Ashland Inc.
NYSE:ASH · New York Stock Exchange
+$2.75 today
Vol 0.89M · Avg 0.92M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:ASH · Revenue to Net Income
Key Ratios
Analysis
$1.8B of revenue converted into -$706.0M of net income for the selected period. Gross margin is 24.9% and net margin is -38.3%, showing how much revenue survives after costs and taxes. EPS is $-15.35, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B -13.7% | $2.1B -3.6% | $2.2B -8.4% | $2.4B +13.3% | $2.1B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.3B -14.7% | $1.5B -1.8% | $1.5B -2.4% | $1.6B +8.3% | $1.4B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $549.0M -11.2% | $618.0M -7.5% | $668.0M -19.5% | $830.0M +23.9% | $670.0M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 30.1% +0.9pp | 29.2% -1.2pp | 30.5% -4.2pp | 34.7% +3.0pp | 31.7% | 9.8% | 28.9% | 38.3% |
| Research & Development | $54.0M -1.8% | $55.0M +7.8% | $51.0M -7.3% | $55.0M +10.0% | $50.0M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $345.0M -14.6% | $404.0M +10.7% | $365.0M -7.1% | $393.0M +9.8% | $358.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.3B +105.6% | $644.0M +29.8% | $496.0M -0.2% | $497.0M +4.0% | $478.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $237.0M -13.5% | $274.0M +12.8% | $243.0M +0.8% | $241.0M -1.2% | $244.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | -$509.0M -268.0% | $303.0M -33.7% | $457.0M -10.2% | $509.0M +13.6% | $448.0M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | -27.9% -42.2pp | 14.3% -6.5pp | 20.9% -0.4pp | 21.3% +0.1pp | 21.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$775.0M -2880.8% | -$26.0M -115.1% | $172.0M -48.3% | $333.0M +73.4% | $192.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -42.5% -41.3pp | -1.2% -9.1pp | 7.9% -6.1pp | 13.9% +4.8pp | 9.1% | 16.6% | 24.1% | 22.0% |
| Interest Income | $5.0M -50.0% | $10.0M -16.7% | $12.0M +200.0% | $4.0M +300.0% | $1.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $63.0M +18.9% | $53.0M -7.0% | $57.0M -13.6% | $66.0M -9.6% | $73.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$34.0M -1800.0% | $2.0M +116.7% | -$12.0M +90.6% | -$127.0M -122.8% | -$57.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$809.0M -3270.8% | -$24.0M -115.0% | $160.0M -22.3% | $206.0M +52.6% | $135.0M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -44.4% -43.2pp | -1.1% -8.4pp | 7.3% -1.3pp | 8.6% +2.2pp | 6.4% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $13.0M +105.8% | -$223.0M -2687.5% | -$8.0M -132.0% | $25.0M +165.8% | -$38.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$845.0M -600.0% | $169.0M -5.1% | $178.0M -80.8% | $927.0M +321.4% | $220.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | -46.3% -54.3pp | 8.0% -0.1pp | 8.1% -30.6pp | 38.8% +28.3pp | 10.4% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$18 -632.5% | $3 +2.7% | $3 -80.4% | $17 +502.5% | $3 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$18 -643.5% | $3 +2.1% | $3 -79.8% | $16 +348.4% | $4 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $46.0M -6.1% | $49.0M -7.5% | $53.0M -1.9% | $54.0M -30.8% | $78.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $46.0M -8.0% | $50.0M -7.4% | $54.0M -3.6% | $56.0M -8.2% | $61.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Methanex Corporation
NASDAQ:MEOH
$4.13B
Skeena Resources Limited
NYSE:SKE
$3.63B
Avient Corporation
NYSE:AVNT
$3.40B
The Chemours Company
NYSE:CC
$3.29B
WD-40 Company
NASDAQ:WDFC
$3.09B
Quaker Chemical Corporation
NYSE:KWR
$2.60B
Ingevity Corporation
NYSE:NGVT
$2.53B
Minerals Technologies Inc.
NYSE:MTX
$2.42B
Innospec Inc.
NASDAQ:IOSP
$2.05B
Companhia Siderúrgica Nacional
NYSE:SID
$1.43B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does ASH generate?
Ashland Inc. (ASH) reported $1.82B of revenue in fiscal 2025.
Is ASH profitable?
Ashland Inc. (ASH) reported -$845,000,000.00 of net income, with a net margin of -46.3%.
Explore More
Continue the stock analysis
Jump to another research area for this company.