CF
CF Industries Holdings Inc.Stock · MaterialsS&P 500 Equal Weight 0.2% · S&P 500 0.03% · Russell 1000 0.02% · US Stock Market 0.02% · Russell 3000 0.02% · MSCI World 0.02% · MSCI ACWI 0.02%$127.70-4.57%
as of market close, Sep 18, 2026
☾ AH — —
CF financial statements
The full income statement, balance sheet, and cash-flow statement for CF Industries Holdings Inc. (CF), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 180.4M2024-09 174.0M2024-12 169.5M2025-03 162.0M2025-06 162.0M2025-09 156.0M2025-12 153.7M2026-03 153.6M2026-06 151.3M-16.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 7.08B+19.3% | 5.94B-10.5% | 6.63B-40.7% | 11.2B+71.1% | 6.54B+58.5% | |
| 2.72B+32.5% | 2.06B-19.2% | 2.54B-56.6% | 5.86B+145.5% | 2.39B+198.0% | ||
| Cost of revenue | 4.36B+12.4% | 3.88B-5.0% | 4.09B-23.3% | 5.33B+28.3% | 4.15B+24.9% | |
| Selling, general & administrative | 364M+13.8% | 320M+10.7% | 289M-0.3% | 290M+30.0% | 223M+8.3% | |
| Restructuring | 23.0M | 0.00-100.0% | 10.0M-47.4% | 19.0M | 0.00 | |
| Amortization of intangibles | — | — | — | 3.00M-62.5% | 8.00M+0.0% | |
| Operating income | 2.30B+31.7% | 1.75B-21.7% | 2.23B-58.7% | 5.40B+212.1% | 1.73B+177.5% | |
| Interest expense | 155M+28.1% | 121M-19.3% | 150M-56.4% | 344M+87.0% | 184M+2.8% | |
| Other non-operating income | 19.0M+35.7% | 14.0M+40.0% | 10.0M+166.7% | -15.0M-193.8% | 16.0M+1500.0% | |
| Pre-tax income | 2.24B+27.1% | 1.76B-21.6% | 2.25B-55.9% | 5.09B+230.2% | 1.54B+233.3% | |
| Income tax | 441M+54.7% | 285M-30.5% | 410M-64.6% | 1.16B+309.2% | 283M+812.9% | |
| 1.46B+19.5% | 1.22B-20.1% | 1.52B-54.4% | 3.35B+264.9% | 917M+189.3% | ||
| Net income to non-controlling interest | 343M+32.4% | 259M-17.3% | 313M-47.0% | 591M+72.3% | 343M+198.3% | |
| Net income to common | 1.46B+19.5% | 1.22B-20.1% | 1.52B-54.4% | 3.35B+264.9% | 917M+189.3% | |
| $8.97+33.1% | $6.74-14.4% | $7.87-52.0% | $16.38+286.3% | $4.24+188.4% | ||
| EPS (basic) | $8.98+33.0% | $6.75-14.4% | $7.89-52.0% | $16.45+285.2% | $4.27+188.5% | |
| Weighted-avg shares (basic) | 162M-10.1% | 180M-6.7% | 193M-4.9% | 203M-5.4% | 215M+0.0% | |
| Weighted-avg shares (diluted) | 162M-10.2% | 181M-6.8% | 194M-5.1% | 204M-5.6% | 216M+0.5% | |
| Dividends per share | $2.00+0.0% | $2.00+25.0% | $1.60+6.7% | $1.50+25.0% | $1.20+0.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.98B+18.5% | 2.52B-17.4% | 3.05B-17.0% | 3.67B+41.7% | 2.59B+89.7% | ||
| Cash & equivalents | 1.98B+22.8% | 1.61B-20.6% | 2.03B-12.5% | 2.32B+42.7% | 1.63B+138.4% | |
| Accounts receivable | 488M+20.8% | 404M-20.0% | 505M-13.2% | 582M+17.1% | 497M+87.5% | |
| Inventory | 383M+22.0% | 314M+5.0% | 299M-36.9% | 474M+16.2% | 408M+42.2% | |
| Other current assets | 27.0M-37.2% | 43.0M-8.5% | 47.0M-40.5% | 79.0M+41.1% | 56.0M+60.0% | |
| 14.1B+4.6% | 13.5B-6.3% | 14.4B+8.0% | 13.3B+7.6% | 12.4B+2.9% | ||
| Property, plant & equipment | 6.71B-0.3% | 6.74B-5.7% | 7.14B+10.9% | 6.44B-9.1% | 7.08B-7.2% | |
| Operating lease right-of-use | 410M+54.1% | 266M+2.7% | 259M+2.0% | 254M+4.5% | 243M-6.2% | |
| Goodwill | 2.49B+0.0% | 2.49B-0.1% | 2.50B+19.4% | 2.09B-0.1% | 2.09B-11.9% | |
| Intangible assets | 473M-6.7% | 507M-5.8% | 538M+3486.7% | 15.0M-66.7% | 45.0M-56.7% | |
| Other non-current assets | 980M+6.9% | 917M+5.8% | 867M+12.5% | 771M+170.5% | 285M-8.4% | |
| 887M+8.4% | 818M+2.3% | 800M-19.6% | 995M-30.5% | 1.43B+58.1% | ||
| Accounts payable | 148M+18.4% | 125M+9.6% | 114M+81.0% | 63.0M-42.7% | 110M+29.4% | |
| Accrued liabilities | 681M+12.9% | 603M+16.0% | 520M-9.6% | 575M+1.8% | 565M+33.3% | |
| Short-term & current debt | — | — | — | — | 0.00-100.0% | |
| Current lease liability | 110M+27.9% | 86.0M-10.4% | 96.0M+3.2% | 93.0M+4.5% | 89.0M+1.1% | |
| Other current liabilities | 19.0M+111.1% | 9.00M-78.6% | 42.0M-55.8% | 95.0M+75.9% | 54.0M+260.0% | |
| Long-term debt | 3.21B+8.2% | 2.97B+0.1% | 2.97B+0.1% | 2.96B-14.4% | 3.46B-6.7% | |
| Deferred revenue (non-current) | 694M-4.1% | 724M-4.0% | 754M | 0.00 | — | |
| Non-current lease liability | 311M+64.6% | 189M+12.5% | 168M+0.6% | 167M+3.1% | 162M-6.9% | |
| Operating lease liability (total) | 421M+53.1% | 275M+4.2% | 264M+1.5% | 260M+3.6% | 251M-4.2% | |
| Deferred tax liabilities | 869M-0.2% | 871M-12.8% | 999M+4.3% | 958M-6.9% | 1.03B-13.1% | |
| Other non-current liabilities | 337M+12.0% | 301M-4.1% | 314M-16.3% | 375M+49.4% | 251M-43.5% | |
| 4.84B-2.9% | 4.99B-12.8% | 5.72B+13.2% | 5.05B+57.5% | 3.21B+9.7% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | |
| Additional paid-in capital | 1.20B-6.8% | 1.28B-7.6% | 1.39B-1.6% | 1.41B+2.7% | 1.38B+4.4% | |
| Retained earnings | 3.87B-3.4% | 4.01B-11.6% | 4.54B+17.3% | 3.87B+85.2% | 2.09B+8.4% | |
| Treasury stock | 0.00-100.0% | 30.0M | 0.00 | 0.00-100.0% | 2.00M-50.0% | |
| Accumulated other comprehensive income | -235M+16.1% | -280M-34.0% | -209M+9.1% | -230M+10.5% | -257M+19.7% | |
| Non-controlling interest | 2.94B+12.7% | 2.61B-1.8% | 2.66B-5.2% | 2.80B-1.0% | 2.83B+5.6% | |
| Total equity incl. non-controlling | 7.78B+2.4% | 7.59B-9.3% | 8.37B+6.6% | 7.85B+30.1% | 6.04B+7.7% | |
| Total liabilities & equity | 14.1B+4.6% | 13.5B-6.3% | 14.4B+8.0% | 13.3B+7.6% | 12.4B+2.9% | |
| Common shares issued | 154M-9.8% | 170M-9.5% | 188M-3.8% | 196M-5.8% | 208M-3.0% | |
| Common shares outstanding | 154M-9.6% | 170M-9.7% | 188M-3.8% | 196M-5.8% | 208M-3.0% | |
| Shares outstanding (cover) | 154M-9.4% | 170M-10.0% | 188M-3.8% | 196M-5.6% | 207M-3.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.75B+21.2% | 2.27B-17.6% | 2.76B-28.5% | 3.85B+34.2% | 2.87B+133.4% | ||
| Depreciation & amortization | 898M-2.9% | 925M+6.4% | 869M+2.2% | 850M-4.3% | 888M-0.4% | |
| Intangible amortization | — | — | — | 3.00M-62.5% | 8.00M+0.0% | |
| Share-based compensation | 45.0M+25.0% | 36.0M-2.7% | 37.0M-9.8% | 41.0M+36.7% | 30.0M+20.0% | |
| Deferred income taxes | 6.00M+105.2% | -115M-242.0% | 81.0M+175.7% | -107M+45.4% | -196M-164.9% | |
| Change in receivables | 98.0M+227.3% | -77.0M+23.0% | -100M-190.9% | 110M-53.2% | 235M+1136.8% | |
| Change in inventory | 88.0M+214.3% | 28.0M+118.4% | -152M-263.4% | 93.0M-24.4% | 123M+555.6% | |
| Other operating activities | 20.0M+131.7% | -63.0M-5.0% | -60.0M+76.2% | -252M-254.9% | -71.0M-6.0% | |
| -933M-98.9% | -469M+72.1% | -1.68B-281.6% | -440M+5.6% | -466M-55.9% | ||
| Capital expenditure | 950M+83.4% | 518M+3.8% | 499M+10.2% | 453M-11.9% | 514M+66.3% | |
| Free cash flow | 1.80B+2.8% | 1.75B-22.4% | 2.26B-33.6% | 3.40B+44.2% | 2.36B+155.9% | |
| Acquisitions | 0.00+100.0% | -2.00M-100.2% | 1.22B | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 6.00M+100.0% | 3.00M+200.0% | 1.00M+0.0% | 1.00M+0.0% | 1.00M-50.0% | |
| Other investing activities | 0.00 | 0.00+100.0% | -5.00M | 0.00 | 0.00 | |
| -1.48B+32.7% | -2.21B-60.7% | -1.37B+49.2% | -2.70B-84.6% | -1.46B-169.9% | ||
| Long-term debt issued | 999M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00-100.0% | 507M-2.1% | 518M | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.36B-9.5% | 1.51B+160.2% | 580M-56.9% | 1.35B+149.9% | 539M+439.0% | |
| Dividends paid | 326M-10.4% | 364M+17.0% | 311M+1.6% | 306M+17.7% | 260M+0.8% | |
| FX effect on cash | 33.0M+320.0% | -15.0M-600.0% | 3.00M+115.0% | -20.0M-2100.0% | 1.00M-83.3% | |
| Net change in cash | 368M+188.0% | -418M-43.6% | -291M-141.9% | 695M-26.5% | 945M+138.6% | |
| Interest paid | 137M+16.1% | 118M-18.6% | 145M-43.6% | 257M+46.0% | 176M-4.3% | |
| Income taxes paid | 321M-21.7% | 410M+9.9% | 373M-79.0% | 1.78B+313.0% | 430M+287.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 11.9B-17.8% | 14.5B-4.8% | 15.2B-9.1% | 16.7B+13.9% | 14.7B+77.0% | |
| P/E | 8.2×-31.2% | 11.9×+65.1% | 7.2×+37.4% | 5.2×-67.3% | 16.0×-38.8% | |
| P/S | 1.7×-31.2% | 2.4×+23.0% | 2.0×+31.8% | 1.5×-33.0% | 2.2×+11.6% | |
| P/B | 2.5×-15.3% | 2.9×+9.3% | 2.7×-29.4% | 3.8×-17.8% | 4.6×+61.3% | |
| P/FCF | 6.6×-20.1% | 8.3×+31.3% | 6.3×+61.6% | 3.9×-37.5% | 6.2×-30.8% | |
| Earnings yield | 12.2%+45.4% | 8.4%-39.4% | 13.9%-27.2% | 19.1%+205.5% | 6.2%+63.4% | |
| FCF yield | 15.2%+25.1% | 12.1%-23.8% | 15.9%-38.1% | 25.7%+60.0% | 16.1%+44.6% | |
| Dividend yield | 2.6%+10.3% | 2.3%+16.5% | 2.0%+14.3% | 1.8%+3.8% | 1.7%-45.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: CF’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CF filings on SEC EDGAR → Not investment advice.