | 0.62× | 0.00× | ||
| Q4 24 | 0.60× | 0.13× | ||
| Q3 24 | 0.57× | 0.27× | ||
| Q2 24 | 0.54× | 0.26× | ||
| Q1 24 | 0.55× | 0.26× |
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 | $-97.3M |
| Free Cash FlowOCF − Capex | $313.0M | $-106.4M |
| FCF MarginFCF / Revenue | 16.7% | -10.8% |
| Capex IntensityCapex / Revenue | 12.1% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.09× | -1.21× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $367.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $-97.3M | ||
| Q3 25 | $1.1B | $75.1M | ||
| Q2 25 | $563.0M | $93.8M | ||
| Q1 25 | $586.0M | $333.4M | ||
| Q4 24 | $420.0M | $-111.8M | ||
| Q3 24 | $931.0M | $49.3M | ||
| Q2 24 | $475.0M | $45.5M | ||
| Q1 24 | $445.0M | $361.3M |
| Q4 25 | $313.0M | $-106.4M | ||
| Q3 25 | $717.0M | $64.7M | ||
| Q2 25 | $318.0M | $85.7M | ||
| Q1 25 | $454.0M | $323.7M | ||
| Q4 24 | $223.0M | $-120.3M | ||
| Q3 24 | $792.0M | $38.8M | ||
| Q2 24 | $391.0M | $32.8M | ||
| Q1 24 | $347.0M | $352.3M |
| Q4 25 | 16.7% | -10.8% | ||
| Q3 25 | 43.2% | 10.6% | ||
| Q2 25 | 16.8% | 14.7% | ||
| Q1 25 | 27.3% | 38.6% | ||
| Q4 24 | 14.6% | -11.1% | ||
| Q3 24 | 57.8% | 6.0% | ||
| Q2 24 | 24.9% | 5.4% | ||
| Q1 24 | 23.6% | 46.1% |
| Q4 25 | 12.1% | 0.9% | ||
| Q3 25 | 20.9% | 1.7% | ||
| Q2 25 | 13.0% | 1.4% | ||
| Q1 25 | 7.9% | 1.2% | ||
| Q4 24 | 12.9% | 0.8% | ||
| Q3 24 | 10.1% | 1.6% | ||
| Q2 24 | 5.3% | 2.1% | ||
| Q1 24 | 6.7% | 1.2% |
| Q4 25 | 1.09× | -1.21× | ||
| Q3 25 | 2.31× | 6.86× | ||
| Q2 25 | 1.14× | 12.09× | ||
| Q1 25 | 1.67× | 6.83× | ||
| Q4 24 | 1.07× | -0.97× | ||
| Q3 24 | 2.73× | 2.04× | ||
| Q2 24 | 0.94× | 7.84× | ||
| Q1 24 | 1.87× | 12.52× |
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% |
GIII
| Proprietary Brands | $498.1M | 50% |
| Licensed Brands | $479.2M | 48% |
| Retail Segment | $45.7M | 5% |
