NTR

MKT CAP:$34B

Nutrien Ltd.

Market Cap

$34B

Basic Materials·Agricultural Inputs·🇨🇦 Canada·NYSE

Materials·Agricultural·🇨🇦·NYSE

Stock Price

$71.27+$8.11 (+12.83%)

Apr 24, 2026

Company Details

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products thr...

CEO

Kenneth A. Seitz

IPO Date

Jan 2, 2018

Website

www.nutrien.com

Key Metrics TTM

Revenue

$34.1B

+34.3% YoY

Net Income

$6.2B

EPS (Diluted)

$11.59

Free Cash Flow

$3.6B

Revenue / Share

$70.48

Gross Margin

38.5%

Operating Margin

24.8%

Net Margin

18.2%

FCF Margin

10.5%

P/S

1.0x

P/E

5.5x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 27, 2026

$27.4BEPS $4.74

Q4 2025

Feb 27, 2026

$5.4BEPS $1.20

Q3 2025

Nov 5, 2025

$5.9BEPS $0.94

FY 2022

Feb 24, 2023

$37.9BEPS $13.62

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 18	$3.7B	$847M	$76M
Q3 18	$4.0B	$1.2B	-$1.4B
Q1 19	$3.7B	$975M	$176M
Q2 19	$8.7B	$2.3B	$1.3B
Q3 19	$4.2B	$1.1B	$328M
Q4 19	$3.5B	$1.0B	$63M
Q1 20	$4.2B	$885M	$114M
Q2 20	$8.4B	$2.2B	$1.1B
Q3 20	$4.2B	$1.0B	-$722M
Q4 20	$4.1B	$1.2B	$403M
Q2 21	$9.8B	$2.9B	$1.6B
Q4 21	$7.3B	$3.2B	$1.8B
Q2 22	$14.5B	$6.0B	$4.9B
Q3 22	$8.2B	$3.3B	$1.9B
Q3 25	$5.9B	$1.9B	$792M
Q4 25	$5.4B	$1.9B	$800M

Valuation

Quarter	P/S	P/E
Q1 18	4.1x	163.3x
Q3 18	3.6x	—
Q1 19	2.5x	—
Q2 19	1.5x	—
Q3 19	1.4x	—
Q4 19	1.3x	27.4x
Q1 20	0.9x	20.2x
Q2 20	0.9x	22.6x
Q3 20	1.1x	239.0x
Q4 20	1.3x	57.9x
Q2 21	1.3x	21.2x
Q4 21	1.7x	20.6x
Q2 22	1.3x	7.4x
Q3 22	1.1x	5.9x
Q3 25	0.8x	4.1x
Q4 25	0.9x	4.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 18	-$340M	-$578M
Q3 18	-$177M	-$529M
Q1 19	-$515M	-$843M
Q2 19	$1.2B	$766M
Q3 19	$589M	$28M
Q4 19	$2.4B	$1.7B
Q1 20	-$526M	-$921M
Q2 20	$1.8B	$1.4B
Q3 20	-$685M	-$970M
Q4 20	$2.8B	$2.2B
Q2 21	$2.0B	$1.5B
Q4 21	$3.6B	$3.1B
Q2 22	$2.6B	$2.1B
Q3 22	$878M	$242M
Q3 25	-$439M	-$934M
Q4 25	$3.0B	$2.2B

Capital Expenditures

Quarter	CapEx
Q1 18	$238M
Q3 18	$352M
Q1 19	$328M
Q2 19	$406M
Q3 19	$561M
Q4 19	$714M
Q1 20	$395M
Q2 20	$334M
Q3 20	$285M
Q4 20	$535M
Q2 21	$448M
Q4 21	$568M
Q2 22	$477M
Q3 22	$636M
Q3 25	$495M
Q4 25	$844M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 18	+229.7%	+283.1%
Q3 18	+256.3%	+450.9%
Q1 19	+201.4%	+212.4%
Q2 19	+704.2%	+418.1%
Q3 19	+13.7%	+7.0%
Q4 19	-11.3%	-35.0%
Q1 20	+12.9%	+15.3%
Q2 20	-3.0%	-1.4%
Q3 20	+1.4%	+28.8%
Q4 20	+15.8%	+6.3%
Q2 21	+132.6%	+99.4%
Q4 21	-13.8%	-25.4%
Q2 22	+243.2%	+93.2%
Q3 22	+99.7%	+69.7%
Q3 25	-39.2%	-36.8%
Q4 25	-25.4%	-15.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 18	$16M	0.4%
Q3 18	$51M	1.3%
Q1 19	$57M	1.5%
Q2 19	$59M	0.7%
Q3 19	-$21M	-0.5%
Q4 19	$9M	0.3%
Q1 20	-$32M	-0.8%
Q2 20	$12M	0.1%
Q3 20	$29M	0.7%
Q4 20	$60M	1.5%
Q2 21	$38M	0.4%
Q4 21	$73M	1.0%
Q2 22	-$52M	-0.4%
Q3 22	$39M	0.5%
Q3 25	$28M	0.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 18	$119M	$532M	—
Q3 18	$163M	$560M	—
Q1 19	$152M	$538M	—
Q2 19	$154M	$690M	—
Q3 19	$76M	$607M	—
Q4 19	$126M	$670M	—
Q1 20	$72M	$642M	—
Q2 20	$113M	$763M	—
Q3 20	$136M	$676M	—
Q4 20	$177M	$732M	—
Q2 21	$154M	$865M	—
Q4 21	$221M	$855M	—
Q2 22	$88M	$1.0B	—
Q3 22	$176M	$826M	—
Q3 25	—	—	$987M
Q4 25	—	—	$1.0B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$577M	$0	$577M
Q2 22	$711M	$0	$711M
Q3 22	$823M	$0	$823M
Q4 22	$901M	$0	$901M
Q1 23	$1.5B	$0	$1.5B
Q2 23	$737M	$0	$737M
Q3 23	$554M	$0	$554M
Q4 23	$941M	$0	$941M
Q1 24	$496M	$0	$496M
Q2 24	$1.0B	$0	$1.0B
Q3 24	$520M	$0	$520M
Q4 24	$853M	$0	$853M
Q1 25	$895M	$0	$895M
Q2 25	$1.4B	$0	$1.4B
Q3 25	$624M	$0	$624M
Q4 25	$700M	$0	$700M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 18	643M	+91.3%	+91.4%
Q3 18	615M	-4.4%	+83.0%
Q1 19	603M	-2.0%	+79.4%
Q2 19	582M	-3.4%	+73.2%
Q3 19	574M	-1.5%	-10.8%
Q4 19	573M	-0.1%	-6.8%
Q1 20	571M	-0.3%	-5.3%
Q2 20	569M	-0.4%	-2.3%
Q3 20	569M	0.0%	-0.8%
Q4 20	569M	+0.0%	-0.6%
Q2 21	572M	+0.5%	+0.1%
Q4 21	570M	-0.4%	+0.1%
Q2 22	552M	-3.2%	-3.1%
Q3 22	536M	-2.8%	-5.8%
Q3 25	486M	-9.4%	-15.1%
Q4 25	483M	-0.5%	-15.2%

Shares Outstanding