ICL

MKT CAP:$7B

ICL Group Ltd

Market Cap

$7B

Basic Materials·Agricultural Inputs·🇮🇱 Israel·NYSE

Materials·Agricultural·🇮🇱·NYSE

Stock Price

$5.20-$0.59 (-10.19%)

Apr 21, 2026

Company Details

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). The Industri...

CEO

Elad Aharonson

IPO Date

Mar 22, 2005

Website

www.icl-group.com

Key Metrics TTM

Revenue

$7.9B

— YoY

Net Income

$910M

EPS (Diluted)

$0.70

Free Cash Flow

$812M

Revenue / Share

$6.13

Gross Margin

39.7%

Operating Margin

20.8%

Net Margin

11.5%

FCF Margin

10.3%

P/S

0.8x

P/E

7.4x

Earnings Reports

FY 2025

Mar 11, 2026

$7.2B+4.6%EPS $0.18

Q4 2025

Mar 11, 2026

$1.7B+6.2%EPS -$0.06

FY 2024

Mar 13, 2025

$6.8B-9.2%EPS $0.32

Q4 2024

Mar 13, 2025

$1.6BEPS $0.06

FY 2023

Mar 14, 2024

$7.5BEPS $0.50

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 18	$1.4B	$431M	$985M
Q2 19	$1.4B	$508M	$240M
Q4 19	$1.1B	$336M	$88M
Q3 22	$2.5B	$1.3B	$935M
Q1 23	$2.1B	$828M	$465M
Q4 24	$1.6B	$535M	$147M
Q4 25	$1.7B	$468M	$99M

Valuation

Quarter	P/S	P/E
Q1 18	—	—
Q2 19	—	—
Q4 19	—	—
Q3 22	1.0x	3.8x
Q1 23	0.9x	6.0x
Q4 24	0.9x	6.5x
Q4 25	0.8x	7.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 18	$36M	-$91M
Q2 19	$239M	$98M
Q4 19	$212M	$55M
Q3 22	$606M	$422M
Q1 23	$382M	$218M
Q4 24	$416M	$147M
Q4 25	$301M	$25M

Capital Expenditures

Quarter	CapEx
Q1 18	$127M
Q2 19	$141M
Q4 19	$157M
Q3 22	$184M
Q1 23	$164M
Q4 24	$269M
Q4 25	$276M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+49.4%	+289.7%
Q4 24	+12.4%	+22.7%
Q4 25	+53.8%	+57.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 18	$8M	0.6%
Q2 19	$4M	0.3%
Q4 19	$3M	0.3%
Q3 22	$0	0.0%
Q1 23	$0	0.0%
Q4 24	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 18	$14M	$70M	$200M
Q2 19	$12M	$65M	$196M
Q4 19	$12M	$706M	—
Q3 22	$18M	$70M	$300M
Q1 23	$18M	$68M	$264M
Q4 24	$19M	$68M	$281M
Q4 25	$17M	$73M	$286M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$439M	$93M	$532M
Q2 22	$426M	$90M	$516M
Q3 22	$498M	$92M	$590M
Q4 22	$417M	$91M	$508M
Q1 23	$552M	$129M	$681M
Q2 23	$372M	$166M	$538M
Q3 23	$307M	$162M	$469M
Q4 23	$420M	$172M	$592M
Q1 24	$363M	$121M	$484M
Q2 24	$287M	$109M	$396M
Q3 24	$393M	$110M	$503M
Q4 24	$327M	$115M	$442M
Q1 25	$312M	$121M	$433M
Q2 25	$582M	$119M	$701M
Q3 25	$356M	$120M	$476M
Q4 25	$291M	$205M	$496M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 18	1.28B	—	—
Q2 19	1.28B	+0.4%	—
Q4 19	1.28B	-0.1%	—
Q3 22	1.29B	+0.6%	—
Q1 23	1.29B	+0.1%	+1.0%
Q4 24	1.29B	-0.0%	+0.6%
Q4 25	1.29B	+0.1%	+0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 18	$111.2K	13K
Q2 19	$117.5K	12K
Q4 19	$737.3K	2K
Q3 22	$190.4K	13K
Q1 23	$154.0K	14K
Q4 24	$117.6K	14K
Q4 25	$124.9K	14K

Revenue / Employee