NYSE : SCL
Stepan Company — Financial statements
Materials · Specialty Chemicals · United States
Last price 70.42 USD (Oct 30, 2026, 12:13 PM EDT) · Market cap 1.60B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Stepan Company (SCL) reported revenue of 2.53B 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 | 2.53B | 2.33B | 2.18B | 2.33B | 2.77B | 2.35B |
| Cost of Revenue | 2.23B | 2.06B | 1.91B | 2.05B | 2.35B | 1.95B |
| Gross Profit | 303.93M | 269.89M | 272.21M | 277.60M | 427.07M | 395.81M |
| Selling, General & Admin | 150.99M | 141.76M | 145.45M | 145.91M | 151.12M | 158.69M |
| Research & Development | 63.56M | 59.28M | 55.67M | 59.04M | 66.63M | 62.69M |
| Operating Expenses | 214.55M | 201.03M | 201.12M | 204.95M | 217.76M | 221.37M |
| Operating Income | 89.38M | 68.85M | 71.09M | 72.65M | 209.31M | 174.44M |
| Interest Expense | -26.84M | -26.23M | -19.46M | -15.95M | -10.89M | -7.01M |
| Interest & Investment Income | 5.04M | 5.04M | 6.58M | 4.70M | 2.84M | 4.14M |
| Currency Exchange Gain (Loss) | 203.00K | 203.00K | -1.44M | -3.70M | -2.87M | 501.00K |
| Other Non Operating Income (Expenses) | -382.00K | 483.00K | 352.00K | 383.00K | -212.00K | 559.00K |
| EBT Excluding Unusual Items | 67.41M | 48.36M | 57.12M | 58.08M | 198.18M | 172.63M |
| Merger & Restructuring Charges | -76.13M | -12.95M | -308.00K | -3.35M | ||
| Impairment of Goodwill | -6.25M | -6.25M | -1.06M | -978.00K | ||
| Gain (Loss) on Sale of Investments | 1.90M | 1.90M | 3.32M | 4.31M | -8.19M | 3.26M |
| Gain (Loss) on Sale of Assets | 15.89M | 15.89M | ||||
| Pretax Income | 2.83M | 59.90M | 60.44M | 48.39M | 188.70M | 172.54M |
| Income Tax Expense | -1.50M | 13.01M | 10.07M | 8.19M | 41.55M | 34.64M |
| Earnings From Continuing Operations | 4.32M | 46.90M | 50.37M | 40.20M | 147.15M | 137.90M |
| Minority Interest in Earnings | -91.00K | |||||
| Net Income | 4.32M | 46.90M | 50.37M | 40.20M | 147.15M | 137.80M |
| Net Income to Common | 4.32M | 46.90M | 50.37M | 40.20M | 147.15M | 137.80M |
| Shares Outstanding (Basic) | 22.89M | 22.87M | 22.83M | 22.78M | 22.78M | 22.92M |
| Shares Outstanding (Diluted) | 22.90M | 22.89M | 22.93M | 22.95M | 23.06M | 23.29M |
| EPS (Basic) | 0.19 | 2.05 | 2.21 | 1.77 | 6.46 | 6.01 |
| EPS (Diluted) | 0.19 | 2.05 | 2.20 | 1.75 | 6.38 | 5.92 |
| Free Cash Flow | 25.37M | 39.28M | -85.46M | -140.79M | -125.85M | |
| Free Cash Flow Per Share | 1.11 | 1.71 | -3.72 | -6.10 | -5.40 | |
| Dividend Per Share | 1.58 | 1.55 | 1.51 | 1.47 | 1.37 | 1.25 |
| Gross Margin | 11.99% | 11.57% | 12.48% | 11.94% | 15.40% | 16.87% |
| Operating Margin | 3.53% | 2.95% | 3.26% | 3.12% | 7.55% | 7.44% |
| Profit Margin | 0.17% | 2.01% | 2.31% | 1.73% | 5.31% | 5.87% |
| Free Cash Flow Margin | 1.09% | 1.80% | -3.67% | -5.08% | -5.37% | |
| EBITDA | 214.88M | 194.90M | 183.29M | 177.99M | 303.96M | 265.31M |
| EBITDA Margin | 8.48% | 8.36% | 8.41% | 7.65% | 10.96% | 11.31% |
| D&A For EBITDA | 125.50M | 126.04M | 112.20M | 105.34M | 94.65M | 90.88M |
| EBIT | 89.38M | 68.85M | 71.09M | 72.65M | 209.31M | 174.44M |
| EBIT Margin | 3.53% | 2.95% | 3.26% | 3.12% | 7.55% | 7.44% |
| Effective Tax Rate | 21.72% | 16.66% | 16.92% | 22.02% | 20.08% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 98.10M | 132.69M | 99.67M | 129.82M | 173.75M | 159.19M |
| Cash & Short-Term Investments | 98.10M | 132.69M | 99.67M | 129.82M | 173.75M | 159.19M |
| Receivables | 502.10M | 387.96M | 388.03M | 422.05M | 436.91M | 419.54M |
| Inventory | 340.00M | 298.83M | 288.72M | 265.56M | 402.53M | 305.54M |
| Other Current Assets | 42.56M | 39.48M | 34.02M | 34.45M | 31.61M | 29.10M |
| Total Current Assets | 982.76M | 858.96M | 810.43M | 851.88M | 1.04B | 913.37M |
| Property, Plant & Equipment | 1.13B | 1.28B | 1.27B | 1.28B | 1.14B | 920.22M |
| Goodwill | 92.57M | 91.37M | 97.44M | 95.92M | 97.19M | |
| Other Intangible Assets | 39.53M | 42.67M | 52.57M | 58.03M | 60.78M | |
| Long-Term Deferred Tax Assets | 43.73M | 40.05M | 29.25M | 46.68M | 20.94M | |
| Other Long-Term Assets | 274.74M | 40.79M | 50.19M | 54.90M | 51.90M | 53.11M |
| Total Assets | 2.39B | 2.36B | 2.30B | 2.36B | 2.43B | 2.07B |
| Accounts Payable | 315.20M | 261.72M | 258.79M | 233.03M | 375.73M | 323.36M |
| Accrued Expenses | 104.04M | 117.44M | 121.94M | 162.81M | 136.40M | |
| Short-Term Debt | 11.33M | |||||
| Current Portion of Long-Term Debt | 292.41M | 285.74M | 292.81M | 241.57M | 132.11M | 40.72M |
| Current Portion of Leases | 14.99M | |||||
| Total Current Liabilities | 742.98M | 666.49M | 669.03M | 607.87M | 670.65M | 500.48M |
| Long-Term Debt | 341.69M | 340.98M | 332.63M | 401.25M | 455.03M | 322.86M |
| Long-Term Leases | 49.34M | 57.39M | 58.03M | 50.56M | 56.67M | |
| Long-Term Unearned Revenue | 2.22M | 4.43M | 6.65M | 8.76M | 9.98M | |
| Pension & Post-Retirement Benefits | 3.43M | 8.51M | 5.43M | 5.24M | 4.55M | |
| Long-Term Deferred Tax Liabilities | 11.01M | 11.45M | 9.61M | 10.37M | 10.18M | 12.49M |
| Other Long-Term Liabilities | 75.94M | 39.79M | 53.11M | 57.27M | 66.69M | 84.39M |
| Total Liabilities | 1.17B | 1.11B | 1.13B | 1.15B | 1.27B | 991.42M |
| Common Stock | 1.22B | 27.30M | 27.16M | 27.01M | 26.84M | 26.76M |
| Additional Paid-In Capital | 259.82M | 253.78M | 247.03M | 237.20M | 220.82M | |
| Retained Earnings | 1.29B | 1.27B | 1.26B | 1.25B | 1.13B | |
| Treasury Stock | -189.89M | -188.05M | -184.41M | -180.60M | -153.70M | |
| Comprehensive Income & Other | -138.97M | -196.84M | -130.60M | -167.51M | -153.24M | |
| Total Common Equity | 1.22B | 1.24B | 1.17B | 1.22B | 1.17B | 1.07B |
| Shareholders' Equity | 1.22B | 1.24B | 1.17B | 1.22B | 1.17B | 1.07B |
| Total Liabilities & Equity | 2.39B | 2.36B | 2.30B | 2.36B | 2.43B | 2.07B |
| Total Debt | 634.10M | 691.04M | 682.83M | 712.17M | 637.70M | 420.25M |
| Net Cash (Debt) | -536.00M | -558.35M | -583.17M | -582.35M | -463.95M | -261.06M |
| Net Cash Per Share | -23.41 | -24.39 | -25.43 | -25.38 | -20.12 | -11.21 |
| Filing Date Shares Outstanding | 22.91M | 22.64M | 22.50M | 22.38M | 22.24M | 22.42M |
| Total Common Shares Outstanding | 22.91M | 22.62M | 22.50M | 22.38M | 22.23M | 22.42M |
| Working Capital | 239.79M | 192.47M | 141.40M | 244.01M | 374.15M | 412.89M |
| Book Value Per Share | 53.21 | 54.99 | 52.00 | 54.36 | 52.44 | 47.91 |
| Tangible Book Value | 1.22B | 1.11B | 1.04B | 1.07B | 1.01B | 916.22M |
| Tangible Book Value Per Share | 53.21 | 49.15 | 46.04 | 47.66 | 45.52 | 40.87 |
| Land | 58.40M | 54.46M | 52.84M | 50.70M | 50.67M | |
| Buildings | 455.06M | 399.23M | 335.03M | 293.26M | 260.81M | |
| Machinery | 2.16B | 1.92B | 1.80B | 1.64B | 1.54B | |
| Construction In Progress | 112.90M | 275.05M | 400.36M | 386.12M | 237.55M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 46.90M | 50.37M | 40.20M | 147.15M | 137.80M | |
| Depreciation & Amortization | 126.04M | 112.20M | 105.34M | 94.65M | 90.88M | |
| Asset Writedown & Restructuring Costs | 6.25M | 2.04M | 978.00K | |||
| Loss (Gain) From Sale of Investments | -1.90M | -3.32M | -4.31M | 8.19M | -2.29M | |
| Stock-Based Compensation | 8.15M | 7.50M | 10.11M | 4.46M | 18.61M | |
| Other Operating Activities | -15.52M | -7.48M | 23.43M | -25.70M | -31.36M | |
| Change in Accounts Receivable | 23.72M | 9.04M | 32.01M | -26.15M | -104.23M | |
| Change in Inventory | 500.00K | -37.18M | 144.85M | -99.39M | -79.26M | |
| Change in Accounts Payable | -32.71M | 33.97M | -158.92M | 54.17M | 44.41M | |
| Change in Unearned Revenue | -2.69M | -2.21M | -2.14M | -962.00K | 277.00K | |
| Change in Other Net Operating Assets | -10.86M | -827.00K | -17.72M | 3.37M | -2.71M | |
| Operating Cash Flow | 147.88M | 162.05M | 174.88M | 160.76M | 72.14M | |
| Capital Expenditures | -122.51M | -122.78M | -260.33M | -301.55M | -197.99M | |
| Sale of Property, Plant & Equipment | 26.59M | 4.15M | ||||
| Cash Acquisitions | -9.69M | -184.47M | ||||
| Other Investing Activities | 6.88M | 5.83M | 1.67M | 3.16M | 1.48M | |
| Investing Cash Flow | -89.05M | -116.94M | -258.67M | -308.09M | -376.83M | |
| Long-Term Debt Issued | 75.00M | 19.89M | 104.72M | 261.55M | 202.86M | |
| Long-Term Debt Repaid | -73.76M | -48.57M | -37.86M | -37.86M | -37.86M | |
| Net Debt Issued (Repaid) | 1.24M | -28.68M | 66.86M | 223.69M | 165.00M | |
| Issuance of Common Stock | 104.00K | 1.11M | 2.79M | 782.00K | 1.37M | |
| Repurchase of Common Stock | -24.95M | -16.97M | ||||
| Common Dividends Paid | -35.03M | -33.95M | -32.87M | -30.57M | -28.08M | |
| Other Financing Activities | -1.76M | -3.00M | -3.50M | -2.75M | -3.99M | |
| Financing Cash Flow | -35.44M | -64.52M | 33.28M | 166.21M | 117.33M | |
| Foreign Exchange Rate Adjustments | 9.63M | -10.75M | 6.58M | -4.32M | -3.39M | |
| Net Cash Flow | 33.02M | -30.16M | -43.93M | 14.56M | -190.75M | |
| Free Cash Flow | 25.37M | 39.28M | -85.46M | -140.79M | -125.85M | |
| Free Cash Flow Margin | 1.09% | 1.80% | -3.67% | -5.08% | -5.37% | |
| Free Cash Flow Per Share | 1.11 | 1.71 | -3.72 | -6.10 | -5.40 | |
| Levered Free Cash Flow | 10.20M | 59.58M | -148.39M | -107.13M | -108.16M | |
| Unlevered Free Cash Flow | 26.59M | 71.75M | -138.43M | -100.32M | -103.78M | |
| Cash Interest Paid | 28.68M | 29.85M | 27.95M | 16.53M | 9.54M | |
| Cash Income Tax Paid | 8.50M | -12.34M | 29.56M | 41.62M | 92.87M | |
| Change in Working Capital | -22.04M | 2.79M | -1.93M | -68.96M | -141.51M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.60B | 1.07B | 1.46B | 2.11B | 2.37B | 2.79B |
| Enterprise Value | 2.13B | 1.68B | 2.07B | 2.73B | 2.83B | 3.03B |
| Last Close Price | 70.30 | 46.35 | 61.47 | 88.18 | 97.69 | 112.60 |
| PE Ratio | 372.37 | 22.84 | 28.89 | 52.60 | 16.08 | 20.22 |
| Forward PE | 19.72 | 14.33 | 16.91 | 28.07 | 15.65 | 17.88 |
| PS Ratio | 0.63 | 0.46 | 0.67 | 0.91 | 0.85 | 1.19 |
| PB Ratio | 1.32 | 0.86 | 1.24 | 1.74 | 2.03 | 2.59 |
| P/TBV Ratio | 1.31 | 0.96 | 1.41 | 1.98 | 2.34 | 3.04 |
| P/FCF Ratio | 43.68 | 42.23 | 37.05 | |||
| P/OCF Ratio | 10.31 | 7.24 | 8.98 | 12.09 | 14.72 | 38.62 |
| PEG Ratio | 1.82 | 1.82 | 1.82 | 1.82 | 1.82 | |
| EV/Sales Ratio | 0.84 | 0.72 | 0.95 | 1.17 | 1.02 | 1.29 |
| EV/EBITDA Ratio | 9.93 | 8.60 | 11.28 | 15.31 | 9.31 | 11.44 |
| EV/EBIT Ratio | 23.88 | 24.33 | 29.07 | 37.51 | 13.51 | 17.40 |
| EV/FCF Ratio | 58.34 | 66.04 | 52.62 | |||
| Debt / Equity Ratio | 0.52 | 0.56 | 0.58 | 0.58 | 0.55 | 0.39 |
| Debt / EBITDA Ratio | 2.95 | 3.04 | 3.18 | 3.41 | 1.94 | 1.46 |
| Debt / FCF Ratio | 27.24 | 17.39 | ||||
| Net Debt / Equity Ratio | 0.44 | 0.45 | 0.50 | 0.48 | 0.40 | 0.24 |
| Net Debt / EBITDA Ratio | 2.49 | 2.87 | 3.18 | 3.27 | 1.53 | 0.98 |
| Net Debt / FCF Ratio | 22.01 | 14.85 | -6.81 | -3.29 | -2.07 | |
| Asset Turnover | 1.05 | 1.00 | 0.93 | 0.97 | 1.23 | 1.23 |
| Inventory Turnover | 6.72 | 7.02 | 6.88 | 6.13 | 6.63 | 7.44 |
| Quick Ratio | 0.81 | 0.78 | 0.73 | 0.91 | 0.91 | 1.16 |
| Current Ratio | 1.32 | 1.29 | 1.21 | 1.40 | 1.56 | 1.82 |
| Return on Equity (ROE) | 0.35% | 3.89% | 4.22% | 3.38% | 13.14% | 13.37% |
| Return on Assets (ROA) | 2.32% | 1.85% | 1.90% | 1.89% | 5.82% | 5.71% |
| Return on Invested Capital (ROIC) | 5.02% | 3.03% | 3.34% | 3.52% | 11.01% | 12.54% |
| Return on Capital Employed (ROCE) | 5.40% | 4.10% | 4.30% | 4.10% | 11.90% | 11.10% |
| Earnings Yield | 0.27% | 4.38% | 3.46% | 1.90% | 6.22% | 4.95% |
| FCF Yield | 2.29% | 2.37% | 2.70% | -4.04% | -5.95% | -4.52% |
| Dividend Yield | 2.30% | 3.27% | 2.33% | 1.55% | 1.29% | 1.01% |
| Payout Ratio | 858.09% | 74.70% | 67.40% | 81.75% | 20.78% | 20.38% |
| Buyback Yield / Dilution | -0.01% | 0.18% | 0.07% | 0.51% | 0.96% | -0.13% |
| Total Shareholder Return | 2.30% | 3.45% | 2.40% | 2.07% | 2.25% | 0.87% |