CF Industries CF Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Sales by Business | ||||||
| Ammonia | $2.28B+23.1% | $2.18B+25.3% | $2.04B+23.0% | $1.94B+25.6% | $1.85B+11.9% | |
| AN | $378M-6.9% | $421M+0.5% | $441M+0.7% | $425M-4.7% | $406M-10.2% | |
| Granular Urea | $1.93B+18.4% | $1.78B+11.3% | $1.76B+6.9% | $1.72B+6.6% | $1.63B+0.8% | |
| Other | $540M+5.1% | $545M+8.3% | $529M+2.1% | $506M-4.5% | $514M-3.9% | |
| Other Products | $540M+5.1% | $545M+8.3% | $529M+2.1% | $506M-4.5% | $514M-3.9% | |
| UAN | $2.27B+32.0% | $2.16B+28.8% | $1.97B+14.2% | $1.86B+6.0% | $1.72B-5.6% | |
| Gross Profit by Business | ||||||
| Ammonia | $723M+17.8% | $682M+38.3% | $628M+39.9% | $603M+55.8% | $614M+32.9% | |
| AN | $52M-39.5% | $79M0.0% | $95M+17.3% | $88M-4.3% | $86M-6.5% | |
| Granular Urea | $919M+32.6% | $837M+24.2% | $798M+14.3% | $745M+10.9% | $693M+1.5% | |
| Other | $175M-19.7% | $205M+2.0% | $204M-1.9% | $197M-10.0% | $218M+1.4% | |
| UAN | $1.03B+69.2% | $921M+51.2% | $758M+27.0% | $662M+11.1% | $608M-4.9% | |
| Other segment items by Business | ||||||
| Ammonia | $534M+19.2% | $508M+8.8% | $501M+22.3% | $471M+18.3% | $448M+16.2% | |
| AN | $242M+8.0% | $240M+0.8% | $234M-4.5% | $226M-9.2% | $224M-10.8% | |
| Granular Urea | $371M+4.8% | $346M-6.2% | $358M-1.9% | $365M+3.4% | $354M+2.6% | |
| Other | $177M+26.4% | $155M+6.2% | $151M+6.9% | $144M+3.2% | $140M-1.9% | |
| UAN | $430M+13.5% | $425M+13.3% | $416M+8.6% | $406M+7.1% | $379M-1.6% | |
| Cost of Sales by Business | ||||||
| Ammonia | $1.56B+25.8% | $1.49B+20.2% | $1.41B+16.7% | $1.33B+15.5% | $1.24B+3.8% | |
| AN | $326M+1.9% | $342M+0.6% | $346M-3.1% | $337M-4.8% | $320M-11.1% | |
| Granular Urea | $1.01B+7.9% | $944M+1.9% | $959M+1.4% | $977M+3.5% | $939M+0.3% | |
| Other | $365M+23.3% | $340M+12.6% | $325M+4.8% | $309M-0.6% | $296M-7.5% | |
| UAN | $1.25B+11.7% | $1.24B+16.0% | $1.21B+7.5% | $1.2B+3.4% | $1.12B-6.1% | |
| Natural gas, including the impact of realized derivatives by Business | ||||||
| Ammonia | $457M+48.9% | $431M+52.3% | $400M+32.6% | $360M+4.5% | $307M-21.5% | |
| AN | $30M-9.1% | $39M+14.7% | $43M+13.9% | $42M+1.2% | $33M-33.0% | |
| Granular Urea | $336M+29.2% | $301M+24.9% | $294M+7.4% | $290M-6.6% | $260M-25.3% | |
| Other | $55M+34.1% | $53M+43.2% | $49M+14.6% | $45M-10.9% | $41M-29.6% | |
| UAN | $348M+33.3% | $339M+44.9% | $322M+20.3% | $307M+0.5% | $261M-25.9% | |
| D&A by Business | ||||||
| Ammonia | $294M+20.0% | $280M+4.1% | $257M+6.0% | $248M+11.2% | $245M+16.9% | |
| AN | $28M-17.6% | $33M-15.4% | $37M-11.9% | $37M-15.9% | $34M-30.6% | |
| Granular Urea | $258M-9.8% | $253M-10.9% | $268M-7.0% | $282M-1.9% | $286M+1.1% | |
| Other | $68M+25.9% | $65M+6.6% | $60M-6.3% | $58M-10.8% | $54M-20.6% | |
| UAN | $256M-5.9% | $265M-1.1% | $267M-4.0% | $276M-1.8% | $272M-4.6% | |
| Goodwill by Business | ||||||
| Ammonia | $3.92B— | $3.92B— | $3.92B— | —— | —— | |
| AN | $276M— | $276M— | $276M— | —— | —— | |
| Granular Urea | $3.31B— | $3.31B— | $3.31B— | —— | —— | |
| Other | $156M— | $156M— | $156M— | —— | —— | |
| UAN | $2.3B— | $2.3B— | $2.3B— | —— | —— | |
| Freight by Business | ||||||
| Ammonia | $52M+2.0% | $52M+4.0% | $53M+9.3% | $51M+13.3% | $51M+12.1% | |
| AN | $26M-7.1% | $30M+3.4% | $32M+18.5% | $31M+19.2% | $28M+7.7% | |
| Granular Urea | $37M+27.6% | $33M+3.1% | $29M-25.2% | $31M-25.3% | $29M-31.4% | |
| Other | $62M+1.6% | $64M+8.5% | $62M+2.9% | $60M-2.4% | $61M-2.8% | |
| UAN | $148M+3.5% | $148M+4.2% | $143M-1.4% | $140M-7.3% | $143M-5.9% | |
| Effect of exchange rate changes by Business | ||||||
| Ammonia | -$250K+50.0% | $1M+200% | $500K— | $0— | -$500K— | |
| 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 | -$4M-115% | -$2M-105% | $26M+76.3% | $26M+48.6% | $26M+28.4% | |
| Granular Urea | $0-100% | -$1M-104% | $18M+53.2% | $18M+24.1% | $18M+4.3% | |
| UAN | -$2M-111% | $0-100% | $21M+78.7% | $19M+22.6% | $19M+4.1% | |
| Distribution and storage by Business | ||||||
| Ammonia | $223M+18.0% | $221M+18.2% | $201M+21.1% | $203M+16.0% | $189M+5.6% | |
| Granular Urea | $11M+10.0% | $10M+11.1% | $10M+5.3% | $9M-10.0% | $10M+5.3% | |
| UAN | $63M+6.8% | $61M+1.7% | $64M+0.4% | $66M+0.8% | $59M-8.2% | |
| Net Sales by Geography | ||||||
| Europe and Other | $1.06B+7.2% | $1.09B+19.6% | $1.04B+12.4% | $989M+8.3% | $991M+8.4% | |
| North America | $6.35B+23.5% | $5.99B+19.3% | $5.7B+12.6% | $5.46B+9.8% | $5.14B-0.7% |
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.
