CF vs. SUZ: CF Industries vs. Suzano Stock Comparison

November 11, 2026

How do CF Industries (CF) and Suzano (SUZ) 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 Suzano (SUZ) both fall under the Materials industry group, but CF is classified in Chemicals while SUZ is classified in Paper & Forest Products.

CF Industries (CF) trades as ordinary local shares, while Suzano (SUZ) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for CF Industries (CF) and Suzano (SUZ)
Profile Item	CF	SUZ
Name	CF Industries Holdings, Inc.	Suzano S.A. - Sponsored ADR
Country/Region	United States	Brazil
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Chemicals	Paper & Forest Products
GICS Sub-Industry	Fertilizers & Agricultural Chemicals	Paper Products
Market Capitalization	17.46 billion USD	11.90 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	August 11, 2005	November 4, 2008
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

SUZ

GSPC

CF Industries (CF) vs. Suzano (SUZ), 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 Suzano (SUZ). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for CF Industries (CF) and Suzano (SUZ)
Metric	CF	SUZ
Total Return (1Y)	49.36%	9.33%
Total Return (3Y, Annualized)	17.00%	-1.70%
Total Return (5Y, Annualized)	16.09%	4.04%

Risk Profile

Drawdown History

SUZ

GSPC

CF Industries (CF) vs. Suzano (SUZ), 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 Suzano (SUZ). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CF Industries (CF) and Suzano (SUZ)
Metric	CF	SUZ
Volatility (1Y, Annualized)	43.66%	30.42%
Beta (5Y)	0.56	0.56
Max Drawdown (5Y)	-48.36%	-38.50%
Avg. Volume (3M)	2.49M	3.57M

Risk-Adjusted Performance

Risk-Return Positioning

CF and SUZ 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 Suzano (SUZ)
Metric	CF	SUZ
Sharpe Ratio (1Y)	1.03	0.17
Sortino Ratio (1Y)	1.59	0.26

Profitability

ROE (TTM)

CF Industries (CF) at 30.86% sits in the top ROE quartile, while Suzano (SUZ) at 16.20% is closer to the peer norm — stronger capital efficiency for CF.

CF

Materials industry group

30.86%

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

SUZ

Materials industry group

16.20%

Max: 52.88%
Q3: 19.49%
SUZ: 16.20%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

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

Net Margin (TTM)

CF Industries (CF) at 27.48% retains a top-quartile share of revenue as profit, ahead of Suzano (SUZ) at 15.94%, which keeps about the industry-typical share.

CF

Materials industry group

27.48%

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

SUZ

Materials industry group

15.94%

Max: 38.66%
Q3: 15.98%
SUZ: 15.94%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

CF Industries (CF) vs. Suzano (SUZ): 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 Suzano (SUZ) at 9.76%, 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%

SUZ

Materials industry group

9.76%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
SUZ: 9.76%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for CF Industries (CF) and Suzano (SUZ)
Metric	CF	SUZ
ROE (TTM)	30.86%	16.20%
ROA (TTM)	12.61%	2.54%
Net Margin (TTM)	27.48%	15.94%
Operating Margin (TTM)	34.36%	9.76%
Gross Margin (TTM)	42.52%	26.68%

Growth

Revenue Growth

Both CF Industries (CF) at 19.34% and Suzano (SUZ) at 5.72% 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. Suzano (SUZ): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: CF Industries (CF) reports EPS growth of 33.09%, ranked against its industry; Suzano (SUZ) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for CF Industries (CF) and Suzano (SUZ)
Metric	CF	SUZ
Revenue Growth (YoY)	19.34%	5.72%
Revenue Growth (3Y CAGR)	-14.12%	0.19%
EPS Growth (YoY)	33.09%	--
EPS Growth (3Y CAGR)	-18.19%	-14.94%

Financial Strength

Current Ratio (MRQ)

Both CF Industries (CF) at 2.98 and Suzano (SUZ) at 2.54 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity 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

SUZ

Materials industry group

2.54

Max: 5.96
Q3: 3.30
SUZ: 2.54
Median: 2.24
Q1: 1.45
Min: 0.16

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

Debt / Equity (MRQ)

CF Industries (CF) at 0.41 carries an industry-typical debt-to-equity mix, while Suzano (SUZ) at 1.83 uses more debt funding than most peers.

CF

Materials industry group

0.41

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

SUZ

Materials industry group

1.83

Max: 1.98
SUZ: 1.83
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00

CF Industries (CF) vs. Suzano (SUZ): 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 Suzano (SUZ)
Metric	CF	SUZ
Current Ratio (MRQ)	2.98	2.54
Debt / Equity (MRQ)	0.41	1.83
Net Debt / EBITDA	0.21	4.28

Dividends

Dividend Yield (TTM)

Both CF Industries (CF) at 1.77% and Suzano (SUZ) at 0.05% 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%

SUZ

Materials industry group

0.05%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
SUZ: 0.05%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both CF Industries (CF) at 14.81% and Suzano (SUZ) at 17.55% 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%

SUZ

Materials industry group

17.55%

Max: 83.62%
Q3: 41.37%
SUZ: 17.55%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for CF Industries (CF) and Suzano (SUZ)
Metric	CF	SUZ
Dividend Yield (TTM)	1.77%	0.05%
Dividend Payout Ratio (TTM)	14.81%	17.55%

Valuation

P/E Ratio (TTM)

Both CF Industries (CF) at 8.42 and Suzano (SUZ) at 7.49 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

CF

Materials industry group

8.42

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

SUZ

Materials industry group

7.49

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
SUZ: 7.49
Min: 3.93

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

P/S Ratio (TTM)

Suzano (SUZ) at 0.23 sits in the cheaper P/S ratio quartile while CF Industries (CF) at 2.20 prices around its industry’s middle — SUZ costs less per dollar of sales, though read it alongside growth and margins.

CF

Materials industry group

2.20

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

SUZ

Materials industry group

0.23

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
SUZ: 0.23
Min: 0.00

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

P/B Ratio (MRQ)

Suzano (SUZ) at 1.16 sits in the lower P/B ratio quartile against book while CF Industries (CF) at 3.10 is valued near its industry’s middle — SUZ is cheaper on assets, though weigh it against ROE and asset quality.

CF

Materials industry group

3.10

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

SUZ

Materials industry group

1.16

Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
SUZ: 1.16
Min: -0.17

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

Valuation Metrics

Valuation metrics for CF Industries (CF) and Suzano (SUZ)
Metric	CF	SUZ
P/E Ratio (TTM)	8.42	7.49
P/S Ratio (TTM)	2.20	0.23
P/B Ratio (MRQ)	3.10	1.16
Free Cash Flow Yield (TTM)	9.10%	-7.73%