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CF Industries10-K: Customer concentration

Largest customer, CHS, accounted for 13% of consolidated net sales in 2025

Read at SEC EDGAR

What happened

The company has a significant revenue dependency on its largest customer, CHS. Any change in this strategic relationship could materially impact financial results, creating pressure to diversify its customer base and strengthen other sales channels.

Source

SEC EDGARFeb 25, 2026

Annual report (Form 10-K)

CF Industries 10-K for FY2025

Filing excerpt

CHS was our largest customer in 2025 and accounted for approximately 13% of our consolidated net sales.

sec.gov/Archives/edgar/data/1324404/000132440426000007/cf-20251231.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Customer concentration

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 25, 2026

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The full record

From the Signal API record

Numbers

Percent
13% (percentage of consolidated net sales from largest customer (CHS) in 2025)

Details

CIK
1324404
Accession number
0001324404-26-000007
Timeframe
Current year
Filing year
2026
Why it matters
Diversification strategy
Signal category
Market

Topics and mentions

Vendors

  • CHS

Extraction

Confidence
High
Relevance
90%
Sentiment
Neutral
Detected
Mar 3, 2026
signal_type
sec-10k
signal_subtype
customerConcentration

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
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Show the full JSONThe record on this page and the API request

GET /v1/signals/6c4d2dfe-a1b4-42e5-9842-34114b7aedfb returns this record as JSON. POST /v1/companies/enrich returns every signal for cfindustries.com.

{
  "signal_id": "6c4d2dfe-a1b4-42e5-9842-34114b7aedfb",
  "signal_type": "sec-10k",
  "signal_subtype": "customerConcentration",
  "detected_at": "2026-03-03T06:03:30.137+00:00",
  "company": {
    "name": "CF Industries",
    "domain": "cfindustries.com"
  },
  "data": {
    "detail": "The company has a significant revenue dependency on its largest customer, CHS. Any change in this strategic relationship could materially impact financial results, creating pressure to diversify its customer base and strengthen other sales channels.",
    "metrics": {
      "pct": 0.13,
      "timeframe": "current_year",
      "pct_context": "percentage of consolidated net sales from largest customer (CHS) in 2025"
    },
    "summary": "Largest customer, CHS, accounted for 13% of consolidated net sales in 2025",
    "excerpts": "CHS was our largest customer in 2025 and accounted for approximately 13% of our consolidated net sales.",
    "relevance": 0.9,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1324404/000132440426000007/cf-20251231.htm",
    "filing_date": "2026-02-25",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Diversification strategy",
    "signal_category": "market",
    "vendors_mentioned": [
      "CHS"
    ]
  }
}

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