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Ashland Overview
About Ashland
Ashland Inc. is a specialty materials company serving markets including pharmaceuticals, personal care, food and beverages, coatings, construction, energy, and electronics. It operates through four segments: Life Sciences, Personal Care, Specialty Additives, and Intermediates. Life Sciences contributes the highest revenue, offering functional additives for pharmaceutical and nutrition applications. Personal Care provides ingredients for skin, hair, oral care, and household products, while Specialty Additives supplies performance-enhancing additives for coatings and. Intermediates produce BDO and related derivatives used in polymers, electronics, agriculture, and pharmaceutical applications. The company generates sales across North America, Europe, Asia Pacific, Latin America, and regions.
Founded
2016
HQ
Employees
2.9K
Website
Sectors
Financials (LTM)
EV
$4B
Ashland Financials
Ashland reported last 12-month revenue of $2B and EBITDA of $403M.
In the same LTM period, Ashland generated $615M in gross profit, $403M in EBITDA, and $169M in net income.
Revenue (LTM)
Ashland P&L
In the most recent fiscal year, Ashland reported revenue of $2B and EBITDA of $401M.
Ashland expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $615M | XXX | $549M | XXX | XXX | XXX |
| Gross Margin | 34% | XXX | 30% | XXX | XXX | XXX |
| EBITDA | $403M | XXX | $401M | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $169M | XXX | $157M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ashland Stock Performance
Ashland has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
Ashland's stock price is $61.15.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | 0.0% | XXX | XXX | XXX | $3.43 |
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Start Free TrialAshland Valuation Multiples
Ashland trades at 2.2x EV/Revenue multiple, and 9.9x EV/EBITDA.
EV / Revenue (LTM)
Ashland Financial Valuation Multiples
As of March 17, 2026, Ashland has market cap of $3B and EV of $4B.
Equity research analysts estimate Ashland's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ashland has a P/E ratio of 16.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 9.9x | XXX | 9.9x | XXX | XXX | XXX |
| EV/EBIT | 18.6x | XXX | 19.5x | XXX | XXX | XXX |
| EV/Gross Profit | 6.5x | XXX | 7.3x | XXX | XXX | XXX |
| P/E | 16.6x | XXX | 17.8x | XXX | XXX | XXX |
| EV/FCF | 28.7x | XXX | 112.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ashland Valuation Multiples
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Ashland Margins & Growth Rates
Ashland's revenue in the last 12 month grew by 3%.
Ashland's revenue per employee in the last FY averaged $0.6M.
Ashland's rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ashland's rule of X is 28% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Ashland Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 1% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 28% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 19% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 25% | XXX | XXX | XXX |
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Ashland Public Comps
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Ashland M&A Activity
Ashland acquired XXX companies to date.
Last acquisition by Ashland was on XXXXXXXX, XXXXX. Ashland acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ashland
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAshland Investment Activity
Ashland invested in XXX companies to date.
Ashland made its latest investment on XXXXXXXX, XXXXX. Ashland invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ashland
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Ashland
| When was Ashland founded? | Ashland was founded in 2016. |
| Where is Ashland headquartered? | Ashland is headquartered in United States. |
| How many employees does Ashland have? | As of today, Ashland has over 2K employees. |
| Who is the CEO of Ashland? | Ashland's CEO is Guillermo Novo. |
| Is Ashland publicly listed? | Yes, Ashland is a public company listed on NYSE. |
| What is the stock symbol of Ashland? | Ashland trades under ASH ticker. |
| When did Ashland go public? | Ashland went public in 1950. |
| Who are competitors of Ashland? | Ashland main competitors are Hexpol, Olin, Chemours, Sipchem. |
| What is the current market cap of Ashland? | Ashland's current market cap is $3B. |
| What is the current revenue of Ashland? | Ashland's last 12 months revenue is $2B. |
| What is the current revenue growth of Ashland? | Ashland revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Ashland? | Current revenue multiple of Ashland is 2.2x. |
| Is Ashland profitable? | Yes, Ashland is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ashland? | Ashland's last 12 months EBITDA is $403M. |
| What is Ashland's EBITDA margin? | Ashland's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of Ashland? | Current EBITDA multiple of Ashland is 9.9x. |
| What is the current FCF of Ashland? | Ashland's last 12 months FCF is $139M. |
| What is Ashland's FCF margin? | Ashland's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Ashland? | Current FCF multiple of Ashland is 28.7x. |
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