Ashland Inc.
Rank #430DeclineASH · NYSE · Basic Materials
Ashland Inc. (ASH) — Rank #430 by gross profitability (GP/assets 0.12) · ROE -45.2% · Piotroski F-Score 6 / 9.
As-of 2026-09-15 · CIK 0001674862 · all metrics point-in-time as of the filing date.
About
Ashland Inc. provides additives and specialty ingredients in the North and Latin America, Europe, Asia Pacific, and internationally.
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It operates through Life Sciences, Personal Care, Specialty Additives, and Intermediates segments. The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; and nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives; agricultural chemicals; diagnostic films; and fine chemicals. Its Personal Care segment provides a range of natural, nature-derived, 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. Its Intermediates 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, personal care, and pharmaceutical. The company was formerly known as Ashland Global Holdings Inc. and changed its name to Ashland Inc. in August 2022. Ashland Inc.
was founded in 1924 and is headquartered in Wilmington, Delaware.
- Industry
- Specialty Chemicals
- Sector
- Basic Materials
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- September 30
- Website
- ashland.com
Financials
Stable
Direction over 5 fiscal years
- Free cash flowdeteriorating
- Gross marginstable
- Gross profitabilitystable
- Net cashimproving
- Operating margindeteriorating
- Return on equitydeteriorating
- Share count (dilution)improving
Monitoring diagnostic of business direction — not a prediction of returns.
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2025-09-30filed 2025-11-20 | 2024-09-30filed 2024-11-18 | 2023-09-30filed 2023-11-17 | 2022-09-30filed 2022-11-21 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 1,824.0 | 2,113.0 | 2,191.0 | 2,391.0 |
| Revenue growth (YoY) | -13.7% | -3.6% | -8.4% | 13.3% |
| Gross profit | 549.0 | 618.0 | 668.0 | 830.0 |
| Gross margin | 30.1% | 29.2% | 30.5% | 34.7% |
| Net income | (845.0) | 169.0 | 178.0 | 927.0 |
| Net margin | -46.3% | 8.0% | 8.1% | 38.8% |
| EPS (diluted) | -$18.23 | $3.36 | $3.31 | $16.41 |
| EPS growth (YoY) | -642.6% | 1.5% | -79.8% | — |
| Cash flow | ||||
| Operating cash flow | 134.0 | 462.0 | 294.0 | 193.0 |
| Capital expenditures | 98.0 | 137.0 | 170.0 | 113.0 |
| Free cash flow | 36.0 | 325.0 | 124.0 | 80.0 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?