Cabot Corporation (CBT) 10-Year Financial Performance & Capital Metrics

CBT • • Industrial / General

Basic MaterialsSpecialty ChemicalsCatalysts & Process ChemicalsRefining & Petrochemical Catalysts

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 Margin 25.32% +5.3%
EBITDA Margin 20.87% +9.0%
Operating Margin 16.73% +8.8%
Net Margin 8.91% -6.3%
ROE 20.09% -20.8%
ROIC 18.32% +0.2%
Debt/Equity 0.66 -7.6%
Interest Coverage 8.17 +7.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 27.3%
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 2.4%
✓Share count reduced 2.7% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.6%

5Y7.27%

3Y-4.93%

TTM-6.97%

Profit (Net Income) CAGR

10Y-

5Y-

3Y16.56%

TTM-18.27%

EPS CAGR

10Y-

5Y-

3Y18.48%

TTM-16.27%

ROCE

10Y Avg14.84%

5Y Avg20.1%

3Y Avg20.98%

Latest21.33%

Peer Comparison

Refining & Petrochemical Catalysts

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IOSPInnospec Inc.	2.03B	81.89	57.67	-5.31%	-0.07%	-0.09%	7.05%	0.04
MTXMinerals Technologies Inc.	2.11B	67.64	13.08	-2.37%	-0.08%	-0.09%	6.98%	0.57
CBTCabot Corporation	3.89B	73.56	12.22	-7.04%	8.91%	19.67%	10.05%	0.66
SSLSasol Limited	4.51B	7.15	0.68	-9.46%	-7.15%	-23.8%	100%	0.77
ALBAlbemarle Corporation	20.45B	173.78	-15.52	-44.08%	-0.43%	-0.21%		0.35
ECVTEcovyst Inc.	1.23B	10.79	-179.83	1.94%	-14.33%	-17.66%	6.58%	1.28

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	2.41B	2.72B	3.24B	3.34B	2.61B	3.41B	4.32B	3.93B	3.99B	3.71B
Revenue Growth %	-0.16%	0.13%	0.19%	0.03%	-0.22%	0.3%	0.27%	-0.09%	0.02%	-0.07%
Cost of Goods Sold+	1.83B	2.06B	2.46B	2.65B	2.11B	2.61B	3.44B	3.09B	3.03B	2.77B
COGS % of Revenue	0.76%	0.76%	0.76%	0.79%	0.81%	0.77%	0.8%	0.79%	0.76%	0.75%
Gross Profit+	578M	652M	781M	685M	500M	799M	885M	839M	960M	940M
Gross Margin %	0.24%	0.24%	0.24%	0.21%	0.19%	0.23%	0.2%	0.21%	0.24%	0.25%
Gross Profit Growth %	-0.02%	0.13%	0.2%	-0.12%	-0.27%	0.6%	0.11%	-0.05%	0.14%	-0.02%
Operating Expenses+	328M	316M	371M	350M	349M	345M	496M	313M	346M	319M
OpEx % of Revenue	0.14%	0.12%	0.11%	0.1%	0.13%	0.1%	0.11%	0.08%	0.09%	0.09%
Selling, General & Admin	275M	260M	305M	290M	292M	289M	258M	253M	283M	260M
SG&A % of Revenue	0.11%	0.1%	0.09%	0.09%	0.11%	0.08%	0.06%	0.06%	0.07%	0.07%
Research & Development	53M	56M	66M	60M	57M	56M	55M	57M	63M	59M
R&D % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.02%	0.02%
Other Operating Expenses	0	0	0	-1M	0	0	183M	3M	0	0
Operating Income+	250M	336M	156M	306M	150M	454M	389M	526M	614M	621M
Operating Margin %	0.1%	0.12%	0.05%	0.09%	0.06%	0.13%	0.09%	0.13%	0.15%	0.17%
Operating Income Growth %	5.58%	0.34%	-0.54%	0.96%	-0.51%	2.03%	-0.14%	0.35%	0.17%	0.01%
EBITDA+	411M	491M	305M	454M	308M	614M	535M	670M	765M	775M
EBITDA Margin %	0.17%	0.18%	0.09%	0.14%	0.12%	0.18%	0.12%	0.17%	0.19%	0.21%
EBITDA Growth %	0.86%	0.19%	-0.38%	0.49%	-0.32%	0.99%	-0.13%	0.25%	0.14%	0.01%
D&A (Non-Cash Add-back)	161M	155M	149M	148M	158M	160M	146M	144M	151M	154M
EBIT	245M	344M	171M	314M	20M	455M	391M	541M	610M	640M
Net Interest Income+	-49M	-44M	-44M	-50M	-45M	-41M	-45M	-59M	-49M	-49M
Interest Income	5M	9M	10M	9M	8M	8M	11M	31M	32M	27M
Interest Expense	54M	53M	54M	59M	53M	49M	56M	90M	81M	76M
Other Income/Expense	-56M	-32M	-27M	-51M	-54M	-45M	-44M	-70M	-79M	-49M
Pretax Income+	194M	288M	117M	255M	-33M	409M	345M	456M	535M	572M
Pretax Margin %	0.08%	0.11%	0.04%	0.08%	-0.01%	0.12%	0.08%	0.12%	0.13%	0.15%
Income Tax+	34M	29M	193M	70M	191M	123M	102M	-28M	111M	-196M
Effective Tax Rate %	0.77%	0.84%	-0.97%	0.62%	6.79%	0.61%	0.61%	0.98%	0.71%	0.58%
Net Income+	149M	241M	-113M	157M	-224M	250M	209M	445M	380M	331M
Net Margin %	0.06%	0.09%	-0.03%	0.05%	-0.09%	0.07%	0.05%	0.11%	0.1%	0.09%
Net Income Growth %	1.45%	0.62%	-1.47%	2.39%	-2.43%	2.12%	-0.16%	1.13%	-0.15%	-0.13%
Net Income (Continuing)	160M	273M	-74M	186M	-221M	286M	243M	484M	424M	376M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	98M	121M	125M	136M	123M	143M	134M	143M	165M	155M
EPS (Diluted)+	2.36	3.81	-1.83	2.67	-3.96	4.34	3.62	7.73	6.72	6.02
EPS Growth %	1.45%	0.61%	-1.48%	2.46%	-2.48%	2.1%	-0.17%	1.14%	-0.13%	-0.1%
EPS (Basic)	2.40	3.89	-1.87	2.67	-3.96	4.41	3.72	8.06	7.00	6.16
Diluted Shares Outstanding	62.9M	62.7M	61.7M	58.8M	56.6M	56.8M	56.9M	56.5M	55.7M	54.2M
Basic Shares Outstanding	62.21M	61.88M	60.37M	58.7M	56.53M	56.73M	56.25M	55.24M	54.3M	53.7M
Dividend Payout Ratio	0.44%	0.32%	-	0.51%	-	0.32%	0.4%	0.2%	0.24%	0.29%

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	1.12B	1.26B	1.39B	1.21B	978M	1.43B	1.82B	1.63B	1.6B	1.54B
Cash & Short-Term Investments	200M	280M	175M	169M	151M	168M	206M	238M	223M	258M
Cash Only	200M	280M	175M	169M	151M	168M	206M	238M	223M	258M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	456M	527M	637M	530M	418M	645M	836M	695M	733M	671M
Days Sales Outstanding	69.03	70.8	71.72	57.97	58.37	69.06	70.62	64.53	66.99	65.96
Inventory	348M	396M	511M	466M	359M	523M	664M	585M	552M	504M
Days Inventory Outstanding	69.3	70	75.79	64.14	61.98	73.14	70.54	69.06	66.41	66.34
Other Current Assets	0	0	0	0	0	0	0	108M	0	0
Total Non-Current Assets+	2.04B	2.05B	1.86B	1.79B	1.8B	1.88B	1.71B	1.98B	2.13B	2.28B
Property, Plant & Equipment	1.29B	1.3B	1.3B	1.35B	1.31B	1.38B	1.27B	1.41B	1.53B	0
Fixed Asset Turnover	1.87x	2.08x	2.50x	2.48x	1.99x	2.48x	3.40x	2.78x	2.60x	-
Goodwill	152M	154M	93M	90M	134M	140M	129M	134M	133M	134M
Intangible Assets	140M	137M	98M	96M	103M	100M	63M	60M	53M	55M
Long-Term Investments	53M	56M	52M	39M	39M	40M	20M	20M	23M	16M
Other Non-Current Assets	134M	150M	185M	58M	160M	172M	178M	172M	388M	2.07B
Total Assets+	3.16B	3.31B	3.24B	3B	2.78B	3.31B	3.52B	3.6B	3.74B	3.81B
Asset Turnover	0.76x	0.82x	1.00x	1.11x	0.94x	1.03x	1.23x	1.09x	1.07x	0.97x
Asset Growth %	0.03%	0.05%	-0.02%	-0.07%	-0.07%	0.19%	0.07%	0.02%	0.04%	0.02%
Total Current Liabilities+	421M	741M	952M	599M	529M	1.15B	1.1B	822M	772M	957M
Accounts Payable	259M	339M	446M	390M	316M	480M	533M	438M	676M	648M
Days Payables Outstanding	51.57	59.92	66.15	53.68	54.56	67.13	56.62	51.7	81.33	85.29
Short-Term Debt	8M	263M	284M	40M	21M	445M	354M	182M	53M	274M
Deferred Revenue (Current)	-1000K	-1000K	1000K	0	0	0	0	0	0	0
Other Current Liabilities	25M	22M	26M	118M	46M	75M	66M	55M	43M	0
Current Ratio	2.65x	1.70x	1.46x	2.02x	1.85x	1.24x	1.65x	1.98x	2.08x	1.61x
Quick Ratio	1.82x	1.17x	0.92x	1.24x	1.17x	0.79x	1.05x	1.27x	1.36x	1.08x
Cash Conversion Cycle	86.76	80.87	81.36	68.43	65.79	75.07	84.53	81.88	52.07	47.01
Total Non-Current Liabilities+	1.36B	970M	1.01B	1.27B	1.44B	1.07B	1.39B	1.38B	1.37B	1.15B
Long-Term Debt	918M	661M	719M	1.02B	1.09B	717M	1.09B	1.09B	1.09B	856M
Capital Lease Obligations	0	0	10M	9M	89M	84M	83M	84M	0	0
Deferred Tax Liabilities	139M	38M	42M	41M	58M	73M	65M	50M	42M	39M
Other Non-Current Liabilities	348M	253M	284M	238M	197M	195M	151M	147M	245M	258M
Total Liabilities	1.79B	1.71B	1.97B	1.87B	1.97B	2.22B	2.49B	2.2B	2.15B	2.11B
Total Debt+	926M	924M	1B	1.06B	1.2B	1.25B	1.53B	1.36B	1.14B	1.13B
Net Debt	726M	644M	828M	895M	1.05B	1.08B	1.32B	1.12B	917M	872M
Debt / Equity	0.67x	0.58x	0.78x	0.94x	1.48x	1.14x	1.48x	0.97x	0.72x	0.66x
Debt / EBITDA	2.25x	1.88x	3.29x	2.34x	3.91x	2.03x	2.85x	2.03x	1.49x	1.46x
Net Debt / EBITDA	1.77x	1.31x	2.71x	1.97x	3.42x	1.76x	2.47x	1.67x	1.20x	1.13x
Interest Coverage	4.63x	6.34x	2.89x	5.19x	2.83x	9.27x	6.95x	5.84x	7.58x	8.17x
Total Equity+	1.37B	1.6B	1.28B	1.13B	814M	1.09B	1.03B	1.41B	1.59B	1.71B
Equity Growth %	0.02%	0.17%	-0.2%	-0.11%	-0.28%	0.34%	-0.05%	0.36%	0.13%	0.07%
Book Value per Share	21.81	25.53	20.73	19.29	14.38	19.19	18.14	24.90	28.55	31.46
Total Shareholders' Equity	1.27B	1.48B	1.15B	998M	691M	947M	898M	1.26B	1.43B	1.55B
Common Stock	62M	62M	61M	57M	57M	57M	56M	55M	54M	-3M
Retained Earnings	1.54B	1.68B	1.42B	1.34B	989M	1.16B	1.28B	1.57B	1.73B	1.83B
Treasury Stock	-7M	-6M	-7M	-5M	-4M	-4M	-4M	-3M	-3M	-3M
Accumulated OCI	-325M	-259M	-317M	-391M	-351M	-289M	-439M	-362M	-360M	-335M
Minority Interest	98M	121M	125M	136M	123M	143M	134M	143M	165M	155M

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	386M	340M	299M	361M	377M	257M	100M	595M	692M	665M
Operating CF Margin %	0.16%	0.13%	0.09%	0.11%	0.14%	0.08%	0.02%	0.15%	0.17%	0.18%
Operating CF Growth %	-0.21%	-0.12%	-0.12%	0.21%	0.04%	-0.32%	-0.61%	4.95%	0.16%	-0.04%
Net Income	164M	266M	-74M	186M	-221M	286M	243M	484M	424M	376M
Depreciation & Amortization	161M	155M	149M	148M	158M	160M	146M	144M	151M	154M
Stock-Based Compensation	17M	16M	22M	11M	9M	21M	23M	20M	25M	24M
Deferred Taxes	-35M	-35M	91M	-27M	130M	9M	-40M	-156M	-37M	32M
Other Non-Cash Items	34M	-11M	240M	25M	139M	25M	176M	3M	59M	30M
Working Capital Changes	45M	-51M	-129M	18M	162M	-244M	-448M	100M	70M	49M
Change in Receivables	43M	-23M	-110M	73M	-59M	7M	-287M	56M	-26M	76M
Change in Inventory	51M	-50M	-105M	27M	114M	-174M	-259M	96M	41M	47M
Change in Payables	-27M	91M	122M	-75M	-55M	167M	115M	-152M	42M	-67M
Cash from Investing+	-98M	-149M	-246M	-94M	-288M	-186M	-118M	-214M	-235M	-298M
Capital Expenditures	-112M	-147M	-229M	-224M	-200M	-195M	-211M	-244M	-241M	-274M
CapEx % of Revenue	0.05%	0.05%	0.07%	0.07%	0.08%	0.06%	0.05%	0.06%	0.06%	0.07%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	14M	-2M	47M	-2M	4M	101M	23M	24M	6M	-24M
Cash from Financing+	-184M	-125M	-141M	-234M	-132M	-60M	145M	-403M	-415M	-336M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-65M	-77M	-80M	-80M	-80M	-80M	-84M	-88M	-93M	-96M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-6M	-14M	246M	-23M	-23M	-19M	-22M	-42M	-27M	-57M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	274M	193M	70M	137M	177M	62M	-111M	351M	451M	391M
FCF Margin %	0.11%	0.07%	0.02%	0.04%	0.07%	0.02%	-0.03%	0.09%	0.11%	0.11%
FCF Growth %	-0.21%	-0.3%	-0.64%	0.96%	0.29%	-0.65%	-2.79%	4.16%	0.28%	-0.13%
FCF per Share	4.36	3.08	1.13	2.33	3.13	1.09	-1.95	6.21	8.10	7.21
FCF Conversion (FCF/Net Income)	2.59x	1.41x	-2.65x	2.30x	-1.68x	1.03x	0.48x	1.34x	1.82x	2.01x
Interest Paid	51M	48M	47M	47M	48M	41M	46M	85M	82M	79M
Taxes Paid	66M	69M	84M	99M	71M	93M	129M	140M	136M	165M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	10.98%	16.21%	-7.85%	13.01%	-23%	26.26%	19.7%	36.49%	25.36%	20.09%
Return on Invested Capital (ROIC)	8.61%	11.6%	5.38%	11.1%	5.78%	16.88%	12.91%	16.16%	18.29%	18.32%
Gross Margin	23.97%	24%	24.09%	20.53%	19.13%	23.44%	20.48%	21.34%	24.04%	25.32%
Net Margin	6.18%	8.87%	-3.49%	4.7%	-8.57%	7.33%	4.84%	11.32%	9.51%	8.91%
Debt / Equity	0.67x	0.58x	0.78x	0.94x	1.48x	1.14x	1.48x	0.97x	0.72x	0.66x
Interest Coverage	4.63x	6.34x	2.89x	5.19x	2.83x	9.27x	6.95x	5.84x	7.58x	8.17x
FCF Conversion	2.59x	1.41x	-2.65x	2.30x	-1.68x	1.03x	0.48x	1.34x	1.82x	2.01x
Revenue Growth	-16.05%	12.69%	19.32%	2.93%	-21.67%	30.41%	26.75%	-9.03%	1.6%	-7.04%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Reinforcement Materials	-	-	-	-	-	1.78B	2.58B	2.56B	2.61B	2.34B
Reinforcement Materials Growth	-	-	-	-	-	-	44.58%	-0.47%	1.83%	-10.31%
Performance Chemicals	-	-	-	-	-	1.15B	1.37B	1.23B	1.25B	1.25B
Performance Chemicals Growth	-	-	-	-	-	-	19.51%	-10.71%	2.04%	0.00%
Purification Solutions	-	-	-	-	-	257M	97M	-	-	-
Purification Solutions Growth	-	-	-	-	-	-	-62.26%	-	-	-
Shipping And Handling	88M	95M	105M	130M	113M	-	-	-	-	-
Shipping And Handling Growth	-	7.95%	10.53%	23.81%	-13.08%	-	-	-	-	-
Product	-	-	-	76M	62M	-	-	-	-	-
Product Growth	-	-	-	-	-18.42%	-	-	-	-	-
Other Products And Services	13M	11M	11M	-13M	-3M	-	-	-	-	-
Other Products And Services Growth	-	-15.38%	0.00%	-218.18%	76.92%	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Asia Pacific	-	-	-	-	-	1.26B	1.59B	1.49B	1.52B	1.4B
Asia Pacific Growth	-	-	-	-	-	-	25.47%	-6.31%	2.36%	-7.89%
Americas	-	-	-	-	-	1.12B	1.52B	1.43B	1.43B	1.32B
Americas Growth	-	-	-	-	-	-	35.57%	-6.06%	0.63%	-8.16%
EMEA	-	-	-	-	-	-	-	877M	905M	873M
EMEA Growth	-	-	-	-	-	-	-	-	3.19%	-3.54%
E M E A	-	-	-	-	-	803M	941M	-	-	-
E M E A Growth	-	-	-	-	-	-	17.19%	-	-	-
Other Foreign Countries	1.16B	1.34B	1.81B	1.9B	1.44B	-	-	-	-	-
Other Foreign Countries Growth	-	15.06%	35.68%	4.58%	-24.35%	-	-	-	-	-
CHINA	482M	573M	752M	738M	598M	-	-	-	-	-
CHINA Growth	-	18.88%	31.24%	-1.86%	-18.97%	-	-	-	-	-
UNITED STATES	605M	645M	676M	702M	581M	-	-	-	-	-
UNITED STATES Growth	-	6.61%	4.81%	3.85%	-17.24%	-	-	-	-	-
NETHERLANDS	162M	162M	-	-	-	-	-	-	-	-
NETHERLANDS Growth	-	0.00%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Cabot Corporation (CBT) has a price-to-earnings (P/E) ratio of 12.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Cabot Corporation (CBT) reported $3.71B in revenue for fiscal year 2025. This represents a 13% increase from $3.30B in 2012.

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

Yes, Cabot Corporation (CBT) is profitable, generating $331.0M in net income for fiscal year 2025 (8.9% net margin).

Dividend & Returns

Yes, Cabot Corporation (CBT) pays a dividend with a yield of 2.41%. 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 $391.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Cabot Corporation (CBT) 10-Year Financial Performance & Capital Metrics

CBT • • Industrial / General

Basic MaterialsSpecialty ChemicalsCatalysts & Process ChemicalsRefining & Petrochemical Catalysts

Revenue $3.71B -7.0%
EBITDA $775M +1.3%
Net Income $331M -12.9%
EPS (Diluted) 6.02 -10.4%
Gross Margin 25.32% +5.3%
EBITDA Margin 20.87% +9.0%
Operating Margin 16.73% +8.8%
Net Margin 8.91% -6.3%
ROE 20.09% -20.8%
ROIC 18.32% +0.2%
Debt/Equity 0.66 -7.6%
Interest Coverage 8.17 +7.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 27.3%
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 2.4%
✓Share count reduced 2.7% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.6%

5Y7.27%

3Y-4.93%

TTM-6.97%

Profit (Net Income) CAGR

10Y-

5Y-

3Y16.56%

TTM-18.27%

EPS CAGR

10Y-

5Y-

3Y18.48%

TTM-16.27%

ROCE

10Y Avg14.84%

5Y Avg20.1%

3Y Avg20.98%

Latest21.33%

Peer Comparison

Refining & Petrochemical Catalysts

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IOSPInnospec Inc.	2.03B	81.89	57.67	-5.31%	-0.07%	-0.09%	7.05%	0.04
MTXMinerals Technologies Inc.	2.11B	67.64	13.08	-2.37%	-0.08%	-0.09%	6.98%	0.57
CBTCabot Corporation	3.89B	73.56	12.22	-7.04%	8.91%	19.67%	10.05%	0.66
SSLSasol Limited	4.51B	7.15	0.68	-9.46%	-7.15%	-23.8%	100%	0.77
ALBAlbemarle Corporation	20.45B	173.78	-15.52	-44.08%	-0.43%	-0.21%		0.35
ECVTEcovyst Inc.	1.23B	10.79	-179.83	1.94%	-14.33%	-17.66%	6.58%	1.28

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	2.41B	2.72B	3.24B	3.34B	2.61B	3.41B	4.32B	3.93B	3.99B	3.71B
Revenue Growth %	-0.16%	0.13%	0.19%	0.03%	-0.22%	0.3%	0.27%	-0.09%	0.02%	-0.07%
Cost of Goods Sold+	1.83B	2.06B	2.46B	2.65B	2.11B	2.61B	3.44B	3.09B	3.03B	2.77B
COGS % of Revenue	0.76%	0.76%	0.76%	0.79%	0.81%	0.77%	0.8%	0.79%	0.76%	0.75%
Gross Profit+	578M	652M	781M	685M	500M	799M	885M	839M	960M	940M
Gross Margin %	0.24%	0.24%	0.24%	0.21%	0.19%	0.23%	0.2%	0.21%	0.24%	0.25%
Gross Profit Growth %	-0.02%	0.13%	0.2%	-0.12%	-0.27%	0.6%	0.11%	-0.05%	0.14%	-0.02%
Operating Expenses+	328M	316M	371M	350M	349M	345M	496M	313M	346M	319M
OpEx % of Revenue	0.14%	0.12%	0.11%	0.1%	0.13%	0.1%	0.11%	0.08%	0.09%	0.09%
Selling, General & Admin	275M	260M	305M	290M	292M	289M	258M	253M	283M	260M
SG&A % of Revenue	0.11%	0.1%	0.09%	0.09%	0.11%	0.08%	0.06%	0.06%	0.07%	0.07%
Research & Development	53M	56M	66M	60M	57M	56M	55M	57M	63M	59M
R&D % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.02%	0.02%
Other Operating Expenses	0	0	0	-1M	0	0	183M	3M	0	0
Operating Income+	250M	336M	156M	306M	150M	454M	389M	526M	614M	621M
Operating Margin %	0.1%	0.12%	0.05%	0.09%	0.06%	0.13%	0.09%	0.13%	0.15%	0.17%
Operating Income Growth %	5.58%	0.34%	-0.54%	0.96%	-0.51%	2.03%	-0.14%	0.35%	0.17%	0.01%
EBITDA+	411M	491M	305M	454M	308M	614M	535M	670M	765M	775M
EBITDA Margin %	0.17%	0.18%	0.09%	0.14%	0.12%	0.18%	0.12%	0.17%	0.19%	0.21%
EBITDA Growth %	0.86%	0.19%	-0.38%	0.49%	-0.32%	0.99%	-0.13%	0.25%	0.14%	0.01%
D&A (Non-Cash Add-back)	161M	155M	149M	148M	158M	160M	146M	144M	151M	154M
EBIT	245M	344M	171M	314M	20M	455M	391M	541M	610M	640M
Net Interest Income+	-49M	-44M	-44M	-50M	-45M	-41M	-45M	-59M	-49M	-49M
Interest Income	5M	9M	10M	9M	8M	8M	11M	31M	32M	27M
Interest Expense	54M	53M	54M	59M	53M	49M	56M	90M	81M	76M
Other Income/Expense	-56M	-32M	-27M	-51M	-54M	-45M	-44M	-70M	-79M	-49M
Pretax Income+	194M	288M	117M	255M	-33M	409M	345M	456M	535M	572M
Pretax Margin %	0.08%	0.11%	0.04%	0.08%	-0.01%	0.12%	0.08%	0.12%	0.13%	0.15%
Income Tax+	34M	29M	193M	70M	191M	123M	102M	-28M	111M	-196M
Effective Tax Rate %	0.77%	0.84%	-0.97%	0.62%	6.79%	0.61%	0.61%	0.98%	0.71%	0.58%
Net Income+	149M	241M	-113M	157M	-224M	250M	209M	445M	380M	331M
Net Margin %	0.06%	0.09%	-0.03%	0.05%	-0.09%	0.07%	0.05%	0.11%	0.1%	0.09%
Net Income Growth %	1.45%	0.62%	-1.47%	2.39%	-2.43%	2.12%	-0.16%	1.13%	-0.15%	-0.13%
Net Income (Continuing)	160M	273M	-74M	186M	-221M	286M	243M	484M	424M	376M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	98M	121M	125M	136M	123M	143M	134M	143M	165M	155M
EPS (Diluted)+	2.36	3.81	-1.83	2.67	-3.96	4.34	3.62	7.73	6.72	6.02
EPS Growth %	1.45%	0.61%	-1.48%	2.46%	-2.48%	2.1%	-0.17%	1.14%	-0.13%	-0.1%
EPS (Basic)	2.40	3.89	-1.87	2.67	-3.96	4.41	3.72	8.06	7.00	6.16
Diluted Shares Outstanding	62.9M	62.7M	61.7M	58.8M	56.6M	56.8M	56.9M	56.5M	55.7M	54.2M
Basic Shares Outstanding	62.21M	61.88M	60.37M	58.7M	56.53M	56.73M	56.25M	55.24M	54.3M	53.7M
Dividend Payout Ratio	0.44%	0.32%	-	0.51%	-	0.32%	0.4%	0.2%	0.24%	0.29%

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	1.12B	1.26B	1.39B	1.21B	978M	1.43B	1.82B	1.63B	1.6B	1.54B
Cash & Short-Term Investments	200M	280M	175M	169M	151M	168M	206M	238M	223M	258M
Cash Only	200M	280M	175M	169M	151M	168M	206M	238M	223M	258M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	456M	527M	637M	530M	418M	645M	836M	695M	733M	671M
Days Sales Outstanding	69.03	70.8	71.72	57.97	58.37	69.06	70.62	64.53	66.99	65.96
Inventory	348M	396M	511M	466M	359M	523M	664M	585M	552M	504M
Days Inventory Outstanding	69.3	70	75.79	64.14	61.98	73.14	70.54	69.06	66.41	66.34
Other Current Assets	0	0	0	0	0	0	0	108M	0	0
Total Non-Current Assets+	2.04B	2.05B	1.86B	1.79B	1.8B	1.88B	1.71B	1.98B	2.13B	2.28B
Property, Plant & Equipment	1.29B	1.3B	1.3B	1.35B	1.31B	1.38B	1.27B	1.41B	1.53B	0
Fixed Asset Turnover	1.87x	2.08x	2.50x	2.48x	1.99x	2.48x	3.40x	2.78x	2.60x	-
Goodwill	152M	154M	93M	90M	134M	140M	129M	134M	133M	134M
Intangible Assets	140M	137M	98M	96M	103M	100M	63M	60M	53M	55M
Long-Term Investments	53M	56M	52M	39M	39M	40M	20M	20M	23M	16M
Other Non-Current Assets	134M	150M	185M	58M	160M	172M	178M	172M	388M	2.07B
Total Assets+	3.16B	3.31B	3.24B	3B	2.78B	3.31B	3.52B	3.6B	3.74B	3.81B
Asset Turnover	0.76x	0.82x	1.00x	1.11x	0.94x	1.03x	1.23x	1.09x	1.07x	0.97x
Asset Growth %	0.03%	0.05%	-0.02%	-0.07%	-0.07%	0.19%	0.07%	0.02%	0.04%	0.02%
Total Current Liabilities+	421M	741M	952M	599M	529M	1.15B	1.1B	822M	772M	957M
Accounts Payable	259M	339M	446M	390M	316M	480M	533M	438M	676M	648M
Days Payables Outstanding	51.57	59.92	66.15	53.68	54.56	67.13	56.62	51.7	81.33	85.29
Short-Term Debt	8M	263M	284M	40M	21M	445M	354M	182M	53M	274M
Deferred Revenue (Current)	-1000K	-1000K	1000K	0	0	0	0	0	0	0
Other Current Liabilities	25M	22M	26M	118M	46M	75M	66M	55M	43M	0
Current Ratio	2.65x	1.70x	1.46x	2.02x	1.85x	1.24x	1.65x	1.98x	2.08x	1.61x
Quick Ratio	1.82x	1.17x	0.92x	1.24x	1.17x	0.79x	1.05x	1.27x	1.36x	1.08x
Cash Conversion Cycle	86.76	80.87	81.36	68.43	65.79	75.07	84.53	81.88	52.07	47.01
Total Non-Current Liabilities+	1.36B	970M	1.01B	1.27B	1.44B	1.07B	1.39B	1.38B	1.37B	1.15B
Long-Term Debt	918M	661M	719M	1.02B	1.09B	717M	1.09B	1.09B	1.09B	856M
Capital Lease Obligations	0	0	10M	9M	89M	84M	83M	84M	0	0
Deferred Tax Liabilities	139M	38M	42M	41M	58M	73M	65M	50M	42M	39M
Other Non-Current Liabilities	348M	253M	284M	238M	197M	195M	151M	147M	245M	258M
Total Liabilities	1.79B	1.71B	1.97B	1.87B	1.97B	2.22B	2.49B	2.2B	2.15B	2.11B
Total Debt+	926M	924M	1B	1.06B	1.2B	1.25B	1.53B	1.36B	1.14B	1.13B
Net Debt	726M	644M	828M	895M	1.05B	1.08B	1.32B	1.12B	917M	872M
Debt / Equity	0.67x	0.58x	0.78x	0.94x	1.48x	1.14x	1.48x	0.97x	0.72x	0.66x
Debt / EBITDA	2.25x	1.88x	3.29x	2.34x	3.91x	2.03x	2.85x	2.03x	1.49x	1.46x
Net Debt / EBITDA	1.77x	1.31x	2.71x	1.97x	3.42x	1.76x	2.47x	1.67x	1.20x	1.13x
Interest Coverage	4.63x	6.34x	2.89x	5.19x	2.83x	9.27x	6.95x	5.84x	7.58x	8.17x
Total Equity+	1.37B	1.6B	1.28B	1.13B	814M	1.09B	1.03B	1.41B	1.59B	1.71B
Equity Growth %	0.02%	0.17%	-0.2%	-0.11%	-0.28%	0.34%	-0.05%	0.36%	0.13%	0.07%
Book Value per Share	21.81	25.53	20.73	19.29	14.38	19.19	18.14	24.90	28.55	31.46
Total Shareholders' Equity	1.27B	1.48B	1.15B	998M	691M	947M	898M	1.26B	1.43B	1.55B
Common Stock	62M	62M	61M	57M	57M	57M	56M	55M	54M	-3M
Retained Earnings	1.54B	1.68B	1.42B	1.34B	989M	1.16B	1.28B	1.57B	1.73B	1.83B
Treasury Stock	-7M	-6M	-7M	-5M	-4M	-4M	-4M	-3M	-3M	-3M
Accumulated OCI	-325M	-259M	-317M	-391M	-351M	-289M	-439M	-362M	-360M	-335M
Minority Interest	98M	121M	125M	136M	123M	143M	134M	143M	165M	155M

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	386M	340M	299M	361M	377M	257M	100M	595M	692M	665M
Operating CF Margin %	0.16%	0.13%	0.09%	0.11%	0.14%	0.08%	0.02%	0.15%	0.17%	0.18%
Operating CF Growth %	-0.21%	-0.12%	-0.12%	0.21%	0.04%	-0.32%	-0.61%	4.95%	0.16%	-0.04%
Net Income	164M	266M	-74M	186M	-221M	286M	243M	484M	424M	376M
Depreciation & Amortization	161M	155M	149M	148M	158M	160M	146M	144M	151M	154M
Stock-Based Compensation	17M	16M	22M	11M	9M	21M	23M	20M	25M	24M
Deferred Taxes	-35M	-35M	91M	-27M	130M	9M	-40M	-156M	-37M	32M
Other Non-Cash Items	34M	-11M	240M	25M	139M	25M	176M	3M	59M	30M
Working Capital Changes	45M	-51M	-129M	18M	162M	-244M	-448M	100M	70M	49M
Change in Receivables	43M	-23M	-110M	73M	-59M	7M	-287M	56M	-26M	76M
Change in Inventory	51M	-50M	-105M	27M	114M	-174M	-259M	96M	41M	47M
Change in Payables	-27M	91M	122M	-75M	-55M	167M	115M	-152M	42M	-67M
Cash from Investing+	-98M	-149M	-246M	-94M	-288M	-186M	-118M	-214M	-235M	-298M
Capital Expenditures	-112M	-147M	-229M	-224M	-200M	-195M	-211M	-244M	-241M	-274M
CapEx % of Revenue	0.05%	0.05%	0.07%	0.07%	0.08%	0.06%	0.05%	0.06%	0.06%	0.07%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	14M	-2M	47M	-2M	4M	101M	23M	24M	6M	-24M
Cash from Financing+	-184M	-125M	-141M	-234M	-132M	-60M	145M	-403M	-415M	-336M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-65M	-77M	-80M	-80M	-80M	-80M	-84M	-88M	-93M	-96M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-6M	-14M	246M	-23M	-23M	-19M	-22M	-42M	-27M	-57M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	274M	193M	70M	137M	177M	62M	-111M	351M	451M	391M
FCF Margin %	0.11%	0.07%	0.02%	0.04%	0.07%	0.02%	-0.03%	0.09%	0.11%	0.11%
FCF Growth %	-0.21%	-0.3%	-0.64%	0.96%	0.29%	-0.65%	-2.79%	4.16%	0.28%	-0.13%
FCF per Share	4.36	3.08	1.13	2.33	3.13	1.09	-1.95	6.21	8.10	7.21
FCF Conversion (FCF/Net Income)	2.59x	1.41x	-2.65x	2.30x	-1.68x	1.03x	0.48x	1.34x	1.82x	2.01x
Interest Paid	51M	48M	47M	47M	48M	41M	46M	85M	82M	79M
Taxes Paid	66M	69M	84M	99M	71M	93M	129M	140M	136M	165M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	10.98%	16.21%	-7.85%	13.01%	-23%	26.26%	19.7%	36.49%	25.36%	20.09%
Return on Invested Capital (ROIC)	8.61%	11.6%	5.38%	11.1%	5.78%	16.88%	12.91%	16.16%	18.29%	18.32%
Gross Margin	23.97%	24%	24.09%	20.53%	19.13%	23.44%	20.48%	21.34%	24.04%	25.32%
Net Margin	6.18%	8.87%	-3.49%	4.7%	-8.57%	7.33%	4.84%	11.32%	9.51%	8.91%
Debt / Equity	0.67x	0.58x	0.78x	0.94x	1.48x	1.14x	1.48x	0.97x	0.72x	0.66x
Interest Coverage	4.63x	6.34x	2.89x	5.19x	2.83x	9.27x	6.95x	5.84x	7.58x	8.17x
FCF Conversion	2.59x	1.41x	-2.65x	2.30x	-1.68x	1.03x	0.48x	1.34x	1.82x	2.01x
Revenue Growth	-16.05%	12.69%	19.32%	2.93%	-21.67%	30.41%	26.75%	-9.03%	1.6%	-7.04%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Reinforcement Materials	-	-	-	-	-	1.78B	2.58B	2.56B	2.61B	2.34B
Reinforcement Materials Growth	-	-	-	-	-	-	44.58%	-0.47%	1.83%	-10.31%
Performance Chemicals	-	-	-	-	-	1.15B	1.37B	1.23B	1.25B	1.25B
Performance Chemicals Growth	-	-	-	-	-	-	19.51%	-10.71%	2.04%	0.00%
Purification Solutions	-	-	-	-	-	257M	97M	-	-	-
Purification Solutions Growth	-	-	-	-	-	-	-62.26%	-	-	-
Shipping And Handling	88M	95M	105M	130M	113M	-	-	-	-	-
Shipping And Handling Growth	-	7.95%	10.53%	23.81%	-13.08%	-	-	-	-	-
Product	-	-	-	76M	62M	-	-	-	-	-
Product Growth	-	-	-	-	-18.42%	-	-	-	-	-
Other Products And Services	13M	11M	11M	-13M	-3M	-	-	-	-	-
Other Products And Services Growth	-	-15.38%	0.00%	-218.18%	76.92%	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Asia Pacific	-	-	-	-	-	1.26B	1.59B	1.49B	1.52B	1.4B
Asia Pacific Growth	-	-	-	-	-	-	25.47%	-6.31%	2.36%	-7.89%
Americas	-	-	-	-	-	1.12B	1.52B	1.43B	1.43B	1.32B
Americas Growth	-	-	-	-	-	-	35.57%	-6.06%	0.63%	-8.16%
EMEA	-	-	-	-	-	-	-	877M	905M	873M
EMEA Growth	-	-	-	-	-	-	-	-	3.19%	-3.54%
E M E A	-	-	-	-	-	803M	941M	-	-	-
E M E A Growth	-	-	-	-	-	-	17.19%	-	-	-
Other Foreign Countries	1.16B	1.34B	1.81B	1.9B	1.44B	-	-	-	-	-
Other Foreign Countries Growth	-	15.06%	35.68%	4.58%	-24.35%	-	-	-	-	-
CHINA	482M	573M	752M	738M	598M	-	-	-	-	-
CHINA Growth	-	18.88%	31.24%	-1.86%	-18.97%	-	-	-	-	-
UNITED STATES	605M	645M	676M	702M	581M	-	-	-	-	-
UNITED STATES Growth	-	6.61%	4.81%	3.85%	-17.24%	-	-	-	-	-
NETHERLANDS	162M	162M	-	-	-	-	-	-	-	-
NETHERLANDS Growth	-	0.00%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Cabot Corporation (CBT) has a price-to-earnings (P/E) ratio of 12.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Cabot Corporation (CBT) reported $3.71B in revenue for fiscal year 2025. This represents a 13% increase from $3.30B in 2012.

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

Yes, Cabot Corporation (CBT) is profitable, generating $331.0M in net income for fiscal year 2025 (8.9% net margin).

Dividend & Returns

Yes, Cabot Corporation (CBT) pays a dividend with a yield of 2.41%. 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 $391.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.