Stepan Company (SCL) 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	$0.61	$1.18	+93.4%	—	$684.1M	—
Q1 26	$0.39	$0.45	+15.4%	—	$604.5M	—
Q4 25	$0.21	$0.25	+19.0%	—	$553.9M	—
Q3 25	$0.62	$0.48	-22.6%	—	$590.3M	—
Q2 25	$0.9	$0.52	-42.2%	—	$594.7M	—
Q1 25	$0.6	$0.84	+40.0%	—	$593.3M	—
Q4 24	$0.33	$0.12	-63.6%	—	$525.6M	—
Q3 24	$0.65	$1.03	+58.5%	—	$546.8M	—
Q2 24	$0.67	$0.41	-38.8%	—	$556.4M	—
Q1 24	$0.35	$0.64	+82.9%	—	$551.4M	—
Q4 23	$0.37	$0.33	-10.8%	—	$532.1M	—
Q3 23	$0.76	$0.64	-15.8%	—	$562.2M	—
Q2 23	$1.17	$0.53	-54.7%	—	$580M	—
Q1 23	$0.94	$0.71	-24.5%	—	$651.4M	—
Q4 22	$0.56	$0.59	+5.4%	—	$627.2M	—
Q3 22	$1.61	$2.01	+24.8%	—	$719.2M	—

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	—	$2.05	—	—	$2.3B	—
FY24	—	$2.21	—	—	$2.2B	—
FY23	—	$1.77	—	—	$2.3B	—
FY22	—	$6.46	—	—	$2.8B

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	$1.9B	$1.9B	$2.3B	$2.8B	$2.3B	$2.2B	$2.3B
YoY change	-0.56%	+8.99%	+3.58%	-6.78%	+0.59%	+25.5%	+18.2%	-16.1%	-6.26%	+6.96%

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	1.9B	1.9B	2.3B	2.8B	2.3B	2.2B	2.3B
Cost of revenue	1.4B	1.6B	1.7B	1.5B	1.5B	2B	2.3B	2B	1.9B	2.1B
Gross profit	339.3M	346.2M	339.3M	339.7M	383.6M	395.8M	427.1M	277.6M	272.2M	269.9M
Gross margin	19.2%	18%	17%	18.3%	20.5%	16.9%	15.4%	11.9%	12.5%	11.6%
Research & development	55.8M	53.7M	54.3M	55M	58M	62.7M	66.6M	59M	55.7M	59.3M
Selling, general & administrative	131.8M	129.7M	135.6M	139.5M	142.9M	152.1M	161.2M	141.6M	143.9M	139.6M
Operating expenses	204.4M	188.3M	187.5M	210.4M	211.2M	221.1M	218.7M	204.6M	201.4M	200.5M
Operating income	134.9M	157.9M	151.9M	129.3M	172.4M	174.7M	208.4M	73M	70.8M	69.4M
Operating margin	7.64%	8.2%	7.62%	6.96%	9.22%	7.45%	7.51%	3.14%	3.25%	2.98%
Non-operating income, net	-7.9M	417K	-3.3M	2.5M	4.1M	3.6M	-9.9M	-12.5M	3.8M	12.6M
Pretax income	113.8M	146.9M	137.8M	125.9M	171.1M	172.5M	188.7M	48.4M	60.4M	59.9M
Income tax	27.6M	46.1M	26.7M	22.8M	43.4M	34.6M	41.5M	8.2M	10.1M	13M
Net income	86.2M	100.7M	111.1M	103.1M	127.7M	137.9M	147.2M	40.2M	50.4M	46.9M
Net margin	4.88%	5.23%	5.57%	5.55%	6.83%	5.88%	5.31%	1.73%	2.31%	2.01%
EBITDA	209.5M	238M	233.6M	213.4M	255.5M	267.1M	304.8M	182.2M	188.9M	199.5M
EPS	3.78	3.99	4.9	4.47	5.52	6.01	6.46	1.77	2.21	2.05
Diluted EPS	3.73	3.92	4.83	4.42	5.45	5.92	6.38	1.75	2.2	2.05

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	562.2M	532.1M	551.4M	556.4M	546.8M	525.6M	593.3M	594.7M	590.3M	553.9M	604.5M	684.1M
Cost of revenue	491M	465.7M	481.1M	486.9M	471.2M	468.9M	517.8M	522.8M	519.3M	502.4M	539.7M	584.1M
Gross profit	71.2M	66.4M	70.3M	69.6M	75.7M	56.7M	75.5M	71.9M	71M	51.5M	64.9M	100M
Gross margin	12.7%	12.5%	12.7%	12.5%	13.8%	10.8%	12.7%	12.1%	12%	9.3%	10.7%	14.6%
Research & development	14.5M	15.3M	14.3M	14.1M	13.5M	13.8M	14.6M	14.7M	14.2M	15.7M	15M	17.2M
Selling, general & administrative	34.7M	37.5M	34.1M	36M	37.6M	35.8M	33.5M	37.5M	34.2M	34.4M	33.5M	39.1M
Operating expenses	46.1M	57.6M	50.1M	50.5M	51.7M	48.6M	47.2M	53.9M	49.2M	50.2M	49M	57.7M
Operating income	25.1M	8.8M	20.2M	19.1M	23.9M	8M	28.3M	18M	21.8M	1.3M	15.8M	42.3M
Operating margin	4.47%	1.65%	3.66%	3.43%	4.38%	1.53%	4.77%	3.02%	3.69%	0.24%	2.62%	6.19%
Non-operating income, net	-6.3M	-10M	2.4M	783K	989K	-762K	502K	1.3M	1.5M	9.3M	-65.3M	-4.1M
Pretax income	15.8M	-3.7M	19.5M	17.2M	21.3M	2.5M	24.7M	13.8M	16.5M	4.9M	-54.5M	32.5M
Income tax	3.3M	-2.5M	5.6M	7.7M	-2.3M	-894K	5M	2.4M	5.7M	-65K	-13.1M	9.6M
Net income	12.6M	-1.2M	13.9M	9.5M	23.6M	3.4M	19.7M	11.3M	10.8M	5M	-41.4M	22.9M
Net margin	2.24%	-0.22%	2.52%	1.71%	4.32%	0.64%	3.32%	1.91%	1.84%	0.9%	-6.85%	3.35%
EBITDA	58.1M	36.2M	45.8M	46.3M	51.4M	45.8M	57.3M	48.2M	53.3M	40.7M	114.1M	77.4M
EPS	0.55	-0.05	0.61	0.42	1.03	0.15	0.86	0.5	0.47	0.22	-1.81	1
Diluted EPS	0.55	-0.05	0.61	0.42	1.03	0.15	0.86	0.5	0.47	0.22	-1.81	1

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	1.9B	1.8B	1.7B	2.4B	2.7B	2.8B	2.4B	2.2B	1.5B	1.1B	1.5B
Enterprise value	1.9B	1.8B	1.7B	2.3B	2.6B	3.1B	2.9B	2.7B	2.1B	1.6B	2.1B
Shares outstanding	22.8M	22.9M	23M	23.1M	22.9M	22.9M	22.8M	22.8M	22.8M	22.9M	22.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	21.5	18	15.3	22.9	21.5	20.7	16.5	53.6	29.3	23.1	25.4
P/S	1.05	0.94	0.85	1.27	1.46	1.21	0.87	0.93	0.68	0.46	0.6
P/B	2.92	2.45	2.11	2.65	2.77	2.65	2.08	1.77	1.26	0.87	1.21
EV/EBITDA	9.3	7.58	7.19	10.8	10.3	11.6	9.48	15	10.9	8.15	9.83
EV/Sales	1.1	0.94	0.84	1.24	1.41	1.33	1.04	1.18	0.95	0.7	0.85
Earnings yield	4.64%	5.56%	6.52%	4.37%	4.66%	4.84%	6.07%	1.87%	3.41%	4.33%	3.94%
FCF yield	5.87%	6.64%	4.96%	4.78%	4%	-4.29%	-5.81%	-3.97%	2.66%	2.34%	3.83%
PEG	—	—	—	—	—	—	—	—	—	—	0.25

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	19.2%	18%	17%	18.3%	20.5%	16.9%	15.4%	11.9%	12.5%	11.6%	14.6%
Operating margin	7.64%	8.2%	7.62%	6.96%	9.22%	7.45%	7.51%	3.14%	3.25%	2.98%	6.19%
Net margin	4.88%	5.23%	5.57%	5.55%	6.83%	5.88%	5.31%	1.73%	2.31%	2.01%	-0.11%
ROE	13.6%	13.6%	13.7%	11.6%	12.9%	12.8%	12.6%	3.3%	4.31%	3.77%	-0.22%
ROA	6.37%	6.85%	7.34%	6.53%	7.28%	6.68%	6.05%	1.7%	2.19%	1.99%	2.09%
ROIC	14%	14.8%	15.6%	12.8%	14.5%	10.5%	9.97%	3.37%	3.37%	3.04%	4.54%
Return on tangible assets	6.85%	7.28%	7.71%	6.89%	7.74%	7.88%	6.92%	1.95%	2.47%	2.24%	-0.12%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.31	2.46	2.46	2.41	2.17	1.82	1.56	1.4	1.21	1.29	1.15
Quick ratio	1.72	1.92	1.78	1.81	1.65	1.21	0.96	0.96	0.78	0.84	0.77
Debt / equity	0.5	0.39	0.34	0.28	0.25	0.39	0.55	0.59	0.58	0.54	0.58
Debt / assets	0.23	0.2	0.18	0.16	0.14	0.2	0.26	0.3	0.3	0.29	0.29
Net debt / EBITDA	0.44	-0.03	-0.1	-0.3	-0.39	0.98	1.52	3.2	3.09	2.72	2.03
Interest coverage	8.88	11.9	11.9	11.8	23.6	25.6	18.3	4.03	4.11	3.28	3.28
Effective tax rate	24.3%	31.4%	19.4%	18.1%	25.4%	20.1%	22%	16.9%	16.7%	21.7%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	77.5	83.9	86.6	80.6	81.5	102.3	121.7	102.1	95.5	102	106.3
EPS (basic)	3.78	3.99	4.9	4.47	5.52	6.01	6.46	1.77	2.21	2.05	2.05
EPS (diluted)	3.73	3.92	4.83	4.42	5.45	5.92	6.38	1.75	2.2	2.05	-0.12
Book value per share	27.9	32.3	35.1	38.7	43.1	46.9	51.2	53.4	51.2	54.4	53.3
FCF per share	4.79	5.24	3.67	4.9	4.77	-5.34	-6.18	-3.75	1.72	1.11	1.6
Cash per share	9.9	13	13	13.7	15.2	6.94	7.63	5.7	4.37	5.8	5
Capex per share	4.52	3.43	3.76	4.58	5.48	—	—	—	—	5.36	5.17

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	5.84%	4.08%	4.35%	5.68%	6.73%	—	—	—	—	5.25%	4.87%
Capex / operating cash flow	65.5%	46.9%	45.7%	47.5%	72.9%	—	—	—	—	82.8%	76.4%
Payout ratio	20.1%	18.8%	18.8%	22.4%	19.9%	20.4%	20.8%	81.8%	67.4%	74.7%	75.6%
Dividend yield	0.93%	1.04%	1.22%	0.98%	0.93%	0.99%	1.26%	1.53%	2.3%	3.23%	2.47%

Yield

2.47%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.395

ex-dividend Sep 1, 2026

Payout ratio

76%

of earnings

Dividend growth

7 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.395
Jun 1, 2026	$0.395
Mar 2, 2026	$0.395

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	$562.2M	$532.1M	$551.4M	$556.4M	$546.8M	$525.6M	$593.3M	$594.7M	$590.3M	$553.9M	$604.5M	$684.1M
YoY change	-21.8%	-15.2%	-15.4%	-4.06%	-2.74%	-1.23%	+7.59%	+6.88%	+7.94%	+5.38%	+1.9%	+15%

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	225.7M	298.9M	300.2M	315.4M	349.9M	159.2M	173.8M	129.8M	99.7M	132.7M
Receivables	263.4M	293.5M	280M	276.8M	301.3M	419.5M	436.9M	422.1M	388M	388M
Inventory	173.7M	172.7M	231.5M	203.6M	218.8M	305.5M	402.5M	265.6M	288.7M	298.8M
Total current assets	685.5M	788.7M	833.9M	818.8M	905.7M	913.4M	1B	851.9M	810.4M	859M
Property, plant & equipment	397.9M	394.6M	396.8M	453.9M	496.9M	659.4M	842.6M	942.3M	870.7M	827.1M
Goodwill & intangibles	95.3M	87.3M	74.4M	82.9M	104.1M	315.9M	307.9M	300M	268.1M	264.2M
Total assets	1.4B	1.5B	1.5B	1.6B	1.8B	2.1B	2.4B	2.4B	2.3B	2.4B
Accounts payable	158.3M	205M	206M	194.3M	236.8M	323.4M	375.7M	233M	258.8M	261.7M
Short-term debt	28.2M	22.5M	37.1M	23.6M	37.9M	40.7M	132.1M	252.9M	292.8M	285.7M
Total current liabilities	297.3M	320.3M	338.6M	339.1M	416.6M	500.5M	670.6M	607.9M	669M	666.5M
Long-term debt	288.9M	268.3M	239M	228.2M	212.4M	379.5M	505.6M	459.3M	390M	390.3M
Total liabilities	718M	729.9M	706.4M	686.9M	764M	991.4M	1.3B	1.1B	1.1B	1.1B
Shareholders' equity	635.9M	740.9M	808.2M	892.5M	988.4M	1.1B	1.2B	1.2B	1.2B	1.2B
Total debt	317M	290.8M	276.1M	251.8M	250.2M	420.2M	637.7M	712.2M	682.8M	676M
Net debt	91.3M	-8.1M	-24.1M	-63.6M	-99.7M	261.1M	463.9M	582.3M	583.2M	543.4M

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	105.5M	129.8M	125.8M	124.7M	147.3M	99.7M	107.5M	88.9M	118.5M	132.7M	140.8M	113.7M
Receivables	418.2M	422.1M	446.6M	437.3M	434.1M	388M	436.5M	442.2M	436.1M	388M	433.7M	492.3M
Inventory	284.5M	265.6M	257.1M	266M	296.7M	288.7M	309.3M	329.5M	324.3M	298.8M	289M	324.5M
Total current assets	849.4M	851.9M	869.8M	867.1M	918.2M	810.4M	897.2M	914.8M	929.1M	859M	906.2M	974.8M
Property, plant & equipment	1.2B	942.3M	1.3B	1.3B	1.3B	870.7M	1.3B	1.3B	1.3B	827.1M	1.2B	1.2B
Goodwill & intangibles	300.1M	300M	293.7M	284.1M	284.5M	268.1M	272M	283M	279.9M	264.2M	259.9M	255.7M
Total assets	2.3B	2.4B	2.4B	2.3B	2.4B	2.3B	2.4B	2.4B	2.4B	2.4B	2.3B	2.4B
Accounts payable	242.6M	233M	256.9M	251.2M	257.1M	258.8M	298.1M	281.8M	289.4M	261.7M	285.7M	321.7M
Short-term debt	227M	252.9M	245.9M	282.4M	339.8M	292.8M	328.5M	274.8M	298.4M	285.7M	323.3M	403.3M
Total current liabilities	582.1M	607.9M	628.9M	655.2M	721.3M	669M	739.5M	677.8M	713.9M	666.5M	720.5M	847M
Long-term debt	476M	459.3M	459.2M	431.4M	404.6M	390M	387.8M	433.3M	409.2M	390.3M	375.5M	289.1M
Total liabilities	1.1B	1.1B	1.2B	1.2B	1.2B	1.1B	1.2B	1.2B	1.2B	1.1B	1.1B	1.2B
Shareholders' equity	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B
Total debt	703M	712.2M	705M	713.7M	744.5M	682.8M	716.2M	708.1M	707.5M	676M	698.8M	692.4M
Net debt	597.5M	582.3M	579.3M	589M	597.2M	583.2M	608.8M	619.2M	589M	543.4M	558M	578.7M

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	86.2M	100.7M	111.1M	103.1M	127.7M	137.9M	147.2M	40.2M	50.4M	46.9M
Depreciation & amortization	75M	79M	81.1M	78.7M	81.9M	90.9M	94.7M	105.3M	112.2M	126M
Stock-based compensation	12.6M	7.2M	6.8M	8.9M	10.1M	11.7M	13.9M	5.7M	5.3M	6M
Change in working capital	-15.4M	-23.1M	-24.5M	34.4M	-45.5M	-185.9M	-123.1M	157M	-31.2M	10.7M
Operating cash flow	157.2M	167.7M	189.5M	222.3M	172.6M	23.1M	106.8M	331.7M	129.3M	147.9M
Capital expenditure	-103.1M	-78.6M	-86.6M	-105.6M	-125.8M	—	—	—	—	-122.5M
Investing cash flow	-130.5M	-82.7M	-107.8M	-112.7M	-139M	-182.3M	-6.5M	1.7M	5.8M	-89M
Dividends paid	-17.3M	-18.9M	-20.9M	-23.1M	-25.4M	-28.1M	-30.6M	-32.9M	-34M	-35M
Share repurchases	-2.4M	-6M	-15.5M	-13.2M	-15.3M	-17M	-24.9M	0	0	—
Financing cash flow	-33.8M	-53.9M	-55.8M	-93.5M	-67.9M	116M	165.4M	30.5M	-65.6M	-35.5M
Net change in cash	-7.1M	31.2M	25.9M	16.1M	-34.3M	-43.3M	265.7M	363.9M	69.5M	23.3M
Free cash flow	109.1M	120.3M	84.5M	112.9M	109.4M	-122.3M	-140.8M	-85.5M	39.3M	25.4M

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	12.6M	-1.2M	13.9M	9.5M	23.6M	3.4M	19.7M	11.3M	10.8M	5M	-41.4M	22.9M
Depreciation & amortization	26.3M	27M	27.6M	28M	28.1M	28.5M	29.3M	31.3M	32.7M	32.7M	32.9M	30.9M
Stock-based compensation	1.5M	2.1M	1.4M	1.6M	1.6M	867K	1.4M	1.7M	1.4M	1.5M	1.5M	2.1M
Change in working capital	51.6M	32.7M	-29.6M	-14.5M	-25.1M	38.1M	-71.4M	-4.2M	14.7M	71.5M	-39.6M	-94.7M
Operating cash flow	108.3M	70.3M	16.1M	29.1M	22.1M	61.9M	-19.9M	39.9M	69.8M	60M	16.9M	8.4M
Capital expenditure	—	—	—	—	—	—	—	—	-29.6M	-34.6M	-30.9M	-23.4M
Investing cash flow	0	0	5.7M	89K	0	0	6.3M	541K	-29.6M	-8M	-22.9M	-23.4M
Dividends paid	-8.2M	-8.4M	-8.4M	-8.4M	-8.4M	-8.7M	-8.7M	-8.7M	-8.7M	-8.9M	-9M	-9M
Share repurchases	0	0	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-41.8M	-108.5M	-20.8M	-7.6M	22.9M	-71.5M	22.7M	-50.7M	-29.2M	-37.7M	13.3M	-12.4M
Net change in cash	66.5M	-38.2M	971K	21.6M	45M	-9.6M	9.1M	-10.3M	11M	14.3M	7.3M	-27.4M
Free cash flow	16.4M	22.2M	11.4M	-208K	-4M	32.1M	-25.8M	-14.4M	40.2M	25.4M	-14M	-15M

Date	Ratio
Dec 17, 2012	2:1
Dec 16, 1994	2:1
Jan 3, 1989	2:1
Jan 4, 1982	2:1

Stepan Company 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