CF Industries Holdings, Inc.

CFNYSEBasic Materials● Active

$111.55

$-1.94(-1.71%)

Market Cap$17.1B

P/E Ratio—

52W High$141.96

52W Low$75.42

Avg Volume4.7M

Open$113.31

Beta0.38

Overview

CF Industries Holdings, Inc. (CF) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CF · free cash flow · updated Jun 8, 2026

Core FCF metrics

CF · FCF · TTM · margin & CAGR

Free cash flow was $1.80B for FY2025 (fiscal year ending 2025-12-31), up 2.8% year-over-year The FCF margin was 25.4%. Five-year CAGR stands at +14.3%.

FY2025 Free Cash Flow$1.80B▲ +2.8% YoY

Trailing 12M (TTM)$1.62Btrailing 4 quarters sum

FCF Margin25.4%$1.80B ÷ revenue

3-Year CAGR-19.0%FY2022 → FY2025

5-Year CAGR+14.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.75B(950M)$1.80B▲ +2.8%25.4%

FY2024$2.27B(518M)$1.75B▼ 22.3%29.5%

FY2023$2.76B(501M)$2.26B▼ 33.5%34.0%

FY2022$3.85B(462M)$3.39B▲ +44.4%30.3%

FY2021$2.87B(524M)$2.35B▲ +154.8%35.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CF · P/FCF · FCF yield · FCF per share

CF Industries Holdings, Inc. (CF) trades at a FCF yield of 9.30% and a price-to-free-cash-flow ratio of 11.2x. FCF per share stands at $10.00, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

9.30%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$10.00

TTM FCF ÷ Shares Outstanding

Price / FCF

x11.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x11.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CF · cash flow statement · operating / investing / financing

For FY2025, CF Industries Holdings, Inc. generated $2.75B in operating cash flow and spent 950M in capital expenditures, yielding $1.80B in free cash flow.

Operating Activities

+$2.75B

Cash from core business operations

2025-12-31

Investing Activities

−$933.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.48B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.75B) − |CapEx| (950M) = FCF ($1.80B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

CF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

CF Industries Holdings, Inc.YOU

$1.80B+2.8%25.4%

19%

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

CF Industries Holdings, Inc. (CF) reported free cash flow of $1.80B for FY2025 (fiscal year ending 2025-12-31), up 2.8% year-over-year. The FCF margin was 25.4%.

Based on available data, CF Industries Holdings, Inc. has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $3.39B in FY2022. The 5-year CAGR stands at +14.3%.

CF Industries Holdings, Inc.'s FCF yield is 9.30% and price-to-FCF ratio is 11.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CF free cash flow · 8 questions

CF Industries Holdings, Inc. free cash flow was $1.80B for FY2025, up 2.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.62B.

CF free cash flowCF FCFCF FCF 2025CF free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · CF Industries Holdings, Inc. · CF Industries Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026