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Side-by-side financial comparison of CF Industries (CF) and Hyatt Hotels Corp (H). Click either name above to swap in a different company.
CF Industries is the larger business by last-quarter revenue ($1.9B vs $1.8B, roughly 1.0× Hyatt Hotels Corp). CF Industries runs the higher net margin — 26.4% vs -1.1%, a 27.6% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs 11.7%). CF Industries produced more free cash flow last quarter ($313.0M vs $236.0M). Over the past eight quarters, CF Industries's revenue compounded faster (12.8% CAGR vs 2.2%).
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.
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.
CF vs H — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.8B |
| Net Profit | $495.0M | $-20.0M |
| Gross Margin | 40.9% | — |
| Operating Margin | 33.0% | 0.4% |
| Net Margin | 26.4% | -1.1% |
| Revenue YoY | 22.8% | 11.7% |
| Net Profit YoY | 26.3% | 64.3% |
| EPS (diluted) | $2.56 | $-0.20 |
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.
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.7B | $1.7B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.6B | $1.7B | ||
| Q1 24 | $1.5B | $1.7B |
| Q4 25 | $495.0M | $-20.0M | ||
| Q3 25 | $460.0M | $-49.0M | ||
| Q2 25 | $492.0M | $-3.0M | ||
| Q1 25 | $351.0M | $20.0M | ||
| Q4 24 | $392.0M | $-56.0M | ||
| Q3 24 | $341.0M | $471.0M | ||
| Q2 24 | $506.0M | $359.0M | ||
| Q1 24 | $238.0M | $522.0M |
| 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 24 | 27.8% | — |
| Q4 25 | 33.0% | 0.4% | ||
| Q3 25 | 35.0% | -1.0% | ||
| Q2 25 | 34.3% | 2.1% | ||
| Q1 25 | 27.4% | 3.0% | ||
| Q4 24 | 28.9% | -3.0% | ||
| Q3 24 | 26.6% | 37.3% | ||
| Q2 24 | 40.6% | 27.1% | ||
| Q1 24 | 20.6% | 31.6% |
| Q4 25 | 26.4% | -1.1% | ||
| Q3 25 | 27.7% | -2.7% | ||
| Q2 25 | 26.0% | -0.2% | ||
| Q1 25 | 21.1% | 1.2% | ||
| Q4 24 | 25.7% | -3.5% | ||
| Q3 24 | 24.9% | 28.9% | ||
| Q2 24 | 32.2% | 21.1% | ||
| Q1 24 | 16.2% | 30.5% |
| Q4 25 | $2.56 | $-0.20 | ||
| Q3 25 | $2.19 | $-0.51 | ||
| Q2 25 | $2.37 | $-0.03 | ||
| Q1 25 | $1.85 | $0.19 | ||
| Q4 24 | $1.86 | $-0.37 | ||
| Q3 24 | $1.55 | $4.63 | ||
| Q2 24 | $2.30 | $3.46 | ||
| Q1 24 | $1.03 | $4.93 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $813.0M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $4.8B | $3.3B |
| Total Assets | $14.1B | $14.0B |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $813.0M | ||
| Q3 25 | — | $749.0M | ||
| Q2 25 | — | $912.0M | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $794.0M |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | $6.0B | ||
| Q2 25 | $3.0B | $6.0B | ||
| Q1 25 | $3.0B | $4.3B | ||
| Q4 24 | $3.0B | $3.8B | ||
| Q3 24 | $3.0B | $3.1B | ||
| Q2 24 | $3.0B | $3.9B | ||
| Q1 24 | $3.0B | $3.1B |
| Q4 25 | $4.8B | $3.3B | ||
| Q3 25 | $4.8B | $3.5B | ||
| Q2 25 | $5.0B | $3.6B | ||
| Q1 25 | $4.8B | $3.5B | ||
| Q4 24 | $5.0B | $3.5B | ||
| Q3 24 | $5.2B | $3.7B | ||
| Q2 24 | $5.5B | $3.9B | ||
| Q1 24 | $5.4B | $3.7B |
| Q4 25 | $14.1B | $14.0B | ||
| Q3 25 | $14.2B | $15.7B | ||
| Q2 25 | $13.8B | $15.9B | ||
| Q1 25 | $13.3B | $14.0B | ||
| Q4 24 | $13.5B | $13.3B | ||
| Q3 24 | $13.8B | $11.9B | ||
| Q2 24 | $13.8B | $12.8B | ||
| Q1 24 | $13.9B | $11.7B |
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.61× | 1.73× | ||
| Q2 25 | 0.60× | 1.69× | ||
| Q1 25 | 0.62× | 1.25× | ||
| Q4 24 | 0.60× | 1.07× | ||
| Q3 24 | 0.57× | 0.85× | ||
| Q2 24 | 0.54× | 1.01× | ||
| Q1 24 | 0.55× | 0.84× |
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 | $313.0M |
| Free Cash FlowOCF − Capex | $313.0M | $236.0M |
| FCF MarginFCF / Revenue | 16.7% | 13.2% |
| Capex IntensityCapex / Revenue | 12.1% | 4.3% |
| Cash ConversionOCF / Net Profit | 1.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $159.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $313.0M | ||
| Q3 25 | $1.1B | $-20.0M | ||
| Q2 25 | $563.0M | $-67.0M | ||
| Q1 25 | $586.0M | $153.0M | ||
| Q4 24 | $420.0M | $235.0M | ||
| Q3 24 | $931.0M | $-21.0M | ||
| Q2 24 | $475.0M | $177.0M | ||
| Q1 24 | $445.0M | $242.0M |
| Q4 25 | $313.0M | $236.0M | ||
| Q3 25 | $717.0M | $-89.0M | ||
| Q2 25 | $318.0M | $-111.0M | ||
| Q1 25 | $454.0M | $123.0M | ||
| Q4 24 | $223.0M | $184.0M | ||
| Q3 24 | $792.0M | $-64.0M | ||
| Q2 24 | $391.0M | $135.0M | ||
| Q1 24 | $347.0M | $208.0M |
| Q4 25 | 16.7% | 13.2% | ||
| Q3 25 | 43.2% | -5.0% | ||
| Q2 25 | 16.8% | -6.1% | ||
| Q1 25 | 27.3% | 7.2% | ||
| Q4 24 | 14.6% | 11.5% | ||
| Q3 24 | 57.8% | -3.9% | ||
| Q2 24 | 24.9% | 7.9% | ||
| Q1 24 | 23.6% | 12.1% |
| Q4 25 | 12.1% | 4.3% | ||
| Q3 25 | 20.9% | 3.9% | ||
| Q2 25 | 13.0% | 2.4% | ||
| Q1 25 | 7.9% | 1.7% | ||
| Q4 24 | 12.9% | 3.2% | ||
| Q3 24 | 10.1% | 2.6% | ||
| Q2 24 | 5.3% | 2.5% | ||
| Q1 24 | 6.7% | 2.0% |
| Q4 25 | 1.09× | — | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | 7.65× | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | -0.04× | ||
| Q2 24 | 0.94× | 0.49× | ||
| Q1 24 | 1.87× | 0.46× |
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% |
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
