Element Solutions Inc (ESI) Income Statement
ESI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsESI revenue and net income
Where ESI's revenue goes
2025Each bar shows an amount and its share of revenue. ESI kept 7.5% of revenue as net income.
ESI profit margins
ESI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.8% | +0.0% | +6.6% | +0.0% |
| Gross profit | +3.4% | +4.0% | +6.4% | +0.8% |
| Operating income | −0.5% | +1.7% | +8.0% | +16.9% |
| Net income | −21.9% | +0.6% | +20.3% | — |
| EPS (diluted) | +3.5% | +1.9% | +9.2% | +7.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ESI quarterly EPS vs estimates
Element Solutions beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 21, 2026 (estimate $0.48).
ESI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.55B | $2.46B | $2.33B | $2.55B | $2.40B | $1.85B | $1.84B | $1.96B | $3.78B | $3.59B |
| Cost of revenue | $1.48B | $1.42B | $1.41B | $1.60B | $1.44B | $1.07B | $1.05B | $1.12B | $2.19B | $2.08B |
| Gross profit | $1.07B | $1.04B | $918.5M | $952.7M | $960.8M | $786.0M | $788.3M | $837.6M | $1.59B | $1.51B |
| Research & development | $67.6M | $63.0M | $68.1M | $48.8M | $49.7M | $48.6M | $42.2M | $44.3M | $98.4M | $84.0M |
| Sales, general & admin | $660.7M | $628.8M | $596.8M | $578.6M | $611.2M | $504.0M | $497.0M | $544.8M | $1.11B | $1.12B |
| Total operating expenses | $728.3M | $691.8M | $744.9M | $627.4M | $660.9M | $553.3M | $539.2M | $589.1M | $1.21B | $1.21B |
| Operating income | $342.2M | $343.9M | $173.6M | $325.3M | $299.9M | $232.7M | $249.1M | $248.5M | $221.3M | $253.0M |
| Interest income | $88.7M | $42.2M | $41.4M | $56.2M | $38.4M | $145.6M | $62.0M | $316.5M | $390.6M | $406.8M |
| Interest expense | $53.4M | $56.3M | $49.3M | $51.2M | $54.2M | $63.4M | $90.7M | $311.0M | $336.9M | $376.0M |
| Income before taxes | $116.2M | $287.7M | $129.1M | $272.0M | $251.7M | $81.1M | $140.9M | −$53.2M | −$289.0M | −$48.0M |
| Income taxes | −$74.6M | $44.8M | $13.0M | $85.8M | $48.3M | $4.3M | $61.3M | $23.8M | $6.6M | $29.0M |
| Net income | $190.8M | $244.2M | $118.1M | $187.2M | $203.3M | $75.7M | $92.2M | −$324.4M | −$296.2M | −$74.0M |
| EBITDA | $320.8M | $501.6M | $345.1M | $496.1M | $475.5M | $305.9M | $386.3M | $411.5M | $379.7M | $482.8M |
| EPS (diluted) | $1.49 | $1.44 | $1.29 | $1.41 | $1.38 | $0.96 | $0.89 | $0.53 | $0.76 | $0.61 |
| Gross margin | 42.0% | 42.2% | 39.4% | 37.4% | 40.0% | 42.4% | 42.9% | 42.7% | 42.1% | 42.1% |
| Operating margin | 13.4% | 14.0% | 7.4% | 12.8% | 12.5% | 12.6% | 13.6% | 12.7% | 5.9% | 7.1% |
| Net margin | 7.5% | 9.9% | 5.1% | 7.3% | 8.5% | 4.1% | 5.0% | −16.5% | −7.8% | −2.1% |
| 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 | $977.9M | $840.0M | $676.2M | $656.1M | $625.2M | $593.7M | $624.2M | $645.0M | $612.7M | $575.0M | $573.4M | $599.3M |
| Cost of revenue | $643.9M | $517.3M | $399.6M | $379.1M | $358.8M | $343.2M | $368.2M | $377.5M | $345.5M | $330.0M | $353.1M | $357.4M |
| Gross profit | $334.0M | $322.7M | $276.6M | $277.0M | $266.4M | $250.5M | $256.0M | $267.5M | $267.2M | $245.0M | $220.3M | $241.9M |
| Research & development | $19.5M | $20.2M | $17.4M | $18.1M | $16.2M | $15.9M | $14.4M | $14.9M | $15.6M | $18.1M | $13.8M | $12.9M |
| Sales, general & admin | $200.8M | $191.1M | $189.5M | $158.1M | $155.9M | $157.2M | $166.7M | $157.6M | $155.4M | $149.1M | $151.0M | $149.9M |
| Total operating expenses | $220.3M | $211.3M | $206.9M | $176.2M | $172.1M | $173.1M | $181.1M | $172.5M | $171.0M | $167.2M | $164.8M | $242.8M |
| Operating income | $113.7M | $111.4M | $69.7M | $100.8M | $94.3M | $77.4M | $74.9M | $95.0M | $96.2M | $77.8M | $55.5M | −$900,000 |
| Interest income | — | — | $13.8M | $35.9M | $35.5M | $31.7M | $6.1M | $5.4M | — | — | — | $18.6M |
| Interest expense | $24.0M | $21.5M | $12.9M | $13.3M | $12.9M | $14.3M | $13.9M | $14.2M | $14.3M | $13.9M | $12.3M | $13.3M |
| Income before taxes | $47.5M | $82.7M | −$50.4M | $23.1M | $63.3M | $80.2M | $66.8M | $77.2M | $74.2M | $69.5M | $37.6M | −$16.4M |
| Income taxes | −$29.8M | $26.7M | −$56.4M | −$16.2M | $15.8M | −$17.8M | $12.0M | $36.8M | −$17.5M | $13.5M | −$40.4M | $15.3M |
| Net income | $77.3M | $55.9M | $6.1M | $39.3M | $47.4M | $98.0M | $54.7M | $40.3M | $93.2M | $56.0M | $77.1M | −$31.8M |
| EBITDA | $158.4M | $146.7M | −$300,000 | $75.0M | $114.4M | $167.3M | $118.5M | $130.8M | $128.6M | $123.7M | $108.9M | $41.4M |
| EPS (diluted) | $0.47 | $0.41 | $0.37 | $0.41 | $0.37 | $0.34 | $0.35 | $0.39 | $0.36 | $0.34 | $0.32 | $0.36 |
| Gross margin | 34.2% | 38.4% | 40.9% | 42.2% | 42.6% | 42.2% | 41.0% | 41.5% | 43.6% | 42.6% | 38.4% | 40.4% |
| Operating margin | 11.6% | 13.3% | 10.3% | 15.4% | 15.1% | 13.0% | 12.0% | 14.7% | 15.7% | 13.5% | 9.7% | −0.2% |
| Net margin | 7.9% | 6.7% | 0.9% | 6.0% | 7.6% | 16.5% | 8.8% | 6.2% | 15.2% | 9.7% | 13.4% | −5.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ESI's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ESI financial results
In fiscal year 2025 (ended December 31, 2025), Element Solutions reported revenue of $2.6 billion, up 3.8% from the year before. It had net income of $190.8 million (down 21.9%), a net profit margin of 7.5%. Diluted earnings per share came to $1.49. Over five years revenue grew at an average rate of 6.6% a year.
See the ESI stock overview for the latest quote and news, or the ESI chart for price history and technical indicators.
ESI income statement FAQ
What is Element Solutions's annual revenue?
Element Solutions reported total revenue of $2.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.8% from $2.5 billion the previous year.
Is Element Solutions profitable?
Yes. Element Solutions reported net income of $190.8 million in fiscal 2025, a net profit margin of 7.5%; its operating margin was 13.4%.
What is Element Solutions's gross margin?
Element Solutions's gross margin was 42.0% in fiscal 2025: for every $100 of revenue, Element Solutions kept $42 after the direct cost of its products and services.
How much does Element Solutions spend on research and development?
Element Solutions spent $67.6 million on research and development in fiscal 2025, 2.6% of revenue.
How fast is Element Solutions growing?
Revenue grew 6.6% a year on average over the last five fiscal years, from $1.9 billion to $2.6 billion.
What are Element Solutions's earnings per share?
Element Solutions earned $1.49 per diluted share in fiscal 2025, compared with $1.44 a year earlier.
When will Element Solutions report its next earnings?
Element Solutions is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Element Solutions's fiscal year end?
Element Solutions's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.