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Companies / Materials / Ashland Inc.
ASH

Ashland Inc.

MaterialsWholesale
Ticker ASHWILMINGTON, DEFiscal year ends SeptemberBook value per share $29.68Diluted shares 63.0M

Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company serving consumer and industrial markets, including pharmaceuticals, food and beverage, personal care, architectural coatings, construction, energy and automotive. Its four reportable segments are Life Sciences, which supplies… From the company’s description.

Over the twelve months to Jun 30, 2026, Ashland Inc. reported revenue of $1.84B, down 1.4% from a year earlier, and net income of $52.00M. Its operating margin was 7.4%, and operations generated $335.00M in cash. In fiscal 2025, it reported revenue of $1.82B, down 13.7% from fiscal 2024, and a net loss of $845.00M.

Fiscal year 2025 · ends 09-30Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.82BFY2025
−13.7% year over year
Last 12 mo $1.84B
-42.49%FY2025
−41.3 percentage points
Last 12 mo 7.44%
$-845.00MFY2025
−600.0% year over year
Last 12 mo $52.00M
-7.90%FY2025
−13.8 percentage points
Last 12 mo 2.78%
Cash & financing
$134.00MFY2025
−71.0% year over year
Last 12 mo $335.00M
$36.00MFY2025
−88.9% year over year
Last 12 mo $250.00M
0.93FY2025
Was 0.61× a year earlier
Last 12 mo 0.95
—

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Ashland Inc. does

In the company’s own words

Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company serving consumer and industrial markets, including pharmaceuticals, food and beverage, personal care, architectural coatings, construction, energy and automotive. Its four reportable segments are Life Sciences, which supplies pharmaceutical excipients, tablet coatings and nutrition ingredients; Personal Care, which provides ingredients for skin, hair, oral care and household products; Specialty Additives, which sells rheology and performance additives for coatings, construction, energy and industrial uses; and Intermediates, which produces 1,4-butanediol and related derivatives for chemical, polymer and process-solvent applications. Customers include pharmaceutical and consumer-product companies, manufacturers, construction businesses and industrial producers. Ashland’s products include cellulosics and polyvinylpyrrolidone polymers, with cellulosics representing 39% of consolidated sales in fiscal 2025. The company has approximately 2,900 employees and serves customers in more than 100 countries. Its website is www.ashland.com.

Company details
Sector
Materials
Industry (SIC)
Wholesale
Headquarters
WILMINGTON, DE
Fiscal year end
September
CIK
1674862
SIC
5160

Financial performance, year by year

Fiscal 2012–2025 · USD
$-1.75B$965.20M$3.68B$6.40B$9.11B20122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Ashland Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

301
funds hold it
0 of 35
superinvestors hold it
$1.36B
held by funds, at market
48.1%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Ashland Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.08%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
MFS Mid Cap Value Fund
MVCAX · MFS SERIES TRUST XI
0.49%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.10%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Ashland Inc.’s bonds, as funds hold them

Funds report holding 2 issues of Ashland Inc.’s debt, $179.63M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.99%, maturing 2031 to 2043.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Ashland Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Ashland Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Ashland Inc.'s last four quarterly filings that the numbers alone won't show?”
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