How Ashland (ASH) Makes Money: A Visual Guide

Ashland (ASH) generated $1.81B in revenue (TTM through Q4 2025) but reported a net loss of $691.00M. Its largest revenue source is Life Sciences (32.4% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Ashland (ASH) Income Statement Flow

Frequently asked questions

How does Ashland (ASH) make money?

Ashland (ASH) primarily makes money through Life Sciences, which accounts for 32.4% of total revenue. For TTM through Q4 2025, Ashland generated $1.81B in total revenue with a net profit margin of -38.3%.

What is Ashland (ASH) gross profit margin?

Ashland (ASH) reported a gross profit margin of 28.7% for TTM through Q4 2025, equivalent to $518.00M in gross profit. This means Ashland retains 28.7% of each revenue unit after direct costs of production.

What is Ashland (ASH) operating profit margin?

Ashland (ASH) reported an operating profit margin of -33.3% for TTM through Q4 2025, equivalent to −$602.00M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Ashland (ASH) net profit margin?

Ashland (ASH) reported a net profit margin of -38.3% for TTM through Q4 2025, equivalent to −$691.00M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Ashland (ASH) invest in R&D?

Ashland (ASH) invested $53.00M in research and development in TTM through Q4 2025 (2.9% of total revenue). R&D spending reflects investment in future products, services, and technologies.

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

Ashland (ASH) spent $75.00M on capital expenditures in TTM through Q4 2025 (4.2% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Ashland (ASH) free cash flow?

Ashland (ASH) generated $290.00M in free cash flow for TTM through Q4 2025 (16.1% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

When was this data last updated?

Based on company filings through TTM through Q4 2025.