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CF Industries $CF

Materials · Fertilizers & Agricultural Chemicals · NYSE/NASDAQ

S&P 500 Russell 1000 Illinois

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$117.93

-0.58 (-0.49%)

As of Oct 20, 2026, 4:57 PM EDT

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Aug 7, 2026, the first target we tracked for CF.

Key facts

52-week range (closes): $76.09 – $139.27 Lowest close Dec 10, 2025, highest Sep 2, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends: December Fiscal 2025 ended Dec 31, 2025, from SEC filings
In the S&P 500 since: Aug 27, 2008 · All S&P 500 changes
Analyst coverage: 1 open price target from 1 firm: UBS Approved targets tracked here; see the analyst section below

CF Industries (CF) is trading down at $117.93 (-0.49%) 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 — 4% above the current $118. Each is tracked to its date and scored the same way a member's call is.

UBS $114 → $123 by Aug 2027 Neutral 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)

RevenueNet incomeNet margin (right axis, %)

CF Industries annual financial statements
	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

RevenueNet incomeNet margin (right axis, %)

CF Industries quarterly financial statements
	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 →

CF Industries vs the Materials sector and the S&P 500

CF Industries's latest reported figures next to the median of the other 24 S&P 500 Materials companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

CF Industries compared with the median Materials company and the median S&P 500 company
Measure	CF Industries	Materials (24 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	+19.3%	+3.3%	+7.0%
Net margin, latest fiscal year	20.5%	6.7%	12.9%
Dividend per share, latest fiscal year	$2.00	$2.21	$2.40
Share price change, 1 year	+40.5%	+11.1%	+7.5%

CF Industries: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, CF Industries included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 24/496, net margin 24/496, dividend per share 23/349, 1-year price change 24/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 23 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

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