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Side-by-side financial comparison of CF Industries (CF) and Synopsys (SNPS). Click either name above to swap in a different company.
Synopsys is the larger business by last-quarter revenue ($2.3B vs $1.9B, roughly 1.2× CF Industries). CF Industries runs the higher net margin — 26.4% vs 19.9%, a 6.5% gap on every dollar of revenue. On growth, Synopsys posted the faster year-over-year revenue change (50.6% vs 22.8%). Synopsys produced more free cash flow last quarter ($605.2M vs $313.0M). Over the past eight quarters, Synopsys's revenue compounded faster (16.9% 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.
Synopsys, Inc. is an American multinational electronic design automation (EDA) company headquartered in Sunnyvale, California, that focuses on design and verification of silicon chips, electronic system-level design and verification, and reusable components. Synopsys supplies tools and services to the semiconductor design and manufacturing industry.
CF vs SNPS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.3B |
| Net Profit | $495.0M | $448.7M |
| Gross Margin | 40.9% | 71.0% |
| Operating Margin | 33.0% | 5.4% |
| Net Margin | 26.4% | 19.9% |
| Revenue YoY | 22.8% | 50.6% |
| Net Profit YoY | 26.3% | -59.7% |
| EPS (diluted) | $2.56 | $2.44 |
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 | $2.3B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $1.5B | $1.5B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.5B | $1.6B |
| Q4 25 | $495.0M | $448.7M | ||
| Q3 25 | $460.0M | $242.5M | ||
| Q2 25 | $492.0M | $345.3M | ||
| Q1 25 | $351.0M | $295.7M | ||
| Q4 24 | $392.0M | $1.1B | ||
| Q3 24 | $341.0M | $408.1M | ||
| Q2 24 | $506.0M | $292.1M | ||
| Q1 24 | $238.0M | $449.1M |
| Q4 25 | 40.9% | 71.0% | ||
| Q3 25 | 38.1% | 78.1% | ||
| Q2 25 | 39.9% | 80.2% | ||
| Q1 25 | 34.4% | 81.4% | ||
| Q4 24 | 34.4% | 78.3% | ||
| Q3 24 | 32.4% | 80.9% | ||
| Q2 24 | 43.2% | 79.4% | ||
| Q1 24 | 27.8% | 80.0% |
| Q4 25 | 33.0% | 5.4% | ||
| Q3 25 | 35.0% | 9.5% | ||
| Q2 25 | 34.3% | 23.5% | ||
| Q1 25 | 27.4% | 17.3% | ||
| Q4 24 | 28.9% | 20.3% | ||
| Q3 24 | 26.6% | 23.6% | ||
| Q2 24 | 40.6% | 22.8% | ||
| Q1 24 | 20.6% | 21.8% |
| Q4 25 | 26.4% | 19.9% | ||
| Q3 25 | 27.7% | 13.9% | ||
| Q2 25 | 26.0% | 21.5% | ||
| Q1 25 | 21.1% | 20.3% | ||
| Q4 24 | 25.7% | 74.4% | ||
| Q3 24 | 24.9% | 26.7% | ||
| Q2 24 | 32.2% | 20.1% | ||
| Q1 24 | 16.2% | 27.2% |
| Q4 25 | $2.56 | $2.44 | ||
| Q3 25 | $2.19 | $1.50 | ||
| Q2 25 | $2.37 | $2.21 | ||
| Q1 25 | $1.85 | $1.89 | ||
| Q4 24 | $1.86 | $7.13 | ||
| Q3 24 | $1.55 | $2.61 | ||
| Q2 24 | $2.30 | $1.88 | ||
| Q1 24 | $1.03 | $2.89 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.0B |
| Total DebtLower is stronger | $3.2B | $13.5B |
| Stockholders' EquityBook value | $4.8B | $28.3B |
| Total Assets | $14.1B | $48.2B |
| Debt / EquityLower = less leverage | 0.66× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.0B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $14.3B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $3.2B | $13.5B | ||
| Q3 25 | $3.0B | $14.3B | ||
| Q2 25 | $3.0B | $10.1B | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
| Q4 25 | $4.8B | $28.3B | ||
| Q3 25 | $4.8B | $27.6B | ||
| Q2 25 | $5.0B | $9.9B | ||
| Q1 25 | $4.8B | $9.3B | ||
| Q4 24 | $5.0B | $9.0B | ||
| Q3 24 | $5.2B | $7.7B | ||
| Q2 24 | $5.5B | $7.2B | ||
| Q1 24 | $5.4B | $6.7B |
| Q4 25 | $14.1B | $48.2B | ||
| Q3 25 | $14.2B | $48.2B | ||
| Q2 25 | $13.8B | $23.8B | ||
| Q1 25 | $13.3B | $13.0B | ||
| Q4 24 | $13.5B | $13.1B | ||
| Q3 24 | $13.8B | $11.6B | ||
| Q2 24 | $13.8B | $11.0B | ||
| Q1 24 | $13.9B | $10.6B |
| Q4 25 | 0.66× | 0.48× | ||
| Q3 25 | 0.61× | 0.52× | ||
| Q2 25 | 0.60× | 1.01× | ||
| 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 | $639.7M |
| Free Cash FlowOCF − Capex | $313.0M | $605.2M |
| FCF MarginFCF / Revenue | 16.7% | 26.8% |
| Capex IntensityCapex / Revenue | 12.1% | 1.5% |
| Cash ConversionOCF / Net Profit | 1.09× | 1.43× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $639.7M | ||
| Q3 25 | $1.1B | $671.0M | ||
| Q2 25 | $563.0M | $275.4M | ||
| Q1 25 | $586.0M | $-67.5M | ||
| Q4 24 | $420.0M | $562.8M | ||
| Q3 24 | $931.0M | $455.4M | ||
| Q2 24 | $475.0M | $476.6M | ||
| Q1 24 | $445.0M | $-87.8M |
| Q4 25 | $313.0M | $605.2M | ||
| Q3 25 | $717.0M | $632.4M | ||
| Q2 25 | $318.0M | $219.8M | ||
| Q1 25 | $454.0M | $-108.2M | ||
| Q4 24 | $223.0M | $558.4M | ||
| Q3 24 | $792.0M | $415.4M | ||
| Q2 24 | $391.0M | $438.2M | ||
| Q1 24 | $347.0M | $-128.2M |
| Q4 25 | 16.7% | 26.8% | ||
| Q3 25 | 43.2% | 36.3% | ||
| Q2 25 | 16.8% | 13.7% | ||
| Q1 25 | 27.3% | -7.4% | ||
| Q4 24 | 14.6% | 37.3% | ||
| Q3 24 | 57.8% | 27.2% | ||
| Q2 24 | 24.9% | 30.1% | ||
| Q1 24 | 23.6% | -7.8% |
| Q4 25 | 12.1% | 1.5% | ||
| Q3 25 | 20.9% | 2.2% | ||
| Q2 25 | 13.0% | 3.5% | ||
| Q1 25 | 7.9% | 2.8% | ||
| Q4 24 | 12.9% | 0.3% | ||
| Q3 24 | 10.1% | 2.6% | ||
| Q2 24 | 5.3% | 2.6% | ||
| Q1 24 | 6.7% | 2.4% |
| Q4 25 | 1.09× | 1.43× | ||
| Q3 25 | 2.31× | 2.77× | ||
| Q2 25 | 1.14× | 0.80× | ||
| Q1 25 | 1.67× | -0.23× | ||
| Q4 24 | 1.07× | 0.51× | ||
| Q3 24 | 2.73× | 1.12× | ||
| Q2 24 | 0.94× | 1.63× | ||
| Q1 24 | 1.87× | -0.20× |
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% |
SNPS
| License And Maintenance | $940.7M | 42% |
| Other | $640.0M | 28% |
| Design IP Segment | $407.1M | 18% |
| KR | $236.9M | 11% |
| Sales Based Royalties | $30.1M | 1% |
