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Companies / Materials / CF Industries
CF

CF Industries

MaterialsChemicalsS&P 500
Ticker CFNORTHBROOK, ILFiscal year ends DecemberBook value per share $37.28Diluted shares 154.2M

CF Industries Holdings, Inc. (NYSE: CF) produces nitrogen fertilizers and related industrial products, with manufacturing facilities in the United States, Canada and the United Kingdom, a 50% interest in an ammonia joint venture in Trinidad, and distribution and logistics networks across North America. Its core… From the company’s description.

In fiscal 2025, CF Industries reported revenue of $7.08B, up 19.3% from fiscal 2024, and net income of $1.80B. Its operating margin was 32.5%, and operations generated $2.75B in cash. Over the twelve months to Jun 30, 2026, revenue was $7.74B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$7.08BFY2025
+19.3% year over year
Last 12 mo $7.74B
32.47%FY2025
+3.1 percentage points
Last 12 mo 41.10%
$1.80BFY2025
+21.7% year over year
Last 12 mo $2.50B
31.72%FY2025
+7.3 percentage points
Last 12 mo 36.52%
Cash & financing
$2.75BFY2025
+21.2% year over year
Last 12 mo $2.98B
$1.80BFY2025
+2.8% year over year
Last 12 mo $1.91B
0.66FY2025
Was 0.60× a year earlier
Last 12 mo 0.56
162.2MFY2025
−10.2% year over year
Last 12 mo 154.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CF Industries does

In the company’s own words

CF Industries Holdings, Inc. (NYSE: CF) produces nitrogen fertilizers and related industrial products, with manufacturing facilities in the United States, Canada and the United Kingdom, a 50% interest in an ammonia joint venture in Trinidad, and distribution and logistics networks across North America. Its core product is ammonia, which it also upgrades into granular urea, urea ammonium nitrate (UAN) and ammonium nitrate (AN); other products include diesel exhaust fluid, urea liquor, nitric acid and aqua ammonia. Customers include agricultural cooperatives, retailers, fertilizer distributors, traders, wholesalers and industrial users. Its reportable segments are Ammonia, Granular Urea, UAN, AN and Other; 2025 net sales were $2.18 billion, $1.78 billion, $2.16 billion, $421 million and $545 million, respectively. The company is investing in lower-carbon ammonia production, including a project under construction at its Blue Point complex. In fiscal 2025, it sold 19.1 million product tons, generating $7.08 billion in net sales. Its website is www.cfindustries.com.

Company details
Sector
Materials
Industry (SIC)
Chemicals
Headquarters
NORTHBROOK, IL
Fiscal year end
December
CIK
1324404
SIC
2870

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.29B$2.11B$5.51B$8.92B$12.32B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CF Industries — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

803
funds hold it
0 of 35
superinvestors hold it
$7.65B
held by funds, at market
44.9%
of shares held by funds

Largest fund holders · CF Industries’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.20%of fund net assets
0.10%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.36%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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