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Israeli producer of potash from the Dead Sea, plus phosphate, bromine and specialty agricultural and industrial chemicals.
Israeli producer of potash from the Dead Sea, plus phosphate, bromine and specialty agricultural and industrial chemicals.
Pulls potash and bromine out of Dead Sea brine under a concession from the Israeli state that runs to 2030, and sells them to farmers and industry worldwide; the concession is both its key asset and its key dependency. Israel Corporation, linked to the Ofer family, is the largest shareholder.
Moat: narrow (scale, installed base, IP / patents). Unique low-cost access to Dead Sea mineral-rich brine gives a durable resource advantage in potash and bromine.
Headquarters: Tel Aviv, Israel · Founded: 1968 · Employees: 13,007
Size ICL (ICL) is a United States Materials company (Chemicals: Agricultural) with a market value of $6.04B, the 1060th largest of 3,117 United States companies the cockpit tracks. Shares closed at $4.68 on 6 Nov 2026.
Performance Over six months the shares fell 26.5%, against -24.3% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 10.9% over the last twelve months (peer median +5.5%); the operating margin is 10.6% (peer median 12.2%).
Valuation It trades at 11.5× forward earnings against a peer median of 15.6× (5th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.4 points below its cost of capital (8.3% WACC).
Short interest Short interest is 0.3% of the free float (15 Oct 2026).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $7.71B | $7.15B | $6.84B | $7.54B | $10.0B |
| Revenue growth | — | +5% | -9% | -25% | — |
| Gross profit | $2.36B | $1.95B | $2.14B | $2.54B | $4.94B |
| EBITDA | $1.46B | $1.30B | $1.40B | $1.78B | $3.99B |
| Net income | $305M | $226M | $407M | $647M | $2.16B |
| Free cash flow | $240M | $130M | $650M | $815M | $1.28B |
| Capital expenditure | $821M | $824M | $713M | $780M | $747M |
| Total debt | $3.30B | $2.76B | $2.29B | $2.69B | $2.82B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ICL ICL | $6.04B | -27% | +11% | 11% | 11.5× | 3.5% |
| Nutrien NTR.TO | $34.3B | +8% | +8% | 14% | 13.2× | 4.1% |
| Mosaic Company (The) MOS | $7.11B | +2% | 0% | 3% | 26.2× | n/a |
| Albemarle ALB | $11.7B | -51% | +18% | 14% | 11.3× | 10.9% |
| Yara International YAR.OL | $11.0B | -26% | +2% | 13% | 8.2× | -6.9% |
| Intrepid Potash IPI | $443M | -13% | +5% | 6% | 11.8× | 9.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ICL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.4% | -2.2% | 7th lowest of 21 |
| 6-month return | -26.5% | -24.3% | 8th lowest of 21 |
| Distance from 52-week high | -32.9% | -33.1% | 10th highest of 21 |
| Revenue growth (TTM) | +10.9% | +5.5% | 7th highest of 21 |
| Operating margin | 10.6% | 12.2% | 9th lowest of 21 |
| Forward P/E | 11.5× | 15.6× | 5th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 3.5% | 7.5% | 6th least demanding of 12 |
| Growth delivered (Del g) | +7.2% | +6.0% | 6th highest of 12 |
| Hurdle (Req g minus delivered) | -3.8 pp | -3.0 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | -1.4 pp | +0.8 pp | 10th lowest of 21 |
| EV / EBITDA | 6.2× | 8.8× | 3rd cheapest of 10 |
| Net debt / EBITDA | 1.8× | 2.3× | 6th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ICL ICL | United States | $6.04B | -27% | +11% | 11% | 11.5× | 3.5% | +7.2% |
| Fertilizers & Chemicals Travancore FACT.NS | India | $5.14B | -18% | +32% | 0% | n/a | n/a | n/a |
| Mosaic Company (The) MOS | United States | $7.11B | +2% | 0% | 3% | 26.2× | n/a | n/a |
| UPL UPL.NS | India | $4.78B | -18% | +10% | 14% | 14.8× | 10.9% | +6.0% |
| Dyno Nobel DNL.AX | Australia | $4.64B | +6% | -17% | 15% | 21.1× | n/a | n/a |
| Scotts Miracle-Gro SMG | United States | $3.77B | +6% | -4% | 14% | 13.6× | 7.5% | -7.8% |
| Jiangsu Yangnong Chemical 600486.SS | China | $3.42B | -22% | +3% | 13% | 16.2× | 0.8% | +3.8% |
| Yara International YAR.OL | Norway | $11.0B | -26% | +2% | 13% | 8.2× | -6.9% | +8.3% |
| YONFER Agricultural Technology 000902.SZ | China | $2.69B | -2% | +15% | 11% | 11.4× | n/a | n/a |
| Sichuan Hebang Biotechnology 603077.SS | China | $2.59B | -30% | -24% | -1% | n/a | n/a | n/a |
| Sichuan New Energy Power 000155.SZ | China | $2.54B | -47% | +98% | 32% | 12.9× | n/a | n/a |
| Shandong Weifang Rainbow Chemical 301035.SZ | China | $2.42B | -32% | +6% | 12% | 14.9× | -0.1% | +15.0% |
| Chengdu Wintrue 002539.SZ | China | $2.09B | -24% | +6% | 6% | 11.7× | n/a | n/a |
| Qinghai Salt Lake Industry 000792.SZ | China | $17.8B | -41% | +48% | 57% | 9.9× | -2.7% | +2.0% |
| CF Industries CF | United States | $18.1B | +4% | +20% | 41% | 9.8× | -11.8% | +11.4% |
| Sichuan Development Lomon 002312.SZ | China | $1.93B | -36% | +5% | 6% | 35.0× | 8.2% | +14.0% |
| Lier Chemical 002258.SZ | China | $1.85B | +20% | +6% | 8% | 21.0× | n/a | n/a |
| Zhejiang Xinan Chemical Industrial 600596.SS | China | $1.75B | -31% | +5% | 2% | 22.9× | 12.4% | +3.1% |
| Sumitomo Chemical India SUMICHEM.NS | India | $1.74B | -34% | -3% | 18% | 28.1× | 23.4% | +4.1% |
| Tata Chemicals TATACHEM.NS | India | $1.64B | -25% | +2% | 3% | 85.9× | n/a | n/a |
| Atul ATUL.NS | India | $1.63B | -26% | +18% | 12% | 19.7× | 18.2% | +11.0% |