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Side-by-side financial comparison of CF Industries (CF) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $1.9B, roughly 1.3× CF Industries). CF Industries runs the higher net margin — 26.4% vs 22.4%, a 4.0% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs 14.0%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $313.0M). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% 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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
CF vs TPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.5B |
| Net Profit | $495.0M | $561.3M |
| Gross Margin | 40.9% | 75.5% |
| Operating Margin | 33.0% | 28.6% |
| Net Margin | 26.4% | 22.4% |
| Revenue YoY | 22.8% | 14.0% |
| Net Profit YoY | 26.3% | 80.8% |
| EPS (diluted) | $2.56 | $2.68 |
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 | $2.5B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.5B | $2.2B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.5B | $1.5B |
| Q4 25 | $495.0M | $561.3M | ||
| Q3 25 | $460.0M | $274.8M | ||
| Q2 25 | $492.0M | $-517.1M | ||
| Q1 25 | $351.0M | $203.3M | ||
| Q4 24 | $392.0M | $310.4M | ||
| Q3 24 | $341.0M | $186.6M | ||
| Q2 24 | $506.0M | $159.3M | ||
| Q1 24 | $238.0M | $139.4M |
| Q4 25 | 40.9% | 75.5% | ||
| Q3 25 | 38.1% | 76.3% | ||
| Q2 25 | 39.9% | 76.3% | ||
| Q1 25 | 34.4% | 76.1% | ||
| Q4 24 | 34.4% | 74.4% | ||
| Q3 24 | 32.4% | 75.3% | ||
| Q2 24 | 43.2% | 74.9% | ||
| Q1 24 | 27.8% | 74.7% |
| Q4 25 | 33.0% | 28.6% | ||
| Q3 25 | 35.0% | 19.3% | ||
| Q2 25 | 34.3% | -33.9% | ||
| Q1 25 | 27.4% | 16.0% | ||
| Q4 24 | 28.9% | 22.4% | ||
| Q3 24 | 26.6% | 16.7% | ||
| Q2 24 | 40.6% | 14.8% | ||
| Q1 24 | 20.6% | 13.8% |
| Q4 25 | 26.4% | 22.4% | ||
| Q3 25 | 27.7% | 16.1% | ||
| Q2 25 | 26.0% | -30.0% | ||
| Q1 25 | 21.1% | 12.8% | ||
| Q4 24 | 25.7% | 14.1% | ||
| Q3 24 | 24.9% | 12.4% | ||
| Q2 24 | 32.2% | 10.0% | ||
| Q1 24 | 16.2% | 9.4% |
| Q4 25 | $2.56 | $2.68 | ||
| Q3 25 | $2.19 | $1.28 | ||
| Q2 25 | $2.37 | $-2.30 | ||
| Q1 25 | $1.85 | $0.95 | ||
| Q4 24 | $1.86 | $1.38 | ||
| Q3 24 | $1.55 | $0.79 | ||
| Q2 24 | $2.30 | $0.67 | ||
| Q1 24 | $1.03 | $0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.1B |
| Total DebtLower is stronger | $3.2B | $2.4B |
| Stockholders' EquityBook value | $4.8B | $551.2M |
| Total Assets | $14.1B | $6.5B |
| Debt / EquityLower = less leverage | 0.66× | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $743.2M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $7.3B | ||
| Q2 24 | — | $7.2B | ||
| Q1 24 | — | $7.4B |
| Q4 25 | $3.2B | $2.4B | ||
| Q3 25 | $3.0B | $2.4B | ||
| Q2 25 | $3.0B | $2.4B | ||
| Q1 25 | $3.0B | $2.4B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $3.0B | $7.0B | ||
| Q2 24 | $3.0B | $6.9B | ||
| Q1 24 | $3.0B | $7.7B |
| Q4 25 | $4.8B | $551.2M | ||
| Q3 25 | $4.8B | $399.5M | ||
| Q2 25 | $5.0B | $857.8M | ||
| Q1 25 | $4.8B | $1.5B | ||
| Q4 24 | $5.0B | $1.3B | ||
| Q3 24 | $5.2B | $3.0B | ||
| Q2 24 | $5.5B | $2.9B | ||
| Q1 24 | $5.4B | $2.8B |
| Q4 25 | $14.1B | $6.5B | ||
| Q3 25 | $14.2B | $6.4B | ||
| Q2 25 | $13.8B | $6.6B | ||
| Q1 25 | $13.3B | $7.3B | ||
| Q4 24 | $13.5B | $7.3B | ||
| Q3 24 | $13.8B | $13.7B | ||
| Q2 24 | $13.8B | $13.4B | ||
| Q1 24 | $13.9B | $13.7B |
| Q4 25 | 0.66× | 4.32× | ||
| Q3 25 | 0.61× | 5.95× | ||
| Q2 25 | 0.60× | 2.77× | ||
| Q1 25 | 0.62× | 1.59× | ||
| Q4 24 | 0.60× | 1.78× | ||
| Q3 24 | 0.57× | 2.35× | ||
| Q2 24 | 0.54× | 2.39× | ||
| Q1 24 | 0.55× | 2.77× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $313.0M | $1.0B |
| FCF MarginFCF / Revenue | 16.7% | 41.5% |
| Capex IntensityCapex / Revenue | 12.1% | 1.7% |
| Cash ConversionOCF / Net Profit | 1.09× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $1.1B | ||
| Q3 25 | $1.1B | $112.6M | ||
| Q2 25 | $563.0M | $446.8M | ||
| Q1 25 | $586.0M | $144.3M | ||
| Q4 24 | $420.0M | $506.0M | ||
| Q3 24 | $931.0M | $119.5M | ||
| Q2 24 | $475.0M | $256.0M | ||
| Q1 24 | $445.0M | $97.8M |
| Q4 25 | $313.0M | $1.0B | ||
| Q3 25 | $717.0M | $80.2M | ||
| Q2 25 | $318.0M | $411.5M | ||
| Q1 25 | $454.0M | $113.4M | ||
| Q4 24 | $223.0M | $475.1M | ||
| Q3 24 | $792.0M | $93.9M | ||
| Q2 24 | $391.0M | $209.8M | ||
| Q1 24 | $347.0M | $78.8M |
| Q4 25 | 16.7% | 41.5% | ||
| Q3 25 | 43.2% | 4.7% | ||
| Q2 25 | 16.8% | 23.9% | ||
| Q1 25 | 27.3% | 7.2% | ||
| Q4 24 | 14.6% | 21.6% | ||
| Q3 24 | 57.8% | 6.2% | ||
| Q2 24 | 24.9% | 13.2% | ||
| Q1 24 | 23.6% | 5.3% |
| Q4 25 | 12.1% | 1.7% | ||
| Q3 25 | 20.9% | 1.9% | ||
| Q2 25 | 13.0% | 2.0% | ||
| Q1 25 | 7.9% | 2.0% | ||
| Q4 24 | 12.9% | 1.4% | ||
| Q3 24 | 10.1% | 1.7% | ||
| Q2 24 | 5.3% | 2.9% | ||
| Q1 24 | 6.7% | 1.3% |
| Q4 25 | 1.09× | 1.93× | ||
| Q3 25 | 2.31× | 0.41× | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | 0.71× | ||
| Q4 24 | 1.07× | 1.63× | ||
| Q3 24 | 2.73× | 0.64× | ||
| Q2 24 | 0.94× | 1.61× | ||
| Q1 24 | 1.87× | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
