CF Industries CF Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Sales by Business | ||||||
| Ammonia | $627M+20.6% | $708M+23.8% | $457M+29.5% | $491M+20.0% | $520M+29.4% | |
| AN | $58M-42.6% | $81M-19.8% | $122M+15.1% | $117M+19.4% | $101M-11.4% | |
| Granular Urea | $590M+34.4% | $372M+6.9% | $423M+9.0% | $547M+19.7% | $439M+7.9% | |
| Other | $128M-3.8% | $147M+12.2% | $140M+19.7% | $125M-6.0% | $133M+9.0% | |
| Other Products | $128M-3.8% | $147M+12.2% | $140M+19.7% | $125M-6.0% | $133M+9.0% | |
| UAN | $583M+24.0% | $564M+51.6% | $517M+27.3% | $610M+28.4% | $470M+10.6% | |
| Gross Profit by Business | ||||||
| Ammonia | $227M+22.0% | $252M+27.3% | $108M+30.1% | $136M-7.5% | $186M+186% | |
| AN | -$11M-169% | $7M-69.6% | $31M+29.2% | $25M+8.7% | $16M+77.8% | |
| Granular Urea | $255M+47.4% | $172M+29.3% | $213M+33.1% | $279M+22.9% | $173M+12.3% | |
| Other | $25M-54.5% | $55M+1.9% | $50M+16.3% | $45M-31.8% | $55M+44.7% | |
| UAN | $250M+76.1% | $279M+141% | $230M+71.6% | $270M+25.0% | $142M-0.7% | |
| Other segment items by Business | ||||||
| Ammonia | $142M+22.4% | $148M+5.0% | $125M+31.6% | $119M+24.0% | $116M-14.1% | |
| AN | $62M+3.3% | $58M+11.5% | $63M+14.5% | $59M+3.5% | $60M-18.9% | |
| Granular Urea | $115M+27.8% | $72M-14.3% | $85M-7.6% | $99M+12.5% | $90M-14.3% | |
| Other | $56M+64.7% | $43M+10.3% | $43M+19.4% | $35M+12.9% | $34M-15.0% | |
| UAN | $106M+5.0% | $97M+10.2% | $110M+10.0% | $117M+30.0% | $101M+4.1% | |
| Cost of Sales by Business | ||||||
| Ammonia | $400M+19.8% | $456M+21.9% | $349M+29.3% | $355M+35.5% | $334M-0.9% | |
| AN | $69M-18.8% | $74M-5.1% | $91M+11.0% | $92M+22.7% | $85M-19.0% | |
| Granular Urea | $335M+25.9% | $200M-7.0% | $210M-7.9% | $268M+16.5% | $266M+5.1% | |
| Other | $103M+32.1% | $92M+19.5% | $90M+21.6% | $80M+19.4% | $78M-7.1% | |
| UAN | $333M+1.5% | $285M+11.3% | $287M+5.5% | $340M+31.3% | $328M+16.3% | |
| Natural gas, including the impact of realized derivatives by Business | ||||||
| Ammonia | $136M+23.6% | $114M+37.3% | $99M+67.8% | $108M+96.4% | $110M+27.9% | |
| AN | $1M-90.0% | $5M-44.4% | $10M+11.1% | $14M+180% | $10M-9.1% | |
| Granular Urea | $130M+36.8% | $65M+12.1% | $58M+7.4% | $83M+56.6% | $95M+25.0% | |
| Other | $17M+13.3% | $14M+40.0% | $12M+50.0% | $12M+50.0% | $15M+36.4% | |
| UAN | $113M+8.7% | $75M+29.3% | $69M+27.8% | $91M+102% | $104M+35.1% | |
| D&A by Business | ||||||
| Ammonia | $69M+25.5% | $93M+32.9% | $72M+14.3% | $60M+5.3% | $55M-30.4% | |
| AN | $3M-62.5% | $5M-44.4% | $10M0.0% | $10M+42.9% | $8M-38.5% | |
| Granular Urea | $76M+7.0% | $52M-22.4% | $58M-19.4% | $72M-5.3% | $71M+2.9% | |
| Other | $16M+23.1% | $18M+38.5% | $17M+13.3% | $17M+30.8% | $13M-35.0% | |
| UAN | $64M-12.3% | $60M-3.2% | $60M-13.0% | $72M+5.9% | $73M+5.8% | |
| Goodwill by Business | ||||||
| Ammonia | $980M0.0% | $981M+0.1% | $980M— | $981M— | $980M— | |
| AN | $69M0.0% | $69M0.0% | $69M— | $69M— | $69M— | |
| Granular Urea | $828M0.0% | $828M0.0% | $828M— | $828M— | $828M— | |
| Other | $39M0.0% | $39M0.0% | $39M— | $39M— | $39M— | |
| UAN | $576M0.0% | $576M0.0% | $576M— | $576M— | $576M— | |
| Freight by Business | ||||||
| Ammonia | $15M0.0% | $11M-8.3% | $16M+14.3% | $10M0.0% | $15M+7.1% | |
| AN | $3M-57.1% | $6M-25.0% | $8M+14.3% | $9M+50.0% | $7M-12.5% | |
| Granular Urea | $11M+57.1% | $8M+100% | $6M-25.0% | $12M+20.0% | $7M-30.0% | |
| Other | $14M-12.5% | $17M+13.3% | $17M+13.3% | $14M-6.7% | $16M+14.3% | |
| UAN | $36M0.0% | $41M+13.9% | $36M+9.1% | $35M-7.9% | $36M+2.9% | |
| Effect of exchange rate changes by Business | ||||||
| Ammonia | -$1M-500% | $250K+200% | $250K+200% | $250K+200% | $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-200% | -$3M-112% | $0— | $0— | $1M-91.7% | |
| Granular Urea | $1M— | -$1M-106% | $0— | $0— | $0-100% | |
| UAN | -$1M-200% | -$2M-111% | $1M+200% | $0— | $1M-90.0% | |
| Distribution and storage by Business | ||||||
| Ammonia | $39M+5.4% | $89M+29.0% | $37M-5.1% | $58M+31.8% | $37M+5.7% | |
| Granular Urea | $4M+33.3% | $2M0.0% | $3M+50.0% | $2M-33.3% | $3M+50.0% | |
| UAN | $15M+15.4% | $10M-23.1% | $13M-13.3% | $25M+38.9% | $13M-7.1% | |
| Net Sales by Geography | ||||||
| Europe and Other | $262M-9.7% | $265M+26.2% | $331M+16.1% | $204M-1.0% | $290M+38.1% | |
| North America | $1.72B+25.6% | $1.61B+22.3% | $1.33B+22.4% | $1.69B+23.4% | $1.37B+9.0% |
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.
