ASH Ashland margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 50

Gross margin

31.5%

Operating margin

7.2%

EBITDA margin

16.9%

Net margin

2.8%

For this period, Ashland reports a gross margin of 31.5%, an operating margin of 7.2%, an EBITDA margin of 16.9%, and a net margin of 2.8%. Each available margin increased from the same period last year. Operating margin recorded the strongest gain, rising by 50.5 percentage points.

ASH margin history

Gross, operating, EBITDA and net margin trends

Ashland's margins averaged 29.62% gross, -14.72% operating, -3.41% EBITDA, and -12.9% net during the last 3 years. Currently all four current margins are above their three-year averages.

ASH margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 1.3 percentage points, operating margin by 50.5 percentage points, EBITDA margin by 49.5 percentage points, and net margin by 48.8 percentage points, led by operating margin with an increase of 50.5 percentage points.

Gross margin expansion

1.3pp

Operating margin expansion

50.5pp

EBITDA margin expansion

49.5pp

Net margin expansion

48.8pp

ASH Gross margin

Looking back over the last 3 years, Ashland recorded an average gross margin of 29.62%. Ashland currently reports a gross margin of 31.5%, 1.9 percentage points above its three-year average. The highest gross margin for Ashland was 31.7% in Mar 2025, while the lowest was 26.8% in Mar 2024.

ASH Operating margin

Over the last 3 years, the average operating margin for Ashland was -14.72%. As of the latest period, the current operating margin for Ashland is 7.2%, 21.9 percentage points above its three-year average. Ashland's operating margin ranged from a low of -43.3% in Jun 2025 to a high of 7.2% in Jun 2026.

ASH EBITDA margin

Over the last 3 years, the average EBITDA margin for Ashland was -3.41%. Ashland's current EBITDA margin is 16.9% and is 20.3 percentage points above its three-year average. Ashland's EBITDA margin ranged from a low of -32.6% in Jun 2025 to a high of 17.8% in Dec 2023.

ASH Net margin

Over the last 3 years, Ashland had an average net margin of -12.9%. Against its three-year average, Ashland's net margin is currently 2.8%, 15.7 percentage points above its three-year average. Looking back over the last 3 years, Ashland's net margin reached 9.1% at its highest point in Mar 2024 and -46.3% at its lowest in Sep 2025.

ASH margin group comparison

Margins compared with peer-group, industry and sector averages

Ashland's gross margin of 31.5% is higher than the industry and its peers average but lower than the Basic Materials sector average. But in comparison with the Basic Materials sector average of 32.3%, Ashland's gross margin is only 2.5% lower.

ASH margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Ashland's gross margin?

As of Jun 30, 2026, ASH has a gross margin of 31.5%.

What is Ashland's operating margin?

For the period ending Jun 30, 2026, ASH recorded an operating margin of 7.2%.

What is Ashland's EBITDA margin?

For the period ending Jun 30, 2026, ASH recorded an EBITDA margin of 16.9%.

What is Ashland's net margin?

The current net margin for ASH is 2.8% as of Jun 30, 2026.

What are the average margins of ASH?

Looking back over 3 years, ASH recorded average margins of 29.6% gross, -14.7% operating, -3.4% EBITDA, and -12.9% net.

What are the highest historical margins of ASH?

Within the 5-year period, ASH recorded its highest margins at 34.7% gross in Dec 2022, 13.8% operating in Sep 2022, 57.2% EBITDA in Mar 2022, and 42.6% net in Mar 2022.

What are the lowest historical margins of ASH?

Over this 5-year history, Ashland's margins fell as low as 26.8% gross in Mar 2024, -43.3% operating in Jun 2025, -32.6% EBITDA in Jun 2025, and -46.3% net in Sep 2025.