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Huntsman HUN Polyurethanes — Variable Direct Costs

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Other financials

Income statement

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Revenue$1.4B+0.7%
Net income-$41.0M-473%

Balance sheet

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Cash & equivalents$369.0M+10.5%
Total debt$2.5B+5.6%
Total equity$2.7B-9.1%
Total assets$7.1B-1.4%

Cash flow

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Operating cash flow-$53.0M+28.4%
CapEx$38.0M+5.6%
Free cash flow-$91.0M+17.3%

Valuation

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Market cap$1.77B+12.7%
Enterprise value$3.89B+7.8%
P/S0.3×0.0×

Profitability

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Gross margin16.8%
Operating margin2.5%
Net margin-4.9%-9.2pp
FCF margin2.4%+1.1pp

Returns & leverage

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Return on equity-9.9%-17.8pp
Debt / equity0.9×+0.1×
Current ratio1.3×-0.2×

Where this comes from

Reported directly by Huntsman in its filing.

Tagged under the XBRL concept hun:VariableDirectCosts.

The source filing: Huntsman’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 11:38 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-014346
Line itemPolyurethanesPerformance ProductsAdvanced MaterialsTotal
Revenues:
Reportable segments’ revenues(1)$923$228$279$1,430
Significant segment expenses:
Variable direct costs(2)698126131955
Adjusted fixed costs(3)18577108370
Other segment items(4)1(1)(5)(5)
Total reportable segments’ adjusted EBITDA(5)$39$26$45110
Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes:

Document

FAQ

What is Huntsman's polyurethanes — variable direct costs?
Huntsman (HUN) reported polyurethanes — variable direct costs of $698M in Q1 2026.
How has Huntsman's polyurethanes — variable direct costs changed year-over-year?
Huntsman's polyurethanes — variable direct costs increased by 2.3% year-over-year, from $682M to $698M.
What is the long-term trend for Huntsman's polyurethanes — variable direct costs?
Over 3 years (2022 to 2025), Huntsman's polyurethanes — variable direct costs has grown at a -9.3% compound annual growth rate (CAGR), from $3.72B to $2.77B.
What does polyurethanes — variable direct costs mean?
This metric captures the costs directly attributable to the production volume of the Polyurethanes segment, such as raw materials and energy consumption. Monitoring these costs helps assess the segment's variable margin and sensitivity to commodity price fluctuations.

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