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Element Solutions Inc.

ESI Basic Materials Specialty Chemicals

Element Solutions Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.6 billion, up 3.84% from fiscal 2024.

Revenue
+51.7%
EPS
+68.8%
Free cash flow
+53.9%
Total debt
+28.1%

Quarter to September 2026, against a year earlier

30.92 2.52 −7.54%
Market cap
$7.5B
P/E
36.4×
Fwd P/E
30.7×
Dividend yield
1.03%
F-score
7/9
Altman Z
2.25
Beneish M
−2.40
Dividend safety
69/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Electronics
  • Specialties

Every year since 2012 →

Insider Decisions last twelve months

Sold, $m 16.87
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 3 — — — — — — — — —
Insider Ownership 6.75%

Capital & Financial Ratios $m

Size
Market Cap 7,460.00
Revenue ttm 3,489.40
Net income ttm 205.20
Free cash flow ttm 183.60
Net debt Q 1,857.20
Valuation
P/E 36.38 (above 35: high)
Forward P/E 30.70
Price / sales 2.16
Forward P/S Powerpack
Price / FCF 41.01
Price / book 2.61
Financial health
Current ratio Q 2.78 (at or above 1.5: strong)
Debt / equity Q 0.72
Interest coverage Q 5.00
Growth
Revenue growth Q +51.70% (above 0%: growing)
Operating income growth Q +13.00% (above 0%: growing)
EPS, this year +23.89% (at or above 15%: strong)
EPS, next year A +17.35% (at or above 15%: strong)
Revenue, next year A +48.44% (at or above 10%: strong)
EPS, past 5 yrs +21.37% (at or above 15%: strong)
EPS, next 5 yrs A +19.96% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.7×, against a ten-year median of 2.9×; over the ten years it ranged from 1.9× in 2016 to 5.7× in 2017.
P/E against its own 10 years 63.09%
10-year low 10-year high
P/S against its own 10 years 61.53%
10-year low 10-year high
P/B against its own 10 years 88.41%
10-year low 10-year high
EV/Sales against its own 10 years 37.95%
10-year low 10-year high
EV/FCF against its own 10 years 78.87%
10-year low 10-year high

Dividends

Yield
1.03%
Annual rate
0.32
Payout ratio
37.7%
Growth, 2020–25
+45.0%/yr
  1. 0.05 ’20
  2. 0.25 ’21 +400
  3. 0.32 ’22 +28
  4. 0.32 ’23 +0
  5. 0.32 ’24 +0
  6. 0.32 ’25 +0
  7. 0.32 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 289 359 627 225
Receivables 462 440 518 736
Inventory 299 246 295 409
Other 115 202 115 160
1,198 1,270 1,583 1,577
2023 2024 2025 Q'26
Payables 141 121 166 199
ST’ Debt 12 10 — 28
Other — 19 — —
369 380 430 567

Compound Annual Growth %

10y 5y 3y
Sales 0.03% 6.60% 0.02%
Cash Flow (1.01%) 0.98% (0.69%)
Earnings 0.00% 20.31% 0.64%
Book Value 1.70% 3.02% 4.61%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.48 Actual 0.50

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.36 0.37 Beat by 0.01
Q1 FY26 0.38 0.41 Beat by 0.03
Q2 FY26 0.43 0.47 Beat by 0.04
Q3 FY26 0.48 0.50 Beat by 0.02
Q4 FY26 0.47 — Reports 16 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.23 0.32 0.27 — —
’25 0.40 0.20 0.16 0.03 0.79
’24 0.23 0.39 0.17 0.23 1.01
’23 0.18 0.12 (0.13) 0.32 0.49
’22 0.23 0.26 0.22 0.05 0.76
’21 0.33 0.33 0.15 0.01 0.82
’20 0.03 0.01 0.15 0.12 0.30
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 840 978 995 — —
’25 594 625 656 676 2,551
’24 575 613 645 624 2,457
’23 574 586 599 573 2,333
’22 680 677 619 574 2,549
’21 550 587 616 647 2,400
’20 453 387 478 537 1,854
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (67) 100 159 — —
’25 26 73 100 91 290
’24 58 67 99 139 362
’23 54 81 87 112 334
’22 (6) 74 127 101 296
’21 33 80 92 121 326
’20 61 64 70 82 276
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (92) 72 129 — —
’25 15 56 84 75 229
’24 39 52 86 116 294
’23 45 67 75 95 282
’22 (15) 66 116 87 253
’21 24 72 81 103 280
’20 51 61 63 75 249
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 26.2% a year for ten years. It grew 7.3% a year over the last ten.

Implied
26.2%
10 years, reported
7.3%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.3
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 1,770 1,879 1,961 1,836 1,854 2,400 2,549 2,333 2,457 2,551 3,489 +4.1% 3,787 4,097 4,293 +18.9%
Gross margin, % 43.91 43.32 42.71 42.94 42.40 40.04 37.37 39.37 42.15 41.96 36.56 (2.0) pt
EBT (232) (260) (53) 141 81 252 272 129 288 266 314 n/m
EBT margin, % (13.10) (13.86) (2.71) 7.67 4.38 10.49 10.67 5.53 11.71 10.41 9.00 +23.5 pt
Net income (77) (296) (320) 93 76 204 188 118 245 191 205 n/m
Per share, $
Per share, $ Revenue 7.28 6.57 6.80 7.13 7.45 9.70 10.40 9.67 10.15 10.54 14.33 +4.2%
Earnings (0.14) (1.04) (1.13) 0.36 0.30 0.82 0.76 0.49 1.01 0.79 0.85 n/m
Cash flow (0.16) (0.12) 0.00 0.66 1.11 1.32 1.21 1.38 1.50 1.20 1.16 n/m
Capex (0.10) (0.05) (0.08) (0.10) (0.11) (0.19) (0.18) (0.21) (0.28) (0.25) (0.41) +11.3%
Free cash flow (0.25) (0.17) (0.09) 0.57 1.00 1.13 1.03 1.17 1.21 0.95 0.75 n/m
Book value 11.88 10.00 7.57 8.62 9.32 10.11 9.58 9.71 9.91 11.11 11.86 (0.7%)
Shares, m 243 286 288 258 249 247 245 241 242 242 243 (0.1%)
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 31.57 57.19 29.61 23.83 46.55 24.93 31.63 36.38 24.5
P/S 1.35 1.07 1.52 1.64 2.38 2.50 1.74 2.36 2.51 2.37 2.16 1.9
P/B 0.83 1.04 1.37 1.36 1.90 2.40 1.89 2.35 2.57 2.25 2.61 1.8
EV/Sales 4.07 2.94 4.14 2.36 3.04 3.16 2.38 3.06 3.10 2.77 2.69 3.1
EV/FCF (117.78) (169.26) (324.86) 29.76 22.64 27.11 24.00 25.33 25.96 30.80 51.12 (42.6)
Cash, $m
Cash, $m Operating cash flow (38) (34) (1) 171 276 326 296 334 362 290 283 n/m
Capex (23) (14) (24) (25) (27) (46) (43) (51) (68) (61) (100) +11.3%
Free cash flow (61) (48) (25) 146 249 280 253 282 294 229 184 n/m
Balance, $m
Balance, $m Working capital 989 1,249 1,340 540 676 799 844 828 890 1,153 1,010 +1.7%
Net debt 4,816 5,189 5,142 1,331 1,224 1,577 1,630 1,643 1,465 999 1,857 (16.0%)
Shareholders’ equity 2,890 2,860 2,181 2,219 2,318 2,501 2,349 2,344 2,398 2,689 2,887 (0.8%)
Returns, %
Returns, % ROA (0.40) (2.92) (3.30) 1.34 1.72 4.23 3.73 2.39 4.96 3.83 3.76 +4.2 pt
ROIC 0.73 1.55 2.12 4.39 4.11 4.60 5.11 2.72 5.56 5.80 5.38 +5.1 pt
ROE (1.58) (10.30) (12.87) 4.19 3.34 8.44 7.72 5.03 10.30 7.50 7.38 +9.1 pt
People
People Employees 7,750 7,850 4,450 4,400 4,400 5,300 5,300 5,300 5,300 5,200 — (4.3%)
Revenue/emp, $m 0.23 0.24 0.44 0.42 0.42 0.45 0.48 0.44 0.46 0.49 — +8.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Element Solutions is a specialty chemicals company that supplies materials used in electronics manufacturing, industrial surface finishing and offshore energy production. Headquartered in Miami, it is led by chief executive Benjamin H. Gliklich.

Its Electronics business sells chemicals and materials used to make circuit boards, assemble electronic devices and package semiconductor chips. Some chemicals create or finish the conductive paths on a circuit board; solder pastes, adhesives and other materials join components together. Customers use these products in manufacturing for computers, communications equipment, automobiles, aerospace equipment and data centers.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Electronics 1,786 70.01%
Specialties 765 29.99%
Gross margin 41.96%
Operating margin 13.41%
Pre-tax margin 10.41%

Revenue by segment since 2012

Element Solutions Inc. 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
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% Compare
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%
NEU NewMarket Corporation $6.4B 14.0× — (loss-making) +3.79% (above 0%: growing) +26.52% (above 0%: growing) −73.94% (below 0%: shrinking) 31.03% 19.95% Compare
Median of peers $8.3B 14.0× 11.5× +6.50% +23.69% +139.32% 31.19% 12.69%

All 61 Specialty Chemicals stocks →

From the latest earnings call

Updated

  • CEO Ben Gliklich said Element Solutions is expanding capacity for electronics materials as customers invest in data-center infrastructure and demand more complex hardware.
  • Gliklich said the company terminated its proposed Solstice transaction after shareholder feedback and will continue investing organically and through smaller acquisitions.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 104.52%
Held by the ten largest 52.01%
Holder Shares Stake Change
BlackRock 27.60m 11.32% +341.76k
Vanguard 25.58m 10.50% −609.94k
Fidelity (FMR) 17.49m 7.18% −3.20m
Invesco 12.63m 5.18% +3.64m
T. Rowe Price 10.36m 4.25% +171.35k
State Street 7.59m 3.12% +286.61k
Dimensional Fund Advisors 6.79m 2.78% −1.69m
Fidelity International (FIL) 6.73m 2.76% −1.35m
Geode Capital Management 6.20m 2.55% +980.10k
Neuberger Berman 5.78m 2.37% −2.19m
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 23 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 26.48m 29.23m 150.90
2024 6.91m 7.99m 151.60
2023 4.78m 4.98m 136.20
2022 5.06m 1.27m 105.40
2021 5.11m 32.88m 138.50

Ownership

Directors and executive officers, together 6.20%
BlackRock, Inc. 10.90%
The Vanguard Group, Inc. 10.30%
FMR LLC 7.10%
Sir Martin E. Franklin 5.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. 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

Element Solutions Inc. (ESI) Latest News

29 Oct

Impact 4 · · The Motley Fool
Impact 4 · · Zacks

26 Oct

Impact 3 · · Zacks

23 Oct

Impact 3 · · Simply Wall St.

22 Oct

Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 3 · · Simply Wall St.

21 Oct

Impact 4 · · Business Wire earnings
Impact 3 · · Zacks
Impact 3 · · Associated Press

16 Oct

Impact 3 · · Zacks

25 Sep

Impact 3 ·

23 Sep

Impact 4 · · Zacks

6 Sep

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28 Aug

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27 Aug

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30 Jul

Impact 4 ·
Impact 3 · · Moby transcript
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Impact 3 · · MarketBeat transcript

29 Jul

Impact 4 ·
Impact 3 ·

28 Jul

Impact 4 ·
Impact 4 · · MarketBeat
Impact 3 · · Moby transcript

27 Jul

Impact 4 ·
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ESI metrics, ten years each

stockrow.com/ESI · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com