CF Industries vs Corteva
Corteva is the larger business, with $17.40bn of revenue in fiscal 2025 against $7.08bn for CF Industries (2.5 times as much). CF Industries grew faster (19.3% against 2.9%). CF Industries kept more of each dollar of sales as profit: a net margin of 20.5% against 6.3%. Corteva carries less debt relative to equity (10.7% against 67.2%).
| Latest fiscal year | CF IndustriesCF, 2025 | CortevaCTVA, 2025 |
|---|---|---|
| Revenue | $7.08bn | $17.40bn |
| Revenue growth | 19.3% | 2.9% |
| Net income | $1.46bn | $1.09bn |
| Operating margin | 32.5% | — |
| Net margin | 20.5% | 6.3% |
| Return on equity | 29.6% | 4.6% |
| Free cash flow | $1.80bn | $2.81bn |
| Cash | $1.98bn | $4.52bn |
| Total debt | $3.25bn | $2.58bn |
| Debt to equity | 67.2% | 10.7% |
| Dividend per share | $2.00 | $0.70 |
| Dividend yield | 1.7% | 6.0% |
| Share buybacks | $1.36bn | $1.07bn |
| Employees | 2,900 | 21,500 |
| Market value | $18.07bn | $7.92bn |
| Price vs our value range | — | Below our value range |
| Moat score | 58 (Moderate) | 53 (Moderate) |
| Insider trades, 12 months | 0 buys, 36 sales | 0 buys, 2 sales |