CF CF Industries Holdings margins

Relative Growth: Rel. Growth: 89

Relative Strength: Rel. Strength: 71

Relative Valuation: Rel. Valuation: 94

Relative Profitability: Rel. Profitability: 93

Gross margin

42.5%

Operating margin

40.8%

EBITDA margin

48.6%

Net margin

27.1%

The CF Industries Holdings reports a gross margin of 42.5%, an operating margin of 40.8%, an EBITDA margin of 48.6%, and a net margin of 27.1%. All available margins expanded year over year, led by operating margin with an increase of 11.4 percentage points.

CF margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, CF Industries Holdings's margins averaged 36.68% gross, 31.75% operating, 43.07% EBITDA, and 21.25% net. All four current margins are above their three-year averages.

CF margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with operating margin showing the largest gain at 11.4 percentage points.

Gross margin expansion

6.9pp

Operating margin expansion

11.4pp

EBITDA margin expansion

7.4pp

Net margin expansion

6.9pp

CF Gross margin

Looking at the last 3 years, CF Industries Holdings had an average gross margin of 36.68%. The current gross margin stands at 42.5%, 5.8 percentage points above its three-year average. Looking back over the last 3 years, CF Industries Holdings's gross margin reached 42.5% at its highest point in Jun 2026 and 33.4% at its lowest in Jun 2024.

CF Operating margin

Across the last 3 years, CF Industries Holdings's operating margin stood at 31.75%. The current operating margin stands at 40.8%, 9.1 percentage points above its three-year average. Operating margin was highest at 40.8% in Jun 2026 and lowest at 27.9% in Jun 2024.

CF EBITDA margin

CF Industries Holdings's EBITDA margin averaged 43.07% over the last 3 years. As of the latest period, the current EBITDA margin for CF Industries Holdings is 48.6%, 5.5 percentage points above its three-year average. Over the last 3 years, CF Industries Holdings's EBITDA margin peaked at 48.6% in Jun 2026 and reached a low of 40.9% in Jun 2024.

CF Net margin

The average net margin for CF Industries Holdings was 21.25% in the last 3 years. Compared with its three-year average, CF Industries Holdings's current net margin is 27.1% and is 5.9 percentage points above its three-year average. The net margin for CF Industries Holdings moved between 17.9% in Jun 2024 and 27.1% in Jun 2026.

CF margin group comparison

Margins compared with peer-group, industry and sector averages

CF Industries Holdings's gross margin of 42.5% is above the Basic Materials sector and the industry average. Looking at its Basic Materials sector average of 32.3%, CF Industries Holdings's gross margin is 32% higher.

CF margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is CF Industries Holdings's gross margin?

As of Jun 30, 2026, CF has a gross margin of 42.5%.

What is CF Industries Holdings's operating margin?

As of Jun 30, 2026, CF has an operating margin of 40.8%.

What is CF Industries Holdings's EBITDA margin?

The current EBITDA margin for CF is 48.6% as of Jun 30, 2026.

What is CF Industries Holdings's net margin?

For the period ending Jun 30, 2026, CF recorded a net margin of 27.1%.

What are the average margins of CF?

The three-year average margins for CF were 36.7% gross, 31.8% operating, 43.1% EBITDA, and 21.3% net.

What are the highest historical margins of CF?

Looking back across 5 years, CF reached 52.4% gross in Dec 2022, 47.5% operating in Sep 2022, 50.9% EBITDA in Dec 2022, and 29.9% net in Dec 2022.

What are the lowest historical margins of CF?

Over the last 5 years, CF Industries Holdings's lowest margins were 33.4% gross in Jun 2024, 26.4% operating in Dec 2021, 34.8% EBITDA in Dec 2021, and 14% net in Dec 2021.