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Side-by-side financial comparison of CNH Industrial N.V. (CNH) and SMITHFIELD FOODS INC (SFD). Click either name above to swap in a different company.

CNH Industrial N.V. is the larger business by last-quarter revenue ($3.8B vs $3.8B, roughly 1.0× SMITHFIELD FOODS INC). SMITHFIELD FOODS INC runs the higher net margin — 6.6% vs 0.3%, a 6.3% gap on every dollar of revenue. On growth, SMITHFIELD FOODS INC posted the faster year-over-year revenue change (0.8% vs 0.6%). Over the past eight quarters, SMITHFIELD FOODS INC's revenue compounded faster (6.8% CAGR vs -10.7%).

CNH Industrial NV is an Italian-American multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the multinational investment company Exor, which in turn is controlled by the Agnelli family. Through its various businesses, CNH Industrial designs, produces, and sells agricultural machinery and construction equipment. Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, incl...

Smithfield Foods, Inc., is a Hong Kong-owned pork producer and food-processing company based in Smithfield, Virginia. Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and pork producer in the world. In addition to owning over 500 farms in the US, Smithfield contracts with another 2,000 independent farms around the country to raise Smithfield's pigs. Outside the US, the company has facilities in Mexico, Poland, Romania, Germany, S...

CNH vs SFD — Head-to-Head

Bigger by revenue
CNH
CNH
1.0× larger
CNH
$3.8B
$3.8B
SFD
Growing faster (revenue YoY)
SFD
SFD
+0.2% gap
SFD
0.8%
0.6%
CNH
Higher net margin
SFD
SFD
6.3% more per $
SFD
6.6%
0.3%
CNH
Faster 2-yr revenue CAGR
SFD
SFD
Annualised
SFD
6.8%
-10.7%
CNH

Income Statement — Q1 FY2026 vs Q1 FY2027

Metric
CNH
CNH
SFD
SFD
Revenue
$3.8B
$3.8B
Net Profit
$10.0M
$249.0M
Gross Margin
31.9%
13.4%
Operating Margin
0.3%
8.8%
Net Margin
0.3%
6.6%
Revenue YoY
0.6%
0.8%
Net Profit YoY
-17.8%
9.8%
EPS (diluted)
$0.01

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.

Revenue
CNH
CNH
SFD
SFD
Q1 26
$3.8B
$3.8B
Q4 25
$4.5B
$4.2B
Q3 25
$3.7B
$3.7B
Q2 25
$4.0B
$3.8B
Q1 25
$3.2B
$3.8B
Q4 24
$4.1B
$4.0B
Q3 24
$4.0B
$3.3B
Q2 24
$4.8B
Net Profit
CNH
CNH
SFD
SFD
Q1 26
$10.0M
$249.0M
Q4 25
$86.0M
$327.0M
Q3 25
$80.0M
$248.0M
Q2 25
$213.0M
$188.0M
Q1 25
$131.0M
$224.0M
Q4 24
$106.0M
$205.0M
Q3 24
$306.0M
$291.0M
Q2 24
$433.0M
Gross Margin
CNH
CNH
SFD
SFD
Q1 26
31.9%
13.4%
Q4 25
18.4%
14.2%
Q3 25
19.1%
12.8%
Q2 25
20.6%
13.2%
Q1 25
19.0%
13.5%
Q4 24
19.5%
13.5%
Q3 24
21.7%
14.3%
Q2 24
22.9%
Operating Margin
CNH
CNH
SFD
SFD
Q1 26
0.3%
8.8%
Q4 25
3.0%
9.5%
Q3 25
1.4%
8.3%
Q2 25
6.8%
6.9%
Q1 25
5.1%
8.5%
Q4 24
5.8%
8.5%
Q3 24
9.6%
8.5%
Q2 24
11.1%
Net Margin
CNH
CNH
SFD
SFD
Q1 26
0.3%
6.6%
Q4 25
1.9%
7.7%
Q3 25
2.2%
6.6%
Q2 25
5.3%
5.0%
Q1 25
4.1%
5.9%
Q4 24
2.6%
5.2%
Q3 24
7.7%
8.7%
Q2 24
9.0%
EPS (diluted)
CNH
CNH
SFD
SFD
Q1 26
$0.01
Q4 25
$0.08
$0.83
Q3 25
$0.06
$0.63
Q2 25
$0.17
$0.48
Q1 25
$0.10
$0.57
Q4 24
$0.10
$0.54
Q3 24
$0.24
$0.77
Q2 24
$0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNH
CNH
SFD
SFD
Cash + ST InvestmentsLiquidity on hand
$1.6M
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$7.8M
$6.9B
Total Assets
$42.0M
$12.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNH
CNH
SFD
SFD
Q1 26
$1.6M
$1.4B
Q4 25
$2.6B
Q3 25
$2.3B
Q2 25
$2.5B
Q1 25
$1.7B
Q4 24
$3.2B
Q3 24
$1.8B
Q2 24
$2.0B
Total Debt
CNH
CNH
SFD
SFD
Q1 26
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
Q2 24
Stockholders' Equity
CNH
CNH
SFD
SFD
Q1 26
$7.8M
$6.9B
Q4 25
$7.8B
$6.8B
Q3 25
$7.8B
$6.5B
Q2 25
$7.8B
$6.3B
Q1 25
$7.9B
$6.2B
Q4 24
$7.7B
$5.8B
Q3 24
$7.7B
Q2 24
$7.6B
Total Assets
CNH
CNH
SFD
SFD
Q1 26
$42.0M
$12.0B
Q4 25
$42.7B
$12.2B
Q3 25
$43.3B
$11.5B
Q2 25
$43.7B
$11.2B
Q1 25
$42.1B
$11.1B
Q4 24
$42.9B
$11.1B
Q3 24
$44.0B
Q2 24
$44.0B
Debt / Equity
CNH
CNH
SFD
SFD
Q1 26
Q4 25
0.29×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.34×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CNH
CNH
SFD
SFD
Operating Cash FlowLast quarter
$35.0M
Free Cash FlowOCF − Capex
$-589.0M
FCF MarginFCF / Revenue
-15.4%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
3.50×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNH
CNH
SFD
SFD
Q1 26
$35.0M
Q4 25
$945.0M
$938.0M
Q3 25
$659.0M
$13.0M
Q2 25
$772.0M
$274.0M
Q1 25
$162.0M
$-166.0M
Q4 24
$1.7B
Q3 24
$791.0M
Q2 24
$379.0M
Free Cash Flow
CNH
CNH
SFD
SFD
Q1 26
$-589.0M
Q4 25
$842.0M
Q3 25
$-75.0M
Q2 25
$196.0M
Q1 25
$-245.0M
Q4 24
Q3 24
Q2 24
FCF Margin
CNH
CNH
SFD
SFD
Q1 26
-15.4%
Q4 25
19.9%
Q3 25
-2.0%
Q2 25
5.2%
Q1 25
-6.5%
Q4 24
Q3 24
Q2 24
Capex Intensity
CNH
CNH
SFD
SFD
Q1 26
2.3%
Q4 25
2.3%
Q3 25
2.3%
Q2 25
2.1%
Q1 25
2.1%
Q4 24
2.1%
Q3 24
2.8%
Q2 24
Cash Conversion
CNH
CNH
SFD
SFD
Q1 26
3.50×
Q4 25
10.99×
2.87×
Q3 25
8.24×
0.05×
Q2 25
3.62×
1.46×
Q1 25
1.24×
-0.74×
Q4 24
15.96×
Q3 24
2.58×
Q2 24
0.88×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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