CF Industries
CF Industries is a global leader in the manufacturing and distribution of nitrogen products for agricultural, industrial, and energy applications. The company operates the world's largest ammonia production network and is actively transitioning toward low-carbon ammonia to support global decarbonization and clean energy initiatives. Its value chain integrates large-scale manufacturing complexes with an extensive North American storage and distribution infrastructure.
Financials
Based on Q1 2026 filing
Revenue
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Ammonia
primaryThe company's core product containing 82% nitrogen and 18% hydrogen, used as a direct-application fertilizer and as a feedstock for upgraded nitrogen products. It is also being developed as a low-carbon fuel source for power generation and marine shipping.
Anhydrous Ammonia, Low-carbon Ammonia
Agricultural Cooperatives, Independent Distributors, Industrial Users, Power Generation Utilities
UAN
primaryAn aqueous solution of urea and ammonium nitrate used as a liquid fertilizer. It offers high flexibility for farmers through various application methods including irrigation and spraying.
Urea Ammonium Nitrate (UAN) Solution
Retailers, Independent Fertilizer Distributors, Agricultural Cooperatives
Granular Urea
majorA solid nitrogen fertilizer produced by combining ammonia with carbon dioxide. It is widely used for its high nitrogen content and ease of handling in agricultural applications.
Granular Urea
Retailers, Wholesalers, Agricultural Cooperatives
AN
moderateAmmonium nitrate products used primarily as high-density fertilizer in the UK and as a component for the commercial explosives industry.
Ammonium Nitrate (AN), Amtrate, Industrial-grade AN (IGAN)
Commercial Explosives Industry, UK Agricultural Markets, Industrial Users
Other
moderateA segment comprising nitrogen-based products primarily for industrial applications, including emissions abatement and chemical manufacturing.
Diesel Exhaust Fluid (DEF), Urea Liquor, Nitric Acid, Aqua Ammonia, Dinitrogen Tetroxide
Industrial Users, Transportation Companies, Chemical Manufacturers
Segment Financials
Ammonia — Distribution and storage
View metricAmmonia — Freight
View metricAmmonia — Net Sales
View metricUAN — Net Sales
View metricUAN — Distribution and storage
View metricUAN — Natural gas, including the impact of realized derivatives
View metricGranular Urea — Distribution and storage
View metricGranular Urea — Natural gas, including the impact of realized derivatives
View metricGranular Urea — Net Sales
View metricAN — Net Sales
View metricAN — Freight
View metricAN — D&A
View metricAmmonia — Other segment items
View metricAN — Other segment items
View metricNorth America — Net Sales
View metricBusiness Overview
Competitive Position
CF Industries maintains a leading global position as the world's largest ammonia producer with a highly advantaged cost structure due to its North American natural gas access.
Geographies
United States, Canada, United Kingdom, Trinidad and Tobago
Customer Segments
Agriculture, Industrial, Energy, Mining and Explosives
Upstream Dependencies
Natural Gas Suppliers, Pipeline Operators, Electricity Providers, Water Utilities
Downstream Customers
Agricultural Cooperatives, Retail Fertilizer Dealers, Industrial Chemical Manufacturers, Power Generation Companies, Marine Shipping Operators
Competitors & Partners
Competitors
Partners
Exxon Mobil
XOM
Carbon capture and sequestration partner for Donaldsonville and Yazoo City projects
JERA Co., Inc.
Joint venture partner in the Blue Point low-carbon ammonia project
Linde
LIN
Supplier for air separation unit at the Blue Point complex
Occidental Petroleum
OXY
CO2 transport and sequestration partner via its subsidiary
Enbridge
ENB
CO2 transport and sequestration partner
Koch Fertilizer LLC
Joint venture partner in Point Lisas Nitrogen Limited
Subsidiaries
CF Industries Nitrogen, LLC
Core manufacturing subsidiary owning multiple US facilities
Terra Industries Inc.
Acquired nitrogen producer
CF Fertilisers UK Group Limited
United Kingdom manufacturing operations
Blue Point Number One, LLC
Consolidated joint venture for low-carbon ammonia production
CF Industries FAQ
Common questions about CF Industries
CF Industries is a global leader in the manufacturing and distribution of nitrogen products for agricultural, industrial, and energy applications. The company operates the world's largest ammonia production network and is actively transitioning toward low-carbon ammonia to support global decarbonization and clean energy initiatives. Its value chain integrates large-scale manufacturing complexes with an extensive North American storage and distribution infrastructure.
CF Industries (CF) has a market capitalization of $19.2B and trades on NYSE.
CF Industries generated $7.4B in trailing twelve-month revenue with net income of $2.1B, representing a net margin of 28.7%. Gross margin stands at 39.1%, with free cash flow of $1.6B. These figures are based on the Q1 2026 filing.
CF Industries's key competitors include Air Products & Chemicals, Inc., Nutrien Ltd., CVR Partners, LP, and others. These companies compete in similar markets and product categories.
CF Industries has approximately 2,700 employees.