CF Industries Holdings holds an edge over Nutrien as a fertilizer investment, driven by a more attractive valuation and higher earnings growth projections. CF trades at a forward earnings multiple of 7.26, a roughly 34.8% discount to the Zacks Fertilizers industry average of 11.14, while Nutrien trades at 11.17. The Zacks Consensus Estimate for CF's 2026 earnings per share implies an 83.1% year-over-year increase, compared with 31.4% for Nutrien. CF also offers a five-year annualized dividend growth rate of 12.9%, well above Nutrien's 4.1%, though Nutrien provides a higher current dividend yield of roughly 3.4% versus CF's 1.9%. Both companies benefit from strong global fertilizer demand and tight supply, but CF's nitrogen-focused portfolio and robust free cash flow conversion support its stronger near-term outlook.
CF Industries Holdings IncCF Industries has a more attractive valuation (forward P/E 7.26 vs industry 11.14) and higher earnings growth projections (83.1% YoY for 2026) than Nutrien.
Nutrien LtdNutrien trades at a higher valuation (forward P/E 11.17) and has lower earnings growth projections (31.4% YoY for 2026) compared to CF Industries.