Nutrien Ltd. (NTR) 10-Year Financial Performance & Capital Metrics

NTR • • Industrial / General

Basic MaterialsAgricultural InputsAgricultural Retail & DistributionAgricultural Input Retailers

AboutNutrien 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 through approximately 2,000 retail locations in the United States, Canada, South America, and Australia. In addition, it provides services directly to growers through a network of farm centers in North America, South America, and Australia. The company was founded in 2017 and is headquartered in Saskatoon, Canada.Show more

Revenue $25.97B -10.6%
EBITDA $5.29B -12.3%
Net Income $674M -46.4%
EPS (Diluted) 1.36 -46.2%
Gross Margin 28.99% -0.6%
EBITDA Margin 20.37% -1.8%
Operating Margin 11.36% -14.5%
Net Margin 2.6% -40.1%
ROE 2.72% -44.9%
ROIC 6.05% -23.0%
Debt/Equity 0.52 +5.1%
Interest Coverage 4.47 -6.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.5%
✓Trading at only 1.2x book value

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.82%

5Y5.28%

3Y-2.14%

TTM0%

Profit (Net Income) CAGR

10Y-7.91%

5Y-7.44%

3Y-40.21%

TTM146.09%

EPS CAGR

10Y-11.38%

5Y-4.81%

3Y-37.12%

TTM146.75%

ROCE

10Y Avg8.16%

5Y Avg11.91%

3Y Avg14.89%

Latest7.34%

Peer Comparison

Agricultural Input Retailers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NTRNutrien Ltd.	29.64B	61.33	45.10	-10.61%	6.79%	7.17%	4.66%	0.52
LVROLavoro Limited	101.87M	0.89	-0.13	0.48%	-10.4%	-86.78%	50.39%	1.36

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.28B	4.46B	4.55B	19.64B	20.08B	20.91B	27.71B	37.88B	29.06B	25.97B
Revenue Growth %	-0.12%	-0.29%	0.02%	3.32%	0.02%	0.04%	0.33%	0.37%	-0.23%	-0.11%
Cost of Goods Sold+	4.01B	3.63B	3.85B	14.24B	14.58B	15.67B	18.3B	22.46B	20.58B	18.44B
COGS % of Revenue	0.64%	0.81%	0.85%	0.73%	0.73%	0.75%	0.66%	0.59%	0.71%	0.71%
Gross Profit+	2.27B	830M	694M	5.39B	5.5B	5.24B	9.41B	15.42B	8.47B	7.53B
Gross Margin %	0.36%	0.19%	0.15%	0.27%	0.27%	0.25%	0.34%	0.41%	0.29%	0.29%
Gross Profit Growth %	-0.14%	-0.63%	-0.16%	6.77%	0.02%	-0.05%	0.8%	0.64%	-0.45%	-0.11%
Operating Expenses+	516M	371M	485M	4.98B	3.64B	4.34B	4.63B	4.62B	4.61B	4.58B
OpEx % of Revenue	0.08%	0.08%	0.11%	0.25%	0.18%	0.21%	0.17%	0.12%	0.16%	0.18%
Selling, General & Admin	239M	212M	214M	2.88B	3.01B	3.31B	3.82B	4.09B	4.06B	4.17B
SG&A % of Revenue	0.04%	0.05%	0.05%	0.15%	0.15%	0.16%	0.14%	0.11%	0.14%	0.16%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	277M	159M	271M	2.1B	627M	1.03B	807M	523M	550M	406M
Operating Income+	1.75B	459M	209M	414M	1.86B	902M	4.78B	10.81B	3.86B	2.95B
Operating Margin %	0.28%	0.1%	0.05%	0.02%	0.09%	0.04%	0.17%	0.29%	0.13%	0.11%
Operating Income Growth %	-0.25%	-0.74%	-0.54%	0.98%	3.5%	-0.52%	4.3%	1.26%	-0.64%	-0.24%
EBITDA+	2.44B	1.15B	901M	2.01B	3.66B	2.89B	6.73B	12.82B	6.03B	5.29B
EBITDA Margin %	0.39%	0.26%	0.2%	0.1%	0.18%	0.14%	0.24%	0.34%	0.21%	0.2%
EBITDA Growth %	-0.2%	-0.53%	-0.22%	1.23%	0.83%	-0.21%	1.33%	0.9%	-0.53%	-0.12%
D&A (Non-Cash Add-back)	685M	695M	692M	1.59B	1.8B	1.99B	1.95B	2.01B	2.17B	2.34B
EBIT	1.75B	462M	211M	431M	1.87B	903M	4.63B	10.77B	2.72B	1.87B
Net Interest Income+	-192M	-216M	-238M	-538M	-554M	-520M	-466.86M	-505.16M	-768.85M	-634.02M
Interest Income	2M	3M	2M	17M	5M	1M	7.93M	24.01M	35.64M	26.66M
Interest Expense	194M	219M	240M	555M	559M	521M	474.79M	529.17M	804.49M	660.68M
Other Income/Expense	-192M	-216M	-238M	-538M	-554M	-520M	-613M	-563M	-1.91B	-1.81B
Pretax Income+	1.56B	243M	-29M	-124M	1.31B	382M	4.17B	10.25B	1.95B	1.14B
Pretax Margin %	0.25%	0.05%	-0.01%	-0.01%	0.07%	0.02%	0.15%	0.27%	0.07%	0.04%
Income Tax+	446M	44M	-183M	-93M	316M	-77M	989M	2.56B	670M	436M
Effective Tax Rate %	0.81%	1.38%	-11.28%	-28.81%	0.76%	1.2%	0.76%	0.75%	0.64%	0.59%
Net Income+	1.27B	336M	327M	3.57B	992M	459M	3.15B	7.66B	1.26B	674M
Net Margin %	0.2%	0.08%	0.07%	0.18%	0.05%	0.02%	0.11%	0.2%	0.04%	0.03%
Net Income Growth %	-0.17%	-0.74%	-0.03%	9.93%	-0.72%	-0.54%	5.87%	1.43%	-0.84%	-0.46%
Net Income (Continuing)	1.11B	199M	154M	-31M	992M	459M	3.18B	7.69B	1.28B	700M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	38M	47M	45M	45M	35M
EPS (Diluted)+	3.80	1.00	0.98	5.72	1.74	0.85	5.47	13.62	2.53	1.36
EPS Growth %	-0.16%	-0.74%	-0.02%	4.84%	-0.7%	-0.51%	5.44%	1.49%	-0.81%	-0.46%
EPS (Basic)	3.80	1.00	0.98	5.76	1.74	0.85	5.49	13.66	2.53	1.36
Diluted Shares Outstanding	334.94M	335.78M	336.13M	624.9M	583.1M	569.69M	571.29M	540.01M	496.99M	494.37M
Basic Shares Outstanding	333.66M	335.57M	336.03M	620M	582.27M	569.66M	569.66M	538.48M	496.38M	494.37M
Dividend Payout Ratio	0.95%	2.41%	1.01%	0.27%	1.03%	2.24%	0.33%	0.13%	0.82%	1.57%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.55B	1.39B	3.32B	11.66B	10.66B	11.47B	13.85B	16.34B	14.17B	13.79B
Cash & Short-Term Investments	91M	32M	116M	2.31B	671M	1.45B	499M	901M	941M	853M
Cash Only	91M	32M	116M	2.31B	671M	1.45B	499M	901M	941M	853M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	468M	427M	390M	2.75B	3.05B	3.02B	4.71B	5.6B	4.67B	5.39B
Days Sales Outstanding	27.2	34.98	31.31	51.04	55.38	52.7	61.97	53.92	58.64	75.75
Inventory	749M	768M	788M	4.92B	4.97B	4.93B	6.33B	7.63B	6.34B	6.15B
Days Inventory Outstanding	68.18	77.31	74.65	126	124.53	114.84	126.19	124.03	112.36	121.68
Other Current Assets	172M	118M	1.96B	596M	495M	607M	661M	598M	730M	0
Total Non-Current Assets+	15.92B	15.86B	13.68B	33.84B	36.13B	35.72B	36.11B	38.24B	38.58B	38.05B
Property, Plant & Equipment	13.21B	13.34B	12.97B	18.8B	20.34B	19.66B	20.02B	21.77B	22.46B	22.6B
Fixed Asset Turnover	0.48x	0.33x	0.35x	1.04x	0.99x	1.06x	1.38x	1.74x	1.29x	1.15x
Goodwill	97M	97M	97M	11.43B	11.99B	12.2B	12.22B	12.37B	12.11B	12.04B
Intangible Assets	95M	83M	69M	2.21B	2.43B	2.39B	2.34B	2.3B	2.22B	1.82B
Long-Term Investments	2.23B	2.11B	292M	878M	821M	562M	703M	843M	736M	698M
Other Non-Current Assets	275M	250M	228M	309M	315M	672M	567M	521M	574M	483M
Total Assets+	17.47B	17.27B	17B	45.5B	46.8B	47.19B	49.95B	54.59B	52.75B	51.84B
Asset Turnover	0.36x	0.26x	0.27x	0.43x	0.43x	0.44x	0.55x	0.69x	0.55x	0.50x
Asset Growth %	-0.01%	-0.01%	-0.02%	1.68%	0.03%	0.01%	0.06%	0.09%	-0.03%	-0.02%
Total Current Liabilities+	1.75B	1.7B	1.6B	8.34B	9.13B	8.48B	12.44B	14.28B	12.12B	12.04B
Accounts Payable	426M	340M	255M	3.05B	4.02B	4.42B	5.18B	5.8B	5.48B	5.36B
Days Payables Outstanding	38.78	34.23	24.16	78.23	100.52	102.84	103.28	94.21	97.13	106.06
Short-Term Debt	517M	884M	730M	1.62B	1.48B	173M	2.1B	2.68B	2.33B	2.57B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	642M	330M	438M	3.02B	2.15B	2.31B	3.14B	3.71B	2.6B	2.47B
Current Ratio	0.89x	0.82x	2.07x	1.40x	1.17x	1.35x	1.11x	1.14x	1.17x	1.15x
Quick Ratio	0.46x	0.37x	1.58x	0.81x	0.62x	0.77x	0.60x	0.61x	0.65x	0.63x
Cash Conversion Cycle	56.61	78.06	81.8	98.81	79.38	64.7	84.88	83.74	73.87	91.36
Total Non-Current Liabilities+	7.34B	7.36B	7.09B	12.74B	14.8B	16.31B	13.81B	14.44B	15.43B	15.35B
Long-Term Debt	3.71B	3.71B	3.71B	7.58B	8.55B	10.05B	7.52B	8.04B	8.91B	8.88B
Capital Lease Obligations	0	0	0	12M	859M	891M	934M	899M	999M	999M
Deferred Tax Liabilities	2.44B	2.46B	2.21B	2.91B	3.15B	3.15B	3.17B	3.55B	3.57B	3.54B
Other Non-Current Liabilities	1.19B	1.19B	1.18B	2.24B	2.24B	2.22B	2.19B	1.96B	1.94B	1.93B
Total Liabilities	9.09B	9.06B	8.7B	21.08B	23.93B	24.79B	26.25B	28.72B	27.55B	27.4B
Total Debt+	4.23B	4.59B	4.44B	9.22B	11.1B	11.36B	10.85B	11.93B	12.57B	12.81B
Net Debt	4.14B	4.56B	4.33B	6.91B	10.43B	9.91B	10.35B	11.03B	11.63B	11.95B
Debt / Equity	0.50x	0.56x	0.53x	0.38x	0.49x	0.51x	0.46x	0.46x	0.50x	0.52x
Debt / EBITDA	1.73x	3.98x	4.93x	4.60x	3.03x	3.93x	1.61x	0.93x	2.08x	2.42x
Net Debt / EBITDA	1.70x	3.95x	4.80x	3.44x	2.85x	3.43x	1.54x	0.86x	1.93x	2.26x
Interest Coverage	9.04x	2.10x	0.87x	0.75x	3.33x	1.73x	10.07x	20.43x	4.80x	4.47x
Total Equity+	8.38B	8.21B	8.3B	24.43B	22.87B	22.4B	23.7B	25.86B	25.2B	24.44B
Equity Growth %	-0.05%	-0.02%	0.01%	1.94%	-0.06%	-0.02%	0.06%	0.09%	-0.03%	-0.03%
Book Value per Share	25.03	24.46	24.70	39.09	39.22	39.33	41.48	47.89	50.71	49.44
Total Shareholders' Equity	8.38B	8.21B	8.3B	24.43B	22.87B	22.36B	23.65B	25.82B	25.16B	24.41B
Common Stock	1.75B	1.8B	1.81B	16.74B	15.77B	15.67B	15.46B	14.17B	13.84B	13.75B
Retained Earnings	6.46B	6.22B	6.24B	7.75B	7.1B	6.61B	8.19B	11.93B	11.53B	11.11B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-50M	-25M	25M	-291M	-251M	-119M	-146M	-391M	-296M	-515M
Minority Interest	0	0	0	0	0	38M	47M	45M	45M	35M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.34B	1.26B	1.23B	2.05B	3.67B	3.32B	3.89B	8.11B	5.07B	3.54B
Operating CF Margin %	0.37%	0.28%	0.27%	0.1%	0.18%	0.16%	0.14%	0.21%	0.17%	0.14%
Operating CF Growth %	-0.11%	-0.46%	-0.03%	0.68%	0.79%	-0.09%	0.17%	1.09%	-0.38%	-0.3%
Net Income	1.27B	323M	327M	-826M	992M	459M	3.18B	7.69B	1.28B	700M
Depreciation & Amortization	685M	695M	692M	1.59B	1.8B	1.99B	1.95B	2.01B	2.17B	2.34B
Stock-Based Compensation	22M	2M	11M	116M	104M	69M	198M	63M	-14M	37M
Deferred Taxes	204M	-22M	-273M	687M	177M	-9M	-31M	455M	-58M	78M
Other Non-Cash Items	30M	202M	396M	1.62B	103M	241M	250M	-959M	1.18B	868M
Working Capital Changes	127M	60M	72M	-1.14B	490M	574M	-1.66B	-1.15B	507M	-487M
Change in Receivables	259M	114M	47M	-153M	-64M	145M	-1.67B	-919M	879M	-224M
Change in Inventory	-99M	-21M	-10M	-887M	190M	85M	-1.46B	-1.28B	1.38B	60M
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-1.28B	-895M	-652M	3.89B	-2.8B	-1.2B	-1.81B	-2.9B	-2.96B	-2.13B
Capital Expenditures	-1.22B	-893M	-651M	-1.41B	-1.73B	-1.42B	-1.88B	-2.48B	-2.6B	-2.15B
CapEx % of Revenue	0.19%	0.2%	0.14%	0.07%	0.09%	0.07%	0.07%	0.07%	0.09%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-67M	-2M	-1M	5.39B	39M	14M	165M	-19M	-62M	110M
Cash from Financing+	-1.18B	-424M	-489M	-3.71B	-2.48B	-1.34B	-3B	-4.73B	-2.06B	-1.45B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1.2B	-809M	-330M	-952M	-1.02B	-1.03B	-1.04B	-1.03B	-1.03B	-1.06B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-1M	-21M	-29M	-15M	-21M	-20M	-34M	-46M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.12B	367M	574M	545M	1.77B	1.77B	2B	5.63B	2.47B	1.38B
FCF Margin %	0.18%	0.08%	0.13%	0.03%	0.09%	0.08%	0.07%	0.15%	0.08%	0.05%
FCF Growth %	-0.24%	-0.67%	0.56%	-0.05%	2.26%	0%	0.13%	1.81%	-0.56%	-0.44%
FCF per Share	3.35	1.09	1.71	0.87	3.04	3.11	3.50	10.43	4.96	2.79
FCF Conversion (FCF/Net Income)	1.84x	3.75x	3.75x	0.57x	3.69x	7.24x	1.23x	1.06x	4.03x	5.24x
Interest Paid	193M	189M	198M	507M	505M	498M	491M	482M	729M	740M
Taxes Paid	717M	50M	83M	1.16B	29M	156M	435M	1.88B	1.76B	321M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	14.79%	4.05%	3.96%	21.83%	4.2%	2.03%	13.68%	30.91%	4.93%	2.72%
Return on Invested Capital (ROIC)	10.38%	2.72%	1.23%	1.41%	4.32%	2.06%	10.81%	22.86%	7.85%	6.05%
Gross Margin	36.14%	18.63%	15.26%	27.46%	27.39%	25.06%	33.95%	40.71%	29.16%	28.99%
Net Margin	20.23%	7.54%	7.19%	18.2%	4.94%	2.2%	11.38%	20.22%	4.33%	2.6%
Debt / Equity	0.50x	0.56x	0.53x	0.38x	0.49x	0.51x	0.46x	0.46x	0.50x	0.52x
Interest Coverage	9.04x	2.10x	0.87x	0.75x	3.33x	1.73x	10.07x	20.43x	4.80x	4.47x
FCF Conversion	1.84x	3.75x	3.75x	0.57x	3.69x	7.24x	1.23x	1.06x	4.03x	5.24x
Revenue Growth	-11.75%	-29.03%	2.04%	331.85%	2.28%	4.1%	32.54%	36.71%	-23.3%	-10.61%

Frequently Asked Questions

Valuation & Price

Nutrien Ltd. (NTR) has a price-to-earnings (P/E) ratio of 45.1x. This suggests investors expect higher future growth.

Growth & Financials

Nutrien Ltd. (NTR) reported $26.56B in revenue for fiscal year 2024. This represents a 205% increase from $8.71B in 2011.

Nutrien Ltd. (NTR) saw revenue decline by 10.6% over the past year.

Yes, Nutrien Ltd. (NTR) is profitable, generating $1.80B in net income for fiscal year 2024 (2.6% net margin).

Dividend & Returns

Yes, Nutrien Ltd. (NTR) pays a dividend with a yield of 3.50%. This makes it attractive for income-focused investors.

Nutrien Ltd. (NTR) has a return on equity (ROE) of 2.7%. This is below average, suggesting room for improvement.

Nutrien Ltd. (NTR) generated $2.22B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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