Loading…
Albemarle Corporation provides energy storage solutions worldwide. It operates through three segments: Energy Storage, Specialties, and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride for use in lithium batteries used in consumer electronics and electric vehicles, power grids and solar panels, high performance greases, specialty glass used in consumer appliances and electronics. The Specialties segment provides bromine and highly specialized lithium solutions for various industries, such as energy, mobility, connectivity, and health comprising fire safety compounds; bromine-based specialty chemicals products, including elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon, and various bromine fine chemicals; lithium specialties, such as butyllithium and lithium aluminum hydride; cesium products for the chemical and pharmaceutical industries; and zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators. This segment also provides organic synthesis processes in the areas of steroid chemistry and vitamins, and various life science applications, as well as intermediates in the pharmaceutical industry; technical services, including handling and use of reactive lithium products; and recycling services for lithium-containing by-products. The Ketjen segment offers clean fuels technologies, including hydroprocessing catalysts together with isomerization and akylation catalysts; fluidized catalytic cracking catalysts and additives; and performance catalyst solutions comprising organometallics and curatives. It serves grid storage, automotive, aerospace, conventional energy, electronics, construction, agriculture and food, pharmaceuticals and medical device industries. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.1B | $314M | $-511M | $692M | -7.0% | -4.4% | -56.7% |
| 2024 | $5.4B | $-1.0B | $-1.2B | $-993M | -15.3% | -44.1% | -175.0% |
| 2023 | $9.6B | $793M | $1.6B | $-828M | 16.7% | 31.4% | -41.5% |
| 2022 | $7.3B | $2.9B | $2.7B | $646M | 33.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 7,320.10 | 9,617.20 | 5,377.53 | 5,142.73 |
| Operating Revenue | - | 7,320.10 | 9,617.20 | 5,377.53 | 5,142.73 |
| Cost Of Revenue | - | 4,245.52 | 8,431.29 | 5,314.99 | 4,474.01 |
| Gross Profit | - | 3,074.59 | 1,185.91 | 62.54 | 668.72 |
| Operating Expense | - | 596.13 | 995.73 | 704.77 | 601.43 |
| Research And Development | - | 71.98 | 85.72 | 86.72 | 51.40 |
| Selling General And Administration | - | 524.14 | 910 | 618.05 | 550.04 |
| Total Expenses | - | 4,841.64 | 9,427.02 | 6,019.76 | 5,075.45 |
| Operating Income | - | 2,478.46 | 190.18 | -642.23 | 67.28 |
| Total Operating Income As Reported | - | 2,470.06 | 251.88 | -1,776.54 | -367.08 |
| EBITDA | - | 2,857.26 | 792.75 | -1,009.57 | 314.26 |
| Normalized EBITDA | - | 2,865.66 | 731.06 | 124.75 | 748.62 |
| EBIT | - | 2,556.42 | 362.81 | -1,598.21 | -344.42 |
| Interest Expense | - | 122.97 | 116.07 | 165.62 | 207.65 |
| Net Interest Income | - | -122.97 | -116.07 | -165.62 | -207.65 |
| Other Non Operating Income Expenses | - | 86.36 | 110.93 | 178.34 | 22.66 |
| Other Income Expense | - | 77.96 | 172.63 | -955.98 | -411.71 |
| Interest Expense Non Operating | - | 122.97 | 116.07 | 165.62 | 207.65 |
| Net Non Operating Interest Income Expense | - | -122.97 | -116.07 | -165.62 | -207.65 |
| Pretax Income | - | 2,433.44 | 246.74 | -1,763.82 | -552.07 |
| Tax Provision | - | 390.59 | 430.28 | 87.08 | 156.88 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.35 | 12.96 | -238.21 | -91.22 |
| Net Income Continuous Operations | - | 2,815.13 | 1,670.54 | -1,135.48 | -465.21 |
| Net Income From Continuing And Discontinued Operation | - | 2,689.82 | 1,573.48 | -1,179.45 | -510.63 |
| Net Income From Continuing Operation Net Minority Interest | - | 2,689.82 | 1,573.48 | -1,179.45 | -510.63 |
| Net Income | - | 2,689.82 | 1,573.48 | -1,179.45 | -510.63 |
| Net Income Common Stockholders | - | 2,689.82 | 1,573.48 | -1,316.10 | -677.38 |
| Net Income Including Noncontrolling Interests | - | 2,815.13 | 1,670.54 | -1,135.48 | -465.21 |
| Normalized Income | - | 2,696.87 | 1,524.73 | -283.34 | -167.48 |
| Diluted NI Availto Com Stockholders | - | 2,689.82 | 1,573.48 | -1,316.10 | -677.38 |
| Basic Average Shares | - | 117.12 | 117.32 | 117.52 | 117.66 |
| Diluted Average Shares | - | 117.79 | 117.77 | 117.52 | 117.66 |
| Reconciled Depreciation | - | 300.84 | 429.94 | 588.64 | 658.68 |
| Reconciled Cost Of Revenue | - | 4,245.52 | 8,431.29 | 5,314.99 | 4,474.01 |
| Total Unusual Items | - | -8.40 | 61.70 | -1,134.32 | -434.37 |
| Total Unusual Items Excluding Goodwill | - | -8.40 | 61.70 | -1,134.32 | -434.37 |
| Preferred Stock Dividends | - | - | - | 136.65 | 166.75 |
| Minority Interests | - | -125.32 | -97.07 | -43.97 | -45.42 |
| Earnings From Equity Interest Net Of Tax | - | 772.28 | 1,854.08 | 715.43 | 243.74 |
| Special Income Charges | - | -8.40 | 61.70 | -1,134.32 | -434.37 |
| Gain On Sale Of Business | - | -8.40 | 71.19 | 0 | 0 |
| Impairment Of Capital Assets | - | - | 0 | 0 | 426.67 |
| Restructuring And Mergern Acquisition | - | 0 | 9.49 | 1,134.32 | 7.70 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Albemarle Corporationthis co. | ALB | $19.5B | - | 2.05 | -7.1% | 67.51 |
| Vulcan Materials Company | VMC | $36.7B | 34.11 | 4.31 | 12.6% | 17.57 |
| Martin Marietta Materials, Inc. | MLM | $34.9B | 30.68 | 3.48 | 11.3% | 19.36 |
| Dow Inc. | DOW | $25.1B | -9.56 | 1.57 | -16.4% | 34.39 |
| PPG Industries, Inc. | PPG | $25.0B | 15.83 |
| - |
| - |
| - |
| - |
| - |
| 3.14 |
| 19.8% |
| 10.91 |
| LyondellBasell Industries N.V. | LYB | $21.4B | - | 2.12 | -7.5% | 28.02 |
| DuPont de Nemours, Inc. | DD | $19.3B | -24.78 | 1.39 | -5.6% | 18.78 |
| International Flavors & Fragrances Inc. | IFF | $18.7B | - | 1.32 | -2.6% | 31.74 |
| CF Industries Holdings, Inc. | CF | $18.1B | 12.41 | 3.73 | 30.1% | 6.01 |
| Peer Median | - | 14.12 | 2.63 | 4.4% | 19.07 | |