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Side-by-side financial comparison of CF Industries (CF) and RESIDEO TECHNOLOGIES, INC. (REZI). Click either name above to swap in a different company.
RESIDEO TECHNOLOGIES, 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 7.2%, a 19.3% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs 2.0%). CF Industries produced more free cash flow last quarter ($313.0M vs $262.0M). Over the past eight quarters, RESIDEO TECHNOLOGIES, INC.'s revenue compounded faster (12.9% CAGR vs 12.8%).
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.
Resideo Technologies, Inc. is an American multinational company that was formed in 2018 out of a spin-off from Honeywell. It provides room air temperature, quality, and humidity control and security systems primarily in residential dwellings in the U.S. and internationally. The company operates in two segments: products and distribution. It manufactures and distributes smart-home and software products, including temperature and lighting control, security, and water and air monitoring. The com...
CF vs REZI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.9B |
| Net Profit | $495.0M | $136.0M |
| Gross Margin | 40.9% | 29.6% |
| Operating Margin | 33.0% | 7.4% |
| Net Margin | 26.4% | 7.2% |
| Revenue YoY | 22.8% | 2.0% |
| Net Profit YoY | 26.3% | 491.3% |
| EPS (diluted) | $2.56 | $0.99 |
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 | $1.9B | ||
| Q2 25 | $1.9B | $1.9B | ||
| Q1 25 | $1.7B | $1.8B | ||
| Q4 24 | $1.5B | $1.9B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.5B | $1.5B |
| Q4 25 | $495.0M | $136.0M | ||
| Q3 25 | $460.0M | $156.0M | ||
| Q2 25 | $492.0M | $-825.0M | ||
| Q1 25 | $351.0M | $6.0M | ||
| Q4 24 | $392.0M | $23.0M | ||
| Q3 24 | $341.0M | $20.0M | ||
| Q2 24 | $506.0M | $30.0M | ||
| Q1 24 | $238.0M | $43.0M |
| Q4 25 | 40.9% | 29.6% | ||
| Q3 25 | 38.1% | 29.8% | ||
| Q2 25 | 39.9% | 29.3% | ||
| Q1 25 | 34.4% | 28.9% | ||
| Q4 24 | 34.4% | 28.5% | ||
| Q3 24 | 32.4% | 28.7% | ||
| Q2 24 | 43.2% | 28.1% | ||
| Q1 24 | 27.8% | 26.9% |
| Q4 25 | 33.0% | 7.4% | ||
| Q3 25 | 35.0% | 8.3% | ||
| Q2 25 | 34.3% | 9.1% | ||
| Q1 25 | 27.4% | 7.7% | ||
| Q4 24 | 28.9% | 7.8% | ||
| Q3 24 | 26.6% | 6.9% | ||
| Q2 24 | 40.6% | 7.7% | ||
| Q1 24 | 20.6% | 8.6% |
| Q4 25 | 26.4% | 7.2% | ||
| Q3 25 | 27.7% | 8.4% | ||
| Q2 25 | 26.0% | -42.5% | ||
| Q1 25 | 21.1% | 0.3% | ||
| Q4 24 | 25.7% | 1.2% | ||
| Q3 24 | 24.9% | 1.1% | ||
| Q2 24 | 32.2% | 1.9% | ||
| Q1 24 | 16.2% | 2.9% |
| Q4 25 | $2.56 | $0.99 | ||
| Q3 25 | $2.19 | $0.85 | ||
| Q2 25 | $2.37 | $-5.59 | ||
| Q1 25 | $1.85 | $-0.02 | ||
| Q4 24 | $1.86 | $0.06 | ||
| Q3 24 | $1.55 | $0.07 | ||
| Q2 24 | $2.30 | $0.19 | ||
| 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 | — | $661.0M |
| Total DebtLower is stronger | $3.2B | $3.2B |
| Stockholders' EquityBook value | $4.8B | $2.9B |
| Total Assets | $14.1B | $8.4B |
| Debt / EquityLower = less leverage | 0.66× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $661.0M | ||
| Q3 25 | — | $345.0M | ||
| Q2 25 | — | $753.0M | ||
| Q1 25 | — | $577.0M | ||
| Q4 24 | — | $692.0M | ||
| Q3 24 | — | $531.0M | ||
| Q2 24 | — | $413.0M | ||
| Q1 24 | — | $603.0M |
| Q4 25 | $3.2B | $3.2B | ||
| Q3 25 | $3.0B | $3.2B | ||
| Q2 25 | $3.0B | $2.0B | ||
| Q1 25 | $3.0B | $2.0B | ||
| Q4 24 | $3.0B | $2.0B | ||
| Q3 24 | $3.0B | $2.0B | ||
| Q2 24 | $3.0B | $2.0B | ||
| Q1 24 | $3.0B | $1.4B |
| Q4 25 | $4.8B | $2.9B | ||
| Q3 25 | $4.8B | $2.8B | ||
| Q2 25 | $5.0B | $2.6B | ||
| Q1 25 | $4.8B | $3.3B | ||
| Q4 24 | $5.0B | $3.3B | ||
| Q3 24 | $5.2B | $3.4B | ||
| Q2 24 | $5.5B | $3.3B | ||
| Q1 24 | $5.4B | $2.8B |
| Q4 25 | $14.1B | $8.4B | ||
| Q3 25 | $14.2B | $8.2B | ||
| Q2 25 | $13.8B | $8.5B | ||
| Q1 25 | $13.3B | $8.1B | ||
| Q4 24 | $13.5B | $8.2B | ||
| Q3 24 | $13.8B | $8.1B | ||
| Q2 24 | $13.8B | $8.0B | ||
| Q1 24 | $13.9B | $6.5B |
| Q4 25 | 0.66× | 1.11× | ||
| Q3 25 | 0.61× | 1.17× | ||
| Q2 25 | 0.60× | 0.77× | ||
| Q1 25 | 0.62× | 0.60× | ||
| Q4 24 | 0.60× | 0.61× | ||
| Q3 24 | 0.57× | 0.60× | ||
| Q2 24 | 0.54× | 0.61× | ||
| Q1 24 | 0.55× | 0.51× |
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 | $299.0M |
| Free Cash FlowOCF − Capex | $313.0M | $262.0M |
| FCF MarginFCF / Revenue | 16.7% | 13.8% |
| Capex IntensityCapex / Revenue | 12.1% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.09× | 2.20× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $-1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $299.0M | ||
| Q3 25 | $1.1B | $-1.6B | ||
| Q2 25 | $563.0M | $200.0M | ||
| Q1 25 | $586.0M | $-65.0M | ||
| Q4 24 | $420.0M | $203.0M | ||
| Q3 24 | $931.0M | $147.0M | ||
| Q2 24 | $475.0M | $92.0M | ||
| Q1 24 | $445.0M | $2.0M |
| Q4 25 | $313.0M | $262.0M | ||
| Q3 25 | $717.0M | $-1.6B | ||
| Q2 25 | $318.0M | $180.0M | ||
| Q1 25 | $454.0M | $-96.0M | ||
| Q4 24 | $223.0M | $181.0M | ||
| Q3 24 | $792.0M | $125.0M | ||
| Q2 24 | $391.0M | $77.0M | ||
| Q1 24 | $347.0M | $-19.0M |
| Q4 25 | 16.7% | 13.8% | ||
| Q3 25 | 43.2% | -85.8% | ||
| Q2 25 | 16.8% | 9.3% | ||
| Q1 25 | 27.3% | -5.4% | ||
| Q4 24 | 14.6% | 9.7% | ||
| Q3 24 | 57.8% | 6.8% | ||
| Q2 24 | 24.9% | 4.8% | ||
| Q1 24 | 23.6% | -1.3% |
| Q4 25 | 12.1% | 2.0% | ||
| Q3 25 | 20.9% | 1.5% | ||
| Q2 25 | 13.0% | 1.0% | ||
| Q1 25 | 7.9% | 1.8% | ||
| Q4 24 | 12.9% | 1.2% | ||
| Q3 24 | 10.1% | 1.2% | ||
| Q2 24 | 5.3% | 0.9% | ||
| Q1 24 | 6.7% | 1.4% |
| Q4 25 | 1.09× | 2.20× | ||
| Q3 25 | 2.31× | -10.07× | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | -10.83× | ||
| Q4 24 | 1.07× | 8.83× | ||
| Q3 24 | 2.73× | 7.35× | ||
| Q2 24 | 0.94× | 3.07× | ||
| Q1 24 | 1.87× | 0.05× |
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% |
REZI
| ADI Global Distribution Segment | $1.2B | 62% |
| Safety And Security | $257.0M | 14% |
| Air | $211.0M | 11% |
| Energy Service | $153.0M | 8% |
| Public Utilities Inventory Water | $91.0M | 5% |
