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Side-by-side financial comparison of CF Industries (CF) and Legacy Housing Corp (LEGH). Click either name above to swap in a different company.
CF Industries is the larger business by last-quarter revenue ($1.9B vs $25.5M, roughly 73.5× Legacy Housing Corp). Legacy Housing Corp runs the higher net margin — 32.2% vs 26.4%, a 5.7% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs -30.6%). CF Industries produced more free cash flow last quarter ($313.0M vs $15.7M). Over the past eight quarters, CF Industries's revenue compounded faster (12.8% CAGR vs -9.1%).
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.
Legacy Housing Corp is a prominent U.S.-based manufacturer of affordable manufactured homes, tiny homes, and accessory dwelling units. It mainly caters to low- and middle-income consumers across North America, providing customizable residential solutions, supporting construction materials, and after-sales services for individual and community development clients.
CF vs LEGH — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $25.5M |
| Net Profit | $495.0M | $8.2M |
| Gross Margin | 40.9% | 26.4% |
| Operating Margin | 33.0% | 40.4% |
| Net Margin | 26.4% | 32.2% |
| Revenue YoY | 22.8% | -30.6% |
| Net Profit YoY | 26.3% | -43.5% |
| EPS (diluted) | $2.56 | $0.38 |
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 | $25.5M | ||
| Q3 25 | $1.7B | $28.8M | ||
| Q2 25 | $1.9B | $38.4M | ||
| Q1 25 | $1.7B | $24.3M | ||
| Q4 24 | $1.5B | $36.7M | ||
| Q3 24 | $1.4B | $30.2M | ||
| Q2 24 | $1.6B | $31.7M | ||
| Q1 24 | $1.5B | $30.8M |
| Q4 25 | $495.0M | $8.2M | ||
| Q3 25 | $460.0M | $8.6M | ||
| Q2 25 | $492.0M | $14.7M | ||
| Q1 25 | $351.0M | $10.3M | ||
| Q4 24 | $392.0M | $14.5M | ||
| Q3 24 | $341.0M | $15.8M | ||
| Q2 24 | $506.0M | $16.2M | ||
| Q1 24 | $238.0M | $15.1M |
| Q4 25 | 40.9% | 26.4% | ||
| Q3 25 | 38.1% | 20.2% | ||
| Q2 25 | 39.9% | 32.4% | ||
| Q1 25 | 34.4% | 29.2% | ||
| Q4 24 | 34.4% | 27.3% | ||
| Q3 24 | 32.4% | 29.2% | ||
| Q2 24 | 43.2% | 31.9% | ||
| Q1 24 | 27.8% | 33.6% |
| Q4 25 | 33.0% | 40.4% | ||
| Q3 25 | 35.0% | 33.7% | ||
| Q2 25 | 34.3% | 43.8% | ||
| Q1 25 | 27.4% | 47.7% | ||
| Q4 24 | 28.9% | 42.3% | ||
| Q3 24 | 26.6% | 50.8% | ||
| Q2 24 | 40.6% | 50.6% | ||
| Q1 24 | 20.6% | 54.3% |
| Q4 25 | 26.4% | 32.2% | ||
| Q3 25 | 27.7% | 30.0% | ||
| Q2 25 | 26.0% | 38.3% | ||
| Q1 25 | 21.1% | 42.3% | ||
| Q4 24 | 25.7% | 39.5% | ||
| Q3 24 | 24.9% | 52.4% | ||
| Q2 24 | 32.2% | 51.1% | ||
| Q1 24 | 16.2% | 49.1% |
| Q4 25 | $2.56 | $0.38 | ||
| Q3 25 | $2.19 | $0.35 | ||
| Q2 25 | $2.37 | $0.60 | ||
| Q1 25 | $1.85 | $0.41 | ||
| Q4 24 | $1.86 | $0.59 | ||
| Q3 24 | $1.55 | $0.64 | ||
| Q2 24 | $2.30 | $0.65 | ||
| Q1 24 | $1.03 | $0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.5M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $4.8B | $528.6M |
| Total Assets | $14.1B | $580.3M |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.5M | ||
| Q3 25 | — | $13.6M | ||
| Q2 25 | — | $2.6M | ||
| Q1 25 | — | $3.4M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | — | $570.0K | ||
| Q2 24 | — | $60.0K | ||
| Q1 24 | — | $621.0K |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
| Q4 25 | $4.8B | $528.6M | ||
| Q3 25 | $4.8B | $521.6M | ||
| Q2 25 | $5.0B | $512.8M | ||
| Q1 25 | $4.8B | $503.7M | ||
| Q4 24 | $5.0B | $494.0M | ||
| Q3 24 | $5.2B | $479.3M | ||
| Q2 24 | $5.5B | $463.2M | ||
| Q1 24 | $5.4B | $450.4M |
| Q4 25 | $14.1B | $580.3M | ||
| Q3 25 | $14.2B | $557.9M | ||
| Q2 25 | $13.8B | $552.0M | ||
| Q1 25 | $13.3B | $544.6M | ||
| Q4 24 | $13.5B | $534.2M | ||
| Q3 24 | $13.8B | $521.4M | ||
| Q2 24 | $13.8B | $514.9M | ||
| Q1 24 | $13.9B | $510.0M |
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.60× | — | ||
| 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 | $19.0M |
| Free Cash FlowOCF − Capex | $313.0M | $15.7M |
| FCF MarginFCF / Revenue | 16.7% | 61.6% |
| Capex IntensityCapex / Revenue | 12.1% | 13.1% |
| Cash ConversionOCF / Net Profit | 1.09× | 2.32× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $28.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $19.0M | ||
| Q3 25 | $1.1B | $7.2M | ||
| Q2 25 | $563.0M | $6.1M | ||
| Q1 25 | $586.0M | $4.9M | ||
| Q4 24 | $420.0M | $7.9M | ||
| Q3 24 | $931.0M | $13.8M | ||
| Q2 24 | $475.0M | $3.5M | ||
| Q1 24 | $445.0M | $10.8M |
| Q4 25 | $313.0M | $15.7M | ||
| Q3 25 | $717.0M | $5.1M | ||
| Q2 25 | $318.0M | $3.7M | ||
| Q1 25 | $454.0M | $3.6M | ||
| Q4 24 | $223.0M | $6.0M | ||
| Q3 24 | $792.0M | $9.1M | ||
| Q2 24 | $391.0M | $1.7M | ||
| Q1 24 | $347.0M | $9.9M |
| Q4 25 | 16.7% | 61.6% | ||
| Q3 25 | 43.2% | 17.8% | ||
| Q2 25 | 16.8% | 9.6% | ||
| Q1 25 | 27.3% | 15.0% | ||
| Q4 24 | 14.6% | 16.4% | ||
| Q3 24 | 57.8% | 30.2% | ||
| Q2 24 | 24.9% | 5.4% | ||
| Q1 24 | 23.6% | 32.2% |
| Q4 25 | 12.1% | 13.1% | ||
| Q3 25 | 20.9% | 7.1% | ||
| Q2 25 | 13.0% | 6.2% | ||
| Q1 25 | 7.9% | 5.2% | ||
| Q4 24 | 12.9% | 5.1% | ||
| Q3 24 | 10.1% | 15.6% | ||
| Q2 24 | 5.3% | 5.5% | ||
| Q1 24 | 6.7% | 2.8% |
| Q4 25 | 1.09× | 2.32× | ||
| Q3 25 | 2.31× | 0.83× | ||
| Q2 25 | 1.14× | 0.41× | ||
| Q1 25 | 1.67× | 0.48× | ||
| Q4 24 | 1.07× | 0.54× | ||
| Q3 24 | 2.73× | 0.88× | ||
| Q2 24 | 0.94× | 0.21× | ||
| Q1 24 | 1.87× | 0.71× |
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% |
LEGH
| Commercial Sales | $8.6M | 34% |
| Retail Store Sales | $6.0M | 24% |
| Inventory Finance Sales | $5.0M | 20% |
| Direct Sales | $4.4M | 17% |
| Other | $1.5M | 6% |
