Intrepid Potash, Inc. (IPI) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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IPI Revenue Growth
Revenue Breakdown (FY 2025)
IPI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
IPI Revenue Analysis (2014–2025)
As of May 8, 2026, Intrepid Potash, Inc. (IPI) generated trailing twelve-month (TTM) revenue of $299.3 million, reflecting modest growth of +0.9% year-over-year. The most recent quarter (Q1 2026) recorded $98.7 million in revenue, up 30.1% sequentially.
Looking at the longer-term picture, IPI's 5-year compound annual growth rate (CAGR) stands at +8.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $410.4 million in 2014.
Revenue diversification analysis shows IPI's business is primarily driven by Potash (74%), Salt (8%), and Brines (7%). With over half of revenue concentrated in Potash, the company maintains significant focus in this area while developing other growth vectors.
When compared to Basic Materials sector peers including MOS (+5.0% YoY), NTR (+3.6% YoY), and CF (+20.9% YoY), IPI has underperformed the peer group in terms of revenue growth. Compare IPI vs MOS →
IPI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| IPICurrent | $299M | +0.9% | +8.7% | 5.2% | |
 MOS | $11.7B | +5.0% | +6.1% | 9.9% | |
 NTR | $27.4B | +3.6% | +5.5% | 14.5% | |
 CF | $7.1B | +20.9% | +11.4% | 33.4% | |
 SMG | $3.4B | -5.9% | -3.7% | 10.5% | |
 AVD | $515M | -1.0% | +2.3% | 1.3% |
IPI Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $298.3M | +17.1% | $52.2M | 17.5% | $15.5M | 5.2% |
| 2024 | $254.7M | -8.7% | $29.1M | 11.4% | $-19,858,000 | -7.8% |
| 2023 | $279.1M | -17.3% | $36.8M | 13.2% | $-43,969,000 | -15.8% |
| 2022 | $337.6M | +24.9% | $141.4M | 41.9% | $95.4M | 28.3% |
| 2021 | $270.3M | +37.3% | $55.8M | 20.6% | $32.3M | 11.9% |
| 2020 | $197.0M | -10.5% | $10.5M | 5.3% | $-23,244,000 | -11.8% |
| 2019 | $220.1M | +5.7% | $43.5M | 19.8% | $16.4M | 7.4% |
| 2018 | $208.3M | +32.1% | $38.3M | 18.4% | $15.5M | 7.4% |
| 2017 | $157.6M | -25.3% | $5.8M | 3.7% | $-14,404,000 | -9.1% |
| 2016 | $210.9M | -26.5% | $-29,247,000 | -13.9% | $-57,781,000 | -27.4% |
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Start ComparisonIPI — Frequently Asked Questions
Quick answers to the most common questions about buying IPI stock.
Is IPI's revenue growth accelerating or slowing?
IPI revenue growth slowed to +0.9%, below the 5-year CAGR of +8.7%. TTM revenue is $299M. The deceleration marks a shift from historical growth rates.
What is IPI's long-term revenue growth rate?
Intrepid Potash, Inc.'s 5-year revenue CAGR of +8.7% reflects the variable expansion pattern. Current YoY growth of +0.9% is near this long-term average.
How is IPI's revenue distributed by segment?
IPI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.