Filing Flows › Compass Minerals International (CMP) › Q2 FY26 › vs Q1 FY26
Compass Minerals International (CMP) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Compass Minerals International's revenue rose $57.1M (+14%) from $396M in Q1 FY26 to $453M in Q2 FY26. The biggest changes: Highway Deicing Salt +$68.1M (+32%); Consumer & Industrial Salt −$17.0M (-14%); SOP +$7.2M (+12%). Gross margin 18.3% against 16.0% (+2.4 pts).
Compass Minerals International, Q2 FY26: revenue $453M (-8% year over year), operating margin 12.4%, net earnings $12.7M, operating cash flow $197M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 18.3% | 16.0% | +2.4 pts |
| Operating margin | 12.4% | 9.2% | +3.1 pts |
| Net margin | 2.8% | 4.7% | -1.9 pts |
| Free cash flow margin | 39.5% | -15.1% | +54.6 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Highway Deicing Salt | $279M | $211M | $68.1M | +32% |
| Consumer & Industrial Salt | $104M | $121M | −$17.0M | -14% |
| SOP | $69.0M | $61.8M | $7.2M | +12% |
| Eliminations & Other | $1.6M | $2.8M | −$1.2M | -43% |
| Revenue | $453M | $396M | $57.1M | +14% |
| Gross profit | $83.0M | $63.2M | $19.8M | +31% |
| Cost of revenue | $370M | $333M | $37.3M | +11% |
| Operating profit | $56.0M | $36.6M | $19.4M | +53% |
| Operating expenses | $27.0M | $26.6M | $400K | +2% |
| Pre-tax earnings | $28.7M | $16.4M | $12.3M | +75% |
| Other expense, net | $27.3M | $20.2M | $7.1M | +35% |
| Net earnings | $12.7M | $18.6M | −$5.9M | -32% |
| Income tax | $16.0M | −$2.2M | $18.2M | — |
| Depreciation & amortization | $28.2M | $26.4M | $1.8M | +7% |
| Share-based compensation | $2.2M | $2.3M | −$100K | -4% |
| Working capital & other | $154M | −$84.3M | $239M | — |
| Operating cash flow | $197M | −$37.0M | $234M | — |
| Free cash flow (OCF − capex) | $179M | −$59.8M | $239M | — |
| Capital expenditures | $18.2M | $22.8M | −$4.6M | -20% |
Questions
How much did Compass Minerals International's revenue grow quarter over quarter in Q2 FY26?
Compass Minerals International's revenue rose $57.1M (+14%) from $396M in Q1 FY26 to $453M in Q2 FY26.
What drove Compass Minerals International's revenue change in Q2 FY26?
Highway Deicing Salt +$68.1M (+32%); Consumer & Industrial Salt −$17.0M (-14%); SOP +$7.2M (+12%).