The Filing Desk

Ashland Global vs Cabot

Ashland Global ASH · Cabot CBT · Diversified Chemicals

Cabot reported revenue of $3.7 billion in fiscal 2025, 2.0 times Ashland Global's $1.8 billion in fiscal 2025. Ashland Global's revenue fell 13.7% in its latest year, and Cabot's fell 7.0%. Ashland Global had an operating margin of -42.5%, against 16.7% at Cabot. Free cash flow was $36 million at Ashland Global and $391 million at Cabot.

Side by side

Ashland GlobalCabot
Latest fiscal yearFY2025, Sep 30, 2025FY2025, Sep 30, 2025
Revenue$1.8B$3.7B
Revenue growth−13.7%−7.0%
Revenue growth a year, last 5 years−2.0%7.3%
Gross margin30.1%25.3%
Operating margin−42.5%16.7%
Net margin−46.3%8.9%
Free cash flow$36M$391M
Free cash flow margin2.0%10.5%
Return on capital−17.5%15.9%
Net debt to EBITDA—1.1x
Dividends and buybacks$176M$264M
Change in diluted share count−8.0%−2.7%
Last close$72.32$72.88
P/E at the last close68.9×12.7×
Insider trades, last 12 months—sold $19.6 million
Piotroski F-score5 of 96 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Ashland GlobalCabot
Operating margin
Percent of revenue
Ashland GlobalCabot
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Ashland GlobalCabot

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Ashland Global and Cabot pages.