Saturday 17 October 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. 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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Market cap: $18.1B
P/E: 8.9×
Fwd P/E: 6.2×
Dividend yield: 1.74%
F-score: 8/9
Altman Z: 2.80
Beneish M: −2.67
Dividend safety: 82/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Impairment Aug 6, 2026

All filings →

Insider Decisions trades per month

Total sells 72.18

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	5	20	—	—	—	—	—	—	—

Insider Ownership 2.04%

Capital & Financial Ratios $m

Market Cap 18,130.00

Revenue 7,739.00

Net Income 2,500.00

Free Cash Flow 1,911.00

Net Debt 736.00

Current Ratio 4.86

Debt/Equity 0.36

P/E ratio 8.94

Fwd P/E 6.23

P/S ratio 2.40

P/B ratio 2.08

Past 5Y EPS Growth 43.58%

This Y EPS Growth 56.02%

Next Y EPS Growth (24.47%)

Next Y revenue growth 16.97%

Next 5Y EPS Growth (2.18%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 17.14%

10-year low 10-year high

P/S against its own 10 years 75.27%

10-year low 10-year high

P/B against its own 10 years 80.61%

10-year low 10-year high

EV/Sales against its own 10 years 38.15%

10-year low 10-year high

EV/FCF against its own 10 years 51.18%

10-year low 10-year high

Dividends

Payout Ratio 0.16

Annual Dividend Rate 2.10

Annual Dividend Yield 1.74%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.15	0.50 0.50 0.60
2025	2.00	0.50 0.50 0.50 0.50
2024	2.00	0.50 0.50 0.50 0.50
2023	1.60	0.40 0.40 0.40 0.40
2022	1.50	0.30 0.40 0.40 0.40
2021	1.20	0.30 0.30 0.30 0.30
2020	1.20	0.30 0.30 0.30 0.30
2019	1.20	0.30 0.30 0.30 0.30
2018	1.20	0.30 0.30 0.30 0.30
2017	1.20	0.30 0.30 0.30 0.30
2016	1.20	0.30 0.30 0.30 0.30

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,032	1,614	1,982	2,480
Receivables	505	404	488	718
Inventory	299	314	383	415
Other	47	43	27	40
	3,050	2,520	2,985	3,752

	2023	2024	2025	Q'26
Payables	520	603	681	642
ST’ Debt	—	—	—	—
Other	172	127	96	26
	800	818	887	772

Compound Annual Growth %

	10y	5y	3y
Sales	5.10%	11.43%	(14.12%)
Cash Flow	8.59%	17.46%	(10.63%)
Earnings	7.59%	35.63%	(24.24%)
Book Value	5.89%	6.77%	(0.33%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,986	2,222	—	—	—
’25	1,663	1,890	1,659	1,872	7,084
’24	1,470	1,572	1,370	1,524	5,936
’23	2,012	1,775	1,273	1,571	6,631
’22	2,868	3,389	2,321	2,608	11,186
’21	1,048	1,588	1,362	2,540	6,538
’20	971	1,204	847	1,102	4,124

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	496	878	—	—	—
’25	586	563	1,064	539	2,752
’24	445	475	931	420	2,271
’23	947	712	618	480	2,757
’22	1,391	889	990	585	3,855
’21	578	128	687	1,480	2,873
’20	292	426	223	290	1,231

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	273	608	—	—	—
’25	456	322	717	313	1,808
’24	347	391	792	226	1,756
’23	878	618	471	292	2,259
’22	1,329	823	800	451	3,403
’21	507	18	486	1,349	2,360
’20	225	374	138	187	924

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	3.98	4.73	—	—	—
’25	1.85	2.37	2.19	2.59	8.97
’24	1.03	2.30	1.55	1.89	6.74
’23	2.85	2.70	0.85	1.44	7.87
’22	4.21	5.58	2.18	4.35	16.38
’21	0.70	1.14	(0.86)	3.27	4.24
’20	0.31	0.89	(0.13)	0.40	1.47

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	20.77	25.04	35.70	38.90	19.73	38.06	63.10	60.08	69.13	67.34	Analyst estimates 2026–2028 Powerpack
	High	40.95	43.42	56.51	55.15	48.19	74.77	119.60	91.23	94.46	104.45
People
People	Employees	3,000	3,000	3,000	3,000	3,000	3,000	2,700	2,700	2,800	2,900
	Revenue/emp, $m	1.23	1.38	1.48	1.53	1.37	2.18	4.14	2.46	2.12	2.44
Income, $m
Income, $m	Revenue	3,685	4,130	4,429	4,590	4,124	6,538	11,186	6,631	5,936	7,084
	Gross margin, %	22.88	10.51	20.70	25.58	19.42	36.51	52.40	38.38	34.64	38.45
	EBT	(226)	(125)	547	772	463	1,543	5,095	2,248	1,762	2,239
	EBT margin, %	(6.13)	(3.03)	12.35	16.82	11.23	23.60	45.55	33.90	29.68	31.61
	Net income	(158)	450	428	646	432	1,260	3,937	1,838	1,477	1,798
	Depreciation	678	883	888	875	892	888	850	869	925	898
Per share, $
Per share, $	Revenue	15.81	17.69	19.04	20.84	19.19	30.41	55.02	34.30	32.90	43.70
	Earnings	(1.19)	1.53	1.25	2.24	1.48	4.27	16.45	7.89	6.75	8.98
	Cash flow	2.65	6.99	6.44	6.83	5.73	13.36	18.96	14.26	12.59	16.98
	Capex	(9.43)	(1.94)	(1.70)	(1.52)	(1.43)	(2.39)	(2.22)	(2.58)	(2.85)	(5.82)
	Free cash flow	(6.78)	5.05	4.73	5.32	4.30	10.98	16.74	11.69	9.73	11.15
	Book value	27.85	28.63	24.64	25.60	26.07	28.07	38.63	43.32	42.08	47.96
	Shares, m	233	234	233	220	215	215	203	193	180	162
Valuation, ×
Valuation, ×	P/E	0.00	28.20	35.09	21.41	26.33	16.58	5.00	10.38	12.60	8.58
	P/S	2.02	2.44	2.29	2.29	2.02	2.33	1.49	2.38	2.59	1.77
	P/B	1.14	1.51	1.77	1.86	1.48	2.52	2.12	1.88	2.03	1.61
	EV/Sales	3.27	3.57	3.37	3.11	2.81	2.62	1.59	2.60	2.91	2.01
	EV/FCF	(7.62)	12.50	13.56	12.19	12.55	7.26	5.23	7.62	9.82	7.89
Cash, $m
Cash, $m	Operating cash flow	617	1,631	1,497	1,505	1,231	2,873	3,855	2,757	2,271	2,752
	Capex	(2,197)	(453)	(396)	(334)	(307)	(513)	(452)	(498)	(515)	(944)
	Free cash flow	(1,580)	1,178	1,101	1,171	924	2,360	3,403	2,259	1,756	1,808
Balance, $m
Balance, $m	Working capital	1,969	885	569	309	461	1,161	2,678	2,250	1,702	2,098
	Total debt	5,778	4,692	4,698	4,047	3,961	3,465	2,965	2,968	2,971	3,215
	Net debt	4,609	3,857	4,016	3,760	3,278	1,837	642	936	1,357	1,233
	Shareholders’ equity	6,492	6,684	5,731	5,637	5,603	6,036	7,853	8,373	7,592	7,775
Returns, %
Returns, %	ROA	(1.99)	2.50	2.22	3.97	2.62	7.52	26.05	11.02	8.75	10.56
	ROIC	0.78	1.39	4.91	6.67	4.38	13.73	39.71	14.97	12.19	15.96
	ROE	(5.09)	5.43	4.67	8.67	5.64	15.76	48.18	18.80	15.26	18.94

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NTR Nutrien Ltd.	$33.1B	14.4×	12.3×	+3.58% (above 0%: growing)	+0.80% (above 0%: growing)	−5.72% (below 0%: shrinking)	30.07%	16.44%	Compare
CF CF Industries Holdings, Inc.	$18.1B	8.9×	6.2×	+17.57% (above 0%: growing)	+100.00% (above 0%: growing)	+88.82% (above 0%: growing)	51.53%	50.45%
CTVA Corteva, Inc.	$8.6B	8.5×	28.9×	−1.19% (below 0%: shrinking)	−9.90% (below 0%: shrinking)	−169.39% (below 0%: shrinking)	57.39%	26.21%	Compare
ICL ICL Group Ltd.	$6.4B	20.7×	20.4×	+16.54% (above 0%: growing)	+57.14% (above 0%: growing)	+38.81% (above 0%: growing)	31.10%	12.46%	Compare
MOS The Mosaic Company	$6.0B	— (loss-making)	— (loss-making)	−6.04% (below 0%: shrinking)	n/m	−149.10% (below 0%: shrinking)	7.60%	(1.26%)	Compare
SMG The Scotts Miracle-Gro Company	$3.2B	43.7×	18.6×	+1.10% (above 0%: growing)	−25.19% (below 0%: shrinking)	−26.61% (below 0%: shrinking)	31.22%	14.47%	Compare
UAN CVR Partners, LP	$1.4B	8.3×	—	+19.95% (above 0%: growing)	+99.73% (above 0%: growing)	+177.34% (above 0%: growing)	57.09%	41.95%	Compare
FMC FMC Corporation	$874.2M	— (loss-making)	6.4×	−17.46% (below 0%: shrinking)	n/m	+882.90% (above 0%: growing)	39.45%	(13.80%)	Compare
IPI Intrepid Potash, Inc	$434.2M	16.2×	— (loss-making)	−1.26% (below 0%: shrinking)	+372.00% (above 0%: growing)	−31.61% (below 0%: shrinking)	24.97%	1.59%	Compare
Median of peers	$4.6B	15.3×	18.6×	−0.05%	+28.97%	−16.17%	31.16%	13.47%

All 18 Agricultural Inputs stocks →

CF Industries Holdings, Inc. (CF) key facts

Strength: CF Industries Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.1 billion, up 19.3% from fiscal 2024.
Strength: Net income was $1.8 billion, or $8.98 per share (basic), a net margin of 20.5%.
CF Industries Holdings, Inc. (CF) is an Agricultural Inputs company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, CF traded at $120.85, a market capitalization of $18.1 billion.
At that price the stock trades at 8.9× trailing-twelve-month earnings and 2.4× sales; its P/E is higher than 17% of its own readings over the past ten years.
CF Industries Holdings, Inc. pays an annual dividend of $2.10 per share, a yield of 1.74%, with a payout ratio of 15.6%.
Return on equity was 18.9% and debt-to-equity 0.36.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 2.80 (grey zone) for fiscal 2025.