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Ashland ASH Specialty Additives — Goodwill

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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 specialty additives — goodwill?
Ashland (ASH) reported specialty additives — goodwill of $112M in Q2 2026.
How has Ashland's specialty additives — goodwill changed year-over-year?
Ashland's specialty additives — goodwill decreased by 0.0% year-over-year, from $112M to $112M.
What is the long-term trend for Ashland's specialty additives — goodwill?
Over 4 years (2021 to 2025), Ashland's specialty additives — goodwill has grown at a -12.3% compound annual growth rate (CAGR), from $1.8B to $1.07B.
What does specialty additives — goodwill mean?
This represents the intangible asset value recorded when the purchase price of an acquired business exceeds the fair value of its identifiable net assets. It reflects the premium paid for synergies, brand reputation, and market position within the specialty additives segment. Monitoring this helps investors assess the historical investment in inorganic growth and potential future impairment risks.

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