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Ashland ASH Specialty Additives — Research And Development Expense

Other segment segments

Personal Care And Household
$6M-14.3%
Life Sciences
$3M-25.0%
Unallocated And Other
$1M—
Intermediates And Solvents
$0—

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$14M+16.7%
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$3.5M+6.1%
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CCThermal And Specialized Solutions — Research And Development Expense
$7M0.0%

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 specialty additives — research and development expense?
Ashland (ASH) reported specialty additives — research and development expense of $4M in Q1 2026.
How has Ashland's specialty additives — research and development expense changed year-over-year?
Ashland's specialty additives — research and development expense increased by 33.3% year-over-year, from $3M to $4M.
What does specialty additives — research and development expense mean?
This represents the investment in innovation, product development, and technical improvements within the specialty additives segment. It reflects the company's commitment to maintaining a competitive edge through new product launches and process enhancements. High levels of R&D spending are typically viewed as a strategic investment for long-term growth and market differentiation.