Intrepid Potash Inc Common Stock (IPI)

FairStock Score: 52/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Intrepid Potash as a small, commodity-oriented producer. It sells potash, Trio specialty fertilizer, salt, and water products through three segments, with only 478 employees. The moat is not wide: these are largely commodity products, and pricing is set by markets rather than by the company. Still, FairStock labels it a TURNAROUND because it returned to profit after losses within the last three years. The numbers show why. In fiscal 2024, the year ended 2024-12-31, it lost $212.8 million, or $16.53 per diluted share. In fiscal 2025, the year ended 2025-12-31, it earned $11.2 million, or $0.85 per diluted share, on $298.3 million of revenue. More recently, in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $66.7 million and net income was $15.6 million, or $1.17 per diluted share. That is a big improvement, but note revenue was slightly below the $67.5 million reported for fiscal Q2 2025, the quarter ended 2025-06-30, so profit came from margins or other factors rather than top-line growth. Financial health looks decent: debt to equity is 0.01, trailing free cash flow is $29.7 million, a 6.7% yield on the $444.7 million market cap, and FairStock's Piotroski F-Score is 7/9. Valuation is mixed. At the 2026-10-13 close of $33.05, FairStock's P/B is 0.85, and EV/EBITDA is 4.91, which looks inexpensive, but P/E is 28.01, ROE is only 3.13%, ROCE is 2.07%, and the Graham Number is $32.18, leaving a -2.70% margin of safety. So I see a recovery-levered commodity business with a better balance sheet, but not a high-return compounder and not a bargain by Graham's arithmetic.

In plain English: Intrepid Potash makes potash, salt, and specialty fertilizers used in farming, animal feed, and industrial work. The business has swung from large losses to profits, with positive cash flow and very little debt, so it looks healthier than it did recently. At $33.05, the stock looks roughly fair versus the company’s current earnings and asset value, not obviously cheap.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer