CF Industries
CF · Fertilizers & Agricultural Chemicals
$120.68
1.8%Olin
OLN · Diversified Chemicals
$15.66
0.8%The short version
- CF Industries is the larger business, with $7.1B of revenue in fiscal 2025 against $6.8B for Olin.
- CF Industries grew revenue faster (19.3%, against 3.7%).
- CF Industries kept more of each dollar of sales as operating profit (32.5% operating margin, against 0.1% operating margin).
- CF Industries turned more of its sales into free cash flow (25.4% FCF margin, against 3.7% FCF margin).
- CF Industries earned a higher return on the capital invested in it (20.6%, against 0.1%).
| Latest fiscal year | CF · FY25 | OLN · FY25 |
|---|---|---|
| Size | ||
| Market cap | $18.6B | $1.8B |
| Revenue | $7.1B | $6.8B |
| Free cash flow | $1.8B | $248M |
| Net income | $1.5B | −$101M |
| Growth | ||
| Revenue growth | 19.3% | 3.7% |
| 5-year growth | 11.4% | 3.3% |
| Share count change | −10.2% | −4.1% |
| Profitability | ||
| Gross margin | 38.5% | 7.4% |
| Operating margin | 32.5% | 0.1% |
| Net margin | 20.5% | −1.5% |
| FCF margin | 25.4% | 3.7% |
| Return on capital | 20.6% | 0.1% |
| Return on equity | 29.6% | −5.2% |
| Balance sheet | ||
| Net debt | $1.2B | $2.7B |
| Net debt / EBITDA | 0.4x | 5.1x |
| Dividends and buybacks | $1.7B | $142M |
| Valuation & quality | ||
| P/E | 9.0x | — |
| Piotroski F-score | 8 | 4 |
FY16
CF $3.7B
OLN $5.6B
FY17
CF $4.1B
OLN $6.3B
FY18
CF $4.4B
OLN $6.9B
FY19
CF $4.6B
OLN $6.1B
FY20
CF $4.1B
OLN $5.8B
FY21
CF $6.5B
OLN $8.9B
FY22
CF $11.2B
OLN $9.4B
FY23
CF $6.6B
OLN $6.8B
FY24
CF $5.9B
OLN $6.5B
FY25
CF $7.1B
OLN $6.8B
CF
OLN
FY16
CF 3.7%
OLN 1.9%
FY17
CF 5.7%
OLN 4.7%
FY18
CF 17.3%
OLN 9.8%
FY19
CF 21.9%
OLN 2.9%
FY20
CF 15.1%
OLN −13.0%
FY21
CF 26.5%
OLN 20.8%
FY22
CF 48.3%
OLN 19.0%
FY23
CF 33.6%
OLN 10.4%
FY24
CF 29.4%
OLN 4.5%
FY25
CF 32.5%
OLN 0.1%
CF
OLN
FY16
CF −$1.6B
OLN $325M
FY17
CF $1.2B
OLN $355M
FY18
CF $1.1B
OLN $523M
FY19
CF $1.1B
OLN $232M
FY20
CF $922M
OLN $134M
FY21
CF $2.4B
OLN $1.5B
FY22
CF $3.4B
OLN $1.7B
FY23
CF $2.3B
OLN $738M
FY24
CF $1.8B
OLN $308M
FY25
CF $1.8B
OLN $248M
CF
OLN
FY16
CF 1.1%
OLN 1.5%
FY17
CF 1.7%
OLN 5.0%
FY18
CF 5.9%
OLN 8.4%
FY19
CF 8.8%
OLN 2.5%
FY20
CF 6.4%
OLN −11.1%
FY21
CF 16.9%
OLN 30.0%
FY22
CF 51.0%
OLN 27.7%
FY23
CF 20.5%
OLN 11.8%
FY24
CF 16.0%
OLN 4.6%
FY25
CF 20.6%
OLN 0.1%
CF
OLN
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.