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Side-by-side financial comparison of CF Industries (CF) and JBT Marel Corp (JBTM). Click either name above to swap in a different company.
CF Industries is the larger business by last-quarter revenue ($1.9B vs $1.0B, roughly 1.9× JBT Marel Corp). CF Industries runs the higher net margin — 26.4% vs 5.3%, a 21.2% gap on every dollar of revenue. On growth, JBT Marel Corp posted the faster year-over-year revenue change (115.6% vs 22.8%). CF Industries produced more free cash flow last quarter ($313.0M vs $83.5M). Over the past eight quarters, JBT Marel Corp's revenue compounded faster (60.3% 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.
JBT Marel Corporation, formerly known as JBT Corporation, or John Bean Technologies Corporation, is a food processing machinery and automated vehicle company. The company was incorporated in 2008 when FMC Technologies divested its non-energy businesses. The company is based in Chicago, Illinois and traces its history back to a company founded in 1884 by John Bean, an orchardist in Los Gatos, California.
CF vs JBTM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.0B |
| Net Profit | $495.0M | $53.1M |
| Gross Margin | 40.9% | 34.5% |
| Operating Margin | 33.0% | 7.2% |
| Net Margin | 26.4% | 5.3% |
| Revenue YoY | 22.8% | 115.6% |
| Net Profit YoY | 26.3% | 858.6% |
| EPS (diluted) | $2.56 | $1.04 |
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 | $1.0B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.9B | $934.8M | ||
| Q1 25 | $1.7B | $854.1M | ||
| Q4 24 | $1.5B | $467.6M | ||
| Q3 24 | $1.4B | $453.8M | ||
| Q2 24 | $1.6B | $402.3M | ||
| Q1 24 | $1.5B | $392.3M |
| Q4 25 | $495.0M | $53.1M | ||
| Q3 25 | $460.0M | $66.0M | ||
| Q2 25 | $492.0M | $3.4M | ||
| Q1 25 | $351.0M | $-173.0M | ||
| Q4 24 | $392.0M | $-7.0M | ||
| Q3 24 | $341.0M | $38.9M | ||
| Q2 24 | $506.0M | $30.7M | ||
| Q1 24 | $238.0M | $22.8M |
| Q4 25 | 40.9% | 34.5% | ||
| Q3 25 | 38.1% | 35.9% | ||
| Q2 25 | 39.9% | 35.8% | ||
| Q1 25 | 34.4% | 34.2% | ||
| Q4 24 | 34.4% | 38.4% | ||
| Q3 24 | 32.4% | 36.1% | ||
| Q2 24 | 43.2% | 35.6% | ||
| Q1 24 | 27.8% | 35.8% |
| Q4 25 | 33.0% | 7.2% | ||
| Q3 25 | 35.0% | 10.2% | ||
| Q2 25 | 34.3% | 5.2% | ||
| Q1 25 | 27.4% | -3.9% | ||
| Q4 24 | 28.9% | 3.4% | ||
| Q3 24 | 26.6% | 10.3% | ||
| Q2 24 | 40.6% | 6.7% | ||
| Q1 24 | 20.6% | 7.4% |
| Q4 25 | 26.4% | 5.3% | ||
| Q3 25 | 27.7% | 6.6% | ||
| Q2 25 | 26.0% | 0.4% | ||
| Q1 25 | 21.1% | -20.3% | ||
| Q4 24 | 25.7% | -1.5% | ||
| Q3 24 | 24.9% | 8.6% | ||
| Q2 24 | 32.2% | 7.6% | ||
| Q1 24 | 16.2% | 5.8% |
| Q4 25 | $2.56 | $1.04 | ||
| Q3 25 | $2.19 | $1.26 | ||
| Q2 25 | $2.37 | $0.07 | ||
| Q1 25 | $1.85 | $-3.35 | ||
| Q4 24 | $1.86 | $-0.22 | ||
| Q3 24 | $1.55 | $1.21 | ||
| Q2 24 | $2.30 | $0.95 | ||
| Q1 24 | $1.03 | $0.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $167.9M |
| Total DebtLower is stronger | $3.2B | $1.5B |
| Stockholders' EquityBook value | $4.8B | $4.5B |
| Total Assets | $14.1B | $8.2B |
| Debt / EquityLower = less leverage | 0.66× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $167.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $3.0B | $1.5B | ||
| Q2 25 | $3.0B | $1.5B | ||
| Q1 25 | $3.0B | $2.0B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $3.0B | $648.3M | ||
| Q2 24 | $3.0B | $647.7M | ||
| Q1 24 | $3.0B | $647.0M |
| Q4 25 | $4.8B | $4.5B | ||
| Q3 25 | $4.8B | $4.4B | ||
| Q2 25 | $5.0B | $4.4B | ||
| Q1 25 | $4.8B | $4.1B | ||
| Q4 24 | $5.0B | $1.5B | ||
| Q3 24 | $5.2B | $1.6B | ||
| Q2 24 | $5.5B | $1.5B | ||
| Q1 24 | $5.4B | $1.5B |
| Q4 25 | $14.1B | $8.2B | ||
| Q3 25 | $14.2B | $8.2B | ||
| Q2 25 | $13.8B | $8.3B | ||
| Q1 25 | $13.3B | $8.0B | ||
| Q4 24 | $13.5B | $3.4B | ||
| Q3 24 | $13.8B | $2.8B | ||
| Q2 24 | $13.8B | $2.7B | ||
| Q1 24 | $13.9B | $2.7B |
| Q4 25 | 0.66× | 0.33× | ||
| Q3 25 | 0.61× | 0.34× | ||
| Q2 25 | 0.60× | 0.35× | ||
| Q1 25 | 0.62× | 0.48× | ||
| Q4 24 | 0.60× | 0.81× | ||
| Q3 24 | 0.57× | 0.41× | ||
| Q2 24 | 0.54× | 0.43× | ||
| Q1 24 | 0.55× | 0.43× |
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 | $117.4M |
| Free Cash FlowOCF − Capex | $313.0M | $83.5M |
| FCF MarginFCF / Revenue | 16.7% | 8.3% |
| Capex IntensityCapex / Revenue | 12.1% | 3.4% |
| Cash ConversionOCF / Net Profit | 1.09× | 2.21× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $117.4M | ||
| Q3 25 | $1.1B | $87.7M | ||
| Q2 25 | $563.0M | $102.2M | ||
| Q1 25 | $586.0M | $34.4M | ||
| Q4 24 | $420.0M | $128.7M | ||
| Q3 24 | $931.0M | $71.9M | ||
| Q2 24 | $475.0M | $21.6M | ||
| Q1 24 | $445.0M | $10.4M |
| Q4 25 | $313.0M | $83.5M | ||
| Q3 25 | $717.0M | $56.5M | ||
| Q2 25 | $318.0M | $83.7M | ||
| Q1 25 | $454.0M | $14.4M | ||
| Q4 24 | $223.0M | $118.7M | ||
| Q3 24 | $792.0M | $65.0M | ||
| Q2 24 | $391.0M | $11.1M | ||
| Q1 24 | $347.0M | $-100.0K |
| Q4 25 | 16.7% | 8.3% | ||
| Q3 25 | 43.2% | 5.6% | ||
| Q2 25 | 16.8% | 9.0% | ||
| Q1 25 | 27.3% | 1.7% | ||
| Q4 24 | 14.6% | 25.4% | ||
| Q3 24 | 57.8% | 14.3% | ||
| Q2 24 | 24.9% | 2.8% | ||
| Q1 24 | 23.6% | -0.0% |
| Q4 25 | 12.1% | 3.4% | ||
| Q3 25 | 20.9% | 3.1% | ||
| Q2 25 | 13.0% | 2.0% | ||
| Q1 25 | 7.9% | 2.3% | ||
| Q4 24 | 12.9% | 2.1% | ||
| Q3 24 | 10.1% | 1.5% | ||
| Q2 24 | 5.3% | 2.6% | ||
| Q1 24 | 6.7% | 2.7% |
| Q4 25 | 1.09× | 2.21× | ||
| Q3 25 | 2.31× | 1.33× | ||
| Q2 25 | 1.14× | 30.06× | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | 1.85× | ||
| Q2 24 | 0.94× | 0.70× | ||
| 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% |
JBTM
Segment breakdown not available.
