Intrepid Potash, Inc. (IPI) Key Metrics
IPI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $435.5M
- Enterprise value
- $312.4M
- P/E (TTM)
- 35.6 10-yr median 26.1
- Forward P/E
- 41.2
- PEG ratio
- 0.96
- Price / sales
- 1.8 10-yr median 1.4
- Price / book
- 1.0 10-yr median 0.8
- EV / EBITDA
- 5.5 10-yr median 7.6
- Dividend yield
- —
- Beta
- 1.31
IPI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsIPI valuation Price multiples at each fiscal year-end price.
IPI returns How much profit the business earns on the capital it uses.
IPI per-share figures Results divided by the shares outstanding at year-end.
IPI financial health Debt, liquidity and how easily interest is covered.
IPI efficiency & capital use Working capital cycle and where the cash goes.
IPI valuation history
IPI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IPI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IPI cash returned to shareholders
IPI price vs earnings per share
IPI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $365.3M | $282.3M | $304.9M | $388.4M | $572.2M | $313.8M | $355.1M | $340.6M | $550.8M | $157.7M |
| Enterprise value | $287.1M | $244.3M | $300.0M | $366.1M | $537.6M | $351.2M | $390.5M | $357.0M | $613.0M | $286.7M |
| P/E ratio | 32.7 | — | — | 5.4 | 2.3 | — | 26.1 | 28.9 | — | — |
| Price / sales | 1.2 | 1.1 | 1.1 | 1.2 | 2.1 | 1.6 | 1.6 | 1.6 | 3.5 | 0.7 |
| Price / book | 0.7 | 0.6 | 0.4 | 0.5 | 0.9 | 0.8 | 0.8 | 0.8 | 1.4 | 0.4 |
| Price / free cash flow | 14.3 | 8.4 | — | 19.3 | 9.7 | 21.3 | — | 7.2 | 148.5 | — |
| Price / operating cash flow | 6.5 | 3.9 | 7.1 | 4.4 | 7.2 | 10.1 | 7.2 | 5.3 | 32.0 | — |
| EV / sales | 1.0 | 1.0 | 1.1 | 1.1 | 2.0 | 1.8 | 1.8 | 1.7 | 3.9 | 1.4 |
| EV / EBITDA | 5.5 | 13.3 | — | 2.7 | 6.8 | 32.3 | 7.6 | 7.6 | 41.5 | — |
| EV / free cash flow | 11.2 | 7.3 | — | 18.2 | 9.1 | 23.9 | — | 7.5 | 165.2 | — |
| Earnings yield | 3.1% | −75.4% | −11.7% | 18.6% | 43.7% | −8.7% | 3.8% | 3.5% | −4.2% | −42.3% |
| Free cash flow yield | 7.0% | 11.9% | −7.2% | 5.2% | 10.4% | 4.7% | −8.8% | 13.9% | 0.7% | −22.9% |
| Dividend yield | — | — | — | — | 0.1% | 0.0% | 0.1% | — | 17.6% | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.3% | 7.2% | 5.7% | 0.3% | 0.1% | 0.3% | 0.3% | 17.8% | 0.1% |
| Share price at fiscal year-end | $27.73 | $21.92 | $23.89 | $28.87 | $42.73 | $24.15 | $27.10 | $26.00 | $47.60 | $20.80 |
| Per share | ||||||||||
| Revenue per share | $22.65 | $19.77 | $21.87 | $25.09 | $20.19 | $15.16 | $16.79 | $15.90 | $13.62 | $27.82 |
| Earnings per share | $0.85 | −$16.53 | −$2.80 | $5.37 | $18.66 | −$2.09 | $1.04 | $0.90 | −$1.98 | −$8.79 |
| Operating cash flow per share | $4.23 | $5.63 | $3.39 | $6.60 | $5.90 | $2.40 | $3.77 | $4.90 | $1.49 | −$2.41 |
| Free cash flow per share | $1.94 | $2.61 | −$1.71 | $1.50 | $4.43 | $1.13 | −$2.39 | $3.61 | $0.32 | −$4.77 |
| Cash per share | $6.34 | $3.28 | $0.55 | $1.82 | $2.72 | $1.50 | $1.57 | $2.54 | $0.09 | $0.59 |
| Book value per share | $37.30 | $36.83 | $53.63 | $53.16 | $49.54 | $31.65 | $33.17 | $31.86 | $34.79 | $47.93 |
| Tangible book value per share | $35.85 | $35.34 | $51.75 | $51.34 | $47.69 | $29.72 | $31.70 | $31.68 | $34.79 | $47.93 |
| Dividends per share | — | — | — | — | $0.05 | $0.00 | $0.04 | — | $8.39 | $0.00 |
| Capex per share | $2.30 | $3.02 | $5.10 | $5.11 | $1.48 | $1.27 | $6.16 | $1.29 | $1.17 | $2.36 |
| Debt per share | $0.40 | $0.33 | $0.17 | $0.16 | $0.14 | $4.38 | $4.27 | $3.79 | $5.47 | $17.60 |
| Shares outstanding | 13.2M | 12.9M | 12.8M | 13.5M | 13.4M | 13.0M | 13.1M | 13.1M | 11.6M | 7.6M |
| Change in shares outstanding | +2.3% | +0.9% | −5.1% | +0.5% | +3.1% | −0.9% | +0.0% | +13.2% | +52.6% | +0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 2.3% | −36.7% | −5.1% | 10.5% | 46.5% | −6.4% | 3.2% | 2.9% | −6.0% | −16.9% |
| Return on invested capital (ROIC) | 3.5% | −2.8% | −5.1% | 10.8% | 6.0% | −4.0% | 3.6% | 3.4% | −2.4% | −8.9% |
| Return on assets (ROA) | 1.8% | −31.2% | −4.6% | 9.3% | 37.9% | −4.8% | 2.5% | 2.3% | −4.4% | −11.3% |
| Return on tangible assets | 1.8% | −37.0% | −4.8% | 9.4% | 33.7% | −5.2% | 2.4% | 2.3% | −4.5% | −12.3% |
| Free cash flow margin | 8.6% | 13.2% | −7.8% | 6.0% | 21.9% | 7.5% | −14.2% | 22.7% | 2.4% | −17.1% |
| Income quality (OCF / net income) | 4.99 | — | — | 1.23 | 0.32 | — | 3.62 | 5.45 | — | — |
| Financial health | ||||||||||
| Total debt | $5.3M | $4.2M | $2.2M | $2.2M | $1.9M | $56.9M | $56.0M | $49.6M | $63.3M | $133.4M |
| Cash & short-term investments | $83.5M | $42.3M | $7.0M | $24.5M | $36.5M | $19.5M | $20.6M | $33.2M | $1.1M | $4.5M |
| Net debt | −$78.2M | −$38.0M | −$4.8M | −$22.3M | −$34.6M | $37.4M | $35.4M | $16.4M | $62.3M | $129.0M |
| Debt / equity | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.14 | 0.13 | 0.12 | 0.16 | 0.37 |
| Debt / assets | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.10 | 0.10 | 0.09 | 0.12 | 0.25 |
| Net debt / EBITDA | −1.51 | −2.06 | — | −0.17 | −0.44 | 3.43 | 0.69 | 0.35 | 4.22 | — |
| Current ratio | 4.38 | 4.84 | 3.27 | 3.51 | 2.14 | 2.02 | 1.66 | 4.18 | 2.99 | 5.13 |
| Quick ratio | 2.29 | 1.86 | 0.81 | 1.16 | 1.06 | 0.70 | 0.58 | 1.82 | 0.77 | 1.22 |
| Interest coverage | 66.8 | -177.3 | -435.3 | 945.0 | 22.0 | -5.4 | 5.4 | 4.0 | -1.2 | -5.0 |
| Working capital | $181.5M | $145.8M | $105.5M | $122.8M | $83.4M | $68.6M | $57.9M | $110.6M | $74.5M | $99.6M |
| Invested capital | $413.2M | $436.3M | $679.6M | $692.8M | $628.8M | $448.6M | $470.0M | $433.7M | $464.8M | $492.3M |
| Tangible asset value | $472.2M | $455.2M | $660.3M | $690.7M | $638.7M | $386.2M | $415.5M | $415.0M | $402.6M | $363.4M |
| Net current asset value | $94.4M | $63.6M | $67.9M | $92.6M | $53.4M | −$3.1M | $1.6M | $37.4M | $3.4M | −$53.8M |
| Graham number | $26.69 | — | — | $80.13 | $144.21 | — | $27.86 | $25.39 | — | — |
| Graham net-net per share | $1.85 | −$0.30 | −$1.48 | $1.74 | −$0.02 | −$4.37 | −$4.37 | −$1.10 | −$4.54 | −$15.40 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $702,000 | $64,000 | $519,000 | — | $97.1M | $0 |
| Share buybacks (net) | $0 | $775,000 | $22.0M | $22.0M | $791,000 | $172,000 | $540,000 | $903,000 | $781,000 | $173,000 |
| Dividend payout ratio | — | — | — | — | 0.3% | — | 3.8% | — | — | — |
| Dividends + buybacks / free cash flow | 0.0% | 2.3% | — | 109.4% | 2.5% | 1.6% | — | 1.9% | — | — |
| Capex / revenue | 10.1% | 15.3% | 23.3% | 20.4% | 7.3% | 8.3% | 36.7% | 8.1% | 8.6% | 8.5% |
| Capex / operating cash flow | 54.2% | 53.7% | 150.5% | 77.3% | 25.0% | 52.8% | 163.4% | 26.3% | 78.4% | — |
| Capex / depreciation | 0.75 | 1.04 | 1.57 | 1.86 | 0.52 | 0.46 | 2.35 | 0.52 | 0.41 | 0.44 |
| Stock-based compensation / revenue | 1.7% | 1.4% | 2.3% | 1.8% | 1.1% | 1.9% | 1.9% | 2.0% | 2.3% | 1.7% |
| SG&A / revenue | 12.3% | 12.9% | 12.1% | 9.4% | 8.9% | 12.9% | 10.7% | 10.1% | 1.1% | 10.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 35.0 | 17.6 | 18.9 | 34.6 | 41.0 | 45.7 | 42.1 | 38.1 | 34.7 | 20.3 |
| Days of inventory on hand | 167.0 | 183.8 | 172.6 | 180.2 | 142.5 | 179.0 | 182.2 | 177.3 | 213.3 | 152.6 |
| Days payables outstanding | 13.7 | 17.4 | 23.7 | 25.8 | 13.9 | 16.9 | 19.8 | 21.8 | 25.7 | 19.7 |
| Cash conversion cycle (days) | 188.3 | 184.1 | 167.8 | 189.0 | 169.6 | 207.9 | 204.5 | 193.7 | 222.4 | 153.2 |
| Receivables turnover | 10.44 | 20.71 | 19.31 | 10.56 | 8.90 | 7.98 | 8.67 | 9.57 | 10.51 | 18.01 |
| Payables turnover | 26.66 | 21.02 | 15.38 | 14.16 | 26.25 | 21.59 | 18.47 | 16.78 | 14.23 | 18.53 |
| Inventory turnover | 2.19 | 1.99 | 2.11 | 2.03 | 2.56 | 2.04 | 2.00 | 2.06 | 1.71 | 2.39 |
| Asset turnover | 0.49 | 0.37 | 0.36 | 0.43 | 0.41 | 0.35 | 0.40 | 0.40 | 0.30 | 0.36 |
| Average receivables | $28.6M | $12.3M | $14.5M | $32.0M | $30.4M | $24.7M | $25.4M | $21.8M | $15.0M | $11.7M |
| Average payables | $9.2M | $10.7M | $15.7M | $13.9M | $8.2M | $8.6M | $9.6M | $10.1M | $10.7M | $13.0M |
| Average inventory | $112.6M | $113.6M | $114.5M | $96.8M | $83.8M | $91.4M | $88.1M | $82.6M | $88.7M | $100.4M |
| Intangibles / total assets | 3.0% | 3.2% | 3.1% | 3.1% | 3.2% | 4.6% | 3.3% | 0.4% | 0.0% | 0.0% |
Computed from IPI's annual financial statements (latest annual report filed March 5, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
IPI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Intrepid Potash traded at 32.7 times earnings, against a 10-year median of 26.1. Based on the latest twelve months, the trailing P/E is 35.6 and the forward P/E is 41.2. Intrepid Potash earned a return on equity of 2.3% and a return on invested capital of 3.5% in fiscal 2025. It ended the year with $5.3 million of debt and $83.5 million in cash and short-term investments, a net cash position of $78.2 million. The share count rose 73.8% from 7.6M to 13.2M over 9 years.
See the IPI income statement, the IPI chart for price history, or the IPI stock overview for the latest quote and news.
IPI key metrics FAQ
What is Intrepid Potash's P/E ratio?
Intrepid Potash's trailing P/E ratio is 35.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 41.2. At the end of fiscal 2025 it was 32.7, compared with a 10-year median of 26.1.
What is Intrepid Potash's EV/EBITDA?
Intrepid Potash's enterprise value was 5.5 times EBITDA at the end of fiscal 2025 (enterprise value $287.1 million, EBITDA $52.0 million); the current EV/EBITDA is 5.5.
What is Intrepid Potash's return on equity?
Intrepid Potash's return on equity (ROE) was 2.3% in fiscal 2025: net income of $11.2 million on average shareholders' equity of $482.9 million.
What is Intrepid Potash's ROIC?
Intrepid Potash's return on invested capital was 3.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Intrepid Potash have?
Intrepid Potash had total debt of $5.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
What is Intrepid Potash's free cash flow yield?
Intrepid Potash generated $25.5 million of free cash flow in fiscal 2025, a free cash flow yield of 7.0% on its market value at year-end ($365.3 million).
What is Intrepid Potash's current ratio?
Intrepid Potash's current ratio was 4.38 at the end of fiscal 2025: current assets were 4.38 times current liabilities.