How does CF Industries Holdings (CF) make money?

CF Industries Holdings (CF) generates revenue primarily from Ammonia, which accounted for 33.2% of total revenue in TTM through Q1 2026. The company reported $7.41B in revenue and converted 23.7% of it into net profit, equivalent to roughly $1.76B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of CF Industries Holdings (CF)?

CF Industries Holdings (CF) reported a gross profit margin of 40.4% in TTM through Q1 2026, equivalent to $2.99B in gross profit on $7.41B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of CF Industries Holdings (CF)?

CF Industries Holdings (CF) reported an operating profit margin of 35.7% in TTM through Q1 2026, equivalent to $2.64B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of CF Industries Holdings (CF)?

CF Industries Holdings (CF) reported a net profit margin of 23.7% in TTM through Q1 2026, equivalent to $1.76B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is CF Industries Holdings (CF) profitable?

Yes. CF Industries Holdings (CF) reported $1.76B in net income for TTM through Q1 2026, with a net profit margin of 23.7%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does CF Industries Holdings (CF) spend on capital expenditures?

CF Industries Holdings (CF) spent $1.04B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 14.1% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does CF Industries Holdings (CF) generate?

CF Industries Holdings (CF) generated $1.62B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 21.9%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of CF Industries Holdings (CF)?

CF Industries Holdings (CF) had an effective tax rate of 19.8% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of CF Industries Holdings (CF)?

CF Industries Holdings (CF) reports revenue across 4 reportable product segments, led by Ammonia at 33.2% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does CF Industries Holdings (CF) generate most of its revenue?

North America is the largest geographic market for CF Industries Holdings (CF), accounting for 43.2% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How CF Industries Holdings Makes Money: 2026 Visual Revenue Map

CF Industries Holdings (CF) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

CF Industries Holdings (CF) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for CF Industries Holdings (CF) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Ammonia	$2.46B	33.2%
UAN	$2.45B	33.1%
Urea	$2.08B	28.1%
AN	$418.92M	5.7%
Total	$7.41B	100%

Ammonia$2.46B
UAN$2.45B
Urea$2.08B
AN$418.92M
Total$7.41B

CF Industries Holdings (CF) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for CF Industries Holdings (CF), TTM through Q1 2026
Region	Revenue (USD)	% of total
North America	$4.74B	43.2%
UNITED STATES	$3.96B	36.2%
Non-US	$1.46B	13.3%
Europe and Other	$797.00M	7.3%
Total	$10.96B	100%

North America
UNITED STATES
Non-US
Europe and Other
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, CF Industries Holdings (CF) reports revenue across 4 operating segments; the largest segment was Ammonia at 33.2%, followed by UAN (33.1%) and Urea (28.1%). Separately, by end-market geography, North America accounted for 43.2% of revenue, followed by UNITED STATES (36.2%) and Non-US (13.3%).

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