Cabot Corporation (CBT) Income Statement
CBT FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsCBT revenue and net income
Where CBT's revenue goes
FY2025Each bar shows an amount and its share of revenue. CBT kept 8.9% of revenue as net income.
CBT profit margins
CBT growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −7.0% | −4.9% | +7.3% | +2.6% |
| Gross profit | −2.1% | +2.0% | +13.5% | +4.8% |
| Operating income | +1.1% | +16.9% | +96.9% | +32.2% |
| Net income | −12.9% | +16.6% | — | — |
| EPS (diluted) | +2.8% | +5.1% | +28.5% | +10.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CBT quarterly EPS vs estimates
Cabot beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 2, 2026 (estimate $1.55).
CBT income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.71B | $3.99B | $3.93B | $4.32B | $3.41B | $2.61B | $3.34B | $3.24B | $2.72B | $2.41B |
| Cost of revenue | $2.77B | $3.03B | $3.09B | $3.44B | $2.61B | $2.11B | $2.65B | $2.46B | $2.06B | $1.83B |
| Gross profit | $940.0M | $960.0M | $839.0M | $885.0M | $799.0M | $500.0M | $685.0M | $781.0M | $652.0M | $578.0M |
| Research & development | $59.0M | $63.0M | $57.0M | $55.0M | $56.0M | $57.0M | $60.0M | $66.0M | $56.0M | $53.0M |
| Sales, general & admin | $260.0M | $283.0M | $253.0M | $258.0M | $289.0M | $292.0M | $290.0M | $305.0M | $260.0M | $275.0M |
| Total operating expenses | $319.0M | $346.0M | $313.0M | $496.0M | $345.0M | $479.0M | $379.0M | $628.0M | $319.0M | $328.0M |
| Operating income | $621.0M | $614.0M | $526.0M | $389.0M | $454.0M | $21.0M | $306.0M | $156.0M | $336.0M | $250.0M |
| Interest income | $27.0M | $32.0M | $31.0M | $45.0M | $8.0M | $45.0M | $50.0M | $10.0M | $9.0M | $5.0M |
| Interest expense | $76.0M | $81.0M | $90.0M | $56.0M | $49.0M | $53.0M | $59.0M | $54.0M | $53.0M | $54.0M |
| Income before taxes | $572.0M | $535.0M | $456.0M | $345.0M | $409.0M | −$30.0M | $256.0M | $117.0M | $288.0M | $194.0M |
| Income taxes | $196.0M | $111.0M | −$28.0M | $102.0M | $123.0M | $191.0M | $70.0M | $193.0M | $29.0M | $34.0M |
| Net income | $331.0M | $380.0M | $445.0M | $209.0M | $250.0M | −$238.0M | $157.0M | −$113.0M | $241.0M | $149.0M |
| EBITDA | $794.0M | $761.0M | $685.0M | $537.0M | $615.0M | $178.0M | $462.0M | $323.0M | $499.0M | $455.0M |
| EPS (diluted) | $7.26 | $7.06 | $5.38 | $6.26 | $5.02 | $2.07 | $3.91 | $4.03 | $3.43 | $3.14 |
| Gross margin | 25.3% | 24.0% | 21.3% | 20.5% | 23.4% | 19.1% | 20.5% | 24.1% | 24.0% | 24.0% |
| Operating margin | 16.7% | 15.4% | 13.4% | 9.0% | 13.3% | 0.8% | 9.2% | 4.8% | 12.4% | 10.4% |
| Net margin | 8.9% | 9.5% | 11.3% | 4.8% | 7.3% | −9.1% | 4.7% | −3.5% | 8.9% | 6.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $982.0M | $904.0M | $849.0M | $899.0M | $923.0M | $936.0M | $955.0M | $1.00B | $1.02B | $1.02B | $958.0M | $965.0M |
| Cost of revenue | $798.0M | $687.0M | $638.0M | $679.0M | $679.0M | $695.0M | $720.0M | $761.0M | $760.0M | $773.0M | $740.0M | $740.0M |
| Gross profit | $184.0M | $217.0M | $211.0M | $220.0M | $244.0M | $241.0M | $235.0M | $240.0M | $256.0M | $246.0M | $218.0M | $225.0M |
| Research & development | $13.0M | $14.0M | $13.0M | $15.0M | $15.0M | $15.0M | $14.0M | $17.0M | $16.0M | $15.0M | $15.0M | $14.0M |
| Sales, general & admin | $73.0M | $67.0M | $69.0M | $68.0M | $62.0M | $64.0M | $66.0M | $73.0M | $68.0M | $75.0M | $67.0M | $69.0M |
| Total operating expenses | $86.0M | $80.0M | $82.0M | $83.0M | $77.0M | $79.0M | $80.0M | $90.0M | $84.0M | $90.0M | $82.0M | $83.0M |
| Operating income | $98.0M | $137.0M | $129.0M | $137.0M | $167.0M | $162.0M | $155.0M | $150.0M | $172.0M | $156.0M | $136.0M | $142.0M |
| Interest income | $8.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $6.0M | $7.0M | $8.0M | $8.0M | $9.0M | $9.0M |
| Interest expense | $18.0M | $19.0M | $18.0M | $20.0M | $19.0M | $19.0M | $18.0M | $19.0M | $19.0M | $19.0M | $22.0M | $21.0M |
| Income before taxes | $60.0M | $122.0M | $119.0M | $117.0M | $156.0M | $154.0M | $145.0M | $136.0M | $160.0M | $144.0M | $95.0M | $127.0M |
| Income taxes | $46.0M | $44.0M | $37.0M | $63.0M | $43.0M | $49.0M | $41.0M | −$10.0M | $40.0M | $47.0M | $34.0M | −$118.0M |
| Net income | $6.0M | $68.0M | $73.0M | $43.0M | $101.0M | $94.0M | $93.0M | $137.0M | $109.0M | $84.0M | $50.0M | $234.0M |
| EBITDA | $148.0M | $190.0M | $177.0M | $175.0M | $213.0M | $208.0M | $199.0M | $191.0M | $213.0M | $201.0M | $157.0M | $185.0M |
| EPS (diluted) | $1.67 | $1.61 | $1.53 | $1.70 | $1.90 | $1.90 | $1.76 | $1.80 | $1.92 | $1.78 | $1.56 | $1.65 |
| Gross margin | 18.7% | 24.0% | 24.9% | 24.5% | 26.4% | 25.7% | 24.6% | 24.0% | 25.2% | 24.1% | 22.8% | 23.3% |
| Operating margin | 10.0% | 15.2% | 15.2% | 15.2% | 18.1% | 17.3% | 16.2% | 15.0% | 16.9% | 15.3% | 14.2% | 14.7% |
| Net margin | 0.6% | 7.5% | 8.6% | 4.8% | 10.9% | 10.0% | 9.7% | 13.7% | 10.7% | 8.2% | 5.2% | 24.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CBT's financial statements (latest annual report filed November 24, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CBT financial results
In fiscal year 2025 (ended September 30, 2025), Cabot reported revenue of $3.7 billion, down 7.0% from the year before. It had net income of $331.0 million (down 12.9%), a net profit margin of 8.9%. Diluted earnings per share came to $7.26. Over five years revenue grew at an average rate of 7.3% a year.
See the CBT stock overview for the latest quote and news, or the CBT chart for price history and technical indicators.
CBT income statement FAQ
What is Cabot's annual revenue?
Cabot reported total revenue of $3.7 billion for fiscal year 2025, which ended on September 30, 2025. That was down 7.0% from $4.0 billion the previous year.
Is Cabot profitable?
Yes. Cabot reported net income of $331.0 million in fiscal 2025, a net profit margin of 8.9%; its operating margin was 16.7%.
What is Cabot's gross margin?
Cabot's gross margin was 25.3% in fiscal 2025: for every $100 of revenue, Cabot kept $25 after the direct cost of its products and services.
How much does Cabot spend on research and development?
Cabot spent $59.0 million on research and development in fiscal 2025, 1.6% of revenue.
How fast is Cabot growing?
Revenue grew 7.3% a year on average over the last five fiscal years, from $2.6 billion to $3.7 billion.
What are Cabot's earnings per share?
Cabot earned $7.26 per diluted share in fiscal 2025, compared with $7.06 a year earlier.
When will Cabot report its next earnings?
Cabot is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does Cabot's fiscal year end?
Cabot's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 24, 2025.