Filing Flows › Stepan (SCL) › Q1 2025
Stepan (SCL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Stepan (SCL) reported revenue of $593M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +13% from the quarter before. Operating margin was 4.8%, net earnings $19.7M (3.3% of revenue).
Stepan, Q1 2025: revenue $593M (+8% year over year), operating margin 4.8%, net earnings $19.7M, operating cash flow $6.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $593M | +13% | +8% |
| Gross profit | $75.5M | +33% | +7% |
| Operating profit | $28.3M | +268% | +40% |
| Net earnings | $19.7M | +488% | +42% |
| Operating cash flow | $6.9M | -90% | -83% |
What changed
Revenue was $593.3M in Q1 2025, up 8% year over year and up 13% from the previous quarter. Surfactants was the largest line at 73% of revenue. Surfactants added $39.5M year over year (up 10%), 94% of the total change.
Gross margin was 12.7%, unchanged from a year earlier. Operating profit was $28.3M, a 4.8% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 4% margin then. Operating expenses fell 6% while revenue rose 8%. Net earnings were $19.7M, up 42% year over year. The effective tax rate was 20.1%.
Operating cash flow was $6.9M (down 83% year over year), 35% of net earnings. Non-cash charges added back $29.3M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $43.4M. Capital expenditures of $32.7M exceeded it, leaving free cash flow of −$25.8M.
Questions
What was Stepan's revenue in the first quarter 2025?
Stepan (SCL) reported revenue of $593M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +13% from the quarter before.
Was Stepan profitable in the first quarter 2025?
Operating profit was $28.3M (4.8% of revenue) and net earnings $19.7M.
Source: Stepan 10-Q on SEC EDGAR.