# CF Industries Holdings Inc. (CF) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Construction & Engineering. Price $133.35, market value $20.2 billion.

## Valuation
- **P/E (trailing): 9.9×** (5-yr avg 10.1×, 3-yr avg 10.1×). CF Industries Holdings Inc. trades at 9.9× trailing earnings, close to its own five-year average of 10.1×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 12.9×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.39**. A PEG of 0.39 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.6×**. Each dollar of revenue is priced at 2.6×.
- **Price / book: 3.5×**. The shares trade at 3.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.7×**. Enterprise value is 5.7× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 9.5%** (5-yr avg 16.0%). Free cash flow equals 9.5% of the market value, below its five-year average of 16.0%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 10.1%**. The inverse of the P/E: 10.1% of the price is earned each year.

## Profitability
- **Gross margin: 42.5%**. CF Industries Holdings Inc. keeps 42.5% of revenue after the direct cost of what it sells.
- **Operating margin: 41.1%**. 41.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 25.4%**. 25.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 37.2%**. 37.2% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 31.2%**. Return on all capital, debt included, is 31.2%: comfortably above what that capital costs.
- **Return on assets: 17.7%**. Each dollar of assets produces 17.7% of profit.

## Growth
- **Revenue growth (1 yr): 19.3%** (3-yr -14.1%/yr, 5-yr 11.4%/yr). Revenue grew 19.3% over the last year, against 11.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 33.1%** (3-yr -18.2%/yr, 5-yr 43.6%/yr). Earnings per share rose 33.1%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -19.1%/yr**. Free cash flow has compounded at -19.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.66**. Debt is 0.66 times equity, moderate leverage.
- **Current ratio: 3.37** (quick 3.37). Current assets cover the next year's liabilities 3.37 times.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 1.80%** ($2.00 per share, trailing). CF Industries Holdings Inc. yields 1.80%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 18%** (16% of free cash flow). 18% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 21**. 21 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 10.8%/yr** (1-yr 0.0%). The dividend has compounded at 10.8% a year over five years, doubling roughly every 7 years at that pace.

## Analyst view
- **Analyst consensus: hold** (19 analysts). 19 analysts cover CF Industries Holdings Inc.; the consensus is hold, with an average price target of $125.77 (-6% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 60.9%** (YTD 74.0%, 3-mo 17.5%). The shares are up 60.9% over twelve months including dividends.
- **From 52-week high: -6.1%** (76.8% above the low). Trading 6% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 61**. An RSI of 61 is neutral.
- **Beta (1 yr): -0.92** (volatility 43%). Beta of -0.92 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CF · Page: https://foliofundamentals.com/stocks/cf

Not investment advice.