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CF Industries

CF

CF Industries is a global leader in the manufacturing and distribution of nitrogen products for agricultural, industrial, and energy applications.

Market cap
$17.98B+17.2%
Revenue$7.4B+20.8%
Net income$2.1B+33.5%
Free cash flow$1.6B-12.9%
EPS (diluted)$11.12+46.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$2.5B
EPS estimate$5.71

Financials

Q1 2026

Income statement

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Revenue$2.0B+19.4%
Gross profit$746.0M+30.4%
Operating income$863.0M+89.7%
Net income$676.0M+92.6%
EPS (diluted)$3.98+115%

Balance sheet

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Cash & equivalents$2.0B+45.2%
Total debt$3.6B+9.8%
Total equity$5.3B+11.8%
Total assets$14.6B+9.8%

Cash flow

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Operating cash flow$496.0M-15.4%
CapEx$223.0M+68.9%
Free cash flow$273.0M-39.9%

Valuation & ratios

Valuation

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Market cap$17.98B+17.2%
Enterprise value$19.56B+15.2%
P/E8.5×-1.3×
P/S2.4×0.0×

Profitability

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Gross margin39.1%+2.9pp
Operating margin36.6%+5.6pp
Net margin28.7%+2.7pp
FCF margin21.9%-8.5pp

Returns & leverage

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Return on equity41.9%+10.8pp
Debt / equity0.7×0.0×
Current ratio3.5×+0.9×

Segments

By segment

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Ammonia$627.0M+20.6%
Granular Urea$590.0M+34.4%
UAN$583.0M+24.0%
Other$128.0M-3.8%
AN$58.0M-42.6%

Competitors

Profile

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.

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.

GeographiesUnited States, Canada, United Kingdom, Trinidad and Tobago
Customer segmentsAgriculture, Industrial, Energy, Mining and Explosives
Business modelManufacturing, Commodity Production, Wholesale Distribution
SuppliersNatural Gas Suppliers, Pipeline Operators, Electricity Providers, Water Utilities
CustomersAgricultural Cooperatives, Retail Fertilizer Dealers, Industrial Chemical Manufacturers, Power Generation Companies, Marine Shipping Operators
Listed2005
Employees2.7K
CEOChristopher D. Bohn
FilingsSEC EDGAR

Questions, answered.

What is CF Industries's market cap?
CF Industries (CF) has a market capitalization of $18.0B and trades on NYSE.
What is CF Industries's revenue and profitability?
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.
Who are CF Industries's competitors?
CF Industries's key competitors include CVR Partners, LP, LSB Industries, AdvanSix Inc., and others. These companies compete in similar markets and product categories.
Who does CF Industries partner with?
CF Industries's notable partners include ExxonMobil, JERA Co., Inc., Mitsui & Co., Ltd., and others.
What subsidiaries does CF Industries have?
CF Industries's subsidiaries include CF Industries Nitrogen, LLC, Terra Industries Inc., CF Fertilisers UK Group Limited, and others.
Where is CF Industries headquartered?
CF Industries is headquartered in United States of America and employs approximately 2,700 people. It has been publicly traded since 2005.