CF Industries Holdings, Inc. (CF) vs Steel Dynamics, Inc. (STLD)

CF leads on 12 of 16 compared metrics.

A side-by-side comparison of CF Industries Holdings, Inc. and Steel Dynamics, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total returnCF vs STLD

growth of $100 · dividends reinvested · last 21y
CF +5485.9%STLD +4032.7%CF compounded faster
02k4k6kStart $10020092013201720212025$5,586$4,133
CF STLD

CF vs STLD: by the numbers

  • STLD is the larger company ($33.24B vs $18.99B market cap).
  • CF trades at the lower earnings multiple (11.11 vs 24.68 P/E).
  • CF converts more revenue to profit (23.73% vs 7.22% net margin).
  • STLD grew revenue faster over the past five years (12.46% vs 12.01% CAGR).
  • CF pays the higher dividend yield (1.62% vs 0.89%).

Which is better, CF or STLD?

Metric tally: CF 12 · STLD 4

It depends on what you're optimizing for:

ValueCF(lower P/E)
GrowthSTLD(faster 5Y revenue CAGR)
IncomeCF(higher dividend yield)
QualityCF(higher ROIC)

Metrics side by side

Valuation

MetricCFSTLD
P/E ratio11.1124.68
Forward P/E7.2414.03
P/S ratio2.581.76
P/B ratio3.583.64
PEG ratio0.260.98
EV / EBITDA5.8315.65
FCF yield8.49%1.99%

Profitability

MetricCFSTLD
Gross margin40.41%14.00%
Operating margin35.68%9.41%
Net margin23.73%7.22%
ROE32.91%14.97%
ROIC14.27%8.19%

Dividends

MetricCFSTLD
Dividend yield1.62%0.89%
Payout ratio22.27%25.69%

Growth (annualized)

MetricCFSTLD
Revenue CAGR (5Y)12.01%12.46%
EPS CAGR (5Y)43.52%25.18%
FCF CAGR (5Y)6.13%19.91%
Total return CAGR (5Y)23.94%33.27%

Frequently asked

Which is better, CF or STLD?
It depends on your goal. value: CF (lower P/E); growth: STLD (faster 5Y revenue CAGR); income: CF (higher dividend yield); quality: CF (higher ROIC). Across all compared metrics, CF leads 12 to 4.
Is CF or STLD cheaper?
On trailing earnings, CF is cheaper: CF trades at a 11.11 P/E and STLD at 24.68.
Which has grown faster, CF or STLD?
Over the past five years, STLD grew revenue faster — CF at a 12.01% CAGR versus STLD at 12.46%.
Does CF or STLD pay a bigger dividend?
CF yields 1.62% and STLD yields 0.89% based on trailing dividends and the latest price.
Is CF or STLD more profitable?
CF runs the higher net margin — CF at 23.73% versus STLD at 7.22%.
Which has been the better investment, CF or STLD?
Over the past 10-year, STLD delivered the higher annualized total return — CF at 19.82% versus STLD at 26.63%. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 20, 2026.