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CF Industries Holdings, Inc. logo

CF Industries Holdings, Inc.

CF

NYSEBasic MaterialsAgricultural Inputs

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Previous close

$129.65

+$3.95 · +3.14%

Aug 21, 4:00 PM ET

CF company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

99

Deep Value

Momentum

52

Neutral

Sentiment

75

Bullish

Risk resilience

72

Moderate Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

CF Industries Holdings, Inc. is a global producer and distributor of hydrogen and nitrogen-based products. These essential chemicals serve a variety of purposes worldwide, including energy generation, agricultural fertilization, environmental emissions reduction, and numerous other industrial applications. The company's core product lineup features vital nitrogen compounds such as anhydrous ammonia, granular urea, urea ammonium nitrate (UAN), and different forms of ammonium nitrate. In addition to these primary offerings, CF Industries also provides specialized chemicals like diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia, alongside complex fertilizers containing nitrogen, phosphorus, and potassium. Its diverse customer base includes agricultural cooperatives, independent fertilizer distributors, commodity traders, wholesalers, and a wide array of industrial end-users. Founded in 1946, the firm is headquartered in Deerfield, Illinois.

Industry
Agricultural Inputs
Sector
Basic Materials
Headquarters
US
CEO
Christopher D. Bohn
Listed since
Aug 11, 2005
Employees
2,900

Market position

Day range

Current $129.65

52-week range

Current $129.65

Open
$127.79
Previous close
$125.7
Volume
2.81M
1.01× average
Average volume
2.78M
Average daily volume
Market cap
19.92B USD
Beta
0.4
Market reference 1
50-day average
$115.62
+12.14% above average
200-day average
$105.47
+22.92% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
14.5B USD
P/E (TTM)
9.59×
P/B (TTM)
3.46×
P/S (TTM)
2.57×
EV / EBITDA
4.41×
Earnings yield
11.61%
Free cash flow yield
14.37%
Dividend yield
1.62%

Profitability & efficiency

Gross margin
42.54%
Operating margin
38.12%
Net margin
27.12%
Return on equity
30.07%
Return on assets
10.33%
Return on invested capital
14.27%

Financial health

Debt / equity
0.63×
Current ratio
3.37×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends57%41%26%10%Gross margin, FY2021: 36.11%Gross margin, FY2022: 52.67%Gross margin, FY2023: 39.89%Gross margin, FY2024: 34.64%Gross margin, FY2025: 38.45%Operating margin, FY2021: 32.70%Operating margin, FY2022: 50.08%Operating margin, FY2023: 35.53%Operating margin, FY2024: 29.41%Operating margin, FY2025: 33.39%Net margin, FY2021: 14.03%Net margin, FY2022: 29.91%Net margin, FY2023: 23.00%Net margin, FY2024: 20.52%Net margin, FY2025: 20.54%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 36.11%. Gross margin FY2022 52.67%. Gross margin FY2023 39.89%. Gross margin FY2024 34.64%. Gross margin FY2025 38.45%. Operating margin FY2021 32.70%. Operating margin FY2022 50.08%. Operating margin FY2023 35.53%. Operating margin FY2024 29.41%. Operating margin FY2025 33.39%. Net margin FY2021 14.03%. Net margin FY2022 29.91%. Net margin FY2023 23.00%. Net margin FY2024 20.52%. Net margin FY2025 20.54%.

Income trends

Revenue

7.08B USD+19.34%

Operating income

2.37B USD+35.45%

Net income

1.46B USD+19.46%
Income trends across reported periods12.21B USD8.11B USD4B USD−109.9M USDRevenue, FY2021: 6.54B USDRevenue, FY2022: 11.19B USDRevenue, FY2023: 6.63B USDRevenue, FY2024: 5.94B USDRevenue, FY2025: 7.08B USDOperating income, FY2021: 2.14B USDOperating income, FY2022: 5.6B USDOperating income, FY2023: 2.36B USDOperating income, FY2024: 1.75B USDOperating income, FY2025: 2.37B USDNet income, FY2021: 917M USDNet income, FY2022: 3.35B USDNet income, FY2023: 1.53B USDNet income, FY2024: 1.22B USDNet income, FY2025: 1.46B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 6.54B USD. Revenue FY2022 11.19B USD. Revenue FY2023 6.63B USD. Revenue FY2024 5.94B USD. Revenue FY2025 7.08B USD. Operating income FY2021 2.14B USD. Operating income FY2022 5.6B USD. Operating income FY2023 2.36B USD. Operating income FY2024 1.75B USD. Operating income FY2025 2.37B USD. Net income FY2021 917M USD. Net income FY2022 3.35B USD. Net income FY2023 1.53B USD. Net income FY2024 1.22B USD. Net income FY2025 1.46B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue7.08B USD5.94B USD6.63B USD11.19B USD6.54B USD
Cost of goods sold4.36B USD3.88B USD3.99B USD5.29B USD4.18B USD
Gross profit2.72B USD2.06B USD2.65B USD5.89B USD2.36B USD
Selling, general, and administrative364M USD320M USD289M USD290M USD223M USD
Operating expenses364M USD310M USD289M USD290M USD223M USD
Interest income81M USD123M USD158M USD65M USD1M USD
Interest expense155M USD121M USD150M USD344M USD184M USD
Depreciation and amortization898M USD925M USD869M USD841M USD879M USD
Operating income2.37B USD1.75B USD2.36B USD5.6B USD2.14B USD
Net income1.46B USD1.22B USD1.53B USD3.35B USD917M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+9.19%
11 comparable reports
Latest EPS result
4.73
Estimate 5.63 · Miss by 15.99%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates5.964.392.831.26Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 1.89, estimate 1.54, surprise +22.73%, Beat. Q2 2025, reported May 7, 2025: actual 1.85, estimate 1.48, surprise +25.00%, Beat. Q3 2025, reported Aug 6, 2025: actual 2.37, estimate 2.5, surprise -5.20%, Miss. Q4 2025, reported Nov 5, 2025: actual 2.19, estimate 2.16, surprise +1.39%, Beat. Q1 2026, reported Feb 18, 2026: actual 2.99, estimate 2.43, surprise +23.05%, Beat. Q2 2026, reported May 6, 2026: actual 3.99, estimate 2.63, surprise +51.71%, Beat. Q3 2026, reported Aug 5, 2026: actual 4.73, estimate 5.63, surprise -15.99%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 3.04, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.55B2.17B1.79B1.4BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 1.52B USD, estimate 1.5B USD, surprise +1.48%, Beat. Q2 2025, reported May 7, 2025: actual 1.66B USD, estimate 1.54B USD, surprise +7.91%, Beat. Q3 2025, reported Aug 6, 2025: actual 1.89B USD, estimate 1.8B USD, surprise +4.78%, Beat. Q4 2025, reported Nov 5, 2025: actual 1.66B USD, estimate 1.67B USD, surprise -0.54%, Miss. Q1 2026, reported Feb 18, 2026: actual 1.87B USD, estimate 1.78B USD, surprise +4.99%, Beat. Q2 2026, reported May 6, 2026: actual 1.99B USD, estimate 1.84B USD, surprise +8.01%, Beat. Q3 2026, reported Aug 5, 2026: actual 2.22B USD, estimate 2.45B USD, surprise -9.31%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 1.8B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$128.4

0.96% downside
Past 12 months12-month forecastHigh $145Average $128.4Low $115

Rating distribution

41 ratings
Strong buy00%
Buy2151%
Hold1434%
Sell615%
Strong sell00%

Recent analyst actions

12 institutions
Goldman SachsmaintainNeutral

CF news

defenseworld.net

Abacus FCF Advisors LLC Invests $9.15 Million in CF Industries Holdings, Inc. $CF

Abacus FCF Advisors LLC bought a new position in CF Industries Holdings, Inc. (NYSE: CF) during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The…

Read source
defenseworld.net

Avalon Trust Co Makes New Investment in CF Industries Holdings, Inc. $CF

Avalon Trust Co purchased a new stake in CF Industries Holdings, Inc. (NYSE: CF) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,000 shares of the basic…

Read source
defenseworld.net

Deane Retirement Strategies Inc. Has $6.71 Million Holdings in CF Industries Holdings, Inc. $CF

Deane Retirement Strategies Inc. boosted its holdings in shares of CF Industries Holdings, Inc. (NYSE: CF) by 27.1% during the undefined quarter, according to the company in its most recent 13F filing with the Securities…

Read source
marketbeat.com

CF Industries Q2 Earnings Call Highlights

CF Industries NYSE: CF reported first-half 2026 adjusted EBITDA of $2.2 billion and second-quarter adjusted EBITDA of $1.2 billion, as tight global nitrogen supply-demand conditions and strong operating performance…

Read source
zacks.com

CF Q2 Earnings Call Highlights Higher Mid-Cycle Earnings Power

CF Industries sees higher mid-cycle earnings power as rising construction costs lift nitrogen economics, with tight fundamentals expected into 2027.

Read source
seekingalpha.com

CF Industries Holdings, Inc. (CF) Q2 2026 Earnings Call Transcript

CF Industries Holdings, Inc. (CF) Q2 2026 Earnings Call Transcript

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.00

2025 complete year+66.7% since 2021

2026 partial: $1.60

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 14, 2026

$0.60

Quarterly

Record Aug 14, 2026 · Payment Aug 31, 2026

Dividend

Ex-dividend May 15, 2026

$0.50

Quarterly

Record May 15, 2026 · Payment May 29, 2026

Dividend

Ex-dividend Feb 13, 2026

$0.50

Quarterly

Record Feb 13, 2026 · Payment Feb 27, 2026

Dividend

Ex-dividend Nov 14, 2025

$0.50

Quarterly

Record Nov 14, 2025 · Payment Nov 28, 2025

Dividend

Ex-dividend Aug 15, 2025

$0.50

Quarterly

Record Aug 15, 2025 · Payment Aug 29, 2025

Dividend

Ex-dividend May 15, 2025

$0.50

Quarterly

Record May 15, 2025 · Payment May 30, 2025

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ETFs holding CF

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
612.58M
Weight
0.03%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
504.78M
Weight
0.03%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
442.06M
Weight
0.24%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
280.82M
Weight
0.41%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
260.26M
Weight
0.03%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
240.17M
Weight
0.03%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
State Street Materials Select Sector SPDR ETF logoState Street Materials Select Sector SPDR ETFXLB
Market value
223.7M
Weight
2.58%
AUM
8.69B USD
Expense ratio
0.08%
Price / 1D
$53.54+2.14%
Invesco S&P 500 Equal Weight ETF logoInvesco S&P 500 Equal Weight ETFRSP
Market value
215.19M
Weight
0.22%
AUM
100.27B USD
Expense ratio
0.20%
Price / 1D
$221.67+0.63%

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