Element Solutions Inc. (ESI) 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 %
Q2 26	$0.43	$0.47	+9.3%	—	$977.9M	—
Q1 26	$0.38	$0.41	+7.9%	—	$840M	—
Q4 25	$0.36	$0.37	+2.8%	—	$676.2M	—
Q3 25	$0.4	$0.41	+2.5%	—	$656.1M	—
Q2 25	$0.36	$0.37	+2.8%	—	$625.2M	—
Q1 25	$0.33	$0.34	+3.0%	—	$593.7M	—
Q4 24	$0.35	$0.35	0.0%	—	$624.2M	—
Q3 24	$0.38	$0.39	+2.6%	—	$645M	—
Q2 24	$0.35	$0.36	+2.9%	—	$612.7M	—
Q1 24	$0.32	$0.34	+6.3%	—	$575M	—
Q4 23	$0.33	$0.32	-3.0%	—	$573.4M	—
Q3 23	$0.33	$0.36	+9.1%	—	$599.3M	—
Q2 23	$0.31	$0.31	0.0%	—	$586.1M	—
Q1 23	$0.29	$0.3	+3.4%	—	$574.4M	—
Q4 22	$0.28	$0.29	+3.6%	—	$573.8M	—
Q3 22	$0.36	$0.36	0.0%	—	$618.5M	—

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	—	$0.79	—	—	$2.6B	—
FY24	—	$1.01	—	—	$2.5B	—
FY23	—	$0.49	—	—	$2.3B	—
FY22	—	$0.76	—	—	$2.5B

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	$1.8B	$1.9B	$2B	$1.8B	$1.9B	$2.4B	$2.5B	$2.3B	$2.5B	$2.6B
YoY change	-30.4%	+6.13%	+4.39%	-6.38%	+0.97%	+29.5%	+6.23%	-8.48%	+5.3%	+3.84%

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	1.8B	1.9B	2B	1.8B	1.9B	2.4B	2.5B	2.3B	2.5B	2.6B
Cost of revenue	992.8M	1.1B	1.1B	1B	1.1B	1.4B	1.6B	1.4B	1.4B	1.5B
Gross profit	777.3M	813.8M	837.6M	788.3M	786M	960.8M	952.7M	918.5M	1B	1.1B
Gross margin	43.9%	43.3%	42.7%	42.9%	42.4%	40%	37.4%	39.4%	42.2%	42%
Research & development	45M	46.4M	44.3M	42.2M	48.6M	49.7M	48.8M	68.1M	63M	67.6M
Selling, general & administrative	596.3M	567.2M	544.8M	497M	504.7M	611.2M	578.6M	596.8M	628.8M	660.7M
Operating expenses	641.3M	613.6M	589.1M	539.2M	553.3M	660.9M	627.4M	664.9M	691.8M	728.3M
Operating income	136M	200.2M	248.5M	249.1M	232.7M	299.9M	325.3M	253.6M	343.9M	342.2M
Operating margin	7.68%	10.7%	12.7%	13.6%	12.6%	12.5%	12.8%	10.9%	14%	13.4%
Non-operating income, net	4.5M	-123.7M	9.3M	-17.5M	-88.2M	6M	-2.1M	-75.2M	100K	-23.2M
Pretax income	-231.8M	-260.4M	-53.2M	140.9M	81.1M	251.7M	272M	129.1M	287.7M	265.6M
Income tax	-41.3M	-68.6M	23.8M	61.3M	4.3M	48.3M	85.8M	13M	44.8M	74.6M
Net income	-76.7M	-295.6M	-319.9M	92.9M	75.7M	203.7M	188M	118.2M	244.5M	191M
Net margin	-4.33%	-15.7%	-16.3%	5.06%	4.08%	8.49%	7.37%	5.07%	9.95%	7.49%
EBITDA	302.2M	349.5M	408.7M	404.9M	397.1M	469.7M	492.6M	423.8M	503.8M	500.5M
EPS	-0.17	-1.04	-1.13	0.36	0.3	0.82	0.76	0.49	1.01	0.79
Diluted EPS	-0.65	-1.04	-1.13	0.35	0.3	0.82	0.76	0.49	1.01	0.79

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	599.3M	573.4M	575M	612.7M	645M	624.2M	593.7M	625.2M	656.1M	676.2M	840M	977.9M
Cost of revenue	357.4M	353.1M	330M	345.5M	377.5M	368.2M	343.2M	358.8M	379.1M	399.6M	517.3M	643.9M
Gross profit	241.9M	220.3M	245M	267.2M	267.5M	256M	250.5M	266.4M	277M	276.6M	322.7M	334M
Gross margin	40.4%	38.4%	42.6%	43.6%	41.5%	41%	42.2%	42.6%	42.2%	40.9%	38.4%	34.2%
Research & development	12.9M	13.8M	18.1M	15.6M	14.9M	14.4M	15.9M	16.2M	18.1M	17.4M	20.2M	19.5M
Selling, general & administrative	149.9M	151M	149.1M	155.4M	157.6M	166.7M	157.2M	155.9M	158.1M	189.5M	191.1M	200.8M
Operating expenses	162.8M	164.8M	167.2M	171M	172.5M	181.1M	173.1M	172.1M	176.2M	206.9M	211.3M	220.3M
Operating income	79.1M	55.5M	77.8M	96.2M	95M	74.9M	77.4M	94.3M	100.8M	69.7M	111.4M	113.7M
Operating margin	13.2%	9.68%	13.5%	15.7%	14.7%	12%	13%	15.1%	15.4%	10.3%	13.3%	11.6%
Non-operating income, net	-82.2M	-5.6M	5.6M	-7.7M	-3.6M	5.8M	52.7M	-18.1M	-32M	-25.8M	-7.2M	17.4M
Pretax income	-16.4M	37.6M	69.5M	74.2M	77.2M	66.8M	115.8M	63.3M	55.5M	31M	82.7M	107.1M
Income tax	15.3M	-40.4M	13.5M	-17.5M	36.8M	12M	17.8M	15.8M	16.2M	24.8M	26.7M	29.8M
Net income	-31.7M	77.2M	56M	93.3M	40.4M	54.8M	98M	47.5M	39.3M	6.2M	56M	77.3M
Net margin	-5.29%	13.5%	9.74%	15.2%	6.26%	8.78%	16.5%	7.6%	5.99%	0.92%	6.67%	7.9%
EBITDA	126.7M	99.2M	115.8M	123.6M	119.7M	144.7M	101.5M	137M	125.4M	136.6M	147.6M	169.1M
EPS	-0.13	0.32	0.23	0.39	0.17	0.23	0.4	0.2	0.16	0.03	0.23	0.32
Diluted EPS	-0.13	0.32	0.23	0.39	0.17	0.23	0.4	0.2	0.16	0.03	0.23	0.32

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	—	—	3B	—	4.4B	6B	4.5B	5.6B	6.2B	6B	8.6B
Enterprise value	—	—	8.1B	—	5.7B	7.6B	6.1B	7.2B	7.6B	7.1B	10.6B
Shares outstanding	243M	286.1M	288.2M	257.6M	248.8M	247.4M	245.1M	241.4M	242.1M	242M	242M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	58.3	29.5	23.7	47.3	25.2	31.7	47.3
P/S	—	—	1.52	—	2.38	2.5	1.75	2.39	2.51	2.37	2.71
P/B	—	—	1.36	—	1.9	2.4	1.9	2.38	2.57	2.25	3.03
EV/EBITDA	—	—	19.9	—	14.2	16.2	12.4	17.1	15.2	14.1	18.9
EV/Sales	—	—	4.14	—	3.05	3.17	2.39	3.1	3.11	2.77	3.38
Earnings yield	—	—	—	—	1.72%	3.39%	4.22%	2.12%	3.97%	3.16%	2.12%
FCF yield	—	—	-1.25%	—	5.6%	4.66%	5.56%	5.03%	4.77%	3.76%	0.59%
PEG	—	—	—	—	—	—	—	—	—	—	0.79

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	43.9%	43.3%	42.7%	42.9%	42.4%	40%	37.4%	39.4%	42.2%	42%	34.2%
Operating margin	7.68%	10.7%	12.7%	13.6%	12.6%	12.5%	12.8%	10.9%	14%	13.4%	11.8%
Net margin	-4.33%	-15.7%	-16.3%	5.06%	4.08%	8.49%	7.37%	5.07%	9.95%	7.49%	5.67%
ROE	-2.65%	-10.3%	-14.7%	4.19%	3.27%	8.15%	8%	5.04%	10.2%	7.1%	6.54%
ROA	-0.76%	-2.88%	-3.4%	2.15%	1.69%	3.96%	3.83%	2.38%	5.02%	3.74%	4.65%
ROIC	1.76%	2.49%	3.39%	3.95%	6.19%	5.92%	5.57%	5.7%	7.49%	6.64%	5.38%
Return on tangible assets	1.61%	-8.63%	-10.7%	-4.83%	-4.37%	-11.1%	-12.3%	-8.11%	-28.6%	-27.4%	-13.7%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.91	2.14	2.17	2.84	3.15	2.93	3.45	3.24	3.34	3.68	2.91
Quick ratio	1.53	1.97	2.01	2.16	2.5	2.26	2.61	2.43	2.7	3	2.11
Debt / equity	1.81	1.9	2.46	0.69	0.66	0.77	0.81	0.83	0.77	0.61	0.75
Debt / assets	0.52	0.53	0.57	0.36	0.34	0.37	0.39	0.39	0.38	0.32	0.37
Net debt / EBITDA	15.9	14.8	12.6	3.33	3.12	3.4	3.34	3.91	2.94	2.03	3.33
Interest coverage	0.38	0.23	0.83	2.55	2.28	5.64	6.31	3.62	6.11	5.97	4.85
Effective tax rate	0%	0%	0%	43.5%	5.3%	19.2%	31.5%	10.1%	15.6%	28.1%	35.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	7.28	6.57	6.8	7.13	7.45	9.7	10.4	9.67	10.1	10.5	13
EPS (basic)	-0.17	-1.04	-1.13	0.36	0.3	0.82	0.76	0.49	1.01	0.79	0.79
EPS (diluted)	-0.65	-1.04	-1.13	0.35	0.3	0.82	0.76	0.49	1.01	0.79	0.74
Book value per share	11.9	10	7.57	8.62	9.32	10.1	9.58	9.71	9.91	11.1	11.5
FCF per share	0.65	0.42	-0.13	0.55	0.99	1.13	1.01	1.16	1.21	0.94	0.56
Cash per share	1.74	0.9	0.81	0.74	1.17	1.33	1.08	1.2	1.48	2.59	0.79
Capex per share	0.04	0.06	0.01	0.02	0.01	0	0.02	0.01	0	0.26	0.35

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.53%	0.9%	0.21%	0.25%	0.09%	0%	0.19%	0.06%	0%	2.44%	2.75%
Capex / operating cash flow	-24.9%	-24.3%	-840%	1.61%	0.74%	0%	1.36%	0.55%	0%	21.5%	38.6%
Payout ratio	—	—	0%	0%	16.4%	30.4%	41.7%	65.5%	32%	40.7%	43.2%
Dividend yield	—	—	0%	—	0.28%	1.03%	1.76%	1.39%	1.27%	1.29%	0.91%

Yield

0.91%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.08

ex-dividend Sep 1, 2026

Payout ratio

43%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.08
Jun 1, 2026	$0.08
Mar 2, 2026	$0.08
Dec 1, 2025	$0.08
Sep 2, 2025	$0.08
Jun 2, 2025	$0.08
Mar 3, 2025	$0.08
Dec 2, 2024	$0.08

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$599.3M	$573.4M	$575M	$612.7M	$645M	$624.2M	$593.7M	$625.2M	$656.1M	$676.2M	$840M	$977.9M
YoY change	-3.1%	-0.07%	+0.1%	+4.54%	+7.63%	+8.86%	+3.25%	+2.04%	+1.72%	+8.33%	+41.5%	+56.4%

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	422.6M	258.4M	233.6M	190.1M	291.9M	330.1M	265.6M	289.3M	359.4M	626.5M
Receivables	1.1B	399.8M	382.4M	363.9M	403.4M	492.2M	455.8M	461.8M	439.6M	517.7M
Inventory	416.4M	186.4M	188.1M	199.6M	203.1M	274.4M	290.7M	298.9M	246.2M	294.7M
Total current assets	2.1B	2.3B	2.5B	833.4M	989.9M	1.2B	1.2B	1.2B	1.3B	1.6B
Property, plant & equipment	318.7M	192.8M	165.9M	151.3M	100.9M	116.1M	113.3M	128.4M	96.8M	104.8M
Goodwill & intangibles	14.8B	6.8B	6.4B	6.2B	6.2B	7B	6.4B	6.4B	5.7B	5.8B
Total assets	10.1B	10.3B	9.4B	4.3B	4.5B	5.1B	4.9B	5B	4.9B	5.1B
Accounts payable	383.6M	111.2M	100.9M	96.8M	95.6M	138.4M	132.2M	140.6M	121.3M	165.5M
Short-term debt	116.1M	10.1M	25.3M	23.9M	23.8M	31.4M	27.4M	26.5M	25.6M	16.5M
Total current liabilities	1.1B	1.1B	1.1B	293.8M	314.3M	415.2M	344.4M	369.4M	379.7M	429.9M
Long-term debt	5.1B	5.4B	5.4B	1.5B	1.5B	1.9B	1.9B	1.9B	1.8B	1.6B
Total liabilities	7.2B	7.4B	7.2B	2.1B	2.2B	2.6B	2.6B	2.6B	2.5B	2.4B
Shareholders' equity	2.9B	2.9B	2.2B	2.2B	2.3B	2.5B	2.3B	2.3B	2.4B	2.7B
Total debt	5.2B	5.4B	5.4B	1.5B	1.5B	1.9B	1.9B	1.9B	1.8B	1.6B
Net debt	4.8B	5.2B	5.1B	1.3B	1.2B	1.6B	1.6B	1.7B	1.5B	1B

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	329.6M	289.3M	286.3M	309.3M	376M	359.4M	499.2M	529.9M	594.3M	626.5M	177.3M	189.6M
Receivables	449.5M	461.8M	459M	480.7M	474.9M	439.6M	454.7M	496.7M	502.2M	517.7M	676.9M	711M
Inventory	322.8M	298.9M	319.1M	335.4M	285.7M	246.2M	269.9M	283.8M	290.9M	294.7M	421.6M	417.5M
Total current assets	1.3B	1.2B	1.2B	1.3B	1.4B	1.3B	1.4B	1.5B	1.5B	1.6B	1.5B	1.5B
Property, plant & equipment	113.3M	128.4M	110.8M	106.7M	98.5M	96.8M	93M	100.8M	96.6M	104.8M	169M	179.7M
Goodwill & intangibles	6.3B	6.4B	6.3B	6.2B	6B	5.7B	5.8B	5.9B	5.8B	5.8B	7.1B	7.1B
Total assets	5B	5B	4.9B	5B	5.1B	4.9B	4.8B	5B	5B	5.1B	5.7B	5.8B
Accounts payable	143.8M	140.6M	132.9M	146.2M	127.1M	121.3M	145.2M	148.3M	145.2M	165.5M	180.8M	186.4M
Short-term debt	11.5M	26.5M	11.5M	11.5M	11.5M	25.6M	—	—	—	16.5M	97.9M	62.9M
Total current liabilities	376.7M	369.4M	340.9M	372.2M	384M	379.7M	344.6M	354.9M	376.7M	429.9M	543.6M	523.8M
Long-term debt	2B	1.9B	1.9B	1.9B	1.9B	1.8B	1.6B	1.6B	1.6B	1.6B	2.1B	2.1B
Total liabilities	2.7B	2.6B	2.6B	2.6B	2.6B	2.5B	2.3B	2.4B	2.4B	2.4B	3B	3B
Shareholders' equity	2.2B	2.3B	2.3B	2.4B	2.5B	2.4B	2.5B	2.6B	2.7B	2.7B	2.7B	2.8B
Total debt	2B	1.9B	1.9B	1.9B	1.9B	1.8B	1.6B	1.6B	1.6B	1.6B	2.2B	2.1B
Net debt	1.7B	1.7B	1.6B	1.6B	1.6B	1.5B	1.1B	1.1B	1B	1B	2B	1.9B

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	-76.7M	-295.6M	-319.9M	92.9M	75.7M	203.4M	186.2M	116.1M	242.9M	191M
Depreciation & amortization	167.4M	156M	156.7M	154.7M	161.4M	163.9M	161.3M	166.7M	157.6M	151.2M
Stock-based compensation	—	—	15.4M	11.8M	6M	40.1M	17.7M	9.4M	14.8M	59.1M
Change in working capital	-40.2M	25.2M	-29.5M	-12M	-22.3M	-63.3M	-39.6M	-12.1M	-41.4M	-56.6M
Operating cash flow	-37.8M	-69.6M	-500K	286.1M	230.2M	315.4M	352.1M	252.4M	357.6M	289.8M
Capital expenditure	9.4M	16.9M	4.2M	4.6M	1.7M	0	4.8M	1.4M	0	-62.2M
Investing cash flow	-29.9M	-28.6M	29.6M	4.2B	-11.1M	-522.6M	-27.4M	-197.5M	-5.4M	284.6M
Dividends paid	—	—	0	0	-12.4M	-61.9M	-78.4M	-77.4M	-78.2M	-77.8M
Share repurchases	-460M	0	0	-507.1M	-55.7M	-19.6M	-151M	0	0	-25M
Financing cash flow	-130.5M	-300K	0	-4.4B	-123.6M	290M	-275.6M	-58.7M	-206.6M	-320.4M
Net change in cash	-198.2M	-98.5M	29.1M	76.6M	95.5M	82.8M	49.1M	-3.8M	145.6M	254M
Free cash flow	157.2M	120.2M	-37.1M	141.2M	247.2M	279.7M	248.1M	280.9M	293.6M	227.6M

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-31.7M	78M	56M	91.7M	40.4M	54.8M	98M	47.5M	39.3M	6.2M	56M	77.3M
Depreciation & amortization	44.5M	42M	40.3M	40.1M	39.4M	37.8M	37.2M	38.2M	38.6M	37.2M	42.5M	44.7M
Stock-based compensation	2.9M	-1.2M	4.1M	3.6M	3.8M	3.3M	5M	6.3M	4.5M	43.3M	8.1M	12.6M
Change in working capital	-10.9M	22.1M	-24.9M	-32.2M	-13.5M	29.2M	1.8M	-35.8M	-13.5M	-9.1M	-181.1M	-23.2M
Operating cash flow	-3.5M	95.5M	73.8M	67.1M	92.9M	123.8M	69.6M	128.4M	100.1M	91.1M	-66.6M	99.6M
Capital expenditure	900K	0	0	0	0	0	100K	600K	-16.5M	-17M	-25.1M	-27.9M
Investing cash flow	900K	-7.6M	-3.9M	0	0	4.9M	348.6M	3.2M	-18.3M	-340.7M	-889.3M	-29.5M
Dividends paid	-19.4M	-19.3M	-20M	-19.4M	-19.4M	-19.4M	-19.8M	-19.3M	-19.3M	-19.4M	-20.2M	-19.6M
Share repurchases	0	0	—	—	—	—	—	—	0	-5.6M	—	—
Financing cash flow	-22.7M	-133.3M	-32.7M	-21.4M	-28.2M	-124.3M	-227.3M	-19.3M	-15.1M	-39.3M	507.8M	-57.4M
Net change in cash	-25.3M	-45.4M	37.2M	45.7M	64.7M	4.4M	190.9M	112.3M	66.7M	-288.9M	-448.1M	12.7M
Free cash flow	74M	92.5M	39.2M	53.7M	85.9M	114.8M	15M	54.9M	83.6M	74.1M	-91.7M	71.7M

Element Solutions Inc. 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