Stocks · Materials · Agricultural Chemicals

Nutrien Ltd.

NTR Clue Score46
Saskatchewan, Canada Fiscal year ends December CIK 0001725964
$68.00 +0.77% Close, 12 Oct 2026
Price $68.00 −3.71% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 2 Jan 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue4.55Operating income0.21Net income0.33EPS, diluted0.39Fiscal year 2018Revenue19.64 +331.8%Operating income0.41Net income3.57 +992.7%EPS, diluted5.72 +1,366.7%Fiscal year 2019Revenue20.08 +2.3%Operating income1.86Net income0.99 −72.2%EPS, diluted1.70 −70.3%Fiscal year 2020Revenue20.91 +4.1%Operating income0.90Net income0.46 −53.7%EPS, diluted0.81 −52.4%Fiscal year 2021Revenue27.71 +32.5%Operating income4.78Net income3.15 +586.9%EPS, diluted5.52 +581.5%Fiscal year 2022Revenue37.88 +36.7%Operating income10.81Net income7.66 +142.9%EPS, diluted14.18 +156.9%Fiscal year 2023Revenue29.06 −23.3%Operating income2.75Net income1.26 −83.6%EPS, diluted2.53 −82.2%Fiscal year 2024Revenue25.97 −10.6%Operating income1.86Net income0.67 −46.4%EPS, diluted1.36 −46.2%Fiscal year 2025Revenue26.89 +3.5%Operating income3.74Net income2.27 +236.4%EPS, diluted4.66 +242.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 4.55 19.64 20.08 20.91 27.71 37.88 29.06 25.97 26.89
Growth +331.8% +2.3% +4.1% +32.5% +36.7% −23.3% −10.6% +3.5%
Operating income 0.21 0.41 1.86 0.90 4.78 10.81 2.75 1.86 3.74
Net income 0.33 3.57 0.99 0.46 3.15 7.66 1.26 0.67 2.27
Growth +992.7% −72.2% −53.7% +586.9% +142.9% −83.6% −46.4% +236.4%
EPS, diluted 0.39 5.72 1.70 0.81 5.52 14.18 2.53 1.36 4.66
Growth +1,366.7% −70.3% −52.4% +581.5% +156.9% −82.2% −46.2% +242.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin15.3%Operating margin4.6%Net margin7.2%Free cash flow margin12.6%Fiscal year 2018Gross margin27.5%Operating margin2.1%Net margin18.2%Free cash flow margin3.3%Fiscal year 2019Gross margin27.4%Operating margin9.3%Net margin4.9%Free cash flow margin9.6%Fiscal year 2020Gross margin25.1%Operating margin4.3%Net margin2.2%Free cash flow margin9.1%Fiscal year 2021Gross margin34.0%Operating margin17.3%Net margin11.4%Free cash flow margin7.6%Fiscal year 2022Gross margin40.7%Operating margin28.5%Net margin20.2%Free cash flow margin15.5%Fiscal year 2023Gross margin29.2%Operating margin9.4%Net margin4.3%Free cash flow margin9.1%Fiscal year 2024Gross margin29.0%Operating margin7.1%Net margin2.6%Free cash flow margin5.8%Fiscal year 2025Gross margin31.0%Operating margin13.9%Net margin8.4%Free cash flow margin7.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 15.3% 27.5% 27.4% 25.1% 34.0% 40.7% 29.2% 29.0% 31.0%
Operating margin 4.6% 2.1% 9.3% 4.3% 17.3% 28.5% 9.4% 7.1% 13.9%
Net margin 7.2% 18.2% 4.9% 2.2% 11.4% 20.2% 4.3% 2.6% 8.4%
Free cash flow margin 12.6% 3.3% 9.6% 9.1% 7.6% 15.5% 9.1% 5.8% 7.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow1.23Capital expenditure−0.65Free cash flow0.57Dividends paid−0.33Fiscal year 2018Operating cash flow2.05Capital expenditure−1.41Free cash flow0.65 +12.7%Buybacks−1.80Dividends paid−0.95Fiscal year 2019Operating cash flow3.67Capital expenditure−1.73Free cash flow1.94 +199.4%Buybacks−1.93Dividends paid−1.02Fiscal year 2020Operating cash flow3.32Capital expenditure−1.42Free cash flow1.90 −1.9%Buybacks−0.16Dividends paid−1.03Fiscal year 2021Operating cash flow3.89Capital expenditure−1.78Free cash flow2.11 +11.0%Buybacks−1.04Dividends paid−1.05Fiscal year 2022Operating cash flow8.11Capital expenditure−2.25Free cash flow5.86 +177.7%Buybacks−4.52Dividends paid−1.03Fiscal year 2023Operating cash flow5.07Capital expenditure−2.42Free cash flow2.65 −54.7%Buybacks−1.05Dividends paid−1.03Fiscal year 2024Operating cash flow3.54Capital expenditure−2.03Free cash flow1.51 −43.0%Buybacks−0.18Dividends paid−1.06Fiscal year 2025Operating cash flow4.01Capital expenditure−1.88Free cash flow2.13 +40.7%Buybacks−0.55Dividends paid−1.06
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.23 2.05 3.67 3.32 3.89 8.11 5.07 3.54 4.01
Capital expenditure −0.65 −1.41 −1.73 −1.42 −1.78 −2.25 −2.42 −2.03 −1.88
Free cash flow 0.57 0.65 1.94 1.90 2.11 5.86 2.65 1.51 2.13
Growth +12.7% +199.4% −1.9% +11.0% +177.7% −54.7% −43.0% +40.7%
Buybacks n/a −1.80 −1.93 −0.16 −1.04 −4.52 −1.05 −0.18 −0.55
Dividends paid −0.33 −0.95 −1.02 −1.03 −1.05 −1.03 −1.03 −1.06 −1.06

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash0.12Total debt3.71Net cash (debt)−3.60Shareholders’ equity8.30Debt to equity0.45Fiscal year 2018Cash2.31Total debt8.57Net cash (debt)−6.26Shareholders’ equity24.43Debt to equity0.35Fiscal year 2019Cash0.67Total debt9.06Net cash (debt)−8.38Shareholders’ equity22.91Debt to equity0.40Fiscal year 2020Cash1.45Total debt10.06Net cash (debt)−8.61Shareholders’ equity22.37Debt to equity0.45Fiscal year 2021Cash0.50Total debt8.07Net cash (debt)−7.57Shareholders’ equity23.65Debt to equity0.34Fiscal year 2022Cash0.90Total debt8.58Net cash (debt)−7.68Shareholders’ equity25.82Debt to equity0.33Fiscal year 2023Cash0.94Total debt9.43Net cash (debt)−8.48Shareholders’ equity25.16Debt to equity0.37Fiscal year 2024Cash0.85Total debt9.92Net cash (debt)−9.07Shareholders’ equity24.41Debt to equity0.41Fiscal year 2025Cash0.70Total debt9.86Net cash (debt)−9.16Shareholders’ equity25.32Debt to equity0.39
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.12 2.31 0.67 1.45 0.50 0.90 0.94 0.85 0.70
Total debt 3.71 8.57 9.06 10.06 8.07 8.58 9.43 9.92 9.86
Net cash (debt) −3.60 −6.26 −8.38 −8.61 −7.57 −7.68 −8.48 −9.07 −9.16
Shareholders’ equity 8.30 24.43 22.91 22.37 23.65 25.82 25.16 24.41 25.32
Debt to equity 0.45 0.35 0.40 0.45 0.34 0.33 0.37 0.41 0.39

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
1.23 2.05 3.67 3.32 3.89 8.11 5.07 3.54 4.01
Growth +67.5% +78.6% −9.3% +16.9% +108.7% −37.5% −30.2% +13.4%
−0.69 −1.59 −1.80 1.99 1.95 2.01 2.17 2.34 2.37
Investment
−0.65 −1.41 −1.73 −1.42 −1.78 −2.25 −2.42 −2.03 −1.88
calc 0.57 0.65 1.94 1.90 2.11 5.86 2.65 1.51 2.13
Growth +12.7% +199.4% −1.9% +11.0% +177.7% −54.7% −43.0% +40.7%
calc 0.68 1.04 3.32 3.34 3.69 10.85 5.33 3.05 4.37
−0.65 3.89 −2.80 −1.20 −1.81 −2.90 −2.96 −2.13 −1.37
Financing
−0.49 −3.71 −2.48 −1.34 −3.00 −4.73 −2.06 −1.45 −2.82
−0.33 −0.95 −1.02 −1.03 −1.05 −1.03 −1.03 −1.06 −1.06
n/a −1.80 −1.93 −0.16 −1.04 −4.52 −1.05 −0.18 −0.55

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.