Icl Group Ltd. Financials

ICL

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Icl Group Ltd. (ICL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ICL FY2025 2026-04-22

ICL’s core mechanic is a cash-generative but asset-heavy business whose earnings efficiency has compressed far faster than its balance sheet.

From FY2024 to FY2025, working-capital flexibility narrowed as the current ratio slipped to 1.3x and cash fell to $291M. That looks operational rather than financing-driven, because inventory absorbed capital at $1.93B while long-term debt remained just $255M.

The business still shows cash conversion stronger than accounting profit: operating cash flow was $1.06B in FY2025 versus net income of $280M. With depreciation and amortization at $615M, a large share of reported cost is non-cash, which supports cash generation but also signals an asset-heavy operating base that needs ongoing upkeep. In weaker profit years, cash and earnings can tell meaningfully different stories.

The bigger structural shift is falling earnings efficiency, not heavier leverage: return on assets dropped from 18.9% in FY2022 to 2.3% in FY2025. Assets still expanded to $12.41B, so the company is employing more capital for much less profit, even as balance-sheet leverage stays restrained rather than being used to prop up returns.

Financial Health Signals

Financial health score pending refresh

We are recalculating Icl Group Ltd.'s peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

4/8

Icl Group Ltd. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

3.77x

For every $1 of reported earnings, Icl Group Ltd. generates $3.77 in operating cash flow ($1.1B OCF vs $280.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.2B

YoY+4.6%

5Y CAGR+7.2%

10Y CAGR+2.8%

Icl Group Ltd. generated $7.2B in revenue in fiscal year 2025. This represents an increase of 4.6% from the prior year.

EBITDA

N/A

Net Income

$280.0M

YoY-39.7%

5Y CAGR+63.5%

10Y CAGR-5.7%

Icl Group Ltd. reported $280.0M in net income in fiscal year 2025. This represents a decrease of 39.7% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$291.0M

YoY-11.0%

5Y CAGR+6.3%

10Y CAGR+6.1%

Icl Group Ltd. held $291.0M in cash against $255.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

1.29B

YoY+0.0%

5Y CAGR-0.2%

Icl Group Ltd. had 1.29B shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

3.9%

YoY-2.9pp

5Y CAGR+3.4pp

10Y CAGR-5.5pp

Icl Group Ltd.'s net profit margin was 3.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.9 percentage points from the prior year.

Return on Equity

4.5%

YoY-3.3pp

5Y CAGR+3.9pp

10Y CAGR-11.4pp

Icl Group Ltd.'s ROE was 4.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

ICL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$7.2B+4.6%	$6.8B-9.2%	$7.5B-24.8%	$10.0B+44.0%	$7.0B+37.9%	$5.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$161.0M-6.4%	$172.0M-40.1%	$287.0M-75.8%	$1.2B+355.8%	$260.0M+940.0%	$25.0M
Net Income	$280.0M-39.7%	$464.0M-32.5%	$687.0M-69.0%	$2.2B+166.7%	$832.0M+3366.7%	$24.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ICL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$12.4B+9.6%	$11.3B-2.6%	$11.6B-1.0%	$11.8B+6.0%	$11.1B+14.7%	$9.7B
Current Assets	$4.2B+16.1%	$3.6B-11.1%	$4.0B-11.3%	$4.5B+16.3%	$3.9B+37.6%	$2.8B
Cash & Equivalents	$291.0M-11.0%	$327.0M-22.1%	$420.0M+0.7%	$417.0M-11.8%	$473.0M+121.0%	$214.0M
Inventory	$1.9B+18.9%	$1.6B-4.5%	$1.7B-20.2%	$2.1B+35.9%	$1.6B+25.6%	$1.3B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$955.0M+9.9%	$869.0M-0.5%	$873.0M+2.5%	$852.0M-1.7%	$867.0M+29.4%	$670.0M
Total Liabilities	$6.2B+15.7%	$5.3B-4.6%	$5.6B-7.4%	$6.0B-4.8%	$6.3B+13.8%	$5.6B
Current Liabilities	$3.1B+34.5%	$2.3B-11.8%	$2.6B+1.2%	$2.6B-0.2%	$2.6B+20.0%	$2.2B
Long-Term Debt	$255.0M-3.4%	$264.0M-4.3%	$276.0M+2.2%	$270.0M-9.7%	$299.0M-8.0%	$325.0M
Total Equity	$6.2B+4.3%	$6.0B-0.8%	$6.0B+5.7%	$5.7B+20.6%	$4.7B+15.9%	$4.1B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$12.4B+9.6%	$11.3B-2.6%	$11.6B-1.0%	$11.8B+6.0%	$11.1B+14.7%	$9.7B+5.4%	$9.2B+4.5%	$8.8B
Current Assets	$4.2B+16.1%	$3.6B-11.1%	$4.0B-11.3%	$4.5B+16.3%	$3.9B+37.6%	$2.8B+5.8%	$2.7B-3.7%	$2.8B
Cash & Equivalents	$291.0M-11.0%	$327.0M-22.1%	$420.0M+0.7%	$417.0M-11.8%	$473.0M+121.0%	$214.0M+125.3%	$95.0M-21.5%	$121.0M
Inventory	$1.9B+18.9%	$1.6B-4.5%	$1.7B-20.2%	$2.1B+35.9%	$1.6B+25.6%	$1.3B-4.7%	$1.3B+1.7%	$1.3B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$955.0M+9.9%	$869.0M-0.5%	$873.0M+2.5%	$852.0M-1.7%	$867.0M+29.4%	$670.0M+2.8%	$652.0M-2.8%	$671.0M
Total Liabilities	$6.2B+15.7%	$5.3B-4.6%	$5.6B-7.4%	$6.0B-4.8%	$6.3B+13.8%	$5.6B+9.1%	$5.1B+5.2%	$4.9B
Current Liabilities	$3.1B+34.5%	$2.3B-11.8%	$2.6B+1.2%	$2.6B-0.2%	$2.6B+20.0%	$2.2B+23.6%	$1.8B-12.3%	$2.0B
Long-Term Debt	$255.0M-3.4%	$264.0M-4.3%	$276.0M+2.2%	$270.0M-9.7%	$299.0M-8.0%	$325.0M	N/A	N/A
Total Equity	$6.2B+4.3%	$6.0B-0.8%	$6.0B+5.7%	$5.7B+20.6%	$4.7B+15.9%	$4.1B+0.7%	$4.1B+3.7%	$3.9B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ICL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.1B-28.1%	$1.5B-14.2%	$1.7B-19.8%	$2.1B+100.1%	$1.1B+32.5%	$804.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$915.0M-31.8%	-$694.0M+18.6%	-$853.0M-14.2%	-$747.0M-29.0%	-$579.0M+0.7%	-$583.0M
Financing Cash Flow	-$195.0M+77.0%	-$846.0M-1.1%	-$837.0M+40.9%	-$1.4B-480.3%	-$244.0M-132.4%	-$105.0M
Dividends Paid	$224.0M-10.8%	$251.0M-47.0%	$474.0M-59.3%	$1.2B+322.5%	$276.0M+133.9%	$118.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ICL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	3.9%-2.9pp	6.8%-2.3pp	9.1%-13.0pp	22.2%+10.2pp	12.0%+11.5pp	0.5%
Return on Equity	4.5%-3.3pp	7.8%-3.6pp	11.4%-27.5pp	38.8%+21.3pp	17.6%+17.0pp	0.6%
Return on Assets	2.3%-1.8pp	4.1%-1.8pp	5.9%-13.0pp	18.9%+11.4pp	7.5%+7.3pp	0.3%
Current Ratio	1.33-0.2	1.54+0.0	1.53-0.2	1.75+0.2	1.50+0.2	1.30
Debt-to-Equity	0.040.0	0.040.0	0.050.0	0.05-0.0	0.06-0.0	0.08
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.33-0.2	1.54+0.0	1.53-0.2	1.75+0.2	1.50+0.2	1.30-0.2	1.52+0.1	1.39
Debt-to-Equity	0.040.0	0.040.0	0.050.0	0.05-0.0	0.06-0.0	0.08-1.2	1.26+0.0	1.24
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Icl Group Ltd.'s annual revenue?

Icl Group Ltd. (ICL) reported $7.2B in total revenue for fiscal year 2025. This represents a 4.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Icl Group Ltd.'s revenue growing?

Icl Group Ltd. (ICL) revenue grew by 4.6% year-over-year, from $6.8B to $7.2B in fiscal year 2025.

Is Icl Group Ltd. profitable?

Yes, Icl Group Ltd. (ICL) reported a net income of $280.0M in fiscal year 2025, with a net profit margin of 3.9%.

How much debt does Icl Group Ltd. have?

As of fiscal year 2025, Icl Group Ltd. (ICL) had $291.0M in cash and equivalents against $255.0M in long-term debt.

What is Icl Group Ltd.'s net profit margin?

Icl Group Ltd. (ICL) had a net profit margin of 3.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Icl Group Ltd.'s return on equity (ROE)?

Icl Group Ltd. (ICL) has a return on equity of 4.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Icl Group Ltd.'s operating cash flow?

Icl Group Ltd. (ICL) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Icl Group Ltd.'s total assets?

Icl Group Ltd. (ICL) had $12.4B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Icl Group Ltd. have outstanding?

Icl Group Ltd. (ICL) had 1.29B shares outstanding as of fiscal year 2025.

What is Icl Group Ltd.'s current ratio?

Icl Group Ltd. (ICL) had a current ratio of 1.33 as of fiscal year 2025, which is considered adequate.

What is Icl Group Ltd.'s debt-to-equity ratio?

Icl Group Ltd. (ICL) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Icl Group Ltd.'s return on assets (ROA)?

Icl Group Ltd. (ICL) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Icl Group Ltd.'s Piotroski F-Score?

Icl Group Ltd. (ICL) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Icl Group Ltd.'s earnings high quality?

Icl Group Ltd. (ICL) has an earnings quality ratio of 3.77x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.