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Side-by-side financial comparison of CF Industries (CF) and Huntington Ingalls Industries (HII). Click either name above to swap in a different company.
Huntington Ingalls Industries is the larger business by last-quarter revenue ($3.5B vs $1.9B, roughly 1.9× CF Industries). CF Industries runs the higher net margin — 26.4% vs 4.6%, a 21.9% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs 15.7%). Huntington Ingalls Industries produced more free cash flow last quarter ($516.0M vs $313.0M). Over the past eight quarters, CF Industries's revenue compounded faster (12.8% CAGR vs 11.3%).
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.
Huntington Ingalls Industries, Inc. (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII was formed on 31 March 2011, as a divestiture from Northrop Grumman.
CF vs HII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $3.5B |
| Net Profit | $495.0M | $159.0M |
| Gross Margin | 40.9% | — |
| Operating Margin | 33.0% | 4.9% |
| Net Margin | 26.4% | 4.6% |
| Revenue YoY | 22.8% | 15.7% |
| Net Profit YoY | 26.3% | 29.3% |
| EPS (diluted) | $2.56 | $4.06 |
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 | $3.5B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.9B | $3.1B | ||
| Q1 25 | $1.7B | $2.7B | ||
| Q4 24 | $1.5B | $3.0B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $1.6B | $3.0B | ||
| Q1 24 | $1.5B | $2.8B |
| Q4 25 | $495.0M | $159.0M | ||
| Q3 25 | $460.0M | $145.0M | ||
| Q2 25 | $492.0M | $152.0M | ||
| Q1 25 | $351.0M | $149.0M | ||
| Q4 24 | $392.0M | $123.0M | ||
| Q3 24 | $341.0M | $101.0M | ||
| Q2 24 | $506.0M | $173.0M | ||
| Q1 24 | $238.0M | $153.0M |
| 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% | 4.9% | ||
| Q3 25 | 35.0% | 5.0% | ||
| Q2 25 | 34.3% | 5.3% | ||
| Q1 25 | 27.4% | 5.9% | ||
| Q4 24 | 28.9% | 3.7% | ||
| Q3 24 | 26.6% | 3.0% | ||
| Q2 24 | 40.6% | 6.3% | ||
| Q1 24 | 20.6% | 5.5% |
| Q4 25 | 26.4% | 4.6% | ||
| Q3 25 | 27.7% | 4.5% | ||
| Q2 25 | 26.0% | 4.9% | ||
| Q1 25 | 21.1% | 5.4% | ||
| Q4 24 | 25.7% | 4.1% | ||
| Q3 24 | 24.9% | 3.7% | ||
| Q2 24 | 32.2% | 5.8% | ||
| Q1 24 | 16.2% | 5.5% |
| Q4 25 | $2.56 | $4.06 | ||
| Q3 25 | $2.19 | $3.68 | ||
| Q2 25 | $2.37 | $3.86 | ||
| Q1 25 | $1.85 | $3.79 | ||
| Q4 24 | $1.86 | $3.15 | ||
| Q3 24 | $1.55 | $2.56 | ||
| Q2 24 | $2.30 | $4.38 | ||
| Q1 24 | $1.03 | $3.87 |
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 | $2.7B |
| Stockholders' EquityBook value | $4.8B | $5.1B |
| Total Assets | $14.1B | $12.7B |
| Debt / EquityLower = less leverage | 0.66× | 0.53× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $10.0M |
| Q4 25 | $3.2B | $2.7B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $2.7B | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
| Q4 25 | $4.8B | $5.1B | ||
| Q3 25 | $4.8B | $5.0B | ||
| Q2 25 | $5.0B | $4.9B | ||
| Q1 25 | $4.8B | $4.8B | ||
| Q4 24 | $5.0B | $4.7B | ||
| Q3 24 | $5.2B | $4.2B | ||
| Q2 24 | $5.5B | $4.2B | ||
| Q1 24 | $5.4B | $4.1B |
| Q4 25 | $14.1B | $12.7B | ||
| Q3 25 | $14.2B | $12.3B | ||
| Q2 25 | $13.8B | $12.1B | ||
| Q1 25 | $13.3B | $12.1B | ||
| Q4 24 | $13.5B | $12.1B | ||
| Q3 24 | $13.8B | $11.1B | ||
| Q2 24 | $13.8B | $11.3B | ||
| Q1 24 | $13.9B | $11.2B |
| Q4 25 | 0.66× | 0.53× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.60× | 0.58× | ||
| 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 | $650.0M |
| Free Cash FlowOCF − Capex | $313.0M | $516.0M |
| FCF MarginFCF / Revenue | 16.7% | 14.8% |
| Capex IntensityCapex / Revenue | 12.1% | 3.9% |
| Cash ConversionOCF / Net Profit | 1.09× | 4.09× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $794.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $650.0M | ||
| Q3 25 | $1.1B | $118.0M | ||
| Q2 25 | $563.0M | $823.0M | ||
| Q1 25 | $586.0M | $-395.0M | ||
| Q4 24 | $420.0M | $391.0M | ||
| Q3 24 | $931.0M | $213.0M | ||
| Q2 24 | $475.0M | $-9.0M | ||
| Q1 24 | $445.0M | $-202.0M |
| Q4 25 | $313.0M | $516.0M | ||
| Q3 25 | $717.0M | $13.0M | ||
| Q2 25 | $318.0M | $727.0M | ||
| Q1 25 | $454.0M | $-462.0M | ||
| Q4 24 | $223.0M | $277.0M | ||
| Q3 24 | $792.0M | $125.0M | ||
| Q2 24 | $391.0M | $-99.0M | ||
| Q1 24 | $347.0M | $-277.0M |
| Q4 25 | 16.7% | 14.8% | ||
| Q3 25 | 43.2% | 0.4% | ||
| Q2 25 | 16.8% | 23.6% | ||
| Q1 25 | 27.3% | -16.9% | ||
| Q4 24 | 14.6% | 9.2% | ||
| Q3 24 | 57.8% | 4.5% | ||
| Q2 24 | 24.9% | -3.3% | ||
| Q1 24 | 23.6% | -9.9% |
| Q4 25 | 12.1% | 3.9% | ||
| Q3 25 | 20.9% | 3.3% | ||
| Q2 25 | 13.0% | 3.1% | ||
| Q1 25 | 7.9% | 2.5% | ||
| Q4 24 | 12.9% | 3.8% | ||
| Q3 24 | 10.1% | 3.2% | ||
| Q2 24 | 5.3% | 3.0% | ||
| Q1 24 | 6.7% | 2.7% |
| Q4 25 | 1.09× | 4.09× | ||
| Q3 25 | 2.31× | 0.81× | ||
| Q2 25 | 1.14× | 5.41× | ||
| Q1 25 | 1.67× | -2.65× | ||
| Q4 24 | 1.07× | 3.18× | ||
| Q3 24 | 2.73× | 2.11× | ||
| Q2 24 | 0.94× | -0.05× | ||
| Q1 24 | 1.87× | -1.32× |
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% |
HII
| Aircraftcarriers | $984.0M | 28% |
| Fixedpriceincentive | $758.0M | 22% |
| Submarines | $744.0M | 21% |
| Surfacecombatantsandcoastguardcutters | $452.0M | 13% |
| Amphibiousassaultships | $433.0M | 12% |
| Costtype | $123.0M | 4% |
| Otherprograms | $4.0M | 0% |
