Revenue Growth Driven by Higher Realized Prices and/or Volumes
Revenue increased 19.4% YoY from $1.66B to $1.99B in Q1 FY2026, suggesting favorable nitrogen fertilizer pricing dynamics or volume improvements that more than offset any cost headwinds.
CF Industries Holdings, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: CF Industries delivered a strong Q1 FY2026 with revenue surging 19.4% YoY to $1.99B and operating income nearly doubling (+89.7%) to $863M, driven by significantly improved margins and a robust balance sheet.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue increased 19.4% YoY from $1.66B to $1.99B in Q1 FY2026, suggesting favorable nitrogen fertilizer pricing dynamics or volume improvements that more than offset any cost headwinds.
Gross margin expanded 320 basis points to 37.6% while operating margin surged from 27.4% to 43.5% — a 16.1 percentage point improvement — indicating strong operating leverage and cost discipline relative to revenue growth.
Cost of revenue rose only 13.7% YoY to $1.24B versus revenue growth of 19.4%, resulting in gross profit jumping 30.4% to $746M, reflecting improved production economics or lower input costs (e.g., natural gas).
Revenue
$1.99B
++19.42% YoY
EPS (Basic)
$3.99
++115.68% YoY
Gross Margin
37.6%
++3.17% YoY
Operating Income
$863M
++89.67% YoY
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