NYSE : ESI
Element Solutions Inc — Financial statements
Materials · Specialty Chemicals · United States
Last price 34.27 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.31B
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Financial statements
Element Solutions Inc (ESI) reported revenue of 3.49B 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 | 3.49B | 2.55B | 2.46B | 2.33B | 2.55B | 2.40B |
| Cost of Revenue | 2.21B | 1.48B | 1.42B | 1.41B | 1.60B | 1.44B |
| Gross Profit | 1.28B | 1.07B | 1.04B | 918.50M | 952.70M | 960.80M |
| Selling, General & Admin | 783.60M | 660.70M | 628.80M | 596.80M | 578.60M | 599.50M |
| Research & Development | 80.00M | 67.60M | 59.10M | 52.40M | 48.80M | 49.70M |
| Operating Expenses | 863.60M | 728.30M | 687.90M | 649.20M | 627.40M | 649.20M |
| Operating Income | 417.90M | 342.20M | 347.80M | 269.30M | 325.30M | 311.60M |
| Interest Expense | -81.20M | -53.40M | -56.30M | -49.30M | -51.20M | -54.20M |
| Currency Exchange Gain (Loss) | 10.90M | -35.30M | 25.10M | 7.90M | -5.00M | 15.80M |
| Other Non Operating Income (Expenses) | -20.70M | -41.50M | -11.20M | 6.20M | 5.80M | -9.80M |
| EBT Excluding Unusual Items | 326.90M | 212.00M | 305.40M | 234.10M | 274.90M | 263.40M |
| Merger & Restructuring Charges | -5.80M | -15.70M | -11.70M | |||
| Impairment of Goodwill | -80.00M | |||||
| Gain (Loss) on Sale of Investments | -11.40M | |||||
| Gain (Loss) on Sale of Assets | -600.00K | 59.00M | ||||
| Other Unusual Items | -6.40M | -5.40M | -6.30M | -9.30M | -2.90M | |
| Pretax Income | 314.10M | 265.60M | 287.70M | 129.10M | 272.00M | 251.70M |
| Income Tax Expense | 108.90M | 74.60M | 44.80M | 13.00M | 85.80M | 48.30M |
| Earnings From Continuing Operations | 205.20M | 191.00M | 242.90M | 116.10M | 186.20M | 203.40M |
| Earnings From Discontinued Operations | 1.60M | 2.10M | 1.80M | 300.00K | ||
| Net Income to Company | 205.20M | 191.00M | 244.50M | 118.20M | 188.00M | 203.70M |
| Minority Interest in Earnings | -200.00K | -200.00K | -300.00K | -100.00K | -800.00K | -400.00K |
| Net Income | 205.00M | 190.80M | 244.20M | 118.10M | 187.20M | 203.30M |
| Net Income to Common | 205.00M | 190.80M | 244.20M | 118.10M | 187.20M | 203.30M |
| Shares Outstanding (Basic) | 243.12M | 242.00M | 242.10M | 241.40M | 245.10M | 247.40M |
| Shares Outstanding (Diluted) | 243.45M | 242.40M | 242.60M | 241.80M | 245.80M | 247.90M |
| EPS (Basic) | 0.84 | 0.79 | 1.01 | 0.49 | 0.76 | 0.82 |
| EPS (Diluted) | 0.84 | 0.79 | 1.01 | 0.49 | 0.76 | 0.82 |
| Free Cash Flow | 182.90M | 227.60M | 295.20M | 283.10M | 249.90M | 276.20M |
| Free Cash Flow Per Share | 0.75 | 0.94 | 1.22 | 1.17 | 1.02 | 1.11 |
| Dividend Per Share | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.25 |
| Gross Margin | 36.73% | 41.96% | 42.16% | 39.37% | 37.37% | 40.04% |
| Operating Margin | 11.98% | 13.41% | 14.16% | 11.54% | 12.76% | 12.98% |
| Profit Margin | 5.88% | 7.48% | 9.94% | 5.06% | 7.34% | 8.47% |
| Free Cash Flow Margin | 5.24% | 8.92% | 12.02% | 12.13% | 9.80% | 11.51% |
| EBITDA | 587.40M | 493.40M | 505.40M | 436.00M | 486.60M | 475.50M |
| EBITDA Margin | 16.83% | 19.34% | 20.57% | 18.69% | 19.09% | 19.81% |
| D&A For EBITDA | 169.50M | 151.20M | 157.60M | 166.70M | 161.30M | 163.90M |
| EBIT | 417.90M | 342.20M | 347.80M | 269.30M | 325.30M | 311.60M |
| EBIT Margin | 11.98% | 13.41% | 14.16% | 11.54% | 12.76% | 12.98% |
| Effective Tax Rate | 34.67% | 28.09% | 15.57% | 10.07% | 31.54% | 19.19% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 224.90M | 626.50M | 359.40M | 289.30M | 265.60M | 330.10M |
| Trading Asset Securities | 9.00M | 4.00M | 19.90M | 32.70M | ||
| Cash & Short-Term Investments | 233.90M | 626.50M | 363.40M | 309.20M | 298.30M | 330.10M |
| Accounts Receivable | 736.10M | 517.70M | 439.60M | 461.80M | 455.80M | 492.20M |
| Receivables | 736.10M | 517.70M | 439.60M | 461.80M | 455.80M | 492.20M |
| Inventory | 409.40M | 294.70M | 246.20M | 298.90M | 290.70M | 274.40M |
| Prepaid Expenses | 45.70M | 28.30M | 22.70M | 32.50M | 38.50M | 29.40M |
| Other Current Assets | 151.40M | 115.30M | 198.10M | 95.10M | 105.40M | 88.40M |
| Total Current Assets | 1.58B | 1.58B | 1.27B | 1.20B | 1.19B | 1.21B |
| Property, Plant & Equipment | 425.80M | 403.40M | 356.50M | 387.20M | 362.30M | 338.30M |
| Long-Term Investments | 20.90M | 4.90M | 18.50M | 26.10M | 6.60M | |
| Goodwill | 2.55B | 2.24B | 2.13B | 2.34B | 2.41B | 2.53B |
| Other Intangible Assets | 987.30M | 657.20M | 732.00M | 879.30M | 805.50M | 956.70M |
| Long-Term Deferred Tax Assets | 162.90M | 175.50M | 133.30M | 120.50M | 51.50M | 81.50M |
| Other Long-Term Assets | 139.10M | 40.90M | 245.20M | 34.40M | 56.80M | 14.50M |
| Total Assets | 5.86B | 5.10B | 4.87B | 4.97B | 4.90B | 5.14B |
| Accounts Payable | 199.20M | 165.50M | 121.30M | 140.60M | 132.20M | 138.40M |
| Accrued Expenses | 318.60M | 88.70M | 90.30M | 68.80M | 67.60M | 116.20M |
| Current Portion of Long-Term Debt | 27.90M | 2.90M | 10.40M | 11.50M | 11.50M | 27.80M |
| Current Portion of Leases | 16.50M | 15.20M | 15.00M | 15.90M | 18.70M | |
| Current Income Taxes Payable | 82.70M | 68.00M | 68.60M | 59.80M | 50.00M | |
| Other Current Liabilities | 20.90M | 73.60M | 74.50M | 64.90M | 57.40M | 64.10M |
| Total Current Liabilities | 566.60M | 429.90M | 379.70M | 369.40M | 344.40M | 415.20M |
| Long-Term Debt | 2.05B | 1.63B | 1.81B | 1.93B | 1.88B | 1.90B |
| Long-Term Leases | 69.50M | 66.40M | 78.10M | 71.40M | 42.10M | |
| Pension & Post-Retirement Benefits | 22.20M | 22.30M | 22.20M | 28.10M | 36.70M | 36.10M |
| Long-Term Deferred Tax Liabilities | 104.50M | 93.10M | 93.90M | 108.90M | 121.20M | 140.00M |
| Other Long-Term Liabilities | 226.60M | 163.20M | 99.70M | 112.00M | 97.10M | 100.40M |
| Total Liabilities | 2.97B | 2.41B | 2.48B | 2.63B | 2.55B | 2.64B |
| Common Stock | 2.70M | 2.70M | 2.70M | 2.70M | 2.70M | 2.60M |
| Additional Paid-In Capital | 4.32B | 4.28B | 4.21B | 4.20B | 4.19B | 4.17B |
| Retained Earnings | -765.60M | -904.60M | -1.02B | -1.18B | -1.22B | -1.33B |
| Treasury Stock | -431.80M | -393.90M | -349.50M | -341.90M | -334.20M | -159.20M |
| Comprehensive Income & Other | -252.30M | -308.90M | -467.20M | -345.90M | -298.10M | -197.40M |
| Total Common Equity | 2.87B | 2.67B | 2.38B | 2.33B | 2.33B | 2.48B |
| Minority Interest | 14.50M | 14.90M | 15.40M | 15.80M | 16.60M | 20.10M |
| Shareholders' Equity | 2.89B | 2.69B | 2.40B | 2.34B | 2.35B | 2.50B |
| Total Liabilities & Equity | 5.86B | 5.10B | 4.87B | 4.97B | 4.90B | 5.14B |
| Total Debt | 2.08B | 1.72B | 1.91B | 2.04B | 1.98B | 1.99B |
| Net Cash (Debt) | -1.85B | -1.10B | -1.54B | -1.73B | -1.68B | -1.66B |
| Net Cash Per Share | -7.59 | -4.52 | -6.36 | -7.15 | -6.85 | -6.71 |
| Filing Date Shares Outstanding | 242.60M | 243.58M | 242.45M | 241.99M | 241.36M | 248.16M |
| Total Common Shares Outstanding | 242.60M | 242.73M | 242.18M | 241.53M | 240.79M | 246.74M |
| Working Capital | 1.01B | 1.15B | 890.30M | 828.10M | 844.30M | 799.30M |
| Book Value Per Share | 11.84 | 11.02 | 9.84 | 9.64 | 9.69 | 10.05 |
| Tangible Book Value | -663.40M | -224.60M | -481.00M | -887.50M | -885.80M | -1.00B |
| Tangible Book Value Per Share | -2.73 | -0.93 | -1.99 | -3.67 | -3.68 | -4.06 |
| Land | 62.60M | 48.90M | 48.00M | 51.70M | 52.00M | 54.80M |
| Buildings | 229.20M | 214.80M | 180.00M | 168.50M | 163.90M | 162.00M |
| Machinery | 459.90M | 391.20M | 313.10M | 334.30M | 299.80M | 290.60M |
| Construction In Progress | 98.50M | 49.60M | 55.50M | 66.70M | 50.30M | 37.70M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 205.00M | 190.80M | 244.20M | 118.10M | 187.20M | 203.30M |
| Depreciation & Amortization | 169.50M | 151.20M | 157.60M | 166.70M | 161.30M | 163.90M |
| Loss (Gain) From Sale of Assets | 600.00K | -59.00M | ||||
| Asset Writedown & Restructuring Costs | 80.00M | |||||
| Stock-Based Compensation | 82.20M | 59.10M | 14.80M | 9.40M | 17.70M | 40.10M |
| Other Operating Activities | 200.00K | 26.20M | -42.00M | -40.30M | 28.90M | -35.50M |
| Change in Accounts Receivable | -145.30M | -57.60M | -29.90M | -6.80M | 6.40M | -48.70M |
| Change in Inventory | -84.80M | -39.10M | 7.80M | -9.50M | -31.20M | -46.50M |
| Change in Accounts Payable | 41.30M | 27.40M | -1.00M | 300.00K | -100.00K | 16.80M |
| Change in Other Net Operating Assets | 14.60M | -9.20M | 10.50M | 15.70M | -74.30M | 32.60M |
| Operating Cash Flow | 283.30M | 289.80M | 363.60M | 335.80M | 297.70M | 322.50M |
| Capital Expenditures | -100.40M | -62.20M | -68.40M | -52.70M | -47.80M | -46.30M |
| Sale of Property, Plant & Equipment | 700.00K | 1.50M | 1.40M | 4.80M | ||
| Cash Acquisitions | -865.80M | -3.90M | -214.80M | -22.60M | -536.50M | |
| Divestitures | -2.60M | 321.20M | ||||
| Other Investing Activities | 300.00K | 25.60M | -1.50M | 15.90M | -9.60M | 13.90M |
| Investing Cash Flow | -967.80M | 286.10M | -73.80M | -250.20M | -75.20M | -568.90M |
| Long-Term Debt Issued | 1.04B | 1.30B | 398.00M | |||
| Total Debt Issued | 464.40M | 1.04B | 1.30B | 398.00M | ||
| Long-Term Debt Repaid | -202.60M | -1.15B | -1.26B | -16.40M | -10.00M | |
| Total Debt Repaid | -6.40M | -202.60M | -1.15B | -1.26B | -16.40M | -10.00M |
| Net Debt Issued (Repaid) | 458.00M | -202.60M | -112.50M | 33.00M | -16.40M | 388.00M |
| Repurchase of Common Stock | -43.30M | -25.00M | -151.00M | -19.60M | ||
| Common Dividends Paid | -78.70M | -77.80M | -78.20M | -77.40M | -78.40M | -61.90M |
| Other Financing Activities | -20.20M | -15.00M | -15.90M | -14.30M | -29.80M | -16.50M |
| Financing Cash Flow | 315.80M | -320.40M | -206.60M | -58.70M | -275.60M | 290.00M |
| Foreign Exchange Rate Adjustments | -700.00K | 11.60M | -13.10M | -3.20M | -11.40M | -5.40M |
| Net Cash Flow | -369.40M | 267.10M | 70.10M | 23.70M | -64.50M | 38.20M |
| Free Cash Flow | 182.90M | 227.60M | 295.20M | 283.10M | 249.90M | 276.20M |
| Free Cash Flow Margin | 5.24% | 8.92% | 12.02% | 12.13% | 9.80% | 11.51% |
| Free Cash Flow Per Share | 0.75 | 0.94 | 1.22 | 1.17 | 1.02 | 1.11 |
| Levered Free Cash Flow | 114.24M | 335.60M | 279.09M | 288.90M | 244.81M | 227.97M |
| Unlevered Free Cash Flow | 164.99M | 368.98M | 314.27M | 319.71M | 276.81M | 261.85M |
| Cash Interest Paid | 68.60M | 68.60M | 64.80M | 56.10M | 46.90M | 50.60M |
| Cash Income Tax Paid | 98.80M | 98.80M | 87.20M | 73.70M | 66.50M | 71.20M |
| Change in Working Capital | -174.20M | -78.50M | -12.60M | -300.00K | -99.20M | -45.80M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.31B | 6.05B | 6.16B | 5.59B | 4.40B | 6.01B |
| Enterprise Value | 10.16B | 7.11B | 7.73B | 7.28B | 6.06B | 7.71B |
| Last Close Price | 34.27 | 24.83 | 24.94 | 22.41 | 17.34 | 22.79 |
| PE Ratio | 40.64 | 31.70 | 25.22 | 47.32 | 23.52 | 29.56 |
| Forward PE | 16.47 | 15.42 | 16.37 | 16.33 | 13.73 | 15.86 |
| PS Ratio | 2.38 | 2.37 | 2.51 | 2.40 | 1.73 | 2.50 |
| PB Ratio | 2.89 | 2.25 | 2.57 | 2.38 | 1.88 | 2.40 |
| P/FCF Ratio | 45.46 | 26.57 | 20.86 | 19.74 | 17.62 | 21.76 |
| P/OCF Ratio | 29.35 | 20.87 | 16.94 | 16.64 | 14.79 | 18.63 |
| PEG Ratio | 1.02 | 1.12 | 1.39 | 2.10 | 1.22 | 0.91 |
| EV/Sales Ratio | 2.91 | 2.79 | 3.15 | 3.12 | 2.38 | 3.21 |
| EV/EBITDA Ratio | 17.30 | 14.40 | 15.30 | 16.71 | 12.45 | 16.22 |
| EV/EBIT Ratio | 24.32 | 20.76 | 22.23 | 27.05 | 18.62 | 24.75 |
| EV/FCF Ratio | 55.56 | 31.22 | 26.19 | 25.73 | 24.24 | 27.92 |
| Debt / Equity Ratio | 0.72 | 0.64 | 0.80 | 0.87 | 0.84 | 0.80 |
| Debt / EBITDA Ratio | 3.54 | 3.49 | 3.58 | 4.40 | 3.87 | 3.99 |
| Debt / FCF Ratio | 11.38 | 7.57 | 6.46 | 7.20 | 7.93 | 7.21 |
| Net Debt / Equity Ratio | 0.64 | 0.41 | 0.64 | 0.74 | 0.72 | 0.67 |
| Net Debt / EBITDA Ratio | 3.15 | 2.22 | 3.05 | 3.96 | 3.46 | 3.50 |
| Net Debt / FCF Ratio | 10.11 | 4.82 | 5.22 | 6.11 | 6.74 | 6.02 |
| Asset Turnover | 0.64 | 0.51 | 0.50 | 0.47 | 0.51 | 0.50 |
| Inventory Turnover | 6.31 | 5.47 | 5.21 | 4.80 | 5.65 | 6.03 |
| Quick Ratio | 1.71 | 2.66 | 2.12 | 2.09 | 2.19 | 1.98 |
| Current Ratio | 2.78 | 3.68 | 3.35 | 3.24 | 3.45 | 2.92 |
| Return on Equity (ROE) | 7.39% | 7.51% | 10.24% | 4.95% | 7.68% | 8.44% |
| Return on Assets (ROA) | 4.79% | 4.29% | 4.42% | 3.41% | 4.05% | 4.05% |
| Return on Invested Capital (ROIC) | 5.75% | 6.37% | 7.33% | 5.97% | 5.43% | 6.45% |
| Return on Capital Employed (ROCE) | 7.90% | 7.30% | 7.70% | 5.80% | 7.10% | 6.60% |
| Earnings Yield | 2.46% | 3.16% | 3.96% | 2.11% | 4.25% | 3.38% |
| FCF Yield | 2.20% | 3.76% | 4.79% | 5.07% | 5.67% | 4.60% |
| Dividend Yield | 0.93% | 1.28% | 1.26% | 1.38% | 1.75% | 1.03% |
| Payout Ratio | 37.95% | 40.78% | 32.02% | 65.54% | 41.88% | 30.45% |
| Buyback Yield / Dilution | -0.38% | 0.08% | -0.33% | 1.63% | 0.85% | 0.80% |
| Total Shareholder Return | 0.55% | 1.37% | 0.93% | 3.01% | 2.60% | 1.83% |