Ashland (ASH) | Financial Analysis & Statements

Ashland Inc. | Mid-cap | Basic Materials

$52.43

-2.33%

Ashland vs Linde plc Ashland vs Sherwin-Williams Ashland vs Eastman Chemical Ashland vs Westlake Ashland vs Albemarle Ashland vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 2.1B

Gross Profit 618.0M 29.25%

Operating Income 83.0M 3.93%

Net Income 169.0M 8.00%

EPS (Diluted) $3.36

Balance Sheet Metrics

Total Assets 5.6B

Total Liabilities 2.8B

Shareholders Equity 2.9B

Debt to Equity 0.97

Cash Flow Metrics

Operating Cash Flow 348.0M

Free Cash Flow 274.0M

Revenue & Profitability Trend

Ashland Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	2.1B	2.2B	2.4B	2.1B	2.0B
Cost of Goods Sold	1.5B	1.5B	1.6B	1.4B	1.4B
Gross Profit	618.0M	668.0M	830.0M	670.0M	599.0M
Operating Expenses	459.0M	416.0M	448.0M	408.0M	448.0M
Operating Income	83.0M	159.0M	288.0M	172.0M	59.0M
Pre-tax Income	-24.0M	160.0M	206.0M	135.0M	-577.0M
Income Tax	-223.0M	-8.0M	25.0M	-38.0M	-22.0M
Net Income	169.0M	178.0M	927.0M	220.0M	-508.0M
EPS (Diluted)	$3.36	$3.31	$16.41	$3.59	-$8.39

Income Statement Trend

Ashland Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	1.2B	1.5B	1.8B	1.7B	1.5B
Non-Current Assets	4.4B	4.4B	4.4B	4.9B	5.3B
Total Assets	5.6B	5.9B	6.2B	6.6B	6.9B
Liabilities
Current Liabilities	490.0M	456.0M	553.0M	934.0M	813.0M
Non-Current Liabilities	2.3B	2.4B	2.4B	2.9B	3.0B
Total Liabilities	2.8B	2.8B	3.0B	3.9B	3.8B
Equity
Total Shareholders Equity	2.9B	3.1B	3.2B	2.8B	3.0B

Balance Sheet Composition

Ashland Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	199.0M	168.0M	181.0M	173.0M	-508.0M
Operating Cash Flow	348.0M	453.0M	136.0M	482.0M	-287.0M
Investing Activities
Capital Expenditures	-137.0M	-159.0M	-62.0M	-100.0M	-128.0M
Investing Cash Flow	-51.0M	-109.0M	-102.0M	-367.0M	-85.0M
Financing Activities
Dividends Paid	-78.0M	-76.0M	-70.0M	-70.0M	-66.0M
Financing Cash Flow	-479.0M	-371.0M	-896.0M	-426.0M	9.0M
Free Cash Flow	274.0M	73.0M	-326.0M	455.0M	70.0M

Cash Flow Trend

Ashland Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 18.02

Forward P/E 8.51

Price to Book 0.87

Price to Sales 1.14

PEG Ratio 8.51

Profitability Ratios

Profit Margin -5.80%

Operating Margin 6.68%

Return on Equity -3.02%

Return on Assets 2.28%

Financial Health

Current Ratio 2.32

Debt to Equity 58.11

Beta 0.51

Per Share Data

EPS (TTM) -$1.88

Book Value per Share $56.00

Revenue per Share $41.03

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
ash	2.2B	18.02	0.87	-3.02%	-5.80%	58.11
Linde plc	216.0B	33.33	5.69	17.01%	20.02%	60.56
Sherwin-Williams	86.6B	32.64	20.88	70.22%	11.63%	329.97
Eastman Chemical	8.7B	9.56	1.47	16.03%	9.85%	86.00
Westlake	9.7B	25.39	0.94	3.92%	3.23%	49.95
Albemarle	6.7B	33.52	0.86	-9.99%	-22.39%	35.76

Financial data is updated regularly. All figures are in the company's reporting currency.