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IPIIntrepid Potash, Inc.
$32.90$442M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
IPI logo

Intrepid Potash, Inc.

IPI
NYSE · Fertilizers & Ag Chemicals
$32.90
At close - Nov 6, 4:00 PM EST - USD
Market Cap$442M
P/E18.0x
52W High$50.34
Volume246.6K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Cyclical Margin Expansion Masks Structural Profitability Weakness

Intrepid Potash's recent financial recovery, marked by a swing to a $15.6M net profit in 2026Q2 and a surge in cash reserves to $185.0M, appears driven by favorable commodity pricing rather than sustainable operational improvements.

GrowthMixed
ProfitabilityStrained
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

IPI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

4/12 Beats

EPS beat 4 of last 12 quarters

02

Valuation risk

-9% Peers

P/E is 9% below peer median

03

Market leadership

RS 41 · Lag

Laggard (Underperforming 59% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 3

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
IPI+16.58%
S&P 500 (^GSPC)+7.63%
1-Year Return
IPI+37.43%
S&P 500 (^GSPC)+9.69%
3-Year Return
IPI+59.79%
S&P 500 (^GSPC)+76.72%
5-Year Return
IPI-29.14%
S&P 500 (^GSPC)+63.25%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
18.0x
Forward P/EExpansion
15.3x
EV/EBITDA50th %ile
6.8x
FCF YieldCash Flow
6.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
18.0x
5.4x
67th· Fair
EV/EBITDA
6.8x
7.7x
50th· Fair
Price/FCF
16.5x
14.3x
75th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$298M+17.1% YoY
Net income FY25
$11M+105.3% YoY
Free cash flow FY25
$26M-24.0% YoY
Operating margin FY25
5.2%+13.0 pts YoY
ROIC (FY25)2.7%
Avg ROIC 5Y2.1%
ROE (TTM)4.8%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate4/12 (33%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 3, 2026
$0.14-40.0%
vs $0.23
$51M+1.2%
vs $50M
Q3 2026
Aug 4, 2026
$0.56-28.1%
vs $0.78
$67M+2.8%
vs $65M
Q2 2026
May 6, 2026
$0.62+29.2%
vs $0.48
$99M+11.8%
vs $88M
Q2 2026
Mar 4, 2026
$0.49+88.5%
vs $0.26
$76M+16.3%
vs $65M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
MarketBeat·2d ago
What Intrepid Potash (IPI) Said on Its Q3 Earnings Call

Intrepid Potash NYSE: IPI reported higher third-quarter earnings and raised its 2026 Trio production outlook, as improvements at its East Mine helped lower costs for the specialty fertilizer product. The company also outlined plans for growth investments and said it had stepped up share repurchases.

The Motley Fool·2d ago
Intrepid Potash: 3 Key Takeaways for Long-Term Investors

Intrepid Potash raised full-year 2026 Trio production guidance by 10,000 tons. Management plans $20 million in 2027 potash mine development investments.

Defense World·2d ago
Intrepid Potash, Inc (NYSE:IPI) Stock Has Consensus Price Target of $35.00 According to Analysts

Intrepid Potash, Inc (NYSE: IPI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation

Seeking Alpha·3d ago
Intrepid Potash, Inc. (IPI) Q3 2026 Earnings Call Transcript

Intrepid Potash, Inc. ( IPI ) Q3 2026 Earnings Call November 4, 2026 12:00 PM EST Company Participants Ryan Schultz - Interim Investor Relations Manager Kevin Crutchfield - CEO & Director Zachry Adams - Vice President of Sales & Marketing Richard Kim - Vice President of Operations Jason Tremblay - Chief Financial Officer Conference Call Participants Lucas Beaumont - UBS Investment Bank, Research Division Justin Pellegrino - Morgan Stanley, Research Division Jason Ursaner - Bumbershoot Holdings Corp. Vitaly Kononov - Freedom Broker, Research Division Presentation Operator Thank you for standing by. This is the conference moderator.

Filtered for Intrepid Potash, Inc.More Headlines
04

Compare before deciding

Benchmark IPI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Intrepid Potash, Inc. (IPI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
IPI logoIPIIntrepid Potash, Inc.Current
$32.90$441.95M17.9817.13%8.31%4.81%—
MOS logoMOSThe Mosaic Company
$22.36$7.11B-16.148.36%-3.82%-3.72%3.93%
NTR logoNTRNutrien Ltd.
$71.48$34.31B15.503.52%7.78%8.6%3.1%
CF logoCFCF Industries Holdings, Inc.
$119.39$18.34B8.2919.34%27.48%25.78%1.68%
SMG logoSMGThe Scotts Miracle-Gro Company
$64.71$3.76B36.12-3.64%3.16%—4.05%
AVD logoAVDAmerican Vanguard Corporation
$0.96$27.54M-0.51-5.88%-10.7%-27.84%—

Compare IPI vs Peers

Intrepid Potash, Inc. (IPI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MOS

Most directly comparable listed peer for IPI.

Scale Benchmark

vs DE

Larger-name benchmark to compare IPI against a more recognizable public peer.

Peer Set

Compare Top 5

vs MOS, NTR, CF, SMG

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

IPI SEC Filings & Documents

Intrepid Potash, Inc. (IPI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 4, 2026·SEC

Material company update

Jun 15, 2026·SEC

Material company update

May 6, 2026·SEC

10-K Annual Reports

4
FY 2026

Mar 5, 2026·SEC

FY 2025

Mar 4, 2025·SEC

FY 2024

Mar 7, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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IPI Frequently Asked Questions

Intrepid Potash, Inc. (IPI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Intrepid Potash, Inc.'s revenue?

Intrepid Potash, Inc. (IPI) reported $292.3M in revenue over the trailing twelve months. Revenue was $298.3M in fiscal year 2025. That is 95% more than the $152.7M of fiscal year 2006.

How fast is Intrepid Potash, Inc. growing?

Intrepid Potash, Inc. (IPI) grew revenue by 6.3% over the trailing twelve months, compared with the twelve months before.

Is IPI profitable?

Yes. Intrepid Potash, Inc. (IPI) earned $24.3M in net income over the trailing twelve months (a 8.3% net margin).

Dividend & Returns
What is IPI's return on equity?

Intrepid Potash, Inc. (IPI) had a return on equity (ROE) of 4.8% over the trailing twelve months. That is below the market's typical 10-15%.

What is Intrepid Potash, Inc.'s free cash flow?

Intrepid Potash, Inc. (IPI) generated $26.8M in free cash flow over the trailing twelve months.

What if you invested $1,000 in IPI back in 2006?

Total return calculator · dividends reinvested · 20+ years of data

See returns →