CF Industries Holdings (CF) Operating Expenses (2009 - 2026)
CF Industries Holdings (CF) recorded Operating Expenses of $89 million in Q2 2026, down 18.3% from $109 million a year earlier and down 13.6% from the prior quarter.
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Analysis
CF Industries Holdings (CF) Operating Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, CF Industries Holdings' Operating Expenses came in at $400 million as of Jun 30, 2026, up 0.5% year-over-year; for FY2025, it was $438 million, up 39.5% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of 18.3% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $314 million in FY2024 (+2.3%), $307 million in FY2023 (-45.0%), $558 million in FY2022 (-20.9%) and $705 million in FY2021 (+273.0%).
- Quarterly Operating Expenses has ranged from $36 million in Q4 2021 to $552 million in Q3 2021 over the past five years.
- On a year-over-year basis, Operating Expenses rose in four of the last eight quarters, with growth averaging 25.5%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 276.6% in Q2 2022, against a decline of 68.0% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $103 million (Q1 2026), $150 million (Q4 2025) and $58 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 232.08 Bn | 213.65 Bn | 4.43 Bn | 928.00 Mn |
| 2 | Corning | 113.97 Bn | 106.54 Bn | 1.63 Bn | 907.00 Mn |
| 3 | Sherwin Williams | 81.98 Bn | 81.03 Bn | 3.34 Bn | 2.10 Bn |
| 4 | Air Products & Chemicals | 67.40 Bn | 62.58 Bn | 1.04 Bn | 3.15 Bn |
| 5 | LyondellBasell Industries | 41.35 Bn | 30.86 Bn | 2.04 Bn | 7.63 Bn |
| 6 | Nutrien | 33.62 Bn | 30.45 Bn | 3.25 Bn | 235.00 Mn |
| 7 | Ati | 24.94 Bn | 22.97 Bn | 309.80 Mn | 99.60 Mn |
| 8 | Qnity Electronics | 24.80 Bn | 21.94 Bn | 666.00 Mn | 298.00 Mn |
| 9 | Ppg Industries | 24.22 Bn | 16.88 Bn | 1.81 Bn | 1.15 Bn |
| 10 | CF Industries Holdings | 18.10 Bn | 9.75 Bn | 1.15 Bn | 89.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 89.00 Mn |
| Mar 31, 2026 | 103.00 Mn |
| Dec 31, 2025 | 150.00 Mn |
| Sep 30, 2025 | 58.00 Mn |
| Jun 30, 2025 | 109.00 Mn |
| Mar 31, 2025 | 121.00 Mn |
| Dec 31, 2024 | 86.00 Mn |
| Sep 30, 2024 | 82.00 Mn |
| Jun 30, 2024 | 38.00 Mn |
| Mar 31, 2024 | 108.00 Mn |
| Dec 31, 2023 | 79.00 Mn |
| Sep 30, 2023 | 97.00 Mn |
| Jun 30, 2023 | 77.00 Mn |
| Mar 31, 2023 | 54.00 Mn |
| Dec 31, 2022 | 65.00 Mn |
| Sep 30, 2022 | 186.00 Mn |
| Jun 30, 2022 | 241.00 Mn |
| Mar 31, 2022 | 66.00 Mn |
| Dec 31, 2021 | 36.00 Mn |
| Sep 30, 2021 | 552.00 Mn |
API Access
CF Industries Holdings Operating Expenses 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=operating-expenses&ticker=CF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=CF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();