Filing Flows › Element Solutions (ESI) › Q3 2025
Element Solutions (ESI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Element Solutions (ESI) reported revenue of $656M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +5% from the quarter before. Operating margin was 15.4%, net earnings $39.3M (6.0% of revenue).
Element Solutions, Q3 2025: revenue $656M (+2% year over year), operating margin 15.4%, net earnings $39.3M, operating cash flow $100M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $656M | +5% | +2% |
| Gross profit | $277M | +4% | +4% |
| Operating profit | $101M | +7% | +6% |
| Net earnings | $39.3M | -17% | -3% |
| Operating cash flow | $100M | +38% | +2% |
| Free cash flow | $84.1M | — | — |
What changed
Revenue was $656.1M in Q3 2025, up 2% year over year and up 5% from the previous quarter. Electronics was the largest line at 71% of revenue. Electronics added $46.1M year over year (up 11%), 415% of the total change. Industrial & Specialty declined 15%.
Gross margin was 42.2%, up 0.7 points from a year earlier. Operating profit was $100.8M, a 15.4% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 52% reached operating profit, above the 15% margin then. Operating expenses grew 2% against revenue growth of 2%. The fastest-growing cost line was Research & development (+21%). Net earnings were $39.3M, down 2% year over year. The effective tax rate was 29.2%.
Operating cash flow was $100.1M (up 2% year over year), 255% of net earnings. Non-cash charges added back $38.6M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $17.7M. After capital expenditures, net ($16.0M), free cash flow as the company reports it was $84.1M.
Questions
What was Element Solutions' revenue in the third quarter 2025?
Element Solutions (ESI) reported revenue of $656M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +5% from the quarter before.
Was Element Solutions profitable in the third quarter 2025?
Operating profit was $101M (15.4% of revenue) and net earnings $39.3M.
Source: Element Solutions 10-Q on SEC EDGAR.