Saturday 17 October 2026
Export SCL’s income statement to Excel — free account
Stepan Company
SCL Basic Materials Specialty Chemicals
Stepan Company’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 6.96% from fiscal 2024. In the quarter to June 2026, revenue grew 15.0%, EPS grew 100.0%, free cash flow fell 4.42% and total debt fell 1.62%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
62.03
0.16
+0.26%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 41.42 | 68.51 | 68.09 | 72.11 | 69.33 | 109.08 | 91.64 | 63.60 | 63.77 | 41.82 |
Analyst estimates 2026–2028 Powerpack |
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| High | 87.00 | 92.97 | 90.96 | 102.96 | 129.62 | 139.30 | 126.24 | 114.49 | 95.33 | 65.90 | |||||
| People | |||||||||||||||
| People | Employees | 2,145 | 2,096 | 2,250 | 2,284 | 2,293 | 2,439 | 2,453 | 2,389 | 2,396 | 2,328 | ||||
| Revenue/emp, $m | 0.82 | 0.92 | 0.89 | 0.81 | 0.82 | 0.96 | 1.13 | 0.97 | 0.91 | 1.00 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 1,766 | 1,925 | 1,994 | 1,859 | 1,870 | 2,346 | 2,773 | 2,326 | 2,180 | 2,332 | ||||
| Gross margin, % | 19.21 | 17.98 | 17.02 | 18.28 | 20.52 | 16.87 | 15.40 | 11.94 | 12.49 | 11.57 | |||||
| EBT | 114 | 147 | 138 | 126 | 171 | 173 | 189 | 48 | 60 | 60 | |||||
| EBT margin, % | 6.44 | 7.63 | 6.91 | 6.77 | 9.15 | 7.35 | 6.80 | 2.08 | 2.77 | 2.57 | |||||
| Net income | 86 | 101 | 111 | 103 | 128 | 138 | 147 | 40 | 50 | 47 | |||||
| Depreciation | 75 | 79 | 81 | 79 | 82 | 91 | 95 | 105 | 112 | 126 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 77.49 | 83.89 | 86.61 | 80.63 | 81.47 | 102.35 | 121.74 | 102.11 | 95.49 | 101.96 | ||||
| Earnings | 3.78 | 3.99 | 4.90 | 4.47 | 5.52 | 6.01 | 6.46 | 1.77 | 2.21 | 2.05 | |||||
| Cash flow | 9.31 | 8.67 | 7.43 | 9.47 | 10.25 | 3.15 | 7.06 | 7.68 | 7.10 | 6.47 | |||||
| Capex | (4.52) | (3.43) | (3.76) | (4.58) | (5.57) | (8.46) | (13.24) | (11.43) | (5.38) | (4.19) | |||||
| Free cash flow | 4.79 | 5.24 | 3.67 | 4.90 | 4.68 | (5.31) | (6.18) | (3.75) | 1.72 | 2.27 | |||||
| Book value | 27.90 | 32.29 | 35.10 | 38.71 | 43.07 | 46.86 | 51.19 | 53.41 | 51.24 | 54.39 | |||||
| Shares, m | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 21.75 | 18.22 | 15.13 | 22.92 | 21.58 | 20.68 | 16.12 | 52.79 | 29.28 | 23.10 | ||||
| P/S | 1.04 | 0.95 | 0.85 | 1.27 | 1.46 | 1.21 | 0.86 | 0.92 | 0.68 | 0.46 | |||||
| P/B | 2.89 | 2.47 | 2.11 | 2.65 | 2.77 | 2.65 | 2.03 | 1.75 | 1.26 | 0.87 | |||||
| EV/Sales | 1.09 | 0.95 | 0.84 | 1.22 | 1.38 | 1.30 | 1.00 | 1.14 | 0.92 | 0.68 | |||||
| EV/FCF | 17.19 | 14.76 | 19.14 | 19.54 | 23.38 | (25.78) | (20.26) | (32.27) | 47.09 | 28.56 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 212 | 199 | 171 | 218 | 235 | 72 | 161 | 175 | 162 | 148 | ||||
| Capex | (103) | (79) | (87) | (106) | (128) | (194) | (302) | (260) | (123) | (96) | |||||
| Free cash flow | 109 | 120 | 84 | 113 | 107 | (122) | (141) | (85) | 39 | 52 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 388 | 468 | 495 | 480 | 489 | 413 | 374 | 244 | 141 | 192 | ||||
| Total debt | 317 | 291 | 276 | 222 | 199 | 364 | 587 | 654 | 625 | 627 | |||||
| Net debt | 91 | (8) | (24) | (93) | (151) | 204 | 413 | 524 | 526 | 494 | |||||
| Shareholders’ equity | 636 | 741 | 808 | 892 | 988 | 1,074 | 1,166 | 1,216 | 1,170 | 1,244 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 6.65 | 7.14 | 7.44 | 6.67 | 7.61 | 7.22 | 6.54 | 1.68 | 2.16 | 2.01 | ||||
| ROIC | 10.99 | 13.21 | 11.90 | 9.95 | 12.81 | 8.35 | 8.20 | 2.10 | 2.60 | 2.82 | |||||
| ROE | 14.43 | 14.64 | 14.35 | 12.13 | 13.48 | 13.36 | 13.14 | 3.37 | 4.22 | 3.89 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Stepan Company 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 |
|---|---|---|---|---|---|---|---|---|---|
| NGVT Ingevity Corporation | $2.4B | 45.3× | 18.5× | −5.25% (below 0%: shrinking) | n/m | −136.08% (below 0%: shrinking) | 44.25% | 19.13% | Compare |
| IOSP Innospec Inc. | $2.4B | 19.7× | 16.3× | +11.76% (above 0%: growing) | +32.98% (above 0%: growing) | −63.16% (below 0%: shrinking) | 28.14% | 8.08% | Compare |
| MTX Minerals Technologies Inc. | $2.0B | — (loss-making) | 12.4× | +3.69% (above 0%: growing) | n/m | +5.92% (above 0%: growing) | 24.40% | (40.17%) | Compare |
| CC The Chemours Company | $1.9B | — (loss-making) | 16.9× | −1.49% (below 0%: shrinking) | n/m | +128.00% (above 0%: growing) | 17.98% | (13.39%) | Compare |
| SCL Stepan Company | $1.4B | — (loss-making) | 2,564× | +15.04% (above 0%: growing) | +100.00% (above 0%: growing) | −4.42% (below 0%: shrinking) | 14.61% | 5.44% | |
| ECVT Ecovyst Inc. | $1.1B | — (loss-making) | 18.2× | +41.97% (above 0%: growing) | +40.00% (above 0%: growing) | −66.55% (below 0%: shrinking) | 19.94% | 7.75% | Compare |
| ODC Oil-Dri Corporation Of America | $1.1B | 18.3× | 37.5× | +3.26% (above 0%: growing) | +8.03% (above 0%: growing) | −20.76% (below 0%: shrinking) | 27.83% | 14.11% | Compare |
| KRO Kronos Worldwide Inc | $851.7M | — (loss-making) | — (loss-making) | +12.88% (above 0%: growing) | n/m | +291.58% (above 0%: growing) | 18.42% | 6.74% | Compare |
| KOP Koppers Holdings Inc. | $821.5M | — (loss-making) | 583× | +3.03% (above 0%: growing) | n/m | −2.84% (below 0%: shrinking) | 20.96% | (31.92%) | Compare |
| Median of peers | $1.5B | 19.7× | 18.2× | +3.48% | +32.98% | −11.80% | 22.68% | 7.25% |
Stepan Company (SCL) key facts
- Strength: Stepan Company’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 6.96% from fiscal 2024.
- Stepan Company (SCL) is a Specialty Chemicals company in the Basic Materials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, SCL traded at $62.03, a market capitalization of $1.4 billion.
- Stepan Company pays an annual dividend of $1.58 per share, a yield of 2.55%.
- Return on equity was 3.89% and debt-to-equity 0.53.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.54 (grey zone) for fiscal 2025.