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Side-by-side financial comparison of CF Industries (CF) and OLIN Corp (OLN). 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× OLIN Corp). CF Industries runs the higher net margin — 26.4% vs -8.6%, a 35.0% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs -0.4%). Over the past eight quarters, CF Industries's revenue compounded faster (12.8% CAGR vs 0.9%).
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.
Olin Corporation is an American manufacturer of ammunition, chlorine, and sodium hydroxide. The company traces its roots to two companies, both founded in 1892: Franklin W. Olin's Equitable Powder Company and the Mathieson Alkali Works. Accidents at Olin chemical plants have exposed employees and nearby residents to health hazards.
CF vs OLN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.7B |
| Net Profit | $495.0M | $-143.2M |
| Gross Margin | 40.9% | 1.9% |
| Operating Margin | 33.0% | -9.4% |
| Net Margin | 26.4% | -8.6% |
| Revenue YoY | 22.8% | -0.4% |
| Net Profit YoY | 26.3% | -1517.8% |
| EPS (diluted) | $2.56 | $-1.25 |
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 | $1.7B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.5B | $1.6B |
| Q4 25 | $495.0M | $-143.2M | ||
| Q3 25 | $460.0M | $43.7M | ||
| Q2 25 | $492.0M | $-2.8M | ||
| Q1 25 | $351.0M | $1.2M | ||
| Q4 24 | $392.0M | $10.1M | ||
| Q3 24 | $341.0M | $-25.2M | ||
| Q2 24 | $506.0M | $72.3M | ||
| Q1 24 | $238.0M | $47.8M |
| Q4 25 | 40.9% | 1.9% | ||
| Q3 25 | 38.1% | 10.7% | ||
| Q2 25 | 39.9% | 7.9% | ||
| Q1 25 | 34.4% | 9.0% | ||
| Q4 24 | 34.4% | 9.4% | ||
| Q3 24 | 32.4% | 8.5% | ||
| Q2 24 | 43.2% | 14.5% | ||
| Q1 24 | 27.8% | 12.7% |
| Q4 25 | 33.0% | -9.4% | ||
| Q3 25 | 35.0% | 4.8% | ||
| Q2 25 | 34.3% | 2.0% | ||
| Q1 25 | 27.4% | 2.7% | ||
| Q4 24 | 28.9% | 2.8% | ||
| Q3 24 | 26.6% | 1.0% | ||
| Q2 24 | 40.6% | 8.3% | ||
| Q1 24 | 20.6% | 5.9% |
| Q4 25 | 26.4% | -8.6% | ||
| Q3 25 | 27.7% | 2.6% | ||
| Q2 25 | 26.0% | -0.2% | ||
| Q1 25 | 21.1% | 0.1% | ||
| Q4 24 | 25.7% | 0.6% | ||
| Q3 24 | 24.9% | -1.6% | ||
| Q2 24 | 32.2% | 4.4% | ||
| Q1 24 | 16.2% | 2.9% |
| Q4 25 | $2.56 | $-1.25 | ||
| Q3 25 | $2.19 | $0.37 | ||
| Q2 25 | $2.37 | $-0.01 | ||
| Q1 25 | $1.85 | $0.01 | ||
| Q4 24 | $1.86 | $0.10 | ||
| Q3 24 | $1.55 | $-0.21 | ||
| Q2 24 | $2.30 | $0.62 | ||
| Q1 24 | $1.03 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $167.6M |
| Total DebtLower is stronger | $3.2B | $2.8B |
| Stockholders' EquityBook value | $4.8B | $1.8B |
| Total Assets | $14.1B | $7.3B |
| Debt / EquityLower = less leverage | 0.66× | 1.55× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $167.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $175.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.2B | $2.8B | ||
| Q3 25 | $3.0B | $3.0B | ||
| Q2 25 | $3.0B | $3.0B | ||
| Q1 25 | $3.0B | $3.0B | ||
| Q4 24 | $3.0B | $2.7B | ||
| Q3 24 | $3.0B | $2.8B | ||
| Q2 24 | $3.0B | $2.8B | ||
| Q1 24 | $3.0B | $2.7B |
| Q4 25 | $4.8B | $1.8B | ||
| Q3 25 | $4.8B | $2.0B | ||
| Q2 25 | $5.0B | $2.0B | ||
| Q1 25 | $4.8B | $2.0B | ||
| Q4 24 | $5.0B | $2.0B | ||
| Q3 24 | $5.2B | $2.1B | ||
| Q2 24 | $5.5B | $2.1B | ||
| Q1 24 | $5.4B | $2.2B |
| Q4 25 | $14.1B | $7.3B | ||
| Q3 25 | $14.2B | $7.6B | ||
| Q2 25 | $13.8B | $7.7B | ||
| Q1 25 | $13.3B | $7.7B | ||
| Q4 24 | $13.5B | $7.6B | ||
| Q3 24 | $13.8B | $7.5B | ||
| Q2 24 | $13.8B | $7.7B | ||
| Q1 24 | $13.9B | $7.6B |
| Q4 25 | 0.66× | 1.55× | ||
| Q3 25 | 0.61× | 1.52× | ||
| Q2 25 | 0.60× | 1.52× | ||
| Q1 25 | 0.62× | 1.50× | ||
| Q4 24 | 0.60× | 1.34× | ||
| Q3 24 | 0.57× | 1.34× | ||
| Q2 24 | 0.54× | 1.31× | ||
| Q1 24 | 0.55× | 1.24× |
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 | $321.2M |
| 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.
| Q4 25 | $539.0M | $321.2M | ||
| Q3 25 | $1.1B | $26.7M | ||
| Q2 25 | $563.0M | $212.3M | ||
| Q1 25 | $586.0M | $-86.0M | ||
| Q4 24 | $420.0M | $141.7M | ||
| Q3 24 | $931.0M | $189.9M | ||
| Q2 24 | $475.0M | $90.6M | ||
| Q1 24 | $445.0M | $81.0M |
| Q4 25 | $313.0M | — | ||
| Q3 25 | $717.0M | $-44.4M | ||
| Q2 25 | $318.0M | — | ||
| Q1 25 | $454.0M | $-147.4M | ||
| Q4 24 | $223.0M | $90.7M | ||
| Q3 24 | $792.0M | $146.6M | ||
| Q2 24 | $391.0M | $34.1M | ||
| Q1 24 | $347.0M | $36.7M |
| Q4 25 | 16.7% | — | ||
| Q3 25 | 43.2% | -2.6% | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | 27.3% | -9.0% | ||
| Q4 24 | 14.6% | 5.4% | ||
| Q3 24 | 57.8% | 9.2% | ||
| Q2 24 | 24.9% | 2.1% | ||
| Q1 24 | 23.6% | 2.2% |
| Q4 25 | 12.1% | — | ||
| Q3 25 | 20.9% | 4.2% | ||
| Q2 25 | 13.0% | — | ||
| Q1 25 | 7.9% | 3.7% | ||
| Q4 24 | 12.9% | 3.1% | ||
| Q3 24 | 10.1% | 2.7% | ||
| Q2 24 | 5.3% | 3.4% | ||
| Q1 24 | 6.7% | 2.7% |
| Q4 25 | 1.09× | — | ||
| Q3 25 | 2.31× | 0.61× | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | -71.67× | ||
| Q4 24 | 1.07× | 14.03× | ||
| Q3 24 | 2.73× | — | ||
| Q2 24 | 0.94× | 1.25× | ||
| Q1 24 | 1.87× | 1.69× |
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% |
OLN
| Chlorinechlorinederivativesandothercoproducts | $456.2M | 27% |
| Causticsoda | $400.2M | 24% |
| Militaryandlawenforcement | $304.6M | 18% |
| Epoxyresins | $194.9M | 12% |
| Aromaticsandallylics | $164.4M | 10% |
| Commercial | $144.8M | 9% |
