Albemarle Corporation (ALB) financials
NYSE · Basic Materials · Chemicals - Specialty · 7,800 employees · CEO Jerry Kent Jr.
- Price
- $91.00 -2.43%
- Market cap
- $10.7B
- Enterprise value
- $11.1B
- Last report
- Q2 '26 filed 2026-08-05
- Next report
- 2026-11-04 EPS est. $2.53
Revenue (TTM)$5.91B+18.3% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)11.9%+16.4 pp vs a year agoOperating income $704M
Net income (TTM)$224M+124.1% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$1.34B+787.9% vs a year agoCapex $458M
Diluted EPS (TTM)-$0.03+99.7% vs a year agoSum of the last 4 quarters
Net cash-$354M+81.5% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $10.7B EV $11.1B
- Revenue
- $5.91B Trailing 12 months
- Revenue growth
- +18% FY2026 consensus
- Profit margin
- 3.8% Net income / revenue, TTM
- P/E
- 189.6× Forward 8.2× (FY2026)
- P/S
- 1.8× Price / sales, TTM
- EV / EBITDA
- 10.3× TTM
- Free cash flow
- $1.34B Trailing 12 months
- Net income
- $224M Trailing 12 months
- Revenue estimate
- $6.07B FY2026 consensus
- Earnings
- 2026-11-04 Revenue est. $1.52B
- Dividend
- $1.63 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-08-05): revenue beat by 8.5%, EPS beat by 17.2%Revenue $1.74B vs $1.61B expected (+8.5%); EPS $3.75 vs $3.20 (+17.2%).
- Revenue growth accelerating: 31.1% year on yearQ2 '26 revenue $1.74B, against an average of 9.5% over the four quarters before.
- Operating margin 11.9% (TTM), +16.4 pp on a year agoOperating income grew 413.9% while revenue grew 18.3%.
- 158.1% of pre-tax profit is eaten by non-operating lossesPre-tax income $273M vs operating income $704M (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
- Capex 7.8% of revenue (a year ago 19.2%)$458M invested in the last 4 quarters (-52.4% on a year earlier). Free cash flow $1.34B = 598.8% of net income.
- Returned $195M to shareholders = 14.5% of free cash flowBuybacks $3.94M (a year earlier $0), dividends $191M, stock-based pay $37.9M (TTM).
- Diluted share count up 15.8% in a year136M diluted shares in Q2 '26, 118M a year earlier.
- Net debt $354MCash + short-term investments $1.63B, debt incl. leases $1.99B; a year ago net debt $1.91B.
Last quarter: Q2 '26
Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q2 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $1.74B | $1.33B | +31.1% |
| Gross margin | 33.9% | 14.8% | +19.1 pp |
| Operating income | $453M | $53.7M | +742.8% |
| Operating margin | 26.0% | 4.0% | +21.9 pp |
| Net income | $480M | $22.9M | +1,996.2% |
| Diluted EPS | $3.22 | -$0.16 | +2,112.5% |
| Operating cash flow | $710M | -$7.2M | +9,957.0% |
| Capex | $71.7M | $120M | -40.0% |
| Free cash flow | $638M | -$127M | +603.2% |
| R&D | $3.67M | $12.4M | -70.5% |
| Stock-based compensation | $6.78M | $10.1M | -32.9% |
Reported vs consensus
2026-08-05| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $1.74B | $1.61B | +8.5% |
| EPS (as estimated) | $3.75 | $3.20 | +17.2% |
From the report of 2026-08-05 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q2 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Energy Storage | $1.28B | +77.9% | 75.1% | $3.64B | +38.4% | |
| Ketjen | – | – | – | – | – | |
| Specialties | $423M | +20.5% | 24.9% | $1.48B | +9.5% | |
| Corporate and all other | – | – | – | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $1.8B
- Capex
- -$458M
- Buybacks
- -$3.94M
- Dividends
- -$191M
- Acquisitions
- $525M
- Net debt issued
- -$1.72B
- Stock-based compensation
- $37.9M
- Free cash flow
- $1.34B
- Returned to shareholders / FCF
- 14.5%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 189.6× | 79.6× 3 of 5 years | 9.4× – 218.5× |
| EV / EBITDA | 10.3× | 25.4× 4 of 5 years | 7.5× – 53.5× |
| EV / Sales | 1.9× | 4.1× | 2.1× – 8.8× |
| Price / FCF | 8.0× | 31.7× 2 of 5 years | 24.0× – 39.3× |
| Price / Book | 1.0× | 2.5× | 1.0× – 4.8× |
| FCF yield | 12.5% | -2.0% | -9.8% – 4.2% |
| Return on invested capital | 3.3% | 4.0% | -4.2% – 17.3% |
| Return on equity | 2.3% | 7.1% | -11.8% – 33.7% |
Analysts
Consensus target $167.09 (+83.6%)
range $109.00 – $250.00 · rating Buy
Strong buy0
Buy21
Hold19
Sell5
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $6.07B | +18.0% | $11.09 | +292.9% | 8.2× | 11 |
| FY2027 | $6.07B | +0.1% | $9.64 | -13.1% | 9.4× | 10 |
| FY2028 | $6.2B | +2.1% | $10.26 | +6.4% | 8.9× | 3 |
| FY2029 | $6.35B | +2.3% | $10.60 | +3.3% | 8.6× | 1 |
| FY2030 | $7.4B | +16.5% | $13.90 | +31.1% | 6.5× | 1 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 358 figures Albemarle Corporation tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Receivable, after Allowance for Credit Loss, Current | $604M | $766M | -21.2% | $594M | $742M | -20.0% |
| Accounts Receivable, Allowance for Credit Loss, Current | $4.58M | $5.19M | -11.7% | $4.58M | $5.2M | -12.0% |
| Accrual for Environmental Loss Contingencies | $20.6M | $20.4M | +0.8% | $20.5M | $20M | +2.6% |
| Accrual for Environmental Loss Contingencies, Charges to Expense for New Losses | $222K | $214K | +3.7% | $849K | $1.13M | -24.6% |
| Accrual for Environmental Loss Contingencies, Discount Rate | 4.0% | 4.0% | 0.0% | 4.0% | 4.0% | 0.0% |
| Accrual for Environmental Loss Contingencies, Foreign Currency Translation Gain (Loss) | -$44K | $258K | -117.1% | $382K | $211K | +81.0% |
| Accrual for Environmental Loss Contingencies, Payments | $204K | $188K | +8.5% | $740K | $4.16M | -82.2% |
| Accrual for Environmental Loss Contingencies, Period Increase (Decrease) | – | – | – | $34K | -$11.3M | +100.3% |
| Accrued Environmental Loss Contingencies, Current | $4.03M | $4.18M | -3.5% | $4.25M | $4.24M | +0.2% |
| Accrued Environmental Loss Contingencies, Noncurrent | $16.5M | $16.2M | +1.9% | $16.3M | $15.8M | +3.3% |
| Accrued Income Taxes, Current | $132M | $170M | -22.5% | $35.5M | $95.3M | -62.8% |
| Accrued Liabilities, Current | $508M | $415M | +22.3% | $522M | $468M | +11.5% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $3.44B | $3.54B | -2.7% | $2.17B2021-12-31 | $2.07B | +4.4% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$244M | -$365M | +33.2% | -$335M | -$742M | +54.9% |
| Additional Paid in Capital, Common Stock | $3.05B | $3B | +1.6% | $3.02B | $2.99B | +1.1% |
| Amortization of Intangible Assets | $5.2M | $5.7M | -8.7% | $22.4M | $23M | -2.6% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | – | – | – | 16.9M2024-12-31 | 0 | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $8.54M | $10.2M | -16.1% | $36.6M | $33.1M | +10.8% |
| Asset Retirement Obligation | $95M2025-12-31 | $96.4M | -1.4% | $95M | $96.4M | -1.4% |
| Asset Retirement Obligation, Accretion Expense | – | – | – | $3.38M | $3.37M | +0.4% |
| Asset Retirement Obligation, Current | $375K2025-12-31 | $1.54M | -75.6% | $375K | $1.54M | -75.6% |
| Asset Retirement Obligation, Foreign Currency Translation Gain (Loss) | – | – | – | $158K | -$90K | +275.6% |
| Asset Retirement Obligation, Liabilities Incurred | – | – | – | $3.99M | $6.61M | -39.6% |
| Asset Retirement Obligation, Liabilities Settled | – | – | – | $7.91M | $2.65M | +198.3% |
| Asset Retirement Obligations, Noncurrent | $94.6M2025-12-31 | $94.9M | -0.2% | $94.6M | $94.9M | -0.2% |
| Assets | $15.9B | $17.3B | -8.0% | $16.4B | $16.6B | -1.4% |
| Assets Held-for-sale, Not Part of Disposal Group, Current | $372M2025-12-31 | $0 | – | $372M | $0 | – |
| Assets, Current | $3.94B | $4.51B | -12.5% | $4.01B | $3.84B | +4.3% |
| Buildings and Improvements, Gross | $937M2025-12-31 | $933M | +0.4% | $937M | $933M | +0.4% |
| Business Combination, Acquisition Related Costs | $765K | $1.77M | -56.7% | $8.3M | $6.22M | +33.4% |
| Capital Expenditures Incurred but Not yet Paid | -$9.7M | -$27.2M | +64.4% | $120M | $198M | -39.2% |
| Cash and Cash Equivalents, at Carrying Value | $1.63B | $1.81B | -9.7% | $613M2019-12-31 | $555M | +10.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.63B | $1.81B | -9.7% | $1.62B | $1.19B | +35.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $542M | $288M | +87.9% | $426M | $302M | +40.8% |
| Common Stock, Dividends, Per Share, Declared | $0.41 | $0.41 | 0.0% | $1.62 | $1.61 | +0.6% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 275M | 275M | 0.0% | 275M | 275M | 0.0% |
| Common Stock, Shares, Issued | 118M | 118M | +0.3% | 118M | 118M | +0.1% |
| Common Stock, Shares, Outstanding | 118M | 118M | +0.3% | 118M | 118M | +0.1% |
| Common Stock, Value, Issued | $1.18M | $1.18M | +0.3% | $1.18M | $1.18M | +0.2% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $19.3M | $12.4M | +56.6% | $45.6M | $44M | +3.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $495M | $291M | +70.0% | -$103M | -$1.39B | +92.6% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $515M | $304M | +69.4% | -$57.8M | -$1.35B | +95.7% |
| Construction in Progress, Gross | $643M2025-12-31 | $1.01B | -36.3% | $643M | $1.01B | -36.3% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $539M2025-12-31 | $706M | -23.7% | $539M | $706M | -23.7% |
| Contract with Customer, Liability | $395M | – | – | – | – | – |
| Contract with Customer, Liability, Current | $98.2M | – | – | – | – | – |
| Contract with Customer, Liability, Noncurrent | $297M | – | – | – | – | – |
| Contract with Customer, Liability, Revenue Recognized | $21.9M | $0 | – | $350M | – | – |
| Cost of Revenue | $1.15B | $1.13B | +1.8% | $4.47B | $5.31B | -15.8% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$11.2M | $213M | -105.3% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $85.3M | $105M | -19.1% |
| Current Income Tax Expense (Benefit) | – | – | – | $75.7M | $317M | -76.2% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1.68M | -$450K | +474.0% |
| Debt Instrument, Fair Value Disclosure | $1.82B | $3.44B | -47.0% | $3.11B | $3.33B | -6.6% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $46M | $79.9M | -42.5% | $61.9M | $88.6M | -30.2% |
| Debt Securities, Available-for-sale | – | – | – | $314M2024-12-31 | $289M | +8.5% |
| Debt Securities, Available-for-sale, Noncurrent | $02025-12-31 | $314M | -100.0% | $0 | $314M | -100.0% |
| Deferred Compensation Liability, Classified, Noncurrent | $30.8M2025-12-31 | $38.2M | -19.6% | $30.8M | $38.2M | -19.6% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $53.1M | -$172M | +130.8% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02