Filing Flows › Stepan (SCL) › Q4 2025
Stepan (SCL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Stepan (SCL) reported revenue of $554M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -6% from the quarter before. Operating margin was 1.9%, net earnings $5.0M (0.9% of revenue).
Stepan, Q4 2025: revenue $554M (+5% year over year), operating margin 1.9%, net earnings $5.0M, operating cash flow $60.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $554M | -6% | +5% |
| Gross profit | $51.5M | -27% | -9% |
| Operating profit | $10.5M | -52% | +36% |
| Net earnings | $5.0M | -54% | +49% |
| Operating cash flow | $60.0M | -14% | -12% |
| Free cash flow | $25.4M | -37% | -21% |
What changed
Revenue was $553.9M in Q4 2025, up 5% year over year and down 6% from the previous quarter. Surfactants was the largest line at 73% of revenue.
Gross margin was 9.3%, down 1.5 points from a year earlier. Operating profit was $10.5M, a 1.9% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 1% margin then. Operating expenses fell 16% while revenue rose 5%. Net earnings were $5.0M, up 49% year over year. The effective tax rate was -1.3%.
Operating cash flow was $60.0M (down 12% year over year), 1199% of net earnings. Non-cash charges added back $32.7M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $20.7M. Capital expenditures of $34.6M left free cash flow of $25.4M.
Questions
What was Stepan's revenue in the fourth quarter 2025?
Stepan (SCL) reported revenue of $554M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -6% from the quarter before.
Was Stepan profitable in the fourth quarter 2025?
Operating profit was $10.5M (1.9% of revenue) and net earnings $5.0M.
Source: Stepan 10-K on SEC EDGAR.