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CF Industries Income Statement

Revenue, expenses, and profitability over time

CF Industries generated $7.4B in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $2.1B with a 28.66% net margin. Gross margin stands at 39.13% and operating margin at 36.56%. Diluted EPS is $11.12, which grew 0.5% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$7.4BGross Profit (TTM)$2.9BOperating Income (TTM)$2.7BNet Income (TTM)$2.1BEps Diluted (TTM)$11.12
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$19.2B
P/E Ratio9.06
ROE41.95%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Common Stock Dividends Per Share—$0.5$0.5$0.5—$0.5
Dividends per share declared—$0.5$0.5$0.5—$0.5
Reclassifications Net of Tax$328.0M$312.0M$386.0M$353.0M$404.0M$615.0M
Dividends per share declared—$0.5$0.5$0.5—$0.5
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Dividends declared (in dollars per share)—$0.5$0.5$0.5—$0.5
Equity in earnings of operating affiliate$3.0M$4.0M$2.0M$6.0M$2.0M$6.0M
Gain on sale of business and assets$0.0-$23.0M———$0.0
Interest Income, Other$33.0M$17.0M$17.0M$23.0M$24.0M$20.0M
Other Miscellaneous Operating Income (Expense), Net—-$14.0M———$44.0M
Other income, net (Note 6)$6.0M$2.0M$6.0M$3.0M$8.0M$0.0
Other income, net—-$121.0M-$8.0M$30.0M$17.0M$111.0M
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Expense, Net—-$121.0M-$8.0M$30.0M$17.0M$111.0M
Impairment charges$0.0$19.0M$19.0M$19.0M$19.0M—
Other operating income (expense), net—-$121.0M-$8.0M$30.0M$17.0M$111.0M
Other operating expenses—-$121.0M-$8.0M$30.0M$17.0M$111.0M
Restructuring charges$0.0$23.0M$0.0$0.0$0.0$0.0
Selling, general and administrative$78.0M$84.0M$101.0M$88.0M$91.0M$103.0M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Income—-$121.0M-$8.0M$30.0M$17.0M$111.0M
Other operating income (expense), net—-$121.0M-$8.0M$30.0M$17.0M$111.0M
Gross profit$524.0M$572.0M$755.0M$632.0M$765.0M$746.0M
Operating income$441.0M$455.0M$648.0M$580.0M$617.0M$863.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Common Stock Dividends Per Share (Declared)—$0.5$0.5$0.5—$0.5
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Basic earnings per share$1.88$1.85$2.37$2.19$2.58$3.99
Diluted earnings per share$1.88$1.85$2.37$2.19$2.58$3.98
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Common stock dividends per share declared—$0.5$0.5$0.5—$0.5
Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Dividends per share declared—$0.5$0.5$0.5—$0.5
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Dividends per share declared—$0.5$0.5$0.5—$0.5
Dividends per share declared—$0.5$0.5$0.5—$0.5
Dividends per Share Declared—$0.5$0.5$0.5—$0.5
Dividends per share declared—$0.50$0.50$0.50—$0.50
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Common stock dividends per share declared—$0.5$0.5$0.5—$0.5
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Common Stock Dividends Per Share Declared—$0.5$0.5$0.5—$0.5
Common stock dividends per share declared—$0.5$0.5$0.5—$0.5
Weighted-average shares, basic—168.6M162.9M161M—154.2M
Weighted-average shares, diluted—168.8M163.1M161.2M—154.5M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$328.0M$312.0M$386.0M$353.0M$404.0M$615.0M
Common Dividends Declared (Per Share)—$0.5$0.5$0.5—$0.5
Net earnings to common$328.0M$312.0M$386.0M$353.0M$404.0M$615.0M
Net Income Available to Common Shareholders$328.0M$312.0M$386.0M$353.0M$404.0M$615.0M
Net income$392.0M$351.0M$492.0M$460.0M$495.0M$676.0M
Net income attributable to common stock$328.0M$312.0M$386.0M$353.0M$404.0M$615.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments—$4.0M$2.0M$1.0M—$6.0M
Gain on Sale of Business$0.0-$23.0M———$0.0
Other Charges$6.0M$2.0M$6.0M$3.0M$8.0M$0.0
Interest expense$47.0M$37.0M$36.0M$41.0M$41.0M$39.0M
Interest income$33.0M$17.0M$17.0M$23.0M$24.0M$20.0M
Other income (expense), net$6.0M$2.0M$6.0M$3.0M$8.0M$0.0
Litigation settlement gain (loss)—$0.0———$170.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$433.0M$437.0M$635.0M$565.0M$602.0M$844.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$41.0M$86.0M$143.0M$105.0M$107.0M$168.0M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$1.0B$1.1B$1.1B$1.0B$1.1B$1.2B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.5B$1.7B$1.9B$1.7B$1.9B$2.0B