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Miscellaneous Chemical Products: capital spending and supply chain

SIC 2890 · 5 companies with filed cash-flow statements

Capital spending, 12 months$363M
Operating cash flow$602M
Capex / cash flow60%
Capex / revenue3.5%
Top 3 share97%

Analysis

5 companies in Miscellaneous Chemical Products (SIC 2890) spent $363M on capital projects over their latest twelve months, 60% of the $602M their operations generated; the three largest spenders — CBT, OEC, ASPI — account for 97%.

Capital spending is 3.5% of the industry's $10.3B of annual revenue.

By the industry's asset mix most of it goes to equipment (45%); about $68.1M is imported.

The largest supplier of that spending is manufacturing structures ($112M).

Its largest supplying industries, by the input-output tables: imports ($537M), other nondurable goods merchant wholesalers ($381M), other basic organic chemical manufacturing ($374M).

Charts

Miscellaneous Chemical Products: capital spending by company, latest twelve monthsMiscellaneous Chemical Products: capital spending by company, latest twelve monthsCBT$216MOEC$122MASPI$15.8MFSI$6.0MARQ$3.5M
Filed cash-flow statements (SEC XBRL).
Miscellaneous Chemical Products: what the capital spending buys (US part)Miscellaneous Chemical Products: what the capital spending buys (US part)Structures$115MEquipment$145MSoftware$42.0MOther$23.5M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
Miscellaneous Chemical Products: the industries that build and sell what it buysMiscellaneous Chemical Products: the industries that build and sell what it buysManufacturing structures$112MSoftware publishers$23.6MMaterial handling equipment manuf…$18.6MOther industrial machinery manufa…$18.4MAir conditioning, refrigeration, …$17.2MOther general purpose machinery m…$12.2MMeasuring, dispensing, and other …$10.8MAir and gas compressor manufactur…$10.1MPlate work and fabricated structu…$8.9MCustom computer programming servi…$8.6M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
Miscellaneous Chemical Products: its first-tier supplying industriesMiscellaneous Chemical Products: its first-tier supplying industriesImports$537MOther nondurable goods merchant w…$381MOther basic organic chemical manu…$374MPetrochemical manufacturing$366MPetroleum refineries$333MGrain farming$234MManagement of companies and enter…$201MPlastics material and resin manuf…$181MOther basic inorganic chemical ma…$144MTruck transportation$134M
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
Miscellaneous Chemical Products: where the industry's cash came from (+) and went (−)Miscellaneous Chemical Products: where the industry's cash came from (+) and went (−)Operating cash flow$1.1BCash added to the balance she…−$490MCapital spending−$433MSales of assets & businesses$323MShares issued$271MNet debt repaid−$248MDividends−$234MOther financing (in)$198MBuybacks−$195MOther investing (out)−$179MOperating cash outflow−$80.1MPaid to partners−$47.8MExchange-rate gains on cash$37.5MOther investing (in)$30.8M
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
CBT Cabot$216M$497M43%TTM to Q3 FY26
OEC Orion S.A.$122M$166M74%TTM to Q3 2026
ASPI ASP Isotopes$15.8M−$67.8M—TTM to Q2 2026
FSI Flexible Solutions International$6.0M$2.5M237%TTM to Q2 2026
ARQ Arq$3.5M$4.9M72%TTM to Q3 2026

Customers and suppliers named in annual reports

SupplierCustomerShare of supplier revenueEvidenceSource
ACDCFTK—Stated in 10-K (named, share not stated)filing

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.