OakChart

CF Industries Holdings Inc

CFBasic Materials·Agricultural Inputs·USA·Large·NYSE·Nov 13 • 5:14 AM ET

125.01+0.09 (0.07%)
2026-11-13 13:09 CET
Market cap
$18.29B
Revenue, TTM
7,940.00 USD m
Net income, TTM
2,182.00 USD m
Free cash flow, TTM
2,081.00 USD m
EPS diluted, TTM
14.17
Price / earnings
8.82
Compare

Price

CF against its 20, 50 and 200-day averages
Terms2050200Miss
Patternshover a marker to name it
RS 54Sales 1,994Price1,9852,007100.00120.00140.002.7M5.3MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26CFclose 125.0120-day 119.8150-day 121.35200-day 117.83125.0152w high 141.9652-week range, not 6 months

11.9% under the 52-week high of 141.96 on 30 Mar 2026. 52-week low 75.42 on 10 Dec 2025. Last 15 sessions, 14.2% high to low

Volume 0.01× normal · the line is the 50-bar volume average

Setup. RS line 54
CANSLIM 4 of 6 — fails: 52-Week High/Low: 0-10% below High; Performance: Year +50%
VCP 4 of 6 — fails: 52-Week High/Low: 0-10% below High; Average True Range: Under 2
Minervini 2 of 4 — fails: 52-Week High/Low: 0-10% below High; Performance: Year +50%
Zanger 3 of 5 — fails: Performance: Week +10%; Relative Volume: Over 1.5
Leaders 3 of 5 — fails: Performance: Year +50%; 52-Week High/Low: 0-10% below High
Breakout 2 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2
Growth 3 of 4 — fails: EPS Growth Next Year: High (>25%)
Quality 4 of 5 — fails: Debt/Equity: Low (<0.1)
Value 2 of 4 — fails: P/B: Under 2; Debt/Equity: Low (<0.1)
Income 1 of 4 — fails: Dividend Yield: Over 2%; Dividend Growth: Growing 2+ Years; Payout Ratio: Low (<20%)
Small Cap 2 of 4 — fails: Float: Under 100M; Performance: Year +50%
Accumulation 3 of 4 — fails: Institutional Transactions: Over +10%
Relative Strength 2 of 3 — fails: Performance: Year +100%

Profile

CF
52-week range, 75% of the way up
75.42141.96

CF Industries Holdings, Inc. engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through the following segments: Ammonia, Granular Urea, UAN, AN, and Other. The Ammonia segment produces anhydrous ammonia. The Granular Urea segment offers granular urea. The UAN segment focuses on urea ammonium nitrate solution. The AN segment refers to the production of ammonium nitrate. The Other segment includes diesel exhaust fluid, nitric acid, urea liquor, and aqua ammonia. The company was founded in 1946 and is headquartered in Northbrook, IL.

IndexS&P 500, RUI
Employees2900
IPOAug 11, 2005
Beta0.54
ATR, 14d4.40
Rel volume0.01
Short float6.13%
Insider own0.58%
Inst own109.01%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap$18.29B
Enterprise Value22.29B
Income2.18B
Sales7.94B
Book / share38.54
Cash / share19.28
Dividend Est.2.17 (1.74%)
Dividend TTM2.10 (1.68%)
Dividend Ex-DateNov 16, 2026
Dividend Gr. 3/5Y10.06% 10.76%
Payout22.30%
Employees2900
IPOAug 11, 2005

Ratios

Price / earnings8.82
Forward price / earnings10.13
Price / earnings / growth-
Price / sales2.30
Price / book3.24
Price / cash6.48
Price / free cash flow8.79
Value / cash profit5.27
Value / sales2.81
Quick Ratio2.68
Current Ratio2.98
Debt / equity0.64
Long-term debt / equity0.62
Options and shortYes / Yes

Earnings

Earnings / share14.17
Earnings next year12.34
Earnings next quarter3.59
Earnings this year55.74%
Earnings next year-17.20%
Earnings growth, 5 years-1.27%
Past earnings growth-18.19% 43.52%
Past sales growth-14.12% 11.43%
Earnings vs last year70.91%
Sales vs last year17.87%
Earnings vs last quarter31.34%
Sales vs last quarter12.12%
EarningsNov 04 AMC
Surprise-1.61% 5.31%

Ownership

Insiders own0.58%
Insider trades0.00%
Institutions own109.01%
Institution trades3.15%
Return on assets14.41%
Return on equity41.25%
Return on capital23.53%
Gross Margin45.79%
Operating margin41.91%
Profit Margin27.48%
20-day average4.34%
50-day average3.01%
200-day average6.09%

Technical

Shares out148.69M
Shares floating145.44M
Short / float6.13%
Short ratio3.62
Short interest8.92M
52-week high141.96 -11.9%
52-week low75.42 +65.8%
Volatility3.96% 3.61%
Average range4.40
Strength index58.95
Market sensitivity0.54
Relative volume0.01
Avg Volume2.47M
Volume754

Performance

Perf Week4.71%
Perf Month4.38%
Perf Quarter6.14%
Perf Half Y-0.18%
Perf YTD61.64%
Perf Year48.24%
Perf 3Y56.56%
Perf 5Y93.60%
Perf 10Y350.00%
Recommendation2.83
Target Price130.82
Prev Close124.92
Price125.01
Change %0.07%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 28, 2026UpgradeRothschild & Co RedburnSell → Neutral$110-12.0%
Sep 25, 2026InitiatedBernsteinOutperform$162+29.6%
Jun 30, 2026UpgradeScotiabankSector Perform → Sector Outperform$1250.0%
Mar 18, 2026DowngradeMizuhoNeutral → Underperform$100-20.0%
Feb 04, 2026DowngradeRothschild & Co RedburnNeutral → Sell$72-42.4%
Dec 02, 2025InitiatedCIBCNeutral$87-30.4%
Nov 11, 2025ResumedWells FargoOverweight$100-20.0%
Aug 14, 2025DowngradeBofA SecuritiesNeutral → Underperform$82-34.4%
Aug 13, 2025UpgradeBarclaysEqual Weight → Overweight$100-20.0%
Jul 29, 2025UpgradeJP MorganUnderweight → Neutral$92-26.4%

Peers

Mkt cap
TickerCompanyMkt cap
NTRNutrien Ltd33.81B
UANCVR Partners LP1.18B
MOSMosaic Company6.93B
ICLICL Group Ltd5.92B
LXULSB Industries Inc821.55M
CTVACorteva Inc6.17B
IPIIntrepid Potash Inc444.23M
MEOHMethanex Corp5.42B
ASIXAdvanSix Inc425.12M
FMCFMC Corp799.99M

Insider trading

latest 14 of 57
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
STEPHEN J HAGGEFormer DirectorMay 22 '26Proposed Sale121.873,293401,306May 22 04:14 PM
Mayer Erik M.VP, Clean Energy & BusDevelopMar 17 '26Sale124.691,500187,0356,341Mar 19 04:23 PM
Hoker Richard AVP and Corporate ControllerMar 17 '26Sale125.383,499438,70531,036Mar 19 04:16 PM
Frost Bert AEVP, Chief Commercial OfficerMar 17 '26Sale126.006,000756,00069,472Mar 19 04:15 PM
Hoker Richard AOfficerMar 17 '26Proposed Sale125.383,499438,705Mar 17 04:32 PM
Mayer Erik M.OfficerMar 17 '26Proposed Sale124.691,500187,035Mar 17 04:31 PM
Frost Bert AOfficerMar 17 '26Proposed Sale126.006,000756,000Mar 17 04:28 PM
Menzel Susan LEVP and Chief Admin. OfficerMar 12 '26Sale136.0618,0412,454,71355,762Mar 13 06:01 PM
Frost Bert AEVP, Chief Commercial OfficerMar 12 '26Sale136.696,250854,31675,472Mar 13 06:00 PM
Will W AnthonyFormer President & CEOMar 13 '26Sale130.8353,0266,937,56954,995Mar 13 05:59 PM
Will W AnthonyFormer President & CEOMar 11 '26Sale118.6428,6253,396,056108,021Mar 13 05:59 PM
Will W AnthonyDirectorMar 13 '26Proposed Sale130.8353,0266,937,567Mar 13 04:14 PM
Menzel Susan LOfficerMar 12 '26Proposed Sale136.0618,0412,454,713Mar 12 04:14 PM
Frost Bert AOfficerMar 12 '26Proposed Sale136.696,250854,316Mar 12 04:13 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 696.31B
VOOVanguard S&P 500 ETFAUM: 1070.75B
VBVanguard Morningstar Small-Cap ETFAUM: 80.23B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.88B
IVViShares Core S&P 500 ETFAUM: 882.14B
XLBState Street Materials Select Sector SPDR ETFAUM: 8.49B
SPYSPDR S&P 500 ETF TrustAUM: 805.69B
RSPInvesco S&P 500 Equal Weight ETFAUM: 105.70B
GUNRNorthern Trust Morningstar Global Upstream Natural Resources ETFAUM: 6.91B
RDVYFirst Trust Rising Dividend Achievers ETFAUM: 25.94B

News

latest 14 of 200

Quarterly earnings

2026Q3 EPS 2.956 missed 3.004, from 2.277 a year earlier. Sales 1,860 beat 1,766, from 1,659 a year earlier
EPS
5.63202024Q4 EPS 1.896 against 1.54024Q42025Q1 EPS 1.974 against 1.47925Q12025Q2 EPS 2.364 against 2.50125Q22025Q3 EPS 2.277 against 2.15825Q32025Q4 EPS 2.725 against 2.42525Q42026Q1 EPS 4.097 against 2.63026Q12026Q2 EPS 4.750 against 5.63226Q22026Q3 EPS 2.956 against 3.00426Q3
Sales, USD millions
2,45002024Q4 sales 1,524 against 1,50224Q42025Q1 sales 1,663 against 1,54125Q12025Q2 sales 1,890 against 1,80425Q22025Q3 sales 1,659 against 1,66825Q32025Q4 sales 1,872 against 1,78325Q42026Q1 sales 1,986 against 1,83926Q12026Q2 sales 2,222 against 2,45026Q22026Q3 sales 1,860 against 1,76626Q3

The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.

PeriodReportedEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mSurpriseYear-ago quarterAnalystsNext session
2026Q3ended 2026-09-302026-11-04 16:302.9563.0042.8701,8601,766EPS -1.6% · sales +5.3%vs 2025Q3, year-ago quarter · EPS +29.8% · sales +12.1%14 EPS · 13 salesOpen +3.55% vs SPY -0.17%. Close +6.17% vs SPY -4.41%
2026Q2ended 2026-06-302026-08-05 16:304.7505.6324.7242,2222,450EPS -15.7% · sales -9.3%vs 2025Q2, year-ago quarter · EPS +100.9% · sales +17.6%13 EPS · 11 salesOpen -4.04% vs SPY +0.05%. Close +0.02% vs SPY -0.16%
2026Q1ended 2026-03-312026-05-06 16:304.0972.6303.9811,9861,839EPS +55.7% · sales +8.0%vs 2025Q1, year-ago quarter · EPS +107.5% · sales +19.4%14 EPS · 12 salesOpen -4.73% vs SPY +0.17%. Close -0.90% vs SPY -0.31%
2025Q4ended 2025-12-312026-02-18 16:302.7252.4252.5881,8721,783EPS +12.3% · sales +5.0%vs 2024Q4, year-ago quarter · EPS +43.7% · sales +22.8%15 EPS · 12 salesOpen +1.23% vs SPY -0.36%. Close +3.80% vs SPY -0.26%
2025Q3ended 2025-09-302025-11-05 16:302.2772.1582.1901,6591,668EPS +5.5% · sales -0.5%vs 2024Q3, year-ago quarter · EPS +71.0% · sales +21.1%12 EPS · 10 salesOpen -2.21% vs SPY -0.16%. Close -4.23% vs SPY -1.07%
2025Q2ended 2025-06-302025-08-06 16:302.3642.5012.3671,8901,804EPS -5.5% · sales +4.8%vs 2024Q2, year-ago quarter · EPS +2.8% · sales +20.2%12 EPS · 9 salesOpen -6.34% vs SPY +0.55%. Close -7.80% vs SPY -0.08%
2025Q1ended 2025-03-312025-05-07 16:301.9741.4791.8481,6631,541EPS +33.5% · sales +7.9%vs 2024Q1, year-ago quarter · EPS +91.7% · sales +13.1%13 EPS · 10 salesOpen +4.36% vs SPY +0.73%. Close +0.78% vs SPY +0.70%
2024Q4ended 2024-12-312025-02-19 16:301.8961.5401.8911,5241,502EPS +23.1% · sales +1.5%vs 2023Q4, year-ago quarter · EPS +26.6% · sales -3.0%13 EPS · 10 salesOpen -1.19% vs SPY -0.23%. Close -4.24% vs SPY -0.42%
2024Q3ended 2024-09-302024-10-30 16:301.3321.1641.5451,3701,284EPS +14.4% · sales +6.7%vs 2023Q3, year-ago quarter · EPS +16.8% · sales +7.6%12 EPS · 9 salesOpen +2.02% vs SPY -0.77%. Close +0.55% vs SPY -1.96%
2024Q2ended 2024-06-302024-08-07 16:302.3001.8462.2981,5721,515EPS +24.6% · sales +3.8%vs 2023Q2, year-ago quarter · EPS -15.1% · sales -11.4%13 EPS · 10 salesOpen +5.31% vs SPY +1.01%. Close +8.50% vs SPY +2.31%
2024Q1ended 2024-03-312024-05-01 16:301.0301.5321.0311,4701,456EPS -32.8% · sales +1.0%vs 2023Q1, year-ago quarter · EPS -63.9% · sales -26.9%14 EPS · 12 salesOpen -1.89% vs SPY +0.76%. Close -5.26% vs SPY +0.94%
2023Q4ended 2023-12-312024-02-14 16:301.4981.5601.4381,5711,509EPS -4.0% · sales +4.1%vs 2022Q4, year-ago quarter · EPS -64.7% · sales -39.8%14 EPS · 12 salesOpen +0.36% vs SPY +0.14%. Close -1.01% vs SPY +0.69%
2023Q3ended 2023-09-302023-11-01 16:301.1401.0190.8501,2731,289EPS +11.9% · sales -1.2%vs 2022Q3, year-ago quarter · EPS -50.4% · sales -45.2%14 EPS · 10 sales-
2023Q2ended 2023-06-302023-08-02 16:302.7102.1972.7031,7751,821EPS +23.4% · sales -2.5%vs 2022Q2, year-ago quarter · EPS -51.4% · sales -47.6%14 EPS · 11 sales-
2023Q1ended 2023-03-312023-05-01 16:302.8502.4992.8442,0121,879EPS +14.1% · sales +7.1%vs 2022Q1, year-ago quarter · EPS -32.3% · sales -29.8%15 EPS · 11 sales-
2022Q4ended 2022-12-312023-02-15 16:304.2444.3014.3572,6082,827EPS -1.3% · sales -7.8%vs 2021Q4, year-ago quarter · EPS +14.5% · sales +2.7%16 EPS · 10 sales-

Annual earnings

2025FY EPS 9.568 beat 8.917, from 6.546 a year earlier. Sales 7,084 beat 6,978, from 5,936 a year earlier
EPS
17.50902018FY EPS 1.240 against 1.41720182019FY EPS 2.086 against 2.06020192020FY EPS 1.465 against 1.19620202021FY EPS 6.562 against 5.72620212022FY EPS 16.395 against 17.50920222023FY EPS 8.229 against 8.16520232024FY EPS 6.546 against 6.27820242025FY EPS 9.568 against 8.9172025
Sales, USD millions
11,39102018FY sales 4,429 against 4,51020182019FY sales 4,590 against 4,56620192020FY sales 4,124 against 4,04820202021FY sales 6,538 against 6,50420212022FY sales 11,186 against 11,39120222023FY sales 6,631 against 6,57120232024FY sales 5,936 against 5,89120242025FY sales 7,084 against 6,9782025

Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.

earnings feed, not the snapshot. Not the statement ratio.

PeriodEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mP/E, earnings feed
2030FYestimate-9.020--7,00513.86
2029FYestimate-8.235--6,71115.18
2028FYestimate-9.207--7,02013.58
2027FYestimate-12.339--7,52810.13
2026FYestimate-14.901--8,2178.39
2025FY9.5688.9178.9707,0846,9788.08
2024FY6.5466.2786.7405,9365,89113.03
2023FY8.2298.1657.8696,6316,5719.66
2022FY16.39517.50916.38611,18611,3915.20
2021FY6.5625.7264.2416,5386,50410.79
2020FY1.4651.1961.4734,1244,04826.42
2019FY2.0862.0602.2254,5904,56622.89
2018FY1.2401.4171.2404,4294,51035.09
2017FY-0.250-0.3411.5314,1304,018-
2016FY0.4700.756-1.1883,6853,73566.98
2015FY3.8803.7832.9654,3084,26932.22
2014FY3.9163.7705.4164,7434,67231.92
2013FY4.7204.6024.9485,4755,43026.49
2012FY5.5845.5525.7186,1046,20822.39
2011FY4.5784.4974.3966,0986,03127.31
2010FY1.7241.4781.0683,9653,94472.51

Quarterly results

2026Q3 revenue 1,860, from 1,659 a year earlier. Operating margin 39.4%, from 36.9% a year earlier
Revenue, USD millions
2,22202024Q4 revenue 1,52424Q42025Q1 revenue 1,66325Q12025Q2 revenue 1,89025Q22025Q3 revenue 1,65925Q32025Q4 revenue 1,87225Q42026Q1 revenue 1,98626Q12026Q2 revenue 2,22226Q22026Q3 revenue 1,86026Q3
Operating margin
51.202024Q4 operating margin 29.2%24Q42025Q1 operating margin 35.7%25Q12025Q2 operating margin 39.4%25Q22025Q3 operating margin 36.9%25Q32025Q4 operating margin 36.2%25Q42026Q1 operating margin 39.2%26Q12026Q2 operating margin 51.2%26Q22026Q3 operating margin 39.4%26Q3

From the quarterly statement. Not an estimate.

Estimate revisions

Latest snapshot of each period and type. 2026FY E 14.90 per share.
PeriodTypeScaleDateMeanvs prior date
2026FYEper share2026-11-1114.90-0.4%
2026Q4Eper share2026-11-113.59+1.2%
2026FYRper share2026-11-1115.43+0.2%
2026FYSUSD millions2026-11-118,217+0.3%
2026Q4SUSD millions2026-11-111,994+0.5%
2026Q4Rper share2026-11-103.82-7.2%
2026Q3SUSD millions2026-11-021,7660.0%
2026Q3Eper share2026-10-303.00-0.7%
2026Q3Rper share2026-10-262.95+2.1%
2026Q2Eper share2026-07-295.630.0%
2026Q2SUSD millions2026-07-292,4500.0%
2026Q2Rper share2026-07-225.960.0%
2026Q1Eper share2026-05-012.630.0%
2026Q1SUSD millions2026-04-281,839+0.2%
2026Q1Rper share2026-03-252.72-3.5%
2025FYEper share2026-02-168.920.0%
2025Q4Eper share2026-02-162.430.0%
2025FYRper share2026-02-078.810.0%
2025FYSUSD millions2026-02-076,9780.0%
2025Q4SUSD millions2026-02-051,7830.0%
2025Q4Rper share2026-01-092.46-6.0%
2025Q3SUSD millions2025-11-031,6680.0%
2025Q3Eper share2025-10-312.160.0%
2025Q3Rper share2025-10-132.13+6.2%
2025Q2Eper share2025-08-042.50+1.4%
2025Q2Rper share2025-07-222.50+6.0%
2025Q2SUSD millions2025-07-221,804+0.8%
2025Q1Eper share2025-05-071.480.0%
2025Q1Rper share2025-05-061.440.0%
2025Q1SUSD millions2025-05-061,5410.0%
2024FYEper share2025-02-176.28+0.0%
2024Q4Eper share2025-02-171.540.0%
2024FYSUSD millions2025-02-175,891+0.0%
2024FYRper share2025-02-106.400.0%
2024Q4SUSD millions2025-01-281,5020.0%
2024Q4Rper share2025-01-271.52-4.3%
2024Q3Eper share2024-10-291.160.0%
2024Q3Rper share2024-10-291.160.0%
2024Q3SUSD millions2024-10-291,2840.0%
2024Q2Eper share2024-07-241.850.0%
2024Q2SUSD millions2024-07-171,515-3.4%
2024Q2Rper share2024-07-111.90-0.7%
2024Q1SUSD millions2024-05-011,4560.0%
2024Q1Eper share2024-04-301.530.0%
2024Q1Rper share2024-04-101.63-0.3%
2023FYEper share2024-02-148.16+0.0%
2023FYSUSD millions2024-02-126,5710.0%
2023FYRper share2024-02-058.230.0%

Estimate history

Annual
Metric201720182019202020212022202320242025TTMMRQ
EPS per share1.5311.242.2251.4734.24116.3867.8696.748.9714.1685-
Sales USD millions4,1304,4294,5904,1246,53811,1866,6315,9367,0847,940-
Shares million shares233223216214208196188170154-149
Quarterly
MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
EPS per share1.5451.8911.8482.3672.192.5883.9814.7242.876
Sales USD millions1,3701,5241,6631,8901,6591,8721,9862,2221,860
Shares million shares174170165162158154154152149

Income statement, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Total Revenue7,940.007,084.00+19.3%5,936.00-10.5%6,631.00-40.7%11,186.00+71.1%6,538.00+58.5%4,124.00-10.2%4,590.00+3.6%4,429.00
Cost of Goods Sold Incl. D&A4,304.004,354.00+12.4%3,875.00-2.8%3,986.00-24.7%5,294.00+26.7%4,177.00+27.0%3,290.00-3.4%3,406.00-3.3%3,523.00
Gross Profit3,636.002,730.00+32.5%2,061.00-22.1%2,645.00-55.1%5,892.00+149.6%2,361.00+183.1%834.00-29.6%1,184.00+30.7%906.00
Selling, General and Administrative Excl. Other370.00364.00+13.7%320.00+10.7%289.00-0.3%290.00+30.0%223.00+8.3%206.00-13.8%239.00+12.7%212.00
Other Operating Expense-62.00-42.000.000.000.000.000.000.000.00
Operating Income3,328.002,408.00+38.3%1,741.00-26.1%2,356.00-57.9%5,602.00+162.0%2,138.00+240.4%628.00-33.5%945.00+36.2%694.00
Interest Expense298.00155.00+28.1%121.00-19.3%150.00-56.4%344.00+87.0%184.00+2.8%179.00-24.5%237.00-1.7%241.00
Unusual Expense-62.00110.00-31.00-410.0%10.00-96.7%307.00-40.4%515.00-17.00-950.0%2.00-20.00
Net Income Before Taxes3,158.002,239.00+27.1%1,762.00-21.6%2,248.00-55.9%5,095.00+230.2%1,543.00+233.3%463.00-40.0%772.00+41.1%547.00
Income Taxes598.00441.00+54.7%285.00-30.5%410.00-64.6%1,158.00+309.2%283.00+812.9%31.00-75.4%126.00+5.9%119.00
Consolidated Net Income2,560.001,798.00+21.7%1,477.00-19.6%1,838.00-53.3%3,937.00+212.5%1,260.00+191.7%432.00-33.1%646.00+50.9%428.00
Net Income From Continuing Operations2,182.001,455.00+19.5%1,218.00-20.1%1,525.00-54.4%3,346.00+264.9%917.00+189.3%317.00-35.7%493.00+70.0%290.00
Net Income2,182.001,455.00+19.5%1,218.00-20.1%1,525.00-54.4%3,346.00+264.9%917.00+189.3%317.00-35.7%493.00+70.0%290.00
EPS (Recurring) per share14.119.45+42.7%6.62-16.3%7.91-54.6%17.44+195.1%5.91+316.2%1.42-36.3%2.23+89.0%1.18
EPS (Basic, Before Extraordinaries) per share14.208.98+33.0%6.75-14.4%7.89-52.1%16.46+285.5%4.27+188.5%1.48-33.9%2.24+79.2%1.25
EPS (Diluted) per share14.178.97+33.1%6.74-14.4%7.87-52.0%16.39+286.6%4.24+188.4%1.47-33.8%2.22+79.0%1.24
EBITDA4,232.003,306.00+24.0%2,666.00-17.3%3,225.00-49.9%6,443.00+113.6%3,017.00+99.5%1,512.00-16.4%1,808.00+15.5%1,566.00
Non-Operating Income (Expense)66.0096.00-13.5%111.00+113.5%52.00-63.9%144.00+38.5%104.00-3.00-104.5%66.00-10.8%74.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense30.8141.00+46.4%28.000.0%28.00-12.5%32.00+6.7%30.00+64.4%18.25-17.0%22.00+29.4%17.00
Price To Earnings Ratio ratio statement ratio, not the snapshot8.828.8213.527.395.5916.6726.2721.5135.13
Price To Sales Ratio ratio2.201.772.602.321.562.342.022.302.30
Gross Margin %45.7938.5434.7239.8952.6736.1120.2225.8020.46
Operating Margin %41.9133.9929.3335.5350.0832.7015.2320.5915.67
Net Margin %27.4820.5420.5223.0029.9114.037.6910.746.55
Shares Outstanding million shares148.69153.55-9.6%169.88-9.7%188.19-3.8%195.60-5.8%207.58-3.0%213.95-1.0%216.02-3.1%222.82
Market Capitalization18,273.9218,273.92+23.1%14,847.39-2.2%15,188.95-9.1%16,715.30+10.1%15,180.54+83.3%8,280.69-20.2%10,380.20+3.4%10,041.72

Income statement, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Total Revenue1,860.00+12.1%2,222.00+17.6%1,986.00+19.4%1,872.00+22.8%1,659.00+21.1%1,890.00+20.2%1,663.00+13.1%1,524.00-3.0%
Cost of Goods Sold Incl. D&A1,059.00+10.5%1,014.00-2.9%1,128.00+14.4%1,103.00+10.2%958.00+3.7%1,044.00+16.9%986.00-6.7%1,001.00-2.2%
Gross Profit801.00+14.3%1,208.00+42.8%858.00+26.7%769.00+47.0%701.00+57.2%846.00+24.6%677.00+63.9%523.00-4.4%
Selling, General and Administrative Excl. Other87.00-1.1%89.00-11.9%103.00+22.6%91.00+16.7%88.00+12.8%101.00+32.9%84.00-4.5%78.00+2.6%
Other Operating Expense-19.00-19.00-24.000.000.000.000.000.00
Operating Income733.00+19.6%1,138.00+52.8%779.00+31.4%678.00+52.4%613.00+66.6%745.00+23.5%593.00+82.5%445.00-5.5%
Interest Expense168.00+309.8%50.00+38.9%39.00+5.4%41.00-12.8%41.0036.00-2.7%37.000.0%47.00+34.3%
Unusual Expense0.0023.00-171.00-812.5%86.000.00-100.0%0.0024.00-2.00-104.9%
Net Income Before Taxes619.00+9.6%1,093.00+72.1%844.00+93.1%602.00+39.0%565.00+41.3%635.00+1.0%437.00+45.7%433.00-0.7%
Income Taxes99.00-5.7%224.00+56.6%168.00+95.3%107.00+161.0%105.00+78.0%143.00+16.3%86.00+38.7%41.00-51.2%
Consolidated Net Income520.00+13.0%869.00+76.6%676.00+92.6%495.00+26.3%460.00+34.9%492.00-2.8%351.00+47.5%392.00+11.4%
Net Income From Continuing Operations436.00+23.5%727.00+88.3%615.00+97.1%404.00+23.2%353.00+27.9%386.00-8.1%312.00+60.8%328.00+19.7%
Net Income436.00+23.5%727.00+88.3%615.00+97.1%404.00+23.2%353.00+27.9%386.00-8.1%312.00+60.8%328.00+19.7%
EPS (Recurring) per share2.88+31.5%4.83+103.8%3.21+64.6%2.97+58.0%2.19+41.3%2.37+3.0%1.95+112.0%1.88+18.2%
EPS (Basic, Before Extraordinaries) per share2.88+31.5%4.73+99.6%3.99+115.7%2.59+37.0%2.19+41.3%2.37+3.0%1.85+79.6%1.89+31.3%
EPS (Diluted) per share2.88+31.5%4.72+99.2%3.98+115.1%2.59+37.0%2.19+41.3%2.37+3.0%1.85+79.6%1.89+31.3%
EBITDA966.00+16.4%1,353.00+38.5%1,007.00+23.7%906.00+36.0%830.00+39.0%977.00+18.4%814.00+40.8%666.00-4.9%
Non-Operating Income (Expense)54.0028.00-67.0051.00+54.5%-7.00-121.2%-74.00-217.5%-95.0033.00-19.5%
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense7.11-30.8%7.11-25.0%8.69+10.0%7.900.0%10.27+85.7%9.48+100.0%7.90-23.1%7.90+55.2%
Price To Earnings Ratio ratio statement ratio, not the snapshot8.829.7314.449.3211.7212.1311.5513.52
Price To Sales Ratio ratio2.202.152.711.702.152.332.152.49
Gross Margin %43.0654.3743.2041.0842.2544.7640.7134.32
Operating Margin %39.4151.2239.2236.2236.9539.4235.6629.20
Net Margin %23.4432.7230.9721.5821.2820.4218.7621.52
Shares Outstanding million shares148.69-5.7%151.60-6.4%153.61-6.7%153.55-9.6%157.69-9.5%161.97-10.2%164.66-10.7%169.88-9.7%
Market Capitalization18,273.92+25.8%16,631.88+11.6%19,952.38+53.4%12,063.11-18.8%14,528.98-6.1%14,904.92+10.0%13,009.40-16.7%14,847.39-2.2%

Balance sheet, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/20182017FY12/31/2017
Cash & Short Term Investments1,982.00+22.8%1,614.00-20.6%2,032.00-12.5%2,323.00+42.7%1,628.00+138.4%683.00+138.0%287.00-57.9%682.00-18.3%835.00
Short Term Receivables488.00+20.8%404.00-20.0%505.00-13.2%582.00+17.1%497.00+87.5%265.00+9.5%242.00+3.0%235.00-23.5%307.00
Inventories383.00+22.0%314.00+5.0%299.00-36.9%474.00+16.2%408.00+42.2%287.00-18.2%351.00+13.6%309.00+12.4%275.00
Other Current Assets132.00-29.8%188.00-12.1%214.00-27.2%294.00+390.0%60.00-54.5%132.00+40.4%94.00+95.8%48.000.0%48.00
Total Current Assets2,985.00+18.5%2,520.00-17.4%3,050.00-17.0%3,673.00+41.7%2,593.00+89.7%1,367.00+40.3%974.00-23.5%1,274.00-13.0%1,465.00
Net Property, Plant & Equipment7,125.00+1.8%7,001.00-5.4%7,400.00+10.6%6,691.00-8.6%7,324.00-7.2%7,891.00-6.6%8,450.00-2.0%8,623.00-6.0%9,175.00
Total Investments and Advances33.00+13.8%29.00+11.5%26.00-64.9%74.00-9.8%82.00+2.5%80.00-9.1%88.00-5.4%93.00-13.9%108.00
Intangible Assets2,966.00-1.1%2,999.00-1.1%3,033.00+44.2%2,104.00-1.5%2,136.00-13.8%2,478.00+0.1%2,475.00+0.3%2,468.00-1.3%2,500.00
Deferred Tax Assets221.00+31.5%168.00-4.5%176.00+32.3%133.00-31.8%195.00-24.7%259.00-18.6%318.00+2.9%309.00-22.0%396.00
Other Assets979.00+6.8%917.00+5.8%867.00+12.5%771.00+221.3%240.00+15.9%207.00+11.9%185.00-8.9%203.00-5.6%215.00
Total Assets14,309.00+5.0%13,634.00-6.3%14,552.00+8.2%13,446.00+7.0%12,570.00+2.3%12,282.00-1.7%12,490.00-3.7%12,970.00-6.4%13,859.00
Short Term Debt Incl. Current Port. of LT Debt110.00+27.9%86.00-10.4%96.00+3.2%93.00+4.5%89.00-73.6%337.00+274.4%90.000.000.00
Accounts Payable148.00+18.4%125.00+9.6%114.00+81.0%63.00-42.7%110.00+29.4%85.00-80.5%437.00+332.7%101.00+2.0%99.00
Income Tax Payable0.00-100.0%2.00-83.3%12.00+300.0%3.00-87.5%24.000.00-100.0%1.00-80.0%5.00+150.0%2.00
Other Current Liabilities629.00+4.0%605.00+4.7%578.00-30.9%836.00-30.9%1,209.00+149.8%484.00+253.3%137.00-77.1%599.00+25.1%479.00
Total Current Liabilities887.00+8.4%818.00+2.2%800.00-19.6%995.00-30.5%1,432.00+58.1%906.00+36.2%665.00-5.7%705.00+21.6%580.00
Long Term Debt3,526.00+11.6%3,160.00+0.8%3,136.00+0.1%3,132.00-13.6%3,627.00-6.7%3,886.00-6.4%4,150.00-11.7%4,698.00+0.1%4,692.00
Provision for Risks Charges309.00+8.4%285.00-4.0%297.00-17.3%359.00+58.1%227.00-44.8%411.00-8.7%450.00+17.5%383.00-9.7%424.00
Deferred Tax Liabilities1,090.00+4.9%1,039.00-11.6%1,175.00+7.7%1,091.00-10.9%1,224.00-15.2%1,443.00-7.7%1,564.00+9.7%1,426.00-1.2%1,443.00
Other Liabilities722.00-2.4%740.00-4.0%771.00+4718.8%16.00-33.3%24.00-27.3%33.00+37.5%24.00-11.1%27.00-25.0%36.00
Total Liabilities6,534.00+8.1%6,042.00-2.2%6,179.00+10.5%5,593.00-14.4%6,534.00-2.2%6,679.00-2.5%6,853.00-5.3%7,239.00+0.9%7,175.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity4,838.00-2.9%4,985.00-12.8%5,717.00+13.2%5,051.00+57.5%3,206.00+9.7%2,922.00+0.9%2,897.00-2.1%2,958.00-17.4%3,579.00
Total Shareholders Equity4,838.00-2.9%4,985.00-12.8%5,717.00+13.2%5,051.00+57.5%3,206.00+9.7%2,922.00+0.9%2,897.00-2.1%2,958.00-17.4%3,579.00
Accumulated Minority Interest2,937.00+12.7%2,607.00-1.8%2,656.00-5.2%2,802.00-1.0%2,830.00+5.6%2,681.00-2.2%2,740.00-1.2%2,773.00-10.7%3,105.00
Total Equity7,775.00+2.4%7,592.00-9.3%8,373.00+6.6%7,853.00+30.1%6,036.00+7.7%5,603.00-0.6%5,637.00-1.6%5,731.00-14.3%6,684.00
Total Liabilities & Stockholders Equity14,309.00+5.0%13,634.00-6.3%14,552.00+8.2%13,446.00+7.0%12,570.00+2.3%12,282.00-1.7%12,490.00-3.7%12,970.00-6.4%13,859.00
Book Value Per Share per share31.51+7.4%29.34-3.4%30.38+17.7%25.82+67.2%15.44+13.0%13.66+1.9%13.41+1.0%13.28-13.4%15.34
Tangible Book Value Per Share per share12.19+4.3%11.69-18.0%14.26-5.4%15.07+192.6%5.15+147.6%2.08+6.7%1.95-11.4%2.20-52.5%4.63
Full-Time Employees people2,900+3.6%2,800+3.7%2,7000.0%2,700-10.0%3,0000.0%3,0000.0%3,0000.0%3,0000.0%3,000
Price to Book Ratio ratio3.242.862.653.794.582.833.563.283.13
Return on Assets %10.418.6410.8925.727.382.563.872.162.44
Return on Equity %29.6222.7628.3281.0529.9310.9016.848.8710.34
Return on Invested Capital %17.4014.9517.2340.8913.424.667.003.794.33
Quick Ratio ratio2.932.703.443.221.531.190.941.372.05
Current Ratio ratio3.373.083.813.691.811.511.461.812.53

Cash flow, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Net Income2,560.001,798.00+21.7%1,477.00-19.6%1,838.00-53.3%3,937.00+212.5%1,260.00+191.7%432.00-33.1%646.00+50.9%428.00
Depreciation904.00898.00-2.9%925.00+6.4%869.00+2.2%850.00-4.3%888.00-0.4%892.00+1.9%875.00-1.5%888.00
Other Funds (Non Cash)133.00147.00-36.00-500.0%9.00-97.3%333.00-38.8%544.00+1195.2%42.00+44.8%29.00+26.1%23.00
Funds from Operations3,556.002,849.00+26.6%2,251.00-19.5%2,797.00-44.2%5,013.00+100.8%2,496.00+93.2%1,292.00-24.0%1,699.00+19.9%1,417.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-473.00-97.00-585.0%20.00-40.00-1,152.00-405.6%377.00-55.00-194.00-315.6%90.00
Cash from Operating Activities3,083.002,752.00+21.2%2,271.00-17.6%2,757.00-28.6%3,861.00+34.4%2,873.00+132.3%1,237.00-17.8%1,505.00-0.1%1,507.00
Capital Expenditures-1,008.00-951.00-519.00-1,724.00-462.00-524.00-309.00-404.00-422.00
Net Assets From Acquisitions0.000.000.000.000.000.000.000.00-388.00
Sale of Fixed Assets and Businesses392.00301.00+9933.3%3.00+200.0%1.000.0%1.000.0%1.00-50.0%2.00-97.1%70.00+169.2%26.00
Purchase or Sale of Investments0.000.000.000.000.00-1.000.000.000.00
Purchase of Investments0.000.00-2.00-1.00-1.00-13.000.000.000.00
Sale Or Maturity of Investments0.000.00-100.0%2.00+100.0%1.000.0%1.00-91.7%12.000.000.000.00
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources25.008.00-83.0%47.00+6.8%44.00+193.3%15.00-74.1%58.00+2800.0%2.00-86.7%15.00+36.4%11.00
Cash from Investing Activities-591.00-642.00-469.00-1,679.00-446.00-466.00-305.00-319.00-773.00
Cash Dividends Paid-324.00-326.00-364.00-311.00-306.00-260.00-258.00-265.00-280.00
Change in Capital Stock-954.00-1,364.00-1,507.00-578.00-1,241.00-475.00-95.00-351.00-455.00
Repurchase of Common Pref Stock-955.00-1,365.00-1,509.00-580.00-1,347.00-539.00-100.00-370.00-467.00
Sale of Common Pref Stock1.001.00-50.0%2.000.0%2.00-98.1%106.00+65.6%64.00+1180.0%5.00-73.7%19.00+58.3%12.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net233.00233.000.000.00-507.00-518.000.00-769.000.00
Change in Long Term Debt987.00987.000.000.00-507.00-518.000.00-769.000.00
Issuance of Long Term Debt987.00987.000.000.000.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.00-507.00-518.000.00-769.000.00
Net Financing Active Other Cash Flow-465.00-318.00-334.00-483.00-646.00-210.00-189.00-198.00-147.00
Other Financing Activities Uses-465.00-318.00-334.00-483.00-646.00-210.00-189.00-198.00-148.00
Cash from Financing Activities-1,509.00-1,775.00-2,205.00-1,372.00-2,700.00-1,463.00-542.00-1,583.00-882.00
Exchange Rate Effect-1.0033.00-15.00-600.0%3.00-20.00-2100.0%1.00-83.3%6.00+200.0%2.00-5.00
Net Change in Cash982.00368.00-418.00-291.00-141.9%695.00-26.5%945.00+138.6%396.00-395.00-153.00
Free Cash Flow2,081.001,802.00+2.7%1,755.00+69.6%1,035.00-69.6%3,408.00+44.5%2,359.00+154.2%928.00-15.7%1,101.00+1.5%1,085.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow ratio9.948.5011.0821.285.617.2912.4312.6512.64
Deferred Taxes & Investment Tax Credit-6.00-115.00-242.0%81.00-107.00-196.00-74.00-149.7%149.00+91.0%78.00

Balance sheet, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Cash & Short Term Investments2,820.00+53.4%2,480.00+47.1%2,042.00+45.2%1,982.00+22.8%1,838.00-2.1%1,686.00-7.3%1,406.00-20.7%1,614.00-20.6%
Short Term Receivables642.00+6.6%718.00+22.5%726.00+24.7%488.00+20.8%602.00+24.9%586.00+10.4%582.00+8.8%404.00-20.0%
Inventories416.00+13.4%415.00+31.3%371.00+5.7%383.00+22.0%367.00+21.9%316.00+4.6%351.00+29.5%314.00+5.0%
Other Current Assets210.00+22.8%139.00+58.0%252.00+168.1%132.00-29.8%171.00-10.0%88.00-40.9%94.00-32.9%188.00-12.1%
Total Current Assets4,088.00+37.3%3,752.00+40.2%3,391.00+39.4%2,985.00+18.5%2,978.00+4.5%2,676.00-4.5%2,433.00-10.5%2,520.00-17.4%
Net Property, Plant & Equipment7,328.00+1.1%7,143.00+0.8%7,117.00+2.9%7,125.00+1.8%7,245.00+2.2%7,084.00+0.2%6,918.00-4.2%7,001.00-5.4%
Total Investments and Advances40.00+14.3%36.00+2.9%39.00+18.2%33.00+13.8%35.00+25.0%35.00+40.0%33.00+13.8%29.00+11.5%
Intangible Assets2,941.00-1.0%2,952.00-1.0%2,962.00-1.0%2,966.00-1.1%2,972.00-1.2%2,981.00-1.1%2,991.00-1.2%2,999.00-1.1%
Deferred Tax Assets---221.00+31.5%---168.00-4.5%
Other Assets1,683.00+73.0%1,216.00+24.8%1,099.00+17.8%979.00+6.8%973.00+12.0%974.00+12.9%933.00+8.0%917.00+5.8%
Total Assets16,080.00+13.2%15,099.00+9.8%14,608.00+9.8%14,309.00+5.0%14,203.00+2.6%13,750.00-0.2%13,308.00-4.0%13,634.00-6.3%
Short Term Debt Incl. Current Port. of LT Debt115.00+6.5%104.00+6.1%107.00+16.3%110.00+27.9%108.00+25.6%98.00+25.6%92.00+19.5%86.00-10.4%
Accounts Payable777.00+8.5%642.00-4.3%613.00+2.7%681.00+12.9%716.00+27.4%671.00+33.9%597.00+19.2%603.00+428.9%
Income Tax Payable--90.00+4400.0%0.00-100.0%1.00-66.7%18.002.002.00-83.3%
Other Current Liabilities478.00-1.4%26.00-39.5%148.00-40.3%96.00-24.4%485.00+34.0%43.00+152.9%248.00+121.4%127.00-78.0%
Total Current Liabilities1,370.00+4.6%772.00-7.0%958.00+2.0%887.00+8.4%1,310.00+29.3%830.00+39.3%939.00+36.1%818.00+2.2%
Long Term Debt3,541.00+7.7%3,509.00+8.7%3,513.00+9.6%3,526.00+11.6%3,288.00+3.9%3,228.00+2.8%3,204.00+2.0%3,160.00+0.8%
Provision for Risks Charges0.000.000.00309.00+8.4%0.000.000.00285.00-4.0%
Deferred Tax Liabilities832.00-6.2%841.00+0.2%855.00+1.2%1,090.00+4.9%887.00-4.3%839.00-9.4%845.00-14.2%1,039.00-11.6%
Other Liabilities1,438.00+40.6%1,057.00+2.4%1,026.00+0.3%722.00-2.4%1,023.00+2.1%1,032.00+2.2%1,023.00-2.6%740.00-4.0%
Total Liabilities7,181.00+10.3%6,179.00+4.2%6,352.00+5.7%6,534.00+8.1%6,508.00+6.6%5,929.00+4.5%6,011.00+2.5%6,042.00-2.2%
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.00
Common Equity5,731.00+18.2%5,748.00+15.8%5,342.00+11.8%4,838.00-2.9%4,849.00-6.6%4,963.00-9.1%4,780.00-12.1%4,985.00-12.8%
Total Shareholders Equity5,731.00+18.2%5,748.00+15.8%5,342.00+11.8%4,838.00-2.9%4,849.00-6.6%4,963.00-9.1%4,780.00-12.1%4,985.00-12.8%
Accumulated Minority Interest3,168.00+11.3%3,172.00+11.0%2,914.00+15.8%2,937.00+12.7%2,846.00+11.9%2,858.00+8.2%2,517.00-1.5%2,607.00-1.8%
Total Equity8,899.00+15.6%8,920.00+14.1%8,256.00+13.1%7,775.00+2.4%7,695.00-0.5%7,821.00-3.5%7,297.00-8.7%7,592.00-9.3%
Total Liabilities & Stockholders Equity16,080.00+13.2%15,099.00+9.8%14,608.00+9.8%14,309.00+5.0%14,203.00+2.6%13,750.00-0.2%13,308.00-4.0%13,634.00-6.3%
Book Value Per Share per share38.54+25.3%37.92+23.8%34.78+19.8%31.51+7.4%30.75+3.2%30.64+1.2%29.03-1.6%29.34-3.4%
Tangible Book Value Per Share per share18.76+57.6%18.44+50.7%15.49+42.6%12.19+4.3%11.90-5.1%12.24-9.7%10.86-17.0%11.69-18.0%
Full-Time Employees people---2,900+3.6%---2,800+3.7%
Price to Book Ratio ratio3.243.114.122.522.933.172.662.86
Return on Assets %14.4114.5512.5910.419.839.469.838.64
Return on Equity %41.2539.1934.7429.6227.4624.9826.1422.76
Return on Invested Capital %4.707.856.954.834.344.713.914.03
Quick Ratio ratio2.684.323.152.931.992.842.222.70
Current Ratio ratio2.984.863.543.372.273.222.593.08

Cash flow, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Net Income520.00+13.0%869.00+76.6%676.00+92.6%495.00+26.3%460.00+34.9%492.00-2.8%351.00+47.5%392.00+11.4%
Depreciation233.00+7.4%215.00-7.3%228.00+3.2%228.00+3.2%217.00-5.2%232.00+4.5%221.00-12.6%221.00-3.5%
Other Funds (Non Cash)13.00+225.0%210.00+2000.0%-191.00-696.9%101.00+741.7%4.00-42.9%10.0032.0012.00-69.2%
Funds from Operations757.00+3.4%1,281.00+77.4%701.00+21.3%817.00+41.1%732.00+26.6%722.00+14.4%578.00+24.8%579.00-25.2%
Extraordinary Item0.000.000.000.000.000.000.000.00
Changes in Working Capital413.00+24.4%-403.00-205.00-2662.5%-278.00332.00-5.9%-159.008.00-159.00
Cash from Operating Activities1,170.00+10.0%878.00+56.0%496.00-15.4%539.00+28.3%1,064.00+14.3%563.00+18.5%586.00+31.7%420.00-12.5%
Capital Expenditures-282.00-275.00-225.00-226.00-347.00-246.00-132.00-196.00
Net Assets From Acquisitions0.000.000.000.000.000.000.000.00
Sale of Fixed Assets and Businesses158.00+182.1%117.00-51.0%117.00+1850.0%0.00-100.0%56.00239.006.003.00
Purchase or Sale of Investments0.000.000.000.000.000.00-100.0%0.00-1.00
Purchase of Investments0.000.000.000.000.000.000.00-2.00
Sale Or Maturity of Investments0.000.000.000.00-100.0%0.000.00-100.0%0.001.000.0%
Other Uses0.000.000.000.000.000.000.000.00
Other Sources0.00-100.0%25.000.000.008.000.00-100.0%0.00-2.00-140.0%
Cash from Investing Activities-124.00-133.00-108.00-226.00-283.00-7.00-126.00-196.00
Cash Dividends Paid-91.00-77.00-78.00-78.00-81.00-81.00-86.00-86.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.000.000.00
Change in Capital Stock-357.00-225.00-27.00-345.00-360.00-216.00-443.00-375.00
Repurchase of Common Pref Stock-357.00-225.00-28.00-345.00-360.00-216.00-444.00-375.00
Sale of Common Pref Stock0.000.001.000.0%0.000.00-100.0%0.001.000.0%0.00-100.0%
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net0.000.000.00233.000.000.000.000.00
Change in Long Term Debt0.000.000.00987.000.000.000.000.00
Issuance of Long Term Debt0.000.000.00987.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.000.000.000.000.00
Net Financing Active Other Cash Flow-254.000.00-211.000.00-176.000.00-142.00-1.00
Other Financing Activities Uses-254.000.00-211.000.00-176.000.00-142.00-1.00
Cash from Financing Activities-702.00-302.00-316.00-189.00-618.00-297.00-671.00-462.00
Exchange Rate Effect-4.00-5.00-123.8%-12.00-500.0%20.00-11.00-200.0%21.00+2000.0%3.00-25.00-412.5%
Net Change in Cash340.00+123.7%438.00+56.4%60.00144.00152.00+162.1%280.00+508.7%-208.00-263.00
Free Cash Flow888.00+23.8%607.00+90.9%273.00-39.9%313.00+39.1%717.00-9.5%318.00-18.7%454.00+30.8%225.00
Price to Free Cash Flow ratio9.9410.4415.408.1810.4810.388.7410.64

Revenue breakdown

USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.

Region
Name20242025vs 20242025 share
Canada534.00598.00+12.0%8.4%
North America excluding United States and Canada72.0058.00-19.4%0.8%
Other US and Canada584.00712.00+21.9%10.1%
United Kingdom327.00378.00+15.6%5.3%
United States4,419.005,338.00+20.8%75.4%
Total5,936.007,084.00+19.3%100.0%
Segment
Name20242025vs 20242025 share
Ammonia1,736.002,176.00+25.3%30.7%
Ammonium Nitrate419.00421.00+0.5%5.9%
Granular Urea1,600.001,781.00+11.3%25.1%
Other Segments503.00545.00+8.3%7.7%
Urea Ammonium Nitrate1,678.002,161.00+28.8%30.5%
Total5,936.007,084.00+19.3%100.0%

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-306.13%8.9M145.4M2.47M
2026-10-155.87%8.8M150.5M2.54M
2026-09-306.63%10.0M150.5M2.51M
2026-09-156.50%9.8M150.5M2.58M
2026-08-315.54%8.3M150.5M2.55M
2026-08-146.14%9.2M150.5M2.62M
2026-07-315.32%8.0M150.5M2.76M
2026-07-156.06%9.3M152.8M2.96M
2026-06-306.72%10.3M152.8M3.32M
2026-06-156.85%10.5M152.7M3.97M
2026-05-296.16%9.4M152.8M4.77M
2026-05-155.95%9.1M152.8M4.77M
2026-04-305.09%7.8M152.8M4.57M
2026-04-155.21%7.9M152.3M4.44M
2026-03-314.76%7.2M152.3M4.17M
2026-03-135.88%9.0M152.3M3.25M
2026-02-277.11%10.8M152.3M2.37M
2026-02-137.33%11.3M154.5M2.34M
2026-01-307.08%10.9M154.5M2.46M
2026-01-158.33%12.9M154.5M2.42M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call70.0053.7056.7052.549.1973.000.000.995-0.2570.001
call75.0048.9051.8047.818.4193.008.000.994-0.2540.001
call80.0043.7046.1042.846.6804.0010.000.994-0.2500.001
call85.0038.6041.7037.546.6411.002.000.993-0.2460.001
call90.0033.8036.8032.755.9711.000.000.992-0.2400.001
call95.0028.7031.7027.805.1351.000.000.990-0.2340.002
call96.0027.7030.7024.694.9914.000.000.990-0.2330.002
call97.0026.9029.7023.754.8471.000.000.990-0.2320.002
call98.0026.0028.7024.804.7042.000.000.989-0.2300.002
call99.0024.7027.700.004.5620.000.000.989-0.2290.002
call10024.1026.7018.054.4213.000.000.989-0.2270.002
call10123.1025.7019.424.2802.000.000.988-0.2250.002
call10221.7024.7018.454.1400.000.000.988-0.2240.002
call10321.0023.1017.523.5012.000.000.987-0.2220.002
call10420.0022.7018.803.8602.000.000.987-0.2200.002
call10519.1021.1015.383.2451.000.000.986-0.2180.002
call10618.0020.7014.013.5832.000.000.976-0.3690.003
call10717.1019.1015.772.9904.000.000.975-0.3650.004
call10816.1018.7014.803.3060.000.000.964-0.4910.005
call10914.7017.200.002.8110.000.000.963-0.4840.005
call11014.1016.1012.802.6071.000.000.961-0.4760.005
call11113.1015.8011.802.9542.000.000.959-0.4690.005
call11212.0014.8010.652.8135.000.000.956-0.4600.006
call11311.1013.807.322.6723.000.000.949-0.4930.006
call11410.1012.707.102.4714.000.000.939-0.5530.007
call1159.1011.8010.002.3875.004.000.926-0.6230.008
call1168.1010.204.851.8953.000.000.920-0.6090.009
call1177.109.405.761.8811410.000.875-0.9100.012
call1186.108.804.841.94976.000.000.849-1.0050.014
call1195.107.304.801.54317.001.000.803-1.2300.017
call1204.206.202.701.34742.003.000.785-1.1620.017
call1213.204.504.500.82650.0011.000.789-0.8920.017
call1222.404.003.500.95262.0068.000.734-0.9690.020
call1231.703.802.991.1561071.000.649-1.2030.022
call1241.102.952.211.03756.001.000.586-1.1060.023
call1250.551.351.520.58254.0011.000.499-0.9340.024
call1260.201.700.750.76921.006.000.412-1.0410.023
call1270.051.000.600.77323.005.000.336-1.0190.022
call1280.050.550.400.68511.001.000.257-0.8780.019
call1290.000.550.250.8044.001.000.222-0.9150.018
call1300.000.300.090.74510.000.000.167-0.7570.015
call1310.000.600.300.82036.000.000.168-0.8830.016
call1320.000.750.100.9353.000.000.136-0.8060.013
call1330.000.951.431.0252.000.000.123-0.8050.012
call1340.000.751.751.11211.000.000.109-0.7850.011
call1350.000.750.451.19810.000.000.100-0.7790.010
call1360.000.750.511.2811.000.000.092-0.7700.010
call1370.000.850.001.3580.000.000.084-0.7580.009
call1380.000.850.001.4380.000.000.079-0.7590.009
call1390.000.850.001.5180.000.000.076-0.7760.009
call1400.000.750.601.59734.000.000.073-0.7920.008
call1410.000.850.001.6670.000.000.070-0.8020.008
call1420.000.850.001.7410.000.000.068-0.8140.008
call1430.000.850.001.8180.000.000.065-0.8300.008
call1440.000.800.001.8860.000.000.063-0.8380.007
call1450.000.350.351.84147.000.000.062-0.7770.008
call1500.000.850.002.3020.000.000.054-0.9020.007
call1550.001.200.402.6201.000.000.048-0.9430.006
call1600.002.150.002.9210.000.000.044-0.9780.006
call1650.001.300.003.2060.000.000.041-1.0080.005
call1700.001.050.003.4780.000.000.038-1.0350.005
call1750.001.300.003.7380.000.000.036-1.0600.005
call1800.001.300.003.9870.000.000.034-1.0820.005
put70.000.002.150.004.9340.000.00-0.005-0.2560.001
put75.000.002.150.004.3940.000.00-0.006-0.2520.001
put80.000.002.150.003.8850.000.00-0.006-0.2470.001
put85.000.002.150.003.4040.000.00-0.007-0.2420.001
put90.000.002.150.002.9470.000.00-0.008-0.2360.001
put95.000.002.150.312.5107.000.00-0.010-0.2300.002
put96.000.002.150.002.4250.000.00-0.010-0.2280.002
put97.000.002.150.102.3401.000.00-0.010-0.2270.002
put98.000.000.850.002.2470.000.00-0.011-0.2230.002
put99.000.000.850.352.1733.000.00-0.011-0.2240.002
put1000.000.850.452.08512.000.00-0.011-0.2210.002
put1010.000.850.402.0032.000.00-0.012-0.2190.002
put1020.000.850.751.9255.000.00-0.012-0.2180.002
put1030.000.850.251.8447.000.00-0.013-0.2160.002
put1040.000.851.451.7634.000.00-0.013-0.2140.002
put1050.000.050.431.32110.000.00-0.016-0.1590.003
put1060.000.851.261.7823.000.00-0.024-0.3640.003
put1070.002.100.151.69517.000.00-0.025-0.3590.004
put1080.000.150.251.5224.000.00-0.037-0.4040.005
put1090.001.650.401.63813.000.00-0.037-0.4780.005
put1100.000.900.031.54734.000.00-0.039-0.4700.005
put1110.000.900.201.4563.000.00-0.041-0.4630.005
put1120.000.750.051.36641.000.00-0.044-0.4540.006
put1130.000.900.381.2751110.00-0.051-0.4870.006
put1140.000.900.131.18425.000.00-0.061-0.5470.007
put1150.000.250.231.0931,0560.00-0.074-0.6180.008
put1160.000.150.151.00114.001.00-0.081-0.6040.009
put1170.000.450.051.07817.001.00-0.125-0.9030.012
put1180.000.301.550.97410.000.00-0.151-1.0010.014
put1190.000.701.641.1241230.00-0.196-1.2230.017
put1200.000.700.390.99942.0014.00-0.215-1.1540.017
put1210.050.650.050.8714.005.00-0.211-0.8850.017
put1220.050.655.190.7372.000.00-0.266-0.9610.020
put1230.100.905.890.7163.000.00-0.351-1.1960.022
put1240.400.959.030.5750.000.00-0.414-1.0980.023
put1250.401.755.290.7201.000.00-0.501-0.9260.024
put1260.802.300.000.7150.000.00-0.588-1.0330.023
put1271.203.100.000.7850.000.00-0.664-1.0110.022
put1282.154.000.000.8790.000.00-0.743-0.8700.019
put1292.754.900.000.9570.000.00-0.778-0.9060.018
put1303.905.900.001.0820.000.00-0.833-0.7510.015
put1314.607.200.001.3640.000.00-0.840-0.8430.015
put1325.308.0011.591.3681.000.00-0.863-0.7990.013
put1336.309.0012.511.4781.000.00-0.877-0.7980.012
put1347.309.9011.251.5200.000.00-0.890-0.7770.011
put1358.3010.9012.251.6212.000.00-0.900-0.7710.010
put1369.3011.9013.251.7201.000.00-0.908-0.7620.010
put13710.3013.000.001.8850.000.00-0.915-0.7520.009
put13811.3014.0015.241.9810.000.00-0.921-0.7530.009
put13912.3015.100.002.1440.000.00-0.924-0.7680.009
put14013.3016.1017.322.2370.000.00-0.927-0.7820.008
put14114.3017.4018.352.5330.000.00-0.930-0.7960.008
put14215.9018.5019.352.6920.000.00-0.932-0.8080.008
put14316.3019.2020.302.5790.000.00-0.935-0.8200.008
put14417.3020.1021.302.5930.000.00-0.937-0.8320.007
put14518.3021.100.002.6780.000.00-0.939-0.8430.007
put15023.3026.300.003.2440.000.00-0.946-0.8910.007
put15528.3031.1032.613.4640.000.00-0.952-0.9310.006
put16033.3036.1037.583.8200.000.00-0.956-0.9650.006
put16538.3041.0042.254.0560.000.00-0.959-0.9950.005
put17043.3046.0047.244.3710.000.00-0.962-1.0220.005
put17548.9051.000.004.6710.000.00-0.964-1.0460.005
put18053.3056.000.004.9580.000.00-0.966-1.0670.005

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-048-KCurrent report2026-11-04SEC
2026-11-048-KCurrent report2026-11-04SEC
2026-09-038-KCurrent report2026-08-31SEC
2026-08-14SCHEDULE 13GSEC
2026-08-0610-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-058-KCurrent report2026-08-05SEC
2026-08-058-KCurrent report2026-08-05SEC
2026-05-284Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-283Initial statement of beneficial ownership of securities2026-05-26SEC
2026-05-22144Filing for proposed sale of securities under Rule 144.SEC
2026-05-0710-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC
2026-05-068-KCurrent report2026-05-06SEC
2026-05-068-KCurrent report2026-05-06SEC
2026-05-058-KCurrent report2026-05-05SEC
2026-05-048-KCurrent report2026-04-28SEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-28SEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-28SEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-28SEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-28SEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-28SEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-28SEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-28SEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-28SEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-28SEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-28SEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-28SEC
2026-04-29SCHEDULE 13GSEC
2026-04-29SCHEDULE 13GSEC
2026-04-083Initial statement of beneficial ownership of securities2026-04-01SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030049.98M24
2026-020022.20M5
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.8.48%
VANGUARD CAPITAL MANAGEMENT LLC6.54%
STATE STREET CORP5.67%
VANGUARD PORTFOLIO MANAGEMENT LLC5.55%
PRICE T ROWE ASSOCIATES INC /MD/5.52%
GEODE CAPITAL MANAGEMENT, LLC2.84%
Capital World Investors2.32%
FMR LLC2.16%
Allianz Asset Management GmbH2.02%
NORTHERN TRUST CORP2.01%

Funds

Fund% owned
Performance Trust Total Return Bond Fund89.03%
Baird Core Plus Bond Fund7.11%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.18%
VANGUARD 500 INDEX FUND2.59%
VANGUARD SMALL-CAP INDEX FUND2.29%
Investment Grade Bond Fund2.10%
Baird Aggregate Bond Fund1.95%
American Balanced Fund1.76%
VANGUARD SMALL-CAP VALUE INDEX FUND1.45%
Avantis Core Fixed Income ETF1.42%

OakChart. CF. Cached 15 minutes. Terms