NYSE : NTR
Nutrien Ltd. — Financial statements
Materials · Agricultural Inputs · Canada
Last price 69.42 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 33.16B
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Financial statements
Nutrien Ltd. (NTR) reported revenue of 27.29B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 27.29B | 25.95B | 25.02B | 28.08B | 37.01B | 26.86B |
| Cost of Revenue | 18.54B | 17.60B | 17.49B | 19.61B | 21.59B | 17.45B |
| Gross Profit | 8.75B | 8.35B | 7.53B | 8.47B | 15.42B | 9.41B |
| Selling, General & Admin | 4.05B | 3.92B | 4.08B | 4.11B | 3.99B | 3.63B |
| Other Operating Expenses | 869.00M | 790.00M | 816.00M | 827.00M | 1.53B | 737.00M |
| Operating Expenses | 5.07B | 4.88B | 4.94B | 4.92B | 5.58B | 4.56B |
| Operating Income | 3.68B | 3.47B | 2.59B | 3.55B | 9.84B | 4.85B |
| Interest Expense | -690.00M | -675.00M | -683.00M | -726.00M | -484.00M | -463.00M |
| Interest & Investment Income | 51.00M | 51.00M | 28.00M | 35.00M | 25.00M | 8.00M |
| Earnings From Equity Investments | 29.00M | 37.00M | 130.00M | 101.00M | 247.00M | 89.00M |
| Currency Exchange Gain (Loss) | 4.00M | -9.00M | -360.00M | -91.00M | -31.00M | -42.00M |
| Other Non Operating Income (Expenses) | -59.00M | -59.00M | -60.00M | -97.00M | -96.00M | -7.00M |
| EBT Excluding Unusual Items | 3.02B | 2.81B | 1.65B | 2.77B | 9.50B | 4.43B |
| Merger & Restructuring Charges | -128.00M | -68.00M | -47.00M | -49.00M | -46.00M | -43.00M |
| Gain (Loss) on Sale of Investments | 301.00M | 301.00M | 19.00M | |||
| Asset Writedown | -30.00M | -530.00M | -774.00M | 780.00M | -33.00M | |
| Other Unusual Items | -8.00M | -187.00M | ||||
| Pretax Income | 3.16B | 3.05B | 1.14B | 1.95B | 10.25B | 4.17B |
| Income Tax Expense | 753.00M | 752.00M | 436.00M | 670.00M | 2.56B | 989.00M |
| Earnings From Continuing Operations | 2.41B | 2.30B | 700.00M | 1.28B | 7.69B | 3.18B |
| Net Income to Company | 2.41B | 2.30B | 700.00M | 1.28B | 7.69B | 3.18B |
| Minority Interest in Earnings | -30.00M | -30.00M | -26.00M | -24.00M | -27.00M | -26.00M |
| Net Income | 2.38B | 2.27B | 674.00M | 1.26B | 7.66B | 3.15B |
| Net Income to Common | 2.38B | 2.27B | 674.00M | 1.26B | 7.66B | 3.15B |
| Shares Outstanding (Basic) | 482.35M | 486.33M | 494.20M | 496.38M | 538.48M | 569.66M |
| Shares Outstanding (Diluted) | 482.60M | 486.52M | 494.37M | 496.99M | 540.01M | 571.29M |
| EPS (Basic) | 4.93 | 4.66 | 1.36 | 2.53 | 14.23 | 5.53 |
| EPS (Diluted) | 4.93 | 4.66 | 1.36 | 2.53 | 14.18 | 5.52 |
| Free Cash Flow | 2.23B | 2.15B | 1.54B | 2.67B | 5.86B | 2.11B |
| Free Cash Flow Per Share | 4.63 | 4.41 | 3.11 | 5.38 | 10.85 | 3.69 |
| Dividend Per Share | 2.19 | 2.18 | 2.16 | 2.12 | 1.92 | 1.84 |
| Gross Margin | 32.06% | 32.17% | 30.10% | 30.18% | 41.67% | 35.03% |
| Operating Margin | 13.50% | 13.37% | 10.37% | 12.65% | 26.59% | 18.04% |
| Profit Margin | 8.72% | 8.74% | 2.69% | 4.48% | 20.70% | 11.74% |
| Free Cash Flow Margin | 8.18% | 8.27% | 6.14% | 9.52% | 15.82% | 7.85% |
| EBITDA | 5.65B | 5.41B | 4.51B | 5.33B | 11.51B | 6.49B |
| EBITDA Margin | 20.71% | 20.86% | 18.04% | 18.99% | 31.11% | 24.16% |
| D&A For EBITDA | 1.97B | 1.94B | 1.92B | 1.78B | 1.67B | 1.64B |
| EBIT | 3.68B | 3.47B | 2.59B | 3.55B | 9.84B | 4.85B |
| EBIT Margin | 13.50% | 13.37% | 10.37% | 12.65% | 26.59% | 18.04% |
| Effective Tax Rate | 23.81% | 24.66% | 38.38% | 34.32% | 24.98% | 23.73% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 921.00M | 701.00M | 853.00M | 941.00M | 901.00M | 499.00M |
| Cash & Short-Term Investments | 921.00M | 701.00M | 853.00M | 941.00M | 901.00M | 499.00M |
| Accounts Receivable | 8.69B | 5.08B | 4.63B | 4.67B | 5.60B | 4.71B |
| Other Receivables | 595.00M | 755.00M | 730.00M | 598.00M | 661.00M | |
| Receivables | 8.69B | 5.67B | 5.39B | 5.40B | 6.19B | 5.37B |
| Inventory | 6.16B | 6.98B | 6.15B | 6.34B | 7.63B | 6.33B |
| Prepaid Expenses | 395.00M | 1.40B | 1.40B | 1.50B | 1.61B | 1.65B |
| Total Current Assets | 16.17B | 14.75B | 13.79B | 14.17B | 16.34B | 13.85B |
| Property, Plant & Equipment | 22.67B | 22.75B | 22.60B | 22.46B | 21.77B | 20.02B |
| Long-Term Investments | 137.00M | 144.00M | 698.00M | 736.00M | 843.00M | 703.00M |
| Goodwill | 12.17B | 12.14B | 12.04B | 12.11B | 12.37B | 12.22B |
| Other Intangible Assets | 1.56B | 1.67B | 1.82B | 2.22B | 2.30B | 2.34B |
| Long-Term Deferred Tax Assets | 276.00M | 401.00M | 477.00M | 448.00M | 262.00M | |
| Long-Term Deferred Charges | 125.00M | 126.00M | 113.00M | 104.00M | 88.00M | |
| Other Long-Term Assets | 840.00M | 457.00M | 357.00M | 461.00M | 417.00M | 479.00M |
| Total Assets | 53.55B | 52.30B | 51.84B | 52.75B | 54.59B | 49.95B |
| Accounts Payable | 5.54B | 5.36B | 5.48B | 5.80B | 5.18B | |
| Accrued Expenses | 1.35B | 1.28B | 1.39B | 1.78B | 1.74B | |
| Short-Term Debt | 527.00M | 873.00M | 1.53B | 1.81B | 2.14B | 1.56B |
| Current Portion of Long-Term Debt | 1.43B | 513.00M | 1.04B | 512.00M | 542.00M | 545.00M |
| Current Portion of Leases | 366.00M | 346.00M | 356.00M | 327.00M | 305.00M | 286.00M |
| Current Income Taxes Payable | 20.00M | 22.00M | 14.00M | 899.00M | 606.00M | |
| Other Current Liabilities | 9.30B | 2.40B | 2.45B | 2.58B | 2.81B | 2.53B |
| Total Current Liabilities | 11.62B | 11.04B | 12.04B | 12.12B | 14.28B | 12.44B |
| Long-Term Debt | 9.43B | 9.35B | 8.88B | 8.91B | 8.04B | 7.52B |
| Long-Term Leases | 974.00M | 937.00M | 999.00M | 999.00M | 899.00M | 934.00M |
| Pension & Post-Retirement Benefits | 214.00M | 221.00M | 227.00M | 252.00M | 319.00M | 419.00M |
| Long-Term Deferred Tax Liabilities | 3.69B | 3.67B | 3.54B | 3.57B | 3.55B | 3.17B |
| Other Long-Term Liabilities | 1.69B | 1.72B | 1.71B | 1.69B | 1.64B | 1.77B |
| Total Liabilities | 27.62B | 26.94B | 27.40B | 27.55B | 28.72B | 26.25B |
| Common Stock | 13.45B | 13.52B | 13.75B | 13.84B | 14.17B | 15.46B |
| Additional Paid-In Capital | 51.00M | 57.00M | 68.00M | 83.00M | 109.00M | 149.00M |
| Retained Earnings | 12.69B | 12.08B | 11.11B | 11.53B | 11.93B | 8.19B |
| Comprehensive Income & Other | -289.00M | -329.00M | -515.00M | -296.00M | -391.00M | -146.00M |
| Total Common Equity | 25.90B | 25.32B | 24.41B | 25.16B | 25.82B | 23.65B |
| Minority Interest | 36.00M | 42.00M | 35.00M | 45.00M | 45.00M | 47.00M |
| Shareholders' Equity | 25.94B | 25.36B | 24.44B | 25.20B | 25.86B | 23.70B |
| Total Liabilities & Equity | 53.55B | 52.30B | 51.84B | 52.75B | 54.59B | 49.95B |
| Total Debt | 12.73B | 12.02B | 12.81B | 12.57B | 11.93B | 10.85B |
| Net Cash (Debt) | -11.81B | -11.32B | -11.95B | -11.62B | -11.03B | -10.35B |
| Net Cash Per Share | -24.47 | -23.26 | -24.18 | -23.39 | -20.42 | -18.11 |
| Filing Date Shares Outstanding | 477.21M | 481.14M | 489.26M | 494.56M | 499.24M | 551.30M |
| Total Common Shares Outstanding | 478.29M | 481.96M | 491.03M | 494.55M | 507.25M | 557.49M |
| Working Capital | 4.54B | 3.71B | 1.75B | 2.05B | 2.06B | 1.40B |
| Book Value Per Share | 54.16 | 52.54 | 49.71 | 50.87 | 50.90 | 42.43 |
| Tangible Book Value | 12.16B | 11.52B | 10.54B | 10.82B | 11.15B | 9.09B |
| Tangible Book Value Per Share | 25.43 | 23.90 | 21.48 | 21.89 | 21.99 | 16.31 |
| Land | 1.94B | 1.73B | 1.63B | 1.60B | 1.55B | |
| Buildings | 9.37B | 9.19B | 9.05B | 8.79B | 8.58B | |
| Machinery | 25.57B | 24.42B | 23.24B | 22.02B | 20.63B | |
| Construction In Progress | 1.96B | 2.11B | 2.47B | 2.10B | 1.56B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.38B | 2.27B | 674.00M | 1.26B | 7.66B | 3.15B |
| Depreciation & Amortization | 2.39B | 2.37B | 2.34B | 2.17B | 2.01B | 1.95B |
| Asset Writedown & Restructuring Costs | 530.00M | 774.00M | -780.00M | 33.00M | ||
| Loss (Gain) From Sale of Investments | -301.00M | -301.00M | ||||
| Loss (Gain) on Equity Investments | -22.00M | 65.00M | -8.00M | 117.00M | -181.00M | -44.00M |
| Stock-Based Compensation | 147.00M | 163.00M | 37.00M | -14.00M | 63.00M | 198.00M |
| Other Operating Activities | 318.00M | 227.00M | 450.00M | 255.00M | 484.00M | 256.00M |
| Change in Accounts Receivable | -438.00M | -128.00M | -224.00M | 879.00M | -919.00M | -1.67B |
| Change in Inventory | -259.00M | -557.00M | 60.00M | 1.38B | -1.17B | -1.46B |
| Change in Accounts Payable | -35.00M | -98.00M | -323.00M | -1.75B | 938.00M | 1.69B |
| Change in Other Net Operating Assets | -227.00M | |||||
| Operating Cash Flow | 4.18B | 4.01B | 3.54B | 5.07B | 8.11B | 3.89B |
| Capital Expenditures | -1.95B | -1.86B | -2.00B | -2.39B | -2.25B | -1.78B |
| Cash Acquisitions | -52.00M | -23.00M | -21.00M | -153.00M | -407.00M | -88.00M |
| Sale (Purchase) of Intangibles | -146.00M | -145.00M | -155.00M | -206.00M | -222.00M | -107.00M |
| Investment in Securities | 555.00M | 711.00M | 70.00M | -143.00M | ||
| Other Investing Activities | -32.00M | -55.00M | -28.00M | -62.00M | -19.00M | 165.00M |
| Investing Cash Flow | -1.63B | -1.37B | -2.13B | -2.96B | -2.90B | -1.81B |
| Short-Term Debt Issued | 529.00M | 1.34B | ||||
| Long-Term Debt Issued | 998.00M | 1.02B | 1.50B | 1.04B | 86.00M | |
| Total Debt Issued | 666.00M | 998.00M | 1.02B | 1.50B | 1.57B | 1.43B |
| Short-Term Debt Repaid | -696.00M | -142.00M | -458.00M | |||
| Long-Term Debt Repaid | -1.51B | -1.06B | -1.02B | -902.00M | -2.53B | |
| Lease Payments | -411.00M | -419.00M | -402.00M | -375.00M | -341.00M | -320.00M |
| Total Debt Repaid | -2.02B | -2.20B | -1.20B | -1.48B | -902.00M | -2.53B |
| Net Debt Issued (Repaid) | -1.36B | -1.21B | -181.00M | 19.00M | 672.00M | -1.10B |
| Issuance of Common Stock | 56.00M | 38.00M | 18.00M | 33.00M | 168.00M | 200.00M |
| Repurchase of Common Stock | -618.00M | -551.00M | -184.00M | -1.05B | -4.52B | -1.03B |
| Common Dividends Paid | -1.06B | -1.06B | -1.06B | -1.03B | -1.03B | -1.04B |
| Other Financing Activities | -30.00M | -37.00M | -46.00M | -34.00M | -20.00M | -21.00M |
| Financing Cash Flow | -3.01B | -2.82B | -1.45B | -2.06B | -4.73B | -3.00B |
| Foreign Exchange Rate Adjustments | -5.00M | 30.00M | -37.00M | -7.00M | -76.00M | -31.00M |
| Net Cash Flow | -453.00M | -152.00M | -88.00M | 40.00M | 402.00M | -955.00M |
| Free Cash Flow | 2.23B | 2.15B | 1.54B | 2.67B | 5.86B | 2.11B |
| Free Cash Flow Margin | 8.18% | 8.27% | 6.14% | 9.52% | 15.82% | 7.85% |
| Free Cash Flow Per Share | 4.63 | 4.41 | 3.11 | 5.38 | 10.85 | 3.69 |
| Levered Free Cash Flow | 1.60B | 1.36B | 1.36B | 1.71B | 4.59B | 1.67B |
| Unlevered Free Cash Flow | 2.03B | 1.78B | 1.78B | 2.16B | 4.89B | 1.96B |
| Free Cash Flow After Leases | 1.82B | 1.73B | 1.13B | 2.30B | 5.52B | 1.79B |
| Cash Interest Paid | 726.00M | 738.00M | 740.00M | 729.00M | 482.00M | 491.00M |
| Cash Income Tax Paid | 471.00M | 335.00M | 321.00M | 1.76B | 1.88B | 435.00M |
| Change in Working Capital | -732.00M | -783.00M | -487.00M | 507.00M | -1.15B | -1.66B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 33.16B | 29.87B | 22.08B | 27.95B | 37.99B | 42.88B |
| Enterprise Value | 45.22B | 43.67B | 35.48B | 42.79B | 51.08B | 55.05B |
| Last Close Price | 69.42 | 60.26 | 42.05 | 50.64 | 63.45 | 63.88 |
| PE Ratio | 13.84 | 13.17 | 32.76 | 22.22 | 4.96 | 13.60 |
| PS Ratio | 1.22 | 1.15 | 0.88 | 0.99 | 1.03 | 1.60 |
| PB Ratio | 1.28 | 1.18 | 0.90 | 1.11 | 1.47 | 1.81 |
| P/TBV Ratio | 2.73 | 2.59 | 2.09 | 2.58 | 3.41 | 4.72 |
| P/FCF Ratio | 14.85 | 13.91 | 14.37 | 10.46 | 6.49 | 20.33 |
| P/OCF Ratio | 7.93 | 7.45 | 6.25 | 5.52 | 4.68 | 11.04 |
| EV/Sales Ratio | 1.66 | 1.68 | 1.42 | 1.52 | 1.38 | 2.05 |
| EV/EBITDA Ratio | 8.00 | 8.07 | 7.86 | 8.02 | 4.44 | 8.48 |
| EV/EBIT Ratio | 12.27 | 12.59 | 13.68 | 12.04 | 5.19 | 11.36 |
| EV/FCF Ratio | 20.25 | 20.34 | 23.10 | 16.02 | 8.72 | 26.10 |
| Debt / Equity Ratio | 0.49 | 0.47 | 0.52 | 0.50 | 0.46 | 0.46 |
| Debt / EBITDA Ratio | 2.09 | 2.06 | 2.60 | 2.20 | 1.01 | 1.60 |
| Debt / FCF Ratio | 5.70 | 5.60 | 8.34 | 4.70 | 2.04 | 5.14 |
| Net Debt / Equity Ratio | 0.46 | 0.45 | 0.49 | 0.46 | 0.43 | 0.44 |
| Net Debt / EBITDA Ratio | 2.09 | 2.09 | 2.65 | 2.18 | 0.96 | 1.59 |
| Net Debt / FCF Ratio | 5.29 | 5.27 | 7.78 | 4.35 | 1.88 | 4.91 |
| Asset Turnover | 0.51 | 0.50 | 0.48 | 0.52 | 0.71 | 0.55 |
| Inventory Turnover | 3.16 | 2.68 | 2.80 | 2.81 | 3.09 | 3.10 |
| Quick Ratio | 0.83 | 0.58 | 0.52 | 0.52 | 0.50 | 0.47 |
| Current Ratio | 1.39 | 1.34 | 1.15 | 1.17 | 1.14 | 1.11 |
| Return on Equity (ROE) | 9.44% | 9.22% | 2.82% | 5.02% | 31.02% | 13.79% |
| Return on Assets (ROA) | 4.31% | 4.17% | 3.10% | 4.14% | 11.77% | 6.24% |
| Return on Invested Capital (ROIC) | 7.38% | 7.15% | 4.36% | 6.33% | 20.81% | 11.14% |
| Return on Capital Employed (ROCE) | 8.80% | 8.40% | 6.50% | 8.70% | 24.40% | 12.90% |
| Earnings Yield | 7.22% | 7.59% | 3.05% | 4.50% | 20.16% | 7.35% |
| FCF Yield | 6.73% | 7.19% | 6.96% | 9.56% | 15.42% | 4.92% |
| Dividend Yield | 3.17% | 3.52% | 4.80% | 3.75% | 2.56% | 2.39% |
| Payout Ratio | 43.88% | 46.80% | 157.27% | 82.03% | 13.46% | 33.14% |
| Buyback Yield / Dilution | 1.75% | 1.59% | 0.53% | 7.97% | 5.47% | -0.28% |
| Total Shareholder Return | 4.92% | 5.10% | 5.33% | 11.72% | 8.04% | 2.11% |