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Intrepid Potash, Inc

IPI Basic Materials Agricultural Inputs

Intrepid Potash, Inc’s revenue for fiscal 2025 (year ended December 2025) was $298.3 million, up 17.1% from fiscal 2024.

Revenue
−4.11%
EPS
−54.8%
Free cash flow
−85.8%
Total debt
+2.60%

Quarter to September 2026, against a year earlier

31.19 0.09 −0.29%
Market cap
$422.1M
P/E
16.9×
Fwd P/E
0.0×
Dividend yield
—
F-score
6/9
Altman Z
2.05
Beneish M
−2.78
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.22
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 — — — — — —
Insider Ownership 17.67%

Capital & Financial Ratios $m

Size
Market Cap 422.13
Revenue ttm 299.45
Net income ttm 24.30
Free cash flow ttm 26.85
Net debt Q (159.39)
Valuation
P/E 16.94
Forward P/E 0.00
Price / sales 1.38
Forward P/S Powerpack
Price / FCF 42.12
Price / book 0.80
Financial health
Current ratio Q 5.96 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 88.80
Growth
Revenue growth Q −4.11% (below 0%: shrinking)
Operating income growth Q −93.73% (below 0%: shrinking)
EPS, this year +49.50% (at or above 15%: strong)
EPS, next year A −18.42% (below 0%: weak)
Revenue, next year A −9.56% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A −2.55% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 1.3×; over the ten years it ranged from 0.5× in 2020 to 3.9× in 2017.
P/E against its own 10 years 42.21%
10-year low 10-year high
P/S against its own 10 years 47.49%
10-year low 10-year high
P/B against its own 10 years 52.84%
10-year low 10-year high
EV/Sales against its own 10 years 13.90%
10-year low 10-year high
EV/FCF against its own 10 years 66.63%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 7 42 84 161
Receivables 24 23 34 27
Inventory 114 113 112 114
Other 7 5 5 —
152 184 235 307
2023 2024 2025 Q'26
Payables 13 9 10 12
ST’ Debt — — — —
Other 12 10 21 16
47 38 54 52

Compound Annual Growth %

10y 5y 3y
Sales 0.38% 8.66% (4.04%)
Cash Flow 9.41% 12.36% (14.36%)
Earnings 0.00% 0.00% (46.30%)
Book Value 1.43% 3.63% (11.75%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.13 Actual 0.14

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.26 0.49 Beat by 0.23
Q1 FY26 0.48 0.62 Beat by 0.14
Q2 FY26 0.38 0.56 Beat by 0.18
Q3 FY26 0.13 0.14 Beat by 0.01
Q4 FY26 0.47 — Reports 3 March 2027

EPS $

Mar Jun Sep Dec Year
’26 0.56 1.17 0.13 — —
’25 0.35 0.25 0.28 (0.03) 0.85
’24 (0.24) (0.06) (0.14) (16.04) (16.53)
’23 0.35 0.33 (0.56) (2.91) (2.80)
’22 2.31 1.74 0.97 0.30 5.37
’21 0.18 1.46 0.30 16.66 18.66
’20 (0.60) (0.70) (0.78) (0.05) (2.09)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 99 67 51 — —
’25 95 68 53 83 298
’24 79 62 58 56 255
’23 87 81 54 57 279
’22 104 92 75 67 338
’21 71 68 59 72 270
’20 64 46 38 48 197
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 23 34 (5) — —
’25 11 40 (4) 9 56
’24 42 28 (4) 8 72
’23 8 30 0 5 43
’22 34 49 (14) 20 89
’21 19 32 8 20 79
’20 15 9 (5) 13 31
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 18 26 (16) — —
’25 3 38 (9) (1) 31
’24 34 17 (14) 1 38
’23 (13) 10 (17) (2) (22)
’22 27 33 (28) (12) 20
’21 17 34 2 12 65
’20 14 4 (9) 10 19
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 212 178 208 220 197 270 338 279 255 298 299 +3.9% 270 260 250 (5.8%)
Gross margin, % (12.63) 6.68 18.38 19.76 5.35 20.63 41.89 13.20 11.42 18.37 21.01 +31.0 pt
EBT (66) (25) 12 14 (27) 41 97 (44) (19) 12 14 n/m
EBT margin, % (30.90) (14.25) 5.71 6.22 (13.78) 15.15 28.59 (15.79) (7.27) 3.93 4.65 +34.8 pt
Net income (64) (23) 12 14 (27) 250 72 (36) (213) 11 24 n/m
Per share, $
Per share, $ Revenue 27.97 15.38 16.26 17.05 15.16 20.64 25.67 21.87 19.77 22.92 22.68 (2.2%)
Earnings (8.80) (2.00) 0.90 1.10 (2.09) 19.07 5.49 (2.80) (16.53) 0.86 1.84 n/m
Cash flow (1.94) 1.44 5.02 3.83 2.40 6.04 6.75 3.39 5.63 4.29 4.68 n/m
Capex (2.36) (0.68) (1.31) (6.25) (0.90) (1.05) (5.22) (5.09) (2.64) (1.87) (2.65) (2.5%)
Free cash flow (4.30) 0.76 3.71 (2.42) 1.50 4.99 1.53 (1.70) 2.98 2.41 2.03 n/m
Book value 47.93 34.75 32.58 33.68 31.65 50.65 54.37 53.63 36.83 37.76 39.20 (2.6%)
Shares, m 8 12 13 13 13 13 13 13 13 13 13 +6.2%
Valuation, ×
Valuation, × P/E 0.00 0.00 27.01 25.02 0.00 2.24 5.14 0.00 0.00 31.87 16.94 9.1
P/S 0.74 3.04 1.60 1.59 1.59 2.07 1.10 1.09 1.11 1.21 1.38 1.5
P/B 0.43 1.34 0.80 0.80 0.76 0.84 0.52 0.45 0.60 0.73 0.80 0.7
EV/Sales 1.42 3.37 1.73 1.72 1.62 1.98 1.06 1.11 0.99 0.97 0.88 1.6
EV/FCF (9.23) 67.74 7.57 (12.12) 122.06 11.05 108.15 (8.01) 11.69 20.20 26.84 31.9
Cash, $m
Cash, $m Operating cash flow (15) 17 64 49 31 79 89 43 72 56 62 n/m
Capex (18) (8) (17) (81) (12) (14) (69) (65) (34) (24) (35) +3.5%
Free cash flow (33) 9 47 (31) 19 65 20 (22) 38 31 27 n/m
Balance, $m
Balance, $m Working capital 100 74 111 58 69 83 123 105 146 181 256 +6.9%
Net debt 129 58 16 29 5 (35) (22) (6) (40) (82) (159) n/m
Shareholders’ equity 363 402 417 435 411 663 715 684 474 491 518 +3.4%
Returns, %
Returns, % ROA (10.87) (4.29) 2.28 2.47 (4.81) 37.94 9.25 (4.57) (31.23) 1.82 3.82 +12.7 pt
ROIC (7.02) (1.91) 2.23 2.20 (3.49) 3.21 8.61 (4.05) (2.86) 1.63 1.70 +8.6 pt
ROE (16.25) (5.90) 2.88 3.20 (6.42) 46.50 10.48 (5.10) (36.73) 2.32 4.82 +18.6 pt
People
People Employees 494 454 429 445 440 440 473 485 468 478 — (0.4%)
Revenue/emp, $m 0.43 0.39 0.49 0.49 0.45 0.61 0.71 0.58 0.54 0.62 — +4.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Intrepid Potash, Inc vs peers in Agricultural Inputs (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CTVA Corteva, Inc. $8.0B 8.0× 14.2× −1.19% (below 0%: shrinking) −9.90% (below 0%: shrinking) −169.39% (below 0%: shrinking) 57.39% 26.21% Compare
MOS The Mosaic Company $7.1B — (loss-making) — (loss-making) −10.18% (below 0%: shrinking) n/m +102.12% (above 0%: growing) 2.71% (3.12%) Compare
ICL ICL Group Ltd. $6.0B 19.5× 20.4× +16.54% (above 0%: growing) +57.14% (above 0%: growing) +38.81% (above 0%: growing) 31.10% 12.46% Compare
SMG The Scotts Miracle-Gro Company $3.9B 37.2× 23.4× −39.12% (below 0%: shrinking) n/m +24.47% (above 0%: growing) (0.69%) (47.21%) Compare
UAN CVR Partners, LP $1.2B 10.8× — −10.64% (below 0%: shrinking) n/m +5.14% (above 0%: growing) 21.70% (2.49%) Compare
FMC FMC Corporation $944.2M — (loss-making) — (loss-making) −80.47% (below 0%: shrinking) n/m +90.90% (above 0%: growing) (379.23%) (1,050.24%) Compare
IPI Intrepid Potash, Inc $422.1M 16.9× — (loss-making) −4.11% (below 0%: shrinking) −54.76% (below 0%: shrinking) −85.77% (below 0%: shrinking) 19.68% 0.41%
LVROF Lavoro Limited $34.8M — (loss-making) — (loss-making) −23.62% (below 0%: shrinking) n/m −6.85% (below 0%: shrinking) 15.65% 0.67% Compare
AVD American Vanguard Corporation $28.0M — (loss-making) 11.4× −9.71% (below 0%: shrinking) n/m −33.18% (below 0%: shrinking) 29.73% (0.26%) Compare
Median of peers $2.5B 15.1× 17.3× −10.41% — +14.81% 18.68% (1.37%)

All 15 Agricultural Inputs stocks →

Pay and ownership Proxy statement filed 17 April 2026

Ownership

Directors and executive officers, together 2.30%
Clearway Capital Management, LLC 9.00%
Gate City Capital Management, LLC 5.90%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Intrepid Potash, Inc (IPI) Latest News

5 Nov

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6 May

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10 Apr

Impact 4 · · Insider Monkey

2 Apr

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31 Mar

Impact 3 · · Insider Monkey

13 Mar

Impact 4 · · Simply Wall St.

6 Mar

Impact 4 · · Zacks
Impact 3 · · MarketBeat

5 Mar

Impact 4 · · GuruFocus.com
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4 Mar

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stockrow.com/IPI · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com