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NTR

Nutrien Ltd.

NTR

Nutrien Ltd. • NYSE
$58.17 ▲ 1.34% (+0.77)
Market Cap $28.43 B
52w High $65.08
52w Low $43.70
Dividend Yield 2.17%
P/E 15.68
Volume 811.51K
Outstanding Shares 488.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.94B ▼ $1.15B ▼ $458.856M ▼ 7.724% ▼ $0.94 ▼ $1.408B ▼
Q2-2025 $10.438B ▲ $1.393B ▲ $1.221B ▲ 11.698% ▲ $2.51 ▲ $2.396B ▲
Q1-2025 $5.1B ▲ $1.094B ▼ $11M ▼ 0.216% ▼ $0.022 ▼ $797M ▼
Q4-2024 $5.079B ▼ $1.11B ▼ $113M ▲ 2.225% ▲ $0.23 ▲ $1.004B ▲
Q3-2024 $5.348B $1.235B $18M 0.337% $0.036 $794M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $624M ▼ $51.826B ▼ $26.673B ▼ $25.117B ▲
Q2-2025 $1.387B ▲ $53.255B ▲ $28.135B ▼ $25.089B ▲
Q1-2025 $895M ▲ $53.069B ▲ $28.999B ▲ $24.038B ▼
Q4-2024 $853M ▲ $51.84B ▼ $27.398B ▲ $24.407B ▼
Q3-2024 $520M $51.911B $26.905B $24.966B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $458.856M ▼ $-439.074M ▼ $-378.746M ▲ $52.821M ▲ $-766.695M ▼ $-933.753M ▼
Q2-2025 $1.229B ▲ $2.538B ▲ $-495M ▼ $-1.572B ▼ $492M ▲ $2.114B ▲
Q1-2025 $19M ▼ $-1.082B ▼ $-243M ▲ $1.365B ▲ $42M ▼ $-1.382B ▼
Q4-2024 $118M ▲ $3.123B ▲ $-519M ▼ $-2.239B ▼ $333M ▲ $2.418B ▲
Q3-2024 $25M $-908M $-506M $922M $-484M $-1.437B

Five-Year Company Overview

Income Statement

Income Statement Nutrien’s earnings tell a story of a strong peak followed by a reset. Revenue and profit surged in the early 2020s when fertilizer prices spiked, then pulled back meaningfully as markets normalized. The company is still profitable, but earnings are now far below the boom year and closer to pre-boom levels. Margins have compressed, showing how sensitive the business is to fertilizer pricing and crop demand. Overall, the income statement reflects a solid, but very cyclical, business that enjoyed an exceptional windfall and is now operating in a more typical, lower-margin environment.

Balance Sheet

Balance Sheet The balance sheet looks steady rather than stretched. Total assets and shareholder equity have inched up over time, indicating gradual growth rather than aggressive expansion. Debt has risen somewhat but has stayed in a band that looks manageable relative to the company’s size and equity base. Cash on hand is modest for a business of this scale, which is typical in capital‑intensive industries that rely on ongoing cash generation rather than large idle cash balances. Overall, the financial foundation appears sound, with moderate leverage and no obvious signs of balance‑sheet stress in the recent data.

Cash Flow

Cash Flow Cash generation has closely followed the earnings cycle. During the strong pricing environment, operating cash flow was very robust and easily covered investment spending. As profits normalized, cash flow also stepped down, but it has remained comfortably positive. After funding capital expenditures, Nutrien has consistently generated surplus cash, though the cushion is thinner in weaker years. The pattern suggests a business that can fund its own investments and shareholder returns through the cycle, but with cash flow that will naturally swell and shrink with fertilizer markets and farm economics.

Competitive Edge

Competitive Edge Nutrien holds a leading position in global agriculture inputs, with notable strengths. It is one of the largest potash producers worldwide and benefits from large, low‑cost mines in Canada, giving it scale and cost advantages. Its integrated model—from production of fertilizer to retail distribution to farmers—creates a powerful combination of manufacturing efficiency, logistics control, and direct customer access. The vast retail network and strong agronomy teams deepen relationships with growers and make it harder for competitors to displace. At the same time, its fortunes are tied to cyclical factors: crop prices, farmer income, global trade flows, and regulatory changes. So while the competitive moat is significant, the operating environment remains volatile.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic focus. Nutrien is investing in digital agronomy platforms that help farmers plan, buy, and manage inputs more precisely, which can strengthen customer loyalty and support higher‑value services. Its proprietary fertilizer technologies, crop protection products, and seed brands give it differentiated offerings that are not purely commodity-based. The company is also moving into biological crop solutions and exploring low‑carbon and clean ammonia projects, aiming to benefit from the shift toward sustainable agriculture and lower‑emission inputs. These initiatives could gradually increase the share of higher‑margin, technology‑enabled products, but they also bring execution, capital, and regulatory risks, especially around large clean‑ammonia investments and adoption of newer technologies by farmers.

Summary

Nutrien is a scale leader in agricultural inputs with a strong integrated model, but its financial results are inherently cyclical. The income statement shows a powerful upswing during the fertilizer boom followed by a significant normalization in revenue and profit. The balance sheet appears solid with moderate leverage, and cash flows have been consistently positive, though clearly tied to market cycles. Competitively, the company benefits from large, low‑cost potash assets and an extensive retail and advisory network that deepen its connection to farmers. Its ongoing push into digital tools, proprietary products, biologicals, and low‑carbon fertilizer solutions is aimed at reinforcing its moat and reducing reliance on pure commodity pricing. Going forward, Nutrien’s profile combines relatively strong strategic positioning with earnings and cash flows that can fluctuate meaningfully as agricultural and fertilizer markets evolve.

NEWS

November 5, 2025 · 5:05 PM UTC

Nutrien Declares Quarterly Dividend of US$0.545 per Share

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November 5, 2025 · 5:00 PM UTC

Nutrien Reports Third Quarter 2025 Results

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October 21, 2025 · 9:01 AM UTC

Nutrien Commences a Controlled Shut Down of Its Trinidad Nitrogen Operations

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October 6, 2025 · 6:00 PM UTC

Nutrien Announces Release Dates for Third Quarter 2025 Results and Conference Call

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September 8, 2025 · 6:45 AM UTC

Nutrien Announces Agreement for Sale of Equity Position in Profertil S.A.

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