CF vs. CRS: CF Industries vs. Carpenter Stock Comparison

November 11, 2026

How do CF Industries (CF) and Carpenter (CRS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

CF Industries (CF) and Carpenter (CRS) both fall under the Materials industry group, but CF is classified in Chemicals while CRS is classified in Metals & Mining.

Company profile comparison for CF Industries (CF) and Carpenter (CRS)
Profile Item	CF	CRS
Name	CF Industries Holdings, Inc.	Carpenter Technology Corporation
Country/Region	United States	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Chemicals	Metals & Mining
GICS Sub-Industry	Fertilizers & Agricultural Chemicals	Steel
Market Capitalization	17.46 billion USD	13.79 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	August 11, 2005	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CRS

GSPC

CF Industries (CF) vs. Carpenter (CRS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for CF Industries (CF) and Carpenter (CRS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CF Industries (CF) and Carpenter (CRS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for CF Industries (CF) and Carpenter (CRS)
Metric	CF	CRS
Total Return (1Y)	49.36%	-8.47%
Total Return (3Y, Annualized)	17.00%	66.22%
Total Return (5Y, Annualized)	16.09%	56.37%

Risk Profile

Drawdown History

CRS

GSPC

CF Industries (CF) vs. Carpenter (CRS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for CF Industries (CF) and Carpenter (CRS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Carpenter (CRS) has an aggressive beta of 1.39, indicating higher sensitivity to broad-market moves, while CF Industries (CF) is defensive at 0.56 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for CF Industries (CF) and Carpenter (CRS)
Metric	CF	CRS
Volatility (1Y, Annualized)	43.66%	49.01%
Beta (5Y)	0.56	1.39
Max Drawdown (5Y)	-48.36%	-55.01%
Avg. Volume (3M)	2.49M	913.10K

Risk-Adjusted Performance

Risk-Return Positioning

CF and CRS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CF Industries (CF) and Carpenter (CRS)
Metric	CF	CRS
Sharpe Ratio (1Y)	1.03	-0.26
Sortino Ratio (1Y)	1.59	-0.36

Profitability

ROE (TTM)

Both CF Industries (CF) at 30.86% and Carpenter (CRS) at 27.84% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

CF

Materials industry group

30.86%

Max: 52.88%
CF: 30.86%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

CRS

Materials industry group

27.84%

Max: 52.88%
CRS: 27.84%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

CF Industries (CF) vs. Carpenter (CRS): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both CF Industries (CF) at 27.48% and Carpenter (CRS) at 17.87% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

CF

Materials industry group

27.48%

Max: 38.66%
CF: 27.48%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

CRS

Materials industry group

17.87%

Max: 38.66%
CRS: 17.87%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

CF Industries (CF) vs. Carpenter (CRS): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

CF Industries (CF) at 34.36% operates in the top operating margin quartile, ahead of Carpenter (CRS) at 24.69%, which runs around its industry’s norm.

CF

Materials industry group

34.36%

Max: 66.70%
CF: 34.36%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

CRS

Materials industry group

24.69%

Max: 66.70%
Q3: 28.92%
CRS: 24.69%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

CF Industries (CF) vs. Carpenter (CRS): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for CF Industries (CF) and Carpenter (CRS)
Metric	CF	CRS
ROE (TTM)	30.86%	27.84%
ROA (TTM)	12.61%	12.96%
Net Margin (TTM)	27.48%	17.87%
Operating Margin (TTM)	34.36%	24.69%
Gross Margin (TTM)	42.52%	31.22%

Growth

Revenue Growth

Both CF Industries (CF) at 19.34% and Carpenter (CRS) at 8.59% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

CF Industries (CF) vs. Carpenter (CRS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both CF Industries (CF) at 33.09% and Carpenter (CRS) at 41.78% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

CF Industries (CF) vs. Carpenter (CRS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CF Industries (CF) and Carpenter (CRS)
Metric	CF	CRS
Revenue Growth (YoY)	19.34%	8.59%
Revenue Growth (3Y CAGR)	-14.12%	7.00%
EPS Growth (YoY)	33.09%	41.78%
EPS Growth (3Y CAGR)	-18.19%	109.75%

Financial Strength

Current Ratio (MRQ)

CF Industries (CF) at 2.98 keeps current ratio within its industry’s typical mid-range, while Carpenter (CRS) at 3.94 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

CF

Materials industry group

2.98

Max: 5.96
Q3: 3.30
CF: 2.98
Median: 2.24
Q1: 1.45
Min: 0.16

CRS

Materials industry group

3.94

Max: 5.96
CRS: 3.94
Q3: 3.30
Median: 2.24
Q1: 1.45
Min: 0.16

CF Industries (CF) vs. Carpenter (CRS): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both CF Industries (CF) at 0.41 and Carpenter (CRS) at 0.32 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CF

Materials industry group

0.41

Max: 1.98
Q3: 0.89
Median: 0.47
CF: 0.41
Q1: 0.13
Min: 0.00

CRS

Materials industry group

0.32

Max: 1.98
Q3: 0.89
Median: 0.47
CRS: 0.32
Q1: 0.13
Min: 0.00

CF Industries (CF) vs. Carpenter (CRS): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for CF Industries (CF) and Carpenter (CRS)
Metric	CF	CRS
Current Ratio (MRQ)	2.98	3.94
Debt / Equity (MRQ)	0.41	0.32
Net Debt / EBITDA	0.21	0.62

Dividends

Dividend Yield (TTM)

Both CF Industries (CF) at 1.77% and Carpenter (CRS) at 0.29% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CF

Materials industry group

1.77%

Max: 4.52%
Q3: 1.85%
CF: 1.77%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

CRS

Materials industry group

0.29%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
CRS: 0.29%
Q1: 0.00%
Min: 0.00%

CF Industries (CF) vs. Carpenter (CRS): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both CF Industries (CF) at 14.81% and Carpenter (CRS) at 7.05% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CF

Materials industry group

14.81%

Max: 83.62%
Q3: 41.37%
CF: 14.81%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

CRS

Materials industry group

7.05%

Max: 83.62%
Q3: 41.37%
Median: 9.54%
CRS: 7.05%
Q1: 0.00%
Min: 0.00%

CF Industries (CF) vs. Carpenter (CRS): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for CF Industries (CF) and Carpenter (CRS)
Metric	CF	CRS
Dividend Yield (TTM)	1.77%	0.29%
Dividend Payout Ratio (TTM)	14.81%	7.05%

Valuation

P/E Ratio (TTM)

CF Industries (CF) at 8.42 sits in the cheaper P/E ratio quartile, while Carpenter (CRS) at 24.54 is closer to its industry’s usual earnings multiple — a discount for CF, though growth and earnings durability still matter.

CF

Materials industry group

8.42

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
CF: 8.42
Min: 3.93

CRS

Materials industry group

24.54

Max: 59.00
Q3: 32.93
CRS: 24.54
Median: 18.82
Q1: 11.96
Min: 3.93

CF Industries (CF) vs. Carpenter (CRS): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both CF Industries (CF) at 2.20 and Carpenter (CRS) at 4.32 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CF

Materials industry group

2.20

Max: 9.62
Q3: 4.34
CF: 2.20
Median: 1.87
Q1: 0.73
Min: 0.00

CRS

Materials industry group

4.32

Max: 9.62
Q3: 4.34
CRS: 4.32
Median: 1.87
Q1: 0.73
Min: 0.00

CF Industries (CF) vs. Carpenter (CRS): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

CF Industries (CF) at 3.10 is valued about in line with its industry on P/B ratio, while Carpenter (CRS) at 6.32 carries an above-peer premium to book — CRS is pricier on assets.

CF

Materials industry group

3.10

Max: 6.59
Q3: 3.55
CF: 3.10
Median: 2.08
Q1: 1.26
Min: -0.17

CRS

Materials industry group

6.32

Max: 6.59
CRS: 6.32
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

CF Industries (CF) vs. Carpenter (CRS): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for CF Industries (CF) and Carpenter (CRS)
Metric	CF	CRS
P/E Ratio (TTM)	8.42	24.54
P/S Ratio (TTM)	2.20	4.32
P/B Ratio (MRQ)	3.10	6.32
Free Cash Flow Yield (TTM)	9.10%	1.54%