Sociedad Quimica y Minera de Chile SA ADR B
NYSE: SQM · BASIC MATERIALS · SPECIALTY CHEMICALS
Updated 2026-06-05
Sociedad Quimica y Minera de Chile SA ADR B (SQM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.04B | $1.19B | $1.77B | $1.44B | $1.83B | $2.15B | $2.43B | $2.20B | $2.01B | $1.73B | $1.94B | $2.16B | $2.27B | $1.94B | $1.82B | $2.86B | $10.71B | $7.47B | $4.53B | $4.57B |
| Revenue growth (YoY) | — | +13.9% | +49.4% | -18.9% | +27.2% | +17.2% | +13.2% | -9.3% | -8.6% | -14.2% | +12.2% | +11.2% | +5.0% | -14.2% | -6.5% | +57.5% | +274.2% | -30.3% | -39.4% | +0.9% |
| Cost of revenue | $753.34M | $857.76M | $1.06B | $908.47M | $1.20B | $1.29B | $1.40B | $1.43B | $1.43B | $1.19B | $1.33B | $1.39B | $1.49B | $1.38B | $1.33B | $1.77B | $4.97B | $4.39B | $3.20B | $3.23B |
| Gross profit | $289.55M | $329.76M | $717.87M | $530.18M | $626.00M | $854.79M | $1.03B | $721.45M | $582.97M | $542.75M | $611.04M | $762.50M | $780.17M | $560.05M | $482.87M | $1.09B | $5.74B | $3.08B | $1.33B | $1.34B |
| Gross margin | 27.8% | 27.8% | 40.5% | 36.9% | 34.2% | 39.8% | 42.3% | 32.7% | 28.9% | 31.4% | 31.5% | 35.3% | 34.4% | 28.8% | 26.6% | 38.1% | 53.6% | 41.2% | 29.3% | 29.3% |
| R&D | — | — | — | — | — | — | $10.40M | $9.20M | $7.40M | $4.40M | $11.00M | — | — | — | — | — | — | — | — | — |
| SG&A | $69.66M | $70.27M | $85.71M | $78.89M | $40.85M | $47.69M | $61.15M | $57.78M | $48.84M | $57.11M | $45.44M | $72.04M | $59.98M | $53.58M | $113.63M | $87.94M | $73.50M | $68.34M | $126.78M | $92.60M |
| Operating income | $219.89M | $259.49M | $632.16M | $436.17M | $510.54M | $753.45M | $900.91M | $652.19M | $450.62M | $368.61M | $448.75M | $618.06M | $666.56M | $433.65M | $302.50M | $927.29M | $5.53B | $2.84B | $1.07B | $1.13B |
| Operating margin | 21.1% | 21.9% | 35.6% | 30.3% | 27.9% | 35.1% | 37.1% | 29.6% | 22.4% | 21.3% | 23.1% | 28.6% | 29.4% | 22.3% | 16.6% | 32.4% | 51.6% | 38.1% | 23.5% | 24.8% |
| EBITDA | $313.32M | $353.14M | $746.29M | $587.98M | $672.28M | $803.51M | $931.73M | $671.15M | $473.26M | $378.25M | $471.43M | $643.33M | $676.78M | $464.76M | $326.81M | $926.12M | $5.58B | $2.94B | $1.17B | $1.56B |
| EBITDA margin | 30.0% | 29.7% | 42.1% | 40.9% | 36.7% | 37.5% | 38.4% | 30.5% | 23.5% | 21.9% | 24.3% | 29.8% | 29.9% | 23.9% | 18.0% | 32.4% | 52.1% | 39.3% | 25.8% | 34.2% |
| EBIT | $219.89M | $252.35M | $632.81M | $446.58M | $528.34M | $771.05M | $926.08M | $670.72M | $468.14M | $377.93M | $471.31M | $643.23M | $676.70M | $462.12M | $323.68M | $923.26M | $5.58B | $2.93B | $1.16B | $1.13B |
| Interest expense | $27.59M | $19.95M | $19.96M | $30.98M | $35.00M | $39.34M | $54.09M | $58.76M | $63.37M | $69.64M | $57.50M | $50.12M | $55.67M | $72.52M | $84.10M | $83.37M | $96.01M | $140.77M | $188.26M | $186.83M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $141.28M | $180.02M | $501.41M | $338.30M | $382.12M | $545.76M | $649.17M | $467.11M | $236.89M | $220.36M | $278.29M | $427.70M | $439.83M | $278.12M | $164.52M | $585.45M | $3.91B | $2.01B | $-404.36M | $587.21M |
| Net income growth (YoY) | — | +27.4% | +178.5% | -32.5% | +13.0% | +42.8% | +18.9% | -28.0% | -49.3% | -7.0% | +26.3% | +53.7% | +2.8% | -36.8% | -40.8% | +255.9% | +567.2% | -48.5% | -120.1% | +245.2% |
| Profit margin | 13.5% | 15.2% | 28.3% | 23.5% | 20.9% | 25.4% | 26.7% | 21.2% | 11.8% | 12.7% | 14.3% | 19.8% | 19.4% | 14.3% | 9.1% | 20.5% | 36.5% | 27.0% | -8.9% | 12.9% |
Frequently asked questions
What is Sociedad Quimica y Minera de Chile SA ADR B's revenue?
Sociedad Quimica y Minera de Chile SA ADR B's trailing twelve-month revenue is $5.30B, and consensus projects about $12.65B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is SQM?
In its most recent fiscal year, SQM ran a gross margin of 29.32%, an operating margin of 24.83%, and a net margin of 12.85%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does SQM generate?
SQM produced $437.00M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is SQM's balance sheet healthy?
SQM holds $1.75B in cash and equivalents against $4.22B in long-term debt, on $5.70B of shareholder equity. That debt is best read against the cash flow the business throws off each year.