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Cabot Corporation

Cabot Corporation

NYSE•CBT
CEO: Mr. Sean D. Keohane
Sector: Basic Materials
Industry: Chemicals - Specialty
Listing Date: 1980-11-05
Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions. The company also provides specialty carbons for use in inks, coatings, plastics, adhesives, toners, batteries, and displays; conductive additives and fumed alumina used in lead acid and lithium-ion batteries for electric vehicles; fumed silica used in adhesives, sealants, cosmetics, batteries, inks, toners, silicone elastomers, coatings, polishing slurries, and pharmaceuticals; and fumed alumina for use in various products, including inkjet media, lighting, coatings, cosmetics, and polishing slurries. In addition, it offers aerogel, a hydrophobic, silica-based particle to use in various thermal insulation and specialty chemical applications; masterbatch and conductive compound products that are used in automotive, industrial, packaging, infrastructure, agriculture, consumer products, and electronics industries; and inkjet colorants for inkjet printing applications, as well as carbon nanotubes and fumed metal oxides. The company sells its products through distributors and sales representatives in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Cabot Corporation was founded in 1882 and is headquartered in Boston, Massachusetts.
Contact Information
Two Seaport Lane, Suite 1400, Boston, MA, 02210-2019, United States
617-345-0100
www.cabotcorp.com
Market Cap
$3.75B
P/E (TTM)
11.7
19.7
Dividend Yield
2.5%
52W High
$92.89
52W Low
$58.33
52W Range
36%
Rank33Top 25.7%
4.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$899.00M-10.19%
4-Quarter Trend

EPS

$0.79-67.49%
4-Quarter Trend

FCF

$155.00M+38.39%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Sales Decline Net sales reached $3.71B USD in fiscal 2025, down $281M from 2024, driven by lower volumes in Reinforcement Materials.
EBIT Segment Shift Performance Chemicals EBIT increased $30M to $194M USD; Reinforcement Materials EBIT decreased $29M to $508M USD.
Net Income Reduction Net income attributable to Cabot Corporation was $331M USD, a decrease of $49M compared to fiscal 2024 results.
Cash Position Stable Cash provided by operating activities totaled $665M USD; year-end cash balance stood at $258M USD, increasing liquidity.

Risk Factors

Industry Competition/Pricing Highly competitive marketplace causes pricing pressure as lower raw material costs are passed through to customers via formulas.
Tire Production Shifts Increased tire exports from Asia negatively impact demand for Reinforcement Materials in Americas and Western Europe regions.
Environmental Regulatory Costs Increasing global environmental regulations regarding GHG emissions will increase capital expenditures and operational costs going forward.
Respirator Liability Uncertainty Significant uncertainty exists regarding CWP respirator liabilities, with $33M reserved, requiring high auditor judgment and specialized skill.

Outlook

FY26 EBIT Expectations Reinforcement Materials EBIT expected to decline in fiscal 2026 due to tire trade flows; PC EBIT expected to increase from battery materials growth.
Battery Materials Focus Performance Chemicals EBIT growth driven by continued expansion in battery materials and alternative energy applications moving forward.
Planned Capital Spending Capital expenditures for fiscal 2026 are expected to be between $200M USD and $250M USD, primarily for sustaining projects.
Debt Refinancing Strategy Company plans to refinance $250M USD in registered notes with a 3.4% coupon prior to their September 2026 maturity date.

Peer Comparison

Revenue (TTM)

Sasol LimitedSSL
$28.48B
-6.5%
Celanese CorporationCE
$9.71B
-7.3%
Olin CorporationOLN
$6.79B
+4.7%

Gross Margin (Latest Quarter)

Perimeter Solutions, Inc.PRM
58.3%
-4.5pp
United States Lime & Minerals, Inc.USLM
51.2%
+2.9pp
Sensient Technologies CorporationSXT
34.3%
+1.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CE$5.14B-1.7-63.2%59.2%
PRM$4.23B53.86.7%26.8%
SXT$4.13B29.612.4%32.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-2.0%
Flat Growth
4Q Net Income CAGR
-22.7%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 2, 2026
|
EPS:$1.40
|
Revenue:$889.11M
Reports
All Years
  • Form 10-K - FY 2025

    Period End: Sep 30, 2025|Filed: Nov 24, 2025|
    Revenue: $3.71B-7.0%
    |
    EPS: $6.16-12.0%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $923.00M-9.2%
    |
    EPS: $1.87-4.6%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $936.00M-8.1%
    |
    EPS: $1.71+12.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Dec 31, 2024|Filed: Feb 6, 2025|
    Revenue: $955.00M-0.3%
    |
    EPS: $1.69+92.0%
    Miss
  • Form 10-K - FY 2024

    Period End: Sep 30, 2024|Filed: Nov 20, 2024|
    Revenue: $3.99B+1.6%
    |
    EPS: $7.00-14.4%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Jun 30, 2024|Filed: Aug 6, 2024|
    Revenue: $1.02B+5.0%
    |
    EPS: $1.96+33.3%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $1.02B-1.4%
    |
    EPS: $1.52+16.0%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Dec 31, 2023|Filed: Feb 8, 2024|
    Revenue: $958.00M-0.7%
    |
    EPS: $0.88-6.4%
    Miss