CBT CABOT CORP

Overview and Growth

Fiscal 2025 results for CABOT CORP combined $3.71B of revenue with net income of $331.00M and an operating cash inflow of $665.00M. The $3.71B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line contracted 7.0% from $3.99B in fiscal 2024; this top-line contraction left the company with a smaller revenue base. On a per-share basis, diluted EPS was $6.02, which connects the reported earnings outcome with the company’s diluted share count. The per-share result recorded a 10.4% decrease from fiscal 2024 diluted EPS of $6.72. Asset turnover was 0.97x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $940.00M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 25.3% of revenue, showing how much of the top line remained after direct costs. Operating income was $621.00M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Relative to revenue, operating income represented 16.7%, showing how efficiently sales converted into operating profit. Net income came to $331.00M, completing the progression from revenue through gross and operating profitability to the final reported result. The final earnings result represented 8.9% of revenue, connecting the absolute net income figure with the company’s top-line scale. Income tax expense totaled $196.00M, providing the reported tax component that separates pretax and after-tax earnings. The relationship between net income and period-end equity was 19.4%, indicating the profitability achieved on book capital. Net income represented 8.7% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

At period end, the $3.81B asset base was financed through $2.11B of liabilities and $1.71B of equity. The near-term balance sheet paired $1.54B of current assets with $957.00M of current liabilities at the reporting date. At 1.61x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $258.00M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 27.0% of current liabilities, showing how much near-term coverage came from cash alone. Borrowings totaled $1.12B, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 0.65x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 29.3% of total assets, placing borrowing in the context of the company’s full resource base. Liabilities represented 55.3% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 6.8%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 2.1% from $3.74B in fiscal 2024, leaving current total assets higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $665.00M, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 2.01x, showing the relationship between accrual earnings and operating cash. Capital spending was $274.00M, absorbing part of the cash generated from operations before free cash flow. Capital expenditures represented 41.2% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $391.00M, leaving cash available for debt reduction, shareholder returns, or further investment. Free cash flow represented 10.5% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 10.2%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Sep 30, 2025. Analysis generated Oct 21, 2026.