How does Ashland (ASH) make money?

Ashland (ASH) generates revenue primarily from Specialty Additives, which accounted for 32.5% of total revenue in TTM through Q1 2026. The company reported $1.81B in revenue and converted -39% of it into net profit, equivalent to roughly −$706.00M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Ashland (ASH)?

Ashland (ASH) reported a gross profit margin of 25.2% in TTM through Q1 2026, equivalent to $456.00M in gross profit on $1.81B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Ashland (ASH)?

Ashland (ASH) reported an operating profit margin of 4.3% in TTM through Q1 2026, equivalent to $78.00M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Ashland (ASH)?

Ashland (ASH) reported a net profit margin of -39% in TTM through Q1 2026, equivalent to −$706.00M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Ashland (ASH) profitable?

Ashland (ASH) reported a net loss of $706.00M for TTM through Q1 2026, a net profit margin of -39%. Combined operating expenses, interest, and income taxes exceeded revenue, so the period closed in the red on a reported basis.

How much does Ashland (ASH) invest in research and development?

Ashland (ASH) invested $53.00M in research and development during TTM through Q1 2026, roughly 2.9% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Ashland (ASH) spend on capital expenditures?

Ashland (ASH) spent $71.00M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 3.9% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Ashland (ASH) generate?

Ashland (ASH) generated $334.00M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 18.5%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of Ashland (ASH)?

Ashland (ASH) reports revenue across 4 reportable product segments, led by Specialty Additives at 32.5% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Ashland Makes Money: 2026 Visual Revenue Map

Ashland (ASH) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 29, 2026).

Ashland discloses geographic revenue only in annual filings. to view the full breakdown.

Ashland (ASH) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Ashland (ASH) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Specialty Additives	$587.78M	32.5%
Life Sciences	$579.22M	32%
Personal Care And Household	$476.50M	26.3%
Intermediates And Solvents	$165.49M	9.1%
Total	$1.81B	100%

Specialty Additives$587.78M
Life Sciences$579.22M
Personal Care And Household$476.50M
Intermediates And Solvents$165.49M
Total$1.81B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Ashland (ASH) reports revenue across 4 operating segments; the largest segment was Specialty Additives at 32.5%, followed by Life Sciences (32%) and Personal Care And Household (26.3%).

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