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CF Industries CF Free cash flow

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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%
CapEx$223.0M+68.9%

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

Calculated from CF Industries’s reported figures.

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 free cash flow?
CF Industries (CF) reported free cash flow of $273M in Q1 2026.
How has CF Industries's free cash flow changed year-over-year?
CF Industries's free cash flow decreased by 39.9% year-over-year, from $454M to $273M.
What is the long-term trend for CF Industries's free cash flow?
Over 4 years (2021 to 2025), CF Industries's free cash flow has grown at a -6.5% compound annual growth rate (CAGR), from $2.36B to $1.8B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.