CF Industries vs FMC
CF Industries is the larger business, with $7.08bn of revenue in fiscal 2025 against $3.47bn for FMC (2.0 times as much). CF Industries grew faster (19.3% against -18.3%). CF Industries kept more of each dollar of sales as profit: a net margin of 20.5% against -64.6%. CF Industries carries less debt relative to equity (67.2% against 196.7%).
| Latest fiscal year | CF IndustriesCF, 2025 | FMCFMC, 2025 |
|---|---|---|
| Revenue | $7.08bn | $3.47bn |
| Revenue growth | 19.3% | -18.3% |
| Net income | $1.46bn | −$2.24bn |
| Operating margin | 32.5% | -47.0% |
| Net margin | 20.5% | -64.6% |
| Return on equity | 29.6% | -68.3% |
| Free cash flow | $1.80bn | −$103m |
| Cash | $1.98bn | $585m |
| Total debt | $3.25bn | $4.07bn |
| Debt to equity | 67.2% | 196.7% |
| Dividend per share | $2.00 | $1.82 |
| Dividend yield | 1.7% | 11.9% |
| Share buybacks | $1.36bn | $0 |
| Employees | 2,900 | 5,500 |
| Market value | $18.07bn | $820m |
| Price vs our value range | — | Within our value range |
| Moat score | 58 (Moderate) | 56 (Moderate) |
| Insider trades, 12 months | 0 buys, 36 sales | 3 buys, 1 sales |