Element Solutions (ESI) Financials

$22.17 -0.27 (-1.20%)

As of 05/20/2025 03:59 PM Eastern

Annual Income Statements for Element Solutions

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	244	118	187	203	76	92	-324	-296	-41	-309
Consolidated Net Income / (Loss)	245	118	188	204	76	93	-320	-296	-77	-304
Net Income / (Loss) Continuing Operations	243	116	186	203	77	80	-77	-192	-191	-304
Total Pre-Tax Income	288	129	272	252	81	141	-53	-260	-232	-229
Total Operating Income	344	174	325	300	233	249	249	200	89	72
Total Gross Profit	1,036	919	953	961	786	788	838	814	777	992
Total Revenue	2,457	2,333	2,549	2,400	1,854	1,836	1,961	1,879	1,770	2,542
Operating Revenue	2,457	2,333	2,549	2,400	1,854	1,836	1,961	1,879	1,770	2,542
Total Cost of Revenue	1,421	1,415	1,597	1,439	1,068	1,048	1,123	1,065	993	1,550
Operating Cost of Revenue	1,421	1,415	1,597	1,439	1,068	1,048	1,123	1,065	993	1,550
Total Operating Expenses	692	745	627	661	553	539	589	614	688	920
Selling, General & Admin Expense	629	597	579	611	505	497	545	567	596	858
Research & Development Expense	63	68	49	50	49	42	44	46	45	63
Impairment Charge	0.00	80	0.00	0.00	-	-	-	-	47	0.00
Total Other Income / (Expense), net	-56	-45	-53	-48	-152	-108	-302	-461	-321	-301
Interest & Investment Income	-56	-49	-51	-54	-63	-91	-311	-337	-372	-214
Other Income / (Expense), net	0.10	4.80	-2.10	6.00	-88	-18	9.30	-124	51	-87
Income Tax Expense	45	13	86	48	4.30	61	24	-69	-41	75
Net Income / (Loss) Discontinued Operations	1.60	2.10	1.80	0.30	-1.10	13	-243	-104	114	-
Net Income / (Loss) Attributable to Noncontrolling Interest	0.30	0.10	0.80	0.40	0.00	0.70	4.50	0.60	-3.00	4.20
Basic Earnings per Share	$1.01	$0.49	$0.76	$0.82	$0.30	$0.36	($1.13)	($1.04)	($0.17)	($1.52)
Weighted Average Basic Shares Outstanding	242.10M	241.40M	245.10M	247.40M	248.80M	257.60M	288.20M	286.10M	243.30M	203.20M
Diluted Earnings per Share	$1.01	$0.49	$0.76	$0.82	$0.30	$0.35	($1.13)	($1.04)	($0.65)	($1.52)
Weighted Average Diluted Shares Outstanding	242.60M	241.80M	245.80M	247.90M	249.90M	260.10M	288.20M	286.10M	272.30M	203.20M
Weighted Average Basic & Diluted Shares Outstanding	242.45M	241.99M	241.36M	248.16M	247.10M	504.88M	287.10M	284.80M	240M	203M
Cash Dividends to Common per Share	$0.32	$0.32	$0.32	$0.25	$0.05	-	$0.00	$0.00	$0.00	$0.00

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	98	55	40	93	56	77	-32	30	43	13	53
Consolidated Net Income / (Loss)	98	55	40	93	56	77	-32	30	43	13	53
Net Income / (Loss) Continuing Operations	98	55	40	92	56	78	-32	27	43	13	53
Total Pre-Tax Income	116	67	77	74	70	38	-16	48	60	38	70
Total Operating Income	77	75	95	96	78	56	-0.90	53	66	60	79
Total Gross Profit	251	256	268	267	245	220	242	229	228	218	222
Total Revenue	594	624	645	613	575	573	599	586	574	574	619
Operating Revenue	594	624	645	613	575	573	599	586	574	574	619
Total Cost of Revenue	343	368	378	346	330	353	357	358	347	356	397
Operating Cost of Revenue	343	368	378	346	330	353	357	358	347	356	397
Total Operating Expenses	173	181	173	171	167	165	243	176	161	158	143
Selling, General & Admin Expense	157	167	158	155	149	151	150	147	149	147	131
Research & Development Expense	16	14	15	16	18	14	13	29	13	11	11
Total Other Income / (Expense), net	38	-8.10	-18	-22	-8.30	-18	-16	-4.60	-6.50	-22	-9.40
Interest & Investment Income	-14	-14	-14	-14	-14	-12	-13	-12	-12	-12	-12
Other Income / (Expense), net	53	5.80	-3.60	-7.70	5.60	-5.60	-2.20	7.40	5.20	-10	2.90
Income Tax Expense	18	12	37	-18	14	-40	15	21	17	25	17
Basic Earnings per Share	$0.40	$0.22	$0.17	$0.39	$0.23	$0.32	($0.13)	$0.12	$0.18	$0.05	$0.22
Weighted Average Basic Shares Outstanding	242.40M	242.10M	242.10M	242.10M	241.80M	241.40M	241.50M	241.40M	241.10M	245.10M	244.70M
Diluted Earnings per Share	$0.40	$0.22	$0.17	$0.39	$0.23	$0.32	($0.13)	$0.12	$0.18	$0.05	$0.22
Weighted Average Diluted Shares Outstanding	243M	242.60M	242.60M	242.50M	242.50M	241.80M	241.50M	241.70M	241.80M	245.80M	245M
Weighted Average Basic & Diluted Shares Outstanding	242.50M	242.45M	242.16M	242.14M	242.06M	241.99M	241.52M	241.49M	241.42M	241.36M	242.09M
Cash Dividends to Common per Share	$0.08	-	$0.08	$0.08	$0.08	-	$0.08	$0.08	$0.08	-	$0.08

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	70	24	-65	38	102	-225	-41	27	8.40	35
Net Cash From Operating Activities	364	336	298	323	276	171	-0.80	-34	-38	321
Net Cash From Continuing Operating Activities	362	334	296	326	276	171	-0.80	-34	-38	321
Net Income / (Loss) Continuing Operations	243	116	186	203	77	80	-77	-192	-191	-304
Consolidated Net Income / (Loss)	245	118	188	204	76	93	-320	-296	-77	-304
Net Income / (Loss) Discontinued Operations	1.60	2.10	1.80	0.30	-1.10	13	-243	-104	114	-
Depreciation Expense	158	167	161	164	161	155	157	156	156	251
Non-Cash Adjustments To Reconcile Net Income	-26	121	33	51	97	12	3.80	121	57	210
Changes in Operating Assets and Liabilities, net	-13	-70	-84	-93	-59	-76	-84	-119	-60	164
Net Cash From Discontinued Operating Activities	1.60	2.20	1.80	-3.50	-	-	-	-	-	-
Net Cash From Investing Activities	-74	-250	-75	-569	-40	4,200	-24	-19	-26	-4,257
Net Cash From Continuing Investing Activities	-74	-250	-75	-569	-40	4,200	-24	-19	-26	-4,257
Purchase of Property, Plant & Equipment	-68	-53	-48	-46	-29	-30	-28	-31	-33	-48
Acquisitions	-3.90	-215	-23	-537	-9.00	-64	-28	0.00	-1.20	-4,600
Sale of Property, Plant & Equipment	0.00	1.40	4.80	0.00	1.70	4.60	4.20	17	9.40	26
Other Investing Activities, net	-1.50	16	-9.60	14	-3.80	6.90	3.60	-5.00	-1.70	366
Net Cash From Financing Activities	-207	-59	-276	290	-124	-4,439	-1.40	-1.70	-131	4,001
Net Cash From Continuing Financing Activities	-207	-59	-276	290	-124	-4,439	-1.40	-1.70	-131	4,001
Repayment of Debt	-1,169	-1,278	-46	-27	-856	-5,425	-26	-4,145	-3,363	-386
Repurchase of Common Equity	0.00	0.00	-151	-20	-56	-507	0.00	0.00	-	-
Payment of Dividends	-78	-77	-78	-62	-12	0.00	0.00	-	-	-
Issuance of Debt	1,040	1,297	0.00	398	800	1,493	25	4,143	3,301	3,922
Effect of Exchange Rate Changes	-13	-3.20	-11	-	-	-	-	-	-	-31
Cash Interest Paid	65	56	47	51	52	125	293	316	349	148
Cash Income Taxes Paid	87	74	67	74	81	71	79	74	63	73

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	140	-17	67	23	-3.00	-40	47	3.40	13	32	18
Net Cash From Operating Activities	26	139	99	68	58	111	87	84	54	101	127
Net Cash From Continuing Operating Activities	26	139	99	67	58	112	87	81	54	101	127
Net Income / (Loss) Continuing Operations	98	55	40	92	56	78	-32	27	43	13	53
Consolidated Net Income / (Loss)	98	55	40	93	56	77	-32	30	43	13	53
Depreciation Expense	37	38	39	40	40	42	45	41	39	39	40
Non-Cash Adjustments To Reconcile Net Income	-57	-31	5.00	0.20	0.00	15	91	16	-0.70	10	-2.00
Changes in Operating Assets and Liabilities, net	-52	77	14	-65	-38	-23	-16	-2.80	-28	38	36
Net Cash From Investing Activities	338	-17	-13	-21	-23	-24	-13	-202	-12	-13	-16
Net Cash From Continuing Investing Activities	338	-17	-13	-21	-23	-24	-13	-202	-12	-13	-16
Purchase of Property, Plant & Equipment	-11	-22	-13	-15	-19	-16	-13	-14	-9.10	-15	-11
Acquisitions	0.00	-	-	-	-3.90	-26	-0.30	-188	0.00	-	-
Sale of Property, Plant & Equipment	0.10	-	-	-	0.00	-	0.90	-	0.50	1.40	-
Divestitures	323	-	-	-	-	-	-	-	-	-	-
Other Investing Activities, net	26	4.90	-	-6.40	0.00	19	0.30	-	-3.00	0.30	-4.80
Net Cash From Financing Activities	-227	-124	-28	-21	-33	-133	-23	127	-30	-64	-82
Net Cash From Continuing Financing Activities	-227	-124	-28	-21	-33	-133	-23	127	-30	-64	-82
Repayment of Debt	-208	-1,145	-8.80	-2.00	-13	-1,261	-3.30	-3.90	-10	-7.30	-8.80
Payment of Dividends	-20	-19	-19	-19	-20	-19	-19	-19	-19	-19	-20
Effect of Exchange Rate Changes	3.50	-14	9.00	-2.90	-5.60	5.90	-5.00	-5.10	1.00	8.40	-10

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	4,874	4,974	4,904	5,138	4,483	4,324	9,402	10,252	10,054	10,190
Total Current Assets	1,270	1,198	1,189	1,215	990	833	2,482	2,341	2,071	2,238
Cash & Equivalents	359	289	266	330	292	190	234	258	423	432
Accounts Receivable	440	462	456	492	403	364	382	400	1,055	1,023
Inventories, net	246	299	291	274	203	200	188	186	416	485
Prepaid Expenses	23	33	39	29	24	18	14	20	71	72
Other Current Assets	137	115	138	88	68	50	43	44	106	101
Other Current Nonoperating Assets	65	0.00	-	-	-	11	1,621	1,432	-	-
Plant, Property, & Equipment, net	277	297	277	278	240	265	267	287	461	492
Total Noncurrent Assets	3,327	3,480	3,438	3,646	3,253	3,226	6,652	7,624	7,522	7,461
Goodwill	2,132	2,337	2,413	2,526	2,253	2,180	2,183	2,253	4,179	4,022
Intangible Assets	732	879	806	957	856	944	1,025	1,161	3,233	3,314
Noncurrent Deferred & Refundable Income Taxes	133	121	52	82	77	-	-	-	-	-
Other Noncurrent Operating Assets	141	143	168	81	64	96	33	42	110	125
Other Noncurrent Nonoperating Assets	189	0.00	-	-	3.30	6.50	3,412	4,169	-	-
Total Liabilities & Shareholders' Equity	4,874	4,974	4,904	5,138	4,483	4,324	9,402	10,252	10,054	10,190
Total Liabilities	2,476	2,630	2,555	2,638	2,165	2,105	7,220	7,392	7,164	7,271
Total Current Liabilities	380	369	344	415	314	294	1,143	1,092	1,083	1,062
Short-Term Debt	10	12	12	13	7.40	7.80	25	10	116	55
Accounts Payable	121	141	132	138	96	97	101	111	384	450
Accrued Expenses	229	217	201	264	204	155	190	206	583	414
Other Current Nonoperating Liabilities	19	0.00	-	-	7.10	34	827	765	-	-
Total Noncurrent Liabilities	2,096	2,260	2,210	2,222	1,851	1,811	6,078	6,301	6,082	6,209
Long-Term Debt	1,814	1,921	1,884	1,894	1,508	1,513	5,351	5,437	5,123	5,174
Noncurrent Deferred & Payable Income Tax Liabilities	94	109	121	140	113	120	133	170	663	679
Noncurrent Employee Benefit Liabilities	22	28	37	36	43	51	50	56	74	81
Other Noncurrent Operating Liabilities	153	202	169	152	187	128	129	165	222	276
Other Noncurrent Nonoperating Liabilities	14	0.00	-	-	-	-	416	473	-	-
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	2,398	2,344	2,349	2,501	2,318	2,219	2,181	2,860	2,890	2,273
Total Preferred & Common Equity	2,383	2,329	2,333	2,481	2,320	2,221	2,109	2,743	2,736	2,104
Total Common Equity	2,383	2,329	2,333	2,481	2,320	2,221	2,109	2,743	2,736	2,104
Common Stock	4,217	4,200	4,189	4,169	4,126	4,117	4,065	4,035	3,984	3,523
Retained Earnings	-1,017	-1,183	-1,224	-1,332	-1,473	-1,537	-1,195	-870	-574	-533
Accumulated Other Comprehensive Income / (Loss)	-467	-346	-298	-197	-195	-281	-757	-422	-675	-886
Other Equity Adjustments	-350	-	-334	-	-	-	-	-	-	-
Noncontrolling Interest	15	16	17	20	-1.70	-1.60	72	117	154	169

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

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	4,795	5,098	4,982	4,912	4,969	5,061	4,927	4,870
Total Current Assets	1,361	1,351	1,302	1,236	1,300	1,257	1,234	1,179
Cash & Equivalents	499	376	309	286	330	282	279	234
Accounts Receivable	455	475	481	459	450	452	461	468
Inventories, net	270	286	335	319	323	333	322	310
Prepaid Expenses	28	28	29	25	31	34	40	35
Other Current Assets	109	116	148	146	166	155	132	132
Other Current Nonoperating Assets	0.00	70	-	-	-	-	-	-
Plant, Property, & Equipment, net	284	274	298	296	279	283	278	263
Total Noncurrent Assets	3,150	3,473	3,383	3,381	3,390	3,522	3,415	3,428
Goodwill	2,162	2,220	2,286	2,302	2,282	2,395	2,425	2,326
Intangible Assets	714	782	807	840	890	933	781	804
Noncurrent Deferred & Refundable Income Taxes	153	159	149	113	50	49	56	50
Other Noncurrent Operating Assets	122	120	141	126	169	145	152	247
Other Noncurrent Nonoperating Assets	0.00	191	-	-	-	-	-	-
Total Liabilities & Shareholders' Equity	4,795	5,098	4,982	4,912	4,969	5,061	4,927	4,870
Total Liabilities	2,260	2,644	2,594	2,573	2,723	2,741	2,555	2,565
Total Current Liabilities	345	384	372	341	377	378	343	354
Short-Term Debt	0.00	12	12	12	12	12	12	12
Accounts Payable	145	127	146	133	144	144	151	158
Accrued Expenses	199	229	215	197	221	223	180	184
Other Current Nonoperating Liabilities	0.00	17	-	-	-	-	-	-
Total Noncurrent Liabilities	1,915	2,260	2,222	2,232	2,346	2,363	2,213	2,211
Long-Term Debt	1,624	1,915	1,917	1,919	2,028	2,029	1,882	1,887
Noncurrent Deferred & Payable Income Tax Liabilities	97	106	104	103	104	115	120	123
Noncurrent Employee Benefit Liabilities	22	24	25	27	35	36	36	30
Other Noncurrent Operating Liabilities	173	199	176	184	179	183	174	172
Other Noncurrent Nonoperating Liabilities	0.00	16	-	-	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,535	2,455	2,389	2,339	2,246	2,320	2,371	2,305
Total Preferred & Common Equity	2,520	2,439	2,373	2,324	2,230	2,304	2,355	2,288
Total Common Equity	2,520	2,439	2,373	2,324	2,230	2,304	2,355	2,288
Common Stock	4,222	4,213	4,209	4,204	4,200	4,197	4,193	4,183
Retained Earnings	-939	-1,052	-1,073	-1,147	-1,241	-1,190	-1,200	-1,217
Accumulated Other Comprehensive Income / (Loss)	-410	-372	-413	-384	-387	-362	-297	-378
Other Equity Adjustments	-354	-	-349	-349	-	-342	-	-
Noncontrolling Interest	15	15	16	16	16	16	17	17

This table displays calculated financial ratios and metrics derived from Element Solutions' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.30%	-8.48%	6.23%	29.46%	0.97%	-6.38%	4.39%	6.13%	-30.37%	201.51%
EBITDA Growth	45.35%	-28.77%	3.13%	53.58%	-20.81%	-6.80%	78.28%	-21.51%	25.72%	148.00%
EBIT Growth	92.83%	-44.80%	5.66%	111.70%	-37.61%	-10.16%	236.99%	-45.55%	1,012.34%	-320.00%
NOPAT Growth	85.98%	-29.89%	-8.11%	9.98%	56.59%	-19.10%	24.13%	123.94%	24.86%	653.68%
Net Income Growth	106.85%	-37.13%	-7.71%	169.09%	-18.51%	129.04%	-8.22%	-285.40%	74.80%	-1,157.85%
EPS Growth	106.12%	-35.53%	-7.32%	173.33%	-14.29%	130.97%	-8.65%	-60.00%	57.24%	21.65%
Operating Cash Flow Growth	8.28%	12.80%	-7.69%	16.85%	61.50%	21,462.50%	97.67%	9.74%	-111.84%	226.78%
Free Cash Flow Firm Growth	331.93%	-54.14%	210.95%	-220.00%	125.82%	-67.28%	-92.15%	5,704.60%	101.52%	0.00%
Invested Capital Growth	-8.69%	0.22%	-2.42%	15.01%	-0.59%	0.96%	-4.15%	-52.17%	-0.12%	160.57%
Revenue Q/Q Growth	2.11%	-0.02%	-2.79%	4.82%	4.62%	-1.27%	81.96%	32.51%	-47.49%	22.18%
EBITDA Q/Q Growth	5.60%	0.79%	-1.32%	-5.91%	-7.94%	13.95%	59.79%	407.64%	-47.57%	3,962.07%
EBIT Q/Q Growth	9.83%	0.00%	-0.80%	-9.42%	-16.43%	25.19%	154.24%	168.42%	-40.29%	-365.52%
NOPAT Q/Q Growth	-13.08%	122.97%	3.51%	-4.69%	-18.43%	321.13%	89.41%	83.33%	-59.55%	32.35%
Net Income Q/Q Growth	-8.39%	119.30%	4.74%	-11.13%	-37.07%	70.15%	36.25%	-97.07%	62.77%	-45.86%
EPS Q/Q Growth	-9.01%	122.73%	5.56%	-10.87%	-36.17%	84.21%	35.43%	-153.66%	54.86%	45.91%
Operating Cash Flow Q/Q Growth	8.21%	3.26%	-5.61%	12.76%	1.06%	45.20%	-118.60%	56.58%	-122.92%	114.22%
Free Cash Flow Firm Q/Q Growth	23.99%	76.51%	-18.25%	23.43%	9.18%	168.26%	-92.86%	1,286.55%	104.54%	-14.07%
Invested Capital Q/Q Growth	-3.58%	0.80%	0.24%	-1.69%	0.87%	2.91%	-1.02%	-54.22%	1.08%	30.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.15%	39.37%	37.37%	40.04%	42.40%	42.94%	42.71%	43.32%	43.91%	39.02%
EBITDA Margin	20.42%	14.79%	19.00%	19.58%	16.50%	21.04%	21.14%	12.38%	16.73%	9.27%
Operating Margin	14.00%	7.44%	12.76%	12.50%	12.55%	13.57%	12.67%	10.66%	5.05%	2.82%
EBIT Margin	14.00%	7.65%	12.68%	12.75%	7.80%	12.62%	13.15%	4.07%	7.94%	-0.61%
Profit (Net Income) Margin	9.95%	5.07%	7.37%	8.49%	4.08%	5.06%	-16.31%	-15.74%	-4.33%	-11.97%
Tax Burden Percent	84.98%	91.56%	69.12%	80.93%	93.34%	65.93%	601.32%	113.52%	33.09%	132.75%
Interest Burden Percent	83.63%	72.37%	84.16%	82.28%	56.12%	60.84%	-20.64%	-340.39%	-164.98%	1,488.96%
Effective Tax Rate	15.57%	10.07%	31.54%	19.19%	5.30%	43.51%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	7.61%	3.92%	5.53%	6.36%	6.20%	3.96%	4.82%	2.46%	0.81%	0.94%
ROIC Less NNEP Spread (ROIC-NNEP)	4.43%	1.60%	3.36%	3.60%	-5.04%	0.42%	-40.54%	-12.99%	-2.09%	-12.68%
Return on Net Nonoperating Assets (RNNOA)	2.70%	1.12%	2.22%	2.10%	-2.86%	0.26%	-17.51%	-12.74%	-3.45%	-12.07%
Return on Equity (ROE)	10.31%	5.04%	7.75%	8.45%	3.34%	4.22%	-12.69%	-10.28%	-2.64%	-11.13%
Cash Return on Invested Capital (CROIC)	16.69%	3.70%	7.98%	-7.60%	6.79%	3.01%	9.05%	73.05%	0.93%	-88.13%
Operating Return on Assets (OROA)	6.99%	3.61%	6.44%	6.36%	3.28%	3.37%	2.62%	0.75%	1.39%	-0.21%
Return on Assets (ROA)	4.97%	2.39%	3.74%	4.23%	1.72%	1.35%	-3.26%	-2.91%	-0.76%	-4.13%
Return on Common Equity (ROCE)	10.24%	5.00%	7.69%	8.42%	3.34%	4.15%	-12.22%	-9.80%	-2.20%	-9.28%
Return on Equity Simple (ROE_SIMPLE)	10.26%	5.08%	8.06%	8.21%	3.26%	4.18%	-15.17%	-10.78%	-2.80%	-14.47%
Net Operating Profit after Tax (NOPAT)	290	156	223	242	220	141	174	140	63	50
NOPAT Margin	11.82%	6.69%	8.73%	10.10%	11.89%	7.67%	8.87%	7.46%	3.54%	1.97%
Net Nonoperating Expense Percent (NNEP)	3.18%	2.32%	2.16%	2.76%	11.24%	3.54%	45.36%	15.45%	2.90%	13.62%
Return On Investment Capital (ROIC_SIMPLE)	6.88%	3.65%	5.25%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	57.85%	60.63%	62.63%	59.96%	57.60%	57.06%	57.29%	56.68%	56.09%	60.98%
SG&A Expenses to Revenue	25.59%	25.58%	22.70%	25.47%	27.23%	27.07%	27.78%	30.19%	33.69%	33.73%
R&D to Revenue	2.56%	2.92%	1.91%	2.07%	2.62%	2.30%	2.26%	2.47%	2.54%	2.47%
Operating Expenses to Revenue	28.16%	31.93%	24.61%	27.54%	29.85%	29.37%	30.04%	32.66%	38.86%	36.20%
Earnings before Interest and Taxes (EBIT)	344	178	323	306	145	232	258	77	141	-15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	502	345	485	470	306	386	415	233	296	236
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.58	2.37	1.83	2.33	1.80	1.25	1.34	0.98	0.95	1.22
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.51	2.37	1.68	2.41	2.25	1.51	1.44	1.44	1.46	1.01
Price to Earnings (P/E)	25.22	46.73	22.86	28.45	55.10	30.16	0.00	0.00	0.00	0.00
Dividend Yield	1.26%	1.40%	1.81%	1.07%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.97%	2.14%	4.37%	3.51%	1.82%	3.32%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.10	1.80	1.49	1.81	1.52	1.15	2.28	2.17	0.98	1.06
Enterprise Value to Revenue (EV/Rev)	3.11	3.08	2.32	3.08	2.91	2.24	4.10	4.26	4.27	3.22
Enterprise Value to EBITDA (EV/EBITDA)	15.23	20.80	12.23	15.71	17.63	10.64	19.39	34.43	25.52	34.70
Enterprise Value to EBIT (EV/EBIT)	22.20	40.23	18.33	24.13	37.32	17.75	31.18	104.65	53.81	0.00
Enterprise Value to NOPAT (EV/NOPAT)	26.31	45.98	26.61	30.46	24.47	29.20	46.21	57.13	120.81	163.14
Enterprise Value to Operating Cash Flow (EV/OCF)	21.01	21.38	19.91	22.89	19.54	24.05	0.00	0.00	0.00	25.48
Enterprise Value to Free Cash Flow (EV/FCFF)	12.00	48.69	18.43	0.00	22.33	38.44	24.60	1.92	105.47	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.76	0.82	0.81	0.76	0.65	0.69	2.46	1.90	1.81	1.79
Long-Term Debt to Equity	0.76	0.82	0.80	0.76	0.65	0.68	2.45	1.90	1.77	1.77
Financial Leverage	0.61	0.70	0.66	0.58	0.57	0.61	0.43	0.98	1.65	0.95
Leverage Ratio	2.08	2.10	2.07	2.00	1.94	3.12	3.90	3.53	3.49	2.69
Compound Leverage Factor	1.74	1.52	1.74	1.64	1.09	1.90	-0.80	-12.02	-5.75	40.10
Debt to Total Capital	43.20%	45.19%	44.65%	43.26%	39.53%	40.67%	71.14%	65.57%	64.45%	64.17%
Short-Term Debt to Total Capital	0.25%	0.27%	0.27%	0.29%	0.19%	0.21%	0.33%	0.12%	1.43%	0.67%
Long-Term Debt to Total Capital	42.95%	44.92%	44.38%	42.97%	39.34%	40.46%	70.80%	65.45%	63.02%	63.50%
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	0.36%	0.37%	0.39%	0.46%	-0.04%	-0.04%	0.95%	1.41%	1.89%	10.01%
Common Equity to Total Capital	56.44%	54.44%	54.95%	56.28%	60.51%	59.38%	27.91%	33.02%	33.66%	25.82%
Debt to EBITDA	3.64	5.60	3.91	4.06	4.95	3.94	12.97	23.43	17.69	22.19
Net Debt to EBITDA	2.92	4.76	3.36	3.36	4.00	3.45	12.41	22.32	16.26	20.36
Long-Term Debt to EBITDA	3.62	5.57	3.89	4.03	4.93	3.92	12.91	23.39	17.30	21.96
Debt to NOPAT	6.28	12.38	8.51	7.87	6.88	10.81	30.91	38.87	83.72	104.32
Net Debt to NOPAT	5.04	10.53	7.32	6.51	5.55	9.46	29.56	37.03	76.96	95.69
Long-Term Debt to NOPAT	6.25	12.30	8.46	7.82	6.84	10.75	30.76	38.80	81.86	103.22
Altman Z-Score	2.16	1.71	1.60	1.80	1.40	1.05	0.53	0.45	0.48	0.52
Noncontrolling Interest Sharing Ratio	0.66%	0.69%	0.76%	0.38%	-0.07%	1.60%	3.75%	4.71%	16.68%	16.60%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.34	3.24	3.45	2.93	3.15	2.84	2.17	2.14	1.91	2.11
Quick Ratio	2.10	2.03	2.09	1.98	2.21	1.89	0.54	0.60	1.36	1.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	637	147	321	-290	241	107	327	4,161	72	-4,704
Operating Cash Flow to CapEx	531.58%	654.58%	692.33%	696.54%	1,018.45%	680.88%	-3.31%	-246.76%	-163.79%	1,452.04%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.47	0.51	0.50	0.42	0.27	0.20	0.19	0.17	0.35
Accounts Receivable Turnover	5.45	5.09	5.38	5.36	4.83	4.92	5.01	2.58	1.70	3.77
Inventory Turnover	5.21	4.80	5.65	6.03	5.30	5.40	6.00	3.53	2.20	4.49
Fixed Asset Turnover	8.57	8.13	9.18	9.26	7.34	6.91	7.08	5.02	3.72	7.59
Accounts Payable Turnover	10.85	10.37	11.80	12.30	11.10	10.60	10.59	4.30	2.38	5.57
Days Sales Outstanding (DSO)	66.96	71.77	67.86	68.11	75.54	74.19	72.80	141.31	214.22	96.93
Days Inventory Outstanding (DIO)	70.00	76.06	64.59	60.56	68.83	67.54	60.84	103.32	165.63	81.27
Days Payable Outstanding (DPO)	33.63	35.19	30.93	29.68	32.89	34.44	34.46	84.81	153.29	65.57
Cash Conversion Cycle (CCC)	103.32	112.64	101.52	98.99	111.49	107.29	99.18	159.82	226.56	112.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,641	3,988	3,979	4,078	3,546	3,567	3,533	3,686	7,706	7,715
Invested Capital Turnover	0.64	0.59	0.63	0.63	0.52	0.52	0.54	0.33	0.23	0.48
Increase / (Decrease) in Invested Capital	-346	8.70	-99	532	-21	34	-153	-4,021	-9.10	4,754
Enterprise Value (EV)	7,638	7,178	5,926	7,381	5,393	4,110	8,038	8,006	7,560	8,176
Market Capitalization	6,158	5,519	4,279	5,784	4,171	2,780	2,824	2,700	2,590	2,565
Book Value per Share	$9.84	$9.64	$9.64	$10.02	$9.38	$8.84	$7.32	$9.55	$9.83	$9.98
Tangible Book Value per Share	($1.99)	($3.67)	($3.66)	($4.05)	($3.19)	($3.60)	($3.81)	($2.33)	($16.79)	($24.81)
Total Capital	4,222	4,277	4,244	4,408	3,834	3,740	7,557	8,307	8,129	8,148
Total Debt	1,824	1,933	1,895	1,907	1,516	1,521	5,376	5,447	5,239	5,228
Total Long-Term Debt	1,814	1,921	1,884	1,894	1,508	1,513	5,351	5,437	5,123	5,174
Net Debt	1,465	1,643	1,630	1,577	1,224	1,331	5,142	5,189	4,816	4,796
Capital Expenditures (CapEx)	68	51	43	46	27	25	24	14	23	22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	541	550	590	482	391	357	1,131	1,001	682	798
Debt-free Net Working Capital (DFNWC)	901	840	856	812	683	547	1,365	1,259	1,105	1,230
Net Working Capital (NWC)	890	828	844	799	676	540	1,340	1,249	989	1,175
Net Nonoperating Expense (NNE)	46	38	35	39	145	48	494	436	139	355
Net Nonoperating Obligations (NNO)	1,243	1,643	1,630	1,577	1,227	1,347	1,352	826	4,816	4,796
Total Depreciation and Amortization (D&A)	158	167	161	164	161	155	157	156	156	251
Debt-free, Cash-free Net Working Capital to Revenue	22.03%	23.59%	23.15%	20.08%	21.10%	19.46%	57.70%	53.26%	38.53%	31.38%
Debt-free Net Working Capital to Revenue	36.66%	35.98%	33.57%	33.84%	36.85%	29.82%	69.61%	67.02%	62.40%	48.38%
Net Working Capital to Revenue	36.24%	35.49%	33.12%	33.31%	36.45%	29.39%	68.32%	66.48%	55.84%	46.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.01	$0.49	$0.76	$0.82	$0.30	$0.36	($1.13)	($1.04)	($0.17)	($1.52)
Adjusted Weighted Average Basic Shares Outstanding	242.10M	241.40M	245.10M	247.40M	248.80M	257.60M	288.20M	286.10M	243.30M	203.20M
Adjusted Diluted Earnings per Share	$1.01	$0.49	$0.76	$0.82	$0.30	$0.35	($1.13)	($1.04)	($0.65)	($1.52)
Adjusted Weighted Average Diluted Shares Outstanding	242.60M	241.80M	245.80M	247.90M	249.90M	260.10M	288.20M	286.10M	272.30M	203.20M
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	242.45M	241.99M	241.36M	248.16M	247.10M	504.88M	252.40M	288.03M	284.25M	229.51M
Normalized Net Operating Profit after Tax (NOPAT)	290	228	223	242	220	141	174	140	95	50
Normalized NOPAT Margin	11.82%	9.77%	8.73%	10.10%	11.89%	7.67%	8.87%	7.46%	5.38%	1.97%
Pre Tax Income Margin	11.71%	5.53%	10.67%	10.49%	4.38%	7.67%	-2.71%	-13.86%	-13.10%	-9.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.98%	65.48%	41.70%	30.39%	16.38%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	31.98%	65.48%	122.02%	40.01%	89.96%	545.86%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Element Solutions' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.25%	8.86%	7.63%	4.54%	0.10%	-0.07%	-3.10%	-13.41%	-15.55%	-11.30%	0.37%
EBITDA Growth	35.25%	28.94%	215.94%	27.20%	11.74%	3.03%	-66.04%	-28.45%	-16.20%	-6.79%	12.35%
EBIT Growth	56.00%	61.72%	3,048.39%	47.50%	16.48%	0.00%	-103.78%	-40.42%	-20.88%	-4.95%	22.54%
NOPAT Growth	4.49%	-46.63%	7,991.27%	304.82%	31.51%	468.77%	-101.04%	-55.35%	-32.39%	107.88%	30.83%
Net Income Growth	75.00%	-29.02%	227.44%	214.14%	30.23%	498.45%	-159.47%	-54.59%	-23.76%	193.18%	48.47%
EPS Growth	73.91%	-31.25%	230.77%	225.00%	27.78%	540.00%	-159.09%	-53.85%	-21.74%	400.00%	46.67%
Operating Cash Flow Growth	-55.33%	24.84%	12.70%	-18.62%	8.79%	10.55%	-31.02%	10.12%	1,055.36%	-14.97%	38.77%
Free Cash Flow Firm Growth	497.20%	283.19%	1,681.00%	249.63%	-75.14%	-10.59%	-94.61%	114.55%	145.10%	122.79%	140.68%
Invested Capital Growth	-8.13%	-8.69%	-4.54%	-1.73%	-0.06%	0.22%	-0.34%	-0.60%	-5.11%	-2.42%	-4.29%
Revenue Q/Q Growth	-4.89%	-3.22%	5.27%	6.56%	0.28%	-4.32%	2.25%	2.04%	0.10%	-7.23%	-8.63%
EBITDA Q/Q Growth	41.18%	-9.40%	1.71%	3.96%	34.60%	121.98%	-59.05%	-8.67%	24.10%	-26.83%	-13.73%
EBIT Q/Q Growth	61.21%	-11.71%	3.28%	6.12%	67.13%	1,709.68%	-105.17%	-16.20%	43.49%	-39.22%	-18.47%
NOPAT Q/Q Growth	6.60%	23.59%	-58.18%	89.65%	-45.55%	18,375.08%	-102.15%	-38.39%	135.47%	-66.53%	-8.06%
Net Income Q/Q Growth	78.83%	35.64%	-56.70%	66.61%	-27.46%	343.53%	-206.73%	-30.93%	233.33%	-75.80%	-18.50%
EPS Q/Q Growth	81.82%	29.41%	-56.41%	69.57%	-28.13%	346.15%	-208.33%	-33.33%	260.00%	-77.27%	-15.38%
Operating Cash Flow Q/Q Growth	-81.25%	40.81%	44.43%	17.18%	-47.61%	27.12%	4.30%	56.64%	-46.77%	-20.68%	66.49%
Free Cash Flow Firm Q/Q Growth	-4.55%	77.93%	21.03%	190.53%	-38.75%	726.99%	-76.24%	-79.35%	120.31%	-50.10%	164.08%
Invested Capital Q/Q Growth	0.51%	-3.58%	-5.77%	0.61%	-0.10%	0.80%	-3.00%	2.32%	0.18%	0.24%	-3.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.19%	41.01%	41.47%	43.61%	42.61%	38.42%	40.36%	38.99%	39.66%	37.99%	35.88%
EBITDA Margin	28.18%	18.98%	20.28%	20.99%	21.51%	16.03%	6.91%	17.25%	19.27%	15.55%	19.71%
Operating Margin	13.04%	12.00%	14.73%	15.70%	13.53%	9.68%	-0.15%	8.97%	11.56%	10.47%	12.81%
EBIT Margin	21.91%	12.93%	14.17%	14.44%	14.50%	8.70%	-0.52%	10.24%	12.47%	8.70%	13.27%
Profit (Net Income) Margin	16.51%	8.78%	6.26%	15.23%	9.74%	13.46%	-5.29%	5.07%	7.49%	2.25%	8.62%
Tax Burden Percent	84.63%	82.04%	52.33%	125.74%	80.58%	205.32%	193.29%	61.88%	71.79%	33.68%	76.36%
Interest Burden Percent	89.01%	82.78%	84.46%	83.84%	83.33%	75.35%	529.03%	80.00%	83.66%	76.75%	85.02%
Effective Tax Rate	15.37%	17.96%	47.67%	-23.58%	19.42%	-107.45%	0.00%	44.17%	28.21%	66.32%	23.64%
Return on Invested Capital (ROIC)	7.15%	6.34%	4.80%	11.33%	6.39%	11.76%	-0.06%	2.88%	4.95%	2.23%	6.32%
ROIC Less NNEP Spread (ROIC-NNEP)	9.49%	5.88%	4.18%	9.81%	5.97%	9.44%	-1.90%	2.90%	4.67%	1.77%	5.88%
Return on Net Nonoperating Assets (RNNOA)	5.39%	3.58%	2.70%	7.04%	4.13%	6.59%	-1.41%	2.11%	3.16%	1.17%	4.02%
Return on Equity (ROE)	12.54%	9.92%	7.49%	18.37%	10.52%	18.35%	-1.47%	4.99%	8.11%	3.41%	10.34%
Cash Return on Invested Capital (CROIC)	16.14%	16.69%	13.28%	8.40%	4.38%	3.70%	2.11%	4.58%	10.14%	7.98%	9.69%
Operating Return on Assets (OROA)	11.18%	6.45%	6.77%	6.79%	6.88%	4.11%	-0.25%	4.78%	6.06%	4.42%	6.93%
Return on Assets (ROA)	8.42%	4.38%	2.99%	7.16%	4.62%	6.36%	-2.51%	2.37%	3.64%	1.14%	4.50%
Return on Common Equity (ROCE)	12.46%	9.85%	7.44%	18.24%	10.45%	18.22%	-1.46%	4.96%	8.05%	3.38%	10.23%
Return on Equity Simple (ROE_SIMPLE)	11.37%	0.00%	10.94%	8.21%	5.65%	0.00%	2.42%	6.03%	7.42%	0.00%	7.84%
Net Operating Profit after Tax (NOPAT)	66	61	50	119	63	115	-0.63	29	48	20	60
NOPAT Margin	11.03%	9.84%	7.71%	19.40%	10.90%	20.08%	-0.11%	5.01%	8.30%	3.53%	9.78%
Net Nonoperating Expense Percent (NNEP)	-2.35%	0.46%	0.61%	1.52%	0.41%	2.32%	1.84%	-0.02%	0.28%	0.46%	0.44%
Return On Investment Capital (ROIC_SIMPLE)	1.58%	1.46%	-	-	-	2.69%	-	-	-	0.48%	-
Cost of Revenue to Revenue	57.81%	58.99%	58.53%	56.39%	57.39%	61.58%	59.64%	61.01%	60.34%	62.01%	64.12%
SG&A Expenses to Revenue	26.48%	26.71%	24.43%	25.36%	25.93%	26.33%	25.01%	25.08%	25.92%	25.67%	21.24%
R&D to Revenue	2.68%	2.31%	2.31%	2.55%	3.15%	2.41%	2.15%	4.93%	2.18%	1.85%	1.83%
Operating Expenses to Revenue	29.16%	29.01%	26.74%	27.91%	29.08%	28.74%	40.51%	30.01%	28.10%	27.52%	23.07%
Earnings before Interest and Taxes (EBIT)	130	81	91	89	83	50	-3.10	60	72	50	82
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	167	119	131	129	124	92	41	101	111	89	122
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.18	2.58	2.70	2.77	2.59	2.37	2.09	1.98	1.94	1.83	1.70
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.21	2.51	2.73	2.78	2.58	2.37	2.00	1.94	1.87	1.68	1.48
Price to Earnings (P/E)	19.15	25.22	24.67	33.75	45.83	46.73	86.99	32.94	26.29	22.86	21.78
Dividend Yield	1.42%	1.26%	1.18%	1.18%	1.29%	1.40%	1.65%	1.69%	1.69%	1.81%	2.02%
Earnings Yield	5.22%	3.97%	4.05%	2.96%	2.18%	2.14%	1.15%	3.04%	3.80%	4.37%	4.59%
Enterprise Value to Invested Capital (EV/IC)	1.81	2.10	2.16	2.05	1.93	1.80	1.62	1.56	1.56	1.49	1.40
Enterprise Value to Revenue (EV/Rev)	2.67	3.11	3.38	3.47	3.29	3.08	2.74	2.70	2.54	2.32	2.12
Enterprise Value to EBITDA (EV/EBITDA)	12.15	15.23	17.14	21.26	21.43	20.80	18.68	15.00	13.40	12.23	11.34
Enterprise Value to EBIT (EV/EBIT)	16.95	22.20	26.00	37.49	40.34	40.23	35.86	24.06	20.39	18.33	17.09
Enterprise Value to NOPAT (EV/NOPAT)	22.60	26.31	24.37	30.49	44.56	45.98	91.37	39.00	30.97	26.61	25.87
Enterprise Value to Operating Cash Flow (EV/OCF)	19.98	21.01	24.23	25.24	22.53	21.38	19.67	17.40	17.39	19.91	17.65
Enterprise Value to Free Cash Flow (EV/FCFF)	10.74	12.00	15.86	24.16	43.92	48.69	76.60	33.84	14.95	18.43	14.16
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.64	0.76	0.78	0.81	0.83	0.82	0.91	0.88	0.80	0.81	0.82
Long-Term Debt to Equity	0.64	0.76	0.78	0.80	0.82	0.82	0.90	0.87	0.79	0.80	0.82
Financial Leverage	0.57	0.61	0.64	0.72	0.69	0.70	0.74	0.73	0.68	0.66	0.68
Leverage Ratio	1.99	2.08	2.14	2.13	2.09	2.10	2.16	2.13	2.06	2.07	2.09
Compound Leverage Factor	1.77	1.72	1.81	1.79	1.74	1.59	11.44	1.70	1.72	1.59	1.77
Debt to Total Capital	39.04%	43.20%	43.97%	44.67%	45.21%	45.19%	47.59%	46.80%	44.40%	44.65%	45.17%
Short-Term Debt to Total Capital	0.00%	0.25%	0.26%	0.27%	0.27%	0.27%	0.27%	0.26%	0.27%	0.27%	0.28%
Long-Term Debt to Total Capital	39.04%	42.95%	43.71%	44.40%	44.94%	44.92%	47.32%	46.54%	44.13%	44.38%	44.89%
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	0.37%	0.36%	0.35%	0.36%	0.37%	0.37%	0.37%	0.37%	0.39%	0.39%	0.39%
Common Equity to Total Capital	60.59%	56.44%	55.68%	54.97%	54.42%	54.44%	52.04%	52.83%	55.21%	54.95%	54.43%
Debt to EBITDA	2.98	3.64	4.06	5.00	5.39	5.60	5.96	4.83	4.09	3.91	3.87
Net Debt to EBITDA	2.06	2.92	3.26	4.20	4.59	4.76	4.99	4.16	3.49	3.36	3.39
Long-Term Debt to EBITDA	2.98	3.62	4.03	4.97	5.36	5.57	5.92	4.80	4.06	3.89	3.84
Debt to NOPAT	5.54	6.28	5.77	7.17	11.21	12.38	29.13	12.55	9.45	8.51	8.83
Net Debt to NOPAT	3.84	5.04	4.64	6.02	9.55	10.53	24.42	10.81	8.06	7.32	7.74
Long-Term Debt to NOPAT	5.54	6.25	5.73	7.13	11.14	12.30	28.96	12.48	9.40	8.46	8.77
Altman Z-Score	2.04	1.98	1.96	1.97	1.83	1.63	1.37	1.38	1.49	1.42	1.36
Noncontrolling Interest Sharing Ratio	0.63%	0.66%	0.67%	0.68%	0.68%	0.69%	0.72%	0.70%	0.72%	0.76%	1.08%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.95	3.34	3.52	3.50	3.63	3.24	3.45	3.32	3.60	3.45	3.33
Quick Ratio	2.77	2.10	2.22	2.12	2.19	2.03	2.07	1.94	2.16	2.09	1.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	389	408	229	189	65	106	13	54	262	119	239
Operating Cash Flow to CapEx	238.53%	621.97%	781.75%	470.34%	306.32%	677.44%	699.20%	607.25%	622.09%	738.97%	1,141.44%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.50	0.48	0.47	0.47	0.47	0.47	0.47	0.49	0.51	0.52
Accounts Receivable Turnover	5.42	5.45	5.21	5.06	5.07	5.09	5.09	4.81	4.88	5.38	5.38
Inventory Turnover	4.87	5.21	4.62	4.15	4.36	4.80	4.48	4.34	4.73	5.65	5.27
Fixed Asset Turnover	8.55	8.57	8.70	8.14	8.14	8.13	8.60	8.58	8.84	9.18	9.82
Accounts Payable Turnover	10.32	10.85	10.38	9.55	9.84	10.37	9.38	9.11	9.23	11.80	10.21
Days Sales Outstanding (DSO)	67.36	66.96	70.11	72.13	71.97	71.77	71.72	75.96	74.84	67.86	67.83
Days Inventory Outstanding (DIO)	74.94	70.00	78.98	87.98	83.69	76.06	81.46	84.01	77.18	64.59	69.23
Days Payable Outstanding (DPO)	35.38	33.63	35.16	38.22	37.08	35.19	38.91	40.06	39.55	30.93	35.75
Cash Conversion Cycle (CCC)	106.91	103.32	113.93	121.89	118.57	112.64	114.28	119.91	112.48	101.52	101.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,660	3,641	3,776	4,008	3,983	3,988	3,956	4,078	3,986	3,979	3,969
Invested Capital Turnover	0.65	0.64	0.62	0.58	0.59	0.59	0.59	0.58	0.60	0.63	0.65
Increase / (Decrease) in Invested Capital	-324	-346	-180	-71	-2.50	8.70	-14	-25	-215	-99	-178
Enterprise Value (EV)	6,622	7,638	8,142	8,199	7,673	7,178	6,397	6,343	6,205	5,926	5,567
Market Capitalization	5,482	6,158	6,577	6,565	6,013	5,519	4,672	4,569	4,574	4,279	3,885
Book Value per Share	$10.39	$9.84	$10.07	$9.80	$9.61	$9.64	$9.24	$9.54	$9.76	$9.64	$9.33
Tangible Book Value per Share	($1.47)	($1.99)	($2.33)	($2.97)	($3.39)	($3.67)	($3.90)	($4.24)	($3.53)	($3.66)	($3.43)
Total Capital	4,159	4,222	4,381	4,317	4,270	4,277	4,286	4,361	4,265	4,244	4,203
Total Debt	1,624	1,824	1,926	1,928	1,930	1,933	2,039	2,041	1,894	1,895	1,899
Total Long-Term Debt	1,624	1,814	1,915	1,917	1,919	1,921	2,028	2,029	1,882	1,884	1,887
Net Debt	1,125	1,465	1,550	1,619	1,644	1,643	1,710	1,759	1,615	1,630	1,665
Capital Expenditures (CapEx)	11	22	13	15	19	16	13	14	8.60	14	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	517	541	603	632	620	550	605	608	624	590	603
Debt-free Net Working Capital (DFNWC)	1,016	901	979	941	906	840	934	890	903	856	837
Net Working Capital (NWC)	1,016	890	967	930	895	828	923	878	892	844	825
Net Nonoperating Expense (NNE)	-32	6.64	9.32	26	6.69	38	31	-0.33	4.67	7.34	7.18
Net Nonoperating Obligations (NNO)	1,125	1,243	1,322	1,619	1,644	1,643	1,710	1,759	1,615	1,630	1,665
Total Depreciation and Amortization (D&A)	37	38	39	40	40	42	45	41	39	39	40
Debt-free, Cash-free Net Working Capital to Revenue	20.87%	22.03%	25.05%	26.78%	26.57%	23.59%	25.91%	25.82%	25.54%	23.15%	22.97%
Debt-free Net Working Capital to Revenue	41.04%	36.66%	40.68%	39.88%	38.84%	35.98%	40.04%	37.82%	36.96%	33.57%	31.90%
Net Working Capital to Revenue	41.04%	36.24%	40.20%	39.39%	38.35%	35.49%	39.54%	37.33%	36.49%	33.12%	31.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.40	$0.22	$0.17	$0.39	$0.23	$0.32	($0.13)	$0.12	$0.18	$0.05	$0.22
Adjusted Weighted Average Basic Shares Outstanding	242.40M	242.10M	242.10M	242.10M	241.80M	241.40M	241.50M	241.40M	241.10M	245.10M	244.70M
Adjusted Diluted Earnings per Share	$0.40	$0.22	$0.17	$0.39	$0.23	$0.32	($0.13)	$0.12	$0.18	$0.05	$0.22
Adjusted Weighted Average Diluted Shares Outstanding	243M	242.60M	242.60M	242.50M	242.50M	241.80M	241.50M	241.70M	241.80M	245.80M	245M
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	242.50M	242.45M	242.16M	242.14M	242.06M	241.99M	241.52M	241.49M	241.42M	241.36M	242.09M
Normalized Net Operating Profit after Tax (NOPAT)	66	61	50	67	63	39	55	29	48	42	60
Normalized NOPAT Margin	11.03%	9.84%	7.71%	10.99%	10.90%	6.78%	9.24%	5.01%	8.30%	7.33%	9.78%
Pre Tax Income Margin	19.50%	10.70%	11.97%	12.11%	12.09%	6.56%	-2.74%	8.19%	10.43%	6.67%	11.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.23%	31.98%	29.26%	40.09%	59.45%	65.48%	143.41%	55.80%	44.62%	41.70%	44.01%
Augmented Payout Ratio	27.23%	31.98%	29.26%	40.09%	59.45%	65.48%	143.41%	55.80%	44.62%	122.02%	117.21%

Frequently Asked Questions About Element Solutions' Financials

When does Element Solutions's financial year end?

According to the most recent income statement we have on file, Element Solutions' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Element Solutions' net income changed over the last 9 years?

Element Solutions' net income appears to be on a downward trend, with a most recent value of $244.50 million in 2024, falling from -$304.40 million in 2015. The previous period was $118.20 million in 2023. See where experts think Element Solutions is headed by visiting Element Solutions' forecast page.

What is Element Solutions's operating income?

Element Solutions's total operating income in 2024 was $343.90 million, based on the following breakdown:

Total Gross Profit: $1.04 billion
Total Operating Expenses: $691.80 million

How has Element Solutions revenue changed over the last 9 years?

Over the last 9 years, Element Solutions' total revenue changed from $2.54 billion in 2015 to $2.46 billion in 2024, a change of -3.4%.

How much debt does Element Solutions have?

Element Solutions' total liabilities were at $2.48 billion at the end of 2024, a 5.9% decrease from 2023, and a 66.0% decrease since 2015.

How much cash does Element Solutions have?

In the past 9 years, Element Solutions' cash and equivalents has ranged from $190.10 million in 2019 to $432.20 million in 2015, and is currently $359.40 million as of their latest financial filing in 2024.

How has Element Solutions' book value per share changed over the last 9 years?

Over the last 9 years, Element Solutions' book value per share changed from 9.98 in 2015 to 9.84 in 2024, a change of -1.4%.

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This page (NYSE:ESI) was last updated on 5/21/2025 by MarketBeat.com Staff

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Element Solutions (ESI) Financials

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Element Solutions (ESI) Financials

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