ALBAlbemarle Corporation

Materials · Plastics & Resins · NYSE

Albemarle Corporation was incorporated in Virginia in 1993. 10-K, Item 1

Employees: 7,800
Headquarters: Charlotte, NC
CEO: J. Kent Masters
Next results: around Feb 10, 2027

All key numbers (37, from the latest 10-K and 10-Q) From EDGAR

EPS (ttm)	4.15	Sales (ttm)	6.2B	Net income (ttm)	681.6M	Sales growth	-4.4%	EPS growth	-	Sales Q/Q	+18.8%
Free cash flow	1.4B	Gross margin	25.8%	Oper. margin	10.0%	Net margin	11.1%	FCF margin	23.5%	ROE	6.5%
ROA	4.2%	R&D / sales	1.0%	Dividend	1.62	Debt/Eq	0.18	Curr. ratio	2.34	Cash	1.8B
Op. cash flow (ttm)	1.9B	EBITDA	291.6M	EBITDA margin	5.7%	Net debt	35.4M	Quick ratio	1.69	Interest cover	-2.03
Stock pay / sales	0.8%	Shares out.	118.0M	Shares Y/Y	+0.1%	Book / share	89.33	Cash / share	15.64	Sales / share	52.14
Asset turnover	0.38	Inventory turns	3.79	Days sales out.	42	Sales 3Y CAGR	-11.1%	Sales 5Y CAGR	+10.5%	Employees	7,800
Sales / employee	789K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024

Free cash flow turned positive−$992.7M → $692.5M · Cash from operations − capital expenditure · 10-K ↗
Revenue growth sped up to -4.4%-44.1% → -4.4% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
Operating margin widened to -7.1%-33.0% → -7.1% · Operating income / revenue · 10-K ↗

What management wrote about it → · Every company →

ALB against Materials peers

Ten years, side by side → · All 24 →

ALBPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 24 companies, the better end on the right. Hover a dot for the company.

Sales growth

-4.4%21st of 24 · median +4.4%

Net margin

11.1%8th of 24 · median 8.4%

Return on equity

6.5%18th of 24 · median 13.1%

Free cash flow margin

23.5%3rd of 24 · median 6.8%

Debt / equity (less is better)

0.182nd of 24 · median 0.76

ALB and the 5 peers closest in revenue
Company	Revenue (ttm)	Sales growth	Gross margin	Net margin	ROE	FCF margin	Debt / equity
ALB Albemarle Corporation	$6.2B	-4.4%	25.8%	11.1%	6.5%	23.5%	0.18
PKG Packaging Corporation of America	$9.8B	+7.2%	20.5%	7.4%	15.1%	7.0%	0.83
AVY Avery Dennison	$9.4B	+1.1%	28.8%	7.6%	29.7%	11.1%	1.51
VMC Vulcan Materials Company	$8.0B	+7.1%	27.5%	13.8%	13.1%	9.8%	0.71
CF CF Industries	$7.9B	+19.3%	42.5%	27.5%	38.1%	26.2%	0.56
MLM Martin Marietta Materials	$7.2B	+8.6%	26.7%	31.9%	13.0%	12.1%	0.73

FY2021FY2021

From $3.3B of sales to $123.7M of profit

FY2021, from the 10-K income statement

Swipe sideways for the whole flow →

From $7.3B of sales to $2.7B of profit

FY2021, from the 10-K income statement and revenue by segment

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2021

$70$20

FY2021

$58$37

Cost of revenue
R&D
Costs, tax, other
Tax & other
Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

1 of 4

✓
Net margin above the peer median11.1% vs 8.4%
!
Gross margin down over 5 years31.8% → 13.0%
!
Return on equity below 15%6.5%
!
A profit in 8 of 10 years

Net margin, FY2016 to FY2025: 24.0% → -9.9%

Balance sheet

3 of 4

!
Interest covered less than 5 timesOperating income is -2.0× interest expense
✓
Debt smaller than equityDebt / equity 0.18 on the latest balance sheet (peer median 0.76)
✓
Current assets cover current liabilitiesCurrent ratio 2.34
✓
Net debt under 3 years of free cash flow$35.4M net debt, 0.0 years

Debt / equity at each year end, FY2016 to FY2025: 0.62 → 0.33

What the debt is made of ↓

Cash and shareholders

1 of 3

!
Free cash flow positive in 3 of 10 years$692.5M last year
!
Share count up over 5 years+10.2%
✓
Dividend per share up over 5 years$1.54 → $1.62

Free cash flow, FY2016 to FY2025: 538.9M → 692.5M

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Sep 30, 2026 · schedule of Dec 31, 2025

The debt note's own lines, 2025-12-31

Fixed rate $0Floating $17.9M Not stated $3.2B

Line, as the company names it	Kind	Rate	Fixed or floating	Amount
4.65% Senior notes due 2027 (Senior Notes)	Notes and bonds	–	not stated	$650.0M
5.05% Senior notes due 2032 (Senior Notes)	Notes and bonds	–	not stated	$600.0M
1.625% notes due 2028 (Unsecured Debt)	Secured	–	not stated	$588.6M
5.65% Senior notes due 2052 (Senior Notes)	Notes and bonds	–	not stated	$450.0M
5.45% Senior notes due 2044 (Senior Notes)	Notes and bonds	–	not stated	$350.0M
Interest-free loan	–	–	not stated	$300.0M
3.45% Senior notes due 2029 (Senior Notes)	Notes and bonds	–	not stated	$171.6M
Finance lease obligations	–	–	not stated	$106.8M
Other Debt Obligations	–	–	not stated	$20.5M
Variable-rate foreign bank loans	–	–	floating	$17.9M

From the debt note in the 10-K's XBRL (0000915913-26-000018), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2016 to FY2025

Revenue 5.1B Net income -510.6M

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

ALB's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly

Revenue5.1B

Net income-510.6M

Free cash flow692.5M

EPS (diluted)-5.76

Dividend per share1.62

Diluted shares117.7M

Revenue by business segment

year to Dec 31, 2025

	Revenue	Share	vs year before
Energy Storage	2.7B	52.7%	-10.1%
Specialties	1.4B	26.6%	+3.1%
Ketjen	1.1B	20.7%	+2.9%

10-K 0000915913-26-000018, segment and revenue notes (XBRL).

Revenue by region

year to Dec 31, 2025

	Revenue	Share	vs year before
China	2.0B	39.4%	+3.3%
Other	1.1B	20.9%	+6.3%
U.S. Plans	890.5M	17.3%	-1.3%
South Korea	789.5M	15.4%	-13.5%
Japan	359.6M	7.0%	-39.0%

10-K 0000915913-26-000018, segment and revenue notes (XBRL).

Income statement

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2021	FY2023	FY2024	FY2025
Revenue	2.7B	3.1B	3.4B	3.6B	3.1B	3.3B	7.3B	9.6B	5.4B	5.1B
Cost of revenue	1.7B	2.0B	2.2B	2.3B	2.1B	2.3B	4.2B	8.4B	5.3B	4.5B
Gross profit	970.3M	1.1B	1.2B	1.3B	994.9M	998.0M	3.1B	1.2B	62.5M	668.7M
R&D	80.5M	84.3M	70.1M	58.3M	59.2M	54.0M	72.0M	85.7M	86.7M	51.4M
SG&A	353.8M	450.3M	446.1M	533.4M	429.8M	441.5M	524.1M	910.0M	618.0M	550.0M
Operating income	601.0M	571.7M	911.5M	666.1M	505.8M	798.4M	2.5B	251.9M	-1.8B	-367.1M
Interest expense	96.9M	61.2M	49.8M	45.5M	66.4M	27.7M	92.1M	102.0M	150.7M	180.7M
Pretax income	515.3M	446.8M	794.7M	563.0M	373.5M	133.6M	2.4B	246.7M	-1.8B	-552.1M
Income tax	96.3M	431.8M	144.8M	88.2M	54.4M	29.4M	390.6M	430.3M	87.1M	156.9M
Net income	643.7M	54.9M	693.6M	533.2M	375.8M	123.7M	2.7B	1.6B	-1.2B	-510.6M
EPS (diluted)	5.68	0.49	6.34	5.02	3.52	1.06	22.84	13.36	-11.20	-5.76
Diluted shares	113.2M	112.4M	109.5M	106.3M	106.8M	116.5M	117.8M	117.8M	117.5M	117.7M
Depreciation & amortization	226.2M	196.9M	200.7M	213.5M	232.0M	254.0M	300.8M	429.9M	588.6M	658.7M
EBITDA	827.1M	768.6M	1.1B	879.6M	737.8M	1.1B	2.8B	681.8M	-1.2B	291.6M
Gross margin	36.2%	36.0%	36.1%	35.0%	31.8%	30.0%	42.0%	12.3%	1.2%	13.0%
Operating margin	22.4%	18.6%	27.0%	18.6%	16.2%	24.0%	33.7%	2.6%	-33.0%	-7.1%
Net margin	24.0%	1.8%	20.6%	14.9%	12.0%	3.7%	36.7%	16.4%	-21.9%	-9.9%
Revenue growth	-	+14.7%	+9.9%	+6.4%	-12.8%	+6.4%	+120%	+31.4%	-44.1%	-4.4%
EPS growth	-	-91.4%	+1194%	-20.8%	-29.9%	-69.9%	+2055%	-41.5%	-184%	-

Balance sheet

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2021	FY2023	FY2024	FY2025
Cash	2.3B	1.1B	555.3M	613.1M	746.7M	439.3M	1.5B	889.9M	1.2B	1.6B
Receivables	486.0M	534.3M	605.7M	612.7M	530.8M	556.9M	1.2B	1.2B	742.2M	593.5M
Inventory	450.3M	592.8M	700.5M	769.0M	750.2M	798.6M	2.1B	2.2B	1.5B	1.2B
Current assets	3.3B	2.5B	2.0B	2.2B	2.2B	2.0B	5.2B	5.2B	3.8B	4.0B
Property & equipment	2.4B	2.5B	3.0B	4.9B	5.4B	5.9B	7.0B	9.5B	9.3B	8.6B
Goodwill	1.5B	1.6B	1.6B	1.6B	1.7B	1.6B	1.6B	1.6B	1.6B	1.5B
Total assets	8.2B	7.8B	7.6B	9.9B	10.5B	11.0B	15.5B	18.3B	16.6B	16.4B
Accounts payable	281.9M	418.5M	522.5M	574.1M	483.2M	600.5M	1.5B	-	-	-
Current liabilities	1.1B	1.2B	1.2B	1.4B	1.8B	1.9B	2.7B	3.6B	2.0B	1.8B
Total debt	2.4B	1.8B	1.7B	3.1B	3.6B	2.4B	3.2B	4.2B	3.5B	3.2B
Shareholders' equity	3.8B	3.7B	3.6B	3.9B	4.3B	5.6B	8.0B	9.4B	10.0B	9.5B
Retained earnings	2.1B	2.0B	2.6B	2.9B	3.2B	3.1B	5.6B	7.0B	5.5B	4.6B

Cash flow

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2021	FY2023	FY2024	FY2025
Operating cash flow	735.5M	304.0M	546.2M	719.4M	798.9M	344.3M	1.9B	1.3B	687.9M	1.3B
Capital spending	196.7M	317.7M	700.0M	851.8M	850.5M	953.7M	1.3B	2.2B	1.7B	589.8M
Free cash flow	538.9M	-13.7M	-153.8M	-132.4M	-51.6M	-609.4M	646.2M	-828.0M	-992.7M	692.5M
Stock-based pay (added back)	17.0M	19.4M	15.2M	19.7M	22.8M	20.1M	30.5M	36.5M	32.1M	40.3M
Dividends paid	135.4M	140.6M	144.6M	152.2M	161.8M	177.9M	184.4M	187.2M	188.5M	190.5M
Buybacks	0	250.0M	500.0M	0	0	-	-	-	-	-
Acquisitions	0	0	-	-	-	-	-	-	-	-
Debt raised	0	27.0M	0	1.6B	452.2M	0	2.0B	356.0M	112.4M	56.7M
Debt repaid	1.3B	778.2M	0	175.2M	250.0M	1.2B	705.0M	28.9M	112.4M	505.7M
Investing cash flow	2.9B	-357.8M	-303.7M	-1.7B	-863.6M	-666.6M	-1.4B	-2.6B	-1.6B	-146.0M
Financing cash flow	-1.6B	-1.1B	-786.5M	1.0B	177.3M	50.2M	611.9M	623.9M	1.2B	-834.2M
Dividend per share	1.22	1.28	1.34	1.47	1.54	1.56	1.58	1.60	1.61	1.62

Stock-based pay and leases

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2021	FY2023	FY2024	FY2025
Stock-based pay (expense)	17.0M	19.4M	15.2M	19.7M	22.8M	20.1M	30.5M	36.5M	32.1M	40.3M
Stock-based pay / revenue	0.6%	0.6%	0.5%	0.5%	0.7%	0.6%	0.4%	0.4%	0.6%	0.8%
Operating lease cost	-	-	-	35.3M	33.9M	42.3M	43.8M	48.2M	37.3M	36.5M
Operating lease cash paid	-	-	-	29.9M	36.2M	33.0M	36.6M	49.3M	35.6M	35.6M
Finance lease principal paid	-	-	-	678K	663K	687K	1.4M	2.2M	5.0M	5.0M
Right-of-use assets	-	-	0	133.9M	136.3M	154.7M	128.2M	137.4M	118.8M	116.4M
Operating lease liabilities	-	-	0	137.8M	139.1M	158.6M	134.8M	144.3M	132.1M	127.7M
Finance lease liabilities	-	-	-	59.5M	60.3M	77.8M	79.4M	114.2M	118.8M	106.8M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on ALB in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/ALB/export.csv") into a cell.