Albemarle Corporation

ALB Basic Materials Specialty Chemicals

Albemarle Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.1 billion, down 4.37% from fiscal 2024.

Revenue
+18.8%
EPS
+225.6%
Free cash flow
+708.4%
Total debt
−48.1%

Quarter to September 2026, against a year earlier

98.44 3.47 +3.65%
Market cap
$11.6B
P/E
22.6×
Fwd P/E
9.9×
Dividend yield
1.65%
F-score
6/9
Altman Z
2.31
Beneish M
−3.71
Dividend safety
47/100

Revenue by segment Fiscal 2022

  • Energy Storage
  • Specialties
  • Ketjen

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 7.35
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 2 1 — 1 — — — — — —
Insider Ownership 0.27%

Capital & Financial Ratios $m

Size
Market Cap 11,610.00
Revenue ttm 6,153.17
Net income ttm 743.10
Free cash flow ttm 1,351.43
Net debt Q 35.35
Valuation
P/E 22.58
Forward P/E 9.89
Price / sales 1.89
Forward P/S Powerpack
Price / FCF 8.60
Price / book 1.35
Financial health
Current ratio Q 2.34 (at or above 1.5: strong)
Debt / equity Q 0.17 (at or below 0.5: strong)
Interest coverage Q 5.33
Growth
Revenue growth Q +18.75% (above 0%: growing)
Operating income growth Q +168.28% (above 0%: growing)
EPS, this year +1,468.60% (at or above 15%: strong)
EPS, next year A −21.40% (below 0%: weak)
Revenue, next year A +18.03% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A −6.21% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 50.61%
10-year low 10-year high
P/S against its own 10 years 18.08%
10-year low 10-year high
P/B against its own 10 years 11.33%
10-year low 10-year high
EV/Sales against its own 10 years 9.46%
10-year low 10-year high
EV/FCF against its own 10 years 1.39%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.65%
Annual rate
1.63
Payout ratio
39.3%
Growth, 2017–25
+2.99%/yr
  1. 1.28 ’17
  2. 1.34 ’18 +5
  3. 1.47 ’19 +10
  4. 1.54 ’20 +5
  5. 1.56 ’21 +1
  6. 1.58 ’22 +1
  7. 1.60 ’23 +1
  8. 1.61 ’24 +1
  9. 1.62 ’25 +1
  10. 1.61 ’26e −1
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 890 1,192 1,618 1,846
Receivables 1,722 981 699 751
Inventory 2,161 1,503 1,179 1,393
Other 443 167 512 243
5,217 3,842 4,008 4,233
2023 2024 2025 Q'26
Payables 2,088 944 914 —
ST’ Debt 626 398 74 75
Other — — 192 —
3,560 1,966 1,798 1,806

Compound Annual Growth %

10y 5y 3y
Sales 6.17% 10.45% (11.10%)
Cash Flow 13.52% 9.92% (12.41%)
Earnings 0.00% 0.00% 0.00%
Book Value 11.14% 16.96% 6.09%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 2.34 3.52 2.15 — —
’25 0.00 (0.16) (1.72) (3.87) (5.76)
’24 (0.08) (1.96) (9.45) 0.29 (11.20)
’23 10.51 5.52 2.57 (5.26) 13.36
’22 2.15 3.46 7.61 9.60 22.84
’21 0.84 3.62 (3.36) (0.03) 1.06
’20 1.01 0.80 0.92 0.79 3.52
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,429 1,743 1,553 — —
’25 1,077 1,330 1,308 1,428 5,143
’24 1,361 1,430 1,355 1,232 5,378
’23 2,580 2,370 2,311 2,356 9,617
’22 1,128 1,480 2,092 2,621 7,320
’21 829 774 831 894 3,328
’20 739 764 747 879 3,129
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 346 710 — — —
’25 547 (9) 356 388 1,282
’24 98 367 227 (4) 688
’23 721 74 629 (97) 1,327
’22 206 (146) 895 952 1,908
’21 158 228 105 (146) 344
’20 155 53 254 337 799
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 248 638 — — —
’25 365 (105) 225 240 725
’24 (481) (88) (76) (318) (964)
’23 305 (430) 83 (786) (828)
’22 (26) (417) 582 507 646
’21 (22) 11 (151) (447) (609)
’20 (59) (152) 51 108 (52)
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −4.8% a year for ten years.

Implied
−4.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,677 3,072 3,375 3,589 3,129 3,328 7,320 9,617 5,378 5,143 6,153 +7.5% 6,070 6,160 6,401 +7.6%
Gross margin, % 36.24 36.01 36.07 35.04 31.80 29.99 42.00 12.33 1.16 13.00 25.84 (23.2) pt
EBT 515 447 795 563 374 134 2,433 247 (1,764) (552) 544 n/m
EBT margin, % 19.25 14.54 23.55 15.68 11.94 4.02 33.24 2.57 (32.80) (10.74) 8.84 (30.0) pt
Net income 681 99 739 604 447 200 2,815 1,671 (1,135) (465) 743 n/m
Per share, $
Per share, $ Revenue 23.82 27.70 31.13 33.88 29.41 28.73 62.50 81.98 45.76 43.71 52.14 +7.0%
Earnings 5.73 0.49 6.40 5.03 3.53 1.07 22.97 13.41 (11.20) (5.76) 4.36 n/m
Cash flow 6.55 2.74 5.04 6.79 7.51 2.97 16.29 11.31 5.85 10.90 0.00 +5.8%
Capex (1.75) (2.86) (6.46) (7.94) (7.99) (8.23) (10.77) (18.37) (14.05) (4.73) 0.00 +11.7%
Free cash flow 4.80 (0.12) (1.42) (1.15) (0.48) (5.26) 5.52 (7.06) (8.20) 6.16 0.00 +2.8%
Book value 35.08 34.42 34.67 38.64 42.00 50.12 69.94 82.38 86.79 83.13 91.69 +10.1%
Shares, m 112 111 108 106 106 116 117 117 118 118 118 +0.5%
Valuation, ×
Valuation, × P/E 15.39 274.02 12.08 14.52 41.79 214.47 9.34 10.94 0.00 0.00 22.58 59.3
P/S 3.70 4.75 2.48 2.16 5.02 8.14 3.43 1.79 1.88 3.24 1.89 3.7
P/B 2.51 3.82 2.22 1.89 3.51 4.66 3.07 1.78 1.27 2.21 1.35 2.7
EV/Sales 3.73 4.98 2.82 2.83 5.92 8.72 3.67 2.13 2.31 3.54 1.89 4.1
EV/FCF 18.55 (1,114.00) (61.80) (83.36) (359.21) (47.64) 41.54 (24.77) (12.91) 25.12 8.62 (161.8)
Cash, $m
Cash, $m Operating cash flow 736 304 546 719 799 344 1,908 1,327 688 1,282 1,800 +6.4%
Capex (197) (318) (700) (841) (850) (954) (1,262) (2,155) (1,651) (557) (449) +12.3%
Free cash flow 539 (14) (154) (122) (52) (609) 646 (828) (964) 725 1,351 +3.4%
Balance, $m
Balance, $m Working capital 2,167 1,277 815 816 404 119 2,446 1,656 1,876 2,210 2,427 +0.2%
Net debt 100 700 1,150 2,437 2,825 1,955 1,718 3,277 2,324 1,576 35 +35.9%
Shareholders’ equity 3,943 3,818 3,759 4,094 4,469 5,806 8,191 9,665 10,200 9,781 10,820 +10.6%
Returns, %
Returns, % ROA 7.25 0.69 9.05 6.11 3.70 1.15 20.35 9.33 (7.55) (4.11) 3.10 (11.4) pt
ROIC 9.29 7.91 11.61 6.37 4.33 6.43 15.58 1.22 (8.87) (2.02) 3.55 (11.3) pt
ROE 17.53 1.41 18.31 13.58 8.78 2.41 38.44 17.62 (14.93) (8.73) 6.20 (26.3) pt
People
People Employees 5,000 5,400 5,900 6,000 5,900 6,000 7,400 9,000 8,300 7,800 — +5.1%
Revenue/emp, $m 0.54 0.57 0.57 0.60 0.53 0.55 0.99 1.07 0.65 0.66 — +2.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Business profile

Updated

Albemarle makes lithium and bromine products used by manufacturers in batteries, electronics, vehicles, pharmaceuticals and other markets. It was founded on 1994-02-28 and has its headquarters in Baton Rouge; its principal executive offices are in Charlotte, North Carolina. Kent Masters is chief executive officer.

Its Energy Storage business develops and manufactures lithium compounds, including lithium carbonate and lithium hydroxide. Battery manufacturers use lithium in products for electric vehicles, consumer electronics and power-grid storage. Lithium also has uses outside batteries, including specialty glass and greases.

Where the money comes from and where it goes Fiscal 2022

Fiscal 2022: revenue by segment, and margins
Energy Storage 4,661 63.67%
Specialties 1,760 24.04%
Ketjen 900 12.29%
Gross margin 42.00%
Operating margin 33.74%
Pre-tax margin 33.24%

Revenue by segment since 2009

Albemarle Corporation vs peers in Specialty Chemicals (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RPM RPM International Inc. $13.5B 19.5× 17.3× +4.82% (above 0%: growing) +13.48% (above 0%: growing) +33.14% (above 0%: growing) 41.25% 15.99% Compare
ALB Albemarle Corporation $11.6B 22.6× 9.9× +18.75% (above 0%: growing) n/m +708.43% (above 0%: growing) 19.36% 9.54%
SSL Sasol Ltd. $9.6B 3.3× 5.5× −5.20% (below 0%: shrinking) +20.86% (above 0%: growing) +6,912.65% (above 0%: growing) 31.35% 0.00% Compare
SOLS Solstice Advanced Materials Inc. $8.8B 26.5× 20.5× +7.95% (above 0%: growing) −11.11% (below 0%: shrinking) +276.34% (above 0%: growing) 32.98% 15.68% Compare
WLK Westlake Corporation $8.5B — (loss-making) 36.7× +5.04% (above 0%: growing) n/m +485.96% (above 0%: growing) 12.81% 1.44% Compare
SQM Sociedad Quimica y Minera S.A. $8.1B 10.6× 7.4× +138.12% (above 0%: growing) +381.25% (above 0%: growing) −63.75% (below 0%: shrinking) 51.05% 48.62% Compare
AXTA Axalta Coating Systems Ltd. $7.8B 23.3× 18.8× +1.79% (above 0%: growing) −12.96% (below 0%: shrinking) +2.30% (above 0%: growing) 33.10% 12.59% Compare
EMN Eastman Chemical Company $7.5B 12.0× 11.5× +8.31% (above 0%: growing) +266.44% (above 0%: growing) −26.42% (below 0%: shrinking) 22.31% 12.79% Compare
ESI Element Solutions Inc. $7.5B 36.4× 30.7× +51.70% (above 0%: growing) +68.75% (above 0%: growing) +53.88% (above 0%: growing) 34.40% 11.44% Compare
Median of peers $8.3B 19.5× 18.1× +6.50% +20.86% +43.51% 33.04% 12.69%

All 61 Specialty Chemicals stocks →

From the latest earnings call

Updated

  • CEO Kent Masters said year-to-date cost and productivity improvements exceeded $150 million, while CFO Neal Sheorey said higher lithium pricing supported Energy Storage results.
  • CFO Neal Sheorey expects fourth-quarter Energy Storage sales and adjusted EBITDA to decline sequentially if lower lithium market prices persist, while volumes remain steady.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Mizuho Oct 25, 2026 Reiterated — —
Argus Oct 11, 2026 Target cut Buy 230.00 → 135.00
UBS Oct 11, 2026 Target cut Buy 150.00
BMO Capital Oct 11, 2026 Target cut Outperform 200.00 → 175.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 97.27%
Held by the ten largest 48.58%
Holder Shares Stake Change
Vanguard 15.20m 12.88% +167.20k
Capital Group 9.92m 8.41% +66.91k
BlackRock 9.50m 8.05% +766.75k
State Street 5.50m 4.66% +275.68k
Barclays 3.30m 2.79% +2.06m
Geode Capital Management 3.13m 2.65% −304.05k
Morgan Stanley 2.90m 2.45% +648.00k
Fidelity (FMR) 2.69m 2.28% +2.45m
PRIMECAP Management 2.65m 2.25% −12.70k
Bank of America 2.54m 2.16% −433.01k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 24 March 2026

Ownership

Directors and executive officers, together less than 1%
100 Vanguard Boulevard, Malvern, PA 11.90%
333 South Hope Street, 8.60%
50 Hudson Yards, New York, NY 8.20%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Albemarle Corporation (ALB) Latest News

4 Nov

Impact 3 · · PR Newswire

23 Oct

18 Oct

Impact 4 · · TheStreet

11 Oct

ALB metrics, ten years each

stockrow.com/ALB · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com