ICL Group Ltd. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ICL Group Ltd. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	5,363	5,418	5,556	5,271	5,043	6,955	10,015	7,536	6,841	7,153
Cost of revenue	3,703	3,746	3,702	3,454	3,553	4,344	4,983	4,865	4,585	4,967
Gross profit	1,660	1,672	1,854	1,817	1,490	2,611	5,032	2,671	2,256	2,186
Research and development	73	55	55	50	54	64	68	71	69	70
Operating income	-3	629	1,519	756	202	1,210	3,516	1,141	775	580
Interest expense	157	229	214	220	219	216	327	259	181	298
Interest income	25	105	56	91	61	94	214	91	41	159
Pre-tax income	-117	505	1,364	628	49	1,092	3,404	974	636	441
Income tax	55	158	129	147	25	260	1,185	287	172	161
Net income to minority interests	50	17	5	-6	-13	-49	-60	-40	-57	-54
Net income	-122	364	1,240	475	11	783	2,159	647	407	226
EBITDA	403	1,047	1,939	1,189	781	1,694	4,014	1,677	1,385	1,306
EPS, basic	-0.10	0.29	0.97	0.37	0.01	0.61	1.68	0.50	0.32	0.18
EPS, diluted	-0.10	0.29	0.97	0.37	0.01	0.60	1.67	0.50	0.32	0.18

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	87	83	121	95	214	473	417	420	327	291
Inventory	1,267	1,226	1,290	1,312	1,250	1,570	2,134	1,703	1,626	1,934
Total current assets	2,571	2,725	2,788	2,684	2,841	3,909	4,548	4,034	3,586	4,164
Property, plant and equipment	4,309	4,521	4,663	5,331	5,550	5,754	5,969	6,329	6,462	6,785
Total assets	8,552	8,714	8,776	9,173	9,664	11,080	11,750	11,627	11,321	12,413
Accounts payable	644	790	715	712	740	1,064	1,006	912	1,002	1,157
Short-term debt	588	822	610	420	679	577	512	858	384	876
Total current liabilities	2,023	2,328	2,009	1,761	2,177	2,612	2,606	2,638	2,328	3,131
Lease liabilities					325	299	270	276	264	255
Total liabilities	5,893	5,784	4,861	5,112	5,576	6,344	6,037	5,590	5,334	6,170
Shareholders' equity	2,574	2,859	3,781	3,925	3,930	4,527	5,464	5,768	5,724	5,983
Minority interests	85	71	134	136	158	209	249	269	263	260
Total equity	2,659	2,930	3,915	4,061	4,088	4,736	5,713	6,037	5,987	6,243
Total liabilities and equity	8,552	8,714	8,776	9,173	9,664	11,080	11,750	11,627	11,321	12,413

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-172	347	1,235	481	24	832	2,219	687	464	280
Depreciation and amortization	406	418	420	433	579	484	498	536	610	726
Cash from operations	966	847	620	992	804	1,065	2,131	1,710	1,468	1,056
Cash from investing	-800	-333	331	-525	-583	-579	-747	-853	-694	-915
Debt issued	1,278	966	1,746	657	1,175	1,230	1,045	633	889	1,666
Debt repaid	-1,365	-1,387	-2,115	-689	-1,133	-1,120	-1,181	-836	-1,302	-1,599
Dividends paid	-162	-237	-241	-273	-118	-276	-1,166	-474	-251	-224
Cash from financing	-239	-511	-894	-490	-105	-244	-1,416	-837	-846	-195
Exchange rate effect	-1	-2	-24	-3	3	17	-24	-17	-21	18
Net change in cash	-73	3	57	-23	116	242	-32	20	-72	-54
Interest paid				114	107	89	106	115

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $5.14 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	30.6%	Gross profit / revenue.
Operating margin	8.1%	Operating income / revenue.
EBITDA margin	18.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	6.2%	Pre-tax income / revenue.
Net margin	3.2%	Net income / revenue.
Operating cash flow margin	14.8%	Cash from operations / revenue.
Effective tax rate	36.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	3.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.9%	Net income / average total assets.
Return on invested capital (ROIC)	6.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	1.0%	Research and development expense / revenue.
D&A / revenue	10.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	4.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-10.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-3.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-24.3%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	8.0%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-25.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-45.2%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	23.5%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-5.7%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-31.2%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	10.8%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-44.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-52.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	83.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-43.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-52.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	78.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-28.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-20.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	5.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	4.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	3.1%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	8.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	9.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	1.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.33x	Current assets / current liabilities.
Quick ratio	0.09x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.09x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	49.7%	Total liabilities / total assets.
Interest coverage	1.95x	Operating income / interest expense.
Working capital	$1.03B	Current assets - current liabilities.
Tangible book value	$5.98B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.60x	Revenue / average total assets.
Fixed asset turnover	1.08x	Revenue / average property, plant and equipment.
Inventory turnover	2.79x	Cost of revenue / average inventory.
Days inventory	131 days	365 x average inventory / cost of revenue.
Days payables	79 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.18	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$0.18	Net income per basic share, as reported (split-adjusted).
Payout ratio	99.1%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$6.63B	Share price x shares outstanding.
Enterprise value	$6.34B	Market cap + total debt - cash - short-term investments.
P/E	29.4x	Market cap / net income. Only when net income is positive.
P/S	0.93x	Market cap / revenue.
P/B	1.11x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.11x	Market cap / tangible book value, when positive.
P/OCF	6.28x	Market cap / cash from operations, when positive.
EV/Sales	0.89x	Enterprise value / revenue.
EV/EBIT	10.9x	Enterprise value / operating income, when both are positive.
EV/EBITDA	4.86x	Enterprise value / EBITDA, when both are positive.
Earnings yield	3.4%	Net income / market cap (the inverse of P/E).
Dividend yield	3.4%	Dividends paid over the period / market cap.
Shareholder yield	3.4%	(Dividends paid + share buybacks) / market cap.

What was ICL Group Ltd.'s revenue in fiscal 2025?

ICL Group Ltd. reported revenue of $7.15B for fiscal 2025, 4.6% higher than the year before.

Was ICL Group Ltd. profitable in fiscal 2025?

Yes. Net income was $226.0M, a net margin of 3.2%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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