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MARKETS / NYSE / Materials / Nonmetallic mining / IPI
NYSE · MINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS) · MID CAP

Intrepid Potash, Inc. IPI

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$298.3M
▲ 17.1% YoY
$11.2M
$25.5M
▼ 24.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Intrepid Potash, Inc. is a diversified mineral company that produces potassium, magnesium, sulfur, salt and water products for the agriculture, animal feed and oil and gas industries, and it is the only U.S. producer of muriate of potash, which is used as a crop nutrient, in industrial applications and as an ingredient in animal feed. During 2025, it supplied approximately 0.5% of global annual potassium consumption and approximately 4.0% of U.S. annual potassium consumption. As of December 31, 2025, it had a total of 478 employees. In 2025 it had no customers that accounted for more than 10% of its total consolidated revenues, while in 2024 and 2023 it had one customer, Bill Barr & Company, Inc., that accounted for more than 10% of its total consolidated revenues. Its three primary products are potash, Trio, and water. It produces potash from three solution mining facilities, the HB solution mine in Carlsbad, New Mexico, a solution mine in Moab, Utah, and a brine recovery mine in Wendover, Utah, also operates a North compaction facility in Carlsbad, New Mexico that compacts and granulates product from the HB mine, and produces Trio at its conventional underground East mine, also in Carlsbad, New Mexico. Intrepid was incorporated in Delaware in 2007.

Written from the business description in Intrepid Potash, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 5 March 2026. Every sentence was checked against that document before publication.

Growth

USD 298.3M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 298.3 · Net income 11.2
150M300M-100M-200M
2009201220152018202120242025
Compound annual growth
−45.9%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

4 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.6% · Net 3.7%
-50%
200920172025
ROE
FY2025 · ROE 2.3%
20%40%-20%-40%-60%
200920172025
Three returns, three denominators.
Gross margin18.4%
Operating margin3.6%
Net margin3.7%
EBITDAUSD 51.2M

Each USD of equity produced 2 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 25.5
25.0M50.0M-100.0M-200.0M
200920172025
Net buybacks $M Dividends $M
FY2024 · Dividends · · Net buybacks 0.0
20M40M
2010201120122013201420202021202220232024
Dividends paid·
Net buybacks·
Share of profit·
Consecutive raises·

Total assetsUSD 632.2M
EquityUSD 491.4M
CashUSD 83.5M
Current ratio4.38×

Equity funds 78% of total assets.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
IPI, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.30.30.3◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Operating income $B0.0−0.0−0.00.10.0−0.00.00.0−0.0−0.1−0.40.00.00.10.20.10.1
EBITDA $B0.10.0−0.00.10.10.00.10.00.0−0.0−0.30.10.10.20.20.10.1
Income tax $B0.00.2−0.00.0−0.20.00.00.0−0.0−0.00.10.00.00.00.10.00.0
Net income $B0.0−0.2−0.00.10.2−0.00.00.0−0.0−0.1−0.50.00.00.10.10.00.1
Free cash flow $B0.00.0−0.00.00.10.0−0.00.00.0−0.0−0.00.1−0.2−0.10.00.0−0.0
EPS, diluted $0.85−16.53−2.805.3718.66−2.091.040.90−0.20−0.85−6.940.130.301.161.450.600.74
Dividend / sh $◌◌◌◌◌◌◌◌◌◌0.000.000.000.75◌◌◌
Payout %———————————006500—
ROE %2.3−36.7−5.110.546.5−6.43.22.9−5.9−16.3−76.41.02.49.813.46.27.8
Shares out B0.010.010.010.010.010.010.130.130.130.080.080.080.080.080.080.080.08

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 68 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMining & Quarrying of Nonmetallic Minerals (No Fuels)
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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