Ashland Inc.

ASHNYSEBasic Materials● Active

$57.67

+$1.47(+2.62%)

Market Cap$2.6B

P/E Ratio—

52W High$65.65

52W Low$46.3

Avg Volume840K

Open$56.10

Beta0.43

Free Cash Flow Financials Revenue

Ashland Inc. (ASH) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ASH · free cash flow · updated Jun 8, 2026

Core FCF metrics

ASH · FCF · TTM · margin & CAGR

Free cash flow was −$4.0M for FY2025 (fiscal year ending 2025-09-30), down 101.5% year-over-year The FCF margin was -0.2%.

FY2025 Free Cash Flow−$4.0M▼ -101.5% YoY

Trailing 12M (TTM)$334.0MTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-0.2%−$4.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ASH · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$94.0M(98M)−$4.0M▼ 101.5%-0.2%

FY2024$411.0M(137M)$274.0M▲ +275.3%13.0%

FY2023$243.0M(170M)$73.0M▲ +122.4%3.3%

FY2022−$213.0M(113M)−$326.0M▼ 171.6%-13.6%

FY2021$560.0M(105M)$455.0M▲ +550.0%21.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ASH · P/FCF · FCF yield · FCF per share

Ashland Inc. (ASH) trades at a FCF yield of 12.77% and a price-to-free-cash-flow ratio of 7.9x. FCF per share stands at $7.26, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

12.77%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$7.26

TTM FCF ÷ Shares Outstanding

Price / FCF

x7.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x11.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-30

Cash flow statement summary

ASH · cash flow statement · operating / investing / financing

For FY2025, Ashland Inc. generated $94.0M in operating cash flow and spent 98M in capital expenditures, yielding −$4.0M in free cash flow.

Operating Activities

+$94.0M

Cash from core business operations

2025-09-30

Investing Activities

−$3.0M

CapEx, acquisitions & investments

2025-09-30

Financing Activities

−$179.0M

Buybacks, dividends & debt

2025-09-30

FCF FormulaOperating CF ($94.0M) − |CapEx| (98M) = FCF (−$4.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

ASH vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Ashland Inc.YOU

ASH

−$4.0M-101.5%-0.2%

Loss

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Ashland Inc. (ASH) reported free cash flow of −$4.0M for FY2025 (fiscal year ending 2025-09-30), down 101.5% year-over-year. The FCF margin was -0.2%.

Based on available data, Ashland Inc. has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $455.0M in FY2021.

Ashland Inc.'s FCF yield is 12.77% and price-to-FCF ratio is 7.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ASH free cash flow · 8 questions

Ashland Inc. free cash flow was −$4.0M for FY2025, down 101.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $334.0M.

ASH free cash flowASH FCFASH FCF 2025ASH free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Ashland Inc. · Ashland Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026