Ashland Inc.

ASH Basic Materials Specialty Chemicals

Ashland Inc.’s revenue for fiscal 2026 (year ended September 2026) was $1.9 billion, up 2.14% from fiscal 2025.

Revenue
+4.40%
EPS
+102.2%
Free cash flow
+400.0%
Total debt
−0.94%

Quarter to September 2026, against a year earlier

76.54 0.10 +0.13%
Market cap
$3.5B
P/E
67.1×
Fwd P/E
39.4×
Dividend yield
2.18%
F-score
n/a
Altman Z
n/a
Beneish M
−2.61
Dividend safety
47/100

Ashland Inc. (ASH) Operating margin

Alert me on Operating margin

Ashland Inc.'s operating margin over the twelve months to 30 September 2026 was 5.64%. Over the past ten years it has ranged from −42.5% (fiscal 2025) to 13.9% (fiscal 2022); the current reading is higher than 75% of that period. That is in line with the Specialty Chemicals industry median of 5.64% and above the Basic Materials sector median of 2.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 5.64% 48.13
FY2025 −42.5% (41.26)
FY2024 −1.23% (9.08)
FY2023 7.85% (6.08)
FY2022 13.9% 4.83
FY2021 9.10% 31.97
FY2020 −22.9% (26.87)
FY2019 4.00% 0.06
FY2018 3.94% 1.82
FY2017 2.12% 3.78

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 5.82% (2.83)
Jun 2026 8.65% 0.56
Mar 2026 8.09% 9.64
Dec 2025 −1.55% (14.34)
43 more quarters

Against its own ten years

Low −42.5% High 13.9%
Ten-year median 3.61%
Current reading's percentile 72

Operating margin against peers

Company Operating margin
WDFC WD-40 Company compare 15.8%
PRM Perimeter Solutions, SA compare 14.5%
CBT Cabot Corporation compare 12.7%
HWKN Hawkins, Inc. compare 11.1%
FUL H. B. Fuller Company compare 10.7%
AVNT Avient Corporation compare 9.67%
KWR Quaker Houghton compare 7.61%
ASH Ashland Inc. 5.64%
CLMT Calumet, Inc. compare 1.03%
Specialty Chemicals industry median 5.64%
Basic Materials sector median 2.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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