ASHLAND INC. (ASH)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Jun-302017-Mar-312017-Sep-302016-Sep-30
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016
Total Revenue477,000,000$463,000,000$479,000,000$405,000,000$522,000,000$544,000,000$575,000,000$473,000,000$517,000,000$546,000,000$603,000,000$525,000,000$632,000,000$644,000,000$604,000,000$512,000,000$591,000,000$543,000,000$509,000,000$468,000,000$299,000,000$574,000,000$610,000,000$533,000,000$264,000,000$641,000,000$667,000,000$576,000,000$667,000,000$668,000,000$974,000,000$842,000,000$880,000,000$870,000,000$806,000,000$704,000,000$754,000,000$790,000,000$1,247,000,000$1,163,000,000$
QoQ%3.02%(3.34%)18.27%(22.41%)(4.04%)(5.39%)21.56%(8.51%)(5.31%)(9.45%)14.86%(16.93%)(1.86%)6.62%17.97%(13.37%)8.84%6.68%8.76%56.52%(47.91%)(5.90%)14.45%101.89%(58.81%)(3.90%)15.80%(13.64%)(.15%)(31.42%)15.68%(4.32%)1.15%7.94%14.49%(6.63%)(4.56%)(36.65%)7.22%
YoY%(8.62%)(14.89%)(16.70%)(14.38%).97%(.37%)(4.64%)(9.91%)(18.20%)(15.22%)(.17%)2.54%6.94%18.60%18.66%9.40%97.66%(5.40%)(16.56%)(12.20%)13.26%(10.45%)(8.55%)(7.47%)(60.42%)(4.04%)(31.52%)(31.59%)(24.21%)(23.22%)20.84%19.60%16.71%10.13%(35.37%)(39.47%)
Cost Of Revenue318,000,000$331,000,000$332,000,000$294,000,000$348,000,000$358,000,000$414,000,000$375,000,000$389,000,000$368,000,000$406,000,000$360,000,000$422,000,000$404,000,000$384,000,000$351,000,000$401,000,000$370,000,000$349,000,000$321,000,000$246,000,000$378,000,000$413,000,000$380,000,000$170,000,000$434,000,000$469,000,000$424,000,000$436,000,000$439,000,000$449,000,000$402,000,000$(149,000,000$)636,000,000$578,000,000$515,000,000$551,000,000$554,000,000$823,000,000$771,000,000$
Gross Profit159,000,000$132,000,000$147,000,000$111,000,000$174,000,000$186,000,000$161,000,000$98,000,000$128,000,000$178,000,000$197,000,000$165,000,000$210,000,000$240,000,000$220,000,000$161,000,000$190,000,000$173,000,000$160,000,000$147,000,000$53,000,000$196,000,000$197,000,000$153,000,000$94,000,000$207,000,000$198,000,000$152,000,000$231,000,000$229,000,000$223,000,000$179,000,000$78,000,000$234,000,000$228,000,000$189,000,000$203,000,000$236,000,000$424,000,000$392,000,000$
Gross Margin33.33%28.51%30.69%27.41%33.33%34.19%28.00%20.72%24.76%32.60%32.67%31.43%33.23%37.27%36.42%31.45%32.15%31.86%31.43%31.41%17.73%34.15%32.30%28.71%35.61%32.29%29.69%26.39%34.63%34.28%22.90%21.26%8.86%26.90%28.29%26.85%26.92%29.87%34.00%33.71%
Operating Expenses98,000,000$840,000,000$96,000,000$290,000,000$143,000,000$247,000,000$140,000,000$116,000,000$138,000,000$116,000,000$114,000,000$128,000,000$131,000,000$128,000,000$120,000,000$119,000,000$109,000,000$128,000,000$112,000,000$130,000,000$111,000,000$148,000,000$665,000,000$136,000,000$88,000,000$164,000,000$154,000,000$159,000,000$227,000,000$199,000,000$160,000,000$174,000,000$134,000,000$197,000,000$175,000,000$174,000,000$397,000,000$179,000,000$277,000,000$241,000,000$
Operating Income61,000,000$(708,000,000$)51,000,000$(179,000,000$)31,000,000$(61,000,000$)21,000,000$(18,000,000$)(10,000,000$)62,000,000$83,000,000$37,000,000$79,000,000$112,000,000$100,000,000$42,000,000$81,000,000$45,000,000$48,000,000$17,000,000$(58,000,000$)48,000,000$(468,000,000$)17,000,000$6,000,000$43,000,000$44,000,000$(7,000,000$)4,000,000$30,000,000$63,000,000$5,000,000$(56,000,000$)37,000,000$53,000,000$15,000,000$(194,000,000$)57,000,000$147,000,000$151,000,000$
Operating Margin12.79%(152.92%)10.65%(44.20%)5.94%(11.21%)3.65%(3.81%)(1.93%)11.36%13.77%7.05%12.50%17.39%16.56%8.20%13.71%8.29%9.43%3.63%(19.40%)8.36%(76.72%)3.19%2.27%6.71%6.60%(1.22%).60%4.49%6.47%.59%(6.36%)4.25%6.58%2.13%(25.73%)7.22%11.79%12.98%
Interest Income
Interest Expenses0$0$11,000,000$28,000,000$0$7,000,000$2,000,000$0$27,000,000$3,000,000$0$0$41,000,000$59,000,000$43,000,000$5,000,000$38,000,000$1,000,000$23,000,000$0$6,000,000$0$117,000,000$10,000,000$26,000,000$21,000,000$0$55,000,000$24,000,000$28,000,000$24,000,000$26,000,000$26,000,000$51,000,000$29,000,000$122,000,000$48,000,000$40,000,000$43,000,000$42,000,000$
Income Before Tax65,000,000$(704,000,000$)39,000,000$(209,000,000$)25,000,000$(70,000,000$)17,000,000$4,000,000$(37,000,000$)57,000,000$91,000,000$50,000,000$60,000,000$52,000,000$58,000,000$37,000,000$31,000,000$46,000,000$20,000,000$38,000,000$(65,000,000$)62,000,000$(585,000,000$)10,000,000$(30,000,000$)22,000,000$46,000,000$(47,000,000$)(7,000,000$)0$40,000,000$(22,000,000$)(94,000,000$)(20,000,000$)24,000,000$(106,000,000$)(330,000,000$)20,000,000$102,000,000$111,000,000$
Tax Expenses32,000,000$15,000,000$9,000,000$(43,000,000$)6,000,000$(101,000,000$)(104,000,000$)(24,000,000$)(29,000,000$)15,000,000$(1,000,000$)8,000,000$0$1,000,000$20,000,000$5,000,000$(3,000,000$)(26,000,000$)(5,000,000$)(5,000,000$)(1,000,000$)12,000,000$(10,000,000$)(24,000,000$)6,000,000$(1,000,000$)1,000,000$24,000,000$(5,000,000$)(11,000,000$)(2,000,000$)10,000,000$33,000,000$(4,000,000$)(5,000,000$)(41,000,000$)14,000,000$(4,000,000$)15,000,000$20,000,000$
Net Income32,000,000$(742,000,000$)31,000,000$(165,000,000$)16,000,000$6,000,000$120,000,000$26,000,000$(4,000,000$)50,000,000$91,000,000$40,000,000$57,000,000$36,000,000$786,000,000$48,000,000$44,000,000$80,000,000$41,000,000$56,000,000$5,000,000$37,000,000$(582,000,000$)32,000,000$411,000,000$66,000,000$76,000,000$(48,000,000$)10,000,000$36,000,000$73,000,000$(4,000,000$)(57,000,000$)(30,000,000$)105,000,000$10,000,000$(275,000,000$)71,000,000$87,000,000$89,000,000$
Profit Margin6.71%(160.26%)6.47%(40.74%)3.07%1.10%20.87%5.50%(.77%)9.16%15.09%7.62%9.02%5.59%130.13%9.38%7.45%14.73%8.06%11.97%1.67%6.45%(95.41%)6.00%155.68%10.30%11.39%(8.33%)1.50%5.39%7.50%(.48%)(6.48%)(3.45%)13.03%1.42%(36.47%)8.99%6.98%7.65%
TTM(46.27%)(46.01%)(5.74%)(1.12%)7.95%7.02%9.10%7.62%8.08%10.32%9.32%38.21%38.75%38.88%42.58%9.88%10.47%10.01%7.51%(24.81%)(25.20%)(5.15%)(3.56%)27.79%23.51%4.08%2.87%2.46%3.65%1.43%(.51%).41%.86%(6.06%)(2.91%)(3.06%)(.71%)
Earnings to Minority0$0$0$0$0$3,000,000$13,000,000$11,000,000$1,000,000$0$0$0$
Earnings to Common Shareholders32,000,000$(742,000,000$)31,000,000$(165,000,000$)16,000,000$6,000,000$120,000,000$26,000,000$(4,000,000$)50,000,000$91,000,000$40,000,000$57,000,000$36,000,000$786,000,000$48,000,000$44,000,000$80,000,000$41,000,000$56,000,000$5,000,000$37,000,000$(582,000,000$)32,000,000$411,000,000$66,000,000$76,000,000$(48,000,000$)10,000,000$36,000,000$73,000,000$(4,000,000$)(57,000,000$)(33,000,000$)92,000,000$(1,000,000$)(276,000,000$)71,000,000$87,000,000$89,000,000$
QoQ%104.31%(2,493.55%)118.79%(1,131.25%)166.67%(95.00%)361.54%750.00%(108.00%)(45.06%)127.50%(29.83%)58.33%(95.42%)1,537.50%9.09%(45.00%)95.12%(26.79%)1,020.00%(86.49%)106.36%(1,918.75%)(92.21%)522.73%(13.16%)258.33%(580.00%)(72.22%)(50.69%)1,925.00%92.98%(72.73%)(135.87%)9,300.00%99.64%(488.73%)(18.39%)(2.25%)
YoY%100.00%(12,466.67%)(74.17%)(734.62%)500.00%(88.00%)31.87%(35.00%)(107.02%)38.89%(88.42%)(16.67%)29.55%(55.00%)1,817.07%(14.29%)780.00%116.22%107.05%75.00%(98.78%)(43.94%)(865.79%)166.67%4,010.00%83.33%4.11%(1,100.00%)117.54%209.09%(20.65%)(300.00%)79.35%(146.48%)5.75%(101.12%)
Earnings Per Share, Basic0.73$(16.13$)0.66$(3.51$)0.36$0.12$2.40$0.51$(0.08$)0.96$1.69$0.74$1.08$0.67$14.04$0.84$0.18$1,311,475.41$672,131.15$933,333.33$0.04$616,666.67$(9.54$)0.53$6.74$1.08$1.21$(0.76$)0.16$0.57$1.16$(0.06$)(0.92$)(0.53$)1.48$(0.02$)(4.38$)1.15$1.40$1.37$
Earnings Per Share, Diluted0.73$(16.13$)0.66$(3.51$)0.34$0.12$2.35$0.51$(0.08$)0.94$1.65$0.73$1.06$0.65$13.79$0.83$0.18$1,290,322.58$661,290.32$918,032.79$0.04$606,557.38$(9.54$)0.52$6.97$1.06$1.19$(0.76$)0.15$0.56$1.14$(0.06$)(0.93$)(0.53$)1.46$(0.02$)(4.60$)1.13$1.38$1.35$
Unlevered FCF Per Share, Basic
Unlevered FCF Per Share, Diluted
Average Shares, Basic44,000,00046,000,00047,000,00047,000,00045,000,00050,000,00050,000,00051,000,00052,000,00052,000,00054,000,00054,000,00053,000,00054,000,00056,000,00057,000,000239,999,818616160122,999,9406061,000,00060,000,00061,000,00061,000,00063,000,00063,000,00064,000,00063,000,00063,000,00062,000,00062,000,00062,000,00062,000,00062,000,00063,000,00062,000,00062,000,00065,000,000
Average Shares, Diluted44,000,00046,000,00047,000,00047,000,00047,000,00051,000,00051,000,00051,000,00053,000,00053,000,00055,000,00055,000,00054,000,00055,000,00057,000,00058,000,000243,999,815626261121,999,9396161,000,00061,000,00059,000,00062,000,00064,000,00063,000,00066,000,00064,000,00064,000,00062,000,00061,000,00062,000,00063,000,00062,000,00060,000,00063,000,00063,000,00066,000,000
EBIT65,000,000$(704,000,000$)50,000,000$(181,000,000$)25,000,000$(63,000,000$)19,000,000$4,000,000$(10,000,000$)60,000,000$91,000,000$50,000,000$101,000,000$111,000,000$101,000,000$42,000,000$69,000,000$47,000,000$43,000,000$38,000,000$(59,000,000$)62,000,000$(468,000,000$)20,000,000$(4,000,000$)43,000,000$46,000,000$8,000,000$17,000,000$28,000,000$64,000,000$4,000,000$(68,000,000$)31,000,000$53,000,000$16,000,000$(282,000,000$)60,000,000$145,000,000$153,000,000$
EBITDA115,000,000$(628,000,000$)110,000,000$(130,000,000$)78,000,000$(2,000,000$)102,000,000$81,000,000$52,000,000$121,000,000$152,000,000$109,000,000$160,000,000$172,000,000$162,000,000$102,000,000$133,000,000$109,000,000$102,000,000$97,000,000$(7,000,000$)123,000,000$(407,000,000$)81,000,000$48,000,000$105,000,000$128,000,000$89,000,000$85,000,000$95,000,000$136,000,000$74,000,000$(21,000,000$)96,000,000$119,000,000$84,000,000$(207,000,000$)119,000,000$230,000,000$236,000,000$