ICL Group Ltd. key statistics and ratios

In fiscal 2025, ICL Group Ltd. had return on equity of 3.9%, an operating margin of 8.1%, debt equal to 46.1% of equity and a current ratio of 1.33. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

ICL Group Ltd.: financial ratios, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	33.4%	31.0%	30.9%	33.4%	34.5%	29.5%	37.5%	50.2%	35.4%	33.0%	30.6%
Operating margin	14.2%	−0.1%	11.6%	27.3%	14.3%	4.0%	17.4%	35.1%	15.1%	11.3%	8.1%
Net margin	9.4%	−2.3%	6.7%	22.3%	9.0%	0.2%	11.3%	21.6%	8.6%	5.9%	3.2%
Return on equity	16.0%	−4.2%	13.4%	37.3%	12.3%	0.3%	18.5%	43.2%	11.5%	7.1%	3.9%
Return on assets	—	−1.4%	4.2%	14.2%	5.3%	0.1%	7.5%	18.9%	5.5%	3.5%	1.9%
Asset turnover	—	0.63	0.63	0.64	0.59	0.54	0.67	0.88	0.64	0.60	0.60
Current ratio	—	1.27	1.17	1.39	1.52	1.30	1.50	1.75	1.53	1.54	1.33
Debt to equity	0.0%	131.5%	112.3%	64.1%	66.3%	69.5%	66.6%	51.7%	46.6%	40.1%	46.1%
Interest cover (operating income ÷ interest)	8.8x	n/m	5.7x	—	—	1.9x	10.8x	31.1x	9.1x	6.4x	5.0x
Effective tax rate	24.3%	—	31.3%	9.5%	23.4%	51.0%	23.8%	34.8%	29.5%	27.0%	36.5%
R&D as % of revenue	1.4%	1.4%	1.0%	1.0%	0.9%	1.1%	0.9%	0.7%	0.9%	1.0%	1.0%
Dividends ÷ net income	68.2%	—	65.1%	19.4%	57.5%	>999%	35.2%	54.0%	73.3%	61.7%	99.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 7 checks passed · December 31, 2025

What it owns · $12.4bn

Short-term assets $4.2bnLonger-term assets $8.2bn

What it owes, and who funded it · $12.2bn

Short-term liabilities $3.1bnLonger-term liabilities $3.0bnShareholders' equity $6.0bn

Short-term assets cover short-term liabilities $4.2bn of assets due within a year against $3.1bn of liabilities due within a year.
Short-term assets cover long-term liabilities $4.2bn short-term assets against $3.0bn of longer-dated liabilities.
More cash than debt $291m of cash against $2.8bn of debt.
Debt below 40% of shareholders' equity Debt is 46% of equity.
Debt burden no higher than five years ago Debt to equity moved from 52% to 46% over five years.
A year's operating cash flow covers at least 20% of debt $1.1bn of operating cash flow against $2.8bn of debt.
Operating profit covers interest at least five times over Operating income of $580m against $117m of interest.

From ICL Group Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from ICL Group Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to ICL Group Ltd.