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Side-by-side financial comparison of CF Industries (CF) and NEWELL BRANDS INC. (NWL). Click either name above to swap in a different company.
NEWELL BRANDS INC. is the larger business by last-quarter revenue ($1.9B vs $1.9B, roughly 1.0× CF Industries). CF Industries runs the higher net margin — 26.4% vs -16.6%, a 43.0% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs -2.7%). CF Industries produced more free cash flow last quarter ($313.0M vs $91.0M). Over the past eight quarters, CF Industries's revenue compounded faster (12.8% CAGR vs 7.1%).
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.
Newell Brands Inc. is an American conglomerate of consumer and commercial products. The company's brands and products include Rubbermaid storage/or waste disposal containers; home organization and reusable container products; Contigo and Bubba water bottles; Coleman outdoor products; writing instruments glue ; children's products ; cookware and small appliances and fragrance products.
CF vs NWL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.9B |
| Net Profit | $495.0M | $-315.0M |
| Gross Margin | 40.9% | 33.1% |
| Operating Margin | 33.0% | -14.3% |
| Net Margin | 26.4% | -16.6% |
| Revenue YoY | 22.8% | -2.7% |
| Net Profit YoY | 26.3% | -483.3% |
| EPS (diluted) | $2.56 | $-0.75 |
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 | $1.9B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.9B | $1.9B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.5B | $1.9B | ||
| Q3 24 | $1.4B | $1.9B | ||
| Q2 24 | $1.6B | $2.0B | ||
| Q1 24 | $1.5B | $1.7B |
| Q4 25 | $495.0M | $-315.0M | ||
| Q3 25 | $460.0M | $21.0M | ||
| Q2 25 | $492.0M | $46.0M | ||
| Q1 25 | $351.0M | $-37.0M | ||
| Q4 24 | $392.0M | $-54.0M | ||
| Q3 24 | $341.0M | $-198.0M | ||
| Q2 24 | $506.0M | $45.0M | ||
| Q1 24 | $238.0M | $-9.0M |
| Q4 25 | 40.9% | 33.1% | ||
| Q3 25 | 38.1% | 34.1% | ||
| Q2 25 | 39.9% | 35.4% | ||
| Q1 25 | 34.4% | 32.1% | ||
| Q4 24 | 34.4% | 34.2% | ||
| Q3 24 | 32.4% | 34.9% | ||
| Q2 24 | 43.2% | 34.4% | ||
| Q1 24 | 27.8% | 30.5% |
| Q4 25 | 33.0% | -14.3% | ||
| Q3 25 | 35.0% | 6.6% | ||
| Q2 25 | 34.3% | 8.8% | ||
| Q1 25 | 27.4% | 1.3% | ||
| Q4 24 | 28.9% | 0.5% | ||
| Q3 24 | 26.6% | -6.2% | ||
| Q2 24 | 40.6% | 8.0% | ||
| Q1 24 | 20.6% | 1.0% |
| Q4 25 | 26.4% | -16.6% | ||
| Q3 25 | 27.7% | 1.2% | ||
| Q2 25 | 26.0% | 2.4% | ||
| Q1 25 | 21.1% | -2.4% | ||
| Q4 24 | 25.7% | -2.8% | ||
| Q3 24 | 24.9% | -10.2% | ||
| Q2 24 | 32.2% | 2.2% | ||
| Q1 24 | 16.2% | -0.5% |
| Q4 25 | $2.56 | $-0.75 | ||
| Q3 25 | $2.19 | $0.05 | ||
| Q2 25 | $2.37 | $0.11 | ||
| Q1 25 | $1.85 | $-0.09 | ||
| Q4 24 | $1.86 | $-0.13 | ||
| Q3 24 | $1.55 | $-0.48 | ||
| Q2 24 | $2.30 | $0.11 | ||
| Q1 24 | $1.03 | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $203.0M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $4.8B | $2.4B |
| Total Assets | $14.1B | $10.7B |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $203.0M | ||
| Q3 25 | — | $229.0M | ||
| Q2 25 | — | $219.0M | ||
| Q1 25 | — | $233.0M | ||
| Q4 24 | — | $198.0M | ||
| Q3 24 | — | $494.0M | ||
| Q2 24 | — | $382.0M | ||
| Q1 24 | — | $372.0M |
| 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 | $2.4B | ||
| Q3 25 | $4.8B | $2.7B | ||
| Q2 25 | $5.0B | $2.7B | ||
| Q1 25 | $4.8B | $2.7B | ||
| Q4 24 | $5.0B | $2.8B | ||
| Q3 24 | $5.2B | $2.9B | ||
| Q2 24 | $5.5B | $3.1B | ||
| Q1 24 | $5.4B | $3.1B |
| Q4 25 | $14.1B | $10.7B | ||
| Q3 25 | $14.2B | $11.3B | ||
| Q2 25 | $13.8B | $11.5B | ||
| Q1 25 | $13.3B | $11.3B | ||
| Q4 24 | $13.5B | $11.0B | ||
| Q3 24 | $13.8B | $11.8B | ||
| Q2 24 | $13.8B | $12.0B | ||
| Q1 24 | $13.9B | $12.1B |
| 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 | $161.0M |
| Free Cash FlowOCF − Capex | $313.0M | $91.0M |
| FCF MarginFCF / Revenue | 16.7% | 4.8% |
| Capex IntensityCapex / Revenue | 12.1% | 3.7% |
| Cash ConversionOCF / Net Profit | 1.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $17.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $161.0M | ||
| Q3 25 | $1.1B | $374.0M | ||
| Q2 25 | $563.0M | $-58.0M | ||
| Q1 25 | $586.0M | $-213.0M | ||
| Q4 24 | $420.0M | $150.0M | ||
| Q3 24 | $931.0M | $282.0M | ||
| Q2 24 | $475.0M | $32.0M | ||
| Q1 24 | $445.0M | $32.0M |
| Q4 25 | $313.0M | $91.0M | ||
| Q3 25 | $717.0M | $315.0M | ||
| Q2 25 | $318.0M | $-117.0M | ||
| Q1 25 | $454.0M | $-272.0M | ||
| Q4 24 | $223.0M | $54.0M | ||
| Q3 24 | $792.0M | $231.0M | ||
| Q2 24 | $391.0M | $-21.0M | ||
| Q1 24 | $347.0M | $-27.0M |
| Q4 25 | 16.7% | 4.8% | ||
| Q3 25 | 43.2% | 17.4% | ||
| Q2 25 | 16.8% | -6.0% | ||
| Q1 25 | 27.3% | -17.4% | ||
| Q4 24 | 14.6% | 2.8% | ||
| Q3 24 | 57.8% | 11.9% | ||
| Q2 24 | 24.9% | -1.0% | ||
| Q1 24 | 23.6% | -1.6% |
| Q4 25 | 12.1% | 3.7% | ||
| Q3 25 | 20.9% | 3.3% | ||
| Q2 25 | 13.0% | 3.0% | ||
| Q1 25 | 7.9% | 3.8% | ||
| Q4 24 | 12.9% | 4.9% | ||
| Q3 24 | 10.1% | 2.6% | ||
| Q2 24 | 5.3% | 2.6% | ||
| Q1 24 | 6.7% | 3.6% |
| Q4 25 | 1.09× | — | ||
| Q3 25 | 2.31× | 17.81× | ||
| Q2 25 | 1.14× | -1.26× | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 2.73× | — | ||
| Q2 24 | 0.94× | 0.71× | ||
| Q1 24 | 1.87× | — |
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% |
NWL
| Kitchen | $538.0M | 28% |
| Writing | $370.0M | 20% |
| Commercial | $320.0M | 17% |
| Financial Institution Two | $286.0M | 15% |
| Baby | $259.0M | 14% |
| Outdoor And Recreation | $142.0M | 7% |
