Stepan Co (SCL) financial statements: income statement, balance sheet and cash flow

Stepan Co'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), Stepan Co reported revenue of $2.3B (+7.0% year on year) and net income of $46.9M (-6.9% year on year).

Income statement

Stepan Co income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net Sales (Note 1)	$2.3B	$2.2B	$2.3B	$2.8B
Cost of Sales	$2.1B	$1.9B	$2.0B	$2.3B
Gross Profit	$269.9M	$272.2M	$277.6M	$427.1M
Selling (Note 1)	$48.8M	$45.6M	$48.4M	$59.0M
Administrative (Note 1)	$90.8M	$98.3M	$93.2M	$102.2M
Research, development and technical services (Note 1)	$59.3M	$55.7M	$59.0M	$66.6M
Deferred compensation expense (Note 12)	$2.2M	$2.2M	$4.4M	($9.4M)
Total Operating expenses	$201.0M	$201.7M	$205.0M	$218.4M
Goodwill and other intangibles impairment (Note 4)	$6.2M	—	$2.0M	—
Gain on sales of assets (Note 20)	$15.9M	—	—	—
Operating Income	$78.5M	$70.5M	$58.6M	$207.3M
Interest, net (Note 6)	($22.1M)	($14.2M)	($12.1M)	($9.8M)
Other, net (Note 8)	$3.5M	$4.1M	$1.9M	($8.8M)
Nonoperating Income (Expense), Total	($18.6M)	($10.0M)	($10.2M)	($18.6M)
Income Before Provision for Income Taxes	$59.9M	$60.4M	$48.4M	$188.7M
Provision for Income Taxes (Note 9)	$13.0M	$10.1M	$8.2M	$41.5M
Net Income	$46.9M	$50.4M	$40.2M	$147.2M
Basic	$2.05	$2.21	$1.77	$6.46
Diluted	$2.05	$2.20	$1.75	$6.38
Basic	22.9M	22.8M	22.8M	22.8M
Diluted	22.9M	22.9M	22.9M	23.1M

Stepan Co income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net Sales	$684.1M	$604.5M	$590.3M	$594.7M
Cost of Sales	$584.1M	$539.7M	$519.3M	$522.8M
Gross Profit	$100.0M	$64.9M	$71.0M	$71.9M
Selling	$14.9M	$12.2M	$11.3M	$14.7M
Administrative	$24.2M	$21.3M	$22.9M	$22.8M
Research, development and technical services	$17.2M	$15.0M	$14.2M	$14.7M
Deferred compensation expense	$1.4M	$562.0K	$841.0K	$1.8M
Total Operating expenses	$57.7M	$49.0M	$49.2M	$53.9M
Business restructuring (Note 16)	$5.1M	$65.4M	—	—
Operating Income (Loss)	$37.2M	($49.6M)	$21.8M	$18.0M
Interest, net	($5.7M)	($5.0M)	($6.8M)	($5.5M)
Other, net (Note 15)	$1.0M	$144.0K	$1.5M	$1.3M
Nonoperating Income (Expense), Total	($4.7M)	($4.9M)	($5.3M)	($4.2M)
Income (Loss) Before Provision for Income Taxes	$32.5M	($54.5M)	$16.5M	$13.8M
Provision for Income Taxes	$9.6M	($13.1M)	$5.7M	$2.4M
Net Income (Loss)	$22.9M	($41.4M)	$10.8M	$11.3M
Basic	$1.00	-$1.81	$0.47	$0.50
Diluted	$1.00	-$1.81	$0.47	$0.50
Basic	22.9M	22.9M	22.9M	22.9M
Diluted	22.9M	22.9M	22.9M	22.9M

Balance sheet

Stepan Co 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	$132.7M	$99.7M	$129.8M	$173.8M
Receivables, less allowances of $10,533 in 2025 and $10,827 in 2024	$388.0M	$388.0M	$422.1M	$436.9M
Inventories (Note 5)	$298.8M	$288.7M	$265.6M	$402.5M
Other current assets	$39.5M	$34.0M	$34.5M	$31.6M
Total current assets	$859.0M	$810.4M	$851.9M	$1.0B
Land	$58.4M	$54.5M	$52.8M	$50.7M
Buildings and improvements	$455.1M	$399.2M	$335.0M	$293.3M
Machinery and equipment	$2.2B	$1.9B	$1.8B	$1.6B
Construction in progress	$112.9M	$275.0M	$400.4M	$386.1M
Property, Plant and Equipment, Gross	$2.8B	$2.6B	$2.6B	$2.4B
Less: Accumulated depreciation	($1.6B)	($1.4B)	($1.4B)	($1.3B)
Property, plant and equipment, net	$1.2B	$1.2B	$1.2B	$1.1B
Goodwill, net (Note 4)	$92.6M	$91.4M	$97.4M	$95.9M
Other intangible assets, net (Note 4)	$39.5M	$42.7M	$52.6M	$58.0M
Long-term investments (Note 2)	$21.3M	$25.6M	$26.8M	$23.3M
Operating lease assets (Note 7)	$62.5M	$71.5M	$70.6M	$62.5M
Other non-current assets	$63.3M	$64.7M	$57.3M	$75.3M
Total Assets	$2.4B	$2.3B	$2.4B	$2.4B
Current maturities of debt (Note 6)	$285.7M	$292.8M	$252.9M	$132.1M
Accounts payable	$261.7M	$258.8M	$233.0M	$375.7M
Accrued liabilities (Note 14)	$119.0M	$117.4M	$121.9M	$162.8M
Total current liabilities	$666.5M	$669.0M	$607.9M	$670.6M
Deferred income taxes (Note 9)	$11.4M	$9.6M	$10.4M	$10.2M
Long-term debt, less current maturities (Note 6)	$341.0M	$332.6M	$401.2M	$455.0M
Non-current operating lease liability (Note 7)	$49.3M	$57.4M	$58.0M	$50.6M
Other non-current liabilities (Note 15)	$45.4M	$66.0M	$69.3M	$80.7M
Common stock, $1 par value; 60,000,000 authorized shares; 27,301,177 issued shares in 2025 and 27,156,436 issued shares in 2024	27.3M	27.2M	27.0M	26.8M
Additional paid-in capital	$259.8M	$253.8M	$247.0M	$237.2M
Accumulated other comprehensive loss (Note 19)	($139.0M)	($196.8M)	($130.6M)	($167.5M)
Retained earnings	$1.3B	$1.3B	$1.3B	$1.3B
Less: Common treasury stock, at cost, 4,676,739 shares in 2025 and 4,655,798 shares in 2024	-189.9M	-188.0M	-184.4M	-180.6M
Total Stepan Company stockholders’ equity	$1.2B	$1.2B	$1.2B	$1.2B
Total Liabilities and Equity	$2.4B	$2.3B	$2.4B	$2.4B

Stepan Co balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$113.7M	$140.8M	$118.5M	$88.9M
Receivables, net	$492.3M	$433.7M	$436.1M	$442.2M
Inventories (Note 6)	$324.5M	$289.0M	$324.3M	$329.5M
Other current assets	$44.3M	$42.7M	$41.7M	$45.6M
Total current assets	$974.8M	$906.2M	$920.6M	$906.1M
Cost	$2.8B	$2.7B	$2.7B	$2.7B
Less: Accumulated depreciation	($1.6B)	($1.6B)	($1.5B)	($1.5B)
Property, plant and equipment, net	$1.1B	$1.1B	$1.2B	$1.2B
Goodwill, net	$91.7M	$92.3M	$99.0M	$98.9M
Other intangible assets, net	$36.1M	$37.7M	$41.0M	$42.6M
Long-term investments (Note 3)	$14.5M	$13.3M	$20.8M	$19.8M
Operating lease assets (Note 7)	$58.1M	$59.5M	$65.8M	$63.3M
Other non-current assets	$74.8M	$76.2M	$62.8M	$63.9M
Total assets	$2.4B	$2.3B	$2.4B	$2.4B
Current maturities of debt (Note 14)	$403.3M	$323.3M	$298.4M	$274.8M
Accounts payable	$321.7M	$285.7M	$289.4M	$281.8M
Accrued liabilities	$122.0M	$111.4M	$121.6M	$116.5M
Total current liabilities	$847.0M	$720.5M	$709.4M	$673.0M
Deferred income taxes	$11.0M	$11.1M	$10.3M	$10.4M
Long-term debt, less current maturities (Note 14)	$244.1M	$328.4M	$357.1M	$383.2M
Non-current operating lease liabilities (Note 7)	$45.0M	$47.1M	$52.0M	$50.1M
Other non-current liabilities	$33.5M	$33.3M	$52.1M	$52.9M
Common stock, $1 par value; authorized 60,000,000 shares; 27,467,526 issued shares in 2026 and 27,301,177 issued shares in 2025	27.5M	27.4M	27.3M	27.3M
Additional paid-in capital	$265.3M	$262.2M	$258.2M	$256.6M
Accumulated other comprehensive loss (Note 11)	($136.7M)	($138.7M)	($138.6M)	($139.9M)
Retained earnings	$1.2B	$1.2B	$1.3B	$1.3B
Less: Common treasury stock, at cost, 4,735,033 shares in 2026 and 4,676,739 shares in 2025	-193.3M	-193.3M	-189.8M	-189.8M
Total Stepan Company stockholders’ equity	$1.2B	$1.2B	$1.2B	$1.2B
Total liabilities and equity	$2.4B	$2.3B	$2.4B	$2.4B

Cash flow statement

Stepan Co 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	$46.9M	$50.4M	$40.2M	$147.2M
Depreciation and amortization	$126.0M	$112.2M	$105.3M	$94.7M
Deferred compensation	$2.2M	$2.2M	$4.4M	($9.4M)
Realized and unrealized (gains) on long-term investments	($1.9M)	($3.3M)	($4.3M)	$8.2M
Stock-based compensation	$6.0M	$5.3M	$5.7M	$13.9M
Deferred income taxes	($1.4M)	($10.3M)	$18.3M	($27.5M)
Goodwill and other intangibles impairment (Note 4)	$6.2M	—	$2.0M	—
Other non-cash items	($14.1M)	$2.8M	$5.1M	$1.8M
Receivables, net	$23.7M	$9.0M	$32.0M	($26.2M)
Inventories	$500.0K	($37.2M)	$144.8M	($99.4M)
Other current assets	($7.3M)	($1.0K)	($4.5M)	($4.4M)
Accounts payable and accrued liabilities	($32.7M)	$34.0M	($158.9M)	$54.2M
Pension liabilities	($2.9M)	($131.0K)	($1.2M)	($1.8M)
Environmental and legal liabilities	($680.0K)	($695.0K)	($12.0M)	$9.5M
Deferred revenues	($2.7M)	($2.2M)	($2.1M)	($962.0K)
Net Cash Provided By Operating Activities	$147.9M	$162.1M	$174.9M	$160.8M
Expenditures for property, plant and equipment	($122.5M)	($122.8M)	($260.3M)	($301.6M)
Proceeds from sales of assets (Note 20)	$26.6M	—	—	—
Other, net	$6.9M	$5.8M	$1.7M	$3.2M
Net Cash Used In Investing Activities	($89.0M)	($116.9M)	($258.7M)	($308.1M)
Revolving debt and bank overdrafts, net (Note 6)	($10.9M)	$19.9M	$104.7M	$186.6M
Other debt borrowings (Note 6)	$75.0M	—	—	$75.0M
Other debt repayments (Note 6)	($62.9M)	($48.6M)	($37.9M)	($37.9M)
Dividends paid	($35.0M)	($34.0M)	($32.9M)	($30.6M)
Stock option exercises	$104.0K	$1.1M	$2.8M	$782.0K
Other, net	($1.8M)	($3.0M)	($3.5M)	($2.7M)
Net Cash Provided By (Used In) Financing Activities	($35.4M)	($64.5M)	$33.3M	$166.2M
Effect of Exchange Rate Changes on Cash	$9.6M	($10.7M)	$6.6M	($4.3M)
Net Increase (Decrease) in Cash and Cash Equivalents	$33.0M	($30.2M)	($43.9M)	$14.6M
Cash and Cash Equivalents at Beginning of Year	$99.7M	$129.8M	$173.8M	$159.2M
Cash and Cash Equivalents at End of Year	$132.7M	$99.7M	$129.8M	$173.8M
Cash payments of income taxes, net of refunds (Note 9)	$8.5M	($12.3M)	$29.6M	$41.6M
Cash payments of interest	$28.7M	$29.8M	$28.0M	$16.5M

Stepan Co cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income (loss)	($18.5M)	($41.4M)	$41.9M	$31.1M
Depreciation and amortization	$63.9M	$32.9M	$93.3M	$60.6M
Deferred compensation (income) expense	$2.0M	$562.0K	$1.6M	$765.0K
Realized and unrealized loss on long-term investments	($1.1M)	$114.0K	($2.0M)	($1.1M)
Stock-based compensation	$3.6M	$1.5M	$4.5M	$3.1M
Deferred income taxes	($10.9M)	($12.3M)	$1.7M	$496.0K
Business restructuring	$63.5M	$64.8M	—	—
Other non-cash items	$662.0K	$156.0K	$1.2M	$412.0K
Receivables, net	($104.3M)	($46.2M)	($25.3M)	($31.8M)
Inventories	($24.2M)	$10.6M	($24.8M)	($30.7M)
Other current assets	($5.1M)	($4.1M)	($7.4M)	($10.8M)
Accounts payable and accrued liabilities	$56.4M	$10.2M	$6.5M	($1.6M)
Pension liabilities	($116.0K)	($28.0K)	($673.0K)	($472.0K)
Environmental and legal liabilities	$348.0K	$554.0K	($546.0K)	($436.0K)
Deferred revenues	($922.0K)	($466.0K)	($2.1M)	($1.5M)
Net Cash Provided By Operating Activities	$25.3M	$16.9M	$87.9M	$18.1M
Expenditures for property, plant and equipment	($54.3M)	($30.9M)	($87.9M)	($58.3M)
Other, net	$8.0M	$8.0M	$6.9M	$6.9M
Net Cash Used In Investing Activities	($46.3M)	($22.9M)	($81.0M)	($51.5M)
Revolving debt and bank overdrafts, net (Note 14)	$41.3M	$35.7M	$3.6M	($18.2M)
Other debt repayments	($20.7M)	($10.7M)	($48.6M)	($24.3M)
Dividends paid	($17.9M)	($9.0M)	($26.1M)	($17.4M)
Stock option exercises	$294.0K	$294.0K	$104.0K	$104.0K
Other, net	($1.7M)	($2.7M)	($1.8M)	($2.0M)
Net Cash Provided By Financing Activities	$1.2M	$13.6M	$2.3M	$13.3M
Effect of Exchange Rate Changes on Cash	$835.0K	$461.0K	$9.7M	$9.3M
Net Decrease in Cash and Cash Equivalents	($19.0M)	$8.1M	$18.9M	($10.8M)
Cash and Cash Equivalents at Beginning of Period	$132.7M	$132.7M	$99.7M	$99.7M
Cash and Cash Equivalents at End of Period	$113.7M	$140.8M	$118.5M	$88.9M
Cash payments of income taxes, net of refunds	$9.6M	$5.3M	$4.1M	$4.6M
Cash payments of interest	$14.2M	$6.0M	$20.3M	$13.6M

Stepan Co score and earnings-call analysis · All covered companies

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