Ashland Inc. (ASH) reported $1.84B of revenue for the twelve months ended Jun 30, 2026. That is down 1.4% from the year before. Revenue for fiscal 2025 was $1.82B.

Yes. Ashland Inc. earned $52.00M in net income for the twelve months ended Jun 30, 2026, a net margin of 2.8%.

How much cash and debt does ASH have?

Ashland Inc. reported $440.00M in cash and cash equivalents and $1.37B of debt on its most recent balance sheet in SEC filings.

How fast is ASH revenue growing?

Ashland Inc.'s revenue changed -13.7% in fiscal 2025, to $1.82B. Its compound annual growth rate was -2.0% over 5 years and -6.1% over 10 years.

What is ASH gross margin?

Ashland Inc.'s gross profit was $581.00M on $1.84B of revenue for the twelve months ended Jun 30, 2026, a gross margin of 31.5%.

What is ASH free cash flow?

Ashland Inc. generated $250.00M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $335.00M less capital expenditures.

When did ASH last report financial results?

The latest statements here come from Ashland Inc.'s 10-Q filed on Jul 29, 2026, covering the period ended Jun 30, 2026.

Where does this ASH financial data come from?

Quantisnow builds these statements from the structured XBRL data Ashland Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · ASH

Ashland Inc. (ASH) financials

For the twelve months ended Jun 30, 2026, Ashland Inc. reported $1.84B of revenue and $52.00M of net income.

Revenue, TTM: $1.84B
Revenue growth, YoY: -1.4%
Net income, TTM: $52.00M
Net margin: 2.8%
Free cash flow, TTM: $250.00M
Cash: $440.00M
Total debt: $1.37B
P/E: 67.47
P/S: 1.90
Market cap: $3.51B

Annual revenue$1.82B

FY2016FY2025

Annual net income-$845.00M

FY2016FY2025

Annual free cash flow$36.00M

FY2016FY2025

ASH revenue and earnings growth

ASH revenueQ3 2026$497.00M

Quarter YoY: +7.3%
QoQ: +3.1%
FY YoY: -13.7%
5Y CAGR: -2.0%
10Y CAGR: -6.1%

ASH revenue was $497.00M in fiscal Q3 2026 (ended Jun 30, 2026), up 7.3% from a year earlier and up 3.1% from the prior quarter. For the full fiscal 2025 it was $1.82B, down 13.7% from fiscal 2024. Compound annual growth was -2.0% over 5 years and -6.1% over 10 years. It rose in 3 of the last 10 fiscal years.

ASH net incomeQ3 2026$16.00M

QoQ: +0.0%

ASH net income was $16.00M in fiscal Q3 2026 (ended Jun 30, 2026), compared with -$742.00M a year earlier and up 0.0% from the prior quarter. For the full fiscal 2025 it was -$845.00M, compared with $169.00M in fiscal 2024.

ASH EPSQ3 2026$0.35

QoQ: +2.9%

ASH diluted EPS was $0.35 in fiscal Q3 2026 (ended Jun 30, 2026), compared with -$16.21 a year earlier and up 2.9% from the prior quarter. For the full fiscal 2025 it was -$18.23, compared with $3.36 in fiscal 2024.

ASH free cash flowQ3 2026$100.00M

Quarter YoY: +5.3%
QoQ: +203.0%
FY YoY: -88.9%
5Y CAGR: -17.5%

ASH free cash flow was $100.00M in fiscal Q3 2026 (ended Jun 30, 2026), up 5.3% from a year earlier and up 203.0% from the prior quarter. For the full fiscal 2025 it was $36.00M, down 88.9% from fiscal 2024. Compound annual growth was -17.5% over 5 years. It rose in 3 of the last 5 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Sep 30, 2025	FY2024 Sep 30, 2024	FY2023 Sep 30, 2023	FY2022 Sep 30, 2022	FY2021 Sep 30, 2021	FY2020 Sep 30, 2020	FY2019 Sep 30, 2019	FY2018 Sep 30, 2018	FY2017 Sep 30, 2017	FY2016 Sep 30, 2016
Revenue	$1.82B	$2.11B	$2.19B	$2.39B	$2.11B	$2.02B	$2.15B	$2.59B	$2.31B	$3.02B
Cost of revenue	$1.27B	$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
Research and development	$54.00M	$55.00M	$51.00M	$55.00M	$50.00M	$56.00M	$58.00M	$73.00M	$73.00M	$87.00M
Selling, general and admin	$344.00M	$404.00M	$365.00M	$393.00M	$358.00M	$400.00M	$426.00M	$599.00M	$610.00M	$858.00M
Operating income	-$775.00M	-$26.00M	$172.00M	$333.00M	$192.00M	-$461.00M	$86.00M	$102.00M	$49.00M	-$50.00M
Pre-tax income	-$809.00M	-$24.00M	$160.00M	$206.00M	$135.00M	-$577.00M	-$9.00M	$11.00M	-$196.00M	-$308.00M
Income tax	$13.00M	-$223.00M	-$8.00M	$25.00M	-$38.00M	-$22.00M	$30.00M	-$8.00M	-$16.00M	-$25.00M
Net income	-$845.00M	$169.00M	$178.00M	$927.00M	$220.00M	-$508.00M	$505.00M	$114.00M	$1.00M	-$29.00M
EPS, basic	-$18.23	$3.40	$3.36	$16.71	$3.63	-$8.39	$8.15	$1.82	$0.01	-$0.47
EPS, diluted	-$18.23	$3.36	$3.31	$16.41	$3.59	-$8.39	$8.15	$1.79	$0.01	-$0.47
Diluted shares	46.0M	50.0M	54.0M	56.0M	61.0M	61.0M	62.0M	64.0M	62.0M	63.0M

Balance sheet

Balance sheet
Line item	FY2025 Sep 30, 2025	FY2024 Sep 30, 2024	FY2023 Sep 30, 2023	FY2022 Sep 30, 2022	FY2021 Sep 30, 2021	FY2020 Sep 30, 2020	FY2019 Sep 30, 2019	FY2018 Sep 30, 2018	FY2017 Sep 30, 2017	FY2016 Sep 30, 2016
Cash and equivalents	$215.00M	$300.00M	$417.00M	$646.00M	$210.00M	$454.00M	$232.00M	$294.00M	$566.00M	$1.02B
Receivables	$242.00M	$243.00M	$338.00M	$402.00M	$369.00M	$437.00M	$481.00M	$522.00M	$612.00M	$529.00M
Inventory	$568.00M	$545.00M	$626.00M	$629.00M	$473.00M	$506.00M	$597.00M	$596.00M	$634.00M	$539.00M
Current assets	$1.21B	$1.20B	$1.51B	$1.77B	$1.72B	$1.55B	$1.43B	$1.71B	$1.90B	$2.89B
Goodwill	$705.00M	$1.38B	$1.36B	$1.31B	$1.43B	$1.30B	$1.80B	$2.30B	$2.31B	$2.14B
Total assets	$4.61B	$5.64B	$5.94B	$6.21B	$6.61B	$6.88B	$7.25B	$8.26B	$8.62B	$10.00B
Current liabilities	$423.00M	$490.00M	$456.00M	$553.00M	$934.00M	$813.00M	$757.00M	$1.08B	$968.00M	$1.24B
Short-term debt	$0	$0	$0	$0	$9.00M	$0	$166.00M	$254.00M	$235.00M	$170.00M
Long-term debt	$1.38B	$1.35B	$1.31B	$1.27B	$1.60B	$1.57B	$1.50B	$2.27B	$2.58B	$2.33B
Total debt	$1.38B	$1.35B	$1.31B	$1.27B	$1.60B	$1.57B	$1.67B	$2.53B	$2.82B	$2.50B
Total liabilities	$2.71B	$2.78B	$2.84B	$2.99B	$3.86B	$3.84B	$3.68B	$4.85B	$5.21B	$6.83B
Shareholders' equity	$1.90B	$2.87B	$3.10B	$3.22B	$2.75B	$3.04B	$3.57B	$3.41B	$3.41B	$3.17B

Cash flow

Cash flow
Line item	FY2025 Sep 30, 2025	FY2024 Sep 30, 2024	FY2023 Sep 30, 2023	FY2022 Sep 30, 2022	FY2021 Sep 30, 2021	FY2020 Sep 30, 2020	FY2019 Sep 30, 2019	FY2018 Sep 30, 2018	FY2017 Sep 30, 2017	FY2016 Sep 30, 2016
Operating cash flow	$134.00M	$462.00M	$294.00M	$193.00M	$466.00M	$227.00M	$140.00M	$241.00M	$174.00M	$385.00M
Capital expenditures	$98.00M	$137.00M	$170.00M	$113.00M	$105.00M	$133.00M	$147.00M	$157.00M	$168.00M	$231.00M
Free cash flow	$36.00M	$325.00M	$124.00M	$80.00M	$361.00M	$94.00M	-$7.00M	$84.00M	$6.00M	$154.00M
Investing cash flow	-$3.00M	-$51.00M	-$109.00M	-$102.00M	-$367.00M	-$85.00M	-$111.00M	-$174.00M	-$798.00M	-$177.00M
Financing cash flow	-$179.00M	-$479.00M	-$371.00M	-$896.00M	-$426.00M	$9.00M	-$1.15B	-$368.00M	$136.00M	-$1.86B
Dividends paid	$76.00M	$78.00M	$76.00M	$70.00M	$70.00M	$66.00M	$64.00M	$60.00M	$77.00M	$97.00M
Share repurchases	$100.00M	$380.00M	$300.00M	$200.00M	$450.00M	-	$200.00M	-	$0	$500.00M
Stock-based compensation	$14.00M	$15.00M	$22.00M	$18.00M	$15.00M	$14.00M	$21.00M	$27.00M	$20.00M	$30.00M
Depreciation and amortization	$237.00M	$274.00M	$243.00M	$241.00M	$244.00M	$235.00M	$277.00M	$277.00M	$265.00M	$302.00M

Key ratios

Key ratios
Line item	FY2025 Sep 30, 2025	FY2024 Sep 30, 2024	FY2023 Sep 30, 2023	FY2022 Sep 30, 2022	FY2021 Sep 30, 2021	FY2020 Sep 30, 2020	FY2019 Sep 30, 2019	FY2018 Sep 30, 2018	FY2017 Sep 30, 2017	FY2016 Sep 30, 2016
Revenue growth, YoY	-13.7%	-3.6%	-8.4%	13.3%	4.7%	-6.1%	-17.0%	12.1%	-23.5%	-11.7%
Net income growth, YoY	-	-5.1%	-80.8%	321.4%	-	-	343.0%	11300.0%	-	-
EPS growth, YoY	-	1.5%	-79.8%	357.1%	-	-	355.3%	17800.0%	-	-
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%
Net margin	-46.3%	8.0%	8.1%	38.8%	10.4%	-25.2%	23.5%	4.4%	0.0%	-1.0%
Free cash flow margin	2.0%	15.4%	5.7%	3.3%	17.1%	4.7%	-0.3%	3.2%	0.3%	5.1%
Return on equity	-44.4%	5.9%	5.7%	28.8%	8.0%	-16.7%	14.1%	3.3%	0.0%	-0.9%
Return on assets	-18.3%	3.0%	3.0%	14.9%	3.3%	-7.4%	7.0%	1.4%	0.0%	-0.3%
Current ratio	2.85	2.44	3.30	3.20	1.84	1.90	1.89	1.59	1.97	2.33
Debt to equity	0.73	0.47	0.42	0.39	0.58	0.52	0.47	0.74	0.83	0.79

Income statement

Income statement
Line item	Q3 2026 Jun 30, 2026	Q2 2026 Mar 31, 2026	Q1 2026 Dec 31, 2025	Q4 2025* Sep 30, 2025	Q3 2025 Jun 30, 2025	Q2 2025 Mar 31, 2025	Q1 2025 Dec 31, 2024	Q4 2024* Sep 30, 2024	Q3 2024 Jun 30, 2024	Q2 2024 Mar 31, 2024	Q1 2024 Dec 31, 2023	Q4 2023* Sep 30, 2023
Revenue	$497.00M	$482.00M	$386.00M	$477.00M	$463.00M	$479.00M	$405.00M	$522.00M	$544.00M	$575.00M	$473.00M	$517.00M
Cost of revenue	$327.00M	$335.00M	$281.00M	$318.00M	$331.00M	$332.00M	$294.00M	$348.00M	$358.00M	$414.00M	$375.00M	$389.00M
Gross profit	$170.00M	$147.00M	$105.00M	$159.00M	$132.00M	$147.00M	$111.00M	$174.00M	$186.00M	$161.00M	$98.00M	$128.00M
Research and development	$15.00M	$14.00M	$13.00M	$13.00M	$13.00M	$14.00M	$13.00M	$13.00M	$15.00M	$14.00M	$12.00M	$14.00M
Selling, general and admin	$99.00M	$79.00M	$86.00M	$76.00M	$106.00M	$85.00M	$78.00M	$101.00M	$114.00M	$106.00M	$83.00M	$109.00M
Operating income	$43.00M	$39.00M	-$6.00M	$61.00M	-$708.00M	$51.00M	-$179.00M	$31.00M	-$61.00M	$21.00M	-$18.00M	-$10.00M
Pre-tax income	$56.00M	$20.00M	-$15.00M	$65.00M	-$704.00M	$39.00M	-$209.00M	$25.00M	-$70.00M	$17.00M	$4.00M	-$37.00M
Income tax	$15.00M	$5.00M	-$1.00M	$32.00M	$15.00M	$9.00M	-$43.00M	$6.00M	-$101.00M	-$104.00M	-$24.00M	-$29.00M
Net income	$16.00M	$16.00M	-$12.00M	$32.00M	-$742.00M	$31.00M	-$165.00M	$16.00M	$6.00M	$120.00M	$26.00M	-$4.00M
EPS, basic	$0.35	$0.34	-$0.26	-	-$16.21	$0.65	-$3.50	$0.35	$0.12	$2.42	$0.51	-$0.04
EPS, diluted	$0.35	$0.34	-$0.26	-	-$16.21	$0.65	-$3.50	$0.34	$0.12	$2.39	$0.51	-$0.03
Diluted shares	46	46	46	-	46	47	47	-	51.0M	51.0M	51.0M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Jun 30, 2026	Q2 2026 Mar 31, 2026	Q1 2026 Dec 31, 2025	Q4 2025* Sep 30, 2025	Q3 2025 Jun 30, 2025	Q2 2025 Mar 31, 2025	Q1 2025 Dec 31, 2024	Q4 2024* Sep 30, 2024	Q3 2024 Jun 30, 2024	Q2 2024 Mar 31, 2024	Q1 2024 Dec 31, 2023	Q4 2023* Sep 30, 2023
Cash and equivalents	$440.00M	$343.00M	$304.00M	$215.00M	$207.00M	$168.00M	$219.00M	$300.00M	$399.00M	$439.00M	$440.00M	$417.00M
Receivables	$256.00M	$244.00M	$190.00M	$242.00M	$201.00M	$226.00M	$163.00M	$243.00M	$224.00M	$260.00M	$194.00M	$338.00M
Inventory	$490.00M	$506.00M	$565.00M	$568.00M	$567.00M	$542.00M	$528.00M	$545.00M	$532.00M	$550.00M	$588.00M	$626.00M
Current assets	$1.29B	$1.21B	$1.15B	$1.21B	$1.12B	$1.07B	$1.07B	$1.20B	$1.39B	$1.43B	$1.36B	$1.51B
Goodwill	$700.00M	$700.00M	$707.00M	$705.00M	$705.00M	$1.36B	$1.33B	$1.38B	$1.35B	$1.38B	$1.40B	$1.36B
Total assets	$4.58B	$4.50B	$4.52B	$4.61B	$4.62B	$5.23B	$5.23B	$5.64B	$5.75B	$5.95B	$5.87B	$5.94B
Current liabilities	$424.00M	$395.00M	$366.00M	$423.00M	$420.00M	$463.00M	$425.00M	$490.00M	$464.00M	$453.00M	$414.00M	$456.00M
Short-term debt	$0	$0	$0	$0	$0	$50.00M	-	$0	$0	$0	$0	$0
Long-term debt	$1.37B	$1.37B	$1.39B	$1.38B	$1.38B	$1.34B	$1.31B	$1.35B	$1.32B	$1.33B	$1.34B	$1.31B
Total debt	$1.37B	$1.37B	$1.39B	$1.38B	$1.38B	$1.39B	$1.31B	$1.35B	$1.32B	$1.33B	$1.34B	$1.31B
Total liabilities	-	-	-	$2.71B	-	-	-	$2.78B	-	-	-	$2.84B
Shareholders' equity	$1.87B	$1.87B	$1.88B	$1.90B	$1.89B	$2.56B	$2.59B	$2.87B	$2.97B	$3.13B	$3.05B	$3.10B

Cash flow

Cash flow
Line item	Q3 2026 Jun 30, 2026	Q2 2026 Mar 31, 2026	Q1 2026 Dec 31, 2025	Q4 2025* Sep 30, 2025	Q3 2025 Jun 30, 2025	Q2 2025 Mar 31, 2025	Q1 2025 Dec 31, 2024	Q4 2024* Sep 30, 2024	Q3 2024 Jun 30, 2024	Q2 2024 Mar 31, 2024	Q1 2024 Dec 31, 2023	Q4 2023* Sep 30, 2023
Operating cash flow	$120.00M	$50.00M	$125.00M	$40.00M	$115.00M	$9.00M	-$30.00M	$80.00M	$127.00M	$54.00M	$201.00M	$131.00M
Capital expenditures	$20.00M	$17.00M	$14.00M	$34.00M	$20.00M	$21.00M	$23.00M	$38.00M	$29.00M	$34.00M	$36.00M	$69.00M
Free cash flow	$100.00M	$33.00M	$111.00M	$6.00M	$95.00M	-$12.00M	-$53.00M	$42.00M	$98.00M	$20.00M	$165.00M	$62.00M
Investing cash flow	$4.00M	$16.00M	$2.00M	-$3.00M	$1.00M	$17.00M	-$18.00M	$3.00M	-$5.00M	-$23.00M	-$26.00M	-$52.00M
Financing cash flow	-$20.00M	-$19.00M	-$21.00M	-$18.00M	-$70.00M	-$69.00M	-$22.00M	-$169.00M	-$151.00M	-$20.00M	-$139.00M	-$5.00M
Dividends paid	$19.00M	$19.00M	$19.00M	$19.00M	$19.00M	$19.00M	$19.00M	$19.00M	$20.00M	$19.00M	$20.00M	$20.00M
Share repurchases	$0	-	-	$0	$0	$100.00M	$0	$150.00M	$130.00M	$0	$100.00M	$0
Stock-based compensation	$4.00M	$5.00M	$4.00M	$3.00M	$2.00M	$5.00M	$4.00M	$5.00M	$3.00M	$6.00M	$1.00M	$5.00M
Depreciation and amortization	$48.00M	$45.00M	$48.00M	$50.00M	$76.00M	$60.00M	$51.00M	$53.00M	$61.00M	$83.00M	$77.00M	$62.00M

Key ratios

Key ratios
Line item	Q3 2026 Jun 30, 2026	Q2 2026 Mar 31, 2026	Q1 2026 Dec 31, 2025	Q4 2025* Sep 30, 2025	Q3 2025 Jun 30, 2025	Q2 2025 Mar 31, 2025	Q1 2025 Dec 31, 2024	Q4 2024* Sep 30, 2024	Q3 2024 Jun 30, 2024	Q2 2024 Mar 31, 2024	Q1 2024 Dec 31, 2023	Q4 2023* Sep 30, 2023
Revenue growth, YoY	7.3%	0.6%	-4.7%	-8.6%	-14.9%	-16.7%	-14.4%	1.0%	-0.4%	-4.6%	-9.9%	-18.2%
Net income growth, YoY	-	-48.4%	-	100.0%	-	-74.2%	-	-	-88.0%	31.9%	-35.0%	-
EPS growth, YoY	-	-47.7%	-	-	-	-	-	-	-87.2%	43.1%	-30.1%	-
Gross margin	34.2%	30.5%	27.2%	33.3%	28.5%	30.7%	27.4%	33.3%	34.2%	28.0%	20.7%	24.8%
Operating margin	8.7%	8.1%	-1.6%	12.8%	-152.9%	10.6%	-44.2%	5.9%	-11.2%	3.7%	-3.8%	-1.9%
Net margin	3.2%	3.3%	-3.1%	6.7%	-160.3%	6.5%	-40.7%	3.1%	1.1%	20.9%	5.5%	-0.8%
Free cash flow margin	20.1%	6.8%	28.8%	1.3%	20.5%	-2.5%	-13.1%	8.0%	18.0%	3.5%	34.9%	12.0%
Current ratio	3.05	3.06	3.15	2.85	2.68	2.32	2.52	2.44	2.98	3.15	3.30	3.30
Debt to equity	0.73	0.74	0.74	0.73	0.73	0.54	0.51	0.47	0.45	0.42	0.44	0.42

Source: XBRL data Ashland Inc. files with the SEC, latest filing dated Jul 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ASH peers

Company	Revenue	Growth	Net income	Net margin	Market cap
ASH	$1.84B	-1.4%	$52.00M	2.8%	$3.51B
CSLCarlisle Companies Incorporated	$5.21B	+4.0%	$718.40M	13.8%	$14.52B
CLXClorox Company	$6.76B	-3.7%	$756.00M	11.2%	$12.11B
HWKNHawkins Inc.	$1.14B	+9.0%	$85.81M	7.5%	$3.14B
NPTTexxon Holding Limited	$797.15M	+18.5%	-$932.6K	-0.1%	$41.5M
ZONEZone Frontier Inc.	$3.41M	+64.3%	-$174.16M	-5112.7%	$26.2M
YHGJYunhong Green CTI Ltd.	$19.50M	+2.8%	-$2.81M	-14.4%	$8.9M

ASH FAQ

8 questions

What is ASH revenue?
Ashland Inc. (ASH) reported $1.84B of revenue for the twelve months ended Jun 30, 2026. That is down 1.4% from the year before. Revenue for fiscal 2025 was $1.82B.
Is ASH profitable?
Yes. Ashland Inc. earned $52.00M in net income for the twelve months ended Jun 30, 2026, a net margin of 2.8%.
How much cash and debt does ASH have?
Ashland Inc. reported $440.00M in cash and cash equivalents and $1.37B of debt on its most recent balance sheet in SEC filings.
How fast is ASH revenue growing?
Ashland Inc.'s revenue changed -13.7% in fiscal 2025, to $1.82B. Its compound annual growth rate was -2.0% over 5 years and -6.1% over 10 years.
What is ASH gross margin?
Ashland Inc.'s gross profit was $581.00M on $1.84B of revenue for the twelve months ended Jun 30, 2026, a gross margin of 31.5%.
What is ASH free cash flow?
Ashland Inc. generated $250.00M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $335.00M less capital expenditures.
When did ASH last report financial results?
The latest statements here come from Ashland Inc.'s 10-Q filed on Jul 29, 2026, covering the period ended Jun 30, 2026.
Where does this ASH financial data come from?
Quantisnow builds these statements from the structured XBRL data Ashland Inc. files with the SEC. It is provided for information only and is not investment advice.