NYSE : CE
Celanese Corporation — Financial statements
Materials · Chemicals · United States
Last price 48.32 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.30B
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Financial statements
Celanese Corporation (CE) reported revenue of 9.71B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 9.71B | 9.54B | 10.27B | 10.93B | 9.67B | 8.54B |
| Cost of Revenue | 7.64B | 7.58B | 7.86B | 8.33B | 7.29B | 5.86B |
| Gross Profit | 2.08B | 1.96B | 2.41B | 2.60B | 2.38B | 2.68B |
| Selling, General & Admin | 869.00M | 844.00M | 1.05B | 1.15B | 690.00M | 527.00M |
| Research & Development | 120.00M | 125.00M | 130.00M | 146.00M | 112.00M | 86.00M |
| Amortization of Goodwill & Intangibles | 161.00M | 164.00M | 159.00M | 164.00M | 62.00M | 25.00M |
| Operating Expenses | 1.15B | 1.13B | 1.34B | 1.46B | 864.00M | 638.00M |
| Operating Income | 926.00M | 830.00M | 1.06B | 1.14B | 1.52B | 2.04B |
| Interest Expense | -723.00M | -701.00M | -676.00M | -720.00M | -405.00M | -91.00M |
| Interest & Investment Income | 156.00M | 146.00M | 161.00M | 165.00M | 202.00M | 155.00M |
| Earnings From Equity Investments | 122.00M | 127.00M | 196.00M | 102.00M | 220.00M | 146.00M |
| Currency Exchange Gain (Loss) | -3.00M | 36.00M | 24.00M | 32.00M | -2.00M | -13.00M |
| Other Non Operating Income (Expenses) | 22.00M | 7.00M | 40.00M | 25.00M | 10.00M | 10.00M |
| EBT Excluding Unusual Items | 500.00M | 445.00M | 810.00M | 745.00M | 1.54B | 2.25B |
| Merger & Restructuring Charges | -114.00M | -79.00M | -176.00M | -67.00M | -111.00M | 5.00M |
| Impairment of Goodwill | -1.14B | -1.14B | -1.52B | |||
| Gain (Loss) on Sale of Assets | 40.00M | -5.00M | -14.00M | 505.00M | 5.00M | 3.00M |
| Asset Writedown | -373.00M | -373.00M | -122.00M | -15.00M | -14.00M | -2.00M |
| Other Unusual Items | -36.00M | -68.00M | -7.00M | -9.00M | ||
| Pretax Income | -1.12B | -1.22B | -1.02B | 1.16B | 1.42B | 2.25B |
| Income Tax Expense | 22.00M | -90.00M | 507.00M | -795.00M | -489.00M | 330.00M |
| Earnings From Continuing Operations | -1.15B | -1.13B | -1.53B | 1.96B | 1.91B | 1.92B |
| Earnings From Discontinued Operations | -9.00M | -21.00M | -8.00M | -9.00M | -8.00M | -22.00M |
| Net Income to Company | -1.15B | -1.15B | -1.53B | 1.95B | 1.90B | 1.90B |
| Minority Interest in Earnings | -15.00M | -14.00M | -8.00M | -4.00M | -8.00M | -6.00M |
| Net Income | -1.17B | -1.17B | -1.54B | 1.94B | 1.89B | 1.89B |
| Net Income to Common | -1.17B | -1.17B | -1.54B | 1.94B | 1.89B | 1.89B |
| Shares Outstanding (Basic) | 109.65M | 109.53M | 109.27M | 108.85M | 108.38M | 111.22M |
| Shares Outstanding (Diluted) | 109.65M | 109.53M | 109.27M | 109.38M | 109.24M | 112.08M |
| EPS (Basic) | -10.66 | -10.64 | -14.11 | 17.85 | 17.48 | 16.99 |
| EPS (Diluted) | -10.66 | -10.64 | -14.11 | 17.76 | 17.34 | 16.86 |
| Free Cash Flow | 708.00M | 803.00M | 531.00M | 1.33B | 1.28B | 1.29B |
| Free Cash Flow Per Share | 6.46 | 7.33 | 4.86 | 12.17 | 11.68 | 11.51 |
| Dividend Per Share | 0.12 | 0.12 | 2.80 | 2.80 | 2.74 | 2.72 |
| Gross Margin | 21.38% | 20.57% | 23.44% | 23.77% | 24.61% | 31.42% |
| Operating Margin | 9.54% | 8.70% | 10.37% | 10.44% | 15.67% | 23.94% |
| Profit Margin | -12.04% | -12.21% | -15.02% | 17.78% | 19.58% | 22.14% |
| Free Cash Flow Margin | 7.29% | 8.41% | 5.17% | 12.18% | 13.19% | 15.11% |
| EBITDA | 1.68B | 1.56B | 1.77B | 1.87B | 1.99B | 2.42B |
| EBITDA Margin | 17.27% | 16.38% | 17.29% | 17.08% | 20.61% | 28.37% |
| D&A For EBITDA | 751.00M | 733.00M | 710.00M | 725.00M | 478.00M | 378.00M |
| EBIT | 926.00M | 830.00M | 1.06B | 1.14B | 1.52B | 2.04B |
| EBIT Margin | 9.54% | 8.70% | 10.37% | 10.44% | 15.67% | 23.94% |
| Effective Tax Rate | 14.68% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.36B | 1.26B | 962.00M | 1.80B | 1.51B | 536.00M |
| Cash & Short-Term Investments | 1.36B | 1.26B | 962.00M | 1.80B | 1.51B | 536.00M |
| Accounts Receivable | 1.29B | 922.00M | 1.12B | 1.24B | 1.38B | 1.16B |
| Other Receivables | 581.00M | 545.00M | 493.00M | 541.00M | 675.00M | 506.00M |
| Receivables | 1.87B | 1.47B | 1.61B | 1.78B | 2.05B | 1.67B |
| Inventory | 2.31B | 2.22B | 2.28B | 2.36B | 2.81B | 1.52B |
| Other Current Assets | 257.00M | 743.00M | 266.00M | 272.00M | 241.00M | 80.00M |
| Total Current Assets | 5.79B | 5.69B | 5.13B | 6.22B | 6.61B | 3.81B |
| Property, Plant & Equipment | 5.22B | 5.43B | 5.66B | 6.01B | 6.00B | 4.43B |
| Long-Term Investments | 1.23B | 1.25B | 1.22B | 1.22B | 1.06B | 823.00M |
| Goodwill | 4.15B | 4.17B | 5.39B | 6.98B | 7.14B | 1.41B |
| Other Intangible Assets | 3.08B | 3.18B | 3.64B | 3.98B | 4.11B | 735.00M |
| Long-Term Deferred Tax Assets | 1.32B | 1.36B | 1.25B | 1.68B | 808.00M | 248.00M |
| Other Long-Term Assets | 605.00M | 601.00M | 555.00M | 524.00M | 547.00M | 521.00M |
| Total Assets | 21.41B | 21.70B | 22.84B | 26.60B | 26.27B | 11.97B |
| Accounts Payable | 1.49B | 1.28B | 1.23B | 1.51B | 1.52B | 1.16B |
| Accrued Expenses | 620.00M | 593.00M | 692.00M | 670.00M | 650.00M | 314.00M |
| Short-Term Debt | 90.00M | 90.00M | 108.00M | 358.00M | 800.00M | 264.00M |
| Current Portion of Long-Term Debt | 1.22B | 1.09B | 1.37B | 1.00B | 481.00M | 502.00M |
| Current Portion of Leases | 73.00M | 94.00M | 102.00M | 113.00M | 108.00M | 62.00M |
| Current Income Taxes Payable | 104.00M | 76.00M | 4.00M | 25.00M | 43.00M | 81.00M |
| Other Current Liabilities | 413.00M | 460.00M | 386.00M | 395.00M | 468.00M | 122.00M |
| Total Current Liabilities | 4.01B | 3.68B | 3.89B | 4.07B | 4.07B | 2.50B |
| Long-Term Debt | 10.57B | 11.29B | 10.96B | 12.18B | 13.23B | 3.03B |
| Long-Term Leases | 438.00M | 371.00M | 416.00M | 449.00M | 511.00M | 348.00M |
| Pension & Post-Retirement Benefits | 321.00M | 344.00M | 396.00M | 457.00M | 411.00M | 558.00M |
| Long-Term Deferred Tax Liabilities | 458.00M | 512.00M | 923.00M | 999.00M | 1.24B | 555.00M |
| Other Long-Term Liabilities | 1.02B | 1.02B | 694.00M | 891.00M | 709.00M | 444.00M |
| Total Liabilities | 16.82B | 17.22B | 17.27B | 19.05B | 20.17B | 7.44B |
| Additional Paid-In Capital | 450.00M | 431.00M | 409.00M | 394.00M | 372.00M | 333.00M |
| Retained Earnings | 10.04B | 9.88B | 11.05B | 12.93B | 11.27B | 9.68B |
| Treasury Stock | -5.48B | -5.48B | -5.49B | -5.49B | -5.49B | -5.49B |
| Comprehensive Income & Other | -842.00M | -776.00M | -848.00M | -744.00M | -518.00M | -329.00M |
| Total Common Equity | 4.17B | 4.05B | 5.13B | 7.09B | 5.64B | 4.19B |
| Minority Interest | 421.00M | 423.00M | 434.00M | 461.00M | 468.00M | 348.00M |
| Shareholders' Equity | 4.59B | 4.47B | 5.56B | 7.55B | 6.11B | 4.54B |
| Total Liabilities & Equity | 21.41B | 21.70B | 22.84B | 26.60B | 26.27B | 11.97B |
| Total Debt | 12.40B | 12.93B | 12.95B | 14.10B | 15.13B | 4.20B |
| Net Cash (Debt) | -11.03B | -11.67B | -11.99B | -12.29B | -13.62B | -3.67B |
| Net Cash Per Share | -100.62 | -106.55 | -109.72 | -112.39 | -124.67 | -32.73 |
| Filing Date Shares Outstanding | 109.75M | 109.57M | 109.33M | 108.91M | 108.47M | 108.03M |
| Total Common Shares Outstanding | 109.75M | 109.57M | 109.33M | 108.91M | 108.47M | 108.02M |
| Working Capital | 1.79B | 2.01B | 1.24B | 2.15B | 2.54B | 1.30B |
| Book Value Per Share | 37.97 | 36.95 | 46.91 | 65.11 | 51.97 | 38.78 |
| Tangible Book Value | -3.06B | -3.31B | -3.90B | -3.86B | -5.61B | 2.04B |
| Tangible Book Value Per Share | -27.87 | -30.17 | -35.66 | -35.45 | -51.72 | 18.90 |
| Land | 199.00M | 240.00M | 260.00M | 291.00M | 48.00M | |
| Buildings | 1.17B | 1.06B | 1.08B | 1.06B | 833.00M | |
| Machinery | 8.26B | 7.75B | 7.16B | 6.90B | 5.99B | |
| Construction In Progress | 588.00M | 700.00M | 1.08B | 938.00M | 725.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.17B | -1.17B | -1.54B | 1.94B | 1.89B | 1.89B |
| Depreciation & Amortization | 751.00M | 733.00M | 710.00M | 725.00M | 478.00M | 378.00M |
| Other Amortization | 62.00M | 42.00M | 42.00M | |||
| Loss (Gain) From Sale of Assets | -40.00M | 5.00M | 13.00M | -501.00M | -8.00M | -5.00M |
| Asset Writedown & Restructuring Costs | 1.56B | 1.52B | 1.71B | 29.00M | 14.00M | 2.00M |
| Loss (Gain) on Equity Investments | 35.00M | 13.00M | -33.00M | 55.00M | -3.00M | -34.00M |
| Stock-Based Compensation | 30.00M | 24.00M | 32.00M | 40.00M | 60.00M | 95.00M |
| Other Operating Activities | -349.00M | -277.00M | 220.00M | -928.00M | -868.00M | -96.00M |
| Change in Accounts Receivable | -155.00M | 213.00M | 92.00M | 105.00M | 218.00M | -396.00M |
| Change in Inventory | -64.00M | 154.00M | 11.00M | 398.00M | -253.00M | -367.00M |
| Change in Accounts Payable | 216.00M | 26.00M | -234.00M | 20.00M | -84.00M | 353.00M |
| Change in Other Net Operating Assets | 117.00M | -158.00M | -50.00M | 15.00M | 399.00M | -78.00M |
| Operating Cash Flow | 984.00M | 1.15B | 966.00M | 1.90B | 1.82B | 1.76B |
| Capital Expenditures | -276.00M | -343.00M | -435.00M | -568.00M | -543.00M | -467.00M |
| Cash Acquisitions | 52.00M | -10.59B | -1.14B | |||
| Divestitures | 507.00M | 21.00M | 480.00M | 48.00M | 27.00M | |
| Investment in Securities | 516.00M | |||||
| Other Investing Activities | -28.00M | -27.00M | -35.00M | -98.00M | -57.00M | -53.00M |
| Investing Cash Flow | 203.00M | -349.00M | -470.00M | -134.00M | -11.14B | -1.12B |
| Short-Term Debt Issued | 614.00M | 175.00M | 452.00M | 536.00M | 206.00M | |
| Long-Term Debt Issued | 4.35B | 328.00M | 3.00B | 10.77B | 990.00M | |
| Total Debt Issued | 1.69B | 4.97B | 503.00M | 3.45B | 11.30B | 1.20B |
| Short-Term Debt Repaid | -637.00M | -418.00M | -881.00M | -6.00M | ||
| Long-Term Debt Repaid | -4.65B | -1.03B | -3.66B | -526.00M | -786.00M | |
| Total Debt Repaid | -2.56B | -5.29B | -1.45B | -4.54B | -526.00M | -792.00M |
| Net Debt Issued (Repaid) | -874.00M | -323.00M | -948.00M | -1.09B | 10.78B | 404.00M |
| Repurchase of Common Stock | -17.00M | -1.00B | ||||
| Common Dividends Paid | -13.00M | -13.00M | -307.00M | -305.00M | -297.00M | -304.00M |
| Other Financing Activities | -104.00M | -177.00M | -58.00M | -63.00M | -175.00M | -142.00M |
| Financing Cash Flow | -991.00M | -513.00M | -1.31B | -1.46B | 10.29B | -1.04B |
| Foreign Exchange Rate Adjustments | -5.00M | 17.00M | -26.00M | -12.00M | 4.00M | -15.00M |
| Net Cash Flow | 191.00M | 301.00M | -843.00M | 297.00M | 972.00M | -419.00M |
| Free Cash Flow | 708.00M | 803.00M | 531.00M | 1.33B | 1.28B | 1.29B |
| Free Cash Flow Margin | 7.29% | 8.41% | 5.17% | 12.18% | 13.19% | 15.11% |
| Free Cash Flow Per Share | 6.46 | 7.33 | 4.86 | 12.17 | 11.68 | 11.51 |
| Levered Free Cash Flow | 949.88M | 368.62M | 551.12M | 1.07B | -140.62M | 547.62M |
| Unlevered Free Cash Flow | 1.40B | 806.75M | 973.62M | 1.52B | 112.50M | 604.50M |
| Cash Interest Paid | 671.00M | 671.00M | 701.00M | 780.00M | 122.00M | 105.00M |
| Cash Income Tax Paid | 255.00M | 255.00M | 349.00M | 237.00M | 273.00M | 215.00M |
| Change in Working Capital | 114.00M | 235.00M | -181.00M | 538.00M | 280.00M | -488.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.41B | 4.63B | 7.57B | 16.91B | 11.09B | 18.30B |
| Enterprise Value | 16.44B | 16.82B | 20.54B | 30.13B | 14.34B | 21.35B |
| Last Close Price | 49.30 | 42.18 | 68.88 | 151.60 | 97.38 | 156.49 |
| PE Ratio | 8.70 | 5.85 | 9.68 | |||
| Forward PE | 8.40 | 8.29 | 8.64 | 13.93 | 8.98 | 9.75 |
| PS Ratio | 0.56 | 0.48 | 0.74 | 1.55 | 1.15 | 2.14 |
| PB Ratio | 1.30 | 1.03 | 1.36 | 2.24 | 1.82 | 4.03 |
| P/TBV Ratio | 8.96 | |||||
| P/FCF Ratio | 7.64 | 5.77 | 14.25 | 12.71 | 8.69 | 14.18 |
| P/OCF Ratio | 5.50 | 4.04 | 7.83 | 8.91 | 6.09 | 10.41 |
| PEG Ratio | 0.36 | 6.14 | 0.77 | 2.21 | 1.32 | 0.35 |
| EV/Sales Ratio | 1.69 | 1.76 | 2.00 | 2.76 | 1.48 | 2.50 |
| EV/EBITDA Ratio | 9.81 | 10.76 | 11.57 | 16.15 | 7.19 | 8.81 |
| EV/EBIT Ratio | 17.76 | 20.26 | 19.28 | 26.41 | 9.46 | 10.44 |
| EV/FCF Ratio | 23.23 | 20.95 | 38.67 | 22.64 | 11.24 | 16.55 |
| Debt / Equity Ratio | 2.70 | 2.89 | 2.33 | 1.87 | 2.48 | 0.93 |
| Debt / EBITDA Ratio | 6.90 | 7.67 | 6.78 | 7.06 | 7.23 | 1.69 |
| Debt / FCF Ratio | 17.51 | 16.11 | 24.39 | 10.59 | 11.85 | 3.26 |
| Net Debt / Equity Ratio | 2.40 | 2.61 | 2.15 | 1.63 | 2.23 | 0.81 |
| Net Debt / EBITDA Ratio | 6.58 | 7.47 | 6.75 | 6.59 | 6.83 | 1.51 |
| Net Debt / FCF Ratio | 15.58 | 14.53 | 22.58 | 9.24 | 10.67 | 2.84 |
| Asset Turnover | 0.43 | 0.43 | 0.41 | 0.41 | 0.51 | 0.75 |
| Inventory Turnover | 3.33 | 3.37 | 3.39 | 3.23 | 3.37 | 4.68 |
| Quick Ratio | 0.81 | 0.74 | 0.66 | 0.88 | 0.88 | 0.88 |
| Current Ratio | 1.45 | 1.55 | 1.32 | 1.53 | 1.62 | 1.52 |
| Return on Equity (ROE) | -22.25% | -22.52% | -23.27% | 28.64% | 35.90% | 45.49% |
| Return on Assets (ROA) | 2.56% | 2.33% | 2.69% | 2.70% | 4.96% | 11.16% |
| Return on Invested Capital (ROIC) | 5.93% | 4.93% | 5.70% | 5.77% | 10.86% | 23.79% |
| Return on Capital Employed (ROCE) | 5.30% | 4.60% | 5.60% | 5.10% | 6.80% | 21.60% |
| Earnings Yield | -21.62% | -25.16% | -20.38% | 11.49% | 17.09% | 10.33% |
| FCF Yield | 13.09% | 17.34% | 7.02% | 7.87% | 11.51% | 7.05% |
| Dividend Yield | 0.24% | 0.28% | 4.05% | 1.80% | 2.68% | 1.61% |
| Payout Ratio | 15.70% | 15.68% | 16.09% | |||
| Buyback Yield / Dilution | -0.22% | -0.24% | 0.10% | -0.13% | 2.54% | 5.40% |
| Total Shareholder Return | 0.03% | 0.05% | 4.14% | 1.67% | 5.22% | 7.00% |