Element Solutions Inc (ESI) financial statements: income statement, balance sheet and cash flow

Element Solutions Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Element Solutions Inc reported revenue of $2.6B (+3.8% year on year) and net income of $191.0M (-21.4% year on year).

Income statement

Element Solutions Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales	$2.6B	$2.5B	$2.3B	$2.5B
Cost of sales	$1.5B	$1.4B	$1.4B	$1.6B
Gross profit	$1.1B	$1.0B	$918.5M	$952.7M
Selling, technical, general and administrative	$660.7M	$628.8M	$596.8M	$578.6M
Research and development	$67.6M	$63.0M	$68.1M	$48.8M
Goodwill impairment	$0	$0	$80.0M	—
Total operating expenses	$728.3M	$691.8M	$744.9M	$627.4M
Operating profit	$342.2M	$343.9M	$173.6M	$325.3M
Interest expense, net	($53.4M)	($56.3M)	($49.3M)	($51.2M)
Foreign exchange (losses) gains	($35.3M)	$25.1M	$7.9M	($5.0M)
Other expense, net	($46.9M)	($25.0M)	($3.1M)	$2.9M
Gain on divestitures	$59.0M	—	—	—
Total other expense	($76.6M)	($56.2M)	($44.5M)	($53.3M)
Income before income taxes and non-controlling interests	$265.6M	$287.7M	$129.1M	$272.0M
Income tax expense	($74.6M)	($44.8M)	($13.0M)	($85.8M)
Net income from continuing operations	$191.0M	$242.9M	$116.1M	$186.2M
Income from discontinued operations, net of tax	$0	$1.6M	$2.1M	$1.8M
Net income	$191.0M	$244.5M	$118.2M	$188.0M
Net income attributable to the non-controlling interests	($200.0K)	($300.0K)	($100.0K)	($800.0K)
Net income attributable to common stockholders	$190.8M	$244.2M	$118.1M	$187.2M
Basic from continuing operations (in dollars per share)	$0.79	$1.00	$0.48	$0.75
Basic from discontinued operations (in dollars per share)	$0.00	$0.01	$0.01	$0.01
Basic attributable to common stockholders (in dollars per share)	$0.79	$1.01	$0.49	$0.76
Diluted from continuing operations (in dollars per share)	$0.79	$1.00	$0.48	$0.75
Diluted from discontinued operations (in dollars per share)	$0.00	$0.01	$0.01	$0.01
Diluted attributable to common stockholders (in dollars per share)	$0.79	$1.01	$0.49	$0.76
Basic (in shares)	242.0M	242.1M	241.4M	245.1M
Diluted (in shares)	242.4M	242.6M	241.8M	245.8M

Element Solutions Inc income statement, quarters

Line item	Sep 30, 2026 · Q3	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3
Net sales	$995.3M	$977.9M	$840.0M	$656.1M
Cost of sales	$652.9M	$643.9M	$517.3M	$379.1M
Gross profit	$342.4M	$334.0M	$322.7M	$277.0M
Selling, technical, general and administrative	$205.6M	$200.8M	$191.1M	$158.1M
Research and development	$22.9M	$19.5M	$20.2M	$18.1M
Total operating expenses	$228.5M	$220.3M	$211.3M	$176.2M
Operating profit	$113.9M	$113.7M	$111.4M	$100.8M
Interest expense, net	($22.8M)	($24.0M)	($21.5M)	($13.3M)
Foreign exchange gains (losses)	$6.0M	$6.7M	($900.0K)	($11.0M)
Other (expense) income, net	($3.8M)	$10.7M	($6.3M)	($14.0M)
(Loss) gain on divestitures	$0	$0	$0	($7.0M)
Total other expense	($20.6M)	($6.6M)	($28.7M)	($45.3M)
Income before income taxes and non-controlling interests	$93.3M	$107.1M	$82.7M	$55.5M
Income tax expense	($27.6M)	($29.8M)	($26.7M)	($16.2M)
Net income	$65.7M	$77.3M	$56.0M	$39.3M
Net income attributable to non-controlling interests	$0	$0	($100.0K)	$0
Net income attributable to common stockholders	$65.7M	$77.3M	$55.9M	$39.3M
Basic (in dollars per share)	$0.27	$0.32	$0.23	$0.16
Diluted (in dollars per share)	$0.27	$0.32	$0.23	$0.16
Basic (in shares)	243.5M	243.6M	243.2M	241.6M
Diluted (in shares)	243.7M	243.9M	243.7M	242.0M

Balance sheet

Element Solutions Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$626.5M	$359.4M	$289.3M	$265.6M
Accounts receivable, net of allowance for doubtful accounts of $9.4 and $10.3 at December 31, 2025 and 2024, respectively	$517.7M	$439.6M	$461.8M	$455.8M
Inventories	$294.7M	$246.2M	$298.9M	$290.7M
Prepaid expenses	$28.3M	$22.7M	$32.5M	$38.5M
Other current assets	$115.3M	$136.9M	$115.0M	$138.1M
Current assets held for sale	$0	$65.2M	—	—
Total current assets	$1.6B	$1.3B	$1.2B	$1.2B
Property, plant and equipment, net	$319.6M	$276.8M	$296.9M	$277.2M
Goodwill	$2.2B	$2.1B	$2.3B	$2.4B
Intangible assets, net	$657.2M	$732.0M	$879.3M	$805.5M
Deferred income tax assets	$175.5M	$133.3M	$120.5M	$51.5M
Other assets	$124.7M	$140.9M	$143.2M	$168.0M
Non-current assets held for sale	$0	$188.9M	—	—
Total assets	$5.1B	$4.9B	$5.0B	$4.9B
Accounts payable	$165.5M	$121.3M	$140.6M	$132.2M
Current installments of long-term debt	$0	$10.4M	$11.5M	$11.5M
Accrued expenses and other current liabilities	$264.4M	$229.3M	$217.3M	$200.7M
Current liabilities held for sale	$0	$18.7M	—	—
Total current liabilities	$429.9M	$379.7M	$369.4M	$344.4M
Debt	$1.6B	$1.8B	$1.9B	$1.9B
Pension and post-retirement benefits	$22.3M	$22.2M	$28.1M	$36.7M
Deferred income tax liabilities	$93.1M	$93.9M	$108.9M	$121.2M
Other liabilities	$240.8M	$152.6M	$202.4M	$168.5M
Non-current liabilities held for sale	$0	$13.5M	—	—
Total liabilities	$2.4B	$2.5B	$2.6B	$2.6B
Preferred stock - Series A	$0	—	—	—
Common stock, 400.0 shares authorized (2025: 269.6 shares issued; 2024: 267.2 shares issued)	2.7M	2.7M	2.7M	2.7M
Additional paid-in capital	$4.3B	$4.2B	$4.2B	$4.2B
Treasury stock (2025: 26.9 shares; 2024: 25.0 shares)	-393.9M	-349.5M	-341.9M	-334.2M
Accumulated deficit	($904.6M)	($1.0B)	($1.2B)	($1.2B)
Accumulated other comprehensive loss	($308.9M)	($467.2M)	($345.9M)	($298.1M)
Total stockholders' equity	$2.7B	$2.4B	$2.3B	$2.3B
Non-controlling interests	$14.9M	$15.4M	$15.8M	$16.6M
Total equity	$2.7B	$2.4B	$2.3B	$2.3B
Total liabilities and stockholders' equity	$5.1B	$4.9B	$5.0B	$4.9B

Element Solutions Inc balance sheet, quarters

Line item	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025
Cash and cash equivalents	$224.9M	$189.6M	$177.3M	$594.3M
Accounts receivable, net of allowance for doubtful accounts of $9.4 and $9.4 at September 30, 2026 and December 31, 2025, respectively	$736.1M	$711.0M	$676.9M	$502.2M
Inventories	$409.4M	$417.5M	$421.6M	$290.9M
Prepaid expenses	$45.7M	$45.1M	$30.0M	$29.3M
Other current assets	$160.4M	$159.6M	$152.6M	$109.5M
Total current assets	$1.6B	$1.5B	$1.5B	$1.5B
Property, plant and equipment, net	$425.8M	$408.8M	$403.3M	$300.1M
Goodwill	$2.5B	$2.5B	$2.5B	$2.2B
Intangible assets, net	$987.3M	$1.0B	$1.0B	$675.6M
Deferred income tax assets	$162.9M	$163.4M	$166.0M	$182.8M
Other assets	$160.0M	$146.9M	$145.2M	$126.3M
Total assets	$5.9B	$5.8B	$5.7B	$5.0B
Accounts payable	$199.2M	$186.4M	$180.8M	$145.2M
Current installments of long-term debt and revolving credit facilities	$27.9M	$62.9M	$97.9M	$0
Accrued expenses and other current liabilities	$339.5M	$274.5M	$264.9M	$231.5M
Total current liabilities	$566.6M	$523.8M	$543.6M	$376.7M
Debt	$2.1B	$2.1B	$2.1B	$1.6B
Pension and post-retirement benefits	$22.2M	$20.7M	$21.5M	$21.4M
Deferred income tax liabilities	$104.5M	$94.9M	$109.8M	$97.4M
Other liabilities	$226.6M	$261.0M	$254.4M	$255.7M
Total liabilities	$3.0B	$3.0B	$3.0B	$2.4B
Preferred stock - Series A	$0	$0	$0	—
Common stock: 400.0 shares authorized (2026: 270.6 shares issued; 2025: 269.6 shares issued)	2.7M	2.7M	2.7M	2.7M
Additional paid-in capital	$4.3B	$4.3B	$4.3B	$4.2B
Treasury stock (2026: 28.0 shares; 2025: 26.9 shares)	-431.8M	-394.0M	-394.0M	-373.9M
Accumulated deficit	($765.6M)	($811.2M)	($868.5M)	($891.1M)
Accumulated other comprehensive loss	($252.3M)	($285.6M)	($292.9M)	($319.5M)
Total stockholders' equity	$2.9B	$2.8B	$2.7B	$2.7B
Non-controlling interests	$14.5M	$14.6M	$14.8M	$15.0M
Total equity	$2.9B	$2.8B	$2.7B	$2.7B
Total liabilities and stockholders' equity	$5.9B	$5.8B	$5.7B	$5.0B

Cash flow statement

Element Solutions Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$191.0M	$244.5M	$118.2M	$188.0M
Income from discontinued operations, net of tax	$0	$1.6M	$2.1M	$1.8M
Net income from continuing operations	$191.0M	$242.9M	$116.1M	$186.2M
Depreciation and amortization	$151.2M	$157.6M	$166.7M	$161.3M
Deferred income taxes	($12.6M)	($39.2M)	($69.9M)	$15.1M
Foreign exchange losses (gains)	$29.4M	($24.4M)	($10.6M)	$3.4M
Incentive stock compensation	$59.1M	$14.8M	$9.4M	$17.7M
Net gain on divestitures	($59.0M)	—	—	—
Goodwill impairment	$0	$0	$80.0M	—
Other, net	$9.2M	$22.9M	$42.2M	$11.4M
Accounts receivable	($57.6M)	($29.9M)	($6.8M)	$6.4M
Inventories	($39.1M)	$7.8M	($9.5M)	($31.2M)
Accounts payable	$27.4M	($1.0M)	$300.0K	($100.0K)
Accrued expenses	($300.0K)	$33.0M	$9.9M	($33.0M)
Prepaid expenses and other current assets	($21.6M)	($4.2M)	$1.9M	($26.6M)
Other assets and liabilities	$12.7M	($18.3M)	$3.9M	($14.7M)
Net cash flows provided by operating activities	$289.8M	$362.0M	$333.6M	$295.9M
Capital expenditures	($62.2M)	($68.4M)	($52.7M)	($47.8M)
Proceeds from disposal of property, plant and equipment	$1.5M	$0	$1.4M	$4.8M
Proceeds from divestitures (net of cash of $2.4 million)	$321.2M	—	—	—
Acquisitions, net of cash acquired	$0	($3.9M)	($214.8M)	—
Other, net	$25.6M	($1.5M)	$15.9M	($9.6M)
Net cash flows provided by (used in) investing activities	$286.1M	($73.8M)	($250.2M)	($75.2M)
Debt proceeds, net of discount	$0	$1.0B	$1.3B	$0
Repayments of borrowings	($202.6M)	($1.2B)	($1.3B)	($16.4M)
Repurchases of common stock	($25.0M)	$0	$0	($151.0M)
Dividends	($77.8M)	($78.2M)	($77.4M)	($78.4M)
Payment of financing fees	$0	($3.2M)	($6.3M)	($1.9M)
Other, net	($15.0M)	($12.7M)	($8.0M)	($27.9M)
Net cash flows used in financing activities	($320.4M)	($206.6M)	($58.7M)	($275.6M)
Net cash flows provided by operating activities of discontinued operations	$0	$1.6M	$2.2M	—
Effect of exchange rate changes on cash and cash equivalents	$11.6M	($13.1M)	($3.2M)	($11.4M)
Net increase in cash and cash equivalents	$267.1M	$70.1M	$23.7M	($64.5M)
Cash and cash equivalents at beginning of period	$359.4M	$289.3M	$265.6M	$330.1M
Cash and cash equivalents at end of period	$626.5M	$359.4M	$289.3M	$265.6M
Cash paid for interest	$68.6M	$64.8M	$56.1M	$46.9M
Cash paid for income taxes	$98.8M	$87.2M	$73.7M	$66.5M

Element Solutions Inc cash flow statement, quarters

Line item	Sep 30, 2026 · YTD	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD
Net income	$199.0M	$133.3M	$56.0M	$184.8M
Depreciation and amortization	$132.3M	$87.2M	$42.5M	$114.0M
Deferred income taxes	($1.4M)	$700.0K	$1.7M	($16.2M)
Foreign exchange (gains) losses	($17.7M)	($9.4M)	($300.0K)	$28.6M
Incentive stock compensation	$38.9M	$20.7M	$8.1M	$15.8M
Gain on divestitures	$0	$0	$0	($59.6M)
EFC contingent consideration	$3.4M	$9.3M	$5.9M	—
Other, net	$11.8M	$9.1M	$5.4M	$9.7M
Accounts receivable	($137.3M)	($113.4M)	($81.8M)	($49.6M)
Inventories	($80.7M)	($88.6M)	($93.2M)	($35.0M)
Accounts payable	$29.7M	$18.2M	$11.3M	$15.8M
Accrued expenses	$49.1M	$12.5M	$7.0M	($16.5M)
Prepaid expenses and other current assets	($34.6M)	($26.1M)	($11.8M)	($14.4M)
Other assets and liabilities	($300.0K)	($20.5M)	($17.4M)	$21.3M
Net cash flows provided by operating activities	$192.2M	$33.0M	($66.6M)	$198.7M
Capital expenditures	($83.4M)	($53.0M)	($25.1M)	($45.2M)
Proceeds from disposal of property, plant and equipment	$0	$0	$0	$800.0K
Proceeds from divestitures (net of cash of $2.5 million)	$0	$0	$0	$323.8M
Acquisitions, net of cash acquired	($865.8M)	($865.8M)	($864.2M)	$0
Net cash flows (used in) provided by investing activities	($949.0M)	($918.7M)	($889.3M)	$304.9M
Debt proceeds, net of discount	$449.4M	$449.4M	$449.4M	—
Repayments of borrowings	($6.4M)	($3.2M)	$0	($202.6M)
Changes in lines of credit, net	$15.0M	$50.0M	$85.0M	—
Repurchases of common stock	($37.7M)	$0	—	($19.4M)
Dividends	($59.3M)	($39.8M)	($20.2M)	($58.4M)
Payment of financing fees	($6.1M)	($6.1M)	($6.1M)	$0
Other, net	$200.0K	$100.0K	$0	$25.5M
Net cash flows provided by (used in) financing activities	$355.1M	$450.4M	$507.8M	($281.1M)
Effect of exchange rate changes on cash and cash equivalents	$100.0K	($1.6M)	($1.1M)	$12.4M
Net (decrease) increase in cash and cash equivalents	($401.6M)	($436.9M)	($449.2M)	$234.9M
Cash and cash equivalents at beginning of period	$626.5M	$626.5M	$626.5M	$359.4M
Cash and cash equivalents at end of period	$224.9M	$189.6M	$177.3M	$594.3M

Element Solutions Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.