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CF Industries (CF) Financials

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$91.54 -0.01 (-0.01%)
As of 01:02 PM Eastern
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Annual Income Statements for CF Industries

Annual Income Statements for CF Industries

This table shows CF Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
1,218 1,525 3,346 917 317 493 290 358 -277 700
Consolidated Net Income / (Loss)
1,477 1,838 3,937 1,260 432 646 428 450 -158 734
Net Income / (Loss) Continuing Operations
1,477 1,838 3,937 1,260 432 646 428 456 -158 734
Total Pre-Tax Income
1,762 2,248 5,095 1,543 463 772 547 -125 -226 1,058
Total Operating Income
1,746 2,230 5,397 1,729 623 1,003 766 234 138 1,193
Total Gross Profit
2,056 2,545 5,861 2,387 801 1,174 917 434 843 1,547
Total Revenue
5,936 6,631 11,186 6,538 4,124 4,590 4,429 4,130 3,685 4,308
Operating Revenue
5,936 6,631 11,186 6,538 4,124 4,590 4,429 4,130 3,685 4,308
Total Cost of Revenue
3,880 4,086 5,325 4,151 3,323 3,416 3,512 3,696 2,842 2,761
Operating Cost of Revenue
3,880 4,086 5,325 4,151 3,323 3,416 3,512 3,696 2,842 2,761
Total Operating Expenses
310 315 464 658 178 171 151 200 705 354
Selling, General & Admin Expense
320 289 290 223 206 239 214 191 381 262
Other Operating Expenses / (Income)
-14 -23 -84 -86 -28 -68 -63 9.00 145 35
Impairment Charge
0.00 0.00 239 521 0.00 0.00 - - - -
Restructuring Charge
4.00 49 19 0.00 0.00 - - - 179 57
Total Other Income / (Expense), net
16 18 -302 -186 -160 -231 -219 -353 -364 -135
Interest Expense
121 150 352 203 179 258 241 368 367 133
Interest & Investment Income
123 158 65 1.00 18 20 13 12 5.00 2.00
Other Income / (Expense), net
14 10 -15 16 1.00 7.00 9.00 -3.00 -2.00 -4.00
Income Tax Expense
285 410 1,158 283 31 126 119 -575 -68 396
Net Income / (Loss) Attributable to Noncontrolling Interest
259 313 591 343 115 153 138 92 119 34
Basic Earnings per Share
$6.75 $7.89 $16.45 $4.27 $1.48 $2.24 $1.25 $1.53 ($1.19) $2.97
Weighted Average Basic Shares Outstanding
180.40M 193.30M 203.30M 215M 214.90M 220.20M 232.60M 233.50M 233.10M 235.30M
Diluted Earnings per Share
$6.74 $7.87 $16.38 $4.24 $1.47 $2.23 $1.24 $1.53 ($1.19) $2.96
Weighted Average Diluted Shares Outstanding
180.70M 193.80M 204.20M 216.20M 215.20M 221.60M 233.80M 233.90M 233.10M 236.10M
Weighted Average Basic & Diluted Shares Outstanding
169.54M 188.34M 195.77M 207.30M 214.16M 216.17M 232M 234M 232.80M 235.70M
Cash Dividends to Common per Share
$2.00 $1.60 $1.50 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20 $1.20

Quarterly Income Statements for CF Industries

This table shows CF Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
312 328 276 420 194 274 164 527 560 860 438
Consolidated Net Income / (Loss)
351 392 341 506 238 352 230 606 650 1,009 538
Net Income / (Loss) Continuing Operations
351 392 341 506 238 352 230 606 650 1,009 538
Total Pre-Tax Income
437 433 400 629 300 436 253 740 819 1,254 693
Total Operating Income
455 441 364 638 303 426 244 734 826 1,211 750
Total Gross Profit
572 524 444 679 409 501 377 804 863 1,256 916
Total Revenue
1,663 1,524 1,370 1,572 1,470 1,571 1,273 1,775 2,012 2,608 2,321
Operating Revenue
1,663 1,524 1,370 1,572 1,470 1,571 1,273 1,775 2,012 2,608 2,321
Total Cost of Revenue
1,091 1,000 926 893 1,061 1,070 896 971 1,149 1,352 1,405
Operating Cost of Revenue
1,091 1,000 926 893 1,061 1,070 896 971 1,149 1,352 1,405
Total Operating Expenses
117 83 80 41 106 75 133 70 37 45 166
Selling, General & Admin Expense
84 78 78 76 88 76 68 71 74 87 66
Other Operating Expenses / (Income)
10 5.00 2.00 -36 15 -16 49 -4.00 -52 -43 5.00
Restructuring Charge
23 - 0.00 1.00 3.00 15 16 3.00 15 1.00 8.00
Total Other Income / (Expense), net
-18 -8.00 36 -9.00 -3.00 10 9.00 6.00 -7.00 43 -57
Interest Expense
37 47 0.00 37 37 35 39 36 40 -25 46
Interest & Investment Income
17 33 32 28 30 43 45 40 30 9.00 12
Other Income / (Expense), net
2.00 6.00 4.00 0.00 4.00 2.00 3.00 2.00 3.00 9.00 -23
Income Tax Expense
86 41 59 123 62 84 23 134 169 245 155
Net Income / (Loss) Attributable to Noncontrolling Interest
39 64 65 86 44 78 66 79 90 149 100
Basic Earnings per Share
$1.85 $1.87 $1.55 $2.30 $1.03 $1.47 $0.85 $2.71 $2.86 $4.44 $2.19
Weighted Average Basic Shares Outstanding
168.60M 180.40M 178.40M 182.70M 187.60M 193.30M 192.40M 194.60M 196.20M 203.30M 200.20M
Diluted Earnings per Share
$1.85 $1.86 $1.55 $2.30 $1.03 $1.47 $0.85 $2.70 $2.85 $4.41 $2.18
Weighted Average Diluted Shares Outstanding
168.80M 180.70M 178.60M 182.80M 188.10M 193.80M 192.90M 195M 196.90M 204.20M 200.90M
Weighted Average Basic & Diluted Shares Outstanding
162.01M 169.54M 174.02M 180.41M 182.78M 188.34M 191.06M 192.95M 194.92M 195.77M 196.19M
Cash Dividends to Common per Share
$0.50 - $0.50 $0.50 $0.50 - $0.40 $0.40 $0.40 - $0.40

Annual Cash Flow Statements for CF Industries

This table details how cash moves in and out of CF Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
-418 -291 695 945 396 -395 -153 -334 860 -1,711
Net Cash From Operating Activities
2,271 2,757 3,855 2,873 1,231 1,505 1,497 1,631 617 1,207
Net Cash From Continuing Operating Activities
2,271 2,757 3,855 2,873 1,231 1,505 1,497 1,631 617 1,207
Net Income / (Loss) Continuing Operations
1,477 1,838 3,937 1,260 432 646 428 450 -158 734
Consolidated Net Income / (Loss)
1,477 1,838 3,937 1,260 432 646 428 450 -158 734
Depreciation Expense
925 869 850 888 892 875 888 883 678 480
Non-Cash Adjustments To Reconcile Net Income
-36 9.00 327 544 36 29 13 127 102 209
Changes in Operating Assets and Liabilities, net
-95 41 -1,259 181 -129 -45 168 171 -5.00 -216
Net Cash From Investing Activities
-469 -1,679 -440 -466 -299 -319 -375 -413 -2,195 -2,976
Net Cash From Continuing Investing Activities
-469 -1,679 -440 -466 -299 -319 -375 -413 -2,195 -3,528
Purchase of Property, Plant & Equipment
-518 -499 -453 -514 -309 -404 -422 -473 -2,211 -2,469
Acquisitions
2.00 -1,223 0.00 0.00 - - - - - -552
Purchase of Investments
-2.00 -1.00 -1.00 -13 0.00 0.00 - - - -
Sale of Property, Plant & Equipment
3.00 1.00 1.00 1.00 2.00 70 26 20 14 12
Sale and/or Maturity of Investments
2.00 1.00 7.00 12 6.00 0.00 10 23 0.00 0.00
Other Investing Activities, net
44 42 6.00 48 2.00 15 11 1.00 2.00 -532
Net Cash From Financing Activities
-2,205 -1,372 -2,700 -1,463 -542 -1,583 -1,270 -1,564 2,439 77
Net Cash From Continuing Financing Activities
-2,205 -1,372 -2,700 -1,463 -542 -1,583 -1,272 -1,564 2,439 77
Repayment of Debt
0.00 -2.00 -511 -518 -500 -772 -1.00 -1,149 -1,351 -414
Repurchase of Common Equity
-1,509 -580 -1,347 -539 -100 -370 -467 0.00 0.00 -556
Payment of Dividends
-672 -770 -925 -454 -432 -451 -807 -411 -399 -327
Other Financing Activities, net
-24 -20 83 48 -10 10 3.00 -4.00 -5.00 7.00
Effect of Exchange Rate Changes
-15 3.00 -20 1.00 6.00 2.00 - 12 -1.00 -19

Quarterly Cash Flow Statements for CF Industries

This table details how cash moves in and out of CF Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-208 -263 58 46 -259 -1,222 35 394 502 131 -178
Net Cash From Operating Activities
586 420 931 475 445 480 618 712 947 585 990
Net Cash From Continuing Operating Activities
586 420 931 475 445 480 618 712 947 585 990
Net Income / (Loss) Continuing Operations
351 392 341 506 238 352 230 606 650 1,009 538
Consolidated Net Income / (Loss)
351 392 341 506 238 352 230 606 650 1,009 538
Depreciation Expense
221 221 229 222 253 229 213 221 206 198 221
Non-Cash Adjustments To Reconcile Net Income
32 12 7.00 -38 -17 39 58 14 -102 78 123
Changes in Operating Assets and Liabilities, net
-18 -205 354 -215 -29 -140 117 -129 193 -700 108
Net Cash From Investing Activities
-126 -196 -139 -34 -100 -1,408 -144 -93 -34 -132 -187
Net Cash From Continuing Investing Activities
-126 -196 -139 -34 -100 -1,408 -144 -93 -34 -132 -187
Purchase of Property, Plant & Equipment
-132 -197 -139 -84 -98 -188 -147 -95 -69 -134 -190
Sale of Property, Plant & Equipment
2.00 3.00 - - - - - - - - -
Divestitures
4.00 - - - - - - - - - -
Other Investing Activities, net
0.00 -1.00 - 47 -2.00 3.00 3.00 1.00 35 - 3.00
Net Cash From Financing Activities
-671 -462 -745 -396 -602 -302 -431 -229 -410 -330 -966
Net Cash From Continuing Financing Activities
-671 -462 -745 -396 -602 -302 -431 -229 -410 -330 -966
Repurchase of Common Equity
-444 -375 -490 -305 -339 -225 -150 -151 -54 -251 -519
Payment of Dividends
-215 -86 -254 -91 -241 -76 -281 -79 -334 -79 -452
Other Financing Activities, net
-12 -1.00 -1.00 - -22 1.00 - 1.00 -22 - 5.00
Other Net Changes in Cash
3.00 - - - -2.00 - - - - - -

Annual Balance Sheets for CF Industries

This table presents CF Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
13,466 14,376 13,313 12,375 12,023 12,172 12,661 10,010 15,131 12,683
Total Current Assets
2,520 3,050 3,673 2,593 1,367 974 1,274 835 2,655 1,127
Cash & Equivalents
1,614 2,032 2,323 1,628 683 287 682 835 1,164 286
Accounts Receivable
404 505 582 497 265 242 235 - 236 267
Inventories, net
314 299 474 408 287 351 309 - 339 321
Current Deferred & Refundable Income Taxes
145 167 215 4.00 97 71 28 - 841 185
Other Current Assets
43 47 79 56 35 23 20 - 70 45
Plant, Property, & Equipment, net
6,735 7,141 6,437 7,081 7,632 8,170 8,623 9,175 9,652 8,539
Total Noncurrent Assets
4,211 4,185 3,203 2,701 3,024 3,028 2,764 0.00 2,824 3,017
Long-Term Investments
29 26 74 82 80 88 93 - 139 298
Goodwill
2,492 2,495 2,089 2,091 2,374 2,365 2,353 - 2,345 2,390
Intangible Assets
507 538 15 - - - - - - -
Other Noncurrent Operating Assets
1,183 1,126 1,025 528 570 575 318 - 340 329
Total Liabilities & Shareholders' Equity
13,466 14,376 13,313 12,375 12,023 12,172 12,661 3,105 15,131 12,683
Total Liabilities
5,874 6,003 5,460 6,339 6,420 6,535 6,930 0.00 8,639 8,296
Total Current Liabilities
818 800 995 1,432 906 665 705 0.00 686 1,215
Accounts Payable
603 520 575 565 424 437 545 - 638 918
Current Deferred Revenue
118 130 229 700 130 119 149 - 42 162
Current Deferred & Payable Income Tax Liabilities
2.00 12 3.00 24 0.00 1.00 5.00 - 1.00 5.00
Other Current Liabilities
95 138 188 143 103 108 6.00 - 5.00 130
Total Noncurrent Liabilities
5,056 5,203 4,465 4,907 5,514 5,870 6,225 0.00 7,953 7,081
Long-Term Debt
2,971 2,968 2,965 3,465 3,712 3,957 4,698 - 5,778 5,537
Noncurrent Deferred Revenue
724 754 0.00 - - - - - - -
Noncurrent Deferred & Payable Income Tax Liabilities
871 999 958 1,029 1,184 1,246 1,117 - 1,630 916
Other Noncurrent Operating Liabilities
490 482 542 413 618 667 410 - 545 628
Total Equity & Noncontrolling Interests
7,592 8,373 7,853 6,036 5,603 5,637 5,731 6,684 6,492 4,387
Total Preferred & Common Equity
4,985 5,717 5,051 3,206 2,922 2,897 2,958 0.00 3,348 4,035
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Total Common Equity
4,985 5,717 5,051 3,206 2,922 2,897 2,958 0.00 3,348 4,035
Common Stock
1,286 1,391 1,414 1,377 1,319 1,305 1,370 - 1,382 1,380
Retained Earnings
4,009 4,535 3,867 2,088 1,927 1,958 2,463 - 2,365 3,058
Treasury Stock
-30 0.00 0.00 -2.00 -4.00 0.00 -504 - -1.00 -153
Accumulated Other Comprehensive Income / (Loss)
-280 -209 -230 -257 -320 -366 -371 - -398 -250
Noncontrolling Interest
2,607 2,656 2,802 2,830 2,681 2,740 2,773 3,105 3,144 352

Quarterly Balance Sheets for CF Industries

This table presents CF Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets
13,308 13,466 13,843 13,775 13,861 14,376 13,543 13,537 13,398 13,313 13,280
Total Current Assets
2,433 2,520 2,850 2,801 2,719 3,050 4,190 4,072 3,848 3,673 3,680
Cash & Equivalents
1,406 1,614 1,877 1,819 1,773 2,032 3,254 3,219 2,825 2,323 2,192
Accounts Receivable
582 404 482 531 535 505 417 388 482 582 721
Inventories, net
351 314 301 302 271 299 318 319 430 474 500
Current Deferred & Refundable Income Taxes
54 145 133 85 102 167 147 81 69 215 179
Other Current Assets
40 43 57 64 38 47 54 65 42 79 88
Plant, Property, & Equipment, net
6,603 6,735 6,816 6,830 6,982 7,141 6,156 6,218 6,294 6,437 6,500
Total Noncurrent Assets
4,272 4,211 4,177 4,144 4,160 4,185 3,197 3,247 3,256 3,203 3,100
Long-Term Investments
33 29 28 25 29 26 32 72 81 74 86
Goodwill
2,492 2,492 2,493 2,493 2,495 2,495 2,089 2,089 2,089 2,089 2,088
Intangible Assets
499 507 515 522 532 538 - - - 15 -
Other Noncurrent Operating Assets
1,248 1,183 1,141 1,104 1,104 1,126 1,076 1,086 1,086 1,025 926
Total Liabilities & Shareholders' Equity
13,308 13,466 13,843 13,775 13,861 14,376 13,543 13,537 13,398 13,313 13,280
Total Liabilities
6,011 5,874 6,106 5,673 5,865 6,003 5,242 5,017 5,308 5,460 6,183
Total Current Liabilities
939 818 1,013 596 690 800 926 622 862 995 1,381
Accounts Payable
597 603 562 501 501 520 497 451 452 575 711
Current Deferred Revenue
241 118 348 8.00 104 130 282 9.00 284 229 511
Current Deferred & Payable Income Tax Liabilities
2.00 2.00 3.00 0.00 0.00 12 20 47 10 3.00 25
Other Current Liabilities
99 95 100 87 85 138 127 115 116 188 134
Total Noncurrent Liabilities
5,072 5,056 5,093 5,077 5,175 5,203 4,316 4,395 4,446 4,465 4,802
Long-Term Debt
2,972 2,971 2,970 2,970 2,969 2,968 2,967 2,967 2,966 2,965 2,965
Noncurrent Deferred Revenue
717 724 732 739 747 754 - - - 0.00 -
Noncurrent Deferred & Payable Income Tax Liabilities
845 871 927 926 985 999 882 910 933 958 1,010
Other Noncurrent Operating Liabilities
538 490 464 442 474 482 467 518 547 542 827
Total Equity & Noncontrolling Interests
7,297 7,592 7,737 8,102 7,996 8,373 8,301 8,520 8,090 7,853 7,097
Total Preferred & Common Equity
4,780 4,985 5,194 5,460 5,440 5,717 5,723 5,804 5,453 5,051 4,444
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
4,780 4,985 5,194 5,460 5,445 5,717 5,725 5,807 5,454 5,051 4,444
Common Stock
1,294 1,286 1,353 1,347 1,405 1,391 1,418 1,432 1,426 1,414 1,490
Retained Earnings
4,208 4,009 4,533 4,360 4,634 4,535 4,681 4,797 4,348 3,867 4,087
Treasury Stock
-451 -30 -483 -15 -369 0.00 -149 -223 -96 0.00 -863
Accumulated Other Comprehensive Income / (Loss)
-271 -280 -209 -232 -225 -209 -225 -199 -224 -230 -270
Noncontrolling Interest
2,517 2,607 2,543 2,642 2,556 2,656 2,578 2,716 2,637 2,802 2,653

Annual Metrics And Ratios for CF Industries

This table displays calculated financial ratios and metrics derived from CF Industries' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
-10.48% -40.72% 71.09% 58.54% -10.15% 3.64% 7.24% 12.08% -14.46% -9.17%
EBITDA Growth
-13.64% -50.11% 136.69% 73.68% -19.58% 13.35% 49.28% 36.86% -51.23% -52.41%
EBIT Growth
-21.43% -58.38% 208.42% 179.65% -38.22% 30.32% 235.50% 69.85% -88.56% -61.82%
NOPAT Growth
-19.73% -56.28% 195.38% 142.89% -30.74% 40.03% 265.91% 69.57% -87.06% -51.20%
Net Income Growth
-19.64% -53.31% 212.46% 191.67% -33.13% 50.93% -4.89% 384.81% -121.53% -48.92%
EPS Growth
-14.36% -51.95% 286.32% 188.44% -34.08% 79.84% -18.95% 228.57% -140.20% -45.39%
Operating Cash Flow Growth
-17.63% -28.48% 34.18% 133.39% -18.21% 0.53% -8.22% 164.34% -48.88% -15.06%
Free Cash Flow Firm Growth
90.02% -72.85% 46.18% 142.36% -21.58% 958.77% -93.83% 225.99% 34.10% -586.86%
Invested Capital Growth
-3.91% 10.24% 8.09% -11.48% -4.53% -4.51% 5.22% -16.30% 17.66% 49.77%
Revenue Q/Q Growth
-0.79% -13.52% 0.61% 28.20% 1.30% -1.78% 0.75% 5.95% 0.00% 0.00%
EBITDA Q/Q Growth
0.41% -19.66% 0.84% 59.38% -0.13% -1.67% 4.92% 27.02% 34.10% 277.18%
EBIT Q/Q Growth
1.09% -26.12% 1.74% 126.04% -3.11% -2.23% 13.47% 788.46% 0.00% 0.00%
NOPAT Q/Q Growth
3.85% -25.69% 2.06% 106.51% 0.78% 2.20% -58.74% 609.09% 0.00% 0.00%
Net Income Q/Q Growth
2.78% -26.33% 3.96% 142.31% 6.14% -0.15% -48.80% 231.96% 0.00% 0.00%
EPS Q/Q Growth
6.14% -27.20% 7.55% 207.25% 10.53% 2.29% -58.94% 183.61% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
-2.57% -3.67% -18.84% 70.71% -0.97% 3.29% 1.63% 14.30% -2.06% -13.99%
Free Cash Flow Firm Q/Q Growth
209.95% -57.38% -21.88% 93.80% -5.62% -0.85% -92.64% 153.32% 20.22% 21.82%
Invested Capital Q/Q Growth
1.34% 16.30% 8.18% -5.33% 0.06% -0.64% -0.90% -7.56% 2.72% 6.71%
Profitability Metrics
- - - - - - - - - -
Gross Margin
34.64% 38.38% 52.40% 36.51% 19.42% 25.58% 20.70% 10.51% 22.88% 35.91%
EBITDA Margin
45.23% 46.89% 55.71% 40.27% 36.76% 41.07% 37.55% 26.97% 22.09% 38.74%
Operating Margin
29.41% 33.63% 48.25% 26.45% 15.11% 21.85% 17.30% 5.67% 3.74% 27.69%
EBIT Margin
29.65% 33.78% 48.11% 26.69% 15.13% 22.00% 17.50% 5.59% 3.69% 27.60%
Profit (Net Income) Margin
24.88% 27.72% 35.20% 19.27% 10.48% 14.07% 9.66% 10.90% -4.29% 17.04%
Tax Burden Percent
83.83% 81.76% 77.27% 81.66% 93.30% 83.68% 78.25% -360.00% 69.91% 69.38%
Interest Burden Percent
100.11% 100.36% 94.67% 88.42% 74.20% 76.44% 70.58% -54.11% -166.18% 88.98%
Effective Tax Rate
16.17% 18.24% 22.73% 18.34% 6.70% 16.32% 21.76% 0.00% 0.00% 37.43%
Return on Invested Capital (ROIC)
16.08% 20.60% 51.45% 17.02% 6.45% 8.89% 6.37% 1.63% 0.95% 9.61%
ROIC Less NNEP Spread (ROIC-NNEP)
17.28% 22.59% 31.36% 10.89% 2.05% 3.74% 1.02% 9.85% -4.46% 9.23%
Return on Net Nonoperating Assets (RNNOA)
2.42% 2.06% 5.24% 4.63% 1.24% 2.47% 0.53% 5.20% -3.86% 6.78%
Return on Equity (ROE)
18.50% 22.66% 56.69% 21.65% 7.69% 11.37% 6.89% 6.83% -2.90% 16.38%
Cash Return on Invested Capital (CROIC)
20.07% 10.86% 43.68% 29.19% 11.09% 13.50% 1.28% 19.38% -15.27% -30.25%
Operating Return on Assets (OROA)
12.64% 16.18% 41.90% 14.30% 5.16% 8.13% 6.84% 1.84% 0.98% 9.93%
Return on Assets (ROA)
10.61% 13.28% 30.65% 10.33% 3.57% 5.20% 3.78% 3.58% -1.14% 6.13%
Return on Common Equity (ROCE)
12.40% 15.03% 33.70% 11.40% 3.98% 5.85% 1.64% 1.74% -1.97% 15.08%
Return on Equity Simple (ROE_SIMPLE)
29.63% 32.15% 77.95% 39.30% 14.78% 22.30% 14.47% 0.00% -4.72% 18.19%
Net Operating Profit after Tax (NOPAT)
1,464 1,823 4,170 1,412 581 839 599 164 97 746
NOPAT Margin
24.66% 27.50% 37.28% 21.60% 14.10% 18.29% 13.53% 3.97% 2.62% 17.33%
Net Nonoperating Expense Percent (NNEP)
-1.20% -1.99% 20.09% 6.13% 4.40% 5.15% 5.34% -8.22% 5.42% 0.38%
Return On Investment Capital (ROIC_SIMPLE)
13.86% 16.08% 38.55% - - - - - - -
Cost of Revenue to Revenue
65.36% 61.62% 47.60% 63.49% 80.58% 74.42% 79.30% 89.49% 77.12% 64.09%
SG&A Expenses to Revenue
5.39% 4.36% 2.59% 3.41% 5.00% 5.21% 4.83% 4.62% 10.34% 6.08%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
5.22% 4.75% 4.15% 10.06% 4.32% 3.73% 3.41% 4.84% 19.13% 8.22%
Earnings before Interest and Taxes (EBIT)
1,760 2,240 5,382 1,745 624 1,010 775 231 136 1,189
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
2,685 3,109 6,232 2,633 1,516 1,885 1,663 1,114 814 1,669
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
2.96 2.57 3.14 4.48 2.62 3.19 2.94 0.00 1.78 1.83
Price to Tangible Book Value (P/TBV)
7.43 5.48 5.38 12.87 13.96 17.35 14.36 0.00 5.94 4.48
Price to Revenue (P/Rev)
2.49 2.22 1.42 2.20 1.85 2.01 1.96 2.02 1.62 1.71
Price to Earnings (P/E)
12.12 9.65 4.74 15.65 24.13 18.72 29.97 23.34 0.00 10.53
Dividend Yield
2.36% 2.08% 1.85% 1.79% 3.36% 2.83% 3.19% 3.35% 4.70% 3.79%
Earnings Yield
8.25% 10.36% 21.09% 6.39% 4.14% 5.34% 3.34% 4.29% 0.00% 9.50%
Enterprise Value to Invested Capital (EV/IC)
2.10 1.97 2.28 2.43 1.54 1.69 1.59 1.16 1.24 1.36
Enterprise Value to Revenue (EV/Rev)
3.15 2.76 1.72 2.90 3.28 3.39 3.47 2.57 3.68 2.94
Enterprise Value to EBITDA (EV/EBITDA)
6.96 5.88 3.09 7.19 8.92 8.25 9.25 9.54 16.67 7.58
Enterprise Value to EBIT (EV/EBIT)
10.62 8.16 3.57 10.85 21.68 15.40 19.85 45.99 99.76 10.64
Enterprise Value to NOPAT (EV/NOPAT)
12.77 10.03 4.61 13.41 23.27 18.53 25.67 64.86 140.45 16.95
Enterprise Value to Operating Cash Flow (EV/OCF)
8.23 6.63 4.99 6.59 10.99 10.33 10.28 6.51 21.99 10.48
Enterprise Value to Free Cash Flow (EV/FCFF)
10.23 19.02 5.43 7.82 13.54 12.20 127.84 5.45 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.39 0.35 0.38 0.57 0.71 0.70 0.82 0.00 0.89 1.26
Long-Term Debt to Equity
0.39 0.35 0.38 0.57 0.66 0.70 0.82 0.00 0.89 1.26
Financial Leverage
0.14 0.09 0.17 0.43 0.60 0.66 0.52 0.53 0.86 0.73
Leverage Ratio
1.74 1.71 1.85 2.10 2.15 2.18 1.83 1.91 2.56 2.67
Compound Leverage Factor
1.75 1.71 1.75 1.85 1.60 1.67 1.29 -1.03 -4.25 2.38
Debt to Total Capital
28.13% 26.17% 27.41% 36.47% 41.42% 41.24% 45.05% 0.00% 47.09% 55.79%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 2.60% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
28.13% 26.17% 27.41% 36.47% 38.81% 41.24% 45.05% 0.00% 47.09% 55.79%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
24.68% 23.42% 25.90% 29.79% 28.03% 28.56% 26.59% 46.45% 25.62% 3.55%
Common Equity to Total Capital
47.19% 50.41% 46.69% 33.74% 30.55% 30.20% 28.36% 0.00% 27.29% 40.66%
Debt to EBITDA
1.11 0.95 0.48 1.32 2.61 2.10 2.83 0.00 7.10 3.32
Net Debt to EBITDA
0.49 0.29 0.09 0.67 2.11 1.90 2.36 0.00 5.49 2.95
Long-Term Debt to EBITDA
1.11 0.95 0.48 1.32 2.45 2.10 2.83 0.00 7.10 3.32
Debt to NOPAT
2.03 1.63 0.71 2.45 6.81 4.71 7.84 0.00 59.81 7.42
Net Debt to NOPAT
0.91 0.50 0.14 1.24 5.50 4.27 6.55 0.00 46.27 6.60
Long-Term Debt to NOPAT
2.03 1.63 0.71 2.45 6.39 4.71 7.84 0.00 59.81 7.42
Altman Z-Score
2.95 3.08 4.57 2.70 1.50 1.75 1.63 0.00 1.06 1.51
Noncontrolling Interest Sharing Ratio
32.97% 33.64% 40.55% 47.35% 48.23% 48.50% 76.17% 74.59% 32.14% 7.98%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
3.08 3.81 3.69 1.81 1.51 1.46 1.81 0.00 3.87 0.93
Quick Ratio
2.47 3.17 2.92 1.48 1.05 0.80 1.30 0.00 2.04 0.46
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
1,827 961 3,540 2,422 999 1,274 120 1,951 -1,548 -2,350
Operating Cash Flow to CapEx
440.97% 553.61% 852.88% 560.04% 400.98% 450.60% 378.03% 360.04% 28.08% 49.12%
Free Cash Flow to Firm to Interest Expense
15.10 6.41 10.06 11.93 5.58 4.94 0.50 5.30 -4.22 -17.67
Operating Cash Flow to Interest Expense
18.77 18.38 10.95 14.15 6.88 5.83 6.21 4.43 1.68 9.08
Operating Cash Flow Less CapEx to Interest Expense
14.51 15.06 9.67 11.63 5.16 4.54 4.57 3.20 -4.31 -9.40
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.43 0.48 0.87 0.54 0.34 0.37 0.39 0.33 0.27 0.36
Accounts Receivable Turnover
13.06 12.20 20.73 17.16 16.27 19.25 0.00 0.00 14.65 18.79
Inventory Turnover
12.66 10.57 12.07 11.95 10.42 10.35 0.00 0.00 8.61 10.54
Fixed Asset Turnover
0.86 0.98 1.66 0.89 0.52 0.55 0.50 0.44 0.41 0.61
Accounts Payable Turnover
6.91 7.46 9.34 8.39 7.72 6.96 0.00 0.00 3.65 3.66
Days Sales Outstanding (DSO)
27.95 29.92 17.60 21.27 22.44 18.97 0.00 0.00 24.91 19.42
Days Inventory Outstanding (DIO)
28.83 34.53 30.23 30.56 35.04 35.26 0.00 0.00 42.38 34.63
Days Payable Outstanding (DPO)
52.82 48.91 39.07 43.48 47.29 52.46 0.00 0.00 99.92 99.67
Cash Conversion Cycle (CCC)
3.96 15.53 8.76 8.34 10.19 1.76 0.00 0.00 -32.63 -45.62
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
8,920 9,283 8,421 7,791 8,801 9,219 9,654 9,175 10,962 9,317
Invested Capital Turnover
0.65 0.75 1.38 0.79 0.46 0.49 0.47 0.41 0.36 0.55
Increase / (Decrease) in Invested Capital
-363 862 630 -1,010 -418 -435 479 -1,787 1,645 3,096
Enterprise Value (EV)
18,691 18,284 19,236 18,940 13,528 15,552 15,386 10,625 13,567 12,653
Market Capitalization
14,756 14,718 15,866 14,355 7,649 9,230 8,690 8,355 5,953 7,371
Book Value per Share
$28.65 $29.92 $25.75 $14.95 $13.66 $13.32 $12.82 $0.00 $14.36 $17.31
Tangible Book Value per Share
$11.41 $14.05 $15.02 $5.20 $2.56 $2.45 $2.62 $0.00 $4.30 $7.06
Total Capital
10,563 11,341 10,818 9,501 9,564 9,594 10,429 6,684 12,270 9,924
Total Debt
2,971 2,968 2,965 3,465 3,961 3,957 4,698 0.00 5,778 5,537
Total Long-Term Debt
2,971 2,968 2,965 3,465 3,712 3,957 4,698 0.00 5,778 5,537
Net Debt
1,328 910 568 1,755 3,198 3,582 3,923 -835 4,470 4,930
Capital Expenditures (CapEx)
515 498 452 513 307 334 396 453 2,197 2,457
Debt-free, Cash-free Net Working Capital (DFCFNWC)
88 218 355 -467 27 22 -113 0.00 800 -397
Debt-free Net Working Capital (DFNWC)
1,702 2,250 2,678 1,161 710 309 569 835 1,969 -88
Net Working Capital (NWC)
1,702 2,250 2,678 1,161 461 309 569 835 1,969 -88
Net Nonoperating Expense (NNE)
-13 -15 233 152 149 193 171 -286 255 12
Net Nonoperating Obligations (NNO)
1,328 910 568 1,755 3,198 3,582 3,923 2,491 4,470 4,930
Total Depreciation and Amortization (D&A)
925 869 850 888 892 875 888 883 678 480
Debt-free, Cash-free Net Working Capital to Revenue
1.48% 3.29% 3.17% -7.14% 0.65% 0.48% -2.55% 0.00% 21.71% -9.22%
Debt-free Net Working Capital to Revenue
28.67% 33.93% 23.94% 17.76% 17.22% 6.73% 12.85% 20.22% 53.43% -2.04%
Net Working Capital to Revenue
28.67% 33.93% 23.94% 17.76% 11.18% 6.73% 12.85% 20.22% 53.43% -2.04%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$6.75 $7.89 $16.45 $4.27 $1.48 $2.24 $1.25 $1.53 ($1.19) $2.97
Adjusted Weighted Average Basic Shares Outstanding
180.40M 193.30M 203.30M 215M 214.90M 220.20M 232.60M 233.50M 233.10M 235.30M
Adjusted Diluted Earnings per Share
$6.74 $7.87 $16.38 $4.24 $1.47 $2.23 $1.24 $1.53 ($1.19) $2.96
Adjusted Weighted Average Diluted Shares Outstanding
180.70M 193.80M 204.20M 216.20M 215.20M 221.60M 233.80M 233.90M 233.10M 236.10M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
169.54M 188.34M 195.77M 207.30M 214.16M 216.17M 222.89M 233.29M 233.11M 233.08M
Normalized Net Operating Profit after Tax (NOPAT)
1,467 1,863 4,370 1,837 581 839 599 164 222 782
Normalized NOPAT Margin
24.71% 28.10% 39.06% 28.10% 14.10% 18.29% 13.53% 3.97% 6.02% 18.16%
Pre Tax Income Margin
29.68% 33.90% 45.55% 23.60% 11.23% 16.82% 12.35% -3.03% -6.13% 24.56%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
14.55 14.93 15.29 8.60 3.49 3.91 3.22 0.63 0.37 8.94
NOPAT to Interest Expense
12.10 12.16 11.85 6.96 3.25 3.25 2.49 0.45 0.26 5.61
EBIT Less CapEx to Interest Expense
10.29 11.61 14.01 6.07 1.77 2.62 1.57 -0.60 -5.62 -9.53
NOPAT Less CapEx to Interest Expense
7.84 8.84 10.56 4.43 1.53 1.96 0.84 -0.79 -5.72 -12.86
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
45.50% 41.89% 23.50% 36.03% 100.00% 69.81% 188.55% 91.33% -252.53% 44.55%
Augmented Payout Ratio
147.66% 73.45% 57.71% 78.81% 123.15% 127.09% 297.66% 91.33% -252.53% 120.30%

Quarterly Metrics And Ratios for CF Industries

This table displays calculated financial ratios and metrics derived from CF Industries' official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
13.13% -2.99% 7.62% -11.44% -26.94% -39.76% -45.15% -47.62% -29.85% 2.68% 70.41%
EBITDA Growth
21.07% 1.67% 29.78% -10.14% -45.89% -53.67% -51.48% -52.17% -44.50% 3.81% 658.40%
EBIT Growth
48.86% 4.44% 48.99% -13.32% -62.97% -64.92% -66.02% -58.61% -49.97% 8.16% 1,032.05%
NOPAT Growth
52.03% 16.08% 39.89% -14.61% -63.33% -64.70% -61.90% -57.18% -45.38% 9.01% 957.51%
Net Income Growth
47.48% 11.36% 48.26% -16.50% -63.38% -65.11% -57.25% -54.74% -38.15% 17.46% 691.21%
EPS Growth
79.61% 26.53% 82.35% -14.81% -63.86% -66.67% -61.01% -51.61% -32.30% 35.28% 353.49%
Operating Cash Flow Growth
31.69% -12.50% 50.65% -33.29% -53.01% -17.95% -37.58% -19.91% -31.92% -60.47% 44.10%
Free Cash Flow Firm Growth
190.40% 247.13% -2,239.92% -219.51% -4,050.90% -250.43% -97.68% -80.15% -99.10% -81.91% 106.43%
Invested Capital Growth
-3.63% -3.91% 10.27% 12.59% 12.43% 10.24% 2.54% 2.08% 8.46% 8.09% -5.42%
Revenue Q/Q Growth
9.12% 11.24% -12.85% 6.94% -6.43% 23.41% -28.28% -11.78% -22.85% 12.37% -31.51%
EBITDA Q/Q Growth
1.50% 11.89% -30.58% 53.57% -14.76% 42.83% -51.93% -7.54% -27.01% 49.58% -52.62%
EBIT Q/Q Growth
2.24% 21.47% -42.32% 107.82% -28.27% 73.28% -66.44% -11.22% -32.05% 67.81% -59.11%
NOPAT Q/Q Growth
-8.46% 28.66% -39.54% 113.51% -30.11% 55.05% -63.10% -8.31% -32.72% 67.35% -58.52%
Net Income Q/Q Growth
-10.46% 14.96% -32.61% 112.61% -32.39% 53.04% -62.05% -6.77% -35.58% 87.55% -59.82%
EPS Q/Q Growth
-0.54% 20.00% -32.61% 123.30% -29.93% 72.94% -68.52% -5.26% -35.37% 102.29% -60.93%
Operating Cash Flow Q/Q Growth
39.52% -54.89% 96.00% 6.74% -7.29% -22.33% -13.20% -24.82% 61.88% -40.91% 11.36%
Free Cash Flow Firm Q/Q Growth
-8.37% 249.55% 1.75% 32.86% -49.13% -2,275.12% -94.51% 2,119.76% -94.32% -66.51% -52.98%
Invested Capital Q/Q Growth
-1.01% 1.34% -4.62% 0.71% -1.29% 16.30% -2.61% 0.56% -3.22% 8.18% -3.05%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
34.40% 34.38% 32.41% 43.19% 27.82% 31.89% 29.62% 45.30% 42.89% 48.16% 39.47%
EBITDA Margin
40.77% 43.83% 43.58% 54.71% 38.10% 41.82% 36.14% 53.92% 51.44% 54.37% 40.84%
Operating Margin
27.36% 28.94% 26.57% 40.59% 20.61% 27.12% 19.17% 41.35% 41.05% 46.43% 32.31%
EBIT Margin
27.48% 29.33% 26.86% 40.59% 20.88% 27.24% 19.40% 41.46% 41.20% 46.78% 31.32%
Profit (Net Income) Margin
21.11% 25.72% 24.89% 32.19% 16.19% 22.41% 18.07% 34.14% 32.31% 38.69% 23.18%
Tax Burden Percent
80.32% 90.53% 85.25% 80.45% 79.33% 80.73% 90.91% 81.89% 79.37% 80.46% 77.63%
Interest Burden Percent
95.62% 96.87% 108.70% 98.59% 97.72% 101.87% 102.43% 100.54% 98.79% 102.79% 95.32%
Effective Tax Rate
19.68% 9.47% 14.75% 19.55% 20.67% 19.27% 9.09% 18.11% 20.63% 19.54% 22.37%
Return on Invested Capital (ROIC)
14.97% 17.09% 16.15% 22.06% 11.50% 16.40% 16.95% 36.38% 42.97% 51.56% 34.83%
ROIC Less NNEP Spread (ROIC-NNEP)
13.90% 16.44% 24.38% 20.25% 11.11% 17.49% 21.40% 41.53% 41.62% 54.54% 32.15%
Return on Net Nonoperating Assets (RNNOA)
2.45% 2.30% 1.13% 0.98% 0.85% 1.59% 0.51% 0.49% 2.30% 9.12% 8.36%
Return on Equity (ROE)
17.43% 19.39% 17.28% 23.04% 12.35% 17.99% 17.46% 36.88% 45.28% 60.68% 43.19%
Cash Return on Invested Capital (CROIC)
21.37% 20.07% 7.02% 3.31% 4.56% 10.86% 28.61% 32.64% 38.07% 43.68% 56.60%
Operating Return on Assets (OROA)
12.40% 12.51% 11.74% 17.49% 9.33% 13.05% 11.09% 26.81% 31.32% 40.74% 27.81%
Return on Assets (ROA)
9.52% 10.97% 10.88% 13.87% 7.23% 10.73% 10.33% 22.08% 24.56% 33.69% 20.58%
Return on Common Equity (ROCE)
11.65% 13.00% 11.77% 15.61% 8.37% 11.94% 11.53% 23.91% 28.85% 36.07% 25.08%
Return on Equity Simple (ROE_SIMPLE)
33.26% 0.00% 27.67% 24.29% 26.21% 0.00% 43.60% 48.29% 64.85% 0.00% 85.22%
Net Operating Profit after Tax (NOPAT)
365 399 310 513 240 344 222 601 656 974 582
NOPAT Margin
21.98% 26.20% 22.65% 32.65% 16.35% 21.89% 17.42% 33.86% 32.58% 37.36% 25.09%
Net Nonoperating Expense Percent (NNEP)
1.07% 0.65% -8.23% 1.81% 0.39% -1.09% -4.45% -5.15% 1.35% -2.98% 2.68%
Return On Investment Capital (ROIC_SIMPLE)
3.56% 3.78% - - - 3.03% - - - 9.01% -
Cost of Revenue to Revenue
65.60% 65.62% 67.59% 56.81% 72.18% 68.11% 70.38% 54.70% 57.11% 51.84% 60.53%
SG&A Expenses to Revenue
5.05% 5.12% 5.69% 4.83% 5.99% 4.84% 5.34% 4.00% 3.68% 3.34% 2.84%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
7.04% 5.45% 5.84% 2.61% 7.21% 4.77% 10.45% 3.94% 1.84% 1.73% 7.15%
Earnings before Interest and Taxes (EBIT)
457 447 368 638 307 428 247 736 829 1,220 727
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
678 668 597 860 560 657 460 957 1,035 1,418 948
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.77 2.96 2.98 2.47 2.88 2.57 2.82 2.26 2.51 3.14 4.13
Price to Tangible Book Value (P/TBV)
7.41 7.43 7.08 5.51 6.49 5.48 4.44 3.53 4.07 5.38 7.79
Price to Revenue (P/Rev)
2.16 2.49 2.59 2.29 2.58 2.22 2.11 1.51 1.33 1.42 1.65
Price to Earnings (P/E)
9.92 12.12 13.30 12.80 13.54 9.65 7.65 5.51 4.53 4.74 5.75
Dividend Yield
2.56% 2.36% 2.21% 2.44% 2.07% 2.08% 1.91% 2.37% 2.29% 1.85% 1.52%
Earnings Yield
10.08% 8.25% 7.52% 7.81% 7.39% 10.36% 13.08% 18.15% 22.07% 21.09% 17.39%
Enterprise Value to Invested Capital (EV/IC)
1.96 2.10 2.17 1.87 2.12 1.97 2.31 1.89 2.01 2.28 2.79
Enterprise Value to Revenue (EV/Rev)
2.82 3.15 3.19 2.93 3.19 2.76 2.40 1.78 1.59 1.72 1.95
Enterprise Value to EBITDA (EV/EBITDA)
6.17 6.96 7.14 6.79 7.37 5.88 4.76 3.56 3.03 3.09 3.51
Enterprise Value to EBIT (EV/EBIT)
9.06 10.62 10.96 10.64 11.30 8.16 6.07 4.42 3.60 3.57 4.10
Enterprise Value to NOPAT (EV/NOPAT)
10.89 12.77 13.54 13.05 13.79 10.03 7.50 5.52 4.53 4.61 5.31
Enterprise Value to Operating Cash Flow (EV/OCF)
7.17 8.23 8.19 8.54 8.61 6.63 6.43 4.80 4.81 4.99 4.57
Enterprise Value to Free Cash Flow (EV/FCFF)
9.00 10.23 32.39 59.78 49.17 19.02 8.16 5.86 5.50 5.43 4.79
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.41 0.39 0.38 0.37 0.37 0.35 0.36 0.35 0.37 0.38 0.42
Long-Term Debt to Equity
0.41 0.39 0.38 0.37 0.37 0.35 0.36 0.35 0.37 0.38 0.42
Financial Leverage
0.18 0.14 0.05 0.05 0.08 0.09 0.02 0.01 0.06 0.17 0.26
Leverage Ratio
1.78 1.74 1.71 1.64 1.69 1.71 1.74 1.68 1.83 1.85 1.97
Compound Leverage Factor
1.70 1.69 1.86 1.62 1.66 1.74 1.78 1.69 1.81 1.90 1.88
Debt to Total Capital
28.94% 28.13% 27.74% 26.82% 27.08% 26.17% 26.33% 25.83% 26.83% 27.41% 29.47%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
28.94% 28.13% 27.74% 26.82% 27.08% 26.17% 26.33% 25.83% 26.83% 27.41% 29.47%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
24.51% 24.68% 23.75% 23.86% 23.31% 23.42% 22.88% 23.64% 23.85% 25.90% 26.37%
Common Equity to Total Capital
46.55% 47.19% 48.51% 49.31% 49.65% 50.41% 50.81% 50.56% 49.33% 46.69% 44.17%
Debt to EBITDA
1.06 1.11 1.11 1.17 1.13 0.95 0.77 0.68 0.55 0.48 0.48
Net Debt to EBITDA
0.55 0.49 0.40 0.44 0.44 0.29 -0.08 -0.07 0.01 0.09 0.11
Long-Term Debt to EBITDA
1.06 1.11 1.11 1.17 1.13 0.95 0.77 0.68 0.55 0.48 0.48
Debt to NOPAT
1.87 2.03 2.11 2.25 2.11 1.63 1.21 1.05 0.82 0.71 0.73
Net Debt to NOPAT
0.96 0.91 0.76 0.85 0.83 0.50 -0.13 -0.12 0.02 0.14 0.17
Long-Term Debt to NOPAT
1.87 2.03 2.11 2.25 2.11 1.63 1.21 1.05 0.82 0.71 0.73
Altman Z-Score
2.47 2.63 2.66 2.64 2.76 2.66 3.25 3.20 3.25 3.53 3.44
Noncontrolling Interest Sharing Ratio
33.14% 32.97% 31.92% 32.21% 32.25% 33.64% 33.96% 35.16% 36.29% 40.55% 41.92%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.59 3.08 2.81 4.70 3.94 3.81 4.52 6.55 4.46 3.69 2.66
Quick Ratio
2.12 2.47 2.33 3.94 3.34 3.17 3.96 5.80 3.84 2.92 2.11
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
698 762 -510 -519 -773 -518 24 434 20 344 1,028
Operating Cash Flow to CapEx
450.77% 216.49% 669.78% 565.48% 454.08% 255.32% 420.41% 749.47% 1,372.46% 436.57% 521.05%
Free Cash Flow to Firm to Interest Expense
18.88 16.22 0.00 -14.02 -20.88 -14.80 0.61 12.06 0.49 0.00 22.35
Operating Cash Flow to Interest Expense
15.84 8.94 0.00 12.84 12.03 13.71 15.85 19.78 23.68 0.00 21.52
Operating Cash Flow Less CapEx to Interest Expense
12.32 4.81 0.00 10.57 9.38 8.34 12.08 17.14 21.95 0.00 17.39
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.45 0.43 0.44 0.43 0.45 0.48 0.57 0.65 0.76 0.87 0.89
Accounts Receivable Turnover
10.97 13.06 13.31 12.81 11.97 12.20 13.48 15.68 17.80 20.73 20.09
Inventory Turnover
12.57 12.66 12.76 12.62 11.41 10.57 10.68 11.95 11.56 12.07 11.67
Fixed Asset Turnover
0.90 0.86 0.92 0.90 0.92 0.98 1.21 1.36 1.57 1.66 1.62
Accounts Payable Turnover
7.12 6.91 7.46 8.24 8.39 7.46 7.23 7.76 9.81 9.34 8.59
Days Sales Outstanding (DSO)
33.26 27.95 27.42 28.49 30.48 29.92 27.08 23.28 20.51 17.60 18.17
Days Inventory Outstanding (DIO)
29.03 28.83 28.60 28.91 32.00 34.53 34.18 30.54 31.59 30.23 31.27
Days Payable Outstanding (DPO)
51.25 52.82 48.93 44.32 43.50 48.91 50.47 47.04 37.20 39.07 42.51
Cash Conversion Cycle (CCC)
11.04 3.96 7.09 13.08 18.98 15.53 10.79 6.78 14.90 8.76 6.93
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
8,830 8,920 8,802 9,228 9,163 9,283 7,982 8,196 8,150 8,421 7,784
Invested Capital Turnover
0.68 0.65 0.71 0.68 0.70 0.75 0.97 1.07 1.32 1.38 1.39
Increase / (Decrease) in Invested Capital
-333 -363 820 1,032 1,013 862 198 167 636 630 -446
Enterprise Value (EV)
17,299 18,691 19,087 17,232 19,416 18,284 18,402 15,530 16,393 19,236 21,693
Market Capitalization
13,249 14,756 15,479 13,464 15,693 14,718 16,143 13,138 13,696 15,866 18,353
Book Value per Share
$28.19 $28.65 $28.79 $29.87 $29.02 $29.92 $29.67 $29.79 $27.86 $25.75 $22.30
Tangible Book Value per Share
$10.55 $11.41 $12.12 $13.38 $12.89 $14.05 $18.84 $19.08 $17.19 $15.02 $11.82
Total Capital
10,269 10,563 10,707 11,072 10,965 11,341 11,268 11,487 11,056 10,818 10,062
Total Debt
2,972 2,971 2,970 2,970 2,969 2,968 2,967 2,967 2,966 2,965 2,965
Total Long-Term Debt
2,972 2,971 2,970 2,970 2,969 2,968 2,967 2,967 2,966 2,965 2,965
Net Debt
1,533 1,328 1,065 1,126 1,167 910 -319 -324 60 568 687
Capital Expenditures (CapEx)
130 194 139 84 98 188 147 95 69 134 190
Debt-free, Cash-free Net Working Capital (DFCFNWC)
88 88 -40 386 256 218 10 231 161 355 107
Debt-free Net Working Capital (DFNWC)
1,494 1,702 1,837 2,205 2,029 2,250 3,264 3,450 2,986 2,678 2,299
Net Working Capital (NWC)
1,494 1,702 1,837 2,205 2,029 2,250 3,264 3,450 2,986 2,678 2,299
Net Nonoperating Expense (NNE)
14 7.24 -31 7.24 2.38 -8.07 -8.18 -4.91 5.56 -35 44
Net Nonoperating Obligations (NNO)
1,533 1,328 1,065 1,126 1,167 910 -319 -324 60 568 687
Total Depreciation and Amortization (D&A)
221 221 229 222 253 229 213 221 206 198 221
Debt-free, Cash-free Net Working Capital to Revenue
1.44% 1.48% -0.67% 6.56% 4.20% 3.29% 0.13% 2.65% 1.56% 3.17% 0.96%
Debt-free Net Working Capital to Revenue
24.38% 28.67% 30.70% 37.46% 33.32% 33.93% 42.57% 39.58% 28.91% 23.94% 20.68%
Net Working Capital to Revenue
24.38% 28.67% 30.70% 37.46% 33.32% 33.93% 42.57% 39.58% 28.91% 23.94% 20.68%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.85 $1.87 $1.55 $2.30 $1.03 $1.47 $0.85 $2.71 $2.86 $4.44 $2.19
Adjusted Weighted Average Basic Shares Outstanding
168.60M 180.40M 178.40M 182.70M 187.60M 193.30M 192.40M 194.60M 196.20M 203.30M 200.20M
Adjusted Diluted Earnings per Share
$1.85 $1.86 $1.55 $2.30 $1.03 $1.47 $0.85 $2.70 $2.85 $4.41 $2.18
Adjusted Weighted Average Diluted Shares Outstanding
168.80M 180.70M 178.60M 182.80M 188.10M 193.80M 192.90M 195M 196.90M 204.20M 200.90M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
162.01M 169.54M 174.02M 180.41M 182.78M 188.34M 191.06M 192.95M 194.92M 195.77M 196.19M
Normalized Net Operating Profit after Tax (NOPAT)
384 399 310 514 243 356 236 604 667 975 656
Normalized NOPAT Margin
23.09% 26.20% 22.65% 32.70% 16.51% 22.66% 18.57% 34.00% 33.17% 37.39% 28.26%
Pre Tax Income Margin
26.28% 28.41% 29.20% 40.01% 20.41% 27.75% 19.87% 41.69% 40.71% 48.08% 29.86%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
12.35 9.51 0.00 17.24 8.30 12.23 6.33 20.44 20.73 0.00 15.80
NOPAT to Interest Expense
9.88 8.49 0.00 13.87 6.50 9.83 5.69 16.70 16.39 0.00 12.66
EBIT Less CapEx to Interest Expense
8.84 5.38 0.00 14.97 5.65 6.86 2.56 17.81 19.00 0.00 11.67
NOPAT Less CapEx to Interest Expense
6.36 4.37 0.00 11.60 3.85 4.46 1.92 14.06 14.66 0.00 8.53
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
40.63% 45.50% 46.07% 51.96% 47.48% 41.89% 30.98% 33.68% 26.81% 23.50% 24.06%
Augmented Payout Ratio
142.14% 147.66% 140.64% 128.81% 108.13% 73.45% 55.27% 68.46% 63.66% 57.71% 65.91%

Frequently Asked Questions About CF Industries' Financials

When does CF Industries's financial year end?

According to the most recent income statement we have on file, CF Industries' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has CF Industries' net income changed over the last 9 years?

CF Industries' net income appears to be on an upward trend, with a most recent value of $1.48 billion in 2024, rising from $734 million in 2015. The previous period was $1.84 billion in 2023. Check out CF Industries' forecast to explore projected trends and price targets.

What is CF Industries's operating income?
CF Industries's total operating income in 2024 was $1.75 billion, based on the following breakdown:
  • Total Gross Profit: $2.06 billion
  • Total Operating Expenses: $310 million
How has CF Industries revenue changed over the last 9 years?

Over the last 9 years, CF Industries' total revenue changed from $4.31 billion in 2015 to $5.94 billion in 2024, a change of 37.8%.

How much debt does CF Industries have?

CF Industries' total liabilities were at $5.87 billion at the end of 2024, a 2.1% decrease from 2023, and a 29.2% decrease since 2015.

How much cash does CF Industries have?

In the past 9 years, CF Industries' cash and equivalents has ranged from $286 million in 2015 to $2.32 billion in 2022, and is currently $1.61 billion as of their latest financial filing in 2024.

How has CF Industries' book value per share changed over the last 9 years?

Over the last 9 years, CF Industries' book value per share changed from 17.31 in 2015 to 28.65 in 2024, a change of 65.5%.



This page (NYSE:CF) was last updated on 5/28/2025 by MarketBeat.com Staff
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