Touchstone
Last syncOct 31, 2026, 6:54 PM ET

ASH

Ashland Inc. Industrials Wholesale-Chemicals & Allied Products Russell 3000
$74.68Close $3.4BMarket cap $46.54 – $76.0152-week range Nov 3, 2026Next report · after the close

Highlights

Strengths

  • In a stage-2 uptrend all 8 trend conditions pass
  • Leading the market RS 83 · stronger than 83% of stocks over 12 months
  • Near its high 2% below its 52-week high
  • Volume drying up last 10 days 26% under the 50-day average

Cautions

  • Results soon Nov 3, 2026, in 2 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Sep 30, 2025 · filed Jul 29, 2026
Off 12-month high 2%
1wk up 2.3% price change
1mo up 10.0% price change
12-month return up 58% market up 11% · its own up 44%
F-score 5 / 9 Mixed
Altman Z″ 2.35 Moderate risk
P/E — price / earnings
PEG — P/E / EPS growth
P/B 1.8× price / book
Earnings yield down 16.8% EBIT / enterprise value
Cheaper than 36% of the market · expensive
Revenue growth down 14% year on year
EPS growth — latest quarter
Sales growth up 7% latest quarter · +7 pts
ROE down 35% return on equity
Free cash margin up 2% $36.0M FCF
D/E 0.73 long-term debt / equity
Net debt / EBITDA —
Interest cover Lossoperating loss
Piotroski tests
  • not yet profitable on its assets
  • profitability slipped from last year
  • took on more long-term debt
  • assets working less efficiently
  • generating cash from operations
  • profits backed by cash
  • short-term liquidity improved
  • no new shares issued
  • gross margin widened

Trade setup

ATR% 2.2% $1.62 a day · 2×ATR $71.45
RS 83 / 99 vs the universe
Trend 8 / 8 trend template
Relative volume 0.8× vs 50-day average
Up/down volume 1.01 50 sessions
Implied move — no option chain · report Nov 3, 2026
Trend template · 8 of 8

Screen verdict

Did not qualify for any screen.

Warning signs

2 flagged
  • Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
  • Revenue shrinking Revenue fell 13.7% over the year, from $2.1B to $1.8B.
Last reported Jul 28, 2026

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $1.8B -14% on FY2024
$0 $2.5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $2.0B FY2021 · $2.1B FY2022 · $2.4B FY2023 · $2.2B FY2024 · $2.1B FY2025 · $1.8B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology -$845.0M down to a loss
-$1B $0 $1B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$508.0M FY2021 · $220.0M FY2022 · $927.0M FY2023 · $178.0M FY2024 · $169.0M FY2025 · -$845.0M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $36.0M -89% on FY2024
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $94.0M FY2021 · $361.0M FY2022 · $80.0M FY2023 · $124.0M FY2024 · $325.0M FY2025 · $36.0M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 30%
  • Net -46%
  • Free cash 2%
-50% 0% 50% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 30% · Net -25% · Free cash 5% FY2021 · Gross 32% · Net 10% · Free cash 17% FY2022 · Gross 35% · Net 39% · Free cash 3% FY2023 · Gross 30% · Net 8% · Free cash 6% FY2024 · Gross 29% · Net 8% · Free cash 15% FY2025 · Gross 30% · Net -46% · Free cash 2%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $1.2B net debt
  • Cash
  • Long-term debt
$0 $2B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $454.0M · Long-term debt $1.6B FY2021 · Cash $210.0M · Long-term debt $1.6B FY2022 · Cash $646.0M · Long-term debt $1.3B FY2023 · Cash $417.0M · Long-term debt $1.3B FY2024 · Cash $300.0M · Long-term debt $1.3B FY2025 · Cash $215.0M · Long-term debt $1.4B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 46m -24.6% since FY2020
61m 46m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 61m FY2021 · 57m FY2022 · 54m FY2023 · 51m FY2024 · 47m FY2025 · 46m
  FY2020Sep 30, 2020 FY2021Sep 30, 2021 FY2022Sep 30, 2022 FY2023Sep 30, 2023 FY2024Sep 30, 2024 FY2025Sep 30, 2025
Revenue $2.0B $2.1B $2.4B $2.2B $2.1B $1.8B
Gross margin 30% 32% 35% 30% 29% 30%
Operating income -$461.0M $192.0M $333.0M $172.0M -$26.0M -$775.0M
Net income -$508.0M $220.0M $927.0M $178.0M $169.0M -$845.0M
Net margin -25% 10% 39% 8% 8% -46%
Earnings per share -$8.33 $3.61 $16.55 $3.30 $3.38 -$18.37
Free cash flow $94.0M $361.0M $80.0M $124.0M $325.0M $36.0M
Free cash margin 5% 17% 3% 6% 15% 2%
Cash $454.0M $210.0M $646.0M $417.0M $300.0M $215.0M
Long-term debt $1.6B $1.6B $1.3B $1.3B $1.3B $1.4B
Shareholders' equity $3.0B $2.8B $3.2B $3.1B $2.9B $1.9B
Shares outstanding 61m 57m 54m 51m 47m 46m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Jul 29, 2026 Quarterly ↗ Jun 30, 2026 29d
Apr 29, 2026 Quarterly ↗ Mar 31, 2026 29d
Feb 3, 2026 Quarterly ↗ Dec 31, 2025 34d
Nov 20, 2025 Annual ↗ Sep 30, 2025 51d
Jul 30, 2025 Quarterly ↗ Jun 30, 2025 30d
May 1, 2025 Quarterly ↗ Mar 31, 2025 31d
Jan 29, 2025 Quarterly ↗ Dec 31, 2024 29d
Nov 18, 2024 Annual ↗ Sep 30, 2024 49d
Aug 7, 2024 Quarterly ↗ Jun 30, 2024 38d
May 1, 2024 Quarterly ↗ Mar 31, 2024 31d
Jan 31, 2024 Quarterly ↗ Dec 31, 2023 31d
Nov 17, 2023 Annual ↗ Sep 30, 2023 48d

Current reports

FiledDisclosed
Sep 25, 2026 Material agreement · New obligation ↗
Jul 31, 2026 Material agreement · New obligation ↗
Jul 28, 2026 Material agreement · Director or officer change · Regulation FD ↗
Jul 28, 2026 Results · Regulation FD ↗
May 29, 2026 Material agreement · New obligation ↗
May 18, 2026 Director or officer change ↗
Apr 28, 2026 Results · Regulation FD ↗
Feb 2, 2026 Results · Regulation FD ↗
Jan 27, 2026 Director or officer change ↗
Jan 22, 2026 Shareholder vote ↗
Nov 4, 2025 Results · Regulation FD ↗
Sep 18, 2025 Director or officer change ↗