Ashland Inc. (ASH) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ASH Revenue Growth
Revenue Breakdown (FY 2025)
ASH's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ASH Revenue Analysis (2014–2025)
As of May 6, 2026, Ashland Inc. (ASH) generated trailing twelve-month (TTM) revenue of $1.81 billion, reflecting modest growth of +0.6% year-over-year. The most recent quarter (Q2 2026) recorded $482.0 million in revenue, up 24.9% sequentially.
Looking at the longer-term picture, ASH's 5-year compound annual growth rate (CAGR) stands at -2.0%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $6.12 billion in 2014.
Revenue diversification analysis shows ASH's business is primarily driven by Specialty Additives (33%), Life Sciences (32%), and Personal Care And Household (26%).
When compared to Basic Materials sector peers including RPM (+3.2% YoY), IFF (-5.6% YoY), and FUL (-2.7% YoY), ASH has underperformed the peer group in terms of revenue growth. Compare ASH vs RPM →
ASH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ASHCurrent | $1.8B | +0.6% | -2.0% | -42.5% | |
 RPM | $7.4B | +3.2% | +6.0% | 12.3% | |
 IFF | $10.9B | -5.6% | +16.5% | 9.2% | |
 FUL | $3.5B | -2.7% | +4.5% | 11.5% | |
 AVNT | $3.3B | +0.6% | +0.1% | 6.2% | |
 BCPC | $1.0B | +9.6% | +8.1% | 21.1% |
ASH Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.82B | -13.7% | $549.0M | 30.1% | $-775,000,000 | -42.5% |
| 2024 | $2.11B | -3.6% | $618.0M | 29.2% | $-26,000,000 | -1.2% |
| 2023 | $2.19B | -8.4% | $668.0M | 30.5% | $172.0M | 7.9% |
| 2022 | $2.39B | +13.3% | $830.0M | 34.7% | $333.0M | 13.9% |
| 2021 | $2.11B | +4.7% | $670.0M | 31.7% | $192.0M | 9.1% |
| 2020 | $2.02B | -6.1% | $599.0M | 29.7% | $-461,000,000 | -22.9% |
| 2019 | $2.15B | -17.0% | $651.0M | 30.3% | $86.0M | 4.0% |
| 2018 | $2.59B | +12.1% | $863.0M | 33.3% | $102.0M | 3.9% |
| 2017 | $2.31B | -23.5% | $729.0M | 31.6% | $49.0M | 2.1% |
| 2016 | $3.02B | -11.7% | $887.0M | 29.4% | $-50,000,000 | -1.7% |
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Start ComparisonASH — Frequently Asked Questions
Quick answers to the most common questions about buying ASH stock.
Is ASH's revenue growth accelerating or slowing?
ASH revenue growth slowed to +0.6%, below the 5-year CAGR of -2.0%. TTM revenue is $1.8B. The deceleration marks a shift from historical growth rates.
What is ASH's long-term revenue growth rate?
Ashland Inc.'s 5-year revenue CAGR of -2.0% reflects the variable expansion pattern. Current YoY growth of +0.6% is near this long-term average.
How is ASH's revenue distributed by segment?
ASH reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.