Business Description
Sociedad Química y Minera de Chile S.A., commonly known as SQM, is a major global producer and distributor of a diverse array of chemical and mineral products. Its extensive offerings include specialized plant nutrition solutions, iodine and its various chemical compounds, lithium and its derivatives, potassium chloride and sulfate, and a range of industrial chemicals, alongside other related products and services. Among its key agricultural products are specialty plant nutrients like potassium nitrate, sodium nitrate, and sodium potassium nitrate, as well as customized blends and advanced fertilizers. The company also manufactures iodine and its derivatives, which are widely utilized across medical, pharmaceutical, agricultural, and industrial sectors. These applications encompass crucial ingredients for x-ray contrast agents, polarizing films essential for LCD and LED displays, various antiseptics, biocides, and disinfectants, components for pharmaceutical synthesis, electronic materials, and elements vital for pigments and dyes. Furthermore, SQM supplies lithium carbonates, which are indispensable for numerous applications. These range from electrochemical materials critical for battery manufacturing, frits for the ceramic and enamel industries, and specialized heat-resistant glass, to chemicals used in air conditioning systems, continuous casting powders for steel extrusion, and processing agents for primary aluminum smelting. Lithium carbonates are also employed in pharmaceuticals and as an ingredient in gunpowder production, in addition to serving as a base for other lithium derivatives. Additionally, the company provides lithium hydroxide, valued for its role in the lubricating greases industry and as a key material for battery cathodes. The company's portfolio extends to potassium chloride and potassium sulfate, which are essential for cultivating various crops such as corn, rice, sugar cane, soybeans, and wheat. SQM also produces industrial chemicals including sodium nitrate, potassium nitrate, potassium chloride, and solar salts, alongside a variety of other fertilizers and custom blends. With a significant global footprint, SQM operates across Chile, Latin America and the Caribbean, Europe, North America, and Asia. Sociedad Química y Minera de Chile S.A. was incorporated in 1968 and is headquartered in Santiago, Chile.
Business History
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 2.06
Total Equity: $5.70B
Shares: 285,637,808
Total Debt: $4.77B
Cash: $1.75B
EBITDA: $1.57B
Total Debt: $4.77B
Cash: $1.75B
Revenue: $4.57B
Revenue: $4.57B
Revenue: $4.57B
Total Equity: $5.70B
Tax Rate: 33.3%
Equity: $5.70B
Total Debt: $4.77B
Cash: $1.75B
Current Liabilities: $1.77B
Long-Term Debt: $4.27B
Total Debt: $4.77B
Total Equity: $5.70B
Shares: 285,637,808
Shares: 285,637,808
CapEx: -$875.29M
Shares: 285,637,808
Stock Price: $71.59
Net Income: $587.21M
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.9B | $10.7B | $7.5B | $4.5B | $4.6B |
| Cost of Revenue | $1.8B | $5.0B | $4.4B | $3.2B | $3.2B |
| Gross Profit | $1.1B | $5.7B | $3.1B | $1.3B | $1.3B |
| Operating Expenses | $162.8M | $205.3M | $230.7M | $261.2M | $204.9M |
| Operating Income | $927.3M | $5.5B | $2.8B | $1.1B | $1.1B |
| Net Income | $585.5M | $3.9B | $2.0B | -$404.4M | $587.2M |
| EBITDA | $926.1M | $5.6B | $2.9B | $1.2B | $1.6B |
| EPS | $2.05 | $13.68 | $7.05 | $-1.42 | $2.06 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.5B | $2.7B | $1.0B | $1.4B | $1.8B |
| Total Current Assets | $4.6B | $7.0B | $5.9B | $5.6B | $5.8B |
| Total Assets | $7.0B | $10.8B | $11.7B | $11.5B | $14.5B |
| Current Liabilities | $991.7M | $3.1B | $2.4B | $2.2B | $1.8B |
| Long-Term Debt | $2.6B | $2.4B | $3.2B | $3.6B | $4.3B |
| Total Liabilities | $3.8B | $5.9B | $6.1B | $6.3B | $6.5B |
| Total Equity | $3.2B | $4.9B | $5.5B | $5.2B | $5.7B |
| Retained Earnings | $1.6B | $3.4B | $3.8B | $3.6B | $4.0B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $822.5M | $4.1B | -$178.3M | $1.3B | $1.3B |
| Capital Expenditure | -$464.7M | -$905.2M | -$1.1B | -$971.8M | -$875.3M |
| Free Cash Flow | $357.8M | $3.2B | -$1.3B | $302.9M | $437.0M |
| Acquisitions (net) | $13.1M | -$31.9M | -$65.2M | -$133.7M | -$11.4M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $1.0B | $1.1B | -$1.6B | $336.5M | $367.6M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 5:16pm (16h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$7.9B $6.7B – $10.6B
|
$8.3B $8.1B – $8.4B
|
$9.1B $7.2B – $11.9B
|
$8.4B $6.6B – $11.0B
|
| EBITDA |
$2.9B $2.5B – $3.9B
|
$3.0B $3.0B – $3.1B
|
$3.4B $2.7B – $4.4B
|
$3.1B $2.4B – $4.0B
|
| Net Income |
$1.8B $1.5B – $2.9B
|
$2.2B $1.4B – $3.0B
|
$1.4B $1.0B – $2.0B
|
$1.8B $1.3B – $2.5B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +274.2% | -30.3% | -39.4% | +0.9% |
| Gross Profit Growth | +426.2% | -46.4% | -56.8% | +0.9% |
| Operating Income Growth | +496.5% | -48.6% | -62.5% | +6.4% |
| Net Income Growth | +567.2% | -48.5% | -120.1% | +245.2% |
| EBITDA Growth | +502.4% | -47.4% | -60.2% | +34.7% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-08 | $1.02 | 2026-04-08 | 2026-05-08 | 2026-05-28 |
| 2024-05-09 | $0.22 | 2024-04-26 | 2024-05-10 | 2024-05-28 |
| 2023-12-06 | $0.50 | 2023-11-17 | 2023-12-07 | 2024-01-05 |
| 2023-11-02 | $0.61 | 2023-10-18 | 2023-11-03 | 2023-11-21 |
| 2023-07-13 | $0.77 | 2023-06-21 | 2023-07-14 | 2023-07-31 |
| 2023-05-11 | $3.15 | 2023-04-05 | 2023-05-12 | 2023-05-31 |
| 2022-12-08 | $2.97 | 2022-11-23 | 2022-12-09 | 2022-12-27 |
| 2022-09-29 | $1.85 | 2022-08-22 | 2022-09-30 | 2022-10-28 |
| 2022-06-02 | $2.60 | 2022-05-20 | 2022-06-03 | 2022-06-23 |
| 2022-04-28 | $0.10 | 2022-04-14 | 2022-04-29 | 2022-05-25 |
| 2021-12-31 | $1.41 | 2021-12-23 | 2022-01-03 | 2022-01-10 |
| 2021-09-02 | $0.31 | 2021-08-20 | 2021-09-03 | 2021-09-17 |
| 2021-06-03 | $0.24 | 2020-06-15 | 2021-06-04 | 2021-06-21 |
| 2021-04-29 | $0.02 | 2021-04-06 | 2021-04-30 | 2021-05-17 |
| 2020-10-08 | $0.37 | 2020-09-29 | 2020-10-09 | 2020-10-19 |
| 2020-06-04 | $0.18 | 2020-05-22 | 2020-06-05 | 2020-06-22 |
| 2020-04-29 | $0.25 | 2020-04-20 | 2020-04-30 | 2020-06-01 |
| 2019-12-05 | $0.23 | 2019-11-22 | 2019-12-06 | 2019-12-23 |
| 2019-09-05 | $0.27 | 2019-08-28 | 2019-09-06 | 2019-09-30 |
| 2019-06-06 | $0.31 | 2019-05-28 | 2019-06-07 | 2019-06-24 |
Narrative Economics
market-narrative step).