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Trinseo (TSEOQ) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Trinseo (TSEOQ) Q2 2026 earnings results →
Q2 2026 Revenue up 8% year over year to $845M · 14¢ of every $1 of revenue lost · operating margin 0.0%
Trinseo made $845M in Q2 2026 (+8% Y/Y): Polymer Solutions $306M, Engineered Materials $292M, Latex Binders $248M. Operating margin 0.0%, net loss $120M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
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What changed this quarter
Revenue was $845.4M in Q2 2026, up 8% year over year and up 17% from the previous quarter. Polymer Solutions was the largest line at 36% of revenue. Latex Binders added $43.7M year over year (up 21%), 72% of the total change. Engineered Materials declined 1%.
Gross margin was 11.8%, up 7.1 points from Q2 2025. Operating profit was $100K, a 0.0% margin (up 4.3 points year over year). Operating expenses grew 42% against revenue growth of 8%. The quarter ended with a net loss of $119.6M, wider than the previous quarter's $115.9M loss. Net interest and other expense of $119.2M was the main reason.
Operating cash flow was −$115.3M. Non-cash charges added back $38.8M of depreciation and amortization and $800K of share-based compensation. Working capital and other items used $35.3M. Capital expenditures of $10.0M exceeded it, leaving free cash flow of −$125.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 6, 2026 | $845M | +8% | 0.0% | −$120M | −$115M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $725M | -8% | -3.3% | −$116M | −$233M |
| Q4 2025 | 10-K | Mar 13, 2026 | $663M | -19% | -24.7% | −$251M | $22.6M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $743M | -14% | -3.8% | −$110M | −$21.6M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $784M | -15% | -4.2% | −$106M | $6.8M |
| Q1 2025 | 10-Q | May 8, 2025 | $785M | -13% | -3.7% | −$79.0M | −$110M |
| Q4 2024 | 10-K | Feb 27, 2025 | $822M | -2% | -5.4% | −$118M | $85.1M |
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About Trinseo
Trinseo PLC is a public limited company existing under the laws of Ireland. Trinseo PLC was merged with our former publicly traded parent entity, Trinseo S.A., with Trinseo PLC as the surviving entity. Prior to the formation of Trinseo S.A., our business was wholly owned by The Dow Chemical Company (together with its affiliates, we refer to as “Dow”). Our predecessor business was sold by Dow in 2010 to investment funds advised or managed by affiliates of Bain Capital Partners, LP (the “Dow Separation”), which fully divested its ownership in the Company in 2016.
In its own words, from its 10-K, filed Mar 13, 2026.
Trinseo against its Plastic Materials, Synth Resins & Nonvulcan Elastomers peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +10%. Operating margin: 0.0% against the peers' median 9.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TSEOQ Trinseo | Q2 2026 | $845M | +8% | 0.0% |
| DOW Chemical | Q2 2026 | $12.1B | +20% | 7.2% |
| DOW DOW | Q3 2026 | $11.3B | +13% | 5.7% |
| EMN Eastman Chemical | Q3 2026 | $2.4B | +8% | 10.4% |
| DD DuPont de Nemours | Q3 2026 | $1.9B | +4% | 12.5% |
| ALB Albemarle | Q3 2026 | $1.6B | +19% | 9.5% |
| AVNT Avient | Q3 2026 | $891M | +10% | 9.3% |
| HXL Hexcel | Q3 2026 | $496M | +9% | 11.0% |
| ASIX AdvanSix | Q3 2026 | $431M | +15% | -2.6% |
Source: Trinseo 10-Q on SEC EDGAR · CIK 1519061 · Plastic Materials, Synth Resins & Nonvulcan Elastomers
More on TSEOQ
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results