AVIENT CORP AVNT
We are an innovator of materials solutions to help our customers succeed, while enabling a sustainable world. Our products include specialty engineered materials, performance fibers, advanced composites and color and additive solutions. We are also a highly specialized developer and manufacturer of performance enhancing additives, liquid colorants and silicone colorants. When used in this Annual Report on Form 10-K, the terms "we," "us," "our," "Avient" and the "Company" mean Avient Corporation and its consolidated subsidiaries.
Avient was formed as PolyOne Corporation on August 31, 2000, from the consolidation of The Geon Company (Geon) and M.A. Hanna Company (Hanna). Through a series of acquisitions, divestitures, operational improvements and cultural shifts, the Company has transformed to become an innovator of materials solutions. Effective June 30, 2020, the Company amended its existing Articles of Incorporation to change its name to Avient Corporation and changed its ticker symbol from "POL" to "AVNT", effective at the start of trading on July 13, 2020.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.26B | $3.24B | $3.14B | $3.40B | $3.32B | $2.21B | $2.86B | $2.88B | $2.59B | $2.35B |
| Cost of revenue | $2.24B | $2.18B | $2.25B | $2.51B | $2.37B | $1.55B | $2.21B | $2.26B | $1.99B | $1.79B |
| Gross profit | $1.02B | $1.06B | $892.5M | $882.7M | $943.8M | $660.0M | $657.2M | $624.8M | $596.4M | $556.2M |
| R&D | $96.7M | $98.7M | $90.3M | $84.9M | $83.2M | $59.8M | $50.6M | $49.6M | $45.3M | $44.3M |
| SG&A | $812.1M | $727.4M | $695.7M | $639.4M | $664.1M | $548.4M | $500.4M | $446.2M | $423.3M | $385.8M |
| Operating income | $203.5M | $329.3M | $196.8M | $243.3M | $279.7M | $111.6M | $156.8M | $178.6M | $173.1M | $170.4M |
| Interest expense | — | — | $115.3M | $119.8M | $75.2M | $74.5M | $59.5M | $62.8M | $60.8M | $59.7M |
| Pre-tax income | $111.7M | $224.8M | $87.3M | $63.8M | $203.5M | $61.1M | $109.4M | $101.8M | $111.9M | $129.6M |
| Income tax | $28.1M | $54.1M | $11.0M | $19.3M | $51.9M | $11.7M | $33.7M | $14.4M | $800.0K | $28.3M |
| Net income | $81.9M | $169.5M | $75.7M | $703.1M | $230.8M | $131.6M | $588.6M | $159.8M | -$57.7M | $165.2M |
| EPS, basic | 0.90 | 1.86 | 0.83 | 7.71 | 2.53 | 1.46 | 7.62 | 2.01 | -0.71 | 1.97 |
| EPS, diluted | 0.89 | 1.84 | 0.83 | 7.63 | 2.51 | 1.45 | 7.58 | 1.99 | -0.70 | 1.95 |
| Shares, diluted (wtd. avg.) | $91.8M | $92.0M | $91.8M | $92.2M | $92.1M | $90.6M | $77.7M | $80.4M | $82.1M | $84.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $510.5M | $544.5M | $545.8M | $641.1M | $601.2M | $649.5M | $864.7M | $170.9M | $243.6M | $226.7M |
| Receivables | $435.0M | $399.5M | $399.9M | $440.6M | $439.9M | $516.6M | $330.0M | $347.2M | $326.2M | $325.6M |
| Inventory | $367.2M | $346.8M | $347.0M | $372.7M | $305.8M | $327.5M | $260.9M | $284.6M | $264.3M | $266.4M |
| Total current assets | $1.40B | $1.42B | $1.41B | $1.57B | $1.83B | $1.60B | $1.51B | $998.8M | $1.07B | $949.5M |
| Property, plant and equipment | $988.8M | $955.3M | $1.03B | $1.05B | $672.3M | $694.9M | $407.4M | $384.5M | $354.2M | $321.4M |
| Goodwill | $1.76B | $1.66B | $1.72B | $1.67B | $1.28B | $1.31B | $685.7M | $639.1M | $599.3M | $521.5M |
| Other intangibles | $1.49B | $1.45B | $1.59B | $1.60B | $925.2M | $1.01B | $469.3M | $422.4M | $398.6M | $342.7M |
| Total assets | $6.03B | $5.81B | $5.97B | $6.08B | $5.00B | $4.87B | $3.27B | $2.72B | $2.71B | $2.74B |
| Accounts payable | $410.0M | $417.4M | $432.3M | $454.4M | $429.5M | $471.7M | $287.7M | $305.0M | $296.3M | $320.9M |
| Short-term debt | $500.0K | $7.7M | $9.5M | $2.2M | $8.6M | $18.6M | $18.4M | $19.4M | $32.6M | $18.5M |
| Total current liabilities | $846.3M | $756.1M | $773.6M | $869.4M | $940.6M | $801.0M | $702.5M | $557.6M | $570.6M | $509.9M |
| Long-term debt | $1.92B | $2.06B | $2.07B | $2.18B | $1.85B | $1.85B | $1.21B | $1.34B | $1.28B | $1.24B |
| Retained earnings | $1.87B | $1.88B | $1.81B | $1.82B | $1.21B | $1.06B | $1.00B | $472.9M | $387.1M | $491.2M |
| Total equity | $2.37B | $2.31B | $2.34B | $2.35B | $1.79B | $1.71B | $1.05B | $540.6M | $599.4M | $725.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $301.6M | $256.8M | $201.6M | $398.4M | $233.8M | $221.6M | $300.8M | $253.7M | $202.4M | $227.6M |
| Depreciation and amortisation | $185.9M | $179.7M | $188.8M | $163.1M | $144.2M | $111.8M | $87.5M | $88.5M | $97.4M | $100.5M |
| Stock-based compensation | $9.1M | $15.4M | $13.2M | $13.2M | $11.2M | $11.3M | $11.6M | $10.9M | $10.2M | $8.4M |
| Capital expenditure | $106.6M | $121.9M | $119.4M | $105.5M | $100.6M | $63.7M | $81.7M | $76.0M | $79.6M | $84.2M |
| Investing cash flow | -$97.0M | -$120.6M | -$94.2M | -$504.0M | -$150.2M | -$1.43B | $611.9M | -$170.3M | -$119.4M | -$235.4M |
| Financing cash flow | -$257.1M | -$120.9M | -$201.7M | $166.4M | -$114.6M | $982.0M | -$218.3M | -$148.1M | -$72.7M | -$40.3M |
| Dividends paid | $98.8M | $94.0M | $90.2M | $86.8M | $77.7M | $71.3M | $60.3M | $56.1M | $44.1M | $40.2M |
| Buybacks | — | $0 | $0 | $36.4M | $4.2M | $22.4M | $26.9M | $123.0M | $70.7M | $86.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001122976-26-000039.
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