CF Industries (CF) is trading up at $119.46 (+1.88%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Materials sector.
Analyst price targets on CF
One firm's current price target on CF Industries: $123 — 3% above the current $119. Each is tracked to its date and scored the same way a member's call is.
- UBS $114 → $123 by Aug 2027 Aug 7, 2026 via Investing.com · UBS's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
CF Industries revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $3.69B | $4.13B | $4.43B | $4.59B | $4.12B | $6.54B | $11.2B | $6.63B | $5.94B | $7.08B |
| Growth (year over year) | −14.5% | +12.1% | +7.2% | +3.6% | −10.2% | +58.5% | +71.1% | −40.7% | −10.5% | +19.3% |
| Gross profit | $843.0M | $434.0M | $917.0M | $1.17B | $801.0M | $2.39B | $5.86B | $2.54B | $2.06B | $2.72B |
| Gross margin | 22.9% | 10.5% | 20.7% | 25.6% | 19.4% | 36.5% | 52.4% | 38.4% | 34.6% | 38.5% |
| Operating income | $138.0M | $234.0M | $766.0M | $1.00B | $623.0M | $1.73B | $5.40B | $2.23B | $1.75B | $2.30B |
| Operating margin | 3.7% | 5.7% | 17.3% | 21.9% | 15.1% | 26.4% | 48.2% | 33.6% | 29.4% | 32.5% |
| Net income | −$277.0M | $358.0M | $290.0M | $493.0M | $317.0M | $917.0M | $3.35B | $1.52B | $1.22B | $1.46B |
| Net margin | −7.5% | 8.7% | 6.5% | 10.7% | 7.7% | 14.0% | 29.9% | 23.0% | 20.5% | 20.5% |
| EPS (diluted) | −$1.19 | $1.53 | $1.24 | $2.23 | $1.47 | $4.24 | $16.38 | $7.87 | $6.74 | $8.97 |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.17B | $835.0M | $682.0M | $287.0M | $683.0M | $1.63B | $2.32B | $2.03B | $1.61B | $1.98B |
| Total assets | $15.1B | $13.5B | $12.7B | $12.2B | $12.0B | $12.4B | $13.3B | $14.4B | $13.5B | $14.1B |
| Total liabilities | $8.64B | $6.78B | $6.93B | $6.54B | $6.42B | $6.34B | $5.46B | $6.00B | $5.87B | $6.31B |
| Long-term debt | $5.78B | $4.69B | $4.70B | $3.96B | $3.71B | $3.46B | $2.96B | $2.97B | $2.97B | $3.21B |
| Shareholders' equity | $3.35B | $3.58B | $2.96B | $2.90B | $2.92B | $3.21B | $5.05B | $5.72B | $4.99B | $4.84B |
| Cash flow | ||||||||||
| Operating cash flow | $617.0M | $1.63B | $1.50B | $1.50B | $1.23B | $2.87B | $3.85B | $2.76B | $2.27B | $2.75B |
| Capital expenditure | $2.21B | $473.0M | $422.0M | $404.0M | $309.0M | $514.0M | $453.0M | $499.0M | $518.0M | $950.0M |
| Free cash flow | −$1.59B | $1.16B | $1.07B | $1.10B | $922.0M | $2.36B | $3.40B | $2.26B | $1.75B | $1.80B |
| Dividends paid | $280.0M | $280.0M | $280.0M | $265.0M | $258.0M | $260.0M | $306.0M | $311.0M | $364.0M | $326.0M |
| Share buybacks | $0 | $0 | $467.0M | $370.0M | $100.0M | $539.0M | $1.35B | $580.0M | $1.51B | $1.36B |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $1.37B | $1.52B | $1.66B | $1.89B | $1.66B | $1.87B | $1.99B | $2.22B |
| Growth (year over year) | +7.6% | −3.0% | +13.1% | +20.2% | +21.1% | +22.8% | +19.4% | +17.6% |
| Gross profit | $444.0M | $524.0M | $572.0M | $755.0M | $632.0M | $765.0M | $746.0M | $1.15B |
| Gross margin | 32.4% | 34.4% | 34.4% | 39.9% | 38.1% | 40.9% | 37.6% | 51.5% |
| Operating income | $364.0M | $441.0M | $455.0M | $648.0M | $580.0M | $617.0M | $863.0M | $1.12B |
| Operating margin | 26.6% | 28.9% | 27.4% | 34.3% | 35.0% | 33.0% | 43.5% | 50.5% |
| Net income | $276.0M | $328.0M | $312.0M | $386.0M | $353.0M | $404.0M | $615.0M | $727.0M |
| Net margin | 20.1% | 21.5% | 18.8% | 20.4% | 21.3% | 21.6% | 31.0% | 32.7% |
| EPS (diluted) | $1.55 | $1.86 | $1.85 | $2.37 | $2.19 | $2.56 | $3.98 | $4.73 |
| Balance sheet | ||||||||
| Cash and equivalents | $1.88B | $1.61B | $1.41B | $1.69B | $1.84B | $1.98B | $2.04B | $2.48B |
| Total assets | $13.8B | $13.5B | $13.3B | $13.8B | $14.2B | $14.1B | $14.6B | $15.1B |
| Total liabilities | $6.11B | $5.87B | $6.01B | $5.93B | $6.51B | $6.31B | $6.35B | $6.18B |
| Long-term debt | $2.97B | $2.97B | $2.97B | $2.97B | $2.97B | $3.21B | $3.22B | $3.22B |
| Shareholders' equity | $5.19B | $4.99B | $4.78B | $4.96B | $4.85B | $4.84B | $5.34B | $5.75B |
| Cash flow | ||||||||
| Operating cash flow | $931.0M | $420.0M | $586.0M | $563.0M | $1.06B | $539.0M | $496.0M | $878.0M |
| Capital expenditure | $139.0M | $197.0M | $132.0M | $245.0M | $347.0M | $226.0M | $223.0M | $271.0M |
| Free cash flow | $792.0M | $223.0M | $454.0M | $318.0M | $717.0M | $313.0M | $273.0M | $607.0M |
| Dividends paid | $90.0M | $86.0M | $86.0M | $81.0M | $81.0M | $78.0M | $78.0M | $77.0M |
| Share buybacks | $490.0M | $375.0M | $444.0M | $216.0M | $360.0M | $345.0M | $28.0M | $225.0M |
From CF Industries's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About CF Industries
CF Industries Holdings, Inc. is an American manufacturer and distributor of agricultural fertilizers, including ammonia, urea, and ammonium nitrate products. The company is based in Northbrook, Illinois, a suburb of Chicago, and was founded in 1946 as the Central Farmers Fertilizer Company. For its first 56 years, it was a federation of regional agricultural supply cooperatives. CF then demutualized, and became a publicly traded company.
Source: Wikipedia — CF Industries
- Headquarters
- Northbrook, Illinois From SEC filings, Oct 2026
Recent News (11)
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CF Industries declares $0.60 per share quarterly dividend
CF Industries declares $0.60 per share quarterly dividend
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How Is CF Industries Stock Performance Compared to Other Agricultural Stocks
How Is CF Industries Stock Performance Compared to Other Agricultural Stocks
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Fertilizer Deal With Belarus Is In the Works, Says Trump. CF Industries and Nutrien Stocks Fall.
Fertilizer Deal With Belarus Is In the Works, Says Trump. CF Industries and Nutrien Stocks Fall.
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CF Industries: Still Misunderstood, Still Undervalued CF Industries: Still Misunderstood, Still Undervalued Seeking Alpha
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Is CF Industries’ (CF) Earnings Boom Built To Last Without Iran?
Is CF Industries’ (CF) Earnings Boom Built To Last Without Iran?
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What Are Wall Street Analysts' Target Price for CF Industries Stock?
What Are Wall Street Analysts' Target Price for CF Industries Stock?
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What Are Wall Street Analysts' Target Price for CF Industries Stock? What Are Wall Street Analysts' Target Price for CF Industries Stock? Barchart.com
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UBS raises CF Industries stock price target to $123 on earnings outlook
UBS raises CF Industries stock price target to $123 on earnings outlook
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CF Industries earnings on deck as nitrogen pricing clouds gather
CF Industries earnings on deck as nitrogen pricing clouds gather
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What to Expect From CF Industries' Q2 2026 Earnings Report What to Expect From CF Industries' Q2 2026 Earnings Report
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