Intrepid Potash, Inc.
Rank #454Op. LeverageIPI · NYSE · Basic Materials
Intrepid Potash, Inc. (IPI) — Rank #454 by gross profitability (GP/assets 0.08) · ROE 2.2% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001421461 · all metrics point-in-time as of the filing date.
About
Intrepid Potash, Inc. delivers potassium, magnesium, sulfur, salt, and water products.
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It operates through three segments: Potash, Trio, and Oilfield Solutions. The company offers muriate of potash for various markets, such as in agricultural market as a fertilizer input, in animal feed market as a nutrient supplement, in industrial market as a component in drilling and fracturing fluids, as well as input to other industrial processes. It also provides Trio, a specialty fertilizer that delivers potassium, sulfate, and magnesium in a single particle; salt for various markets, including animal feed, industrial applications, pool salt, and the treatment of roads and walkways for ice melting or to manage road conditions; magnesium chloride for use as a road treatment agent for deicing and dedusting; brines for use in oil and gas industry to support well workover and completion activities; and metal recovery salts.
The company was founded in 2000 and is based in Denver, Colorado.
- Industry
- Agricultural Inputs
- Sector
- Basic Materials
- State
- DE
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- intrepidpotash.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$518.18M
P/E (annual)
45.3
P/S (annual)
1.7
P/B
1.0
P/OCF (annual)
9.3
Shareholder Yield
-2.3%
Employees
478
Industry
Agricultural Inputs
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 2/5 Terry Smith thresholdsWhat Growth Is Priced In
Implied revenue growth (10Y)
7.6%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 2.3% — per-share value needs a total required return of 9.9% once share-count change is priced in.
vs. own 6-year median revenue growth: 17.1%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
3.3%
r = 10% (base)
7.6%
r = 12%
11.3%
Net debt / market cap: -36.5%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
Operating margin expansion and free cash flow are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.08
Primary signal (Novy-Marx).
6th of 6 SIC 1400 peers
Return on equity
2.2%
Gross margin
18.4%
6th of 6 SIC 1400 peers
Revenue growth (YoY)
17.1%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | |
|---|---|---|---|
| Revenue vs COGS | |||
| Revenue vs OpEx | |||
| Op. Income vs Revenue |
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.26
4th of 6 SIC 1400 peers (best = lowest)
Current ratio
6.33×
2nd of 6 SIC 1400 peers
Quick ratio
4.12×
Net cash
$185.16M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$25.54M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
1.28
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.7%
Stock-based comp intensity.
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.