Reading the tape
NYSE: NTR
Nutrien Ltd.
Basic Materials · Agricultural Inputs
Market Cap
$37.17B
52w High
$85.36
52w Low
$53.03
P/E
16.44
Volume
1.72M
Outstanding Shares
481.16M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 37.07%Revenue (TTM): 3.57%FCF (TTM): 39.45%P/FCF: 72nd pct
What changed
The stock rose 37.07% over the last year. Revenue grew 3.57% over the trailing twelve months. Operating margin moved from 7.7% to 13.38%. Free cash flow grew 39.45% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (72nd percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 13.38% — continued expansion would be needed to justify the premium. Revenue growth of 3.57% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Nutrien Ltd. provides crop inputs and services.
CEOKenneth A. Seitz
SectorBasic Materials
IndustryAgricultural Inputs
Employees25,500
IPO dateJan 2, 2018
Valuation
Forward P/E—
EV/EBITDA6.80
Enterprise value$42.25B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth6.75%
Gross margin31.06%▲7.09%vs FY2024
Operating margin13.38%▲27.41%vs FY2024
ROE9.13%▲230.46%vs FY2024
Analyst consensus
RatingBuy
Target price$84.25▲9.05%
20
Buy
10
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
Q2 FY26 · EPS est $0.48 · Revenue est $5.29B
View
Dividends
$2.19/shareQuarterly7yr growth streakSafeNTR pays a dividend with a 2.83% dividend yield, 7 consecutive years of growth, growing at 3.84% annually, covered 1.9× by free cash flow.
Dividend Yield
2.83%
Annual Div / Share
$2.19
5yr CAGR
+3.84%
Doubles every ~18.4yr
Payout Ratio
46.77%
Safe
Dividend Growth Rate
3yr CAGR
+3.51%
5yr CAGR
+3.84%
Dividend Safety
8/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$2.19+0.9%
2024$2.17+1.6%
2023$2.13+8.1%
2022$1.97+5.9%
2021$1.86+2.8%
2020$1.81+1.7%
2019$1.78+7.2%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$28/yr
$2/mo
In 5 yrs
$34/yr+21%
$3/mo
In 10 yrs
$41/yr+46%
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$28/yr $2/mo | $34/yr+21% $3/mo | $41/yr+46% $3/mo |
Yield-on-cost grows from 2.83% → 4.12% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 1.9× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.