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CF Industries vs Cvr Partners: revenue, profit, margins and growth compared

CF Industries brought in $7.1B of revenue in fiscal 2025, Cvr Partners $606M in fiscal 2025. Revenue changed by +19.3% at CF Industries and +15.4% at Cvr Partners on the year before, so CF Industries grew faster. CF Industries kept 20.5% of its revenue as net profit, Cvr Partners 16.3%. Free cash flow was $1.8B at CF Industries and $98.8M at Cvr Partners.

Side by side, latest fiscal year

CFUAN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$7.1B$606M
Revenue growth+19.3%+15.4%
Net income$1.5B$98.7M
Net margin20.5%16.3%
Free cash flow$1.8B$98.8M
Free cash flow margin25.4%16.3%
Earnings per share (diluted)$8.97$9.33
Cash$2B$69.2M
Debt$3.2B$569.8M
Price to earnings12.813.2
Market value$17.4B$1.3B
Dividend yield1.74%n/a
Rank by revenue in sector#96 of 451 · Industrials#303 of 451 · Industrials

Over the years

Revenue
CF FY2018: $4.4BCF FY2019: $4.6BCF FY2020: $4.1BCF FY2021: $6.5BCF FY2022: $11.2BCF FY2023: $6.6BCF FY2024: $5.9BCF FY2025: $7.1BUAN FY2018: $351.1MUAN FY2019: $404.2MUAN FY2020: $350MUAN FY2021: $532.6MUAN FY2022: $835.6MUAN FY2023: $681.5MUAN FY2024: $525.3MUAN FY2025: $606MFY18FY19FY20FY21FY22FY23FY24FY25
CF $7.1BUAN $606M
Net income
CF FY2018: $290MCF FY2019: $493MCF FY2020: $317MCF FY2021: $917MCF FY2022: $3.3BCF FY2023: $1.5BCF FY2024: $1.2BCF FY2025: $1.5BUAN FY2018: -$50MUAN FY2019: -$35MUAN FY2020: -$98.2MUAN FY2021: $78.2MUAN FY2022: $286.8MUAN FY2023: $172.4MUAN FY2024: $60.9MUAN FY2025: $98.7MFY18FY19FY20FY21FY22FY23FY24FY25
CF $1.5BUAN $98.7M
Net margin
CF FY2018: 6.5%CF FY2019: 10.7%CF FY2020: 7.7%CF FY2021: 14.0%CF FY2022: 29.9%CF FY2023: 23.0%CF FY2024: 20.5%CF FY2025: 20.5%UAN FY2018: -14.2%UAN FY2019: -8.7%UAN FY2020: -28.1%UAN FY2021: 14.7%UAN FY2022: 34.3%UAN FY2023: 25.3%UAN FY2024: 11.6%UAN FY2025: 16.3%FY18FY19FY20FY21FY22FY23FY24FY25
CF 20.5%UAN 16.3%
Revenue growth
CF FY2019: +3.6%CF FY2020: -10.2%CF FY2021: +58.5%CF FY2022: +71.1%CF FY2023: -40.7%CF FY2024: -10.5%CF FY2025: +19.3%UAN FY2019: +15.1%UAN FY2020: -13.4%UAN FY2021: +52.2%UAN FY2022: +56.9%UAN FY2023: -18.4%UAN FY2024: -22.9%UAN FY2025: +15.4%FY19FY20FY21FY22FY23FY24FY25
CF +19.3%UAN +15.4%
Free cash flow
CF FY2018: $1.1BCF FY2019: $1.1BCF FY2020: $922MCF FY2021: $2.4BCF FY2022: $3.4BCF FY2023: $2.3BCF FY2024: $1.8BCF FY2025: $1.8BUAN FY2018: $12.4MUAN FY2019: $20.5MUAN FY2020: $1.1MUAN FY2021: $168.1MUAN FY2022: $256.8MUAN FY2023: $219.3MUAN FY2024: $113.5MUAN FY2025: $98.8MFY18FY19FY20FY21FY22FY23FY24FY25
CF $1.8BUAN $98.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about CF Industries and Cvr Partners

Which is bigger by revenue, CF Industries or Cvr Partners?

CF Industries is bigger by revenue: $7.1B in fiscal 2025, against $606M for Cvr Partners in fiscal 2025.

Which keeps more of its revenue as profit, CF Industries or Cvr Partners?

CF Industries had a net margin of 20.5% in fiscal 2025; Cvr Partners had 16.3% in fiscal 2025.

Which grew revenue faster, CF Industries or Cvr Partners?

In their latest fiscal years revenue changed by +19.3% at CF Industries and +15.4% at Cvr Partners.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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