Cabot (CBT) Financials

$73.01 -1.45 (-1.95%)

Closing price 03:59 PM Eastern

Extended Trading

$73.04 +0.03 (+0.04%)

As of 04:04 PM Eastern

Annual Income Statements for Cabot

This table shows Cabot's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Income / (Loss) Attributable to Common Shareholders	-334	147	248	-113	157	-238	250	209	445	380
Consolidated Net Income / (Loss)	-326	162	273	-74	186	-221	286	243	484	424
Net Income / (Loss) Continuing Operations	-328	161	273	-74	186	-221	286	243	484	424
Total Pre-Tax Income	-377	191	299	117	255	-33	406	335	451	529
Total Operating Income	-317	247	338	144	306	21	454	389	526	614
Total Gross Profit	585	575	657	772	685	500	799	885	839	960
Total Revenue	2,871	2,411	2,717	3,242	3,337	2,614	3,409	4,321	3,931	3,994
Operating Revenue	2,871	2,411	2,717	3,242	3,337	2,614	3,409	4,321	3,931	3,994
Total Cost of Revenue	2,286	1,836	2,060	2,470	2,652	2,114	2,610	3,436	3,092	3,034
Operating Cost of Revenue	2,286	1,836	2,060	2,470	2,652	2,114	2,610	3,436	3,092	3,034
Total Operating Expenses	902	328	319	628	379	479	345	520	313	346
Selling, General & Admin Expense	282	275	262	308	290	292	289	258	253	283
Research & Development Expense	58	53	57	66	60	57	56	55	57	63
Impairment Charge	562	-	-	254	29	130	0.00	207	3.00	0.00
Other Special Charges / (Income)	-	-	-	-	-	0.00	0.00	-	0.00	0.00
Total Other Income / (Expense), net	-60	-56	-39	-27	-51	-54	-48	-30	-75	-85
Interest Expense	53	54	53	54	59	53	49	56	90	81
Interest & Investment Income	4.00	5.00	9.00	10	9.00	8.00	8.00	11	31	32
Other Income / (Expense), net	-11	-7.00	5.00	17	-1.00	-9.00	-7.00	15	-16	-36
Income Tax Expense	-45	33	33	193	70	191	123	102	-28	111
Other Gains / (Losses), net	4.00	3.00	7.00	2.00	1.00	3.00	3.00	10	5.00	6.00
Net Income / (Loss) Attributable to Noncontrolling Interest	8.00	15	25	39	29	17	36	34	39	44
Basic Earnings per Share	($5.27)	$2.34	$3.94	($1.85)	$2.64	($4.21)	$4.35	$3.65	$7.79	$6.79
Weighted Average Basic Shares Outstanding	63.40M	62.40M	62.30M	61.70M	58.70M	56.60M	56.70M	56.50M	56.10M	55.10M
Diluted Earnings per Share	($5.27)	$2.32	$3.91	($1.85)	$2.63	($4.21)	$4.34	$3.62	$7.73	$6.72
Weighted Average Diluted Shares Outstanding	63.40M	62.90M	62.70M	61.70M	58.80M	56.60M	56.80M	56.90M	56.50M	55.70M
Weighted Average Basic & Diluted Shares Outstanding	63.40M	62.60M	62.90M	594.70M	56.98M	56.60M	56.80M	56.33M	55.31M	54.39M
Cash Dividends to Common per Share	$0.88	$1.04	$1.23	$1.29	$1.36	$1.40	$1.40	$1.48	$1.54	$1.66

This table shows Cabot's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	94	54	75	82	234	50	84	109	137	93	94
Consolidated Net Income / (Loss)	103	66	82	90	246	61	97	120	146	104	105
Net Income / (Loss) Continuing Operations	103	66	82	90	246	61	97	120	146	104	105
Total Pre-Tax Income	129	84	110	130	127	94	142	158	135	144	151
Total Operating Income	143	105	129	150	142	136	156	172	150	155	162
Total Gross Profit	220	181	210	223	225	218	246	256	240	235	241
Total Revenue	1,112	965	1,033	968	965	958	1,019	1,016	1,001	955	936
Operating Revenue	1,112	965	1,033	968	965	958	1,019	1,016	1,001	955	936
Total Cost of Revenue	892	784	823	745	740	740	773	760	761	720	695
Operating Cost of Revenue	892	784	823	745	740	740	773	760	761	720	695
Total Operating Expenses	101	76	81	73	83	82	90	84	90	80	79
Selling, General & Admin Expense	62	60	66	58	69	67	75	68	73	66	64
Research & Development Expense	14	13	15	15	14	15	15	16	17	14	15
Other Special Charges / (Income)	-	3.00	0.00	0.00	-3.00	0.00	0.00	0.00	-	0.00	0.00
Total Other Income / (Expense), net	10	-21	-19	-20	-15	-42	-14	-14	-15	-11	-11
Interest Expense	18	22	23	24	21	22	21	19	19	18	19
Interest & Investment Income	4.00	6.00	9.00	7.00	9.00	9.00	8.00	8.00	7.00	6.00	7.00
Other Income / (Expense), net	24	-5.00	-5.00	-3.00	-3.00	-29	-1.00	-3.00	-3.00	1.00	1.00
Income Tax Expense	29	20	29	41	-118	34	47	40	-10	41	49
Other Gains / (Losses), net	3.00	2.00	1.00	1.00	1.00	1.00	2.00	2.00	1.00	1.00	3.00
Net Income / (Loss) Attributable to Noncontrolling Interest	9.00	12	7.00	8.00	12	11	13	11	9.00	11	11
Basic Earnings per Share	$1.66	$0.94	$1.31	$1.44	$4.10	$0.88	$1.50	$1.96	$2.45	$1.69	$1.71
Weighted Average Basic Shares Outstanding	56.50M	56.30M	56.30M	56.10M	56.10M	55.30M	55.40M	55.10M	55.10M	54.30M	54M
Diluted Earnings per Share	$1.66	$0.93	$1.29	$1.43	$4.08	$0.88	$1.49	$1.94	$2.41	$1.67	$1.69
Weighted Average Diluted Shares Outstanding	56.90M	56.70M	56.80M	56.50M	56.50M	55.80M	55.80M	55.70M	55.70M	55M	54.40M
Weighted Average Basic & Diluted Shares Outstanding	56.33M	56.32M	56.15M	55.94M	55.31M	55.43M	55.26M	54.82M	54.39M	54.22M	53.72M
Cash Dividends to Common per Share	-	$0.37	$0.37	$0.40	-	$0.40	$0.40	$0.43	-	$0.43	$0.43

This table details how cash moves in and out of Cabot's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Change in Cash & Equivalents	10	123	78	-105	-6.00	-18	19	36	32	-15
Net Cash From Operating Activities	499	392	348	298	363	377	257	100	595	692
Net Cash From Continuing Operating Activities	499	392	348	298	363	377	257	100	595	692
Net Income / (Loss) Continuing Operations	-326	162	273	-74	186	-221	286	243	484	424
Consolidated Net Income / (Loss)	-326	162	273	-74	186	-221	286	243	484	424
Depreciation Expense	183	161	155	149	148	158	160	146	144	151
Non-Cash Adjustments To Reconcile Net Income	606	51	17	250	49	274	41	200	23	84
Changes in Operating Assets and Liabilities, net	36	18	-97	-27	-20	166	-230	-489	-56	33
Net Cash From Investing Activities	-162	-104	-149	-246	-94	-288	-186	-118	-214	-235
Net Cash From Continuing Investing Activities	-162	-104	-149	-246	-94	-288	-186	-118	-214	-235
Purchase of Property, Plant & Equipment	-141	-112	-147	-229	-224	-200	-195	-211	-244	-241
Acquisitions	-	-	-	-64	-3.00	-92	0.00	-9.00	0.00	0.00
Sale of Property, Plant & Equipment	-	16	-	39	-	-	0.00	18	7.00	0.00
Divestitures	-	-	-	0.00	135	0.00	0.00	79	6.00	0.00
Other Investing Activities, net	-21	-8.00	-2.00	-3.00	-2.00	4.00	9.00	5.00	17	6.00
Net Cash From Financing Activities	-256	-184	-133	-141	-236	-132	-60	145	-403	-415
Net Cash From Continuing Financing Activities	-256	-184	-135	-141	-236	-132	-60	145	-403	-415
Repayment of Debt	-78	-316	-4.00	-255	-320	-410	-222	-372	-138	-31
Repurchase of Common Equity	-101	-45	-61	-142	-173	-44	-3.00	-53	-98	-172
Payment of Dividends	-83	-81	-91	-101	-103	-106	-99	-106	-130	-120
Issuance of Debt	-	248	2.00	339	381	425	258	670	-41	-112
Issuance of Common Equity	4.00	10	21	22	4.00	3.00	6.00	6.00	4.00	20
Effect of Exchange Rate Changes	-71	19	14	-16	-39	25	8.00	-91	54	-57
Cash Interest Paid	42	51	48	47	47	48	41	46	85	82
Cash Income Taxes Paid	78	66	69	84	99	71	93	129	140	136

This table details how cash moves in and out of Cabot's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-8.00	-16	15	15	18	6.00	-38	-9.00	26	-40	30
Net Cash From Operating Activities	105	52	162	243	138	105	176	207	204	124	73
Net Cash From Continuing Operating Activities	105	52	162	243	138	105	176	207	204	124	73
Net Income / (Loss) Continuing Operations	103	66	82	90	246	61	97	120	146	104	105
Consolidated Net Income / (Loss)	103	66	82	90	246	61	97	120	146	104	105
Depreciation Expense	35	35	36	36	37	41	37	36	37	37	38
Non-Cash Adjustments To Reconcile Net Income	9.00	4.00	7.00	6.00	6.00	43	20	12	9.00	19	10
Changes in Operating Assets and Liabilities, net	-42	-53	37	111	-151	-40	22	39	12	-36	-80
Net Cash From Investing Activities	-87	-17	-47	-75	-75	-54	-41	-51	-89	-104	-70
Net Cash From Continuing Investing Activities	-87	-17	-47	-75	-75	-54	-41	-51	-89	-104	-70
Purchase of Property, Plant & Equipment	-90	-35	-51	-80	-78	-54	-43	-52	-92	-77	-72
Net Cash From Financing Activities	16	-92	-118	-161	-32	-29	-166	-131	-89	-24	17
Net Cash From Continuing Financing Activities	16	-92	-118	-161	-32	-29	-166	-131	-89	-24	17
Repayment of Debt	-208	-54	-58	-24	-2.00	-1.00	-8.00	-21	-1.00	-1.00	142
Repurchase of Common Equity	-5.00	-17	-16	-15	-50	-33	-24	-49	-66	-42	-47
Payment of Dividends	-21	-35	-48	-23	-24	-34	-23	-39	-24	-44	-23
Issuance of Debt	250	11	3.00	-99	44	32	-117	-24	-3.00	61	-55
Effect of Exchange Rate Changes	-42	41	18	8.00	-13	-16	-7.00	-34	-	-36	10

This table presents Cabot's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Total Assets	3,075	3,035	3,338	3,244	3,004	2,781	3,306	3,525	3,604	3,736
Total Current Assets	1,048	1,047	1,299	1,386	1,210	978	1,425	1,820	1,626	1,605
Cash & Equivalents	77	200	280	175	169	151	168	206	238	223
Note & Lease Receivable	477	456	527	637	530	418	645	836	695	733
Inventories, net	397	342	433	-	466	359	523	664	585	552
Prepaid Expenses	54	49	59	63	45	50	89	114	108	97
Plant, Property, & Equipment, net	1,383	1,290	1,305	1,296	1,348	1,314	1,376	1,270	1,412	1,534
Plant, Property & Equipment, gross	3,385	3,433	3,602	3,520	3,546	3,686	3,885	3,554	3,827	4,082
Accumulated Depreciation	2,002	2,143	2,297	2,224	2,198	2,372	2,509	2,284	2,415	2,548
Total Noncurrent Assets	644	698	734	562	446	489	505	435	566	597
Long-Term Investments	57	53	56	52	39	39	40	20	20	23
Goodwill	154	152	154	93	90	134	140	129	134	133
Intangible Assets	153	140	137	98	96	103	100	63	60	53
Noncurrent Deferred & Refundable Income Taxes	152	216	237	134	163	53	53	45	180	216
Other Noncurrent Operating Assets	128	137	150	185	58	160	172	178	172	172
Total Liabilities & Shareholders' Equity	3,075	3,035	3,338	3,244	3,004	2,781	3,306	3,525	3,604	3,736
Total Liabilities	1,710	1,637	1,686	1,965	1,870	1,967	2,216	2,493	2,197	2,146
Total Current Liabilities	441	397	742	952	599	529	1,147	1,105	822	772
Short-Term Debt	23	8.00	263	284	40	21	445	354	182	53
Accounts Payable	389	364	457	613	537	488	667	707	600	676
Current Deferred & Payable Income Tax Liabilities	29	25	22	29	22	20	35	44	40	43
Total Noncurrent Liabilities	1,269	1,240	944	1,013	1,271	1,438	1,069	1,388	1,375	1,374
Long-Term Debt	970	914	661	719	1,024	1,094	717	1,089	1,094	1,087
Noncurrent Deferred & Payable Income Tax Liabilities	59	41	38	42	41	58	73	65	50	42
Other Noncurrent Operating Liabilities	240	285	245	252	206	286	279	234	231	245
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,338	1,372	1,625	1,279	1,134	814	1,090	1,032	1,407	1,590
Total Preferred & Common Equity	1,234	1,274	1,504	1,154	998	691	947	898	1,264	1,425
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,234	1,274	1,504	1,154	998	691	947	898	1,264	1,425
Common Stock	63	62	62	61	57	57	81	57	55	54
Retained Earnings	1,478	1,544	1,707	1,417	1,337	989	1,159	1,284	1,574	1,734
Treasury Stock	-8.00	-7.00	-6.00	-7.00	-5.00	-4.00	-4.00	-4.00	-3.00	-3.00
Accumulated Other Comprehensive Income / (Loss)	-299	-325	-259	-317	-391	-351	-289	-439	-362	-360
Noncontrolling Interest	104	98	121	125	136	123	143	134	143	165

This table presents Cabot's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	6/30/2022	12/31/2022	3/31/2023	6/30/2023	12/31/2023	3/31/2024	6/30/2024	12/31/2024	3/31/2025
Total Assets	3,568	3,535	3,519	3,387	3,695	3,596	3,580	3,642	3,784
Total Current Assets	1,871	1,800	1,742	1,602	1,692	1,605	1,591	1,496	1,603
Cash & Equivalents	208	190	205	220	244	206	197	183	213
Note & Lease Receivable	876	779	767	688	726	744	732	677	739
Inventories, net	664	704	625	592	617	551	553	536	541
Prepaid Expenses	123	127	145	102	105	104	109	100	110
Plant, Property, & Equipment, net	1,273	1,304	1,353	1,364	1,444	1,427	1,430	1,556	1,603
Plant, Property & Equipment, gross	-	-	-	-	3,936	3,909	3,907	4,049	4,155
Accumulated Depreciation	-	-	-	-	2,492	2,482	2,477	2,493	2,552
Total Noncurrent Assets	424	431	424	421	559	564	559	590	578
Long-Term Investments	18	21	22	19	21	22	24	13	14
Goodwill	136	133	136	136	138	137	132	127	128
Intangible Assets	67	63	63	63	61	59	55	57	55
Noncurrent Deferred & Refundable Income Taxes	57	44	38	36	166	163	166	211	204
Other Noncurrent Operating Assets	146	170	165	167	173	183	182	182	177
Total Liabilities & Shareholders' Equity	3,568	3,535	3,519	3,387	3,695	3,596	3,580	3,642	3,784
Total Liabilities	2,525	2,376	2,287	2,121	2,220	2,089	2,084	2,127	2,194
Total Current Liabilities	1,100	984	904	738	830	718	717	747	818
Short-Term Debt	313	319	266	143	214	96	57	109	199
Accounts Payable	738	630	609	568	585	587	626	599	577
Current Deferred & Payable Income Tax Liabilities	49	35	29	27	31	35	34	39	42
Total Noncurrent Liabilities	1,425	1,392	1,383	1,383	1,390	1,371	1,367	1,380	1,376
Long-Term Debt	1,097	1,091	1,094	1,093	1,098	1,088	1,083	1,089	1,090
Noncurrent Deferred & Payable Income Tax Liabilities	73	65	58	60	51	38	40	39	39
Other Noncurrent Operating Liabilities	255	236	231	230	241	245	244	252	247
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,043	1,159	1,232	1,266	1,475	1,507	1,496	1,515	1,590
Total Preferred & Common Equity	895	1,009	1,099	1,131	1,329	1,367	1,346	1,366	1,427
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	895	1,009	1,099	1,131	1,329	1,367	1,346	1,366	1,427
Common Stock	56	57	56	56	55	55	55	54	54
Retained Earnings	1,210	1,314	1,360	1,407	1,582	1,632	1,676	1,772	1,803
Treasury Stock	-3.00	-4.00	-3.00	-3.00	-3.00	-3.00	-3.00	-3.00	-3.00
Accumulated Other Comprehensive Income / (Loss)	-368	-358	-314	-329	-305	-317	-382	-457	-427
Noncontrolling Interest	148	150	133	135	146	140	150	149	163

This table displays calculated financial ratios and metrics derived from Cabot's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-21.28%	-16.02%	12.69%	19.32%	2.93%	-21.67%	30.41%	26.75%	-9.03%	1.60%
EBITDA Growth	-125.85%	376.55%	24.19%	-37.75%	46.13%	-62.47%	257.06%	-9.39%	18.91%	11.47%
EBIT Growth	-191.11%	173.17%	42.92%	-53.06%	89.44%	-96.07%	3,625.00%	-9.62%	26.24%	13.33%
NOPAT Growth	-194.45%	192.08%	47.17%	-131.11%	337.34%	-93.38%	2,052.78%	-14.50%	106.48%	-13.16%
Net Income Growth	-249.54%	149.69%	68.52%	-127.11%	351.35%	-218.82%	229.41%	-15.04%	99.18%	-12.40%
EPS Growth	-273.93%	144.02%	68.53%	-147.31%	242.16%	-260.08%	203.09%	-16.59%	113.54%	-13.07%
Operating Cash Flow Growth	58.41%	-21.44%	-11.22%	-14.37%	21.81%	3.86%	-31.83%	-61.09%	495.00%	16.30%
Free Cash Flow Firm Growth	61.28%	-37.93%	-64.66%	-28.38%	213.79%	-7.42%	-95.69%	472.15%	483.69%	11.37%
Invested Capital Growth	-26.55%	-7.06%	8.37%	-8.26%	-3.16%	-12.61%	17.54%	10.03%	7.83%	2.43%
Revenue Q/Q Growth	-7.71%	-2.11%	3.98%	4.08%	-0.68%	-6.04%	7.74%	5.06%	-3.60%	0.91%
EBITDA Q/Q Growth	-47.96%	4.70%	3.11%	4.73%	-5.43%	-46.88%	33.11%	17.77%	-3.82%	1.11%
EBIT Q/Q Growth	-13.49%	10.09%	4.26%	15.83%	-9.50%	-92.73%	50.00%	29.07%	-5.20%	1.40%
NOPAT Q/Q Growth	-9.69%	2.29%	7.30%	24.20%	-23.38%	-87.26%	1,475.44%	36.08%	43.78%	-19.48%
Net Income Q/Q Growth	1.51%	8.00%	10.53%	23.71%	-25.00%	-363.10%	2,006.67%	38.07%	41.94%	-19.08%
EPS Q/Q Growth	3.48%	5.45%	9.52%	17.78%	-27.15%	-475.89%	561.70%	47.15%	45.57%	-19.90%
Operating Cash Flow Q/Q Growth	22.30%	-24.03%	20.83%	-0.67%	13.08%	-20.63%	0.39%	5.26%	5.87%	10.54%
Free Cash Flow Firm Q/Q Growth	-8.29%	-17.27%	-40.95%	365.84%	25.47%	14.35%	138.18%	737.96%	8.54%	-5.40%
Invested Capital Q/Q Growth	-5.24%	-2.04%	3.04%	-1.44%	-7.27%	-14.29%	0.39%	0.99%	7.16%	2.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.38%	23.85%	24.18%	23.81%	20.53%	19.13%	23.44%	20.48%	21.34%	24.04%
EBITDA Margin	-5.05%	16.63%	18.33%	9.56%	13.58%	6.50%	17.81%	12.73%	16.64%	18.25%
Operating Margin	-11.04%	10.24%	12.44%	4.44%	9.17%	0.80%	13.32%	9.00%	13.38%	15.37%
EBIT Margin	-11.42%	9.95%	12.62%	4.97%	9.14%	0.46%	13.11%	9.35%	12.97%	14.47%
Profit (Net Income) Margin	-11.35%	6.72%	10.05%	-2.28%	5.57%	-8.45%	8.39%	5.62%	12.31%	10.62%
Tax Burden Percent	86.47%	84.82%	91.30%	-63.25%	72.94%	669.70%	70.44%	72.54%	107.32%	80.15%
Interest Burden Percent	114.94%	79.58%	87.17%	72.67%	83.61%	-275.00%	90.83%	82.92%	88.43%	91.52%
Effective Tax Rate	0.00%	17.28%	11.04%	164.96%	27.45%	0.00%	30.30%	30.45%	-6.21%	20.98%
Return on Invested Capital (ROIC)	-8.45%	9.52%	13.96%	-4.36%	10.98%	0.79%	16.73%	12.60%	23.90%	19.77%
ROIC Less NNEP Spread (ROIC-NNEP)	-20.04%	3.98%	9.56%	-1.49%	6.56%	-25.68%	13.49%	10.07%	17.22%	13.37%
Return on Net Nonoperating Assets (RNNOA)	-10.42%	2.20%	3.94%	-0.69%	4.44%	-23.48%	13.31%	10.30%	15.78%	8.53%
Return on Equity (ROE)	-18.87%	11.73%	17.90%	-5.05%	15.42%	-22.69%	30.04%	22.90%	39.69%	28.30%
Cash Return on Invested Capital (CROIC)	22.17%	16.84%	5.93%	4.26%	14.19%	14.25%	0.61%	3.05%	16.37%	17.36%
Operating Return on Assets (OROA)	-9.16%	7.86%	10.76%	4.89%	9.76%	0.41%	14.69%	11.83%	14.31%	15.75%
Return on Assets (ROA)	-9.11%	5.30%	8.57%	-2.25%	5.95%	-7.64%	9.40%	7.11%	13.58%	11.55%
Return on Common Equity (ROCE)	-17.34%	10.64%	16.31%	-4.58%	13.75%	-19.67%	25.85%	19.91%	35.18%	25.39%
Return on Equity Simple (ROE_SIMPLE)	-26.42%	12.72%	18.15%	-6.41%	18.64%	-31.98%	30.20%	27.06%	38.29%	29.75%
Net Operating Profit after Tax (NOPAT)	-222	204	301	-94	222	15	316	271	559	485
NOPAT Margin	-7.73%	8.47%	11.07%	-2.89%	6.65%	0.56%	9.28%	6.26%	14.21%	12.15%
Net Nonoperating Expense Percent (NNEP)	11.59%	5.54%	4.41%	-2.86%	4.41%	26.47%	3.24%	2.54%	6.68%	6.40%
Cost of Revenue to Revenue	79.62%	76.15%	75.82%	76.19%	79.47%	80.87%	76.56%	79.52%	78.66%	75.96%
SG&A Expenses to Revenue	9.82%	11.41%	9.64%	9.50%	8.69%	11.17%	8.48%	5.97%	6.44%	7.09%
R&D to Revenue	2.02%	2.20%	2.10%	2.04%	1.80%	2.18%	1.64%	1.27%	1.45%	1.58%
Operating Expenses to Revenue	31.42%	13.60%	11.74%	19.37%	11.36%	18.32%	10.12%	12.03%	7.96%	8.66%
Earnings before Interest and Taxes (EBIT)	-328	240	343	161	305	12	447	404	510	578
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-145	401	498	310	453	170	607	550	654	729
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.30	2.11	1.95	2.88	2.33	2.71	2.84	3.85	3.01	4.30
Price to Tangible Book Value (P/TBV)	1.72	2.74	2.41	3.45	2.86	4.12	3.80	4.90	3.56	4.95
Price to Revenue (P/Rev)	0.56	1.12	1.08	1.03	0.70	0.72	0.79	0.80	0.97	1.53
Price to Earnings (P/E)	0.00	18.32	11.80	0.00	14.81	0.00	10.74	16.54	8.55	16.13
Dividend Yield	3.46%	2.41%	2.62%	2.39%	3.38%	4.23%	2.96%	2.41%	2.26%	1.49%
Earnings Yield	0.00%	5.46%	8.47%	0.00%	6.75%	0.00%	9.31%	6.05%	11.70%	6.20%
Enterprise Value to Invested Capital (EV/IC)	1.16	1.69	1.64	2.06	1.67	1.68	1.85	2.14	2.05	2.89
Enterprise Value to Revenue (EV/Rev)	0.90	1.45	1.35	1.30	0.99	1.12	1.11	1.11	1.26	1.80
Enterprise Value to EBITDA (EV/EBITDA)	0.00	8.69	7.36	13.63	7.32	17.17	6.23	8.74	7.59	9.86
Enterprise Value to EBIT (EV/EBIT)	0.00	14.52	10.68	26.24	10.88	243.22	8.46	11.90	9.74	12.43
Enterprise Value to NOPAT (EV/NOPAT)	0.00	17.06	12.18	0.00	14.94	198.55	11.95	17.77	8.89	14.81
Enterprise Value to Operating Cash Flow (EV/OCF)	5.19	8.89	10.53	14.17	9.14	7.74	14.72	48.08	8.34	10.39
Enterprise Value to Free Cash Flow (EV/FCFF)	4.45	9.65	28.69	46.18	11.56	10.98	330.07	73.34	12.98	16.86
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.73	0.66	0.56	0.78	0.94	1.37	1.07	1.40	0.91	0.72
Long-Term Debt to Equity	0.71	0.65	0.40	0.56	0.90	1.34	0.66	1.06	0.78	0.68
Financial Leverage	0.52	0.55	0.41	0.47	0.68	0.91	0.99	1.02	0.92	0.64
Leverage Ratio	2.07	2.21	2.09	2.25	2.59	2.97	3.20	3.22	2.92	2.45
Compound Leverage Factor	2.38	1.76	1.82	1.63	2.16	-8.17	2.90	2.67	2.58	2.24
Debt to Total Capital	42.11%	39.74%	35.87%	43.95%	48.41%	57.80%	51.60%	58.30%	47.56%	41.76%
Short-Term Debt to Total Capital	0.98%	0.34%	10.21%	12.45%	1.82%	1.09%	19.76%	14.30%	6.78%	1.94%
Long-Term Debt to Total Capital	41.14%	39.40%	25.66%	31.51%	46.59%	56.71%	31.84%	44.00%	40.78%	39.82%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.56%	5.34%	5.75%	5.48%	6.19%	6.38%	6.35%	5.41%	5.33%	6.04%
Common Equity to Total Capital	52.33%	54.91%	58.39%	50.57%	45.40%	35.82%	42.05%	36.28%	47.11%	52.20%
Debt to EBITDA	-6.85	2.30	1.86	3.24	2.35	6.56	1.91	2.62	1.95	1.56
Net Debt to EBITDA	-5.92	1.67	1.18	2.50	1.89	5.44	1.57	2.21	1.56	1.23
Long-Term Debt to EBITDA	-6.69	2.28	1.33	2.32	2.26	6.44	1.18	1.98	1.67	1.49
Debt to NOPAT	-4.48	4.51	3.07	-10.72	4.79	75.85	3.67	5.33	2.28	2.35
Net Debt to NOPAT	-3.87	3.27	1.96	-8.30	3.86	62.93	3.01	4.50	1.82	1.84
Long-Term Debt to NOPAT	-4.37	4.47	2.20	-7.69	4.61	74.42	2.27	4.03	1.96	2.24
Altman Z-Score	2.05	3.01	3.11	2.95	3.06	2.22	2.80	3.19	3.48	4.21
Noncontrolling Interest Sharing Ratio	8.10%	9.23%	8.92%	9.31%	10.82%	13.30%	13.97%	13.05%	11.36%	10.28%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.38	2.64	1.75	1.46	2.02	1.85	1.24	1.65	1.98	2.08
Quick Ratio	1.26	1.65	1.09	0.85	1.17	1.08	0.71	0.94	1.14	1.24
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	582	361	128	91	287	266	11	66	383	426
Operating Cash Flow to CapEx	353.90%	408.33%	236.73%	156.84%	162.05%	188.50%	131.79%	51.81%	251.05%	287.14%
Free Cash Flow to Firm to Interest Expense	10.98	6.69	2.41	1.69	4.86	5.01	0.23	1.17	4.25	5.26
Operating Cash Flow to Interest Expense	9.42	7.26	6.57	5.52	6.15	7.11	5.24	1.79	6.61	8.54
Operating Cash Flow Less CapEx to Interest Expense	6.75	5.48	3.79	2.00	2.36	3.34	1.27	-1.66	3.98	5.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.80	0.79	0.85	0.99	1.07	0.90	1.12	1.27	1.10	1.09
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	5.11	4.97	5.32	0.00	0.00	5.12	5.92	5.79	4.95	5.34
Fixed Asset Turnover	1.94	1.80	2.09	2.49	2.52	1.96	2.53	3.27	2.93	2.71
Accounts Payable Turnover	5.07	4.88	5.02	4.62	4.61	4.12	4.52	5.00	4.73	4.76
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	71.45	73.46	68.66	0.00	0.00	71.22	61.67	63.05	73.72	68.39
Days Payable Outstanding (DPO)	71.93	74.85	72.73	79.06	79.14	88.49	80.76	72.98	77.14	76.75
Cash Conversion Cycle (CCC)	-0.48	-1.39	-4.08	-79.06	-79.14	-17.27	-19.09	-9.93	-3.42	-8.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,224	2,067	2,240	2,055	1,990	1,739	2,044	2,249	2,425	2,484
Invested Capital Turnover	1.09	1.12	1.26	1.51	1.65	1.40	1.80	2.01	1.68	1.63
Increase / (Decrease) in Invested Capital	-804	-157	173	-185	-65	-251	305	205	176	59
Enterprise Value (EV)	2,588	3,486	3,663	4,224	3,318	2,919	3,782	4,808	4,965	7,187
Market Capitalization	1,598	2,693	2,927	3,323	2,326	1,871	2,685	3,457	3,804	6,128
Book Value per Share	$19.61	$20.42	$24.17	$18.75	$17.27	$12.24	$16.70	$15.95	$22.60	$25.99
Tangible Book Value per Share	$14.73	$15.74	$19.49	$15.64	$14.05	$8.04	$12.46	$12.54	$19.13	$22.60
Total Capital	2,358	2,320	2,576	2,282	2,198	1,929	2,252	2,475	2,683	2,730
Total Debt	993	922	924	1,003	1,064	1,115	1,162	1,443	1,276	1,140
Total Long-Term Debt	970	914	661	719	1,024	1,094	717	1,089	1,094	1,087
Net Debt	859	669	588	776	856	925	954	1,217	1,018	894
Capital Expenditures (CapEx)	141	96	147	190	224	200	195	193	237	241
Debt-free, Cash-free Net Working Capital (DFCFNWC)	553	458	540	543	482	319	555	863	748	663
Debt-free Net Working Capital (DFNWC)	630	658	820	718	651	470	723	1,069	986	886
Net Working Capital (NWC)	607	650	557	434	611	449	278	715	804	833
Net Nonoperating Expense (NNE)	104	42	28	-20	36	236	30	28	75	61
Net Nonoperating Obligations (NNO)	859	669	588	776	856	925	954	1,217	1,018	894
Total Depreciation and Amortization (D&A)	183	161	155	149	148	158	160	146	144	151
Debt-free, Cash-free Net Working Capital to Revenue	19.26%	19.00%	19.87%	16.75%	14.44%	12.20%	16.28%	19.97%	19.03%	16.60%
Debt-free Net Working Capital to Revenue	21.94%	27.29%	30.18%	22.15%	19.51%	17.98%	21.21%	24.74%	25.08%	22.18%
Net Working Capital to Revenue	21.14%	26.96%	20.50%	13.39%	18.31%	17.18%	8.15%	16.55%	20.45%	20.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($5.27)	$2.38	$3.83	($1.85)	$2.64	($4.21)	$4.35	$3.65	$7.79	$6.79
Adjusted Weighted Average Basic Shares Outstanding	63.40M	62.40M	62.30M	61.70M	58.70M	56.60M	56.70M	56.50M	56.10M	55.10M
Adjusted Diluted Earnings per Share	($5.27)	$2.36	$3.80	($1.85)	$2.63	($4.21)	$4.34	$3.62	$7.73	$6.72
Adjusted Weighted Average Diluted Shares Outstanding	63.40M	62.90M	62.70M	61.70M	58.80M	56.60M	56.80M	56.90M	56.50M	55.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	62.57M	62.33M	61.95M	60.03M	56.98M	56.60M	56.80M	56.33M	55.31M	54.39M
Normalized Net Operating Profit after Tax (NOPAT)	172	204	301	279	243	106	316	415	370	485
Normalized NOPAT Margin	5.97%	8.47%	11.07%	8.59%	7.28%	4.04%	9.28%	9.59%	9.42%	12.15%
Pre Tax Income Margin	-13.13%	7.92%	11.00%	3.61%	7.64%	-1.26%	11.91%	7.75%	11.47%	13.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-6.19	4.44	6.47	2.98	5.17	0.23	9.12	7.21	5.67	7.14
NOPAT to Interest Expense	-4.19	3.78	5.67	-1.73	3.76	0.28	6.46	4.83	6.21	5.99
EBIT Less CapEx to Interest Expense	-8.85	2.67	3.70	-0.54	1.37	-3.55	5.14	3.77	3.03	4.16
NOPAT Less CapEx to Interest Expense	-6.85	2.01	2.90	-5.25	-0.03	-3.50	2.48	1.39	3.57	3.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-25.46%	50.00%	33.33%	-136.49%	55.38%	-47.96%	34.62%	43.62%	26.86%	28.30%
Augmented Payout Ratio	-56.44%	77.78%	55.68%	-328.38%	148.39%	-67.87%	35.66%	65.43%	47.11%	68.87%

This table displays calculated financial ratios and metrics derived from Cabot's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.01%	-0.31%	-5.40%	-15.75%	-13.22%	-0.73%	-1.36%	4.96%	3.73%	-0.31%	-8.15%
EBITDA Growth	69.75%	400.00%	-15.79%	-9.85%	-12.87%	9.63%	20.00%	12.02%	4.55%	30.41%	4.69%
EBIT Growth	119.74%	219.05%	-19.48%	-11.98%	-16.77%	7.00%	25.00%	14.97%	5.76%	45.79%	5.16%
NOPAT Growth	174.64%	237.69%	-21.86%	-9.79%	147.12%	8.51%	9.87%	25.09%	-41.19%	27.72%	4.85%
Net Income Growth	186.11%	182.50%	-28.07%	-15.09%	138.84%	-7.58%	18.29%	33.33%	-40.65%	70.49%	8.25%
EPS Growth	232.00%	159.24%	-29.89%	-15.38%	145.78%	-5.38%	15.50%	35.66%	-40.93%	89.77%	13.42%
Operating Cash Flow Growth	5.00%	206.12%	1,520.00%	614.71%	31.43%	101.92%	8.64%	-14.81%	47.83%	18.10%	-58.52%
Free Cash Flow Firm Growth	64.42%	56.17%	34.85%	186.44%	204.03%	44.47%	106.50%	-135.30%	4.26%	250.10%	-1,349.88%
Invested Capital Growth	10.03%	10.24%	8.89%	1.62%	7.83%	6.96%	4.14%	6.72%	2.43%	-0.20%	7.67%
Revenue Q/Q Growth	-3.22%	-13.22%	7.05%	-6.29%	-0.31%	-0.73%	6.37%	-0.29%	-1.48%	-4.60%	-1.99%
EBITDA Q/Q Growth	-0.49%	-33.17%	18.52%	14.38%	-3.83%	-15.91%	29.73%	6.77%	-10.24%	4.89%	4.15%
EBIT Q/Q Growth	0.00%	-40.12%	24.00%	18.55%	-5.44%	-23.02%	44.86%	9.03%	-13.02%	6.12%	4.49%
NOPAT Q/Q Growth	-2.63%	-27.83%	18.74%	8.11%	166.76%	-68.31%	20.23%	23.08%	25.42%	-31.19%	-1.30%
Net Income Q/Q Growth	-2.83%	-35.92%	24.24%	9.76%	173.33%	-75.20%	59.02%	23.71%	21.67%	-28.77%	0.96%
EPS Q/Q Growth	-1.78%	-43.98%	38.71%	10.85%	185.31%	-78.43%	69.32%	30.20%	24.23%	-30.71%	1.20%
Operating Cash Flow Q/Q Growth	208.82%	-50.48%	211.54%	50.00%	-43.21%	-23.91%	67.62%	17.61%	-1.45%	-39.22%	-41.13%
Free Cash Flow Firm Q/Q Growth	-22.02%	-47.64%	29.49%	168.05%	46.85%	-178.82%	108.25%	-469.83%	533.70%	13.47%	-168.67%
Invested Capital Q/Q Growth	0.99%	4.85%	0.30%	-4.31%	7.16%	4.00%	-2.34%	-1.95%	2.86%	1.33%	5.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.78%	18.76%	20.33%	23.04%	23.32%	22.76%	24.14%	25.20%	23.98%	24.61%	25.75%
EBITDA Margin	18.17%	13.99%	15.49%	18.91%	18.24%	15.45%	18.84%	20.18%	18.38%	20.21%	21.47%
Operating Margin	12.86%	10.88%	12.49%	15.50%	14.72%	14.20%	15.31%	16.93%	14.99%	16.23%	17.31%
EBIT Margin	15.02%	10.36%	12.00%	15.19%	14.40%	11.17%	15.21%	16.63%	14.69%	16.34%	17.41%
Profit (Net Income) Margin	9.26%	6.84%	7.94%	9.30%	25.49%	6.37%	9.52%	11.81%	14.59%	10.89%	11.22%
Tax Burden Percent	79.85%	78.57%	74.55%	69.23%	193.70%	64.89%	68.31%	75.95%	108.15%	72.22%	69.54%
Interest Burden Percent	77.25%	84.00%	88.71%	88.44%	91.37%	87.85%	91.61%	93.49%	91.84%	92.31%	92.64%
Effective Tax Rate	22.48%	23.81%	26.36%	31.54%	-92.91%	36.17%	33.10%	25.32%	-7.41%	28.47%	32.45%
Return on Invested Capital (ROIC)	20.07%	15.92%	17.26%	19.27%	47.75%	14.57%	16.59%	21.39%	26.19%	18.39%	17.86%
ROIC Less NNEP Spread (ROIC-NNEP)	19.34%	14.75%	16.10%	18.11%	45.25%	12.27%	15.88%	20.51%	24.61%	17.72%	17.43%
Return on Net Nonoperating Assets (RNNOA)	19.79%	16.73%	15.69%	17.10%	41.46%	10.47%	12.11%	14.23%	15.70%	12.14%	11.35%
Return on Equity (ROE)	39.86%	32.65%	32.95%	36.37%	89.21%	25.04%	28.70%	35.62%	41.89%	30.53%	29.22%
Cash Return on Invested Capital (CROIC)	3.05%	9.21%	9.09%	15.70%	16.37%	16.80%	19.94%	19.26%	17.36%	20.20%	12.50%
Operating Return on Assets (OROA)	19.00%	13.06%	14.52%	17.81%	15.89%	12.12%	16.72%	18.90%	15.98%	17.77%	18.44%
Return on Assets (ROA)	11.72%	8.62%	9.60%	10.90%	28.11%	6.91%	10.46%	13.42%	15.87%	11.85%	11.88%
Return on Common Equity (ROCE)	34.66%	27.94%	28.93%	31.92%	79.08%	22.23%	25.84%	31.95%	37.59%	27.52%	26.36%
Return on Equity Simple (ROE_SIMPLE)	0.00%	38.55%	32.48%	30.15%	0.00%	36.04%	36.14%	38.93%	0.00%	34.19%	33.29%
Net Operating Profit after Tax (NOPAT)	111	80	95	103	274	87	104	128	161	111	109
NOPAT Margin	9.97%	8.29%	9.20%	10.61%	28.39%	9.06%	10.24%	12.64%	16.10%	11.61%	11.69%
Net Nonoperating Expense Percent (NNEP)	0.72%	1.17%	1.16%	1.16%	2.50%	2.30%	0.71%	0.88%	1.58%	0.67%	0.44%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	3.11%	-	-	-	4.09%	3.80%
Cost of Revenue to Revenue	80.22%	81.24%	79.67%	76.96%	76.68%	77.24%	75.86%	74.80%	76.02%	75.39%	74.25%
SG&A Expenses to Revenue	5.58%	6.22%	6.39%	5.99%	7.15%	6.99%	7.36%	6.69%	7.29%	6.91%	6.84%
R&D to Revenue	1.26%	1.35%	1.45%	1.55%	1.45%	1.57%	1.47%	1.57%	1.70%	1.47%	1.60%
Operating Expenses to Revenue	9.08%	7.88%	7.84%	7.54%	8.60%	8.56%	8.83%	8.27%	8.99%	8.38%	8.44%
Earnings before Interest and Taxes (EBIT)	167	100	124	147	139	107	155	169	147	156	163
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	202	135	160	183	176	148	192	205	184	193	201
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.85	3.62	3.83	3.25	3.01	3.45	3.72	3.77	4.30	3.64	3.16
Price to Tangible Book Value (P/TBV)	4.90	4.49	4.67	3.95	3.56	4.06	4.35	4.38	4.95	4.20	3.62
Price to Revenue (P/Rev)	0.80	0.85	0.99	0.90	0.97	1.17	1.30	1.28	1.53	1.24	1.15
Price to Earnings (P/E)	16.54	10.37	13.15	12.07	8.55	10.41	11.31	10.65	16.13	11.74	10.41
Dividend Yield	2.41%	2.28%	1.98%	2.30%	2.26%	1.91%	1.74%	1.77%	1.49%	1.85%	2.07%
Earnings Yield	6.05%	9.64%	7.61%	8.29%	11.70%	9.61%	8.84%	9.39%	6.20%	8.52%	9.61%
Enterprise Value to Invested Capital (EV/IC)	2.14	2.12	2.31	2.13	2.05	2.29	2.51	2.55	2.89	2.43	2.16
Enterprise Value to Revenue (EV/Rev)	1.11	1.16	1.29	1.18	1.26	1.47	1.58	1.55	1.80	1.53	1.47
Enterprise Value to EBITDA (EV/EBITDA)	8.74	6.85	7.82	7.08	7.59	8.67	8.85	8.53	9.86	7.90	7.32
Enterprise Value to EBIT (EV/EBIT)	11.90	8.50	9.81	8.95	9.74	11.19	11.29	10.78	12.43	9.76	9.03
Enterprise Value to NOPAT (EV/NOPAT)	17.77	11.74	13.71	12.39	8.89	10.08	10.68	10.20	14.81	12.14	11.27
Enterprise Value to Operating Cash Flow (EV/OCF)	48.08	24.88	15.50	8.56	8.34	8.93	9.34	9.82	10.39	8.60	9.43
Enterprise Value to Free Cash Flow (EV/FCFF)	73.34	24.16	26.53	13.65	12.98	14.11	12.85	13.64	16.86	12.02	17.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.40	1.22	1.10	0.98	0.91	0.89	0.79	0.76	0.72	0.79	0.81
Long-Term Debt to Equity	1.06	0.94	0.89	0.86	0.78	0.74	0.72	0.72	0.68	0.72	0.69
Financial Leverage	1.02	1.13	0.97	0.94	0.92	0.85	0.76	0.69	0.64	0.69	0.65
Leverage Ratio	3.22	3.25	3.06	3.01	2.92	2.74	2.60	2.52	2.45	2.45	2.38
Compound Leverage Factor	2.49	2.73	2.72	2.66	2.67	2.41	2.38	2.36	2.25	2.27	2.21
Debt to Total Capital	58.30%	54.89%	52.47%	49.40%	47.56%	47.08%	44.00%	43.25%	41.76%	44.16%	44.77%
Short-Term Debt to Total Capital	14.30%	12.42%	10.26%	5.72%	6.78%	7.68%	3.57%	2.16%	1.94%	4.02%	6.91%
Long-Term Debt to Total Capital	44.00%	42.47%	42.21%	43.69%	40.78%	39.40%	40.43%	41.09%	39.82%	40.14%	37.86%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.41%	5.84%	5.13%	5.40%	5.33%	5.24%	5.20%	5.69%	6.04%	5.49%	5.66%
Common Equity to Total Capital	36.28%	39.28%	42.40%	45.20%	47.11%	47.69%	50.80%	51.06%	52.20%	50.35%	49.57%
Debt to EBITDA	2.62	1.93	1.94	1.82	1.95	1.97	1.69	1.58	1.56	1.55	1.65
Net Debt to EBITDA	2.21	1.64	1.62	1.47	1.56	1.57	1.37	1.27	1.23	1.29	1.36
Long-Term Debt to EBITDA	1.98	1.49	1.56	1.61	1.67	1.65	1.56	1.50	1.49	1.41	1.39
Debt to NOPAT	5.33	3.31	3.41	3.18	2.28	2.29	2.04	1.89	2.35	2.38	2.53
Net Debt to NOPAT	4.50	2.81	2.84	2.57	1.82	1.82	1.65	1.53	1.84	1.99	2.09
Long-Term Debt to NOPAT	4.03	2.56	2.74	2.81	1.96	1.91	1.88	1.80	2.24	2.16	2.14
Altman Z-Score	2.97	3.03	3.26	3.28	3.14	3.28	3.62	3.67	3.83	3.57	3.32
Noncontrolling Interest Sharing Ratio	13.05%	14.43%	12.23%	12.26%	11.36%	11.24%	9.97%	10.32%	10.28%	9.87%	9.78%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.65	1.83	1.93	2.17	1.98	2.04	2.24	2.22	2.08	2.00	1.96
Quick Ratio	0.94	0.98	1.08	1.23	1.14	1.17	1.32	1.30	1.24	1.15	1.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-94	-139	-98	67	98	-77	6.37	-24	102	116	-80
Operating Cash Flow to CapEx	116.67%	185.71%	317.65%	303.75%	176.92%	194.44%	409.30%	398.08%	221.74%	161.04%	101.39%
Free Cash Flow to Firm to Interest Expense	-5.23	-6.32	-4.26	2.78	4.66	-3.51	0.30	-1.24	5.37	6.44	-4.19
Operating Cash Flow to Interest Expense	5.83	2.36	7.04	10.13	6.57	4.77	8.38	10.89	10.74	6.89	3.84
Operating Cash Flow Less CapEx to Interest Expense	0.83	1.09	4.83	6.79	2.86	2.32	6.33	8.16	5.89	2.61	0.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.27	1.26	1.21	1.17	1.10	1.09	1.10	1.14	1.09	1.09	1.06
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	5.79	5.52	5.43	5.17	4.95	4.61	5.10	5.26	5.34	5.23	5.38
Fixed Asset Turnover	3.27	3.36	3.22	3.09	2.93	2.86	2.81	2.83	2.71	2.66	2.58
Accounts Payable Turnover	5.00	5.52	5.07	4.97	4.73	5.02	5.01	5.05	4.76	5.09	5.04
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	63.05	66.12	67.27	70.66	73.72	79.10	71.59	69.35	68.39	69.82	67.88
Days Payable Outstanding (DPO)	72.98	66.12	71.97	73.47	77.14	72.75	72.81	72.32	76.75	71.69	72.35
Cash Conversion Cycle (CCC)	-9.93	0.00	-4.71	-2.81	-3.42	6.35	-1.22	-2.97	-8.36	-1.88	-4.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,249	2,358	2,365	2,263	2,425	2,522	2,463	2,415	2,484	2,517	2,652
Invested Capital Turnover	2.01	1.92	1.88	1.82	1.68	1.61	1.62	1.69	1.63	1.58	1.53
Increase / (Decrease) in Invested Capital	205	219	193	36	176	164	98	152	59	-5.00	189
Enterprise Value (EV)	4,808	5,001	5,473	4,813	4,965	5,784	6,185	6,147	7,187	6,118	5,733
Market Capitalization	3,457	3,652	4,207	3,681	3,804	4,591	5,089	5,078	6,128	4,967	4,508
Book Value per Share	$15.95	$17.91	$19.51	$20.14	$22.60	$24.03	$24.66	$24.36	$25.99	$25.11	$26.32
Tangible Book Value per Share	$12.54	$14.43	$15.98	$16.60	$19.13	$20.43	$21.13	$20.97	$22.60	$21.73	$22.94
Total Capital	2,475	2,569	2,592	2,502	2,683	2,787	2,691	2,636	2,730	2,713	2,879
Total Debt	1,443	1,410	1,360	1,236	1,276	1,312	1,184	1,140	1,140	1,198	1,289
Total Long-Term Debt	1,089	1,091	1,094	1,093	1,094	1,098	1,088	1,083	1,087	1,089	1,090
Net Debt	1,217	1,199	1,133	997	1,018	1,047	956	919	894	1,002	1,062
Capital Expenditures (CapEx)	90	28	51	80	78	54	43	52	92	77	72
Debt-free, Cash-free Net Working Capital (DFCFNWC)	863	945	899	787	748	832	777	734	663	675	771
Debt-free Net Working Capital (DFNWC)	1,069	1,135	1,104	1,007	986	1,076	983	931	886	858	984
Net Working Capital (NWC)	715	816	838	864	804	862	887	874	833	749	785
Net Nonoperating Expense (NNE)	7.85	14	13	13	28	26	7.37	8.46	15	6.87	4.43
Net Nonoperating Obligations (NNO)	1,217	1,199	1,133	997	1,018	1,047	956	919	894	1,002	1,062
Total Depreciation and Amortization (D&A)	35	35	36	36	37	41	37	36	37	37	38
Debt-free, Cash-free Net Working Capital to Revenue	19.97%	21.89%	21.11%	19.30%	19.03%	21.20%	19.87%	18.54%	16.60%	16.91%	19.73%
Debt-free Net Working Capital to Revenue	24.74%	26.29%	25.92%	24.69%	25.08%	27.42%	25.14%	23.52%	22.18%	21.50%	25.18%
Net Working Capital to Revenue	16.55%	18.90%	19.68%	21.19%	20.45%	21.97%	22.69%	22.08%	20.86%	18.77%	20.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.66	$0.94	$1.31	$1.44	$4.10	$0.88	$1.50	$1.96	$2.45	$1.69	$1.71
Adjusted Weighted Average Basic Shares Outstanding	56.50M	56.30M	56.30M	56.10M	56.10M	55.30M	55.40M	55.10M	55.10M	54.30M	54M
Adjusted Diluted Earnings per Share	$1.66	$0.93	$1.29	$1.43	$4.08	$0.88	$1.49	$1.94	$2.41	$1.67	$1.69
Adjusted Weighted Average Diluted Shares Outstanding	56.90M	56.70M	56.80M	56.50M	56.50M	55.80M	55.80M	55.70M	55.70M	55M	54.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	56.33M	56.32M	56.15M	55.94M	55.31M	55.43M	55.26M	54.82M	54.39M	54.22M	53.72M
Normalized Net Operating Profit after Tax (NOPAT)	112	82	95	103	97	87	104	128	105	111	109
Normalized NOPAT Margin	10.04%	8.53%	9.20%	10.61%	10.08%	9.06%	10.24%	12.64%	10.49%	11.61%	11.69%
Pre Tax Income Margin	11.60%	8.70%	10.65%	13.43%	13.16%	9.81%	13.94%	15.55%	13.49%	15.08%	16.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.28	4.55	5.39	6.13	6.62	4.86	7.38	8.89	7.74	8.67	8.58
NOPAT to Interest Expense	6.16	3.64	4.13	4.28	13.04	3.95	4.97	6.76	8.48	6.16	5.76
EBIT Less CapEx to Interest Expense	4.28	3.27	3.17	2.79	2.90	2.41	5.33	6.16	2.89	4.39	4.79
NOPAT Less CapEx to Interest Expense	1.16	2.36	1.91	0.95	9.33	1.49	2.92	4.02	3.64	1.88	1.97
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	43.62%	28.79%	36.97%	37.24%	26.86%	26.93%	21.05%	22.90%	28.30%	27.84%	27.37%
Augmented Payout Ratio	65.43%	41.90%	51.54%	52.79%	47.11%	50.73%	45.75%	52.67%	68.87%	66.60%	70.32%

Frequently Asked Questions About Cabot's Financials

When does Cabot's financial year end?

According to the most recent income statement we have on file, Cabot's fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has Cabot's net income changed over the last 9 years?

Cabot's net income appears to be on an upward trend, with a most recent value of $424 million in 2024, falling from -$326 million in 2015. The previous period was $484 million in 2023. See where experts think Cabot is headed by visiting Cabot's forecast page.

What is Cabot's operating income?

Cabot's total operating income in 2024 was $614 million, based on the following breakdown:

Total Gross Profit: $960 million
Total Operating Expenses: $346 million

How has Cabot's revenue changed over the last 9 years?

Over the last 9 years, Cabot's total revenue changed from $2.87 billion in 2015 to $3.99 billion in 2024, a change of 39.1%.

How much debt does Cabot have?

Cabot's total liabilities were at $2.15 billion at the end of 2024, a 2.3% decrease from 2023, and a 25.5% increase since 2015.

How much cash does Cabot have?

In the past 9 years, Cabot's cash and equivalents has ranged from $77 million in 2015 to $280 million in 2017, and is currently $223 million as of their latest financial filing in 2024.

How has Cabot's book value per share changed over the last 9 years?

Over the last 9 years, Cabot's book value per share changed from 19.61 in 2015 to 25.99 in 2024, a change of 32.5%.

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This page (NYSE:CBT) was last updated on 6/17/2025 by MarketBeat.com Staff

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