Element Solutions Inc ESI

Healthcare SIC 2890 - Miscellaneous Chemical Products NAICS Manufacturing › Chemical Manufacturing derived NYSE

Element Solutions, incorporated in Delaware in January 2014, is a leading global specialty chemicals technology company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. Developed in multi-step technological processes, these innovative solutions enable customers' manufacturing processes in multiple high-value industries, including consumer electronics, power electronics, semiconductor fabrication, high-performance computing, communications and data storage infrastructure, automotive systems, industrial surface finishing and offshore energy. Our product innovation and product extensions are expected to continue to drive sales growth in both new and existing markets while expanding margins through a consistent focus on increasing customer value propositions.

Last close 33.21 2026-10-23
Market cap $8.09B 2026-03-31 share count
52-week range 22.86 - 49.25

Valuation FY2025 figures against the last close

P/S3.2x
P/E42.0x
P/FCF35.5x
EV/EBITDA18.4x
Dividend yield1.0%
Diluted EPS0.79

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Other countries
  • China
  • United States
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 Other countries, FY2025: 1.5B (57.6%) 58% Other countries China, FY2025: 557.9M (21.9%) 22% China United States, FY2025: 524.3M (20.6%) 21% United States FY2024 Other countries, FY2024: 1.4B (57.5%) 57% China, FY2024: 479M (19.5%) 19% United States, FY2024: 566.4M (23.1%) 23% FY2023 Other countries, FY2023: 1.3B (57.4%) 57% China, FY2023: 418.9M (18.0%) 18% United States, FY2023: 576.2M (24.7%) 25%
Region FY2025FY2024FY2023
Other countries $1.47B $1.41B $1.34B
China $557.9M $479.0M $418.9M
United States $524.3M $566.4M $576.2M

As the company reported it, from the “SEGMENT INFORMATION - Schedule of Net Sales by Major Country (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.55B$2.46B$2.33B$2.55B$2.40B$1.85B$1.84B$1.96B$1.88B$1.77B
Cost of revenue $1.48B$1.42B$1.41B$1.60B$1.44B$1.07B$1.05B$1.12B$1.06B$992.8M
Gross profit $1.07B$1.04B$918.5M$952.7M$960.8M$786.0M$788.3M$837.6M$813.8M$777.3M
R&D $67.6M$63.0M$68.1M$48.8M$49.7M$48.6M$42.2M$44.3M$46.4M$45.0M
SG&A $660.7M$628.8M$596.8M$578.6M$611.2M$504.7M$497.0M$544.8M$567.2M$596.3M
Total operating expenses $728.3M$691.8M$744.9M$627.4M$660.9M$553.3M$539.2M$589.1M$613.6M$687.9M
Operating income $342.2M$343.9M$173.6M$325.3M$299.9M$232.7M$249.1M$248.5M$200.2M$89.4M
Interest expense $53.4M$56.3M$49.3M$51.2M$54.2M$63.4M$90.7M$311.0M$336.9M$372.3M
Pre-tax income $265.6M$287.7M$129.1M$272.0M$251.7M$81.1M$140.9M-$53.2M-$260.4M-$231.8M
Income tax $74.6M$44.8M$13.0M$85.8M$48.3M$4.3M$61.3M$23.8M$68.6M$41.3M
Net income $190.8M$244.2M$118.1M$187.2M$203.7M$75.7M$92.9M-$319.9M-$295.6M-$73.7M
EPS, basic 0.791.010.490.760.820.300.36-1.13-1.04-0.17
EPS, diluted 0.791.010.490.760.820.300.35-1.13-1.04-0.65
Shares, diluted (wtd. avg.) 242.4M242.6M241.8M245.8M247.9M249.9M260.1M288.2M286.1M272.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $626.5M$359.4M$289.3M$265.6M$330.1M$291.9M$190.1M$233.6M$258.4M$422.6M
Receivables $517.7M$439.6M$461.8M$455.8M$492.2M$403.4M$363.9M$382.4M$399.8M$1.05B
Inventory $294.7M$246.2M$298.9M$290.7M$274.4M$203.1M$199.6M$188.1M$186.4M$416.4M
Total current assets $1.58B$1.27B$1.20B$1.19B$1.21B$989.9M$833.4M$2.48B$2.34B$2.07B
Property, plant and equipment $319.6M$276.8M$296.9M$277.2M$278.1M$240.4M$264.8M$266.9M$287.4M$460.5M
Goodwill $2.24B$2.13B$2.34B$2.41B$2.53B$2.25B$2.18B$2.18B$2.25B$2.13B
Other intangibles $657.2M$732.0M$879.3M$805.5M$956.7M$855.9M$944.4M$1.02B$1.16B$3.23B
Total assets $5.10B$4.87B$4.97B$4.90B$5.14B$4.48B$4.32B$9.40B$10.25B$10.05B
Accounts payable $165.5M$121.3M$140.6M$132.2M$138.4M$95.6M$96.8M$100.9M$111.2M$383.6M
Short-term debt —————————$116.1M
Total current liabilities $429.9M$379.7M$369.4M$344.4M$415.2M$314.3M$293.8M$1.14B$1.09B$1.08B
Long-term debt $1.64B$1.84B$1.95B$1.91B$1.93B$1.54B$1.54B$5.40B$5.51B$5.24B
Total liabilities $2.41B$2.48B$2.63B$2.55B$2.64B$2.17B$2.11B$7.22B$7.39B$7.16B
Retained earnings -$904.6M-$1.02B-$1.18B-$1.22B-$1.33B-$1.47B-$1.54B-$1.20B-$869.7M-$573.5M
Total equity $2.67B$2.38B$2.34B$2.35B$2.50B$2.32B$2.22B$2.18B$2.86B$2.89B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $289.8M$362.0M$333.6M$295.9M$326.0M$276.0M$170.9M-$800.0K-$34.3M-$38.0M
Depreciation and amortisation $151.2M$157.6M$166.7M$161.3M$163.9M$161.4M$154.7M$156.7M$156.0M$155.7M
Stock-based compensation $59.1M$14.8M$9.4M$17.7M$40.1M$6.0M$11.8M$15.4M——
Capital expenditure $62.2M$68.4M$52.7M$47.8M$46.3M$28.8M$29.7M$28.4M$30.8M$32.6M
Investing cash flow $286.1M-$73.8M-$250.2M-$75.2M-$568.9M-$39.9M$4.20B-$23.8M-$18.9M-$26.1M
Financing cash flow -$320.4M-$206.6M-$58.7M-$275.6M$290.0M-$123.6M-$4.44B-$1.4M-$1.7M-$130.5M
Dividends paid $77.8M$78.2M$77.4M$78.4M$61.9M$12.4M$0$0——
Buybacks $25.0M$0$0$151.0M$19.6M$55.7M$507.1M$0$0—

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 0001590714-26-000018.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 1.8B Gross profit, FY2016: 777.3M Net income, FY2016: -73.7M Revenue, FY2017: 1.9B Gross profit, FY2017: 813.8M Net income, FY2017: -295.6M Revenue, FY2018: 2B Gross profit, FY2018: 837.6M Net income, FY2018: -319.9M Revenue, FY2019: 1.8B Gross profit, FY2019: 788.3M Net income, FY2019: 92.9M Revenue, FY2020: 1.9B Gross profit, FY2020: 786M Net income, FY2020: 75.7M Revenue, FY2021: 2.4B Gross profit, FY2021: 960.8M Net income, FY2021: 203.7M Revenue, FY2022: 2.5B Gross profit, FY2022: 952.7M Net income, FY2022: 187.2M Revenue, FY2023: 2.3B Gross profit, FY2023: 918.5M Net income, FY2023: 118.1M Revenue, FY2024: 2.5B Gross profit, FY2024: 1B Net income, FY2024: 244.2M Revenue, FY2025: 2.6B Gross profit, FY2025: 1.1B Net income, FY2025: 190.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.77B $1.88B $1.96B $1.84B $1.85B $2.40B $2.55B $2.33B $2.46B $2.55B
Gross profit $777.3M $813.8M $837.6M $788.3M $786.0M $960.8M $952.7M $918.5M $1.04B $1.07B
Net income -$73.7M -$295.6M -$319.9M $92.9M $75.7M $203.7M $187.2M $118.1M $244.2M $190.8M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed Item 1.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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