What is Ashland's operating income?

Ashland (ASH) reported operating income of $39M in Q1 2026.

How has Ashland's operating income changed year-over-year?

Ashland's operating income decreased by 23.5% year-over-year, from $51M to $39M.

What is the long-term trend for Ashland's operating income?

Over 3 years (2021 to 2025), Ashland's operating income has grown at a 63.6% compound annual growth rate (CAGR), from $191M to -$836M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Ashland ASH Operating Income

Operating Income at other companies

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$273M+130%

InnospecIOSP

$36.5M-14.1%

AVT

AvantorAVTR

$99.5M-32.5%

WestlakeWLK

-$172M-438%

AvientAVNT

$95.8M+13,586%

Minerals TechnologiesMTX

$58.7M+137%

Segments

By segment

See full

Life Sciences$35M+25.0%

Personal Care And Household$27M-3.6%

Unallocated And Other-$20M-81.8%

Specialty Additives-$7M-200%

Intermediates And Solvents$4M+500%

Other financials

Income statement

See full

Revenue$482.0M+0.6%

Gross profit$147.0M0.0%

Net income$16.0M-48.4%

EPS (diluted)$0.34-47.7%

Balance sheet

See full

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

See full

Operating cash flow$50.0M+456%

CapEx$17.0M-19.0%

Free cash flow$33.0M+375%

Valuation

See full

Market cap$2.93B-9.0%

Enterprise value$4.06B-10.6%

P/S1.6×0.0×

Profitability

See full

Gross margin30%-1.7pp

Operating margin-37.3%—

Net margin-40.8%-48.8pp

FCF margin13.6%+9.7pp

Returns & leverage

See full

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 operating income?: Ashland (ASH) reported operating income of $39M in Q1 2026.
How has Ashland's operating income changed year-over-year?: Ashland's operating income decreased by 23.5% year-over-year, from $51M to $39M.
What is the long-term trend for Ashland's operating income?: Over 3 years (2021 to 2025), Ashland's operating income has grown at a 63.6% compound annual growth rate (CAGR), from $191M to -$836M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.