Intrepid Potash, Inc. logo

Intrepid Potash, Inc.

IPI

NYSEBasic MaterialsAgricultural Inputs

Latest quote

$38.96

+$0.70 · +1.83%

Aug 21, 3:55 PM ET

IPI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

68

Undervalued

Momentum

46

Neutral

Sentiment

62

Bullish

Risk resilience

48

Elevated Risk

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Company profile

Company website

Intrepid Potash, Inc. (IPI), a company founded in 2000 and based in Denver, Colorado, specializes in the extraction and production of potash for markets within the United States and globally. The firm's operations are strategically divided into three principal segments: Potash, Trio, and Oilfield Solutions. Within the Potash segment, Intrepid supplies muriate of potash, also known as potassium chloride. This versatile compound serves multiple applications, including as a vital fertilizer component for agriculture, an essential ingredient in drilling and fracturing fluids for the oil and gas sector, an input for various industrial processes, and a nutritional supplement for animal feed. The Trio segment focuses on a specialized fertilizer product named Trio, which uniquely delivers potassium, sulfate, and magnesium in a single, convenient particle. Through its Oilfield Solutions segment, Intrepid provides critical support to the oil and gas services industry by supplying water, delivering on-site, real-time potassium chloride mixing for hydraulic fracturing operations, and offering comprehensive trucking services. Beyond these core segments, the company diversifies its product portfolio with various other offerings. These include: salt, utilized in animal feeds, diverse industrial applications, pool maintenance, and for de-icing or managing road conditions; magnesium chloride, employed for deicing and dedusting roadways; brines, crucial for well development and completion activities within the oil and gas industry; and a specialized metal recovery salt, which combines potash and salt to optimize aluminum recovery in recycling facilities.

Industry
Agricultural Inputs
Sector
Basic Materials
Headquarters
US
CEO
Kevin S. Crutchfield
Listed since
Apr 22, 2008
Employees
478

Market position

Volume
287.24K
1.31× average
Average volume
219.37K
Average daily volume
Market cap
523.62M USD
Beta
1.25
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
282.66M USD
P/E (TTM)
19.52×
P/B (TTM)
P/S (TTM)
1.78×
EV / EBITDA
5.15×
Earnings yield
3.10%
Free cash flow yield
7.08%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
19.76%
Operating margin
4.33%
Net margin
8.94%
Return on equity
2.28%
Return on assets
1.77%
Return on invested capital
2.55%

Financial health

Debt / equity
0.01×
Current ratio
4.38×
Altman Z-score
3.03
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends110%40%-31%-101%Gross margin, FY2021: 20.63%Gross margin, FY2022: 41.89%Gross margin, FY2023: 13.20%Gross margin, FY2024: 11.42%Gross margin, FY2025: 17.50%Operating margin, FY2021: 11.94%Operating margin, FY2022: 28.27%Operating margin, FY2023: -15.75%Operating margin, FY2024: -7.80%Operating margin, FY2025: 5.20%Net margin, FY2021: 92.42%Net margin, FY2022: 21.39%Net margin, FY2023: -12.78%Net margin, FY2024: -83.57%Net margin, FY2025: 3.75%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 20.63%. Gross margin FY2022 41.89%. Gross margin FY2023 13.20%. Gross margin FY2024 11.42%. Gross margin FY2025 17.50%. Operating margin FY2021 11.94%. Operating margin FY2022 28.27%. Operating margin FY2023 -15.75%. Operating margin FY2024 -7.80%. Operating margin FY2025 5.20%. Net margin FY2021 92.42%. Net margin FY2022 21.39%. Net margin FY2023 -12.78%. Net margin FY2024 -83.57%. Net margin FY2025 3.75%.

Income trends

Revenue

298.33M USD+17.13%

Operating income

15.51M USD+35.37M USD

Net income

11.19M USD+224.03M USD
Income trends across reported periods392.61M USD172.44M USD−47.72M USD−267.89M USDRevenue, FY2021: 270.33M USDRevenue, FY2022: 337.57M USDRevenue, FY2023: 279.08M USDRevenue, FY2024: 254.69M USDRevenue, FY2025: 298.33M USDOperating income, FY2021: 32.27M USDOperating income, FY2022: 95.44M USDOperating income, FY2023: −43.97M USDOperating income, FY2024: −19.86M USDOperating income, FY2025: 15.51M USDNet income, FY2021: 249.83M USDNet income, FY2022: 72.22M USDNet income, FY2023: −35.67M USDNet income, FY2024: −212.85M USDNet income, FY2025: 11.19M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 270.33M USD. Revenue FY2022 337.57M USD. Revenue FY2023 279.08M USD. Revenue FY2024 254.69M USD. Revenue FY2025 298.33M USD. Operating income FY2021 32.27M USD. Operating income FY2022 95.44M USD. Operating income FY2023 −43.97M USD. Operating income FY2024 −19.86M USD. Operating income FY2025 15.51M USD. Net income FY2021 249.83M USD. Net income FY2022 72.22M USD. Net income FY2023 −35.67M USD. Net income FY2024 −212.85M USD. Net income FY2025 11.19M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue298.33M USD254.69M USD279.08M USD337.57M USD270.33M USD
Cost of goods sold246.12M USD225.61M USD242.24M USD196.16M USD214.57M USD
Gross profit52.21M USD29.08M USD36.85M USD141.41M USD55.76M USD
Selling, general, and administrative32.97M USD32.42M USD31.8M USD24M USD
Operating expenses36.71M USD48.94M USD80.82M USD45.97M USD23.49M USD
Interest income2.2M USD1.71M USD298K USD176K USD
Interest expense112K USD101K USD1.47M USD
Depreciation and amortization43.17M USD37.69M USD39.4M USD36.99M USD35.96M USD
Operating income15.51M USD−19.86M USD−43.97M USD95.44M USD32.27M USD
Net income11.19M USD−212.85M USD−35.67M USD72.22M USD249.83M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
-80.81%
11 comparable reports
Latest EPS result
0.56
Estimate 0.78 · Miss by 28.11%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.850.50.16-0.19Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 3, 2025: actual -0.11, estimate -0.05, surprise -120.00%, Miss. Q2 2025, reported May 5, 2025: actual 0.39, estimate -0.12, surprise +425.00%, Beat. Q3 2025, reported Aug 6, 2025: actual 0.45, estimate 0.17, surprise +164.71%, Beat. Q4 2025, reported Nov 5, 2025: actual 0.11, estimate 0.13, surprise -15.38%, Miss. Q1 2026, reported Mar 4, 2026: actual 0.49, estimate 0.26, surprise +88.46%, Beat. Q2 2026, reported May 6, 2026: actual 0.62, estimate 0.48, surprise +29.17%, Beat. Q3 2026, reported Aug 4, 2026: actual 0.56, estimate 0.779, surprise -28.11%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.264, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates102.63M84.17M65.71M47.25MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 3, 2025: actual 55.8M USD, estimate 70.06M USD, surprise -20.35%, Miss. Q2 2025, reported May 5, 2025: actual 97.76M USD, estimate 53.99M USD, surprise +81.07%, Beat. Q3 2025, reported Aug 6, 2025: actual 71.47M USD, estimate 61.61M USD, surprise +16.00%, Beat. Q4 2025, reported Nov 5, 2025: actual 53.22M USD, estimate 65.25M USD, surprise -18.43%, Miss. Q1 2026, reported Mar 4, 2026: actual 75.88M USD, estimate 65.25M USD, surprise +16.29%, Beat. Q2 2026, reported May 6, 2026: actual 98.69M USD, estimate 88.3M USD, surprise +11.76%, Beat. Q3 2026, reported Aug 4, 2026: actual 66.69M USD, estimate 64.86M USD, surprise +2.82%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 51.2M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$29.00

25.60% downside
Past 12 months12-month forecastHigh $29.00Average $29.00Low $29.00

Rating distribution

26 ratings
Strong buy00%
Buy727%
Hold1662%
Sell312%
Strong sell00%

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