Supply Chains to Admire 2023

CF Industries Comparison to Peer Group Operating Margin vs. Inventory Turns (2013 - 2022)

Best Scenario

2014

15.0

2017

14.0

13.0

CF 0.26, 10.99

2018

12.0

2020

2013

2022

11.0

2021

10.0

2019

9.0

2015

2016

8.0

Chemical 0.11, 4.96

7.0

2017

6.0

2014 2013 2016 2015

2018

2019

5.0

2021

2020

2022

4.0

0.05 0.08 0.11 0.14 0.17 0.20 0.23 0.26 0.29 0.32 0.35 0.38 0.41 0.44 0.47 0.50

Operating Margin

Fundamental Average Scores CF Industries = 8 Industry Average = 7

CF Industries Holdings

Chemical Industry

◆ Average (Operating Margin, Inventory Turns)

Source: Supply Chain Insights LLC, Corporate Annual Reports 2013-2022 from YCharts

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