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CF Industries CF Return on invested capital

Return on invested capital at other companies

Air Products and Chemicals logo
Air Products and ChemicalsAPD
15.1%+6.2pp
Linde logo
LindeLIN
11.2%+0.1pp
Union Pacific logo
Union PacificUNP
22.7%+7.3pp
Albemarle logo
AlbemarleALB
-1.3%-0.6pp
Dow logo
DowDOW
-7.1%-10.4pp
Cummins logo
CumminsCMI
22.9%-4.3pp

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%
Free cash flow$273.0M-39.9%

Valuation

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Market cap$16.26B+53.3%
Enterprise value$17.84B+44.5%
P/E7.7×+1.0×
P/S2.2×+0.5×

Profitability

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Gross margin39.1%+2.9pp
Operating margin36.6%+5.6pp
Net margin28.7%+2.7pp

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.

Based on trailing twelve months.

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 return on invested capital?
CF Industries (CF) reported return on invested capital of 32% in Q1 2026.
How has CF Industries's return on invested capital changed year-over-year?
CF Industries's return on invested capital increased by 36.4% year-over-year, from 23.4% to 32%.
What is the long-term trend for CF Industries's return on invested capital?
Over 4 years (2021 to 2025), CF Industries's return on invested capital has grown at a 15.4% compound annual growth rate (CAGR), from 57.4% to 101.9%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.