NYSE:ASH
Ashland Inc.
Ashland Inc.'s revenue fell 13.7% in fiscal 2025 to $1.8B while operating margin fell to −42.5%, its lowest in 10 years. Free cash flow was $36.0M, 2.0% of revenue, and the diluted share count fell 8.0%.Summary generated from Ashland Inc.'s SEC filings. Latest annual report filed Nov 20, 2025.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$1.8B
Revenue growth−13.7%
Revenue, 5-yr CAGR−2.0%
Gross margin30.1%
Operating margin−42.5%
Net margin−46.3%
ROIC−17.5%
Return on equity−35.4%
Debt / equity0.73
Free cash flow$36.0M
FCF margin2.0%
Share count change−8.0%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 2,111 | 2,391 | 2,191 | 2,113 | 1,824 |
| Operating income | 192 | 333 | 172 | −26 | −775 |
| Net income | 220 | 927 | 178 | 169 | −845 |
| Free cash flow | 361 | 80 | 124 | 325 | 36 |
Recent filings
- 4Insider transaction report
Oct 1, 2026 - 4Insider transaction report
Oct 1, 2026 - 8-KEntry into a material agreement
Sep 25, 2026 - 8-K/AAmended director or officer change
Aug 10, 2026 - 8-KEntry into a material agreement
Jul 31, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 29, 2026 - 8-KEntry into a material agreement
Jul 28, 2026 - 8-KResults of operations and financial condition
Jul 28, 2026