Revenue
$1.82B
Fiscal year ended 2025-09-30Operating income
-$775.00M
Fiscal year ended 2025-09-30Free cash flow
Unavailable
Fiscal year ended 2025-09-30ASHLAND INC. (ASH) reported revenue of $1.82B for the fiscal year ended 2025-09-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from ASHLAND INC.’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.82B | $2.11B | $2.19B | $2.39B | $2.11B | $2.02B | $2.15B | $2.59B | $2.31B | $3.02B |
| Cost of revenue | $1.28B | $1.50B | $1.52B | $1.56B | $1.44B | $1.42B | $1.50B | $1.73B | $1.58B | $2.13B |
| Gross profit | $549.00M | $618.00M | $668.00M | $830.00M | $670.00M | $599.00M | $651.00M | $863.00M | $729.00M | $887.00M |
| Operating income | -$775.00M | -$26.00M | $172.00M | $333.00M | $192.00M | -$461.00M | $86.00M | $102.00M | $49.00M | -$50.00M |
| Net income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $505.00M | $114.00M | $1.00M | -$29.00M |
| Research & development | $54.00M | $55.00M | $51.00M | $55.00M | $50.00M | $56.00M | $58.00M | $73.00M | $73.00M | $87.00M |
| Weighted-average diluted shares | shares 46.00M | shares 50.00M | shares 54.00M | shares 56.00M | shares 61.00M | shares 61.00M | shares 62.00M | shares 64.00M | shares 62.00M | shares 63.00M |
| Pretax income | -$809.00M | -$24.00M | $160.00M | $206.00M | $135.00M | -$577.00M | -$9.00M | $11.00M | -$196.00M | -$308.00M |
| Income tax expense | $13.00M | -$223.00M | -$8.00M | $25.00M | -$38.00M | -$22.00M | $30.00M | -$8.00M | -$16.00M | -$25.00M |
| Diluted EPS | $-18.23 | $3.36 | $3.31 | $16.41 | $3.59 | $-8.39 | $8.15 | $1.79 | $0.01 | $-0.47 |
| Selling, general & administrative | $344.00M | $404.00M | $365.00M | $393.00M | $358.00M | $400.00M | $426.00M | $599.00M | $610.00M | $858.00M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $215.00M | $300.00M | $417.00M | $646.00M | $210.00M | $454.00M | $232.00M | $294.00M | $566.00M | $1.02B |
| Total assets | $4.61B | $5.64B | $5.94B | $6.21B | $6.61B | $6.88B | $7.25B | $8.26B | $8.62B | $10.00B |
| Current assets | $1.20B | $1.20B | $1.51B | $1.77B | $1.72B | $1.55B | $1.43B | $1.71B | $1.90B | $2.89B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $423.00M | $490.00M | $456.00M | $553.00M | $934.00M | $813.00M | $757.00M | $1.08B | $968.00M | $1.24B |
| Total equity incl. NCI | $1.90B | $2.87B | $3.10B | $3.22B | $2.75B | $3.04B | $3.57B | $3.41B | $3.41B | $3.16B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $568.00M | $545.00M | $626.00M | $629.00M | $473.00M | $506.00M | $597.00M | $596.00M | $634.00M | $539.00M |
| Accounts receivable | $242.00M | $243.00M | $338.00M | $402.00M | $369.00M | $437.00M | $481.00M | $522.00M | $612.00M | $529.00M |
| Goodwill | $705.00M | $1.38B | $1.36B | $1.31B | $1.43B | $1.30B | $1.80B | $2.30B | $2.32B | $2.14B |
| Long-term debt | $1.38B | $1.35B | $1.31B | $1.27B | $1.60B | $1.57B | $1.50B | $2.28B | $2.58B | $2.32B |
| Accounts payable | $189.00M | $214.00M | $210.00M | $265.00M | $236.00M | $211.00M | $313.00M | $331.00M | $409.00M | $376.00M |
Cash flow
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Capital expenditures | $98.00M | $137.00M | $170.00M | $113.00M | $105.00M | $133.00M | $147.00M | $157.00M | $168.00M | $231.00M |
| Investing cash flow | -$3.00M | -$51.00M | -$109.00M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Financing cash flow | -$179.00M | -$479.00M | -$371.00M | -$896.00M | -$426.00M | $9.00M | -$1.15B | -$368.00M | Unavailable | Unavailable |
| Net change in cash | -$85.00M | -$117.00M | -$229.00M | $436.00M | -$244.00M | $222.00M | -$62.00M | -$272.00M | -$622.00M | -$69.00M |
| Stock-based compensation | $14.00M | $15.00M | $22.00M | $18.00M | $15.00M | $14.00M | $21.00M | $27.00M | $20.00M | $30.00M |
| Common dividends paid | $76.00M | $78.00M | $76.00M | $70.00M | $70.00M | $66.00M | $64.00M | $60.00M | $77.00M | $97.00M |
| Common share repurchases | $100.00M | $380.00M | $300.00M | $200.00M | $450.00M | Unavailable | $200.00M | Unavailable | $0 | $500.00M |
| Depreciation & amortization | $237.00M | $274.00M | $243.00M | $241.00M | $244.00M | $235.00M | $277.00M | $277.00M | $265.00M | $302.00M |
Derived
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 30.1% | 29.2% | 30.5% | 34.7% | 31.7% | 29.7% | 30.3% | 33.3% | 31.6% | 29.4% |
| Operating margin | -42.5% | -1.2% | 7.9% | 13.9% | 9.1% | -22.9% | 4.0% | 3.9% | 2.1% | -1.7% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 0.8% | 0.7% | 1.0% | 0.8% | 0.7% | 0.7% | 1.0% | 1.0% | 0.9% | 1.0% |
| Current ratio | 2.85x | 2.44x | 3.30x | 3.20x | 1.84x | 1.90x | 1.89x | 1.59x | 1.97x | 2.33x |
| Revenue YoY growth | -13.7% | -3.6% | -8.4% | 13.3% | 4.7% | -6.1% | -17.0% | 12.1% | -23.5% | Unavailable |
| Net margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 0.0% | -1.0% |
| R&D / revenue | 3.0% | 2.6% | 2.3% | 2.3% | 2.4% | 2.8% | 2.7% | 2.8% | 3.2% | 2.9% |
| CapEx / revenue | 5.4% | 6.5% | 7.8% | 4.7% | 5.0% | 6.6% | 6.8% | 6.1% | 7.3% | 7.7% |
| Long-term debt / equity | 0.73x | 0.47x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | -5.0% | 12.1% | -28.1% | Unavailable | Unavailable | -72.7% | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open ASH in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-04-29View SEC filing
10-Q · Filed 2026-02-03View SEC filing
10-K · Filed 2025-11-20View SEC filing
10-Q · Filed 2025-07-30View SEC filing
10-Q · Filed 2025-05-01View SEC filing
Companies in the same industry
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.