COMPASS MINERALS INTERNATIONAL (CMP) Company Report

Compass Minerals (CMP) reported a net loss of $7.2 million for Q4 2025, an improvement from the prior year, and a full-year 2025 net loss of $79.8 million. Total company adjusted EBITDA for Q4 2025 was $41.6 million, up significantly from the prior year, while full-year adjusted EBITDA was $198.8 million, a 4% decrease year-over-year.
Consolidated revenue increased 9% in Q4 2025 and 11% for the full fiscal year 2025. The Salt segment's revenue grew 13.0% to $1,022.5 million and Plant Nutrition revenue increased 14.0% to $206.3 million in FY 2025, with Plant Nutrition sales volumes up 19% to 326 thousand tons.
The company significantly reduced its net total debt by 14%, or $125 million, to $772.5 million at year-end, and enhanced its liquidity to $364.6 million as of September 30, 2025, following a successful refinancing that extended debt maturity to 2030.
For fiscal year 2026, Compass Minerals projects consolidated adjusted EBITDA between $200 and $240 million. Segment guidance includes Salt revenue of $955 to $1,035 million and adjusted EBITDA of $225 to $255 million, and Plant Nutrition revenue of $190 to $205 million and EBITDA of $31 to $36 million.

Dec 9, 2025, 2:00 PM

Presentation

Compass Minerals Reports Improved Q4 and Full-Year 2025 Results, Issues 2026 Guidance

CMP

Earnings

Guidance Update

Debt Issuance

Compass Minerals reported significantly improved financial results for Q4 2025, with consolidated operating earnings of $12 million and Adjusted EBITDA of $42 million, compared to an operating loss of $30 million and $16 million Adjusted EBITDA in the prior year period.
For the full fiscal year 2025, the company achieved $1.25 billion in consolidated revenue, an 11% increase year-over-year, and a modified adjusted EBITDA of $191 million, up 4% from the previous year.
In fiscal 2025, the company reduced net debt by 14% or $125 million and cut SG&A by $25 million (18%), supported by a successful mid-year refinancing that enhanced liquidity and extended debt maturity.
Compass Minerals provided fiscal year 2026 Adjusted EBITDA guidance of $200 million to $240 million for the total company, with the salt segment expected to contribute $225 million to $255 million and improve margins by 200-300 basis points.
Total capital expenditures for 2026 are projected to be between $90 million and $110 million, reflecting a return to normal investment levels.

Dec 9, 2025, 2:00 PM

Transcript

Compass Minerals Reports Strong Q4 and Full Year 2025 Results, Provides 2026 Guidance

CMP

Earnings

Guidance Update

Legal Proceedings

Compass Minerals reported strong Q4 2025 results with consolidated operating earnings of $12 million and Adjusted EBITDA of $42 million, significantly improving from the prior year. For the full fiscal year 2025, consolidated revenue grew 11% to approximately $1.25 billion, and modified adjusted EBITDA increased 4% to $191 million.
In fiscal 2025, the company significantly improved its financial position by reducing net debt by 14% ($125 million), cutting SG&A by $25 million, and successfully refinancing debt to extend maturities and enhance liquidity. Additionally, long-running legal and tax matters were resolved, including a class action lawsuit fully covered by insurance and an Ontario mining tax dispute.
For fiscal year 2026, Compass Minerals forecasts total company Adjusted EBITDA between $200 million and $240 million, with salt segment Adjusted EBITDA projected at $225 million-$255 million due to expected margin improvements. Total capital expenditures are anticipated to be $90 million-$110 million.

Dec 9, 2025, 2:00 PM

Transcript

Compass Minerals Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance

CMP

Earnings

Guidance Update

Legal Proceedings

Compass Minerals reported a consolidated net loss of $80 million for the full fiscal year 2025, an improvement from a $206 million net loss a year ago, with full-year consolidated revenue up 11% to approximately $1.25 billion.
The company significantly improved its financial position in 2025 by reducing net debt by 14% or $125 million and successfully refinancing mid-year to enhance liquidity and extend debt maturity.
Operational improvements included a $25 million reduction in reported SG&A (an 18% reduction year-over-year) and a return to more normal production levels at salt mines after inventory adjustments.
For fiscal year 2026, Compass Minerals projects total company Adjusted EBITDA to be between $200 million and $240 million, with salt segment Adjusted EBITDA expected between $225 million and $255 million.
The company settled a long-running class action lawsuit and an Ontario mining tax dispute in 2025, removing uncertainties and resulting in approximately $10 million net cash outflow for the tax settlement.

Dec 9, 2025, 2:00 PM

Transcript

Compass Minerals Reports Fiscal Fourth-Quarter and Full-Year 2025 Results, Provides 2026 Outlook

CMP

Earnings

Guidance Update

Debt Issuance

Compass Minerals reported a net loss of $7.2 million for the fourth quarter of 2025, an improvement from a net loss of $48.3 million in the comparable prior-year period, with total company adjusted EBITDA increasing to $41.6 million from $15.6 million.
For fiscal full-year 2025, the company reported a net loss of $79.8 million and total company adjusted EBITDA of $198.8 million, which was down 4% year over year, but increased 4% when adjusted for the impact of the Fortress contingent consideration.
The company reduced net total debt by 14%, or $125 million, to $772.5 million at year-end 2025, and completed successful refinancing activity that enhances liquidity and extends the debt maturity profile.
For fiscal full-year 2026, Compass Minerals provided guidance for total adjusted EBITDA in the range of $200 million to $240 million, with the Salt segment adjusted EBITDA expected between $225 million and $255 million, and the Plant Nutrition segment adjusted EBITDA between $31 million and $36 million.

Dec 8, 2025, 9:30 PM

8-K

Compass Minerals International Reports Fiscal Q4 and Full-Year 2025 Results, Provides 2026 Outlook

CMP

Earnings

Guidance Update

Demand Weakening

Compass Minerals reported a fiscal 2025 net loss of $79.8 million and total company adjusted EBITDA of $198.8 million, a 4% decrease year-over-year.
The company reduced its net total debt by 14%, or $125 million, to $772.5 million at year-end 2025, and net cash provided by operating activities significantly improved to $197.7 million for fiscal 2025.
For fiscal 2026, Compass Minerals forecasts total adjusted EBITDA in the range of $200 million to $240 million, with Salt segment adjusted EBITDA projected between $225 million and $255 million.
The Plant Nutrition segment is expected to generate $31 million to $36 million in adjusted EBITDA for fiscal 2026, with total capital expenditures for the company projected at $90 million to $110 million.

Dec 8, 2025, 9:24 PM

Press Release

Compass Minerals Reports Q1 2025 Results, Updates Guidance, and Announces Management Changes

CMP

Earnings

Guidance Update

Management Change

Consolidated revenue for Q1 2025 was $307 million, a 10% year-over-year decrease, resulting in a net loss of $24 million and Adjusted EBITDA of approximately $32 million.
Compass Minerals reduced its total adjusted EBITDA guidance by approximately $15 million for fiscal 2025 due to slower salt sales, but increased plant nutrition guidance by $4 million. Capital guidance was also reduced by approximately $25 million.
The company announced Peter Feldman as the new CFO and Pat Merrin as COO, effective early March. Efforts are underway to reduce highway deicing salt inventory, which is down approximately 10% year-over-year.
The Fortress business's aerial fire retardant, Quella, is conditionally qualified, and discussions are ongoing with the U.S. Forest Service for field evaluation. The company also plans to refinance its debt stack in 2025.

Feb 11, 2025, 2:30 PM

Transcript

Compass Minerals Reports Q1 2025 Results, Updates Guidance, and Announces Leadership Changes

CMP

Earnings

Guidance Update

Management Change

Compass Minerals reported Q1 2025 consolidated revenue of $307 million, a 10% decrease year-over-year, resulting in a net loss of $24 million and Adjusted EBITDA of $32 million.
The company lowered its total adjusted EBITDA guidance by $15 million for fiscal 2025, primarily due to a lighter start in salt sales caused by mild weather in October and November.
Capital guidance for fiscal 2025 was reduced by approximately $25 million.
The plant nutrition business saw revenue increase 24% year-over-year to $61 million, driven by 36% higher sales volumes, leading to an increase of $4 million in guidance for this segment.
Compass Minerals announced new senior leadership appointments, with Pat Merrin joining as COO and Peter Feldman as CFO.