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Trinseo PLC provides specialty material solutions in the United States, Europe, the Asia-Pacific, and internationally. The company operates through four segments: Engineered Materials, Latex Binders, Polymer Solutions, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic elastomers, activated methyl methacrylates, and polymethyl methacrylates resins for consumer electronics, medical, footwear, automotive, wellness, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, PULSE, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT trade names. The Latex Binders segment provides various latex binder products, including styrene-butadiene latex, styrene-acrylate latex, vinylidene chloride latex, all-acrylic latex, and butadiene-methacrylate latex for coatings, adhesives, sealants, and elastomers applications. The Polymer Solutions Segment offers a range of polymers, such as copolymers, polycarbonate, styrene-acrylonitrile, and acrylonitrile-butadiene-styrene under the MAGNUM, CALIBRE, and STYRON brand used in automotive, appliances, consumer goods, and construction sheet applications. The Americas Styrenics segment provides styrene monomer, polystyrene, general purpose polystyrenes, high heat and impact resins, and STYRON A-TECH polystyrene products for appliances, food packaging, food service disposables, consumer electronics, and building and construction materials applications. Trinseo PLC was incorporated in 2015 and is based in Wayne, Pennsylvania.
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 | $3.0B | $62M | $-546M | $-153M | 49.7% | -15.3% | 56.6% |
| 2024 | $3.5B | $160M | $-349M | $-78M | 56.2% | -4.4% | -50.3% |
| 2023 | $3.7B | $-223M | $-701M | $79M | 261.7% | -26.0% | 62.8% |
| 2022 | $5.0B | $-120M | $-431M | $-105M | -102.5% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 4,965.50 | 3,675.40 | 3,513.20 | 2,974.90 |
| Operating Revenue | - | 4,965.50 | 3,675.40 | 3,513.20 | 2,974.90 |
| Cost Of Revenue | - | 4,693.20 | 3,533.10 | 3,247.60 | 2,809 |
| Gross Profit | - | 272.30 | 142.30 | 265.60 | 165.90 |
| Operating Expense | - | 398.80 | 310.30 | 327 | 417 |
| Selling General And Administration | - | 398.80 | 310.30 | 327 | 417 |
| Total Expenses | - | 5,092 | 3,843.40 | 3,574.60 | 3,226 |
| Operating Income | - | -126.50 | -168 | -61.40 | -251.10 |
| Total Operating Income As Reported | - | -363.90 | -455.40 | -46 | -254.20 |
| EBITDA | - | -119.80 | -223.30 | 159.70 | 62.40 |
| Normalized EBITDA | - | 219 | 132.50 | 160.30 | 62.60 |
| EBIT | - | -356.70 | -444.50 | -50.50 | -229.20 |
| Interest Expense | - | 112.90 | 188.40 | 267.50 | 273.80 |
| Net Interest Income | - | -112.90 | -188.40 | -267.50 | -273.80 |
| Other Non Operating Income Expenses | - | 6.40 | 17.20 | -3.90 | 25.20 |
| Other Income Expense | - | -230.20 | -276.50 | 10.90 | 21.90 |
| Interest Expense Non Operating | - | 112.90 | 188.40 | 267.50 | 273.80 |
| Net Non Operating Interest Income Expense | - | -112.90 | -188.40 | -267.50 | -273.80 |
| Pretax Income | - | -469.60 | -632.90 | -318 | -503 |
| Tax Provision | - | -41.60 | 68.40 | 30.50 | 42.60 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -30.01 | -74.72 | -0.13 | -0.04 |
| Net Income Continuous Operations | - | -428 | -701.30 | -348.50 | -545.60 |
| Net Income From Continuing And Discontinued Operation | - | -430.90 | -701.30 | -348.50 | -545.60 |
| Net Income From Continuing Operation Net Minority Interest | - | -428 | -701.30 | -348.50 | -545.60 |
| Net Income | - | -430.90 | -701.30 | -348.50 | -545.60 |
| Net Income Common Stockholders | - | -430.90 | -701.30 | -348.50 | -545.60 |
| Net Income Including Noncontrolling Interests | - | -430.90 | -701.30 | -348.50 | -545.60 |
| Normalized Income | - | -119.21 | -420.22 | -348.03 | -545.44 |
| Diluted NI Availto Com Stockholders | - | -430.90 | -701.30 | -348.50 | -545.60 |
| Basic Average Shares | 38.70 | 35.90 | 35.30 | 35.30 | - |
| Diluted Average Shares | 39.60 | 35.90 | 35.30 | 35.30 | - |
| Reconciled Depreciation | - | 236.90 | 221.20 | 210.20 | 291.60 |
| Reconciled Cost Of Revenue | - | 4,693.20 | 3,533.10 | 3,247.60 | 2,809 |
| Total Unusual Items | - | -338.80 | -355.80 | -0.60 | -0.20 |
| Total Unusual Items Excluding Goodwill | - | -338.80 | -355.80 | -0.60 | -0.20 |
| Net Income Discontinuous Operations | 160.40 | -2.90 | 0 | 0 | - |
| Special Income Charges | - | -338.80 | -355.80 | -0.60 | -0.20 |
| Other Special Charges | - | -0.80 | 6.30 | 0.60 | 0.20 |
| Write Off | - | 42.50 | 0.50 | 0 | 0 |
| Impairment Of Capital Assets | - | 297.10 | 349 | 0 | 0 |
| Restructuring And Mergern Acquisition | 22 | 0 | 0 | - | - |
| Earnings From Equity Interest | - | 102.20 | 62.10 | 15.40 | -3.10 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Trinseo PLCthis co. | TSEOF | $0M | -0.00 | -0.00 | 49.7% | 39.40 |
| Montauk Renewables, Inc. | MNTK | $242M | 138.43 | 0.92 | 0.7% | 11.03 |
| Hudson Technologies, Inc. | HDSN | $231M | 13.88 | 0.95 | 6.8% | 8.03 |
| 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 |
| American Vanguard Corporation | AVD | $72M | -1.44 | 0.37 | -25.9% | -21.27 |
| Peer Median | - | 15.99 | 1.26 | 2.8% | 7.76 | |