Stepan Company (SCL) Income Statement
SCL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSCL revenue and net income
Where SCL's revenue goes
2025Each bar shows an amount and its share of revenue. SCL kept 2.0% of revenue as net income.
SCL profit margins
SCL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.0% | −5.6% | +4.5% | +2.8% |
| Gross profit | −0.9% | −14.2% | −6.8% | −1.3% |
| Operating income | −1.6% | −30.6% | −16.6% | −5.5% |
| Net income | −6.9% | −31.7% | −18.0% | −4.7% |
| EPS (diluted) | −17.3% | −35.1% | −20.3% | −6.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SCL quarterly EPS vs estimates
Stepan beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.73).
SCL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.33B | $2.18B | $2.33B | $2.77B | $2.35B | $1.87B | $1.86B | $1.99B | $1.93B | $1.77B |
| Cost of revenue | $2.06B | $1.91B | $2.05B | $2.35B | $1.95B | $1.49B | $1.52B | $1.65B | $1.59B | $1.43B |
| Gross profit | $269.9M | $272.2M | $277.6M | $427.1M | $395.8M | $383.6M | $339.7M | $341.5M | $338.3M | $338.5M |
| Research & development | $59.3M | $55.7M | $59.0M | $66.6M | $62.7M | $58.0M | $55.0M | $54.3M | $53.9M | $56.1M |
| Sales, general & admin | $139.6M | $143.9M | $141.6M | $102.2M | $152.1M | $142.9M | $139.5M | $135.6M | $129.7M | $131.8M |
| Total operating expenses | $200.5M | $201.7M | $219.0M | $219.7M | $225.0M | $212.1M | $212.5M | $187.5M | $191.3M | $205.3M |
| Operating income | $69.4M | $70.5M | $58.6M | $207.3M | $170.8M | $171.5M | $127.3M | $151.4M | $154.8M | $126.2M |
| Interest income | $4.1M | $5.3M | $3.8M | $9.8M | $5.8M | $5.4M | $5.7M | $1.8M | $2.1M | $1.2M |
| Interest expense | $26.2M | $19.5M | $15.9M | $10.9M | $7.0M | $7.6M | $11.6M | $12.6M | $13.5M | $14.5M |
| Income before taxes | $59.9M | $60.4M | $48.4M | $188.7M | $172.5M | $171.1M | $125.9M | $137.8M | $139.2M | $113.8M |
| Income taxes | $13.0M | $10.1M | $8.2M | $41.5M | $34.6M | $43.4M | $22.8M | $26.7M | $47.7M | $27.6M |
| Net income | $46.9M | $50.4M | $40.2M | $147.2M | $137.8M | $126.8M | $103.1M | $112.8M | $91.6M | $86.2M |
| EBITDA | $212.2M | $192.1M | $169.7M | $294.2M | $270.4M | $260.5M | $216.2M | $231.8M | $239.4M | $203.2M |
| EPS (diluted) | $1.82 | $2.20 | $2.21 | $6.66 | $5.39 | $5.67 | $5.11 | $4.88 | $4.66 | $4.18 |
| Gross margin | 11.6% | 12.5% | 11.9% | 15.4% | 16.9% | 20.5% | 18.3% | 17.1% | 17.6% | 19.2% |
| Operating margin | 3.0% | 3.2% | 2.5% | 7.5% | 7.3% | 9.2% | 6.8% | 7.6% | 8.0% | 7.1% |
| Net margin | 2.0% | 2.3% | 1.7% | 5.3% | 5.9% | 6.8% | 5.5% | 5.7% | 4.8% | 4.9% |
| 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 | $684.1M | $604.5M | $553.9M | $590.3M | $594.7M | $593.3M | $525.6M | $546.8M | $556.4M | $551.4M | $532.1M | $562.2M |
| Cost of revenue | $584.1M | $539.7M | $502.4M | $519.3M | $522.8M | $517.8M | $468.9M | $471.2M | $486.9M | $481.1M | $465.7M | $491.0M |
| Gross profit | $100.0M | $64.9M | $51.5M | $71.0M | $71.9M | $75.5M | $56.7M | $75.7M | $69.5M | $70.3M | $66.4M | $71.2M |
| Research & development | $17.2M | $15.0M | $15.7M | $14.2M | $14.7M | $14.6M | $13.8M | $13.5M | $14.1M | $14.3M | $15.3M | $14.5M |
| Sales, general & admin | $39.1M | $33.5M | $34.4M | $34.2M | $37.5M | $21.4M | $35.8M | $37.6M | $36.4M | $34.1M | $37.5M | $34.7M |
| Total operating expenses | $57.7M | $49.0M | $50.2M | $49.2M | $53.9M | $47.2M | $49.0M | $51.7M | $50.9M | $50.1M | $66.2M | $51.7M |
| Operating income | $42.3M | $15.8M | $1.3M | $21.8M | $18.0M | $28.3M | $7.7M | $23.9M | $18.7M | $20.2M | $230,000 | $19.5M |
| Interest income | — | — | $5.2M | $5.5M | $5.5M | $3.9M | $5.0M | $3.0M | — | — | — | $3.0M |
| Interest expense | $5.7M | $5.0M | $2.9M | $9.6M | $5.5M | $4.1M | $4.8M | $3.6M | $2.7M | $3.1M | $2.4M | $3.0M |
| Income before taxes | $32.5M | −$54.5M | $4.9M | $16.5M | $13.8M | $24.7M | $2.5M | $21.3M | $17.2M | $19.5M | −$3.7M | $15.8M |
| Income taxes | $9.6M | −$13.1M | −$65,000 | $5.7M | $2.4M | $5.0M | −$894,000 | −$2.3M | $7.7M | $5.6M | −$2.5M | $3.3M |
| Net income | $22.9M | −$41.4M | $5.0M | $10.8M | $11.3M | $19.7M | $3.4M | $23.6M | $9.5M | $13.9M | −$1.2M | $12.6M |
| EBITDA | $69.2M | −$16.5M | $50.8M | $56.1M | $49.5M | $57.8M | $35.6M | $52.4M | $47.1M | $48.2M | $27.1M | $51.1M |
| EPS (diluted) | $1.18 | $0.45 | −$0.02 | $0.48 | $0.52 | $0.84 | $0.12 | $1.03 | $0.41 | $0.64 | $0.33 | $0.64 |
| Gross margin | 14.6% | 10.7% | 9.3% | 12.0% | 12.1% | 12.7% | 10.8% | 13.8% | 12.5% | 12.7% | 12.5% | 12.7% |
| Operating margin | 6.2% | 2.6% | 0.2% | 3.7% | 3.0% | 4.8% | 1.5% | 4.4% | 3.4% | 3.7% | 0.0% | 3.5% |
| Net margin | 3.3% | −6.8% | 0.9% | 1.8% | 1.9% | 3.3% | 0.6% | 4.3% | 1.7% | 2.5% | −0.2% | 2.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SCL's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SCL financial results
In fiscal year 2025 (ended December 31, 2025), Stepan reported revenue of $2.3 billion, up 7.0% from the year before. It had net income of $46.9 million (down 6.9%), a net profit margin of 2.0%. Diluted earnings per share came to $1.82. Over five years revenue grew at an average rate of 4.5% a year.
See the SCL stock overview for the latest quote and news, or the SCL chart for price history and technical indicators.
SCL income statement FAQ
What is Stepan's annual revenue?
Stepan reported total revenue of $2.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.0% from $2.2 billion the previous year.
Is Stepan profitable?
Yes. Stepan reported net income of $46.9 million in fiscal 2025, a net profit margin of 2.0%; its operating margin was 3.0%.
What is Stepan's gross margin?
Stepan's gross margin was 11.6% in fiscal 2025: for every $100 of revenue, Stepan kept $12 after the direct cost of its products and services.
How much does Stepan spend on research and development?
Stepan spent $59.3 million on research and development in fiscal 2025, 2.5% of revenue.
How fast is Stepan growing?
Revenue grew 4.5% a year on average over the last five fiscal years, from $1.9 billion to $2.3 billion.
What are Stepan's earnings per share?
Stepan earned $1.82 per diluted share in fiscal 2025, compared with $2.20 a year earlier.
When will Stepan report its next earnings?
Stepan is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does Stepan's fiscal year end?
Stepan's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.