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AS

Ashland Inc.

ASHBasic MaterialsNASDAQ

Specialty Chemicals

PriceMA150MA200
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Financials · Annual
Revenue
$1.82B
-13.7% YoY
Net Income
-$845.0M
-600.0% YoY
EBITDA
-$511.0M
-268.6% YoY
Free Cash Flow
$207.8M

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About Ashland Inc.

Part of the basic materials sector, Ashland Inc. (ASH) is listed under Specialty Chemicals. At a $2.62B market cap, Ashland Inc. ranks as a mid-cap company within basic materials. It operates through Life Sciences, Personal Care, Specialty Additives, and Intermediates segments.

Key stats
Market Cap$2.62B
Fwd P/E13.08
EPS$-14.81
Beta0.40
52W Change+15.8%
Dividend Yield2.90%
ROE-31.0%
Analysis

On the balance sheet, ASH has $343.0M in cash with $1.48B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Annual free cash flow of $207.8M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of -31.0% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.0% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $2.39B (2022) to $1.82B (2025), a 24% decline worth watching.

With a beta below 0.7, Ashland Inc. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Ashland Inc.'s trajectory.

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