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Ashland ASH Specialty Additives — Operating Income

Other segment segments

Life Sciences
$35M+25.0%
Personal Care And Household
$27M-3.6%
Unallocated And Other
-$20M-81.8%
Intermediates And Solvents
$4M+500%

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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:OperatingIncomeLoss.

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 specialty additives — operating income?
Ashland (ASH) reported specialty additives — operating income of -$7M in Q1 2026.
How has Ashland's specialty additives — operating income changed year-over-year?
Ashland's specialty additives — operating income decreased by 200.0% year-over-year, from $7M to -$7M.
What is the long-term trend for Ashland's specialty additives — operating income?
Over 2 years (2021 to 2025), Ashland's specialty additives — operating income has grown at a 137.1% compound annual growth rate (CAGR), from $61M to -$343M.
What does specialty additives — operating income mean?
This represents the core profitability of the specialty additives segment after deducting operating expenses such as cost of goods sold, research and development, and selling, general, and administrative costs. It serves as a primary indicator of the segment's operational efficiency and ability to generate profit from its core business activities. It excludes interest, taxes, and non-operating items.