Element Solutions Inc income statement
In fiscal 2025, Element Solutions Inc reported revenue of $2.55bn, up 3.8% on the year before, operating income of $342m (a 13.4% margin) and net income of $191m, or $0.79 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
| Fiscal year | 2012Dec 2012 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | — | — | — | 993 | 1,065 | 1,123 | 1,048 | 1,068 | 1,439 | 1,597 | 1,415 | 1,421 | 1,481 | 2,214 |
| Gross profit | — | 397 | 992 | 777 | 814 | 838 | 788 | 786 | 961 | 953 | 919 | 1,036 | 1,071 | 1,276 |
| Research and development | — | 26 | 63 | 45 | 46 | 44 | 42 | 49 | 50 | 49 | 68 | 63 | 68 | 80 |
| Selling, general and administrative | — | 361 | 858 | 596 | 567 | 545 | 497 | 505 | 611 | 579 | 597 | 629 | 661 | 787 |
| Operating income | 162 | 10 | 72 | 89 | 200 | 249 | 249 | 233 | 300 | 325 | 174 | 344 | 342 | 409 |
| Net interest income | — | −38 | −214 | −372 | −337 | −311 | −91 | −63 | −54 | −51 | −49 | −56 | −53 | −81 |
| Income before tax | — | −31 | −229 | −232 | −260 | −53 | 141 | 81 | 252 | 272 | 129 | 288 | 266 | 314 |
| Income tax | 25 | −7 | 75 | −41 | −69 | 24 | 61 | 4 | 48 | 86 | 13 | 45 | 75 | 109 |
| 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 |
| Diluted shares (average) | — | 135m | 203m | 272m | 286m | 288m | 260m | 250m | 248m | 246m | 242m | 243m | 242m | 243m |
| EBITDA | 204 | 98 | 323 | 245 | 356 | 405 | 404 | 394 | 464 | 487 | 340 | 502 | 493 | 518 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 624 | 594 | 625 | 656 | 676 | 840 | 978 | 995 |
| Cost of revenue | 368 | 343 | 359 | 379 | 400 | 517 | 644 | 653 |
| Gross profit | 256 | 251 | 266 | 277 | 277 | 323 | 334 | 342 |
| Research and development | 14 | 16 | 16 | 18 | 17 | 20 | 20 | 23 |
| Selling, general and administrative | 167 | 157 | 156 | 158 | 190 | 191 | 201 | 206 |
| Operating income | 75 | 77 | 94 | 101 | 70 | 111 | 114 | 114 |
| Net interest income | −14 | −14 | −13 | −13 | −13 | −22 | −24 | −23 |
| Income before tax | 67 | 116 | 63 | 56 | 31 | 83 | 107 | 93 |
| Income tax | 12 | 18 | 16 | 16 | 25 | 27 | 30 | 28 |
| Net income | 55 | 98 | 47 | 39 | 6 | 56 | 77 | 66 |
| Diluted EPS | $0.23 | $0.40 | $0.20 | $0.16 | $0.03 | $0.23 | $0.32 | $0.27 |
| EBITDA | 113 | 115 | 104 | 111 | 107 | 154 | 129 | 129 |
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