Business Description

CF Industries Holdings, Inc. is a global manufacturer and distributor of agricultural fertilizers and nitrogen products. Headquartered in Illinois, the company primarily produces ammonia, granular urea, urea ammonium nitrate (UAN), and ammonium nitrate for agricultural and industrial applications. It operates large-scale manufacturing complexes across the United States, Canada, and the United Kingdom.

Everything on CF Industries Holdings, Inc.

Revenue (FY2025) $7.08B
YoY growth +19.3%
Operating margin 32.5%
Direction Expanding
Gross margin 38.5%
Net margin 20.5%

Earnings Transcripts

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Leadership & board

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Christopher D. Bohn — President and Chief Executive Officer; Director View full profile ↗ W. Anthony Will — Former President and Chief Executive Officer View full profile ↗ Gregory D. Cameron — Former Executive Vice President and Chief Financial Officer View full profile ↗ Andrew T. Scribner — Executive Vice President and Chief Financial Officer View full profile ↗ Richard A. Hoker — Vice President and Corporate Controller and Chief Accounting Officer View full profile ↗ Bert A. Frost — Executive Vice President and Chief Commercial Officer View full profile ↗ Susan L. Menzel — Executive Vice President and Chief Administrative Officer View full profile ↗ Michael P. McGrane — Senior Vice President, General Counsel and Secretary View full profile ↗ Ashraf K. Malik — Senior Vice President, Manufacturing and Distribution View full profile ↗ Erik M. Mayer — Vice President, Clean Energy and Business Development View full profile ↗ Linda M. Dempsey — Vice President, Public Affairs View full profile ↗ Javed Ahmed — Director View full profile ↗ Robert C. Arzbaecher — Director View full profile ↗ Deborah L. DeHaas — Director View full profile ↗ John W. Eaves — Director View full profile ↗ Susan A. Ellerbusch — Director View full profile ↗ Jesus Madrazo — Director View full profile ↗ Anne P. Noonan — Chair of the Board (elect) and Lead Independent Director; Director View full profile ↗ Michael J. Toelle — Director View full profile ↗ Theresa E. Wagler — Director View full profile ↗ Celso L. White — Director View full profile ↗
CF Industries Holdings, acquires Terra Industries Inc. — Acquisition · 2010 View full deal ↗ CF Industries Holdings, acquires Waggaman ammonia production facility (from Incitec Pivot / Dyno Nobel Louisiana Ammonia) — Acquisition · 2023 View full deal ↗ CF Industries Holdings, acquires Canadian Fertilizers Limited (CFL) - remaining noncontrolling interest — Acquisition · 2013 View full deal ↗ CF Industries Holdings, acquires GrowHow UK (CF Fertilisers UK) - remaining 50% interest from Yara International ASA — Acquisition · 2015 View full deal ↗ CF Industries Holdings, acquires Terra Nitrogen Company, L.P. (TNCLP) - publicly traded common units — Acquisition · 2018 View full deal ↗ CF Industries Holdings, acquires OCI N.V. (European, North American and Global Distribution businesses) — Acquisition · 2015 View full deal ↗

Share Repurchase Program

Total authorized
$2 billion under the 2025 Share Repurchase Program (authorized May 6, 2025, effective through December 31, 2029); this followed the $3 billion 2022 Share Repurchase Program that was completed in October 2025
Remaining (as of December 31, 2025)
$1.72 billion (approximately $1,721.8 million) remaining under the 2025 Share Repurchase Program as of December 31, 2025
Latest FY repurchased
$1.34 billion in fiscal 2025 ($1.06 billion / 13.2 million shares under the 2022 program plus $278 million / 3.4 million shares under the 2025 program)

Named Competitors

Nutrien Ltd.Koch Fertilizer LLCLSB IndustriesCVR Partners, LPYara InternationalOrigin FertilisersAmeropa

Customer Concentration

CHS Inc. was CF Industries' largest customer in 2025 and accounted for approximately 13% of consolidated net sales; CHS also holds an approximately 11% minority equity interest in the Company's subsidiary CF Industries Nitrogen, LLC (CFN) and has the right to purchase up to ~1.1 million tons of granular urea and 580,000 tons of UAN annually at market prices. No other single customer is disclosed as a concentration.

Recent SEC Filings

2026-08-05 Reported quarterly results View filing ↗
2026-08-05 Reported quarterly results View filing ↗
2026-05-06 Reported quarterly results View filing ↗
2026-05-06 Reported quarterly results View filing ↗
2026-05-05 Leadership change (directors/officers) (+1 more) View filing ↗
2026-05-04 Shareholder vote results View filing ↗
2026-03-16 Regulation FD disclosure View filing ↗
2026-02-18 Reported quarterly results View filing ↗
2026-02-18 Reported quarterly results View filing ↗
2026-01-09 Other event View filing ↗
2026-01-07 Leadership change (directors/officers) View filing ↗
2025-11-26 Other event View filing ↗

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