Intrepid Potash, Inc. (IPI) 10-Year Financial Performance & Capital Metrics

IPI • • Industrial / General

Basic MaterialsAgricultural InputsFertilizer ProductionPhosphate & Potash Producers

AboutIntrepid Potash, Inc., together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market. The Trio segment provides Trio, a specialty fertilizer that delivers potassium, sulfate, and magnesium in a single particle. The Oilfield Solutions segment sells water for use in the oil and gas services industry; and offers potassium chloride real-time mixing services on location for hydraulic fracturing operations and trucking services. The company also offers salt for use in animal feeds, industrial applications, pool salts, and treatment of roads and walkways for ice melting or to manage road conditions; magnesium chloride for use in the deicing and dedusting of roads; brines for well development and completion activities in the oil and gas industry; and metal recovery salt, a combination of potash and salt to enhance the recovery of aluminum in the aluminum recycling processing facilities. Intrepid Potash, Inc. was founded in 2000 and is based in Denver, Colorado.Show more

Revenue $255M -8.7%
EBITDA $18M +490.3%
Net Income -$213M -496.7%
EPS (Diluted) -16.53 -490.4%
Gross Margin 11.42% -13.5%
EBITDA Margin 7% +527.6%
Operating Margin -7.8% +50.5%
Net Margin -83.57% -553.8%
ROE -36.73% -620.6%
ROIC -2.65% +44.3%
Debt/Equity 0.01 -1.0%
Interest Coverage -177.30

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.9x book value

✗Weaknesses

✗Thin 5Y average net margin of 0.7%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-4.66%

5Y2.96%

3Y-1.97%

TTM8.88%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-353.61%

EPS CAGR

10Y-

5Y-

3Y-

TTM-351.92%

ROCE

10Y Avg-4.48%

5Y Avg0.98%

3Y Avg1.39%

Latest-3.11%

Peer Comparison

Phosphate & Potash Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IPIIntrepid Potash, Inc.	462.42M	34.44	-2.08	-8.74%	-70.24%	-39.83%	7.26%	0.01

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	287.18M	210.95M	157.61M	208.27M	220.07M	196.95M	270.33M	337.57M	279.08M	254.69M
Revenue Growth %	-0.3%	-0.27%	-0.25%	0.32%	0.06%	-0.11%	0.37%	0.25%	-0.17%	-0.09%
Cost of Goods Sold+	302.66M	240.19M	151.83M	170M	176.6M	186.42M	214.57M	196.16M	242.24M	225.61M
COGS % of Revenue	1.05%	1.14%	0.96%	0.82%	0.8%	0.95%	0.79%	0.58%	0.87%	0.89%
Gross Profit+	-15.48M	-29.25M	5.78M	38.27M	43.48M	10.53M	55.76M	141.41M	36.85M	29.08M
Gross Margin %	-0.05%	-0.14%	0.04%	0.18%	0.2%	0.05%	0.21%	0.42%	0.13%	0.11%
Gross Profit Growth %	-1.37%	-0.89%	1.2%	5.62%	0.14%	-0.76%	4.3%	1.54%	-0.74%	-0.21%
Operating Expenses+	30.52M	22.74M	19.92M	22.78M	27.12M	33.77M	23.49M	45.97M	80.81M	48.94M
OpEx % of Revenue	0.11%	0.11%	0.13%	0.11%	0.12%	0.17%	0.09%	0.14%	0.29%	0.19%
Selling, General & Admin	27.49M	20.03M	19.46M	20.44M	23.56M	25.48M	24M	31.8M	32.42M	32.97M
SG&A % of Revenue	0.1%	0.09%	0.12%	0.1%	0.11%	0.13%	0.09%	0.09%	0.12%	0.13%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	575K	1.12M	397K	142K	3.56M	8.3M	-506K	14.17M	48.39M	15.97M
Operating Income+	-369.79M	-57.78M	-14.4M	15.49M	16.36M	-23.24M	32.27M	95.44M	-43.97M	-19.86M
Operating Margin %	-1.29%	-0.27%	-0.09%	0.07%	0.07%	-0.12%	0.12%	0.28%	-0.16%	-0.08%
Operating Income Growth %	-24.43%	0.84%	0.75%	2.08%	0.06%	-2.42%	2.39%	1.96%	-1.46%	0.55%
EBITDA+	-282.11M	-15.1M	20.36M	49.38M	52.49M	12.87M	68.23M	132.43M	-4.57M	17.83M
EBITDA Margin %	-0.98%	-0.07%	0.13%	0.24%	0.24%	0.07%	0.25%	0.39%	-0.02%	0.07%
EBITDA Growth %	-3.93%	0.95%	2.35%	1.42%	0.06%	-0.75%	4.3%	0.94%	-1.03%	4.9%
D&A (Non-Cash Add-back)	87.68M	42.68M	34.77M	33.88M	36.13M	36.11M	35.96M	36.99M	39.4M	37.69M
EBIT	-368.45M	-56.37M	-18.44M	14.61M	16.71M	-25.23M	41.54M	96.61M	-44.59M	-18.93M
Net Interest Income+	-5.59M	-11.34M	-11.69M	-3.75M	-3.03M	-4.29M	-1.47M	75K	298K	1.6M
Interest Income	763K	286K	0	110K	0	0	0	176K	298K	1.71M
Interest Expense	6.35M	11.62M	11.69M	3.85M	3.03M	4.29M	1.47M	101K	0	112K
Other Income/Expense	-5.01M	-10.21M	-11.29M	-3.6M	-2.68M	-3.9M	8.69M	1.07M	-93K	1.35M
Pretax Income+	-374.8M	-68M	-25.69M	11.89M	13.68M	-27.15M	40.97M	96.51M	-44.06M	-18.51M
Pretax Margin %	-1.31%	-0.32%	-0.16%	0.06%	0.06%	-0.14%	0.15%	0.29%	-0.16%	-0.07%
Income Tax+	149.97M	-1.36M	-2.78M	108K	53K	5K	-208.87M	24.29M	-8.39M	194.33M
Effective Tax Rate %	1.4%	0.98%	0.89%	0.99%	1%	1%	6.1%	0.75%	0.81%	11.5%
Net Income+	-524.78M	-66.63M	-22.91M	11.78M	13.63M	-27.15M	249.83M	72.22M	-35.67M	-212.84M
Net Margin %	-1.83%	-0.32%	-0.15%	0.06%	0.06%	-0.14%	0.92%	0.21%	-0.13%	-0.84%
Net Income Growth %	-54.76%	0.87%	0.66%	1.51%	0.16%	-2.99%	10.2%	-0.71%	-1.49%	-4.97%
Net Income (Continuing)	-524.78M	-66.63M	-22.57M	11.78M	13.63M	-27.15M	249.83M	72.22M	-35.67M	-212.84M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-69.35	-8.79	-1.98	0.90	1.04	-2.09	18.66	5.37	-2.80	-16.53
EPS Growth %	-54.35%	0.87%	0.77%	1.45%	0.16%	-3.01%	9.93%	-0.71%	-1.52%	-4.9%
EPS (Basic)	-69.35	-8.82	-2.03	0.92	1.06	-2.09	19.07	5.49	-2.80	-16.53
Diluted Shares Outstanding	7.57M	7.58M	11.57M	13.1M	13.11M	12.99M	13.39M	13.45M	12.76M	12.88M
Basic Shares Outstanding	7.57M	7.55M	11.28M	12.81M	12.9M	12.99M	13.1M	13.15M	12.76M	12.88M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	195.8M	123.74M	111.95M	145.36M	145.34M	135.79M	156.85M	171.68M	152.04M	183.76M
Cash & Short-Term Investments	59.83M	4.46M	1.07M	33.22M	20.6M	19.52M	36.45M	24.47M	7.04M	42.3M
Cash Only	9.31M	4.46M	1.07M	33.22M	20.6M	19.52M	36.45M	18.51M	4.07M	41.31M
Short-Term Investments	50.52M	0	0	0	0	0	0	5.96M	2.97M	989K
Accounts Receivable	24.94M	20.03M	17.78M	25.76M	25M	24.37M	36.4M	27.53M	23.55M	23.23M
Days Sales Outstanding	31.7	34.65	41.17	45.14	41.46	45.17	49.14	29.76	30.8	33.29
Inventory	106.53M	94.36M	83.13M	82.05M	94.22M	88.67M	78.86M	114.82M	114.25M	112.97M
Days Inventory Outstanding	128.47	143.38	199.84	176.16	194.74	173.61	134.14	213.64	172.15	182.76
Other Current Assets	140K	833K	9.51M	4.33M	5.52M	3.23M	5.14M	4.86M	7.2M	5.27M
Total Non-Current Assets+	444.69M	417.16M	399.11M	379.87M	433.1M	414.4M	610.04M	622.52M	616.53M	410.76M
Property, Plant & Equipment	419.48M	388.49M	364.54M	346.21M	378.51M	355.5M	341.12M	375.63M	358.25M	344.34M
Fixed Asset Turnover	0.68x	0.54x	0.43x	0.60x	0.58x	0.55x	0.79x	0.90x	0.78x	0.74x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	2.31M	19.18M	25.07M	24.74M	24.42M	19.18M	19.18M
Long-Term Investments	3.8M	3.5M	481K	482K	0	0	4.58M	9.84M	6.63M	3.57M
Other Non-Current Assets	21.41M	25.17M	34.09M	33.66M	35.4M	33.84M	30.53M	26.88M	38.25M	43.66M
Total Assets+	640.48M	540.9M	511.05M	525.23M	578.44M	550.19M	766.89M	794.2M	768.57M	594.52M
Asset Turnover	0.45x	0.39x	0.31x	0.40x	0.38x	0.36x	0.35x	0.43x	0.36x	0.43x
Asset Growth %	-0.45%	-0.16%	-0.06%	0.03%	0.1%	-0.05%	0.39%	0.04%	-0.03%	-0.23%
Total Current Liabilities+	39.14M	24.12M	37.49M	34.78M	87.44M	67.22M	73.42M	48.88M	46.56M	38M
Accounts Payable	15.75M	10.24M	11.13M	9.13M	9.99M	7.28M	9.07M	18.64M	12.85M	8.62M
Days Payables Outstanding	19	15.56	26.76	19.61	20.65	14.25	15.43	34.69	19.36	13.94
Short-Term Debt	0	0	13.9M	0	20M	10M	0	0	0	0
Deferred Revenue (Current)	1000K	0	513K	1000K	0	0	0	0	0	1000K
Other Current Liabilities	14.42M	8.12M	8.14M	11.89M	41.48M	37.24M	41.38M	14.01M	19.66M	5.33M
Current Ratio	5.00x	5.13x	2.99x	4.18x	1.66x	2.02x	2.14x	3.51x	3.27x	4.84x
Quick Ratio	2.28x	1.22x	0.77x	1.82x	0.58x	0.70x	1.06x	1.16x	0.81x	1.86x
Cash Conversion Cycle	141.17	162.47	214.25	201.69	215.54	204.53	167.86	208.71	183.59	202.11
Total Non-Current Liabilities+	174.82M	153.41M	71.02M	73.19M	56.34M	71.71M	30.07M	30.25M	37.58M	82.13M
Long-Term Debt	149.49M	133.43M	49.44M	49.64M	29.75M	44.74M	0	0	4M	0
Capital Lease Obligations	0	0	0	0	4.03M	2.14M	1.88M	2.21M	2.19M	2.62M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	24.82M	19.98M	21.58M	23.55M	22.56M	24.83M	28.19M	28.04M	31.39M	34.02M
Total Liabilities	213.96M	177.53M	108.5M	107.97M	143.78M	138.93M	103.49M	79.13M	84.14M	120.13M
Total Debt+	150M	133.43M	63.34M	49.64M	55.97M	56.88M	1.88M	2.21M	6.19M	4.25M
Net Debt	140.69M	128.97M	62.27M	16.42M	35.36M	37.36M	-34.57M	-16.31M	2.12M	-37.06M
Debt / Equity	0.35x	0.37x	0.16x	0.12x	0.13x	0.14x	0.00x	0.00x	0.01x	0.01x
Debt / EBITDA	-	-	3.11x	1.01x	1.07x	4.42x	0.03x	0.02x	-	0.24x
Net Debt / EBITDA	-	-	3.06x	0.33x	0.67x	2.90x	-0.51x	-0.12x	-	-2.08x
Interest Coverage	-58.23x	-4.97x	-1.23x	4.02x	5.40x	-5.42x	21.98x	944.95x	-	-177.30x
Total Equity+	426.53M	363.37M	402.55M	417.26M	434.66M	411.26M	663.4M	715.08M	684.43M	474.39M
Equity Growth %	-0.55%	-0.15%	0.11%	0.04%	0.04%	-0.05%	0.61%	0.08%	-0.04%	-0.31%
Book Value per Share	56.37	47.93	34.79	31.86	33.17	31.65	49.54	53.16	53.63	36.83
Total Shareholders' Equity	426.53M	363.37M	402.55M	417.26M	434.66M	411.26M	663.4M	715.08M	684.43M	474.39M
Common Stock	76K	76K	128K	129K	13K	13K	13K	13K	13K	14K
Retained Earnings	-153.72M	-220.36M	-243.39M	-232.07M	-218.44M	-245.59M	4.24M	76.46M	40.79M	-172.06M
Treasury Stock	0	0	0	0	0	0	0	-22.01M	-22.01M	-22.01M
Accumulated OCI	-52K	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	22.69M	-18.27M	17.21M	64.24M	49.38M	31.14M	79.07M	88.82M	43.23M	72.5M
Operating CF Margin %	0.08%	-0.09%	0.11%	0.31%	0.22%	0.16%	0.29%	0.26%	0.15%	0.28%
Operating CF Growth %	-0.82%	-1.81%	1.94%	2.73%	-0.23%	-0.37%	1.54%	0.12%	-0.51%	0.68%
Net Income	-524.78M	-66.63M	-22.91M	11.78M	13.63M	-27.15M	249.83M	72.22M	-35.67M	-212.84M
Depreciation & Amortization	443.92M	2.11M	1.78M	732K	34.34M	36.11M	31.98M	31.86M	36.21M	40.48M
Stock-Based Compensation	5.08M	3.6M	3.62M	4.18M	4.28M	3.82M	3.01M	6.15M	6.53M	3.58M
Deferred Taxes	150.1M	61.55M	44.08M	33.22M	0	0	0	0	0	0
Other Non-Cash Items	1.85M	2.59M	4.79M	2.38M	4.29M	2.38M	-4.4M	13.93M	57.77M	19.14M
Working Capital Changes	-53.48M	-21.5M	-14.14M	11.94M	-7.16M	15.99M	-201.36M	-35.34M	-21.62M	222.13M
Change in Receivables	18.82M	-600K	-5.6M	-7.48M	687K	549K	-12.03M	8.81M	3.85M	134K
Change in Inventory	-55.19M	-12.24M	-6.74M	-67K	-11.53M	-291K	7.36M	-33.28M	-11.86M	-10.83M
Change in Payables	-5.55M	-12.39M	-3.81M	1.74M	2.28M	2.33M	13.46M	-3.6M	1.28M	-3.52M
Cash from Investing+	-79.58M	32.51M	-7.85M	-16.78M	-80.64M	-15.16M	-14.82M	-79.18M	-59.55M	-29.53M
Capital Expenditures	-46.02M	-17.89M	-13.51M	-16.89M	-63.84M	-16.44M	-19.79M	-68.7M	-65.06M	-38.71M
CapEx % of Revenue	0.16%	0.08%	0.09%	0.08%	0.29%	0.08%	0.07%	0.2%	0.23%	0.15%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-33.56M	50.4M	5.65M	110K	-16.8M	4.79M	6.04M	58K	921K	1.34M
Cash from Financing+	-1.4M	-19.08M	-15.76M	-15.3M	18.8M	-17.04M	-47.28M	-27.7M	1.89M	-5.72M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.4M	-4.08M	-789K	-96K	-1.02M	-1.97M	-1.21M	-5.69M	-1.51M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-23.33M	-36.16M	3.71M	47.35M	-31.33M	14.7M	59.28M	20.13M	-21.83M	33.59M
FCF Margin %	-0.08%	-0.17%	0.02%	0.23%	-0.14%	0.07%	0.22%	0.06%	-0.08%	0.13%
FCF Growth %	-1.35%	-0.55%	1.1%	11.76%	-1.66%	1.47%	3.03%	-0.66%	-2.08%	2.54%
FCF per Share	-3.08	-4.77	0.32	3.61	-2.39	1.13	4.43	1.50	-1.71	2.61
FCF Conversion (FCF/Net Income)	-0.04x	0.27x	-0.75x	5.45x	3.62x	-1.15x	0.32x	1.23x	-1.21x	-0.34x
Interest Paid	6.08M	8.97M	11.64M	0	2.73M	2.47M	875K	113K	411K	503K
Taxes Paid	13K	100K	1.5M	0	942K	97K	193K	1.01M	179K	9K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-76.4%	-16.87%	-5.98%	2.87%	3.2%	-6.42%	46.5%	10.48%	-5.1%	-36.73%
Return on Invested Capital (ROIC)	-34.73%	-8.18%	-2.26%	2.59%	2.72%	-3.8%	4.49%	10.78%	-4.76%	-2.65%
Gross Margin	-5.39%	-13.86%	3.67%	18.38%	19.76%	5.35%	20.63%	41.89%	13.2%	11.42%
Net Margin	-182.73%	-31.59%	-14.54%	5.66%	6.19%	-13.79%	92.42%	21.39%	-12.78%	-83.57%
Debt / Equity	0.35x	0.37x	0.16x	0.12x	0.13x	0.14x	0.00x	0.00x	0.01x	0.01x
Interest Coverage	-58.23x	-4.97x	-1.23x	4.02x	5.40x	-5.42x	21.98x	944.95x	-	-177.30x
FCF Conversion	-0.04x	0.27x	-0.75x	5.45x	3.62x	-1.15x	0.32x	1.23x	-1.21x	-0.34x
Revenue Growth	-30.02%	-26.55%	-25.29%	32.15%	5.67%	-10.51%	37.26%	24.87%	-17.33%	-8.74%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Mineral	-	-	208.27M	-	-	-	-	-	254.69M
Mineral Growth	-	-	-	-	-	-	-	-	-
Potash	159.49M	95.54M	107.47M	1.82M	1.25M	2.05M	1.64M	155.92M	99.95M
Potash Growth	-	-40.10%	12.49%	-98.30%	-31.27%	63.61%	-20.15%	9424.74%	-35.90%
Water Product	-	-	19.8M	-	-	-	-	-	13.6M
Water Product Growth	-	-	-	-	-	-	-	-	-
Salt	-	-	6.88M	-	-	-	-	-	13.03M
Salt Growth	-	-	-	-	-	-	-	-	-
Brines	-	-	1.78M	-	-	-	-	-	11.14M
Brines Growth	-	-	-	-	-	-	-	-	-
Product and Service, Other	-	-	1.41M	-	-	-	-	-	6.88M
Product and Service, Other Growth	-	-	-	-	-	-	-	-	-
Magnesium Chloride	-	-	6.8M	-	-	-	-	-	5.32M
Magnesium Chloride Growth	-	-	-	-	-	-	-	-	-
Trio	51.45M	62.07M	64.14M	4.5M	4.44M	4.36M	3.3M	102.18M	-
Trio Growth	-	20.63%	3.34%	-92.99%	-1.13%	-2.00%	-24.18%	2994.55%	-
Oil Field Services	-	-	-	19.34M	14.7M	15.59M	17.51M	21.31M	-
Oil Field Services Growth	-	-	-	-	-23.98%	6.07%	12.29%	21.70%	-

Frequently Asked Questions

Growth & Financials

Intrepid Potash, Inc. (IPI) reported $278.3M in revenue for fiscal year 2024. This represents a 37% decrease from $443.0M in 2011.

Intrepid Potash, Inc. (IPI) saw revenue decline by 8.7% over the past year.

Intrepid Potash, Inc. (IPI) reported a net loss of $195.4M for fiscal year 2024.

Dividend & Returns

Intrepid Potash, Inc. (IPI) has a return on equity (ROE) of -36.7%. Negative ROE indicates the company is unprofitable.

Intrepid Potash, Inc. (IPI) generated $28.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Intrepid Potash, Inc. (IPI) 10-Year Financial Performance & Capital Metrics

IPI • • Industrial / General

Basic MaterialsAgricultural InputsFertilizer ProductionPhosphate & Potash Producers

Revenue $255M -8.7%
EBITDA $18M +490.3%
Net Income -$213M -496.7%
EPS (Diluted) -16.53 -490.4%
Gross Margin 11.42% -13.5%
EBITDA Margin 7% +527.6%
Operating Margin -7.8% +50.5%
Net Margin -83.57% -553.8%
ROE -36.73% -620.6%
ROIC -2.65% +44.3%
Debt/Equity 0.01 -1.0%
Interest Coverage -177.30

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.9x book value

✗Weaknesses

✗Thin 5Y average net margin of 0.7%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-4.66%

5Y2.96%

3Y-1.97%

TTM8.88%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-353.61%

EPS CAGR

10Y-

5Y-

3Y-

TTM-351.92%

ROCE

10Y Avg-4.48%

5Y Avg0.98%

3Y Avg1.39%

Latest-3.11%

Peer Comparison

Phosphate & Potash Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IPIIntrepid Potash, Inc.	462.42M	34.44	-2.08	-8.74%	-70.24%	-39.83%	7.26%	0.01

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	287.18M	210.95M	157.61M	208.27M	220.07M	196.95M	270.33M	337.57M	279.08M	254.69M
Revenue Growth %	-0.3%	-0.27%	-0.25%	0.32%	0.06%	-0.11%	0.37%	0.25%	-0.17%	-0.09%
Cost of Goods Sold+	302.66M	240.19M	151.83M	170M	176.6M	186.42M	214.57M	196.16M	242.24M	225.61M
COGS % of Revenue	1.05%	1.14%	0.96%	0.82%	0.8%	0.95%	0.79%	0.58%	0.87%	0.89%
Gross Profit+	-15.48M	-29.25M	5.78M	38.27M	43.48M	10.53M	55.76M	141.41M	36.85M	29.08M
Gross Margin %	-0.05%	-0.14%	0.04%	0.18%	0.2%	0.05%	0.21%	0.42%	0.13%	0.11%
Gross Profit Growth %	-1.37%	-0.89%	1.2%	5.62%	0.14%	-0.76%	4.3%	1.54%	-0.74%	-0.21%
Operating Expenses+	30.52M	22.74M	19.92M	22.78M	27.12M	33.77M	23.49M	45.97M	80.81M	48.94M
OpEx % of Revenue	0.11%	0.11%	0.13%	0.11%	0.12%	0.17%	0.09%	0.14%	0.29%	0.19%
Selling, General & Admin	27.49M	20.03M	19.46M	20.44M	23.56M	25.48M	24M	31.8M	32.42M	32.97M
SG&A % of Revenue	0.1%	0.09%	0.12%	0.1%	0.11%	0.13%	0.09%	0.09%	0.12%	0.13%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	575K	1.12M	397K	142K	3.56M	8.3M	-506K	14.17M	48.39M	15.97M
Operating Income+	-369.79M	-57.78M	-14.4M	15.49M	16.36M	-23.24M	32.27M	95.44M	-43.97M	-19.86M
Operating Margin %	-1.29%	-0.27%	-0.09%	0.07%	0.07%	-0.12%	0.12%	0.28%	-0.16%	-0.08%
Operating Income Growth %	-24.43%	0.84%	0.75%	2.08%	0.06%	-2.42%	2.39%	1.96%	-1.46%	0.55%
EBITDA+	-282.11M	-15.1M	20.36M	49.38M	52.49M	12.87M	68.23M	132.43M	-4.57M	17.83M
EBITDA Margin %	-0.98%	-0.07%	0.13%	0.24%	0.24%	0.07%	0.25%	0.39%	-0.02%	0.07%
EBITDA Growth %	-3.93%	0.95%	2.35%	1.42%	0.06%	-0.75%	4.3%	0.94%	-1.03%	4.9%
D&A (Non-Cash Add-back)	87.68M	42.68M	34.77M	33.88M	36.13M	36.11M	35.96M	36.99M	39.4M	37.69M
EBIT	-368.45M	-56.37M	-18.44M	14.61M	16.71M	-25.23M	41.54M	96.61M	-44.59M	-18.93M
Net Interest Income+	-5.59M	-11.34M	-11.69M	-3.75M	-3.03M	-4.29M	-1.47M	75K	298K	1.6M
Interest Income	763K	286K	0	110K	0	0	0	176K	298K	1.71M
Interest Expense	6.35M	11.62M	11.69M	3.85M	3.03M	4.29M	1.47M	101K	0	112K
Other Income/Expense	-5.01M	-10.21M	-11.29M	-3.6M	-2.68M	-3.9M	8.69M	1.07M	-93K	1.35M
Pretax Income+	-374.8M	-68M	-25.69M	11.89M	13.68M	-27.15M	40.97M	96.51M	-44.06M	-18.51M
Pretax Margin %	-1.31%	-0.32%	-0.16%	0.06%	0.06%	-0.14%	0.15%	0.29%	-0.16%	-0.07%
Income Tax+	149.97M	-1.36M	-2.78M	108K	53K	5K	-208.87M	24.29M	-8.39M	194.33M
Effective Tax Rate %	1.4%	0.98%	0.89%	0.99%	1%	1%	6.1%	0.75%	0.81%	11.5%
Net Income+	-524.78M	-66.63M	-22.91M	11.78M	13.63M	-27.15M	249.83M	72.22M	-35.67M	-212.84M
Net Margin %	-1.83%	-0.32%	-0.15%	0.06%	0.06%	-0.14%	0.92%	0.21%	-0.13%	-0.84%
Net Income Growth %	-54.76%	0.87%	0.66%	1.51%	0.16%	-2.99%	10.2%	-0.71%	-1.49%	-4.97%
Net Income (Continuing)	-524.78M	-66.63M	-22.57M	11.78M	13.63M	-27.15M	249.83M	72.22M	-35.67M	-212.84M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-69.35	-8.79	-1.98	0.90	1.04	-2.09	18.66	5.37	-2.80	-16.53
EPS Growth %	-54.35%	0.87%	0.77%	1.45%	0.16%	-3.01%	9.93%	-0.71%	-1.52%	-4.9%
EPS (Basic)	-69.35	-8.82	-2.03	0.92	1.06	-2.09	19.07	5.49	-2.80	-16.53
Diluted Shares Outstanding	7.57M	7.58M	11.57M	13.1M	13.11M	12.99M	13.39M	13.45M	12.76M	12.88M
Basic Shares Outstanding	7.57M	7.55M	11.28M	12.81M	12.9M	12.99M	13.1M	13.15M	12.76M	12.88M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	195.8M	123.74M	111.95M	145.36M	145.34M	135.79M	156.85M	171.68M	152.04M	183.76M
Cash & Short-Term Investments	59.83M	4.46M	1.07M	33.22M	20.6M	19.52M	36.45M	24.47M	7.04M	42.3M
Cash Only	9.31M	4.46M	1.07M	33.22M	20.6M	19.52M	36.45M	18.51M	4.07M	41.31M
Short-Term Investments	50.52M	0	0	0	0	0	0	5.96M	2.97M	989K
Accounts Receivable	24.94M	20.03M	17.78M	25.76M	25M	24.37M	36.4M	27.53M	23.55M	23.23M
Days Sales Outstanding	31.7	34.65	41.17	45.14	41.46	45.17	49.14	29.76	30.8	33.29
Inventory	106.53M	94.36M	83.13M	82.05M	94.22M	88.67M	78.86M	114.82M	114.25M	112.97M
Days Inventory Outstanding	128.47	143.38	199.84	176.16	194.74	173.61	134.14	213.64	172.15	182.76
Other Current Assets	140K	833K	9.51M	4.33M	5.52M	3.23M	5.14M	4.86M	7.2M	5.27M
Total Non-Current Assets+	444.69M	417.16M	399.11M	379.87M	433.1M	414.4M	610.04M	622.52M	616.53M	410.76M
Property, Plant & Equipment	419.48M	388.49M	364.54M	346.21M	378.51M	355.5M	341.12M	375.63M	358.25M	344.34M
Fixed Asset Turnover	0.68x	0.54x	0.43x	0.60x	0.58x	0.55x	0.79x	0.90x	0.78x	0.74x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	2.31M	19.18M	25.07M	24.74M	24.42M	19.18M	19.18M
Long-Term Investments	3.8M	3.5M	481K	482K	0	0	4.58M	9.84M	6.63M	3.57M
Other Non-Current Assets	21.41M	25.17M	34.09M	33.66M	35.4M	33.84M	30.53M	26.88M	38.25M	43.66M
Total Assets+	640.48M	540.9M	511.05M	525.23M	578.44M	550.19M	766.89M	794.2M	768.57M	594.52M
Asset Turnover	0.45x	0.39x	0.31x	0.40x	0.38x	0.36x	0.35x	0.43x	0.36x	0.43x
Asset Growth %	-0.45%	-0.16%	-0.06%	0.03%	0.1%	-0.05%	0.39%	0.04%	-0.03%	-0.23%
Total Current Liabilities+	39.14M	24.12M	37.49M	34.78M	87.44M	67.22M	73.42M	48.88M	46.56M	38M
Accounts Payable	15.75M	10.24M	11.13M	9.13M	9.99M	7.28M	9.07M	18.64M	12.85M	8.62M
Days Payables Outstanding	19	15.56	26.76	19.61	20.65	14.25	15.43	34.69	19.36	13.94
Short-Term Debt	0	0	13.9M	0	20M	10M	0	0	0	0
Deferred Revenue (Current)	1000K	0	513K	1000K	0	0	0	0	0	1000K
Other Current Liabilities	14.42M	8.12M	8.14M	11.89M	41.48M	37.24M	41.38M	14.01M	19.66M	5.33M
Current Ratio	5.00x	5.13x	2.99x	4.18x	1.66x	2.02x	2.14x	3.51x	3.27x	4.84x
Quick Ratio	2.28x	1.22x	0.77x	1.82x	0.58x	0.70x	1.06x	1.16x	0.81x	1.86x
Cash Conversion Cycle	141.17	162.47	214.25	201.69	215.54	204.53	167.86	208.71	183.59	202.11
Total Non-Current Liabilities+	174.82M	153.41M	71.02M	73.19M	56.34M	71.71M	30.07M	30.25M	37.58M	82.13M
Long-Term Debt	149.49M	133.43M	49.44M	49.64M	29.75M	44.74M	0	0	4M	0
Capital Lease Obligations	0	0	0	0	4.03M	2.14M	1.88M	2.21M	2.19M	2.62M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	24.82M	19.98M	21.58M	23.55M	22.56M	24.83M	28.19M	28.04M	31.39M	34.02M
Total Liabilities	213.96M	177.53M	108.5M	107.97M	143.78M	138.93M	103.49M	79.13M	84.14M	120.13M
Total Debt+	150M	133.43M	63.34M	49.64M	55.97M	56.88M	1.88M	2.21M	6.19M	4.25M
Net Debt	140.69M	128.97M	62.27M	16.42M	35.36M	37.36M	-34.57M	-16.31M	2.12M	-37.06M
Debt / Equity	0.35x	0.37x	0.16x	0.12x	0.13x	0.14x	0.00x	0.00x	0.01x	0.01x
Debt / EBITDA	-	-	3.11x	1.01x	1.07x	4.42x	0.03x	0.02x	-	0.24x
Net Debt / EBITDA	-	-	3.06x	0.33x	0.67x	2.90x	-0.51x	-0.12x	-	-2.08x
Interest Coverage	-58.23x	-4.97x	-1.23x	4.02x	5.40x	-5.42x	21.98x	944.95x	-	-177.30x
Total Equity+	426.53M	363.37M	402.55M	417.26M	434.66M	411.26M	663.4M	715.08M	684.43M	474.39M
Equity Growth %	-0.55%	-0.15%	0.11%	0.04%	0.04%	-0.05%	0.61%	0.08%	-0.04%	-0.31%
Book Value per Share	56.37	47.93	34.79	31.86	33.17	31.65	49.54	53.16	53.63	36.83
Total Shareholders' Equity	426.53M	363.37M	402.55M	417.26M	434.66M	411.26M	663.4M	715.08M	684.43M	474.39M
Common Stock	76K	76K	128K	129K	13K	13K	13K	13K	13K	14K
Retained Earnings	-153.72M	-220.36M	-243.39M	-232.07M	-218.44M	-245.59M	4.24M	76.46M	40.79M	-172.06M
Treasury Stock	0	0	0	0	0	0	0	-22.01M	-22.01M	-22.01M
Accumulated OCI	-52K	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	22.69M	-18.27M	17.21M	64.24M	49.38M	31.14M	79.07M	88.82M	43.23M	72.5M
Operating CF Margin %	0.08%	-0.09%	0.11%	0.31%	0.22%	0.16%	0.29%	0.26%	0.15%	0.28%
Operating CF Growth %	-0.82%	-1.81%	1.94%	2.73%	-0.23%	-0.37%	1.54%	0.12%	-0.51%	0.68%
Net Income	-524.78M	-66.63M	-22.91M	11.78M	13.63M	-27.15M	249.83M	72.22M	-35.67M	-212.84M
Depreciation & Amortization	443.92M	2.11M	1.78M	732K	34.34M	36.11M	31.98M	31.86M	36.21M	40.48M
Stock-Based Compensation	5.08M	3.6M	3.62M	4.18M	4.28M	3.82M	3.01M	6.15M	6.53M	3.58M
Deferred Taxes	150.1M	61.55M	44.08M	33.22M	0	0	0	0	0	0
Other Non-Cash Items	1.85M	2.59M	4.79M	2.38M	4.29M	2.38M	-4.4M	13.93M	57.77M	19.14M
Working Capital Changes	-53.48M	-21.5M	-14.14M	11.94M	-7.16M	15.99M	-201.36M	-35.34M	-21.62M	222.13M
Change in Receivables	18.82M	-600K	-5.6M	-7.48M	687K	549K	-12.03M	8.81M	3.85M	134K
Change in Inventory	-55.19M	-12.24M	-6.74M	-67K	-11.53M	-291K	7.36M	-33.28M	-11.86M	-10.83M
Change in Payables	-5.55M	-12.39M	-3.81M	1.74M	2.28M	2.33M	13.46M	-3.6M	1.28M	-3.52M
Cash from Investing+	-79.58M	32.51M	-7.85M	-16.78M	-80.64M	-15.16M	-14.82M	-79.18M	-59.55M	-29.53M
Capital Expenditures	-46.02M	-17.89M	-13.51M	-16.89M	-63.84M	-16.44M	-19.79M	-68.7M	-65.06M	-38.71M
CapEx % of Revenue	0.16%	0.08%	0.09%	0.08%	0.29%	0.08%	0.07%	0.2%	0.23%	0.15%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-33.56M	50.4M	5.65M	110K	-16.8M	4.79M	6.04M	58K	921K	1.34M
Cash from Financing+	-1.4M	-19.08M	-15.76M	-15.3M	18.8M	-17.04M	-47.28M	-27.7M	1.89M	-5.72M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.4M	-4.08M	-789K	-96K	-1.02M	-1.97M	-1.21M	-5.69M	-1.51M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-23.33M	-36.16M	3.71M	47.35M	-31.33M	14.7M	59.28M	20.13M	-21.83M	33.59M
FCF Margin %	-0.08%	-0.17%	0.02%	0.23%	-0.14%	0.07%	0.22%	0.06%	-0.08%	0.13%
FCF Growth %	-1.35%	-0.55%	1.1%	11.76%	-1.66%	1.47%	3.03%	-0.66%	-2.08%	2.54%
FCF per Share	-3.08	-4.77	0.32	3.61	-2.39	1.13	4.43	1.50	-1.71	2.61
FCF Conversion (FCF/Net Income)	-0.04x	0.27x	-0.75x	5.45x	3.62x	-1.15x	0.32x	1.23x	-1.21x	-0.34x
Interest Paid	6.08M	8.97M	11.64M	0	2.73M	2.47M	875K	113K	411K	503K
Taxes Paid	13K	100K	1.5M	0	942K	97K	193K	1.01M	179K	9K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-76.4%	-16.87%	-5.98%	2.87%	3.2%	-6.42%	46.5%	10.48%	-5.1%	-36.73%
Return on Invested Capital (ROIC)	-34.73%	-8.18%	-2.26%	2.59%	2.72%	-3.8%	4.49%	10.78%	-4.76%	-2.65%
Gross Margin	-5.39%	-13.86%	3.67%	18.38%	19.76%	5.35%	20.63%	41.89%	13.2%	11.42%
Net Margin	-182.73%	-31.59%	-14.54%	5.66%	6.19%	-13.79%	92.42%	21.39%	-12.78%	-83.57%
Debt / Equity	0.35x	0.37x	0.16x	0.12x	0.13x	0.14x	0.00x	0.00x	0.01x	0.01x
Interest Coverage	-58.23x	-4.97x	-1.23x	4.02x	5.40x	-5.42x	21.98x	944.95x	-	-177.30x
FCF Conversion	-0.04x	0.27x	-0.75x	5.45x	3.62x	-1.15x	0.32x	1.23x	-1.21x	-0.34x
Revenue Growth	-30.02%	-26.55%	-25.29%	32.15%	5.67%	-10.51%	37.26%	24.87%	-17.33%	-8.74%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Mineral	-	-	208.27M	-	-	-	-	-	254.69M
Mineral Growth	-	-	-	-	-	-	-	-	-
Potash	159.49M	95.54M	107.47M	1.82M	1.25M	2.05M	1.64M	155.92M	99.95M
Potash Growth	-	-40.10%	12.49%	-98.30%	-31.27%	63.61%	-20.15%	9424.74%	-35.90%
Water Product	-	-	19.8M	-	-	-	-	-	13.6M
Water Product Growth	-	-	-	-	-	-	-	-	-
Salt	-	-	6.88M	-	-	-	-	-	13.03M
Salt Growth	-	-	-	-	-	-	-	-	-
Brines	-	-	1.78M	-	-	-	-	-	11.14M
Brines Growth	-	-	-	-	-	-	-	-	-
Product and Service, Other	-	-	1.41M	-	-	-	-	-	6.88M
Product and Service, Other Growth	-	-	-	-	-	-	-	-	-
Magnesium Chloride	-	-	6.8M	-	-	-	-	-	5.32M
Magnesium Chloride Growth	-	-	-	-	-	-	-	-	-
Trio	51.45M	62.07M	64.14M	4.5M	4.44M	4.36M	3.3M	102.18M	-
Trio Growth	-	20.63%	3.34%	-92.99%	-1.13%	-2.00%	-24.18%	2994.55%	-
Oil Field Services	-	-	-	19.34M	14.7M	15.59M	17.51M	21.31M	-
Oil Field Services Growth	-	-	-	-	-23.98%	6.07%	12.29%	21.70%	-

Frequently Asked Questions

Growth & Financials

Intrepid Potash, Inc. (IPI) reported $278.3M in revenue for fiscal year 2024. This represents a 37% decrease from $443.0M in 2011.

Intrepid Potash, Inc. (IPI) saw revenue decline by 8.7% over the past year.

Intrepid Potash, Inc. (IPI) reported a net loss of $195.4M for fiscal year 2024.

Dividend & Returns

Intrepid Potash, Inc. (IPI) has a return on equity (ROE) of -36.7%. Negative ROE indicates the company is unprofitable.

Intrepid Potash, Inc. (IPI) generated $28.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.