CF Industries (CF) stock
Materials · Fertilizers & Agricultural Chemicals
CF Industries (CF) is a Fertilizers & Agricultural Chemicals company in the Materials sector, headquartered in Deerfield, Illinois. As of October 23, 2026, CF closed at $120.68, a market capitalization of $18.26 billion, the 419th largest company in the S&P 500. The stock trades at 9.0x trailing earnings and 10.6x forward earnings.
- 1-year total return: +41.7% (dividends reinvested)
- 5-year return: +17.6% a year
- 52-week range: $75.42 – $141.96
- Dividend yield: 1.99%
- FI Handbook report card: A across 5 metrics
- 19th largest of 24 Materials stocks in the S&P 500
CF price chart
1Y price change: +38.8% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| CF | +0.0% | +58.3% | +41.7% | +17.2% | +17.6% | +19.8% | +20.8% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2005.
CF key statistics
- Market cap
- $18.3B
- #419 in S&P 500
- P/E (TTM)
- 9.0x
- Forward P/E
- 10.6x
- EPS (TTM)
- —
- Revenue (TTM)
- —
- Free cash flow
- $1.9B
- Gross margin
- —
- Operating margin
- —
- Return on equity
- —
- Dividend yield
- 1.99%
- 52-week range
- $75.42 – $141.96
- Beta
- —
- Price / sales
- —
- EV / EBITDA
- —
- Debt / equity
- —
- Employees
- —
CF report card
ATen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth——
- Gross margin——
- Operating margin——
- FCF margin——
- Return on equity——
- Net debt / EBITDA0.0xA
- Forward P/E10.6xA
- PEG ratio0.6xA
- Shareholder yield9.5%A
- Share count change / yr-5.5%A
CF Industries financials
Revenue went from $3.7B in fiscal 2016 to $7.1B in fiscal 2025, growing 7.5% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.7B | $4.1B | $4.4B | $4.6B | $4.1B | $6.5B | $11.2B | $6.6B | $5.9B | $7.1B |
| Gross profit | $843.0M | $434.0M | $917.0M | $1.2B | $801.0M | $2.4B | $5.9B | $2.5B | $2.1B | $2.7B |
| Operating income | $138.0M | $234.0M | $766.0M | $1.0B | $623.0M | $1.7B | $5.4B | $2.2B | $1.7B | $2.3B |
| Net income | -$158.0M | $450.0M | $428.0M | $646.0M | $432.0M | $1.3B | $3.9B | $1.8B | $1.5B | $1.8B |
| EPS (diluted) | $-1.19 | $1.53 | $1.24 | $2.23 | $1.47 | $4.24 | $16.38 | $7.87 | $6.74 | $8.97 |
| Free cash flow | -$1.6B | $1.2B | $1.1B | $1.1B | $922.0M | $2.4B | $3.4B | $2.3B | $1.8B | $1.8B |
| Buybacks | $0 | $0 | $467.0M | $370.0M | $100.0M | $539.0M | $1.3B | $580.0M | $1.5B | $1.4B |
| Dividends paid | $280.0M | $280.0M | $280.0M | $265.0M | $258.0M | $260.0M | $306.0M | $311.0M | $364.0M | $326.0M |
| Diluted shares | 233.1M | 233.9M | 233.8M | 221.6M | 215.2M | 216.2M | 204.2M | 193.8M | 180.7M | 162.2M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into CF?
A reverse DCF asks what growth the current price requires. With an enterprise value of $18.3B and $1.9B of trailing free cash flow, CF Industries needs to grow free cash flow about -7.2% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 14.3% a year over the last five years.
P/E ratio history
Current 13.5x vs. median 11.9x (10th–90th percentile 6.7x–32.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
CF dividend
- Dividend yield
- 1.99%
- Annual dividend
- $2.40
- Years of increases
- —
- 5-yr dividend growth
- 10.8%
- per year
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
CF analyst price targets
22 analysts' average 12-month target is $128.34 (+6% vs. $120.68). Targets range from $105.00 to $195.72. 27% rate it a buy.
CF earnings
Next report: November 4, 2026. Last quarter's revenue was $2.2B (+18% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 5, 2026 | $5.57 | $4.73 | -15.1% |
| May 6, 2026 | $2.66 | $2.89 | +8.7% |
| Feb 18, 2026 | $2.47 | $3.06 | +23.9% |
| Nov 5, 2025 | $2.07 | $2.19 | +5.6% |
| Aug 6, 2025 | $2.47 | $2.39 | -3.4% |
| May 7, 2025 | $1.50 | $1.98 | +31.6% |
| Feb 19, 2025 | $1.51 | $1.79 | +18.1% |
| Oct 30, 2024 | $1.16 | $1.55 | +34.3% |
Stocks like CF
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 MOS Mosaic | +3.30% | -38% | $5.7B | — | Compare |
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 FCX Freeport-McMoRan | +0.91% | +60% | $93.6B | 32.1x | Compare |
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CF news
- Should Value Investors Buy CF Industries (CF) Stock? · Oct 20, 2026
- Why the Fund Owns CF Industries (CF) Despite Rooting Against Its Catalyst · Oct 15, 2026
- Can CF Industries' Strong Cash Flow Drive More Growth and Returns? · Oct 8, 2026
- CF Industries Holdings, Inc. Declares Quarterly Dividend and Confirms Dates for Third Quarter 2026 Results and Conference Call · Oct 7, 2026
- CF Industries Holdings (CF) Could Be 26% Undervalued Following Potash Supply Deal Jitters · Sep 22, 2026
CF stock FAQ
What is CF's market cap?
CF Industries's market capitalization is $18.26 billion as of October 23, 2026, ranking 419th in the S&P 500.
What is CF's P/E ratio?
CF trades at a trailing price-to-earnings ratio of 9.0x and a forward P/E of 10.6x. Its median P/E over the period we track is 11.9x.
Does CF pay a dividend?
Yes. CF Industries pays $2.40 per share a year, a 1.99% yield. Dividends grew 10.8% a year over the last five years.
How much has CF stock returned?
Including reinvested dividends, CF returned +41.7% over one year, +17.6% a year over five years, +19.8% a year over ten years through October 23, 2026.
Is CF stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies CF Industries must grow free cash flow about -7% a year for the next decade. Its free cash flow grew 14% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the CF price target?
22 analysts cover CF with an average 12-month price target of $128.34, +6% from the current price. 27% of them rate it a buy.
When does CF report earnings?
CF Industries is expected to report earnings on November 4, 2026.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology