TSEOQ Trinseo PLC

Overview and Growth

In fiscal 2025, Trinseo PLC recorded $2.97B of revenue, net loss of $545.60M, and an operating cash outflow of $102.40M. At $2.97B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 15.3% below fiscal 2024 revenue of $3.51B, marking a top-line contraction. The company reported diluted EPS of -$15.24, adding a shareholder-level measure to the absolute income figures considered below. The company employed $2.28B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 1.3x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $165.90M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 5.6% of revenue, showing how much of the top line remained after direct costs. Operations produced a $254.20M operating loss before non-operating and tax effects. The operating loss equaled 8.5% of revenue, showing the scale of the operating deficit relative to sales. After all below-operating-line items, the company recorded a net loss of $545.60M for the fiscal year. Measured against revenue, the bottom-line deficit represented 18.3% after all recognized items. The pretax result was a loss of $503.00M, establishing the deficit before tax effects. Measured against revenue, the pretax deficit represented 16.9%. The reported income-tax provision was $42.60M, the amount recognized between pretax income and the final net-income result. The loss-to-assets relationship was 23.9%, placing the bottom-line deficit against the company’s resource base. The bottom-line deficit increased from $348.50M in fiscal 2024 to $545.60M.

Liquidity and Capital Structure

The company held $2.28B of assets against $3.38B of liabilities and -$1.10B of equity, revealing how the asset base was financed. With total equity at -$1.10B, the company carried a negative book-capital position, increasing its reliance on liabilities and future earnings. At period end, current assets of $864.70M compared with current liabilities of $714.70M, defining the company’s short-term resource position. At 1.21x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $146.70M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 20.5%, excluding receivables and other current assets. Total debt was $2.55B, establishing the amount of borrowing carried within the company’s capital structure. Debt represented 111.6% of total assets, placing borrowing in the context of the company’s full resource base. The equity-to-assets relationship was -48.1%, placing book capital against the total resource base. Relative to total assets, liabilities measured 148.1%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 6.4% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 13.8% from $2.64B in fiscal 2024, leaving current total assets lower year over year. The reported cash balance changed 30.1% from $209.80M in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

Operating activities used $102.40M of cash, resulting in an operating cash outflow for the year. Capital expenditures used $51.00M in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. Negative free cash flow was $153.40M, leaving a cash deficit after capital spending and reducing financial flexibility. Relative to revenue, the post-investment cash deficit represented 5.2%. The free-cash-flow deficit equaled 6.7% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 26, 2026.