vs
Side-by-side financial comparison of CF Industries (CF) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.
Vertiv Holdings Co is the larger business by last-quarter revenue ($2.6B vs $1.9B, roughly 1.4× CF Industries). CF Industries runs the higher net margin — 26.4% vs 14.7%, a 11.7% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs 22.8%). Vertiv Holdings Co produced more free cash flow last quarter ($652.8M vs $313.0M). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% 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.
Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.
CF vs VRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.6B |
| Net Profit | $495.0M | $390.1M |
| Gross Margin | 40.9% | 37.7% |
| Operating Margin | 33.0% | — |
| Net Margin | 26.4% | 14.7% |
| Revenue YoY | 22.8% | 30.1% |
| Net Profit YoY | 26.3% | — |
| EPS (diluted) | $2.56 | $0.99 |
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 | — | $2.6B | ||
| Q4 25 | $1.9B | $2.9B | ||
| Q3 25 | $1.7B | $2.7B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $1.7B | $2.0B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.6B | $2.0B |
| Q1 26 | — | $390.1M | ||
| Q4 25 | $495.0M | $445.6M | ||
| Q3 25 | $460.0M | $398.5M | ||
| Q2 25 | $492.0M | $324.2M | ||
| Q1 25 | $351.0M | $164.5M | ||
| Q4 24 | $392.0M | $147.0M | ||
| Q3 24 | $341.0M | $176.6M | ||
| Q2 24 | $506.0M | $178.1M |
| Q1 26 | — | 37.7% | ||
| Q4 25 | 40.9% | 38.9% | ||
| Q3 25 | 38.1% | 37.8% | ||
| Q2 25 | 39.9% | 34.0% | ||
| Q1 25 | 34.4% | 33.7% | ||
| Q4 24 | 34.4% | 37.1% | ||
| Q3 24 | 32.4% | 36.5% | ||
| Q2 24 | 43.2% | 38.0% |
| Q1 26 | — | — | ||
| Q4 25 | 33.0% | 20.1% | ||
| Q3 25 | 35.0% | 19.3% | ||
| Q2 25 | 34.3% | 16.8% | ||
| Q1 25 | 27.4% | 14.3% | ||
| Q4 24 | 28.9% | 19.5% | ||
| Q3 24 | 26.6% | 17.9% | ||
| Q2 24 | 40.6% | 17.2% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | 26.4% | 15.5% | ||
| Q3 25 | 27.7% | 14.9% | ||
| Q2 25 | 26.0% | 12.3% | ||
| Q1 25 | 21.1% | 8.1% | ||
| Q4 24 | 25.7% | 6.3% | ||
| Q3 24 | 24.9% | 8.5% | ||
| Q2 24 | 32.2% | 9.1% |
| Q1 26 | — | $0.99 | ||
| Q4 25 | $2.56 | $1.14 | ||
| Q3 25 | $2.19 | $1.02 | ||
| Q2 25 | $2.37 | $0.83 | ||
| Q1 25 | $1.85 | $0.42 | ||
| Q4 24 | $1.86 | $0.38 | ||
| Q3 24 | $1.55 | $0.46 | ||
| Q2 24 | $2.30 | $0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.5B |
| Total DebtLower is stronger | $3.2B | $0 |
| Stockholders' EquityBook value | $4.8B | $4.2B |
| Total Assets | $14.1B | $13.4B |
| Debt / EquityLower = less leverage | 0.66× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.5B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $908.7M | ||
| Q2 24 | — | $579.7M |
| Q1 26 | — | $0 | ||
| Q4 25 | $3.2B | $2.9B | ||
| Q3 25 | $3.0B | $2.9B | ||
| Q2 25 | $3.0B | $2.9B | ||
| Q1 25 | $3.0B | $2.9B | ||
| Q4 24 | $3.0B | $2.9B | ||
| Q3 24 | $3.0B | $2.9B | ||
| Q2 24 | $3.0B | $2.9B |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $4.8B | $3.9B | ||
| Q3 25 | $4.8B | $3.5B | ||
| Q2 25 | $5.0B | $3.1B | ||
| Q1 25 | $4.8B | $2.7B | ||
| Q4 24 | $5.0B | $2.4B | ||
| Q3 24 | $5.2B | $1.8B | ||
| Q2 24 | $5.5B | $1.5B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $14.1B | $12.2B | ||
| Q3 25 | $14.2B | $10.8B | ||
| Q2 25 | $13.8B | $10.4B | ||
| Q1 25 | $13.3B | $9.5B | ||
| Q4 24 | $13.5B | $9.1B | ||
| Q3 24 | $13.8B | $8.9B | ||
| Q2 24 | $13.8B | $8.1B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.66× | 0.74× | ||
| Q3 25 | 0.61× | 0.83× | ||
| Q2 25 | 0.60× | 0.93× | ||
| Q1 25 | 0.62× | 1.10× | ||
| Q4 24 | 0.60× | 1.20× | ||
| Q3 24 | 0.57× | 1.62× | ||
| Q2 24 | 0.54× | 1.91× |
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 | — |
| Free Cash FlowOCF − Capex | $313.0M | $652.8M |
| FCF MarginFCF / Revenue | 16.7% | 24.6% |
| Capex IntensityCapex / Revenue | 12.1% | 4.2% |
| Cash ConversionOCF / Net Profit | 1.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $2.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $539.0M | $978.9M | ||
| Q3 25 | $1.1B | $508.7M | ||
| Q2 25 | $563.0M | $322.9M | ||
| Q1 25 | $586.0M | $303.3M | ||
| Q4 24 | $420.0M | $425.2M | ||
| Q3 24 | $931.0M | $378.2M | ||
| Q2 24 | $475.0M | $378.4M |
| Q1 26 | — | $652.8M | ||
| Q4 25 | $313.0M | $885.6M | ||
| Q3 25 | $717.0M | $463.5M | ||
| Q2 25 | $318.0M | $277.9M | ||
| Q1 25 | $454.0M | $266.8M | ||
| Q4 24 | $223.0M | $364.5M | ||
| Q3 24 | $792.0M | $341.8M | ||
| Q2 24 | $391.0M | $344.3M |
| Q1 26 | — | 24.6% | ||
| Q4 25 | 16.7% | 30.8% | ||
| Q3 25 | 43.2% | 17.3% | ||
| Q2 25 | 16.8% | 10.5% | ||
| Q1 25 | 27.3% | 13.1% | ||
| Q4 24 | 14.6% | 15.5% | ||
| Q3 24 | 57.8% | 16.5% | ||
| Q2 24 | 24.9% | 17.6% |
| Q1 26 | — | 4.2% | ||
| Q4 25 | 12.1% | 3.2% | ||
| Q3 25 | 20.9% | 1.7% | ||
| Q2 25 | 13.0% | 1.7% | ||
| Q1 25 | 7.9% | 1.8% | ||
| Q4 24 | 12.9% | 2.6% | ||
| Q3 24 | 10.1% | 1.8% | ||
| Q2 24 | 5.3% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.09× | 2.20× | ||
| Q3 25 | 2.31× | 1.28× | ||
| Q2 25 | 1.14× | 1.00× | ||
| Q1 25 | 1.67× | 1.84× | ||
| Q4 24 | 1.07× | 2.89× | ||
| Q3 24 | 2.73× | 2.14× | ||
| Q2 24 | 0.94× | 2.12× |
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% |
VRT
Segment breakdown not available.
