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Element Solutions (ESI) Financials

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$44.00 -0.23 (-0.51%)
As of 01:12 PM Eastern
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Annual Income Statements for Element Solutions

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -309 -41 -296 -324 92 76 203 187 118 244 191
Consolidated Net Income / (Loss)		 -304 -77 -296 -320 93 76 204 188 118 245 191
Net Income / (Loss) Continuing Operations		 -304 -191 -192 -77 80 77 203 186 116 243 191
Total Pre-Tax Income 		-229 -232 -260 -53 141 81 252 272 129 288 266
Total Operating Income		 72 89 200 249 249 233 300 325 174 344 342
Total Gross Profit		 992 777 814 838 788 786 961 953 919 1,036 1,071
Total Revenue		 2,542 1,770 1,879 1,961 1,836 1,854 2,400 2,549 2,333 2,457 2,551
Operating Revenue		 2,542 1,770 1,879 1,961 1,836 1,854 2,400 2,549 2,333 2,457 2,551
Total Cost of Revenue		 1,550 993 1,065 1,123 1,048 1,068 1,439 1,597 1,415 1,421 1,481
Operating Cost of Revenue		 1,550 993 1,065 1,123 1,048 1,068 1,439 1,597 1,415 1,421 1,481
Total Operating Expenses		 920 688 614 589 539 553 661 627 745 692 728
Selling, General & Admin Expense		 858 596 567 545 497 505 611 579 597 629 661
Research & Development Expense		 63 45 46 44 42 49 50 49 68 63 68
Impairment Charge		 0.00 47 - - - - 0.00 0.00 80 0.00 0.00
Total Other Income / (Expense), net		 -301 -321 -461 -302 -108 -152 -48 -53 -45 -56 -77
Interest & Investment Income		 -214 -372 -337 -311 -91 -63 -54 -51 -49 -56 -53
Other Income / (Expense), net		 -87 51 -124 9.30 -18 -88 6.00 -2.10 4.80 0.10 -23
Income Tax Expense		 75 -41 -69 24 61 4.30 48 86 13 45 75
Net Income / (Loss) Discontinued Operations		 - 114 -104 -243 13 -1.10 0.30 1.80 2.10 1.60 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 4.20 -3.00 0.60 4.50 0.70 0.00 0.40 0.80 0.10 0.30 0.20
Basic Earnings per Share		 ($1.52) ($0.17) ($1.04) ($1.13) $0.36 $0.30 $0.82 $0.76 $0.49 $1.01 $0.79
Weighted Average Basic Shares Outstanding		 203.20M 243.30M 286.10M 288.20M 257.60M 248.80M 247.40M 245.10M 241.40M 242.10M 242M
Diluted Earnings per Share		 ($1.52) ($0.65) ($1.04) ($1.13) $0.35 $0.30 $0.82 $0.76 $0.49 $1.01 $0.79
Weighted Average Diluted Shares Outstanding		 203.20M 272.30M 286.10M 288.20M 260.10M 249.90M 247.90M 245.80M 241.80M 242.60M 242.40M
Weighted Average Basic & Diluted Shares Outstanding		 203M 240M 284.80M 287.10M 504.88M 247.10M 248.16M 241.36M 241.99M 242.45M 243.58M
Cash Dividends to Common per Share		 $0.00 $0.00 $0.00 $0.00 - $0.05 $0.25 $0.32 $0.32 $0.32 $0.32

Quarterly Income Statements for Element Solutions

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -32 77 56 93 40 55 98 47 39 6.10 56
Consolidated Net Income / (Loss)		 -32 77 56 93 40 55 98 48 39 6.20 56
Net Income / (Loss) Continuing Operations		 -32 78 56 92 40 55 98 48 39 6.20 56
Total Pre-Tax Income 		-16 38 70 74 77 67 116 63 56 31 83
Total Operating Income		 -0.90 56 78 96 95 75 77 94 101 70 111
Total Gross Profit		 242 220 245 267 268 256 251 266 277 277 323
Total Revenue		 599 573 575 613 645 624 594 625 656 676 840
Operating Revenue		 599 573 575 613 645 624 594 625 656 676 840
Total Cost of Revenue		 357 353 330 346 378 368 343 359 379 400 517
Operating Cost of Revenue		 357 353 330 346 378 368 343 359 379 400 517
Total Operating Expenses		 243 165 167 171 173 181 173 172 176 207 211
Selling, General & Admin Expense		 150 151 149 155 158 167 157 156 158 190 191
Research & Development Expense		 13 14 18 16 15 14 16 16 18 17 20
Total Other Income / (Expense), net		 -16 -18 -8.30 -22 -18 -8.10 38 -31 -45 -39 -29
Interest & Investment Income		 -13 -12 -14 -14 -14 -14 -14 -13 -13 -13 -22
Other Income / (Expense), net		 -2.20 -5.60 5.60 -7.70 -3.60 5.80 53 -18 -32 -26 -7.20
Income Tax Expense		 15 -40 14 -18 37 12 18 16 16 25 27
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.10 0.10 - 0.10 0.10 0.10 0.00 0.10 0.00 - 0.10
Basic Earnings per Share		 ($0.13) $0.32 $0.23 $0.39 $0.17 $0.22 $0.40 $0.20 $0.16 $0.03 $0.23
Weighted Average Basic Shares Outstanding		 241.50M 241.40M 241.80M 242.10M 242.10M 242.10M 242.40M 241.90M 241.60M 242M 243.20M
Diluted Earnings per Share		 ($0.13) $0.32 $0.23 $0.39 $0.17 $0.22 $0.40 $0.20 $0.16 $0.03 $0.23
Weighted Average Diluted Shares Outstanding		 241.50M 241.80M 242.50M 242.50M 242.60M 242.60M 243M 242.20M 242M 242.40M 243.70M
Weighted Average Basic & Diluted Shares Outstanding		 241.52M 241.99M 242.06M 242.14M 242.16M 242.45M 242.50M 241.62M 242.00M 243.58M 243.61M
Cash Dividends to Common per Share		 $0.08 - $0.08 $0.08 $0.08 - $0.08 $0.08 $0.08 - $0.08

Annual Cash Flow Statements for Element Solutions

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 35 8.40 27 -41 -225 102 38 -65 24 70 267
Net Cash From Operating Activities		 321 -38 -34 -0.80 171 276 323 298 336 364 290
Net Cash From Continuing Operating Activities		 321 -38 -34 -0.80 171 276 326 296 334 362 290
Net Income / (Loss) Continuing Operations		 -304 -191 -192 -77 80 77 203 186 116 243 191
Consolidated Net Income / (Loss)		 -304 -77 -296 -320 93 76 204 188 118 245 191
Net Income / (Loss) Discontinued Operations		 - 114 -104 -243 13 -1.10 0.30 1.80 2.10 1.60 0.00
Depreciation Expense		 251 156 156 157 155 161 164 161 167 158 151
Non-Cash Adjustments To Reconcile Net Income		 210 57 121 3.80 12 97 51 33 121 13 39
Changes in Operating Assets and Liabilities, net		 164 -60 -119 -84 -76 -59 -93 -84 -70 -52 -91
Net Cash From Discontinued Operating Activities		 - - - - - - -3.50 1.80 2.20 1.60 0.00
Net Cash From Investing Activities		 -4,257 -26 -19 -24 4,200 -40 -569 -75 -250 -74 286
Net Cash From Continuing Investing Activities		 -4,257 -26 -19 -24 4,200 -40 -569 -75 -250 -74 286
Purchase of Property, Plant & Equipment		 -48 -33 -31 -28 -30 -29 -46 -48 -53 -68 -62
Sale of Property, Plant & Equipment		 26 9.40 17 4.20 4.60 1.70 0.00 4.80 1.40 0.00 1.50
Divestitures		 - 0.00 0.00 25 4,282 - - - 0.00 0.00 321
Other Investing Activities, net		 366 -1.70 -5.00 3.60 6.90 -3.80 14 -9.60 16 -1.50 26
Net Cash From Financing Activities		 4,001 -131 -1.70 -1.40 -4,439 -124 290 -276 -59 -207 -320
Net Cash From Continuing Financing Activities		 4,001 -131 -1.70 -1.40 -4,439 -124 290 -276 -59 -207 -320
Repayment of Debt		 -386 -3,363 -4,145 -26 -5,425 -856 -27 -46 -1,278 -1,169 -218
Repurchase of Common Equity		 - - 0.00 0.00 -507 -56 -20 -151 0.00 0.00 -25
Payment of Dividends		 - - - 0.00 0.00 -12 -62 -78 -77 -78 -78
Issuance of Debt		 3,922 3,301 4,143 25 1,493 800 398 0.00 1,297 1,040 0.00
Other Net Changes in Cash		 - 203 82 -15 -157 -11 -5.40 - - - 12
Cash Interest Paid		 148 349 316 293 125 52 51 47 56 65 69
Cash Income Taxes Paid		 73 63 74 79 71 81 74 67 74 87 198

Quarterly Cash Flow Statements for Element Solutions

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 47 -40 -3.00 23 67 -17 140 31 64 32 -449
Net Cash From Operating Activities		 87 111 58 68 99 139 26 73 100 91 -67
Net Cash From Continuing Operating Activities		 87 112 58 67 99 139 26 73 100 91 -67
Net Income / (Loss) Continuing Operations		 -32 78 56 92 40 55 98 48 39 6.20 56
Consolidated Net Income / (Loss)		 -32 77 56 93 40 55 98 48 39 6.20 56
Depreciation Expense		 45 42 40 40 39 38 37 38 39 37 43
Non-Cash Adjustments To Reconcile Net Income		 91 15 0.00 0.20 5.00 -31 -57 27 25 44 13
Changes in Operating Assets and Liabilities, net		 -16 -23 -38 -65 14 77 -52 -40 -2.40 3.50 -178
Net Cash From Investing Activities		 -13 -24 -23 -21 -13 -17 338 -15 -18 -19 -889
Net Cash From Continuing Investing Activities		 -13 -24 -23 -21 -13 -17 338 -15 -18 -19 -889
Purchase of Property, Plant & Equipment		 -13 -16 -19 -15 -13 -22 -11 -18 -17 -17 -25
Acquisitions		 -0.30 -26 -3.90 - - - 0.00 - - - -864
Sale of Property, Plant & Equipment		 0.90 - 0.00 - - - 0.10 0.60 0.10 0.70 0.00
Divestitures		 - - 0.00 - - - 323 2.60 -1.70 -2.60 0.00
Other Investing Activities, net		 0.30 19 0.00 -6.40 - 4.90 26 - -0.10 0.10 0.00
Net Cash From Financing Activities		 -23 -133 -33 -21 -28 -124 -227 -39 -15 -39 508
Net Cash From Continuing Financing Activities		 -23 -133 -33 -21 -28 -124 -227 -39 -15 -39 508
Repayment of Debt		 -3.30 -1,261 -13 -2.00 -8.80 -1,145 -208 - 4.20 -14 79
Payment of Dividends		 -19 -19 -20 -19 -19 -19 -20 -19 -19 -19 -20
Issuance of Debt		 - 1,147 - - - 1,040 0.00 - - - 449
Effect of Exchange Rate Changes		 -5.00 5.90 -5.60 -2.90 9.00 -14 - 11 -2.40 - -1.10

Annual Balance Sheets for Element Solutions

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 10,190 10,054 10,252 9,402 4,324 4,483 5,138 4,904 4,974 4,874 5,101
Total Current Assets		 2,238 2,071 2,341 2,482 833 990 1,215 1,189 1,198 1,270 1,583
Cash & Equivalents		 432 423 258 234 190 292 330 266 289 359 627
Accounts Receivable		 1,023 1,055 400 382 364 403 492 456 462 440 518
Inventories, net		 485 416 186 188 200 203 274 291 299 246 295
Prepaid Expenses		 72 71 20 14 18 24 29 39 33 23 28
Other Current Assets		 101 106 44 43 50 68 88 138 115 137 115
Plant, Property, & Equipment, net		 492 461 287 267 265 240 278 277 297 277 320
Total Noncurrent Assets		 7,461 7,522 7,624 6,652 3,226 3,253 3,646 3,438 3,480 3,327 3,199
Goodwill		 4,022 4,179 2,253 2,183 2,180 2,253 2,526 2,413 2,337 2,132 2,242
Intangible Assets		 3,314 3,233 1,161 1,025 944 856 957 806 879 732 657
Noncurrent Deferred & Refundable Income Taxes		 - - - - - 77 82 52 121 133 176
Other Noncurrent Operating Assets		 125 110 42 33 96 64 81 168 143 141 125
Total Liabilities & Shareholders' Equity		 10,190 10,054 10,252 9,402 4,324 4,483 5,138 4,904 4,974 4,874 5,101
Total Liabilities		 7,271 7,164 7,392 7,220 2,105 2,165 2,638 2,555 2,630 2,476 2,412
Total Current Liabilities		 1,062 1,083 1,092 1,143 294 314 415 344 369 380 430
Short-Term Debt		 55 116 10 25 7.80 7.40 13 12 12 10 0.00
Accounts Payable		 450 384 111 101 97 96 138 132 141 121 166
Accrued Expenses		 414 583 206 190 155 204 264 201 217 229 264
Total Noncurrent Liabilities		 6,209 6,082 6,301 6,078 1,811 1,851 2,222 2,210 2,260 2,096 1,982
Long-Term Debt		 5,174 5,123 5,437 5,351 1,513 1,508 1,894 1,884 1,921 1,814 1,626
Noncurrent Deferred & Payable Income Tax Liabilities		 679 663 170 133 120 113 140 121 109 94 93
Noncurrent Employee Benefit Liabilities		 81 74 56 50 51 43 36 37 28 22 22
Other Noncurrent Operating Liabilities		 276 222 165 129 128 187 152 169 202 153 241
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,273 2,890 2,860 2,181 2,219 2,318 2,501 2,349 2,344 2,398 2,689
Total Preferred & Common Equity		 2,104 2,736 2,743 2,109 2,221 2,320 2,481 2,333 2,329 2,383 2,675
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 - - - - 0.00 0.00
Total Common Equity		 2,104 2,736 2,743 2,109 2,221 2,320 2,481 2,333 2,329 2,383 2,675
Common Stock		 3,523 3,984 4,035 4,065 4,117 4,126 4,169 4,189 4,200 4,217 4,282
Retained Earnings		 -533 -574 -870 -1,195 -1,537 -1,473 -1,332 -1,224 -1,183 -1,017 -905
Accumulated Other Comprehensive Income / (Loss)		 -886 -675 -422 -757 -281 -195 -197 -298 -346 -467 -309
Other Equity Adjustments		 - - - - - - - -334 - -350 -394
Noncontrolling Interest		 169 154 117 72 -1.60 -1.70 20 17 16 15 15

Quarterly Balance Sheets for Element Solutions

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 4,870 4,927 5,061 4,969 4,912 4,982 5,098 4,795 5,003 5,045 5,738
Total Current Assets		 1,179 1,234 1,257 1,300 1,236 1,302 1,351 1,361 1,454 1,526 1,458
Cash & Equivalents		 234 279 282 330 286 309 376 499 530 594 177
Accounts Receivable		 468 461 452 450 459 481 475 455 497 502 677
Inventories, net		 310 322 333 323 319 335 286 270 284 291 422
Prepaid Expenses		 35 40 34 31 25 29 28 28 32 29 30
Other Current Assets		 132 132 155 166 146 148 116 109 112 110 153
Plant, Property, & Equipment, net		 263 278 283 279 296 298 274 284 297 300 403
Total Noncurrent Assets		 3,428 3,415 3,522 3,390 3,381 3,383 3,473 3,150 3,252 3,219 3,876
Goodwill		 2,326 2,425 2,395 2,282 2,302 2,286 2,220 2,162 2,242 2,234 2,536
Intangible Assets		 804 781 933 890 840 807 782 714 706 676 1,029
Noncurrent Deferred & Refundable Income Taxes		 50 56 49 50 113 149 159 153 178 183 166
Other Noncurrent Operating Assets		 247 152 145 169 126 141 120 122 126 126 145
Total Liabilities & Shareholders' Equity		 4,870 4,927 5,061 4,969 4,912 4,982 5,098 4,795 5,003 5,045 5,738
Total Liabilities		 2,565 2,555 2,741 2,723 2,573 2,594 2,644 2,260 2,361 2,376 2,988
Total Current Liabilities		 354 343 378 377 341 372 384 345 355 377 544
Short-Term Debt		 12 12 12 12 12 12 12 0.00 0.00 0.00 98
Accounts Payable		 158 151 144 144 133 146 127 145 148 145 181
Accrued Expenses		 184 180 223 221 197 215 229 199 207 232 265
Total Noncurrent Liabilities		 2,211 2,213 2,363 2,346 2,232 2,222 2,260 1,915 2,006 2,000 2,444
Long-Term Debt		 1,887 1,882 2,029 2,028 1,919 1,917 1,915 1,624 1,625 1,625 2,059
Noncurrent Deferred & Payable Income Tax Liabilities		 123 120 115 104 103 104 106 97 102 97 110
Noncurrent Employee Benefit Liabilities		 30 36 36 35 27 25 24 22 22 21 22
Other Noncurrent Operating Liabilities		 172 174 183 179 184 176 199 173 258 256 254
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,305 2,371 2,320 2,246 2,339 2,389 2,455 2,535 2,641 2,669 2,750
Total Preferred & Common Equity		 2,288 2,355 2,304 2,230 2,324 2,373 2,439 2,520 2,626 2,654 2,735
Preferred Stock		 - - - - - - - - - - 0.00
Total Common Equity		 2,288 2,355 2,304 2,230 2,324 2,373 2,439 2,520 2,626 2,654 2,735
Common Stock		 4,183 4,193 4,197 4,200 4,204 4,209 4,213 4,222 4,229 4,238 4,290
Retained Earnings		 -1,217 -1,200 -1,190 -1,241 -1,147 -1,073 -1,052 -939 -911 -891 -869
Accumulated Other Comprehensive Income / (Loss)		 -378 -297 -362 -387 -384 -413 -372 -410 -318 -320 -293
Other Equity Adjustments		 - - -342 - -349 -349 - -354 - -374 -394
Noncontrolling Interest		 17 17 16 16 16 16 15 15 15 15 15

Annual Metrics And Ratios for Element Solutions

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 201.51% -30.37% 6.13% 4.39% -6.38% 0.97% 29.46% 6.23% -8.48% 5.30% 3.84%
EBITDA Growth		 148.00% 25.72% -21.51% 78.28% -6.80% -20.81% 53.58% 3.13% -28.77% 45.35% -6.26%
EBIT Growth		 -320.00% 1,012.34% -45.55% 236.99% -10.16% -37.61% 111.70% 5.66% -44.80% 92.83% -7.27%
NOPAT Growth		 653.68% 24.86% 123.94% 24.13% -19.10% 56.59% 9.98% -8.11% -29.89% 85.98% -15.25%
Net Income Growth		 -1,157.85% 74.80% -285.40% -8.22% 129.04% -18.51% 169.09% -7.71% -37.13% 106.85% -21.88%
EPS Growth		 21.65% 57.24% -60.00% -8.65% 130.97% -14.29% 173.33% -7.32% -35.53% 106.12% -21.78%
Operating Cash Flow Growth		 226.78% -111.84% 9.74% 97.67% 21,462.50% 61.50% 16.85% -7.69% 12.80% 8.28% -20.30%
Free Cash Flow Firm Growth		 0.00% 101.52% 5,704.60% -92.15% -67.28% 125.82% -220.00% 210.95% -54.14% 331.93% -68.84%
Invested Capital Growth		 160.57% -0.12% -52.17% -4.15% 0.96% -0.59% 15.01% -2.42% 0.22% -8.69% 1.31%
Revenue Q/Q Growth		 22.18% -47.49% 32.51% 81.96% -1.27% 4.62% 4.82% -2.79% -0.02% 2.11% 2.08%
EBITDA Q/Q Growth		 3,962.07% -47.57% 407.64% 59.79% 13.95% -7.94% -5.91% -1.32% 0.79% 5.60% -7.37%
EBIT Q/Q Growth		 -365.52% -40.29% 168.42% 154.24% 25.19% -16.43% -9.42% -0.80% 0.00% 9.83% -10.34%
NOPAT Q/Q Growth		 32.35% -59.55% 83.33% 89.41% 321.13% -18.43% -4.69% 3.51% 122.97% -13.08% -10.89%
Net Income Q/Q Growth		 -45.86% 62.77% -97.07% 36.25% 70.15% -37.07% -11.13% 4.74% 119.30% -8.39% -20.28%
EPS Q/Q Growth		 45.91% 54.86% -153.66% 35.43% 84.21% -36.17% -10.87% 5.56% 122.73% -9.01% -19.39%
Operating Cash Flow Q/Q Growth		 114.22% -122.92% 56.58% -118.60% 45.20% 1.06% 12.76% -5.61% 3.26% 8.21% -14.11%
Free Cash Flow Firm Q/Q Growth		 -14.07% 104.54% 1,286.55% -92.86% 168.26% 9.18% 23.43% -18.25% 76.51% 23.99% -43.80%
Invested Capital Q/Q Growth		 30.96% 1.08% -54.22% -1.02% 2.91% 0.87% -1.69% 0.24% 0.80% -3.58% -0.29%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 39.02% 43.91% 43.32% 42.71% 42.94% 42.40% 40.04% 37.37% 39.37% 42.15% 41.96%
EBITDA Margin		 9.27% 16.73% 12.38% 21.14% 21.04% 16.50% 19.58% 19.00% 14.79% 20.42% 18.43%
Operating Margin		 2.82% 5.05% 10.66% 12.67% 13.57% 12.55% 12.50% 12.76% 7.44% 14.00% 13.41%
EBIT Margin		 -0.61% 7.94% 4.07% 13.15% 12.62% 7.80% 12.75% 12.68% 7.65% 14.00% 12.50%
Profit (Net Income) Margin		 -11.97% -4.33% -15.74% -16.31% 5.06% 4.08% 8.49% 7.37% 5.07% 9.95% 7.49%
Tax Burden Percent		 132.75% 33.09% 113.52% 601.32% 65.93% 93.34% 80.93% 69.12% 91.56% 84.98% 71.91%
Interest Burden Percent		 1,488.96% -164.98% -340.39% -20.64% 60.84% 56.12% 82.28% 84.16% 72.37% 83.63% 83.26%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 43.51% 5.30% 19.19% 31.54% 10.07% 15.57% 28.09%
Return on Invested Capital (ROIC)		 0.94% 0.81% 2.46% 4.82% 3.96% 6.20% 6.36% 5.53% 3.92% 7.61% 6.71%
ROIC Less NNEP Spread (ROIC-NNEP)		 -12.68% -2.09% -12.99% -40.54% 0.42% -5.04% 3.60% 3.36% 1.60% 4.43% 1.80%
Return on Net Nonoperating Assets (RNNOA)		 -12.07% -3.45% -12.74% -17.51% 0.26% -2.86% 2.10% 2.22% 1.12% 2.70% 0.79%
Return on Equity (ROE)		 -11.13% -2.64% -10.28% -12.69% 4.22% 3.34% 8.45% 7.75% 5.04% 10.31% 7.51%
Cash Return on Invested Capital (CROIC)		 -88.13% 0.93% 73.05% 9.05% 3.01% 6.79% -7.60% 7.98% 3.70% 16.69% 5.41%
Operating Return on Assets (OROA)		 -0.21% 1.39% 0.75% 2.62% 3.37% 3.28% 6.36% 6.44% 3.61% 6.99% 6.40%
Return on Assets (ROA)		 -4.13% -0.76% -2.91% -3.26% 1.35% 1.72% 4.23% 3.74% 2.39% 4.97% 3.83%
Return on Common Equity (ROCE)		 -9.28% -2.20% -9.80% -12.22% 4.15% 3.34% 8.42% 7.69% 5.00% 10.24% 7.46%
Return on Equity Simple (ROE_SIMPLE)		 -14.47% -2.80% -10.78% -15.17% 4.18% 3.26% 8.21% 8.06% 5.08% 10.26% 0.00%
Net Operating Profit after Tax (NOPAT)		 50 63 140 174 141 220 242 223 156 290 246
NOPAT Margin		 1.97% 3.54% 7.46% 8.87% 7.67% 11.89% 10.10% 8.73% 6.69% 11.82% 9.65%
Net Nonoperating Expense Percent (NNEP)		 13.62% 2.90% 15.45% 45.36% 3.54% 11.24% 2.76% 2.16% 2.32% 3.18% 4.91%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 5.25% 3.65% 6.88% 5.70%
Cost of Revenue to Revenue		 60.98% 56.09% 56.68% 57.29% 57.06% 57.60% 59.96% 62.63% 60.63% 57.85% 58.04%
SG&A Expenses to Revenue		 33.73% 33.69% 30.19% 27.78% 27.07% 27.23% 25.47% 22.70% 25.58% 25.59% 25.90%
R&D to Revenue		 2.47% 2.54% 2.47% 2.26% 2.30% 2.62% 2.07% 1.91% 2.92% 2.56% 2.65%
Operating Expenses to Revenue		 36.20% 38.86% 32.66% 30.04% 29.37% 29.85% 27.54% 24.61% 31.93% 28.16% 28.55%
Earnings before Interest and Taxes (EBIT)		 -15 141 77 258 232 145 306 323 178 344 319
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 236 296 233 415 386 306 470 485 345 502 470
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.22 0.95 0.98 1.34 1.25 1.80 2.33 1.83 2.37 2.58 2.26
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)		 1.01 1.46 1.44 1.44 1.51 2.25 2.41 1.68 2.37 2.51 2.37
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 30.16 55.10 28.45 22.86 46.73 25.22 31.70
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.30% 1.07% 1.81% 1.40% 1.26% 1.28%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 3.32% 1.82% 3.51% 4.37% 2.14% 3.97% 3.16%
Enterprise Value to Invested Capital (EV/IC)		 1.06 0.98 2.17 2.28 1.15 1.52 1.81 1.49 1.80 2.10 1.91
Enterprise Value to Revenue (EV/Rev)		 3.22 4.27 4.26 4.10 2.24 2.91 3.08 2.32 3.08 3.11 2.77
Enterprise Value to EBITDA (EV/EBITDA)		 34.70 25.52 34.43 19.39 10.64 17.63 15.71 12.23 20.80 15.23 15.02
Enterprise Value to EBIT (EV/EBIT)		 0.00 53.81 104.65 31.18 17.75 37.32 24.13 18.33 40.23 22.20 22.14
Enterprise Value to NOPAT (EV/NOPAT)		 163.14 120.81 57.13 46.21 29.20 24.47 30.46 26.61 45.98 26.31 28.70
Enterprise Value to Operating Cash Flow (EV/OCF)		 25.48 0.00 0.00 0.00 24.05 19.54 22.89 19.91 21.38 21.01 24.37
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 105.47 1.92 24.60 38.44 22.33 0.00 18.43 48.69 12.00 35.60
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.79 1.81 1.90 2.46 0.69 0.65 0.76 0.81 0.82 0.76 0.60
Long-Term Debt to Equity		 1.77 1.77 1.90 2.45 0.68 0.65 0.76 0.80 0.82 0.76 0.60
Financial Leverage		 0.95 1.65 0.98 0.43 0.61 0.57 0.58 0.66 0.70 0.61 0.44
Leverage Ratio		 2.69 3.49 3.53 3.90 3.12 1.94 2.00 2.07 2.10 2.08 1.96
Compound Leverage Factor		 40.10 -5.75 -12.02 -0.80 1.90 1.09 1.64 1.74 1.52 1.74 1.63
Debt to Total Capital		 64.17% 64.45% 65.57% 71.14% 40.67% 39.53% 43.26% 44.65% 45.19% 43.20% 37.68%
Short-Term Debt to Total Capital		 0.67% 1.43% 0.12% 0.33% 0.21% 0.19% 0.29% 0.27% 0.27% 0.25% 0.00%
Long-Term Debt to Total Capital		 63.50% 63.02% 65.45% 70.80% 40.46% 39.34% 42.97% 44.38% 44.92% 42.95% 37.68%
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		 10.01% 1.89% 1.41% 0.95% -0.04% -0.04% 0.46% 0.39% 0.37% 0.36% 0.35%
Common Equity to Total Capital		 25.82% 33.66% 33.02% 27.91% 59.38% 60.51% 56.28% 54.95% 54.44% 56.44% 61.98%
Debt to EBITDA		 22.19 17.69 23.43 12.97 3.94 4.95 4.06 3.91 5.60 3.64 3.46
Net Debt to EBITDA		 20.36 16.26 22.32 12.41 3.45 4.00 3.36 3.36 4.76 2.92 2.13
Long-Term Debt to EBITDA		 21.96 17.30 23.39 12.91 3.92 4.93 4.03 3.89 5.57 3.62 3.46
Debt to NOPAT		 104.32 83.72 38.87 30.91 10.81 6.88 7.87 8.51 12.38 6.28 6.61
Net Debt to NOPAT		 95.69 76.96 37.03 29.56 9.46 5.55 6.51 7.32 10.53 5.04 4.06
Long-Term Debt to NOPAT		 103.22 81.86 38.80 30.76 10.75 6.84 7.82 8.46 12.30 6.25 6.61
Altman Z-Score		 0.52 0.48 0.45 0.53 1.05 1.40 1.80 1.60 1.71 2.16 2.23
Noncontrolling Interest Sharing Ratio		 16.60% 16.68% 4.71% 3.75% 1.60% -0.07% 0.38% 0.76% 0.69% 0.66% 0.60%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.11 1.91 2.14 2.17 2.84 3.15 2.93 3.45 3.24 3.34 3.68
Quick Ratio		 1.49 1.36 0.60 0.54 1.89 2.21 1.98 2.09 2.03 2.10 2.66
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4,704 72 4,161 327 107 241 -290 321 147 637 198
Operating Cash Flow to CapEx		 1,452.04% -163.79% -246.76% -3.31% 680.88% 1,018.45% 696.54% 692.33% 654.58% 531.58% 477.43%
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		 0.35 0.17 0.19 0.20 0.27 0.42 0.50 0.51 0.47 0.50 0.51
Accounts Receivable Turnover		 3.77 1.70 2.58 5.01 4.92 4.83 5.36 5.38 5.09 5.45 5.33
Inventory Turnover		 4.49 2.20 3.53 6.00 5.40 5.30 6.03 5.65 4.80 5.21 5.47
Fixed Asset Turnover		 7.59 3.72 5.02 7.08 6.91 7.34 9.26 9.18 8.13 8.57 8.56
Accounts Payable Turnover		 5.57 2.38 4.30 10.59 10.60 11.10 12.30 11.80 10.37 10.85 10.33
Days Sales Outstanding (DSO)		 96.93 214.22 141.31 72.80 74.19 75.54 68.11 67.86 71.77 66.96 68.48
Days Inventory Outstanding (DIO)		 81.27 165.63 103.32 60.84 67.54 68.83 60.56 64.59 76.06 70.00 66.67
Days Payable Outstanding (DPO)		 65.57 153.29 84.81 34.46 34.44 32.89 29.68 30.93 35.19 33.63 35.35
Cash Conversion Cycle (CCC)		 112.63 226.56 159.82 99.18 107.29 111.49 98.99 101.52 112.64 103.32 99.80
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 7,715 7,706 3,686 3,533 3,567 3,546 4,078 3,979 3,988 3,641 3,689
Invested Capital Turnover		 0.48 0.23 0.33 0.54 0.52 0.52 0.63 0.63 0.59 0.64 0.70
Increase / (Decrease) in Invested Capital		 4,754 -9.10 -4,021 -153 34 -21 532 -99 8.70 -346 48
Enterprise Value (EV)		 8,176 7,560 8,006 8,038 4,110 5,393 7,381 5,926 7,178 7,638 7,062
Market Capitalization		 2,565 2,590 2,700 2,824 2,780 4,171 5,784 4,279 5,519 6,158 6,048
Book Value per Share		 $9.98 $9.83 $9.55 $7.32 $8.84 $9.38 $10.02 $9.64 $9.64 $9.84 $11.05
Tangible Book Value per Share		 ($24.81) ($16.79) ($2.33) ($3.81) ($3.60) ($3.19) ($4.05) ($3.66) ($3.67) ($1.99) ($0.93)
Total Capital		 8,148 8,129 8,307 7,557 3,740 3,834 4,408 4,244 4,277 4,222 4,315
Total Debt		 5,228 5,239 5,447 5,376 1,521 1,516 1,907 1,895 1,933 1,824 1,626
Total Long-Term Debt		 5,174 5,123 5,437 5,351 1,513 1,508 1,894 1,884 1,921 1,814 1,626
Net Debt		 4,796 4,816 5,189 5,142 1,331 1,224 1,577 1,630 1,643 1,465 999
Capital Expenditures (CapEx)		 22 23 14 24 25 27 46 43 51 68 61
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 798 682 1,001 1,131 357 391 482 590 550 541 526
Debt-free Net Working Capital (DFNWC)		 1,230 1,105 1,259 1,365 547 683 812 856 840 901 1,153
Net Working Capital (NWC)		 1,175 989 1,249 1,340 540 676 799 844 828 890 1,153
Net Nonoperating Expense (NNE)		 355 139 436 494 48 145 39 35 38 46 55
Net Nonoperating Obligations (NNO)		 4,796 4,816 826 1,352 1,347 1,227 1,577 1,630 1,643 1,243 999
Total Depreciation and Amortization (D&A)		 251 156 156 157 155 161 164 161 167 158 151
Debt-free, Cash-free Net Working Capital to Revenue		 31.38% 38.53% 53.26% 57.70% 19.46% 21.10% 20.08% 23.15% 23.59% 22.03% 20.62%
Debt-free Net Working Capital to Revenue		 48.38% 62.40% 67.02% 69.61% 29.82% 36.85% 33.84% 33.57% 35.98% 36.66% 45.18%
Net Working Capital to Revenue		 46.23% 55.84% 66.48% 68.32% 29.39% 36.45% 33.31% 33.12% 35.49% 36.24% 45.18%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.52) ($0.17) ($1.04) ($1.13) $0.36 $0.30 $0.82 $0.76 $0.49 $1.01 $0.79
Adjusted Weighted Average Basic Shares Outstanding		 203.20M 243.30M 286.10M 288.20M 257.60M 248.80M 247.40M 245.10M 241.40M 242.10M 242M
Adjusted Diluted Earnings per Share		 ($1.52) ($0.65) ($1.04) ($1.13) $0.35 $0.30 $0.82 $0.76 $0.49 $1.01 $0.79
Adjusted Weighted Average Diluted Shares Outstanding		 203.20M 272.30M 286.10M 288.20M 260.10M 249.90M 247.90M 245.80M 241.80M 242.60M 242.40M
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		 229.51M 284.25M 288.03M 252.40M 504.88M 247.10M 248.16M 241.36M 241.99M 242.45M 243.58M
Normalized Net Operating Profit after Tax (NOPAT)		 50 95 140 174 141 220 242 223 228 290 246
Normalized NOPAT Margin		 1.97% 5.38% 7.46% 8.87% 7.67% 11.89% 10.10% 8.73% 9.77% 11.82% 9.65%
Pre Tax Income Margin		 -9.02% -13.10% -13.86% -2.71% 7.67% 4.38% 10.49% 10.67% 5.53% 11.71% 10.41%
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		 0.00% 0.00% 0.00% 0.00% 0.00% 16.38% 30.39% 41.70% 65.48% 31.98% 40.73%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 545.86% 89.96% 40.01% 122.02% 65.48% 31.98% 53.82%

Quarterly Metrics And Ratios for Element Solutions

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 243,578,414.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 243,578,414.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.23
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -3.10% -0.07% 0.10% 4.54% 7.63% 8.86% 3.25% 2.04% 1.72% 8.33% 41.49%
EBITDA Growth		 -66.04% 3.03% 11.74% 27.20% 215.94% 28.94% 35.25% -11.04% -17.89% -31.56% -12.31%
EBIT Growth		 -103.78% 0.00% 16.48% 47.50% 3,048.39% 61.72% 56.00% -13.90% -24.73% -45.60% -19.91%
NOPAT Growth		 -101.04% 468.77% 31.51% 304.82% 7,991.27% -46.63% 4.49% -40.48% 43.57% -77.31% 15.16%
Net Income Growth		 -159.47% 498.45% 30.23% 214.14% 227.44% -29.02% 75.00% -49.09% -2.72% -88.69% -42.86%
EPS Growth		 -159.09% 540.00% 27.78% 225.00% 230.77% -31.25% 73.91% -48.72% -5.88% -86.36% -42.50%
Operating Cash Flow Growth		 -31.02% 10.55% 8.79% -18.62% 12.70% 24.84% -55.33% 6.45% 1.62% -34.32% -356.15%
Free Cash Flow Firm Growth		 -94.61% -10.59% -75.14% 249.63% 1,681.00% 283.19% 497.20% 80.88% -35.35% -108.28% -355.35%
Invested Capital Growth		 -0.34% 0.22% -0.06% -1.73% -4.54% -8.69% -8.13% -6.78% -2.03% 1.31% 29.22%
Revenue Q/Q Growth		 2.25% -4.32% 0.28% 6.56% 5.27% -3.22% -4.89% 5.31% 4.94% 3.06% 24.22%
EBITDA Q/Q Growth		 -59.05% 121.98% 34.60% 3.96% 1.71% -9.40% 41.18% -31.62% -6.12% -24.49% 80.89%
EBIT Q/Q Growth		 -105.17% 1,709.68% 67.13% 6.12% 3.28% -11.71% 61.21% -41.43% -9.71% -36.19% 137.36%
NOPAT Q/Q Growth		 -102.15% 18,375.08% -45.55% 89.65% -58.18% 23.59% 6.60% 8.03% 0.87% -80.47% 441.13%
Net Income Q/Q Growth		 -206.73% 343.53% -27.46% 66.61% -56.70% 35.64% 78.83% -51.53% -17.26% -84.22% 803.23%
EPS Q/Q Growth		 -208.33% 346.15% -28.13% 69.57% -56.41% 29.41% 81.82% -50.00% -20.00% -81.25% 666.67%
Operating Cash Flow Q/Q Growth		 4.30% 27.12% -47.61% 17.18% 44.43% 40.81% -81.25% 179.23% 37.88% -8.99% -173.11%
Free Cash Flow Firm Q/Q Growth		 -76.24% 726.99% -38.75% 190.53% 21.03% 77.93% -4.55% -12.01% -56.74% -122.78% -2,844.51%
Invested Capital Q/Q Growth		 -3.00% 0.80% -0.10% 0.61% -5.77% -3.58% 0.51% 2.08% -0.97% -0.29% 28.20%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 40.36% 38.42% 42.61% 43.61% 41.47% 41.01% 42.19% 42.61% 42.22% 40.91% 38.42%
EBITDA Margin		 6.91% 16.03% 21.51% 20.99% 20.28% 18.98% 28.18% 18.30% 16.37% 11.99% 17.46%
Operating Margin		 -0.15% 9.68% 13.53% 15.70% 14.73% 12.00% 13.04% 15.08% 15.36% 10.31% 13.26%
EBIT Margin		 -0.52% 8.70% 14.50% 14.44% 14.17% 12.93% 21.91% 12.19% 10.49% 6.49% 12.40%
Profit (Net Income) Margin		 -5.29% 13.46% 9.74% 15.23% 6.26% 8.78% 16.51% 7.60% 5.99% 0.92% 6.67%
Tax Burden Percent		 193.29% 205.32% 80.58% 125.74% 52.33% 82.04% 84.63% 75.04% 70.81% 20.00% 67.71%
Interest Burden Percent		 529.03% 75.35% 83.33% 83.84% 84.46% 82.78% 89.01% 83.07% 80.67% 70.62% 79.37%
Effective Tax Rate		 0.00% -107.45% 19.42% -23.58% 47.67% 17.96% 15.37% 24.96% 29.19% 80.00% 32.29%
Return on Invested Capital (ROIC)		 -0.06% 11.76% 6.39% 11.33% 4.80% 6.34% 7.15% 7.27% 7.27% 1.44% 5.99%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.90% 9.44% 5.97% 9.81% 4.18% 5.88% 9.49% 5.56% 4.55% 0.74% 4.74%
Return on Net Nonoperating Assets (RNNOA)		 -1.41% 6.59% 4.13% 7.04% 2.70% 3.58% 5.39% 3.00% 2.09% 0.33% 2.78%
Return on Equity (ROE)		 -1.47% 18.35% 10.52% 18.37% 7.49% 9.92% 12.54% 10.27% 9.36% 1.76% 8.77%
Cash Return on Invested Capital (CROIC)		 2.11% 3.70% 4.38% 8.40% 13.28% 16.69% 16.14% 13.59% 9.44% 5.41% -19.75%
Operating Return on Assets (OROA)		 -0.25% 4.11% 6.88% 6.79% 6.77% 6.45% 11.18% 6.07% 5.17% 3.32% 6.59%
Return on Assets (ROA)		 -2.51% 6.36% 4.62% 7.16% 2.99% 4.38% 8.42% 3.79% 2.95% 0.47% 3.54%
Return on Common Equity (ROCE)		 -1.46% 18.22% 10.45% 18.24% 7.44% 9.85% 12.46% 10.21% 9.31% 1.75% 8.72%
Return on Equity Simple (ROE_SIMPLE)		 2.42% 0.00% 5.65% 8.21% 10.94% 0.00% 11.37% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.63 115 63 119 50 61 66 71 71 14 75
NOPAT Margin		 -0.11% 20.08% 10.90% 19.40% 7.71% 9.84% 11.03% 11.32% 10.88% 2.06% 8.98%
Net Nonoperating Expense Percent (NNEP)		 1.84% 2.32% 0.41% 1.52% 0.61% 0.46% -2.35% 1.71% 2.73% 0.69% 1.25%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.69% - - - 1.46% 1.58% 1.66% 1.66% 0.32% 1.54%
Cost of Revenue to Revenue		 59.64% 61.58% 57.39% 56.39% 58.53% 58.99% 57.81% 57.39% 57.78% 59.09% 61.58%
SG&A Expenses to Revenue		 25.01% 26.33% 25.93% 25.36% 24.43% 26.71% 26.48% 24.94% 24.10% 28.02% 22.75%
R&D to Revenue		 2.15% 2.41% 3.15% 2.55% 2.31% 2.31% 2.68% 2.59% 2.76% 2.57% 2.40%
Operating Expenses to Revenue		 40.51% 28.74% 29.08% 27.91% 26.74% 29.01% 29.16% 27.53% 26.86% 30.60% 25.15%
Earnings before Interest and Taxes (EBIT)		 -3.10 50 83 89 91 81 130 76 69 44 104
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 41 92 124 129 131 119 167 114 107 81 147
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.09 2.37 2.59 2.77 2.70 2.58 2.18 2.09 2.29 2.26 3.04
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)		 2.00 2.37 2.58 2.78 2.73 2.51 2.21 2.21 2.43 2.37 2.97
Price to Earnings (P/E)		 86.99 46.73 45.83 33.75 24.67 25.22 19.15 22.85 25.40 31.70 55.92
Dividend Yield		 1.65% 1.40% 1.29% 1.18% 1.18% 1.26% 1.42% 1.41% 1.27% 1.28% 0.94%
Earnings Yield		 1.15% 2.14% 2.18% 2.96% 4.05% 3.97% 5.22% 4.38% 3.94% 3.16% 1.79%
Enterprise Value to Invested Capital (EV/IC)		 1.62 1.80 1.93 2.05 2.16 2.10 1.81 1.77 1.93 1.91 2.18
Enterprise Value to Revenue (EV/Rev)		 2.74 3.08 3.29 3.47 3.38 3.11 2.67 2.65 2.85 2.77 3.69
Enterprise Value to EBITDA (EV/EBITDA)		 18.68 20.80 21.43 21.26 17.14 15.23 12.15 12.43 14.04 15.02 22.93
Enterprise Value to EBIT (EV/EBIT)		 35.86 40.23 40.34 37.49 26.00 22.20 16.95 17.45 20.03 22.14 35.18
Enterprise Value to NOPAT (EV/NOPAT)		 91.37 45.98 44.56 30.49 24.37 26.31 22.60 25.94 25.81 28.70 42.76
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.67 21.38 22.53 25.24 24.23 21.01 19.98 19.66 21.12 24.37 52.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 76.60 48.69 43.92 24.16 15.86 12.00 10.74 12.55 20.19 35.60 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.91 0.82 0.83 0.81 0.78 0.76 0.64 0.62 0.61 0.60 0.78
Long-Term Debt to Equity		 0.90 0.82 0.82 0.80 0.78 0.76 0.64 0.62 0.61 0.60 0.75
Financial Leverage		 0.74 0.70 0.69 0.72 0.64 0.61 0.57 0.54 0.46 0.44 0.59
Leverage Ratio		 2.16 2.10 2.09 2.13 2.14 2.08 1.99 1.99 1.98 1.96 1.99
Compound Leverage Factor		 11.44 1.59 1.74 1.79 1.81 1.72 1.77 1.65 1.60 1.38 1.58
Debt to Total Capital		 47.59% 45.19% 45.21% 44.67% 43.97% 43.20% 39.04% 38.08% 37.85% 37.68% 43.95%
Short-Term Debt to Total Capital		 0.27% 0.27% 0.27% 0.27% 0.26% 0.25% 0.00% 0.00% 0.00% 0.00% 2.00%
Long-Term Debt to Total Capital		 47.32% 44.92% 44.94% 44.40% 43.71% 42.95% 39.04% 38.08% 37.85% 37.68% 41.96%
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% 0.37% 0.37% 0.36% 0.35% 0.36% 0.37% 0.35% 0.35% 0.35% 0.30%
Common Equity to Total Capital		 52.04% 54.44% 54.42% 54.97% 55.68% 56.44% 60.59% 61.56% 61.80% 61.98% 55.74%
Debt to EBITDA		 5.96 5.60 5.39 5.00 4.06 3.64 2.98 3.06 3.20 3.46 4.80
Net Debt to EBITDA		 4.99 4.76 4.59 4.20 3.26 2.92 2.06 2.06 2.03 2.13 4.40
Long-Term Debt to EBITDA		 5.92 5.57 5.36 4.97 4.03 3.62 2.98 3.06 3.20 3.46 4.58
Debt to NOPAT		 29.13 12.38 11.21 7.17 5.77 6.28 5.54 6.38 5.88 6.61 8.95
Net Debt to NOPAT		 24.42 10.53 9.55 6.02 4.64 5.04 3.84 4.30 3.73 4.06 8.21
Long-Term Debt to NOPAT		 28.96 12.30 11.14 7.13 5.73 6.25 5.54 6.38 5.88 6.61 8.54
Altman Z-Score		 1.37 1.63 1.83 1.97 1.96 1.98 2.04 1.95 2.10 2.06 2.20
Noncontrolling Interest Sharing Ratio		 0.72% 0.69% 0.68% 0.68% 0.67% 0.66% 0.63% 0.61% 0.59% 0.60% 0.57%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.45 3.24 3.63 3.50 3.52 3.34 3.95 4.10 4.05 3.68 2.68
Quick Ratio		 2.07 2.03 2.19 2.12 2.22 2.10 2.77 2.89 2.91 2.66 1.57
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 13 106 65 189 229 408 389 343 148 -34 -994
Operating Cash Flow to CapEx		 699.20% 677.44% 306.32% 470.34% 781.75% 621.97% 238.53% 424.56% 610.37% 558.90% -265.34%
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		 0.47 0.47 0.47 0.47 0.48 0.50 0.51 0.50 0.49 0.51 0.53
Accounts Receivable Turnover		 5.09 5.09 5.07 5.06 5.21 5.45 5.42 5.09 5.12 5.33 4.94
Inventory Turnover		 4.48 4.80 4.36 4.15 4.62 5.21 4.87 4.68 5.03 5.47 4.79
Fixed Asset Turnover		 8.60 8.13 8.14 8.14 8.70 8.57 8.55 8.37 8.71 8.56 8.14
Accounts Payable Turnover		 9.38 10.37 9.84 9.55 10.38 10.85 10.32 9.83 10.64 10.33 10.15
Days Sales Outstanding (DSO)		 71.72 71.77 71.97 72.13 70.11 66.96 67.36 71.69 71.35 68.48 73.82
Days Inventory Outstanding (DIO)		 81.46 76.06 83.69 87.98 78.98 70.00 74.94 78.06 72.61 66.67 76.26
Days Payable Outstanding (DPO)		 38.91 35.19 37.08 38.22 35.16 33.63 35.38 37.13 34.29 35.35 35.95
Cash Conversion Cycle (CCC)		 114.28 112.64 118.57 121.89 113.93 103.32 106.91 112.62 109.67 99.80 114.13
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,956 3,988 3,983 4,008 3,776 3,641 3,660 3,736 3,700 3,689 4,729
Invested Capital Turnover		 0.59 0.59 0.59 0.58 0.62 0.64 0.65 0.64 0.67 0.70 0.67
Increase / (Decrease) in Invested Capital		 -14 8.70 -2.50 -71 -180 -346 -324 -272 -77 48 1,070
Enterprise Value (EV)		 6,397 7,178 7,673 8,199 8,142 7,638 6,622 6,602 7,127 7,062 10,310
Market Capitalization		 4,672 5,519 6,013 6,565 6,577 6,158 5,482 5,493 6,081 6,048 8,316
Book Value per Share		 $9.24 $9.64 $9.61 $9.80 $10.07 $9.84 $10.39 $10.83 $10.98 $11.05 $11.23
Tangible Book Value per Share		 ($3.90) ($3.67) ($3.39) ($2.97) ($2.33) ($1.99) ($1.47) ($1.33) ($1.06) ($0.93) ($3.41)
Total Capital		 4,286 4,277 4,270 4,317 4,381 4,222 4,159 4,266 4,294 4,315 4,906
Total Debt		 2,039 1,933 1,930 1,928 1,926 1,824 1,624 1,625 1,625 1,626 2,157
Total Long-Term Debt		 2,028 1,921 1,919 1,917 1,915 1,814 1,624 1,625 1,625 1,626 2,059
Net Debt		 1,710 1,643 1,644 1,619 1,550 1,465 1,125 1,095 1,031 999 1,979
Capital Expenditures (CapEx)		 13 16 19 15 13 22 11 17 16 16 25
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 605 550 620 632 603 541 517 569 555 526 835
Debt-free Net Working Capital (DFNWC)		 934 840 906 941 979 901 1,016 1,099 1,150 1,153 1,013
Net Working Capital (NWC)		 923 828 895 930 967 890 1,016 1,099 1,150 1,153 915
Net Nonoperating Expense (NNE)		 31 38 6.69 26 9.32 6.64 -32 23 32 7.74 19
Net Nonoperating Obligations (NNO)		 1,710 1,643 1,644 1,619 1,322 1,243 1,125 1,095 1,031 999 1,979
Total Depreciation and Amortization (D&A)		 45 42 40 40 39 38 37 38 39 37 43
Debt-free, Cash-free Net Working Capital to Revenue		 25.91% 23.59% 26.57% 26.78% 25.05% 22.03% 20.87% 22.88% 22.22% 20.62% 29.86%
Debt-free Net Working Capital to Revenue		 40.04% 35.98% 38.84% 39.88% 40.68% 36.66% 41.04% 44.18% 45.99% 45.18% 36.20%
Net Working Capital to Revenue		 39.54% 35.49% 38.35% 39.39% 40.20% 36.24% 41.04% 44.18% 45.99% 45.18% 32.70%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.13) $0.32 $0.23 $0.39 $0.17 $0.22 $0.40 $0.20 $0.16 $0.03 $0.23
Adjusted Weighted Average Basic Shares Outstanding		 241.50M 241.40M 241.80M 242.10M 242.10M 242.10M 242.40M 241.90M 241.60M 242M 243.20M
Adjusted Diluted Earnings per Share		 ($0.13) $0.32 $0.23 $0.39 $0.17 $0.22 $0.40 $0.20 $0.16 $0.03 $0.23
Adjusted Weighted Average Diluted Shares Outstanding		 241.50M 241.80M 242.50M 242.50M 242.60M 242.60M 243M 242.20M 242M 242.40M 243.70M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 241.52M 241.99M 242.06M 242.14M 242.16M 242.45M 242.50M 241.62M 242.00M 243.58M 243.61M
Normalized Net Operating Profit after Tax (NOPAT)		 55 39 63 67 50 61 66 71 71 49 75
Normalized NOPAT Margin		 9.24% 6.78% 10.90% 10.99% 7.71% 9.84% 11.03% 11.32% 10.88% 7.22% 8.98%
Pre Tax Income Margin		 -2.74% 6.56% 12.09% 12.11% 11.97% 10.70% 19.50% 10.12% 8.46% 4.58% 9.85%
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		 143.41% 65.48% 59.45% 40.09% 29.26% 31.98% 27.23% 32.36% 32.47% 40.73% 52.48%
Augmented Payout Ratio		 143.41% 65.48% 59.45% 40.09% 29.26% 31.98% 27.23% 40.42% 40.57% 53.82% 52.48%

Financials Breakdown Chart

Key Financial Trends

Here are the most important takeaways for Element Solutions Inc (ESI) based on the last four years of quarterly statements. The bullets highlight notable trends in revenue, profitability, cash flow, and balance-sheet stability.

  • Revenue momentum in 2025: Q4 2025 revenue rose to $676.2 million, up from $593.7 million in Q1 2025 and $624.2 million in Q4 2024, signaling solid top‑line growth through the year.
  • Gross margin remained consistent: Gross margin stayed around 41% in 2025, with Q4 2025 gross profit of $276.6 million on $676.2 million revenue, indicating stable product profitability amid higher sales levels.
  • Operating income stayed positive and improved slightly: Q4 2025 operating income was $69.7 million, a level consistent with prior quarters and reflecting healthy operating leverage as revenue grows.
  • Cash-flow strength from operations in late 2025: Net cash from continuing operating activities was about $91.1 million in Q4 2025 (and around $100.1 million in Q3 2025), underscoring ongoing liquidity generation from core operations.
  • Investments in SG&A and R&D: 2025 saw higher SG&A and R&D outlays (e.g., SG&A around $189.5 million and R&D around $17.4 million in Q4 2025), boosting expense dollars as the company invests in growth. This raises 2025 operating expense as a percentage of revenue versus earlier periods.
  • Debt load remains meaningful but common for a manufacturing specialty company: Organic long‑term debt levels hovered in the ~$1.6–$1.92 billion range across 2025 quarters, keeping leverage substantial but typical for a company of this size and asset base.
  • Dividend policy remains steady: Cash dividends per share are set at $0.08, providing predictable income for investors, independent of quarterly earnings volatility.
  • Quarterly earnings quality challenged by non-operating items in 2025: Q4 2025 net income attributable to common shareholders was $6.1 million, a sharp drop from $54.7 million in Q4 2024, driven by sizable negative other income/expenses (e.g., total other income/expense, net −$38.7 million).
  • High debt and interest burden persists: Interest and financing costs remain a headwind, with annualized quarterly interest expense around $12–13 million, limiting margin upside as the business grows.
  • Financing cash flows show outflows in recent periods: Net cash from financing activities has been negative in recent quarters, reflecting debt repayments and dividend payments that offset operating cash gains.
05/14/26 01:12 PM ETAI Generated. May Contain Errors.

Element Solutions Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Element Solutions' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Element Solutions' net income appears to be on an upward trend, with a most recent value of $191 million in 2025, falling from -$304.40 million in 2015. The previous period was $244.50 million in 2024. See Element Solutions' forecast for analyst expectations on what's next for the company.

Element Solutions' total operating income in 2025 was $342.20 million, based on the following breakdown:
  • Total Gross Profit: $1.07 billion
  • Total Operating Expenses: $728.30 million

Over the last 10 years, Element Solutions' total revenue changed from $2.54 billion in 2015 to $2.55 billion in 2025, a change of 0.4%.

Element Solutions' total liabilities were at $2.41 billion at the end of 2025, a 2.6% decrease from 2024, and a 66.8% decrease since 2015.

In the past 10 years, Element Solutions' cash and equivalents has ranged from $190.10 million in 2019 to $626.50 million in 2025, and is currently $626.50 million as of their latest financial filing in 2025.

Over the last 10 years, Element Solutions' book value per share changed from 9.98 in 2015 to 11.05 in 2025, a change of 10.8%.


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Financial statements for NYSE:ESI last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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