What is CF Industries's capex?

CF Industries (CF) reported capex of $223M in Q1 2026.

How has CF Industries's capex changed year-over-year?

CF Industries's capex increased by 68.9% year-over-year, from $132M to $223M.

What is the long-term trend for CF Industries's capex?

Over 4 years (2021 to 2025), CF Industries's capex has grown at a 16.6% compound annual growth rate (CAGR), from $514M to $950M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

CF Industries CF CapEx

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Other financials

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%

Free cash flow$273.0M-39.9%

Valuation

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Market cap$16.63B+15.6%

Enterprise value$18.21B+13.6%

P/E7.8×-1.3×

P/S2.3×0.0×

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×

Where this comes from

Reported directly by CF Industries in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: CF Industries’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CF Industries's capex?: CF Industries (CF) reported capex of $223M in Q1 2026.
How has CF Industries's capex changed year-over-year?: CF Industries's capex increased by 68.9% year-over-year, from $132M to $223M.
What is the long-term trend for CF Industries's capex?: Over 4 years (2021 to 2025), CF Industries's capex has grown at a 16.6% compound annual growth rate (CAGR), from $514M to $950M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.