CF Industries Holdings, Inc. (CF) Revenue by Segment

CF Industries revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), CF Industries's largest business segment was Urea, with $759.00 million or 34% of revenue, up 38.8% from a year earlier. Next: UAN (28%), Ammonia (26%) and All other segments (9%).

By region, North America brought in 87% and Europe and Other brought in 13% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was All other segments (+54.4%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q1 fiscal 2018.

CF Industries Holdings, Inc.

CFNon-Energy Raw Materials

United States

Non-Energy Raw Materials

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

UanUreaAmmoniaAmmonium NitrateOther ProductsAll other segments

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Urea	USD 759.00M	34.2%	+38.8%
Uan	USD 613.00M	27.6%	+0.5%
Ammonia	USD 586.00M	26.4%	+19.3%
All other segments	USD 193.00M	8.7%	+54.4%
Ammonium Nitrate	USD 71.00M	3.2%	-39.3%

Sum of items USD 2.22B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18
Uan	613.0M	583.0M	564.0M	517.0M	610.0M	470.0M	372.0M	406.0M	475.0M	425.0M	418.0M	435.0M	548.0M	667.0M	845.0M	736.0M	976.0M	1.0B	732.0M	390.0M	434.0M	232.0M	272.0M	248.0M	308.0M	235.0M	336.0M	309.0M	369.0M	256.0M	342.0M
Urea	759.0M	590.0M	372.0M	423.0M	547.0M	439.0M	348.0M	388.0M	457.0M	407.0M	392.0M	360.0M	460.0M	611.0M	605.0M	689.0M	833.0M	765.0M	662.0M	386.0M	433.0M	399.0M	333.0M	249.0M	329.0M	337.0M	239.0M	327.0M	433.0M	343.0M	345.0M
Ammonia	586.0M	627.0M	708.0M	457.0M	491.0M	520.0M	572.0M	353.0M	409.0M	402.0M	495.0M	235.0M	525.0M	424.0M	804.0M	531.0M	1.1B	640.0M	778.0M	344.0M	459.0M	206.0M	298.0M	165.0M	364.0M	193.0M	266.0M	187.0M	473.0M	187.0M	250.0M
Ammonium Nitrate	71.0M	58.0M	81.0M	122.0M	117.0M	101.0M	101.0M	106.0M	98.0M	114.0M	120.0M	114.0M	104.0M	159.0M	189.0M	180.0M	253.0M	223.0M	151.0M	118.0M	136.0M	105.0M	112.0M	109.0M	118.0M	116.0M	117.0M	136.0M	126.0M	127.0M	97.0M
Other Products	–	–	–	–	–	–	–	–	–	–	146.0M	129.0M	138.0M	151.0M	165.0M	185.0M	212.0M	225.0M	217.0M	124.0M	126.0M	106.0M	87.0M	76.0M	85.0M	90.0M	91.0M	79.0M	101.0M	88.0M	98.0M
All other segments	193.0M	128.0M	147.0M	140.0M	125.0M	133.0M	131.0M	117.0M	133.0M	122.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

CF Industries revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Urea	$759.0M	$590.0M	$423.0M	$547.0M	34%
UAN	$613.0M	$583.0M	$517.0M	$610.0M	28%
Ammonia	$586.0M	$627.0M	$457.0M	$491.0M	26%
All other segments	$193.0M	$128.0M	$140.0M	$125.0M	9%
Ammonium Nitrate	$71.0M	$58.0M	$122.0M	$117.0M	3%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

CF Industries revenue by region, last 4 quarters

Region	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
North America	$1.9B	$1.7B	$1.3B	$1.7B	87%
Europe and Other	$297.0M	$262.0M	$331.0M	$204.0M	13%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are CF Industries's business segments?

Urea, UAN, Ammonia, All other segments and Ammonium Nitrate (as reported for Q2 fiscal 2026).

Which business segment makes the most money for CF Industries?

Urea: $759.00 million, or 34% of revenue, in Q2 fiscal 2026.

Where does CF Industries make its money?

By region in Q2 fiscal 2026: North America (87%) and Europe and Other (13%).

MoreCF Industries stock overview CF Industries financials CF Industries executive team CF Industries shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.