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Ashland

ASH

Ashland Inc. is a global leader in additives and specialty ingredients, focusing on sustainable and high-performance chemical solutions.

Market cap
$3.11B+28.6%
Revenue$1.8B-1.4%
Net income$20.0M+102%
Free cash flow$250.0M+247%
EPS (diluted)$0.43+102%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q3 2026

Income statement

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Revenue$497.0M+7.3%
Gross profit$170.0M+28.8%
Operating income$43.0M+106%
Net income$16.0M+102%
EPS (diluted)$0.35+102%

Balance sheet

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Cash & equivalents$440.0M+113%
Total debt$1.5B-0.6%
Total equity$1.9B-1.0%
Total assets$4.6B-0.9%

Cash flow

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Operating cash flow$120.0M+4.3%
CapEx$20.0M0.0%
Free cash flow$100.0M+5.3%

Valuation & ratios

Valuation

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Market cap$3.11B+28.6%
Enterprise value$4.15B+16.2%
P/E155.7×
P/S1.7×+0.5×

Profitability

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Gross margin31.5%+1.4pp
Operating margin4.1%
Net margin1.1%+0.5pp
FCF margin13.6%+9.7pp

Returns & leverage

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Return on equity1.1%+0.5pp
Debt / equity0.8×0.0×
Current ratio+0.4×

Segments

By segment

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Life Sciences$180.0M+11.1%
Personal Care And Household$155.0M+5.4%
Specialty Additives$136.0M+3.8%
Intermediates And Solvents$37.0M+12.1%

By geography

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Europe$185.0M+5.1%
North America$144.0M+7.5%
Asia Pacific$132.0M+11.9%
Latin America And Other$47.0M+4.4%

Competitors

Profile

Ashland Inc. is a global leader in additives and specialty ingredients, focusing on sustainable and high-performance chemical solutions. The company provides essential functional ingredients that enhance the performance, texture, and stability of products across diverse consumer and industrial markets. Its value proposition centers on deep technical expertise in rheology modification, cellulose chemistry, and biofunctional actives.

Competitive position

Ashland maintains a leading position in cellulosic and vinyl pyrrolidone chemistries, leveraging a global manufacturing footprint and a broad intellectual property portfolio to compete in highly fragmented specialty markets.

GeographiesNorth America, Europe, Asia Pacific, Latin America, Middle East, Africa
Customer segmentsPharmaceuticals, Consumer Packaged Goods, Construction, Industrial Manufacturing
Business modelB2B manufacturing, Specialty ingredient supply, R&D-driven chemical production
SuppliersRaw material suppliers, Energy providers, Chemical feedstock producers
CustomersGlobal paint manufacturers, Pharmaceutical formulators, Consumer product companies, Construction material producers, Electronics and automotive OEMs
Listed1950
Employees3.8K
CEOGuillermo Novo
FilingsSEC EDGAR

Questions, answered.

What is Ashland's market cap?
Ashland (ASH) has a market capitalization of $3.1B and trades on NYSE.
What is Ashland's revenue and profitability?
Ashland generated $1.8B in trailing twelve-month revenue with net income of $20.0M, representing a net margin of 1.1%. Gross margin stands at 31.5%, with free cash flow of $250.0M. These figures are based on the Q2 2026 filing.
Who are Ashland's competitors?
Ashland's key competitors include Dow Inc., IFF, Future Fuel Corporation, and others. These companies compete in similar markets and product categories.
Where is Ashland headquartered?
Ashland is headquartered in United States of America and employs approximately 3,800 people. It has been publicly traded since 1950.