CF Industries vs Nutrien
Nutrien reported revenue of $26.9 billion in fiscal 2025, 3.8 times CF Industries' $7.1 billion in fiscal 2025. CF Industries' revenue grew 19.3% in its latest year, and Nutrien's grew 3.5%. CF Industries had an operating margin of 32.5%, against 13.9% at Nutrien. Free cash flow was $1.8 billion at CF Industries and $2.1 billion at Nutrien.
Side by side
| CF Industries | Nutrien | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $7.1B | $26.9B |
| Revenue growth | 19.3% | 3.5% |
| Revenue growth a year, last 5 years | 11.4% | 5.2% |
| Gross margin | 38.5% | 31.1% |
| Operating margin | 32.5% | 13.9% |
| Net margin | 20.5% | 8.4% |
| Free cash flow | $1.8B | $2.1B |
| Free cash flow margin | 25.4% | 7.9% |
| Return on capital | 20.6% | 8.0% |
| Net debt to EBITDA | 0.4x | 1.6x |
| Dividends and buybacks | $1.7B | $1.6B |
| Change in diluted share count | −10.2% | −1.6% |
| Last close | $120.84 | $68.22 |
| P/E at the last close | 9.0× | — |
| Insider trades, last 12 months | sold $72.2 million | — |
| Piotroski F-score | 8 of 9 | 9 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
CF IndustriesNutrien
Operating margin
Percent of revenue
CF IndustriesNutrien
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CF IndustriesNutrien
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the CF Industries and Nutrien pages.