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Innospec Inc. (IOSP) 10-Year Financial Performance & Capital Metrics

IOSP • • Industrial / General
Basic MaterialsSpecialty ChemicalsCatalysts & Process ChemicalsRefining & Petrochemical Catalysts
AboutInnospec Inc. develops, manufactures, blends, markets, and supplies specialty chemicals in the United States, rest of North America, the United Kingdom, rest of Europe, and internationally. The company's Fuel Specialties segment offers a range of specialty chemical products that are used as additives in various fuels. This segment's products are used in the operation of automotive, marine, and aviation engines; power station generators; and heating oil. Its Performance Chemicals segment provides technology-based solutions for its customers' processes or products that focuses on the personal care, home care, agrochemical, and metal extraction markets. The company's Oilfield Services segment develops and markets chemical solutions for fracturing, stimulation, and completion operations; and products for oil and gas production, as well as products to prevent loss of mud in drilling operations. It sells its products primarily to oil and gas exploration and production companies, oil refineries, fuel manufacturers and users, personal care and home care companies, formulators of agrochemical and metal extraction formulations, and other chemical and industrial companies. The company was formerly known as Octel Corp. and changed its name to Innospec Inc. in January 2006. Innospec Inc. was founded in 1938 and is headquartered in Englewood, Colorado.Show more
  • Revenue $1.85B -5.3%
  • EBITDA $221M +10.2%
  • Net Income $36M -74.4%
  • EPS (Diluted) 1.42 -74.5%
  • Gross Margin 29.42% -3.0%
  • EBITDA Margin 12% +16.4%
  • Operating Margin 9.64% +16.3%
  • Net Margin 1.93% -73.0%
  • ROE 3.01% -76.3%
  • ROIC 13.59% +8.2%
  • Debt/Equity 0.04 -6.1%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓11 consecutive years of dividend growth
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

  • ✗Profits declining 20.5% over 5 years
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Trading more than 30% below 52-week high

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

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.74%
5Y4.05%
3Y7.55%
TTM-4.49%

Profit (Net Income) CAGR

10Y-8.24%
5Y-20.51%
3Y-27.42%
TTM-100.83%

EPS CAGR

10Y-8.31%
5Y-20.74%
3Y-27.65%
TTM-101.18%

ROCE

10Y Avg12.28%
5Y Avg11.07%
3Y Avg13.78%
Latest13.18%

Peer Comparison

Refining & Petrochemical Catalysts
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
IOSPInnospec Inc.2.03B81.8957.67-5.31%-0.07%-0.09%7.05%0.04
MTXMinerals Technologies Inc.2.11B67.6413.08-2.37%-0.08%-0.09%6.98%0.57
CBTCabot Corporation3.89B73.5612.22-7.04%8.91%19.67%10.05%0.66
SSLSasol Limited4.51B7.150.68-9.46%-7.15%-23.8%100%0.77
ALBAlbemarle Corporation20.45B173.78-15.52-44.08%-0.43%-0.21%0.35
ECVTEcovyst Inc.1.23B10.79-179.831.94%-14.33%-17.66%6.58%1.28

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.01B883.4M1.31B1.48B1.51B1.19B1.48B1.96B1.95B1.85B
Revenue Growth %0.05%-0.13%0.48%0.13%0.02%-0.21%0.24%0.32%-0.01%-0.05%
Cost of Goods Sold+666.3M551.1M903.5M1.04B1.05B850.4M1.05B1.38B1.36B1.3B
COGS % of Revenue0.66%0.62%0.69%0.71%0.69%0.71%0.71%0.7%0.7%0.71%
Gross Profit+346M332.3M403.3M435M466.2M342.7M434.9M586.7M591.1M542.9M
Gross Margin %0.34%0.38%0.31%0.29%0.31%0.29%0.29%0.3%0.3%0.29%
Gross Profit Growth %0.15%-0.04%0.21%0.08%0.07%-0.26%0.27%0.35%0.01%-0.08%
Operating Expenses+232M234.9M270.9M294.4M316.3M309M302.8M399.4M429.5M365M
OpEx % of Revenue0.23%0.27%0.21%0.2%0.21%0.26%0.2%0.2%0.22%0.2%
Selling, General & Admin206.7M209.5M239.5M261M280.9M237M267.2M360.7M387.8M314M
SG&A % of Revenue0.2%0.24%0.18%0.18%0.19%0.2%0.18%0.18%0.2%0.17%
Research & Development25.3M25.4M31.4M33.4M35.4M30.9M37.4M38.7M41.7M47.8M
R&D % of Revenue0.02%0.03%0.02%0.02%0.02%0.03%0.03%0.02%0.02%0.03%
Other Operating Expenses0900K00041.1M-1.8M003.2M
Operating Income+156.3M105.4M129.7M133.5M149.9M33.7M132.1M187.3M161.6M177.9M
Operating Margin %0.15%0.12%0.1%0.09%0.1%0.03%0.09%0.1%0.08%0.1%
Operating Income Growth %0.39%-0.33%0.23%0.03%0.12%-0.78%2.92%0.42%-0.14%0.1%
EBITDA+191.5M143.1M185.3M189.2M200.9M79.7M174.8M227.4M200.9M221.4M
EBITDA Margin %0.19%0.16%0.14%0.13%0.13%0.07%0.12%0.12%0.1%0.12%
EBITDA Growth %0.35%-0.25%0.29%0.02%0.06%-0.6%1.19%0.3%-0.12%0.1%
D&A (Non-Cash Add-back)35.2M37.7M55.6M55.7M51M46M42.7M40.1M39.3M43.5M
EBIT156.3M106.3M136.3M138.5M155.2M41.5M130.3M187.3M161.6M181.1M
Net Interest Income+-4M-3.2M-8.2M-6.9M-4.8M-1.8M-1.5M-1.1M00
Interest Income0000000000
Interest Expense4M3.2M8.2M6.9M4.8M1.8M1.5M1.1M00
Other Income/Expense-4M-2.3M-4.3M-1.9M500K6M2.3M-2.7M12.8M-136.7M
Pretax Income+152.3M103.1M128.1M131.6M150.4M39.7M134.4M184.6M174.4M41.2M
Pretax Margin %0.15%0.12%0.1%0.09%0.1%0.03%0.09%0.09%0.09%0.02%
Income Tax+32.8M21.8M66.3M46.6M38.2M11M41.3M51.6M35.3M5.6M
Effective Tax Rate %0.78%0.79%0.48%0.65%0.75%0.72%0.69%0.72%0.8%0.86%
Net Income+119.5M81.3M61.8M85M112.2M28.7M93.1M133M139.1M35.6M
Net Margin %0.12%0.09%0.05%0.06%0.07%0.02%0.06%0.07%0.07%0.02%
Net Income Growth %0.42%-0.32%-0.24%0.38%0.32%-0.74%2.24%0.43%0.05%-0.74%
Net Income (Continuing)119.5M81.3M61.8M85M112.2M28.7M93.1M133M139.1M35.6M
Discontinued Operations0000000000
Minority Interest300K300K400K500K400K500K600K2.4M2.5M4.9M
EPS (Diluted)+4.863.332.523.454.541.163.755.325.561.42
EPS Growth %0.44%-0.31%-0.24%0.37%0.32%-0.74%2.23%0.42%0.05%-0.74%
EPS (Basic)4.963.392.563.484.581.173.785.375.601.43
Diluted Shares Outstanding24.61M24.44M24.49M24.6M24.73M24.78M24.85M24.98M25.02M25.12M
Basic Shares Outstanding24.11M24M24.15M24.4M24.48M24.56M24.65M24.79M24.85M24.93M
Dividend Payout Ratio0.12%0.2%0.3%0.26%0.22%0.89%0.31%0.24%0.25%1.09%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+458.7M441.1M561.5M663.9M630.3M566.2M728.1M872.6M885.7M956.6M
Cash & Short-Term Investments141.7M101.9M90.2M123.1M75.7M105.3M141.8M147.1M203.7M289.2M
Cash Only136.9M101.9M90.2M123.1M75.7M105.3M141.8M147.1M203.7M289.2M
Short-Term Investments4.8M000000000
Accounts Receivable137.4M154.4M244.5M279.7M292M221.4M284.5M334.6M359.8M341.7M
Days Sales Outstanding49.5463.7968.2969.1270.4367.737062.1967.3967.58
Inventory159.9M173.8M209.8M248M244.6M220M277.6M373.1M300.1M301M
Days Inventory Outstanding87.59115.1184.7686.8885.2694.4396.6498.980.6884.35
Other Current Assets10.6M11M1.1M0800K400K400K400K600K600K
Total Non-Current Assets+571.3M740.3M848.7M809.5M838.5M831.2M842.8M731.1M821.7M778.1M
Property, Plant & Equipment76M157.4M196M196.4M231.1M250.9M249.8M266.2M313.4M314.5M
Fixed Asset Turnover13.32x5.61x6.67x7.52x6.55x4.76x5.94x7.38x6.22x5.87x
Goodwill267.4M374.8M361.8M364.9M363M371.2M364.3M358.8M399.3M382.5M
Intangible Assets168.7M144.4M163.3M136.3M113.5M75.3M57.5M45M57.3M65.4M
Long-Term Investments56.9M48M116M95.9M000000
Other Non-Current Assets900K800K5.1M7.2M121.8M126.2M164.8M55.2M41.3M6.3M
Total Assets+1.03B1.18B1.41B1.47B1.47B1.4B1.57B1.6B1.71B1.73B
Asset Turnover0.98x0.75x0.93x1.00x1.03x0.85x0.94x1.22x1.14x1.06x
Asset Growth %0.03%0.15%0.19%0.04%-0%-0.05%0.12%0.02%0.06%0.02%
Total Current Liabilities+206.1M183.1M261.6M296.6M303.5M252.4M336.6M405.8M371.5M371.4M
Accounts Payable52.2M59.6M117.9M126.8M122M98.7M148.7M165.3M163.6M163.8M
Days Payables Outstanding28.639.4747.6344.4242.5342.3651.7643.8243.9845.9
Short-Term Debt010.3M15.8M21.4M000000
Deferred Revenue (Current)200K100K100K1000K000000
Other Current Liabilities61M6.7M5.1M5.9M5.6M6.6M5.2M5.3M5.8M5M
Current Ratio2.23x2.41x2.15x2.24x2.08x2.24x2.16x2.15x2.38x2.58x
Quick Ratio1.45x1.46x1.34x1.40x1.27x1.37x1.34x1.23x1.58x1.77x
Cash Conversion Cycle108.54139.43105.42111.58113.17119.8114.88117.27104.08106.03
Total Non-Current Liabilities+218.6M344.5M354.3M351.3M246.4M200.1M201.3M157.5M186.3M147.2M
Long-Term Debt131.6M258.5M202.6M186.2M58.6M00000
Capital Lease Obligations2.4M2.9M3.2M1.5M22.4M29M23.1M31.4M31.6M31M
Deferred Tax Liabilities37.7M32.3M45M48.2M49.6M46.9M60.8M26.2M33.5M23.5M
Other Non-Current Liabilities44.9M50.3M103.1M115.4M115.8M124.2M117.4M99.9M121.2M92.7M
Total Liabilities424.7M527.6M615.9M647.9M549.9M452.5M537.9M563.3M557.8M518.6M
Total Debt+136.1M273.3M224.3M210.9M92.6M40.8M35.6M45.3M45.2M44.9M
Net Debt-800K171.4M134.1M87.8M16.9M-64.5M-106.2M-101.8M-158.5M-244.3M
Debt / Equity0.22x0.42x0.28x0.26x0.10x0.04x0.03x0.04x0.04x0.04x
Debt / EBITDA0.71x1.91x1.21x1.11x0.46x0.51x0.20x0.20x0.22x0.20x
Net Debt / EBITDA-0.00x1.20x0.72x0.46x0.08x-0.81x-0.61x-0.45x-0.79x-1.10x
Interest Coverage39.08x32.94x15.82x19.35x31.23x18.72x88.07x170.27x--
Total Equity+605.6M654.1M794.7M826M918.9M944.9M1.03B1.04B1.15B1.22B
Equity Growth %0.17%0.08%0.21%0.04%0.11%0.03%0.09%0.01%0.1%0.06%
Book Value per Share24.6126.7632.4633.5737.1638.1341.5641.6545.9448.41
Total Shareholders' Equity605.3M653.8M794.3M825.5M918.5M944.4M1.03B1.04B1.15B1.21B
Common Stock300K300K300K300K300K300K300K300K300K300K
Retained Earnings496.4M561.8M605M668.3M755.5M758.6M822.9M924.2M1.03B1.02B
Treasury Stock-91.8M-97.5M-93.3M-92.8M-93.3M-93.3M-90.6M-95.4M-94.3M-93M
Accumulated OCI-110.9M-126.2M-38.5M-75.7M-74.4M-57.3M-46.9M-145.2M-148.1M-91M
Minority Interest300K300K400K500K400K500K600K2.4M2.5M4.9M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+117.7M104.5M82.7M104.9M161.6M145.9M93.2M81.7M207.3M184.5M
Operating CF Margin %0.12%0.12%0.06%0.07%0.11%0.12%0.06%0.04%0.11%0.1%
Operating CF Growth %0.11%-0.11%-0.21%0.27%0.54%-0.1%-0.36%-0.12%1.54%-0.11%
Net Income119.5M81.3M61.8M85M112.2M28.7M93.1M133M139.1M35.6M
Depreciation & Amortization35.2M38.1M50.4M49.6M47.6M46M42.7M40.1M39.3M43.5M
Stock-Based Compensation3.7M3.3M4.1M4.9M26.7M5.8M4.4M6.7M8M8.5M
Deferred Taxes12M900K-6.7M5.5M0-2.5M6.4M-5.5M3.6M-39.3M
Other Non-Cash Items-51.3M-16.3M-1.9M-5.3M-4.1M17.8M-5.3M-2.5M-3.3M155.1M
Working Capital Changes-1.4M-2.8M-25M-34.8M-20.8M50.1M-48.1M-90.1M20.6M-18.9M
Change in Receivables13.6M-6M-83.2M-45.7M-18.2M10.1M-31.4M-55.5M-12.6M4.3M
Change in Inventory5.5M7.7M-30.8M-42.2M2.4M25.5M-62M-98.5M83M-11.8M
Change in Payables-24.5M-3.4M48.6M38.4M0-45.9M90.2M54.2M-26.9M-4.5M
Cash from Investing+15M-209.1M-29.6M-35.5M-31M-29.7M-36.2M-42.1M-111.8M-62M
Capital Expenditures-26.2M-16.5M-32.2M-30.1M-29.9M-29.7M-39.1M-42.3M-77.2M-62.3M
CapEx % of Revenue0.03%0.02%0.02%0.02%0.02%0.02%0.03%0.02%0.04%0.03%
Acquisitions----------
Investments----------
Other Investing32.6M-16.5M-8.9M-1.2M-1.1M-100K-100K-1.8M100K500K
Cash from Financing+-36.3M70.5M-66.4M-36.2M-177.9M-86.8M-20M-33.7M-39M-35.3M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-14.9M-15.9M-18.6M-21.7M-25M-25.6M-28.8M-31.7M-35.1M-38.8M
Share Repurchases----------
Other Financing-1.2M-43M00-300K-200K100K1.8M-1.4M2.1M
Net Change in Cash----------
Free Cash Flow+91.5M88M50.5M74.8M131.7M116.2M54.1M39.4M145.2M143.1M
FCF Margin %0.09%0.1%0.04%0.05%0.09%0.1%0.04%0.02%0.07%0.08%
FCF Growth %0.08%-0.04%-0.43%0.48%0.76%-0.12%-0.53%-0.27%2.69%-0.01%
FCF per Share3.723.602.063.045.334.692.181.585.805.70
FCF Conversion (FCF/Net Income)0.98x1.29x1.34x1.23x1.44x5.08x1.00x0.61x1.49x5.18x
Interest Paid00004.8M00000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)21.31%12.91%8.53%10.49%12.86%3.08%9.41%12.83%12.7%3.01%
Return on Invested Capital (ROIC)19.21%11.05%11.09%10.87%12.16%2.78%10.96%15.06%12.56%13.59%
Gross Margin34.18%37.62%30.86%29.45%30.81%28.72%29.32%29.88%30.33%29.42%
Net Margin11.8%9.2%4.73%5.76%7.41%2.41%6.28%6.77%7.14%1.93%
Debt / Equity0.22x0.42x0.28x0.26x0.10x0.04x0.03x0.04x0.04x0.04x
Interest Coverage39.08x32.94x15.82x19.35x31.23x18.72x88.07x170.27x--
FCF Conversion0.98x1.29x1.34x1.23x1.44x5.08x1.00x0.61x1.49x5.18x
Revenue Growth5.35%-12.73%47.93%13.02%2.46%-21.16%24.33%32.38%-0.76%-5.31%

Revenue by Segment

2015201620172018201920202021202220232024
Fuel Specialties758.3M509.6M523.8M--512.7M618.3M730.2M695.9M701.1M
Fuel Specialties Growth--32.80%2.79%---20.60%18.10%-4.70%0.75%
Performance Chemicals194.5M138.7M419.5M--425.4M525.3M639.7M561.6M653.7M
Performance Chemicals Growth--28.69%202.45%---23.48%21.78%-12.21%16.40%
Oilfield Services-191.7M304.4M400.6M479.9M255M339.8M593.8M691.3M490.6M
Oilfield Services Growth--58.79%31.60%19.80%-46.86%33.25%74.75%16.42%-29.03%
Octane Additives59.5M43.4M59.1M33.7M21M-----
Octane Additives Growth--27.06%36.18%-42.98%-37.69%-----

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES571.9M474.4M---642.4M821.6M1.24B1.27B1.04B
UNITED STATES Growth--17.05%----27.90%51.52%2.24%-18.31%
UNITED KINGDOM-----689.1M811.9M932.5M-823.4M
UNITED KINGDOM Growth------17.82%14.85%--
Rest Of World22.1M31.1M39.2M29.5M47.8M129M182M184.6M51M288.9M
Rest Of World Growth-40.72%26.05%-24.74%62.03%169.87%41.09%1.43%-72.37%466.47%
United States North America----897.2M-----
United States North America Growth----------
Rest Of Europe----115.7M-----
Rest Of Europe Growth----------
United States & North America--615.7M803.1M------
United States & North America Growth---30.44%------
Europe133.3M118.5M143.4M143.7M------
Europe Growth--11.10%21.01%0.21%------

Frequently Asked Questions

Valuation & Price

Innospec Inc. (IOSP) has a price-to-earnings (P/E) ratio of 57.7x. This suggests investors expect higher future growth.

Growth & Financials

Innospec Inc. (IOSP) reported $1.79B in revenue for fiscal year 2024. This represents a 131% increase from $774.4M in 2011.

Innospec Inc. (IOSP) saw revenue decline by 5.3% over the past year.

Innospec Inc. (IOSP) reported a net loss of $1.2M for fiscal year 2024.

Dividend & Returns

Yes, Innospec Inc. (IOSP) pays a dividend with a yield of 1.89%. This makes it attractive for income-focused investors.

Innospec Inc. (IOSP) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

Innospec Inc. (IOSP) generated $46.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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