CF Industries (CF) financials
CF Industries revenue and earnings by year
CF Industries's revenue was $7.08 billion in the fiscal year to December 31, 2025, up 19.3% from the year before. Net income was $1.46 billion, 20.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 7.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.1 | 5.9 | 6.6 | 11.2 | 6.5 | 4.1 | 4.6 | 4.4 | 4.1 | 3.7 |
| Revenue growth | 19.3% | -10.5% | -40.7% | 71.1% | 58.5% | -10.2% | 3.6% | 7.2% | 12.1% | — |
| Gross profit | 2.7 | 2.1 | 2.5 | 5.9 | 2.4 | 0.8 | 1.2 | 0.9 | 0.4 | 0.8 |
| Gross margin | 38.5% | 34.6% | 38.4% | 52.4% | 36.5% | 19.4% | 25.6% | 20.7% | 10.5% | 22.9% |
| Operating income | 2.3 | 1.7 | 2.2 | 5.3 | 1.7 | 0.6 | 1.0 | 0.7 | 0.2 | 0.3 |
| Operating margin | 32.3% | 29.3% | 33.8% | 47.4% | 26.4% | 14.8% | 22.0% | 16.5% | 5.4% | 7.7% |
| Net income | 1.5 | 1.2 | 1.5 | 3.3 | 0.9 | 0.3 | 0.5 | 0.3 | 0.4 | -0.3 |
| Net margin | 20.5% | 20.5% | 23.0% | 29.9% | 14.0% | 7.7% | 10.7% | 6.5% | 8.7% | -7.5% |
| Diluted EPS | $8.97 | $6.74 | $7.87 | $16.38 | $4.24 | $1.47 | $2.22 | $1.24 | $1.52 | -$1.20 |
| Free cash flow | 1.8 | 1.8 | 1.0 | 3.4 | 2.4 | 0.9 | 1.2 | 1.1 | 1.2 | -1.6 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CF in Markets.
How CF Industries makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Urea | $759M | 34.2% |
| UAN | $613M | 27.6% |
| Ammonia | $586M | 26.4% |
| Other Products | $193M | 8.7% |
| Ammonium Nitrate | $71.0M | 3.2% |
See also: CF valuation and P/E history · CF returns
No forecast, no recommendation. This page describes CF Industries from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.