Ashland Inc.
ASHLAND INC. is classified under Basic Materials / Commodity & Specialty Chemicals and appears not currently profitable on the latest normalized snapshot.
Business. Ashland Inc. (NYSE: ASH) is a global specialty chemicals company that develops and manufactures performance chemicals and materials. The firm operates within the commodity and specialty chemicals industry, focusing on product sales as its primary revenue model. Headquartered in the United States, Ashland is listed on the New York Stock Exchange under the ticker symbol ASH. Specific operating segments and geographic breakdowns are not provided in the available data.
Analyst recommendations
12 analysts · consensus BuyAt a glance
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- Company
- EarningsFY 2026 earnings (expected)2026-11-09 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Ashland Inc. (NYSE: ASH) is a global specialty chemicals company that develops and manufactures performance chemicals and materials. The firm operates within the commodity and specialty chemicals industry, focusing on product sales as its primary revenue model. Headquartered in the United States, Ashland is listed on the New York Stock Exchange under the ticker symbol ASH. Specific operating segments and geographic breakdowns are not provided in the available data.
ASHLAND INC. (ASH) is currently classified as Chemicals within Commodity & Specialty Chemicals (Basic Materials). Classification confidence: 0.70 (rule-based classification). Capital structure on the latest snapshot: total assets 4,499,000,000 USD, total equity 1,866,000,000, short-term debt 0, long-term debt 1,374,000,000. Net cash position is approximately -1,031,000,000 USD. Self-calculated market cap is 3,128 USD (market_price × shares_outstanding_diluted). Profitability profile: revenue 868,000,000, gross profit 252,000,000, operating income 33,000,000, net income 0. Risk profile from automated assessment: liquidity risk medium, dilution risk medium. Flags: Net cash is negative after subtracting total debt.; Source documents mention dilution or offering risk.. Recent news context: [TRIGGER] 8-K: 8-K (sec_8k_material) on ASH — filing_type=8-K; max_severity=high; ignored_items=['9.01']; material_items=['1.01', '2.03']; all_items_found=['1.01', '2.03', '9.01']; severity_per_code={'1.01': 'high', '2.03': 'medium'}; contributing_watchers=sec_8k_material (source=sec_8k_material; url=0001193125-26-328710). Additional context: 8-K: filing_type=8-K; max_severity=high; ignored_items=['9.01']; material_items=['1.01', '2.03']; all_items_found=['1.01', '2.03', '9.01']; severity_per_code={'1.01': 'high', '2.03': 'medium'}; contributing_watchers=sec_8k_material.
- Debt to equity is about 0.74x.
- [TRIGGER] 8-K: 8-K (sec_8k_material) on ASH — filing_type=8-K; max_severity=high; ignored_items=['9.01']; material_items=['1.01', '2.03']; all_items_found=['1.01', '2.03', '9.01']; severity_per_code={'1.01': 'high', '2.03': 'medium'}; contributing_watchers=sec_8k_material (source=sec_8k_material; url=0001193125-26-328710)
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- Ashland recorded an impairment charge of zero and $ 183 million ($ 1 million allocated to goodwill, $ 134 million to other intangible assets, $ 33 million to property, plant and equipment, $ 14 million to operating lease assets, net and $ 1 million to other current assets) within the income (loss) on divestitures, net caption of the Statement of Condensed Consolidated Comprehensive Income (Loss) for the three and six months ended March 31, 2025.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue $868.0M; Operating income $33.0M.
- ▍Revenue $868.0M
- ▍Operating income $33.0M
- ▍Operating margin 3.8%
Revenue $386.0M; Operating income -$6.0M.
- ▍Revenue $386.0M
- ▍Operating income -$6.0M
- ▍Operating margin -1.6%
Revenue $1.82B; Operating income -$775.0M.
- ▍Revenue $1.82B
- ▍Operating income -$775.0M
- ▍Operating margin -42.5%
Revenue $2.11B; Operating income -$26.0M.
- ▍Revenue $2.11B
- ▍Operating income -$26.0M
- ▍Operating margin -1.2%
Revenue $2.11B; Operating income -$26.0M.
- ▍Revenue $2.11B
- ▍Operating income -$26.0M
- ▍Operating margin -1.2%
Revenue $2.19B; Operating income $172.0M.
- ▍Revenue $2.19B
- ▍Operating income $172.0M
- ▍Operating margin 7.9%
Revenue $2.19B; Operating income $172.0M.
- ▍Revenue $2.19B
- ▍Operating income $172.0M
- ▍Operating margin 7.9%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 3,60 |
| Revenue | —no estimate | —no estimate | 1,8B USD |
| Operating income | —no estimate | —no estimate | 210,0M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
- Source documents mention dilution or offering risk.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- SVP and CTO · Stock Appreciation Rights → Common StockDisposed 9 793 @ $57,96exercise · 2026-07-29
- SVP and GM, Life Sciences · Restricted Stock Unit → Common StockDisposed 3 215exercise · 2026-07-27
- Director · Common Stock Units → Common StockAcquired 379grant · 2026-06-30
- Director · Common Stock Units → Common StockAcquired 218grant · 2026-06-30
- Director · Restricted Stock Units → Common StockAcquired 1 741grant · 2026-05-15
- SVP and GM, Personal Care · Restricted Stock Unit → Common StockDisposed 4 310exercise · 2026-05-08
- Director · Common Stock Units → Common StockAcquired 450grant · 2026-03-31
- Director · Common Stock Units → Common StockAcquired 258grant · 2026-03-31
- Director, Chair of the Board and CEO · Restricted Stock Units → Common StockAcquired 32 096grant · 2026-02-06
- Director · Restricted Stock Units → Common StockAcquired 2 113exercise · 2026-01-21
- Director · Restricted Stock Units → Common StockAcquired 2 449grant · 2026-01-20
- Director · Restricted Stock Units → Common StockAcquired 2 449grant · 2026-01-20
- Director · Restricted Stock Units → Common StockAcquired 2 449grant · 2026-01-20
- Director · Restricted Stock Units → Common StockAcquired 2 449grant · 2026-01-20
- Director · Restricted Stock Units → Common StockAcquired 2 449grant · 2026-01-20
- Director · Restricted Stock Units → Common StockAcquired 2 449grant · 2026-01-20
- Director · Restricted Stock Units → Common StockAcquired 2 449grant · 2026-01-20
- Director · Common Stock Units → Common StockAcquired 426grant · 2025-12-31
- Director · Common Stock Units → Common StockAcquired 245grant · 2025-12-31
- SVP & GM, Specialty Additives · Restricted Stock Units → Common StockAcquired 4 250grant · 2025-11-19
- SVP and GM, Life Sciences · Restricted Stock Units → Common StockAcquired 6 136grant · 2025-11-19
- SVP and GM, Life Sciences · Stock Appreciation Rights → Common StockAcquired 13 807 @ $50,58grant · 2025-11-19
- SVP, Gen Counsel and Secrty. · Restricted Stock Units → Common StockAcquired 3 965grant · 2025-11-19
- SVP, Gen Counsel and Secrty. · Stock Appreciation Rights → Common StockAcquired 8 922 @ $50,58grant · 2025-11-19
- Director, Chair of the Board and CEO · Restricted Stock Units → Common StockAcquired 43 495grant · 2025-11-19
Actions
Ask Handelsavisen
- Market data
- Regulatory filings
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Ev To Operating Incomeenterprise_value / operating_income
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Ev To Revenueenterprise_value / revenue
- Capex To Revenuecapital_expenditure / revenue
- Enterprise Valuemarket_cap - net_cash
- ASHLAND INC. company facts · 2026-08-01
- ASHLAND INC. 10-Q 2026-04-29 · 2026-08-01
- ASHLAND INC. 10-Q 2026-02-03 · 2026-08-01
- ASHLAND INC. 10-K 2025-11-20 · 2026-08-01
- ASHLAND INC. 10-Q 2025-07-30 · 2026-08-01
- 8-K (sec_8k_material) on ASH · 2026-08-01
- Ashland Inc Market data — analyst estimates · 2026-08-01
- Ashland Inc Market data — ESG · 2026-08-01
Ownership & reference
Top holders
- Institutional Investor · as of 2026-03-310,05 %$157M
- Investment Managers · as of 2026-03-310,05 %$110M
- Investment Managers · as of 2026-03-310,03 %$63M
- Investment Managers · as of 2026-03-310,03 %$139M
- Investment Managers · as of 2026-03-310,02 %$97M
- Investment Managers · as of 2024-06-300,01 %$423M
- Investment Managers · as of 2026-03-310,01 %$14M
- Brokerage Firms · as of 2026-03-310,01 %$21M
- Institutional Investor · as of 2022-09-300,01 %$0M
- Investment Managers · as of 2026-03-310,00 %$9M
- Investment Managers · as of 2025-12-310,00 %$266M
- Investment Managers · as of 2026-03-310,00 %$24M
- Investment Managers · as of 2026-03-310,00 %$27M
- Institutional Investor · as of 2026-03-310,00 %$17M
- Investment Managers · as of 2026-03-310,00 %$86M
- Investment Managers · as of 2026-03-310,00 %$47M
- Investment Managers · as of 2026-03-310,00 %$15M
- Investment Managers · as of 2024-12-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$3M
- Institutional Investor · as of 2026-03-310,00 %$7M
- Funds · as of 2026-03-310,00 %$10M
- Brokerage Firms · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$18M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$3M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- SVP and CTO · Common StockOther 1 267 @ $57,96$73K · 2026-07-29
- SVP and GM, Life Sciences · Common StockOther 884 @ $66,38$59K · 2026-07-27
- SVP and GM, Life Sciences · Common StockOther 3 215 @ $66,38$213K · 2026-07-27
- SVP and GM, Personal Care · Common StockOther 1 346 @ $55,01$74K · 2026-05-08
- SVP and GM, Personal Care · Common StockOther 4 310 @ $55,01$237K · 2026-05-08
- Director · Common StockOther 2 113 · 2026-01-21
- Director, Chair of the Board and CEO · Common StockOther 6 122 @ $49,60$304K · 2025-11-17
- Director, Chair of the Board and CEO · Common StockOther 2 563 @ $49,60$127K · 2025-11-17
Short positioning
Geographic breakdown
Intel & risk
no material change vs prior analysis (walked 17 fields; 4 schema-expansion field(s) excluded)
- Narrative— → —medium
- Conclusion— → —medium
- Key takeaways— → —medium
- Company share pct— → —medium
Evidence & claims
From filings & derived data- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -27.5%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 38.8%Derived (calculated)
- Current ratio (FY 2025-12-31): 3.15xDerived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -13.6%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 5.6%Derived (calculated)
- Total assets (annual): USD 4.52BSEC XBRL filing
- Shareholders' equity (annual): USD 1.88BSEC XBRL filing
- Current assets (annual): USD 1.15BSEC XBRL filing
- Current liabilities (annual): USD 366MSEC XBRL filing
- Long-term debt (annual): USD 1.39BSEC XBRL filing
- Cash & equivalents (annual): USD 304MSEC XBRL filing
- Gross profit (YoY) (2025-09-30 vs 2024-09-30): -11.2%Derived (calculated)
- Gross margin (FY 2025-09-30): 30.1%Derived (calculated)
- Capex (YoY) (2025-09-30 vs 2024-09-30): -28.5%Derived (calculated)
- Cost of revenue (YoY) (2025-09-30 vs 2024-09-30): -14.7%Derived (calculated)
- EPS (basic) (YoY) (2025-09-30 vs 2024-09-30): -636.2%Derived (calculated)
- EPS (diluted) (YoY) (2025-09-30 vs 2024-09-30): -642.6%Derived (calculated)
- Operating income (YoY) (2025-09-30 vs 2024-09-30): -2,880.8%Derived (calculated)
- R&D expense (YoY) (2025-09-30 vs 2024-09-30): -1.8%Derived (calculated)
- Revenue (YoY) (2025-09-30 vs 2024-09-30): -13.7%Derived (calculated)
- EPS (diluted) (annual): USD-PER-SHARES -18SEC XBRL filing
- Cost of revenue (annual): USD 1.27BSEC XBRL filing
- Pre-tax income (annual): USD -809MSEC XBRL filing
- R&D expense (annual): USD 54MSEC XBRL filing