ASHLAND INC.ASHEarnings & Financial Report
Ashland, Inc., is an American chemical company headquartered in Wilmington, Delaware. The company began as an oil refinery in the city of Ashland, Kentucky, in 1924, before moving to Wilmington in 1994. The company has five wholly owned divisions, which include Chemical Intermediates and Solvents, composites, industrial specialties, personal and home care, pharmaceuticals, food and beverage, and agriculture. Until 2017, the company was the primary manufacturer of Valvoline.
ASH Q1 2026 Key Financial Metrics
Revenue
$386.0M
Gross Profit
$105.0M
Operating Profit
$-6.0M
Net Profit
$-12.0M
Gross Margin
27.2%
Operating Margin
-1.6%
Net Margin
-3.1%
YoY Growth
-4.7%
EPS
$-0.26
Financial Flow
ASHLAND INC. Q1 2026 Financial Summary
ASHLAND INC. reported revenue of $386.0M (down 4.7% YoY) for Q1 2026, with a net profit of $-12.0M (up 92.7% YoY) (-3.1% margin). Cost of goods sold was $281.0M, operating expenses totaled $111.0M.
Key Financial Metrics
| Total Revenue | $386.0M |
|---|---|
| Net Profit | $-12.0M |
| Gross Margin | 27.2% |
| Operating Margin | -1.6% |
| Report Period | Q1 2026 |
Revenue Breakdown
ASHLAND INC. Q1 2026 revenue of $386.0M breaks down across 7 segments, led by Personal Care And Household at $123.0M (31.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Personal Care And Household | $123.0M | 31.9% |
| Other | $120.0M | 31.1% |
| Specialty Additives | $36.0M | 9.3% |
| Intermediates And Solvents | $31.0M | 8.0% |
| Personal Care | $30.0M | 7.8% |
| Life Sciences | $27.0M | 7.0% |
| Intermediates | $19.0M | 4.9% |
ASHLAND INC. Revenue by Segment — Quarterly Trend
ASHLAND INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Personal Care And Household and Other) has evolved quarter over quarter.
| Segment | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|
| Personal Care And Household | $123.0M | — | $147.0M | $146.0M |
| Other | $120.0M | — | $149.0M | $154.0M |
| Specialty Additives | $36.0M | — | $47.0M | $46.0M |
| Intermediates And Solvents | $31.0M | — | $33.0M | $37.0M |
| Personal Care | $30.0M | — | $35.0M | $41.0M |
ASHLAND INC. Annual Revenue by Year
ASHLAND INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.8B). Click any linked year to see what changed vs the prior annual report.
ASHLAND INC. Quarterly Revenue & Net Profit History
ASHLAND INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 2026 | $386.0M | -4.7% | $-12.0M | -3.1% |
| Q4 2025 | $477.0M | -8.4% | $31.0M | 6.5% |
| Q3 2025 | $463.0M | -14.9% | $-742.0M | -160.3% |
| Q2 2025 | $479.0M | -16.7% | $31.0M | 6.5% |
| Q1 2025 | $405.0M | -14.4% | $-165.0M | -40.7% |
| Q4 2024 | $521.0M | +0.8% | $17.0M | 3.3% |
| Q3 2024 | $544.0M | -0.4% | $6.0M | 1.1% |
| Q2 2024 | $575.0M | -4.6% | $120.0M | 20.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $575.0M | $544.0M | $521.0M | $405.0M | $479.0M | $463.0M | $477.0M | $386.0M |
| YoY Growth | -4.6% | -0.4% | 0.8% | -14.4% | -16.7% | -14.9% | -8.4% | -4.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.95B | $5.75B | $5.64B | $5.23B | $5.23B | $4.62B | $4.61B | $4.52B |
| Liabilities | $2.81B | $2.78B | $2.78B | $2.64B | $2.67B | $2.73B | $2.71B | N/A |
| Equity | $3.13B | $2.97B | $2.87B | $2.59B | $2.56B | $1.89B | $1.90B | $1.88B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $54.0M | $127.0M | $80.0M | $-30.0M | $9.0M | $115.0M | $40.0M | $125.0M |