Saturday 17 October 2026
Export CF’s income statement to Excel — free account
CF Industries Holdings, Inc.
CF Basic Materials Agricultural Inputs
CF Industries Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.1 billion, up 19.3% from fiscal 2024. In the quarter to June 2026, revenue grew 17.6%, EPS grew 100.0%, free cash flow grew 88.8% and total debt rose 8.17%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
120.85
1.08
+0.90%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
8.58 | 12.60 | 10.38 | 5.00 | 16.58 | 26.33 | 21.41 | 35.09 | 28.20 | 0.00 |
Piotroski F-Score |
8 | 5 | 6 | 9 | 8 | 6 | 8 | 6 | 6 | 5 |
P/S ratio |
1.77 | 2.59 | 2.38 | 1.49 | 2.33 | 2.02 | 2.29 | 2.29 | 2.44 | 2.02 |
Altman Z-Score |
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) |
4.26 | 4.03 | 4.56 | 6.50 | 3.10 | 2.04 | 2.15 | 2.20 | 2.17 | 2.21 |
P/FCF ratio |
6.93 | 8.77 | 6.98 | 4.90 | 6.45 | 9.00 | 8.98 | 9.19 | 8.55 | 0.00 |
Beneish M-Score |
(2.67) | (2.94) | (2.51) | (2.11) | (2.66) | (2.51) | (2.81) | (3.36) | (1.96) | (2.59) |
P/Operating CF |
23.26 | 36.65 | 32.87 | 28.48 | 10.28 | 28.69 | 34.81 | 39.84 | 43.80 | 285.73 |
Dividend Safety Score |
82 | — | — | — | — | — | — | — | — | — |
P/B ratio |
1.61 | 2.03 | 1.88 | 2.12 | 2.52 | 1.48 | 1.86 | 1.77 | 1.51 | 1.14 |
Price to Tangible BV |
2.61 | 3.35 | 2.95 | 2.90 | 3.86 | 2.58 | 3.21 | 3.00 | 2.34 | 1.79 |
EV/Sales |
2.01 | 2.91 | 2.60 | 1.59 | 2.62 | 2.81 | 3.11 | 3.37 | 3.57 | 3.27 |
EV/EBITDA |
4.46 | 6.46 | 5.55 | 2.85 | 6.55 | 7.65 | 7.60 | 9.03 | 13.19 | 14.75 |
EV/Operating CF |
5.18 | 7.59 | 6.24 | 4.62 | 5.97 | 9.42 | 9.48 | 9.98 | 9.03 | 19.51 |
EV/FCF |
7.89 | 9.82 | 7.62 | 5.23 | 7.26 | 12.55 | 12.19 | 13.56 | 12.50 | (7.62) |
Quick Ratio |
2.78 | 2.47 | 3.17 | 2.92 | 1.48 | 1.05 | 0.80 | 1.30 | 1.97 | 2.05 |
Current Ratio |
3.37 | 3.08 | 3.81 | 3.69 | 1.81 | 1.51 | 1.46 | 1.81 | 2.53 | 3.87 |
Net Debt/EBITDA |
0.39 | 0.51 | 0.30 | 0.10 | 0.70 | 2.16 | 2.00 | 2.43 | 3.45 | 5.65 |
Debt/Assets |
22.82% | 22.06% | 20.65% | 22.27% | 28.00% | 32.95% | 33.25% | 37.11% | 34.85% | 38.19% |
Debt/Equity |
0.41 | 0.39 | 0.35 | 0.38 | 0.57 | 0.71 | 0.72 | 0.82 | 0.70 | 0.89 |
Asset Turnover |
0.51 | 0.43 | 0.48 | 0.87 | 0.54 | 0.34 | 0.37 | 0.34 | 0.29 | 0.27 |
Operating CF/Net income |
1.89 | 1.86 | 1.81 | 1.15 | 3.13 | 3.88 | 3.05 | 5.16 | 4.56 | (2.23) |
Capex/Depreciation |
(1.05) | (0.56) | (0.57) | (0.53) | (0.58) | (0.34) | (0.38) | (0.45) | (0.51) | (3.24) |
Interest Coverage |
14.84 | 14.43 | 14.87 | 15.69 | 9.40 | 3.48 | 4.23 | 3.18 | 0.74 | 0.69 |
| 18.94% | 15.26% | 18.80% | 48.18% | 15.76% | 5.64% | 8.67% | 4.67% | 5.43% | (5.09%) | |
| 10.56% | 8.75% | 11.02% | 26.05% | 7.52% | 2.62% | 3.97% | 2.22% | 2.50% | (1.99%) | |
ROIC |
15.96% | 12.19% | 14.97% | 39.71% | 13.73% | 4.38% | 6.67% | 4.91% | 1.39% | 0.78% |
Return on Tangible Assets |
16.51% | 14.44% | 16.24% | 36.71% | 11.13% | 3.92% | 5.81% | 3.15% | 3.56% | (2.38%) |
Average Days of Receivables |
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 |
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 |
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 |
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 |
0.64% | 0.61% | 0.56% | 0.37% | 0.46% | 0.61% | 0.61% | 0.50% | 0.41% | 0.52% |
Graham Net Nets |
(0.27) | (0.22) | (0.19) | (0.11) | (0.25) | (0.61) | (0.53) | (0.56) | (0.53) | (0.81) |
Graham Number |
98.61 | 80.07 | 87.52 | 119.32 | 51.94 | 29.37 | 35.84 | 26.22 | 31.39 | 0.00 |
Earnings Yield |
11.65% | 7.93% | 9.63% | 19.99% | 6.03% | 3.80% | 4.67% | 2.85% | 3.55% | (3.73%) |
Free Cash Flow Yield |
14.42% | 11.41% | 14.32% | 20.43% | 15.51% | 11.11% | 11.14% | 10.88% | 11.69% | (21.27%) |
Revenue per Share |
43.70 | 32.90 | 34.30 | 55.02 | 30.41 | 19.19 | 20.84 | 19.04 | 17.69 | 15.81 |
Operating CF per Share |
16.98 | 12.59 | 14.26 | 18.96 | 13.36 | 5.73 | 6.83 | 6.44 | 6.99 | 2.65 |
Capex per Share |
(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 |
11.15 | 9.73 | 11.69 | 16.74 | 10.98 | 4.30 | 5.32 | 4.73 | 5.05 | (6.78) |
Cash per Share |
12.23 | 8.95 | 10.51 | 11.43 | 7.57 | 3.18 | 1.30 | 2.93 | 3.58 | 5.02 |
Shareholders Equity per Share |
47.96 | 42.08 | 43.32 | 38.63 | 28.07 | 26.07 | 25.60 | 24.64 | 28.63 | 27.85 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
47.96 | 42.08 | 43.32 | 38.63 | 28.07 | 26.07 | 25.60 | 24.64 | 28.63 | 27.85 |
Free Cash Flow |
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 |
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 |
(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 |
(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 |
6.20 | 9.88 | 7.72 | 3.30 | 9.92 | 18.61 | 14.23 | 19.50 | 62.94 | 87.23 |
Capex to Sales |
0.13 | 0.09 | 0.08 | 0.04 | 0.08 | 0.07 | 0.07 | 0.09 | 0.11 | 0.60 |
Price to Operating Income |
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 |
0.13 | 0.14 | 0.12 | 0.13 | 0.13 | 0.12 | 0.11 | 0.10 | 0.10 | 0.07 |
Cash ROIC |
13.94% | 14.42% | 16.89% | 25.90% | 21.21% | 9.02% | 11.74% | 9.91% | 9.65% | (11.76%) |
Accounts Receivable Turnover |
15.88 | 13.06 | 12.20 | 20.73 | 17.16 | 16.27 | 19.25 | 16.34 | 15.21 | 14.65 |
Accounts Payable Turnover |
6.79 | 6.91 | 7.46 | 9.34 | 8.39 | 7.72 | 6.96 | 6.91 | 6.66 | 3.65 |
Inventory Turnover |
12.51 | 12.66 | 10.57 | 12.07 | 11.95 | 10.42 | 10.35 | 12.03 | 12.04 | 8.61 |
Average Days of Payables |
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 |
32.06 | 29.54 | 26.71 | 32.49 | 35.88 | 31.52 | 37.50 | 32.11 | 27.16 | 43.54 |
Average Receivables |
446.00 | 454.50 | 543.50 | 539.50 | 381.00 | 253.50 | 238.50 | 271.00 | 271.50 | 251.50 |
Average Payables |
642.00 | 561.50 | 547.50 | 570.00 | 494.50 | 430.50 | 491.00 | 508.50 | 555.00 | 778.00 |
Average Inventory |
348.50 | 306.50 | 386.50 | 441.00 | 347.50 | 319.00 | 330.00 | 292.00 | 307.00 | 330.00 |
Average Assets |
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 |
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 |
Columns are period end dates