NYSE : ICL
ICL Group Ltd — Financial statements
Materials · Agricultural Inputs · Israel
Last price 4.58 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.91B
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Financial statements
ICL Group Ltd (ICL) reported revenue of 7.71B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 7.71B | 7.15B | 6.84B | 7.54B | 10.02B | 6.96B |
| Cost of Revenue | 5.35B | 4.97B | 4.58B | 4.87B | 4.98B | 4.34B |
| Gross Profit | 2.36B | 2.19B | 2.26B | 2.67B | 5.03B | 2.61B |
| Selling, General & Admin | 1.51B | 1.44B | 1.39B | 1.36B | 1.44B | 1.37B |
| Research & Development | 62.00M | 70.00M | 69.00M | 71.00M | 68.00M | 64.00M |
| Other Operating Expenses | -49.00M | -29.00M | 15.00M | 55.00M | -1.00M | 10.00M |
| Operating Expenses | 1.52B | 1.48B | 1.47B | 1.49B | 1.50B | 1.44B |
| Operating Income | 839.00M | 704.00M | 787.00M | 1.19B | 3.53B | 1.17B |
| Interest Expense | -181.00M | -148.00M | -146.00M | -160.00M | -138.00M | -108.00M |
| Interest & Investment Income | 36.00M | 37.00M | 40.00M | 47.00M | 31.00M | 17.00M |
| Earnings From Equity Investments | 1.00M | 1.00M | 1.00M | 4.00M | ||
| Currency Exchange Gain (Loss) | -115.00M | -115.00M | -4.00M | 37.00M | 139.00M | -79.00M |
| Other Non Operating Income (Expenses) | 122.00M | 122.00M | -13.00M | -79.00M | -175.00M | 77.00M |
| EBT Excluding Unusual Items | 701.00M | 600.00M | 665.00M | 1.03B | 3.39B | 1.08B |
| Merger & Restructuring Charges | -167.00M | -167.00M | -28.00M | -61.00M | -6.00M | -8.00M |
| Gain (Loss) on Sale of Investments | 14.00M | |||||
| Gain (Loss) on Sale of Assets | 2.00M | 1.00M | 31.00M | 16.00M | ||
| Legal Settlements | -4.00M | -1.00M | -17.00M | -6.00M | ||
| Other Unusual Items | 3.00M | 3.00M | -2.00M | 1.00M | -7.00M | -6.00M |
| Pretax Income | 542.00M | 441.00M | 636.00M | 974.00M | 3.40B | 1.09B |
| Income Tax Expense | 184.00M | 161.00M | 172.00M | 287.00M | 1.19B | 260.00M |
| Earnings From Continuing Operations | 358.00M | 280.00M | 464.00M | 687.00M | 2.22B | 832.00M |
| Minority Interest in Earnings | -53.00M | -54.00M | -57.00M | -40.00M | -60.00M | -49.00M |
| Net Income | 305.00M | 226.00M | 407.00M | 647.00M | 2.16B | 783.00M |
| Net Income to Common | 305.00M | 226.00M | 407.00M | 647.00M | 2.16B | 783.00M |
| Shares Outstanding (Basic) | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B | 1.28B |
| Shares Outstanding (Diluted) | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B |
| EPS (Basic) | 0.24 | 0.18 | 0.32 | 0.50 | 1.68 | 0.61 |
| EPS (Diluted) | 0.24 | 0.18 | 0.32 | 0.50 | 1.67 | 0.60 |
| Free Cash Flow | 343.00M | 232.00M | 755.00M | 930.00M | 1.38B | 454.00M |
| Free Cash Flow Per Share | 0.27 | 0.18 | 0.58 | 0.72 | 1.07 | 0.35 |
| Dividend Per Share | 0.21 | 0.18 | 0.19 | 0.27 | 0.91 | 0.31 |
| Gross Margin | 30.63% | 30.56% | 32.98% | 35.44% | 50.24% | 37.54% |
| Operating Margin | 10.88% | 9.84% | 11.50% | 15.74% | 35.25% | 16.84% |
| Profit Margin | 3.96% | 3.16% | 5.95% | 8.58% | 21.56% | 11.26% |
| Free Cash Flow Margin | 4.45% | 3.24% | 11.04% | 12.34% | 13.82% | 6.53% |
| EBITDA | 1.38B | 1.22B | 1.28B | 1.72B | 4.03B | 1.66B |
| EBITDA Margin | 17.85% | 17.00% | 18.71% | 22.85% | 40.22% | 23.88% |
| D&A For EBITDA | 538.00M | 512.00M | 493.00M | 536.00M | 498.00M | 490.00M |
| EBIT | 839.00M | 704.00M | 787.00M | 1.19B | 3.53B | 1.17B |
| EBIT Margin | 10.88% | 9.84% | 11.50% | 15.74% | 35.25% | 16.84% |
| Effective Tax Rate | 33.95% | 36.51% | 27.04% | 29.47% | 34.81% | 23.81% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 496.00M | 291.00M | 327.00M | 420.00M | 417.00M | 473.00M |
| Short-Term Investments | 166.00M | 205.00M | 115.00M | 172.00M | 91.00M | 91.00M |
| Cash & Short-Term Investments | 662.00M | 496.00M | 442.00M | 592.00M | 508.00M | 564.00M |
| Accounts Receivable | 1.64B | 1.36B | 1.26B | 1.38B | 1.58B | 1.42B |
| Other Receivables | 268.00M | 201.00M | 275.00M | 243.00M | 258.00M | |
| Receivables | 1.64B | 1.63B | 1.46B | 1.65B | 1.83B | 1.68B |
| Inventory | 1.83B | 1.93B | 1.63B | 1.70B | 2.13B | 1.57B |
| Prepaid Expenses | 363.00M | 58.00M | 41.00M | 53.00M | 70.00M | 51.00M |
| Other Current Assets | 43.00M | 16.00M | 35.00M | 10.00M | 48.00M | |
| Total Current Assets | 4.50B | 4.16B | 3.59B | 4.03B | 4.55B | 3.91B |
| Property, Plant & Equipment | 7.13B | 6.79B | 6.46B | 6.33B | 5.97B | 5.75B |
| Long-Term Investments | 3.00M | 3.00M | 2.00M | 3.00M | 26.00M | |
| Goodwill | 552.00M | 543.00M | 530.00M | 507.00M | 502.00M | |
| Other Intangible Assets | 966.00M | 403.00M | 326.00M | 343.00M | 345.00M | 365.00M |
| Long-Term Deferred Tax Assets | 204.00M | 180.00M | 143.00M | 152.00M | 150.00M | 147.00M |
| Other Long-Term Assets | 392.00M | 326.00M | 258.00M | 237.00M | 228.00M | 377.00M |
| Total Assets | 13.19B | 12.41B | 11.32B | 11.63B | 11.75B | 11.08B |
| Accounts Payable | 1.09B | 1.16B | 1.00B | 912.00M | 1.01B | 1.06B |
| Accrued Expenses | 615.00M | 534.00M | 488.00M | 634.00M | 592.00M | |
| Short-Term Debt | 646.00M | 439.00M | 276.00M | 283.00M | 313.00M | 327.00M |
| Current Portion of Long-Term Debt | 362.00M | 43.00M | 510.00M | 159.00M | 190.00M | |
| Current Portion of Leases | 79.00M | 78.00M | 72.00M | 68.00M | 63.00M | |
| Current Income Taxes Payable | 257.00M | 215.00M | 170.00M | 177.00M | 183.00M | |
| Current Unearned Revenue | 67.00M | 21.00M | 17.00M | 41.00M | 33.00M | |
| Other Current Liabilities | 1.10B | 155.00M | 147.00M | 186.00M | 208.00M | 160.00M |
| Total Current Liabilities | 2.84B | 3.13B | 2.32B | 2.64B | 2.61B | 2.61B |
| Long-Term Debt | 2.65B | 1.70B | 1.73B | 1.63B | 2.11B | 2.14B |
| Long-Term Leases | 176.00M | 186.00M | 204.00M | 202.00M | 299.00M | |
| Pension & Post-Retirement Benefits | 412.00M | 390.00M | 331.00M | 354.00M | 402.00M | 564.00M |
| Long-Term Deferred Tax Liabilities | 534.00M | 502.00M | 481.00M | 489.00M | 423.00M | 384.00M |
| Other Long-Term Liabilities | 310.00M | 267.00M | 293.00M | 273.00M | 294.00M | 341.00M |
| Total Liabilities | 6.75B | 6.17B | 5.33B | 5.59B | 6.04B | 6.34B |
| Common Stock | 549.00M | 549.00M | 549.00M | 549.00M | 549.00M | 548.00M |
| Additional Paid-In Capital | 247.00M | 240.00M | 238.00M | 234.00M | 233.00M | 224.00M |
| Retained Earnings | 5.90B | 5.77B | 5.76B | 5.58B | 5.38B | 4.32B |
| Treasury Stock | -260.00M | -260.00M | -260.00M | -260.00M | -260.00M | -260.00M |
| Comprehensive Income & Other | -293.00M | -315.00M | -567.00M | -338.00M | -443.00M | -306.00M |
| Total Common Equity | 6.15B | 5.98B | 5.72B | 5.77B | 5.46B | 4.53B |
| Minority Interest | 297.00M | 260.00M | 263.00M | 269.00M | 249.00M | 209.00M |
| Shareholders' Equity | 6.44B | 6.24B | 5.99B | 6.04B | 5.71B | 4.74B |
| Total Liabilities & Equity | 13.19B | 12.41B | 11.32B | 11.63B | 11.75B | 11.08B |
| Total Debt | 3.30B | 2.76B | 2.31B | 2.70B | 2.85B | 3.02B |
| Net Cash (Debt) | -2.63B | -2.26B | -1.87B | -2.11B | -2.34B | -2.46B |
| Net Cash Per Share | -2.04 | -1.75 | -1.45 | -1.63 | -1.82 | -1.91 |
| Filing Date Shares Outstanding | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B |
| Total Common Shares Outstanding | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B |
| Working Capital | 1.66B | 1.03B | 1.27B | 1.40B | 1.94B | 1.30B |
| Book Value Per Share | 4.76 | 4.64 | 4.44 | 4.47 | 4.24 | 3.52 |
| Tangible Book Value | 5.18B | 5.03B | 4.86B | 4.89B | 4.61B | 3.66B |
| Tangible Book Value Per Share | 4.01 | 3.90 | 3.76 | 3.80 | 3.58 | 2.84 |
| Land | 1.33B | 1.13B | 1.14B | 1.09B | 1.11B | |
| Machinery | 9.11B | 8.50B | 8.28B | 7.87B | 7.66B | |
| Construction In Progress | 655.00M | 606.00M | 523.00M | 518.00M | 664.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 305.00M | 226.00M | 407.00M | 647.00M | 2.16B | 783.00M |
| Depreciation & Amortization | 622.00M | 596.00M | 579.00M | 536.00M | 498.00M | 490.00M |
| Other Amortization | 19.00M | 19.00M | 17.00M | |||
| Asset Writedown & Restructuring Costs | 111.00M | 111.00M | 14.00M | -6.00M | ||
| Other Operating Activities | 313.00M | 167.00M | 246.00M | 95.00M | 197.00M | 101.00M |
| Change in Accounts Receivable | -183.00M | -11.00M | 26.00M | 252.00M | -215.00M | -426.00M |
| Change in Inventory | -123.00M | -210.00M | -7.00M | 465.00M | -527.00M | -267.00M |
| Change in Accounts Payable | -16.00M | 100.00M | 104.00M | -101.00M | -42.00M | 274.00M |
| Change in Other Net Operating Assets | 59.00M | 58.00M | 82.00M | -184.00M | 61.00M | 116.00M |
| Operating Cash Flow | 1.11B | 1.06B | 1.47B | 1.71B | 2.13B | 1.06B |
| Capital Expenditures | -764.00M | -824.00M | -713.00M | -780.00M | -747.00M | -611.00M |
| Sale of Property, Plant & Equipment | 2.00M | 1.00M | 19.00M | 4.00M | 33.00M | 39.00M |
| Cash Acquisitions | -97.00M | -12.00M | -74.00M | -18.00M | -365.00M | |
| Other Investing Activities | -21.00M | -80.00M | 74.00M | -77.00M | -15.00M | 358.00M |
| Investing Cash Flow | -880.00M | -915.00M | -694.00M | -853.00M | -747.00M | -579.00M |
| Short-Term Debt Issued | 146.00M | |||||
| Long-Term Debt Issued | 1.67B | 889.00M | 633.00M | 1.04B | 1.23B | |
| Total Debt Issued | 2.67B | 1.81B | 889.00M | 633.00M | 1.04B | 1.23B |
| Short-Term Debt Repaid | -1.00M | -25.00M | -21.00M | -58.00M | ||
| Long-Term Debt Repaid | -1.60B | -1.30B | -836.00M | -1.18B | -1.12B | |
| Total Debt Repaid | -2.58B | -1.60B | -1.30B | -861.00M | -1.20B | -1.18B |
| Net Debt Issued (Repaid) | 89.00M | 213.00M | -414.00M | -228.00M | -157.00M | 52.00M |
| Common Dividends Paid | -246.00M | -224.00M | -251.00M | -474.00M | -1.17B | -276.00M |
| Other Financing Activities | -153.00M | -184.00M | -181.00M | -135.00M | -93.00M | -20.00M |
| Financing Cash Flow | -310.00M | -195.00M | -846.00M | -837.00M | -1.42B | -244.00M |
| Foreign Exchange Rate Adjustments | -3.00M | 18.00M | -21.00M | -17.00M | -24.00M | 17.00M |
| Net Cash Flow | -86.00M | -36.00M | -93.00M | 3.00M | -56.00M | 259.00M |
| Free Cash Flow | 343.00M | 232.00M | 755.00M | 930.00M | 1.38B | 454.00M |
| Free Cash Flow Margin | 4.45% | 3.24% | 11.04% | 12.34% | 13.82% | 6.53% |
| Free Cash Flow Per Share | 0.27 | 0.18 | 0.58 | 0.72 | 1.07 | 0.35 |
| Levered Free Cash Flow | 129.25M | -41.50M | 737.62M | 709.25M | 1.22B | 188.38M |
| Unlevered Free Cash Flow | 242.38M | 51.00M | 828.88M | 809.25M | 1.31B | 255.88M |
| Cash Interest Paid | 128.00M | 117.00M | 122.00M | 125.00M | 113.00M | |
| Cash Income Tax Paid | 144.00M | 151.00M | 98.00M | 253.00M | 1.11B | 193.00M |
| Change in Working Capital | -263.00M | -63.00M | 205.00M | 432.00M | -723.00M | -303.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.91B | 7.37B | 6.37B | 6.46B | 9.41B | 12.45B |
| Enterprise Value | 8.55B | 9.82B | 8.58B | 8.81B | 11.82B | 15.17B |
| Last Close Price | 4.58 | 5.60 | 4.74 | 4.66 | 6.49 | 8.00 |
| PE Ratio | 19.38 | 32.61 | 15.66 | 9.98 | 4.36 | 15.90 |
| Forward PE | 11.23 | 13.82 | 11.24 | 9.34 | 6.36 | 14.68 |
| PS Ratio | 0.77 | 1.03 | 0.93 | 0.86 | 0.94 | 1.79 |
| PB Ratio | 0.96 | 1.18 | 1.06 | 1.07 | 1.65 | 2.63 |
| P/TBV Ratio | 1.14 | 1.47 | 1.31 | 1.32 | 2.04 | 3.40 |
| P/FCF Ratio | 17.23 | 31.77 | 8.44 | 6.95 | 6.80 | 27.42 |
| P/OCF Ratio | 5.34 | 6.98 | 4.34 | 3.78 | 4.42 | 11.69 |
| PEG Ratio | 5.83 | 5.83 | 1.55 | 1.21 | 0.57 | |
| EV/Sales Ratio | 1.11 | 1.37 | 1.25 | 1.17 | 1.18 | 2.18 |
| EV/EBITDA Ratio | 6.21 | 8.08 | 6.71 | 5.12 | 2.94 | 9.13 |
| EV/EBIT Ratio | 10.19 | 13.95 | 10.91 | 7.43 | 3.35 | 12.96 |
| EV/FCF Ratio | 24.92 | 42.34 | 11.37 | 9.47 | 8.54 | 33.42 |
| Debt / Equity Ratio | 0.51 | 0.44 | 0.39 | 0.45 | 0.50 | 0.64 |
| Debt / EBITDA Ratio | 2.26 | 2.12 | 1.69 | 1.57 | 0.71 | 1.82 |
| Debt / FCF Ratio | 9.61 | 11.90 | 3.06 | 2.90 | 2.06 | 6.66 |
| Net Debt / Equity Ratio | 0.41 | 0.36 | 0.31 | 0.35 | 0.41 | 0.52 |
| Net Debt / EBITDA Ratio | 1.91 | 1.86 | 1.46 | 1.23 | 0.58 | 1.48 |
| Net Debt / FCF Ratio | 7.68 | 9.76 | 2.47 | 2.27 | 1.69 | 5.42 |
| Asset Turnover | 0.60 | 0.60 | 0.60 | 0.65 | 0.88 | 0.67 |
| Inventory Turnover | 3.04 | 2.79 | 2.75 | 2.54 | 2.69 | 3.08 |
| Quick Ratio | 0.81 | 0.68 | 0.82 | 0.85 | 0.90 | 0.86 |
| Current Ratio | 1.58 | 1.33 | 1.55 | 1.53 | 1.75 | 1.50 |
| Return on Equity (ROE) | 5.63% | 4.58% | 7.72% | 11.69% | 42.47% | 18.86% |
| Return on Assets (ROA) | 4.10% | 3.71% | 4.29% | 6.34% | 19.33% | 7.06% |
| Return on Invested Capital (ROIC) | 6.17% | 5.46% | 7.18% | 10.33% | 30.18% | 13.06% |
| Return on Capital Employed (ROCE) | 8.10% | 7.60% | 8.70% | 13.20% | 38.60% | 13.80% |
| Earnings Yield | 5.16% | 3.07% | 6.39% | 10.02% | 22.95% | 6.29% |
| FCF Yield | 5.80% | 3.15% | 11.85% | 14.40% | 14.71% | 3.65% |
| Dividend Yield | 3.85% | 3.09% | 3.85% | 5.39% | 12.47% | 3.21% |
| Payout Ratio | 65.38% | 99.11% | 61.67% | 73.26% | 54.01% | 35.25% |
| Buyback Yield / Dilution | -0.02% | -0.10% | 0.05% | -0.06% | -0.22% | -0.53% |
| Total Shareholder Return | 3.84% | 2.99% | 3.90% | 5.33% | 12.24% | 2.68% |