NYSE : SQM
Sociedad Química y Minera de Chile S.A. — Financial statements
Materials · Specialty Chemicals · Chile
Last price 54.65 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 15.61B
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Financial statements
Sociedad Química y Minera de Chile S.A. (SQM) reported revenue of 6.73B 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 | 6.73B | 4.58B | 4.53B | 7.47B | 10.71B | 2.86B |
| Cost of Revenue | 3.89B | 3.22B | 3.21B | 4.39B | 4.97B | 1.77B |
| Gross Profit | 2.84B | 1.35B | 1.32B | 3.08B | 5.74B | 1.09B |
| Selling, General & Admin | 205.91M | 195.58M | 185.96M | 175.76M | 142.64M | 118.89M |
| Other Operating Expenses | 26.28M | 69.50M | 59.86M | 4.56M | 17.83M | 38.50M |
| Operating Expenses | 232.14M | 264.10M | 246.46M | 180.13M | 157.10M | 157.91M |
| Operating Income | 2.60B | 1.09B | 1.08B | 2.89B | 5.58B | 932.20M |
| Interest Expense | -191.81M | -179.52M | -188.26M | -125.39M | -90.07M | -82.04M |
| Interest & Investment Income | 106.04M | 85.71M | 103.64M | 118.53M | 44.70M | 4.56M |
| Earnings From Equity Investments | -2.35M | -502.00K | 11.03M | 593.00K | 20.16M | 11.13M |
| Currency Exchange Gain (Loss) | -17.20M | -2.11M | -8.61M | -22.29M | -25.40M | -17.24M |
| Other Non Operating Income (Expenses) | -12.91M | -7.60M | -10.41M | -11.18M | -3.60M | -1.22M |
| EBT Excluding Unusual Items | 2.49B | 984.47M | 984.42M | 2.86B | 5.53B | 847.39M |
| Merger & Restructuring Charges | -9.12M | -9.12M | ||||
| Impairment of Goodwill | -9.00K | -33.63M | ||||
| Gain (Loss) on Sale of Investments | -3.19M | -3.92M | 455.00K | -2.35M | 1.41M | -2.21M |
| Gain (Loss) on Sale of Assets | 31.00K | 31.00K | 43.00K | 11.00K | 365.00K | 287.00K |
| Asset Writedown | -10.96M | -10.79M | -10.76M | -47.06M | -8.60M | -6.06M |
| Other Unusual Items | -982.00K | |||||
| Pretax Income | 2.46B | 960.73M | 974.41M | 2.81B | 5.49B | 841.22M |
| Income Tax Expense | 927.42M | 320.08M | 1.37B | 787.27M | 1.57B | 249.02M |
| Earnings From Continuing Operations | 1.54B | 640.64M | -397.63M | 2.02B | 3.91B | 592.21M |
| Minority Interest in Earnings | -148.10M | -52.51M | -6.72M | -7.08M | -7.97M | -6.75M |
| Net Income | 1.39B | 588.14M | -404.36M | 2.01B | 3.91B | 585.45M |
| Net Income to Common | 1.39B | 588.14M | -404.36M | 2.01B | 3.91B | 585.45M |
| Shares Outstanding (Basic) | 285.64M | 285.64M | 285.64M | 285.64M | 285.64M | 285.64M |
| Shares Outstanding (Diluted) | 285.64M | 285.64M | 285.64M | 285.64M | 285.64M | 285.64M |
| EPS (Basic) | 4.86 | 2.06 | -1.42 | 7.05 | 13.68 | 2.05 |
| EPS (Diluted) | 4.86 | 2.06 | -1.42 | 7.05 | 13.68 | 2.05 |
| Free Cash Flow | 1.96B | 437.69M | 302.89M | -1.28B | 3.17B | 357.80M |
| Free Cash Flow Per Share | 6.85 | 1.53 | 1.06 | -4.49 | 11.12 | 1.25 |
| Dividend Per Share | 1.44 | 2.11 | 10.94 | 0.65 | ||
| Gross Margin | 42.17% | 29.56% | 29.22% | 41.18% | 53.56% | 38.09% |
| Operating Margin | 38.72% | 23.79% | 23.78% | 38.77% | 52.09% | 32.57% |
| Profit Margin | 20.62% | 12.85% | -8.93% | 26.95% | 36.47% | 20.45% |
| Free Cash Flow Margin | 29.10% | 9.56% | 6.69% | -17.17% | 29.64% | 12.50% |
| EBITDA | 3.00B | 1.48B | 1.40B | 3.16B | 5.81B | 1.14B |
| EBITDA Margin | 44.67% | 32.28% | 30.81% | 42.30% | 54.28% | 39.69% |
| D&A For EBITDA | 400.19M | 388.66M | 318.33M | 264.15M | 234.25M | 203.87M |
| EBIT | 2.60B | 1.09B | 1.08B | 2.89B | 5.58B | 932.20M |
| EBIT Margin | 38.72% | 23.79% | 23.78% | 38.77% | 52.09% | 32.57% |
| Effective Tax Rate | 37.66% | 33.32% | 140.81% | 28.05% | 28.66% | 29.60% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.38B | 1.75B | 1.38B | 1.04B | 2.66B | 1.52B |
| Short-Term Investments | 938.01M | 969.73M | 1.06B | 1.32B | 950.17M | 905.17M |
| Trading Asset Securities | 34.56M | 1.70M | 15.40M | 7.04M | ||
| Cash & Short-Term Investments | 4.35B | 2.72B | 2.45B | 2.37B | 3.61B | 2.42B |
| Accounts Receivable | 1.00B | 622.93M | 566.26M | 827.44M | 1.08B | 671.84M |
| Other Receivables | 230.35M | 420.68M | 488.24M | 70.38M | 158.59M | 181.91M |
| Receivables | 1.23B | 1.04B | 1.05B | 897.82M | 1.24B | 853.75M |
| Inventory | 1.90B | 1.80B | 1.70B | 1.77B | 1.78B | 1.18B |
| Prepaid Expenses | 53.13M | 62.10M | 47.72M | |||
| Other Current Assets | 127.48M | 149.55M | 319.52M | 828.52M | 360.67M | 128.35M |
| Total Current Assets | 7.66B | 5.78B | 5.58B | 5.87B | 6.99B | 4.59B |
| Property, Plant & Equipment | 5.08B | 4.91B | 4.52B | 3.68B | 2.79B | 2.06B |
| Long-Term Investments | 733.25M | 707.44M | 646.50M | 334.70M | 63.91M | 48.85M |
| Goodwill | 958.00K | 958.00K | 948.00K | 958.00K | 967.00K | 34.60M |
| Other Intangible Assets | 2.55B | 2.55B | 167.97M | 155.87M | 166.34M | 179.66M |
| Long-Term Deferred Tax Assets | 139.29M | 176.00M | 157.56M | 302.24M | 604.47M | 135.90M |
| Long-Term Deferred Charges | 61.33M | 61.51M | 65.51M | 57.46M | 44.02M | 26.75M |
| Other Long-Term Assets | 419.43M | 315.68M | 360.92M | 1.31B | 160.18M | 103.52M |
| Total Assets | 16.65B | 14.50B | 11.50B | 11.71B | 10.82B | 7.18B |
| Accounts Payable | 477.39M | 425.28M | 458.42M | 444.13M | 358.71M | 279.09M |
| Accrued Expenses | 809.05M | 510.66M | 418.89M | 487.25M | 1.59B | 365.53M |
| Current Portion of Long-Term Debt | 425.74M | 470.75M | 1.16B | 1.26B | 523.00M | 51.30M |
| Current Portion of Leases | 31.26M | 22.20M | 23.01M | 18.19M | 12.15M | 7.70M |
| Current Income Taxes Payable | 815.61M | 113.09M | 79.84M | 20.89M | 356.61M | 166.94M |
| Current Unearned Revenue | 20.79M | 3.15M | 4.66M | 4.14M | 19.34M | 5.61M |
| Other Current Liabilities | 359.85M | 223.69M | 70.53M | 120.04M | 189.29M | 115.54M |
| Total Current Liabilities | 2.94B | 1.77B | 2.22B | 2.35B | 3.05B | 991.71M |
| Long-Term Debt | 4.79B | 4.22B | 3.60B | 3.21B | 2.39B | 2.59B |
| Long-Term Leases | 66.61M | 50.78M | 60.80M | 56.97M | 49.59M | 46.52M |
| Pension & Post-Retirement Benefits | 43.83M | 45.25M | 65.61M | 62.01M | 43.87M | 27.10M |
| Long-Term Deferred Tax Liabilities | 69.79M | 311.21M | 298.38M | 394.69M | 289.82M | 246.32M |
| Other Long-Term Liabilities | 61.00M | 54.44M | 53.32M | 60.45M | 58.05M | 64.85M |
| Total Liabilities | 7.97B | 6.45B | 6.30B | 6.14B | 5.89B | 3.96B |
| Common Stock | 1.58B | 1.58B | 1.58B | 1.58B | 1.58B | 1.58B |
| Retained Earnings | 4.63B | 4.03B | 3.62B | 3.84B | 3.35B | 1.65B |
| Comprehensive Income & Other | 101.52M | 81.33M | -37.42M | 114.87M | -31.12M | -44.16M |
| Total Common Equity | 6.31B | 5.69B | 5.16B | 5.53B | 4.90B | 3.18B |
| Minority Interest | 2.37B | 2.36B | 37.25M | 36.23M | 35.37M | 34.45M |
| Shareholders' Equity | 8.68B | 8.05B | 5.20B | 5.57B | 4.93B | 3.22B |
| Total Liabilities & Equity | 16.65B | 14.50B | 11.50B | 11.71B | 10.82B | 7.18B |
| Total Debt | 5.31B | 4.76B | 4.85B | 4.55B | 2.98B | 2.69B |
| Net Cash (Debt) | -964.99M | -2.04B | -2.39B | -2.18B | 626.45M | -273.04M |
| Net Cash Per Share | -3.38 | -7.15 | -8.38 | -7.63 | 2.19 | -0.96 |
| Filing Date Shares Outstanding | 285.64M | 285.64M | 285.64M | 285.64M | 285.64M | 285.64M |
| Total Common Shares Outstanding | 285.64M | 285.64M | 285.64M | 285.64M | 285.64M | 285.64M |
| Working Capital | 4.72B | 4.01B | 3.36B | 3.52B | 3.94B | 3.59B |
| Book Value Per Share | 22.09 | 19.92 | 18.07 | 19.36 | 17.14 | 11.14 |
| Tangible Book Value | 3.76B | 3.14B | 4.99B | 5.37B | 4.73B | 2.97B |
| Tangible Book Value Per Share | 13.16 | 10.98 | 17.48 | 18.81 | 16.56 | 10.39 |
| Land | 24.69M | 24.69M | 24.70M | 23.48M | 23.48M | 23.51M |
| Buildings | 1.15B | 1.03B | 947.59M | 851.71M | 803.40M | 767.10M |
| Machinery | 5.81B | 5.20B | 5.14B | 4.34B | 3.86B | 3.60B |
| Construction In Progress | 1.93B | 2.48B | 1.96B | 1.83B | 1.33B | 731.79M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.39B | 588.14M | -404.36M | 2.01B | 3.91B | 585.45M |
| Depreciation & Amortization | 430.08M | 415.43M | 340.99M | 281.43M | 243.46M | 212.57M |
| Other Amortization | 15.64M | 13.76M | 6.92M | 5.34M | 4.10M | 4.38M |
| Asset Writedown & Restructuring Costs | 481.00K | 430.00K | ||||
| Other Operating Activities | 935.39M | 297.04M | 1.33B | -2.48B | -74.19M | 19.68M |
| Operating Cash Flow | 2.77B | 1.31B | 1.27B | -178.29M | 4.08B | 822.52M |
| Capital Expenditures | -811.06M | -876.68M | -971.79M | -1.10B | -905.25M | -464.72M |
| Sale of Property, Plant & Equipment | 79.00K | 79.00K | 23.00K | 44.00K | 112.00K | 672.00K |
| Cash Acquisitions | -11.48M | -122.59M | -31.89M | |||
| Sale (Purchase) of Intangibles | 36.00K | 281.00K | 13.04M | 5.21M | 3.62M | 14.77M |
| Investment in Securities | -123.00K | -6.53M | -367.91M | -60.50M | -5.42M | -565.01M |
| Other Investing Activities | -289.86M | 122.57M | 235.24M | -322.64M | 29.41M | 7.34M |
| Investing Cash Flow | -1.10B | -771.76M | -1.21B | -1.48B | -909.40M | -1.01B |
| Short-Term Debt Issued | 1.11B | 1.25B | 1.22B | 60.00M | ||
| Long-Term Debt Issued | 607.46M | 886.76M | 850.00M | 200.00M | 700.00M | |
| Total Debt Issued | 2.13B | 1.72B | 2.14B | 2.06B | 260.00M | 700.00M |
| Long-Term Debt Repaid | -1.87B | -1.79B | -546.05M | -24.59M | -22.07M | |
| Lease Payments | -29.86M | -25.57M | -22.29M | -15.91M | -10.48M | -7.96M |
| Net Debt Issued (Repaid) | 492.61M | -142.68M | 349.60M | 1.52B | 235.41M | 677.93M |
| Issuance of Common Stock | 1.10B | |||||
| Common Dividends Paid | -349.77M | -4.27M | -67.22M | -1.47B | -2.24B | -171.70M |
| Other Financing Activities | 4.69M | -2.57M | ||||
| Financing Cash Flow | 147.53M | -146.95M | 282.38M | 47.91M | -2.01B | 1.21B |
| Foreign Exchange Rate Adjustments | -3.45M | -23.18M | -6.59M | -2.00M | -25.04M | -16.11M |
| Net Cash Flow | 1.81B | 372.47M | 336.48M | -1.61B | 1.14B | 1.01B |
| Free Cash Flow | 1.96B | 437.69M | 302.89M | -1.28B | 3.17B | 357.80M |
| Free Cash Flow Margin | 29.10% | 9.56% | 6.69% | -17.17% | 29.64% | 12.50% |
| Free Cash Flow Per Share | 6.85 | 1.53 | 1.06 | -4.49 | 11.12 | 1.25 |
| Levered Free Cash Flow | 2.62B | 429.63M | 277.54M | -635.46M | 3.14B | 378.48M |
| Unlevered Free Cash Flow | 2.73B | 534.69M | 389.72M | -560.98M | 3.19B | 427.09M |
| Free Cash Flow After Leases | 1.93B | 412.12M | 280.60M | -1.30B | 3.16B | 349.84M |
| Cash Interest Paid | 239.16M | 252.96M | 243.65M | 123.26M | 110.92M | 84.40M |
| Cash Income Tax Paid | 77.48M | 107.07M | 235.16M | 2.31B | 1.65B | 142.73M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 15.63B | 19.65B | 10.39B | 17.20B | 22.81B | 14.40B |
| Enterprise Value | 16.59B | 22.03B | 12.76B | 18.24B | 21.76B | 14.52B |
| Last Close Price | 54.65 | 67.49 | 35.67 | 58.90 | 74.25 | 44.52 |
| PE Ratio | 12.03 | 33.41 | 8.55 | 5.84 | 24.60 | |
| Forward PE | 7.03 | 18.03 | 12.12 | 7.84 | 6.50 | 14.95 |
| PS Ratio | 2.33 | 4.29 | 2.29 | 2.30 | 2.13 | 5.03 |
| PB Ratio | 2.47 | 2.44 | 2.00 | 3.09 | 4.62 | 4.48 |
| P/TBV Ratio | 4.18 | 6.26 | 2.08 | 3.20 | 4.82 | 4.86 |
| P/FCF Ratio | 8.02 | 44.90 | 34.29 | 7.18 | 40.26 | |
| P/OCF Ratio | 5.67 | 14.95 | 8.15 | 5.59 | 17.51 | |
| PEG Ratio | 0.18 | 0.47 | 5.99 | 0.39 | 0.44 | 0.37 |
| EV/Sales Ratio | 2.48 | 4.81 | 2.82 | 2.44 | 2.03 | 5.07 |
| EV/EBITDA Ratio | 5.55 | 14.91 | 9.14 | 5.78 | 3.74 | 12.78 |
| EV/EBIT Ratio | 6.40 | 20.24 | 11.85 | 6.30 | 3.90 | 15.58 |
| EV/FCF Ratio | 8.52 | 50.33 | 42.13 | 6.85 | 40.59 | |
| Debt / Equity Ratio | 0.61 | 0.59 | 0.93 | 0.82 | 0.60 | 0.84 |
| Debt / EBITDA Ratio | 1.75 | 3.17 | 3.42 | 1.43 | 0.51 | 2.35 |
| Debt / FCF Ratio | 2.72 | 10.88 | 16.01 | 0.94 | 7.53 | |
| Net Debt / Equity Ratio | 0.11 | 0.25 | 0.46 | 0.39 | -0.13 | 0.09 |
| Net Debt / EBITDA Ratio | 0.32 | 1.38 | 1.72 | 0.69 | -0.11 | 0.24 |
| Net Debt / FCF Ratio | 0.49 | 4.67 | 7.90 | -1.70 | -0.20 | 0.76 |
| Asset Turnover | 0.48 | 0.35 | 0.39 | 0.66 | 1.19 | 0.48 |
| Inventory Turnover | 2.08 | 1.84 | 1.84 | 2.47 | 3.35 | 1.56 |
| Quick Ratio | 1.90 | 2.13 | 1.58 | 1.39 | 1.59 | 3.30 |
| Current Ratio | 2.60 | 3.27 | 2.51 | 2.50 | 2.29 | 4.62 |
| Return on Equity (ROE) | 21.82% | 9.67% | -7.39% | 38.48% | 96.08% | 22.02% |
| Return on Assets (ROA) | 11.55% | 5.23% | 5.80% | 16.06% | 38.75% | 9.71% |
| Return on Invested Capital (ROIC) | 16.91% | 8.21% | -5.73% | 34.57% | 102.14% | 19.31% |
| Return on Capital Employed (ROCE) | 19.00% | 8.50% | 11.60% | 30.90% | 71.80% | 15.10% |
| Earnings Yield | 8.31% | 2.99% | -3.89% | 11.70% | 17.13% | 4.06% |
| FCF Yield | 12.46% | 2.23% | 2.92% | -7.45% | 13.92% | 2.48% |
| Dividend Yield | 5.26% | 3.51% | 13.70% | 1.29% | ||
| Payout Ratio | 34.82% | 0.73% | 73.09% | 57.30% | 29.33% | |
| Buyback Yield / Dilution | 0.00% | 0.00% | 0.00% | -8.53% | ||
| Total Shareholder Return | 5.23% | 3.51% | 13.70% | -7.24% |