Loading…
CF Industries Holdings, Inc., together with its subsidiaries, engages in the production of ammonia in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments. The company offers ammonia products; nitrogen products, such as granular urea, urea ammonium nitrate solution, and ammonium nitrate; diesel exhaust fluid, urea liquor, and nitric acid products. It serves cooperatives, retailers, independent fertilizer distributors, traders, wholesalers, and industrial users. The company was founded in 1946 and is headquartered in Northbrook, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $7.1B | $3.3B | $1.5B | $1.8B | 30.1% | 19.3% | 19.5% |
| 2024 | $5.9B | $2.8B | $1.2B | $1.8B | 24.4% | -10.5% | -20.1% |
| 2023 | $6.6B | $3.3B | $1.5B | $1.0B | 26.7% | -40.7% | -54.4% |
| 2022 | $11.2B | $6.3B | $3.3B | $3.4B | 66.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 11,186 | 6,631 | 5,936 | 7,084 |
| Cost Of Revenue | - | 5,325 | 4,086 | 3,880 | 4,360 |
| Gross Profit | - | 5,861 | 2,545 | 2,056 | 2,724 |
| Operating Expense | - | 290 | 293 | 345 | 349 |
| Operating Income | - | 5,571 | 2,252 | 1,711 | 2,375 |
| EBITDA | - | 6,281 | 3,261 | 2,826 | 3,282 |
| EBIT | - | 5,431 | 2,392 | 1,901 | 2,384 |
| Pretax Income | - | 5,095 | 2,248 | 1,762 | 2,239 |
| Tax Provision | - | 1,158 | 410 | 285 | 441 |
| Net Income | - | 3,346 | 1,525 | 1,218 | 1,455 |
| Net Income Common Stockholders | - | 3,346 | 1,525 | 1,218 | 1,455 |
| Total Expenses | - | 5,615 | 4,379 | 4,225 | 4,709 |
| Interest Expense | - | 336 | 144 | 139 | 145 |
| Interest Income | - | 65 | 160 | 150 | 81 |
| Selling General And Administration | - | 290 | 289 | 320 | 364 |
| Normalized EBITDA | - | 6,557 | 3,275 | 2,795 | 3,377 |
| Normalized Income | - | 3,559.35 | 1,536.45 | 1,192.01 | 1,531.28 |
| Market Cap | 18,576.83 | 18,576.83 | 18,576.83 | 18,576.83 | 18,576.83 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc.this co. | CF | $19.6B | 12.77↓ discount | 3.84 | 30.1% | 6.16 |
| CRH plc | CRH | $79.4B | 21.14 | 3.28 | 15.5% | 12.16 |
| Ecolab Inc. | ECL | $76.3B | 36.67 | 7.79 | 21.2% | 22.05 |
| Corteva, Inc. | CTVA | $54.6B | 48.97 | 2.22 | 4.5% | 16.81 |
| Nucor Corporation | NUE | $49.6B | 27.98 |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.33 |
| 8.3% |
| 12.72 |
| Vulcan Materials Company | VMC | $38.5B | 35.42 | 4.47 | 12.6% | 18.17 |
| Martin Marietta Materials, Inc. | MLM | $37.2B | 32.64 | 3.70 | 11.3% | 20.42 |
| Steel Dynamics, Inc. | STLD | $33.5B | 27.71 | 3.67 | 13.2% | 17.17 |
| PPG Industries, Inc. | PPG | $24.9B | 15.59 | 3.09 | 19.8% | 10.77 |
| Peer Median | - | 30.31 | 3.48 | 12.9% | 16.99 | |