Nutrien Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Nutrien Ltd (NTR) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Nutrien Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 25,949M vs 19,768M combined for its competitors (56.8% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs decelerating (-15.5%) for its tracked peer group.
- Growth: Nutrien Ltd generated 3.7% revenue growth year over year in Q4 2025, vs 6.0% for its competitors combined.
- Profitability: Its 8.9% net margin compares with 8.8% for the peer group.
- Scale: Nutrien Ltd ranks #1 of 44 companies by market capitalization in the Agricultural Production industry, holding 23.9% of industry market cap.
- Peer revenue share: Nutrien Ltd accounted for 86.1% of combined revenue among its tracked peer group, down from 86.4% a year earlier.
- Peer differentiation: Revenue per employee of $8.53M compares with $3.21M for the peer group (2.7x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
NTR Sales vs. its Competitors, Q4 2025
Nutrien Ltd reported revenue growth of 3.73 % year on year in Q4 2025, below its competitors' combined revenue growth of 5.95 %.
With a net margin of 8.85 %, Nutrien Ltd achieved higher profitability than its competitors (8.77 %).
Nutrien Ltd generated 86.14 % of the combined sales of its peer group, down from 86.39 % a year earlier.
API endpoints for this dataset
Nutrien Ltd vs. its Competitors, Q4 2025
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Nutrien Ltd reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Nutrien Ltd and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Nutrien Ltd | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (7) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Nutrien Ltd's competitor groups requires a Commercial License.
For context: the Agricultural Production industry grew revenue 7.5% year over year, combined, vs 3.7% for Nutrien Ltd. Nutrien Ltd's share of combined industry revenue moved from 23.26% to 22.45%, a loss of 0.81 percentage points.
Nutrien Ltd's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Nutrien Ltd | Yes | Yes | No | No |
| Competitors combined (4) | ||||
| High-Confidence Competitors (7) | ||||
| Similar-Size Competitors (5) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 37.50 % (3 of 8) | 25.00 % (2 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
NTR Stock Performance relative to its Competitors
NTR Stock Performance relative to High-Confidence Competitors
NTR Stock Performance relative to Similar-Size Competitors
NTR Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Cf Industries Holdings inc | 282.9% | Outperformed |
| 2 | Cvr Partners Lp | 282.9% | Outperformed |
| 3 | Cvr Energy Inc | 282.9% | Outperformed |
| 4 | Advansix Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Nutrien Ltd's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Nutrien Ltd's Comment on Competition and Industry Peers
Publicly Traded Peers of Nutrien Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Nutrien Ltd |
34,776.31 | 25,949.00 |
 Cf Industries Holdings inc |
18,374.12 | 7,739.00 |
 Cvr Energy Inc |
3,832.07 | 9,810.00 |
 Cvr Partners Lp |
1,157.20 | 659.46 |
 Advansix Inc |
464.27 | 1,559.89 |
| SUBTOTAL | 58,603.96 | 45,717.35 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Nutrien Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Nutrien Ltd's Competitors Named by the Company
Competitive relationships identified from Nutrien Ltd reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Cvr Partners Lp | Company report | 85% |
| Advansix Inc | Company report | 85% |
| Cf Industries Holdings inc | Company report | 85% |
| Chemical and Mining Co Of Chile Inc | Company report | 85% |
| EuroChem Group AG | Company report | 85% |
| The Mosaic Company | Company report | 85% |
| Belaruskali | Company report | 85% |
| PJSC Uralkali | Company report | 85% |
| Arab Potash Company PA | Company report | 85% |
| ICL Group Ltd. | Company report | 85% |
| Canpotex | Company report | 85% |
| Sociedad QuÃmica y Minera de Chile S.A. | Company report | 85% |
| Asia-Potash (Laos) | Company report | 85% |
| Intrepid Potash Inc. | Company report | 85% |
| Icahn Enterprises l p | Company report | 85% |
| Cvr Energy Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Nutrien Ltd's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Nutrien Ltd's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Cf Industries Holdings inc | UAN 34.35 % |
| Cvr Partners Lp | Nitrogen Fertilizer 100.00 % |
| Advansix Inc | Reportable 100.00 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Nutrien Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Nutrien Ltd | 34,776 | 8,527,440 | 754,847 |
| Cf Industries Holdings inc | 18,374 | 2,668,621 | 862,069 |
| Cvr Energy Inc | 3,832 | 6,403,394 | 221,932 |
| Cvr Partners Lp | 1,157 | 2,060,806 | 332,528 |
| Advansix Inc | 464 | 1,106,303 | -12,572 |
| PEERS TOTAL | 23,828 | 3,208,105 | 475,281 |
Nutrien Ltd's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Cf Industries Holdings inc | North America 78.28 % |
| Advansix Inc | United States 84.02 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Nutrien Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 38 companies in Nutrien Ltd's industry classification, broader than the peer set above. Market cap in millions of $.Nutrien Ltd ranks #1 of 38 companies by market capitalization in its industry, holding 23.94 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,545, indicating a moderately concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Nutrien Ltd | 34,776 | 23.94 % |
| 2 | Archer daniels midland Co | 33,935 | 23.36 % |
| 3 | Bunge Global Sa | 19,358 | 13.32 % |
| 4 | Cf Industries Holdings inc | 18,374 | 12.65 % |
| 5 | Darling Ingredients Inc | 1,234 | 5.2% |
| 6 | Mosaic Co | 1,234 | 5.2% |
| 7 | Icl Group Ltd | 1,234 | 5.2% |
| 8 | Scotts Miracle gro Co | 1,234 | 5.2% |
| 9 | Seaboard Corporation | 1,234 | 5.2% |
| 10 | Andersons Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Nutrien Ltd's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Nutrien Ltd's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Nutrien Ltd | 34,776 | 32.58 % |
| 2 | Archer daniels midland Co | 33,935 | 25.07 % |
| 3 | Bunge Global Sa | 1,234 | 12.3% |
| 4 | Cf Industries Holdings inc | 1,234 | 12.3% |
| 5 | Darling Ingredients Inc | 1,234 | 12.3% |
| 6 | Mosaic Co | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Nutrien Ltd's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Nutrien Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Agricultural Production industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (68 companies). See the full Agricultural Production industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 32.17 % | 15.30 % (avg) | +16.9 pp |
| Operating Margin | 14.40 % | industry median | +10.0 pp |
| EBITDA Margin | 11.75 % | 1.88 % (avg) | +9.9 pp |
| Capital Intensity (Capex / Revenue) | 7.25 % | 4.90 % (avg) | +2.4 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Nutrien Ltd's Valuation vs Competitive Position
Valuation multiples vs the Agricultural Production industry average (68 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Agricultural Production industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 12.6x | 18.7x | -6.1x |
| EV / EBITDA | 9.3x | 9.9x | -0.6x |
| P/B | 1.1x | 1.9x | -0.8x |
| Return on Equity | 9.06 % | industry aggregate | 3.21 % |
| Return on Invested Capital | 5.61 % | -2.59 % (avg) | 8.20 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Nutrien Ltd's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | - | - | 3.73 % |
| Operating Margin | - | 7.42 % | 14.40 % |
| Return on Invested Capital | 19.56 % | 2.89 % | 5.61 % |
| P/E | 4.0x | 34.9x | 12.6x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Nutrien Ltd's Strategic Group Map
Nutrien Ltd is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Nutrien Ltd's trailing-12-month revenue growth of 3.7% and operating margin of 14.4% compares with an average of 4.6% growth and 10.6% margin across its 8 closest peers by combined growth, margin and ROIC -- Nutrien Ltd sits below that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Nutrien Ltd's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Nutrien Ltd falls in the Cash Cow quadrant: relative market share of 1.02x vs its largest competitor, in an industry growing revenue 4.6% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Nutrien Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,545 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 7.25 % vs industry average 4.90 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Nutrien Ltd's dedicated Suppliers and Customers pages, not here.
Nutrien Ltd's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Nutrien Ltd falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Nutrien Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Market leader by capitalization in its industry (#1 of 38, 23.94 % share).
- Operating margin 10.0 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
No rule matched.
Opportunities
- Trades at a lower P/E than the industry average (12.6x vs 18.7x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-15.5% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
Nutrien Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Nutrien Ltd | 0.06 | 1.34 | 0.02 |
| Cf Industries Holdings inc | 0.17 | 3.34 | 0.39 |
| Cvr Energy Inc | 0.70 | 1.59 | 2.93 |
| Cvr Partners Lp | 1.02 | 2.28 | 1.94 |
| Advansix Inc | 0.05 | 1.24 | 0.31 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Nutrien Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Nutrien Ltd | Q4 2025 | +3.7 % | +228.1 % |
| Cf Industries Holdings inc | Q2 2026 | +17.6 % | +76.6 % |
| Cvr Energy Inc | Q3 2026 | +68.8 % | +42.1 % |
| Cvr Partners Lp | Q3 2026 | -10.6 % | - |
| Advansix Inc | Q2 2026 | +2.7 % | -89.6 % |
| PEERS TOTAL | +8.8 % | +123.6 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Nutrien Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Nutrien Ltd | Q4 2025 | +0.7 % | -7.1 % |
| Cf Industries Holdings inc | Q2 2026 | -5.1 % | +10.6 % |
| Cvr Energy Inc | Q3 2026 | +80.5 % | +63.2 % |
| Cvr Partners Lp | Q3 2026 | +33.6 % | +179.5 % |
| Advansix Inc | Q2 2026 | +11.1 % | -26.7 % |
Nutrien Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Nutrien Ltd | 4.39% | 5.57% | 9.06% |
| Cf Industries Holdings inc | 17.24% | 15.64% | 30.63% |
| Cvr Energy Inc | 8.28% | 8.51% | 37.42% |
| Cvr Partners Lp | 10.38% | 9.06% | 24.16% |
| Advansix Inc | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Nutrien Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Nutrien Ltd | 15.34 | 1.34 |
| Cf Industries Holdings inc | 8.92 | 2.37 |
| Cvr Energy Inc | 15.13 | 0.39 |
| Cvr Partners Lp | 10.88 | 1.75 |
| Advansix Inc | - | 0.30 |
| PEERS AVERAGE | 11.21 | 1.28 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.