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Materials Specialty Chemicals Saint Paul, Minnesota Last filing Feb 23, 2026 · FY2025

                    Revenue
                    FY2025
                
$16.1B
                    3y CAGR +4.3%
                    
                    P91
                    
                    +2.2%
                    
                    Net income
                    FY2025
                
$2.1B
                    Net margin +12.9%
                    
                    P77
                    
                    -1.7%
                    
                    Total assets
                    FY2025
                
$24.7B
                    ROA +8.4%
                    
                    P86
                    
                    +10.3%
                    
                    Operating cash flow
                    FY2025
                
$3.0B
                    FCF margin +11.8%
                    
                    P73
                    
                    +4.9%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 5 years

Total assets $24.7B

Total liabilities $14.9B

Shareholders equity $9.8B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+15.8%	+51.7%	+59.8%	+66.3%	—
Accounts Receivable	+7.0%	+5.0%	+6.9%	+8.9%	—
Inventory	-0.0%	-0.6%	+0.2%	+20.2%	—
Other Current Assets	+12.4%	+7.1%	+4.9%	+13.4%	—
Total Current Assets	+6.2%	+8.7%	+9.7%	+17.2%	—
Property,Plant and Equipment	+6.8%	+4.5%	+2.8%	+0.1%	—
Operating Lease Assets	+17.9%	+22.2%	+18.1%	+13.0%	—
Goodwill	+3.4%	-0.7%	+0.5%	-0.6%	—
Intangible Assets	-3.3%	-7.8%	-9.1%	-12.9%	—
Other Noncurrent Assets	+9.4%	+7.1%	-1.2%	-2.0%	—
Total Assets	+3.9%	+1.8%	+1.5%	+1.2%	—
Liabilities
Accounts Payable	+10.6%	+9.4%	+6.4%	+24.9%	—
Accrued Liabilities	+8.7%	+11.7%	+15.2%	+12.6%	—
Current Portion of Long Term Debt	+20.6%	+14.4%	+23.8%	+22.9%	—
Other Current Liabilities	+11.0%	+9.8%	+8.0%	+12.4%	—
Total Current Liabilities	+11.7%	+10.5%	+10.6%	+18.5%	—
Long Term Debt	-3.1%	-5.9%	-4.9%	-3.3%	—
Operating Lease Liabilities Noncurrent	+20.5%	+26.8%	+22.7%	+19.5%	—
Deferred Tax Liabilities	-14.7%	-23.4%	-18.0%	-18.7%	—
Other Noncurrent Liabilities	-1.9%	-4.5%	-5.1%	-6.2%	—
Total Liabilities	+1.6%	-0.9%	-0.6%	+1.8%	—
Equity
Common Stock	+0.4%	+0.3%	+0.2%	+0.2%	—
Additional Paid In Capital	+3.9%	+3.5%	+2.3%	+1.8%	—
Retained Earnings	+9.8%	+9.3%	+6.9%	+5.7%	—
Treasury Stock	+7.6%	+7.0%	+3.8%	+7.6%	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Total Stockholders Equity	+7.8%	+6.6%	+5.5%	+0.2%	—
Noncontrolling Interest	+3.9%	+3.3%	-2.5%	-22.1%	—
Total Liabilitiesand Equity	+3.9%	+1.8%	+1.5%	+1.2%	—

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $16.1B

Operating income $2.7B

Net income $2.1B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+6.0%	+7.3%	+9.7%	+11.4%	—
Expenses Cost of Revenue	+4.1%	+5.3%	+9.6%	+16.0%	—
Expenses Selling,General and Administrative	+5.7%	+7.4%	+9.0%	+7.0%	—
Expenses Other Operating Expenses	+10.8%	—	+4.2%	+36.9%	—
Other Income Expense Operating Income	+14.4%	+20.6%	+11.6%	-2.3%	—
Other Income Expense Interest Expense	+2.5%	+9.0%	+16.6%	+11.6%	—
Other Income Expense Other Income/expense	+11.0%	+14.8%	+32.9%	-27.7%	—
Other Income Expense Income Before Tax	+15.9%	+22.1%	+11.4%	-5.0%	—
Income Tax Income Tax Expense	+13.9%	+17.6%	+15.8%	-13.2%	—
net Income Other Items Below Tax	—	—	—	—	—
net Income net Income	+16.4%	+23.2%	+10.2%	-3.4%	—
net Income Comprehensive Income	+10.0%	+10.0%	-8.4%	-32.9%	—
Earnings Per Share Basic Eps	+16.7%	+23.4%	+10.5%	-3.0%	—
Earnings Per Share Diluted Eps	+16.8%	+23.5%	+10.7%	-2.6%	—
Earnings Per Share Weighted Average Shares Diluted	-0.3%	-0.3%	-0.5%	-0.9%	—

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Operating cash flow $3.0B

Investing cash flow $-2.7B

Financing cash flow $-853.3M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	+16.3%	+23.1%	+10.3%	-3.1%	—
Operating Activities Depreciation and Amortization	+3.8%	+3.5%	+4.7%	+11.5%	—
Operating Activities Stock Based Compensation	+11.1%	+14.6%	+3.1%	-1.9%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	+564.6%	+1546.7%	—	—
Operating Activities Other Non Cash Items	—	—	—	—	—
Operating Activities net Cash From Operating Activities	+9.4%	+10.9%	+8.2%	-13.3%	—
Investing Activities Capital Expenditures	—	—	—	—	—
Investing Activities Business Acquisitions	—	—	—	—	—
Investing Activities Other Investing Activities	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Proceeds From Debt	-22.5%	-91.6%	—	-97.2%	—
Financing Activities Repayment of Debt	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—
Financing Activities Dividends Paid	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	+12.3%	+21.8%	-17.9%	-79.7%	—
Financing Activities Other Financing Activities	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	-69.2%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+44.5%	+43.5%	+40.2%	+37.8%	+40.2%
Operating margin	+17.0%	+17.8%	+13.0%	+11.0%	+12.6%
Net margin	+12.9%	+13.4%	+9.0%	+7.7%	+8.9%
FCF margin	+11.8%	+11.6%	+10.7%	+7.6%	+11.1%
Growth
Revenue CAGR (3y)	+4.3%	+7.3%	+9.1%	+4.1%	+1.4%
Returns
ROE	+21.2%	+24.1%	+17.1%	+15.1%	+15.6%
ROA	+8.4%	+9.4%	+6.3%	+5.1%	+5.3%
ROIC	+13.0%	+15.4%	+10.3%	+8.5%	+8.3%
Liquidity
Current ratio	1.08x	1.26x	1.30x	1.30x	1.32x
Quick ratio	0.70x	0.86x	0.86x	0.78x	0.80x
Leverage
D/E	1.52x	1.55x	1.71x	1.96x	1.93x
Interest coverage	11.35x	9.92x	6.71x	6.41x	7.32x
Efficiency
Asset turnover	0.65x	0.70x	0.70x	0.66x	0.60x
Cash conversion cycle	+50d	+52d	+65d	+72d	+76d

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