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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 |
| Operating 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 |
| Research And Development | - | 38.70 | 49 | 56.50 | 51 |
| Selling General And Administration | - | 360.70 | 380.50 | 305.30 | 285.10 |
| Total Expenses | - | 1,776.40 | 1,787.20 | 1,664.30 | 1,621.70 |
| Operating Income | - | 187.30 | 161.60 | 181.10 | 156.30 |
| Total Operating Income As Reported | - | 187.30 | 161.60 | 177.90 | 129.50 |
| EBITDA | - | 227.40 | 200.90 | 224.60 | 199.90 |
| Normalized EBITDA | - | 226.10 | 197.30 | 378.50 | 225 |
| EBIT | - | 187.30 | 161.60 | 181.10 | 156.30 |
| Interest Expense | 1.50 | 1.10 | - | - | - |
| Net Interest Income | - | -1.10 | 2.30 | 9.30 | 9.20 |
| Other Non Operating Income Expenses | - | 0.20 | 6.90 | 4.70 | -0.40 |
| Other Income Expense | - | -0.90 | 10.50 | -149.20 | -27.40 |
| Interest Expense Non Operating | 1.50 | 1.10 | - | - | - |
| Net Non Operating Interest Income Expense | - | -1.10 | 2.30 | 9.30 | 9.20 |
| Pretax Income | - | 184.60 | 174.40 | 41.20 | 138.10 |
| Tax Provision | - | 51.60 | 35.30 | 5.60 | 21.50 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.36 | 0.73 | -20.93 | -3.92 |
| Net Income Continuous Operations | - | 133 | 139.10 | 35.60 | 116.60 |
| Net Income From Continuing And Discontinued Operation | - | 133 | 139.10 | 35.60 | 116.60 |
| Net Income From Continuing Operation Net Minority Interest | - | 133 | 139.10 | 35.60 | 116.60 |
| Net Income | - | 133 | 139.10 | 35.60 | 116.60 |
| Net Income Common Stockholders | - | 133 | 139.10 | 35.60 | 116.60 |
| Net Income Including Noncontrolling Interests | - | 133 | 139.10 | 35.60 | 116.60 |
| Normalized Income | - | 132.06 | 136.23 | 168.57 | 137.78 |
| Diluted NI Availto Com Stockholders | - | 133 | 139.10 | 35.60 | 116.60 |
| Basic Average Shares | - | 24.79 | 24.85 | 24.93 | 24.88 |
| Diluted Average Shares | - | 24.98 | 25.02 | 25.12 | 24.99 |
| Reconciled Depreciation | - | 40.10 | 39.30 | 43.50 | 43.60 |
| Reconciled Cost Of Revenue | - | 1,377 | 1,357.70 | 1,302.50 | 1,285.60 |
| Total Unusual Items | - | 1.30 | 3.60 | -153.90 | -25.10 |
| Total Unusual Items Excluding Goodwill | - | 1.30 | 3.60 | -153.90 | -25.10 |
| Special Income Charges | - | 0 | 0 | -158.80 | -26.80 |
| Other Special Charges | - | - | - | 155.60 | - |
| Impairment Of Capital Assets | - | 0 | 0 | 0 | 42 |
| Restructuring And Mergern Acquisition | - | 0 | 0 | 3.40 | -15 |
| Gain On Sale Of Security | - | 1.30 | 3.60 | 4.90 | 1.70 |
| Gain On Sale Of Ppe | - | 0 | 0 | 0.20 | 0.20 |
| Total Other Finance Cost | - | 1.10 | -2.30 | -9.30 | -9.20 |
| Earnings From Equity Interest | - | - | - | - | -1.90 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Innospec Inc.this co. | IOSP | $2.0B | 17.04↑ premium | 1.50 | 8.8% | 8.74 |
| Worthington Steel, Inc. | WS | $2.2B | 19.64 | 2.02 | 10.3% | 10.69 |
| Ivanhoe Electric Inc. | IE | $2.1B | -20.12 | 5.12 | -25.4% | -16.90 |
| Tecnoglass Inc. | TGLS | $1.9B | 11.88 | 2.66 | 22.4% | 7.07 |
| Critical Metals Corp. | CRML | $1.6B | - |
| - |
| - |
| - |
| - |
| - |
| 1259.7% |
| - |
| Sylvamo Corporation | SLVM | $1.5B | 11.65 | 1.59 | 13.7% | 5.33 |
| FMC Corporation | FMC | $1.5B | -0.68 | 0.74 | -108.1% | -3.49 |
| REX American Resources Corporation | REX | $1.5B | 18.27 | 2.48 | 13.6% | 16.00 |
| Ecovyst Inc. | ECVT | $1.4B | -19.90 | 2.35 | -11.8% | 11.90 |
| Peer Median | - | 11.65 | 2.35 | 11.9% | 7.07 | |