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Element Solutions (ESI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 22, 2026 · Element Solutions (ESI) Q3 2026 earnings results →
Q3 2026 Revenue up 52% year over year to $995M · 7¢ of every $1 of revenue kept as net profit · operating margin 11.4%
Element Solutions made $995M in Q3 2026 (+52% Y/Y): Electronics $780M, Specialties $216M. Operating margin 11.4%, net earnings $65.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 22, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $995.3M in Q3 2026, up 52% year over year and up 2% from the previous quarter. Electronics was the largest line at 78% of revenue. Electronics added $314.4M year over year (up 68%), 93% of the total change.
Gross margin was 34.4%, down 7.8 points from Q3 2025. Operating profit was $113.9M, a 11.4% margin (down 3.9 points year over year). Of the extra revenue versus Q3 2025, 4% reached operating profit, below the 15% margin then. Operating expenses grew 30% against revenue growth of 52%. The fastest-growing cost line was SG&A (+30%). Net earnings were $65.7M, up 67% year over year. The effective tax rate was 29.6%.
Operating cash flow was $159.2M (up 59% year over year), 242% of net earnings. Non-cash charges added back $45.1M of depreciation and amortization and $18.2M of share-based compensation. Working capital and other items added $30.2M. After capital expenditures, net ($24.7M), free cash flow as the company reports it was $134.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 22, 2026 | $995M | +52% | 11.4% | $65.7M | $159M |
| Q2 2026 | 10-Q | Jul 28, 2026 | $978M | +56% | 11.6% | $77.3M | $99.6M |
| Q1 2026 | 10-Q | Apr 29, 2026 | $840M | +42% | 13.3% | $56.0M | −$66.6M |
| Q4 2025 | 10-K | Feb 18, 2026 | $676M | +8% | 10.3% | $6.2M | $91.1M |
| Q3 2025 | 10-Q | Oct 29, 2025 | $656M | +2% | 15.4% | $39.3M | $100M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $625M | +2% | 15.1% | $47.5M | $72.6M |
| Q1 2025 | 10-Q | Apr 24, 2025 | $594M | +3% | 13.0% | $98.0M | $26.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Element Solutions
Unless the context otherwise indicates or requires, all product names, trade names, trademarks, service marks or logos used in this 2025 Annual Report are part of our intellectual property, although the “®” and “TM” trademark designations may have been omitted. For financial and other information about our segments and the geographic areas in which we do business, see "Management’s Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7, "Financial Statements and Supplementary Data" in Part II, Item 8, as well as Note 1, "Background and Basis of Presentation" and Note 22, "Segment Information" to our audited Consolidated Financial Statements, all included in this 2025 Annual Report.
In its own words, from its 10-K, filed Feb 18, 2026.
Element Solutions against its Miscellaneous Chemical Products peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +52% against the peers' median +9%. Operating margin: 11.4% against the peers' median 8.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ESI Element Solutions | Q3 2026 | $995M | +52% | 11.4% |
| CBT Cabot | Q4 FY26 | $1.0B | +12% | 12.0% |
| OEC Orion S.A. | Q3 2026 | $473M | +5% | 4.8% |
| WDFC WD 40 | Q4 FY26 | $177M | +8% | 10.8% |
| FTK Flotek Industries | Q3 2026 | $114M | +104% | 15.7% |
| ARQ Arq | Q3 2026 | $38.2M | +9% | 8.2% |
| FSI Flexible Solutions International | Q2 2026 | $7.6M | -33% | -29.2% |
| ASPI ASP Isotopes | Q2 2026 | $5.1M | +328% | -667.5% |
| PURE Pure Bioscience | Q4 FY26 | $659K | -14% | -76.3% |
Source: Element Solutions 10-Q on SEC EDGAR · CIK 1590714 · Miscellaneous Chemical Products
Guidance and outlook
13F: who owns ESI and who is buying
More on ESI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Element Solutions guidance history: guided vs reported
- Element Solutions gross margin by quarter
- Element Solutions operating margin by quarter
- Element Solutions net income by quarter
- Element Solutions free cash flow by quarter
- Element Solutions R&D spending by quarter
- Element Solutions capital expenditures by quarter
- Element Solutions Electronics revenue by quarter
- Element Solutions Specialties revenue by quarter