Revenue growth remains highly inconsistent, with quarterly year-over-year performance oscillating between a 15.9% contraction and a 23.3% expansion, while gross margins collapsed to 0.9% in 2026Q1.
| Sales/Revenue | 1.55B | 1.52B | 1.52B | 1.53B | 1.95B | 1.68B | 1.16B | 1.3B | 1.51B | 1.48B | 1.19B | 1.33B | 1.79B |
| Revenue Growth % | -0.63% | 0.31% | -1.05% | -21.18% | 15.49% | 45.49% | -10.75% | -14.36% | 2.7% | 23.81% | -10.37% | -25.75% | - |
| Cost of Goods Sold | 1.43B | 1.35B | 1.36B | 1.37B | 1.63B | 1.41B | 1.02B | 1.16B | 1.34B | 1.25B | 1.08B | 1.18B | 1.61B |
| COGS % of Revenue | - | 88.59% | 89.92% | 89.24% | 83.84% | 83.73% | 88.45% | 89.56% | 88.48% | 84.67% | 90.97% | 88.73% | 89.76% |
| Gross Profit | 115.27M | 173.64M | 152.94M | 165.09M | 314.48M | 274.12M | 133.75M | 135.47M | 174.49M | 226.18M | 107.63M | 149.76M | 183.34M |
| Gross Margin % | 7.44% | 11.41% | 10.08% | 10.76% | 16.16% | 16.27% | 11.55% | 10.44% | 11.52% | 15.33% | 9.03% | 11.27% | 10.24% |
| Gross Profit Growth % | - | 13.54% | -7.36% | -47.5% | 14.72% | 104.95% | -1.27% | -22.36% | -22.85% | 110.15% | -28.13% | -18.32% | - |
| Operating Expenses | 103.86M | 106.13M | 94.02M | 95.54M | 87.75M | 82.98M | 133.75M | 75.38M | 81.22M | 72.81M | 53.75M | 52.4M | 53.93M |
| OpEx % of Revenue | - | 6.97% | 6.2% | 6.23% | 4.51% | 4.93% | 11.55% | 5.81% | 5.36% | 4.94% | 4.51% | 3.94% | 3.01% |
| Selling, General & Admin | 103.86M | 97.42M | 94.02M | 95.54M | 87.75M | 82.98M | 70.87M | 75.38M | 81.22M | 72.81M | 53.75M | 52.4M | 53.93M |
| SG&A % of Revenue | - | 6.4% | 6.2% | 6.23% | 4.51% | 4.93% | 6.12% | 5.81% | 5.36% | 4.94% | 4.51% | 3.94% | 3.01% |
| Research & Development | 0 | 8.7M | 0 | 0 | 0 | 0 | 0 | 13.9M | 14.8M | 12.9M | 13.76M | 12.81M | 13M |
| R&D % of Revenue | - | 0.57% | - | - | - | - | - | 1.07% | 0.98% | 0.87% | 1.16% | 0.96% | 0.73% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 62.88M | -13.9M | -7.5M | -8.73M | -102K | 2.88M | 2.63M |
| Operating Income | 11.41M | 67.52M | 58.91M | 69.55M | 226.73M | 191.14M | 0 | 60.1M | 93.26M | 153.37M | 53.88M | 97.36M | 129.41M |
| Operating Margin % | 0.74% | 4.44% | 3.88% | 4.54% | 11.65% | 11.35% | - | 4.63% | 6.16% | 10.4% | 4.52% | 7.32% | 7.23% |
| Operating Income Growth % | - | 14.6% | -15.29% | -69.32% | 18.62% | - | -100% | -35.56% | -39.19% | 184.66% | -44.66% | -24.77% | - |
| EBITDA | 92.93M | 147.25M | 135.09M | 142.56M | 296.08M | 256.48M | 123.66M | 116.92M | 146.5M | 201.82M | 94.21M | 133.77M | 163.02M |
| EBITDA Margin % | 6% | 9.67% | 8.9% | 9.3% | 15.22% | 15.22% | 10.68% | 9.01% | 9.67% | 13.68% | 7.91% | 10.06% | 9.11% |
| EBITDA Growth % | -50% | 9.01% | -5.24% | -51.85% | 15.44% | 107.41% | 5.76% | -20.19% | -27.41% | 114.23% | -29.58% | -17.94% | - |
| D&A (Non-Cash Add-back) | 81.52M | 79.74M | 76.18M | 73.01M | 69.35M | 65.34M | 60.83M | 56.83M | 53.23M | 48.45M | 40.33M | 36.41M | 33.61M |
| EBIT | 12.91M | 67.52M | 56.89M | 76.71M | 228.57M | 190.14M | 62.83M | 58.8M | 93.26M | 154.39M | 54.19M | 100.24M | 132.05M |
| Net Interest Income | -9.37M | -8.48M | -11.31M | -7.49M | -2.78M | -5.02M | -7.79M | 0 | -7.49M | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 9.37M | 8.48M | 11.31M | 7.49M | 2.78M | 5.02M | 7.79M | - | 7.49M | 0 | 0 | 0 | 0 |
| Other Income/Expense | -6.59M | -13.08M | -13.34M | -327K | -940K | -6.02M | 55.03M | -6.75M | -7.5M | -9.76M | -102K | 2.88M | 2.63M |
| Pretax Income | 4.83M | 54.43M | 45.58M | 69.22M | 225.79M | 185.12M | 55.03M | 53.35M | 85.77M | 144.63M | 53.77M | 100.24M | 132.05M |
| Pretax Margin % | 0.31% | 3.58% | 3% | 4.51% | 11.61% | 10.99% | 4.75% | 4.11% | 5.66% | 9.8% | 4.51% | 7.54% | 7.38% |
| Income Tax | -5.57M | 5.14M | 1.43M | 14.6M | 53.91M | 45.33M | 8.96M | 12M | 19.52M | -2.07M | 19.63M | 36.46M | 48.19M |
| Effective Tax Rate % | -115.46% | 9.45% | 3.13% | 21.09% | 23.87% | 24.48% | 16.27% | 22.5% | 22.76% | -1.43% | 36.5% | 36.37% | 36.49% |
| Net Income | 10.4M | 49.29M | 44.15M | 54.62M | 171.89M | 139.79M | 46.08M | 41.35M | 66.24M | 146.7M | 34.15M | 63.78M | 83.86M |
| Net Margin % | 0.67% | 3.24% | 2.91% | 3.56% | 8.83% | 8.3% | 3.98% | 3.19% | 4.37% | 9.94% | 2.87% | 4.8% | 4.68% |
| Net Income Growth % | -87.75% | 11.64% | -19.18% | -68.22% | 22.96% | 203.39% | 11.44% | -37.58% | -54.84% | 329.61% | -46.46% | -23.95% | - |
| Net Income (Continuing) | 10.4M | 49.29M | 44.15M | 54.62M | 171.89M | 139.79M | 46.08M | 41.35M | 66.24M | 146.7M | 34.15M | 63.78M | 83.86M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.39 | 1.80 | 1.62 | 1.95 | 5.92 | 4.81 | 1.64 | 1.43 | 2.14 | 4.72 | 1.12 | 2.08 | 2.74 |
| EPS Growth % | -88.15% | 11.11% | -16.92% | -67.06% | 23.08% | 193.29% | 14.69% | -33.18% | -54.66% | 321.43% | -46.15% | -24.09% | - |
| EPS (Basic) | - | 1.83 | 1.65 | 2.00 | 6.15 | 4.97 | 1.64 | 1.47 | 2.20 | 4.81 | 1.12 | 2.08 | 2.74 |
| Diluted Shares Outstanding | 26.98M | 27.33M | 27.25M | 28.01M | 29.03M | 29.05M | 28.16M | 28.9M | 30.98M | 31.09M | 30.5M | 30.62M | 30.62M |
| Basic Shares Outstanding | 26.98M | 26.9M | 26.83M | 27.3M | 27.97M | 28.15M | 28.05M | 28.12M | 30.17M | 30.48M | 30.48M | 30.48M | 30.49M |
| Dividend Payout Ratio | - | 34.85% | 38.81% | 30.49% | 8.77% | 2.52% | - | - | - | - | 788.79% | - | - |
Single-site operational concentration
As evidenced by the most recent quarterly data, AdvanSix's revenue trajectory remains highly inconsistent, with year-over-year growth fluctuating between a 15.9% contraction and a 23.3% expansion, reflecting the company's sensitivity to North American industrial and agricultural cycles rather than sustained organic growth momentum.
The revenue profile suggests a business heavily tethered to commodity-linked demand, where seasonal agricultural peaks often mask underlying volume weakness in the nylon resin segment. Investors should monitor whether the recent 7.0% growth in 2026Q1 represents a durable recovery or merely a temporary rebound from prior-year troughs.
Based on reported financial statements, AdvanSix's gross margin has experienced significant volatility, collapsing to 0.9% in 2026Q1 from a peak of 17.9% in 2024Q2, which highlights the company's limited pricing power when faced with unfavorable raw material spreads and plant utilization headwinds.
The sharp contraction in margins suggests that the Hopewell facility's integrated cost advantage is insufficient to protect profitability during periods of input cost inflation. This sensitivity implies that the company remains a price-taker in global chemical markets, making margin stability highly dependent on external commodity price environments.
According to the income statement, AdvanSix demonstrates extreme operating leverage sensitivity, as evidenced by the swing from a $56.9M operating profit in 2024Q2 to a $18.7M operating loss in 2026Q1, indicating that fixed costs are not scaling efficiently with current revenue levels.
The inability to maintain positive operating margins during revenue downturns suggests a high-fixed-cost structure that requires consistent, high-volume throughput to achieve profitability. This operational profile warrants further investigation into whether management can optimize SG&A expenses to mitigate the impact of cyclical revenue declines.
Analysis of the cost structure reveals that COGS consistently consumes the vast majority of revenue, with the company's reliance on the Hopewell site creating a rigid expense base that leaves little room for error when production volumes or chemical spreads deviate from historical norms.
The absence of R&D spending suggests a focus on maintaining existing infrastructure rather than innovation-led growth, which may limit long-term competitive positioning. Investors should monitor how planned maintenance turnarounds continue to distort quarterly cost figures and obscure the underlying efficiency of the core chemical production processes.
While the company's low debt-to-equity ratio provides a buffer, the persistent net losses observed in recent quarters suggest that the current business model may be fundamentally ill-equipped to handle prolonged periods of margin compression in the global nylon and fertilizer markets.
Short-term volatility in net income, which has frequently dipped into negative territory, raises concerns regarding the sustainability of the current capital allocation strategy. The market may be underestimating the risk that the Hopewell facility's aging infrastructure could require significant, non-discretionary capital outlays that further strain cash flow.
Quick answers to the most common questions about buying ASIX stock.
For fiscal year 2025, AdvanSix Inc. (ASIX) reported total revenue of $1.52B. This represents a 15.0% decline compared to $1.79B in 2014.
AdvanSix Inc. (ASIX) is profitable, generating $49.3M in net income for the fiscal year ending 2025 with a net profit margin of 3.2%.
AdvanSix Inc. (ASIX) reported an operating income of $67.5M, resulting in an operating profit margin of 4.4%. This margin reflects the operational efficiency of the business before interest and taxes.
AdvanSix Inc. (ASIX) generated $173.6M in gross profit for the year, representing a gross profit margin of 11.4%. This demonstrates the company's core pricing power and production efficiency.