Filing Flows › Ashland (ASH) › Q3 FY25
Ashland (ASH) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 30, 2025
Ashland (ASH) reported revenue of $463M for the third quarter fiscal 2025 (Q3 FY25), -15% from a year earlier and -3% from the quarter before. Operating margin was -152.9%, net loss $742M (160.3% of revenue).
Ashland, Q3 FY25: revenue $463M (-15% year over year), operating margin -152.9%, net loss $742M, operating cash flow $115M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $463M | -3% | -15% |
| Operating profit | −$708M | -1488% | — |
| Net earnings | −$742M | -2494% | — |
| Operating cash flow | $115M | 13× | -9% |
| Free cash flow | $95.0M | — | -3% |
What changed
Revenue was $463.0M in Q3 FY25, down 15% year over year and down 3% from the previous quarter.
Gross margin was 28.5%, down 5.7 points from a year earlier. Operating costs exceeded revenue by $708.0M, an operating margin of -152.9%. Operating expenses grew 240% against a revenue fall of 15%. The fastest-growing cost line was Other operating costs (+511%). The quarter ended with a net loss of $742.0M, after a profit of $31.0M the previous quarter.
Operating cash flow was $115.0M (down 9% year over year). Non-cash charges added back $76.0M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $779.0M. Capital expenditures of $20.0M left free cash flow of $95.0M.
Questions
What was Ashland's revenue in the third quarter fiscal 2025?
Ashland (ASH) reported revenue of $463M for the third quarter fiscal 2025 (Q3 FY25), -15% from a year earlier and -3% from the quarter before.
Was Ashland profitable in the third quarter fiscal 2025?
Operating loss was $708M (-152.9% of revenue) and net loss $742M.
Source: Ashland 10-Q on SEC EDGAR.