NTR vs. PAAS: Nutrien vs. Pan American Silver Stock Comparison

November 11, 2026

How do Nutrien (NTR) and Pan American Silver (PAAS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Nutrien (NTR) and Pan American Silver (PAAS) both fall under the Materials industry group, but NTR is classified in Chemicals while PAAS is classified in Metals & Mining.

Company profile comparison for Nutrien (NTR) and Pan American Silver (PAAS)
Profile Item	NTR	PAAS
Name	Nutrien Ltd.	Pan American Silver Corp.
Country/Region	Canada	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Chemicals	Metals & Mining
GICS Sub-Industry	Fertilizers & Agricultural Chemicals	Silver
Market Capitalization	33.89 billion USD	16.98 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 2018	June 12, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

NTR

PAAS

GSPC

Nutrien (NTR) vs. Pan American Silver (PAAS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Nutrien (NTR) and Pan American Silver (PAAS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Nutrien (NTR) and Pan American Silver (PAAS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Nutrien (NTR) and Pan American Silver (PAAS)
Metric	NTR	PAAS
Total Return (1Y)	30.80%	22.43%
Total Return (3Y, Annualized)	13.84%	47.84%
Total Return (5Y, Annualized)	4.29%	11.59%

Risk Profile

Drawdown History

NTR

PAAS

GSPC

Nutrien (NTR) vs. Pan American Silver (PAAS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Nutrien (NTR) and Pan American Silver (PAAS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Nutrien (NTR) and Pan American Silver (PAAS)
Metric	NTR	PAAS
Volatility (1Y, Annualized)	32.77%	58.13%
Beta (5Y)	0.64	0.72
Max Drawdown (5Y)	-58.17%	-57.39%
Avg. Volume (3M)	2.56M	4.31M

Risk-Adjusted Performance

Risk-Return Positioning

NTR and PAAS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Nutrien (NTR) and Pan American Silver (PAAS)
Metric	NTR	PAAS
Sharpe Ratio (1Y)	0.81	0.31
Sortino Ratio (1Y)	1.18	0.45

Profitability

ROE (TTM)

Pan American Silver (PAAS) at 22.39% sits in the top ROE quartile, while Nutrien (NTR) at 8.76% is closer to the peer norm — stronger capital efficiency for PAAS.

NTR

Materials industry group

8.76%

Max: 52.88%
Q3: 19.49%
NTR: 8.76%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

PAAS

Materials industry group

22.39%

Max: 52.88%
PAAS: 22.39%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Nutrien (NTR) vs. Pan American Silver (PAAS): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Pan American Silver (PAAS) at 35.16% retains a top-quartile share of revenue as profit, ahead of Nutrien (NTR) at 8.04%, which keeps about the industry-typical share.

NTR

Materials industry group

8.04%

Max: 38.66%
Q3: 15.98%
NTR: 8.04%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

PAAS

Materials industry group

35.16%

Max: 38.66%
PAAS: 35.16%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Nutrien (NTR) vs. Pan American Silver (PAAS): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Pan American Silver (PAAS) at 34.29% operates in the top operating margin quartile, ahead of Nutrien (NTR) at 10.97%, which runs around its industry’s norm.

NTR

Materials industry group

10.97%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
NTR: 10.97%
Q1: 3.28%
Min: -14.07%

PAAS

Materials industry group

34.29%

Max: 66.70%
PAAS: 34.29%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Nutrien (NTR) vs. Pan American Silver (PAAS): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Nutrien (NTR) and Pan American Silver (PAAS)
Metric	NTR	PAAS
ROE (TTM)	8.76%	22.39%
ROA (TTM)	4.24%	11.27%
Net Margin (TTM)	8.04%	35.16%
Operating Margin (TTM)	10.97%	34.29%
Gross Margin (TTM)	31.60%	55.17%

Growth

Revenue Growth

Both Nutrien (NTR) at 3.52% and Pan American Silver (PAAS) at 28.38% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Nutrien (NTR) vs. Pan American Silver (PAAS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both companies show strong earnings momentum, but Pan American Silver (PAAS) at 725.81% is the standout with EPS growth above its industry range; Nutrien (NTR) at 242.65% also sits in the top quartile.

Nutrien (NTR) vs. Pan American Silver (PAAS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Nutrien (NTR) and Pan American Silver (PAAS)
Metric	NTR	PAAS
Revenue Growth (YoY)	3.52%	28.38%
Revenue Growth (3Y CAGR)	-10.80%	34.28%
EPS Growth (YoY)	242.65%	725.81%
EPS Growth (3Y CAGR)	-30.99%	--

Financial Strength

Current Ratio (MRQ)

Pan American Silver (PAAS) at 2.72 keeps current ratio within its industry’s typical mid-range, while Nutrien (NTR) at 1.41 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NTR.

NTR

Materials industry group

1.41

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
NTR: 1.41
Min: 0.16

PAAS

Materials industry group

2.72

Max: 5.96
Q3: 3.30
PAAS: 2.72
Median: 2.24
Q1: 1.45
Min: 0.16

Nutrien (NTR) vs. Pan American Silver (PAAS): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Pan American Silver (PAAS) at 0.11 keeps leverage in the lower industry quartile, while Nutrien (NTR) at 0.55 runs a more typical debt-to-equity mix.

NTR

Materials industry group

0.55

Max: 1.98
Q3: 0.89
NTR: 0.55
Median: 0.47
Q1: 0.13
Min: 0.00

PAAS

Materials industry group

0.11

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
PAAS: 0.11
Min: 0.00

Nutrien (NTR) vs. Pan American Silver (PAAS): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Nutrien (NTR) and Pan American Silver (PAAS)
Metric	NTR	PAAS
Current Ratio (MRQ)	1.41	2.72
Debt / Equity (MRQ)	0.55	0.11
Net Debt / EBITDA	2.38	-0.39

Dividends

Dividend Yield (TTM)

Nutrien (NTR) at 3.03% delivers top-quartile income for its industry, while Pan American Silver (PAAS) at 1.69% pays a more typical yield — both are credible income propositions, NTR the richer one.

NTR

Materials industry group

3.03%

Max: 4.52%
NTR: 3.03%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

PAAS

Materials industry group

1.69%

Max: 4.52%
Q3: 1.85%
PAAS: 1.69%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Nutrien (NTR) vs. Pan American Silver (PAAS): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Pan American Silver (PAAS) at 18.00% pays out a band-typical share of earnings, while Nutrien (NTR) at 47.93% distributes more than its industry norm — less retained, thinner cover.

NTR

Materials industry group

47.93%

Max: 83.62%
NTR: 47.93%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

PAAS

Materials industry group

18.00%

Max: 83.62%
Q3: 41.37%
PAAS: 18.00%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Nutrien (NTR) vs. Pan American Silver (PAAS): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Nutrien (NTR) and Pan American Silver (PAAS)
Metric	NTR	PAAS
Dividend Yield (TTM)	3.03%	1.69%
Dividend Payout Ratio (TTM)	47.93%	18.00%

Valuation

P/E Ratio (TTM)

Pan American Silver (PAAS) at 10.83 sits in the cheaper P/E ratio quartile, while Nutrien (NTR) at 15.61 is closer to its industry’s usual earnings multiple — a discount for PAAS, though growth and earnings durability still matter.

NTR

Materials industry group

15.61

Max: 59.00
Q3: 32.93
Median: 18.82
NTR: 15.61
Q1: 11.96
Min: 3.93

PAAS

Materials industry group

10.83

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
PAAS: 10.83
Min: 3.93

Nutrien (NTR) vs. Pan American Silver (PAAS): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Nutrien (NTR) at 1.24 and Pan American Silver (PAAS) at 3.80 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

NTR

Materials industry group

1.24

Max: 9.62
Q3: 4.34
Median: 1.87
NTR: 1.24
Q1: 0.73
Min: 0.00

PAAS

Materials industry group

3.80

Max: 9.62
Q3: 4.34
PAAS: 3.80
Median: 1.87
Q1: 0.73
Min: 0.00

Nutrien (NTR) vs. Pan American Silver (PAAS): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Nutrien (NTR) at 1.32 and Pan American Silver (PAAS) at 2.29 are valued close to their industries’ norm against book — neither stands out from peers.

NTR

Materials industry group

1.32

Max: 6.59
Q3: 3.55
Median: 2.08
NTR: 1.32
Q1: 1.26
Min: -0.17

PAAS

Materials industry group

2.29

Max: 6.59
Q3: 3.55
PAAS: 2.29
Median: 2.08
Q1: 1.26
Min: -0.17

Nutrien (NTR) vs. Pan American Silver (PAAS): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Nutrien (NTR) and Pan American Silver (PAAS)
Metric	NTR	PAAS
P/E Ratio (TTM)	15.61	10.83
P/S Ratio (TTM)	1.24	3.80
P/B Ratio (MRQ)	1.32	2.29
Free Cash Flow Yield (TTM)	5.77%	8.01%