CF INDUSTRIES HOLDINGS, INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 3,215 | 39.9 |
| Stockholders' equity | 4,838 | 60.1 |
| Total capitalization | 8,053 | 100.0 |
151,338,130 shares outstanding at 3 August 2026 (cover page of the 10-Q filed 6 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 3,215 |
| Long-term debt, noncurrent | 3,215 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 500,000,000 |
| Common shares issued | 153,552,162 |
| Treasury shares | 0 |
| Par or stated value per share ($) | 0.01 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 8/3/26 | 151,338,130 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 2.00 | 22.3 |
| 2024 | 2.00 | 29.7 |
| 2023 | 1.60 | 20.3 |
| 2022 | 1.50 | 9.2 |
| 2021 | 1.20 | 28.3 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 2870, Agricultural Chemicals. Large accelerated filer. Principal executive office: 2375 Waterview Drive, Northbrook, IL 60062. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 7,084 | 5,936 | 6,631 |
| Cost of revenues | 4,360 | 3,880 | 4,086 |
| Gross profit | 2,724 | 2,056 | 2,545 |
| Selling, general and administrative | 364 | 320 | 289 |
| Depreciation and amortization | 898 | 925 | 869 |
| Operating income | 2,300 | 1,746 | 2,230 |
| Interest expense | 155 | 121 | 150 |
| Income before income taxes | 2,239 | 1,762 | 2,248 |
| Income taxes | 441 | 285 | 410 |
| Net income | 1,798 | 1,477 | 1,838 |
| Earned per share, diluted ($) | 8.97 | 6.74 | 7.87 |
| Dividends per share ($) | 2.00 | 2.00 | 1.60 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Receivables, net | 488 | 404 |
| Inventories | 383 | 314 |
| Total current assets | 2,985 | 2,520 |
| Property, plant and equipment, net | 6,715 | 6,735 |
| Goodwill | 2,493 | 2,492 |
| Total assets | 14,088 | 13,466 |
| Total current liabilities | 887 | 818 |
| Long-term debt | 3,215 | 2,971 |
| Stockholders' equity | 4,838 | 4,985 |
| Total liabilities and equity | 14,088 | 13,466 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 7,084 | 2,300 | 1,455 | 20.5 | 8.97 | 2.00 | 2,752 | 950 | 1,802 | 14,088 | 6,313d | 3,215 | 4,838 | 30.1 | 0.66 |
| 12/31/24 | 5,936 | 1,746 | 1,218 | 20.5 | 6.74 | 2.00 | 2,271 | 518 | 1,753 | 13,466 | 5,874d | 2,971 | 4,985 | 24.4 | 0.60 |
| 12/31/23 | 6,631 | 2,230 | 1,525 | 23.0 | 7.87 | 1.60 | 2,757 | 499 | 2,258 | 14,376 | 6,003d | 2,968 | 5,717 | 26.7 | 0.52 |
| 12/31/22 | 11,186 | 5,397 | 3,346 | 29.9 | 16.38 | 1.50 | 3,855 | 453 | 3,402 | 13,313 | 5,460d | 2,965 | 5,051 | 66.2 | 0.59 |
| 12/31/21 | 6,538 | 1,729 | 917 | 14.0 | 4.24 | 1.20 | 2,873 | 514 | 2,359 | 12,375 | 6,339d | 3,465 | 3,206 | 28.6 | 1.08 |
| 12/31/20 | 4,124 | 623 | 317 | 7.7 | 1.47 | 1.20 | 1,231 | 309 | 922 | 12,023 | 6,420d | 3,961 | 2,922 | 10.8 | 1.36 |
| 12/31/19 | 4,590 | 1,003 | 493 | 10.7 | 2.23 | 1.20 | 1,505 | 404 | 1,101 | 12,172 | 6,535d | 3,957 | 2,897 | 17.0 | 1.37 |
| 12/31/18 | 4,429 | 766 | 290 | 6.5 | 1.24 | 1.20 | 1,497 | 422 | 1,075 | 12,661 | 6,930d | 4,698 | 2,958 | 9.8 | 1.59 |
| 12/31/17 | 4,130 | 234 | 358 | 8.7 | 1.53 | 1.20 | 1,631 | 473 | 1,158 | 13,463 | 6,779d | 4,692 | 3,579 | 10.0 | 1.31 |
| 12/31/16 | 3,685 | 138 | (277) | -7.5 | (1.19) | 1.20 | 617 | 2,211 | (1,594) | 15,131 | 8,639d | 5,778 | 3,348 | -8.3 | 1.73 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
CF Industries Holdings, Inc.
CIK 1324404 · EIN 20-2697511
PRINCIPAL OFFICE:
2375 Waterview Drive, Northbrook, IL 60062
Tel.: (847) 405-2400
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
2870 · Agricultural Chemicals
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 25 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/25/26) · 10-K FY2024 (filed 2/20/25) · 10-K FY2023 (filed 2/22/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/24/22) · 10-K FY2020 (filed 2/24/21) · 10-K FY2019 (filed 2/24/20) · 10-K FY2018 (filed 2/22/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.