Loading…
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products in the United States, France, Poland, the United Kingdom, Brazil, Mexico, and internationally. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used in consumer and industrial cleaning and disinfection products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, disinfectants, lubricating ingredients; emulsifiers for spreading agricultural products; and industrial applications comprising latex systems, plastics, and composites. The Polymers segment provides polyurethane polyols that are used in the manufacture of rigid foam for thermal insulation in the construction industry, as well as a base raw material for coatings, adhesives, sealants, and elastomers (CASE); polyester resins used in coating applications; specialty polyols, such as CASE and powdered polyester resins; and phthalic anhydride that is used in unsaturated polyester resins, alkyd resins, and plasticizers for applications in construction materials, as well as components of automotive, boating, and other consumer products. The Specialty Products segment offers flavors, emulsifiers, and solubilizers for use in food, flavoring, nutritional supplement, and pharmaceutical applications. Stepan Company was founded in 1932 and is headquartered in Northbrook, Illinois.
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 | $2.3B | $212M | $47M | $25M | 3.8% | 7.0% | -6.9% |
| 2024 | $2.2B | $192M | $50M | $39M | 4.3% | -6.3% | 25.3% |
| 2023 | $2.3B | $170M | $40M | $-85M | 3.3% | -16.1% | -72.7% |
| 2022 | $2.8B | $294M | $147M | $-141M | 12.6% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,773.27 | 2,325.77 | 2,180.27 | 2,332.11 |
| Operating Revenue | - | 2,773.27 | 2,325.77 | 2,180.27 | 2,332.11 |
| Cost Of Revenue | - | 2,346.20 | 2,048.17 | 1,908.06 | 2,062.23 |
| Gross Profit | - | 427.07 | 277.60 | 272.21 | 269.89 |
| Operating Expense | - | 218.66 | 204.60 | 201.38 | 200.51 |
| Research And Development | - | 66.63 | 59.04 | 55.67 | 59.28 |
| Selling General And Administration | - | 161.21 | 141.57 | 143.90 | 139.56 |
| Total Expenses | - | 2,564.86 | 2,252.77 | 2,109.44 | 2,262.73 |
| Operating Income | - | 208.41 | 73 | 70.83 | 69.38 |
| Total Operating Income As Reported | - | 207.34 | 58.61 | 70.48 | 78.55 |
| EBITDA | - | 294.24 | 169.68 | 192.10 | 212.17 |
| Normalized EBITDA | - | 304.83 | 182.21 | 188.92 | 199.49 |
| EBIT | - | 199.59 | 64.34 | 79.90 | 86.13 |
| Interest Income | - | 1.08 | 3.84 | 5.28 | 4.11 |
| Interest Expense | - | 10.89 | 15.95 | 19.46 | 26.23 |
| Net Interest Income | - | -9.81 | -12.10 | -14.18 | -22.12 |
| Other Non Operating Income Expenses | - | 0.69 | 0.03 | 0.61 | -0.04 |
| Other Income Expense | - | -9.90 | -12.51 | 3.79 | 12.64 |
| Interest Income Non Operating | - | 1.08 | 3.84 | 5.28 | 4.11 |
| Interest Expense Non Operating | - | 10.89 | 15.95 | 19.46 | 26.23 |
| Net Non Operating Interest Income Expense | - | -9.81 | -12.10 | -14.18 | -22.12 |
| Pretax Income | - | 188.70 | 48.39 | 60.44 | 59.90 |
| Tax Provision | - | 41.55 | 8.19 | 10.07 | 13.01 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.33 | -2.12 | 0.53 | 2.75 |
| Net Income Continuous Operations | - | 147.15 | 40.20 | 50.37 | 46.90 |
| Net Income From Continuing And Discontinued Operation | - | 147.15 | 40.20 | 50.37 | 46.90 |
| Net Income From Continuing Operation Net Minority Interest | - | 147.15 | 40.20 | 50.37 | 46.90 |
| Net Income | - | 147.15 | 40.20 | 50.37 | 46.90 |
| Net Income Common Stockholders | - | 147.15 | 40.20 | 50.37 | 46.90 |
| Net Income Including Noncontrolling Interests | - | 147.15 | 40.20 | 50.37 | 46.90 |
| Normalized Income | - | 155.41 | 50.62 | 47.72 | 36.96 |
| Diluted NI Availto Com Stockholders | - | 147.15 | 40.20 | 50.37 | 46.90 |
| Basic Average Shares | - | 22.78 | 22.78 | 22.83 | 22.87 |
| Diluted Average Shares | - | 23.06 | 22.95 | 22.93 | 22.89 |
| Reconciled Depreciation | - | 94.65 | 105.34 | 112.20 | 126.04 |
| Reconciled Cost Of Revenue | - | 2,346.20 | 2,048.17 | 1,908.06 | 2,062.23 |
| Total Unusual Items | - | -10.59 | -12.54 | 3.18 | 12.68 |
| Total Unusual Items Excluding Goodwill | - | -10.59 | -12.54 | 3.18 | 12.68 |
| Minority Interests | -0.09 | 0 | 0 | - | - |
| Special Income Charges | - | -1.29 | -14.01 | 0 | 9.65 |
| Gain On Sale Of Business | 0.97 | 0 | 0 | - | - |
| Impairment Of Capital Assets | - | 0.98 | 2.04 | 0 | 6.24 |
| Restructuring And Mergern Acquisition | - | 0.31 | 11.97 | 0 | 0 |
| Gain On Sale Of Security | - | -9.30 | 1.47 | 3.18 | 3.03 |
| General And Administrative Expense | - | 102.18 | 93.20 | 98.28 | 90.79 |
| Other Gand A | - | 102.18 | 93.20 | 98.28 | 90.79 |
| Salaries And Wages | 6.90 | -9.39 | 4.37 | - | - |
| Gain On Sale Of Ppe | - | - | 0 | 0 | 15.90 |
| Other Operating Expenses | - | -9.18 | 3.99 | 1.80 | 1.67 |
| Selling And Marketing Expense | - | 59.03 | 48.37 | 45.63 | 48.77 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Stepan Companythis co. | SCL | $1.2B | 24.97 | 0.94 | 3.8% | 8.08 |
| Compass Minerals International, Inc. | CMP | $1.3B | -16.49 | 5.62 | -34.1% | 17.83 |
| United States Antimony Corporation | UAMY | $1.3B | -295.38 | 9.09 | -3.1% | -162.31 |
| Tronox Holdings plc | TROX | $1.2B | -2.65 | 0.88 | -33.1% | 211.38 |
| Oil-Dri Corporation of America | ODC | $1.2B |
| - |
| - |
| - |
| - |
| 32.68 |
| 5.78 |
| 17.7% |
| 17.88 |
| NWPX Infrastructure, Inc. | NWPX | $1.2B | 33.37 | 2.99 | 9.0% | 18.71 |
| Ramaco Resources, Inc. | METC | $1.1B | - | 2.30 | -10.6% | 82.52 |
| Green Plains Inc. | GPRE | $1.1B | -8.71 | 1.38 | -15.8% | 42.51 |
| ASP Isotopes Inc. | ASPI | $1.0B | - | 4.92 | -85.8% | - |
| Peer Median | - | -5.68 | 3.95 | -13.2% | 18.71 | |