ASHLAND INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.82B | $2.11B | $2.19B | $2.39B | $2.11B | $2.02B | $2.15B | $2.59B |
| Cost of Revenue | $1.28B | $1.50B | $1.52B | $1.56B | $1.44B | $1.42B | $1.50B | $1.73B |
| Gross Profit | $549.0M | $618.0M | $668.0M | $830.0M | $670.0M | $599.0M | $651.0M | $863.0M |
| Gross Margin | 30.1% | 29.2% | 30.5% | 34.7% | 31.7% | 29.7% | 30.3% | 33.3% |
| Operating Expenses | ||||||||
| Research & Development | $54.0M | $55.0M | $51.0M | $55.0M | $50.0M | $56.0M | $58.0M | $73.0M |
| SG&A Expense | $344.0M | $404.0M | $365.0M | $393.0M | $358.0M | $400.0M | $426.0M | $599.0M |
| Operating Income | $-775.0M | $-26.0M | $172.0M | $333.0M | $192.0M | $-461.0M | $86.0M | $102.0M |
| Operating Margin | -42.5% | -1.2% | 7.9% | 13.9% | 9.1% | -22.9% | 4.0% | 3.9% |
| Interest Expense | $61.0M | $53.0M | $54.0M | $62.0M | $69.0M | $88.0M | $114.0M | $116.0M |
| Pretax Income | $-809.0M | $-24.0M | $160.0M | $206.0M | $135.0M | $-577.0M | $-9.0M | $11.0M |
| Income Tax Expense | $13.0M | $-223.0M | $-8.0M | $25.0M | $-38.0M | $-22.0M | $30.0M | $-8.0M |
| Net Income | $-845.0M | $169.0M | $178.0M | $927.0M | $220.0M | $-508.0M | $505.0M | $114.0M |
| Net Margin | -46.3% | 8.0% | 8.1% | 38.8% | 10.4% | -25.2% | 23.5% | 4.4% |
| EPS (Basic) | $-18.23 | $3.40 | $3.36 | $16.71 | $3.63 | $-8.39 | $8.15 | $1.82 |
| EPS (Diluted) | $-18.23 | $3.36 | $3.31 | $16.41 | $3.59 | $-8.39 | $8.15 | $1.79 |
| Shares Outstanding (Basic) | 46.0M | 49.0M | 53.0M | 55.0M | 60.0M | 61.0M | 62.0M | 63.0M |
| Shares Outstanding (Diluted) | 46.0M | 50.0M | 54.0M | 56.0M | 61.0M | 61.0M | 62.0M | 64.0M |
| Dividends Per Share | $1.64 | $1.58 | $1.44 | $1.27 | $1.15 | $1.10 | $1.05 | $0.95 |