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Element Solutions Inc (ESI) stock

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NYSE: ESI NYSE Specialty Chemicals Next results ~January 19, 2027

B Fundamentals grade

Element Solutions Inc is a US-listed company in the specialty chemicals industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$26

Cash-flow model

Base case. Range ~$18–$36 across our lower- and higher-growth cases (8%–18% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 33% above our base value.

Price used: $34.14, November 2, 2026

Element Solutions Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 5 selling0 purchases and 7 sales by directors and officers, last 12 monthsInsider trades
  • Funds263 adding, 212 cuttingOf 66 active managers that changed their stake, 29 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Element Solutions files

10-Q filed October 22: Element Solutions

Model value +6.2%

Revenue for the twelve months to September 2026 reached $3.49bn, up 39.6% on a year earlier and faster than the 26.6% posted a quarter earlier. That pace ranks 64 of 934 among the companies we cover. Margins told a different story. Free-cash-flow margin fell to 5.2% from 10.8%, while operating margin narrowed to 11.7% from 13.9%. On the back of this, our model value rises from $22.87 to $24.29 a share, still below the $33.11 share price. The rating stays Sell. At that price, our model implies the market is pricing in about 17.1% a year of cash-flow growth over five years, well ahead of the 7.8% a year revenue growth the company has delivered.

Source: 10-Q filed October 22, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Element Solutions stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.15bn, up 26.6% on a year earlier, faster than 13.0% a quarter earlier. That growth ranks 115 of 931 among all the companies we cover. Free-cash-flow margin fell to 4.4% from 10.9% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 2 financial-health checks. Our cash-flow model value is $23.58 a share, against a share price of $35.70. At that price, our model says the market is pricing in about 18.5% a year of cash-flow growth for five years, faster than the 5.6% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 19, 2027 (estimated)

Element Solutions Inc's trailing-twelve-month revenue grew 39.6% year on year, with a free-cash-flow margin of 5.2%. Where it stands out: change in growth rate of +13.0pp ranks 2 of 42 specialty chemicals companies we cover. Where it lags: long-term debt as % of assets of 35.0% ranks 30 of 36 specialty chemicals companies we cover.

Our discounted-cash-flow model values the business at ~$26 per share in the base case (~$18–$36 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 39.6% (+13.0pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 39.6% over the last 12 months, against a median of 6.0% for specialty chemicals companies we cover.
  • Growth speeding up. The growth rate is 13.0 points higher than a quarter earlier.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 5.8% over 90 days.

Things to watch

  • Priced above our value. The share price of $34.14 is 25% above our value per share of $26.
  • High earnings multiple. The shares trade at 40 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 47% and a beta of 2.2 against the S&P 500.
  • Insiders selling. 5 insiders sold $26M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Gross margin slipping. Gross margin is down 5.5 points on a year ago.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 35.0% ranks 30 of 36 specialty chemicals companies we cover (median 26.8%).

Latest results: FY2026 Q3

Filed October 22, 2026
Earnings per share
$0.50 against an average estimate of $0.48: beat by 4.9%
Revenue
$995m, up 51.7% on a year earlier
Share reaction
-7.2% in the first session after the results on October 21, 2026, against -0.7% for the S&P 500
Guidance given
adjusted EBITDA $720m (full year 2026); adjusted EPS growth growth 20% (full year 2026)
Next report
October 21, 2026; average EPS estimate $0.47

Element Solutions' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.4%
  • 1 week+1.8%
  • 1 month-10.0%
  • This year+37.5%
  • 1 year+29.0%
  • 5 years+43.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.5B
Operating margin
11.7%
Net margin
5.9%
EPS (TTM, diluted)
$0.84

Growth

Revenue growth
+39.6%
Change in growth rate
+13.0 pts
Share count change
+0.4%

Cash

Free cash flow (TTM)
$183M
FCF margin
5.2%
Stock pay % of revenue
2.2%

Earnings

Last results
October 21, 2026
Next results (est.)
January 19, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Guidance
  4. Results
  5. Agreement
  6. Deal
  7. Dividend
  8. Results
  9. Announcement
  10. Results
  11. Deal
  12. Leadership
  13. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Element Solutions Inc valuation models and calculator

What the price is pricing in

The share price implies about 17.2% a year of cash-flow growth for five years.That is faster than the 7.8% a year revenue growth Element Solutions has delivered.

  • Priced in17.2%
  • Last 12 months39.6%
  • 3 years a year14.4%
  • 5 years a year7.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($34.85, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$26
Price used
$34.85close November 3, 2026
Implied change
▼ 26%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Element Solutions Inc's free cash flow after stock-based pay with after-tax interest added back ($267M, FY2026 Q3 TTM), growing 14.6% and 11.4% in the next two years (forecasts, guidance and its record), then back to 13% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$18–~$36 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Element Solutions Inc's free cash flow after stock-based pay ( $267M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Element Solutions Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.11 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$26 ~$18–$36 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$6.3 ~$3.2–$8.4 Left out: out of range vs price (0.18x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$31 ~$25–$37 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$9.2 ~$6.6–$13 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$7.8 ~$6.9–$9.2 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$20 ~$7.8–$31 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Element Solutions Inc with Specialty Chemicals in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −31%
  • Revenue growth 5 points higher ▲ +39%
  • Free-cash-flow margin 1 point lower ▼ −25%
  • Last year's free-cash-flow margin change, if it persists ▼ −58%
  • Discount rate 1 point higher ▼ −21%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $8$14$21$31$44$61
8.5% $4$8$14$21$30$42
10% $2$5$9$15$22$31

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$11.86$9.07$9.17$9.55$10.80$16.45$22.79$17.34$22.41$24.94$24.83$34.14
Market value$2.4bn$2.5bn$2.6bn$2.8bn$2.8bn$4.1bn$5.6bn$4.3bn$5.4bn$6.1bn$6.0bn$8.3bn
+ Net debt (− = net cash)$4.9bn$4.8bn$5.2bn$5.2bn$1.4bn$1.2bn$1.6bn$1.6bn$1.7bn$1.5bn$1.0bn$1.9bn
Enterprise value$7.3bn$7.3bn$7.9bn$7.9bn$4.2bn$5.4bn$7.2bn$5.9bn$7.1bn$7.5bn$7.0bn$10.2bn
Multiples
Price / sales 0.9x0.7x0.7x1.4x1.5x2.2x2.4x1.7x2.3x2.5x2.4x2.4x
Price / earnings ————30.5x54.3x27.8x22.8x45.9x24.8x31.5x40.5x
Price / free cash flow 8.8x16.2x17.3x—19.9x16.6x20.2x17.2x19.3x20.6x26.4x45.4x
EV / EBITDA 22.7x29.7x22.1x19.5x10.3x13.6x15.6x12.1x20.8x15.0x14.2x19.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

61 /100

Moderate moat

How hard Element Solutions's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 8 / 20

    Cash operating profit has been a median 7.2% of total assets over 10 years.

  • Pricing power 13 / 20

    Gross margin has been a median 40.3%, moving by 3.3 percentage points (standard deviation) across 10 years.

  • Durability 7 / 20

    Operating margin has been a median 12.6%; its worst year was 3.9%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 10 of 10 years, at a median 10.5% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 2.0% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.84 +24% $3.8bn +49%
Next $2.17 +18% $4.1bn +8%

Next year's EPS estimate has moved +5.8% in 90 days, across 12 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.8% on 90 days ago. In the last 30 days, 1 analyst raised Element Solutions Inc's forecast and 0 cut it.

Consensus EPS forecast Element Solutions Inc, last 90 days
$1.70 $1.80 $1.90 $2.00 $2.10 $2.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.78 Current fiscal year, 60 days ago: $1.81 Current fiscal year, 30 days ago: $1.81 Current fiscal year, 7 days ago: $1.82 Current fiscal year, Now: $1.84 $1.84 Next fiscal year, 90 days ago: $2.05 Next fiscal year, 60 days ago: $2.08 Next fiscal year, 30 days ago: $2.11 Next fiscal year, 7 days ago: $2.13 Next fiscal year, Now: $2.17 $2.17

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.78$2.05
60 days ago $1.81$2.08
30 days ago $1.81$2.11
7 days ago $1.82$2.13
Now $1.84$2.17

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.48 $0.50 +4.9%
Jun 2026 $0.43 $0.47 +9.0%
Mar 2026 $0.38 $0.41 +7.1%
Dec 2025 $0.36 $0.37 +2.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 21, 2026
  • adjusted EPS growth full year 2026 about 20% growth Non-GAAP Maintained vs about 20
    “This should translate to adjusted EPS growth in excess of 20% for the full year, driven by sustained momentum in Electronics and meaningful contributions from our recent acquisitions.” source
  • adjusted EBITDA full year 2026 about $720m Non-GAAP Raised
    “Our standalone, independent trajectory has only improved, and, as a result, we are raising our 2026 adjusted EBITDA guidance to approximately $720 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Element Solutions Inc's revenue by +14.6% next year and +11.4% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+15.3%, weight 68%) and the company's own record (+13.0%, weight 32%) . How the weights are set.

Analyst recommendations

12 analysts, Oct 2026
Buy1192%
Hold18%
Sell00%

Monthly trend

  1. Oct 202629112
  2. Sep 202619111
  3. Aug 20261618
  4. Jul 20261528

Counts of recommendations published by analysts covering Element Solutions Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.8%
of tradable shares
Days to cover
2.08
at average volume
Short interest, 1 month
+25%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
6.6%
of shares
Employees
5,200
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +29.0%

$26.47 on October 31, 2025 to $34.14

ThenNowEffect
Revenue (last 12 months) $2.5bn $3.2bn +26.6%
Net margin 9.7% 5.7% −41.3%
P/E multiple 26.7x 46.5x +73.9%
Share count 243m 243m −0.1%

Biggest factor: p/e multiple.

Last 3 years +82.4%

$18.72 on November 3, 2023 to $34.14

ThenNowEffect
Revenue (last 12 months) $2.4bn $3.2bn +33.9%
Net margin 5.9% 5.7% −3.8%
P/E multiple 32.7x 46.5x +41.9%
Share count 243m 243m −0.2%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ESI+39%−24%+29%+11%−0%+38%
Industry peers (median)+17%−26%−9%+6%−15%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ESI67%42%50%50%58%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ESI−16%−35%−19%−15%−36%−35%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 60% from December 23, 2015 to February 11, 2016. Getting back needed a 148% gain, reached on April 24, 2017, 438 days after the low.

Price behaviour

52-week range
$22.77 – $48.98
From 52-week high
−30.3%
vs 50-day average
−3.0%
vs 200-day average
−7.3%
Volatility (1 year)
47%
Beta vs S&P 500
2.17

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±3.9%
After a week
8 up, 4 down
typical move ±4.1%
After a month
6 up, 5 down
typical move ±4.6%
Results releasedNext dayS&P 500 next day5 days21 days
October 21, 2026 −7.2% −0.7% +0.3% —
July 27, 2026 −2.5% +0.3% +0.7% −5.2%
April 28, 2026 +5.4% −0.5% +9.0% +3.8%
February 17, 2026 +4.1% +0.7% +13.4% −2.1%
October 28, 2025 −0.2% +0.3% +2.1% −2.1%
July 30, 2025 −0.5% −0.5% −2.3% +9.2%
April 23, 2025 +8.8% +3.7% +8.2% +14.4%
February 18, 2025 +5.4% +0.5% +0.6% +0.5%
October 28, 2024 +2.7% +0.5% +1.6% +6.2%
July 29, 2024 −3.1% −0.4% −9.4% −3.0%
April 29, 2024 −3.0% −1.2% 0.0% −0.4%
February 20, 2024 −3.6% −0.5% −1.9% +3.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Element Solutions Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Element Solutions Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Element Solutions Inc
$2B $2.5B $3B $3.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2.3B Revenue (TTM), FY24 Q1: $2.3B Revenue (TTM), FY24 Q2: $2.4B Revenue (TTM), FY24 Q3: $2.4B Revenue (TTM), FY24 Q4: $2.5B Revenue (TTM), FY25 Q1: $2.5B Revenue (TTM), FY25 Q2: $2.5B Revenue (TTM), FY25 Q3: $2.5B Revenue (TTM), FY25 Q4: $2.6B Revenue (TTM), FY26 Q1: $2.8B Revenue (TTM), FY26 Q2: $3.2B Revenue (TTM), FY26 Q3: $3.5B $3.5B

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $2.3B
FY24 Q1 $2.3B
FY24 Q2 $2.4B
FY24 Q3 $2.4B
FY24 Q4 $2.5B
FY25 Q1 $2.5B
FY25 Q2 $2.5B
FY25 Q3 $2.5B
FY25 Q4 $2.6B
FY26 Q1 $2.8B
FY26 Q2 $3.2B
FY26 Q3 $3.5B
Revenue growth, TTM YoY Element Solutions Inc
-20% 0% 20% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -8.5% Revenue growth, TTM YoY, FY24 Q1: -4.5% Revenue growth, TTM YoY, FY24 Q2: 0.3% Revenue growth, TTM YoY, FY24 Q3: 3.1% Revenue growth, TTM YoY, FY24 Q4: 5.3% Revenue growth, TTM YoY, FY25 Q1: 6.1% Revenue growth, TTM YoY, FY25 Q2: 5.4% Revenue growth, TTM YoY, FY25 Q3: 3.9% Revenue growth, TTM YoY, FY25 Q4: 3.8% Revenue growth, TTM YoY, FY26 Q1: 13.0% Revenue growth, TTM YoY, FY26 Q2: 26.6% Revenue growth, TTM YoY, FY26 Q3: 39.6% 39.6%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -8.5%
FY24 Q1 -4.5%
FY24 Q2 0.3%
FY24 Q3 3.1%
FY24 Q4 5.3%
FY25 Q1 6.1%
FY25 Q2 5.4%
FY25 Q3 3.9%
FY25 Q4 3.8%
FY26 Q1 13.0%
FY26 Q2 26.6%
FY26 Q3 39.6%
Operating margin (TTM) Element Solutions Inc
6% 8% 10% 12% 14% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 7.4% Operating margin (TTM), FY24 Q1: 7.9% Operating margin (TTM), FY24 Q2: 9.7% Operating margin (TTM), FY24 Q3: 13.5% Operating margin (TTM), FY24 Q4: 14.0% Operating margin (TTM), FY25 Q1: 13.9% Operating margin (TTM), FY25 Q2: 13.7% Operating margin (TTM), FY25 Q3: 13.9% Operating margin (TTM), FY25 Q4: 13.4% Operating margin (TTM), FY26 Q1: 13.4% Operating margin (TTM), FY26 Q2: 12.6% Operating margin (TTM), FY26 Q3: 11.7% 11.7%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 7.4%
FY24 Q1 7.9%
FY24 Q2 9.7%
FY24 Q3 13.5%
FY24 Q4 14.0%
FY25 Q1 13.9%
FY25 Q2 13.7%
FY25 Q3 13.9%
FY25 Q4 13.4%
FY26 Q1 13.4%
FY26 Q2 12.6%
FY26 Q3 11.7%
FCF margin (TTM) Element Solutions Inc
4% 6% 8% 10% 12% 14% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 12.0% FCF margin (TTM), FY24 Q1: 11.8% FCF margin (TTM), FY24 Q2: 11.0% FCF margin (TTM), FY24 Q3: 11.3% FCF margin (TTM), FY24 Q4: 11.9% FCF margin (TTM), FY25 Q1: 10.9% FCF margin (TTM), FY25 Q2: 10.9% FCF margin (TTM), FY25 Q3: 10.8% FCF margin (TTM), FY25 Q4: 8.9% FCF margin (TTM), FY26 Q1: 4.3% FCF margin (TTM), FY26 Q2: 4.4% FCF margin (TTM), FY26 Q3: 5.2% 5.2%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 12.0%
FY24 Q1 11.8%
FY24 Q2 11.0%
FY24 Q3 11.3%
FY24 Q4 11.9%
FY25 Q1 10.9%
FY25 Q2 10.9%
FY25 Q3 10.8%
FY25 Q4 8.9%
FY26 Q1 4.3%
FY26 Q2 4.4%
FY26 Q3 5.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Element Solutions took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $2.6B
  2. Cost of revenue $1.5B · 58.0%
  3. Gross profit $1.1B · 42.0%
  4. Research and development $67.6M · 2.6%
  5. Selling, general and admin $661M · 25.9%
  6. Operating income $342M · 13.4%
  7. Income tax $74.6M · 2.9%
  8. Interest and other $76.8M · 3.0%
  9. Net income $191M · 7.5%

Shares of revenue. Source: Element Solutions's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

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

Fiscal year 2012 Dec 2012 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 731 843 2,542 3,586 3,776 1,961 1,836 1,854 2,400 2,549 2,333 2,457 2,551 3,489
Gross profit — 397 992 777 814 838 788 786 961 953 919 1,036 1,071 1,276
EBITDA 204 98 323 245 356 405 404 394 464 487 340 502 493 518
Operating income 162 10 72 89 200 249 249 233 300 325 174 344 342 409
Net income 46 −30 −309 −74 −296 −324 92 76 203 187 118 244 191 205
Diluted EPS — −$1.94 −$1.52 −$0.65 −$1.04 −$1.13 $0.35 $0.30 $0.82 $0.76 $0.49 $1.01 $0.79 $0.84
Growth (year on year)
Revenue — +15.3% +201.5% +41.0% +5.3% −48.1% −6.4% +1.0% +29.5% +6.2% −8.5% +5.3% +3.8% +39.6%
EBITDA — −52.3% +230.9% −24.0% +45.3% +13.8% −0.3% −2.4% +17.7% +4.9% −30.1% +47.4% −1.6% +17.3%
Operating income — −94.1% — +24.9% +123.9% +24.1% +0.2% −6.6% +28.9% +8.5% −46.6% +98.1% −0.5% +17.6%
Net income — −164.6% — — — — — −17.9% +168.6% −7.9% −36.9% +106.8% −21.9% −14.4%
Diluted EPS — — — — — — — −14.3% +173.3% −7.3% −35.5% +106.1% −21.8% −14.7%
Margins
Gross margin — 47.0% 39.0% 21.7% 21.6% 42.7% 42.9% 42.4% 40.0% 37.4% 39.4% 42.2% 42.0% 36.6%
EBITDA margin 28.0% 11.6% 12.7% 6.8% 9.4% 20.7% 22.0% 21.3% 19.3% 19.1% 14.6% 20.4% 19.3% 14.9%
Operating margin 22.2% 1.1% 2.8% 2.5% 5.3% 12.7% 13.6% 12.6% 12.5% 12.8% 7.4% 14.0% 13.4% 11.7%
Net margin 6.3% −3.5% −12.1% −2.1% −7.8% −16.5% 5.0% 4.1% 8.5% 7.3% 5.1% 9.9% 7.5% 5.9%
Free-cash-flow margin — 9.5% 10.7% 4.2% 4.0% −1.5% 7.7% 13.3% 11.7% 9.7% 12.0% 11.9% 8.9% 5.2%
Cash flow
Cash from operations — 98 321 185 182 −1 171 276 326 296 334 362 290 283
Capital spending — 19 48 33 31 28 30 29 46 48 53 68 62 100
Free cash flow — 80 273 152 151 −29 141 247 280 248 281 294 228 183
Stock-based pay 0 1 1 7 12 15 12 6 40 18 9 15 59 76
Free cash flow after stock pay — 79 272 145 140 −45 129 241 240 230 272 279 169 107
Balance sheet
Cash 143 397 432 423 258 234 190 292 330 266 289 359 627 225
Total debt 0 1,416 5,343 5,239 5,505 5,402 1,543 1,535 1,930 1,914 1,950 1,839 1,636 2,082
Net debt (negative = net cash) −143 1,019 4,911 4,816 5,247 5,169 1,352 1,243 1,600 1,648 1,661 1,479 1,010 1,857
Diluted shares — 135m 203m 272m 286m 288m 260m 250m 248m 246m 242m 243m 242m 243m
Returned to shareholders
Dividends — — — — — 0 0 12 62 78 77 78 78 79
Buybacks — — — — 0 0 507 56 20 151 0 0 25 —
Total returned — — — — 0 0 507 68 82 229 77 78 103 79

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · September 30, 2026
What it owns · $5.9bn
Short-term assets $1.6bnLonger-term assets $4.3bn
What it owes, and who funded it · $5.8bn
Short-term liabilities $567mLonger-term liabilities $2.4bnShareholders' equity $2.9bn
  • Short-term assets cover short-term liabilities $1.6bn of assets due within a year against $567m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.6bn short-term assets against $2.4bn of longer-dated liabilities.
  • More cash than debt $225m of cash against $2.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 72% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 76% to 72% over five years.
  • A year's operating cash flow covers at least 20% of debt $283m of operating cash flow against $2.1bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Element Solutions Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$78.7M
Buybacks, last 3 fiscal years
$25M
Diluted share count
+0.4%
year over year
Total shareholder yield
0.9%
dividends 0.9% + buybacks 0.0% of market value
Dividend payout ratio
38%
of net income paid out
R&D spending
2.3%
of revenue
Sales & admin spending
22.6%
of revenue
Days sales outstanding
77 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in specialty chemicals
Last 12 months unless stated ESI FUL CBT AVNT NEU SCL Median
Revenue, last 12 months $3.5bn $3.6bn $3.6bn $3.3bn $2.8bn $2.4bn $906m
Revenue growth, last 12 months 39.6% 1.5% −4.7% 2.4% 0.9% 7.6% 5.4%
Revenue growth, 3-year average 14.4% −0.1% −3.8% 0.5% 0.4% −1.9% 0.9%
Revenue growth, latest quarter 51.7% 5.2% 6.4% 5.8% 3.8% 15.0% 8.3%
Gross margin 36.6% 32.3% 22.7% 31.7% 31.7% 11.8% 28.8%
Operating margin 11.7% 9.5% 13.6% 9.5% 20.2% 0.8% 4.3%
Operating margin, 3-year average 13.0% 9.9% 15.2% 8.4% 20.3% 2.3% 5.5%
Net margin 5.9% 5.6% 5.2% 5.1% 16.5% −0.1% 0.8%
Cash from operations / revenue 8.1% 8.1% 13.7% 9.0% 18.1% 6.4% 6.9%
Free-cash-flow margin 5.2% 2.8% 7.7% 5.7% 13.8% 1.5% 4.3%
Free-cash-flow margin, 3-year average 9.1% 4.5% 9.0% 5.1% 16.4% 1.1% 5.1%
Stock pay / revenue 2.2% 0.7% 0.5% 0.3% 0.1% 0.3% 1.0%
Change in share count 0.4% −0.9% −3.7% 0.2% −1.9% −0.0% 0.1%

Median of all 42 companies we cover in specialty chemicals. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

42 specialty chemicals companies
Measure Company Peer median Rank
Revenue growth Growth 39.6% 6.0% 5 of 42
Change in growth rate Growth +13.0pp +1.3pp 2 of 42
Gross margin Profitability 36.6% 31.5% 10 of 40
Operating margin Profitability 11.7% 3.8% 8 of 39
Net margin Profitability 5.9% 1.7% 12 of 42
Free-cash-flow margin Cash generation 5.2% 4.8% 19 of 42
Stock pay as % of revenue Cash generation 2.2% 1.0% 26 of 36
Long-term debt as % of assets Balance sheet 35.0% 26.8% 30 of 36
Change in share count Balance sheet 0.4% 0.0% 21 of 37
Days sales outstanding Balance sheet 77 days 59 days 23 of 30

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Electronics $1.8B 70.0% ▲ 14.4%
Specialties $765M 30.0% ▼ 14.6%
Geography
Region Revenue Share YoY
Other Countries $1.5B 57.6% ▲ 4.1%
China $558M 21.9% ▲ 16.5%
United States $524M 20.6% ▼ 7.4%

From Element Solutions Inc's 10-K filed February 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$12.1B
Institutions reporting
497
Shares held vs prior quarter
▲ 0.8%
Positions opened / closed
89 / 37

Top buyers and sellers, Q2 2026: 263 institutions bought and 212 sold ; the biggest buyer was Invesco Ltd (+3.6M shares) and the biggest seller FMR LLC (−3.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.3B 27.6M 10.9% ▲ 1.3%
FMR LLC $835M 17.5M 6.9% ▼ 15.5%
Vanguard Portfolio Management LLC $635M 13.3M 5.2% ▼ 2.7%
Invesco Ltd. $603M 12.6M 5.0% ▲ 40.5%
Vanguard Capital Management LLC $498M 10.4M 4.1% ▼ 2.8%
T. Rowe Price Investment Management, Inc. $400M 8.4M 3.3% ▼ 7.2%
State Street Corp $363M 7.6M 3.0% ▲ 3.9%
Dimensional Fund Advisors LP $324M 6.8M 2.7% ▼ 19.9%
Fil Ltd $321M 6.7M 2.7% ▼ 16.7%
Geode Capital Management, LLC $296M 6.2M 2.4% ▲ 18.8%
Neuberger Berman Group LLC $276M 5.8M 2.3% ▼ 27.5%
Silvercrest Asset Management Group LLC $181M 3.8M 1.5% ▼ 13.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Element Solutions Inc's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $25.7M 7 trades by 5 insiders · 0% under pre-set plans
Net ▼ $25.7M net selling
Insider Date Trade Shares Price Value
Gliklich Benjamin CEO February 24, 2026 Sell 170,000 $37.30 $6.3M
Dorman Carey J. Pdt Enterprise Ops and CFO February 23, 2026 Sell 97,500 $34.87 $3.4M
Oneal E Stanley Director February 20, 2026 Sell 28,538 $35.52 $1M
Oneal E Stanley Director February 20, 2026 Sell 28,539 $35.52 $1M
Oneal E Stanley Director February 20, 2026 Sell 143,564 $35.52 $5.1M
Liebowitz Matthew President, Specialties December 12, 2025 Sell 37,000 $26.60 $984,200
Ashken Ian G H Director November 5, 2025 Sell 292,000 $27.00 $7.9M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 12 trades and filings

No trades in Element Solutions Inc disclosed in the last 12 months; 12 earlier trades on record.

  • Susie Lee(D-NV 3):Sale (full), $1,001 - $15,000, traded November 30, 2022, filed December 29, 2022
  • Susie Lee(D-NV 3):Purchase, $1,001 - $15,000, traded September 24, 2021, filed October 12, 2021
  • Greg Gianforte(MT):Purchase, $15,001 - $50,000, traded June 23, 2020, filed July 1, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 19, 2027 estimated from the company's past filing pattern, not announced

  • October 21, 2026
  • July 27, 2026
  • April 28, 2026
  • February 17, 2026
  • October 28, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Element Solutions Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Element Solutions Inc in brief

What does Element Solutions Inc do?
Element Solutions Inc is a US-listed company in the specialty chemicals industry. Its financial year ends in December.
What is Element Solutions Inc's stock ticker?
Element Solutions Inc trades under the ticker ESI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Element Solutions Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Element Solutions Inc reported revenue of $3.5B, 39.6% higher than a year earlier, according to its SEC filings.
What is Element Solutions Inc's free cash flow?
Element Solutions Inc's free-cash-flow margin is 5.2% of revenue over the trailing twelve months, ranking 19 of the 42 specialty chemicals companies we cover.
What is Element Solutions Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Element Solutions Inc's free cash flow after stock-based pay gives ~$26 per share in the base case, and ~$18–$36 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Element Solutions Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Element Solutions Inc's market cap?
On November 2, 2026, Element Solutions Inc's market capitalisation was about $8.3B, with a price-to-earnings ratio of 40.5 and net debt of $1.9B. Market figures come from third-party market data and may be delayed.
Does Element Solutions Inc pay a dividend?
Yes: Element Solutions Inc paid $78.7M in dividends over the trailing twelve months, a dividend yield of 0.95% and a payout ratio of 38.4%.
How much debt does Element Solutions Inc have?
Element Solutions Inc's debt-to-equity ratio is 71.5%, from its latest balance sheet (75.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Element Solutions Inc's competitors?
In our Specialty Chemicals peer group, the companies closest to Element Solutions Inc are Fuller H B Co, Cabot Corp, Avient Corp, Newmarket Corp and Stepan Co. The side-by-side comparison below sets their revenue, margins and growth against Element Solutions Inc's.
Are insiders buying or selling Element Solutions Inc stock?
Over the last 12 months, Element Solutions Inc's directors and officers reported 0 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is Element Solutions Inc's next earnings date?
Around January 19, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Element Solutions Inc announces its own schedule.