CF Industries Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	7,407	7,084	5,936	6,631	11,186	6,538
Revenue Growth (YoY)	20.85%	19.34%	-10.48%	-40.72%	71.09%	58.54%
Cost of Revenue	4,509	4,360	3,880	4,086	5,325	4,151
Gross Profit	2,898	2,724	2,056	2,545	5,861	2,387
Selling, General & Admin	383	364	320	289	290	223
Other Operating Expenses	-193	60	-14	26	174	435
Total Operating Expenses	190	424	306	315	464	658
Operating Income	2,708	2,300	1,746	2,230	5,397	1,729
Interest Income	84	81	123	158	65	1
Interest Expense	-157	-155	-121	-150	-344	-184
Other Non-Operating Income (Expense)	11	13	14	10	-23	-3
Total Non-Operating Income (Expense)	-62	-61	16	18	-302	-186
Pretax Income	2,646	2,239	1,762	2,248	5,095	1,543
Provision for Income Taxes	523	441	285	410	1,158	283
Net Income	1,758	1,455	1,218	1,525	3,346	917
Minority Interest in Earnings	365	343	259	313	591	343
Net Income to Common	1,758	1,455	1,218	1,525	3,346	917
Net Income Growth	31.59%	19.46%	-20.13%	-54.42%	264.88%	189.27%
Shares Outstanding (Basic)	159	162	180	193	203	215
Shares Outstanding (Diluted)	159	162	181	194	204	216
Shares Change (YoY)	-9.78%	-10.24%	-6.76%	-5.09%	-5.55%	0.46%
EPS (Basic)	11.15	8.98	6.75	7.89	16.45	4.27
EPS (Diluted)	11.13	8.97	6.74	7.87	16.38	4.24
EPS Growth	46.64%	33.09%	-14.36%	-51.95%	286.32%	188.44%
Shares Outstanding	153.61	153.55	169.88	188.19	195.6	207.58
Free Cash Flow	1,621	1,802	1,753	2,258	3,402	2,359
Free Cash Flow Growth	-10.04%	2.79%	-22.36%	-33.63%	44.21%	155.86%
Free Cash Flow Per Share	10.21	11.11	9.70	11.65	16.66	10.91
Dividends Per Share	2.000	2.000	2.000	1.600	1.500	1.200
Dividend Growth	-	-	25.00%	6.67%	25.00%	-
Gross Margin	39.13%	38.45%	34.64%	38.38%	52.40%	36.51%
Operating Margin	36.56%	32.47%	29.41%	33.63%	48.25%	26.45%
Profit Margin	28.66%	25.38%	24.88%	27.72%	35.20%	19.27%
FCF Margin	21.88%	25.44%	29.53%	34.05%	30.41%	36.08%
EBITDA	3,613	3,198	2,671	3,099	6,247	2,617
EBITDA Margin	48.78%	45.14%	45.00%	46.73%	55.85%	40.03%
EBIT	2,708	2,300	1,746	2,230	5,397	1,729
EBIT Margin	36.56%	32.47%	29.41%	33.63%	48.25%	26.45%
Effective Tax Rate	19.77%	19.70%	16.17%	18.24%	22.73%	18.34%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q