Filing Flows › Stepan (SCL) › Q3 2026
Stepan (SCL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Stepan (SCL) reported revenue of $692M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +1% from the quarter before. Operating margin was 3.8%, net earnings $17.8M (2.6% of revenue).
Stepan, Q3 2026: revenue $692M (+17% year over year), operating margin 3.8%, net earnings $17.8M, operating cash flow $29.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $692M | +1% | +17% |
| Gross profit | $87.6M | -12% | +23% |
| Operating profit | $26.0M | -30% | +19% |
| Net earnings | $17.8M | -22% | +64% |
| Operating cash flow | $29.3M | +251% | -58% |
| Free cash flow | $8.2M | — | -80% |
What changed
Revenue was $692.2M in Q3 2026, up 17% year over year and up 1% from the previous quarter. Surfactants was the largest line at 70% of revenue. Surfactants added $64.3M year over year (up 15%), 63% of the total change.
Gross margin was 12.7%, up 0.6 points from Q3 2025. Operating profit was $26.0M, a 3.8% margin (up 0.1 points year over year). Of the extra revenue versus Q3 2025, 4% reached operating profit, above the 4% margin then. Operating expenses grew 25% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+41%). Net earnings were $17.8M, up 64% year over year. The effective tax rate was 10.2%.
Operating cash flow was $29.3M (down 58% year over year), 165% of net earnings. Non-cash charges added back $31.3M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $21.9M. Capital expenditures of $21.2M left free cash flow of $8.2M.
Questions
What was Stepan's revenue in the third quarter 2026?
Stepan (SCL) reported revenue of $692M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +1% from the quarter before.
Was Stepan profitable in the third quarter 2026?
Operating profit was $26.0M (3.8% of revenue) and net earnings $17.8M.
Source: Stepan 10-Q on SEC EDGAR.