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Ashland Inc.

$69.92 +$10.07 (+16.83%)
NYSE · 14 Sep 2026 17:46 UTC
Previous Close
$70.91
Day Range
$69.52$70.62
Year Range
$46.3$78.25
Market Cap
3.2B
AVG Volume
899.11K
Trailing/Forward PE
61.34/16.24
PEG ratio
2.79
Dividend Yield
2.39%
Next Earnings Date
2026-11-03
Primary Exchange
New York Stock ExchangeUS
Revenue (USD)
02B4B6B2016201720182019202020212022202320242025
ASH Revenue (USD) by year
PeriodRevenue (USD)
20251.82B
20242.11B
20232.19B
20222.39B
20211.84B
20202.33B
20192.49B
20182.88B
20173.26B
20164.45B
Net Income (USD)
-1B-500M0500M1B2016201720182019202020212022202320242025
ASH Net Income (USD) by year
PeriodNet Income (USD)
2025-844M
2024168M
2023177M
2022927M
2021221M
2020-508M
2019505M
2018115M
20170
2016-29M
Operating Income (USD)
-400M-200M0200M400M2016201720182019202020212022202320242025
ASH Operating Income (USD) by year
PeriodOperating Income (USD)
2025119M
2024-27M
2023172M
2022375M
2021117M
2020-388M
2019166M
2018125M
2017146M
2016209M
EBITDA (USD)
-500M-250M0250M500M750M2016201720182019202020212022202320242025
ASH EBITDA (USD) by year
PeriodEBITDA (USD)
2025-459M
2024303M
2023463M
2022509M
2021374M
2020-170M
2019438M
2018433M
2017434M
2016518M
Cash Flows (USD)
-200M0200M400M2016201720182019202020212022202320242025
ASH Cash Flows (USD) by year
PeriodCash Flows (USD)
2025116M
2024287M
202373M
2022-32M
2021286M
2020127M
201987M
2018127M
2017174M
2016394M
EPS (USD)
-20-10010202016201720182019202020212022202320242025
ASH EPS (USD) by year
PeriodEPS (USD)
2025-18.29
20243.35
20233.29
202216.21
20213.57
2020-8.27
20198.2
20181.79
2017-0.01
2016-0.59
Expenses (USD)
0500M1B1.5B2BR&DSG&ACapex2016201720182019202020212022202320242025
ASH Expenses (USD) by year
PeriodExpenses (USD)
2025426M
2024595M
2023584M
2022561M
2021487M
2020626M
2019694M
2018984M
2017969M
20161.54B
Cash & Debt (USD)
01B2B3B4BCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
ASH Cash & Debt (USD) by year
PeriodCash & Debt (USD)
2025207M
2024300M
2023417M
2022646M
2021210M
2020454M
2019232M
2018294M
2017566M
20161.19B
Debt ratios
00.511.5220182019202020212022202320242025
ASH Debt ratios by year
PeriodDebt ratios
20251.57
20240.71
20230.89
20220.64
20211.76
20201.35
20190.79
20181.08
Margins
0%10%20%30%40%2016201720182019202020212022202320242025
ASH Margins by year
PeriodMargins
202525.75%
202429.28%
202330.49%
202234.74%
202131.65%
202030.4%
201930.77%
201831.7%
201727.21%
201632.1%
Return on Capital
-60%-40%-20%0%20%40%2016201720182019202020212022202320242025
ASH Return on Capital by year
PeriodReturn on Capital
2025-44.68%
20245.86%
20235.72%
202228.79%
20218.03%
2020-16.73%
201914.14%
20183.38%
20170%
2016-0.92%
Shares Outstanding
020M40M60M80M2016201720182019202020212022202320242025
ASH Shares Outstanding by year
PeriodShares Outstanding
202546M
202447M
202351M
202254M
202157M
202061M
201960M
201862M
201762M
201662M
Dividends (USD)
00.511.522017201820192020202120222023202420252026
ASH Dividends (USD) by year
PeriodDividends (USD)
20261.25
20251.65
20241.6
20231.49
20221.3
20211.18
20201.1
20191.08
20180.97
20170.87
Employee Count
05K10K15K2016201720182019202020212022202320242025
ASH Employee Count by year
PeriodEmployee Count
20252.9K
20243.2K
20233.8K
20223.9K
20214.1K
20204.5K
20194.7K
20186K
20176.5K
201611K
Book Value Per Share (USD)
0204060802016201720182019202020212022202320242025
ASH Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
202541.07
202461.02
202360.73
202259.63
202148.28
202049.77
201959.52
201854.94
201754.94
201651.05
Total Assets (USD)
02.5B5B7.5B10B2016201720182019202020212022202320242025
ASH Total Assets (USD) by year
PeriodTotal Assets (USD)
20254.62B
20245.64B
20235.94B
20226.21B
20216.61B
20206.88B
20197.25B
20188.25B
20178.62B
20169.7B
PE Ratio
020406080med 24.33Jun 23Oct 23Jan 24May 24Aug 24Nov 24Sep 26
ASH PE Ratio by year
PeriodPE Ratio
Sep 2662.73
Sep 2664.52
Aug 2665.79
Aug 2664.28
Aug 2665.2
Aug 2667.63
Jul 2664.23
Jan 2519.88
Jan 2519.98
Jan 2519.28
Jan 2519.69
Dec 2420.02
Dec 2420.1
Dec 2420.92
Dec 2421.12
Nov 2421.84
Nov 2422.12
Nov 2426
Nov 2427.35
Nov 2428.66
Oct 2428.32
Oct 2429.65
Oct 2428.97
Oct 2428.92
Sep 2429.6
Sep 2429.5
Sep 2429.29
Sep 2428.72
Aug 2430.24
Aug 2429.93
Aug 2428.71
Aug 2427.73
Aug 2424.36
Jul 2425.05
Jul 2424.72
Jul 2424.66
Jul 2424.12
Jun 2424.61
Jun 2425.22
Jun 2424.98
Jun 2426.08
May 2426.09
May 2425.95
May 2426.06
May 2425.53
May 2424.96
Apr 2430.06
Apr 2430.03
Apr 2429.8
Apr 2429.66
Mar 2430.47
Mar 2429.81
Mar 2430.28
Mar 2429.88
Mar 2429.86
Feb 2429.46
Feb 2428.84
Feb 2428.42
Feb 2428.65
Jan 2423.19
Jan 2422.77
Jan 2423.42
Jan 2422.98
Dec 2324.29
Dec 2324.6
Dec 2324.56
Dec 2324.05
Dec 2323.7
Nov 2322.84
Nov 2322.16
Nov 2315.6
Nov 2316.71
Oct 2316.21
Oct 2316.51
Oct 2316.35
Oct 2317.02
Sep 2317.59
Sep 2317.9
Sep 2317.93
Sep 2317.83
Sep 2318.69
Aug 2318.24
Aug 2318.52
Aug 2319.2
Aug 2319.7
Jul 2319.77
Jul 2321.93
Jul 2321.05
Jul 2320.98
Jun 2321.02
Jun 2319.82
Jun 2320.89
Jun 2320.89
Jun 2321.61
May 2321.09
May 2321.86
May 2321.85
May 2322.01
Apr 236
Apr 236.05
Free Cash Flow Yield
0%5%10%15%med 4.28%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
ASH Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 269.9%
Sep 269.63%
Aug 269.44%
Aug 269.66%
Aug 269.53%
Aug 269.18%
Jul 269.67%
Jul 2610.99%
Jul 2610.63%
Jul 2610.93%
Jul 2610.89%
Jun 2611.41%
Jun 2610.74%
Jun 2611.23%
Jun 2612.98%
May 2612.6%
May 2612.75%
May 2613.38%
May 2613.26%
May 2614.08%
Apr 2610.98%
Apr 2610.77%
Apr 2611.17%
Apr 2611.59%
Mar 2611.85%
Mar 2612.92%
Mar 2612.62%
Mar 2611.37%
Feb 2610.11%
Feb 269.73%
Feb 2610.35%
Feb 269.83%
Jan 264.12%
Jan 263.98%
Jan 264.01%
Jan 264.05%
Jan 264.21%
Dec 254.22%
Dec 254.24%
Dec 254.26%
Dec 254.3%
Nov 254.77%
Nov 255.01%
Nov 252.49%
Nov 252.56%
Oct 252.62%
Oct 252.54%
Oct 252.63%
Oct 252.7%
Oct 252.64%
Sep 252.63%
Sep 252.58%
Sep 252.43%
Sep 252.34%
Aug 252.28%
Aug 252.27%
Aug 252.38%
Aug 252.46%
Aug 252.54%
Jul 251.41%
Jul 251.41%
Jul 251.35%
Jul 251.35%
Jun 251.42%
Jun 251.48%
Jun 251.46%
Jun 251.44%
May 251.46%
May 251.46%
May 251.37%
May 251.44%
May 251.46%
Apr 252.92%
Apr 253.08%
Apr 253.08%
Apr 253.16%
Mar 252.63%
Mar 252.75%
Mar 252.72%
Mar 252.66%
Feb 252.55%
Feb 252.39%
Feb 252.39%
Feb 252.45%
Jan 252.45%
Jan 258.59%
Jan 258.55%
Jan 258.86%
Jan 258.68%
Dec 248.53%
Dec 248.5%
Dec 248.17%
Dec 248.09%
Nov 247.82%
Nov 247.72%
Nov 248.11%
Nov 247.71%
Nov 247.36%
Oct 247.44%
Oct 247.11%
Price to Sales
11.251.51.7522.25med 1.44Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
ASH Price to Sales by year
PeriodPrice to Sales
Sep 261.77
Sep 261.82
Aug 261.86
Aug 261.81
Aug 261.84
Aug 261.91
Jul 261.81
Jul 261.68
Jul 261.74
Jul 261.69
Jul 261.7
Jun 261.62
Jun 261.72
Jun 261.64
Jun 261.42
May 261.47
May 261.45
May 261.38
May 261.39
May 261.31
Apr 261.46
Apr 261.49
Apr 261.44
Apr 261.39
Mar 261.35
Mar 261.24
Mar 261.27
Mar 261.41
Feb 261.59
Feb 261.65
Feb 261.55
Feb 261.63
Jan 261.54
Jan 261.6
Jan 261.59
Jan 261.57
Jan 261.51
Dec 251.5
Dec 251.5
Dec 251.49
Dec 251.48
Nov 251.33
Nov 251.27
Nov 251.27
Nov 251.23
Oct 251.2
Oct 251.24
Oct 251.2
Oct 251.17
Oct 251.2
Sep 251.2
Sep 251.22
Sep 251.3
Sep 251.35
Aug 251.38
Aug 251.39
Aug 251.33
Aug 251.28
Aug 251.24
Jul 251.2
Jul 251.2
Jul 251.25
Jul 251.26
Jun 251.19
Jun 251.14
Jun 251.16
Jun 251.17
May 251.16
May 251.16
May 251.24
May 251.17
May 251.16
Apr 251.22
Apr 251.16
Apr 251.16
Apr 251.13
Mar 251.36
Mar 251.3
Mar 251.31
Mar 251.34
Feb 251.4
Feb 251.49
Feb 251.49
Feb 251.46
Jan 251.46
Jan 251.58
Jan 251.59
Jan 251.53
Jan 251.56
Dec 241.59
Dec 241.6
Dec 241.66
Dec 241.68
Nov 241.74
Nov 241.76
Nov 241.82
Nov 241.92
Nov 242.01
Oct 241.99
Oct 242.08
EV/EBITDA
020406080med 15.46Dec 23Apr 24Jul 24Nov 24Feb 25May 25Sep 26
ASH EV/EBITDA by year
PeriodEV/EBITDA
Sep 2611.02
Sep 2611.26
Aug 2611.43
Aug 2611.23
Aug 2611.35
Aug 2611.67
Jul 2611.22
Jul 2551.57
Jul 2551.43
Jul 2552.96
Jul 2553.13
Jun 2551.21
Jun 2549.98
Jun 2550.49
Jun 2550.84
May 2550.44
May 2550.31
May 2552.53
May 2550.81
May 2550.39
Apr 2552.77
Apr 2550.99
Apr 2551.01
Apr 2550.12
Mar 2556.72
Mar 2555
Mar 2555.41
Mar 2556.29
Feb 2557.94
Feb 2560.73
Feb 2560.68
Feb 2559.71
Jan 2559.73
Jan 2514.88
Jan 2514.93
Jan 2514.55
Jan 2514.77
Dec 2414.96
Dec 2415
Dec 2415.45
Dec 2415.56
Nov 2415.96
Nov 2416.12
Nov 2419.74
Nov 2420.54
Nov 2421.32
Oct 2421.12
Oct 2421.91
Oct 2421.51
Oct 2421.48
Sep 2421.89
Sep 2421.83
Sep 2421.7
Sep 2421.36
Aug 2422.27
Aug 2422.08
Aug 2421.35
Aug 2420.77
Aug 2415.03
Jul 2415.37
Jul 2415.21
Jul 2415.18
Jul 2414.9
Jun 2415.15
Jun 2415.46
Jun 2415.33
Jun 2415.89
May 2415.89
May 2415.83
May 2415.88
May 2415.61
May 2415.33
Apr 2413.66
Apr 2413.65
Apr 2413.56
Apr 2413.51
Mar 2413.82
Mar 2413.57
Mar 2413.75
Mar 2413.6
Mar 2413.59
Feb 2413.44
Feb 2413.2
Feb 2413.05
Feb 2413.13
Jan 2411.11
Jan 2410.95
Jan 2411.2
Jan 2411.03
Dec 2311.54
Dec 2311.65
Dec 2311.64
Dec 2311.44
Dec 2311.31
Nov 2310.98
Nov 2310.72
Nov 238.63
Nov 239.1
Oct 238.89
Oct 239.01
Price/Operating Cashflow
5101520med 12.05Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
ASH Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Sep 268.28
Sep 268.51
Aug 268.68
Aug 268.48
Aug 268.61
Aug 268.93
Jul 268.48
Jul 267.51
Jul 267.76
Jul 267.55
Jul 267.58
Jun 267.23
Jun 267.68
Jun 267.35
Jun 266.35
May 266.55
May 266.47
May 266.16
May 266.22
May 265.86
Apr 267.23
Apr 267.38
Apr 267.11
Apr 266.85
Mar 266.7
Mar 266.15
Mar 266.3
Mar 266.99
Feb 267.86
Feb 268.17
Feb 267.68
Feb 268.09
Jan 2614.07
Jan 2614.56
Jan 2614.46
Jan 2614.34
Jan 2613.77
Dec 2513.73
Dec 2513.68
Dec 2513.6
Dec 2513.48
Nov 2512.17
Nov 2511.59
Nov 2514.72
Nov 2514.3
Oct 2513.97
Oct 2514.43
Oct 2513.96
Oct 2513.57
Oct 2513.9
Sep 2513.94
Sep 2514.21
Sep 2515.08
Sep 2515.69
Aug 2516.04
Aug 2516.16
Aug 2515.39
Aug 2514.87
Aug 2514.43
Jul 2516.27
Jul 2516.2
Jul 2516.95
Jul 2517.03
Jun 2516.09
Jun 2515.48
Jun 2515.74
Jun 2515.91
May 2515.71
May 2515.64
May 2516.74
May 2515.89
May 2515.69
Apr 2512.67
Apr 2512.04
Apr 2512.05
Apr 2511.73
Mar 2514.08
Mar 2513.47
Mar 2513.61
Mar 2513.93
Feb 2514.51
Feb 2515.5
Feb 2515.48
Feb 2515.14
Jan 2515.15
Jan 257.88
Jan 257.92
Jan 257.64
Jan 257.8
Dec 247.93
Dec 247.96
Dec 248.29
Dec 248.37
Nov 248.65
Nov 248.76
Nov 248.02
Nov 248.43
Nov 248.84
Oct 248.73
Oct 249.14
Price to Book
0.511.52med 1.28Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
ASH Price to Book by year
PeriodPrice to Book
Sep 261.74
Sep 261.79
Aug 261.83
Aug 261.79
Aug 261.81
Aug 261.88
Jul 261.79
Jul 261.63
Jul 261.68
Jul 261.64
Jul 261.64
Jun 261.57
Jun 261.67
Jun 261.59
Jun 261.38
May 261.42
May 261.4
May 261.34
May 261.35
May 261.27
Apr 261.41
Apr 261.43
Apr 261.38
Apr 261.33
Mar 261.3
Mar 261.2
Mar 261.22
Mar 261.36
Feb 261.53
Feb 261.59
Feb 261.49
Feb 261.57
Jan 261.49
Jan 261.54
Jan 261.53
Jan 261.52
Jan 261.46
Dec 251.45
Dec 251.45
Dec 251.44
Dec 251.43
Nov 251.29
Nov 251.23
Nov 251.25
Nov 251.22
Oct 251.19
Oct 251.23
Oct 251.19
Oct 251.16
Oct 251.18
Sep 251.19
Sep 251.21
Sep 251.29
Sep 251.34
Aug 251.37
Aug 251.38
Aug 251.31
Aug 251.27
Aug 251.23
Jul 250.92
Jul 250.91
Jul 250.95
Jul 250.96
Jun 250.91
Jun 250.87
Jun 250.89
Jun 250.9
May 250.88
May 250.88
May 250.94
May 250.89
May 250.88
Apr 250.96
Apr 250.92
Apr 250.92
Apr 250.89
Mar 251.07
Mar 251.02
Mar 251.03
Mar 251.06
Feb 251.1
Feb 251.18
Feb 251.18
Feb 251.15
Jan 251.15
Jan 251.16
Jan 251.17
Jan 251.13
Jan 251.15
Dec 241.17
Dec 241.18
Dec 241.23
Dec 241.24
Nov 241.28
Nov 241.3
Nov 241.3
Nov 241.36
Nov 241.43
Oct 241.41
Oct 241.48
Ashland Inc.
ASH
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News: ASH

Ashland Innovation Day to be held September 17, 2026

globenewswire.com · 14 Sep 2026

Ashland Innovation Day to be held September 17, 2026

Wilmington, Del., Sept. 14, 2026 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) will host an Innovation Day webcast on September 17, 2026.

Canada Pension Plan Investment Board Makes New Investment in Ashland Inc. $ASH

defenseworld.net · 3 Sep 2026

Canada Pension Plan Investment Board Makes New Investment in Ashland Inc. $ASH

Canada Pension Plan Investment Board purchased a new position in shares of Ashland Inc. (NYSE: ASH) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,700 shares of the basic materials company's stock, valued at approximately $507,000. A number of

8,297 Shares in Ashland Inc. $ASH Acquired by Connor Clark & Lunn Investment Management Ltd.

defenseworld.net · 1 Sep 2026

8,297 Shares in Ashland Inc. $ASH Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark and Lunn Investment Management Ltd. bought a new position in shares of Ashland Inc. (NYSE: ASH) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,297 shares of the basic materials company's stock, valued at

Ashland to host Innovation Day for analysts and investors

globenewswire.com · 31 Aug 2026

Ashland to host Innovation Day for analysts and investors

Wilmington, Del., Aug. 31, 2026 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) will host a live Innovation Day webcast for analysts and investors from Wilmington, Delaware on September 17, 2026. The event will provide an updated view of Ashland's Technology Platforms, including their commercial progress and scalability.  Registration is required and can be accessed from the following link: innovationday26.ashland.com

Ashland (ASH) Up 2% Since Last Earnings Report: Can It Continue?

zacks.com · 27 Aug 2026

Ashland (ASH) Up 2% Since Last Earnings Report: Can It Continue?

Ashland (ASH) reported earnings 30 days ago. What's next for the stock?

ASH Launches Permexa Sodium Caprate to Support Oral Biologics Growth

zacks.com · 25 Aug 2026

ASH Launches Permexa Sodium Caprate to Support Oral Biologics Growth

Ashland launches Permexa sodium caprate to support oral peptide and biologic development with enhanced processing and permeability.

Deutsche Bank AG Buys Shares of 83,987 Ashland Inc. $ASH

defenseworld.net · 25 Aug 2026

Deutsche Bank AG Buys Shares of 83,987 Ashland Inc. $ASH

Deutsche Bank AG purchased a new stake in Ashland Inc. (NYSE: ASH) in the undefined quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 83,987 shares of the basic materials company's stock, valued at approximately $5,534,000. Deutsche Bank AG owned 0.18% of Ashland

Ashland advances high-growth oral biologics delivery applications with launch of permexa™ sodium caprate

globenewswire.com · 24 Aug 2026

Ashland advances high-growth oral biologics delivery applications with launch of permexa™ sodium caprate

WILMINGTON, Del., Aug. 24, 2026 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH), is announcing the launch of permexa™ sodium caprate, a high-performance intestinal permeation enhancer designed to support the scalable development and commercialization of oral peptide, biologic and low-permeability drug products, including rapidly expanding GLP-1 agonists and related therapeutic pipelines.

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