CF Industries Holdings, Inc.
CF· NYSE· Agricultural Chemicals
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 25.4%
- ROIC, 5 yr avg
- 36.4%
- Revenue, 5 yr CAGR
- +11.4%
We record prices for the companies we cover; CF is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 162.2M
- Revenue
- $7.1B
- Free cash flow
- $1.8B
- Owner earnings
- $1.8B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 38.5%
- Operating
- 32.5%
- Net
- –
- Free cash flow
- 25.4%
- Owner earnings
- 24.8%
- Stock pay
- 0.6%
Returns
- ROIC, FY2025
- 30.4%
- ROIC, 5 yr avg
- 36.4%
- ROE, FY2025
- –
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- -14.1%
- Revenue, 5 yr
- 11.4%
- Revenue, 9 yr
- 7.5%
- Diluted EPS, 3 yr
- -18.2%
- Diluted EPS, 5 yr
- 43.6%
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- -19.1%
- Free cash flow, 5 yr
- 14.3%
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $2.0B
- Total debt
- $3.2B
- Net debt
- $1.2B
- Debt/Equity
- 0.7x
- Debt/FCF
- 1.8x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -5.5%
Financials: ten years from the 10-Ks
Revenue
$7.1B
+7.5% a year over 9 years
FY2016FY2025
Margins
Gross38.5%Operating32.5%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$1.8BOwner earnings$1.8B
FY2025
FY2016FY2025
Diluted shares
162.2M
-30.4% over 9 years, net buybacks
FY2016FY2025
Return on invested capital
30.4%
FY2025
FY2016FY2025
Net debt (below zero)
-$1.2B
$1.2B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $3.7B | $4.1B | $4.4B | $4.6B | $4.1B | $6.5B | $11.2B | $6.6B | $5.9B | $7.1B |
| Revenue growth | -14.5% | 12.1% | 7.2% | 3.6% | -10.2% | 58.5% | 71.1% | -40.7% | -10.5% | 19.3% |
| Gross margin | 22.9% | 10.5% | 20.7% | 25.6% | 19.4% | 36.5% | 52.4% | 38.4% | 34.6% | 38.5% |
| Operating margin | 3.7% | 5.7% | 17.3% | 21.9% | 15.1% | 26.4% | 48.2% | 33.6% | 29.4% | 32.5% |
| Net income | – | – | – | – | – | – | – | – | – | – |
| Net margin | – | – | – | – | – | – | – | – | – | – |
| Diluted EPS | $-1.19 | $1.53 | $1.24 | $2.23 | $1.47 | $4.24 | $16.38 | $7.87 | $6.74 | $8.97 |
| Return on invested capital? | – | – | 8.6% | 12.8% | 9.4% | 28.0% | 73.3% | 27.4% | 23.1% | 30.4% |
| Cash | ||||||||||
| Operating cash flow | $617.0M | $1.6B | $1.5B | $1.5B | $1.2B | $2.9B | $3.9B | $2.8B | $2.3B | $2.8B |
| Capital expenditure | $2.2B | $473.0M | $422.0M | $404.0M | $309.0M | $514.0M | $453.0M | $499.0M | $518.0M | $950.0M |
| Free cash flow | -$1.6B | $1.2B | $1.1B | $1.1B | $922.0M | $2.4B | $3.4B | $2.3B | $1.8B | $1.8B |
| Stock-based compensation | $19.0M | $17.0M | $22.0M | $28.0M | $25.0M | $30.0M | $41.0M | $37.0M | $36.0M | $45.0M |
| Owner earnings? | -$1.6B | $1.1B | $1.1B | $1.1B | $897.0M | $2.3B | $3.4B | $2.2B | $1.7B | $1.8B |
| Free cash flow per share | $-6.84 | $4.95 | $4.60 | $4.97 | $4.28 | $10.91 | $16.66 | $11.65 | $9.70 | $11.11 |
| Capital allocation | ||||||||||
| Dividends paid | $280.0M | $280.0M | $280.0M | $265.0M | $258.0M | $260.0M | $306.0M | $311.0M | $364.0M | $326.0M |
| Share repurchases | $0 | $0 | $467.0M | $370.0M | $100.0M | $539.0M | $1.3B | $580.0M | $1.5B | $1.4B |
| Diluted shares | 233.1M | 233.9M | 233.8M | 221.6M | 215.2M | 216.2M | 204.2M | 193.8M | 180.7M | 162.2M |
| Share count change? | -1.3% | 0.3% | 0.0% | -5.2% | -2.9% | 0.5% | -5.6% | -5.1% | -6.8% | -10.2% |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.2B | $835.0M | $682.0M | $287.0M | $683.0M | $1.6B | $2.3B | $2.0B | $1.6B | $2.0B |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $5.8B | $4.7B | $4.7B | $4.0B | $4.0B | $3.5B | $3.0B | $3.0B | $3.0B | $3.2B |
| Net debt | $4.6B | $3.9B | $4.0B | $3.7B | $3.3B | $1.8B | $642.0M | $936.0M | $1.4B | $1.2B |
| Shareholders' equity | $3.3B | $3.6B | $3.0B | $2.9B | $2.9B | $3.2B | $5.1B | $5.7B | $5.0B | $4.8B |
Latest filings
| 2026-08-06 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Earnings release |
| 2026-08-05 | 8-K | Earnings release |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-05-06 | 8-K | Earnings release |
| 2026-05-06 | 8-K | Earnings release |
| 2026-03-17 | DEF 14A | Proxy statement |
| 2026-02-25 | 10-K | Annual report |
| 2026-02-18 | 8-K | Earnings release |
| 2026-02-18 | 8-K | Earnings release |
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