Filing Flows › Element Solutions (ESI) › Q3 2026 › vs Q3 2025
Element Solutions (ESI) Q3 2026 vs Q3 2025 (year over year)
Element Solutions's revenue rose $339M (+52%) from $656M in Q3 2025 to $995M in Q3 2026. The biggest changes: Electronics +$314M (+68%); Specialties +$24.8M (+13%). Gross margin 34.4% against 42.2% (-7.8 pts).
Element Solutions, Q3 2026: revenue $995M (+52% year over year), operating margin 11.4%, net earnings $65.7M, operating cash flow $159M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 34.4% | 42.2% | -7.8 pts |
| Operating margin | 11.4% | 15.4% | -3.9 pts |
| Net margin | 6.6% | 6.0% | +0.6 pts |
| Free cash flow margin | 13.5% | 12.8% | +0.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Electronics | $780M | $465M | $314M | +68% |
| Specialties | $216M | $191M | $24.8M | +13% |
| Revenue | $995M | $656M | $339M | +52% |
| Gross profit | $342M | $277M | $65.4M | +24% |
| Cost of revenue | $653M | $379M | $274M | +72% |
| Operating profit | $114M | $101M | $13.1M | +13% |
| Operating expenses | $228M | $176M | $52.3M | +30% |
| Pre-tax earnings | $93.3M | $55.5M | $37.8M | +68% |
| Other expense, net | $20.6M | $45.3M | −$24.7M | -55% |
| Research & development | $22.9M | $18.1M | $4.8M | +27% |
| SG&A | $206M | $158M | $47.5M | +30% |
| Net earnings | $65.7M | $39.3M | $26.4M | +67% |
| Income tax | $27.6M | $16.2M | $11.4M | +70% |
| Depreciation & amortization | $45.1M | $38.6M | $6.5M | +17% |
| Share-based compensation | $18.2M | $4.5M | $13.7M | +304% |
| Working capital & other | $30.2M | $17.7M | $12.5M | +71% |
| Operating cash flow | $159M | $100M | $59.1M | +59% |
| Free cash flow (company-reported) | $134M | $84.1M | $50.4M | +60% |
| Capital expenditures, net | $24.7M | $16.0M | $8.7M | +54% |
Questions
How much did Element Solutions's revenue grow year over year in Q3 2026?
Element Solutions's revenue rose $339M (+52%) from $656M in Q3 2025 to $995M in Q3 2026.
What drove Element Solutions's revenue change in Q3 2026?
Electronics +$314M (+68%); Specialties +$24.8M (+13%).