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Side-by-side financial comparison of CF Industries (CF) and CHART INDUSTRIES INC (GTLS). Click either name above to swap in a different company.
CF Industries is the larger business by last-quarter revenue ($1.9B vs $1.1B, roughly 1.7× CHART INDUSTRIES INC). CF Industries runs the higher net margin — 26.4% vs 5.0%, a 21.5% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs -2.5%). CF Industries produced more free cash flow last quarter ($313.0M vs $66.2M). Over the past eight quarters, CF Industries's revenue compounded faster (12.8% CAGR vs 6.6%).
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.
Oricon Inc. , established in 1999, is the holding company at the head of a Japanese corporate group that supplies statistics and information on music and the music industry in Japan and Western music. It started as Original Confidence Inc. , which was founded by Sōkō Koike in November 1967 and became known for its music charts. Oricon Inc. was originally set up as a subsidiary of Original Confidence and took over the latter's Oricon record charts in April 2002.
CF vs GTLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.1B |
| Net Profit | $495.0M | $53.6M |
| Gross Margin | 40.9% | 33.3% |
| Operating Margin | 33.0% | 11.6% |
| Net Margin | 26.4% | 5.0% |
| Revenue YoY | 22.8% | -2.5% |
| Net Profit YoY | 26.3% | -32.7% |
| EPS (diluted) | $2.56 | $1.06 |
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 | $1.1B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.6B | $1.0B | ||
| Q1 24 | $1.5B | $950.7M |
| Q4 25 | $495.0M | $53.6M | ||
| Q3 25 | $460.0M | $-138.5M | ||
| Q2 25 | $492.0M | $76.1M | ||
| Q1 25 | $351.0M | $49.5M | ||
| Q4 24 | $392.0M | $79.6M | ||
| Q3 24 | $341.0M | $69.0M | ||
| Q2 24 | $506.0M | $58.6M | ||
| Q1 24 | $238.0M | $11.3M |
| Q4 25 | 40.9% | 33.3% | ||
| Q3 25 | 38.1% | 34.1% | ||
| Q2 25 | 39.9% | 33.6% | ||
| Q1 25 | 34.4% | 33.9% | ||
| Q4 24 | 34.4% | 33.6% | ||
| Q3 24 | 32.4% | 34.1% | ||
| Q2 24 | 43.2% | 33.8% | ||
| Q1 24 | 27.8% | 31.8% |
| Q4 25 | 33.0% | 11.6% | ||
| Q3 25 | 35.0% | -8.0% | ||
| Q2 25 | 34.3% | 15.7% | ||
| Q1 25 | 27.4% | 15.2% | ||
| Q4 24 | 28.9% | 17.0% | ||
| Q3 24 | 26.6% | 16.8% | ||
| Q2 24 | 40.6% | 16.1% | ||
| Q1 24 | 20.6% | 11.9% |
| Q4 25 | 26.4% | 5.0% | ||
| Q3 25 | 27.7% | -12.6% | ||
| Q2 25 | 26.0% | 7.0% | ||
| Q1 25 | 21.1% | 4.9% | ||
| Q4 24 | 25.7% | 7.2% | ||
| Q3 24 | 24.9% | 6.5% | ||
| Q2 24 | 32.2% | 5.6% | ||
| Q1 24 | 16.2% | 1.2% |
| Q4 25 | $2.56 | $1.06 | ||
| Q3 25 | $2.19 | $-3.23 | ||
| Q2 25 | $2.37 | $1.53 | ||
| Q1 25 | $1.85 | $0.94 | ||
| Q4 24 | $1.86 | $1.57 | ||
| Q3 24 | $1.55 | $1.33 | ||
| Q2 24 | $2.30 | $1.10 | ||
| Q1 24 | $1.03 | $0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $366.0M |
| Total DebtLower is stronger | $3.2B | $3.7B |
| Stockholders' EquityBook value | $4.8B | $3.2B |
| Total Assets | $14.1B | $9.8B |
| Debt / EquityLower = less leverage | 0.66× | 1.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $366.0M | ||
| Q3 25 | — | $399.2M | ||
| Q2 25 | — | $342.3M | ||
| Q1 25 | — | $296.2M | ||
| Q4 24 | — | $308.6M | ||
| Q3 24 | — | $310.2M | ||
| Q2 24 | — | $247.4M | ||
| Q1 24 | — | $191.9M |
| Q4 25 | $3.2B | $3.7B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $3.8B | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
| Q4 25 | $4.8B | $3.2B | ||
| Q3 25 | $4.8B | $3.2B | ||
| Q2 25 | $5.0B | $3.4B | ||
| Q1 25 | $4.8B | $3.0B | ||
| Q4 24 | $5.0B | $2.8B | ||
| Q3 24 | $5.2B | $3.0B | ||
| Q2 24 | $5.5B | $2.7B | ||
| Q1 24 | $5.4B | $2.7B |
| Q4 25 | $14.1B | $9.8B | ||
| Q3 25 | $14.2B | $9.8B | ||
| Q2 25 | $13.8B | $9.7B | ||
| Q1 25 | $13.3B | $9.3B | ||
| Q4 24 | $13.5B | $9.1B | ||
| Q3 24 | $13.8B | $9.5B | ||
| Q2 24 | $13.8B | $9.3B | ||
| Q1 24 | $13.9B | $9.2B |
| Q4 25 | 0.66× | 1.13× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.60× | 1.33× | ||
| 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 | $88.8M |
| Free Cash FlowOCF − Capex | $313.0M | $66.2M |
| FCF MarginFCF / Revenue | 16.7% | 6.1% |
| Capex IntensityCapex / Revenue | 12.1% | 2.1% |
| Cash ConversionOCF / Net Profit | 1.09× | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $202.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $88.8M | ||
| Q3 25 | $1.1B | $118.0M | ||
| Q2 25 | $563.0M | $145.9M | ||
| Q1 25 | $586.0M | $-60.0M | ||
| Q4 24 | $420.0M | $281.4M | ||
| Q3 24 | $931.0M | $200.6M | ||
| Q2 24 | $475.0M | $116.1M | ||
| Q1 24 | $445.0M | $-95.1M |
| Q4 25 | $313.0M | $66.2M | ||
| Q3 25 | $717.0M | $94.7M | ||
| Q2 25 | $318.0M | $122.0M | ||
| Q1 25 | $454.0M | $-80.1M | ||
| Q4 24 | $223.0M | $260.9M | ||
| Q3 24 | $792.0M | $174.5M | ||
| Q2 24 | $391.0M | $88.0M | ||
| Q1 24 | $347.0M | $-141.2M |
| Q4 25 | 16.7% | 6.1% | ||
| Q3 25 | 43.2% | 8.6% | ||
| Q2 25 | 16.8% | 11.3% | ||
| Q1 25 | 27.3% | -8.0% | ||
| Q4 24 | 14.6% | 23.6% | ||
| Q3 24 | 57.8% | 16.4% | ||
| Q2 24 | 24.9% | 8.5% | ||
| Q1 24 | 23.6% | -14.9% |
| Q4 25 | 12.1% | 2.1% | ||
| Q3 25 | 20.9% | 2.1% | ||
| Q2 25 | 13.0% | 2.2% | ||
| Q1 25 | 7.9% | 2.0% | ||
| Q4 24 | 12.9% | 1.9% | ||
| Q3 24 | 10.1% | 2.5% | ||
| Q2 24 | 5.3% | 2.7% | ||
| Q1 24 | 6.7% | 4.8% |
| Q4 25 | 1.09× | 1.66× | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 1.14× | 1.92× | ||
| Q1 25 | 1.67× | -1.21× | ||
| Q4 24 | 1.07× | 3.54× | ||
| Q3 24 | 2.73× | 2.91× | ||
| Q2 24 | 0.94× | 1.98× | ||
| Q1 24 | 1.87× | -8.42× |
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% |
GTLS
| Repair Service And Leasing Segment | $330.4M | 31% |
| Heat Transfer Systems Segment | $325.8M | 30% |
| Specialty Products Segment | $259.5M | 24% |
| Transferred Over Time | $94.4M | 9% |
| Transferred At Point In Time | $69.5M | 6% |
