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Side-by-side financial comparison of CF Industries (CF) and SS&C Technologies Holdings Inc (SSNC). Click either name above to swap in a different company.
CF Industries is the larger business by last-quarter revenue ($1.9B vs $1.6B, roughly 1.1× SS&C Technologies Holdings Inc). CF Industries runs the higher net margin — 26.4% vs 13.7%, a 12.7% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs 8.8%). Over the past eight quarters, CF Industries's revenue compounded faster (12.8% CAGR vs 6.5%).
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.
SS&C Technologies Holdings, Inc. is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.
CF vs SSNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.6B |
| Net Profit | $495.0M | $226.1M |
| Gross Margin | 40.9% | 48.7% |
| Operating Margin | 33.0% | 24.2% |
| Net Margin | 26.4% | 13.7% |
| Revenue YoY | 22.8% | 8.8% |
| Net Profit YoY | 26.3% | 6.2% |
| EPS (diluted) | $2.56 | $0.91 |
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 | — | $1.6B | ||
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.9B | $1.5B | ||
| 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 26 | — | $226.1M | ||
| Q4 25 | $495.0M | $193.1M | ||
| Q3 25 | $460.0M | $210.0M | ||
| Q2 25 | $492.0M | $180.8M | ||
| Q1 25 | $351.0M | $213.0M | ||
| Q4 24 | $392.0M | $248.2M | ||
| Q3 24 | $341.0M | $164.4M | ||
| Q2 24 | $506.0M | $190.3M |
| Q1 26 | — | 48.7% | ||
| Q4 25 | 40.9% | 47.8% | ||
| Q3 25 | 38.1% | 47.7% | ||
| Q2 25 | 39.9% | 48.0% | ||
| Q1 25 | 34.4% | 49.3% | ||
| Q4 24 | 34.4% | 49.3% | ||
| Q3 24 | 32.4% | 48.0% | ||
| Q2 24 | 43.2% | 48.1% |
| Q1 26 | — | 24.2% | ||
| Q4 25 | 33.0% | 22.3% | ||
| Q3 25 | 35.0% | 23.3% | ||
| Q2 25 | 34.3% | 22.4% | ||
| Q1 25 | 27.4% | 23.6% | ||
| Q4 24 | 28.9% | 23.4% | ||
| Q3 24 | 26.6% | 22.2% | ||
| Q2 24 | 40.6% | 22.6% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 26.4% | 11.7% | ||
| Q3 25 | 27.7% | 13.4% | ||
| Q2 25 | 26.0% | 11.8% | ||
| Q1 25 | 21.1% | 14.1% | ||
| Q4 24 | 25.7% | 16.2% | ||
| Q3 24 | 24.9% | 11.2% | ||
| Q2 24 | 32.2% | 13.1% |
| Q1 26 | — | $0.91 | ||
| Q4 25 | $2.56 | $0.76 | ||
| Q3 25 | $2.19 | $0.83 | ||
| Q2 25 | $2.37 | $0.72 | ||
| Q1 25 | $1.85 | $0.84 | ||
| Q4 24 | $1.86 | $0.98 | ||
| Q3 24 | $1.55 | $0.65 | ||
| Q2 24 | $2.30 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $420.9M |
| Total DebtLower is stronger | $3.2B | $7.4B |
| Stockholders' EquityBook value | $4.8B | $6.9B |
| Total Assets | $14.1B | $20.3B |
| Debt / EquityLower = less leverage | 0.66× | 1.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $420.9M | ||
| Q4 25 | — | $462.1M | ||
| Q3 25 | — | $388.3M | ||
| Q2 25 | — | $480.3M | ||
| Q1 25 | — | $515.0M | ||
| Q4 24 | — | $567.1M | ||
| Q3 24 | — | $694.7M | ||
| Q2 24 | — | $462.7M |
| Q1 26 | — | $7.4B | ||
| 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 26 | — | $6.9B | ||
| Q4 25 | $4.8B | $6.9B | ||
| Q3 25 | $4.8B | $6.9B | ||
| Q2 25 | $5.0B | $6.9B | ||
| Q1 25 | $4.8B | $6.8B | ||
| Q4 24 | $5.0B | $6.5B | ||
| Q3 24 | $5.2B | $6.8B | ||
| Q2 24 | $5.5B | $6.4B |
| Q1 26 | — | $20.3B | ||
| Q4 25 | $14.1B | $20.7B | ||
| Q3 25 | $14.2B | $19.5B | ||
| Q2 25 | $13.8B | $19.0B | ||
| Q1 25 | $13.3B | $20.4B | ||
| Q4 24 | $13.5B | $19.0B | ||
| Q3 24 | $13.8B | $18.4B | ||
| Q2 24 | $13.8B | $16.9B |
| Q1 26 | — | 1.08× | ||
| 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× | — |
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 | $299.7M |
| Free Cash FlowOCF − Capex | $313.0M | — |
| FCF MarginFCF / Revenue | 16.7% | — |
| Capex IntensityCapex / Revenue | 12.1% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.09× | 1.33× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $299.7M | ||
| Q4 25 | $539.0M | $643.5M | ||
| Q3 25 | $1.1B | $456.2M | ||
| Q2 25 | $563.0M | $372.9M | ||
| Q1 25 | $586.0M | $272.2M | ||
| Q4 24 | $420.0M | $486.6M | ||
| Q3 24 | $931.0M | $336.6M | ||
| Q2 24 | $475.0M | $384.9M |
| Q1 26 | — | — | ||
| Q4 25 | $313.0M | $633.0M | ||
| Q3 25 | $717.0M | $421.5M | ||
| Q2 25 | $318.0M | $350.0M | ||
| Q1 25 | $454.0M | $259.5M | ||
| Q4 24 | $223.0M | $466.9M | ||
| Q3 24 | $792.0M | $310.7M | ||
| Q2 24 | $391.0M | $374.9M |
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | 38.3% | ||
| Q3 25 | 43.2% | 26.9% | ||
| Q2 25 | 16.8% | 22.8% | ||
| Q1 25 | 27.3% | 17.1% | ||
| Q4 24 | 14.6% | 30.5% | ||
| Q3 24 | 57.8% | 21.2% | ||
| Q2 24 | 24.9% | 25.8% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 12.1% | 0.6% | ||
| Q3 25 | 20.9% | 2.2% | ||
| Q2 25 | 13.0% | 1.5% | ||
| Q1 25 | 7.9% | 0.8% | ||
| Q4 24 | 12.9% | 1.3% | ||
| Q3 24 | 10.1% | 1.8% | ||
| Q2 24 | 5.3% | 0.7% |
| Q1 26 | — | 1.33× | ||
| Q4 25 | 1.09× | 3.33× | ||
| Q3 25 | 2.31× | 2.17× | ||
| Q2 25 | 1.14× | 2.06× | ||
| Q1 25 | 1.67× | 1.28× | ||
| Q4 24 | 1.07× | 1.96× | ||
| Q3 24 | 2.73× | 2.05× | ||
| Q2 24 | 0.94× | 2.02× |
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% |
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
