Friday 6 November 2026 Export CF’s income statement to Excel — free account

CF Industries Holdings, Inc.

CF Industries Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.1 billion, up 19.3% from fiscal 2024.

Revenue: +12.1%
EPS: +31.5%
Free cash flow: +23.9%
Total debt: +8.17%

Quarter to September 2026, against a year earlier

118.78 0.21 +0.18%

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Market cap: $17.9B
P/E: 8.3×
Fwd P/E: 8.0×
Dividend yield: 1.77%
F-score: 8/9
Altman Z: 2.80
Beneish M: −2.67
Dividend safety: 82/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
P/E ratio Full definition →	8.58	12.60	10.38	5.00	16.58	26.33	21.41	35.09	28.20	0.00
Piotroski F-Score Full definition →	8	5	6	9	8	6	8	6	6	5
P/S ratio Full definition →	1.77	2.59	2.38	1.49	2.33	2.02	2.29	2.29	2.44	2.02
Altman Z-Score Full definition →	2.80	3.01	3.14	4.73	2.78	1.56	1.87	1.75	1.58	1.16
Altman Z″-Score (non-manufacturers) Full definition →	4.26	4.03	4.56	6.50	3.10	2.04	2.15	2.20	2.17	2.21
P/FCF ratio Full definition →	6.93	8.77	6.98	4.90	6.45	9.00	8.98	9.19	8.55	0.00
Beneish M-Score Full definition →	(2.67)	(2.94)	(2.51)	(2.11)	(2.66)	(2.51)	(2.81)	(3.36)	(1.96)	(2.59)
P/Operating CF Full definition →	23.26	36.65	32.87	28.48	10.28	28.69	34.81	39.84	43.80	285.73
Dividend Safety Score Full definition →	82	—	—	—	—	—	—	—	—	—
P/B ratio Full definition →	1.61	2.03	1.88	2.12	2.52	1.48	1.86	1.77	1.51	1.14
Price to Tangible BV Full definition →	2.61	3.35	2.95	2.90	3.86	2.58	3.21	3.00	2.34	1.79
EV/Sales Full definition →	2.01	2.91	2.60	1.59	2.62	2.81	3.11	3.37	3.57	3.27
EV/EBITDA Full definition →	4.46	6.46	5.55	2.85	6.55	7.65	7.60	9.03	13.19	14.75
EV/Operating CF Full definition →	5.18	7.59	6.24	4.62	5.97	9.42	9.48	9.98	9.03	19.51
EV/FCF Full definition →	7.89	9.82	7.62	5.23	7.26	12.55	12.19	13.56	12.50	(7.62)
Quick Ratio Full definition →	2.78	2.47	3.17	2.92	1.48	1.05	0.80	1.30	1.97	2.05
Current Ratio Full definition →	3.37	3.08	3.81	3.69	1.81	1.51	1.46	1.81	2.53	3.87
Net Debt/EBITDA Full definition →	0.39	0.51	0.30	0.10	0.70	2.16	2.00	2.43	3.45	5.65
Debt/Assets Full definition →	22.82%	22.06%	20.65%	22.27%	28.00%	32.95%	33.25%	37.11%	34.85%	38.19%
Debt/Equity Full definition →	0.41	0.39	0.35	0.38	0.57	0.71	0.72	0.82	0.70	0.89
Asset Turnover Full definition →	0.51	0.43	0.48	0.87	0.54	0.34	0.37	0.34	0.29	0.27
Operating CF/Net income Full definition →	1.89	1.86	1.81	1.15	3.13	3.88	3.05	5.16	4.56	(2.23)
Capex/Depreciation Full definition →	(1.05)	(0.56)	(0.57)	(0.53)	(0.58)	(0.34)	(0.38)	(0.45)	(0.51)	(3.24)
Interest Coverage Full definition →	14.84	14.43	14.87	15.69	9.40	3.48	4.23	3.18	0.74	0.69
ROE Full definition →	18.94%	15.26%	18.80%	48.18%	15.76%	5.64%	8.67%	4.67%	5.43%	(5.09%)
ROA Full definition →	10.56%	8.75%	11.02%	26.05%	7.52%	2.62%	3.97%	2.22%	2.50%	(1.99%)
ROIC Full definition →	15.96%	12.19%	14.97%	39.71%	13.73%	4.38%	6.67%	4.91%	1.39%	0.78%
Return on Tangible Assets Full definition →	16.51%	14.44%	16.24%	36.71%	11.13%	3.92%	5.81%	3.15%	3.56%	(2.38%)
Average Days of Receivables Full definition →	25.14	24.84	27.80	18.99	27.75	23.45	19.24	19.37	27.13	23.38
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	5.14%	5.39%	4.36%	2.59%	3.41%	5.00%	5.21%	4.83%	4.62%	4.69%
Intangible Assets out of Total Assets Full definition →	0.21	0.22	0.21	0.16	0.17	0.20	0.19	0.19	0.18	0.16
Share Based Compensation of Revenue Full definition →	0.64%	0.61%	0.56%	0.37%	0.46%	0.61%	0.61%	0.50%	0.41%	0.52%
Graham Net Nets Full definition →	(0.27)	(0.22)	(0.19)	(0.11)	(0.25)	(0.61)	(0.53)	(0.56)	(0.53)	(0.81)
Graham Number Full definition →	98.61	80.07	87.52	119.32	51.94	29.37	35.84	26.22	31.39	0.00
Earnings Yield Full definition →	11.65%	7.93%	9.63%	19.99%	6.03%	3.80%	4.67%	2.85%	3.55%	(3.73%)
Free Cash Flow Yield Full definition →	14.42%	11.41%	14.32%	20.43%	15.51%	11.11%	11.14%	10.88%	11.69%	(21.27%)
Revenue per Share Full definition →	43.70	32.90	34.30	55.02	30.41	19.19	20.84	19.04	17.69	15.81
Operating CF per Share Full definition →	16.98	12.59	14.26	18.96	13.36	5.73	6.83	6.44	6.99	2.65
Capex per Share Full definition →	(5.82)	(2.85)	(2.58)	(2.22)	(2.39)	(1.43)	(1.52)	(1.70)	(1.94)	(9.43)
Free Cash Flow per Share Full definition →	11.15	9.73	11.69	16.74	10.98	4.30	5.32	4.73	5.05	(6.78)
Cash per Share Full definition →	12.23	8.95	10.51	11.43	7.57	3.18	1.30	2.93	3.58	5.02
Shareholders Equity per Share Full definition →	47.96	42.08	43.32	38.63	28.07	26.07	25.60	24.64	28.63	27.85
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	47.96	42.08	43.32	38.63	28.07	26.07	25.60	24.64	28.63	27.85
Free Cash Flow Full definition →	1,808.00	1,756.00	2,259.00	3,403.00	2,360.00	924.00	1,171.00	1,101.00	1,178.00	(1,580.00)
Working Capital Full definition →	2,098.00	1,702.00	2,250.00	2,678.00	1,161.00	461.00	309.00	569.00	885.00	1,969.00
Capital Expenditures Full definition →	(944.00)	(515.00)	(498.00)	(452.00)	(513.00)	(307.00)	(334.00)	(396.00)	(453.00)	(2,197.00)
Net Current Asset Value Full definition →	(3,328.00)	(3,354.00)	(2,953.00)	(1,787.00)	(3,746.00)	(5,053.00)	(5,561.00)	(5,656.00)	(5,314.00)	(5,984.00)
EV/EBIT Full definition →	6.20	9.88	7.72	3.30	9.92	18.61	14.23	19.50	62.94	87.23
Capex to Sales Full definition →	0.13	0.09	0.08	0.04	0.08	0.07	0.07	0.09	0.11	0.60
Price to Operating Income Full definition →	5.45	8.82	7.07	3.09	8.80	13.35	10.48	13.21	43.05	53.83
Other line items
Depreciation/Fixed assets Full definition →	0.13	0.14	0.12	0.13	0.13	0.12	0.11	0.10	0.10	0.07
Cash ROIC Full definition →	13.94%	14.42%	16.89%	25.90%	21.21%	9.02%	11.74%	9.91%	9.65%	(11.76%)
Accounts Receivable Turnover Full definition →	15.88	13.06	12.20	20.73	17.16	16.27	19.25	16.34	15.21	14.65
Accounts Payable Turnover Full definition →	6.79	6.91	7.46	9.34	8.39	7.72	6.96	6.91	6.66	3.65
Inventory Turnover Full definition →	12.51	12.66	10.57	12.07	11.95	10.42	10.35	12.03	12.04	8.61
Average Days of Payables Full definition →	57.01	56.73	46.45	39.41	49.68	46.57	46.69	56.64	46.61	81.94
Days of Inventory on Hand Full definition →	32.06	29.54	26.71	32.49	35.88	31.52	37.50	32.11	27.16	43.54
Average Receivables Full definition →	446.00	454.50	543.50	539.50	381.00	253.50	238.50	271.00	271.50	251.50
Average Payables Full definition →	642.00	561.50	547.50	570.00	494.50	430.50	491.00	508.50	555.00	778.00
Average Inventory Full definition →	348.50	306.50	386.50	441.00	347.50	319.00	330.00	292.00	307.00	330.00
Average Assets Full definition →	13,777.00	13,921.00	13,844.50	12,844.00	12,199.00	12,097.50	12,416.50	13,062.00	14,297.00	13,907.00
Average Common Equity Full definition →	7,683.50	7,982.50	8,113.00	6,944.50	5,819.50	5,620.00	5,684.00	6,207.50	6,588.00	5,439.50

Show all line items

Columns are period end dates · fundamentals updated 5 Nov 2026

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