CF · Cf Industries Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.99B | - | $1.66B | $1.89B | $1.66B | - | $1.37B | $1.57B | $1.47B | - |
| Cost of Revenue | $1.24B | - | $1.03B | $1.14B | $1.09B | - | $926.00M | $893.00M | $1.06B | - |
| Gross Profit | $746.00M | - | $632.00M | $755.00M | $572.00M | - | $444.00M | $679.00M | $409.00M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $103.00M | - | $88.00M | $101.00M | $84.00M | - | $78.00M | $76.00M | $88.00M | - |
| Total Operating Expenses | - | - | $58.00M | $109.00M | $121.00M | - | $82.00M | $38.00M | $108.00M | - |
| D&A | $228.00M | - | - | - | $221.00M | - | - | - | $253.00M | - |
| Operating Income | $863.00M | - | $580.00M | $648.00M | $455.00M | - | $364.00M | $638.00M | $303.00M | - |
| Interest Expense | $39.00M | - | $41.00M | $36.00M | $37.00M | - | $0 | $37.00M | $37.00M | - |
| Income Tax | $168.00M | - | $105.00M | $143.00M | $86.00M | - | $59.00M | $123.00M | $62.00M | - |
| Net Income | $615.00M | - | $353.00M | $386.00M | $312.00M | - | $276.00M | $420.00M | $194.00M | - |
| EPS - Basic | $3.99 | - | $2.19 | $2.37 | $1.85 | - | $1.55 | $2.30 | $1.03 | - |
| EPS - Diluted | $3.98 | - | $2.19 | $2.37 | $1.85 | - | $1.55 | $2.30 | $1.03 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.04B | $1.98B | $1.84B | $1.69B | $1.41B | $1.61B | $1.88B | $1.82B | $1.77B | $2.03B |
| Accounts Receivable | $488.00M | $488.00M | $602.00M | $586.00M | $582.00M | $404.00M | $482.00M | $531.00M | $505.00M | $505.00M |
| Inventory | $371.00M | $383.00M | $367.00M | $316.00M | $351.00M | $314.00M | $301.00M | $302.00M | $271.00M | $299.00M |
| Accounts Payable | - | $148.00M | - | - | - | $125.00M | - | - | - | $114.00M |
| Current Assets | $3.39B | $2.98B | $2.98B | $2.68B | $2.43B | $2.52B | $2.85B | $2.80B | $2.72B | $3.05B |
| Total Assets | $14.61B | $14.09B | $14.20B | $13.75B | $13.31B | $13.47B | $13.84B | $13.78B | $13.86B | $14.38B |
| Current Liabilities | $958.00M | $887.00M | $1.31B | $830.00M | $939.00M | $818.00M | $1.01B | $596.00M | $690.00M | $800.00M |
| Long-term Debt | $3.22B | $3.21B | $2.97B | $2.97B | $2.97B | $2.97B | $2.97B | $2.97B | $2.97B | $2.97B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $5.34B | $4.84B | $4.85B | $4.96B | $4.78B | $4.99B | $5.19B | $5.46B | $5.44B | $5.72B |
| Retained Earnings | $4.41B | $3.87B | $4.20B | $3.92B | $4.21B | $4.01B | $4.53B | $4.36B | $4.63B | $4.54B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $496.00M | - | - | - | $586.00M | - | - | - | $445.00M | - |
| Investing Cash Flow | ($225.00M) | - | - | - | ($126.00M) | - | - | - | ($100.00M) | - |
| Financing Cash Flow | ($199.00M) | - | - | - | ($671.00M) | - | - | - | ($602.00M) | - |
| CapEx | $223.00M | - | - | - | $132.00M | - | - | - | $98.00M | - |
| Free Cash Flow | $273.00M | - | - | - | $454.00M | - | - | - | $347.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 37.6% | - | 38.1% | 39.9% | 34.4% | - | 32.4% | 43.2% | 27.8% | - |
| Operating margin | 43.5% | - | 35.0% | 34.3% | 27.4% | - | 26.6% | 40.6% | 20.6% | - |
| EBITDA margin | 54.9% | - | - | - | 40.6% | - | - | - | 37.8% | - |
| Net margin | 31.0% | - | 21.3% | 20.4% | 18.8% | - | 20.1% | 26.7% | 13.2% | - |
| Free cash flow margin | 13.7% | - | - | - | 27.3% | - | - | - | 23.6% | - |
| FCF / Net income | 0.44 | - | - | - | 1.46 | - | - | - | 1.79 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 5.2% | - | 5.3% | 5.3% | 5.1% | - | 5.7% | 4.8% | 6.0% | - |
| Effective tax rate | 21.5% | - | 22.9% | 27.0% | 21.6% | - | 17.6% | 22.7% | 24.2% | - |
| Return on assets | 4.2% | - | 2.5% | 2.8% | 2.3% | - | 2.0% | 3.0% | 1.4% | - |
| Return on equity | 11.5% | - | 7.3% | 7.8% | 6.5% | - | 5.3% | 7.7% | 3.6% | - |
| Return on invested capital | 7.9% | - | 5.7% | 6.0% | 4.6% | - | 3.7% | 5.9% | 2.7% | - |
| Liquidity | ||||||||||
| Current ratio | 3.54 | 3.37 | 2.27 | 3.22 | 2.59 | 3.08 | 2.81 | 4.70 | 3.94 | 3.81 |
| Quick ratio | 3.15 | 2.93 | 1.99 | 2.84 | 2.22 | 2.70 | 2.52 | 4.19 | 3.55 | 3.44 |
| Cash ratio | 2.13 | 2.23 | 1.40 | 2.03 | 1.50 | 1.97 | 1.85 | 3.05 | 2.57 | 2.54 |
| Leverage | ||||||||||
| Debt / Equity | 0.60 | 0.66 | 0.61 | 0.60 | 0.62 | 0.60 | 0.57 | 0.54 | 0.55 | 0.52 |
| Debt / Assets | 0.22 | 0.23 | 0.21 | 0.22 | 0.22 | 0.22 | 0.21 | 0.22 | 0.21 | 0.21 |
| Debt / EBITDA | 2.95 | - | - | - | 4.40 | - | - | - | 5.34 | - |
| Interest coverage | 22.1x | - | 14.1x | 18.0x | 12.3x | - | - | 17.2x | 8.2x | - |
| Equity multiplier | 2.73 | 2.91 | 2.93 | 2.77 | 2.78 | 2.70 | 2.67 | 2.52 | 2.55 | 2.51 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.12 | 0.14 | 0.12 | - | 0.10 | 0.11 | 0.11 | - |
| Inventory turnover | 3.34 | - | 2.80 | 3.59 | 3.11 | - | 3.08 | 2.96 | 3.92 | - |
| Days sales outstanding | 90d | - | 132d | 113d | 128d | - | 128d | 123d | 125d | - |
| Days inventory outstanding | 109d | - | 130d | 102d | 117d | - | 119d | 123d | 93d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 32.6x | - | 41.0x | 38.8x | 42.2x | - | 55.4x | 32.2x | 80.8x | - |
| P / B | 3.8x | - | 3.0x | 3.0x | 2.8x | - | 3.0x | 2.5x | 2.9x | - |
| P / S | 10.1x | - | 8.7x | 7.9x | 7.9x | - | 11.2x | 8.6x | 10.6x | - |
| EV / EBITDA | 19.5x | - | - | - | 21.8x | - | - | - | 30.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 19.4% | - | 21.1% | 20.2% | 13.1% | - | 7.6% | -11.4% | -26.9% | - |
| Revenue CAGR (3y) | -0.4% | - | -10.6% | -17.7% | -16.6% | - | 0.2% | -0.3% | 11.9% | - |
| Revenue CAGR (5y) | 13.6% | - | 14.4% | 9.4% | 11.4% | - | 5.7% | 0.9% | 8.0% | - |
| Gross profit growth (YoY) | 30.4% | - | 42.3% | 11.2% | 39.9% | - | 17.8% | -15.5% | -52.6% | - |
| Operating income growth (YoY) | 89.7% | - | 59.3% | 1.6% | 50.2% | - | 49.2% | -13.1% | -63.3% | - |
| Net income growth (YoY) | 97.1% | - | 27.9% | -8.1% | 60.8% | - | 68.3% | -20.3% | -65.4% | - |
| EPS growth (YoY) | 115.1% | - | 41.3% | 3.0% | 79.6% | - | 82.4% | -14.8% | -63.9% | - |
| EPS CAGR (3y) | 11.8% | - | 0.2% | -24.8% | -24.0% | - | - | 26.4% | 13.7% | - |
| EPS CAGR (5y) | 41.6% | - | - | 21.6% | 42.9% | - | 39.8% | 12.4% | 20.8% | - |
| FCF growth (YoY) | -39.9% | - | - | - | 30.8% | - | - | - | -60.5% | - |
| FCF CAGR (5y) | -11.6% | - | - | - | 15.1% | - | - | - | 9.0% | - |
| Book value growth (YoY) | 11.8% | -2.9% | -6.6% | -9.1% | -12.1% | -12.8% | -9.2% | -5.9% | -0.2% | 13.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$7.63B totalAmmonia$2.18B · 28.5%
UAN$2.16B · 28.3%
Urea$1.78B · 23.3%
Other Products$545.00M · 7.1%
All Other Segments$545.00M · 7.1%
Ammonium Nitrate Segment$421.00M · 5.5%
Product / service
$80.00M totalCargo And Freight$80.00M · 100.0%
Geographic
$11.01B totalUS$5.34B · 48.5%
Non Us$1.75B · 15.9%
North America$1.70B · 15.5%
All Regions Outside Of USAnd Canada$712.00M · 6.5%
CA$598.00M · 5.4%
Europeand Other$474.00M · 4.3%
GB$378.00M · 3.4%
North Americaexcluding United Statesand Canada$58.00M · 0.5%
Peer comparison
Same SIC group: Agricultural Chemicals
Comparing CF Industries Holdings against the 5 most active filers in the same SIC group.
Dividends
$2.00/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 15, 2026 | $0.5000 |
| Feb 13, 2026 | $0.5000 |
| Nov 14, 2025 | $0.5000 |
| Aug 15, 2025 | $0.5000 |
| May 15, 2025 | $0.5000 |
| Feb 14, 2025 | $0.5000 |
| Nov 15, 2024 | $0.5000 |
| Aug 15, 2024 | $0.5000 |
| May 14, 2024 | $0.5000 |
| Feb 14, 2024 | $0.5000 |
| Nov 14, 2023 | $0.4000 |
| Aug 14, 2023 | $0.4000 |
| May 12, 2023 | $0.4000 |
| Feb 14, 2023 | $0.4000 |
| Nov 14, 2022 | $0.4000 |
| Aug 12, 2022 | $0.4000 |
| May 13, 2022 | $0.4000 |
| Feb 14, 2022 | $0.3000 |
| Nov 12, 2021 | $0.3000 |
| Aug 13, 2021 | $0.3000 |
| May 14, 2021 | $0.3000 |
| Feb 12, 2021 | $0.3000 |
| Nov 13, 2020 | $0.3000 |
| Aug 14, 2020 | $0.3000 |