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World's largest crop-nutrient (potash, nitrogen, phosphate) producer, also operating a large agricultural retail network.
World's largest crop-nutrient (potash, nitrogen, phosphate) producer, also operating a large agricultural retail network.
Formed in 2018 by merging PotashCorp and Agrium, so it pairs mining with retail. Potash is mined in Saskatchewan and sold overseas largely through Canpotex, an export marketing company owned by the Saskatchewan producers, while the farm-retail stores swing less than commodity fertilizer prices.
In one line: Canada's Mosaic, at larger scale, with a retail arm.
Moat: narrow (scale, cost advantage, installed base). World-leading low-cost potash reserves plus an owned retail network that captures farmer demand directly.
Headquarters: Saskatoon, Canada · Founded: 2018 · Employees: 25,100
Size Nutrien (NTR.TO) is a Canada Materials company (Chemicals: Agricultural) with a market value of $34.3B, the 34th largest of 420 Canada companies the cockpit tracks. Shares closed at C$100.86 on 6 Nov 2026.
Performance Over six months the shares gained 8.1%, against -24.3% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 7.8% over the last twelve months (peer median +5.5%); the operating margin is 13.8% (peer median 11.6%).
Valuation It trades at 13.2× forward earnings against a peer median of 14.8× (8th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.5 points below its cost of capital (7.9% WACC).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$39.0B | C$37.6B | C$35.6B | C$39.2B | C$49.3B |
| Revenue growth | — | +6% | -9% | -20% | — |
| Gross profit | C$12.1B | C$10.5B | C$9.18B | C$10.3B | C$19.0B |
| EBITDA | C$8.77B | C$8.39B | C$7.15B | C$8.13B | C$15.7B |
| Net income | C$3.30B | C$3.17B | C$923M | C$1.70B | C$9.97B |
| Free cash flow | C$3.06B | C$2.97B | C$2.07B | C$3.51B | C$7.66B |
| Capital expenditure | C$2.91B | C$2.80B | C$2.95B | C$3.61B | C$3.17B |
| Total debt | C$18.1B | C$16.5B | C$18.4B | C$16.6B | C$16.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nutrien NTR.TO | $34.3B | +8% | +8% | 14% | 13.2× | 4.1% |
| Mosaic Company (The) MOS | $7.11B | +2% | 0% | 3% | 26.2× | n/a |
| CF Industries CF | $18.1B | +4% | +20% | 41% | 9.8× | -11.8% |
| Yara International YAR.OL | $11.0B | -26% | +2% | 13% | 8.2× | -6.9% |
| ICL ICL | $6.04B | -27% | +11% | 11% | 11.5× | 3.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NTR.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.0% | -2.2% | 8th highest of 21 |
| 6-month return | +8.1% | -24.3% | 2nd highest of 21 |
| Distance from 52-week high | -13.8% | -33.1% | 2nd highest of 21 |
| Revenue growth (TTM) | +7.8% | +5.5% | 8th highest of 21 |
| Operating margin | 13.8% | 11.6% | 7th highest of 21 |
| Forward P/E | 13.2× | 14.8× | 8th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 4.1% | 3.5% | 6th most demanding of 12 |
| Growth delivered (Del g) | +6.0% | +6.0% | 6th highest of 12 |
| Hurdle (Req g minus delivered) | -1.9 pp | -3.8 pp | 5th most demanding of 12 |
| ROIC minus cost of capital | -0.5 pp | +0.8 pp | 10th lowest of 21 |
| EV / EBITDA | 7.4× | 7.7× | 5th cheapest of 10 |
| Net debt / EBITDA | 1.9× | 2.3× | 6th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nutrien NTR.TO | Canada | $34.3B | +8% | +8% | 14% | 13.2× | 4.1% | +6.0% |
| CF Industries CF | United States | $18.1B | +4% | +20% | 41% | 9.8× | -11.8% | +11.4% |
| Qinghai Salt Lake Industry 000792.SZ | China | $17.8B | -41% | +48% | 57% | 9.9× | -2.7% | +2.0% |
| Yara International YAR.OL | Norway | $11.0B | -26% | +2% | 13% | 8.2× | -6.9% | +8.3% |
| Mosaic Company (The) MOS | United States | $7.11B | +2% | 0% | 3% | 26.2× | n/a | n/a |
| ICL ICL | United States | $6.04B | -27% | +11% | 11% | 11.5× | 3.5% | +7.2% |
| Fertilizers & Chemicals Travancore FACT.NS | India | $5.14B | -18% | +32% | 0% | n/a | n/a | n/a |
| UPL UPL.NS | India | $4.78B | -18% | +10% | 14% | 14.8× | 10.9% | +6.0% |
| Dyno Nobel DNL.AX | Australia | $4.64B | +6% | -17% | 15% | 21.1× | n/a | n/a |
| Scotts Miracle-Gro SMG | United States | $3.77B | +6% | -4% | 14% | 13.6× | 7.5% | -7.8% |
| Jiangsu Yangnong Chemical 600486.SS | China | $3.42B | -22% | +3% | 13% | 16.2× | 0.8% | +3.8% |
| YONFER Agricultural Technology 000902.SZ | China | $2.69B | -2% | +15% | 11% | 11.4× | n/a | n/a |
| Sichuan Hebang Biotechnology 603077.SS | China | $2.59B | -30% | -24% | -1% | n/a | n/a | n/a |
| Sichuan New Energy Power 000155.SZ | China | $2.54B | -47% | +98% | 32% | 12.9× | n/a | n/a |
| Shandong Weifang Rainbow Chemical 301035.SZ | China | $2.42B | -32% | +6% | 12% | 14.9× | -0.1% | +15.0% |
| Chengdu Wintrue 002539.SZ | China | $2.09B | -24% | +6% | 6% | 11.7× | n/a | n/a |
| Sichuan Development Lomon 002312.SZ | China | $1.93B | -36% | +5% | 6% | 35.0× | 8.2% | +14.0% |
| Lier Chemical 002258.SZ | China | $1.85B | +20% | +6% | 8% | 21.0× | n/a | n/a |
| Zhejiang Xinan Chemical Industrial 600596.SS | China | $1.75B | -31% | +5% | 2% | 22.9× | 12.4% | +3.1% |
| Sumitomo Chemical India SUMICHEM.NS | India | $1.74B | -34% | -3% | 18% | 28.1× | 23.4% | +4.1% |
| Tata Chemicals TATACHEM.NS | India | $1.64B | -25% | +2% | 3% | 85.9× | n/a | n/a |