Nutrien Ltd. (NTR) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Agricultural Inputs
EV/EBITDA
↓
6.67
+6% vs avg
5yr avg: 6.30
30Y Low3.9·High18.1
P/FCF
↓
14.85
+5% vs avg
5yr avg: 14.11
30Y Low7.0·High53.9
P/B Ratio
↓
1.21
-8% vs avg
5yr avg: 1.31
30Y Low0.9·High1.8
ROE
↓
9.3%
↑-25% vs avg
5yr avg: 12.3%
30Y Low-19%·High66%
Debt/EBITDA
↑
2.03
+12% vs avg
5yr avg: 1.82
30Y Low0.6·High8.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NTR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Nutrien Ltd. trades at 13.3x earnings, 24% below its 5-year average of 17.5x, sitting at the 38th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a discount of 44%. On a free-cash-flow basis, the stock trades at 14.8x P/FCF, 5% above the 5-year average of 14.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $30.2B | $30.0B | $22.1B | $28.0B | $39.4B | $43.0B | $27.4B | $27.9B | $29.4B | — | — |
| Enterprise Value | $42.5B | $42.3B | $34.1B | $39.6B | $50.5B | $53.3B | $37.3B | $38.4B | $36.3B | — | — |
| P/E Ratio → | 13.26 | 13.02 | 32.90 | 22.26 | 5.36 | 13.75 | 56.66 | 27.53 | 8.22 | — | — |
| P/S Ratio | 1.11 | 1.10 | 0.85 | 0.96 | 1.04 | 1.55 | 1.31 | 1.39 | 1.50 | — | — |
| P/B Ratio | 1.21 | 1.19 | 0.91 | 1.11 | 1.52 | 1.81 | 1.22 | 1.22 | 1.20 | — | — |
| P/FCF | 14.85 | 14.74 | 16.02 | 11.35 | 7.00 | 21.46 | 15.47 | 15.75 | 53.89 | — | — |
| P/OCF | 7.42 | 7.36 | 6.26 | 5.53 | 4.86 | 11.06 | 8.26 | 7.62 | 14.31 | — | — |
P/E links to full P/E history page with 30-year chart
NTR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Nutrien Ltd.'s enterprise value stands at 6.7x EBITDA, 6% above its 5-year average of 6.3x. The Basic Materials sector median is 11.0x, placing the stock at a 39% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.54 | 1.31 | 1.36 | 1.33 | 1.92 | 1.79 | 1.91 | 1.85 | — | — |
| EV / EBITDA | 6.67 | 6.63 | 6.44 | 6.57 | 3.94 | 7.92 | 12.92 | 10.48 | 18.09 | — | — |
| EV / EBIT | 10.73 | 11.12 | 18.19 | 14.59 | 4.69 | 11.51 | 41.35 | 20.55 | 84.17 | — | — |
| EV / FCF | — | 20.75 | 24.68 | 16.07 | 8.96 | 26.63 | 21.05 | 21.63 | 66.57 | — | — |
NTR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Nutrien Ltd. earns an operating margin of 14.5%, above the Basic Materials sector average of 10.3%. Operating margins have expanded from 13.3% to 14.5% over the past 3 years, signaling improving operational efficiency. ROE of 9.3% is modest. ROIC of 8.0% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.0% | 31.0% | 29.0% | 29.2% | 40.7% | 34.0% | 25.1% | 27.4% | 27.5% | 15.3% | 18.6% |
| Operating Margin | 14.5% | 14.5% | 11.4% | 13.3% | 28.5% | 17.3% | 4.3% | 9.3% | 2.1% | 4.6% | 10.3% |
| Net Profit Margin | 8.4% | 8.4% | 2.6% | 4.3% | 20.2% | 11.4% | 2.2% | 4.9% | 18.2% | 7.2% | 7.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.3% | 9.3% | 2.7% | 4.9% | 30.9% | 13.7% | 2.0% | 4.2% | 21.8% | 4.0% | 4.0% |
| ROA | 4.4% | 4.4% | 1.3% | 2.3% | 14.7% | 6.5% | 1.0% | 2.1% | 11.4% | 1.9% | 1.9% |
| ROIC | 8.0% | 8.0% | 6.0% | 7.9% | 22.9% | 10.8% | 2.1% | 4.3% | 1.4% | 1.2% | 2.7% |
| ROCE | 9.8% | 9.8% | 7.3% | 9.5% | 27.8% | 12.5% | 2.4% | 5.0% | 1.6% | 1.3% | 2.9% |
NTR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Nutrien Ltd. carries a Debt/EBITDA ratio of 2.0x, which is manageable (17% below the sector average of 2.4x). Net debt stands at $12.2B ($12.9B total debt minus $700M cash). Interest coverage of 5.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.51 | 0.51 | 0.52 | 0.50 | 0.46 | 0.46 | 0.51 | 0.49 | 0.38 | 0.53 | 0.56 |
| Debt / EBITDA | 2.03 | 2.03 | 2.42 | 2.08 | 0.93 | 1.61 | 3.93 | 3.03 | 4.60 | 4.93 | 3.98 |
| Net Debt / Equity | — | 0.48 | 0.49 | 0.46 | 0.43 | 0.44 | 0.44 | 0.46 | 0.28 | 0.52 | 0.56 |
| Net Debt / EBITDA | 1.92 | 1.92 | 2.26 | 1.93 | 0.86 | 1.54 | 3.43 | 2.85 | 3.44 | 4.80 | 3.95 |
| Debt / FCF | — | 6.01 | 8.66 | 4.71 | 1.96 | 5.17 | 5.58 | 5.88 | 12.68 | 7.53 | 12.42 |
| Interest Coverage | 5.44 | 5.44 | 2.83 | 3.38 | 20.35 | 9.75 | 1.73 | 3.34 | 0.78 | 0.88 | 2.11 |
NTR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.34x means Nutrien Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.70x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.17x to 1.34x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.34 | 1.34 | 1.15 | 1.17 | 1.14 | 1.11 | 1.35 | 1.17 | 1.40 | 2.07 | 0.82 |
| Quick Ratio | 0.70 | 0.70 | 0.63 | 0.65 | 0.61 | 0.60 | 0.77 | 0.62 | 0.81 | 1.58 | 0.37 |
| Cash Ratio | 0.06 | 0.06 | 0.07 | 0.08 | 0.06 | 0.04 | 0.17 | 0.07 | 0.28 | 0.07 | 0.02 |
| Asset Turnover | — | 0.52 | 0.50 | 0.55 | 0.69 | 0.55 | 0.44 | 0.43 | 0.43 | 0.27 | 0.26 |
| Inventory Turnover | 2.71 | 2.71 | 3.00 | 3.25 | 2.94 | 2.89 | 3.18 | 2.93 | 2.90 | 4.89 | 4.72 |
| Days Sales Outstanding | — | 75.58 | 75.75 | 58.64 | 53.92 | 61.97 | 52.70 | 55.38 | 51.04 | 31.31 | 34.98 |
NTR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Nutrien Ltd. returns 5.4% to shareholders annually — split between a 3.5% dividend yield and 1.9% buyback yield. A payout ratio of 46.8% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 7.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.5% | 3.6% | 4.8% | 3.7% | 2.6% | 2.4% | 3.8% | 3.7% | 3.2% | — | — |
| Payout Ratio | 46.8% | 46.8% | 157.3% | 82.0% | 13.5% | 33.1% | 224.4% | 103.0% | 26.6% | 100.9% | 240.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.5% | 7.7% | 3.0% | 4.5% | 18.6% | 7.3% | 1.8% | 3.6% | 12.2% | — | — |
| FCF Yield | 6.7% | 6.8% | 6.2% | 8.8% | 14.3% | 4.7% | 6.5% | 6.4% | 1.9% | — | — |
| Buyback Yield | 1.9% | 1.9% | 0.8% | 3.7% | 11.5% | 2.4% | 0.6% | 6.9% | 6.1% | — | — |
| Total Shareholder Yield | 5.4% | 5.5% | 5.6% | 7.4% | 14.1% | 4.8% | 4.3% | 10.6% | 9.4% | — | — |
| Shares Outstanding | — | $487M | $494M | $497M | $540M | $571M | $570M | $583M | $625M | $336M | $336M |
Peer Comparison
Compare NTR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 NTRYou | $30B | 13.3 | 6.7 | 14.8 | 31.0% | 14.5% | 9.3% | 8.0% | 2.0 |
 MOS | $7B | 13.5 | 5.5 | — | 15.1% | 8.7% | 4.5% | 4.8% | 2.4 |
 CF | $16B | 11.5 | 5.4 | 8.8 | 38.5% | 33.4% | 18.9% | 18.7% | 1.2 |
 ICL | $7B | 28.6 | 6.9 | 51.0 | 30.6% | 9.8% | 3.7% | 6.3% | 2.1 |
 SMG | $4B | 26.2 | 14.1 | 13.7 | 30.6% | 10.5% | — | 13.3% | 5.5 |
 AVD | $76M | -1.5 | 7.8 | — | 28.6% | 2.7% | -23.4% | 2.7% | 5.9 |
 FMC | $1B | -0.6 | — | — | 37.0% | -54.4% | -67.8% | -21.2% | — |
 CTVA | $53B | 49.1 | 13.3 | 18.7 | 43.6% | 15.1% | 4.5% | 8.5% | 0.7 |
 UAN | $1B | 11.9 | 8.0 | 11.9 | 27.0% | 21.4% | 35.3% | 12.2% | 2.8 |
 DE | $159B | 31.9 | 20.2 | 49.2 | 36.5% | 18.8% | 20.5% | 7.8% | 6.0 |
 BG | $22B | 22.9 | 21.4 | — | 4.5% | 1.5% | 5.8% | 3.3% | 9.6 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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NTR — Frequently Asked Questions
Quick answers to the most common questions about buying NTR stock.
What is Nutrien Ltd.'s P/E ratio?
Nutrien Ltd.'s current P/E ratio is 13.3x. The historical average is 22.5x. This places it at the 38th percentile of its historical range.
What is Nutrien Ltd.'s EV/EBITDA?
Nutrien Ltd.'s current EV/EBITDA is 6.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.1x.
What is Nutrien Ltd.'s ROE?
Nutrien Ltd.'s return on equity (ROE) is 9.3%. The historical average is 15.0%.
Is NTR stock overvalued?
Based on historical data, Nutrien Ltd. is trading at a P/E of 13.3x. This is at the 38th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Nutrien Ltd.'s dividend yield?
Nutrien Ltd.'s current dividend yield is 3.53% with a payout ratio of 46.8%.
What are Nutrien Ltd.'s profit margins?
Nutrien Ltd. has 31.0% gross margin and 14.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Nutrien Ltd. have?
Nutrien Ltd.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.