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Ashland ASH Intermediates And Solvents — Research And Development Expense

Other segment segments

Personal Care And Household
$6M0.0%
Specialty Additives
$4M+33.3%
Unallocated And Other
$1M

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HLIOUnallocated Expenses — Research And Development Expense
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DNTHDiscovery Expenses — Research And Development Expense
$1.36M+51.4%
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INVAInternal Expenses — Research And Development Expense
$2.73M+127%

Other financials

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

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Market cap$3.32B+40.6%
Enterprise value$4.35B+19.7%
P/E165.9×
P/S1.8×+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×

Where this comes from

Reported directly by Ashland in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Ashland’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 5:17 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-324226
(In millions - unaudited)Three months ended / June 30 / 2026Three months ended / June 30 / 2025Nine months ended / June 30 / 2026Nine months ended / June 30 / 2025
Life Sciences$4$4$11$12
Personal Care661719
Specialty Additives43108
Intermediates1
Total operating segments14133939
Unallocated and other122
$15$13$41$41
Amortization expense

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ashland's intermediates and solvents — research and development expense?
Ashland (ASH) reported intermediates and solvents — research and development expense of $0 in Q2 2026.
What does intermediates and solvents — research and development expense mean?
This metric tracks the investment made by the Intermediates and Solvents segment into innovation, product development, and technical improvements. It indicates the segment's commitment to long-term competitiveness and the evolution of its specialty material offerings.

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