What is Avient's work in process?

Avient (AVNT) reported work in process of $23.6M in Q1 2026.

How has Avient's work in process changed year-over-year?

Avient's work in process increased by 2.2% year-over-year, from $23.1M to $23.6M.

What is the long-term trend for Avient's work in process?

Over 5 years (2020 to 2025), Avient's work in process has grown at a 7.4% compound annual growth rate (CAGR), from $16.6M to $23.7M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Avient AVNT Work in process

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——

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Other financials

Income statement

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Revenue$847.4M+2.5%

Gross profit$272.6M+3.6%

Operating income$95.8M+13,586%

Net income$55.7M+376%

EPS (diluted)$0.61+377%

Balance sheet

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Cash & equivalents$427.6M-6.2%

Total debt$1.9B-7.0%

Total equity$2.4B+4.7%

Total assets$5.9B+2.3%

Cash flow

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Operating cash flow-$34.5M+32.5%

CapEx$19.0M+52.0%

Free cash flow-$53.5M+15.9%

Valuation

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Market cap$3.28B-2.1%

Profitability

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Gross margin31.2%-0.9pp

Operating margin9.1%+1.8pp

Net margin4.8%+1.7pp

FCF margin6.3%+2.0pp

Returns & leverage

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Return on equity6.7%+2.4pp

Debt / equity0.8×-0.1×

Current ratio1.8×-0.3×

Where this comes from

Reported directly by Avient in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Avient’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Avient's work in process?: Avient (AVNT) reported work in process of $23.6M in Q1 2026.
How has Avient's work in process changed year-over-year?: Avient's work in process increased by 2.2% year-over-year, from $23.1M to $23.6M.
What is the long-term trend for Avient's work in process?: Over 5 years (2020 to 2025), Avient's work in process has grown at a 7.4% compound annual growth rate (CAGR), from $16.6M to $23.7M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.