CF Industries Holdings, Inc. Financial Ratios — CF Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	35.81	35.38	26.68	29.94	16.98	-7.5	10.34	8.87	16.84	10.9	29.93	81.05	28.32	22.76	29.62
Return on Assets (%)	17.36	19.32	14.05	12.68	5.85	-1.99	2.5	2.22	3.97	2.62	7.52	26.05	11.02	8.75	10.56
Return on Capital (%)	21.43	25.52	18.15	16.39	7.74	- -	- -	3.03	5.19	3.8	7.32	28.95	11.72	9.58	11.04
Return on Invested Capital (%)	27.1	26.11	19.36	11.6	8.64	- -	- -	5.18	7.7	5.66	18.2	41.28	16.22	12.77	17.14
Gross Margin (%)	47.49	51	46.03	37.49	35.91	22.88	10.51	20.7	25.58	19.42	36.51	52.4	38.38	34.64	38.45
EBITDA Margin (%)	52.18	55.04	50.3	41.94	41.78	34.36	27.05	36.35	39.41	36.13	46.99	57.4	47.07	44.41	46.2
Operating Margin (%)	45.35	48.16	42.8	33.65	30.64	15.96	5.67	16.3	20.35	14.5	33.4	49.8	33.96	28.82	33.53
Incremental Operating Margin (%)	79.34	2,852.46	94.74	102.15	63.45	117.5	-79.55	163.21	131.68	72.1	65.7	72.87	72.86	77.84	57.84
Pretax Margin (%)	43.39	46.35	40.36	46.11	24.56	-6.13	-3.03	12.35	16.82	11.23	23.6	45.55	33.9	29.68	31.61
Profit Margin (%)	25.24	30.29	26.75	29.31	16.25	-7.52	8.67	6.55	10.74	7.69	14.03	29.91	23	20.52	20.54
Net Income to Common Margin (%)	25.24	30.29	26.75	29.31	16.25	-7.52	8.67	6.55	10.74	7.69	14.03	29.91	23	20.52	20.54
Effective Tax Rate (%)	35.02	34.08	31.07	35.35	37.43	- -	- -	21.76	16.32	6.7	18.34	22.73	18.24	16.17	19.7
Dvd Payout Ratio (%)	3.46	5.14	8.06	17.25	36.72	-717.95	51.66	49.47	33.17	47.17	16.22	6.76	14.46	20.97	15.23
Sustainable Growth Rate (%)	34.57	33.57	24.53	24.77	10.75	-61.38	5	4.48	11.25	5.76	25.07	75.57	24.23	17.99	25.11

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	1,618	1,605	3,098	4,592	5,537	5,778	4,692	4,698	4,240	4,223	3,716	3,225	3,232	3,246	3,636
ST Debt	- -	5	- -	- -	- -	- -	- -	- -	90	337	89	93	96	86	110
LT Debt	1,618	1,600	3,098	4,592	5,537	5,778	4,692	4,698	4,150	3,886	3,627	3,132	3,136	3,160	3,526
Total Debt/EBITDA	0.51	0.48	1.12	2.31	3.08	4.56	4.2	2.92	2.34	2.83	1.21	0.5	1.04	1.23	1.11
Net Debt/EBITDA	0.13	-0.2	0.5	1.31	2.92	3.64	3.45	2.49	2.03	2.2	0.6	0.1	0.3	0.51	0.38
Total Debt/EBIT	0.58	0.55	1.32	2.88	4.19	9.83	20.05	6.51	4.54	7.06	1.7	0.58	1.44	1.9	1.53
Net Debt/EBIT	0.15	-0.23	0.59	1.63	3.98	7.85	16.48	5.56	3.93	5.48	0.84	0.12	0.42	0.79	0.52
EBITDA to Interest Expense	29.76	32.55	20.13	11.91	15.52	8.98	3.74	7.06	8.08	8.05	17.55	19.11	21.67	18.96	22.57
EBITDA-CapEx/Interest Expense	27.45	27.48	14.11	1.08	-5.77	-6.7	2.15	5.21	6.27	6.38	14.56	17.74	9.7	15.22	16.01
EBIT to Interest Expense	25.87	28.48	17.13	9.56	11.38	4.17	0.78	3.17	4.17	3.23	12.48	16.58	15.64	12.31	16.38
Interest Expense	107	103	137	167	116	141	299	228	224	185	175	336	144	139	145
Common Equity/Total Assets	50.67	58.05	47.54	37.41	31.81	22.13	26.58	23.36	23.8	24.3	25.91	37.94	39.77	37.02	34.34
Long-Term Debt/Equity (%)	32.8	25.47	56.97	100.44	126.21	89	70.2	81.98	73.62	69.36	60.09	39.88	37.45	41.62	45.35
Long-Term Debt/Capital (%)	24.7	20.29	36.29	50.11	55.79	47.09	41.24	45.05	42.02	39.55	37.19	28.27	27.02	29.16	30.9
Long-Term Debt/Total Assets (%)	18.03	15.74	29.01	40.81	43.66	38.19	34.85	37.11	34.09	32.32	29.31	23.53	21.81	23.47	25.03
Total Debt/Equity (%)	32.8	25.55	56.97	100.44	126.21	89	70.2	81.98	75.22	75.37	61.56	41.07	38.6	42.76	46.77
Total Debt/Capital (%)	24.7	20.35	36.29	50.11	55.79	47.09	41.24	45.05	42.93	42.98	38.11	29.11	27.85	29.95	31.86
Total Debt/Total Assets (%)	18.03	15.79	29.01	40.81	43.66	38.19	34.85	37.11	34.83	35.12	30.03	24.22	22.48	24.11	25.81
Net Debt to Equity	8.33	-10.66	25.51	56.77	119.69	71.07	57.7	70.08	65.11	58.5	30.43	8.18	11.18	17.87	15.86
Net Debt/Capital (%)	7.69	-11.94	20.32	36.21	54.48	41.55	36.59	41.2	38.27	35.85	22.61	7.33	9.78	14.71	13.08
EBITDA	3,182	3,359	2,754	1,989	1,800	1,266	1,117	1,610	1,809	1,490	3,072	6,421	3,121	2,636	3,273
EBITDA-CapEx	2,935	2,836	1,930	180	-669	-945	644	1,188	1,405	1,181	2,548	5,959	1,397	2,115	2,322
Operating Income (Loss)	2,766	2,940	2,343	1,596	1,320	588	234	722	934	598	2,184	5,571	2,252	1,711	2,375

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	1.17	2.39	2.07	2.04	0.24	1.7	1.44	0.97	0.43	0.75	1.14	2.33	2.54	1.97	2.23
Current Ratio	1.74	2.95	3.18	2.58	0.93	3.87	2.53	1.81	1.46	1.51	1.81	3.69	3.81	3.08	3.37
Quick Ratio	1.43	2.62	2.34	2.23	0.46	2.04	1.97	1.3	0.8	1.05	1.48	2.92	3.17	2.47	2.78
CFO/Avg Current Liab	2.1	2.4	1.65	1.57	1.1	0.65	2.58	2.33	2.2	1.57	2.46	3.18	3.07	2.81	3.23
Common Equity/Total Assets	50.67	58.05	47.54	37.41	31.81	22.13	26.58	23.36	23.8	24.3	25.91	37.94	39.77	37.02	34.34
Long-Term Debt/Equity (%)	32.8	25.47	56.97	100.44	126.21	89	70.2	81.98	73.62	69.36	60.09	39.88	37.45	41.62	45.35
Long-Term Debt/Capital (%)	24.7	20.29	36.29	50.11	55.79	47.09	41.24	45.05	42.02	39.55	37.19	28.27	27.02	29.16	30.9
Long-Term Debt/Total Assets (%)	18.03	15.74	29.01	40.81	43.66	38.19	34.85	37.11	34.09	32.32	29.31	23.53	21.81	23.47	25.03
Total Debt/Equity (%)	32.8	25.55	56.97	100.44	126.21	89	70.2	81.98	75.22	75.37	61.56	41.07	38.6	42.76	46.77
Total Debt/Capital (%)	24.7	20.35	36.29	50.11	55.79	47.09	41.24	45.05	42.93	42.98	38.11	29.11	27.85	29.95	31.86
Total Debt/Total Assets (%)	18.03	15.79	29.01	40.81	43.66	38.19	34.85	37.11	34.83	35.12	30.03	24.22	22.48	24.11	25.81
CFO/Total Liabilities	51.44	61.15	27.99	21.27	14.55	7.14	24.06	21.6	23.03	19.17	45.32	70.6	45.93	38.66	43.59
CFO/CapEx	8.41	4.54	1.78	0.79	0.49	0.28	3.45	3.55	3.73	3.98	5.48	8.34	1.6	4.36	2.89
Altman's Z-Score	4.34	4.82	3.9	2.97	1.95	1.4	1.73	1.91	2.06	1.75	3.15	5.24	3.53	3.32	3.18

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	24.11	25.43	24.99	23.1	21.77	16.86	15.76	16.94	20.18	17.01	18.16	22.24	13.25	14.18	17.24
Days Sales Outstanding	15.14	14.35	14.61	15.8	16.76	21.64	23.15	21.55	18.09	21.46	20.1	16.41	27.55	25.73	21.18
Inventory Turnover	11.15	10.28	10.7	12.43	10.54	8.61	12.04	12.03	10.35	10.42	11.95	12.07	10.57	12.66	12.51
Days Inventory Outstanding	32.74	35.52	34.11	29.37	34.63	42.38	30.32	30.35	35.26	35.04	30.56	30.23	34.53	28.83	29.17
Accounts Payable Turnover	7.59	27.35	20.61	24.65	35.37	32.13	40.36	35.46	38.64	39.99	43.82	62.32	44.19	32.59	32.45
Accounts Payable Turnover Days	48.06	13.35	17.71	14.81	10.32	11.36	9.04	10.29	9.45	9.13	8.33	5.86	8.26	11.2	11.25
Cash Conversion Cycle	-0.18	36.53	31.01	30.37	41.07	52.67	44.43	41.6	43.9	47.37	42.32	40.78	53.82	43.37	39.1
Inventory to Cash Days	-17.6	-21.17	-19.5	-13.57	-17.87	-20.74	-7.16	-8.8	-17.17	-13.58	-10.46	-13.82	-6.98	-3.1	-8
Inventories	304	278	274	203	321	339	275	309	351	287	408	474	299	314	383
Raw Materials	59	66	23	23	35	60	42	37	40	41	50	37	43	51	51
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	245	212	251	180	286	279	233	272	311	246	358	437	256	263	332
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	9,486	12,788	13,015	13,174	9,512	7,338	9,924	9,695	10,313	8,282	14,692	16,665	14,961	14,494	11,876
- Cash & Cash Equivalents	1,207	2,275	1,711	1,997	286	1,164	835	682	287	683	1,628	2,323	2,032	1,614	1,982
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	386	380	362	363	352	3,144	3,105	2,773	2,740	2,681	2,830	2,802	2,656	2,607	2,937
+ Total Debt	1,618	1,605	3,098	4,592	5,537	5,778	4,692	4,698	4,240	4,223	3,716	3,225	3,232	3,246	3,636
Enterprise Value	10,283	12,499	14,765	16,132	15,115	15,096	16,886	16,484	17,006	14,503	19,610	20,369	18,817	18,733	16,467
Total Capital	6,551	7,887	8,536	9,165	9,924	12,270	11,376	10,429	9,877	9,826	9,752	11,078	11,605	10,838	11,411
Total Debt/Capital (%)	24.7	20.35	36.29	50.11	55.79	47.09	41.24	45.05	42.93	42.98	38.11	29.11	27.85	29.95	31.86
Total Debt / EV	0.16	0.13	0.21	0.28	0.37	0.38	0.28	0.29	0.25	0.29	0.19	0.16	0.17	0.17	0.22
EV/Sales	1.69	2.05	2.7	3.4	3.51	4.1	4.09	3.72	3.71	3.52	3	1.82	2.84	3.16	2.32
EV/EBITDA	3.23	3.72	5.36	8.11	8.4	11.92	15.12	10.24	9.4	9.73	6.38	3.17	6.03	7.11	5.03
EV/EBIT	3.72	4.25	6.3	10.11	11.45	25.67	72.16	22.83	18.21	24.25	8.98	3.66	8.36	10.95	6.93
EV/Cash Flow to Firm	4.79	5.11	9.46	10.55	11.81	21.1	30.45	9.84	10.05	10.33	6.5	4.95	6.55	7.85	5.74
EV/Free Cash Flow to Firm	4.29	4.21	6.19	4.83	4.03	5.16	16.43	7.86	8.11	8.47	5.54	4.45	4.09	6.44	4.31
Diluted Market Cap	10,150	13,144	13,797	13,982	9,635	7,338	9,950	10,173	10,579	8,330	15,303	17,398	15,407	15,417	12,545
Diluted Enterprise Value	10,947	12,854	15,546	16,941	15,238	15,096	16,912	16,962	17,272	14,551	20,221	21,102	19,263	19,656	17,136
EV per Share	31.44	39.71	52.88	66.75	64.85	64.76	72.38	73.98	78.72	67.79	94.47	104.14	99.99	110.27	107.24
TTM Sales	6,098	6,104	5,475	4,743	4,308	3,685	4,130	4,429	4,590	4,124	6,538	11,186	6,631	5,936	7,084
TTM EBITDA	3,182	3,359	2,754	1,989	1,800	1,266	1,117	1,610	1,809	1,490	3,072	6,421	3,121	2,636	3,273
TTM Operating Income	2,766	2,940	2,343	1,596	1,320	588	234	722	934	598	2,184	5,571	2,252	1,711	2,375
TTM Cash Flow to Firm	2,148	2,444	1,561	1,529	1,280	716	555	1,675	1,692	1,404	3,016	4,115	2,875	2,388	2,868
TTM Free Cash Flow to Firm	2,396	2,967	2,385	3,338	3,749	2,927	1,028	2,097	2,096	1,713	3,540	4,577	4,599	2,909	3,819

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	4.36	4.53	6.02	4.33	2.62	2.59	4.73	5.3	5.54	5.41	4.5	4.03	3.44	5.52	3.39
EV/EBIT	3.72	4.25	6.3	10.11	11.45	25.67	72.16	22.83	18.21	24.25	8.98	3.66	8.36	10.95	6.93
Enterprise Value	10,283	12,499	14,765	16,132	15,115	15,096	16,886	16,484	17,006	14,503	19,610	20,369	18,817	18,733	16,467
Low Price	23.07	29.92	33.87	44.02	39.64	20.77	25.04	35.7	38.9	19.73	38.06	63.1	60.08	69.13	67.34
EV/Sales	1.69	2.05	2.7	3.4	3.51	4.1	4.09	3.72	3.71	3.52	3	1.82	2.84	3.16	2.32
EV/EBITDA	3.23	3.72	5.36	8.11	8.4	11.92	15.12	10.24	9.4	9.73	6.38	3.17	6.03	7.11	5.03
Price/Earnings	6.54	7.02	9.37	10.04	13.72	- -	27.75	34.9	21.32	26.24	16.6	5.18	10.08	12.64	8.62
Price/Earnings Average	6.64	6.67	8.12	9.26	18.95	-23.87	21	35.42	20.24	22.1	12.13	5.73	9.83	11.9	9.48
Price/Earnings High	8.69	7.88	9.63	10.69	23.64	-34.46	28.32	45.32	24.63	32.67	17.53	7.27	11.56	13.99	11.64
Price/Earnings Low	5.2	5.17	6.81	8.11	13.32	-17.48	16.33	28.63	17.37	13.38	8.92	3.83	7.62	10.24	7.5
Price/Book Value	2.09	2.17	2.56	3.13	2.36	2.19	2.77	3.28	3.56	2.83	4.58	3.3	2.62	2.91	2.45
Price/Book Value Average	2.12	2.06	2.22	2.89	3.26	1.97	2.1	3.33	3.38	2.39	3.35	3.65	2.55	2.74	2.7
Price/Book Value High	2.77	2.43	2.63	3.33	4.06	2.85	2.83	4.26	4.11	3.53	4.84	4.63	3	3.22	3.32
Price/Book Value Low	1.66	1.6	1.86	2.53	2.29	1.45	1.63	2.69	2.9	1.44	2.46	2.44	1.98	2.36	2.14
Price/Tangible Book Value	3.91	3.38	4.44	6.35	6.39	8.39	9.2	19.79	24.44	18.65	13.73	5.66	5.57	7.3	6.34
Price/Tangible Book Value Average	3.97	3.2	3.84	5.86	8.83	7.56	6.96	20.08	23.2	15.71	10.04	6.26	5.44	6.87	6.98
Price/Tangible Book Value High	5.19	3.79	4.56	6.76	11.01	10.91	9.39	25.7	28.23	23.22	14.51	7.94	6.4	8.08	8.57
Price/Tangible Book Value Low	3.11	2.49	3.22	5.13	6.21	5.53	5.41	16.23	19.91	9.51	7.38	4.19	4.21	5.91	5.52
Price/Sales	1.65	2.13	2.51	2.94	2.23	1.99	2.41	2.29	2.29	2.02	2.33	1.55	2.32	2.59	1.77
Price/Sales Average	1.68	2.02	2.17	2.71	3.08	1.79	1.82	2.32	2.17	1.7	1.7	1.71	2.26	2.44	1.95
Price/Sales High	2.19	2.39	2.58	3.13	3.84	2.59	2.45	2.97	2.65	2.51	2.46	2.17	2.66	2.87	2.39
Price/Sales Low	1.31	1.57	1.82	2.38	2.17	1.31	1.42	1.87	1.87	1.03	1.25	1.15	1.75	2.1	1.54
Price/Cash Flow	4.84	5.46	9.36	9.82	7.96	11.89	6.09	6.76	6.98	6.76	5.3	4.49	5.57	6.78	4.56
Price/Cash Flow Average	4.91	5.19	8.11	9.06	10.99	10.72	4.61	6.86	6.63	5.69	3.87	4.97	5.44	6.38	5.01
Price/Cash Flow High	6.43	6.13	9.61	10.46	13.71	15.47	6.22	8.78	8.07	8.41	5.6	6.31	6.4	7.5	6.15
Price/Cash Flow Low	3.85	4.02	6.8	7.93	7.73	7.85	3.58	5.55	5.69	3.44	2.85	3.33	4.21	5.49	3.97
Price/Free Cash Flow Average	4.43	4.3	5.22	3.99	3.62	2.34	3.58	5.38	5.26	4.56	3.29	4.46	3.35	5.2	3.73
Price/Free Cash Flow High	5.8	5.09	6.19	4.61	4.52	3.38	4.83	6.88	6.4	6.73	4.76	5.66	3.95	6.11	4.58
Price/Free Cash Flow Low	3.47	3.34	4.38	3.5	2.55	1.71	2.78	4.35	4.52	2.76	2.42	2.98	2.6	4.47	2.95
EV/Sales Average	1.71	1.94	2.38	3.19	4.35	3.9	3.5	3.75	3.59	3.2	2.39	1.98	2.78	3.01	2.49
EV/Sales High	2.2	2.3	2.76	3.58	5.11	4.7	4.14	4.38	4.05	4.01	3.13	2.42	3.17	3.42	2.91
EV/Sales Low	1.37	1.5	2.05	2.87	3.45	3.42	3.1	3.33	3.29	2.53	1.96	1.43	2.29	2.69	2.11
EV/EBITDA Average	3.28	3.53	4.73	7.6	10.41	11.35	12.96	10.33	9.11	8.86	5.1	3.45	5.91	6.78	5.4
EV/EBITDA High	4.21	4.19	5.49	8.54	12.22	13.67	15.3	12.04	10.29	11.09	6.65	4.22	6.74	7.7	6.3
EV/EBITDA Low	2.62	2.72	4.07	6.84	8.25	9.95	11.46	9.16	8.35	7.01	4.17	2.5	4.86	6.06	4.56
EV/EBIT Average	3.77	4.03	5.56	9.47	14.2	24.44	61.85	23.03	17.65	22.07	7.17	3.98	8.19	10.45	7.44
EV/EBIT High	4.85	4.78	6.45	10.65	16.66	29.43	73.04	26.84	19.92	27.64	9.36	4.86	9.34	11.86	8.69
EV/EBIT Low	3.02	3.11	4.78	8.52	11.24	21.43	54.72	20.42	16.16	17.46	5.87	2.88	6.73	9.34	6.29
Last Price	29	40.63	46.61	54.51	40.81	31.48	42.54	43.51	47.74	38.71	70.78	85.2	79.5	85.32	77.34
High Price	38.54	45.6	47.88	58.06	70.32	40.95	43.42	56.51	55.15	48.19	74.77	119.6	91.23	94.46	104.45
Enterprise Value Average	10,428	11,850	13,025	15,114	18,745	14,370	14,472	16,630	16,482	13,195	15,656	22,151	18,446	17,885	17,661
Enterprise Value High	13,403	14,063	15,120	16,990	21,993	17,304	17,091	19,380	18,607	16,531	20,438	27,098	21,024	20,286	20,630
Enterprise Value Low	8,343	9,128	11,207	13,597	14,842	12,600	12,804	14,744	15,096	10,442	12,818	16,047	15,162	15,983	14,931

Shares Outstanding	327	315	279	242	233	233	233	223	216	214	208	196	188	170	154
Diluted Weighted Avg Shares	350	324	296	256	236	233	234	234	222	215	216	204	194	181	162
Basic Weighted Avg Shares	347	320	294	256	235	233	234	233	220	215	215	203	193	180	162
Revenue per Share	17.57	19.1	18.59	18.53	18.31	15.81	17.69	19.04	20.84	19.19	30.41	55.02	34.3	32.9	43.7
EBITDA per Share	9.17	10.51	9.35	7.77	7.65	5.43	4.78	6.92	8.22	6.93	14.29	31.58	16.15	14.61	20.19
Operating Income per Share	7.97	9.2	7.96	6.23	5.61	2.52	1	3.1	4.24	2.78	10.16	27.4	11.65	9.48	14.65
Basic EPS, GAAP	4.44	5.79	4.97	5.43	2.97	-1.19	1.53	1.25	2.24	1.48	4.27	16.46	7.89	6.75	8.98
Basic EPS from Cont Ops	5.07	6.02	5.2	5.61	3.12	-0.68	1.93	1.84	2.93	2.01	5.86	19.37	9.51	8.19	11.09
Diluted EPS, GAAP	4.4	5.71	4.95	5.42	2.96	-1.19	1.53	1.24	2.22	1.47	4.24	16.39	7.87	6.74	8.97
Diluted EPS from Cont Ops	5.03	5.95	5.18	5.6	3.11	-0.68	1.92	1.83	2.92	2.01	5.83	19.28	9.48	8.17	11.09
Dividend per Share	0.2	0.32	0.44	1	1.2	1.2	1.2	1.2	1.2	1.2	1.21	1.51	1.61	2.02	2.01
Cash Flow per Share	5.99	7.44	4.98	5.55	5.13	2.65	6.99	6.44	6.83	5.73	13.36	18.96	14.26	12.59	16.98
Free Cash Flow per Basic Share	5.28	5.8	2.18	-1.52	-5.36	-6.84	4.96	4.62	5	4.29	10.93	16.69	5.34	9.7	11.11
Cash & Equivalents per Share	3.69	7.23	6.13	8.26	1.23	4.99	3.58	3.06	1.33	3.19	7.84	11.88	10.8	9.5	12.91
Book Value per Share	13.9	18.75	18.18	17.42	17.31	14.36	15.34	13.28	13.41	13.66	15.44	25.82	30.38	29.34	31.51
Tangible Book Value per Share	7.43	12.04	10.51	8.59	6.39	3.75	4.63	2.2	1.95	2.08	5.15	15.07	14.26	11.69	12.19

CF Industries Holdings, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)