# If CF Industries Holdings, Inc. moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/cf-industries · Facet: ripple · Updated: 2026-09-24T12:55:59.194864+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, CF Industries Holdings, Inc. is directly linked to 4 companies (3 supply, 1 revenue relationships) and reaches 8 companies within two hops; the links are backed by 7 dated sources, 2 of them primary filings (as of 2026-09-24).

CF Industries Holdings, Inc. operates across North American nitrogen and ammonia. It is up +74.9% in 2026. The stock (+74.9%) and its supply side (avg +20.1%) are moving in step. Among connected nodes the furthest ahead is Union Pacific Corporation (+27.1%) and the furthest behind is Linde (+13.1%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Natural gas and logistics are core costs, while new low-carbon ammonia capacity depends on industrial-gas and carbon-sequestration partners.

## Demand chain (leading)
- T1 Mitsui & Co. (https://valuechain.wiki/mitsui.md)

## Supply chain (benefiting)
- T1 Linde (https://valuechain.wiki/linde.md)
- T2 ExxonMobil (https://valuechain.wiki/exxonmobil.md)
- T3 Yokogawa Electric (https://valuechain.wiki/yokogawa-electric.md)
- T3 Baker Hughes Company (https://valuechain.wiki/baker-hughes.md)
- T3 Air Liquide (https://valuechain.wiki/air-liquide.md)
- T3 Schlumberger (https://valuechain.wiki/schlumberger.md)
- T3 Kinder Morgan, Inc. (https://valuechain.wiki/kinder-morgan.md)
- T3 Honeywell Technologies (https://valuechain.wiki/honeywell-technologies.md)
- T3 Targa Resources Corp. (https://valuechain.wiki/targa-resources.md)
- T3 Texas Pacific Land Corporation (https://valuechain.wiki/texas-pacific-land.md)
- T1 Union Pacific Corporation (https://valuechain.wiki/union-pacific.md)
- T2 Wabtec Corporation (https://valuechain.wiki/wabtec.md)
- T2 Norfolk Southern (https://valuechain.wiki/norfolk-southern.md)
- T2 Martin Marietta Materials, Inc. (https://valuechain.wiki/martin-marietta-materials.md)
- T3 Caterpillar (https://valuechain.wiki/caterpillar.md)
- T3 Komatsu (https://valuechain.wiki/komatsu.md)
- T2 Vulcan Materials Company (https://valuechain.wiki/vulcan-materials-company.md)

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Full node: https://valuechain.wiki/cf-industries.md · JSON: https://valuechain.wiki/cf-industries.json