Element Solutions Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.55B | $2.46B | $2.33B | $2.55B | $2.40B | $1.85B | $1.84B | $1.96B |
| Cost of Revenue | $1.48B | $1.42B | $1.41B | $1.60B | $1.44B | $1.07B | $1.05B | $1.12B |
| Gross Profit | $1.07B | $1.04B | $918.5M | $952.7M | $960.8M | $786.0M | $788.3M | $837.6M |
| Gross Margin | 42.0% | 42.2% | 39.4% | 37.4% | 40.0% | 42.4% | 42.9% | 42.7% |
| Operating Expenses | ||||||||
| Research & Development | $67.6M | $63.0M | $68.1M | $48.8M | $49.7M | $48.6M | $42.2M | $44.3M |
| SG&A Expense | $660.7M | $628.8M | $596.8M | $578.6M | $611.2M | $504.7M | $497.0M | $544.8M |
| Operating Income | $342.2M | $343.9M | $173.6M | $325.3M | $299.9M | $232.7M | $249.1M | $248.5M |
| Operating Margin | 13.4% | 14.0% | 7.4% | 12.8% | 12.5% | 12.6% | 13.6% | 12.7% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $265.6M | $287.7M | $129.1M | $272.0M | $251.7M | $81.1M | $140.9M | $-53.2M |
| Income Tax Expense | $74.6M | $44.8M | $13.0M | $85.8M | $48.3M | $4.3M | $61.3M | $23.8M |
| Net Income | $190.8M | $244.2M | $118.1M | $187.2M | $203.7M | $75.7M | $92.9M | $-324.4M |
| Net Margin | 7.5% | 9.9% | 5.1% | 7.3% | 8.5% | 4.1% | 5.1% | -16.5% |
| EPS (Basic) | $0.79 | $1.01 | $0.49 | $0.76 | $0.82 | $0.30 | $0.36 | $-1.13 |
| EPS (Diluted) | $0.79 | $1.01 | $0.49 | $0.76 | $0.82 | $0.30 | $0.35 | $-1.13 |
| Shares Outstanding (Basic) | 242.0M | 242.1M | 241.4M | 245.1M | 247.4M | 248.8M | 257.6M | 288.2M |
| Shares Outstanding (Diluted) | 242.4M | 242.6M | 241.8M | 245.8M | 247.9M | 249.9M | 260.1M | 288.2M |
| Dividends Per Share | $0.32 | $0.32 | $0.32 | $0.32 | $0.25 | $0.05 | — | $22.85 |