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Hudson Technologies, Inc., through its subsidiary, Hudson Technologies Company, provides solutions to recurring problems within the refrigeration industry in the United States. The company offers refrigerant and industrial gas; refrigerant management services comprising primarily of reclamation of refrigerants, laboratory testing through its laboratory, and banking storage services; and RefrigerantSide Services comprising system decontamination to remove moisture, oils, and other contaminants intended to restore systems to designed capacity. It also provides diagnostic services for use in the prediction of potential problems in air conditioning, process cooling, and refrigeration systems; Chiller Chemistry, which integrates several fluid tests of an operating system and the corresponding laboratory results into an engineering report; Fluid Chemistry for use in identification of systems that require further examination; and SmartEnergy OPS, a system for measuring, modifying, and improving the efficiency of energy systems, including air conditioning and refrigeration systems, in industrial and commercial applications. In addition, the company provides a snapshot of a packaged chiller's operating efficiency and health through ChillSmart, a maintenance tool. Further, it is involved in the generation of carbon offset projects. The company serves commercial, industrial, and governmental customers, as well as refrigerant wholesalers, distributors, contractors, and refrigeration equipment manufacturers. Hudson Technologies, Inc. was founded in 1990 and is headquartered in Woodcliff Lake, New Jersey.
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 | $247M | $25M | $17M | $-8M | 6.8% | 4.0% | -31.7% |
| 2024 | $237M | $36M | $24M | $87M | 9.9% | -18.0% | -53.3% |
| 2023 | $289M | $84M | $52M | $55M | 22.8% | -11.1% | -49.7% |
| 2022 | $325M | $137M | $104M | $59M | 59.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 325.23 | 289.02 | 237.12 | 246.61 |
| Operating Revenue | - | 325.23 | 289.02 | 237.12 | 246.61 |
| Cost Of Revenue | - | 162.33 | 177.52 | 171.41 | 184.52 |
| Gross Profit | - | 162.89 | 111.51 | 65.71 | 62.10 |
| Operating Expense | - | 31.38 | 33.34 | 36.41 | 43.54 |
| Selling General And Administration | - | 28.59 | 30.54 | 33.02 | 40.24 |
| Total Expenses | - | 193.72 | 210.85 | 207.82 | 228.06 |
| Operating Income | - | 131.51 | 78.17 | 29.30 | 18.56 |
| Total Operating Income As Reported | - | 131.51 | 78.17 | 29.30 | 18.56 |
| EBITDA | - | 137.49 | 83.95 | 35.69 | 24.55 |
| Normalized EBITDA | - | 137.49 | 83.95 | 35.69 | 24.55 |
| EBIT | - | 131.51 | 78.17 | 29.30 | 18.56 |
| Interest Income | - | - | - | 0.48 | - |
| Interest Expense | 11.38 | 14.33 | 8.35 | - | - |
| Net Interest Income | - | -14.33 | -8.35 | 0.48 | 2.53 |
| Other Non Operating Income Expenses | 2.47 | - | - | 2.25 | 1.60 |
| Other Income Expense | 2.47 | - | - | 2.25 | 1.60 |
| Interest Income Non Operating | - | - | - | 0.48 | - |
| Interest Expense Non Operating | 11.38 | 14.33 | 8.35 | - | - |
| Net Non Operating Interest Income Expense | - | -14.33 | -8.35 | 0.48 | 2.53 |
| Pretax Income | - | 117.18 | 69.82 | 32.03 | 22.69 |
| Tax Provision | - | 13.38 | 17.57 | 7.64 | 6.02 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 103.80 | 52.25 | 24.39 | 16.67 |
| Net Income From Continuing And Discontinued Operation | - | 103.80 | 52.25 | 24.39 | 16.67 |
| Net Income From Continuing Operation Net Minority Interest | - | 103.80 | 52.25 | 24.39 | 16.67 |
| Net Income | - | 103.80 | 52.25 | 24.39 | 16.67 |
| Net Income Common Stockholders | - | 103.80 | 52.25 | 24.39 | 16.67 |
| Net Income Including Noncontrolling Interests | - | 103.80 | 52.25 | 24.39 | 16.67 |
| Normalized Income | - | 103.80 | 52.25 | 24.39 | 16.67 |
| Diluted NI Availto Com Stockholders | - | 103.80 | 52.25 | 24.39 | 16.67 |
| Basic Average Shares | - | 44.99 | 45.39 | 45.33 | 43.59 |
| Diluted Average Shares | - | 47.11 | 47.34 | 47.08 | 45.11 |
| Reconciled Depreciation | - | 5.98 | 5.78 | 6.39 | 5.99 |
| Reconciled Cost Of Revenue | - | 159.15 | 174.53 | 168.41 | 181.82 |
| Depreciation Amortization Depletion Income Statement | - | 2.79 | 2.79 | 3.39 | 3.30 |
| Depreciation And Amortization In Income Statement | - | 2.79 | 2.79 | 3.39 | 3.30 |
| Total Other Finance Cost | - | - | 8.35 | -0.48 | -2.53 |
| Amortization | - | 2.79 | 2.79 | 3.39 | 3.30 |
| Amortization Of Intangibles Income Statement | - | 2.79 | 2.79 | 3.39 | 3.30 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Hudson Technologies, Inc.this co. | HDSN | $231M | 13.88↓ discount | 0.95 | 6.8% | 8.03 |
| U.S. Gold Corp. | USAU | $259M | -12.58 | 22.32 | -177.4% | -19.39 |
| Clearwater Paper Corporation | CLW | $258M | -13.86 | 0.31 | -2.3% | 12.00 |
| Montauk Renewables, Inc. | MNTK | $242M | 138.43 | 0.92 | 0.7% | 11.03 |
| Core Molding Technologies, Inc. | CMT |
| - |
| - |
| - |
| - |
| - |
| - |
| $203M |
| 18.11 |
| 1.28 |
| 7.1% |
| 7.27 |
| FutureFuel Corp. | FF | $192M | -3.88 | 1.24 | -31.9% | - |
| Friedman Industries, Incorporated | FRD | $173M | 28.48 | 1.31 | 4.6% | 15.79 |
| Smith-Midland Corporation | SMID | $164M | 13.08 | 3.01 | 23.0% | 7.76 |
| Ascent Industries Co. | ACNT | $123M | 141.88 | 1.41 | 1.0% | -28.63 |
| Peer Median | - | 15.59 | 1.30 | 0.8% | 7.76 | |