CF Industries Holdings, Inc.

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

CF$119.28-0.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations

	Year ended December 31,
	2025	2024	2023
(in millions, except per share amounts)
Net sales	$7,084	$5,936	$6,631
Cost of sales	4,360	3,880	4,086
Gross margin	2,724	2,056	2,545
Selling, general and administrative expenses	364	320	289
Asset impairment	76	—	—
U.K. operations restructuring	23	—	10
Acquisition and integration costs	—	4	39
Other operating—net	(25)	(10)	(31)
Total other operating costs and expenses	438	314	307
Equity in earnings (loss) of operating affiliate	14	4	(8)
Operating earnings	2,300	1,746	2,230
Interest expense	155	121	150
Interest income	(81)	(123)	(158)
Loss on debt extinguishment	6	—	—
Other non-operating—net	(19)	(14)	(10)
Earnings before income taxes	2,239	1,762	2,248
Income tax provision	441	285	410
Net earnings	1,798	1,477	1,838
Less: Net earnings attributable to noncontrolling interests	343	259	313
Net earnings attributable to common stockholders	$1,455	$1,218	$1,525
Net earnings per share attributable to common stockholders:
Basic	$8.98	$6.75	$7.89
Diluted	$8.97	$6.74	$7.87
Weighted-average common shares outstanding:
Basic	162.1	180.4	193.3
Diluted	162.2	180.7	193.8

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.