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Ashland Inc. income statement

In fiscal 2025, Ashland Inc. reported revenue of $1.82bn, down 13.7% on the year before, operating income of −$775m (a -42.5% margin) and net income of −$845m, or −$18.23 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2014Sept 20142015Sept 20152016Sept 20162017Sept 20172018Sept 20182019Sept 20192020Sept 20202021Sept 20212022Sept 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Revenue6,1003,4203,0192,3092,5892,1482,0162,1112,3912,1912,1131,8241,842
Cost of revenue4,6052,5322,1321,5801,7261,4971,4171,4411,5611,5231,4951,2751,261
Gross profit1,516888887729863651599670830668618549581
Research and development114998773735856505551555455
Selling, general and administrative1,358692858610599426400358393365404344340
Operating income46112−504910286−461192333172−26−775137
Interest expense−163−166180227116114886962545361—
Net interest income−166−174−173−229−102−99−119−56−149−624−33−17
Income before tax−116−151−308−19611−9−577135206160−24−809126
Income tax−188−139−25−16−830−22−3825−8−2231351
Net income233309−291114505−508220927178169−84552
Diluted EPS$3.00$4.54−$0.47$0.01$1.79$8.15−$8.39$3.59$16.41$3.31$3.36−$18.23—
Diluted shares (average)78m68m63m62m64m62m61m61m56m54m50m46m—
EBITDA439418252314379363−226436574415248−538297

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Ashland Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ashland Inc.