What is CF Industries Holding, Inc.'s earnings per share (EPS)?

CF Industries Holding, Inc. (CF) reported diluted earnings per share of $8.97 for fiscal year 2025. This represents a 33.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

CF Industries Holding, Inc. (CF) Financials

Trailing 12 months to June 30, 2026

Revenue $7.7B +20.0% YoY

Net Income $2.5B +58.6% YoY

EPS (Diluted) $13.48 +76.2% YoY

Free Cash Flow $1.9B +6.9% YoY

Market Cap $17.9B as of Oct 19, 2026

Price / Sales 2.3x on $7.7B revenue, trailing 12 months to June 30, 2026

Price / Earnings 7.2x on $2.5B net income, trailing 12 months to June 30, 2026

Price / Book 3.1x on $5.7B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 19, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CF SEC filings page.

CF Industries Holding, Inc. (CF) reported $7.7B in revenue over the twelve months to Jun 30, 2026, up 20.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CF FY2025 2026-10-03

CF’s earnings rebound with margins, but heavier capital spending and rising leverage make cash conversion less generous than profits suggest.

FY2025 revenue recovered to $7.1B while operating margin reached 32.5%, restoring much of the prior year’s profitability. FY2025 capital expenditures reached $950M, and free cash flow margin was 25.4% despite the margin recovery; reinvestment absorbed more of the rebound than the income statement alone suggests.

Gross margin rose from 34.6% to 38.5% as revenue recovered, so volume was not the only driver of profit restoration; mix or cost structure also mattered. Operating margin improved but remained below its earlier peak, showing a cyclical margin structure rather than a permanently higher base.

Debt-to-equity reached 0.7x in FY2025 as equity fell, making the financing posture more leveraged. A 3.4x current ratio indicates substantial short-term coverage, but it does not erase the longer-term shift toward more debt relative to the capital base.

Financial Health Signals

Financial Health Score 75/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of CF Industries Holding, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

CF Industries Holding, Inc. has an operating margin of 32.5%, meaning the company retains $32 of operating profit per $100 of revenue. This strong profitability earns a score of 89/100, reflecting efficient cost management and pricing power. This is up from 29.4% the prior year.

Growth

CF Industries Holding, Inc.'s revenue surged 19.3% year-over-year to $7.1B, reflecting rapid business expansion. This strong growth earns a score of 42/100.

Leverage

CF Industries Holding, Inc. carries a low D/E ratio of 0.66, meaning only $0.66 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 65/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.37, CF Industries Holding, Inc. holds $3.37 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 83/100.

Cash Flow

CF Industries Holding, Inc. converts 25.4% of revenue into free cash flow ($1.8B). This strong cash generation earns a score of 94/100.

Returns

CF Industries Holding, Inc. earns a strong 37.2% return on equity (ROE), meaning it generates $37 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 74/100. This is up from 29.6% the prior year.

Altman Z-Score Grey Zone

2.77

CF Industries Holding, Inc. scores 2.77, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

8/9

CF Industries Holding, Inc. passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.53x

For every $1 of reported earnings, CF Industries Holding, Inc. generates $1.53 in operating cash flow ($2.8B OCF vs $1.8B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

14.84x

CF Industries Holding, Inc. earns $14.84 in operating income for every $1 of interest expense ($2.3B vs $155.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.2B

YoY+17.6%

QoQ+11.9%

5Y CAGR+6.9%

10Y CAGR+7.0%

CF Industries Holding, Inc. generated $2.2B in revenue in Q2 2026. This represents an increase of 17.6% from the same quarter a year earlier. Against the prior quarter it is up 11.9%.

EBITDA

$1.3B

YoY+51.8%

QoQ+22.5%

5Y CAGR+14.0%

CF Industries Holding, Inc.'s EBITDA was $1.3B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 51.8% from the same quarter a year earlier. Against the prior quarter it is up 22.5%.

Net Income

$869.0M

YoY+76.6%

QoQ+28.6%

5Y CAGR+22.3%

10Y CAGR+26.5%

CF Industries Holding, Inc. reported $869.0M in net income in Q2 2026. This represents an increase of 76.6% from the same quarter a year earlier. Against the prior quarter it is up 28.6%.

EPS (Diluted)

$4.73

YoY+99.6%

QoQ+18.8%

5Y CAGR+32.9%

10Y CAGR+37.2%

CF Industries Holding, Inc. earned $4.73 per diluted share (EPS) in Q2 2026. This represents an increase of 99.6% from the same quarter a year earlier. Against the prior quarter it is up 18.8%.

Cash & Balance Sheet

Free Cash Flow

$607.0M

YoY+90.9%

QoQ+122.3%

5Y CAGR+102.1%

CF Industries Holding, Inc. generated $607.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 90.9% from the same quarter a year earlier. Against the prior quarter it is up 122.3%.

Cash & Debt

$2.5B

YoY+47.1%

QoQ+21.4%

5Y CAGR+26.1%

10Y CAGR+2.1%

CF Industries Holding, Inc. held $2.5B in cash against $3.2B in long-term debt as of Q2 2026.

Dividends Per Share

$0.50

YoY0.0%

QoQ0.0%

CF Industries Holding, Inc. paid $0.50 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

151M

YoY-6.6%

QoQ-1.5%

5Y CAGR-6.8%

10Y CAGR-4.2%

CF Industries Holding, Inc. had 151M shares outstanding in Q2 2026. This represents a decrease of 6.6% from the same quarter a year earlier. Against the prior quarter it is down 1.5%.

Margins & Returns

Gross Margin

51.5%

YoY+11.6pp

QoQ+14.0pp

5Y change+19.8pp

10Y change+5.1pp

CF Industries Holding, Inc.'s gross margin was 51.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 11.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.0 percentage points.

Operating Margin

50.4%

YoY+16.2pp

QoQ+7.0pp

5Y change+22.1pp

CF Industries Holding, Inc.'s operating margin was 50.4% in Q2 2026, reflecting core business profitability. This is up 16.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.0 percentage points.

Net Margin

39.1%

YoY+13.1pp

QoQ+5.1pp

5Y change+19.1pp

10Y change+31.8pp

CF Industries Holding, Inc.'s net profit margin was 39.1% in Q2 2026, showing the share of revenue converted to profit. This is up 13.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.1 percentage points.

Return on Equity

15.1%

YoY+5.2pp

QoQ+2.5pp

5Y change+5.4pp

10Y change+13.0pp

CF Industries Holding, Inc.'s ROE was 15.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 5.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.5 percentage points.

Capital Allocation

Share Buybacks

$225.0M

YoY+4.2%

QoQ+703.6%

CF Industries Holding, Inc. spent $225.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 4.2% from the same quarter a year earlier. Against the prior quarter it is up 703.6%.

Capital Expenditures

$271.0M

YoY+10.6%

QoQ+21.5%

5Y CAGR+19.8%

10Y CAGR-9.1%

CF Industries Holding, Inc. invested $271.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 10.6% from the same quarter a year earlier. Against the prior quarter it is up 21.5%.

R&D Spending

Not reported for Q2 2026.

CF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CF quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$7.7B	$7.1B+19.3%	$5.9B-10.5%	$6.6B-40.7%	$11.2B+71.1%	$6.5B+58.5%	$4.1B-10.2%	$4.6B+3.6%	$4.4B+7.2%	$4.1B+12.1%	$3.7B-14.5%	$4.3B-9.2%	$4.7B-13.4%	$5.5B-10.3%	$6.1B+0.1%	$6.1B
Cost of Revenue	$4.5B	$4.4B+12.4%	$3.9B-5.0%	$4.1B-23.3%	$5.3B+28.3%	$4.2B+24.9%	$3.3B-2.7%	$3.4B-2.7%	$3.5B-5.0%	$3.7B+30.0%	$2.8B+2.9%	$2.8B-6.9%	$3.0B+0.4%	$3.0B-1.2%	$3.0B-6.6%	$3.2B
Gross Profit	$3.3B	$2.7B+32.5%	$2.1B-19.2%	$2.5B-56.6%	$5.9B+145.5%	$2.4B+198.0%	$801.0M-31.8%	$1.2B+28.0%	$917.0M+111.3%	$434.0M-48.5%	$843.0M-45.5%	$1.5B-13.0%	$1.8B-29.5%	$2.5B-19.1%	$3.1B+7.5%	$2.9B
SG&A Expenses	$371.0M	$364.0M+13.8%	$320.0M+10.7%	$289.0M-0.3%	$290.0M+30.0%	$223.0M+8.3%	$206.0M-13.8%	$239.0M+11.7%	$214.0M+12.0%	$191.0M+10.4%	$173.0M+1.8%	$170.0M+11.8%	$152.0M-8.4%	$166.0M+9.4%	$151.8M+16.8%	$130.0M
Operating Income	$3.2B	$2.3B+31.7%	$1.7B-21.7%	$2.2B-58.7%	$5.4B+212.1%	$1.7B+177.5%	$623.0M-37.9%	$1.0B+30.9%	$766.0M+227.4%	$234.0M+69.6%	$138.0M-88.4%	$1.2B-49.6%	$2.4B-1.9%	$2.4B-18.5%	$3.0B+6.1%	$2.8B
EBITDA	N/A	$3.2B+19.7%	$2.7B-13.8%	$3.1B-50.4%	$6.2B+138.7%	$2.6B+72.7%	$1.5B-19.3%	$1.9B+13.5%	$1.7B+48.1%	$1.1B+36.9%	$816.0M-51.2%	$1.7B-39.4%	$2.8B-2.2%	$2.8B-16.5%	$3.4B+5.4%	$3.2B
Interest Expense	$171.0M	$155.0M+28.1%	$121.0M-19.3%	$150.0M-56.4%	$344.0M+87.0%	$184.0M+2.8%	$179.0M-24.5%	$237.0M-1.7%	$241.0M-23.5%	$315.0M+57.5%	$200.0M+50.4%	$133.0M-25.3%	$178.0M+17.0%	$152.2M+12.5%	$135.3M-8.1%	$147.2M
Income Tax	$604.0M	$441.0M+54.7%	$285.0M-30.5%	$410.0M-64.6%	$1.2B+309.2%	$283.0M+812.9%	$31.0M-75.4%	$126.0M+5.9%	$119.0M+120.7%	-$575.0M-745.6%	-$68.0M-117.2%	$396.0M-48.8%	$773.0M+12.6%	$686.5M-28.8%	$964.2M+4.1%	$926.5M
Net Income	$2.5B	$1.8B+21.7%	$1.5B-19.6%	$1.8B-53.3%	$3.9B+212.5%	$1.3B+191.7%	$432.0M-33.1%	$646.0M+50.9%	$428.0M-4.9%	$450.0M+384.8%	-$158.0M-121.5%	$734.0M-48.9%	$1.4B-6.3%	$1.5B-20.3%	$1.9B+25.0%	$1.5B
EPS (Basic)	N/A	$8.98+33.0%	$6.75-14.4%	$7.89-52.0%	$16.45+285.2%	$4.27+188.5%	$1.48-33.9%	$2.24+79.2%	$1.25-18.3%	$1.53+228.6%	-$1.19-140.1%	$2.97-45.3%	$5.43+9.3%	$4.97-82.8%	$28.94+30.5%	$22.18
EPS (Diluted)	$13.48	$8.97+33.1%	$6.74-14.4%	$7.87-52.0%	$16.38+286.3%	$4.24+188.4%	$1.47-34.1%	$2.23+79.8%	$1.24-19.0%	$1.53	-$1.19	$2.96	$5.42+9.5%	$4.95	$28.59+30.1%	$21.98
Diluted Shares (Avg)	N/A	162M-10.2%	181M-6.8%	194M-5.1%	204M-5.6%	216M+0.5%	215M-2.9%	222M-5.2%	234M0.0%	234M	233M	236M	257M-13.3%	296M	65M-7.6%	70M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$2.2B+17.6%	$2.0B+19.4%	$1.9B+22.8%	$1.7B+21.1%	$1.9B+20.2%	$1.7B+13.1%	$1.5B-3.0%	$1.4B+7.6%
Cost of Revenue	$1.1B-5.1%	$1.2B+13.7%	$1.1B+10.7%	$1.0B+10.9%	$1.1B+27.1%	$1.1B+2.8%	$1.0B-6.5%	$926.0M+3.3%
Gross Profit	$1.1B+51.7%	$746.0M+30.4%	$765.0M+46.0%	$632.0M+42.3%	$755.0M+11.2%	$572.0M+39.9%	$524.0M+4.6%	$444.0M+17.8%
SG&A Expenses	$89.0M-11.9%	$103.0M+22.6%	$91.0M+16.7%	$88.0M+12.8%	$101.0M+32.9%	$84.0M-4.5%	$78.0M+2.6%	$78.0M+14.7%
Operating Income	$1.1B+73.0%	$863.0M+89.7%	$617.0M+39.9%	$580.0M+59.3%	$648.0M+1.6%	$455.0M+50.2%	$441.0M+3.5%	$364.0M+49.2%
EBITDA	$1.3B+51.8%	$1.1B+61.4%	$845.0M+27.6%	$797.0M+34.4%	$880.0M+2.3%	$676.0M+21.6%	$662.0M+1.1%	$593.0M+29.8%
Interest Expense	$50.0M+38.9%	$39.0M+5.4%	$41.0M-12.8%	$41.0M	$36.0M-2.7%	$37.0M0.0%	$47.0M+34.3%	$0-100.0%
Income Tax	$224.0M+56.6%	$168.0M+95.3%	$107.0M+161.0%	$105.0M+78.0%	$143.0M+16.3%	$86.0M+38.7%	$41.0M-51.2%	$59.0M+156.5%
Net Income	$869.0M+76.6%	$676.0M+92.6%	$495.0M+26.3%	$460.0M+34.9%	$492.0M-2.8%	$351.0M+47.5%	$392.0M+11.4%	$341.0M+48.3%
EPS (Basic)	$4.74+100.0%	$3.99+115.7%	$2.58+37.2%	$2.19+41.3%	$2.37+3.0%	$1.85+79.6%	$1.88+29.7%	$1.55+82.4%
EPS (Diluted)	$4.73+99.6%	$3.98+115.1%	$2.58+37.2%	$2.19+41.3%	$2.37+3.0%	$1.85+79.6%	$1.88+29.7%	$1.55+82.4%
Diluted Shares (Avg)	154M-5.6%	155M-8.5%	N/A	161M-9.7%	163M-10.8%	169M-10.3%	N/A	179M-7.4%

Not reported in any period shown, so not listed: R&D Expenses.

CF Balance Sheet

CF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$14.1B+4.6%	$13.5B-6.3%	$14.4B+8.0%	$13.3B+7.6%	$12.4B+2.9%	$12.0B-1.2%	$12.2B-3.9%	$12.7B-6.0%	$13.5B-11.0%	$15.1B+19.3%	$12.7B+12.7%	$11.3B+5.4%	$10.7B+5.0%	$10.2B+13.3%	$9.0B
Current Assets	$3.0B+18.5%	$2.5B-17.4%	$3.0B-17.0%	$3.7B+41.7%	$2.6B+89.7%	$1.4B+40.3%	$974.0M-23.5%	$1.3B-13.0%	$1.5B-44.8%	$2.7B+135.6%	$1.1B-55.5%	$2.5B-3.8%	$2.6B-6.3%	$2.8B+56.1%	$1.8B
Cash & Equivalents	$2.0B+22.8%	$1.6B-20.6%	$2.0B-12.5%	$2.3B+42.7%	$1.6B+138.4%	$683.0M+138.0%	$287.0M-57.9%	$682.0M-18.3%	$835.0M-28.6%	$1.2B+278.3%	$309.0M-84.5%	$2.0B+16.7%	$1.7B-24.8%	$2.3B+88.5%	$1.2B
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$383.0M+22.0%	$314.0M+5.0%	$299.0M-36.9%	$474.0M+16.2%	$408.0M+42.2%	$287.0M-18.2%	$351.0M+13.6%	$309.0M+12.4%	$275.0M-18.9%	$339.0M+5.6%	$321.0M+58.2%	$202.9M-26.0%	$274.3M-1.3%	$277.9M-8.6%	$304.2M
Accounts Receivable	$488.0M+20.8%	$404.0M-20.0%	$505.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.5B0.0%	$2.5B-0.1%	$2.5B+19.4%	$2.1B-0.1%	$2.1B-11.9%	$2.4B+0.4%	$2.4B+0.5%	$2.4B-0.8%	$2.4B+1.1%	$2.3B-1.9%	$2.4B+14.2%	$2.1B-0.1%	$2.1B+1.5%	$2.1B0.0%	$2.1B
Total Liabilities	$9.3B+9.1%	$8.5B-2.1%	$8.7B+4.8%	$8.3B-9.9%	$9.2B+0.7%	$9.1B-1.9%	$9.3B-4.4%	$9.7B-1.8%	$9.9B-16.1%	$11.8B+36.3%	$8.6B+22.8%	$7.0B+25.7%	$5.6B+31.4%	$4.3B-3.7%	$4.4B
Current Liabilities	$887.0M+8.4%	$818.0M+2.3%	$800.0M-19.6%	$995.0M-30.5%	$1.4B+58.1%	$906.0M+36.2%	$665.0M-5.7%	$705.0M+21.6%	$580.0M-15.5%	$686.0M-43.5%	$1.2B+24.0%	$979.7M+18.3%	$828.3M-12.8%	$950.2M-7.9%	$1.0B
Non-Current Liabilities	$8.4B+9.1%	$7.7B-2.5%	$7.9B+8.1%	$7.3B-6.1%	$7.7B-5.6%	$8.2B-4.8%	$8.6B-4.3%	$9.0B-3.3%	$9.3B-16.2%	$11.1B+49.3%	$7.4B+22.6%	$6.1B+27.0%	$4.8B+44.0%	$3.3B-2.4%	$3.4B
Long-Term Debt	$3.2B+8.2%	$3.0B+0.1%	$3.0B+0.1%	$3.0B-14.4%	$3.5B-6.7%	$3.7B-6.2%	$4.0B-15.8%	$4.7B+0.1%	$4.7B-18.8%	$5.8B+4.4%	$5.5B+20.6%	$4.6B+48.2%	$3.1B+93.6%	$1.6B-0.8%	$1.6B
Total Equity	$4.8B-2.9%	$5.0B-12.8%	$5.7B+13.2%	$5.1B+57.5%	$3.2B+9.7%	$2.9B+0.9%	$2.9B-2.1%	$3.0B-17.4%	$3.6B+6.9%	$3.3B-17.0%	$4.0B-4.1%	$4.2B-17.1%	$5.1B-14.0%	$5.9B+29.8%	$4.5B
Retained Earnings	$3.9B-3.4%	$4.0B-11.6%	$4.5B+17.3%	$3.9B+85.2%	$2.1B+8.4%	$1.9B-1.6%	$2.0B-20.5%	$2.5B+0.8%	$2.4B+3.3%	$2.4B-22.7%	$3.1B-3.7%	$3.2B-14.8%	$3.7B+7.6%	$3.5B+21.8%	$2.8B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$15.1B+9.8%	$14.6B+9.8%	$14.1B+4.6%	$14.2B+2.6%	$13.8B-0.2%	$13.3B-4.0%	$13.5B-6.3%	$13.8B+2.2%
Current Assets	$3.8B+40.2%	$3.4B+39.4%	$3.0B+18.5%	$3.0B+4.5%	$2.7B-4.5%	$2.4B-10.5%	$2.5B-17.4%	$2.9B-32.0%
Cash & Equivalents	$2.5B+47.1%	$2.0B+45.2%	$2.0B+22.8%	$1.8B-2.1%	$1.7B-7.3%	$1.4B-20.7%	$1.6B-20.6%	$1.9B-42.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$415.0M+31.3%	$371.0M+5.7%	$383.0M+22.0%	$367.0M+21.9%	$316.0M+4.6%	$351.0M+29.5%	$314.0M+5.0%	$301.0M-5.3%
Accounts Receivable	$718.0M+22.5%	$726.0M+24.7%	$488.0M+20.8%	$602.0M+24.9%	$586.0M+10.4%	$582.0M+8.8%	$404.0M-20.0%	$482.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.5B0.0%	$2.5B0.0%	$2.5B0.0%	$2.5B0.0%	$2.5B0.0%	$2.5B-0.1%	$2.5B-0.1%	$2.5B+19.3%
Total Liabilities	$9.4B+6.4%	$9.3B+8.7%	$9.3B+9.1%	$9.4B+8.2%	$8.8B+5.7%	$8.5B+1.3%	$8.5B-2.1%	$8.6B+10.6%
Current Liabilities	$772.0M-7.0%	$958.0M+2.0%	$887.0M+8.4%	$1.3B+29.3%	$830.0M+39.3%	$939.0M+36.1%	$818.0M+2.3%	$1.0B+9.4%
Non-Current Liabilities	$8.6B+7.8%	$8.3B+9.5%	$8.4B+9.1%	$8.0B+5.3%	$8.0B+3.1%	$7.6B-1.8%	$7.7B-2.5%	$7.6B+10.8%
Long-Term Debt	$3.2B+8.2%	$3.2B+8.2%	$3.2B+8.2%	$3.0B+0.1%	$3.0B+0.1%	$3.0B+0.1%	$3.0B+0.1%	$3.0B+0.1%
Total Equity	$5.7B+15.8%	$5.3B+11.8%	$4.8B-2.9%	$4.8B-6.6%	$5.0B-9.1%	$4.8B-12.1%	$5.0B-12.8%	$5.2B-9.2%
Retained Earnings	$4.8B+23.1%	$4.4B+4.8%	$3.9B-3.4%	$4.2B-7.5%	$3.9B-10.0%	$4.2B-9.2%	$4.0B-11.6%	$4.5B-3.2%

CF Cash Flow Statement

CF quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$3.0B	$2.8B+21.2%	$2.3B-17.6%	$2.8B-28.5%	$3.9B+34.2%	$2.9B+133.4%	$1.2B-18.2%	$1.5B+0.5%	$1.5B-8.2%	$1.6B+164.3%	$617.0M-48.9%	$1.2B-15.1%	$1.4B-3.1%	$1.5B-38.3%	$2.4B+14.3%	$2.1B
Depreciation & Amortization	N/A	$898.0M-2.9%	$925.0M+6.4%	$869.0M+2.2%	$850.0M-4.3%	$888.0M-0.4%	$892.0M+1.9%	$875.0M-1.5%	$888.0M+0.6%	$883.0M+30.2%	$678.0M+41.3%	$480.0M+22.1%	$393.0M-4.3%	$410.6M-2.2%	$419.8M+0.9%	$416.2M
Stock-Based Compensation	N/A	$45.0M+25.0%	$36.0M-2.7%	$37.0M-9.8%	$41.0M+36.7%	$30.0M+20.0%	$25.0M-10.7%	$28.0M+27.3%	$22.0M+29.4%	$17.0M-10.5%	$19.0M+11.8%	$17.0M0.0%	$17.0M+34.9%	$12.6M+5.9%	$11.9M+12.3%	$10.6M
Capital Expenditures	$1.1B	$950.0M+83.4%	$518.0M+3.8%	$499.0M+10.2%	$453.0M-11.9%	$514.0M+66.3%	$309.0M-23.5%	$404.0M-4.3%	$422.0M-10.8%	$473.0M-78.6%	$2.2B-10.4%	$2.5B+36.5%	$1.8B+119.6%	$823.8M+57.4%	$523.5M+111.8%	$247.2M
Free Cash Flow	$1.9B	$1.8B+2.8%	$1.8B-22.4%	$2.3B-33.6%	$3.4B+44.2%	$2.4B+155.9%	$922.0M-16.3%	$1.1B+2.4%	$1.1B-7.2%	$1.2B+172.6%	-$1.6B-26.3%	-$1.3B-225.3%	-$388.0M-160.3%	$643.0M-65.3%	$1.9B+1.1%	$1.8B
Investing Cash Flow	-$1.0B	-$933.0M-98.9%	-$469.0M+72.1%	-$1.7B-281.6%	-$440.0M+5.6%	-$466.0M-55.9%	-$299.0M+6.3%	-$319.0M+14.9%	-$375.0M+9.2%	-$413.0M+81.2%	-$2.2B+26.2%	-$3.0B-765.1%	-$344.0M	N/A	N/A	N/A
Financing Cash Flow	-$1.1B	-$1.5B+32.7%	-$2.2B-60.7%	-$1.4B+49.2%	-$2.7B-84.6%	-$1.5B-169.9%	-$542.0M+65.8%	-$1.6B-24.6%	-$1.3B+18.8%	-$1.6B-164.1%	$2.4B+3067.5%	$77.0M+109.8%	-$787.0M	N/A	N/A	N/A
Dividends Paid	$314.0M	$326.0M-10.4%	$364.0M+17.0%	$311.0M+1.6%	$306.0M+17.7%	$260.0M+0.8%	$258.0M-2.6%	$265.0M-5.4%	$280.0M0.0%	$280.0M0.0%	$280.0M-0.7%	$282.0M+10.2%	$256.0M+98.3%	$129.1M+25.7%	$102.7M+49.5%	$68.7M
Share Buybacks	$958.0M	$1.4B-9.5%	$1.5B+160.2%	$580.0M-56.9%	$1.3B+149.9%	$539.0M+439.0%	$100.0M-73.0%	$370.0M-20.8%	$467.0M	$0	$0-100.0%	$556.0M-71.3%	$1.9B+37.3%	$1.4B+181.8%	$500.0M-50.0%	$1.0B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$878.0M+56.0%	$496.0M-15.4%	$539.0M+28.3%	$1.1B+14.3%	$563.0M+18.5%	$586.0M+31.7%	$420.0M-12.5%	$931.0M+50.6%
Depreciation & Amortization	$215.0M-7.3%	$228.0M+3.2%	$228.0M+3.2%	$217.0M-5.2%	$232.0M+4.5%	$221.0M-12.6%	$221.0M-3.5%	$229.0M+7.5%
Stock-Based Compensation	N/A	$11.0M+10.0%	N/A	N/A	N/A	$10.0M-23.1%	N/A	N/A
Capital Expenditures	$271.0M+10.6%	$223.0M+68.9%	$226.0M+14.7%	$347.0M+149.6%	$245.0M+191.7%	$132.0M+34.7%	$197.0M+4.8%	$139.0M-5.4%
Free Cash Flow	$607.0M+90.9%	$273.0M-39.9%	$313.0M+40.4%	$717.0M-9.5%	$318.0M-18.7%	$454.0M+30.8%	$223.0M-23.6%	$792.0M+68.2%
Investing Cash Flow	-$249.0M-2.9%	-$225.0M-78.6%	-$226.0M-15.3%	-$339.0M-143.9%	-$242.0M-611.8%	-$126.0M-26.0%	-$196.0M+86.1%	-$139.0M+3.5%
Financing Cash Flow	-$186.0M-200.0%	-$199.0M+70.3%	-$189.0M+59.1%	-$562.0M+24.6%	-$62.0M+84.3%	-$671.0M-11.5%	-$462.0M-53.0%	-$745.0M-72.9%
Dividends Paid	$77.0M-4.9%	$78.0M-9.3%	$78.0M-9.3%	$81.0M-10.0%	$81.0M-11.0%	$86.0M-11.3%	$86.0M+13.2%	$90.0M+16.9%
Share Buybacks	$225.0M+4.2%	$28.0M-93.7%	$345.0M-8.0%	$360.0M-26.5%	$216.0M-29.2%	$444.0M+31.0%	$375.0M+66.7%	$490.0M+226.7%

CF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	38.5%+3.8pp	34.6%-3.7pp	38.4%-14.0pp	52.4%+15.9pp	36.5%+17.1pp	19.4%-6.2pp	25.6%+4.9pp	20.7%+10.2pp	10.5%-12.4pp	22.9%-13.0pp	35.9%-1.6pp	37.5%-8.5pp	46.0%-5.0pp	51.0%+3.5pp	47.5%
Operating Margin	32.5%+3.1pp	29.4%-4.2pp	33.6%-14.6pp	48.3%+21.8pp	26.5%+11.3pp	15.1%-6.7pp	21.9%+4.6pp	17.3%+11.6pp	5.7%+1.9pp	3.7%-23.9pp	27.7%-22.2pp	49.9%+5.8pp	44.0%-4.4pp	48.5%+2.7pp	45.8%
Net Margin	25.4%+0.5pp	24.9%-2.8pp	27.7%-7.5pp	35.2%+15.9pp	19.3%+8.8pp	10.5%-3.6pp	14.1%+4.4pp	9.7%-1.2pp	10.9%+15.2pp	-4.3%-21.3pp	17.0%-13.3pp	30.3%+2.3pp	28.0%-3.5pp	31.5%+6.3pp	25.2%
Return on Equity	37.2%+7.5pp	29.6%-2.5pp	32.1%-45.8pp	77.9%+38.6pp	39.3%+24.5pp	14.8%-7.5pp	22.3%+7.8pp	14.5%+1.9pp	12.6%+17.3pp	-4.7%-22.9pp	18.2%-15.9pp	34.1%+3.9pp	30.2%-2.4pp	32.6%-1.3pp	33.9%
Return on Assets	12.8%+1.8pp	11.0%-1.8pp	12.8%-16.8pp	29.6%+19.4pp	10.2%+6.6pp	3.6%-1.7pp	5.3%+1.9pp	3.4%0.0pp	3.3%+4.4pp	-1.0%-6.8pp	5.8%-7.0pp	12.8%-1.6pp	14.3%-4.6pp	18.9%+1.8pp	17.2%
Current Ratio	3.37+0.3x	3.08-0.7x	3.81+0.1x	3.69+1.9x	1.81+0.3x	1.510.0x	1.46-0.3x	1.81-0.7x	2.53-1.3x	3.87+2.9x	0.93-1.7x	2.58-0.6x	3.18+0.2x	2.95+1.2x	1.74
Debt-to-Equity	0.66+0.1x	0.60+0.1x	0.52-0.1x	0.59-0.5x	1.08-0.2x	1.27-0.1x	1.37-0.2x	1.59+0.3x	1.31-0.4x	1.73+0.4x	1.37+0.3x	1.09+0.5x	0.61+0.3x	0.27-0.1x	0.35
Asset Turnover	0.50+0.1x	0.440.0x	0.46-0.4x	0.84+0.3x	0.53+0.2x	0.340.0x	0.380.0x	0.350.0x	0.31+0.1x	0.24-0.1x	0.34-0.1x	0.42-0.1x	0.51-0.1x	0.60-0.1x	0.68
FCF Margin	25.4%-4.1pp	29.5%-4.5pp	34.1%+3.6pp	30.4%-5.7pp	36.1%+13.7pp	22.4%-1.6pp	24.0%-0.3pp	24.3%-3.8pp	28.0%+71.3pp	-43.3%-14.0pp	-29.3%-21.1pp	-8.2%-19.9pp	11.7%-18.6pp	30.3%+0.3pp	30.0%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	51.5%+11.6pp	37.6%+3.2pp	40.9%+6.5pp	38.1%+5.7pp	40.0%-3.2pp	34.4%+6.6pp	34.4%+2.5pp	32.4%+2.8pp
Operating Margin	50.4%+16.2pp	43.5%+16.1pp	33.0%+4.0pp	35.0%+8.4pp	34.3%-6.3pp	27.4%+6.8pp	28.9%+1.8pp	26.6%+7.4pp
Net Margin	39.1%+13.1pp	34.0%+12.9pp	26.4%+0.7pp	27.7%+2.8pp	26.0%-6.2pp	21.1%+4.9pp	25.7%+3.3pp	24.9%+6.8pp
Return on Equity	15.1%+5.2pp	12.7%+5.3pp	10.2%+2.4pp	9.5%+2.9pp	9.9%+0.6pp	7.3%+3.0pp	7.9%+1.7pp	6.6%+2.5pp
Return on Assets	5.8%+2.2pp	4.6%+2.0pp	3.5%+0.6pp	3.2%+0.8pp	3.6%-0.1pp	2.6%+0.9pp	2.9%+0.5pp	2.5%+0.8pp
Current Ratio	4.86+1.6x	3.54+0.9x	3.37+0.3x	2.27-0.5x	3.22-1.5x	2.59-1.3x	3.08-0.7x	2.81-1.7x
Debt-to-Equity	0.560.0x	0.600.0x	0.66+0.1x	0.610.0x	0.60+0.1x	0.62+0.1x	0.60+0.1x	0.57+0.1x
Asset Turnover	0.150.0x	0.140.0x	0.130.0x	0.120.0x	0.140.0x	0.130.0x	0.110.0x	0.100.0x
FCF Margin	27.3%+10.5pp	13.8%-13.6pp	16.7%+2.1pp	43.2%-14.6pp	16.8%-8.0pp	27.3%+3.7pp	14.6%-4.0pp	57.8%+20.8pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
CF Industries Holding, Inc. CF	FY2025	$7.1B	$1.8B	25.4%	$17.9B	75/100
The Mosaic Company MOS	FY2025	$12.1B	$541.0M	4.5%	$6.0B	34/100
Nutrien Ltd. NTR	FY2025	$26.9B	$2.3B	8.5%	$34.0B	33/100
Corteva, Inc. CTVA	FY2025	$17.4B	$1.1B	6.3%	$8.6B	38/100
ICL Group Ltd. ICL	FY2025	$7.2B	$280.0M	3.9%	$6.4B	24/100
FMC Corporation FMC	FY2025	$3.5B	-$2.2B	-64.6%	$880.4M	23/100

Where CF Industries Holding, Inc. Ranks

Frequently Asked Questions

What is CF Industries Holding, Inc.'s annual revenue?

CF Industries Holding, Inc. (CF) reported $7.1B in total revenue for fiscal year 2025. This represents a 19.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is CF Industries Holding, Inc.'s revenue growing?

CF Industries Holding, Inc. (CF) revenue grew by 19.3% year-over-year, from $5.9B to $7.1B in fiscal year 2025.

Is CF Industries Holding, Inc. profitable?

Yes, CF Industries Holding, Inc. (CF) reported a net income of $1.8B in fiscal year 2025, with a net profit margin of 25.4%.

What is CF Industries Holding, Inc.'s EBITDA?

CF Industries Holding, Inc. (CF) had EBITDA of $3.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does CF Industries Holding, Inc. have?

As of fiscal year 2025, CF Industries Holding, Inc. (CF) had $2.0B in cash and equivalents against $3.2B in long-term debt.

What is CF Industries Holding, Inc.'s gross margin?

CF Industries Holding, Inc. (CF) had a gross margin of 38.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is CF Industries Holding, Inc.'s operating margin?

CF Industries Holding, Inc. (CF) had an operating margin of 32.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is CF Industries Holding, Inc.'s net profit margin?

CF Industries Holding, Inc. (CF) had a net profit margin of 25.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does CF Industries Holding, Inc. pay dividends?

Yes, CF Industries Holding, Inc. (CF) paid $2.00 per share in dividends during fiscal year 2025.

What is CF Industries Holding, Inc.'s return on equity (ROE)?

CF Industries Holding, Inc. (CF) has a return on equity of 37.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is CF Industries Holding, Inc.'s free cash flow?

CF Industries Holding, Inc. (CF) generated $1.8B in free cash flow during fiscal year 2025. This represents a 2.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is CF Industries Holding, Inc.'s operating cash flow?

CF Industries Holding, Inc. (CF) generated $2.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are CF Industries Holding, Inc.'s total assets?

CF Industries Holding, Inc. (CF) had $14.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are CF Industries Holding, Inc.'s capital expenditures?

CF Industries Holding, Inc. (CF) invested $950.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does CF Industries Holding, Inc. buy back shares?

Yes, CF Industries Holding, Inc. (CF) spent $1.4B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does CF Industries Holding, Inc. have outstanding?

CF Industries Holding, Inc. (CF) had 154M shares outstanding as of fiscal year 2025.

What is CF Industries Holding, Inc.'s current ratio?

CF Industries Holding, Inc. (CF) had a current ratio of 3.37 as of fiscal year 2025, which is generally considered healthy.

What is CF Industries Holding, Inc.'s debt-to-equity ratio?

CF Industries Holding, Inc. (CF) had a debt-to-equity ratio of 0.66 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is CF Industries Holding, Inc.'s return on assets (ROA)?

CF Industries Holding, Inc. (CF) had a return on assets of 12.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is CF Industries Holding, Inc.'s P/E ratio?

CF Industries Holding, Inc. (CF) trades at 7.2x earnings, its market capitalization divided by net income of $2.5B net income, trailing 12 months to June 30, 2026. The market capitalization is $17.9B as of Oct 19, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is CF Industries Holding, Inc.'s price-to-sales ratio?

CF Industries Holding, Inc. (CF) trades at 2.3x sales, its market capitalization divided by revenue of $7.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $17.9B as of Oct 19, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is CF Industries Holding, Inc.'s Altman Z-Score?

CF Industries Holding, Inc. (CF) has an Altman Z-Score of 2.77, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is CF Industries Holding, Inc.'s Piotroski F-Score?

CF Industries Holding, Inc. (CF) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are CF Industries Holding, Inc.'s earnings high quality?

CF Industries Holding, Inc. (CF) has an earnings quality ratio of 1.53x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can CF Industries Holding, Inc. cover its interest payments?

CF Industries Holding, Inc. (CF) has an interest coverage ratio of 14.84x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is CF Industries Holding, Inc.?

CF Industries Holding, Inc. (CF) scores 75 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.