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Ashland ASH Return on invested capital

Return on invested capital at other companies

International Flavors & Fragrances logo
International Flavors & FragrancesIFF
3.5%+2.7pp
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DowDOW
-0.4%-1.5pp
Ascent Industries Co. logo
Ascent Industries Co.ACNT
-9.4%+5.4pp
Innospec logo
InnospecIOSP
10%-7.3pp
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Rayonier Advanced MaterialsRYAM
-5.1%-10.8pp
Avient logo
AvientAVNT
6.1%+1.0pp

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

Calculated from Ashland’s reported figures.

Based on trailing twelve months.

The source filing: Ashland’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 5:17 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-324226

FAQ

What is Ashland's return on invested capital?
Ashland (ASH) reported return on invested capital of 1.3% in Q2 2026.
What is the long-term trend for Ashland's return on invested capital?
Over 3 years (2021 to 2025), Ashland's return on invested capital has grown at a 80.7% compound annual growth rate (CAGR), from 3.9% to -23.2%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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