ESI

MKT CAP:$10B

Element Solutions Inc

Market Cap

$10B

Basic Materials·Chemicals - Specialty·🇺🇸 United States·NYSE

Materials·Chemicals·🇺🇸·NYSE

Stock Price

$40.34+$14.40 (+55.51%)

Apr 24, 2026

Company Details

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates,...

CEO

Benjamin Gliklich

IPO Date

Oct 22, 2013

Website

elementsolutionsinc.com

Key Metrics TTM

Revenue

$2.6B

+3.8% YoY

Net Income

$191M

EPS (Diluted)

$0.79

Free Cash Flow

$228M

Revenue / Share

$10.52

Gross Margin

42.0%

Operating Margin

13.4%

Net Margin

7.5%

FCF Margin

8.9%

P/S

3.9x

P/E

51.7x

Earnings Reports

FY 2025

Feb 18, 2026

$2.6B+3.8%EPS $0.79

Q4 2025

Feb 18, 2026

$676M+8.3%EPS $0.03

Q3 2025

Oct 29, 2025

$656M+1.7%EPS $0.16

Q2 2025

Jul 31, 2025

$625M+2.0%EPS $0.20

Q1 2025

Apr 24, 2025

$594M+3.3%EPS $0.40

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$680M	$263M	$96M
Q2 22	$677M	$250M	$91M
Q3 22	$619M	$222M	$79M
Q4 22	$574M	$218M	$60M
Q1 23	$574M	$228M	$66M
Q2 23	$586M	$229M	$53M
Q3 23	$599M	$242M	-$900.0K
Q4 23	$573M	$220M	$56M
Q1 24	$575M	$245M	$78M
Q2 24	$613M	$267M	$96M
Q3 24	$645M	$268M	$95M
Q4 24	$624M	$256M	$75M
Q1 25	$594M	$251M	$77M
Q2 25	$625M	$266M	$94M
Q3 25	$656M	$277M	$101M
Q4 25	$676M	$277M	$70M

Valuation

Quarter	P/S	P/E
Q1 22	2.2x	30.9x
Q2 22	1.8x	28.6x
Q3 22	1.6x	22.9x
Q4 22	1.8x	24.7x
Q1 23	1.9x	26.1x
Q2 23	2.0x	33.6x
Q3 23	2.0x	87.0x
Q4 23	2.3x	46.2x
Q1 24	2.6x	46.1x
Q2 24	2.7x	33.4x
Q3 24	2.7x	24.7x
Q4 24	2.5x	25.3x
Q1 25	2.2x	19.1x
Q2 25	2.2x	22.8x
Q3 25	2.4x	25.3x
Q4 25	2.4x	32.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$6M	-$15M
Q2 22	$76M	$64M
Q3 22	$127M	$116M
Q4 22	$101M	$86M
Q1 23	$54M	$44M
Q2 23	$84M	$70M
Q3 23	$87M	$74M
Q4 23	$111M	$95M
Q1 24	$58M	$39M
Q2 24	$68M	$54M
Q3 24	$99M	$86M
Q4 24	$139M	$116M
Q1 25	$26M	$15M
Q2 25	$73M	$55M
Q3 25	$100M	$84M
Q4 25	$91M	$74M

Capital Expenditures

Quarter	CapEx
Q1 22	$10M
Q2 22	$12M
Q3 22	$11M
Q4 22	$15M
Q1 23	$9M
Q2 23	$14M
Q3 23	$13M
Q4 23	$16M
Q1 24	$19M
Q2 24	$15M
Q3 24	$13M
Q4 24	$22M
Q1 25	$11M
Q2 25	$18M
Q3 25	$17M
Q4 25	$17M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+23.7%	+29.9%
Q2 22	+15.4%	+13.7%
Q3 22	+0.4%	-1.5%
Q4 22	-11.3%	-12.4%
Q1 23	-15.6%	-13.1%
Q2 23	-13.4%	-9.0%
Q3 23	-3.1%	+11.3%
Q4 23	-0.1%	+0.8%
Q1 24	+0.1%	-2.1%
Q2 24	+4.5%	-3.2%
Q3 24	+7.6%	-8.4%
Q4 24	+8.9%	+6.1%
Q1 25	+3.3%	+3.8%
Q2 25	+2.0%	+2.8%
Q3 25	+1.7%	+1.0%
Q4 25	+8.3%	+10.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$5M	0.8%
Q2 22	$4M	0.5%
Q3 22	$4M	0.6%
Q4 22	$5M	0.9%
Q1 23	$4M	0.8%
Q2 23	$3M	0.6%
Q3 23	$3M	0.5%
Q4 23	-$1M	-0.2%
Q1 24	$4M	0.7%
Q2 24	$4M	0.6%
Q3 24	$0	0.0%
Q4 24	$3M	0.5%
Q1 25	$5M	0.8%
Q2 25	$6M	1.0%
Q3 25	$5M	0.7%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 22	$14M	$153M
Q2 22	$13M	$147M
Q3 22	$11M	$131M
Q4 22	$11M	$147M
Q1 23	$13M	$149M
Q2 23	$29M	$147M
Q3 23	$13M	$150M
Q4 23	$14M	$151M
Q1 24	$18M	$149M
Q2 24	$16M	$155M
Q3 24	$15M	$158M
Q4 24	$14M	$167M
Q1 25	$16M	$157M
Q2 25	$16M	$156M
Q3 25	$18M	$158M
Q4 25	$17M	$190M

Revenue Segments

Quarter	Electronics Segment	Industrial And Specialty Segment
Q1 22	$427M	$253M
Q2 22	$439M	$238M
Q3 22	$388M	$231M
Q4 22	$338M	$236M
Q1 23	$340M	$235M
Q2 23	$356M	$230M
Q3 23	$367M	$232M
Q4 23	$352M	$221M
Q1 24	$349M	$226M
Q2 24	$392M	$221M
Q3 24	$419M	$226M
Q4 24	$401M	$223M
Q1 25	$394M	$199M
Q2 25	$439M	$186M
Q3 25	$465M	$191M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$219M	$0	$219M
Q2 22	$216M	$0	$216M
Q3 22	$234M	$0	$234M
Q4 22	$266M	$0	$266M
Q1 23	$279M	$0	$279M
Q2 23	$282M	$0	$282M
Q3 23	$330M	$0	$330M
Q4 23	$289M	$0	$289M
Q1 24	$286M	$0	$286M
Q2 24	$309M	$0	$309M
Q3 24	$376M	$0	$376M
Q4 24	$359M	$0	$359M
Q1 25	$499M	$0	$499M
Q2 25	$530M	$0	$530M
Q3 25	$594M	$0	$594M
Q4 25	$627M	$0	$627M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	249M	+0.6%	+0.2%
Q2 22	248M	-0.7%	-0.2%
Q3 22	245M	-1.0%	-1.2%
Q4 22	242M	-1.4%	-2.5%
Q1 23	242M	+0.1%	-3.0%
Q2 23	242M	-0.0%	-2.3%
Q3 23	242M	-0.1%	-1.4%
Q4 23	242M	+0.2%	+0.1%
Q1 24	243M	+0.2%	+0.3%
Q2 24	243M	0.0%	+0.3%
Q3 24	243M	+0.0%	+0.5%
Q4 24	243M	0.0%	+0.3%
Q1 25	243M	+0.2%	+0.2%
Q2 25	243M	-0.2%	+0.0%
Q3 25	242M	-0.2%	-0.2%
Q4 25	242M	+0.2%	-0.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$128.3K	5K
Q2 22	$127.7K	5K
Q3 22	$116.7K	5K
Q4 22	$108.3K	5K
Q1 23	$108.4K	5K
Q2 23	$110.6K	5K
Q3 23	$113.1K	5K
Q4 23	$108.2K	5K
Q1 24	$108.5K	5K
Q2 24	$115.6K	5K
Q3 24	$121.7K	5K
Q4 24	$117.8K	5K
Q1 25	$112.0K	5K
Q2 25	$118.0K	5K
Q3 25	$123.8K	5K
Q4 25	$130.0K	5K

Revenue / Employee