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Side-by-side financial comparison of CF Industries (CF) and V F CORP (VFC). Click either name above to swap in a different company.
V F CORP is the larger business by last-quarter revenue ($2.9B vs $1.9B, roughly 1.5× CF Industries). CF Industries runs the higher net margin — 26.4% vs 10.5%, a 16.0% gap on every dollar of revenue. On growth, CF Industries posted the faster year-over-year revenue change (22.8% vs 1.5%). V F CORP produced more free cash flow last quarter ($977.9M vs $313.0M). Over the past eight quarters, CF Industries's revenue compounded faster (12.8% CAGR vs 10.1%).
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.
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.
CF vs VFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.9B |
| Net Profit | $495.0M | $300.8M |
| Gross Margin | 40.9% | 56.6% |
| Operating Margin | 33.0% | 10.1% |
| Net Margin | 26.4% | 10.5% |
| Revenue YoY | 22.8% | 1.5% |
| Net Profit YoY | 26.3% | 79.3% |
| EPS (diluted) | $2.56 | $0.76 |
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 | $2.9B | ||
| Q3 25 | $1.7B | $2.8B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.7B | $2.0B | ||
| Q4 24 | $1.5B | $2.8B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.6B | $1.9B | ||
| Q1 24 | $1.5B | $2.4B |
| Q4 25 | $495.0M | $300.8M | ||
| Q3 25 | $460.0M | $189.8M | ||
| Q2 25 | $492.0M | $-116.4M | ||
| Q1 25 | $351.0M | $-150.8M | ||
| Q4 24 | $392.0M | $167.8M | ||
| Q3 24 | $341.0M | $52.2M | ||
| Q2 24 | $506.0M | $-258.9M | ||
| Q1 24 | $238.0M | $-418.3M |
| Q4 25 | 40.9% | 56.6% | ||
| Q3 25 | 38.1% | 52.2% | ||
| Q2 25 | 39.9% | 53.9% | ||
| Q1 25 | 34.4% | 52.7% | ||
| Q4 24 | 34.4% | 56.3% | ||
| Q3 24 | 32.4% | 52.2% | ||
| Q2 24 | 43.2% | 52.0% | ||
| Q1 24 | 27.8% | 48.4% |
| Q4 25 | 33.0% | 10.1% | ||
| Q3 25 | 35.0% | 11.2% | ||
| Q2 25 | 34.3% | -4.9% | ||
| Q1 25 | 27.4% | 2.2% | ||
| Q4 24 | 28.9% | 8.0% | ||
| Q3 24 | 26.6% | 9.9% | ||
| Q2 24 | 40.6% | -12.6% | ||
| Q1 24 | 20.6% | -15.0% |
| Q4 25 | 26.4% | 10.5% | ||
| Q3 25 | 27.7% | 6.8% | ||
| Q2 25 | 26.0% | -6.6% | ||
| Q1 25 | 21.1% | -7.5% | ||
| Q4 24 | 25.7% | 5.9% | ||
| Q3 24 | 24.9% | 1.9% | ||
| Q2 24 | 32.2% | -13.6% | ||
| Q1 24 | 16.2% | -17.6% |
| Q4 25 | $2.56 | $0.76 | ||
| Q3 25 | $2.19 | $0.48 | ||
| Q2 25 | $2.37 | $-0.30 | ||
| Q1 25 | $1.85 | $-0.37 | ||
| Q4 24 | $1.86 | $0.43 | ||
| Q3 24 | $1.55 | $0.13 | ||
| Q2 24 | $2.30 | $-0.67 | ||
| Q1 24 | $1.03 | $-1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.5B |
| Total DebtLower is stronger | $3.2B | $3.6B |
| Stockholders' EquityBook value | $4.8B | $1.8B |
| Total Assets | $14.1B | $10.4B |
| Debt / EquityLower = less leverage | 0.66× | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $419.1M | ||
| Q2 25 | — | $642.4M | ||
| Q1 25 | — | $429.4M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $492.2M | ||
| Q2 24 | — | $637.4M | ||
| Q1 24 | — | $674.6M |
| Q4 25 | $3.2B | $3.6B | ||
| Q3 25 | $3.0B | $3.5B | ||
| Q2 25 | $3.0B | $3.6B | ||
| Q1 25 | $3.0B | $3.4B | ||
| Q4 24 | $3.0B | $3.9B | ||
| Q3 24 | $3.0B | $4.0B | ||
| Q2 24 | $3.0B | $3.9B | ||
| Q1 24 | $3.0B | $4.7B |
| Q4 25 | $4.8B | $1.8B | ||
| Q3 25 | $4.8B | $1.5B | ||
| Q2 25 | $5.0B | $1.3B | ||
| Q1 25 | $4.8B | $1.5B | ||
| Q4 24 | $5.0B | $1.7B | ||
| Q3 24 | $5.2B | $1.4B | ||
| Q2 24 | $5.5B | $1.4B | ||
| Q1 24 | $5.4B | $1.7B |
| Q4 25 | $14.1B | $10.4B | ||
| Q3 25 | $14.2B | $10.6B | ||
| Q2 25 | $13.8B | $10.2B | ||
| Q1 25 | $13.3B | $9.4B | ||
| Q4 24 | $13.5B | $10.6B | ||
| Q3 24 | $13.8B | $12.2B | ||
| Q2 24 | $13.8B | $11.5B | ||
| Q1 24 | $13.9B | $11.6B |
| Q4 25 | 0.66× | 1.99× | ||
| Q3 25 | 0.61× | 2.40× | ||
| Q2 25 | 0.60× | 2.76× | ||
| Q1 25 | 0.62× | 2.30× | ||
| Q4 24 | 0.60× | 2.31× | ||
| Q3 24 | 0.57× | 2.86× | ||
| Q2 24 | 0.54× | 2.84× | ||
| Q1 24 | 0.55× | 2.84× |
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 | $1.0B |
| Free Cash FlowOCF − Capex | $313.0M | $977.9M |
| FCF MarginFCF / Revenue | 16.7% | 34.0% |
| Capex IntensityCapex / Revenue | 12.1% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.09× | 3.36× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $357.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $539.0M | $1.0B | ||
| Q3 25 | $1.1B | $-227.0M | ||
| Q2 25 | $563.0M | $-145.5M | ||
| Q1 25 | $586.0M | $-171.1M | ||
| Q4 24 | $420.0M | $918.1M | ||
| Q3 24 | $931.0M | $-301.6M | ||
| Q2 24 | $475.0M | $19.8M | ||
| Q1 24 | $445.0M | — |
| Q4 25 | $313.0M | $977.9M | ||
| Q3 25 | $717.0M | $-253.5M | ||
| Q2 25 | $318.0M | $-173.7M | ||
| Q1 25 | $454.0M | $-193.0M | ||
| Q4 24 | $223.0M | $899.7M | ||
| Q3 24 | $792.0M | $-322.4M | ||
| Q2 24 | $391.0M | $-5.4M | ||
| Q1 24 | $347.0M | — |
| Q4 25 | 16.7% | 34.0% | ||
| Q3 25 | 43.2% | -9.0% | ||
| Q2 25 | 16.8% | -9.9% | ||
| Q1 25 | 27.3% | -9.6% | ||
| Q4 24 | 14.6% | 31.7% | ||
| Q3 24 | 57.8% | -11.7% | ||
| Q2 24 | 24.9% | -0.3% | ||
| Q1 24 | 23.6% | — |
| Q4 25 | 12.1% | 1.1% | ||
| Q3 25 | 20.9% | 0.9% | ||
| Q2 25 | 13.0% | 1.6% | ||
| Q1 25 | 7.9% | 1.1% | ||
| Q4 24 | 12.9% | 0.6% | ||
| Q3 24 | 10.1% | 0.8% | ||
| Q2 24 | 5.3% | 1.3% | ||
| Q1 24 | 6.7% | — |
| Q4 25 | 1.09× | 3.36× | ||
| Q3 25 | 2.31× | -1.20× | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.07× | 5.47× | ||
| Q3 24 | 2.73× | -5.78× | ||
| Q2 24 | 0.94× | — | ||
| Q1 24 | 1.87× | — |
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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
