CF Industries Holdings (CF) Gross Margin (2009 - 2026)
CF Industries Holdings' Gross Margin was 51.53% in Q2 2026, up 11.58 percentage points from 39.95% a year earlier and up 13.97 percentage points from the prior quarter.
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Analysis
CF Industries Holdings (CF) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, CF Industries Holdings' Gross Margin was 42.49% through Jun 30, 2026, up 6.89 percentage points year-over-year; for FY2025, it was 38.45%, up 3.82 percentage points from FY2024.
- Gross Margin shows a five-year change of +19.03 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 34.64% in FY2024 (-3.74 pp), 38.38% in FY2023 (-14.02 pp), 52.40% in FY2022 (+15.89 pp) and 36.51% in FY2021 (+17.09 pp).
- The Q2 2026 figure marks the highest quarterly Gross Margin since Q2 2022.
- Compared with a year earlier, Gross Margin has increased for four straight quarters, with an average year-over-year change of +4.44 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q1 2022 (a gain of 31.63 percentage points); the worst was Q1 2023 (a drop of 16.31 percentage points).
- Per Business Quant data, CF's Gross Margin in the three quarters before Q2 2026 was 37.56% (Q1 2026), 40.87% (Q4 2025) and 38.10% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 230.94 Bn | 212.51 Bn | 4.43 Bn | 47.67% |
| 2 | Corning | 116.37 Bn | 108.94 Bn | 1.63 Bn | 36.14% |
| 3 | Sherwin Williams | 82.13 Bn | 81.17 Bn | 3.34 Bn | 49.17% |
| 4 | Air Products & Chemicals | 67.18 Bn | 62.37 Bn | 1.04 Bn | 32.77% |
| 5 | LyondellBasell Industries | 40.49 Bn | 30.00 Bn | 2.04 Bn | 22.21% |
| 6 | Nutrien | 32.85 Bn | 29.68 Bn | 3.25 Bn | 30.07% |
| 7 | Qnity Electronics | 25.25 Bn | 22.39 Bn | 666.00 Mn | 46.61% |
| 8 | Ati | 24.82 Bn | 22.84 Bn | 309.80 Mn | 24.57% |
| 9 | Ppg Industries | 24.37 Bn | 17.03 Bn | 1.81 Bn | 40.22% |
| 10 | CF Industries Holdings | 17.61 Bn | 9.27 Bn | 1.15 Bn | 51.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.53% |
| Mar 31, 2026 | 37.56% |
| Dec 31, 2025 | 40.87% |
| Sep 30, 2025 | 38.10% |
| Jun 30, 2025 | 39.95% |
| Mar 31, 2025 | 34.40% |
| Dec 31, 2024 | 34.38% |
| Sep 30, 2024 | 32.41% |
| Jun 30, 2024 | 43.19% |
| Mar 31, 2024 | 27.82% |
| Dec 31, 2023 | 31.89% |
| Sep 30, 2023 | 29.62% |
| Jun 30, 2023 | 45.30% |
| Mar 31, 2023 | 42.89% |
| Dec 31, 2022 | 48.16% |
| Sep 30, 2022 | 39.47% |
| Jun 30, 2022 | 58.75% |
| Mar 31, 2022 | 59.21% |
| Dec 31, 2021 | 45.47% |
| Sep 30, 2021 | 32.31% |
API Access
CF Industries Holdings Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();