US · USD

CF

CF Industries Holdings Inc

$116.02+0.88% ($1.01)Updated 10/5/26, 5:26 PM

Day's range: $114.28 – $118.16
Day's volume: $241.5M
52-week range: $74.99 – $139.27

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CF in numbers

Market cap: $17.6B

P/B: 3.05

Dividend yield (12m): 1.81%

Net debt/EBITDA: 0.79

The 12-month dividend yield of CF is 1.81%, below its 5-year average of 2.08%.

CF price history

10/06/202510/05/2026

Compare with

CF risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+49.58%	+64.54%	+111.65%
Volatility (annualized)	43.29%	31.33%	35.92%
Largest drawdown	-16.28%	-16.28%	-42.54%
Positive months	6/12	20/36	32/60

How much did investing in CF return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $2,116.48 today.

Value today in CF: $2,116.48

Return over the period: +111.65%

Return per year: +16.44%

In the S&P 500: $1,702.20

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

CF fundamentals

Valuation

P/E
—
P/B
3.05
EV/EBITDA
5.11
EV/EBIT
6.53
EV/Revenue
2.68
P/EBIT
5.52
P/S
2.27
P/OCF
5.90
P/FCF
9.19
Earnings yield
15.31%
PEG ratio
—
Earnings per share
—
Book value per share
$37.98

Debt

Net debt
$3.2B
Net debt/EBITDA
0.79
Net debt/Equity
0.56
Debt/Equity
0.56
Current ratio
4.86
Quick ratio
4.32
Cash ratio
—

Efficiency

Gross margin
42.49%
EBITDA margin
52.58%
Operating margin
41.10%
Net margin
—
Asset turnover
0.51

Profitability

ROE
—
ROA
—
ROIC
28.58%
Payout
—

Growth

Revenue CAGR (5 years)
11.04%
Earnings CAGR (5 years)
—
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is CF's fair price?

Two classic value formulas, with today's numbers. The current price is $116.02.

Graham's fair price: —; CF's earnings per share and book value per share are not available, so the formula cannot be computed.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $27.67; 76.15% below the price

$1.66 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

CF's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/B	2.46	2.90	2.62	3.30	4.58	2.84	3.56	3.28
EV/EBITDA	4.72	6.53	5.79	3.14	6.93	8.09	7.45	8.29
Dividend yield	2.59%	2.34%	2.01%	1.76%	1.70%	3.10%	2.51%	2.76%
Book value per share	$31.48	$29.40	$30.36	$25.80	$15.47	$13.64	$13.40	$13.27
ROIC	22.94%	18.40%	20.99%	52.03%	21.16%	8.45%	12.78%	8.59%
Gross margin	38.45%	34.64%	38.38%	52.40%	36.51%	19.42%	25.58%	20.70%
EBITDA margin	45.14%	45.00%	46.74%	55.85%	40.03%	36.74%	40.92%	37.34%
Net debt/EBITDA	1.01	1.11	0.96	0.47	1.32	2.61	1.95	2.43

CF's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$7.1B	$5.9B	$6.6B	$11.2B	$6.5B	$4.1B
Cost of revenue	-$4.4B	-$3.9B	-$4.1B	-$5.3B	-$4.2B	-$3.3B
Gross profit	$2.7B	$2.1B	$2.5B	$5.9B	$2.4B	$801M
EBITDA	$3.2B	$2.7B	$3.1B	$6.2B	$2.6B	$1.5B
EBIT	$2.3B	$1.7B	$2.2B	$5.4B	$1.7B	$623M
Financial result	—	—	—	—	—	—
Income before tax	$2.2B	$1.8B	$2.2B	$5.1B	$1.5B	$463M
Income tax	-$441M	-$285M	-$410M	-$1.2B	-$283M	-$31M
Net income	—	—	—	—	—	—

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does CF pay dividends?

Dividend yield per year

2.82%2017
2.76%2018
2.51%2019
3.10%2020
1.70%2021
1.76%2022
2.01%2023
2.34%2024
2.59%2025
1.38%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	08/13/2026	08/31/2026	$0.60
Dividend	05/14/2026	05/29/2026	$0.50
Dividend	02/12/2026	02/27/2026	$0.50
Dividend	11/13/2025	11/28/2025	$0.50
Dividend	08/14/2025	08/29/2025	$0.50
Dividend	05/14/2025	05/30/2025	$0.50
Dividend	02/13/2025	02/28/2025	$0.50
Dividend	11/14/2024	11/29/2024	$0.50
Dividend	08/14/2024	08/30/2024	$0.50
Dividend	05/13/2024	05/31/2024	$0.50
Dividend	02/13/2024	02/29/2024	$0.50
Dividend	11/13/2023	11/30/2023	$0.40

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/11/2023	08/31/2023	$0.40
Dividend	05/11/2023	05/31/2023	$0.40
Dividend	02/13/2023	02/28/2023	$0.40
Dividend	11/11/2022	11/30/2022	$0.40
Dividend	08/11/2022	08/31/2022	$0.40
Dividend	05/12/2022	05/31/2022	$0.40
Dividend	02/11/2022	02/28/2022	$0.30
Dividend	11/11/2021	11/30/2021	$0.30
Dividend	08/12/2021	08/31/2021	$0.30
Dividend	05/13/2021	05/28/2021	$0.30
Dividend	02/11/2021	02/26/2021	$0.30
Dividend	11/12/2020	11/30/2020	$0.30
Dividend	08/13/2020	08/31/2020	$0.30
Dividend	05/13/2020	05/29/2020	$0.30
Dividend	02/12/2020	02/28/2020	$0.30
Dividend	11/13/2019	11/29/2019	$0.30
Dividend	08/13/2019	08/30/2019	$0.30
Dividend	05/13/2019	05/31/2019	$0.30
Dividend	02/13/2019	02/28/2019	$0.30
Dividend	11/13/2018	11/30/2018	$0.30
Dividend	08/13/2018	08/31/2018	$0.30
Dividend	05/11/2018	05/31/2018	$0.30
Dividend	02/14/2018	02/28/2018	$0.30
Dividend	11/13/2017	11/30/2017	$0.30
Dividend	08/10/2017	08/31/2017	$0.30
Dividend	05/10/2017	05/31/2017	$0.30
Dividend	02/14/2017	02/28/2017	$0.30
Dividend	11/09/2016	11/30/2016	$0.30

About Cf Industries Holdings

Sector: Manufacturing

Questions about CF

How much is CF today?

CF is at $116.02 (0.88% on the day), last traded on 10/05/2026.

How much did CF pay in dividends in 2025?

CF paid $2.00 per share in 2025, a dividend yield of 2.59%.

How much did CF return in 12 months?

CF returned 49.58% in 12 months, with annualized volatility of 43.29% and a largest drawdown of -16.28%.