NTR financial statements

The full income statement, balance sheet, and cash-flow statement for Nutrien Ltd. (NTR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2017-12 840.3M2018-12 608.5M2019-12 572.9M2020-12 569.3M2021-12 571.3M2022-12 540.0M2023-12 497.0M2024-12 494.4M2025-12 486.5M-42.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	26.9B YoY+3.5%	26.0B YoY-10.6%	29.1B YoY-23.3%	37.9B YoY+36.7%	27.7B YoY+32.5%
	8.35B YoY+10.8%	7.53B YoY-11.1%	8.47B YoY-45.1%	15.4B YoY+63.9%	9.41B YoY+79.6%
Cost of revenue	17.6B YoY+0.7%	17.5B YoY-10.8%	19.6B YoY-9.2%	21.6B YoY+23.7%	17.5B YoY+17.8%
Operating income	3.74B YoY+101.3%	1.86B YoY-32.4%	2.75B YoY-74.6%	10.8B YoY+126.1%	4.78B YoY+430.0%
Interest expense	687M YoY-4.6%	720M YoY-9.2%	793M YoY+40.9%	563M YoY-8.2%	613M YoY+17.9%
Pre-tax income	3.05B YoY+168.4%	1.14B YoY-41.8%	1.95B YoY-80.9%	10.2B YoY+145.8%	4.17B YoY+991.1%
Income tax	752M YoY+72.5%	436M YoY-34.9%	670M YoY-73.8%	2.56B YoY+158.7%	989M YoY+1384.4%
	2.30B YoY+228.1%	700M YoY-45.4%	1.28B YoY-83.3%	7.69B YoY+141.8%	3.18B YoY+592.6%
Net income to common	2.27B YoY+236.4%	674M YoY-46.4%	1.26B YoY-83.6%	7.66B YoY+142.9%	3.15B YoY+586.9%
	$4.66 YoY+242.6%	$1.36 YoY-46.2%	$2.53 YoY-82.2%	$14.18 YoY+156.9%	$5.52 YoY+581.5%
EPS (basic)	$4.66 YoY+242.6%	$1.36 YoY-46.2%	$2.53 YoY-82.2%	$14.22 YoY+157.1%	$5.53 YoY+582.7%
	486M YoY-1.6%	494M YoY-0.4%	496M YoY-7.8%	538M YoY-5.5%	570M YoY+0.0%
	487M YoY-1.6%	494M YoY-0.5%	497M YoY-8.0%	540M YoY-5.5%	571M YoY+0.3%
Dividends per share	$2.18 YoY+0.8%	$2.16 YoY+1.9%	$2.12 YoY+10.4%	$1.92 YoY+4.9%	$1.83 YoY+1.3%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	14.7B YoY+6.9%	13.8B YoY-2.7%	14.2B YoY-13.3%	16.3B YoY+18.0%	13.8B YoY+20.7%
Cash & equivalents	701M YoY-17.8%	853M YoY-9.4%	941M YoY+4.4%	901M YoY+80.6%	499M YoY-65.7%
Accounts receivable	5.67B YoY+5.3%	5.39B YoY-0.1%	5.40B YoY-12.9%	6.19B YoY+15.4%	5.37B YoY+48.0%
Inventory	6.98B YoY+13.5%	6.15B YoY-3.0%	6.34B YoY-17.0%	7.63B YoY+20.6%	6.33B YoY+28.4%
	52.3B YoY+0.9%	51.8B YoY-1.7%	52.7B YoY-3.4%	54.6B YoY+9.3%	50.0B YoY+5.9%
Property, plant & equipment	—	—	—	21.8B YoY+8.7%	20.0B YoY+1.8%
Goodwill	12.1B YoY+0.8%	12.0B YoY-0.6%	12.1B YoY-2.1%	12.4B YoY+1.2%	12.2B YoY+0.2%
	11.0B YoY-8.3%	12.0B YoY-0.6%	12.1B YoY-15.1%	14.3B YoY+14.8%	12.4B YoY+46.7%
Short-term & current debt	513M YoY-50.5%	1.04B YoY+102.5%	512M YoY-5.5%	542M YoY-0.6%	545M YoY+3792.9%
	26.9B YoY-1.7%	27.4B YoY-0.5%	27.5B YoY-4.1%	28.7B YoY+9.4%	26.3B YoY+5.9%
Long-term debt	9.35B YoY+5.3%	8.88B YoY-0.4%	8.91B YoY+10.9%	8.04B YoY+6.9%	7.52B YoY-25.1%
	25.3B YoY+3.8%	24.4B YoY-3.0%	25.2B YoY-2.6%	25.8B YoY+9.2%	23.7B YoY+5.8%
Total equity incl. non-controlling	25.4B YoY+3.8%	24.4B YoY-3.0%	25.2B YoY-2.6%	25.9B YoY+9.1%	23.7B YoY+5.8%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.01B YoY+13.4%	3.54B YoY-30.2%	5.07B YoY-37.5%	8.11B YoY+108.7%	3.89B YoY+16.9%
Depreciation & amortization	2.37B YoY+1.3%	2.34B YoY+7.8%	2.17B YoY+7.8%	2.01B YoY+3.1%	1.95B YoY-1.9%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Long-term debt issued	998M YoY-2.3%	1.02B YoY-31.9%	1.50B YoY+43.5%	1.04B YoY+1115.1%	86.0M YoY-94.4%
Long-term debt repaid	1.09B YoY+65.3%	659M YoY+1.7%	648M YoY+15.5%	561M YoY-74.6%	2.21B YoY+334.6%
Common stock issued	38.0M YoY+111.1%	18.0M YoY-45.5%	33.0M YoY-80.4%	168M YoY-16.0%	200M
Common stock repurchased	560M YoY+194.7%	190M YoY-81.0%	1.00B YoY-77.8%	4.50B YoY+306.9%	1.10B YoY+590.6%
Dividends paid	1.06B YoY-0.4%	1.06B YoY+1.2%	1.05B YoY+3.0%	1.02B YoY-2.6%	1.05B YoY+1.7%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	30.0B YoY+35.7%	22.1B YoY-27.3%	30.4B YoY-27.1%	41.7B YoY-2.9%	43.0B YoY+56.7%
P/E	13.1× YoY-58.6%	31.6× YoY+698.7%	4.0× YoY-69.8%	13.1× YoY-2.9%	13.5× YoY-77.4%
P/S	1.1× YoY+31.1%	0.9× YoY+6.1%	0.8× YoY-46.7%	1.5× YoY-2.9%	1.6× YoY+18.2%
P/B	1.2× YoY+30.8%	0.9× YoY-23.1%	1.2× YoY-33.2%	1.8× YoY-2.9%	1.8× YoY+48.2%
	7.6% YoY+141.8%	3.2% YoY-87.5%	25.3% YoY+231.7%	7.6% YoY+3.0%	7.4% YoY+342.0%
	3.5% YoY-26.9%	4.8% YoY+28.3%	3.8% YoY+43.2%	2.6% YoY+8.0%	2.4% YoY-35.1%
Source filing	40-F	40-F	40-F	40-F	40-F

About this data

Source: NTR's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NTR filings on SEC EDGAR → Not investment advice.