CFNYSEAgricultural ChemicalsFiscal year ends December 31
CF Industries Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$118.51−2.34 (-1.94%)
Close on Oct 19, 2026
- Market cap
- $18.24B
- P/E (TTM)
- 8.8
- Dividend yield
- 1.69%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
38.5%+19.0 pts over 5 years
Operating margin
32.5%+17.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +19.3% | -14.1% | +11.4% | +5.1% | |
| Gross profit | +32.5% | -22.5% | +27.7% | +5.8% | |
| Operating income | +31.7% | -24.7% | +29.9% | +6.8% | |
| EPS, diluted | +33.1% | -18.2% | +43.6% | +11.7% | |
| Free cash flow | +2.8% | -19.1% | +14.3% | – | |
| Dividend per share | 0.0% | +10.1% | +10.8% | +5.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | 3.87 | 1.51 | 3.37 | |
| Debt to equity | 1.73 | 1.36 | 0.66 | |
| Net debt to EBITDA | 5.65× | 2.16× | 0.81× | |
| Interest coverage | 0.7× | 3.5× | 14.8× | |
| Inventory turnover | 8.6× | 10.4× | 12.5× | |
| Capex to revenue | 60.0% | 7.5% | 13.4% | |
| Diluted shares | 233M | 215M | 162M |
Where the cash went
Fiscal 2021 to 2025, five years combined
CF Industries generated $14.51B from operations and spent $9.84B on capital expenditure, dividends and share buybacks. 30% of that went back into the business.
Generated
$14.51B
Used
$9.84B
Capital expenditure$2.93B30%Dividends$1.57B16%Share buybacks$5.34B54%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$2.75B
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$2.75B vs –
- Less leverageLong-term debt to assets fell22.1% → 22.8%
- Better liquidityCurrent ratio rose3.08 → 3.37
- No dilutionShare count did not rise181M → 162M
- Gross margin improvedGross margin up on the prior year34.64% → 38.45%
- More efficientAsset turnover rose0.41 → 0.53