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Side-by-side financial comparison of CF Industries (CF) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $1.9B, roughly 1.7× CF Industries). CF Industries runs the higher net margin — 26.4% vs 7.6%, a 18.8% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs -3.6%). Molson Coors Beverage Company produced more free cash flow last quarter ($357.8M vs $313.0M). Over the past eight quarters, CF Industries's revenue compounded faster (12.8% CAGR vs 1.2%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
CF vs TAP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $3.1B |
| Net Profit | $495.0M | $238.3M |
| Gross Margin | 40.9% | 31.0% |
| Operating Margin | 33.0% | 10.4% |
| Net Margin | 26.4% | 7.6% |
| Revenue YoY | 22.8% | -3.6% |
| Net Profit YoY | 26.3% | -17.2% |
| EPS (diluted) | $2.56 | $1.32 |
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 | $3.1B | ||
| Q3 25 | $1.7B | $3.5B | ||
| Q2 25 | $1.9B | $3.7B | ||
| Q1 25 | $1.7B | $2.7B | ||
| Q4 24 | $1.5B | $3.2B | ||
| Q3 24 | $1.4B | $3.6B | ||
| Q2 24 | $1.6B | $3.8B | ||
| Q1 24 | $1.5B | $3.0B |
| Q4 25 | $495.0M | $238.3M | ||
| Q3 25 | $460.0M | $-2.9B | ||
| Q2 25 | $492.0M | $428.7M | ||
| Q1 25 | $351.0M | $121.0M | ||
| Q4 24 | $392.0M | $287.8M | ||
| Q3 24 | $341.0M | $199.8M | ||
| Q2 24 | $506.0M | $427.0M | ||
| Q1 24 | $238.0M | $207.8M |
| Q4 25 | 40.9% | 31.0% | ||
| Q3 25 | 38.1% | 33.7% | ||
| Q2 25 | 39.9% | 34.3% | ||
| Q1 25 | 34.4% | 31.6% | ||
| Q4 24 | 34.4% | 32.0% | ||
| Q3 24 | 32.4% | 33.4% | ||
| Q2 24 | 43.2% | 34.6% | ||
| Q1 24 | 27.8% | 31.6% |
| Q4 25 | 33.0% | 10.4% | ||
| Q3 25 | 35.0% | -98.5% | ||
| Q2 25 | 34.3% | 15.6% | ||
| Q1 25 | 27.4% | 6.9% | ||
| Q4 24 | 28.9% | 12.0% | ||
| Q3 24 | 26.6% | 12.5% | ||
| Q2 24 | 40.6% | 15.6% | ||
| Q1 24 | 20.6% | 10.3% |
| Q4 25 | 26.4% | 7.6% | ||
| Q3 25 | 27.7% | -84.0% | ||
| Q2 25 | 26.0% | 11.5% | ||
| Q1 25 | 21.1% | 4.5% | ||
| Q4 24 | 25.7% | 8.9% | ||
| Q3 24 | 24.9% | 5.5% | ||
| Q2 24 | 32.2% | 11.1% | ||
| Q1 24 | 16.2% | 6.8% |
| Q4 25 | $2.56 | $1.32 | ||
| Q3 25 | $2.19 | $-14.79 | ||
| Q2 25 | $2.37 | $2.13 | ||
| Q1 25 | $1.85 | $0.59 | ||
| Q4 24 | $1.86 | $1.39 | ||
| Q3 24 | $1.55 | $0.96 | ||
| Q2 24 | $2.30 | $2.03 | ||
| Q1 24 | $1.03 | $0.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $896.5M |
| Total DebtLower is stronger | $3.2B | $6.3B |
| Stockholders' EquityBook value | $4.8B | $10.2B |
| Total Assets | $14.1B | $22.7B |
| Debt / EquityLower = less leverage | 0.66× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $896.5M | ||
| Q3 25 | — | $950.2M | ||
| Q2 25 | — | $613.8M | ||
| Q1 25 | — | $412.7M | ||
| Q4 24 | — | $969.3M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $458.4M |
| Q4 25 | $3.2B | $6.3B | ||
| Q3 25 | $3.0B | $6.3B | ||
| Q2 25 | $3.0B | $6.3B | ||
| Q1 25 | $3.0B | $6.2B | ||
| Q4 24 | $3.0B | $6.1B | ||
| Q3 24 | $3.0B | $6.2B | ||
| Q2 24 | $3.0B | $7.0B | ||
| Q1 24 | $3.0B | $6.2B |
| Q4 25 | $4.8B | $10.2B | ||
| Q3 25 | $4.8B | $10.3B | ||
| Q2 25 | $5.0B | $13.4B | ||
| Q1 25 | $4.8B | $13.1B | ||
| Q4 24 | $5.0B | $13.1B | ||
| Q3 24 | $5.2B | $13.3B | ||
| Q2 24 | $5.5B | $13.2B | ||
| Q1 24 | $5.4B | $13.1B |
| Q4 25 | $14.1B | $22.7B | ||
| Q3 25 | $14.2B | $22.9B | ||
| Q2 25 | $13.8B | $26.8B | ||
| Q1 25 | $13.3B | $25.9B | ||
| Q4 24 | $13.5B | $26.1B | ||
| Q3 24 | $13.8B | $26.6B | ||
| Q2 24 | $13.8B | $27.4B | ||
| Q1 24 | $13.9B | $26.1B |
| Q4 25 | 0.66× | 0.61× | ||
| Q3 25 | 0.61× | 0.61× | ||
| Q2 25 | 0.60× | 0.47× | ||
| Q1 25 | 0.62× | 0.47× | ||
| Q4 24 | 0.60× | 0.47× | ||
| Q3 24 | 0.57× | 0.47× | ||
| Q2 24 | 0.54× | 0.53× | ||
| Q1 24 | 0.55× | 0.47× |
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 | $540.7M |
| Free Cash FlowOCF − Capex | $313.0M | $357.8M |
| FCF MarginFCF / Revenue | 16.7% | 11.4% |
| Capex IntensityCapex / Revenue | 12.1% | 5.9% |
| Cash ConversionOCF / Net Profit | 1.09× | 2.27× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $540.7M | ||
| Q3 25 | $1.1B | $616.1M | ||
| Q2 25 | $563.0M | $718.3M | ||
| Q1 25 | $586.0M | $-90.7M | ||
| Q4 24 | $420.0M | $494.5M | ||
| Q3 24 | $931.0M | $521.2M | ||
| Q2 24 | $475.0M | $869.2M | ||
| Q1 24 | $445.0M | $25.4M |
| Q4 25 | $313.0M | $357.8M | ||
| Q3 25 | $717.0M | $483.0M | ||
| Q2 25 | $318.0M | $555.0M | ||
| Q1 25 | $454.0M | $-328.0M | ||
| Q4 24 | $223.0M | $383.4M | ||
| Q3 24 | $792.0M | $350.4M | ||
| Q2 24 | $391.0M | $691.7M | ||
| Q1 24 | $347.0M | $-189.3M |
| Q4 25 | 16.7% | 11.4% | ||
| Q3 25 | 43.2% | 13.9% | ||
| Q2 25 | 16.8% | 14.8% | ||
| Q1 25 | 27.3% | -12.2% | ||
| Q4 24 | 14.6% | 11.8% | ||
| Q3 24 | 57.8% | 9.7% | ||
| Q2 24 | 24.9% | 18.0% | ||
| Q1 24 | 23.6% | -6.2% |
| Q4 25 | 12.1% | 5.9% | ||
| Q3 25 | 20.9% | 3.8% | ||
| Q2 25 | 13.0% | 4.4% | ||
| Q1 25 | 7.9% | 8.8% | ||
| Q4 24 | 12.9% | 3.4% | ||
| Q3 24 | 10.1% | 4.7% | ||
| Q2 24 | 5.3% | 4.6% | ||
| Q1 24 | 6.7% | 7.0% |
| Q4 25 | 1.09× | 2.27× | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 1.14× | 1.68× | ||
| Q1 25 | 1.67× | -0.75× | ||
| Q4 24 | 1.07× | 1.72× | ||
| Q3 24 | 2.73× | 2.61× | ||
| Q2 24 | 0.94× | 2.04× | ||
| Q1 24 | 1.87× | 0.12× |
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% |
TAP
Segment breakdown not available.
