Nutrien Financials

NTR

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Nutrien (NTR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 47/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Nutrien's revenue grew a modest 3.5% year-over-year to $26.9B. This slow but positive growth earns a score of 39/100.

Leverage

100

Nutrien carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Nutrien's current ratio of 1.34 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.

Cash Flow

Nutrien has a free cash flow margin of 7.9%, earning a moderate score of 45/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Nutrien's ROE of 9.1% shows moderate profitability relative to equity, earning a score of 31/100. This is up from 2.9% the prior year.

Piotroski F-Score Strong

7/9

Nutrien passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.74x

For every $1 of reported earnings, Nutrien generates $1.74 in operating cash flow ($4.0B OCF vs $2.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$26.9B

YoY+3.5%

5Y CAGR+5.2%

Nutrien generated $26.9B in revenue in fiscal year 2025. This represents an increase of 3.5% from the prior year.

EBITDA

N/A

Net Income

$2.3B

YoY+228.1%

5Y CAGR+38.0%

Nutrien reported $2.3B in net income in fiscal year 2025. This represents an increase of 228.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$2.1B

YoY+40.7%

5Y CAGR+2.3%

Nutrien generated $2.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 40.7% from the prior year.

Cash & Debt

$701.0M

YoY-17.8%

5Y CAGR-13.6%

Nutrien held $701.0M in cash against $937.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

8.5%

YoY+5.8pp

5Y CAGR+6.3pp

Nutrien's net profit margin was 8.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.8 percentage points from the prior year.

Return on Equity

9.1%

YoY+6.2pp

5Y CAGR+7.0pp

Nutrien's ROE was 9.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 6.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$560.0M

YoY+194.7%

5Y CAGR+28.5%

Nutrien spent $560.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 194.7% from the prior year.

Capital Expenditures

$1.9B

YoY-7.1%

5Y CAGR+5.8%

Nutrien invested $1.9B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 7.1% from the prior year.

NTR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$26.9B+3.5%	$26.0B-10.6%	$29.1B-23.3%	$37.9B+36.7%	$27.7B+32.5%	$20.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$752.0M+72.5%	$436.0M-34.9%	$670.0M-73.8%	$2.6B+158.7%	$989.0M+1384.4%	-$77.0M
Net Income	$2.3B+228.1%	$700.0M-45.4%	$1.3B-83.3%	$7.7B+141.8%	$3.2B+592.6%	$459.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NTR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$52.3B+0.9%	$51.8B-1.7%	$52.7B-3.4%	$54.6B+9.3%	$50.0B+5.9%	$47.2B
Current Assets	$14.7B+6.9%	$13.8B-2.7%	$14.2B-13.3%	$16.3B+18.0%	$13.8B+20.7%	$11.5B
Cash & Equivalents	$701.0M-17.8%	$853.0M-9.4%	$941.0M+4.4%	$901.0M+80.6%	$499.0M-65.7%	$1.5B
Inventory	$7.0B+13.5%	$6.1B-3.0%	$6.3B-17.0%	$7.6B+20.6%	$6.3B+28.4%	$4.9B
Accounts Receivable	$5.7B+5.3%	$5.4B-0.1%	$5.4B-12.9%	$6.2B+15.4%	$5.4B+48.0%	$3.6B
Goodwill	$12.1B+0.8%	$12.0B-0.6%	$12.1B-2.1%	$12.4B+1.2%	$12.2B+0.2%	$12.2B
Total Liabilities	$26.9B-1.7%	$27.4B-0.5%	$27.5B-4.1%	$28.7B+9.4%	$26.3B+5.9%	$24.8B
Current Liabilities	$11.0B-8.3%	$12.0B-0.6%	$12.1B-15.1%	$14.3B+14.8%	$12.4B+46.7%	$8.5B
Long-Term Debt	$937.0M-6.2%	$999.0M0.0%	$999.0M+11.1%	$899.0M-3.7%	$934.0M+4.8%	$891.0M
Total Equity	$25.4B+3.8%	$24.4B-3.0%	$25.2B-2.6%	$25.9B+9.1%	$23.7B+5.8%	$22.4B
Retained Earnings	$12.1B+8.7%	$11.1B-3.7%	$11.5B-3.3%	$11.9B+45.6%	$8.2B+24.0%	$6.6B

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$52.3B+0.9%	$51.8B-1.7%	$52.7B-3.4%	$54.6B+9.3%	$50.0B+5.9%	$47.2B+0.8%	$46.8B+2.9%	$45.5B
Current Assets	$14.7B+6.9%	$13.8B-2.7%	$14.2B-13.3%	$16.3B+18.0%	$13.8B+20.7%	$11.5B+7.5%	$10.7B-8.5%	$11.7B
Cash & Equivalents	$701.0M-17.8%	$853.0M-9.4%	$941.0M+4.4%	$901.0M+80.6%	$499.0M-65.7%	$1.5B+116.7%	$671.0M-71.0%	$2.3B
Inventory	$7.0B+13.5%	$6.1B-3.0%	$6.3B-17.0%	$7.6B+20.6%	$6.3B+28.4%	$4.9B-0.9%	$5.0B+1.2%	$4.9B
Accounts Receivable	$5.7B+5.3%	$5.4B-0.1%	$5.4B-12.9%	$6.2B+15.4%	$5.4B+48.0%	$3.6B+2.4%	$3.5B+6.0%	$3.3B
Goodwill	$12.1B+0.8%	$12.0B-0.6%	$12.1B-2.1%	$12.4B+1.2%	$12.2B+0.2%	$12.2B+1.8%	$12.0B+4.9%	$11.4B
Total Liabilities	$26.9B-1.7%	$27.4B-0.5%	$27.5B-4.1%	$28.7B+9.4%	$26.3B+5.9%	$24.8B+3.6%	$23.9B+13.5%	$21.1B
Current Liabilities	$11.0B-8.3%	$12.0B-0.6%	$12.1B-15.1%	$14.3B+14.8%	$12.4B+46.7%	$8.5B-7.1%	$9.1B+9.5%	$8.3B
Long-Term Debt	$937.0M-6.2%	$999.0M0.0%	$999.0M+11.1%	$899.0M-3.7%	$934.0M+4.8%	$891.0M+3.7%	$859.0M+7058.3%	$12.0M
Total Equity	$25.4B+3.8%	$24.4B-3.0%	$25.2B-2.6%	$25.9B+9.1%	$23.7B+5.8%	$22.4B-2.2%	$22.9B-6.2%	$24.4B
Retained Earnings	$12.1B+8.7%	$11.1B-3.7%	$11.5B-3.3%	$11.9B+45.6%	$8.2B+24.0%	$6.6B-7.0%	$7.1B-8.3%	$7.7B

NTR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$4.0B+13.4%	$3.5B-30.2%	$5.1B-37.5%	$8.1B+108.7%	$3.9B+16.9%	$3.3B
Capital Expenditures	$1.9B-7.1%	$2.0B-16.1%	$2.4B+7.2%	$2.3B+26.8%	$1.8B+24.9%	$1.4B
Free Cash Flow	$2.1B+40.7%	$1.5B-43.0%	$2.7B-54.7%	$5.9B+177.7%	$2.1B+11.0%	$1.9B
Investing Cash Flow	-$1.4B+35.7%	-$2.1B+27.9%	-$3.0B-2.0%	-$2.9B-60.5%	-$1.8B-50.1%	-$1.2B
Financing Cash Flow	-$2.8B-93.9%	-$1.5B+29.5%	-$2.1B+56.4%	-$4.7B-57.5%	-$3.0B-124.3%	-$1.3B
Dividends Paid	$1.1B+0.1%	$1.1B+2.7%	$1.0B+0.1%	$1.0B-1.3%	$1.0B+1.5%	$1.0B
Share Buybacks	$560.0M+194.7%	$190.0M-81.0%	$1.0B-77.8%	$4.5B+306.9%	$1.1B+590.6%	$160.0M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NTR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.5%+5.8pp	2.7%-1.7pp	4.4%-15.9pp	20.3%+8.8pp	11.5%+9.3pp	2.2%
Return on Equity	9.1%+6.2pp	2.9%-2.2pp	5.1%-24.6pp	29.7%+16.3pp	13.4%+11.4pp	2.1%
Return on Assets	4.4%+3.0pp	1.4%-1.1pp	2.4%-11.7pp	14.1%+7.7pp	6.4%+5.4pp	1.0%
Current Ratio	1.34+0.2	1.15-0.0	1.17+0.0	1.14+0.0	1.11-0.2	1.35
Debt-to-Equity	0.040.0	0.040.0	0.040.0	0.030.0	0.040.0	0.04
FCF Margin	7.9%+2.1pp	5.8%-3.3pp	9.1%-6.3pp	15.5%+7.8pp	7.6%-1.5pp	9.1%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.34+0.2	1.15-0.0	1.17+0.0	1.14+0.0	1.11-0.2	1.35+0.2	1.17-0.2	1.40
Debt-to-Equity	0.040.0	0.040.0	0.040.0	0.030.0	0.040.0	0.040.0	0.04+0.0	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Nutrien's annual revenue?

Nutrien (NTR) reported $26.9B in total revenue for fiscal year 2025. This represents a 3.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Nutrien's revenue growing?

Nutrien (NTR) revenue grew by 3.5% year-over-year, from $26.0B to $26.9B in fiscal year 2025.

Is Nutrien profitable?

Yes, Nutrien (NTR) reported a net income of $2.3B in fiscal year 2025, with a net profit margin of 8.5%.

How much debt does Nutrien have?

As of fiscal year 2025, Nutrien (NTR) had $701.0M in cash and equivalents against $937.0M in long-term debt.

What is Nutrien's net profit margin?

Nutrien (NTR) had a net profit margin of 8.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Nutrien's return on equity (ROE)?

Nutrien (NTR) has a return on equity of 9.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Nutrien's free cash flow?

Nutrien (NTR) generated $2.1B in free cash flow during fiscal year 2025. This represents a 40.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Nutrien's operating cash flow?

Nutrien (NTR) generated $4.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Nutrien's total assets?

Nutrien (NTR) had $52.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Nutrien's capital expenditures?

Nutrien (NTR) invested $1.9B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Nutrien buy back shares?

Yes, Nutrien (NTR) spent $560.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Nutrien's current ratio?

Nutrien (NTR) had a current ratio of 1.34 as of fiscal year 2025, which is considered adequate.

What is Nutrien's debt-to-equity ratio?

Nutrien (NTR) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nutrien's return on assets (ROA)?

Nutrien (NTR) had a return on assets of 4.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Nutrien's Piotroski F-Score?

Nutrien (NTR) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Nutrien's earnings high quality?

Nutrien (NTR) has an earnings quality ratio of 1.74x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Nutrien?

Nutrien (NTR) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.