ACNT

MKT CAP:$137M

Ascent Industries Co.

Market Cap

$137M

Basic Materials·Steel·🇺🇸 United States·NASDAQ

Materials·Steel·🇺🇸·NASDAQ

Stock Price

$14.52-$1.54 (-9.59%)

Apr 24, 2026

Company Details

Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. It manufactures welded pipes and tubes, primarily from...

CEO

J. Bryan Kitchen

IPO Date

Mar 17, 1980

Website

www.ascentco.com

Key Metrics TTM

Revenue

$320M

+19.2% YoY

Net Income

$26M

EPS (Diluted)

$2.61

Free Cash Flow

$14M

Revenue / Share

$31.56

Gross Margin

19.8%

Operating Margin

10.2%

Net Margin

8.0%

FCF Margin

4.4%

P/S

0.4x

P/E

5.3x

Earnings Reports

Q3 2024

May 11, 2026

PENDING

FY 2025

Mar 3, 2026

$75MEPS -$0.58

Q2 2024

Aug 6, 2024

$21MEPS -$0.09

Q1 2022

May 10, 2022

$116M+66.6%EPS $0.99

FY 2021

Mar 29, 2022

$335M+30.7%EPS $2.14

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 18	$78M	$14M	$8M
Q4 18	$73M	$10M	$4M
Q1 19	$85M	$9M	-$556.0K
Q2 19	$79M	$8M	$572.2K
Q3 19	$74M	$7M	$78.6K
Q4 19	$68M	$7M	-$2M
Q1 20	$75M	$7M	-$927.0K
Q2 20	$66M	$4M	-$11M
Q3 20	$59M	$5M	-$13M
Q4 20	$56M	$6M	-$7M
Q1 21	$70M	$9M	$2M
Q2 21	$83M	$14M	$4M
Q3 21	$86M	$18M	$11M
Q4 21	$96M	$20M	$10M
Q1 22	$116M	$22M	$13M
Q2 24	$21M	$3M	-$2M

Valuation

Quarter	P/S	P/E
Q3 18	0.5x	10.1x
Q4 18	0.5x	10.5x
Q1 19	0.4x	16.4x
Q2 19	0.4x	31.2x
Q3 19	0.4x	—
Q4 19	0.4x	—
Q1 20	0.5x	—
Q2 20	0.5x	—
Q3 20	0.5x	—
Q4 20	0.5x	—
Q1 21	0.5x	—
Q2 21	0.5x	—
Q3 21	0.5x	38.2x
Q4 21	0.4x	6.8x
Q1 22	0.4x	4.7x
Q2 24	0.4x	5.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 18	-$2M	-$13M
Q4 18	-$7M	-$10M
Q1 19	$6M	$5M
Q2 19	$7M	$6M
Q3 19	$5M	$4M
Q4 19	$11M	$9M
Q1 20	-$642.0K	-$1M
Q2 20	$469.0K	-$913.0K
Q3 20	$6M	$5M
Q4 20	$12M	$11M
Q1 21	-$768.0K	-$1M
Q2 21	$6M	$5M
Q3 21	$11M	$11M
Q4 21	$3M	$2M
Q1 22	$394.0K	-$723.0K
Q2 24	$2M	$2M

Capital Expenditures

Quarter	CapEx
Q3 18	$11M
Q4 18	$3M
Q1 19	$964.2K
Q2 19	$920.3K
Q3 19	$956.4K
Q4 19	$2M
Q1 20	$587.0K
Q2 20	$1M
Q3 20	$855.0K
Q4 20	$924.0K
Q1 21	$245.0K
Q2 21	$318.0K
Q3 21	$198.0K
Q4 21	$736.0K
Q1 22	$1M
Q2 24	$465.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 18	+42.5%	+24.7%
Q4 18	+37.5%	+35.3%
Q1 19	+45.0%	+60.7%
Q2 19	+9.6%	+16.9%
Q3 19	-5.3%	+4.7%
Q4 19	-6.5%	+0.8%
Q1 20	-11.9%	-11.4%
Q2 20	-16.0%	-1.8%
Q3 20	-19.5%	-2.3%
Q4 20	-17.7%	-10.0%
Q1 21	-6.6%	-10.5%
Q2 21	+25.6%	+2.9%
Q3 21	+45.4%	+5.1%
Q4 21	+71.1%	+35.6%
Q1 22	+66.6%	+52.2%
Q2 24	-74.2%	-70.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 18	$205.5K	0.3%
Q4 18	$205.3K	0.3%
Q1 19	$615.0K	0.7%
Q2 19	$237.0K	0.3%
Q3 19	$908.0K	1.2%
Q4 19	$0	0.0%
Q1 20	$336.0K	0.4%
Q2 20	$430.0K	0.7%
Q3 20	$270.0K	0.5%
Q4 20	$755.0K	1.4%
Q1 21	$187.0K	0.3%
Q2 21	$269.0K	0.3%
Q3 21	$239.0K	0.3%
Q4 21	$0	0.0%
Q1 22	$132.0K	0.1%
Q2 24	$44.0K	0.2%

OpEx Breakdown

Quarter	R&D	S&M	SG&A
Q3 18	—	$7M	—
Q4 18	$500.0K	$8M	—
Q1 19	—	$9M	—
Q2 19	—	—	$8M
Q3 19	—	—	$8M
Q4 19	$600.0K	—	$8M
Q1 20	—	—	$8M
Q2 20	—	—	$7M
Q3 20	—	—	$6M
Q4 20	—	—	$8M
Q1 21	—	—	$7M
Q2 21	—	—	$8M
Q3 21	—	—	$7M
Q4 21	—	—	$8M
Q1 22	—	—	$9M
Q2 24	—	—	$5M

Revenue Segments

Quarter	Fiberglass And Steel Liquid Storage Tanks And Separation Equipment	Galvanized Pipe	Seamless Carbon Steel Pipe And Tube	Specialty Chemicals	Stainless Steel Pipe
Q1 21	$141.0K	$7M	$8M	$15M	$40M
Q2 21	$550.0K	$10M	$11M	$15M	$46M
Q3 21	$189.0K	$11M	$10M	$16M	$48M
Q4 21	—	$10M	$11M	$22M	$52M
Q1 22	$114.0K	$14M	$12M	$28M	$62M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1M	$0	$1M
Q2 22	$245.0K	$0	$245.0K
Q3 22	$532.0K	$0	$532.0K
Q4 22	$1M	$0	$1M
Q1 23	$421.0K	$0	$421.0K
Q2 23	$717.0K	$0	$717.0K
Q3 23	$730.0K	$0	$730.0K
Q4 23	$2M	$0	$2M
Q1 24	$1M	$0	$1M
Q2 24	$4M	$0	$4M
Q3 24	$9M	$0	$9M
Q4 24	$16M	$0	$16M
Q1 25	$14M	$0	$14M
Q2 25	$60M	$0	$60M
Q3 25	$58M	$0	$58M
Q4 25	$58M	$0	$58M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 18	9M	+0.8%	+2.5%
Q4 18	9M	+0.1%	+1.5%
Q1 19	9M	-0.2%	+1.4%
Q2 19	9M	+0.5%	+1.2%
Q3 19	9M	+0.2%	+0.7%
Q4 19	9M	+0.3%	+1.0%
Q1 20	9M	+0.5%	+1.6%
Q2 20	9M	-0.2%	+0.9%
Q3 20	9M	+0.5%	+1.2%
Q4 20	9M	+0.6%	+1.4%
Q1 21	9M	+1.4%	+2.4%
Q2 21	9M	+0.5%	+3.0%
Q3 21	9M	+0.8%	+3.3%
Q4 21	10M	+2.3%	+5.0%
Q1 22	10M	+7.3%	+11.1%
Q2 24	10M	-1.9%	+8.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 18	—	—
Q4 18	—	—
Q1 19	—	—
Q2 19	—	—
Q3 19	—	—
Q4 19	—	—
Q1 20	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	$135.3K	707
Q1 22	$164.4K	707
Q2 24	$41.5K	517

Revenue / Employee