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Side-by-side financial comparison of INNOSPEC INC. (IOSP) and Loews Corporation (L). Click either name above to swap in a different company.

Loews Corporation is the larger business by last-quarter revenue ($827.0M vs $455.6M, roughly 1.8× INNOSPEC INC.). Loews Corporation runs the higher net margin — 48.6% vs 10.4%, a 38.2% gap on every dollar of revenue. On growth, Loews Corporation posted the faster year-over-year revenue change (4.8% vs -2.4%). Loews Corporation produced more free cash flow last quarter ($426.0M vs $46.8M). Over the past eight quarters, Loews Corporation's revenue compounded faster (7.9% CAGR vs -4.6%).

Innospec Inc., formerly known as Octel Corporation and Associated Octel Company, Ltd., is an American specialty chemical company. It comprises three business units:The Performance Chemicals business trades in the personal care, home care, agrochemical, mining and industrial markets. The Fuel Specialties business specializes in manufacturing and supplying fuel additives. The Oilfield Services business supplies drilling, completion and production chemicals.

Loews Corporation is a diversified US-based conglomerate that operates across multiple key industry segments through its subsidiaries. Its core business lines include property and casualty insurance, natural gas pipeline transportation, hospitality services, and upstream oil and gas exploration and production, primarily serving commercial, consumer and industrial clients across North American markets.

IOSP vs L — Head-to-Head

Bigger by revenue
L
L
1.8× larger
L
$827.0M
$455.6M
IOSP
Growing faster (revenue YoY)
L
L
+7.2% gap
L
4.8%
-2.4%
IOSP
Higher net margin
L
L
38.2% more per $
L
48.6%
10.4%
IOSP
More free cash flow
L
L
$379.2M more FCF
L
$426.0M
$46.8M
IOSP
Faster 2-yr revenue CAGR
L
L
Annualised
L
7.9%
-4.6%
IOSP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IOSP
IOSP
L
L
Revenue
$455.6M
$827.0M
Net Profit
$47.4M
$402.0M
Gross Margin
28.0%
Operating Margin
10.3%
65.4%
Net Margin
10.4%
48.6%
Revenue YoY
-2.4%
4.8%
Net Profit YoY
167.3%
115.0%
EPS (diluted)
$1.90
$1.93

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IOSP
IOSP
L
L
Q4 25
$455.6M
$827.0M
Q3 25
$441.9M
$732.0M
Q2 25
$439.7M
$769.0M
Q1 25
$440.8M
$846.0M
Q4 24
$466.8M
$789.0M
Q3 24
$443.4M
$683.0M
Q2 24
$435.0M
$711.0M
Q1 24
$500.2M
$710.0M
Net Profit
IOSP
IOSP
L
L
Q4 25
$47.4M
$402.0M
Q3 25
$12.9M
$504.0M
Q2 25
$23.5M
$391.0M
Q1 25
$32.8M
$370.0M
Q4 24
$-70.4M
$187.0M
Q3 24
$33.4M
$401.0M
Q2 24
$31.2M
$369.0M
Q1 24
$41.4M
$457.0M
Gross Margin
IOSP
IOSP
L
L
Q4 25
28.0%
Q3 25
26.4%
Q2 25
28.0%
Q1 25
28.4%
Q4 24
29.2%
Q3 24
28.0%
Q2 24
29.2%
Q1 24
31.1%
Operating Margin
IOSP
IOSP
L
L
Q4 25
10.3%
65.4%
Q3 25
1.3%
94.1%
Q2 25
7.8%
70.1%
Q1 25
9.6%
60.8%
Q4 24
8.8%
23.8%
Q3 24
10.3%
80.5%
Q2 24
9.4%
71.3%
Q1 24
10.1%
88.6%
Net Margin
IOSP
IOSP
L
L
Q4 25
10.4%
48.6%
Q3 25
2.9%
68.9%
Q2 25
5.3%
50.8%
Q1 25
7.4%
43.7%
Q4 24
-15.1%
23.7%
Q3 24
7.5%
58.7%
Q2 24
7.2%
51.9%
Q1 24
8.3%
64.4%
EPS (diluted)
IOSP
IOSP
L
L
Q4 25
$1.90
$1.93
Q3 25
$0.52
$2.43
Q2 25
$0.94
$1.87
Q1 25
$1.31
$1.74
Q4 24
$-2.80
$0.87
Q3 24
$1.33
$1.82
Q2 24
$1.24
$1.67
Q1 24
$1.65
$2.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IOSP
IOSP
L
L
Cash + ST InvestmentsLiquidity on hand
$292.5M
$6.0B
Total DebtLower is stronger
$8.4B
Stockholders' EquityBook value
$1.3B
$18.7B
Total Assets
$1.8B
$86.3B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOSP
IOSP
L
L
Q4 25
$292.5M
$6.0B
Q3 25
$270.8M
$5.4B
Q2 25
$266.6M
$4.5B
Q1 25
$299.8M
$4.4B
Q4 24
$289.2M
$4.6B
Q3 24
$303.8M
$5.2B
Q2 24
$240.2M
$4.9B
Q1 24
$270.1M
$5.4B
Total Debt
IOSP
IOSP
L
L
Q4 25
$8.4B
Q3 25
$8.4B
Q2 25
$7.9B
Q1 25
$8.4B
Q4 24
$8.9B
Q3 24
$8.8B
Q2 24
$8.6B
Q1 24
$8.4B
Stockholders' Equity
IOSP
IOSP
L
L
Q4 25
$1.3B
$18.7B
Q3 25
$1.3B
$18.3B
Q2 25
$1.3B
$17.5B
Q1 25
$1.3B
$17.2B
Q4 24
$1.2B
$17.1B
Q3 24
$1.2B
$17.4B
Q2 24
$1.2B
$16.4B
Q1 24
$1.2B
$16.2B
Total Assets
IOSP
IOSP
L
L
Q4 25
$1.8B
$86.3B
Q3 25
$1.8B
$85.9B
Q2 25
$1.8B
$84.7B
Q1 25
$1.8B
$83.1B
Q4 24
$1.7B
$81.9B
Q3 24
$1.8B
$83.6B
Q2 24
$1.7B
$81.1B
Q1 24
$1.7B
$80.9B
Debt / Equity
IOSP
IOSP
L
L
Q4 25
0.45×
Q3 25
0.46×
Q2 25
0.45×
Q1 25
0.49×
Q4 24
0.52×
Q3 24
0.51×
Q2 24
0.52×
Q1 24
0.52×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IOSP
IOSP
L
L
Operating Cash FlowLast quarter
$61.4M
$617.0M
Free Cash FlowOCF − Capex
$46.8M
$426.0M
FCF MarginFCF / Revenue
10.3%
51.5%
Capex IntensityCapex / Revenue
3.2%
23.1%
Cash ConversionOCF / Net Profit
1.30×
1.53×
TTM Free Cash FlowTrailing 4 quarters
$88.0M
$2.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOSP
IOSP
L
L
Q4 25
$61.4M
$617.0M
Q3 25
$39.3M
$920.0M
Q2 25
$9.3M
$1.0B
Q1 25
$28.3M
$736.0M
Q4 24
$25.7M
$941.0M
Q3 24
$73.5M
$934.0M
Q2 24
$4.7M
$952.0M
Q1 24
$80.6M
$198.0M
Free Cash Flow
IOSP
IOSP
L
L
Q4 25
$46.8M
$426.0M
Q3 25
$25.0M
$764.0M
Q2 25
$-3.7M
$872.0M
Q1 25
$19.9M
$638.0M
Q4 24
$13.6M
$767.0M
Q3 24
$65.8M
$794.0M
Q2 24
$-6.2M
$793.0M
Q1 24
$69.9M
$39.0M
FCF Margin
IOSP
IOSP
L
L
Q4 25
10.3%
51.5%
Q3 25
5.7%
104.4%
Q2 25
-0.8%
113.4%
Q1 25
4.5%
75.4%
Q4 24
2.9%
97.2%
Q3 24
14.8%
116.3%
Q2 24
-1.4%
111.5%
Q1 24
14.0%
5.5%
Capex Intensity
IOSP
IOSP
L
L
Q4 25
3.2%
23.1%
Q3 25
3.2%
21.3%
Q2 25
3.0%
17.4%
Q1 25
1.9%
11.6%
Q4 24
2.6%
22.1%
Q3 24
1.7%
20.5%
Q2 24
2.5%
22.4%
Q1 24
2.1%
22.4%
Cash Conversion
IOSP
IOSP
L
L
Q4 25
1.30×
1.53×
Q3 25
3.05×
1.83×
Q2 25
0.40×
2.57×
Q1 25
0.86×
1.99×
Q4 24
5.03×
Q3 24
2.20×
2.33×
Q2 24
0.15×
2.58×
Q1 24
1.95×
0.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IOSP
IOSP

Refinery And Performance$147.0M32%
Personal Care$99.7M22%
Oilfield Services$93.1M20%
Other Fuel Specialties$47.1M10%
Other Performance Chemicals$40.0M9%
Home Care$28.7M6%

L
L

Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services$601.0M73%
Lodging And Related Services$226.0M27%

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