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Side-by-side financial comparison of CF Industries (CF) and INSPERITY, INC. (NSP). Click either name above to swap in a different company.
CF Industries is the larger business by last-quarter revenue ($1.9B vs $1.7B, roughly 1.1× INSPERITY, INC.). On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs 3.4%). CF Industries produced more free cash flow last quarter ($313.0M vs $246.0M). Over the past eight quarters, CF Industries's revenue compounded faster (12.8% CAGR vs -3.8%).
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.
Insperity, Inc., previously known as Administaff, Inc., is a professional employer organization (PEO) headquartered in Kingwood, an area of Houston, Texas, USA. Insperity provides human resources and administrative services to small and medium-sized businesses. Since 2004, the company has been title sponsor of a professional golf tournament on the Champions Tour, previously known as the Administaff Small Business Classic.
CF vs NSP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.7B |
| Net Profit | $495.0M | — |
| Gross Margin | 40.9% | 10.3% |
| Operating Margin | 33.0% | -2.8% |
| Net Margin | 26.4% | — |
| Revenue YoY | 22.8% | 3.4% |
| Net Profit YoY | 26.3% | — |
| EPS (diluted) | $2.56 | $-0.87 |
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 | $1.7B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.7B | $1.9B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.5B | $1.8B |
| Q4 25 | $495.0M | — | ||
| Q3 25 | $460.0M | $-20.0M | ||
| Q2 25 | $492.0M | $-5.0M | ||
| Q1 25 | $351.0M | $51.0M | ||
| Q4 24 | $392.0M | — | ||
| Q3 24 | $341.0M | $3.0M | ||
| Q2 24 | $506.0M | $18.0M | ||
| Q1 24 | $238.0M | $79.0M |
| Q4 25 | 40.9% | 10.3% | ||
| Q3 25 | 38.1% | 12.0% | ||
| Q2 25 | 39.9% | 13.4% | ||
| Q1 25 | 34.4% | 16.6% | ||
| Q4 24 | 34.4% | 13.5% | ||
| Q3 24 | 32.4% | 14.7% | ||
| Q2 24 | 43.2% | 16.2% | ||
| Q1 24 | 27.8% | 19.1% |
| Q4 25 | 33.0% | -2.8% | ||
| Q3 25 | 35.0% | -1.5% | ||
| Q2 25 | 34.3% | -0.4% | ||
| Q1 25 | 27.4% | 3.7% | ||
| Q4 24 | 28.9% | -0.9% | ||
| Q3 24 | 26.6% | 0.1% | ||
| Q2 24 | 40.6% | 1.4% | ||
| Q1 24 | 20.6% | 6.0% |
| Q4 25 | 26.4% | — | ||
| Q3 25 | 27.7% | -1.2% | ||
| Q2 25 | 26.0% | -0.3% | ||
| Q1 25 | 21.1% | 2.7% | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 24.9% | 0.2% | ||
| Q2 24 | 32.2% | 1.1% | ||
| Q1 24 | 16.2% | 4.4% |
| Q4 25 | $2.56 | $-0.87 | ||
| Q3 25 | $2.19 | $-0.53 | ||
| Q2 25 | $2.37 | $-0.14 | ||
| Q1 25 | $1.85 | $1.35 | ||
| Q4 24 | $1.86 | $-0.21 | ||
| Q3 24 | $1.55 | $0.07 | ||
| Q2 24 | $2.30 | $0.48 | ||
| Q1 24 | $1.03 | $2.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $682.0M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $4.8B | $46.0M |
| Total Assets | $14.1B | $2.2B |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $682.0M | ||
| Q3 25 | — | $521.0M | ||
| Q2 25 | — | $511.0M | ||
| Q1 25 | — | $684.0M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $596.0M | ||
| Q2 24 | — | $850.0M | ||
| Q1 24 | — | $801.0M |
| 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 | $46.0M | ||
| Q3 25 | $4.8B | $87.0M | ||
| Q2 25 | $5.0B | $112.0M | ||
| Q1 25 | $4.8B | $119.0M | ||
| Q4 24 | $5.0B | $97.0M | ||
| Q3 24 | $5.2B | $125.0M | ||
| Q2 24 | $5.5B | $142.0M | ||
| Q1 24 | $5.4B | $140.0M |
| Q4 25 | $14.1B | $2.2B | ||
| Q3 25 | $14.2B | $2.0B | ||
| Q2 25 | $13.8B | $2.0B | ||
| Q1 25 | $13.3B | $2.1B | ||
| Q4 24 | $13.5B | $2.6B | ||
| Q3 24 | $13.8B | $1.9B | ||
| Q2 24 | $13.8B | $2.1B | ||
| Q1 24 | $13.9B | $2.1B |
| 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 | $255.0M |
| Free Cash FlowOCF − Capex | $313.0M | $246.0M |
| FCF MarginFCF / Revenue | 16.7% | 14.7% |
| Capex IntensityCapex / Revenue | 12.1% | 0.5% |
| Cash ConversionOCF / Net Profit | 1.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $-309.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $255.0M | ||
| Q3 25 | $1.1B | $-11.0M | ||
| Q2 25 | $563.0M | $-79.0M | ||
| Q1 25 | $586.0M | $-443.0M | ||
| Q4 24 | $420.0M | $619.0M | ||
| Q3 24 | $931.0M | $-150.0M | ||
| Q2 24 | $475.0M | $20.0M | ||
| Q1 24 | $445.0M | $31.0M |
| Q4 25 | $313.0M | $246.0M | ||
| Q3 25 | $717.0M | $-20.0M | ||
| Q2 25 | $318.0M | $-86.0M | ||
| Q1 25 | $454.0M | $-449.0M | ||
| Q4 24 | $223.0M | $606.0M | ||
| Q3 24 | $792.0M | $-164.0M | ||
| Q2 24 | $391.0M | $14.0M | ||
| Q1 24 | $347.0M | $26.0M |
| Q4 25 | 16.7% | 14.7% | ||
| Q3 25 | 43.2% | -1.2% | ||
| Q2 25 | 16.8% | -5.2% | ||
| Q1 25 | 27.3% | -24.1% | ||
| Q4 24 | 14.6% | 37.6% | ||
| Q3 24 | 57.8% | -10.5% | ||
| Q2 24 | 24.9% | 0.9% | ||
| Q1 24 | 23.6% | 1.4% |
| Q4 25 | 12.1% | 0.5% | ||
| Q3 25 | 20.9% | 0.6% | ||
| Q2 25 | 13.0% | 0.4% | ||
| Q1 25 | 7.9% | 0.3% | ||
| Q4 24 | 12.9% | 0.8% | ||
| Q3 24 | 10.1% | 0.9% | ||
| Q2 24 | 5.3% | 0.4% | ||
| Q1 24 | 6.7% | 0.3% |
| Q4 25 | 1.09× | — | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | -8.69× | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | -50.00× | ||
| Q2 24 | 0.94× | 1.11× | ||
| Q1 24 | 1.87× | 0.39× |
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% |
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
