CABOT CORP

Listed Company

CBTCIK 0000016040NYSELarge AcceleratedMiscellaneous Chemical ProductsDelawareFY ends Sep 30

Period

FY 2025

Revenue

$3.71B

Net Income

$331.00M

Total Assets

$3.81B

Equity

$1.55B

Shares Out

52.22M

Op. Cash Flow

$665.00M

Business

CABOT CORP is a global specialty chemicals and performance materials company that designs, manufactures, and sells particle-based materials for industrial and consumer applications. It offers reinforcing and specialty carbons (carbon black), engineered elastomer composites (E2C), conductive additives, carbon nanotubes, fumed metal oxides, aerogel, inkjet colorants, specialty compounds, and battery materials. The business is organized into two reportable segments, Reinforcement Materials and Performance Chemicals, serving tire and industrial rubber applications and a broad set of performance chemical end-markets. Cabot operates manufacturing facilities and sales teams worldwide, distributing products directly and via distributors across the Americas, Europe, Asia Pacific and other regions.

Summary from filing dated 2025-11-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales and other operating revenues	3,713	3,994	3,931	4,321	3,409
Cost of sales	2,773	3,034	3,092	3,436	2,610
Gross profit	940	960	839	885	799
Selling and administrative expenses	260	283	253	258	289
Research and technical expenses	59	63	57	55	56
Loss on sale of business	—	—	3	−24	—
Income (loss) from operations	621	614	526	389	454
Interest and dividend income	27	32	31	11	8
Interest expense	−76	−81	−90	−56	−49
Other income (expense)	−7	−36	−16	−9	−7
Income (loss) from operations before income taxes and equity in earnings of affiliated companies	565	529	451	335	406
(Provision) benefit for income taxes	−196	−111	28	−102	−123
Equity in earnings of affiliated companies, net of tax	7	6	5	10	3
Net income (loss)	376	424	484	243	286
Net income (loss) attributable to noncontrolling interests, net of tax of $12, $11 and $9	45	44	39	34	36
Net income (loss) attributable to Cabot Corporation	331	380	445	209	250
Basic (shares)	54	55	56	57	57
Diluted (shares)	54	56	57	57	57
Basic (per share)	6.07	6.79	7.79	3.65	4.35
Diluted (per share)	6.02	6.72	7.73	3.62	4.34

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	258	223	238	206	168
Accounts and notes receivable, net of reserve for doubtful accounts of $5 and $5	671	733	695	836	645
Inventories	504	552	585	664	523
Prepaid expenses and other current assets	106	97	108	114	89
Total current assets	1,539	1,605	1,626	1,820	1,425
Property, plant and equipment	4,405	4,082	3,827	3,554	3,885
Accumulated depreciation	−2,694	−2,548	−2,415	−2,284	−2,509
Net property, plant and equipment	1,711	1,534	1,412	1,270	1,376
Goodwill	134	133	134	129	140
Equity affiliates	16	23	20	20	40
Intangible assets, net	55	53	60	63	100
Deferred income taxes	180	216	180	45	53
Other assets	180	172	172	178	172
Total assets	3,815	3,736	3,604	3,525	3,306
Short-term borrowings	14	45	174	347	72
Accounts payable and accrued liabilities	648	676	600	707	667
Income taxes payable	35	43	40	44	35
Current portion of long-term debt	260	8	8	7	373
Total current liabilities	957	772	822	1,105	1,147
Long-term debt	856	1,087	1,094	1,089	717
Deferred income taxes	39	42	50	65	73
Other liabilities	258	245	231	234	279
Commitments and contingencies (Note S)	—	—	—	—	—
Authorized: 200,000,000 shares of $1 par value, Issued: 52,962,353 and 54,430,316 shares, Outstanding: 52,842,481 and 54,297,251 shares	53	54	55	56	57
Less cost of 119,872 and 133,065 shares of common treasury stock	−3	−3	−3	−4	−4
Retained earnings	1,835	1,734	1,574	1,284	1,159
Accumulated other comprehensive income (loss)	−335	−360	−362	−439	−289
Total Cabot Corporation stockholders equity	1,550	1,425	1,264	898	947
Noncontrolling interests	155	165	143	134	143
Total stockholders equity	1,705	1,590	1,407	1,032	1,090
Total liabilities and stockholders equity	3,815	3,736	3,604	3,525	3,306

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	154	151	144	146	160
Gain on sale of land	—	—	−1	−17	—
Deferred tax provision (benefit)	32	−37	−156	−40	9
Share-based compensation	24	25	20	23	21
Other non-cash (income) expense	24	63	4	20	21
Cash dividends received from equity affiliates	13	2	2	1	2
Accounts and notes receivable	76	−26	153	−287	−215
Inventories	47	41	96	−259	−174
Prepaid expenses and other assets	−1	2	1	−25	−37
Accounts payable and accrued liabilities	−67	42	−152	115	167
Income taxes payable	−8	3	−4	15	14
Other liabilities	2	8	6	−7	1
Cash provided by operating activities	665	692	595	100	257
Additions to property, plant and equipment	−274	−241	−244	−211	−195
Proceeds from sale of a business	—	—	6	79	—
Asset acquisition	−27	—	—	−9	—
Proceeds from sale of land	—	—	7	18	—
Proceeds from insurance settlements	—	—	12	1	2
Other	3	6	5	4	7
Cash used in investing activities	−298	−235	−214	−118	−186
Proceeds from short-term borrowings	19	—	24	26	—
Repayments of short-term borrowings	−11	−1	−48	—	—
Proceeds from issuance of (repayments of) commercial paper, net	−39	−127	−149	250	58
Proceeds from long-term debt, net of issuance costs	15	15	84	394	200
Repayments of long-term debt	−7	−30	−90	−372	−222
Purchases of common stock	−168	−172	−98	−53	−3
Proceeds from sales of common stock	8	20	4	6	6
Cash dividends paid to noncontrolling interests	−57	−27	−42	−22	−19
Cash dividends paid to common stockholders	−96	−93	−88	−84	−80
Cash provided by (used in) financing activities	−336	−415	−403	145	−60
Effects of exchange rate changes on cash	4	−57	54	−91	8
Increase (decrease) in cash, cash equivalents	35	−15	32	36	19
Additions to property, plant and equipment included in Accounts payable and accrued liabilities	58	50	41	24	41
Income taxes paid	165	136	140	129	93
Interest paid	79	82	85	46	41

Filings

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