CF Industries CF Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Sales by Business | ||||||
| Ammonia | $627M-11.4% | $708M+54.9% | $457M-6.9% | $491M-5.6% | $520M-9.1% | |
| AN | $58M-28.4% | $81M-33.6% | $122M+4.3% | $117M+15.8% | $101M0.0% | |
| Granular Urea | $590M+58.6% | $372M-12.1% | $423M-22.7% | $547M+24.6% | $439M+26.1% | |
| Other | $128M-12.9% | $147M+5.0% | $140M+12.0% | $125M-6.0% | $133M+1.5% | |
| Other Products | $128M-12.9% | $147M+5.0% | $140M+12.0% | $125M-6.0% | $133M+1.5% | |
| UAN | $583M+3.4% | $564M+9.1% | $517M-15.2% | $610M+29.8% | $470M+26.3% | |
| Gross Profit by Business | ||||||
| Ammonia | $227M-9.9% | $252M+133% | $108M-20.6% | $136M-26.9% | $186M-6.1% | |
| AN | -$11M-257% | $7M-77.4% | $31M+24.0% | $25M+56.3% | $16M-30.4% | |
| Granular Urea | $255M+48.3% | $172M-19.2% | $213M-23.7% | $279M+61.3% | $173M+30.1% | |
| Other | $25M-54.5% | $55M+10.0% | $50M+11.1% | $45M-18.2% | $55M+1.9% | |
| UAN | $250M-10.4% | $279M+21.3% | $230M-14.8% | $270M+90.1% | $142M+22.4% | |
| Other segment items by Business | ||||||
| Ammonia | $142M-4.1% | $148M+18.4% | $125M+5.0% | $119M+2.6% | $116M-17.7% | |
| AN | $62M+6.9% | $58M-7.9% | $63M+6.8% | $59M-1.7% | $60M+15.4% | |
| Granular Urea | $115M+59.7% | $72M-15.3% | $85M-14.1% | $99M+10.0% | $90M+7.1% | |
| Other | $56M+30.2% | $43M0.0% | $43M+22.9% | $35M+2.9% | $34M-12.8% | |
| UAN | $106M+9.3% | $97M-11.8% | $110M-6.0% | $117M+15.8% | $101M+14.8% | |
| Cost of Sales by Business | ||||||
| Ammonia | $400M-12.3% | $456M+30.7% | $349M-1.7% | $355M+6.3% | $334M-10.7% | |
| AN | $69M-6.8% | $74M-18.7% | $91M-1.1% | $92M+8.2% | $85M+9.0% | |
| Granular Urea | $335M+67.5% | $200M-4.8% | $210M-21.6% | $268M+0.8% | $266M+23.7% | |
| Other | $103M+12.0% | $92M+2.2% | $90M+12.5% | $80M+2.6% | $78M+1.3% | |
| UAN | $333M+16.8% | $285M-0.7% | $287M-15.6% | $340M+3.7% | $328M+28.1% | |
| Natural gas, including the impact of realized derivatives by Business | ||||||
| Ammonia | $136M+19.3% | $114M+15.2% | $99M-8.3% | $108M-1.8% | $110M+32.5% | |
| AN | $1M-80.0% | $5M-50.0% | $10M-28.6% | $14M+40.0% | $10M+11.1% | |
| Granular Urea | $130M+100% | $65M+12.1% | $58M-30.1% | $83M-12.6% | $95M+63.8% | |
| Other | $17M+21.4% | $14M+16.7% | $12M0.0% | $12M-20.0% | $15M+50.0% | |
| UAN | $113M+50.7% | $75M+8.7% | $69M-24.2% | $91M-12.5% | $104M+79.3% | |
| D&A by Business | ||||||
| Ammonia | $69M-25.8% | $93M+29.2% | $72M+20.0% | $60M+9.1% | $55M-21.4% | |
| AN | $3M-40.0% | $5M-50.0% | $10M0.0% | $10M+25.0% | $8M-11.1% | |
| Granular Urea | $76M+46.2% | $52M-10.3% | $58M-19.4% | $72M+1.4% | $71M+6.0% | |
| Other | $16M-11.1% | $18M+5.9% | $17M0.0% | $17M+30.8% | $13M0.0% | |
| UAN | $64M+6.7% | $60M0.0% | $60M-16.7% | $72M-1.4% | $73M+17.7% | |
| Goodwill by Business | ||||||
| Ammonia | $980M-0.1% | $981M+0.1% | $980M-0.1% | $981M+0.1% | $980M0.0% | |
| AN | $69M0.0% | $69M0.0% | $69M0.0% | $69M0.0% | $69M0.0% | |
| Granular Urea | $828M0.0% | $828M0.0% | $828M0.0% | $828M0.0% | $828M0.0% | |
| Other | $39M0.0% | $39M0.0% | $39M0.0% | $39M0.0% | $39M0.0% | |
| UAN | $576M0.0% | $576M0.0% | $576M0.0% | $576M0.0% | $576M0.0% | |
| Freight by Business | ||||||
| Ammonia | $15M+36.4% | $11M-31.3% | $16M+60.0% | $10M-33.3% | $15M+25.0% | |
| AN | $3M-50.0% | $6M-25.0% | $8M-11.1% | $9M+28.6% | $7M-12.5% | |
| Granular Urea | $11M+37.5% | $8M+33.3% | $6M-50.0% | $12M+71.4% | $7M+75.0% | |
| Other | $14M-17.6% | $17M0.0% | $17M+21.4% | $14M-12.5% | $16M+6.7% | |
| UAN | $36M-12.2% | $41M+13.9% | $36M+2.9% | $35M-2.8% | $36M0.0% | |
| Effect of exchange rate changes by Business | ||||||
| Ammonia | -$1M-500% | $250K0.0% | $250K0.0% | $250K0.0% | $250K+200% | |
| AN | $0— | $0— | $0— | $0— | $0— | |
| Granular Urea | $0— | $0— | $0— | $0— | $0— | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| UAN | $0— | $0— | $0— | $0— | $0— | |
| Unrealized net mark-to-market (gain) loss on natural gas derivatives by Business | ||||||
| Ammonia | -$1M+66.7% | -$3M— | $0— | $0-100% | $1M-96.0% | |
| Granular Urea | $1M+200% | -$1M— | $0— | $0— | $0-100% | |
| UAN | -$1M+50.0% | -$2M-300% | $1M— | $0-100% | $1M-94.7% | |
| Distribution and storage by Business | ||||||
| Ammonia | $39M-56.2% | $89M+141% | $37M-36.2% | $58M+56.8% | $37M-46.4% | |
| Granular Urea | $4M+100% | $2M-33.3% | $3M+50.0% | $2M-33.3% | $3M+50.0% | |
| UAN | $15M+50.0% | $10M-23.1% | $13M-48.0% | $25M+92.3% | $13M0.0% | |
| Net Sales by Geography | ||||||
| Europe and Other | $262M-1.1% | $265M-19.9% | $331M+62.3% | $204M-29.7% | $290M+38.1% | |
| North America | $1.72B+7.3% | $1.61B+21.0% | $1.33B-21.2% | $1.69B+22.8% | $1.37B+4.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does CF Industries break its business down?
- CF Industries (CF) reports net sales by business across 6 parts — Ammonia, AN, Granular Urea, Other and Other Products. Each is extracted from the segment footnotes and tracked over time.
- Where does CF Industries's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in CF Industries's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
