NYSE : CBT
Cabot Corporation — Financial statements
Materials · Specialty Chemicals · United States
Last price 73.85 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.81B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Cabot Corporation (CBT) reported revenue of 3.63B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.63B | 3.71B | 3.99B | 3.93B | 4.32B | 3.41B |
| Cost of Revenue | 2.75B | 2.77B | 3.02B | 3.10B | 3.44B | 2.63B |
| Gross Profit | 880.00M | 946.00M | 972.00M | 834.00M | 878.00M | 782.00M |
| Selling, General & Admin | 270.00M | 255.00M | 282.00M | 254.00M | 255.00M | 293.00M |
| Research & Development | 54.00M | 57.00M | 63.00M | 57.00M | 55.00M | 56.00M |
| Operating Expenses | 324.00M | 312.00M | 345.00M | 311.00M | 310.00M | 349.00M |
| Operating Income | 556.00M | 634.00M | 627.00M | 523.00M | 568.00M | 433.00M |
| Interest Expense | -74.00M | -76.00M | -81.00M | -90.00M | -56.00M | -49.00M |
| Interest & Investment Income | 29.00M | 27.00M | 32.00M | 31.00M | 11.00M | 11.00M |
| Earnings From Equity Investments | 7.00M | 7.00M | 6.00M | 5.00M | 10.00M | 3.00M |
| Currency Exchange Gain (Loss) | -8.00M | -8.00M | -46.00M | -35.00M | -13.00M | -6.00M |
| Other Non Operating Income (Expenses) | -30.00M | -1.00M | 18.00M | 20.00M | 3.00M | |
| EBT Excluding Unusual Items | 480.00M | 583.00M | 556.00M | 454.00M | 523.00M | 392.00M |
| Merger & Restructuring Charges | -62.00M | -11.00M | -13.00M | -4.00M | -3.00M | |
| Gain (Loss) on Sale of Investments | -8.00M | |||||
| Gain (Loss) on Sale of Assets | -3.00M | -207.00M | ||||
| Other Unusual Items | 18.00M | |||||
| Pretax Income | 418.00M | 572.00M | 535.00M | 456.00M | 345.00M | 409.00M |
| Income Tax Expense | 190.00M | 196.00M | 111.00M | -28.00M | 102.00M | 123.00M |
| Earnings From Continuing Operations | 228.00M | 376.00M | 424.00M | 484.00M | 243.00M | 286.00M |
| Net Income to Company | 228.00M | 376.00M | 424.00M | 484.00M | 243.00M | 286.00M |
| Minority Interest in Earnings | -38.00M | -45.00M | -44.00M | -39.00M | -34.00M | -36.00M |
| Net Income | 190.00M | 331.00M | 380.00M | 445.00M | 209.00M | 250.00M |
| Preferred Dividends & Other Adjustments | 3.00M | 5.00M | 6.00M | 8.00M | 3.00M | 3.00M |
| Net Income to Common | 187.00M | 326.00M | 374.00M | 437.00M | 206.00M | 247.00M |
| Shares Outstanding (Basic) | 52.35M | 53.70M | 55.10M | 56.10M | 56.50M | 56.70M |
| Shares Outstanding (Diluted) | 52.70M | 54.20M | 55.70M | 56.50M | 56.90M | 56.80M |
| EPS (Basic) | 3.57 | 6.07 | 6.79 | 7.79 | 3.65 | 4.36 |
| EPS (Diluted) | 3.56 | 6.02 | 6.72 | 7.73 | 3.62 | 4.34 |
| Free Cash Flow | 281.00M | 364.00M | 451.00M | 351.00M | -111.00M | 62.00M |
| Free Cash Flow Per Share | 5.33 | 6.72 | 8.10 | 6.21 | -1.95 | 1.09 |
| Dividend Per Share | 1.82 | 1.76 | 1.66 | 1.54 | 1.48 | 1.40 |
| Gross Margin | 24.22% | 25.48% | 24.34% | 21.22% | 20.32% | 22.94% |
| Operating Margin | 15.30% | 17.08% | 15.70% | 13.30% | 13.15% | 12.70% |
| Profit Margin | 5.15% | 8.78% | 9.36% | 11.12% | 4.77% | 7.25% |
| Free Cash Flow Margin | 7.73% | 9.80% | 11.29% | 8.93% | -2.57% | 1.82% |
| EBITDA | 736.00M | 788.00M | 778.00M | 667.00M | 714.00M | 593.00M |
| EBITDA Margin | 20.25% | 21.22% | 19.48% | 16.97% | 16.52% | 17.39% |
| D&A For EBITDA | 180.00M | 154.00M | 151.00M | 144.00M | 146.00M | 160.00M |
| EBIT | 556.00M | 634.00M | 627.00M | 523.00M | 568.00M | 433.00M |
| EBIT Margin | 15.30% | 17.08% | 15.70% | 13.30% | 13.15% | 12.70% |
| Effective Tax Rate | 45.45% | 34.27% | 20.75% | 29.57% | 30.07% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 250.00M | 258.00M | 223.00M | 238.00M | 206.00M | 168.00M |
| Cash & Short-Term Investments | 250.00M | 258.00M | 223.00M | 238.00M | 206.00M | 168.00M |
| Accounts Receivable | 731.00M | 671.00M | 733.00M | 695.00M | 836.00M | 645.00M |
| Other Receivables | 9.00M | |||||
| Receivables | 731.00M | 671.00M | 733.00M | 695.00M | 836.00M | 654.00M |
| Inventory | 566.00M | 504.00M | 552.00M | 585.00M | 664.00M | 523.00M |
| Prepaid Expenses | 118.00M | 106.00M | 97.00M | 108.00M | 114.00M | 78.00M |
| Restricted Cash | 2.00M | |||||
| Total Current Assets | 1.67B | 1.54B | 1.60B | 1.63B | 1.82B | 1.43B |
| Property, Plant & Equipment | 1.74B | 1.81B | 1.64B | 1.51B | 1.37B | 1.47B |
| Long-Term Investments | 19.00M | 16.00M | 23.00M | 20.00M | 20.00M | 40.00M |
| Goodwill | 137.00M | 134.00M | 133.00M | 134.00M | 129.00M | 140.00M |
| Other Intangible Assets | 52.00M | 55.00M | 53.00M | 60.00M | 63.00M | 100.00M |
| Long-Term Deferred Tax Assets | 170.00M | 180.00M | 216.00M | 180.00M | 45.00M | 53.00M |
| Other Long-Term Assets | 193.00M | 79.00M | 68.00M | 71.00M | 82.00M | 82.00M |
| Total Assets | 3.98B | 3.81B | 3.74B | 3.60B | 3.52B | 3.31B |
| Accounts Payable | 653.00M | 459.00M | 495.00M | 438.00M | 533.00M | 480.00M |
| Accrued Expenses | 176.00M | 167.00M | 147.00M | 160.00M | 173.00M | |
| Short-Term Debt | 201.00M | 14.00M | 45.00M | 174.00M | 347.00M | 72.00M |
| Current Portion of Long-Term Debt | 261.00M | 254.00M | 4.00M | 4.00M | 4.00M | 369.00M |
| Current Portion of Leases | 19.00M | 18.00M | 19.00M | 17.00M | 18.00M | |
| Current Income Taxes Payable | 20.00M | 35.00M | 43.00M | 40.00M | 44.00M | 35.00M |
| Total Current Liabilities | 1.14B | 957.00M | 772.00M | 822.00M | 1.10B | 1.15B |
| Long-Term Debt | 828.00M | 832.00M | 1.06B | 1.07B | 1.06B | 688.00M |
| Long-Term Leases | 109.00M | 111.00M | 108.00M | 109.00M | 113.00M | |
| Pension & Post-Retirement Benefits | 49.00M | 52.00M | 48.00M | 51.00M | 80.00M | |
| Long-Term Deferred Tax Liabilities | 36.00M | 39.00M | 42.00M | 50.00M | 65.00M | 73.00M |
| Other Long-Term Liabilities | 242.00M | 124.00M | 105.00M | 99.00M | 100.00M | 115.00M |
| Total Liabilities | 2.24B | 2.11B | 2.15B | 2.20B | 2.49B | 2.22B |
| Common Stock | 52.00M | 53.00M | 54.00M | 55.00M | 56.00M | 57.00M |
| Additional Paid-In Capital | 1.00M | 24.00M | ||||
| Retained Earnings | 1.82B | 1.83B | 1.73B | 1.57B | 1.28B | 1.16B |
| Treasury Stock | -3.00M | -3.00M | -3.00M | -3.00M | -4.00M | -4.00M |
| Comprehensive Income & Other | -267.00M | -335.00M | -360.00M | -362.00M | -439.00M | -289.00M |
| Total Common Equity | 1.60B | 1.55B | 1.43B | 1.26B | 898.00M | 947.00M |
| Minority Interest | 129.00M | 155.00M | 165.00M | 143.00M | 134.00M | 143.00M |
| Shareholders' Equity | 1.73B | 1.71B | 1.59B | 1.41B | 1.03B | 1.09B |
| Total Liabilities & Equity | 3.98B | 3.81B | 3.74B | 3.60B | 3.52B | 3.31B |
| Total Debt | 1.29B | 1.23B | 1.24B | 1.38B | 1.54B | 1.26B |
| Net Cash (Debt) | -1.04B | -970.00M | -1.02B | -1.14B | -1.33B | -1.09B |
| Net Cash Per Share | -19.73 | -17.90 | -18.29 | -20.12 | -23.44 | -19.23 |
| Filing Date Shares Outstanding | 51.63M | 52.90M | 54.39M | 55.31M | 56.33M | 56.80M |
| Total Common Shares Outstanding | 51.63M | 52.84M | 54.30M | 55.24M | 56.25M | 56.73M |
| Working Capital | 530.00M | 582.00M | 833.00M | 804.00M | 715.00M | 278.00M |
| Book Value Per Share | 31.09 | 29.33 | 26.24 | 22.88 | 15.96 | 16.69 |
| Tangible Book Value | 1.42B | 1.36B | 1.24B | 1.07B | 706.00M | 707.00M |
| Tangible Book Value Per Share | 27.43 | 25.76 | 22.82 | 19.37 | 12.55 | 12.46 |
| Land | 74.00M | 74.00M | 72.00M | 75.00M | 114.00M | |
| Buildings | 672.00M | 601.00M | 576.00M | 553.00M | 575.00M | |
| Machinery | 2.96B | 2.78B | 2.62B | 2.47B | 2.77B | |
| Construction In Progress | 457.00M | 392.00M | 329.00M | 224.00M | 190.00M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 190.00M | 331.00M | 380.00M | 445.00M | 209.00M | 250.00M |
| Depreciation & Amortization | 180.00M | 154.00M | 151.00M | 144.00M | 146.00M | 160.00M |
| Loss (Gain) From Sale of Assets | 2.00M | -7.00M | ||||
| Asset Writedown & Restructuring Costs | 24.00M | 197.00M | ||||
| Loss (Gain) on Equity Investments | -7.00M | -7.00M | -6.00M | -5.00M | -10.00M | -3.00M |
| Stock-Based Compensation | 18.00M | 24.00M | 25.00M | 20.00M | 23.00M | 21.00M |
| Other Operating Activities | 114.00M | 114.00M | 72.00M | -111.00M | -10.00M | 73.00M |
| Change in Accounts Receivable | 1.00M | 76.00M | -26.00M | 153.00M | -287.00M | -215.00M |
| Change in Inventory | -18.00M | 47.00M | 41.00M | 96.00M | -259.00M | -174.00M |
| Change in Accounts Payable | 28.00M | -67.00M | 42.00M | -152.00M | 115.00M | 167.00M |
| Change in Income Taxes | -13.00M | -8.00M | 3.00M | -4.00M | 15.00M | 14.00M |
| Change in Other Net Operating Assets | -20.00M | 1.00M | 10.00M | 7.00M | -32.00M | -36.00M |
| Operating Cash Flow | 497.00M | 665.00M | 692.00M | 595.00M | 100.00M | 257.00M |
| Capital Expenditures | -216.00M | -301.00M | -241.00M | -244.00M | -211.00M | -195.00M |
| Cash Acquisitions | -66.00M | -9.00M | ||||
| Divestitures | 6.00M | 79.00M | ||||
| Sale (Purchase) of Real Estate | 7.00M | 18.00M | ||||
| Other Investing Activities | 7.00M | 3.00M | 6.00M | 17.00M | 5.00M | 9.00M |
| Investing Cash Flow | -275.00M | -298.00M | -235.00M | -214.00M | -118.00M | -186.00M |
| Short-Term Debt Issued | 19.00M | 24.00M | 276.00M | 58.00M | ||
| Long-Term Debt Issued | 15.00M | 15.00M | 84.00M | 394.00M | 200.00M | |
| Total Debt Issued | 228.00M | 34.00M | 15.00M | 108.00M | 670.00M | 258.00M |
| Short-Term Debt Repaid | -50.00M | -128.00M | -197.00M | |||
| Long-Term Debt Repaid | -7.00M | -30.00M | -90.00M | -372.00M | -222.00M | |
| Total Debt Repaid | -184.00M | -57.00M | -158.00M | -287.00M | -372.00M | -222.00M |
| Net Debt Issued (Repaid) | 44.00M | -23.00M | -143.00M | -179.00M | 298.00M | 36.00M |
| Issuance of Common Stock | 6.00M | 8.00M | 20.00M | 4.00M | 6.00M | 6.00M |
| Repurchase of Common Stock | -140.00M | -168.00M | -172.00M | -98.00M | -53.00M | -3.00M |
| Common Dividends Paid | -97.00M | -96.00M | -93.00M | -88.00M | -84.00M | -80.00M |
| Other Financing Activities | -47.00M | -57.00M | -27.00M | -42.00M | -22.00M | -19.00M |
| Financing Cash Flow | -234.00M | -336.00M | -415.00M | -403.00M | 145.00M | -60.00M |
| Foreign Exchange Rate Adjustments | 24.00M | 4.00M | -57.00M | 54.00M | -91.00M | 8.00M |
| Net Cash Flow | 12.00M | 35.00M | -15.00M | 32.00M | 36.00M | 19.00M |
| Free Cash Flow | 281.00M | 364.00M | 451.00M | 351.00M | -111.00M | 62.00M |
| Free Cash Flow Margin | 7.73% | 9.80% | 11.29% | 8.93% | -2.57% | 1.82% |
| Free Cash Flow Per Share | 5.33 | 6.72 | 8.10 | 6.21 | -1.95 | 1.09 |
| Levered Free Cash Flow | 258.25M | 291.75M | 362.25M | 304.62M | -30.00M | -9.00M |
| Unlevered Free Cash Flow | 304.50M | 339.25M | 412.88M | 360.88M | 5.00M | 21.62M |
| Cash Interest Paid | 79.00M | 79.00M | 82.00M | 85.00M | 46.00M | 41.00M |
| Cash Income Tax Paid | 165.00M | 165.00M | 136.00M | 140.00M | 129.00M | 93.00M |
| Change in Working Capital | -22.00M | 49.00M | 70.00M | 100.00M | -448.00M | -244.00M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.84B | 4.05B | 6.13B | 3.87B | 3.60B | 2.84B |
| Enterprise Value | 4.88B | 5.18B | 7.24B | 5.03B | 4.95B | 3.96B |
| Last Close Price | 74.43 | 74.24 | 106.90 | 65.04 | 58.73 | 45.09 |
| PE Ratio | 20.92 | 12.41 | 16.38 | 8.87 | 17.46 | 11.51 |
| Forward PE | 10.88 | 10.27 | 14.70 | 10.99 | 9.51 | 9.58 |
| PS Ratio | 1.06 | 1.09 | 1.53 | 0.99 | 0.83 | 0.83 |
| PB Ratio | 2.39 | 2.37 | 3.85 | 2.75 | 3.48 | 2.61 |
| P/TBV Ratio | 2.71 | 2.97 | 4.95 | 3.62 | 5.09 | 4.02 |
| P/FCF Ratio | 13.68 | 11.12 | 13.59 | 11.04 | 45.85 | |
| P/OCF Ratio | 7.73 | 6.08 | 8.86 | 6.51 | 35.97 | 11.06 |
| PEG Ratio | 9.10 | 0.92 | 0.96 | 2.23 | 0.59 | 0.25 |
| EV/Sales Ratio | 1.34 | 1.39 | 1.81 | 1.28 | 1.15 | 1.16 |
| EV/EBITDA Ratio | 6.63 | 6.57 | 9.30 | 7.54 | 6.93 | 6.69 |
| EV/EBIT Ratio | 8.78 | 8.17 | 11.54 | 9.61 | 8.71 | 9.16 |
| EV/FCF Ratio | 17.38 | 14.22 | 16.05 | 14.32 | 63.95 | |
| Debt / Equity Ratio | 0.74 | 0.72 | 0.78 | 0.98 | 1.49 | 1.16 |
| Debt / EBITDA Ratio | 1.70 | 1.51 | 1.55 | 1.98 | 2.09 | 2.04 |
| Debt / FCF Ratio | 4.59 | 3.37 | 2.75 | 3.92 | 20.32 | |
| Net Debt / Equity Ratio | 0.60 | 0.57 | 0.64 | 0.81 | 1.29 | 1.00 |
| Net Debt / EBITDA Ratio | 1.41 | 1.23 | 1.31 | 1.71 | 1.87 | 1.84 |
| Net Debt / FCF Ratio | 3.70 | 2.67 | 2.26 | 3.24 | -12.02 | 17.61 |
| Asset Turnover | 0.93 | 0.98 | 1.09 | 1.10 | 1.26 | 1.12 |
| Inventory Turnover | 5.02 | 5.24 | 5.32 | 4.96 | 5.80 | 5.96 |
| Quick Ratio | 0.86 | 0.97 | 1.24 | 1.14 | 0.94 | 0.72 |
| Current Ratio | 1.47 | 1.61 | 2.08 | 1.98 | 1.65 | 1.24 |
| Return on Equity (ROE) | 13.35% | 22.82% | 28.29% | 39.69% | 22.90% | 30.04% |
| Return on Assets (ROA) | 8.90% | 10.50% | 10.68% | 9.17% | 10.39% | 8.89% |
| Return on Invested Capital (ROIC) | 10.99% | 15.77% | 19.29% | 21.30% | 17.59% | 14.90% |
| Return on Capital Employed (ROCE) | 19.60% | 22.20% | 21.20% | 18.80% | 23.50% | 20.10% |
| Earnings Yield | 4.78% | 8.18% | 6.20% | 11.48% | 5.81% | 8.79% |
| FCF Yield | 7.31% | 9.00% | 7.36% | 9.06% | -3.09% | 2.18% |
| Dividend Yield | 2.54% | 2.30% | 1.47% | 2.20% | 2.31% | 2.79% |
| Payout Ratio | 53.13% | 29.00% | 24.47% | 19.78% | 40.19% | 32.00% |
| Buyback Yield / Dilution | 3.57% | 2.69% | 1.42% | 0.70% | -0.18% | -0.35% |
| Total Shareholder Return | 6.11% | 4.99% | 2.89% | 2.90% | 2.14% | 2.44% |