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Ashland Inc.(ASH)Earnings, Financials & Key Ratios
ASH•NYSE
Price updated Jun 19, 2026
SectorBasic MaterialsIndustrySpecialty ChemicalsSub-IndustrySpecialty additives and formulation chemicals
AboutAshland Inc. provides additives and specialty ingredients worldwide. It operates through Life Sciences; Personal Care & Household; Specialty Additives; and Intermediates and Solvents segments. The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives; and nutraceutical solutions comprising products for weight management, joint comfort, stomach and intestinal health, sports nutrition, and general wellness, as well as custom formulation, toll processing, and particle engineering solutions. The Personal Care & Household segment provides a range of nature-based, biodegradable, and performance ingredients; solutions for toothpastes, mouth washes and rinses, denture cleaning, and care for teeth; and household supplies nature-derived rheology ingredients, biodegradable surface wetting agents, performance encapsulates, and specialty polymers. The Specialty Additives segment offers rheology modifiers, foam control agents, surfactants and wetting agents, pH neutralizers, advanced ceramics used in catalytic converters, environmental filters, ingredients for the manufacturing of ceramic capacitors, plasma display panels and solar cells, ingredients for textile printing, thermoplastic metals, and alloys for welding. The Intermediates and Solvents segment produces 1,4 butanediol and related derivatives, including n-methylpyrrolidone. It offers its products to customers in a range of consumer and industrial markets, such as architectural coatings, construction, energy, food and beverage, nutraceuticals, personal care, and pharmaceutical. The company was formerly known as Ashland Global Holdings Inc. Ashland Inc. was founded in 1924 and is based in Wilmington, Delaware.Show more
- Revenue$1.82B-13.7%
- EBITDA-$538M-316.9%
- Net Income-$845M-600.0%
- EPS (Diluted)-18.37-643.5%
- Gross Margin30.1%+2.9%
- EBITDA Margin-29.5%-351.3%
- Operating Margin-42.49%-3353.0%
- Net Margin-46.33%-679.2%
- ROE-35.41%-725.0%
ASH Key Insights
Ashland Inc. (ASH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓16 consecutive years of dividend growth
- ✓Healthy dividend yield of 2.4%
- ✓Share count reduced 8.0% through buybacks
- ✓Trading near 52-week high
✗Weaknesses
- ✗Profits declining 10.7% over 5 years
- ✗Negative free cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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ASH Price & Volume
Ashland Inc. (ASH) stock price & volume — 10-year historical chart
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ASH Growth Metrics
Ashland Inc. (ASH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-6.09%
5 Years-1.98%
3 Years-8.63%
TTM-7.23%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-530.36%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-539.17%
Return on Capital
10 Years-0.95%
5 Years-0.97%
3 Years-4.66%
Last Year-16.59%
ASH Recent Earnings
Ashland Inc. (ASH) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
Apr 28, 2026Metric
Actual
Est
EPS
$0.91-6.2%
$0.97
Rev
$482M-0.7%
$486M
Q1 2026
Feb 2, 2026Metric
Actual
Est
EPS
$0.26+13.0%
$0.23
Rev
$386M-3.7%
$401M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$1.08-7.7%
$1.17
Rev
$478M+20.4%
$397M
Q3 2025
Jul 29, 2025Metric
Actual
Est
EPS
$1.04-9.6%
$1.15
Rev
$463M-4.1%
$483M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $0.91vs $0.97-6.2% | $482Mvs $486M-0.7% |
| Q1 2026 | Feb 2, 2026 | $0.26vs $0.23+13.0% | $386Mvs $401M-3.7% |
| Q4 2025 | Nov 4, 2025 | $1.08vs $1.17-7.7% | $478Mvs $397M+20.4% |
| Q3 2025 | Jul 29, 2025 | $1.04vs $1.15-9.6% | $463Mvs $483M-4.1% |
Based on last 12 quarters of dataView full earnings history →
ASH Peer Comparison
Ashland Inc. (ASH) competitors in Specialty additives and formulation chemicals — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 RPM | 13.83B | 108.00 | 20.19 | 0.51% | 8.79% | 21.29% | 1.03 | |
 IFF | 19.6B | 76.72 | -52.55 | -5.17% | 7.78% | 5.88% | 0.47 | |
 FUL | 3.51B | 64.86 | 23.59 | -2.67% | 4.38% | 7.59% | 1.01 | |
 AVNT | 3.45B | 37.66 | 42.31 | 0.61% | 4.81% | 6.6% | 0.81 | |
 BCPC | 5.31B | 165.92 | 34.93 | 8.75% | 14.95% | 12.38% | 0.15 | |
 IOSP | 2.04B | 82.73 | 17.72 | -3.65% | 6.38% | 8.64% | 0.07 | |
 EMN | 8.29B | 72.49 | 17.68 | -6.71% | 4.62% | 6.69% | 0.84 | |
 HUN | 2.1B | 12.07 | -7.59 | -5.85% | -5.69% | -8.14% | 0.92 |
Compare ASH vs Peers
Ashland Inc. (ASH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ASH Income Statement
Ashland Inc. (ASH) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 2.31B | 2.59B | 2.15B | 2.02B | 2.11B | 2.39B | 2.19B | 2.11B | 1.82B | 1.81B |
Revenue Growth % | -23.52% | 12.13% | -17.03% | -6.15% | 4.71% | 13.26% | -8.36% | -3.56% | -13.68% | -7.23% |
Cost of Goods Sold | 1.58B | 1.73B | 1.5B | 1.42B | 1.44B | 1.56B | 1.52B | 1.5B | 1.27B | 1.29B |
COGS % of Revenue | 68.43% | 66.67% | 69.69% | 70.29% | 68.26% | 65.29% | 69.51% | 70.75% | 69.9% | - |
Gross Profit | 729M▲ 0% | 863M▲ 18.4% | 651M▼ 24.6% | 599M▼ 8.0% | 670M▲ 11.9% | 830M▲ 23.9% | 668M▼ 19.5% | 618M▼ 7.5% | 549M▼ 11.2% | 518M▲ 0% |
Gross Margin % | 31.57% | 33.33% | 30.31% | 29.71% | 31.74% | 34.71% | 30.49% | 29.25% | 30.1% | 28.63% |
Gross Profit Growth % | -17.81% | 18.38% | -24.57% | -7.99% | 11.85% | 23.88% | -19.52% | -7.49% | -11.16% | - |
Operating Expenses | 680M | 761M | 565M | 1.06B | 478M | 497M | 496M | 644M | 1.32B | 1.12B |
OpEx % of Revenue | 29.45% | 29.39% | 26.3% | 52.58% | 22.64% | 20.79% | 22.64% | 30.48% | 72.59% | - |
Selling, General & Admin | 610M | 599M | 426M | 400M | 358M | 393M | 365M | 404M | 345M | 331M |
SG&A % of Revenue | 26.42% | 23.14% | 19.83% | 19.84% | 16.96% | 16.44% | 16.66% | 19.12% | 18.91% | - |
Research & Development | 83M | 73M | 58M | 56M | 50M | 55M | 51M | 55M | 54M | 53M |
R&D % of Revenue | 3.59% | 2.82% | 2.7% | 2.78% | 2.37% | 2.3% | 2.33% | 2.6% | 2.96% | - |
Other Operating Expenses | -3M | 89M | 81M | 604M | 70M | 49M | 80M | 185M | 925M | 2M |
Operating Income | 49M▲ 0% | 102M▲ 108.2% | 86M▼ 15.7% | -461M▼ 636.0% | 192M▲ 141.6% | 333M▲ 73.4% | 172M▼ 48.3% | -26M▼ 115.1% | -775M▼ 2880.8% | -614M▲ 0% |
Operating Margin % | 2.12% | 3.94% | 4% | -22.87% | 9.1% | 13.93% | 7.85% | -1.23% | -42.49% | -33.94% |
Operating Income Growth % | 198% | 108.16% | -15.69% | -636.05% | 141.65% | 73.44% | -48.35% | -115.12% | -2880.77% | - |
EBITDA | 351M | 379M | 363M | -226M | 436M | 574M | 415M | 248M | -538M | -430M |
EBITDA Margin % | 15.2% | 14.64% | 16.9% | -11.21% | 20.65% | 24.01% | 18.94% | 11.74% | -29.5% | -23.77% |
EBITDA Growth % | 38.19% | 7.98% | -4.22% | -162.26% | 292.92% | 31.65% | -27.7% | -40.24% | -316.94% | -741.79% |
D&A (Non-Cash Add-back) | 302M | 277M | 277M | 235M | 244M | 241M | 243M | 274M | 237M | 184M |
EBIT | 151M | 127M | 105M | -489M | 204M | 268M | 214M | 29M | -746M | -607M |
Net Interest Income | -240M | -116M | -116M | -90M | -72M | -62M | -45M | -43M | -58M | -44M |
Interest Income | 4M | 0 | 2M | 1M | 1M | 4M | 12M | 10M | 5M | 4M |
Interest Expense | 227M | 116M | 114M | 91M | 73M | 66M | 57M | 53M | 63M | 66M |
Other Income/Expense | -245M | -91M | -95M | -116M | -57M | -127M | -12M | 2M | -34M | -21M |
Pretax Income | -196M▲ 0% | 11M▲ 105.6% | -9M▼ 181.8% | -577M▼ 6311.1% | 135M▲ 123.4% | 206M▲ 52.6% | 160M▼ 22.3% | -24M▼ 115.0% | -809M▼ 3270.8% | -635M▲ 0% |
Pretax Margin % | -8.49% | 0.42% | -0.42% | -28.62% | 6.4% | 8.62% | 7.3% | -1.14% | -44.35% | -35.1% |
Income Tax | -16M | -8M | 30M | -22M | -38M | 25M | -8M | -223M | 13M | 50M |
Effective Tax Rate % | 8.16% | -72.73% | -333.33% | 3.81% | -28.15% | 12.14% | -5% | 929.17% | -1.61% | -7.87% |
Net Income | 1M▲ 0% | 114M▲ 11300.0% | 505M▲ 343.0% | -508M▼ 200.6% | 220M▲ 143.3% | 927M▲ 321.4% | 178M▼ 80.8% | 169M▼ 5.1% | -845M▼ 600.0% | -706M▲ 0% |
Net Margin % | 0.04% | 4.4% | 23.51% | -25.2% | 10.42% | 38.77% | 8.12% | 8% | -46.33% | -39.03% |
Net Income Growth % | 103.45% | 11300% | 342.98% | -200.59% | 143.31% | 321.36% | -80.8% | -5.06% | -600% | -530.36% |
Net Income (Continuing) | -180M | 19M | -39M | -555M | 173M | 181M | 168M | 199M | -822M | -684M |
Discontinued Operations | 208M | 95M | 544M | 47M | 47M | 746M | 10M | -30M | -23M | -1000K |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 0.02▲ 0% | 1.78▲ 10955.9% | 8.03▲ 351.1% | -8.39▼ 204.5% | 3.66▲ 143.6% | 16.41▲ 348.4% | 3.31▼ 79.8% | 3.38▲ 2.1% | -18.37▼ 643.5% | -15.35▲ 0% |
EPS Growth % | 103.5% | 10955.9% | 351.12% | -204.48% | 143.62% | 348.36% | -79.83% | 2.11% | -643.49% | -539.17% |
EPS (Basic) | 0.02 | 1.84 | 8.15 | -8.33 | 2.85 | 17.17 | 3.36 | 3.45 | -18.37 | - |
Diluted Shares Outstanding | 62M | 64M | 63M | 61M | 61M | 56M | 54M | 50M | 46M | 46M |
Basic Shares Outstanding | 62M | 62M | 63M | 61M | 78.01M | 54M | 53M | 49M | 46M | 46M |
Dividend Payout Ratio | 7700% | 52.63% | 12.67% | - | 31.82% | 7.55% | 42.7% | 46.15% | - | - |
ASH Balance Sheet
Ashland Inc. (ASH) balance sheet — assets, liabilities & shareholders' equity
| Metric | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 1.9B | 1.71B | 1.43B | 1.55B | 1.72B | 1.77B | 1.51B | 1.2B | 1.21B | 1.21B |
Cash & Short-Term Investments | 566M | 294M | 232M | 454M | 210M | 646M | 417M | 300M | 215M | 343M |
Cash Only | 566M | 294M | 232M | 454M | 210M | 646M | 417M | 300M | 215M | 343M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 612M | 681M | 481M | 436M | 369M | 402M | 338M | 243M | 242M | 244M |
Days Sales Outstanding | 96.74 | 96.01 | 81.73 | 78.94 | 63.8 | 61.37 | 56.31 | 41.98 | 48.43 | 42.17 |
Inventory | 634M | 663M | 597M | 506M | 473M | 629M | 626M | 545M | 568M | 506M |
Days Inventory Outstanding | 146.46 | 140.21 | 145.56 | 130.34 | 119.81 | 147.08 | 150.03 | 133.06 | 162.6 | 155.85 |
Other Current Assets | 91M | 74M | 123M | 165M | 665M | 91M | 125M | 107M | 180M | 116M |
Total Non-Current Assets | 6.71B | 6.54B | 5.82B | 5.33B | 4.89B | 4.45B | 4.43B | 4.45B | 3.41B | 3.29B |
Property, Plant & Equipment | 1.97B | 1.9B | 1.58B | 1.61B | 1.55B | 1.45B | 1.5B | 1.42B | 1.3B | 1.26B |
Fixed Asset Turnover | 1.17x | 1.36x | 1.36x | 1.25x | 1.36x | 1.65x | 1.47x | 1.49x | 1.40x | 1.41x |
Goodwill | 2.46B | 2.45B | 2.25B | 1.3B | 1.43B | 1.31B | 1.36B | 1.38B | 705M | 700M |
Intangible Assets | 1.32B | 1.23B | 1.09B | 1.02B | 1.11B | 969M | 892M | 757M | 563M | 529M |
Long-Term Investments | 32M | 8M | 6M | 5M | 4M | 3M | 3M | 3M | 424M | 845M |
Other Non-Current Assets | 901M | 931M | 871M | 1.37B | 774M | 696M | 659M | 682M | 253M | 640M |
Total Assets | 8.62B▲ 0% | 8.25B▼ 4.2% | 7.25B▼ 12.1% | 6.88B▼ 5.2% | 6.61B▼ 3.9% | 6.21B▼ 6.0% | 5.94B▼ 4.4% | 5.64B▼ 5.0% | 4.61B▼ 18.3% | 4.5B▲ 0% |
Asset Turnover | 0.27x | 0.31x | 0.30x | 0.29x | 0.32x | 0.38x | 0.37x | 0.37x | 0.40x | 0.40x |
Asset Growth % | -13.82% | -4.25% | -12.13% | -5.16% | -3.85% | -6.03% | -4.41% | -4.95% | -18.32% | -65.37% |
Total Current Liabilities | 968M | 1.07B | 757M | 813M | 934M | 553M | 456M | 490M | 423M | 395M |
Accounts Payable | 409M | 331M | 313M | 211M | 236M | 265M | 210M | 214M | 189M | 0 |
Days Payables Outstanding | 94.48 | 70 | 76.32 | 54.35 | 59.78 | 61.96 | 50.33 | 52.25 | 54.11 | 37.96 |
Short-Term Debt | 235M | 254M | 166M | 280M | 374M | 0 | 16M | 0 | 21M | 19M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 126M | 255M | 101M | 132M | 50M | 0 | 0 | 106M | 206M | 376M |
Current Ratio | 1.97x | 1.59x | 1.89x | 1.90x | 1.84x | 3.20x | 3.30x | 2.44x | 2.85x | 3.06x |
Quick Ratio | 1.31x | 0.98x | 1.10x | 1.28x | 1.33x | 2.06x | 1.93x | 1.33x | 1.51x | 1.78x |
Cash Conversion Cycle | 148.72 | 166.22 | 150.98 | 154.93 | 123.83 | 146.48 | 156.01 | 122.79 | 156.92 | 160.07 |
Total Non-Current Liabilities | 4.24B | 3.77B | 2.92B | 3.03B | 2.93B | 2.44B | 2.39B | 2.29B | 2.28B | 2.24B |
Long-Term Debt | 2.58B | 2.27B | 1.5B | 1.57B | 1.6B | 1.27B | 1.31B | 1.35B | 1.47B | 1.46B |
Capital Lease Obligations | 0 | 0 | 0 | 114M | 110M | 94M | 106M | 99M | 85M | 252M |
Deferred Tax Liabilities | 375M | 279M | 264M | 229M | 237M | 176M | 148M | 29M | 31M | 118M |
Other Non-Current Liabilities | 1.28B | 1.22B | 1.16B | 1.11B | 983M | 900M | 818M | 810M | 699M | 748M |
Total Liabilities | 5.21B | 4.85B | 3.68B | 3.84B | 3.86B | 2.99B | 2.84B | 2.78B | 2.71B | 2.63B |
Total Debt | 2.82B | 2.53B | 1.67B | 1.99B | 2.1B | 1.38B | 1.46B | 1.47B | 1.57B | 1.48B |
Net Debt | 2.25B | 2.23B | 1.44B | 1.53B | 1.89B | 737M | 1.04B | 1.17B | 1.36B | 1.14B |
Debt / Equity | 0.83x | 0.74x | 0.47x | 0.66x | 0.76x | 0.43x | 0.47x | 0.51x | 0.83x | 0.79x |
Debt / EBITDA | 8.03x | 6.67x | 4.59x | - | 4.82x | 2.41x | 3.51x | 5.92x | - | -3.44x |
Net Debt / EBITDA | 6.42x | 5.90x | 3.95x | - | 4.34x | 1.28x | 2.51x | 4.71x | - | -2.64x |
Interest Coverage | 0.67x | 1.09x | 0.92x | -5.37x | 2.79x | 4.06x | 3.75x | 0.55x | -11.84x | -9.20x |
Total Equity | 3.41B▲ 0% | 3.41B▲ 0.0% | 3.57B▲ 4.8% | 3.04B▼ 15.0% | 2.75B▼ 9.4% | 3.22B▲ 17.0% | 3.1B▼ 3.8% | 2.87B▼ 7.4% | 1.9B▼ 33.6% | 1.87B▲ 0% |
Equity Growth % | 7.61% | 0% | 4.84% | -14.98% | -9.35% | 17.01% | -3.82% | -7.39% | -33.61% | -125.1% |
Book Value per Share | 54.94 | 53.22 | 56.68 | 49.77 | 45.11 | 57.50 | 57.35 | 57.36 | 41.39 | 40.57 |
Total Shareholders' Equity | 3.41B | 3.41B | 3.57B | 3.04B | 2.75B | 3.22B | 3.1B | 2.87B | 1.9B | 1.87B |
Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 0 |
Retained Earnings | 2.7B | 2.75B | 3.22B | 2.65B | 2.8B | 3.65B | 3.6B | 3.31B | 2.3B | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -222M | -291M | -410M | -383M | -372M | -569M | -503M | -448M | -401M | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ASH Cash Flow Statement
Ashland Inc. (ASH) cash flow — operating, investing & free cash flow history
| Metric | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 383M | 297M | 241M | 203M | 560M | -213M | 243M | 411M | 94M | 414M |
Operating CF Margin % | 16.59% | 11.47% | 11.22% | 10.07% | 26.53% | -8.91% | 11.09% | 19.45% | 5.15% | - |
Operating CF Growth % | -43.51% | -22.45% | -18.86% | -15.77% | 175.86% | -138.04% | 214.08% | 69.14% | -77.13% | 5385.36% |
Net Income | 28M | 114M | 505M | -508M | 220M | 181M | 168M | 199M | -822M | -706M |
Depreciation & Amortization | 301M | 278M | 277M | 235M | 244M | 241M | 243M | 274M | 237M | 291M |
Stock-Based Compensation | 20M | 44M | 21M | 14M | 15M | 18M | 22M | 15M | 14M | 13M |
Deferred Taxes | -30M | -100M | 20M | -42M | -26M | -35M | -32M | -302M | 73M | 11M |
Other Non-Cash Items | 117M | -49M | -453M | 495M | 27M | -347M | -100M | -2M | 783M | 1.41B |
Working Capital Changes | -53M | 10M | -129M | 9M | 80M | -271M | -58M | 227M | -191M | 136M |
Change in Receivables | 0 | 0 | 0 | 2M | 72M | 72M | 58M | 96M | -3M | 0 |
Change in Inventory | 0 | 0 | 0 | 64M | 41M | 41M | -7M | 79M | -28M | 0 |
Change in Payables | 0 | 0 | 0 | 0 | 3M | 0 | 0 | 0 | -63M | 0 |
Cash from Investing | -1.12B | -202M | 849M | 8M | -381M | 1.56B | -109M | -51M | -3M | -93M |
Capital Expenditures | -199M | -157M | -154M | -133M | -105M | -113M | -170M | -137M | -98M | -71M |
CapEx % of Revenue | 8.62% | 6.06% | 7.17% | 6.6% | 4.97% | 4.73% | 7.76% | 6.48% | 5.37% | 3.92% |
Acquisitions | -662M | -7M | -2M | 9M | -304M | 0 | 0 | 26M | 16M | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -273M | -36M | 999M | 132M | 28M | 1.67B | 61M | 60M | 15M | -22M |
Cash from Financing | 119M | -368M | -1.15B | 9M | -426M | -896M | -371M | -479M | -179M | -180M |
Debt Issued (Net) | 243M | -296M | -875M | 93M | 107M | -615M | 16M | -16M | 0 | -100M |
Equity Issued (Net) | -15M | 0 | -200M | 0 | -450M | -200M | -300M | -380M | -100M | -2M |
Dividends Paid | -77M | -60M | -64M | -66M | -70M | -70M | -76M | -78M | -76M | -76M |
Share Repurchases | -15M | -10M | -200M | 0 | -450M | -200M | -300M | -380M | -100M | 0 |
Other Financing | -32M | -12M | -10M | -18M | -13M | -11M | -11M | -5M | -3M | -2M |
Net Change in Cash | -451M▲ 0% | -272M▲ 39.7% | -62M▲ 77.2% | 222M▲ 458.1% | -244M▼ 209.9% | 436M▲ 278.7% | -229M▼ 152.5% | -117M▲ 48.9% | -85M▲ 27.4% | 206M▲ 0% |
Free Cash Flow | 166M▲ 0% | 140M▼ 15.7% | 87M▼ 37.9% | 70M▼ 19.5% | 455M▲ 550.0% | -326M▼ 171.6% | 73M▲ 122.4% | 274M▲ 275.3% | -4M▼ 101.5% | 343M▲ 0% |
FCF Margin % | 7.19% | 5.41% | 4.05% | 3.47% | 21.55% | -13.63% | 3.33% | 12.97% | -0.22% | 18.96% |
FCF Growth % | -62.86% | -15.66% | -37.86% | -19.54% | 550% | -171.65% | 122.39% | 275.34% | -101.46% | 939.39% |
FCF per Share | 2.68 | 2.19 | 1.38 | 1.15 | 7.46 | -5.82 | 1.35 | 5.48 | -0.09 | 7.46 |
FCF Conversion (FCF/Net Income) | 383.00x | 2.61x | 0.48x | -0.40x | 2.55x | -0.23x | 1.37x | 2.43x | -0.11x | -0.49x |
Interest Paid | 132M | 126M | 124M | 77M | 62M | 56M | 53M | 52M | 54M | 0 |
Taxes Paid | 79M | 77M | 67M | 91M | 1M | 406M | 63M | 53M | 33M | 0 |
ASH Key Ratios
Ashland Inc. (ASH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 0.03% | 3.35% | 14.48% | -15.38% | 7.6% | 31.04% | 5.64% | 5.67% | -35.41% | -37.54% |
Return on Invested Capital (ROIC) | 0.71% | 1.35% | 1.21% | -7.22% | 3.13% | 5.81% | 3.19% | -0.48% | -15.92% | -14.76% |
Gross Margin | 31.57% | 33.33% | 30.31% | 29.71% | 31.74% | 34.71% | 30.49% | 29.25% | 30.1% | 28.63% |
Net Margin | 0.04% | 4.4% | 23.51% | -25.2% | 10.42% | 38.77% | 8.12% | 8% | -46.33% | -39.03% |
Debt / Equity | 0.83x | 0.74x | 0.47x | 0.66x | 0.76x | 0.43x | 0.47x | 0.51x | 0.83x | 0.79x |
Interest Coverage | 0.67x | 1.09x | 0.92x | -5.37x | 2.79x | 4.06x | 3.75x | 0.55x | -11.84x | -9.20x |
FCF Conversion | 383.00x | 2.61x | 0.48x | -0.40x | 2.55x | -0.23x | 1.37x | 2.43x | -0.11x | -0.49x |
Revenue Growth | -23.52% | 12.13% | -17.03% | -6.15% | 4.71% | 13.26% | -8.36% | -3.56% | -13.68% | -7.23% |
Related:ASH Dividend History·ASH Revenue History·ASH Price History·ASH P/E History·ASH Financial Ratios·ASH Institutional Holders
ASH SEC Filings & Documents
Ashland Inc. (ASH) SEC filings — annual & quarterly reports (10-K, 10-Q)
ASH Frequently Asked Questions
Ashland Inc. (ASH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Ashland Inc. (ASH) reported $1.81B in revenue for fiscal year 2025. This represents a 84% decrease from $11.33B in 1996.
Ashland Inc. (ASH) saw revenue decline by 13.7% over the past year.
Ashland Inc. (ASH) reported a net loss of $706.0M for fiscal year 2025.
Dividend & Returns
Yes, Ashland Inc. (ASH) pays a dividend with a yield of 2.43%. This makes it attractive for income-focused investors.
Ashland Inc. (ASH) has a return on equity (ROE) of -35.4%. Negative ROE indicates the company is unprofitable.
Ashland Inc. (ASH) generated $343.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.