CF Industries Holdings, Inc. (CF) stock
CFNYSEAgricultural ChemicalsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 17/3049% below fair value
$123.24+0.88 (+0.72%)
Close on Nov 11, 2026Market cap $18.65BP/E 8.7Yield 1.62%
CF Industries operating margin
Operating margin is operating income as a percentage of revenue.
CF Industries's operating margin for the twelve months ending Sep 30, 2026 was 41.6%. For fiscal 2025 it was 32.5%, against 29.4% the year before. The highest annual figure on record is 49.9% in fiscal 2014.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 32.5% | +3.1 |
| FY2024 | Dec 31, 2024 | 29.4% | −4.2 |
| FY2023 | Dec 31, 2023 | 33.6% | −14.6 |
| FY2022 | Dec 31, 2022 | 48.2% | +21.8 |
| FY2021 | Dec 31, 2021 | 26.4% | +11.3 |
| FY2020 | Dec 31, 2020 | 15.1% | −6.7 |
| FY2019 | Dec 31, 2019 | 21.9% | +4.6 |
| FY2018 | Dec 31, 2018 | 17.3% | +11.6 |
| FY2017 | Dec 31, 2017 | 5.7% | +1.9 |
| FY2016 | Dec 31, 2016 | 3.7% | −23.9 |
| FY2015 | Dec 31, 2015 | 27.7% | −22.2 |
| FY2014 | Dec 31, 2014 | 49.9% | +5.8 |
| FY2013 | Dec 31, 2013 | 44.1% | −4.4 |
| FY2012 | Dec 31, 2012 | 48.5% | +2.7 |
| FY2011 | Dec 31, 2011 | 45.8% | +23.2 |
| FY2010 | Dec 31, 2010 | 22.6% | −3.5 |
| FY2009 | Dec 31, 2009 | 26.1% | −3.3 |
| FY2008 | Dec 31, 2008 | 29.3% | +7.5 |
| FY2007 | Dec 31, 2007 | 21.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 37.7% | +2.7 |
| Q2 FY2026 | Jun 30, 2026 | 50.5% | +16.2 |
| Q1 FY2026 | Mar 31, 2026 | 43.5% | +16.1 |
| Q4 FY2025 | Dec 31, 2025 | 33.0% | +4.0 |
| Q3 FY2025 | Sep 30, 2025 | 35.0% | +8.4 |
| Q2 FY2025 | Jun 30, 2025 | 34.3% | −6.3 |
| Q1 FY2025 | Mar 31, 2025 | 27.4% | +6.7 |
| Q4 FY2024 | Dec 31, 2024 | 28.9% | +1.8 |
| Q3 FY2024 | Sep 30, 2024 | 26.6% | +7.4 |
| Q2 FY2024 | Jun 30, 2024 | 40.6% | −0.8 |
| Q1 FY2024 | Mar 31, 2024 | 20.6% | −20.4 |
| Q4 FY2023 | Dec 31, 2023 | 27.1% | −19.3 |
| Q3 FY2023 | Sep 30, 2023 | 19.2% | −13.1 |
| Q2 FY2023 | Jun 30, 2023 | 41.4% | −11.1 |
| Q1 FY2023 | Mar 31, 2023 | 41.1% | −16.8 |
| Q4 FY2022 | Dec 31, 2022 | 46.4% | +2.0 |
| Q3 FY2022 | Sep 30, 2022 | 32.3% | +39.4 |
| Q2 FY2022 | Jun 30, 2022 | 52.5% | +24.1 |
| Q1 FY2022 | Mar 31, 2022 | 57.8% | +34.2 |
| Q4 FY2021 | Dec 31, 2021 | 44.4% | +30.3 |
| Q3 FY2021 | Sep 30, 2021 | -7.1% | −11.8 |
| Q2 FY2021 | Jun 30, 2021 | 28.3% | +5.1 |
| Q1 FY2021 | Mar 31, 2021 | 23.6% | +8.4 |
| Q4 FY2020 | Dec 31, 2020 | 14.2% | −2.5 |
| Q3 FY2020 | Sep 30, 2020 | 4.7% | −13.4 |
| Q2 FY2020 | Jun 30, 2020 | 23.3% | −8.4 |
| Q1 FY2020 | Mar 31, 2020 | 15.1% | −1.3 |
| Q4 FY2019 | Dec 31, 2019 | 16.7% | −0.5 |
| Q3 FY2019 | Sep 30, 2019 | 18.1% | +5.0 |
| Q2 FY2019 | Jun 30, 2019 | 31.6% | +10.5 |
| Q1 FY2019 | Mar 31, 2019 | 16.5% | −0.3 |
| Q4 FY2018 | Dec 31, 2018 | 17.2% | +7.7 |
| Q3 FY2018 | Sep 30, 2018 | 13.1% | +17.3 |
| Q2 FY2018 | Jun 30, 2018 | 21.1% | +11.5 |
| Q1 FY2018 | Mar 31, 2018 | 16.8% | +11.2 |
| Q4 FY2017 | Dec 31, 2017 | 9.6% | +20.6 |
| Q3 FY2017 | Sep 30, 2017 | -4.3% | – |
| Q2 FY2017 | Jun 30, 2017 | 9.6% | – |
| Q1 FY2017 | Mar 31, 2017 | 5.6% | – |
| Q4 FY2016 | Dec 31, 2016 | -11.1% | – |
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