SQM

MKT CAP:$25B

Sociedad Química y Minera de Chile S.A.

Market Cap

$25B

Basic Materials·Chemicals - Specialty· Chile·NYSE

Materials·Chemicals·NYSE

Stock Price

$88.42+$18.69 (+26.80%)

Apr 20, 2026

Company Details

Sociedad Química y Minera de Chile S.A. produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The ...

CEO

Ricardo Ramos Rodríguez

IPO Date

Sep 21, 1993

Website

www.sqm.com

Key Metrics TTM

Revenue

$4.6B

-38.8% YoY

Net Income

-$433M

EPS (Diluted)

-$1.51

Free Cash Flow

$283M

Revenue / Share

$16.00

Gross Margin

30.6%

Operating Margin

25.2%

Net Margin

-9.5%

FCF Margin

6.2%

P/S

5.5x

P/E

—

Earnings Reports

FY 2025

Dec 30, 2025

$4.6BEPS $2.06

Q4 2025

Feb 27, 2026

$1.3B+24.4%EPS $0.65

Q4 2024

Apr 28, 2025

$1.1B-18.1%EPS $0.42

Q3 2024

Nov 20, 2024

$1.1B-41.5%EPS $0.46

Q1 2024

Apr 29, 2024

$1.1B-52.1%EPS -$3.04

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$528M	$137M	$115M
Q2 21	$588M	$186M	$148M
Q3 21	$662M	$225M	$173M
Q4 21	$1.1B	$543M	$491M
Q1 22	$2.0B	$1.2B	$1.1B
Q2 22	$2.6B	$1.3B	$1.2B
Q3 22	$3.0B	$1.6B	$1.6B
Q4 22	$3.1B	$1.6B	$1.6B
Q1 23	$2.3B	$1.1B	$1.0B
Q2 23	$2.1B	$855M	$819M
Q3 23	$1.8B	$754M	$710M
Q4 23	$1.3B	$401M	$290M
Q1 24	$1.1B	$369M	$314M
Q3 24	$1.1B	$281M	$228M
Q4 24	$1.1B	$294M	$210M
Q4 25	$1.3B	$455M	$398M

Valuation

Quarter	P/S	P/E
Q1 21	12.9x	134.0x
Q2 21	12.1x	111.0x
Q3 21	11.0x	76.0x
Q4 21	8.8x	42.9x
Q1 22	5.8x	19.1x
Q2 22	3.9x	12.1x
Q3 22	2.9x	8.2x
Q4 22	2.3x	6.4x
Q1 23	2.3x	6.5x
Q2 23	2.4x	7.0x
Q3 23	2.7x	8.5x
Q4 23	3.4x	12.5x
Q1 24	4.0x	63.9x
Q3 24	4.7x	—
Q4 24	5.5x	—
Q4 25	5.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	$34M	-$33M
Q2 21	$198M	$97M
Q3 21	$187M	$69M
Q4 21	$404M	$224M
Q1 22	$1.0B	$865M
Q2 22	$413M	$198M
Q3 22	$1.5B	$1.3B
Q4 22	$1.1B	$854M
Q1 23	-$619M	-$865M
Q2 23	$608M	$334M
Q3 23	$420M	$139M
Q4 23	-$587M	-$893M
Q1 24	$151M	-$25M
Q3 24	$267M	$47M
Q4 24	$298M	-$55M
Q4 25	$560M	$317M

Capital Expenditures

Quarter	CapEx
Q1 21	$67M
Q2 21	$100M
Q3 21	$118M
Q4 21	$180M
Q1 22	$181M
Q2 22	$215M
Q3 22	$226M
Q4 22	$284M
Q1 23	$246M
Q2 23	$275M
Q3 23	$281M
Q4 23	$306M
Q1 24	$175M
Q3 24	$221M
Q4 24	$353M
Q4 25	$244M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+34.8%	+34.0%
Q2 21	+28.3%	+20.5%
Q3 21	+46.1%	+14.7%
Q4 21	+111.0%	+42.9%
Q1 22	+282.2%	+116.4%
Q2 22	+342.0%	+208.7%
Q3 22	+347.2%	+184.0%
Q4 22	+189.0%	+159.5%
Q1 23	+12.1%	+38.5%
Q2 23	-21.1%	-9.2%
Q3 23	-37.8%	-18.6%
Q4 23	-58.1%	-33.7%
Q1 24	-52.1%	-37.8%
Q3 24	-47.5%	-31.1%
Q4 24	-41.7%	-23.6%
Q4 25	+1.8%	-8.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 21	$10M	$576.0K
Q2 21	$12M	$1M
Q3 21	$35M	$505.0K
Q4 21	$34M	$265.0K
Q1 22	$14M	$799.0K
Q2 22	$15M	$2M
Q3 22	$22M	$1M
Q4 22	$20M	$2M
Q1 23	$18M	$2M
Q2 23	$4M	$2M
Q3 23	$17M	$1M
Q4 23	$29M	$2M
Q1 24	$20M	$2M
Q3 24	$27M	$1M
Q4 24	$56M	$1M
Q4 25	$32M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2.3B	$1.0B	$3.3B
Q2 22	$1.9B	$631M	$2.6B
Q3 22	$3.5B	$257M	$3.8B
Q4 22	$2.7B	$950M	$3.6B
Q1 23	$2.1B	$746M	$2.8B
Q2 23	$2.1B	$563M	$2.6B
Q3 23	$1.2B	$1.5B	$2.7B
Q4 23	$1.0B	$1.3B	$2.4B
Q1 24	$1.3B	$939M	$2.3B
Q2 24	$1.0B	$1.1B	$2.1B
Q3 24	$1.6B	$988M	$2.6B
Q4 24	$1.4B	$1.1B	$2.4B
Q1 25	$1.7B	$698M	$2.4B
Q2 25	$1.6B	$665M	$2.2B
Q3 25	$1.5B	$894M	$2.4B
Q4 25	$1.8B	$977M	$2.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	263M	-2.5%	+0.0%
Q2 21	286M	+8.5%	+8.5%
Q3 21	286M	-0.0%	+7.8%
Q4 21	286M	+0.0%	+5.8%
Q1 22	286M	0.0%	+8.5%
Q2 22	286M	+0.0%	+0.0%
Q3 22	286M	-0.0%	+0.0%
Q4 22	286M	-0.0%	+0.0%
Q1 23	286M	0.0%	+0.0%
Q2 23	286M	0.0%	-0.0%
Q3 23	286M	0.0%	-0.0%
Q4 23	286M	0.0%	0.0%
Q1 24	286M	0.0%	0.0%
Q3 24	286M	+0.0%	+0.0%
Q4 24	286M	0.0%	+0.0%
Q4 25	286M	-0.0%	0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	$96.0K	6K
Q2 21	$106.8K	6K
Q3 21	$120.1K	6K
Q4 21	$178.3K	6K
Q1 22	$332.2K	6K
Q2 22	$427.4K	6K
Q3 22	$486.5K	6K
Q4 22	$447.8K	7K
Q1 23	$323.5K	7K
Q2 23	$293.2K	7K
Q3 23	$263.0K	7K
Q4 23	$187.5K	7K
Q1 24	$155.0K	7K
Q3 24	$153.9K	7K
Q4 24	$147.9K	7K
Q4 25	$184.0K	7K

Revenue / Employee