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CompareEarnings: May 31, 2026

CF Industries Holdings Inc

Exchange: NYSESector: Basic MaterialsIndustry: Agricultural Inputs

At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable low-carbon hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy.

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Trading 128% below its estimated fair value of $296.11.

Current Price

$129.97

+1.55%

GoodMoat Value

$296.11

127.8% undervalued
Profile
Valuation (TTM)
Market Cap$20.27B
P/E13.93
EV$20.40B
P/B4.19
Shares Out155.97M
P/Sales2.86
Revenue$7.08B
EV/EBITDA7.44

CF Industries Holdings Inc (CF) Financial Statements

GoodMoat Analysis

Based on data as of March 26, 2026

CF Industries exhibits strong profitability and cash generation, with robust ROE and a healthy free cash flow yield. However, its financial quality is mixed, with a leveraged balance sheet and revenue growth that appears cyclical rather than driven by durable moat advantages.

Read full analysis
CF Industries demonstrates high profitability, with an operating margin of 32.3% and a Return on Equity of 30.1%, which far exceeds the framework's 15-20% threshold for high-quality ROIC. Free cash flow generation is a clear strength, with a 9.1% FCF yield indicating strong cash conversion relative to its market value. Revenue growth of 22.8% YoY is currently high, but for a cyclical commodity producer, this is more likely tied to fertilizer price cycles than durable, moat-driven expansion. The balance sheet presents a notable concern from a quality perspective. A Debt/Equity ratio of 0.75 indicates a leveraged capital structure, which fails the framework's preference for a substantial net cash position and low debt. This leverage, while manageable with current profits, introduces risk during industry downturns. Overall, the company shows powerful operational performance in the current cycle, but key quality indicators related to financial structure and the sustainability of growth are unfavourable when assessed against the value framework's standards for a durable, high-quality business.

CF Financial Data

EBITDA$2.95B
Revenue (TTM)$7.08B
Gross Profit (TTM)$2.72B
Gross Margin—
Operating Margin32.27%
ROE30.07%
ROA10.33%
Debt/Equity0.75
Current Ratio3.37
FCF$1.81B
FCF Yield8.94%
Piotroski F-Score—
Rev/Share (TTM)$45.42
50-Day MA$107.75
200-Day MA$90.76
Shares Outstanding0.16B

CF Computed Insights

FCF$1.81B
FCF Growth Rate7.55%
EPS Growth (CAGR)7.55%
WACC10.00%

Income Statement

Balance Sheet

Cash Flow Statement

CF Financial Statements & Data

CF Industries Holdings Inc (CF) financial data including income statement, balance sheet, and cash flow statement. This page provides a comprehensive view of CF Industries Holdings Inc's financial performance and position as a Basic Materials company.

Trailing twelve-month (TTM) revenue is $7.08B. Gross profit (TTM) is $2.72B. EBITDA is $2.95B. Earnings per share (EPS) is $8.97. The P/E ratio is 13.93. Market capitalization is $20.27B.

Free cash flow (FCF) is $1.81B. FCF growth rate is 7.55%. EPS growth CAGR is 7.55%. Weighted average cost of capital (WACC) is 10.00%.

Historical revenue data covers 7 years from FY19 to FY25. Net income history spans 7 years. Free cash flow and capital expenditure data spans 7 years. GoodMoat displays interactive charts for revenue, net income, FCF vs CAPEX, and cash-to-debt ratios to help investors identify financial trends.

Use CF Industries Holdings Inc's financial data to assess the company's earnings quality, balance sheet health, and cash generation. Compare key metrics across periods to identify trends before making investment decisions with GoodMoat's valuation tools.