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CF Industries Holdings, Inc. CF

NYSE · stock · Agricultural Chemicals · website · IPO 2005-08-11 · LEI

CF Industries Holdings, Inc. statistics & valuation

Market cap$16.2B
P / S2.3×
P / B2.1×
P / FCF9.0×
Dividend yield2.01%
FCF margin25.4%
Net debt$3.2B
Net debt / EBITDA1×
Enterprise value USD$19.5B
EV / EBITDA6.1×
Earnings yield EBIT/EV11.8%
Return on capital17.4%
Graham number -18%$98.36

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($98.36); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
22.90% 10.50% 20.70% 25.60% 19.40% 36.50% 52.40% 38.40% 34.60% 38.50% 2016201720182019202020212022202320242025
Operating margin (%)
3.70% 5.70% 17.30% 21.90% 15.10% 26.40% 48.20% 33.60% 29.40% 32.50% 2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
233.1M 233.9M 233.8M 221.6M 215.2M 216.2M 204.2M 193.8M 180.7M 162.2M 2016201720182019202020212022202320242025
Net debt ($)
$4.61B $3.86B $4.02B $3.67B $3.96B $3.46B $2.96B $2.97B $2.97B $3.21B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2016201720182019202020212022202320242025
Free cash flow margin (%)
-43.30% 28.00% 24.30% 24.00% 22.40% 36.10% 30.40% 34.10% 29.50% 25.40% 2016201720182019202020212022202320242025
Debt / equity (×)
0.89× 0.70× 0.82× 0.70× 0.71× 0.57× 0.38× 0.35× 0.39× 0.41× 2016201720182019202020212022202320242025
EPS ($)
-$1.19 $1.53 $1.24 $2.23 $1.47 $4.24 $16.38 $7.87 $6.74 $8.97 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

CF Industries Holdings, Inc. trades at about 13.4× earnings — below its 10-year norm (10-year range 5.2×–35.2×, median 16.2×).

5.2× 35.2×

Shaded band = 10-year range (5.2×–35.2×); dot = today's 13.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin38.5%34.6%38.4%52.4%36.5%19.4%25.6%20.7%10.5%22.9%
Operating margin32.5%29.4%33.6%48.2%26.4%15.1%21.9%17.3%5.7%3.7%
FCF margin25.4%29.5%34.1%30.4%36.1%22.4%24.0%24.3%28.0%-43.3%
Debt / equity0.41×0.39×0.35×0.38×0.57×0.71×0.70×0.82×0.70×0.89×
Current ratio3.373.083.813.691.811.511.461.812.533.87

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.