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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 131.51 | 78.17 | 29.30 | 18.56 |
| EBITDA | 137.49 | 83.95 | 35.69 | 24.55 |
| EBIT | 131.51 | 78.17 | 29.30 | 18.56 |
| Pretax Income | 117.18 | 69.82 | 32.03 | 22.69 |
| Tax Provision | 13.38 | 17.57 | 7.64 | 6.02 |
| Net Income | 103.80 | 52.25 | 24.39 | 16.67 |
| Net Income Common Stockholders | 103.80 | 52.25 | 24.39 | 16.67 |
| Total Expenses | 193.72 | 210.85 | 207.82 | 228.06 |
| Interest Expense | 14.33 | 8.35 | 0 | 0 |
| Interest Income | 0 | 0 | 0.48 | 0 |
| Selling General And Administration | 28.59 | 30.54 | 33.02 | 40.24 |
| Normalized EBITDA | 137.49 | 83.95 | 35.69 | 24.55 |
| Normalized Income | 103.80 | 52.25 | 24.39 | 16.67 |
| Basic EPS | 2.31 | 1.15 | 0.54 | 0.38 |
| Diluted EPS | 2.20 | 1.10 | 0.52 | 0.37 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.11 | 0.25 | 0.24 | 0.27 |
| Net Income From Continuing Operation Net Minority Interest | 103.80 | 52.25 | 24.39 | 16.67 |
| Reconciled Depreciation | 5.98 | 5.78 | 6.39 | 5.99 |
| Reconciled Cost Of Revenue | 159.15 | 174.53 | 168.41 | 181.82 |
| Net Interest Income | -14.33 | -8.35 | 0.48 | 2.53 |
| Net Income From Continuing And Discontinued Operation | 103.80 | 52.25 | 24.39 | 16.67 |
| Total Operating Income As Reported | 131.51 | 78.17 | 29.30 | 18.56 |
| Diluted Average Shares | 47.11 | 47.34 | 47.08 | 45.11 |
| Basic Average Shares | 44.99 | 45.39 | 45.33 | 43.59 |
| Diluted NI Availto Com Stockholders | 103.80 | 52.25 | 24.39 | 16.67 |
| Net Income Including Noncontrolling Interests | 103.80 | 52.25 | 24.39 | 16.67 |
| Net Income Continuous Operations | 103.80 | 52.25 | 24.39 | 16.67 |
| Other Income Expense | 0 | 0 | 2.25 | 1.60 |
| Other Non Operating Income Expenses | 0 | 0 | 2.25 | 1.60 |
| Net Non Operating Interest Income Expense | -14.33 | -8.35 | 0.48 | 2.53 |
| Total Other Finance Cost | 0 | 8.35 | -0.48 | -2.53 |
| Interest Expense Non Operating | 14.33 | 8.35 | 0 | 0 |
| Interest Income Non Operating | 0 | 0 | 0.48 | 0 |
| 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 |
| Amortization | 2.79 | 2.79 | 3.39 | 3.30 |
| Amortization Of Intangibles Income Statement | 2.79 | 2.79 | 3.39 | 3.30 |
| Operating Revenue | 325.23 | 289.02 | 237.12 | 246.61 |
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 | $256M | 16.43↓ discount | 1.04 | 6.8% | 7.85 |
| Vox Royalty Corp. | VOXR | $358M | 51.90 | 3.31 | 5.5% | 39.27 |
| U.S. Gold Corp. | USAU | $262M | - | 4.97 | -177.4% | -13.59 |
| Core Molding Technologies, Inc. | CMT | $252M | 21.23 | 1.47 | 7.1% | 8.18 |
| Clearwater Paper Corporation | CLW |
| $208M |
| - |
| 0.25 |
| -2.3% |
| 5.43 |
| Montauk Renewables, Inc. | MNTK | $206M | 144.00 | 0.79 | 0.7% | 8.84 |
| FutureFuel Corp. | FF | $198M | - | 1.28 | -31.9% | -3.38 |
| Smith-Midland Corporation | SMID | $176M | 14.05 | 3.24 | 23.0% | 8.48 |
| Friedman Industries, Incorporated | FRD | $142M | 8.96 | 1.00 | 4.6% | 10.15 |
| Peer Median | - | 21.23 | 1.38 | 2.6% | 8.33 | |