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CBT logoCabot Corporation(CBT)Earnings, Financials & Key Ratios

CBT•NYSE
$82.41
$4.3B mkt cap·13.7× P/E·Price updated May 6, 2026
SectorBasic MaterialsIndustrySpecialty ChemicalsSub-IndustryCarbon and activated carbon materials
AboutCabot Corporation operates as a specialty chemicals and performance materials company. It operates through three segments: Reinforcement Materials, Performance Chemicals, and Purification Solutions. The company offers reinforcing carbons used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites. It also provides specialty carbons used in inks, coatings, plastics, adhesives, toners, batteries, and displays applications; masterbatch and conductive compound products for use in automotive, industrial, packaging, infrastructure, agriculture, consumer products, and electronics industries; inkjet colorants used in the inkjet printing applications; fumed silica used in adhesives, sealants, cosmetics, batteries, inks, toners, silicone elastomers, coatings, polishing slurries, and pharmaceuticals; fumed alumina used in various products, including inkjet media, lighting, coatings, cosmetics, and polishing slurries; and aerogel, a hydrophobic, silica-based particle for use in various thermal insulation and specialty chemical applications. In addition, the company offers activated carbon products used for the purification of water, air, food and beverages, pharmaceuticals, and other liquids and gases; and activated carbon solutions for activated carbon injection in coal-fired utilities, mobile water filter units, and carbon reactivation services. The company sells its products through distributors and sales representatives in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Cabot Corporation was founded in 1882 and is headquartered in Boston, Massachusetts.Show more
  • Revenue$3.71B-7.0%
  • EBITDA$775M+1.3%
  • Net Income$331M-12.9%
  • EPS (Diluted)6.02-10.4%
  • Gross Margin25.32%+5.3%
  • EBITDA Margin20.87%+9.0%
  • Operating Margin16.73%+8.8%
  • Net Margin8.91%-6.3%
  • ROE20.09%-20.8%
  • ROIC17.38%-1.4%
  • Debt/Equity0.71-14.8%
  • Interest Coverage8.42+11.8%
Technical→

CBT Key Insights

Cabot Corporation (CBT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 27.3%
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy dividend yield of 2.1%
  • ✓Share count reduced 2.7% through buybacks
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CBT Price & Volume

Cabot Corporation (CBT) stock price & volume — 10-year historical chart

Loading chart...

CBT Growth Metrics

Cabot Corporation (CBT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years2.6%
5 Years7.27%
3 Years-4.93%
TTM-8.52%

Profit CAGR

10 Years-
5 Years-
3 Years16.56%
TTM-34.18%

EPS CAGR

10 Years-
5 Years-
3 Years18.48%
TTM-31.05%

Return on Capital

10 Years14.28%
5 Years20.1%
3 Years20.98%
Last Year21.33%

CBT Recent Earnings

Cabot Corporation (CBT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 5, 2026
EPS
$1.61
Est $1.47
+9.5%
Revenue
$904M
Est $900M
+0.4%
Q1 2026
Feb 3, 2026
EPS
$1.53
Est $1.40
+9.3%
Revenue
$849M
Est $887M
-4.3%
Q4 2025
Nov 3, 2025
EPS
$1.70
Est $1.68
+1.2%
Revenue
$899M
Est $930M
-3.3%
Q3 2025
Aug 4, 2025
EPS
$1.90
Est $1.82
+4.4%
Revenue
$923M
Est $978M
-5.6%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$1.61vs $1.47+9.5%
$904Mvs $900M+0.4%
Q1 2026Feb 3, 2026
$1.53vs $1.40+9.3%
$849Mvs $887M-4.3%
Q4 2025Nov 3, 2025
$1.70vs $1.68+1.2%
$899Mvs $930M-3.3%
Q3 2025Aug 4, 2025
$1.90vs $1.82+4.4%
$923Mvs $978M-5.6%
Based on last 12 quarters of dataView full earnings history →

CBT Peer Comparison

Cabot Corporation (CBT) competitors in Carbon and activated carbon materials — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
KRO logoKROKronos Worldwide, Inc.Direct Competitor870.95M7.57-7.89-1.47%-7.12%-17%0.77
IOSP logoIOSPInnospec Inc.Direct Competitor1.92B77.6716.63-3.65%6.56%8.23%0.06
HWKN logoHWKNHawkins, Inc.Direct Competitor3.47B167.1141.476.01%7.75%15.88%0.35
TROX logoTROXTronox Holdings plcDirect Competitor1.62B10.13-3.41-5.73%-16.22%-29.25%2.48
ASIX logoASIXAdvanSix Inc.Direct Competitor834.75M25.1613.980.31%3.24%6.05%0.47
ECVT logoECVTEcovyst Inc.Direct Competitor1.62B14.68-24.072.7%-7.71%-10.2%0.71
PPG logoPPGPPG Industries, Inc.Product Competitor24.96B111.5316.120.19%9.83%31.06%
EMN logoEMNEastman Chemical CompanyProduct Competitor8.66B75.7418.47-6.71%4.62%6.69%0.84

Compare CBT vs Peers

Cabot Corporation (CBT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KRO

Most directly comparable listed peer for CBT.

Scale Benchmark

vs MPC

Larger-name benchmark to compare CBT against a more recognizable public peer.

Peer Set

Compare Top 5

vs KRO, IOSP, HWKN, TROX

CBT Income Statement

Cabot Corporation (CBT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Sales/Revenue2.72B3.24B3.34B2.61B3.41B4.32B3.93B3.99B3.71B3.58B
Revenue Growth %12.69%19.32%2.93%-21.67%30.41%26.75%-9.03%1.6%-7.04%-8.52%
Cost of Goods Sold2.06B2.46B2.65B2.11B2.61B3.44B3.09B3.03B2.77B2.69B
COGS % of Revenue76%75.91%79.47%80.87%76.56%79.52%78.66%75.96%74.68%-
Gross Profit
652M▲ 0%
781M▲ 19.8%
685M▼ 12.3%
500M▼ 27.0%
799M▲ 59.8%
885M▲ 10.8%
839M▼ 5.2%
960M▲ 14.4%
940M▼ 2.1%
885M▲ 0%
Gross Margin %24%24.09%20.53%19.13%23.44%20.48%21.34%24.04%25.32%24.76%
Gross Profit Growth %12.8%19.79%-12.29%-27.01%59.8%10.76%-5.2%14.42%-2.08%-
Operating Expenses319M628M379M479M345M496M313M346M319M309M
OpEx % of Revenue11.74%19.37%11.36%18.32%10.12%11.48%7.96%8.66%8.59%-
Selling, General & Admin260M305M290M292M289M258M253M283M260M266M
SG&A % of Revenue9.57%9.41%8.69%11.17%8.48%5.97%6.44%7.09%7%-
Research & Development56M66M60M57M56M55M57M63M59M57M
R&D % of Revenue2.06%2.04%1.8%2.18%1.64%1.27%1.45%1.58%1.59%-
Other Operating Expenses0254M29M130M0183M3M00-1000K
Operating Income
336M▲ 0%
156M▼ 53.6%
306M▲ 96.2%
21M▼ 93.1%
454M▲ 2061.9%
389M▼ 14.3%
526M▲ 35.2%
614M▲ 16.7%
621M▲ 1.1%
562M▲ 0%
Operating Margin %12.37%4.81%9.17%0.8%13.32%9%13.38%15.37%16.73%15.72%
Operating Income Growth %34.4%-53.57%96.15%-93.14%2061.9%-14.32%35.22%16.73%1.14%-
EBITDA491M305M454M179M614M535M670M765M775M731M
EBITDA Margin %18.07%9.41%13.61%6.85%18.01%12.38%17.04%19.15%20.87%20.45%
EBITDA Growth %19.46%-37.88%48.85%-60.57%243.02%-12.87%25.23%14.18%1.31%-7.12%
D&A (Non-Cash Add-back)155M149M148M158M160M146M144M151M154M169M
EBIT344M171M314M20M455M391M541M610M640M574M
Net Interest Income-44M-44M-50M-45M-41M-45M-59M-49M-49M-29M
Interest Income9M10M9M8M8M11M31M32M27M28M
Interest Expense53M54M59M53M49M56M90M81M76M39M
Other Income/Expense-32M-27M-50M-51M-45M-44M-70M-79M-49M-48M
Pretax Income
288M▲ 0%
117M▼ 59.4%
256M▲ 118.8%
-30M▼ 111.7%
409M▲ 1463.3%
345M▼ 15.6%
456M▲ 32.2%
535M▲ 17.3%
572M▲ 6.9%
514M▲ 0%
Pretax Margin %10.6%3.61%7.67%-1.15%12%7.98%11.6%13.4%15.41%14.38%
Income Tax29M193M70M191M123M102M-28M111M196M187M
Effective Tax Rate %10.07%164.96%27.34%-636.67%30.07%29.57%-6.14%20.75%34.27%36.38%
Net Income
241M▲ 0%
-113M▼ 146.9%
157M▲ 238.9%
-238M▼ 251.6%
250M▲ 205.0%
209M▼ 16.4%
445M▲ 112.9%
380M▼ 14.6%
331M▼ 12.9%
285M▲ 0%
Net Margin %8.87%-3.49%4.7%-9.1%7.33%4.84%11.32%9.51%8.91%7.97%
Net Income Growth %61.75%-146.89%238.94%-251.59%205.04%-16.4%112.92%-14.61%-12.89%-34.18%
Net Income (Continuing)273M-74M186M-221M286M243M484M424M376M327M
Discontinued Operations0000000000
Minority Interest121M125M136M123M143M134M143M165M155M119M
EPS (Diluted)
3.81▲ 0%
-1.83▼ 148.0%
2.67▲ 245.9%
-3.96▼ 248.3%
4.34▲ 209.6%
3.62▼ 16.6%
7.73▲ 113.5%
6.72▼ 13.1%
6.02▼ 10.4%
5.46▲ 0%
EPS Growth %61.44%-148.03%245.9%-248.31%209.6%-16.59%113.54%-13.07%-10.42%-31.05%
EPS (Basic)3.89-1.872.67-3.964.363.657.796.796.07-
Diluted Shares Outstanding62.7M61.7M58.8M56.6M56.8M56.9M56.5M55.7M54.2M52.2M
Basic Shares Outstanding61.88M60.37M58.7M56.53M56.73M56.25M55.24M54.3M53.7M52M
Dividend Payout Ratio31.95%-50.96%-32%40.19%19.78%24.47%29%-

CBT Balance Sheet

Cabot Corporation (CBT) balance sheet — assets, liabilities & shareholders' equity

Line itemSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Total Current Assets1.26B1.39B1.21B978M1.43B1.82B1.63B1.6B1.54B1.55B
Cash & Short-Term Investments280M175M169M151M168M206M238M223M258M252M
Cash Only280M175M169M151M168M206M238M223M258M252M
Short-Term Investments0000000000
Accounts Receivable527M637M530M418M645M836M695M733M671M657M
Days Sales Outstanding70.871.7257.9758.3769.0670.6264.5366.9965.9667.21
Inventory396M511M466M359M523M664M585M552M504M522M
Days Inventory Outstanding7075.7964.1461.9873.1470.5469.0666.4166.3469.88
Other Current Assets000000108M0106M116M
Total Non-Current Assets2.05B1.86B1.79B1.8B1.88B1.71B1.98B2.13B2.28B2.35B
Property, Plant & Equipment1.3B1.3B1.35B1.31B1.38B1.27B1.41B1.53B1.71B0
Fixed Asset Turnover2.08x2.50x2.48x1.99x2.48x3.40x2.78x2.60x2.17x4.23x
Goodwill154M93M90M134M140M129M134M133M134M136M
Intangible Assets137M98M96M103M100M63M60M53M55M53M
Long-Term Investments56M52M39M39M40M20M20M23M16M66M
Other Non-Current Assets150M185M58M160M172M178M172M388M180M4.6B
Total Assets
3.31B▲ 0%
3.24B▼ 2.1%
3B▼ 7.4%
2.78B▼ 7.4%
3.31B▲ 18.9%
3.52B▲ 6.6%
3.6B▲ 2.2%
3.74B▲ 3.7%
3.81B▲ 2.1%
3.9B▲ 0%
Asset Turnover0.82x1.00x1.11x0.94x1.03x1.23x1.09x1.07x0.97x0.93x
Asset Growth %4.88%-2.05%-7.4%-7.42%18.88%6.62%2.24%3.66%2.11%15.44%
Total Current Liabilities741M952M599M529M1.15B1.1B822M772M957M1.07B
Accounts Payable339M446M390M316M480M533M438M495M459M598M
Days Payables Outstanding59.9266.1553.6854.5667.1356.6251.759.5560.4275.58
Short-Term Debt263M284M40M21M445M354M182M67M274M436M
Deferred Revenue (Current)-97M29M00000000
Other Current Liabilities22M26M118M46M75M66M55M167M77M0
Current Ratio1.70x1.46x2.02x1.85x1.24x1.65x1.98x2.08x1.61x1.61x
Quick Ratio1.17x0.92x1.24x1.17x0.79x1.05x1.27x1.36x1.08x1.08x
Cash Conversion Cycle80.8781.3668.4365.7975.0784.5381.8873.8471.8861.51
Total Non-Current Liabilities970M1.01B1.27B1.44B1.07B1.39B1.38B1.37B1.15B1.26B
Long-Term Debt661M719M1.02B1.09B717M1.09B1.09B1.15B856M863M
Capital Lease Obligations010M9M89M84M83M84M111M85M85M
Deferred Tax Liabilities38M42M41M58M73M65M50M42M39M162M
Other Non-Current Liabilities253M284M238M197M195M151M147M69M173M1.06B
Total Liabilities1.71B1.97B1.87B1.97B2.22B2.49B2.2B2.15B2.11B2.33B
Total Debt924M1B1.06B1.2B1.25B1.53B1.36B1.33B1.22B436M
Net Debt644M828M895M1.05B1.08B1.32B1.12B1.11B957M436M
Debt / Equity0.58x0.78x0.94x1.48x1.14x1.48x0.97x0.84x0.71x0.71x
Debt / EBITDA1.88x3.29x2.34x6.73x2.03x2.85x2.03x1.74x1.57x0.60x
Net Debt / EBITDA1.31x2.71x1.97x5.88x1.76x2.47x1.67x1.45x1.23x1.23x
Interest Coverage6.49x3.17x5.32x0.38x9.29x6.98x6.01x7.53x8.42x14.72x
Total Equity
1.6B▲ 0%
1.28B▼ 20.1%
1.13B▼ 11.3%
814M▼ 28.2%
1.09B▲ 33.9%
1.03B▼ 5.3%
1.41B▲ 36.3%
1.59B▲ 13.0%
1.71B▲ 7.2%
1.69B▲ 0%
Equity Growth %16.69%-20.11%-11.34%-28.22%33.91%-5.32%36.34%13.01%7.23%39.96%
Book Value per Share25.5320.7319.2914.3819.1918.1424.9028.5531.4632.32
Total Shareholders' Equity1.48B1.15B998M691M947M898M1.26B1.43B1.55B1.57B
Common Stock62M61M57M57M57M56M55M54M53M-3M
Retained Earnings1.68B1.42B1.34B989M1.16B1.28B1.57B1.73B1.83B1.83B
Treasury Stock-6M-7M-5M-4M-4M-4M-3M-3M-3M-3M
Accumulated OCI-259M-317M-391M-351M-289M-439M-362M-360M-335M-316M
Minority Interest121M125M136M123M143M134M143M165M155M119M

CBT Cash Flow Statement

Cabot Corporation (CBT) cash flow — operating, investing & free cash flow history

Line itemSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Cash from Operations340M299M361M377M257M100M595M692M665M665M
Operating CF Margin %12.51%9.22%10.82%14.42%7.54%2.31%15.14%17.33%17.91%-
Operating CF Growth %-11.92%-12.06%20.74%4.43%-31.83%-61.09%495%16.3%-3.9%34.74%
Net Income266M-74M186M-221M286M243M484M424M376M285M
Depreciation & Amortization155M149M148M158M160M146M144M151M154M169M
Stock-Based Compensation16M22M11M9M21M23M20M25M24M7M
Deferred Taxes-35M91M-27M130M9M-40M-156M-37M32M-14M
Other Non-Cash Items-11M240M25M139M25M176M3M59M30M76M
Working Capital Changes-51M-129M18M162M-244M-448M100M70M49M129M
Change in Receivables-23M-110M73M-59M7M-287M153M-26M76M106M
Change in Inventory-50M-105M27M114M-174M-259M96M41M47M57M
Change in Payables91M122M-75M-55M167M115M-152M42M-67M-42M
Cash from Investing-149M-246M-94M-288M-186M-118M-214M-235M-298M-302M
Capital Expenditures-147M-229M-224M-200M-195M-211M-244M-241M-274M-212M
CapEx % of Revenue5.41%7.06%6.71%7.65%5.72%4.88%6.21%6.03%7.38%-
Acquisitions0-64M132M-92M-92M70M6M00-93M
Investments----------
Other Investing-2M47M-2M4M101M23M24M6M-24M3M
Cash from Financing-125M-141M-234M-132M-60M145M-403M-415M-336M-368M
Debt Issued (Net)-2M-165M61M15M36M298M-179M-143M-23M-16M
Equity Issued (Net)-40M-142M-194M-44M3M-47M-94M-152M-160M-125M
Dividends Paid-77M-80M-80M-80M-80M-84M-88M-93M-96M-97M
Share Repurchases-61M-142M-173M-44M-3M-53M-98M-172M-168M-180M
Other Financing-14M246M-23M-23M-19M-22M-42M-27M-57M-130M
Net Change in Cash
80M▲ 0%
-105M▼ 231.3%
-6M▲ 94.3%
-18M▼ 200.0%
19M▲ 205.6%
36M▲ 89.5%
32M▼ 11.1%
-15M▼ 146.9%
35M▲ 333.3%
39M▲ 0%
Free Cash Flow
193M▲ 0%
70M▼ 63.7%
137M▲ 95.7%
177M▲ 29.2%
62M▼ 65.0%
-111M▼ 279.0%
351M▲ 416.2%
451M▲ 28.5%
391M▼ 13.3%
459M▲ 0%
FCF Margin %7.1%2.16%4.11%6.77%1.82%-2.57%8.93%11.29%10.53%12.84%
FCF Growth %-29.56%-63.73%95.71%29.2%-64.97%-279.03%416.22%28.49%-13.3%59.38%
FCF per Share3.081.132.333.131.09-1.956.218.107.217.21
FCF Conversion (FCF/Net Income)1.41x-2.65x2.30x-1.58x1.03x0.48x1.34x1.82x2.01x1.61x
Interest Paid48M47M47M48M41M46M85M82M79M0
Taxes Paid69M84M99M71M93M129M140M136M165M0

CBT Key Ratios

Cabot Corporation (CBT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)16.21%-7.85%13.01%-24.44%26.26%19.7%36.49%25.36%20.09%16.75%
Return on Invested Capital (ROIC)11.6%5.38%11.1%0.81%16.88%12.91%16.16%17.62%17.38%17.38%
Gross Margin24%24.09%20.53%19.13%23.44%20.48%21.34%24.04%25.32%24.76%
Net Margin8.87%-3.49%4.7%-9.1%7.33%4.84%11.32%9.51%8.91%7.97%
Debt / Equity0.58x0.78x0.94x1.48x1.14x1.48x0.97x0.84x0.71x0.71x
Interest Coverage6.49x3.17x5.32x0.38x9.29x6.98x6.01x7.53x8.42x14.72x
FCF Conversion1.41x-2.65x2.30x-1.58x1.03x0.48x1.34x1.82x2.01x1.61x
Revenue Growth12.69%19.32%2.93%-21.67%30.41%26.75%-9.03%1.6%-7.04%-8.52%

CBT SEC Filings & Documents

Cabot Corporation (CBT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Mar 17, 2026·SEC

Material company update

Feb 3, 2026·SEC

10-K Annual Reports

2
FY 2025

Nov 24, 2025·SEC

FY 2024

Nov 20, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2026

Feb 4, 2026·SEC

FY 2025

Aug 5, 2025·SEC

CBT Frequently Asked Questions

Cabot Corporation (CBT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Cabot Corporation (CBT) reported $3.58B in revenue for fiscal year 2025. This represents a 93% increase from $1.86B in 1996.

Cabot Corporation (CBT) saw revenue decline by 7.0% over the past year.

Yes, Cabot Corporation (CBT) is profitable, generating $285.0M in net income for fiscal year 2025 (8.9% net margin).

Dividend & Returns

Yes, Cabot Corporation (CBT) pays a dividend with a yield of 2.15%. This makes it attractive for income-focused investors.

Cabot Corporation (CBT) has a return on equity (ROE) of 20.1%. This is excellent, indicating efficient use of shareholder capital.

Cabot Corporation (CBT) generated $459.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More CBT

Cabot Corporation (CBT) financial analysis — history, returns, DCA and operating performance tools

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Historical returns with dividends reinvested

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