CF Industries Holdings, Inc. (CF)

CF Industries Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	6,736	5,936	6,631	11,186	6,538	4,124
Revenue Growth (YoY)	12.59%	-10.48%	-40.72%	71.09%	58.54%	-10.15%
Cost of Revenue	4,253	3,880	4,086	5,325	4,151	3,323
Gross Profit	2,483	2,056	2,545	5,861	2,387	801
Selling, General & Admin	337	306	278	304	226	205
Other Operating Expenses	-	25	4	-14	-19	-
Operating Expenses	337	331	282	290	207	205
Operating Income	2,146	1,725	2,263	5,571	2,180	596
Interest Expense	-161	-121	-150	-344	-184	-179
Interest & Investment Income	90	123	158	65	1	18
Earnings From Equity Investments	15	4	-8	94	47	11
Currency Exchange Gain (Loss)	7	-	-	-28	-6	-5
Other Non Operating Income (Expenses)	-	-	-1	-1	19	-
EBT Excluding Unusual Items	2,097	1,731	2,262	5,357	2,057	441
Merger & Restructuring Charges	-23	-4	-49	-19	-	-
Impairment of Goodwill	-	-	-	-	-285	-
Gain (Loss) on Sale of Assets	-4	35	35	4	26	-6
Asset Writedown	-	-	-	-239	-236	-9
Other Unusual Items	-	-	-	-8	-19	-
Pretax Income	2,070	1,762	2,248	5,095	1,543	463
Income Tax Expense	375	285	410	1,158	283	31
Earnings From Continuing Operations	1,695	1,477	1,838	3,937	1,260	432
Minority Interest in Earnings	-316	-259	-313	-591	-343	-115
Net Income	1,379	1,218	1,525	3,346	917	317
Net Income to Common	1,379	1,218	1,525	3,346	917	317
Net Income Growth	18.47%	-20.13%	-54.42%	264.88%	189.27%	-35.70%
Shares Outstanding (Basic)	166	180	193	203	215	215
Shares Outstanding (Diluted)	167	181	194	204	216	215
Shares Change (YoY)	-9.92%	-6.76%	-5.09%	-5.55%	0.46%	-2.89%
EPS (Basic)	8.29	6.75	7.89	16.46	4.27	1.48
EPS (Diluted)	8.27	6.74	7.87	16.38	4.24	1.47
EPS Growth	31.44%	-14.36%	-51.95%	286.32%	188.44%	-34.08%
Free Cash Flow	1,712	1,753	2,258	3,402	2,359	922
Free Cash Flow Per Share	10.28	9.70	11.65	16.66	10.91	4.28
Dividend Per Share	2.000	2.000	1.600	1.500	1.200	1.200
Dividend Growth	5.26%	25.00%	6.67%	25.00%	-	-
Gross Margin	36.86%	34.64%	38.38%	52.40%	36.51%	19.42%
Operating Margin	31.86%	29.06%	34.13%	49.80%	33.34%	14.45%
Profit Margin	20.47%	20.52%	23.00%	29.91%	14.03%	7.69%
Free Cash Flow Margin	25.42%	29.53%	34.05%	30.41%	36.08%	22.36%
EBITDA	3,037	2,650	3,132	6,421	3,068	1,488
EBITDA Margin	45.09%	44.64%	47.23%	57.40%	46.93%	36.08%
D&A For EBITDA	891	925	869	850	888	892
EBIT	2,146	1,725	2,263	5,571	2,180	596
EBIT Margin	31.86%	29.06%	34.13%	49.80%	33.34%	14.45%
Effective Tax Rate	18.12%	16.18%	18.24%	22.73%	18.34%	6.69%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q