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Ashland ASH Life Sciences — Research And Development Expense

Other segment segments

Personal Care And Household
$6M-14.3%
Specialty Additives
$4M+33.3%
Unallocated And Other
$1M
Intermediates And Solvents
$0

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GLWLife Sciences and Emerging Growth Businesses — Research, development and engineering expenses
$28M-6.7%
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$64M+8.5%
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BCCorporate Segment — Research and Development Expense
$1.1M+10.0%

Other financials

Income statement

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Revenue$482.0M+0.6%
Gross profit$147.0M0.0%
Operating income$39.0M-23.5%
Net income$16.0M-48.4%
EPS (diluted)$0.34-47.7%

Balance sheet

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Cash & equivalents$343.0M+104%
Total debt$1.5B-0.6%
Total equity$1.9B-27.1%
Total assets$4.5B-14.0%

Cash flow

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Operating cash flow$50.0M+456%
CapEx$17.0M-19.0%
Free cash flow$33.0M+375%

Valuation

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Market cap$2.93B-9.0%
Enterprise value$4.06B-10.6%
P/S1.6×0.0×

Profitability

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Gross margin30%-1.7pp
Operating margin-37.3%
Net margin-40.8%-48.8pp
FCF margin13.6%+9.7pp

Returns & leverage

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Return on equity-33.4%-38.5pp
Debt / equity0.8×+0.2×
Current ratio3.1×+0.7×

Where this comes from

Reported directly by Ashland in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Ashland’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ashland's life sciences — research and development expense?
Ashland (ASH) reported life sciences — research and development expense of $3M in Q1 2026.
How has Ashland's life sciences — research and development expense changed year-over-year?
Ashland's life sciences — research and development expense decreased by 25.0% year-over-year, from $4M to $3M.
What does life sciences — research and development expense mean?
This represents the investment made by the segment in discovering, developing, and improving products, technologies, or processes. It is a leading indicator of the segment's commitment to innovation and long-term competitive advantage. Sustained investment here is typically necessary to maintain market position and drive future revenue growth.