CF Industries Holdings, Inc. (CF) Financial Statements
Industry: Agricultural Chemicals
In fiscal 2025, CF Industries reported revenue of $7.08B, up 19.3% from $5.94B the year before. Net income was $1.46B (a 20.5% net margin), or $8.97 per diluted share. Gross margin was 38.5% and operating margin was 32.5%. Operating activities generated $2.75B of cash, leaving $1.80B of free cash flow. At fiscal year end, CF Industries held $14.09B in total assets against $9.25B in total liabilities.
Open the full interactive CF Industries financials → Quarterly statements, key ratios, valuation history and price charts.
CF Industries Key Stats
| Share Price | $117.25 |
|---|---|
| Market Cap | $18.04B |
| P/E Ratio | 13.1 |
| Revenue YoY Growth | +19.3% |
| 52-Week Range | $74.99 – $139.27 |
| Shares Outstanding | 153.6 million (basic, 2026 Q2) |
CF Industries Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.12B | $6.54B | $11.19B | $6.63B | $5.94B | $7.08B |
| Gross Profit | $801.0M | $2.39B | $5.86B | $2.54B | $2.06B | $2.72B |
| Operating Income | $623.0M | $1.73B | $5.40B | $2.23B | $1.75B | $2.30B |
| Pre-Tax Income | $463.0M | $1.54B | $5.09B | $2.25B | $1.76B | $2.24B |
| Income Tax | $31.0M | $283.0M | $1.16B | $410.0M | $285.0M | $441.0M |
| Net Income | $317.0M | $917.0M | $3.35B | $1.52B | $1.22B | $1.46B |
| Diluted EPS | $1.47 | $4.24 | $16.38 | $7.87 | $6.74 | $8.97 |
CF Industries Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.66B | $1.87B | $1.99B | $2.22B |
| Net Income | $353.0M | $404.0M | $615.0M | $727.0M |
| Diluted EPS | $2.19 | $2.49 | $3.98 | $4.73 |
CF Industries Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $1.37B | $2.59B | $3.67B | $3.05B | $2.52B | $2.98B |
| Total Assets | $12.02B | $12.38B | $13.31B | $14.38B | $13.47B | $14.09B |
| Current Liabilities | $906.0M | $1.43B | $995.0M | $800.0M | $818.0M | $887.0M |
| Total Long-Term Debt | $3.96B | $3.46B | $2.96B | $2.97B | $2.97B | $3.21B |
| Total Liabilities | $9.10B | $9.17B | $8.26B | $8.66B | $8.48B | $9.25B |
| Shareholders' Equity | $2.92B | $3.21B | $5.05B | $5.72B | $4.99B | $4.84B |
CF Industries Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.23B | $2.87B | $3.85B | $2.76B | $2.27B | $2.75B |
| Cash From Investing | -$299.0M | -$466.0M | -$440.0M | -$1.68B | -$469.0M | -$933.0M |
| Cash From Financing | -$542.0M | -$1.46B | -$2.70B | -$1.37B | -$2.21B | -$1.48B |
| Free Cash Flow | $922.0M | $2.36B | $3.40B | $2.26B | $1.75B | $1.80B |
Figures from CF Industries' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full CF Industries financials page for every line item.
CF Industries Company Profile
| Ticker | CF |
|---|---|
| Exchange | NYSE |
| Industry | Agricultural Chemicals |
| Headquarters | Northbrook, Illinois |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001324404 |
Frequently Asked Questions
What was CF Industries' revenue in fiscal 2025?
CF Industries (CF) reported revenue of $7.08B for fiscal 2025.
What is CF Industries' annual revenue history?
CF Industries' annual revenue by fiscal year: 2020: $4.12B; 2021: $6.54B; 2022: $11.19B; 2023: $6.63B; 2024: $5.94B; 2025: $7.08B.
What was CF Industries' net income in fiscal 2025?
CF Industries reported net income of $1.46B for fiscal 2025.
What was CF Industries' earnings per share (EPS) in fiscal 2025?
CF Industries' diluted EPS was $8.97 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did CF Industries generate in fiscal 2025?
CF Industries generated $1.80B of free cash flow in fiscal 2025.
What was CF Industries' revenue last quarter?
In its most recent reported quarter (2026 Q2), CF Industries reported revenue of $2.22B.
How much debt does CF Industries have?
CF Industries reported $3.21B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of CF Industries are outstanding?
CF Industries reported a weighted average of 153.6 million basic shares outstanding in 2026 Q2.
What is CF Industries' market cap?
Based on its latest closing price, CF Industries (CF) has a market capitalization of about $18.04B.
When does CF Industries' fiscal year end?
CF Industries' fiscal year end, as registered with the SEC, is December 31.
Where is CF Industries headquartered?
CF Industries lists its business address in Northbrook, Illinois in its SEC filings.