What CF Industries Does & How It Makes Money (CF)

Updated October 2026 · reflects CF Industries's latest reported financials

North American producer of ammonia and nitrogen fertilizers. It makes money by producing ammonia and nitrogen products at its plants and selling them in bulk to farm cooperatives, retailers, fertilizer distributors, traders, wholesalers and industrial users.

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How CF Industries makes money

It makes money by producing ammonia and nitrogen products at its plants and selling them in bulk to farm cooperatives, retailers, fertilizer distributors, traders, wholesalers and industrial users.

What CF Industries does

CF Industries Holdings, Inc. produces ammonia and nitrogen products in North America, Europe and other international markets. It reports five segments: Ammonia, Granular Urea, UAN, AN and Other. The Other segment covers diesel exhaust fluid, urea liquor and nitric acid. Its main customers are agricultural cooperatives, retailers, independent fertilizer distributors, traders and wholesalers, along with industrial users. The company was founded in 1946 and is based in Northbrook, Illinois.

Products & services

• Ammonia
• Granular urea
• Urea ammonium nitrate solution (UAN)
• Ammonium nitrate (AN)
• Diesel exhaust fluid (DEF)
• Nitric acid

What is CF Industries worth?

On an owner-earnings DCF, CF Industries's most-likely value is about $117 versus a recent price near $112 (5% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$81) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

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