CF Industries Holdings (CF) Return on Capital Employed [ROCE] (2009 - 2026)
CF Industries Holdings' Return on Capital Employed [ROCE] came in at 22.59% for Q2 2026, up 7.57 percentage points from 15.02% a year earlier and up 2.37 percentage points from the prior quarter.
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Analysis
CF Industries Holdings (CF) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, CF Industries Holdings' Return on Capital Employed [ROCE] was 17.84%, up 4.52 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +12.28 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 13.33% in FY2024 (-3.77 pp), 17.10% in FY2023 (-28.45 pp), 45.55% in FY2022 (+29.49 pp) and 16.06% in FY2021 (+10.49 pp).
- The Q2 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] since Q3 2023.
- Year-over-year, Return on Capital Employed [ROCE] has increased for six consecutive quarters, with an average year-over-year change of +1.40 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q3 2022 (a gain of 37.45 percentage points), and the weakest in Q4 2023 (a drop of 26.93 percentage points).
- Business Quant data shows CF's Return on Capital Employed [ROCE] at 20.22% (Q1 2026), 17.35% (Q4 2025) and 16.77% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 235.23 Bn | 216.81 Bn | 4.43 Bn | 13.17% |
| 2 | Corning | 106.66 Bn | 99.22 Bn | 1.63 Bn | 9.96% |
| 3 | Sherwin Williams | 82.20 Bn | 81.24 Bn | 3.34 Bn | 23.44% |
| 4 | Air Products & Chemicals | 68.45 Bn | 63.64 Bn | 1.04 Bn | -1.63% |
| 5 | LyondellBasell Industries | 42.89 Bn | 32.40 Bn | 2.04 Bn | 3.55% |
| 6 | Nutrien | 33.91 Bn | 30.74 Bn | 3.25 Bn | - |
| 7 | Ppg Industries | 24.62 Bn | 17.28 Bn | 1.81 Bn | 13.38% |
| 8 | International Flavors & Fragrances | 23.96 Bn | 21.62 Bn | 853.00 Mn | 3.64% |
| 9 | Dow | 23.51 Bn | 7.01 Bn | 2.17 Bn | 0.24% |
| 10 | CF Industries Holdings | 18.55 Bn | 10.20 Bn | 1.15 Bn | 22.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.59% |
| Mar 31, 2026 | 20.22% |
| Dec 31, 2025 | 17.35% |
| Sep 30, 2025 | 16.77% |
| Jun 30, 2025 | 15.02% |
| Mar 31, 2025 | 15.25% |
| Dec 31, 2024 | 13.60% |
| Sep 30, 2024 | 13.53% |
| Jun 30, 2024 | 12.18% |
| Mar 31, 2024 | 12.71% |
| Dec 31, 2023 | 16.95% |
| Sep 30, 2023 | 23.90% |
| Jun 30, 2023 | 27.41% |
| Mar 31, 2023 | 36.54% |
| Dec 31, 2022 | 43.87% |
| Sep 30, 2022 | 44.40% |
| Jun 30, 2022 | 35.73% |
| Mar 31, 2022 | 28.94% |
| Dec 31, 2021 | 16.25% |
| Sep 30, 2021 | 6.95% |
API Access
CF Industries Holdings Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=CF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=CF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();