CF Industries Holdings, Inc. Reports Full Year 2025 Net Earnings of $1.46 Billion, Adjusted EBITDA of $2.89 Billion
By: Corporate Communications
February 18, 2026
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CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, today announced results for the full year and fourth quarter ended December 31, 2025.
Highlights
- Full year 2025 net earnings(1) of $1.46 billion, or $8.97 per diluted share, EBITDA(2) of $2.78 billion, and adjusted EBITDA(2) of $2.89 billion
- Fourth quarter 2025 net earnings of $404 million, or $2.59 per diluted share, EBITDA of $731 million, and adjusted EBITDA of $821 million
- Full year 2025 net cash from operating activities of $2.75 billion; free cash flow(3) of $1.79 billion for same period, which includes cash inflows and outflows associated with the Blue Point joint venture
- Repurchased 16.6 million shares for $1.34 billion during 2025, reducing the Company’s outstanding share count by approximately 10% compared to the end of 2024
“CF Industries delivered outstanding results in 2025, demonstrating the strength of our business and of our team,” said Chris Bohn, president and chief executive officer, CF Industries Holdings, Inc. “We remain committed to creating long-term value for our shareholders through accretive investments both within our cost-advantaged North American manufacturing and distribution network and across our clean energy growth platform as well as through returning capital to shareholders.”
Read the full press release.