CF Industries (CF): financials, SEC filings and peers
CF Industries (CF) is a fertilizers & agricultural chemicals company in the Materials sector of the S&P 500, headquartered in Deerfield, Illinois.
It was founded in 1946 and joined the S&P 500 on August 27, 2008.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Agricultural Chemicals”.
CF Industries at a glance
- Revenue (12 months)
- $7.7B
- Revenue growth
- +20.0%
- Operating margin
- 41.1%
- Net income (12 months)
- $2.5B
- Free cash flow (12 months)
- $1.9B
- Cash
- $2.5B
- Debt
- $3.2B
- Diluted EPS (12 months)
- $13.48
Twelve months to June 30, 2026, from the 10-Q filed August 6, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, CF Industries reported revenue of $7.7 billion, up 20.0% from a year earlier.
Its operating margin was 41.1%, up 11.5 percentage points from a year earlier: for every $100 of sales, about $41 was left as operating profit.
Net income was $2.5 billion (32.3% of revenue), 58.6% higher than a year earlier.
Operating cash flow was $3.0 billion and capital spending $1.1 billion, leaving free cash flow of $1.9 billion (24.7% of revenue).
At the end of the period it held $2.5 billion in cash and $3.2 billion in debt, a net debt position of $736 million.
The diluted share count fell 5.6% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $4.1 billion in fiscal 2020 to $7.1 billion in fiscal 2025, about 11.4% a year.
- Operating margin widened from 15.1% to 32.5% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.5B | $11.2B | $6.6B | $5.9B | $7.1B |
| Revenue growth | 58.5% | 71.1% | -40.7% | -10.5% | 19.3% |
| Operating margin | 26.4% | 48.2% | 33.6% | 29.4% | 32.5% |
| Net income | $1.3B | $3.9B | $1.8B | $1.5B | $1.8B |
| Free cash flow | $2.4B | $3.4B | $2.3B | $1.8B | $1.8B |
| Diluted EPS | $4.24 | $16.38 | $7.87 | $6.74 | $8.97 |
Fiscal years as reported in CF Industries’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 3, 2026 — Executive or director change
- 10-Q filed August 6, 2026 — quarterly report
- 8-K filed August 5, 2026 — Earnings results
- 8-K filed August 5, 2026 — Earnings results
- 10-Q filed May 7, 2026 — quarterly report
- 8-K filed May 6, 2026 — Earnings results
- 8-K filed May 6, 2026 — Earnings results
- 8-K filed May 5, 2026 — Executive or director change; Regulation FD disclosure
Companies like CF Industries
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Questions about CF Industries
Is CF Industries's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $7.7 billion, up 20.0% from a year earlier, according to its SEC filings.
Is CF Industries profitable?
Yes. It earned $2.5 billion in net income over the twelve months to June 30, 2026, a net margin of 32.3%.
Does CF Industries have more cash or more debt?
At June 30, 2026 it had $2.5 billion in cash and $3.2 billion in debt, so more debt than cash.
When did CF Industries last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 6, 2026.
Which companies are similar to CF Industries?
In the S&P 500, CF Industries is grouped in Fertilizers & Agricultural Chemicals within the Materials sector. Corteva (CTVA), Mosaic Company (The) (MOS) are in the same group.
Understand the numbers
Source: CF Industries’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.