CF Industries Holdings, Inc. (CF) Stock

CF Industries Holdings, Inc. (CF) is a Materials stock trading at $129.62 (as of 2026-08-21), with a market capitalization of $19.91B and a trailing P/E of 9.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

CF Industries Holdings, Inc. produces and sells nitrogen and hydrogen-related products, including anhydrous ammonia, granular urea, and nitrogen fertilizer products, as well as related chemicals such as nitric acid, diesel exhaust fluid, and aqua ammonia. It supplies these products to cooperatives, independent fertilizer distributors and traders, wholesalers, industrial users, and other customers worldwide.

Understand CF Industries Holdings, Inc.: how it makes money

CF Industries manufactures and sells hydrogen and nitrogen chemical products, including anhydrous ammonia and urea-based fertilizers, and generates revenue by selling these products to fertilizer distributors, traders, wholesalers, and industrial users worldwide.

CF Industries produces and sells core nitrogen chemicals (ammonia and related urea and ammonium nitrate products), so its profit model is fundamentally about achieving favorable pricing and product demand for these sold volumes.

Business quality (Exceptional): The provided facts describe products and end markets, but the segment breakdown is not clean enough to build a mutually exclusive segment set, and the only operating KPI provided is ammonia segment average selling price per product ton.

Valuation: At 10× earnings, CF trades 74% below the Chemicals average (38×). Note: one-time items can distort reported P/E.

Bull case

Diverse nitrogen and hydrogen product set: The company sells multiple nitrogen-based products (anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate), plus related chemicals used in industrial applications.
Broad customer base tied to fertilizer and industrial use: Products are primarily supplied to cooperatives, independent fertilizer distributors, traders, wholesalers, and industrial users, supporting multiple demand channels.

Bear case

Sensitivity to market pricing and demand: Because results depend on selling commodity-like nitrogen and hydrogen chemicals, changes in customer demand and selling prices can materially affect performance.
Limited visibility into segment drivers from the provided data: Only one operating metric candidate is provided, so other key operational drivers by product line or segment cannot be assessed from these inputs.

Valuation — source: SEC EDGAR (first-party)
Price	$129.62
Market Cap	$19.91B
P/E Ratio	9.4
EV / EBITDA	5.8
Price / Book	2.41
Price / Sales	2.69
FCF Yield	8.1%
DCF Value (model)	$208.66
DCF Upside vs Price	61.0%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$7.08B
Net Margin	25.4%
Revenue Growth (YoY)	19.4%
EPS Growth (YoY)	115.7%
FCF Growth (YoY)	-39.9%

Financial Health — source: SEC EDGAR
Altman Z-Score	3.50 (safe)
Piotroski F-Score	8/9 (strong)

Valuation vs Sector & Industry
Stock P/E	9.4
Sector P/E (Materials)	25.9
Industry P/E (Chemicals)	31.1
vs Sector	-63.8%
vs Industry	-69.9%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($1.58B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Materials
Industry	Chemicals
CEO	Christopher D. Bohn
Employees	2,800
Country	US
IPO Date	2005-08-11

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Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.