Nutrien
NTR · NYSEAgricultural Chemicals · Fiscal year ends Dec 31
Net income was $2.3B. Operating cash flow of $4B less capital expenditure of $1.9B left free cash flow of $2.1B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cost of revenue | $17.5B | $21.6B | $19.6B | $17.5B | $17.6B |
| Gross profit | $9.4B | $15.4B | $8.5B | $7.5B | $8.3B |
| Operating income | $4.8B | $10.8B | $2.7B | $1.9B | $3.7B |
| Interest expense | $492M | $521M | $797M | $765M | $746M |
| Pre-tax income | $4.2B | $10.2B | $2B | $1.1B | $3B |
| Income tax | $989M | $2.6B | $670M | $436M | $752M |
| Net income | $3.2B | $7.7B | $1.3B | $700M | $2.3B |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $499M | $901M | $941M | $853M | $701M |
| Receivables | $5.4B | $6.2B | $5.4B | $5.4B | $5.7B |
| Inventory | $6.3B | $7.6B | $6.3B | $6.1B | $7B |
| Current assets | $13.8B | $16.3B | $14.2B | $13.8B | $14.7B |
| Net PP&E | $20B | $21.8B | – | – | – |
| Goodwill | $12.2B | $12.4B | $12.1B | $12B | $12.1B |
| Total assets | $50B | $54.6B | $52.7B | $51.8B | $52.3B |
| Payables | $10.1B | $11.3B | $9.5B | $9.1B | $9.3B |
| Current liabilities | $12.4B | $14.3B | $12.1B | $12B | $11B |
| Total liabilities | $26.3B | $28.7B | $27.5B | $27.4B | $26.9B |
| Shareholders' equity | $23.7B | $25.8B | $25.2B | $24.4B | $25.3B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $3.9B | $8.1B | $5.1B | $3.5B | $4B |
| Capital expenditure | $1.8B | $2.3B | $2.4B | $2B | $1.9B |
| Free cash flow | $2.1B | $5.9B | $2.7B | $1.5B | $2.1B |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating income growth (YoY) | – | 126.1% | −74.6% | −32.4% | 101.3% |
| Return on equityBlank when equity is negative | 13.4% | 29.8% | 5.1% | 2.9% | 9.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 12.7% | 26.8% | 6.8% | 4.7% | 9.1% |
| Cash conversion (CFO ÷ net income) | 1.22x | 1.06x | 3.95x | 5.05x | 1.74x |
| Inventory days | 132 | 129 | 118 | 128 | 145 |
| Payable days | 210 | 191 | 176 | 190 | 193 |
| Interest cover | 9.72x | 20.7x | 3.44x | 2.43x | 5.01x |
| Current ratio | 1.11x | 1.14x | 1.17x | 1.15x | 1.34x |
Recent filings
More in Agricultural Chemicals
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.