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R&D at other companies

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Segments

By segment

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Personal Care And Household$6M0.0%
Specialty Additives$4M+33.3%
Unallocated And Other$1M
Intermediates And Solvents$0

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$3.45B+46.4%
Enterprise value$4.49B+23.5%
P/E172.6×
P/S1.9×+0.6×

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:ResearchAndDevelopmentExpense.

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 except per share data - unaudited)Three months ended / June 30 / 2026Three months ended / June 30 / 2025Nine months ended / June 30 / 2026Nine months ended / June 30 / 2025
Cost of sales - Note Q327331943957
Gross profit170132422390
Selling, general and administrative expense - Note Q99106264268
Research and development expense - Note Q15134141
Intangibles amortization expense - Note G and Note Q15154647
Equity and other income - Note Q121
Goodwill impairment - Note G706706
Income (loss) on divestitures, net - Note B and Note Q13(165)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ashland's R&D?
Ashland (ASH) reported R&D of $15M in Q2 2026.
How has Ashland's R&D changed year-over-year?
Ashland's R&D increased by 15.4% year-over-year, from $13M to $15M.
What is the long-term trend for Ashland's R&D?
Over 4 years (2021 to 2025), Ashland's R&D has grown at a 1.5% compound annual growth rate (CAGR), from $50M to $53M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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