Filing Flows › Compass Minerals International (CMP) › Q2 FY26 › vs Q2 FY25
Compass Minerals International (CMP) Q2 FY26 vs Q2 FY25 (year over year)
Compass Minerals International's revenue fell $41.4M (-8%) from $495M in Q2 FY25 to $453M in Q2 FY26. The biggest changes: Highway Deicing Salt −$45.9M (-14%); SOP +$8.4M (+14%); Consumer & Industrial Salt −$4.2M (-4%). Gross margin 18.3% against 15.5% (+2.8 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 Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 18.3% | 15.5% | +2.8 pts |
| Operating margin | 12.4% | -0.6% | +13.0 pts |
| Net margin | 2.8% | -6.5% | +9.3 pts |
| Free cash flow margin | 39.5% | 35.0% | +4.6 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Highway Deicing Salt | $279M | $325M | −$45.9M | -14% |
| Consumer & Industrial Salt | $104M | $108M | −$4.2M | -4% |
| SOP | $69.0M | $60.6M | $8.4M | +14% |
| Eliminations & Other | $1.6M | $1.3M | $300K | +23% |
| Revenue | $453M | $495M | −$41.4M | -8% |
| Gross profit | $83.0M | $76.8M | $6.2M | +8% |
| Cost of revenue | $370M | $418M | −$47.6M | -11% |
| Operating profit | $56.0M | −$3.1M | $59.1M | — |
| Operating expenses | $27.0M | $79.9M | −$52.9M | -66% |
| Pre-tax earnings | $28.7M | −$22.2M | $50.9M | — |
| Other expense, net | $27.3M | $19.1M | $8.2M | +43% |
| Net earnings | $12.7M | −$32.0M | $44.7M | — |
| Income tax | $16.0M | $9.8M | $6.2M | +63% |
| Depreciation & amortization | $28.2M | $26.5M | $1.7M | +6% |
| Share-based compensation | $2.2M | $2.8M | −$600K | -21% |
| Working capital & other | $154M | $190M | −$35.3M | -19% |
| Operating cash flow | $197M | $187M | $10.5M | +6% |
| Free cash flow (OCF − capex) | $179M | $173M | $6.3M | +4% |
| Capital expenditures | $18.2M | $14.0M | $4.2M | +30% |
Questions
How much did Compass Minerals International's revenue grow year over year in Q2 FY26?
Compass Minerals International's revenue fell $41.4M (-8%) from $495M in Q2 FY25 to $453M in Q2 FY26.
What drove Compass Minerals International's revenue change in Q2 FY26?
Highway Deicing Salt −$45.9M (-14%); SOP +$8.4M (+14%); Consumer & Industrial Salt −$4.2M (-4%).