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CF Industries CF Gain on sale of emission credits

Gain on sale of emission credits at other companies

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Other financials

Income statement

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Revenue$2.2B+17.6%
Gross profit$1.1B+51.7%
Operating income$1.1B+73.0%
Net income$869.0M+76.6%
EPS (diluted)$4.73+99.6%

Balance sheet

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Cash & equivalents$2.5B+47.1%
Total debt$3.6B+8.6%
Total equity$5.7B+15.8%
Total assets$15.1B+9.8%

Cash flow

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Operating cash flow$878.0M+56.0%
CapEx$271.0M+10.6%
Free cash flow$607.0M+90.9%

Valuation

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Market cap$17.31B+32.1%
Enterprise value$18.44B+25.0%
P/E6.9×-1.4×
P/S2.2×+0.2×

Profitability

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Gross margin42.5%+6.9pp
Operating margin41.1%+11.5pp
Net margin32.3%+7.9pp
FCF margin24.7%-3.0pp

Returns & leverage

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Return on equity46.7%+16.4pp
Debt / equity0.6×0.0×
Current ratio4.9×+1.6×

Where this comes from

Reported directly by CF Industries in its filing.

Tagged under the XBRL concept cf:GainOnSaleOfEmissionCredits.

The source filing: CF Industries’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 4:51 PM EST
Fiscal year
FY2025
Accession
0001324404-26-000007
Line itemYear ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
Loss on debt extinguishment6
Asset impairment76
Pension settlement loss1
Gain on sale of emission credits(8)(47)(39)
Loss on disposal of property, plant and equipment3124
Loss on sale of Ince facility23
Undistributed (earnings) loss of affiliate—net of taxes(4)(2)3
Changes in assets and liabilities:

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

FAQ

What is CF Industries's gain on sale of emission credits?
CF Industries (CF) reported gain on sale of emission credits of $2M in Q4 2025.
How has CF Industries's gain on sale of emission credits changed year-over-year?
CF Industries's gain on sale of emission credits decreased by 83.0% year-over-year, from $11.75M to $2M.
What is the long-term trend for CF Industries's gain on sale of emission credits?
Over 4 years (2021 to 2025), CF Industries's gain on sale of emission credits has grown at a -36.4% compound annual growth rate (CAGR), from $49M to $8M.
What does gain on sale of emission credits mean?
This represents the proceeds or gains recognized from the sale of excess carbon or emission credits. It reflects the company's ability to monetize environmental compliance assets beyond its own operational requirements.

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