Cabot Corporation (CBT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.66	$1.67	+0.6%	—	—	—
Q4 26	$1.47	$1.61	+9.5%	—	—	—
Q3 26	$1.38	$1.53	+10.9%	—	—	—
Q2 26	$1.68	$1.7	+1.2%	—	—	—
Q1 26	$1.83	$1.9	+3.8%	—	—	—
Q4 25	$1.86	$1.9	+2.2%	—	—	—
Q3 25	$1.77	$1.76	-0.6%	—	—	—
Q2 25	$1.79	$1.8	+0.6%	—	—	—
Q1 25	$1.71	$1.92	+12.3%	—	—	—
Q4 24	$1.66	$1.78	+7.2%	—	—	—
Q3 24	$1.49	$1.56	+4.7%	—	—	—
Q2 24	$1.48	$1.65	+11.5%	—	—	—
Q1 24	$1.55	$1.42	-8.4%	—	—	—
Q4 23	$1.31	$1.33	+1.5%	—	—	—
Q3 23	$0.97	$0.98	+1.0%	—	—	—
Q2 23	$1.45	$1.55	+6.9%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.07	—	—	$3.7B	—
FY24	—	$7	—	—	$4B	—
FY23	—	$8.06	—	—	$3.9B	—
FY22	—	$3.65	—	—	$4.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.4B	$2.7B	$3.2B	$3.3B	$2.6B	$3.4B	$4.3B	$3.9B	$4B	$3.7B
YoY change	-16%	+12.7%	+19.3%	+2.93%	-21.7%	+30.4%	+26.8%	-9.03%	+1.6%	-7.04%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.4B	2.7B	3.2B	3.3B	2.6B	3.4B	4.3B	3.9B	4B	3.7B
Cost of revenue	1.8B	2.1B	2.5B	2.7B	2.1B	2.6B	3.4B	3.1B	3B	2.8B
Gross profit	575M	657M	772M	685M	500M	799M	885M	839M	960M	940M
Gross margin	23.8%	24.2%	23.8%	20.5%	19.1%	23.4%	20.5%	21.3%	24%	25.3%
Research & development	53M	57M	66M	60M	57M	56M	55M	57M	63M	59M
Selling, general & administrative	275M	262M	308M	290M	292M	289M	258M	253M	283M	260M
Operating expenses	328M	319M	374M	350M	349M	345M	313M	310M	346M	319M
Operating income	247M	338M	398M	335M	151M	454M	572M	529M	614M	621M
Operating margin	10.2%	12.4%	12.3%	10%	5.78%	13.3%	13.2%	13.5%	15.4%	16.7%
Non-operating income, net	-7M	5M	-237M	-30M	-138M	-7M	-192M	-19M	-36M	-7M
Pretax income	191M	299M	117M	255M	-33M	406M	335M	451M	529M	565M
Income tax	33M	33M	193M	70M	191M	123M	102M	-28M	111M	196M
Net income	162M	273M	-74M	186M	-221M	286M	243M	484M	424M	376M
Net margin	6.72%	10%	-2.28%	5.57%	-8.45%	8.39%	5.62%	12.3%	10.6%	10.1%
EBITDA	406M	507M	574M	491M	307M	615M	720M	688M	761M	795M
EPS	2.4	3.89	-1.87	2.75	-4.21	4.41	3.65	8.06	7	6.07
Diluted EPS	2.36	3.81	-1.87	2.63	-4.21	4.34	3.62	7.73	6.72	6.02

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	—	—	—	—	—	—	—	—	899M	849M	904M	982M
Cost of revenue	—	—	—	—	—	—	—	—	679M	638M	694M	798M
Gross profit	—	—	—	—	—	—	—	—	220M	211M	210M	184M
Gross margin	—	—	—	—	—	—	—	—	24.5%	24.9%	23.2%	18.7%
Research & development	—	—	—	—	—	—	—	—	15M	13M	14M	13M
Selling, general & administrative	—	—	—	—	—	—	—	—	68M	69M	67M	73M
Operating expenses	—	—	—	—	—	—	—	—	83M	82M	81M	86M
Operating income	—	—	—	—	—	—	—	—	137M	129M	129M	98M
Operating margin	—	—	—	—	—	—	—	—	15.2%	15.2%	14.3%	9.98%
Non-operating income, net	—	—	—	—	—	—	—	—	-9M	—	2M	-30M
Pretax income	—	—	—	—	—	—	—	—	115M	118M	120M	58M
Income tax	—	—	—	—	—	—	—	—	63M	37M	44M	46M
Net income	—	—	—	—	—	—	—	—	54M	82M	78M	14M
Net margin	—	—	—	—	—	—	—	—	6.01%	9.66%	8.63%	1.43%
EBITDA	185M	157M	200M	213M	191M	199M	208M	213M	175M	177M	187M	126M
EPS	4.24	0.9	1.5	1.99	2.52	1.69	1.71	1.87	0.79	1.38	1.27	0.12
Diluted EPS	4.1	0.88	1.49	1.94	2.43	1.67	1.69	1.86	0.79	1.37	1.27	0.12

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.3B	3.5B	3.8B	2.6B	2B	2.8B	3.6B	3.8B	6.1B	4.1B	4B
Enterprise value	4B	4.1B	4.6B	3.5B	3.1B	3.9B	4.9B	4.9B	7.1B	5B	5.2B
Shares outstanding	62.2M	61.9M	60.4M	57.1M	56.5M	56.7M	56.5M	55.2M	54.3M	53.7M	53.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	20.1	12.6	—	13.9	—	9.94	14.9	7.91	14.3	10.9	22.1
P/S	1.35	1.27	1.17	0.78	0.78	0.83	0.84	0.97	1.52	1.1	1.12
P/B	2.38	2.13	2.96	2.28	2.5	2.61	3.5	2.72	3.82	2.4	2.53
EV/EBITDA	9.81	8.08	8.04	7.09	10.1	6.38	6.85	7.19	9.3	6.34	7.11
EV/Sales	1.65	1.51	1.42	1.04	1.18	1.15	1.14	1.26	1.77	1.36	1.44
Earnings yield	4.97%	7.91%	—	7.19%	—	10.1%	6.73%	12.6%	6.99%	9.21%	4.53%
FCF yield	8.59%	5.82%	1.82%	5.37%	8.7%	2.18%	-3.07%	9.17%	7.43%	9.57%	6.38%
PEG	—	—	—	—	—	—	—	—	—	—	-0.24

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	23.8%	24.2%	23.8%	20.5%	19.1%	23.4%	20.5%	21.3%	24%	25.3%	18.7%
Operating margin	10.2%	12.4%	12.3%	10%	5.78%	13.3%	13.2%	13.5%	15.4%	16.7%	14.3%
Net margin	6.72%	10%	-2.28%	5.57%	-8.45%	8.39%	5.62%	12.3%	10.6%	10.1%	5.23%
ROE	11.8%	16.8%	-5.79%	16.4%	-27.1%	26.2%	23.5%	34.4%	26.7%	22.1%	13.3%
ROA	5.34%	8.18%	-2.28%	6.19%	-7.95%	8.65%	6.89%	13.4%	11.3%	9.86%	8.9%
ROIC	9.76%	13.3%	0%	12%	8.09%	14.6%	16.9%	20.9%	18.7%	15.2%	9.62%
Return on tangible assets	6.61%	9.91%	-2.59%	7.07%	-9.58%	10.1%	7.74%	15%	12.6%	10.9%	6.34%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.64	1.75	1.46	2.02	1.85	1.24	1.65	1.98	2.08	1.61	1.47
Quick ratio	1.78	1.17	0.92	1.24	1.17	0.79	1.05	1.27	1.36	1.08	0.97
Debt / equity	0.67	0.57	0.78	0.94	1.48	1.14	1.48	0.97	0.77	0.71	0.74
Debt / assets	0.3	0.28	0.31	0.35	0.43	0.38	0.43	0.38	0.33	0.32	0.32
Net debt / EBITDA	1.78	1.27	1.44	1.82	3.43	1.75	1.83	1.63	1.32	1.2	1.54
Interest coverage	4.54	6.64	3.17	5.32	0.38	9.29	6.98	6.01	7.53	8.43	6.55
Effective tax rate	17.3%	11%	100%	27.5%	0%	30.3%	30.4%	0%	21%	34.7%	46.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	38.8	43.9	53.7	58.5	46.3	60.1	76.5	71.2	73.6	69.1	69.4
EPS (basic)	2.4	3.89	-1.87	2.75	-4.21	4.41	3.65	8.06	7	6.07	6.07
EPS (diluted)	2.36	3.81	-1.87	2.63	-4.21	4.34	3.62	7.73	6.72	6.02	3.57
Book value per share	22.1	26.3	21.2	19.9	14.4	19.2	18.3	25.5	29.3	31.8	31.1
FCF per share	4.5	3.25	1.14	2.44	3.13	1.09	-1.96	6.35	8.31	7.28	5.4
Cash per share	3.21	4.52	2.9	2.96	2.67	2.96	3.65	4.31	4.11	4.8	4.84
Capex per share	1.54	2.38	3.15	3.92	3.54	3.44	3.42	4.29	4.44	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.98%	5.41%	5.86%	6.71%	7.65%	5.72%	4.47%	6.03%	6.03%	—	—
Capex / operating cash flow	25.8%	42.7%	161%	84.2%	81%	70.7%	-275.7%	39.6%	34.9%	—	—
Payout ratio	40.1%	28.2%	-108.1%	43%	-36.2%	28%	34.6%	18.2%	21.9%	25.5%	51%
Dividend yield	1.99%	2.23%	2.11%	3.09%	3.93%	2.81%	2.33%	2.3%	1.53%	2.35%	2.41%

Yield

2.41%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.473

ex-dividend Aug 28, 2026

Payout ratio

51%

of earnings

Dividend growth

14 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 28, 2026	$0.473
May 29, 2026	$0.473
Feb 27, 2026	$0.45

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	—	—	—	—	—	—	—	—	$899M	$849M	$904M	$982M
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	200M	280M	175M	169M	151M	168M	206M	238M	223M	258M
Receivables	456M	527M	637M	530M	418M	645M	836M	695M	733M	671M
Inventory	342M	433M	511M	466M	359M	523M	664M	585M	552M	504M
Total current assets	1B	1.3B	1.4B	1.2B	978M	1.4B	1.8B	1.6B	1.6B	1.5B
Property, plant & equipment	778M	774M	782M	824M	762M	801M	717M	836M	933M	1B
Goodwill & intangibles	584M	582M	382M	372M	474M	480M	384M	388M	372M	378M
Total assets	3B	3.3B	3.2B	3B	2.8B	3.3B	3.5B	3.6B	3.7B	3.8B
Accounts payable	259M	339M	446M	390M	316M	480M	533M	438M	495M	459M
Short-term debt	8M	263M	284M	40M	21M	445M	354M	182M	53M	274M
Total current liabilities	397M	742M	952M	599M	529M	1.1B	1.1B	822M	772M	957M
Long-term debt	914M	661M	719M	1B	1.2B	801M	1.2B	1.2B	1.2B	941M
Total liabilities	1.7B	1.7B	2B	1.9B	2B	2.2B	2.5B	2.2B	2.1B	2.1B
Shareholders' equity	1.4B	1.6B	1.3B	1.1B	814M	1.1B	1B	1.4B	1.6B	1.7B
Total debt	922M	924M	1B	1.1B	1.2B	1.2B	1.5B	1.4B	1.2B	1.2B
Net debt	722M	644M	828M	895M	1.1B	1.1B	1.3B	1.1B	1B	957M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	238M	244M	206M	197M	223M	183M	213M	239M	258M	230M	252M	250M
Receivables	695M	726M	744M	732M	733M	677M	739M	689M	671M	616M	657M	731M
Inventory	585M	617M	551M	553M	552M	536M	541M	531M	504M	503M	522M	566M
Total current assets	1.6B	1.7B	1.6B	1.6B	1.6B	1.5B	1.6B	1.6B	1.5B	1.5B	1.5B	1.7B
Property, plant & equipment	836M	-2.5B	-2.5B	-2.5B	933M	-2.5B	-2.6B	-2.7B	1B	-2.7B	-2.8B	-2.8B
Goodwill & intangibles	388M	398M	392M	374M	372M	368M	366M	378M	378M	380M	378M	378M
Total assets	3.6B	3.7B	3.6B	3.6B	3.7B	3.6B	3.8B	3.8B	3.8B	3.8B	3.9B	4B
Accounts payable	438M	585M	587M	626M	495M	599M	577M	596M	459M	575M	598M	670M
Short-term debt	182M	214M	96M	57M	53M	109M	199M	110M	274M	272M	436M	445M
Total current liabilities	822M	830M	718M	717M	772M	747M	818M	740M	957M	874M	1.1B	1.1B
Long-term debt	1.2B	1.1B	1.1B	1.1B	1.2B	1.1B	1.1B	1.1B	941M	854M	863M	828M
Total liabilities	2.2B	2.2B	2.1B	2.1B	2.1B	2.1B	2.2B	2.2B	2.1B	2B	2.2B	2.2B
Shareholders' equity	1.4B	1.5B	1.5B	1.5B	1.6B	1.5B	1.6B	1.7B	1.7B	1.7B	1.7B	1.7B
Total debt	1.4B	1.3B	1.2B	1.1B	1.2B	1.2B	1.3B	1.2B	1.2B	1.1B	1.3B	1.3B
Net debt	1.1B	1.1B	978M	943M	1B	1B	1.1B	976M	957M	896M	1B	1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	162M	273M	-74M	186M	-221M	286M	243M	484M	424M	376M
Depreciation & amortization	161M	155M	149M	148M	158M	160M	146M	144M	151M	154M
Stock-based compensation	17M	16M	22M	11M	9M	21M	23M	20M	25M	24M
Change in working capital	63M	-66M	-86M	-49M	163M	-221M	-438M	103M	65M	58M
Operating cash flow	372M	344M	118M	266M	247M	276M	-70M	599M	691M	665M
Capital expenditure	-96M	-147M	-190M	-224M	-200M	-195M	-193M	-237M	-241M	—
Investing cash flow	-104M	-149M	-246M	-94M	-288M	-186M	-118M	-214M	-235M	-24M
Dividends paid	-65M	-77M	-80M	-80M	-80M	-80M	-84M	-88M	-93M	-96M
Share repurchases	-45M	-61M	-142M	-198M	-44M	-3M	-53M	-98M	-172M	-168M
Financing cash flow	-196M	-133M	-141M	-236M	-132M	-60M	145M	-600M	-543M	-386M
Net change in cash	72M	62M	-269M	-64M	-173M	30M	-43M	-215M	-87M	255M
Free cash flow	280M	201M	69M	139M	177M	62M	-111M	351M	451M	391M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	246M	61M	97M	120M	146M	104M	105M	113M	54M	82M	78M	14M
Depreciation & amortization	37M	41M	37M	36M	37M	37M	38M	39M	40M	41M	49M	50M
Stock-based compensation	5M	6M	7M	6M	6M	8M	6M	5M	5M	3M	4M	6M
Change in working capital	6M	-35M	25M	44M	31M	-28M	-79M	101M	64M	9M	-26M	-48M
Operating cash flow	141M	117M	183M	212M	179M	121M	78M	249M	219M	126M	77M	75M
Capital expenditure	-78M	-54M	-43M	-52M	-92M	-77M	-72M	—	—	—	—	—
Investing cash flow	-75M	-54M	-43M	-51M	-89M	-104M	-72M	-31M	5M	0	-66M	0
Dividends paid	-23M	-22M	-23M	-24M	-24M	-24M	-23M	-24M	-25M	-24M	-24M	-24M
Share repurchases	-50M	-33M	-24M	-49M	-66M	-42M	-47M	-40M	-39M	-52M	-49M	0
Financing cash flow	7M	-29M	-251M	-255M	-93M	-24M	17M	-194M	-185M	-92M	45M	-51M
Net change in cash	73M	34M	-111M	-94M	-3M	-7M	23M	24M	39M	34M	56M	24M
Free cash flow	60M	51M	133M	155M	112M	47M	-26M	215M	155M	57M	32M	37M

Date	Ratio
Mar 25, 1996	2:1
Aug 18, 1994	2:1
Nov 5, 1980	3:1

Cabot Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history