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ICL

ICL Group Ltd

ICL

ICL Group Ltd • NYSE
$5.59 ▲ 1.45% (+0.08)
Market Cap $7.21 B
52w High $7.35
52w Low $4.55
Dividend Yield 0.18%
P/E 19.28
Volume 394.96K
Outstanding Shares 1.29B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.853B ▲ $374M ▲ $115M ▲ 6.206% ▲ $0.089 ▲ $343M ▼
Q2-2025 $1.832B ▲ $365M ▼ $93M ▲ 5.076% ▼ $0.072 ▲ $416M ▲
Q1-2025 $1.767B ▲ $375M ▼ $91M ▲ 5.15% ▲ $0.07 ▲ $361M ▲
Q4-2024 $1.601B ▼ $388M ▲ $70M ▼ 4.372% ▼ $0.06 ▼ $213M ▼
Q3-2024 $1.753B $382M $113M 6.446% $0.09 $362M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $476M ▼ $12.262B ▼ $5.881B ▼ $6.134B ▲
Q2-2025 $701M ▲ $12.375B ▲ $6.107B ▲ $6.014B ▲
Q1-2025 $433M ▼ $11.691B ▲ $5.568B ▲ $5.844B ▲
Q4-2024 $442M ▼ $11.321B ▼ $5.334B ▼ $5.724B ▼
Q3-2024 $503M $11.558B $5.423B $5.873B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $129M ▲ $308M ▲ $-178M ▲ $-353M ▼ $-226M ▼ $128M ▲
Q2-2025 $108M ▲ $269M ▲ $-212M ▼ $198M ▲ $270M ▲ $67M ▲
Q1-2025 $106M ▲ $165M ▼ $-192M ▲ $5M ▲ $-15M ▲ $-25M ▼
Q4-2024 $70M ▼ $415.549M ▲ $-274.626M ▼ $-186.021M ▼ $-66M ▼ $146.893M ▼
Q3-2024 $127M $408M $-204M $-107M $106M $249M

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have come down meaningfully from the exceptional peak a few years ago, when fertilizer and commodity prices were unusually strong. Even so, today’s sales are still clearly higher than before the pandemic, and the company remains profitable. Margins have narrowed, especially compared with the boom year, as pricing power in basic fertilizers has eased while costs have stayed relatively high. Overall, the income statement reflects a cyclical business coming off a very strong up-cycle, but not collapsing back to old lows, helped by the growing share of higher‑value specialty products.

Balance Sheet

Balance Sheet The balance sheet looks relatively steady and balanced. Total assets have grown gradually over time, while shareholders’ equity has also trended upward, which suggests that part of growth is being funded from retained earnings rather than just borrowing. Debt levels are meaningful but have edged down from their earlier peak, and do not appear excessive relative to the size of the business. Cash on hand is modest rather than large, so the company relies mainly on its strong, recurring cash generation rather than a big cash buffer. Overall, financial footing appears solid but not overly conservative, with room for investment and some sensitivity to credit conditions.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has consistently exceeded investment spending, even in weaker profit years, which means the core business reliably produces surplus cash. Free cash flow has been positive every year and was especially strong in the boom period, but remains healthy even as earnings have cooled. Capital spending has been running at a steady and meaningful pace, indicating ongoing investment in capacity, technology, and specialty products rather than aggressive cost-cutting. This pattern supports debt service, dividends or buybacks if desired, and continued strategic projects, though it leaves less room for mistakes in a prolonged downturn.

Competitive Edge

Competitive Edge ICL benefits from a distinctive competitive position built on unique natural resources, technical know‑how, and integration. Exclusive mineral rights, especially around the Dead Sea, give it access to very low‑cost potash and bromine, which is hard for rivals to replicate. Vertical integration—owning the chain from mining through to specialized finished products—helps efficiency and quality control and allows the company to capture more value. Its portfolio is spread across agriculture, food, and industrial uses, so it is not fully dependent on any single market. At the same time, it still faces the usual risks of a resource-based business: exposure to global fertilizer cycles, competition from large peers, regulatory and environmental pressures, and geopolitical complexity in its home region.

Innovation and R&D

Innovation and R&D Innovation is a central pillar for ICL and a key way it differentiates itself from commodity fertilizer and chemical producers. The company runs numerous R&D centers and focuses on specialty areas such as controlled‑release and biodegradable fertilizers, biostimulants, advanced flame retardants, and functional food ingredients. Flagship technologies like its biodegradable fertilizer coatings, unique multi‑nutrient Polysulphate, advanced bromine-based solutions, and its plant‑based protein systems are designed to meet tightening regulations and sustainability demands. ICL is also investing in newer fields like battery materials, circular economy nutrient recycling, and open innovation partnerships with startups. This gives it multiple long‑term growth options, but success will depend on scaling these innovations commercially and staying ahead of both regulatory change and fast‑moving competitors.

Summary

ICL today looks like a cyclical, resource-based company that is steadily transforming itself into a more specialized, innovation‑driven business. Financial results show the typical pattern of a downturn following an extraordinary boom, but with earnings and cash flow still clearly stronger than in the pre‑boom years. The balance sheet and cash generation appear robust enough to support ongoing investment and gradual de‑leveraging, though not immune to a prolonged slump in fertilizer and industrial markets. Its access to unique mineral assets, integrated operations, and broad product mix provide a meaningful competitive edge, while heavy investment in R&D and sustainability‑oriented solutions aims to shift the mix further toward higher‑value, more resilient businesses. Key uncertainties revolve around commodity price cycles, regulatory and environmental trends, execution on new technologies (such as battery materials and advanced fertilizers), and geopolitical risk in key operating regions.

NEWS

November 12, 2025 · 2:17 AM UTC

ICL Reports Third Quarter 2025 Results and Announces New Strategic Principles

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October 15, 2025 · 4:30 PM UTC

ICL Announces Third Quarter 2025 Earnings Call

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