Company: CF
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001324404-25-000030
Chunk: 25

Company: CF Industries Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 25
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 91 90 1,027 Gross margin$108 $213 $230 $31 $50 $632 Gross margin percentage23.6 %50.4 %44.5 %25.4 %35.7 %38.1 %Three months ended September 30, 2024Net sales$353 $388 $406 $106 $117 $1,370 Cost of sales270 228 272 82 74 926 Gross margin$83 $160 $134 $24 $43 $444 Gross margin percentage23.5 %41.2 %33.0 %22.6 %36.8 %32.4 %Nine months ended September 30, 2025Net sales$1,468 $1,409 $1,597 $340 $398 $5,212 Cost of sales1,038 744 955 268 248 3,253 Gross margin$430 $665 $642 $72 $150 $1,959 Gross margin percentage29.3 %47.2 %40.2 %21.2 %37.7 %37.6 %Nine months ended September 30, 2024Net sales$1,164 $1,252 $1,306 $318 $372 $4,412 Cost of sales869 711 813 262 225 2,880 Gross margin$295 $541 $493 $56 $147 $1,532 Gross margin percentage25.3 %43.2 %37.7 %17.6 %39.5 %34.7 %_______________________________________________________________________________

(1)The cost of ammonia and other products that are upgraded in the production of Granular Urea, UAN, AN and Other products is transferred at cost into the results of those products.

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

Ammonia Segment

Our Ammonia segment produces anhydrous ammonia (ammonia), which is the base product that we manufacture, containing 82% nitrogen and 18% hydrogen. The results of our Ammonia segment consist of sales of ammonia to external customers for its nitrogen content as