Nutrien Ltd. (NTR)

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment markets crop nutrients, crop protection products, seed, and merchandise, as well as provides agronomic application and financing services and solutions; and produces proprietary products, including proprietary crop nutrient, crop protection, and seed products. The Potash segment includes mining and processing of potash. The Nitrogen segment owns and operates ammonia production facilities that offers ammonia, urea, ammonium nitrate (UAN), urea solutions, nitric acid, and ammonium nitrate, as well as environmentally smart nitrogen and ammonium sulfate. The Phosphate segment manufactures and sells solid and liquid phosphate fertilizers, phosphate feed, and purified phosphoric acid, which is used in feed and industrial products. The company was incorporated in 2017 and is headquartered in Saskatoon, Canada.

Ticker: NTR
Exchange: NYSE
Sector: Basic Materials
Industry: Agricultural Inputs
Market cap: $33.97B
52-week range: $54.29 - $85.36

Valuation

Share price: $71.48 (close of Nov 6, 2026)
P/E (TTM): 15.61x
Price to book: 1.32x
Price to free cash flow: 16.36x
Enterprise value: $47.16B
Book value per share: $54.22

Price performance

Period	Change
1 day	-1.01%
5 days	+2.97%
1 month	+0.39%
3 months	+7.07%
6 months	-3.16%
Year to date	+15.81%
1 year	+28.58%
3 years	+32.81%
5 years	+6.75%
All time	+30.56%

Short interest

As of: Oct 15, 2026
Short % of float: 2.31%
Shares short: 10.99M
Days to cover: 4.79
Change since prior report: -14.26%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 8.94%
Return on invested capital: 7.98%
Return on assets: 4.33%
Return on capital employed: 9.05%
Gross margin: 31.05%
Net margin: 8.43%
EBITDA margin: 22.71%
Revenue growth: 3.52%
Net income growth: 236.35%
Free cash flow growth: 40.73%

Cash flow and balance sheet

Free cash flow yield (TTM): 6.11%
Current ratio: 1.41x
Net debt to EBITDA: 2.14x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $26.89B
Cost of revenue: $17.60B
Gross profit: $8.35B
EBITDA: $6.11B
Net income: $2.27B
Earnings per share: $4.66
Interest expense: $687.00M
Shares outstanding: 486.33M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$26.89B	$8.35B	$2.27B	$4.66
2024-12-31	$25.97B	$7.53B	$674.00M	$1.36
2023-12-31	$29.06B	$8.47B	$1.26B	$2.53
2022-12-31	$37.88B	$15.42B	$7.66B	$14.22
2021-12-31	$27.71B	$9.41B	$3.15B	$5.53
2020-12-31	$20.91B	$5.24B	$459.00M	$0.81
2019-12-31	$20.08B	$5.50B	$992.00M	$1.70
2018-12-31	$19.64B	$5.39B	$3.57B	$5.72
2017-12-31	$4.55B	$694.00M	$327.00M	$0.39
2016-12-31	$4.46B	-	$336.00M	-

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	31.05%	8.43%	8.94%	7.98%
2024-12-31	28.99%	2.60%	2.76%	3.81%
2023-12-31	29.16%	4.33%	4.99%	5.49%
2022-12-31	40.71%	20.22%	29.62%	21.83%
2021-12-31	33.95%	11.38%	13.30%	10.98%
2020-12-31	25.06%	2.20%	2.05%	2.67%
2019-12-31	27.39%	4.94%	4.33%	4.55%
2018-12-31	27.46%	18.20%	14.63%	1.23%
2017-12-31	15.26%	7.19%	3.94%	1.64%
2016-12-31	-	7.54%	4.09%	3.24%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$701.00M	$9.35B
2024-12-31	$853.00M	$8.88B
2023-12-31	$941.00M	$8.91B
2022-12-31	$901.00M	$8.04B
2021-12-31	$499.00M	$7.52B
2020-12-31	$1.45B	$10.05B
2019-12-31	$671.00M	$8.55B
2018-12-31	$2.31B	$7.58B
2017-12-31	$116.00M	$3.71B
2016-12-31	$32.00M	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$2.13B	$163.00M
2024-12-31	$1.51B	$37.00M
2023-12-31	$2.65B	-$14.00M
2022-12-31	$5.86B	$63.00M
2021-12-31	$2.11B	$198.00M
2020-12-31	$1.90B	$69.00M
2019-12-31	$1.94B	$104.00M
2018-12-31	$647.00M	$116.00M
2017-12-31	$574.00M	$11.00M

Dividend history

Most recent payment: Sep 29, 2026

Payment date	Dividend per share
2026-09-29	$0.55
2026-06-30	$0.55
2026-03-31	$0.55
2025-06-30	$0.55
2025-03-31	$0.55
2024-12-31	$0.54
2024-09-27	$0.54
2024-06-28	$0.54

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-04	Sep 2026	$0.66
2026-08-05	Jun 2026	$2.57
2026-05-06	Mar 2026	$0.39
2026-02-18	Dec 2025	$0.82
2025-11-05	Sep 2025	$0.84
2025-08-06	Jun 2025	$2.36
2025-05-07	Mar 2025	$0.31
2025-02-19	Dec 2024	$0.31

Filings and sources

Company website: nutrien.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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