Company financials

CF Industries

Materials Fertilizers & Agricultural Chemicals Deerfield, Illinois Last filing Feb 25, 2026 · FY2025

                    Revenue
                    FY2025
                
$7.1B
                    3y CAGR -14.1%
                    
                    P15
                    
                    +19.3%
                    
                    Net income
                    FY2025
                
$1.8B
                    Net margin +25.4%
                    
                    P96
                    
                    +21.7%
                    
                    Total assets
                    FY2025
                
$14.1B
                    ROA +12.8%
                    
                    P100
                    
                    +4.6%
                    
                    Operating cash flow
                    FY2025
                
$2.8B
                    FCF margin +25.4%
                    
                    P100
                    
                    +21.2%

20 yrs · FY2006–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

33 accounts · 5 years

Total assets $14.1B

Total liabilities $887.0M

Shareholders equity $4.8B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+5.0%	-0.3%	+11.7%	+42.7%	—
Accounts Receivable	—	-6.7%	+0.8%	+17.1%	—
Inventory	-1.6%	-8.4%	-14.4%	+16.2%	—
Prepaid Expenses	-16.7%	-8.4%	-8.4%	+41.1%	—
Other Current Assets	-16.7%	-8.4%	-8.4%	+41.1%	—
Total Current Assets	+3.6%	-0.9%	+8.5%	+41.7%	—
Property,Plant and Equipment	-1.3%	-1.7%	+0.4%	-9.1%	—
Operating Lease Assets	+14.0%	+3.1%	+3.2%	+4.5%	—
Goodwill	+4.5%	+6.0%	+9.2%	-0.1%	—
Intangible Assets	+80.1%	+124.2%	+245.8%	-66.7%	—
Other Noncurrent Assets	+36.2%	+47.6%	+74.4%	+175.8%	—
Total Assets	+3.3%	+2.9%	+7.8%	+7.6%	—
Liabilities
Accounts Payable	+57.7%	+4.4%	+1.8%	-42.7%	—
Accrued Liabilities	+4.8%	+2.2%	-4.1%	+1.8%	—
Deferred Revenue	-42.4%	-44.8%	-56.9%	-67.3%	—
Operating Lease Liabilities	+5.4%	-1.1%	+3.9%	+4.5%	—
Other Current Liabilities	-23.0%	-45.0%	-11.8%	+75.9%	—
Total Current Liabilities	-11.3%	-17.0%	-25.3%	-30.5%	—
Long Term Debt	-1.9%	-5.0%	-7.4%	-14.4%	—
Deferred Revenue Noncurrent	—	—	—	—	—
Operating Lease Liabilities Noncurrent	+17.7%	+5.3%	+1.8%	+3.1%	—
Deferred Tax Liabilities	-4.1%	-5.4%	-1.5%	-6.9%	—
Other Noncurrent Liabilities	+7.6%	+6.2%	+11.8%	+49.4%	—
Total Liabilities	-11.3%	-17.0%	-25.3%	-30.5%	—
Equity
Preferred Stock	—	—	—	—	—
Common Stock	+0.0%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	-3.4%	-2.3%	+0.5%	+2.7%	—
Retained Earnings	+16.7%	+24.3%	+47.4%	+85.2%	—
Treasury Stock	—	+146.6%	—	—	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Noncontrolling Interest	+0.9%	-2.7%	-3.1%	-1.0%	—
Total Stockholders Equity	+10.8%	+15.9%	+33.5%	+57.5%	—
Total Liabilitiesand Equity	+3.3%	+2.9%	+7.8%	+7.6%	—

Income Statement

Revenue, expense, and profitability

20 accounts · 5 years

Revenue $7.1B

Operating income $2.3B

Net income $1.8B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+2.0%	-3.2%	+0.7%	+71.1%	—
Expenses Cost of Revenue	+1.2%	-2.2%	-0.8%	+28.3%	—
Expenses Selling,General and Administrative	+13.0%	+12.8%	+13.8%	+30.0%	—
Expenses Depreciation and Amortization	+0.3%	+1.4%	-1.1%	-4.3%	—
Expenses Share Based Compensation	+10.7%	+6.3%	+11.1%	+36.7%	—
Expenses Restructuring and Asset Impairment	—	—	—	—	—
Expenses Operating Expenses	-11.2%	-23.6%	-34.0%	-20.9%	—
Other Income Expense Gross Profit	+3.4%	-4.9%	+3.3%	+145.5%	—
Other Income Expense Operating Income	+7.4%	+0.3%	+13.6%	+212.1%	—
Other Income Expense Interest Income	+200.0%	+397.3%	+1157.0%	+6400.0%	—
Other Income Expense Interest Expense	-4.2%	-13.0%	-9.7%	+87.0%	—
Other Income Expense Other Income/expense	+4.4%	-4.4%	-20.9%	—	—
Other Income Expense Income Before Tax	+9.8%	+4.5%	+20.7%	+230.2%	—
Income Tax Income Tax Expense	+11.7%	+0.2%	+20.4%	+309.2%	—
net Income net Income	+9.3%	+5.4%	+20.8%	+212.5%	—
net Income Comprehensive Income	+11.2%	+5.4%	+25.6%	+244.2%	—
Earnings Per Share Basic Eps	+20.4%	+16.5%	+35.9%	+285.2%	—
Earnings Per Share Diluted Eps	+20.6%	+16.7%	+36.2%	+286.3%	—
Earnings Per Share Weighted Average Shares Basic	-6.8%	-5.7%	-5.2%	-5.4%	—
Earnings Per Share Weighted Average Shares Diluted	-6.9%	-5.8%	-5.3%	-5.6%	—

Cash Flow Statement

Operating, investing, and financing flows

23 accounts · 5 years

Operating cash flow $2.8B

Investing cash flow $-933.0M

Financing cash flow $-1.5B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	+9.3%	+5.4%	+20.8%	+212.5%	—
Operating Activities Depreciation and Amortization	+0.3%	+1.4%	-1.1%	-4.3%	—
Operating Activities Stock Based Compensation	+10.7%	+6.3%	+11.1%	+36.7%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	-37.1%	—	—	—	—
Operating Activities Other Non Cash Items	—	—	—	—	—
Operating Activities net Cash From Operating Activities	-1.1%	-7.5%	-2.0%	+34.2%	—
Investing Activities Capital Expenditures	+16.6%	+0.3%	-1.5%	-11.9%	—
Investing Activities Business Acquisitions	—	—	—	—	—
Investing Activities Other Investing Activities	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Proceeds From Debt	—	—	—	—	—
Financing Activities Repayment of Debt	+9.8%	—	—	-2.1%	—
Financing Activities Repurchase of Common Stock	+26.1%	+40.9%	+3.7%	+149.9%	—
Financing Activities Dividends Paid	+5.8%	+11.9%	+9.4%	+17.7%	—
Financing Activities Proceeds From Stock Issuance	-64.6%	-68.5%	-82.3%	+65.6%	—
Financing Activities Tax Withholding On Stock Based Compensation	+6.2%	+33.2%	+41.4%	+109.1%	—
Financing Activities Other Financing Activities	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	+139.7%	—	+73.2%	—	—
Cash Reconciliation net Change In Cash	-21.0%	—	—	-26.5%	—
Cash Reconciliation Cash At Beginning of Period	+5.0%	-0.3%	+11.7%	+42.7%	—
Cash Reconciliation Cash At End of Period	+5.0%	-0.3%	+11.7%	+42.7%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+38.5%	+34.6%	+38.4%	+52.4%	+36.5%
Operating margin	+32.5%	+29.4%	+33.6%	+48.2%	+26.4%
Net margin	+25.4%	+24.9%	+27.7%	+35.2%	+19.3%
FCF margin	+25.4%	+29.5%	+34.1%	+30.4%	+36.1%
Growth
Revenue CAGR (3y)	-14.1%	-3.2%	+17.2%	+34.6%	+13.9%
Returns
ROE	+37.2%	+29.6%	+32.1%	+77.9%	+39.3%
ROA	+12.8%	+11.0%	+12.8%	+29.6%	+10.2%
ROIC	+30.4%	+23.1%	+27.4%	+73.3%	+28.0%
Liquidity
Current ratio	3.37x	3.08x	3.81x	3.69x	1.81x
Quick ratio	2.23x	2.47x	3.17x	2.92x	1.48x
Leverage
D/E	0.18x	0.16x	0.14x	0.20x	0.45x
Interest coverage	14.84x	14.43x	14.87x	15.69x	9.40x
Efficiency
Asset turnover	0.50x	0.44x	0.46x	0.84x	0.53x
Cash conversion cycle	-25d	+43d	+44d	+47d	+54d

Valuation

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CF Industries

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