CF Industries Holdings annual operating margin
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2025
CF Industries Holdings Operating Margin Growth & History (CF)
CF Industries Holdings's operating margin was 32.47% for fiscal 2025.
View full CF Industries Holdings company overviewCF Industries Holdings annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 32.47% | +3.05 pp |
| 2024 | 2024-12-31 | 29.41% | −4.22 pp |
| 2023 | 2023-12-31 | 33.63% | −14.62 pp |
| 2022 | 2022-12-31 | 48.25% | +21.80 pp |
| 2021 | 2021-12-31 | 26.45% | +11.34 pp |
| 2020 | 2020-12-31 | 15.11% | −6.75 pp |
| 2019 | 2019-12-31 | 21.85% | −5.84 pp |
| 2015 | 2015-12-31 | 27.69% | −22.20 pp |
| 2014 | 2014-12-31 | 49.89% | +5.84 pp |
| 2013 | 2013-12-31 | 44.05% | −4.43 pp |
| 2012 | 2012-12-31 | 48.48% | +2.72 pp |
| 2011 | 2011-12-31 | 45.76% | +23.17 pp |
| 2010 | 2010-12-31 | 22.59% | −3.47 pp |
| 2009 | 2009-12-31 | 26.06% | −3.27 pp |
| 2008 | 2008-12-31 | 29.33% | +7.51 pp |
| 2007 | 2007-12-31 | 21.82% | — |
CF Industries Holdings quarterly operating margin
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 50.45% | +16.16 pp |
| Q1 2026 | 2026-03-31 | 43.45% | +16.09 pp |
| Q4 2025 | 2025-12-31 | 32.96% | +4.02 pp |
| Q3 2025 | 2025-09-30 | 34.96% | +8.39 pp |
| Q2 2025 | 2025-06-30 | 34.29% | −6.30 pp |
| Q1 2025 | 2025-03-31 | 27.36% | +6.75 pp |
| Q4 2024 | 2024-12-31 | 28.94% | +1.82 pp |
| Q3 2024 | 2024-09-30 | 26.57% | +7.40 pp |
| Q2 2024 | 2024-06-30 | 40.59% | −0.77 pp |
| Q1 2024 | 2024-03-31 | 20.61% | −20.44 pp |
| Q4 2023 | 2023-12-31 | 27.12% | −19.32 pp |
| Q3 2023 | 2023-09-30 | 19.17% | −13.15 pp |
| Q2 2023 | 2023-06-30 | 41.35% | −11.11 pp |
| Q1 2023 | 2023-03-31 | 41.05% | −16.76 pp |
| Q4 2022 | 2022-12-31 | 46.43% | +1.99 pp |
| Q3 2022 | 2022-09-30 | 32.31% | +39.44 pp |
| Q2 2022 | 2022-06-30 | 52.46% | +24.13 pp |
| Q1 2022 | 2022-03-31 | 57.81% | +34.24 pp |
| Q4 2021 | 2021-12-31 | 44.45% | +30.29 pp |
| Q3 2021 | 2021-09-30 | −7.12% | −11.84 pp |
| Q2 2021 | 2021-06-30 | 28.34% | +5.08 pp |
| Q1 2021 | 2021-03-31 | 23.57% | +8.43 pp |
| Q4 2020 | 2020-12-31 | 14.16% | −2.53 pp |
| Q3 2020 | 2020-09-30 | 4.72% | −13.39 pp |
| Q2 2020 | 2020-06-30 | 23.26% | −8.37 pp |
| Q1 2020 | 2020-03-31 | 15.14% | −1.34 pp |
| Q4 2019 | 2019-12-31 | 16.68% | +3.61 pp |
| Q3 2019 · Sep 30 | 2019-09-30 | 18.11% | −2.97 pp |
| Q2 2019 · Jun 30 | 2019-06-30 | 31.62% | +14.80 pp |
| Q1 2019 · Mar 31 | 2019-03-31 | 16.48% | +20.74 pp |
| Q3 2019 · Sep 30 | 2018-09-30 | 13.08% | +3.47 pp |
| Q2 2019 · Jun 30 | 2018-06-30 | 21.08% | +15.48 pp |
| Q1 2019 · Mar 31 | 2018-03-31 | 16.82% | +31.68 pp |
| Q3 2018 | 2017-09-30 | −4.25% | −25.24 pp |
| Q2 2018 | 2017-06-30 | 9.61% | −0.05 pp |
| Q1 2018 | 2017-03-31 | 5.59% | −6.70 pp |
| Q3 2016 | 2016-09-30 | −14.85% | −21.21 pp |
| Q2 2016 | 2016-06-30 | 20.99% | −27.07 pp |
| Q1 2016 | 2016-03-31 | 9.66% | −28.81 pp |
| Q4 2015 | 2015-12-31 | 12.29% | −22.13 pp |
| Q3 2015 | 2015-09-30 | 6.36% | −20.41 pp |
| Q2 2015 | 2015-06-30 | 48.05% | +11.98 pp |
| Q1 2015 | 2015-03-31 | 38.47% | −64.81 pp |
| Q4 2014 | 2014-12-31 | 34.43% | −8.16 pp |
| Q3 2014 | 2014-09-30 | 26.76% | −8.37 pp |
| Q2 2014 | 2014-06-30 | 36.08% | −12.54 pp |
| Q1 2014 | 2014-03-31 | 103.28% | +56.31 pp |
| Q4 2013 | 2013-12-31 | 42.58% | +1.00 pp |
| Q3 2013 | 2013-09-30 | 35.13% | −13.94 pp |
| Q2 2013 | 2013-06-30 | 48.62% | −9.29 pp |
| Q1 2013 | 2013-03-31 | 46.97% | +3.04 pp |
| Q4 2012 | 2012-12-31 | 41.59% | −6.66 pp |
| Q3 2012 | 2012-09-30 | 49.07% | +7.59 pp |
| Q2 2012 | 2012-06-30 | 57.91% | +11.02 pp |
| Q1 2012 | 2012-03-31 | 43.94% | −1.58 pp |
| Q4 2011 | 2011-12-31 | 48.25% | +13.10 pp |
| Q3 2011 | 2011-09-30 | 41.48% | +26.56 pp |
| Q2 2011 | 2011-06-30 | 46.88% | +20.09 pp |
| Q1 2011 | 2011-03-31 | 45.52% | +50.79 pp |
| Q4 2010 | 2010-12-31 | 35.15% | +21.12 pp |
| Q3 2010 | 2010-09-30 | 14.92% | −5.96 pp |
| Q2 2010 | 2010-06-30 | 26.79% | −13.09 pp |
| Q1 2010 | 2010-03-31 | −5.27% | −23.45 pp |
| Q4 2009 | 2009-12-31 | 14.03% | +3.98 pp |
| Q3 2009 | 2009-09-30 | 20.88% | −18.06 pp |
| Q2 2009 | 2009-06-30 | 39.88% | — |
| Q1 2009 | 2009-03-31 | 18.18% | — |
| Q3 2008 | 2008-09-30 | 10.05% | — |
| Q2 2008 | 2008-06-30 | 38.94% | — |
CF Industries Holdings operating margin trends
Over the last five reported fiscal years, CF Industries Holdings's operating margin increased from 15.11% to 32.47%, a change of +17.36 percentage points. The latest reported quarter, Q2 2026, shows 50.45%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review CF Industries Holdings filings at SEC.gov ↗