CF Industries Holdings, Inc.

Quality scores

Data as of Sep 5, 2026

7 / 9

Strong

7/9 — SOLID fundamentals (high quality).

PassROA > 0 — ROA last year = 10.33 %
PassFCF > 0 — FCF last year = 1,802.00 mill.
PassFCF > net income (accrual quality) — FCF 1,802.00 vs. net income 1,455.00 (mill.)
PassRising ROA — ROA 10.33 % vs. prior year 9.05 %

FailLower long-term leverage — long-term debt/assets 0.23 vs. prior 0.22
PassRising current ratio (more liquidity) — Current ratio 3.37 vs. prior 3.08
PassNo dilution (shares do not grow) — Shares 153.55 mill. vs. prior 169.88 mill.

Z-Score (original)

3.56

Safe zone

Z''-Score (non-manufacturing)

7.03

Safe zone

Ratio	Value
X1 — Working capital / Total assets	0.15
X2 — Retained earnings / Total assets	0.27
X3 — EBIT / Total assets	0.16
X4 — Market cap / Total liabilities	3.25
X4 — Book equity / Total liabilities	0.77
X5 — Sales / Total assets	0.50