vs
Side-by-side financial comparison of CF Industries (CF) and Microchip Technology (MCHP). Click either name above to swap in a different company.
CF Industries is the larger business by last-quarter revenue ($1.9B vs $1.2B, roughly 1.6× Microchip Technology). CF Industries runs the higher net margin — 26.4% vs 5.3%, a 21.2% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs 15.6%). Microchip Technology produced more free cash flow last quarter ($318.9M vs $313.0M). Over the past eight quarters, CF Industries's revenue compounded faster (12.8% CAGR vs -5.4%).
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.
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
CF vs MCHP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.2B |
| Net Profit | $495.0M | $62.7M |
| Gross Margin | 40.9% | 59.6% |
| Operating Margin | 33.0% | 12.8% |
| Net Margin | 26.4% | 5.3% |
| Revenue YoY | 22.8% | 15.6% |
| Net Profit YoY | 26.3% | 217.0% |
| EPS (diluted) | $2.56 | $0.06 |
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 | $1.2B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.7B | $970.5M | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.5B | $1.3B |
| Q4 25 | $495.0M | $62.7M | ||
| Q3 25 | $460.0M | $41.7M | ||
| Q2 25 | $492.0M | $-18.6M | ||
| Q1 25 | $351.0M | $-154.6M | ||
| Q4 24 | $392.0M | $-53.6M | ||
| Q3 24 | $341.0M | $78.4M | ||
| Q2 24 | $506.0M | $129.3M | ||
| Q1 24 | $238.0M | $154.7M |
| Q4 25 | 40.9% | 59.6% | ||
| Q3 25 | 38.1% | 55.9% | ||
| Q2 25 | 39.9% | 53.6% | ||
| Q1 25 | 34.4% | 51.6% | ||
| Q4 24 | 34.4% | 54.7% | ||
| Q3 24 | 32.4% | 57.4% | ||
| Q2 24 | 43.2% | 59.4% | ||
| Q1 24 | 27.8% | 59.6% |
| Q4 25 | 33.0% | 12.8% | ||
| Q3 25 | 35.0% | 7.8% | ||
| Q2 25 | 34.3% | 3.0% | ||
| Q1 25 | 27.4% | -10.3% | ||
| Q4 24 | 28.9% | 3.0% | ||
| Q3 24 | 26.6% | 12.6% | ||
| Q2 24 | 40.6% | 17.7% | ||
| Q1 24 | 20.6% | 19.1% |
| Q4 25 | 26.4% | 5.3% | ||
| Q3 25 | 27.7% | 3.7% | ||
| Q2 25 | 26.0% | -1.7% | ||
| Q1 25 | 21.1% | -15.9% | ||
| Q4 24 | 25.7% | -5.2% | ||
| Q3 24 | 24.9% | 6.7% | ||
| Q2 24 | 32.2% | 10.4% | ||
| Q1 24 | 16.2% | 11.7% |
| Q4 25 | $2.56 | $0.06 | ||
| Q3 25 | $2.19 | $0.03 | ||
| Q2 25 | $2.37 | $-0.09 | ||
| Q1 25 | $1.85 | $-0.29 | ||
| Q4 24 | $1.86 | $-0.10 | ||
| Q3 24 | $1.55 | $0.14 | ||
| Q2 24 | $2.30 | $0.24 | ||
| Q1 24 | $1.03 | $0.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $250.7M |
| Total DebtLower is stronger | $3.2B | $5.4B |
| Stockholders' EquityBook value | $4.8B | $6.6B |
| Total Assets | $14.1B | $14.3B |
| Debt / EquityLower = less leverage | 0.66× | 0.82× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $250.7M | ||
| Q3 25 | — | $236.8M | ||
| Q2 25 | — | $566.5M | ||
| Q1 25 | — | $771.7M | ||
| Q4 24 | — | $586.0M | ||
| Q3 24 | — | $286.1M | ||
| Q2 24 | — | $315.1M | ||
| Q1 24 | — | $319.7M |
| Q4 25 | $3.2B | $5.4B | ||
| Q3 25 | $3.0B | $5.4B | ||
| Q2 25 | $3.0B | $5.5B | ||
| Q1 25 | $3.0B | $5.6B | ||
| Q4 24 | $3.0B | $6.7B | ||
| Q3 24 | $3.0B | $6.4B | ||
| Q2 24 | $3.0B | $6.2B | ||
| Q1 24 | $3.0B | $6.0B |
| Q4 25 | $4.8B | $6.6B | ||
| Q3 25 | $4.8B | $6.7B | ||
| Q2 25 | $5.0B | $6.9B | ||
| Q1 25 | $4.8B | $7.1B | ||
| Q4 24 | $5.0B | $6.0B | ||
| Q3 24 | $5.2B | $6.3B | ||
| Q2 24 | $5.5B | $6.4B | ||
| Q1 24 | $5.4B | $6.7B |
| Q4 25 | $14.1B | $14.3B | ||
| Q3 25 | $14.2B | $14.5B | ||
| Q2 25 | $13.8B | $15.0B | ||
| Q1 25 | $13.3B | $15.4B | ||
| Q4 24 | $13.5B | $15.6B | ||
| Q3 24 | $13.8B | $15.6B | ||
| Q2 24 | $13.8B | $15.8B | ||
| Q1 24 | $13.9B | $15.9B |
| Q4 25 | 0.66× | 0.82× | ||
| Q3 25 | 0.61× | 0.80× | ||
| Q2 25 | 0.60× | 0.80× | ||
| Q1 25 | 0.62× | 0.80× | ||
| Q4 24 | 0.60× | 1.12× | ||
| Q3 24 | 0.57× | 1.02× | ||
| Q2 24 | 0.54× | 0.96× | ||
| Q1 24 | 0.55× | 0.90× |
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 | $341.4M |
| Free Cash FlowOCF − Capex | $313.0M | $318.9M |
| FCF MarginFCF / Revenue | 16.7% | 26.9% |
| Capex IntensityCapex / Revenue | 12.1% | 1.9% |
| Cash ConversionOCF / Net Profit | 1.09× | 5.44× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $819.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $341.4M | ||
| Q3 25 | $1.1B | $88.1M | ||
| Q2 25 | $563.0M | $275.6M | ||
| Q1 25 | $586.0M | $205.9M | ||
| Q4 24 | $420.0M | $271.5M | ||
| Q3 24 | $931.0M | $43.6M | ||
| Q2 24 | $475.0M | $377.1M | ||
| Q1 24 | $445.0M | $430.0M |
| Q4 25 | $313.0M | $318.9M | ||
| Q3 25 | $717.0M | $51.6M | ||
| Q2 25 | $318.0M | $257.7M | ||
| Q1 25 | $454.0M | $191.7M | ||
| Q4 24 | $223.0M | $253.4M | ||
| Q3 24 | $792.0M | $22.8M | ||
| Q2 24 | $391.0M | $304.2M | ||
| Q1 24 | $347.0M | $389.9M |
| Q4 25 | 16.7% | 26.9% | ||
| Q3 25 | 43.2% | 4.5% | ||
| Q2 25 | 16.8% | 24.0% | ||
| Q1 25 | 27.3% | 19.8% | ||
| Q4 24 | 14.6% | 24.7% | ||
| Q3 24 | 57.8% | 2.0% | ||
| Q2 24 | 24.9% | 24.5% | ||
| Q1 24 | 23.6% | 29.4% |
| Q4 25 | 12.1% | 1.9% | ||
| Q3 25 | 20.9% | 3.2% | ||
| Q2 25 | 13.0% | 1.7% | ||
| Q1 25 | 7.9% | 1.5% | ||
| Q4 24 | 12.9% | 1.8% | ||
| Q3 24 | 10.1% | 1.8% | ||
| Q2 24 | 5.3% | 5.9% | ||
| Q1 24 | 6.7% | 3.0% |
| Q4 25 | 1.09× | 5.44× | ||
| Q3 25 | 2.31× | 2.11× | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | 0.56× | ||
| Q2 24 | 0.94× | 2.92× | ||
| Q1 24 | 1.87× | 2.78× |
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% |
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
