CF Industries Holdings (CF) Operating Margin (2009 - 2026)
CF Industries Holdings (CF) posted Operating Margin of 50.45% for Q2 2026, up 16.16 percentage points from 34.29% a year earlier and up 7.00 percentage points from the prior quarter.
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Analysis
CF Industries Holdings (CF) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at CF Industries Holdings was 41.10%, up 11.51 percentage points year-over-year; for FY2025, it was 32.47%, up 3.05 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +17.36 percentage points (FY2020 to FY2025).
- In prior years, CF Industries Holdings' Operating Margin was 29.41% in FY2024 (-4.22 pp), 33.63% in FY2023 (-14.62 pp), 48.25% in FY2022 (+21.80 pp) and 26.45% in FY2021 (+11.34 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin since Q2 2022.
- On a year-over-year basis, Operating Margin has increased in each of the last four quarters, with an average year-over-year change of +6.79 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2022, with a gain of 39.44 percentage points; the weakest was Q1 2024, with a drop of 20.44 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 43.45% (Q1 2026), 32.96% (Q4 2025) and 34.96% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 232.08 Bn | 213.65 Bn | 4.43 Bn | 27.49% |
| 2 | Corning | 113.97 Bn | 106.54 Bn | 1.63 Bn | 15.49% |
| 3 | Sherwin Williams | 81.98 Bn | 81.03 Bn | 3.34 Bn | 18.18% |
| 4 | Air Products & Chemicals | 67.40 Bn | 62.58 Bn | 1.04 Bn | -66.34% |
| 5 | LyondellBasell Industries | 41.35 Bn | 30.86 Bn | 2.04 Bn | 16.81% |
| 6 | Nutrien | 33.62 Bn | 30.45 Bn | 3.25 Bn | 16.44% |
| 7 | Ati | 24.94 Bn | 22.97 Bn | 309.80 Mn | 17.45% |
| 8 | Qnity Electronics | 24.80 Bn | 21.94 Bn | 666.00 Mn | 25.75% |
| 9 | Ppg Industries | 24.22 Bn | 16.88 Bn | 1.81 Bn | 14.73% |
| 10 | CF Industries Holdings | 18.10 Bn | 9.75 Bn | 1.15 Bn | 50.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 50.45% |
| Mar 31, 2026 | 43.45% |
| Dec 31, 2025 | 32.96% |
| Sep 30, 2025 | 34.96% |
| Jun 30, 2025 | 34.29% |
| Mar 31, 2025 | 27.36% |
| Dec 31, 2024 | 28.94% |
| Sep 30, 2024 | 26.57% |
| Jun 30, 2024 | 40.59% |
| Mar 31, 2024 | 20.61% |
| Dec 31, 2023 | 27.12% |
| Sep 30, 2023 | 19.17% |
| Jun 30, 2023 | 41.35% |
| Mar 31, 2023 | 41.05% |
| Dec 31, 2022 | 46.43% |
| Sep 30, 2022 | 32.31% |
| Jun 30, 2022 | 52.46% |
| Mar 31, 2022 | 57.81% |
| Dec 31, 2021 | 44.45% |
| Sep 30, 2021 | -7.12% |
API Access
CF Industries Holdings Operating 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=operating-margin&ticker=CF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=CF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();