CF Industries (CF) Revenue & Revenue Breakdown

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CF Industries Revenue Highlights

Latest Revenue (Y)

$5.94B

Latest Revenue (Q)

$1.89B

Main Segment (Y)

Ammonia

Main Geography (Y)

UNITED STATES

CF Industries Revenue by Period

CF Industries Revenue by Year

Date	Revenue	Change
2024-12-31	$5.94B	-10.48%
2023-12-31	$6.63B	-40.72%
2022-12-31	$11.19B	71.09%
2021-12-31	$6.54B	58.54%
2020-12-31	$4.12B	-10.15%
2019-12-31	$4.59B	3.64%
2018-12-31	$4.43B	7.24%
2017-12-31	$4.13B	12.08%
2016-12-31	$3.69B	-14.47%
2015-12-31	$4.31B	-9.17%
2014-12-31	$4.74B	-13.36%
2013-12-31	$5.47B	-10.31%
2012-12-31	$6.10B	0.10%
2011-12-31	$6.10B	53.79%
2010-12-31	$3.96B	52.01%
2009-12-31	$2.61B	-33.48%
2008-12-31	$3.92B	42.24%
2007-12-31	$2.76B	41.41%
2006-12-31	$1.95B	2.15%
2005-12-31	$1.91B	15.61%
2004-12-31	$1.65B	18.74%
2003-12-31	$1.39B	37.08%
2002-12-31	$1.01B	-12.55%
2001-12-31	$1.16B	-

CF Industries generated $5.94B in revenue during NA 2024, up -10.48% compared to the previous quarter, and up 129.32% compared to the same period a year ago.

CF Industries Revenue by Quarter

Date	Revenue	Change
2025-06-30	$1.89B	13.65%
2025-03-31	$1.66B	9.12%
2024-12-31	$1.52B	11.24%
2024-09-30	$1.37B	-12.85%
2024-06-30	$1.57B	6.94%
2024-03-31	$1.47B	-6.43%
2023-12-31	$1.57B	23.41%
2023-09-30	$1.27B	-28.28%
2023-06-30	$1.77B	-11.78%
2023-03-31	$2.01B	-22.85%
2022-12-31	$2.61B	12.37%
2022-09-30	$2.32B	-31.51%
2022-06-30	$3.39B	18.17%
2022-03-31	$2.87B	12.91%
2021-12-31	$2.54B	86.49%
2021-09-30	$1.36B	-14.23%
2021-06-30	$1.59B	51.53%
2021-03-31	$1.05B	-4.90%
2020-12-31	$1.10B	30.11%
2020-09-30	$847.00M	-29.65%
2020-06-30	$1.20B	24.00%
2020-03-31	$971.00M	-7.44%
2019-12-31	$1.05B	1.06%
2019-09-30	$1.04B	-30.89%
2019-06-30	$1.50B	50.05%
2019-03-31	$1.00B	-11.57%
2018-12-31	$1.13B	8.85%
2018-09-30	$1.04B	-20.00%
2018-06-30	$1.30B	35.84%
2018-03-31	$957.00M	-12.92%
2017-12-31	$1.10B	26.32%
2017-09-30	$870.00M	-22.60%
2017-06-30	$1.12B	8.39%
2017-03-31	$1.04B	19.61%
2016-12-31	$867.00M	27.50%
2016-09-30	$680.00M	-40.04%
2016-06-30	$1.13B	12.95%
2016-03-31	$1.00B	-10.02%
2015-12-31	$1.12B	20.31%
2015-09-30	$927.40M	-29.29%
2015-06-30	$1.31B	37.53%
2015-03-31	$953.60M	-21.61%
2014-12-31	$1.22B	32.03%
2014-09-30	$921.40M	-37.43%
2014-06-30	$1.47B	30.03%
2014-03-31	$1.13B	-14.60%
2013-12-31	$1.33B	20.90%
2013-09-30	$1.10B	-36.03%
2013-06-30	$1.71B	28.31%
2013-03-31	$1.34B	-9.78%
2012-12-31	$1.48B	8.97%
2012-09-30	$1.36B	-21.68%
2012-06-30	$1.74B	13.62%
2012-03-31	$1.53B	-11.10%
2011-12-31	$1.72B	22.41%
2011-09-30	$1.40B	-22.08%
2011-06-30	$1.80B	53.47%
2011-03-31	$1.17B	-5.14%
2010-12-31	$1.24B	34.95%
2010-09-30	$917.10M	-29.88%
2010-06-30	$1.31B	160.33%
2010-03-31	$502.40M	-0.85%
2009-12-31	$506.70M	17.81%
2009-09-30	$430.10M	-56.60%
2009-06-30	$991.00M	45.61%
2009-03-31	$680.60M	-36.51%
2008-12-31	$1.07B	5.02%
2008-09-30	$1.02B	-12.08%
2008-06-30	$1.16B	73.98%
2008-03-31	$667.30M	-21.72%
2007-12-31	$852.50M	-

CF Industries generated $1.89B in revenue during Q2 2025, up 13.65% compared to the previous quarter, and up 128.57% compared to the same period a year ago.

CF Industries Revenue Breakdown

CF Industries Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Urea	$1.60B	$1.82B	$1.88B	$1.18B	-
Ammonia	$1.74B	$1.68B	$1.57B	$874.00M	-
AN	$419.00M	-	-	-	-
UAN	$1.68B	$2.07B	$1.67B	$998.00M	-
Other Products	-	$328.00M	-	-	-
Ammonium Nitrate Segment	-	$497.00M	$212.00M	$197.00M	-
Cargo and Freight	-	-	$91.00M	-	-
Other Segments	-	-	-	$573.00M	$338.00M

CF Industries's latest annual revenue breakdown by segment (product or service), as of Dec 24: Ammonia (31.95%), UAN (30.89%), Urea (29.45%), and AN (7.71%).

Quarterly Revenue by Product

Product/Service	Jun 25	Mar 25	Dec 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Ammonia	$491.00M	$520.00M	$1.33B	$402.00M	$495.00M	$235.00M	$525.00M	$424.00M	$804.00M	$531.00M	$1.11B	$640.00M	$778.00M	$344.00M	$459.00M	$206.00M	$298.00M	$165.00M	$364.00M	$193.00M
Urea	$547.00M	$439.00M	$1.19B	$407.00M	$392.00M	$360.00M	$460.00M	$611.00M	$605.00M	$689.00M	$833.00M	$765.00M	$662.00M	$386.00M	$433.00M	$399.00M	$333.00M	$249.00M	$329.00M	$337.00M
AN	$117.00M	$101.00M	$305.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
UAN	$610.00M	$470.00M	$1.25B	$425.00M	$418.00M	$435.00M	$548.00M	$667.00M	$845.00M	$736.00M	$976.00M	$1.01B	$732.00M	$390.00M	$434.00M	$232.00M	$272.00M	$248.00M	$308.00M	$235.00M
Non-US	-	$290.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Products	-	$133.00M	$84.00M	$253.00M	$75.00M	$185.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
UNITED STATES	-	$1.37B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ammonium Nitrate Segment	-	-	-	$114.00M	$120.00M	$114.00M	$104.00M	$159.00M	$189.00M	$180.00M	$253.00M	$223.00M	$151.00M	$118.00M	$136.00M	$105.00M	$112.00M	$109.00M	$118.00M	$116.00M
Other Segments	-	-	-	-	-	-	$138.00M	$151.00M	$165.00M	$212.00M	$225.00M	$217.00M	$124.00M	$126.00M	$106.00M	$87.00M	$76.00M	$85.00M	$90.00M	-

CF Industries's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: UAN (34.56%), Urea (30.99%), Ammonia (27.82%), and AN (6.63%).

CF Industries Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Non-US	$1.52B	$1.77B	$2.97B	$1.45B	$1.09B
North America	$72.00M	$75.00M	-	-	-
United Kingdom [Domain]	$327.00M	$346.00M	-	-	-
UNITED STATES	$4.42B	$4.86B	$8.21B	$5.09B	$3.04B
CANADA	$534.00M	$607.00M	$849.00M	$568.00M	$397.00M
North America excluding United States and Canada	-	$75.00M	$149.00M	$79.00M	$54.00M
All Regions Outside of US and Canada	-	$747.00M	$1.33B	$341.00M	$305.00M

CF Industries's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (64.33%), Non-US (22.08%), CANADA (7.77%), United Kingdom [Domain] (4.76%), and North America (1.05%).

Quarterly Revenue by Country

Country	Jun 25	Mar 25	Dec 24	Mar 24	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Europe and Other	$204.00M	$290.00M	$210.00M	$277.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
North America	$1.69B	$1.37B	-	$1.26B	$996.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
UNITED STATES	-	$1.37B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-US	-	$290.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Urea	-	-	-	-	-	-	$575.00M	$599.00M	$571.00M	$816.00M	$736.00M	-	-	-	-	$318.00M	$222.00M	$312.00M	$331.00M	$232.00M
UAN	-	-	-	-	-	$463.00M	$519.00M	$509.00M	$531.00M	$877.00M	$1.01B	$718.00M	$324.00M	$403.00M	$222.00M	$259.00M	$221.00M	$288.00M	$230.00M	$310.00M
Ammonia	-	-	-	-	-	$460.00M	$330.00M	$722.00M	$367.00M	$987.00M	$583.00M	$697.00M	$279.00M	$431.00M	$168.00M	$260.00M	$116.00M	$344.00M	$154.00M	$193.00M

CF Industries's latest quarterly revenue breakdown by geography, as of Jun 25: North America (89.21%), and Europe and Other (10.79%).

CF Industries Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
HMY	Harmony Gold Mining	$49.27B	$1.70B
CX	CEMEX	$17.42B	$4.14B
RS	Reliance Steel & Aluminum	$13.84B	$3.65B
MOS	Mosaic	$11.12B	$3.01B
SQM	Sociedad Química y Minera de Chile	$7.47B	$1.08B
RPM	RPM	$7.37B	$2.11B
CF	CF Industries	$5.94B	$1.89B
JHX	James Hardie Industries	$3.94B	$1.00B
PAAS	Pan American Silver	$2.32B	$601.40M
AGI	Alamos Gold	$1.02B	$360.90M
RGLD	Royal Gold	$605.72M	$193.44M

CF Revenue FAQ

What is CF Industries’s yearly revenue?

CF Industries's yearly revenue for 2024 was $5.94B, representing a decrease of -10.48% compared to 2023. The company's yearly revenue for 2023 was $6.63B, representing a decrease of -40.72% compared to 2022. CF's yearly revenue for 2022 was $11.19B, representing an increase of 71.09% compared to 2021.

What is CF Industries’s quarterly revenue?

CF Industries's quarterly revenue for Q2 2025 was $1.89B, a 13.65% increase from the previous quarter (Q1 2025), and a 20.23% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $1.66B, a 9.12% increase from the previous quarter (Q4 2024), and a 13.13% increase year-over-year (Q1 2024). CF's quarterly revenue for Q4 2024 was $1.52B, a 11.24% increase from the previous quarter (Q3 2024), and a -2.99% decrease year-over-year (Q4 2023).

What is CF Industries’s revenue growth rate?

CF Industries's revenue growth rate for the last 3 years (2022-2024) was -46.93%, and for the last 5 years (2020-2024) was 43.94%.

What are CF Industries’s revenue streams?

CF Industries's revenue streams in c 24 are Urea, Ammonia, AN, and UAN. Urea generated $1.6B in revenue, accounting 29.45% of the company's total revenue, down -12.23% year-over-year. Ammonia generated $1.74B in revenue, accounting 31.95% of the company's total revenue, up 3.39% year-over-year. AN generated $419M in revenue, accounting 7.71% of the company's total revenue UAN generated $1.68B in revenue, accounting 30.89% of the company's total revenue, down -18.86% year-over-year.

What is CF Industries’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of CF Industries was Ammonia. This segment made a revenue of $1.74B, representing 31.95% of the company's total revenue.