ASHLAND INC.
Financial highlights
| Metric | FY 09/30/25 | FY 09/30/24 | FY 09/30/23 | FY 09/30/22 | FY 09/30/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.8B | $2.1B | $2.2B | $2.4B | $2.1B |
| Cost of revenue | $1.3B | $1.5B | $1.5B | $1.6B | $1.4B |
| Gross profit | $549.0M | $618.0M | $668.0M | $830.0M | $670.0M |
| Selling, general & administrative | $344.0M | $404.0M | $365.0M | $393.0M | $358.0M |
| Research and development | $54.0M | $55.0M | $51.0M | $55.0M | $50.0M |
| Operating income | -$775.0M | -$26.0M | $172.0M | $333.0M | $192.0M |
| Interest expense | $2.0M | $2.0M | $3.0M | $4.0M | $20.0M |
| Pretax income | -$809.0M | -$24.0M | $160.0M | $206.0M | $135.0M |
| Income tax expense | $13.0M | -$223.0M | -$8.0M | $25.0M | -$38.0M |
| Net income | -$845.0M | $169.0M | $178.0M | $927.0M | $220.0M |
| Balance Sheet | |||||
| Cash and equivalents | $215.0M | $300.0M | $417.0M | $646.0M | $210.0M |
| Current assets | $1.2B | $1.2B | $1.5B | $1.8B | $1.7B |
| Total assets | $4.6B | $5.6B | $5.9B | $6.2B | $6.6B |
| Current liabilities | $423.0M | $490.0M | $456.0M | $553.0M | $934.0M |
| Total debt | $1.4B | $1.3B | $1.3B | $1.3B | $2.0B |
| Stockholders' equity | $1.9B | $2.9B | $3.1B | $3.2B | $2.8B |
| Cash Flow Statement | |||||
| Cash from operations | $134.0M | $462.0M | $294.0M | $193.0M | $466.0M |
| Depreciation and amortization | $237.0M | $274.0M | $243.0M | $241.0M | $244.0M |
| Stock-based compensation | $14.0M | $15.0M | $22.0M | $18.0M | $15.0M |
| Capital expenditure | $98.0M | $137.0M | $170.0M | $113.0M | $105.0M |
| Free cash flow | $36.0M | $325.0M | $124.0M | $80.0M | $361.0M |
| Dividends paid | $76.0M | $78.0M | $76.0M | $70.0M | $70.0M |
| Share repurchases | $100.0M | $380.0M | $300.0M | $200.0M | $450.0M |
| Impairments | $706.0M | $11.0M | $4.0M | $0 | $13.0M |
Shares outstanding 45.8M · Free float 87.0%
Annual filing data through FY ended September 30, 2025; float as of July 15, 2026.