NYSE : IPI
Intrepid Potash, Inc. — Financial statements
Materials · Agricultural Inputs · United States
Last price 31.04 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 410.36M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Intrepid Potash, Inc. (IPI) reported revenue of 241.58M 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 | 241.58M | 237.84M | 204.45M | 230.62M | 293.68M | 223.16M |
| Cost of Revenue | 174.34M | 178.58M | 171.41M | 187.28M | 152.28M | 167.39M |
| Gross Profit | 67.23M | 59.26M | 33.04M | 43.34M | 141.41M | 55.76M |
| Selling, General & Admin | 39.92M | 36.70M | 32.97M | 32.42M | 31.80M | 24.00M |
| Other Operating Expenses | 6.48M | 2.75M | 3.31M | 4.30M | 6.70M | 2.04M |
| Operating Expenses | 46.40M | 39.46M | 36.28M | 36.72M | 38.50M | 26.03M |
| Operating Income | 20.83M | 19.80M | -3.24M | 6.62M | 102.91M | 29.73M |
| Interest Expense | -4.00K | 117.00K | 226.00K | 54.00K | -1.40M | |
| Interest & Investment Income | 3.57M | 2.43M | 1.71M | 298.00K | 176.00K | |
| Earnings From Equity Investments | -153.00K | -374.00K | -299.00K | -486.00K | 689.00K | |
| Other Non Operating Income (Expenses) | -37.00K | -90.00K | 116.00K | -131.00K | 150.00K | -22.00K |
| EBT Excluding Unusual Items | 24.21M | 21.76M | -1.59M | 6.53M | 103.98M | 28.31M |
| Gain (Loss) on Sale of Investments | -12.00K | -900.00K | -300.00K | |||
| Gain (Loss) on Sale of Assets | -213.00K | 1.18M | -1.95M | -807.00K | -7.47M | 2.54M |
| Asset Writedown | -3.78M | -6.31M | -14.66M | -49.78M | ||
| Legal Settlements | -4.00M | -4.00M | ||||
| Other Unusual Items | 10.11M | |||||
| Pretax Income | 16.20M | 11.73M | -18.51M | -44.06M | 96.51M | 40.97M |
| Income Tax Expense | 547.00K | 544.00K | 194.33M | -8.39M | 24.29M | -208.87M |
| Net Income | 26.31M | 11.19M | -212.84M | -35.67M | 72.22M | 249.83M |
| Net Income to Common | 26.31M | 11.19M | -212.84M | -35.67M | 72.22M | 249.83M |
| Shares Outstanding (Basic) | 13.12M | 13.01M | 12.88M | 12.76M | 13.15M | 13.10M |
| Shares Outstanding (Diluted) | 13.25M | 13.17M | 12.88M | 12.76M | 13.45M | 13.39M |
| EPS (Basic) | 2.00 | 0.86 | -16.53 | -2.80 | 5.49 | 19.07 |
| EPS (Diluted) | 1.98 | 0.85 | -16.53 | -2.80 | 5.37 | 18.66 |
| Free Cash Flow | 29.71M | 25.54M | 33.79M | -21.83M | 20.12M | 59.28M |
| Free Cash Flow Per Share | 2.24 | 1.94 | 2.62 | -1.71 | 1.50 | 4.43 |
| Gross Margin | 27.83% | 24.92% | 16.16% | 18.79% | 48.15% | 24.99% |
| Operating Margin | 8.62% | 8.32% | -1.58% | 2.87% | 35.04% | 13.32% |
| Profit Margin | 10.89% | 4.70% | -104.10% | -15.47% | 24.59% | 111.95% |
| Free Cash Flow Margin | 12.30% | 10.74% | 16.53% | -9.47% | 6.85% | 26.56% |
| EBITDA | 63.70M | 61.70M | 35.59M | 46.58M | 138.17M | 65.34M |
| EBITDA Margin | 26.37% | 25.94% | 17.41% | 20.20% | 47.05% | 29.28% |
| D&A For EBITDA | 42.87M | 41.90M | 38.83M | 39.96M | 35.26M | 35.61M |
| EBIT | 20.83M | 19.80M | -3.24M | 6.62M | 102.91M | 29.73M |
| EBIT Margin | 8.62% | 8.32% | -1.58% | 2.87% | 35.04% | 13.32% |
| Effective Tax Rate | 3.38% | 4.64% | 25.17% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 184.99M | 83.54M | 41.31M | 4.07M | 18.51M | 36.45M |
| Short-Term Investments | 989.00K | 2.97M | 5.96M | |||
| Cash & Short-Term Investments | 184.99M | 83.54M | 42.30M | 7.04M | 24.47M | 36.45M |
| Accounts Receivable | 18.98M | 33.78M | 22.46M | 22.08M | 26.74M | 35.41M |
| Other Receivables | 86.00K | 159.00K | 763.00K | 1.47M | 790.00K | 989.00K |
| Receivables | 19.06M | 33.94M | 23.23M | 23.55M | 27.53M | 36.40M |
| Inventory | 104.88M | 112.31M | 112.97M | 114.25M | 114.82M | 78.86M |
| Prepaid Expenses | 4.13M | |||||
| Restricted Cash | 25.00K | 25.00K | 25.00K | 25.00K | 25.00K | 175.00K |
| Other Current Assets | 5.33M | 5.24M | 7.17M | 4.84M | 4.97M | |
| Total Current Assets | 313.10M | 235.13M | 183.76M | 152.04M | 171.68M | 156.85M |
| Property, Plant & Equipment | 295.41M | 334.77M | 344.34M | 358.25M | 375.63M | 341.12M |
| Long-Term Investments | 168.00K | 179.00K | 3.57M | 6.63M | 9.84M | 4.58M |
| Other Intangible Assets | 2.31M | 23.64M | 23.97M | 18.98M | 24.42M | 24.74M |
| Long-Term Deferred Tax Assets | 194.22M | 185.75M | 209.07M | |||
| Other Long-Term Assets | 38.93M | 38.45M | 38.88M | 38.45M | 26.88M | 30.53M |
| Total Assets | 649.92M | 632.18M | 594.52M | 768.57M | 794.20M | 766.89M |
| Accounts Payable | 10.54M | 9.84M | 8.62M | 12.85M | 18.64M | 9.07M |
| Accrued Expenses | 22.67M | 23.25M | 19.32M | 21.32M | 23.19M | 29.74M |
| Current Portion of Leases | 2.02M | 1.63M | 2.35M | 1.61M | 1.66M | |
| Current Income Taxes Payable | 8.00K | 41.00K | ||||
| Current Unearned Revenue | 2.30M | 3.10M | 3.10M | 6.00M | 900.00K | 32.90M |
| Other Current Liabilities | 13.95M | 15.45M | 5.33M | 4.05M | 4.53M | 16.00K |
| Total Current Liabilities | 49.45M | 53.66M | 38.00M | 46.56M | 48.88M | 73.42M |
| Long-Term Debt | 4.00M | |||||
| Long-Term Leases | 3.24M | 3.29M | 2.62M | 2.19M | 2.21M | 1.88M |
| Long-Term Unearned Revenue | 42.10M | 43.23M | 45.49M | |||
| Other Long-Term Liabilities | 39.93M | 40.57M | 34.02M | 31.39M | 28.04M | 28.19M |
| Total Liabilities | 134.73M | 140.75M | 120.13M | 84.14M | 79.12M | 103.49M |
| Common Stock | 14.00K | 14.00K | 14.00K | 13.00K | 13.00K | 13.00K |
| Additional Paid-In Capital | 675.06M | 674.30M | 668.45M | 665.64M | 660.61M | 659.15M |
| Retained Earnings | -137.88M | -160.87M | -172.06M | 40.79M | 76.46M | 4.24M |
| Treasury Stock | -22.01M | -22.01M | -22.01M | -22.01M | -22.01M | |
| Shareholders' Equity | 515.19M | 491.43M | 474.39M | 684.43M | 715.08M | 663.40M |
| Total Liabilities & Equity | 649.92M | 632.18M | 594.52M | 768.57M | 794.20M | 766.89M |
| Total Debt | 3.24M | 5.31M | 4.25M | 8.54M | 3.81M | 3.53M |
| Net Cash (Debt) | 181.75M | 78.23M | 38.05M | -1.50M | 20.66M | 32.92M |
| Net Cash Per Share | 13.72 | 5.94 | 2.95 | -0.12 | 1.54 | 2.46 |
| Filing Date Shares Outstanding | 13.22M | 13.12M | 12.91M | 12.80M | 12.67M | 13.12M |
| Total Common Shares Outstanding | 13.21M | 13.13M | 12.91M | 12.81M | 12.69M | 13.15M |
| Working Capital | 263.64M | 181.48M | 145.76M | 105.48M | 122.80M | 83.43M |
| Book Value Per Share | 39.01 | 37.42 | 36.75 | 53.44 | 56.36 | 50.45 |
| Tangible Book Value | 512.88M | 467.79M | 450.42M | 665.44M | 690.66M | 638.66M |
| Tangible Book Value Per Share | 38.83 | 35.62 | 34.89 | 51.96 | 54.43 | 48.57 |
| Land | 519.00K | 24.03M | 24.14M | 24.14M | 24.14M | 24.14M |
| Buildings | 99.01M | 97.99M | 95.44M | 90.15M | 89.01M | 84.27M |
| Machinery | 350.89M | 350.59M | 337.31M | 314.98M | 306.18M | 288.13M |
| Construction In Progress | 15.72M | 14.00M | 6.42M | 23.94M | 47.19M | 11.47M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 26.31M | 11.19M | -212.84M | -35.67M | 72.22M | 249.83M |
| Depreciation & Amortization | 43.88M | 43.17M | 40.18M | 41.54M | 36.99M | 37.81M |
| Other Amortization | 314.00K | 301.00K | 301.00K | 301.00K | 265.00K | 314.00K |
| Loss (Gain) From Sale of Assets | 213.00K | -1.18M | 1.95M | 807.00K | 7.47M | -2.54M |
| Asset Writedown & Restructuring Costs | 2.42M | 4.29M | 12.55M | 43.80M | 1.75M | 2.11M |
| Loss (Gain) From Sale of Investments | 888.00K | 266.00K | ||||
| Loss (Gain) on Equity Investments | 153.00K | 374.00K | 299.00K | 938.00K | -689.00K | |
| Stock-Based Compensation | 4.71M | 5.08M | 3.58M | 6.53M | 6.15M | 3.01M |
| Provision & Write-off of Bad Debts | 62.00K | 62.00K | 120.00K | 110.00K | ||
| Other Operating Activities | -8.32M | 4.44M | 3.96M | 6.49M | -10.11M | |
| Change in Accounts Receivable | 1.86M | -11.37M | -508.00K | 4.55M | 8.67M | -12.62M |
| Change in Inventory | -8.45M | -3.93M | -10.83M | -11.86M | -33.28M | 7.36M |
| Change in Accounts Payable | 4.25M | 4.72M | -3.52M | -3.72M | -3.60M | 13.46M |
| Change in Unearned Revenue | -2.26M | -2.26M | 42.74M | 5.00M | ||
| Change in Income Taxes | 42.00K | |||||
| Change in Other Net Operating Assets | 3.08M | -6.00K | 26.00K | -7.12M | -30.46M | -527.00K |
| Operating Cash Flow | 62.45M | 55.78M | 72.50M | 43.23M | 88.82M | 79.07M |
| Capital Expenditures | -32.74M | -30.24M | -38.71M | -65.06M | -68.70M | -19.79M |
| Sale of Property, Plant & Equipment | 4.50M | 5.84M | 4.84M | 125.00K | 58.00K | 6.04M |
| Sale (Purchase) of Intangibles | -200.00K | |||||
| Investment in Securities | 8.00M | 9.00M | 3.00M | 4.58M | -10.54M | -1.08M |
| Other Investing Activities | 59.52M | 2.13M | 1.54M | 796.00K | ||
| Investing Cash Flow | 39.27M | -13.27M | -29.53M | -59.55M | -79.18M | -14.82M |
| Long-Term Debt Issued | 9.00M | |||||
| Total Debt Issued | 9.00M | |||||
| Long-Term Debt Repaid | -1.04M | -4.94M | -5.60M | -46.08M | ||
| Total Debt Repaid | -1.41M | -1.04M | -4.94M | -5.60M | -46.08M | |
| Net Debt Issued (Repaid) | -1.41M | -1.04M | -4.94M | 3.40M | -46.08M | |
| Issuance of Common Stock | 1.82M | 1.84M | 110.00K | 89.00K | ||
| Repurchase of Common Stock | -1.49M | -1.07M | -775.00K | -1.51M | -26.81M | -791.00K |
| Other Financing Activities | -683.00K | -1.01M | -505.00K | |||
| Financing Cash Flow | -1.77M | -276.00K | -5.72M | 1.89M | -27.70M | -47.28M |
| Net Cash Flow | 99.95M | 42.24M | 37.25M | -14.43M | -18.06M | 16.96M |
| Free Cash Flow | 29.71M | 25.54M | 33.79M | -21.83M | 20.12M | 59.28M |
| Free Cash Flow Margin | 12.30% | 10.74% | 16.53% | -9.47% | 6.85% | 26.56% |
| Free Cash Flow Per Share | 2.24 | 1.94 | 2.62 | -1.71 | 1.50 | 4.43 |
| Levered Free Cash Flow | 37.03M | 35.82M | -1.11M | -13.25M | -12.24M | 52.80M |
| Unlevered Free Cash Flow | 36.72M | 35.53M | -1.48M | -13.69M | -12.54M | 53.36M |
| Cash Interest Paid | 479.00K | 463.00K | 503.00K | 411.00K | ||
| Cash Income Tax Paid | 392.00K | 487.00K | 9.00K | 179.00K | 1.01M | 193.00K |
| Change in Working Capital | -1.52M | -12.84M | 222.13M | -21.62M | -35.34M | -201.36M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 409.70M | 363.69M | 282.88M | 305.45M | 379.47M | 560.71M |
| Enterprise Value | 227.95M | 290.19M | 245.81M | 303.97M | 327.40M | 536.23M |
| Last Close Price | 30.99 | 27.73 | 21.92 | 23.89 | 28.87 | 42.73 |
| PE Ratio | 15.62 | 32.52 | 5.25 | 2.24 | ||
| Forward PE | 16.77 | 56.74 | 267.56 | 278.31 | 5.48 | 10.43 |
| PS Ratio | 1.70 | 1.53 | 1.38 | 1.32 | 1.29 | 2.51 |
| PB Ratio | 0.79 | 0.74 | 0.60 | 0.45 | 0.53 | 0.84 |
| P/TBV Ratio | 0.80 | 0.78 | 0.63 | 0.46 | 0.55 | 0.88 |
| P/FCF Ratio | 13.79 | 14.24 | 8.37 | 18.86 | 9.46 | |
| P/OCF Ratio | 6.56 | 6.52 | 3.90 | 7.07 | 4.27 | 7.09 |
| PEG Ratio | 12.89 | 12.89 | 12.89 | 12.89 | 12.89 | |
| EV/Sales Ratio | 0.94 | 1.22 | 1.20 | 1.32 | 1.11 | 2.40 |
| EV/EBITDA Ratio | 3.58 | 4.70 | 6.91 | 6.53 | 2.37 | 8.21 |
| EV/EBIT Ratio | 10.94 | 14.66 | 45.93 | 3.18 | 18.04 | |
| EV/FCF Ratio | 7.67 | 11.36 | 7.28 | 16.27 | 9.05 | |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA Ratio | 0.05 | 0.08 | 0.11 | 0.18 | 0.03 | 0.05 |
| Debt / FCF Ratio | 0.11 | 0.21 | 0.13 | 0.19 | 0.06 | |
| Net Debt / Equity Ratio | -0.35 | -0.16 | -0.08 | 0.00 | -0.03 | -0.05 |
| Net Debt / EBITDA Ratio | -2.85 | -1.27 | -1.07 | 0.03 | -0.15 | -0.50 |
| Net Debt / FCF Ratio | -6.12 | -3.06 | -1.13 | -0.07 | -1.03 | -0.56 |
| Asset Turnover | 0.38 | 0.39 | 0.30 | 0.29 | 0.38 | 0.34 |
| Inventory Turnover | 1.70 | 1.58 | 1.51 | 1.64 | 1.57 | 2.00 |
| Quick Ratio | 4.13 | 2.19 | 1.72 | 0.66 | 1.06 | 0.99 |
| Current Ratio | 6.33 | 4.38 | 4.83 | 3.27 | 3.51 | 2.14 |
| Return on Equity (ROE) | 3.13% | 2.32% | -36.73% | -5.10% | 10.48% | 46.49% |
| Return on Assets (ROA) | 2.07% | 2.02% | -0.30% | 0.53% | 8.24% | 2.82% |
| Return on Invested Capital (ROIC) | 5.47% | 4.45% | -0.58% | 0.96% | 11.62% | 5.49% |
| Return on Capital Employed (ROCE) | 3.50% | 3.40% | -0.60% | 0.90% | 13.80% | 4.30% |
| Earnings Yield | 6.40% | 3.08% | -75.24% | -11.68% | 19.03% | 44.56% |
| FCF Yield | 7.25% | 7.02% | 11.95% | -7.15% | 5.30% | 10.57% |
| Buyback Yield / Dilution | -2.47% | -2.28% | -0.93% | 5.14% | -0.46% | -3.06% |