Filing Flows › Stepan (SCL) › Q3 2025
Stepan (SCL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Stepan (SCL) reported revenue of $590M for the third quarter 2025 (Q3 2025), +8% from a year earlier and -0.7% from the quarter before. Operating margin was 3.7%, net earnings $10.8M (1.8% of revenue).
Stepan, Q3 2025: revenue $590M (+8% year over year), operating margin 3.7%, net earnings $10.8M, operating cash flow $69.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $590M | -0.7% | +8% |
| Gross profit | $71.0M | -1% | -6% |
| Operating profit | $21.8M | +21% | -9% |
| Net earnings | $10.8M | -4% | -54% |
| Operating cash flow | $69.8M | +523% | +207% |
| Free cash flow | $40.2M | — | — |
What changed
Revenue was $590.3M in Q3 2025, up 8% year over year and down 1% from the previous quarter. Surfactants was the largest line at 72% of revenue. Surfactants added $39.6M year over year (up 10%), 91% of the total change. Polymers declined 4%.
Gross margin was 12.0%, down 1.8 points from a year earlier. Operating profit was $21.8M, a 3.7% margin (down 0.7 points year over year). Operating profit fell $2.2M even though revenue rose $43.4M versus a year earlier, so costs grew faster than sales. Operating expenses fell 5% while revenue rose 8%. Net earnings were $10.8M, down 54% year over year. The effective tax rate was 34.4%.
Operating cash flow was $69.8M (up 207% year over year), 644% of net earnings. Non-cash charges added back $32.7M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $24.8M. Capital expenditures of $29.6M left free cash flow of $40.2M.
Questions
What was Stepan's revenue in the third quarter 2025?
Stepan (SCL) reported revenue of $590M for the third quarter 2025 (Q3 2025), +8% from a year earlier and -0.7% from the quarter before.
Was Stepan profitable in the third quarter 2025?
Operating profit was $21.8M (3.7% of revenue) and net earnings $10.8M.
Source: Stepan 10-Q on SEC EDGAR.