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Side-by-side financial comparison of CF Industries (CF) and Old Dominion (ODFL). Click either name above to swap in a different company.
CF Industries is the larger business by last-quarter revenue ($1.9B vs $1.3B, roughly 1.4× Old Dominion). CF Industries runs the higher net margin — 26.4% vs 17.9%, a 8.6% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs -2.9%). Over the past eight quarters, CF Industries's revenue compounded faster (12.8% CAGR vs -5.6%).
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.
Old Dominion Freight Line, Inc. (ODFL) is an American regional, inter-regional and national less than truckload shipping (LTL) company. In addition to its core LTL services, the company offers expedited, logistics and household moving services.
CF vs ODFL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.3B |
| Net Profit | $495.0M | $238.3M |
| Gross Margin | 40.9% | — |
| Operating Margin | 33.0% | 23.8% |
| Net Margin | 26.4% | 17.9% |
| Revenue YoY | 22.8% | -2.9% |
| Net Profit YoY | 26.3% | -6.4% |
| EPS (diluted) | $2.56 | $1.14 |
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.
| Q1 26 | — | $1.3B | ||
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.6B | $1.5B |
| Q1 26 | — | $238.3M | ||
| Q4 25 | $495.0M | $229.5M | ||
| Q3 25 | $460.0M | $270.9M | ||
| Q2 25 | $492.0M | $268.6M | ||
| Q1 25 | $351.0M | $254.7M | ||
| Q4 24 | $392.0M | $263.1M | ||
| Q3 24 | $341.0M | $308.6M | ||
| Q2 24 | $506.0M | $322.0M |
| Q1 26 | — | — | ||
| Q4 25 | 40.9% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 39.9% | — | ||
| Q1 25 | 34.4% | — | ||
| Q4 24 | 34.4% | — | ||
| Q3 24 | 32.4% | — | ||
| Q2 24 | 43.2% | — |
| Q1 26 | — | 23.8% | ||
| Q4 25 | 33.0% | 23.3% | ||
| Q3 25 | 35.0% | 25.7% | ||
| Q2 25 | 34.3% | 25.4% | ||
| Q1 25 | 27.4% | 24.6% | ||
| Q4 24 | 28.9% | 24.1% | ||
| Q3 24 | 26.6% | 27.3% | ||
| Q2 24 | 40.6% | 28.1% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | 26.4% | 17.6% | ||
| Q3 25 | 27.7% | 19.3% | ||
| Q2 25 | 26.0% | 19.1% | ||
| Q1 25 | 21.1% | 18.5% | ||
| Q4 24 | 25.7% | 19.0% | ||
| Q3 24 | 24.9% | 21.0% | ||
| Q2 24 | 32.2% | 21.5% |
| Q1 26 | — | $1.14 | ||
| Q4 25 | $2.56 | $1.10 | ||
| Q3 25 | $2.19 | $1.28 | ||
| Q2 25 | $2.37 | $1.27 | ||
| Q1 25 | $1.85 | $1.19 | ||
| Q4 24 | $1.86 | $1.23 | ||
| Q3 24 | $1.55 | $1.43 | ||
| Q2 24 | $2.30 | $1.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $288.1M |
| Total DebtLower is stronger | $3.2B | $40.0M |
| Stockholders' EquityBook value | $4.8B | $4.4B |
| Total Assets | $14.1B | $5.7B |
| Debt / EquityLower = less leverage | 0.66× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $288.1M | ||
| Q4 25 | — | $120.1M | ||
| Q3 25 | — | $46.6M | ||
| Q2 25 | — | $24.1M | ||
| Q1 25 | — | $97.2M | ||
| Q4 24 | — | $108.7M | ||
| Q3 24 | — | $74.2M | ||
| Q2 24 | — | $104.6M |
| Q1 26 | — | $40.0M | ||
| Q4 25 | $3.2B | $20.0M | ||
| Q3 25 | $3.0B | $65.0M | ||
| Q2 25 | $3.0B | $150.0M | ||
| Q1 25 | $3.0B | $40.0M | ||
| Q4 24 | $3.0B | $40.0M | ||
| Q3 24 | $3.0B | $40.0M | ||
| Q2 24 | $3.0B | $40.0M |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $4.8B | $4.3B | ||
| Q3 25 | $4.8B | $4.3B | ||
| Q2 25 | $5.0B | $4.2B | ||
| Q1 25 | $4.8B | $4.2B | ||
| Q4 24 | $5.0B | $4.2B | ||
| Q3 24 | $5.2B | $4.2B | ||
| Q2 24 | $5.5B | $4.1B |
| Q1 26 | — | $5.7B | ||
| Q4 25 | $14.1B | $5.5B | ||
| Q3 25 | $14.2B | $5.5B | ||
| Q2 25 | $13.8B | $5.6B | ||
| Q1 25 | $13.3B | $5.5B | ||
| Q4 24 | $13.5B | $5.5B | ||
| Q3 24 | $13.8B | $5.4B | ||
| Q2 24 | $13.8B | $5.3B |
| Q1 26 | — | 0.01× | ||
| Q4 25 | 0.66× | 0.00× | ||
| Q3 25 | 0.61× | 0.02× | ||
| Q2 25 | 0.60× | 0.04× | ||
| Q1 25 | 0.62× | 0.01× | ||
| Q4 24 | 0.60× | 0.01× | ||
| Q3 24 | 0.57× | 0.01× | ||
| Q2 24 | 0.54× | 0.01× |
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 | — |
| Free Cash FlowOCF − Capex | $313.0M | — |
| FCF MarginFCF / Revenue | 16.7% | — |
| Capex IntensityCapex / Revenue | 12.1% | — |
| Cash ConversionOCF / Net Profit | 1.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $539.0M | $310.3M | ||
| Q3 25 | $1.1B | $437.5M | ||
| Q2 25 | $563.0M | $285.8M | ||
| Q1 25 | $586.0M | $336.5M | ||
| Q4 24 | $420.0M | $401.1M | ||
| Q3 24 | $931.0M | $446.5M | ||
| Q2 24 | $475.0M | $387.9M |
| Q1 26 | — | — | ||
| Q4 25 | $313.0M | $264.5M | ||
| Q3 25 | $717.0M | $343.5M | ||
| Q2 25 | $318.0M | $98.7M | ||
| Q1 25 | $454.0M | $248.4M | ||
| Q4 24 | $223.0M | $230.1M | ||
| Q3 24 | $792.0M | $203.7M | ||
| Q2 24 | $391.0M | $149.7M |
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | 20.2% | ||
| Q3 25 | 43.2% | 24.4% | ||
| Q2 25 | 16.8% | 7.0% | ||
| Q1 25 | 27.3% | 18.1% | ||
| Q4 24 | 14.6% | 16.6% | ||
| Q3 24 | 57.8% | 13.9% | ||
| Q2 24 | 24.9% | 10.0% |
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 3.5% | ||
| Q3 25 | 20.9% | 6.7% | ||
| Q2 25 | 13.0% | 13.3% | ||
| Q1 25 | 7.9% | 6.4% | ||
| Q4 24 | 12.9% | 12.3% | ||
| Q3 24 | 10.1% | 16.5% | ||
| Q2 24 | 5.3% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.09× | 1.35× | ||
| Q3 25 | 2.31× | 1.61× | ||
| Q2 25 | 1.14× | 1.06× | ||
| Q1 25 | 1.67× | 1.32× | ||
| Q4 24 | 1.07× | 1.52× | ||
| Q3 24 | 2.73× | 1.45× | ||
| Q2 24 | 0.94× | 1.20× |
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% |
ODFL
Segment breakdown not available.
