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Nutrien Ltd.

NTR Basic Materials Agricultural Inputs

Nutrien Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $26.9 billion, up 3.52% from fiscal 2024. In the quarter to June 2026, revenue grew 3.58%, EPS was flat, free cash flow fell 5.72% and total debt fell 7.32%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

71.26 1.68 +2.41%
Market cap
$33.1B
P/E
14.4×
Fwd P/E
12.3×
Dividend yield
3.08%
F-score
8/9
Altman Z
1.83
Beneish M
−2.62
Dividend safety
66/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.78%

Capital & Financial Ratios $m

Market Cap 33,130.00
Revenue 28,205.00
Net Income 2,410.00
Free Cash Flow 2,087.00
Net Debt 10,467.00
Current Ratio 1.39
Debt/Equity 0.44 (at or below 0.5: strong)
P/E ratio 14.43
Fwd P/E 12.30
P/S ratio 1.21
P/B ratio 1.32
Past 5Y EPS Growth 41.90% (at or above 15%: strong)
This Y EPS Growth 7.78%
Next Y EPS Growth 2.44%
Next Y revenue growth 3.03%
Next 5Y EPS Growth 0.88%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.6×, against a ten-year median of 1.8×; over the ten years it ranged from 1.1× in 2023 to 10.6× in 2018.
P/E against its own 10 years 34.06%
10-year low 10-year high
P/S against its own 10 years 40.36%
10-year low 10-year high
P/B against its own 10 years 44.86%
10-year low 10-year high
EV/Sales against its own 10 years 36.93%
10-year low 10-year high
EV/FCF against its own 10 years 49.37%
10-year low 10-year high

Dividends

Payout Ratio 0.44
Annual Dividend Rate 2.20
Annual Dividend Yield 3.08%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.20
0.55
0.55
0.55
2025 2.18
0.55
0.55
0.55
0.55
2024 2.16
0.54
0.54
0.54
0.54
2023 2.12
0.53
0.53
0.53
0.53
2022 1.92
0.48
0.48
0.48
0.48
2021 1.84
0.46
0.46
0.46
0.46
2020 1.80
0.45
0.45
0.45
0.45
2019 1.76
0.43
0.43
0.45
0.45
2018 1.63
0.40
0.40
0.40
0.43
2017 0.95
0.10
0.10
0.25
0.25
0.25
2016 0.98
0.38
0.25
0.25
0.10
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 941 853 701 921
Receivables 5,398 5,390 5,675 8,687
Inventory 6,336 6,148 6,977 6,164
Other — — — —
14,170 13,792 14,749 16,167
2023 2024 2025 Q'26
Payables 9,467 9,118 9,309 9,296
ST’ Debt 2,327 2,571 1,386 1,961
Other — — — —
12,121 12,045 11,041 11,623

Compound Annual Growth %

10y 5y 3y
Sales 15.65% 5.16% (10.80%)
Cash Flow 5.54% 3.81% (20.94%)
Earnings 5.97% 37.63% (33.36%)
Book Value 11.71% 2.51% (0.65%)

Revenue $m

Mar Jun Sep Dec Year
’26 6,046 10,812 — — —
’25 5,100 10,438 6,007 5,340 26,885
’24 5,389 10,156 5,348 5,079 25,972
’23 6,107 11,654 5,631 5,664 29,056
’22 7,657 14,506 8,188 7,533 37,884
’21 4,658 9,763 6,024 7,267 27,712
’20 4,198 8,431 4,227 4,052 20,908
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (851) 2,484 — — —
’25 (1,082) 2,538 (426) 2,977 4,007
’24 (487) 1,807 (908) 3,123 3,535
’23 (858) 2,243 (469) 4,150 5,066
’22 (62) 2,558 878 4,736 8,110
’21 (152) 1,966 (1,565) 3,637 3,886
’20 (526) 1,756 (685) 2,778 3,323
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1,176) 1,993 — — —
’25 (1,382) 2,114 (956) 2,226 2,002
’24 (840) 1,281 (1,416) 2,356 1,381
’23 (1,323) 1,452 (1,103) 3,440 2,466
’22 (413) 2,081 242 3,725 5,635
’21 (543) 1,540 (2,057) 2,991 2,002
’20 (921) 1,422 (1,038) 2,657 2,188
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.27 2.53 — — —
’25 0.02 2.50 0.96 1.18 4.66
’24 0.32 0.78 0.04 0.23 1.36
’23 1.14 0.89 0.15 0.35 2.53
’22 2.49 6.51 2.94 2.15 14.18
’21 0.22 1.94 1.25 2.11 5.52
’20 (0.06) 1.34 (1.03) 0.55 0.81
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 36.60 39.35 40.41 44.88 23.85 48.45 67.23 52.23 43.70 45.00

Analyst estimates 2026–2028

Powerpack
High 49.70 52.60 58.99 56.00 50.81 77.35 117.25 85.16 60.87 65.08
People
People Employees 5,130 5,104 20,300 22,300 23,100 23,500 24,700 25,900 25,500 25,100
Revenue/emp, $m 0.87 0.89 0.97 0.90 0.91 1.18 1.53 1.12 1.02 1.07
Income, $m
Income, $m Revenue 4,456 4,547 19,636 20,084 20,908 27,712 37,884 29,056 25,972 26,885
Gross margin, % 18.63 15.26 27.46 27.39 25.06 33.95 40.71 29.16 28.99 31.05
EBT 243 (29) (124) 1,308 382 4,168 10,246 1,952 1,136 3,049
EBT margin, % 5.45 (0.64) (0.63) 6.51 1.83 15.04 27.05 6.72 4.37 11.34
Net income 323 327 3,573 992 459 3,179 7,687 1,282 700 2,297
Depreciation 695 692 1,592 1,799 1,989 1,951 2,012 2,169 2,339 2,369
Per share, $
Per share, $ Revenue 13.28 5.41 31.42 34.49 36.70 48.65 70.35 58.54 52.55 55.28
Earnings 1.00 0.97 5.72 1.70 0.81 5.53 14.22 2.53 1.36 4.66
Cash flow 3.75 1.46 3.28 6.29 5.83 6.82 15.06 10.21 7.15 8.24
Capex (2.66) (0.77) (2.41) (3.25) (1.99) (3.31) (4.60) (5.24) (4.36) (4.12)
Free cash flow 1.09 0.68 0.87 3.05 3.84 3.51 10.46 4.97 2.79 4.12
Book value 24.43 9.88 39.09 39.28 39.33 41.60 48.03 50.77 49.46 52.16
Shares, m 336 840 625 582 570 570 538 496 494 486
Valuation, ×
Valuation, × P/E 47.09 49.35 8.13 27.85 60.20 13.60 5.07 22.54 32.66 13.22
P/S 3.41 10.12 1.50 1.39 1.31 1.55 1.02 0.97 0.85 1.12
P/B 1.85 5.54 1.20 1.22 1.22 1.81 1.49 1.12 0.90 1.18
EV/Sales 4.43 11.07 1.85 1.86 1.73 1.88 1.28 1.33 1.26 1.49
EV/FCF 53.84 87.66 56.04 21.00 17.45 29.38 8.96 17.29 28.50 22.64
Cash, $m
Cash, $m Operating cash flow 1,260 1,225 2,052 3,665 3,323 3,886 8,110 5,066 3,535 4,007
Capex (893) (651) (1,507) (1,891) (1,135) (1,884) (2,475) (2,600) (2,154) (2,005)
Free cash flow 367 574 545 1,774 2,188 2,002 5,635 2,466 1,381 2,002
Balance, $m
Balance, $m Working capital (303) 1,721 3,327 1,536 2,990 1,403 2,062 2,049 1,747 3,708
Total debt 4,591 4,441 9,203 10,031 10,220 9,626 10,724 11,240 11,452 10,736
Net debt 4,559 4,325 6,889 9,360 8,766 9,127 9,823 10,299 10,599 10,035
Shareholders’ equity 8,199 8,303 24,425 22,869 22,403 23,699 25,863 25,201 24,442 25,365
Returns, %
Returns, % ROA 1.86 1.91 11.43 2.15 0.98 6.49 14.65 2.34 1.29 4.35
ROIC 2.25 1.03 0.83 3.61 1.81 9.10 18.93 4.83 3.31 6.60
ROE 3.90 3.96 21.83 4.20 2.03 13.68 30.91 4.93 2.72 9.10
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Nutrien Ltd. vs peers in Agricultural Inputs (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NTR Nutrien Ltd. $33.1B 14.4× 12.3× +3.58% (above 0%: growing) +0.80% (above 0%: growing) −5.72% (below 0%: shrinking) 30.07% 16.44%
CF CF Industries Holdings, Inc. $18.1B 8.9× 6.2× +17.57% (above 0%: growing) +100.00% (above 0%: growing) +88.82% (above 0%: growing) 51.53% 50.45% Compare
CTVA Corteva, Inc. $8.6B 8.5× 28.9× −1.19% (below 0%: shrinking) −9.90% (below 0%: shrinking) −169.39% (below 0%: shrinking) 57.39% 26.21% Compare
ICL ICL Group Ltd. $6.4B 20.7× 20.4× +16.54% (above 0%: growing) +57.14% (above 0%: growing) +38.81% (above 0%: growing) 31.10% 12.46% Compare
MOS The Mosaic Company $6.0B — (loss-making) — (loss-making) −6.04% (below 0%: shrinking) n/m −149.10% (below 0%: shrinking) 7.60% (1.26%) Compare
SMG The Scotts Miracle-Gro Company $3.2B 43.7× 18.6× +1.10% (above 0%: growing) −25.19% (below 0%: shrinking) −26.61% (below 0%: shrinking) 31.22% 14.47% Compare
UAN CVR Partners, LP $1.4B 8.3× — +19.95% (above 0%: growing) +99.73% (above 0%: growing) +177.34% (above 0%: growing) 57.09% 41.95% Compare
FMC FMC Corporation $874.2M — (loss-making) 6.4× −17.46% (below 0%: shrinking) n/m +882.90% (above 0%: growing) 39.45% (13.80%) Compare
IPI Intrepid Potash, Inc $434.2M 16.2× — (loss-making) −1.26% (below 0%: shrinking) +372.00% (above 0%: growing) −31.61% (below 0%: shrinking) 24.97% 1.59% Compare
Median of peers $4.6B 12.6× 18.6× −0.05% +78.44% +6.10% 35.34% 13.47%

All 18 Agricultural Inputs stocks →

Nutrien Ltd. (NTR) key facts

  • Strength: Nutrien Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $26.9 billion, up 3.52% from fiscal 2024.
  • Nutrien Ltd. (NTR) is an Agricultural Inputs company in the Basic Materials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, NTR traded at $71.26, a market capitalization of $33.1 billion.
  • Nutrien Ltd. pays an annual dividend of $2.20 per share, a yield of 3.08%, with a payout ratio of 44.4%.
  • Return on equity was 9.10% and debt-to-equity 0.44.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 1.83 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Nutrien Ltd. (NTR) Latest News

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stockrow.com/NTR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com