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CF Industries Holdings, Inc. (CF)

CF Industries produces ammonia. It uses the Haber-Bosch process to fix atmospheric nitrogen with hydrogen from natural gas into anhydrous ammonia, 82% nitrogen and 18% hydrogen, then sells the ammonia or upgrades it into granular urea, urea ammonium nitrate solution and ammonium nitrate, with diesel exhaust fluid, urea liquor, nitric acid and aqua ammonia sold mainly to industrial customers. Most of the output goes into fertiliser, while ammonium nitrate is also used by the commercial explosives industry. Customers are cooperatives, retailers, independent fertiliser distributors, traders, wholesalers and industrial users. The company sold 19.1 million product tons in 2025, and its segments, Ammonia, Granular Urea, UAN, AN and Other, are split by product.

CF Industries Holdings, Inc.

CF Industries produces ammonia. It uses the Haber-Bosch process to fix atmospheric nitrogen with hydrogen from natural gas into anhydrous ammonia, 82% nitrogen and 18% hydrogen, then sells the ammonia or upgrades it into granular urea, urea ammonium nitrate solution and ammonium nitrate, with diesel exhaust fluid, urea liquor, nitric acid and aqua ammonia sold mainly to industrial customers. Most of the output goes into fertiliser, while ammonium nitrate is also used by the commercial explosives industry. Customers are cooperatives, retailers, independent fertiliser distributors, traders, wholesalers and industrial users. The company sold 19.1 million product tons in 2025, and its segments, Ammonia, Granular Urea, UAN, AN and Other, are split by product.

The plants

Six manufacturing facilities in the United States: Donaldsonville, Louisiana, which the filing calls the largest ammonia production complex in the world, Sergeant Bluff, Iowa, known as Port Neal, Yazoo City, Mississippi, Claremore, Oklahoma, known as Verdigris, Woodward, Oklahoma, and Waggaman, Louisiana. Waggaman is wholly owned and the other five sit inside CF Industries Nitrogen, of which the company owns approximately 89% and CHS Inc. the remainder. There are two Canadian plants, at Medicine Hat, Alberta, described as the largest ammonia complex in Canada, and Courtright, Ontario, and one at Billingham in the United Kingdom, alongside a 50% interest in Point Lisas Nitrogen in Trinidad and Tobago carried under the equity method. Under the strategic venture with CHS, CHS may buy up to approximately 1.1 million tons of granular urea and 580,000 tons of UAN a year at market prices and takes semi-annual cash distributions from the subsidiary.

Carbon capture

At Donaldsonville and Yazoo City the company is building carbon dioxide dehydration and compression units so that process carbon dioxide can be transported and permanently stored, which keeps approximately 60% of the carbon dioxide generated by ammonia production out of the atmosphere, with ExxonMobil contracted at both sites. The Donaldsonville unit was completed in July 2025 and handles up to 2 million metric tons a year, giving that complex the capacity to make up to approximately 1.9 million tons of low-carbon ammonia annually, and it qualifies for tax credits under Section 45Q. At Yazoo City the filing states that capture is expected to begin in 2028 and to cover up to approximately 500,000 metric tons a year. A nitric acid abatement project at Verdigris was finished in the fourth quarter of 2025.

Blue Point

The Blue Point joint venture was formed on 8 April 2025 with JERA and Mitsui to build a low-carbon ammonia plant at the Blue Point complex in Modeste, Louisiana. CF holds 40%, JERA 35% and Mitsui 25%, and because CF is the primary beneficiary the venture is consolidated, with the partners' combined 60% shown as noncontrolling interests. The plant is to use autothermal reforming with its own dehydration and compression unit, and the filing states that construction is expected to begin in 2026 and production in 2029, after engineering and procurement started in the second quarter of 2025. CF manages development, construction, operation and maintenance under contracts with the venture, and the three partners must buy the output in proportion to their stakes.

Gas and shipping

Natural gas is the principal raw material and primary fuel, accounting for approximately 34% of total production costs in 2025. Consumption ran to approximately 350 million MMBtus, bought through a mix of daily spot and term purchases and hedged with financial instruments, with the plants connected to trading hubs including Henry Hub, ONEOK, AECO, Ventura, Dawn and the National Balancing Point. North American plants ship by truck and rail using a leased fleet of approximately 5,000 tank and hopper cars, and by water from Donaldsonville, Verdigris, Waggaman and Yazoo City with up to thirteen tow boats and forty-two river barges. Donaldsonville and Waggaman connect to the 2,000-mile Sunoco ammonia pipeline feeding ten company-owned terminals in the Midwestern corn belt, and Donaldsonville and Billingham can export by seagoing vessel.

People

The company employed approximately 2,900 people at 31 December 2025, 80% in the United States, 14% in Canada and 6% in the United Kingdom. Nearly all were full-time and approximately 5% were covered by collective bargaining agreements.

From CF Industries' annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in CF Industries Holdings became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 5 November 2026
Revenue
$1.9 billion
+12.1% on the year · -16.3% on the quarter
Q4 FY2024Q3 FY2026
Net income
$436 million
+23.5% on the year · -40.0% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$2.87
+31.1% on the year · -39.3% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 25 February 2026
Revenue
$7.1 billion
+19.3% on the year
FY2018FY2025
Net income
$1.5 billion
+19.5% on the year
FY2018FY2025
Diluted EPS
$8.97
+33.1% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsCF Industries Holdings (CF) reported revenue of $7.1 billion for fiscal 2025, the year ended 31 December 2025, up 19.3% on the year before. Net income was $1.5 billion and diluted earnings per share $8.97. Revenue was $5.9 billion in fiscal 2024, $6.6 billion in fiscal 2023, $11.2 billion in fiscal 2022 and $6.5 billion in fiscal 2021. Net income in the same years was $1.2 billion, $1.5 billion, $3.3 billion and $917 million. Over the twelve months to 30 September 2026, CF Industries Holdings reported revenue of $7.9 billion and net income of $2.2 billion. Revenue grew 11.4% a year, compounded, over the five years to fiscal 2025. CF Industries Holdings declared $2.10 a share in dividends over the last four quarters and had 146 million shares outstanding at the latest filed count. At 30 September 2026 it carried $3.2 billion of debt and $2.8 billion of cash. At the close of 6 November 2026 the market cap of CF Industries Holdings was $17.5 billion, 8.4 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE38.1%
ROCE36.9%
Operating margin41.6%
Net margin27.5%
FCF margin26.2%
Interest cover11.1x
Debt to equity0.56x
Cash conversion1.41x
Share count, last 12 months-6.2%
Sales CAGR, 3 years-14.1%
Profit CAGR, 3 years-24.2%
EPS, TTM$14.17

At the close of 6 November 2026

Price$119.43
Market cap$17.5 billion
Stock P/E8.4x
Price to book3.0x
EV / EBITDA4.2x
Dividend yield1.8%
Market cap / sales2.2x
52-week high$139.27
52-week low$76.09
Price, 1 year46.6%
Price CAGR, 3 years15.0%
Price CAGR, 5 years15.1%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as CF Industries Holdings, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
CFgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue2,5402,8683,3892,3212,6082,0121,7751,2731,5711,4701,5721,3701,5241,6631,8901,6591,8721,9862,2221,860
Cost of revenue1,3851,1701,3981,4051,3521,1499718961,0701,0618939261,0001,0911,1351,0271,1071,2401,0771,140
Gross profit1,1551,6981,9919161,2568638043775014096794445245727556327657461,145720
Gross margin45%59%59%39%48%43%45%30%32%28%43%32%34%34%40%38%41%38%52%39%
SG&A56.064.073.066.087.074.071.068.076.088.076.078.078.084.010188.091.010389.087.0
Operating income1,1291,6581,7787501,2118267342444263036383644414556485806178631,121701
Operating margin44%58%52%32%46%41%41%19%27%21%41%27%29%27%34%35%33%43%50%38%
Interest expense44.024182.046.0-25.040.036.039.035.037.037.00.047.037.036.041.041.039.050.0168
Pre-tax income1,0851,4521,6966931,2548197402534363006294004334376355656028441,093619
Tax rate21%28%21%22%20%21%18%9%19%21%20%15%9%20%23%19%18%20%20%16%
Net income7058831,165438860560527164274194420276328312386353404615727436
Net margin28%31%34%19%33%28%30%13%17%13%27%20%22%19%20%21%22%31%33%23%
Diluted EPS$3.26$4.21$5.58$2.18$4.35$2.85$2.70$0.85$1.44$1.03$2.30$1.55$1.89$1.85$2.37$2.19$2.59$3.98$4.73$2.87
Operating cash flow1,4801,3918899905859477126184804454759314205865631,0645394968781,170
Capital expenditure13263.066.019013469.095.014718898.084.0139197132245347226223271282
Free cash flow1,3481,328823800451878617471292347391792223454318717313273607888
Buybacks48998.047951925154.015115022533930549037544421636034528.0225357
Dividends paid65.064.083.080.079.079.079.077.076.097.091.090.086.086.081.081.078.078.077.091.0
Shares outstanding208m209m199m196m196m195m193m191m188m183m180m174m170m162m162m156m154m154m151m146m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008FY2009FY2010 †FY2011FY2012FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue2,7573,9212,6083,9656,0986,1045,4754,7434,3083,6854,1304,4294,5904,1246,53811,1866,6315,9367,0847,940
Cost of revenue2,0872,6981,7692,7863,2022,9912,9542,9652,7612,8423,6963,5123,4163,3234,1515,3254,0863,8804,3604,564
Gross profit6701,2238391,1802,8963,1132,5201,7781,5478434349171,1748012,3875,8612,5452,0562,7243,376
Gross margin24.3%31.2%32.2%29.7%47.5%51.0%46.0%37.5%35.9%22.9%10.5%20.7%25.6%19.4%36.5%52.4%38.4%34.6%38.5%42.5%
Selling, general and administrative65.268.062.9106130152166152170173191214239206223290289320364370
Operating income6021,1506808962,7902,9592,4122,3661,1931382347661,0036231,7295,3972,2301,7462,3003,302
Operating margin21.8%29.3%26.1%22.6%45.8%48.5%44.1%49.9%27.7%3.7%5.7%17.3%21.9%15.1%26.4%48.2%33.6%29.4%32.5%41.6%
Interest expense1.71.61.5221147135152178133200315241237179184344150121155298
Pre-tax income6261,1756966882,6462,8302,2102,1871,058-226-1255477724631,5435,0952,2481,7622,2393,158
Income tax200378246274926964686773396-68.0-57511912631.02831,158410285441598
Effective tax rate31.9%32.2%35.4%39.8%35.0%34.1%31.1%35.3%37.4%n/an/a21.8%16.3%6.7%18.3%22.7%18.2%16.2%19.7%18.9%
Net income3736853663491,5391,8491,4651,390700-2773582904933179173,3461,5251,2181,4552,182
Net margin13.5%17.5%14.0%8.8%25.2%30.3%26.8%29.3%16.2%-7.5%8.7%6.5%10.7%7.7%14.0%29.9%23.0%20.5%20.5%27.5%
Diluted EPS$1.31$2.43$1.48$1.07$4.40$5.72$4.95$5.42$2.96-$1.19$1.53$1.24$2.23$1.47$4.24$16.38$7.87$6.74$8.97$14.17
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Ammonian/an/an/a1,6781,4381,5761,5239811,2091,0281,1131,0201,7873,0901,6791,7362,17630.7%
UANn/an/an/a1,8861,9351,6701,4801,1961,1341,2341,2701,0631,7883,5722,0681,6782,16130.5%
Urean/an/an/a1,1439259157888319711,3221,3421,2481,8802,8921,8231,6001,78125.1%
Othern/an/an/a3891651712232663193853593385737875645035457.7%
ANn/an/an/an/a2152432944114974605064555108454974194215.9%
Nitrogen1,8393,1885,012n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Phosphate Segment7697781,0861,007797168n/an/an/an/an/an/an/an/an/an/an/an/a
Ammonia FY2012 to FY2025UAN FY2012 to FY2025Urea FY2012 to FY2025Other FY2012 to FY2025AN FY2013 to FY2025Phosphate Segment FY2009 to FY2014Nitrogen FY2009 to FY2011
4.0FY20105.5FY20133.7FY20164.6FY201911.2FY20227.1FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2009 to FY2025

The gross profit each segment reports. Costs CF Industries Holdings does not charge to a segment are left out, so the segments can add up to more than the company's own gross profit.

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Ammonian/an/an/a9657815936392671391612351706251,59954149368231.3%
UANn/an/an/a1,0931,04067252527781.02272891146692,08381760992142.6%
Urean/an/an/a7375143983192481164334814018881,56481367483747.0%
Othern/an/an/a11850.751.061.049.047.050.062.051.017036723620120537.6%
ANn/an/an/an/a59.254.03.02.051.046.010765.035.024813879.079.018.8%
Nitrogen7841,0272,563n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Phosphate Segment55.215333220074.910.0n/an/an/an/an/an/an/an/an/an/an/an/a
Ammonia FY2012 to FY2025Nitrogen FY2009 to FY2011UAN FY2012 to FY2025Urea FY2012 to FY2025AN FY2013 to FY2025Phosphate Segment FY2009 to FY2014Other FY2012 to FY2025
1,180FY20102,520FY2013843FY20161,174FY20195,861FY20222,724FY2025

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Ammonia31%25%
UAN31%34%
Urea25%31%
Other8%8%
AN6%3%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a gross profit figure. A margin is a segment's gross profit over its own sales.

Revenue by region FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
United States2,0303,3685,1765,2614,4983,9943,4852,7282,8513,1603,3873,0365,0868,2124,8564,4195,33875.4%
Other foreignn/an/a4303974682051801904503843273053411,33474758471210.1%
Canada2623104924465085444903493523794103975688496075345988.4%
United Kingdomn/an/an/an/an/an/an/an/an/an/a4133324646423463273785.3%
North America excluding United States and Canadan/an/an/an/an/an/an/a24.050.081.053.054.079.014975.072.058.00.8%
Export317287n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
United Kingdom Domainn/an/an/an/an/an/a153394427425n/an/an/an/an/an/an/an/a
United StatesOther foreign FY2011 to FY2025CanadaUnited Kingdom FY2019 to FY2025North America excluding United States and Canada FY2016 to FY2025United Kingdom Domain FY2015 to FY2018Export FY2009 to FY2010
4.0FY20105.5FY20133.7FY20164.6FY201911.2FY20227.1FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007FY2008FY2009FY2010 †FY2011FY2012FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow6906396821,1942,0792,3761,4671,4211,2076171,6311,4971,5051,2312,8733,8552,7572,2712,7523,083
Capital expenditure1051422362582475248241,8082,4692,2114734224043095144534995189501,002
Free cash flow5854974469361,8321,852643-388-1,262-1,5941,1581,0751,1019222,3593,4022,2581,7531,8022,081
Free cash flow margin21.2%12.7%17.1%23.6%30.0%30.3%11.7%-8.2%-29.3%-43.3%28.0%24.3%24.0%22.4%36.1%30.4%34.1%29.5%25.4%26.2%
Cash from investing-343160-488-3,070n/an/an/a-344-2,976-2,195-413-375-319-299-466-440-1,679-469-933-982
Cash from financing-4.9-540-1241,977n/an/an/a-78777.02,439-1,564-1,270-1,583-542-1,463-2,700-1,372-2,205-1,484-1,118
Depreciation and amortisation84.5101101395416420411392480678883888875892888850869925898904
Share-based compensation9.78.36.68.310.611.912.617.017.019.017.022.028.025.030.041.037.036.045.039.0
Buybacksn/a500n/an/a1,0005001,4091,9355560.00.04673701005391,3475801,5091,365955
Dividends paid4.522.019.426.268.7103129256282280280280265258260306311364326324
Dividend per share$0.02$0.08$0.08$0.08$0.20$0.32$0.44$1.00$1.20$1.20$1.20$1.20$1.20$1.20$1.20$1.50$1.60$2.00$2.00n/a
Diluted shares, weighted284m282m246m327m350m324m296m256m236m233m234m234m222m215m216m204m194m181m162m152m
Shares outstanding at period endn/a242m243m356m327m315m279m242m233m233m233m223m216m214m208m196m188m170m154m146m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008FY2009FY2010 †FY2011FY2012FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,2041,3381,7294,0504,5475,9025,0764,2104,0353,3483,5792,9582,8972,9223,2065,0515,7174,9854,8385,731
Non-controlling interestn/a12.616.03833863803623633523,1443,1052,7732,7402,6812,8302,8022,6562,6072,9373,168
Short-term borrowingsn/an/an/an/an/an/an/an/an/an/an/an/a0.0n/an/an/an/an/an/an/a
Debtn/an/a4.71,9541,6131,6003,0984,5925,5375,7784,6924,6983,9573,9613,4652,9652,9682,9713,2153,217
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.0193174162167168189311324
Other liabilitiesn/a1,0377452,3712,4292,2852,1422,0892,7592,8612,0872,2322,3852,2852,7122,3282,8672,7142,7873,640
Total liabilities and equityn/a2,3882,4958,7588,97410,16710,67811,25412,68315,13113,46312,66112,17212,02312,37513,31314,37613,46614,08816,080
Owned
Fixed assetsn/a6627943,9423,7363,9004,1025,5268,5399,6529,1758,6238,1707,6327,0816,4377,1416,7356,7156,901
Goodwilln/a0.90.92,0642,0642,0642,0962,0932,3902,3452,3712,3532,3652,3742,0912,0892,4952,4922,4932,492
Intangible assetsn/an/an/a57.253.449.645.841.815612812911511010445.015.0538507473449
Investmentsn/an/a1853.1n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Cash and equivalents3666256977981,2072,2751,7111,9973091,1698356822876831,6282,3232,0321,6141,9822,820
Receivablesn/a175167239269217231192267236307235242265497582505404488642
Inventoryn/a589208270304278274203321339275309351287408474299314383416
Other assetsn/a3364431,3841,3401,3822,2191,2037011,2623713446476786251,3931,3661,4001,5542,360
Total assetsn/a2,3882,4958,7588,97410,16710,67811,25412,68315,13113,46312,66112,17212,02312,37513,31314,37613,46614,08816,080
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded5.1%11.4%-14.1%17.9%
Profit growth, compounded7.6%35.6%-24.2%58.2%
Return on equity, average21.5%35.2%27.1%30.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was CF Industries Holdings' revenue in fiscal 2025?

CF Industries Holdings (CF) reported revenue of $7.1 billion for fiscal 2025, the year ended 31 December 2025, up 19.3% on the year before.

How much did CF Industries Holdings earn in fiscal 2025?

Net income was $1.5 billion for fiscal 2025, and diluted earnings per share $8.97.

What is CF Industries Holdings' P/E ratio?

At the close of 6 November 2026, CF Industries Holdings traded at 8.4 times its earnings over the twelve months to 30 September 2026.

What is CF Industries Holdings' market cap?

The market cap of CF Industries Holdings was $17.5 billion at the close of 6 November 2026.

Does CF Industries Holdings pay a dividend?

Yes. CF Industries Holdings declared $2.10 a share in dividends over the four quarters to 30 September 2026.

Peers: Chemicals

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Nutrien Ltd. NTR *$34.5 billion15.349.0%13.9%3.5%0.423.1%
PPG Industries Inc. PPG$27.0 billion17.4918.5%n/a6.4%0.812.3%
Dow Inc. DOW$22.7 billionn/a-5.5%n/a4.2%1.096.7%
International Flavors & Fragrances Inc. IFF$20.7 billion116.351.4%7.5%-16.7%0.471.9%
LyondellBasell Industries N.V. LYB$19.6 billion15.3411.6%8.6%-1.8%1.105.7%
DuPont de Nemours, Inc. DD$19.4 billion65.742.2%n/a3.2%0.231.6%
CF Industries Holdings, Inc. CF$17.5 billion8.4338.1%41.6%17.9%0.561.8%
RPM International Inc. RPM$13.2 billion19.1419.8%n/a6.0%0.69n/a
Albemarle Corp. ALB$11.7 billion23.976.5%10.0%24.4%0.181.6%
Mosaic Co. MOS$7.1 billionn/a-9.9%-5.1%0.0%0.563.9%
Scotts Miracle-Gro Co. SMG$3.8 billion56.26n/a11.8%-2.0%n/a4.1%
CVR Partners, LP UAN$1.2 billion10.88n/a20.6%7.3%n/an/a
All 63 in Chemicals
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Linde plc LIN$236.5 billion34.1817.8%25.3%8.2%0.681.2%
Air Products & Chemicals, Inc. APD$67.9 billionn/a-0.3%-4.7%4.5%1.272.4%
Nutrien Ltd. NTR *$34.5 billion15.349.0%13.9%3.5%0.423.1%
PPG Industries Inc. PPG$27.0 billion17.4918.5%n/a6.4%0.812.3%
Dow Inc. DOW$22.7 billionn/a-5.5%n/a4.2%1.096.7%
International Flavors & Fragrances Inc. IFF$20.7 billion116.351.4%7.5%-16.7%0.471.9%
LyondellBasell Industries N.V. LYB$19.6 billion15.3411.6%8.6%-1.8%1.105.7%
DuPont de Nemours, Inc. DD$19.4 billion65.742.2%n/a3.2%0.231.6%
CF Industries Holdings, Inc. CF$17.5 billion8.4338.1%41.6%17.9%0.561.8%
RPM International Inc. RPM$13.2 billion19.1419.8%n/a6.0%0.69n/a
Albemarle Corp. ALB$11.7 billion23.976.5%10.0%24.4%0.181.6%
Solstice Advanced Materials Inc. SOLS$9.1 billion28.4320.8%n/an/a1.48n/a
Westlake Corp. WLK$8.1 billionn/a-5.2%-3.8%-0.4%0.583.3%
Axalta Coating Systems Ltd. AXTA$7.8 billion23.5212.7%12.4%0.1%1.14n/a
Element Solutions Inc. ESI$7.6 billion36.887.1%11.7%39.6%0.721.0%
Eastman Chemical Co. EMN$7.4 billion11.4410.3%n/a0.3%0.835.2%
Mosaic Co. MOS$7.1 billionn/a-9.9%-5.1%0.0%0.563.9%
Newmarket Corp. NEU$6.4 billion14.0723.7%20.2%0.9%0.431.7%
Hexcel Corp. HXL$6.1 billion36.0412.9%12.2%7.6%0.710.9%
Balchem Corp. BCPC$5.5 billion32.8412.9%20.7%9.4%0.110.6%
Celanese Corp. CE$5.1 billion19.626.1%7.9%1.4%2.740.3%
Sensient Technologies Corp. SXT$5.1 billion30.0013.2%14.5%9.5%0.611.4%
Perimeter Group Inc. PRM$4.8 billion227.124.2%14.5%30.7%0.91n/a
CSW Industrials, Inc. CSW$4.4 billion34.9311.4%16.9%30.0%0.680.4%
Avient Corp. AVNT$4.2 billion23.347.3%9.7%5.2%0.742.4%
Scotts Miracle-Gro Co. SMG$3.8 billion56.26n/a11.8%-2.0%n/a4.1%
Cabot Corp. CBT$3.7 billion19.9611.8%13.6%-4.7%0.792.6%
WD-40 Co. WDFC$3.0 billion36.3530.2%15.8%11.0%0.321.8%
H.B. Fuller Co. FUL$2.7 billion13.909.1%n/a1.5%0.951.9%
Rogers Corp. ROG$2.2 billion48.213.7%7.9%6.7%0.00n/a
Ingevity Corp. NGVT$2.0 billion35.3194.9%n/a-6.5%18.18n/a
Olin Corp. OLN$2.0 billionn/a-13.1%-1.9%-0.7%1.754.6%
Innospec Inc. IOSP$1.9 billion13.7710.2%8.8%4.7%0.002.2%
Chemours Co. CC$1.9 billionn/a-99.4%0.6%0.1%24.732.7%
Minerals Technologies Inc. MTX$1.9 billionn/a-4.3%-1.6%4.8%0.610.8%
Huntsman Corp. HUN$1.6 billionn/a-6.5%0.0%6.5%0.773.7%
REX American Resources Corp. REX$1.3 billion10.8017.9%n/a1.3%0.00n/a
CVR Partners, LP UAN$1.2 billion10.88n/a20.6%7.3%n/an/a
Ecovyst Inc. ECVT$1.1 billion32.726.0%8.5%44.6%0.81n/a
Green Plains Inc. GPRE$933 million5.4020.7%10.7%-19.1%0.50n/a
Flotek Industries Inc. FTK$886 million30.5721.6%13.2%59.3%0.54n/a
FMC Corp. FMC$874 millionn/an/a-97.0%-22.0%n/a32.4%
Kronos Worldwide Inc. KRO$857 millionn/a-4.8%2.2%8.7%0.692.7%
LSB Industries, Inc. LXU$764 million17.108.2%11.2%13.0%0.79n/a
Westlake Chemical Partners LP WLKP$751 millionn/an/a29.0%9.4%n/an/a
Luxfer Holdings plc LXFR$463 millionn/an/an/an/a0.26n/a
Valhi Inc. VHI$456 million322.000.1%6.1%9.0%0.522.0%
AdvanSix Inc. ASIX$453 millionn/a-2.9%n/a8.4%0.343.8%
Tronox Holdings plc TROX$399 millionn/a-44.9%-5.1%12.0%2.858.0%
NLI Holdings, Inc. NL$351 millionn/a-1.3%9.8%4.3%0.005.4%
Gevo, Inc. GEVO$344 millionn/a-77.9%-102.8%121.4%0.61n/a
PureCycle Technologies, Inc. PCT$335 millionn/a-1,014.3%-1,313.8%141.7%7.93n/a
Alto Ingredients, Inc. ALTO$291 million5.8618.6%2.7%4.1%0.21n/a
ASP Isotopes Inc. ASPI$269 millionn/a-44.3%-321.1%573.4%0.99n/a
FutureFuel Corp. FF$233 millionn/a-20.0%-20.8%-7.6%0.00n/a
Orion S.A. OEC$224 millionn/a-8.1%4.0%0.9%2.482.0%
Lightbridge Corp. LTBR$163 millionn/a-11.7%n/an/a0.00n/a
Comstock Inc. LODE$148 millionn/a-35.6%-3,535.2%-52.2%0.08n/a
Ascent Industries Co. ACNT$124 millionn/a-1.2%-2.7%-6.1%0.010.0%
Aemetis, Inc. AMTX$120 millionn/an/a7.2%23.6%n/an/a
Arq, Inc. ARQ$112 millionn/a-28.7%-38.8%7.3%0.17n/a
Codexis, Inc. CDXS$101 millionn/a-93.2%-35.6%35.9%1.24n/a
Flexible Solutions International Inc. FSI$79 millionn/a-8.4%-2.6%-4.7%0.16n/a
4 companies share its SEC industry code (Agricultural Chemicals); the rest are the names nearest in size in its wider industry, Chemicals, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on CF

Dividends$2.10 a share over the four quarters to 30 September 2026, a 1.76% yield
Filings24 in twelve months: 17 current reports (8-K), about 8 results of operations; 5 officer or director change; 2 regulation FD disclosure; 2 other events; 1 shareholder vote
Planned insider sales28 Form 144 notices in twelve months, $72.9 million; latest 22 May 2026
Options tapeput/call 0.82 by open interest at the 6 November 2026 close; the straddle prices a 5.0% move to 13 November 2026
13F holders972 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading36 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest8.8 million shares short, 3.26 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 8 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20265 November 2026EDGAR
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20248 August 2024EDGAR

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