Filing Flows › Ashland (ASH) › Q4 FY25
Ashland (ASH) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 20, 2025
Ashland (ASH) reported revenue of $477M for the fourth quarter fiscal 2025 (Q4 FY25), -9% from a year earlier and +3% from the quarter before. Operating margin was 12.8%, net earnings $32.0M (6.7% of revenue).
Ashland, Q4 FY25: revenue $477M (-9% year over year), operating margin 12.8%, net earnings $32.0M, operating cash flow $40.0M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $477M | +3% | -9% |
| Gross profit | $159M | +20% | -9% |
| Operating profit | $61.0M | — | +97% |
| Net earnings | $32.0M | — | +100% |
| Operating cash flow | $40.0M | -65% | -50% |
| Free cash flow | $6.0M | -94% | -86% |
What changed
Revenue was $477.0M in Q4 FY25, down 9% year over year and up 3% from the previous quarter.
Gross margin was 33.3%, unchanged from a year earlier. Operating profit was $61.0M, a 12.8% margin (up 6.8 points year over year). Operating expenses fell 31% while revenue fell 9%. Net earnings were $32.0M, up 100% year over year. The effective tax rate was 50.0%.
Operating cash flow was $40.0M (down 50% year over year), 125% of net earnings. Non-cash charges added back $50.0M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $45.0M. Capital expenditures of $34.0M left free cash flow of $6.0M.
Questions
What was Ashland's revenue in the fourth quarter fiscal 2025?
Ashland (ASH) reported revenue of $477M for the fourth quarter fiscal 2025 (Q4 FY25), -9% from a year earlier and +3% from the quarter before.
Was Ashland profitable in the fourth quarter fiscal 2025?
Operating profit was $61.0M (12.8% of revenue) and net earnings $32.0M.
Source: Ashland 10-K on SEC EDGAR.