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Cabot vs Element Solutions: revenue, profit, margins and growth compared

Cabot brought in $3.7B of revenue in fiscal 2025, Element Solutions $2.6B in fiscal 2025. Revenue changed by -7.0% at Cabot and +3.8% at Element Solutions on the year before, so Element Solutions grew faster. Cabot kept 8.9% of its revenue as net profit, Element Solutions 7.5%. Free cash flow was $391M at Cabot and $227.6M at Element Solutions.

Side by side, latest fiscal year

CBTESI
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$3.7B$2.6B
Revenue growth-7.0%+3.8%
Net income$331M$190.8M
Net margin8.9%7.5%
Free cash flow$391M$227.6M
Free cash flow margin10.5%8.9%
Earnings per share (diluted)$6.02$0.79
Cash$258M$626.5M
Debt$1.1B$1.6B
Price to earnings13.145.2
Market value$4.1B$8.7B
Dividend yield2.23%0.90%
Rank by revenue in sector#152 of 451 · Industrials#196 of 451 · Industrials

Over the years

Revenue
CBT FY2018: $3.2BCBT FY2019: $3.3BCBT FY2020: $2.6BCBT FY2021: $3.4BCBT FY2022: $4.3BCBT FY2023: $3.9BCBT FY2024: $4BCBT FY2025: $3.7BESI FY2018: $2BESI FY2019: $1.8BESI FY2020: $1.9BESI FY2021: $2.4BESI FY2022: $2.5BESI FY2023: $2.3BESI FY2024: $2.5BESI FY2025: $2.6BFY18FY19FY20FY21FY22FY23FY24FY25
CBT $3.7BESI $2.6B
Net income
CBT FY2018: -$113MCBT FY2019: $157MCBT FY2020: -$238MCBT FY2021: $250MCBT FY2022: $209MCBT FY2023: $445MCBT FY2024: $380MCBT FY2025: $331MESI FY2018: -$324.4MESI FY2019: $92.2MESI FY2020: $75.7MESI FY2021: $203.3MESI FY2022: $187.2MESI FY2023: $118.1MESI FY2024: $244.2MESI FY2025: $190.8MFY18FY19FY20FY21FY22FY23FY24FY25
CBT $331MESI $190.8M
Net margin
CBT FY2018: -3.5%CBT FY2019: 4.7%CBT FY2020: -9.1%CBT FY2021: 7.3%CBT FY2022: 4.8%CBT FY2023: 11.3%CBT FY2024: 9.5%CBT FY2025: 8.9%ESI FY2018: -16.5%ESI FY2019: 5.0%ESI FY2020: 4.1%ESI FY2021: 8.5%ESI FY2022: 7.3%ESI FY2023: 5.1%ESI FY2024: 9.9%ESI FY2025: 7.5%FY18FY19FY20FY21FY22FY23FY24FY25
CBT 8.9%ESI 7.5%
Revenue growth
CBT FY2019: +2.9%CBT FY2020: -21.7%CBT FY2021: +30.4%CBT FY2022: +26.8%CBT FY2023: -9.0%CBT FY2024: +1.6%CBT FY2025: -7.0%ESI FY2019: -6.4%ESI FY2020: +1.0%ESI FY2021: +29.5%ESI FY2022: +6.2%ESI FY2023: -8.5%ESI FY2024: +5.3%ESI FY2025: +3.8%FY19FY20FY21FY22FY23FY24FY25
CBT -7.0%ESI +3.8%
Free cash flow
CBT FY2018: $69MCBT FY2019: $139MCBT FY2020: $177MCBT FY2021: $62MCBT FY2022: -$111MCBT FY2023: $351MCBT FY2024: $451MCBT FY2025: $391MESI FY2018: -$29.2MESI FY2019: $141.2MESI FY2020: $247.2MESI FY2021: $279.7MESI FY2022: $248.1MESI FY2023: $280.9MESI FY2024: $293.6MESI FY2025: $227.6MFY18FY19FY20FY21FY22FY23FY24FY25
CBT $391MESI $227.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Cabot and Element Solutions

Which is bigger by revenue, Cabot or Element Solutions?

Cabot is bigger by revenue: $3.7B in fiscal 2025, against $2.6B for Element Solutions in fiscal 2025.

Which keeps more of its revenue as profit, Cabot or Element Solutions?

Cabot had a net margin of 8.9% in fiscal 2025; Element Solutions had 7.5% in fiscal 2025.

Which grew revenue faster, Cabot or Element Solutions?

In their latest fiscal years revenue changed by -7.0% at Cabot and +3.8% at Element Solutions.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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