Innospec Inc. develops, manufactures, blends, markets, and supplies specialty chemicals in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company operates through three segments: Performance Chemicals, Fuel Specialties, and Oilfield Services. It offers specialty chemical products used as additives in diesel, jet, marine, fuel oil, and other fuels used in the operation of commercial trucking, marine and aviation engines, power station generators, heating oil, and other industrial machinery applications. It also provides technology-based solutions for customers' processes or products in personal care, home care, agrochemical, construction, mining, and other industrial markets. In addition, the company develops and markets chemical solutions for drilling, completion, production, drag reducing agents, and oil and gas applications. It serves large multinational companies, manufacturers of personal and home care products and global mining, agriculture and building products, and other industrial companies; national and multinational oil companies, fuel marketers and retailers, fuel terminals, marine lines, coating and plastics producers, and other heavy industrial end-users; and multinational public, independent exploration and production, and oilfield services companies. The company was formerly known as Octel Corp. and changed its name to Innospec Inc. in January 2006. Innospec Inc. was founded in 1938 and is headquartered in Englewood, Colorado.
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 | $1.8B | $200M | $117M | $63M | 8.8% | -3.7% | 227.5% |
| 2024 | $1.8B | $225M | $36M | $122M | 2.9% | -5.3% | -74.4% |
| 2023 | $1.9B | $201M | $139M | $130M | 12.1% | -0.8% | 4.6% |
| 2022 | $2.0B | $227M | $133M | $39M | 12.8% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,963.70 | 1,948.80 | 1,845.40 | 1,778 |
| Cost Of Revenue | - | 1,377 | 1,357.70 | 1,302.50 | 1,285.60 |
| Gross Profit | - | 586.70 | 591.10 | 542.90 | 492.40 |
| Operating Expense | - | 399.40 | 429.50 | 361.80 | 336.10 |
| Operating Income | - | 187.30 | 161.60 | 181.10 | 156.30 |
| EBITDA | - | 227.40 | 200.90 | 224.60 | 199.90 |
| EBIT | - | 187.30 | 161.60 | 181.10 | 156.30 |
| Pretax Income | - | 184.60 | 174.40 | 41.20 | 138.10 |
| Tax Provision | - | 51.60 | 35.30 | 5.60 | 21.50 |
| Net Income | - | 133 | 139.10 | 35.60 | 116.60 |
| Net Income Common Stockholders | - | 133 | 139.10 | 35.60 | 116.60 |
| Total Expenses | - | 1,776.40 | 1,787.20 | 1,664.30 | 1,621.70 |
| Interest Expense | 1.50 | 1.10 | - | - | - |
| Research And Development | - | 38.70 | 49 | 56.50 | 51 |
| Selling General And Administration | - | 360.70 | 380.50 | 305.30 | 285.10 |
| Normalized EBITDA | - | 226.10 | 197.30 | 378.50 | 225 |
| Normalized Income | - | 132.06 | 136.23 | 168.57 | 137.78 |
| Market Cap | 1,920.30 | 1,920.30 | 1,920.30 | 1,920.30 | 1,920.30 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Innospec Inc.this co. | IOSP | $1.9B | 16.47β premium | 1.45 | 8.8% | 8.41 |
| Tecnoglass Inc. | TGLS | $2.0B | 12.42 | 2.66 | 22.4% | 7.59 |
| Ivanhoe Electric Inc. | IE | $1.9B | - | 4.30 | -25.0% | -16.78 |
| Worthington Steel, Inc. | WS | $1.9B | 17.32 | 1.79 | 10.3% | 9.53 |
| Sylvamo Corporation | SLVM | $1.7B | 12.40 |
| - |
| - |
| - |
| - |
| 1.69 |
| 13.7% |
| - |
| Ecovyst Inc. | ECVT | $1.5B | 279.40 | 2.59 | -11.8% | 11.58 |
| Tronox Holdings plc | TROX | $1.5B | - | 1.08 | -32.4% | 17.20 |
| Critical Metals Corp. | CRML | $1.5B | - | 9.60 | - | -25.14 |
| United States Antimony Corporation | UAMY | $1.4B | - | 9.90 | -3.1% | -182.70 |
| Peer Median | - | 14.87 | 2.63 | -3.1% | 7.59 | |