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How Ashland (ASH) Makes Money: A Visual Guide

Ashland (ASH) generated $1.81B in revenue but reported a net loss of $706.00M. Its largest revenue source is Specialty Additives (32.5% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

In TTM through Q1 2026, Ashland (ASH) generated revenue across 4 reportable product segments; the largest contributor was Specialty Additives at 32.5%, followed by Life Sciences (32%) and Personal Care And Household (26.3%). Geographically, Non-US accounted for 70.5% of revenue, followed by UNITED STATES (29.5%).

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

Calculated from the four most recent reported quarters, ending (reported ).

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

Revenue contribution by product segment for Ashland (ASH) in TTM through Q1 2026.

  • Specialty Additives

    Revenue
    $587.78M
    % of total
    32.5%
  • Life Sciences

    Revenue
    $579.22M
    % of total
    32%
  • Personal Care And Household

    Revenue
    $476.50M
    % of total
    26.3%
  • Intermediates And Solvents

    Revenue
    $165.49M
    % of total
    9.1%
  • Total

    Revenue
    $1.81B
    % of total
    100%

Ashland (ASH) Revenue by Geography — FY 2024 (period end September 30, 2024)

Quarterly geographic data is unavailable for this period, so the table reflects the company's last annual disclosure (FY 2024 (period end September 30, 2024)). The income statement above uses TTM through Q1 2026, so regional dollars and percentages will not match line-for-line.

Revenue contribution by geographic region for Ashland (ASH), FY 2024 (period end September 30, 2024).

  • Non-US

    Revenue
    $1.49B
    % of total
    70.5%
  • UNITED STATES

    Revenue
    $624.00M
    % of total
    29.5%
  • Total

    Revenue
    $2.11B
    % of total
    100%

Frequently asked questions

How does Ashland (ASH) make money?

Ashland (ASH) primarily makes money through Specialty Additives, which accounts for 32.5% of total revenue. For TTM through Q1 2026, Ashland generated $1.81B in total revenue with a net profit margin of -39%.

What is Ashland (ASH) gross profit margin?

Ashland (ASH) reported a gross profit margin of 25.2% for TTM through Q1 2026, equivalent to $456.00M in gross profit. This means Ashland retains 25.2% of each revenue unit after direct costs of production.

What is Ashland (ASH) operating profit margin?

Ashland (ASH) reported an operating profit margin of 4.3% for TTM through Q1 2026, equivalent to $78.00M 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 -39% for TTM through Q1 2026, equivalent to −$706.00M 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 Q1 2026 (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 $71.00M on capital expenditures in TTM through Q1 2026 (3.9% 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 $334.00M in free cash flow for TTM through Q1 2026 (18.5% 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.

What are Ashland (ASH) main revenue segments?

Ashland (ASH) reports revenue across 4 reportable product segments, led by Specialty Additives at 32.5% of total revenue in TTM through Q1 2026. The full segment-by-segment breakdown is shown in the revenue-by-segment table on this page.

Where does Ashland (ASH) generate most of its revenue?

Geographically, 70.5% of Ashland (ASH) revenue came from Non-US in the most recent annual filing. The full regional split is shown in the revenue-by-geography table on this page.

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.

Where do segment and geographic numbers come from?

Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).

When was this data last updated?

Based on company filings through TTM through Q1 2026.

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