Ashland Inc.

Ashland Inc.

76.44
USD
+3.42
(+4.68%)
1.63EPS
58.15P/E
3.02BMarket Cap
Feb 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
79.1
87.44
51.04
48.69
37.24
41.76
35.8
33.05
37.04
44.28
42.96
44.96
39.65
40.13
Basic EPS, GAAP
8.87
3.33
4.61
-0.47
0.02
1.84
8.42
-8.33
3.86
17.17
3.49
3.6
-18.37
1.13
Free Cash Flow per Basic Share
6.09
5.64
1.69
7.21
3.47
2.26
1.57
1.15
7.98
-6.04
1.43
5.83
-0.09
4.49
Dividend per Share
1.14
1.47
1.46
1.56
1.24
0.97
1.07
1.08
1.23
1.3
1.49
1.66
1.65
1.66
Book Value per Share
59.13
51.19
45.33
53.98
54.94
54.94
59.52
49.77
48.28
59.63
60.73
61.02
41.39
40.84
Tangible Book Value per Share
4.84
-5.6
-9.15
2.05
-6.35
-1.52
3.73
11.7
3.79
17.39
16.53
15.53
13.72
14.35
Basic Weighted Avg Shares
77
70
67
62
62
62
60
61
57
54
51
47
46
46
Sales/Revenue/Turnover
6,091
6,121
3,420
3,019
2,309
2,589
2,148
2,016
2,111
2,391
2,191
2,113
1,824
1,842
Operating Margin (%)
16.01
0.72
2.84
-1.92
2.12
3.94
3.82
2.93
8.15
12.05
7.26
3.93
4.82
6.79
Depreciation Expense
356
393
306
302
265
277
277
235
244
241
243
274
237
191
Net Income, GAAP
683
233
309
-29
1
114
505
-508
220
927
178
169
-845
52
Effective Tax Rate (%)
26.17
- -
- -
- -
- -
- -
- -
- -
- -
12.14
- -
- -
- -
40.48
Profit Margin (%)
11.21
3.81
9.04
-0.96
0.04
4.4
23.51
-25.2
10.42
38.77
8.12
8
-46.33
2.82
Working Capital
1,146
1,874
1,651
1,650
935
636
676
734
783
1,215
1,050
705
782
868
LT Debt
2,947
2,911
3,348
2,325
2,584
2,275
1,501
1,687
1,706
1,364
1,420
1,448
1,469
1,458
Total Equity
4,553
3,583
3,037
3,165
3,406
3,406
3,571
3,036
2,752
3,220
3,097
2,868
1,904
1,870
Return on Invested Capital (%)
9.95
- -
- -
- -
- -
- -
- -
- -
- -
6.19
- -
- -
- -
2.43
Return on Capital (%)
11.46
- -
- -
- -
- -
- -
- -
- -
- -
20.75
- -
- -
- -
2.65
Return on Common Equity (%)
15.92
5.73
9.34
-0.91
0.03
3.35
14.48
-15.38
7.6
31.04
5.64
5.67
-35.41
2.77

Capital Structure

USD

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
19
19
18
LT Borrowings
1,387
1,374
1,374
LT Finance Leases
83
85
84
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
46
46
Market Capitalization
2,685
2,546
3,017

Working Capital

USD

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
1,154
1,209
1,292
Cash, Cash Equivalents & STI
304
343
440
Accounts Receivable, Net
190
244
256
Inventories
565
506
490
Total Current Liabilities
366
395
424
Payables & Accruals
347
376
406
ST Debt
19
19
18
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-7.43%
-33.61%
Free Cash Flow
58.02%
85.97%
-101.46%
Net Income, GAAP
1,072.17%
-101.56%
-600%
Sales/Revenue/Turnover
-5.39%
-1.53%
-13.68%
Total Cash Common Dividend
- -
- -
-2.56%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
473
575
544
522
2,113
2025
405
479
463
477
1,824
2026
386
482
497
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.52
2.39
0.12
0.34
3.6
2025
-3.5
0.66
-16.13
0.7
-18.37
2026
-0.26
0.35
0.35
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
0.38
0.41
0.4
1.66
2025
0.4
0.4
0.41
0.41
1.65
2026
0.41
0.41
0.41
- -
- -

Company Description

CEO
Guillermo Novo
Full Time Employees
2,900
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
8145 Blazer Drive Wilmington DE United States 19808
IPO Date
Mar 17, 1980
Business
Ashland Inc. operates as a global additives and specialty ingredients company serving consumer and industrial markets. The company manufactures and supplies a diverse portfolio of products, including specialty additives for architectural coatings, construction, energy, and automotive markets; life sciences products such as pharmaceuticals, nutrition, agricultural chemicals, and diagnostic films; personal care offerings encompassing biofunctionals, microbial protectants, skin care, sun care, oral care, and hair care solutions; and intermediates such as 1,4-butanediol (BDO) and related chemical derivatives. Ashland's Specialty Ingredients segment provides cellulose ethers, vinyl pyrrolidones, biofunctionals, and various polymers used in adhesives, coatings, pharmaceuticals, textiles, food and beverages, and nutraceuticals. Its consumer specialties division delivers products for oral care, hair care, skin care, and home care, while its industrial specialties serve packaging, automotive, and industrial applications. Founded in 2004 and headquartered in Wilmington, Delaware, Ashland operates across North America, Latin America, Europe, and Asia Pacific, with about 3,000 employees. The company focuses on higher-margin, resilient end markets through portfolio refinement and divestitures to streamline operations. Recently, Ashland completed the sale of its Avoca business in March 2025, aligning with its strategy to prioritize core specialty ingredients businesses. The company is pursuing restructuring and manufacturing optimization initiatives, including consolidating manufacturing operations and improving process productivity. Innovation is a key growth driver, with an ambitious plan to launch seven new products in 2025, targeting incremental sales growth through new and improved specialty ingredients, particularly in life sciences and personal care. Ashland reported double-digit growth in personal care sales driven by strong demand in skin and hair care sectors while managing challenges from customer destocking and structural market changes, especially in China. The company maintains a strong liquidity position with $300 million in cash and a total liquidity of $896 million as of late 2024. Its strategic focus includes expanding high-growth, sustainable, and biologics-related specialty ingredients, aiming to enhance profitability and generate significant sales improvements by 2027 through continuous innovation and operational efficiency enhancements. Ashland's long-term strategy emphasizes profitable growth via innovation, portfolio optimization, and manufacturing excellence to support its global footprint and diverse market presence.

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