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← CockpitCompetitor Analysis › IPI Intrepid Potash, Inc.Open in the cockpit ↗

Intrepid Potash, Inc.IPICompetitor analysis, valuation and peers

United States · USD·Materials›Other Metals/Minerals
Momentum weak 36
Mkt cap
$443M
US dollars, full cap
Free float
81%
of shares outstanding
$/day
$6.65M
20-day average traded
Fwd P/E
11.8×
forward earnings
ROIC−WACC
-6.6 pp
WACC 10.1%
Hurdle
+1 pp
Req g minus delivered
Next earnings
122 days
8 Mar 2027
Close · USD$32.90
1D+4.9%
1W+4.2%
1M-0.5%
3M-12.8%
6M-13.0%
YTD+18.6%
1Y+25.7%
ATR %4.0%
Beta0.17
52w lowhigh34.6% off high

What Intrepid Potash does

Employees: 478

Intrepid Potash at a glance

Size Intrepid Potash (IPI) is a United States Materials company (Other Metals/Minerals) with a market value of $443M, the 2783rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $32.90 on 6 Nov 2026.

Performance Over six months the shares fell 13.0%, against -37.7% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 5.0% over the last twelve months (peer median +19.9%); the operating margin is 5.5% (peer median 10.3%).

Valuation It trades at 11.8× forward earnings against a peer median of 9.9× (5th most expensive of 11).

Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 6.6 points below its cost of capital (10.1% WACC).

Short interest Short interest is 3.0% of the free float (15 Oct 2026).

Next results Next results expected around 8 Mar 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026IPI 75Peer median 63
Six months, rebased to 100: Intrepid Potash against the median of its 20 peers (local-currency closes).

Intrepid Potash financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$292M$298M$255M$279M$338M
Revenue growth—+17%-9%-17%—
Gross profit$56.8M$52.2M$26.6M$34.7M$139M
EBITDA$58.4M$58.7M$33.8M$43.8M$145M
Net income$11.1M$11.2M-$213M-$35.7M$72.2M
Free cash flow$26.8M$25.5M$33.8M-$21.8M$19.1M
Capital expenditure$35.0M$30.2M$38.9M$65.1M$68.7M
Total debt$2.79M$5.31M$4.25M$8.54M$3.81M

Quarterly statements and history in the cockpit →

Intrepid Potash competitor charts

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.

Performance: 6-month against 1-month return

-60%-40%-20%0%-30%-20%-10%0%ELV300056001396PMET001296CAML3833NICUALOY9936G6MNBLXFRUAMYMOILASHAPURMINECORGSMWA1137400IPI6-month return →1-month return →
Up and to the right = strong over both horizons. Intrepid Potash is the large dot.

Fundamentals: revenue growth against valuation

0%+200%+400%0×25×50×75×ELVCAML9936G6MLXFRUAMYECORGSMIPIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Intrepid Potash is the large dot.

Capital: growth delivered against growth the price implies

0%+20%0%20%001396001296CAMLLXFRASHAPURMINECORIPIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Intrepid Potash is the large dot.

Intrepid Potash competitors and peer comparison

How Intrepid Potash compares with its peers

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.

Intrepid Potash against its 20 peers (data as of 6 Nov 2026)
MeasureIPIPeer medianRank in peer set
1-month return-0.5%-14.9%3rd highest of 21
6-month return-13.0%-37.7%4th highest of 21
Distance from 52-week high-34.6%-56.5%3rd highest of 21
Revenue growth (TTM)+5.0%+19.9%9th lowest of 18
Operating margin5.5%10.3%7th lowest of 18
Forward P/E11.8×9.9×5th most expensive of 11
Growth the price implies (Req g, 7 yrs)9.9%11.0%4th least demanding of 8
Growth delivered (Del g)+8.7%+5.7%3rd highest of 7
Hurdle (Req g minus delivered)+1.3 pp+6.1 pp3rd least demanding of 7
ROIC minus cost of capital-6.6 pp-5.0 pp9th lowest of 20
EV / EBITDA4.9×8.0×2nd cheapest of 11
Net debt / EBITDA-2.7×1.4×least indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Intrepid Potash IPIUnited States$443M-13%+5%6%11.8×9.9%+8.7%
Elevra Lithium ELV.AXAustralia$445M-74%-8%-34%29.4×n/an/a
Xiamen Zhongchuang Environmental Technology 300056.SZChina$434M-32%-12%-41%n/an/an/a
Shanghai Re.fine Environment Sci-tech 001396.SZChina$433M-42%+4%12%n/a27.1%+10.6%
PMET Resources PMET.TOCanada$431M-56%n/an/an/an/an/a
Chongqing Changjiang River Moulding Material (Group) 001296.SZChina$430M-16%-1%7%n/a14.0%+4.2%
Central Asia Metals CAML.LUnited Kingdom$430M-17%+23%39%4.3×-9.5%+6.9%
Xinjiang Xinxin Mining Industry 3833.HKHong Kong$457M-39%+20%17%n/an/an/a
Magna Mining NICU.TOCanada$429M-15%+299%-34%n/an/an/a
REalloys ALOYUnited States$427M-38%+21%-4,460%n/an/an/a
Ximei Resources 9936.HKHong Kong$461M-40%+52%14%9.3×n/an/a
Group 6 Metals G6M.AXAustralia$424M-9%+508%50%6.2×-9.7%n/a
NioCorp Developments NBUnited States$423M-52%n/an/an/an/an/a
Luxfer LXFRUnited States$463M+11%-9%10%16.6×9.1%+3.4%
United States Antimony UAMYUnited States$422M-74%+36%-65%82.2×n/an/a
Moil MOIL.NSIndia$465M-32%+3%19%10.6×n/an/a
Ashapura Minechem ASHAPURMIN.NSIndia$421M-37%+63%8%n/a13.3%+35.5%
Ecora Royalties ECOR.LUnited Kingdom$475M-4%+168%48%12.1×11.0%+4.5%
Ferroglobe GSMUnited States$477M-37%+4%0%4.5×n/an/a
WA1 Resources WA1.AXAustralia$410M-51%n/an/an/an/an/a
People & Technology 137400.KSSouth Korea$408M-57%-18%11%6.8×n/an/a

Questions

Which companies are Intrepid Potash's closest peers?
The cockpit's peer set: Elevra Lithium (ELV.AX), Xiamen Zhongchuang Environmental Technology (300056.SZ), Shanghai Re.fine Environment Sci-tech (001396.SZ), PMET Resources (PMET.TO), Chongqing Changjiang River Moulding Material (Group) (001296.SZ), Central Asia Metals (CAML.L), Xinjiang Xinxin Mining Industry (3833.HK), Magna Mining (NICU.TO).
Is Intrepid Potash expensive compared with its peers?
On forward p/e it trades at 11.8× against a peer median of 9.9×, 5th most expensive of 11 in its peer set. For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Intrepid Potash stock performed?
Over six months to 6 Nov 2026 the shares returned -13.0% against -37.7% for the median peer; over one year +25.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.