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Ashland ASH Personal Care — Goodwill

Other segment segments

Specialty Additives
$112M0.0%

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$245M+1.7%

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:Goodwill.

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)Life / SciencesPersonal / CareSpecialty / AdditivesIntermediatesTotal
Balance at September 30, 2025(a)$466$127$112$705
Currency translation(4)(1)(5)
Balance at June 30, 2026(a)$462$126$112$700

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ashland's personal care — goodwill?
Ashland (ASH) reported personal care — goodwill of $126M in Q2 2026.
How has Ashland's personal care — goodwill changed year-over-year?
Ashland's personal care — goodwill decreased by 0.8% year-over-year, from $127M to $126M.
What is the long-term trend for Ashland's personal care — goodwill?
Over 3 years (2022 to 2025), Ashland's personal care — goodwill has grown at a 0.3% compound annual growth rate (CAGR), from $493M to $497M.
What does personal care — goodwill mean?
Represents the carrying value of goodwill specifically allocated to the Personal Care business segment. This asset reflects the premium paid over the fair value of net identifiable assets during acquisitions within this segment. It serves as an indicator of the segment's historical acquisition activity and long-term strategic value.

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