Cabot (CBT)


Market Price (10/8/2026): $0 | Market Cap: $-Sector: Materials | Industry: Diversified Chemicals

Cabot (CBT)


Market Price (10/8/2026): $0
Market Cap: $-
Sector: Materials
Industry: Diversified Chemicals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.4%, Dividend Yield is 2.5%, FCF Yield is 7.2%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%

Low stock price volatility
Vol 12M is 33%

Megatrend and thematic drivers
Megatrends include Advanced Materials, Battery Technology & Metals, and Electric Vehicles & Autonomous Driving. Themes include Specialty Chemicals for Performance, Show more.

Weak multi-year price returns
2Y Excs Rtn is -65%, 3Y Excs Rtn is -64%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.82

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.8%

Key risks
CBT key risks include [1] volatility in raw material costs and fluctuating demand that directly impact profitability and [2] intense competitive pressure requiring continuous innovation to maintain market share.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.4%, Dividend Yield is 2.5%, FCF Yield is 7.2%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%
2 Low stock price volatility
Vol 12M is 33%
3 Megatrend and thematic drivers
Megatrends include Advanced Materials, Battery Technology & Metals, and Electric Vehicles & Autonomous Driving. Themes include Specialty Chemicals for Performance, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -65%, 3Y Excs Rtn is -64%
5 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.82
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.8%
7 Key risks
CBT key risks include [1] volatility in raw material costs and fluctuating demand that directly impact profitability and [2] intense competitive pressure requiring continuous innovation to maintain market share.

CBT in ETFs

Weight = CBT's share of each fund

VTI0.01%
ITOT0.01%
IWM0.14%
IJH0.12%
VIG0.02%
VYM0.02%
VB0.05%
AVUV0.71%
+15 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/1/2026

Cabot (CBT) stock has lost about 15% since 6/30/2026 because of the following key factors:

1. Weakness in Reinforcement Materials Segment and Cautious Outlook.

Cabot Corporation's Reinforcement Materials segment, which generates a significant portion of the company's revenue, experienced a 24% year-over-year decline in Earnings Before Interest and Taxes (EBIT) to $97 million in fiscal Q3 2026 (period ended June 30, 2026), primarily due to lower gross profit per ton resulting from calendar year 2026 customer agreements and pricing pressure. This weakness contributed to investor concerns despite the company beating adjusted EPS estimates. Following these results, announced on August 3, 2026, management narrowed its fiscal 2026 Adjusted EPS guidance range from $6.00-$6.50 to $6.15-$6.45 per share, citing ongoing geopolitical uncertainties and raw material cost volatility. Shares fell 4.58% premarket after the Q3 2026 earnings report.

2. Leadership Transition.

The announcement on July 30, 2026, that President and CEO Sean Keohane would retire effective September 30, 2026, and be succeeded by Erica McLaughlin, the Executive Vice President, CFO, and Head of Corporate Strategy, introduced an element of uncertainty for investors. This was followed by the appointment of Steve Delahunt as interim Chief Financial Officer on September 15, 2026, effective October 1, 2026, as a search for a permanent CFO commenced.

Show more
Updated on 10/1/2026

Cabot (CBT) stock has lost about 15% since 6/30/2026 because of the following key factors:

1. Weakness in Reinforcement Materials Segment and Cautious Outlook.

Cabot Corporation's Reinforcement Materials segment, which generates a significant portion of the company's revenue, experienced a 24% year-over-year decline in Earnings Before Interest and Taxes (EBIT) to $97 million in fiscal Q3 2026 (period ended June 30, 2026), primarily due to lower gross profit per ton resulting from calendar year 2026 customer agreements and pricing pressure. This weakness contributed to investor concerns despite the company beating adjusted EPS estimates. Following these results, announced on August 3, 2026, management narrowed its fiscal 2026 Adjusted EPS guidance range from $6.00-$6.50 to $6.15-$6.45 per share, citing ongoing geopolitical uncertainties and raw material cost volatility. Shares fell 4.58% premarket after the Q3 2026 earnings report.

2. Leadership Transition.

The announcement on July 30, 2026, that President and CEO Sean Keohane would retire effective September 30, 2026, and be succeeded by Erica McLaughlin, the Executive Vice President, CFO, and Head of Corporate Strategy, introduced an element of uncertainty for investors. This was followed by the appointment of Steve Delahunt as interim Chief Financial Officer on September 15, 2026, effective October 1, 2026, as a search for a permanent CFO commenced.

3. Impact of One-Time Charges on Diluted EPS.

In fiscal Q3 2026 (period ended June 30, 2026), Cabot Corporation reported a diluted EPS of $0.12, a significant decrease from $1.86 in the prior year's comparable quarter. This substantial drop was primarily attributed to an after-tax per share charge of $1.55 related to restructuring actions and the termination of employee benefit plans, negatively impacting the company's reported profitability.

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Stock Movement Drivers

Fundamental Drivers

The -16.5% change in CBT stock from 6/30/2026 to 10/7/2026 was primarily driven by a -34.4% change in the company's Net Income Margin (%).
(LTM values as of)630202610072026Change
Stock Price ($)90.3175.41-16.5%
Change Contribution By: 
Total Revenues ($ Mil)3,5753,6341.7%
Net Income Margin (%)8.0%5.2%-34.4%
P/E Multiple16.520.524.3%
Shares Outstanding (Mil)52520.8%
Cumulative Contribution-16.5%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/7/2026
ReturnCorrelation
CBT-16.5% 
Market (SPY)4.1%-4.4%
Sector (XLB)-3.6%29.6%

Fundamental Drivers

The 1.2% change in CBT stock from 3/31/2026 to 10/7/2026 was primarily driven by a 62.3% change in the company's P/E Multiple.
(LTM values as of)331202610072026Change
Stock Price ($)74.4975.411.2%
Change Contribution By: 
Total Revenues ($ Mil)3,6073,6340.7%
Net Income Margin (%)8.6%5.2%-39.4%
P/E Multiple12.620.562.3%
Shares Outstanding (Mil)53522.1%
Cumulative Contribution1.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/7/2026
ReturnCorrelation
CBT1.2% 
Market (SPY)19.8%20.6%
Sector (XLB)-1.6%43.8%

Fundamental Drivers

The 1.6% change in CBT stock from 9/30/2025 to 10/7/2026 was primarily driven by a 119.1% change in the company's P/E Multiple.
(LTM values as of)930202510072026Change
Stock Price ($)74.2475.411.6%
Change Contribution By: 
Total Revenues ($ Mil)3,8153,634-4.7%
Net Income Margin (%)11.1%5.2%-53.1%
P/E Multiple9.320.5119.1%
Shares Outstanding (Mil)54523.7%
Cumulative Contribution1.6%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/7/2026
ReturnCorrelation
CBT1.6% 
Market (SPY)17.6%22.9%
Sector (XLB)10.8%48.5%

Fundamental Drivers

The 15.9% change in CBT stock from 9/30/2023 to 10/7/2026 was primarily driven by a 71.2% change in the company's P/E Multiple.
(LTM values as of)930202310072026Change
Stock Price ($)65.0475.4115.9%
Change Contribution By: 
Total Revenues ($ Mil)4,0783,634-10.9%
Net Income Margin (%)7.5%5.2%-30.1%
P/E Multiple12.020.571.2%
Shares Outstanding (Mil)56528.7%
Cumulative Contribution15.9%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/7/2026
ReturnCorrelation
CBT15.9% 
Market (SPY)88.1%41.0%
Sector (XLB)31.5%58.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CBT Return28%21%28%11%-26%18%95%
Peers Return22%-23%26%-18%-32%22%-19%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
CBT Win Rate50%42%50%58%25%60% 
Peers Win Rate57%52%45%42%37%60% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CBT Max Drawdown-25%-22%-23%-22%-35%-18% 
Peers Max Drawdown-21%-43%-21%-33%-45%-30% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AVNT, LYB, EMN, CE, DOW. See CBT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/7/2026 (YTD)

How Low Can It Go

EventCBTS&P 500
2025 US Tariff Shock
  % Loss-17.5%-18.8%
  % Gain to Breakeven21.3%23.1%
  Time to Breakeven386 days79 days
2023 SVB Regional Banking Crisis
  % Loss-18.0%-6.7%
  % Gain to Breakeven21.9%7.1%
  Time to Breakeven144 days31 days
2020 COVID-19 Crash
  % Loss-50.1%-33.7%
  % Gain to Breakeven100.4%50.9%
  Time to Breakeven80 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-37.4%-19.2%
  % Gain to Breakeven59.8%23.8%
  Time to Breakeven863 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-11.2%-12.2%
  % Gain to Breakeven12.6%13.9%
  Time to Breakeven8 days62 days
2014-2016 Oil Price Collapse
  % Loss-42.4%-6.8%
  % Gain to Breakeven73.5%7.3%
  Time to Breakeven365 days15 days

Compare to AVNT, LYB, EMN, CE, DOW

In The Past

Cabot's stock fell -17.5% during the 2025 US Tariff Shock. Such a loss loss requires a 21.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCBTS&P 500
2020 COVID-19 Crash
  % Loss-50.1%-33.7%
  % Gain to Breakeven100.4%50.9%
  Time to Breakeven80 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-37.4%-19.2%
  % Gain to Breakeven59.8%23.8%
  Time to Breakeven863 days105 days
2014-2016 Oil Price Collapse
  % Loss-42.4%-6.8%
  % Gain to Breakeven73.5%7.3%
  Time to Breakeven365 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-43.9%-17.9%
  % Gain to Breakeven78.4%21.8%
  Time to Breakeven123 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-27.2%-15.4%
  % Gain to Breakeven37.4%18.2%
  Time to Breakeven74 days125 days
2008-2009 Global Financial Crisis
  % Loss-75.0%-53.4%
  % Gain to Breakeven299.5%114.4%
  Time to Breakeven361 days1085 days
Summer 2007 Credit Crunch
  % Loss-24.6%-8.6%
  % Gain to Breakeven32.7%9.5%
  Time to Breakeven1258 days47 days

Compare to AVNT, LYB, EMN, CE, DOW

In The Past

Cabot's stock fell -17.5% during the 2025 US Tariff Shock. Such a loss loss requires a 21.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Cabot (CBT)

Cabot Corporation (CBT) is a global leader in specialty chemicals and performance materials. The company develops, manufactures, and sells advanced materials that are critical components in a vast array of products, enhancing their durability, conductivity, color, and overall performance. Cabot operates through three main segments: Reinforcement Materials, Performance Chemicals, and Purification Solutions, serving diverse industries worldwide.

A significant portion of Cabot's business involves reinforcing carbons, primarily used in tires as a rubber reinforcing agent and in various industrial products like hoses and belts. Its Performance Chemicals segment offers specialty carbons for inks, coatings, plastics, and batteries, alongside masterbatch and conductive compounds vital for automotive, electronics, and packaging industries. This segment also produces fumed silica and alumina, key ingredients in adhesives, sealants, cosmetics, and polishing slurries, as well as aerogels for insulation.

Furthermore, Cabot provides comprehensive Purification Solutions, specializing in activated carbon products. These are essential for purifying water, air, food, beverages, and pharmaceuticals, ensuring safety and quality across numerous applications. The company also offers activated carbon injection services for utilities and carbon reactivation. Cabot distributes its broad product portfolio through a global network across the Americas, Europe, the Middle East, Africa, and the Asia Pacific region.

AI Analysis | Feedback

Cabot is like a specialized 'DuPont or BASF' focused on crucial chemical ingredients, particularly advanced carbons for stronger products and purification solutions for cleaner environments.

Imagine a '3M' dedicated to industrial materials, supplying specialty carbons that enhance product performance and activated carbons for critical purification needs.

AI Analysis | Feedback

  • Reinforcing Carbons: Used as a rubber reinforcing agent in tires and various industrial products like hoses and belts.
  • Engineered Elastomer Composites: Advanced composite materials designed for specific performance requirements.
  • Specialty Carbons: Utilized in inks, coatings, plastics, adhesives, toners, batteries, and displays.
  • Masterbatch and Conductive Compound Products: Materials that impart color, performance, or conductivity across many industries.
  • Inkjet Colorants: Pigments specifically formulated for inkjet printing applications.
  • Fumed Silica: A versatile additive for adhesives, sealants, cosmetics, batteries, and many other applications.
  • Fumed Alumina: Used in products such as inkjet media, lighting, coatings, and cosmetics.
  • Aerogel: A hydrophobic, silica-based particle used for thermal insulation and specialty chemical applications.
  • Activated Carbon Products: Used for the purification of water, air, food, beverages, and pharmaceuticals.

Services:

  • Activated Carbon Solutions: These services include activated carbon injection in utilities, mobile water filter units, and carbon reactivation.

AI Analysis | Feedback

Cabot Corporation (CBT) primarily sells its products to **other companies** (B2B model) across various industrial sectors. The provided background information describes the types of industries and applications that utilize Cabot's specialty chemicals and performance materials, rather than listing specific customer company names.

Based on the company description, Cabot's major customers are companies operating in the following categories:

  • Tire and Rubber Product Manufacturers: Companies that produce tires, hoses, belts, extruded profiles, and molded goods, which use Cabot's reinforcing carbons as a key additive.
  • Specialty Chemical, Plastics, Coatings, and Inks Manufacturers: Manufacturers that incorporate Cabot's specialty carbons, fumed silica, fumed alumina, and inkjet colorants into their products for applications such as inks, coatings, plastics, adhesives, toners, batteries, displays, cosmetics, and sealants.
  • Industrial and Consumer Goods Manufacturers: Businesses in sectors like automotive, industrial, packaging, infrastructure, agriculture, consumer products, and electronics industries that use Cabot's masterbatch and conductive compound products.
  • Water, Air, Food & Beverage Purification Industries and Utilities: Entities involved in the purification of water, air, food, beverages, and other liquids and gases, as well as coal-fired utilities utilizing activated carbon injection and mobile water filter units.

AI Analysis | Feedback

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AI Analysis | Feedback

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AI Analysis | Feedback

The key risks to Cabot Corporation's business include global economic fluctuations affecting demand, stringent environmental regulations and associated compliance costs, and volatility in raw material and energy prices coupled with supply chain disruptions.

  1. Global Economic Fluctuations and Demand Volatility: Cabot Corporation's performance is closely tied to global economic conditions, which can lead to reduced demand for its industrial products, impacting sales volumes and profitability. Economic downturns and trade tensions, particularly between the U.S. and China, pose a threat to the company's financial performance. The Reinforcement Materials segment, which produces carbon black for tires, is particularly susceptible to regional demand trends influenced by factors such as elevated Asian tire imports into Western markets. The Performance Chemicals segment also experiences soft demand across key end markets like construction and consumer applications during periods of economic uncertainty.
  2. Environmental Regulations and Compliance Costs: As a significant manufacturer of carbon black, Cabot Corporation faces strict and evolving environmental, health, and safety regulations. The company has a history of incurring substantial costs for compliance and has previously faced large fines and orders to invest heavily in pollution control equipment due to alleged violations of air quality standards. Ongoing investments in necessary technology controls to comply with enhanced environmental regulations contribute to increased operating costs. Additionally, regulatory and financial risks related to climate change developments are identified as important factors that could materially affect results.
  3. Raw Material and Energy Price Volatility, and Supply Chain Disruptions: Cabot's operations involve the purchase of commoditized raw materials and require significant energy. Consequently, the company is exposed to volatility in the price and availability of these inputs, as well as fluctuating energy costs. While Cabot benefits from long-term volume agreements with formula-based pricing mechanisms to help insulate its business from raw material volatility, these factors remain a significant concern. Supply chain disruptions, including those stemming from geopolitical conflicts such as the Middle East conflict and the Russian invasion of Ukraine, can also necessitate price increases and surcharges, affecting operational stability and costs.

AI Analysis | Feedback

The ongoing global energy transition away from coal-fired power generation poses a clear threat to Cabot's Purification Solutions segment, specifically its activated carbon solutions for activated carbon injection in coal-fired utilities, as demand for these products will diminish with the decommissioning of coal plants.

AI Analysis | Feedback

The addressable markets for Cabot Corporation's main products and services are sized globally as follows:
  • Reinforcement Materials (Reinforcing Carbons/Carbon Black): The global carbon black market size was estimated at USD 24.5 billion in 2025.
  • Performance Chemicals:
    • Specialty Carbons (Specialty Carbon Black): The global specialty carbon black market size accounted for USD 3.52 billion in 2025.
    • Masterbatch: The global masterbatch market size is projected to be USD 12.41 billion in 2025.
    • Conductive Compound Products: The global conductive compounds market size is predicted to grow from US$ 10.94 billion in 2025.
    • Inkjet Colorants: The global inkjet colorants market size is estimated at USD 4.87 billion in 2025.
    • Fumed Silica: The global fumed silica market size is expected to be valued at USD 2.14 billion in 2025.
    • Fumed Alumina: The global fumed alumina market size was valued at USD 1.6 billion in 2023.
    • Aerogel: The global aerogel market size is projected to reach USD 1.3 billion in 2025.
  • Purification Solutions (Activated Carbon): The global activated carbon market size was valued at USD 5.62 billion in 2025.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Cabot Corporation (CBT) over the next 2-3 years:

  1. Growth in Battery Materials: Cabot anticipates significant revenue growth from its Battery Materials product line, driven by the rapidly expanding electric vehicle (EV) market and Battery Energy Storage Systems (BESS) applications. The company's Battery Materials product line achieved 39% year-over-year revenue growth in Q1 fiscal 2026. The BESS market, fueled by the demand for clean energy and the proliferation of AI-enabled data centers, is projected to grow at a compound annual growth rate of approximately 26% through 2030 and is expected to account for 30% of global battery demand by then. Cabot has also secured a multi-year supply agreement with PowerCo SE for lithium-ion battery applications, further solidifying its position in the EV supply chain.
  2. Recovery in Reinforcement Materials (Tire Production): Cabot expects a return to growth for domestic tire production in western regions during calendar years 2026 and 2027. This recovery is anticipated to be bolstered by effective tariffs and anti-dumping duties, which aim to moderate import levels, as well as an improvement in demand from delayed tire replacement cycles. Efforts by global tire manufacturers to leverage their Tier 2 brands are also expected to support increased domestic tire production.
  3. GDP-Plus Growth in Performance Chemicals for Consumer and Infrastructure Applications: The Performance Chemicals segment is projected to experience growth driven by GDP-plus increases in consumer and infrastructure applications, as demand recovers from previous lows. Factors such as potential interest rate cuts, easing inflation, and improving consumer confidence could stimulate pent-up demand in consumer durables, benefiting Cabot's specialty carbons, specialty compounds, fumed silicas, and aerogel materials used in these markets.
  4. Strategic Investments and Innovation: Cabot's "Creating for Tomorrow" strategy emphasizes strategic investments and innovation in product and process development to foster advantaged growth. The company is making strategic investments in key regions like Indonesia and China, which are expected to contribute to future growth. This focus on high-growth vectors and differentiated technology is a core component of Cabot's long-term value creation strategy.

AI Analysis | Feedback

Share Repurchases

  • Cabot repurchased $168 million of shares in fiscal year 2025, $172 million in fiscal year 2024, and $98 million in fiscal year 2023.
  • In December 2024, the Board of Directors authorized the repurchase of up to ten million additional shares, increasing the total available for repurchase to approximately eleven million shares with no time limit.
  • The company has steadily reduced its shares outstanding from approximately 57 million in fiscal year 2021 to 54 million in fiscal year 2025.

Share Issuance

  • The number of issued shares was approximately 53.0 million in fiscal year 2025 and 54.4 million in fiscal year 2024.
  • The weighted-average number of shares of common stock outstanding for equity awards was 56.5 million in fiscal 2022, 56.1 million in fiscal 2023, and 55.1 million in fiscal 2024.

Outbound Investments

  • In March 2022, Cabot completed the acquisition of Tokai Carbon (Tianjin) Co., Ltd in China for $9 million, expanding its manufacturing capacity for battery materials and carbon black.
  • Cabot announced and completed the acquisition of Bridgestone Corporation's reinforcing carbons plant in Mexico (completed in February 2026), enhancing its Reinforcement Materials segment and regional presence.

Capital Expenditures

  • Capital expenditures were $274 million in fiscal year 2025, $241 million in 2024, and $244 million in 2023.
  • Cabot anticipates capital expenditures of $200-$250 million for fiscal year 2026, focusing on strategic initiatives including growth investments for new capacity in Indonesia (Reinforcement Materials) and battery materials.
  • The company invests to enhance the reliability, efficiency, and sustainability of its asset base.

Better Bets vs. Cabot (CBT)

Peer Outperformance in Diversified Chemicals

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Share of Diversified Chemicals constituents that CBT has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
—
insufficient peer history
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Materials sector, ranked by 5Y. Diversified Chemicals is CBT's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Steel 13 18.6%32.5%170.5% STLD 326% · NWPX 293% · FRD 278%
Copper 7 62.9%113.8%162.5% TGB 337% · SCCO 322% · HBM 298%
Gold 35 6.7%192.1%139.9% IAG 630% · CNL 517% · OGC 423%
Silver 6 40.2%319.9%131.6% AYA 274% · HL 204% · SVM 167%
Aluminum 3 28.3%151.7%66.3% CENX 151% · KALU 66% · AA -3%
Construction Materials 7 -27.4%14.3%43.7% USLM 377% · CRH 85% · VMC 45%
Diversified Metals & Mining 23 -55.6%-10.6%14.4% ATLX 171329% · USAR 44296% · FMST 515%
Metal, Glass & Plastic Containers 11 -11.6%-1.0%-5.5% KRT 255% · MYE 76% · GEF 42%
Paper & Plastic Packaging Products & Materials 7 7.9%5.2%-9.5% PKG 89% · CCK 9% · SON -5%
Specialty Chemicals 41 12.8%4.6%-17.1% ODC 465% · NEU 183% · FSI 105%
Diversified Chemicals ← 4 -0.1%-22.2%-31.3% CBT 62% · ASH -16% · CC -47%
Commodity Chemicals 12 0.3%-14.7%-35.5% HWKN 274% · KOP 37% · MEOH 31%
Precious Metals & Minerals 8 -2.2%163.3%-39.2% ASM 548% · PPTA 325% · MTA 23%
Fertilizers & Agricultural Chemicals 10 -41.5%-52.6%-61.7% CF 108% · NTR 18% · IPI -6%
Paper Products 4 -33.5%-55.4%-73.0% SLVM 38% · CLW -50% · ITP -96%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CBTAVNTLYBEMNCEDOWMedian
NameCabot Avient Lyondell.Eastman .Celanese Dow  
Mkt Price75.4141.0058.5163.2444.1528.1251.33
Mkt Cap3.93.818.97.24.820.36.0
Rev LTM3,6343,33231,1928,8659,71241,3199,288
Op Inc LTM4933152,2718758181,525846
FCF LTM2811911,5785397081,599624
FCF 3Y Avg3431671,533517822539528
CFO LTM4972992,9739919843,866988
CFO 3Y Avg5912813,2451,1031,2103,2381,157

Growth & Margins

CBTAVNTLYBEMNCEDOWMedian
NameCabot Avient Lyondell.Eastman .Celanese Dow  
Rev Chg LTM-4.7%2.4%-1.7%-4.5%-2.2%-1.2%-2.0%
Rev Chg 3Y Avg-3.8%0.5%-8.6%-3.3%-1.9%-5.5%-3.5%
Rev Chg Q6.4%5.8%19.8%9.9%8.7%19.7%9.3%
QoQ Delta Rev Chg LTM1.7%1.5%5.1%2.6%2.3%5.1%2.5%
Op Inc Chg LTM-22.2%21.3%37.8%-34.6%-10.1%115.4%5.6%
Op Inc Chg 3Y Avg-1.2%26.6%-5.6%-6.0%-4.3%5.9%-2.7%
Op Mgn LTM13.6%9.5%7.3%9.9%8.4%3.7%8.9%
Op Mgn 3Y Avg15.2%8.4%7.4%12.0%9.4%3.3%8.9%
QoQ Delta Op Mgn LTM-2.2%0.4%4.0%0.2%0.4%3.4%0.4%
CFO/Rev LTM13.7%9.0%9.5%11.2%10.1%9.4%9.8%
CFO/Rev 3Y Avg15.5%8.7%10.6%12.1%11.9%7.7%11.3%
FCF/Rev LTM7.7%5.7%5.1%6.1%7.3%3.9%5.9%
FCF/Rev 3Y Avg9.0%5.1%5.0%5.7%8.1%1.3%5.4%

Valuation

CBTAVNTLYBEMNCEDOWMedian
NameCabot Avient Lyondell.Eastman .Celanese Dow  
Mkt Cap3.93.818.97.24.820.36.0
P/S1.11.10.60.80.50.50.7
P/Op Inc7.911.98.38.35.913.38.3
P/EBIT8.011.739.09.5-12.1-158.98.8
P/E20.522.1-53.516.4-4.1-15.76.1
P/CFO7.812.66.47.34.95.36.8
Total Yield7.4%7.2%5.2%11.4%-24.0%-1.4%6.2%
Dividend Yield2.5%2.7%7.1%5.3%0.3%5.0%3.8%
FCF Yield 3Y Avg7.4%4.5%6.7%5.8%11.9%0.6%6.2%
D/E0.30.50.80.72.61.00.7
Net D/E0.30.40.60.62.30.80.6

Returns

CBTAVNTLYBEMNCEDOWMedian
NameCabot Avient Lyondell.Eastman .Celanese Dow  
1M Rtn-7.4%-4.9%-7.9%-10.0%-1.2%-4.5%-6.2%
3M Rtn-8.5%15.5%6.1%-4.3%-6.6%-2.0%-3.1%
6M Rtn-0.1%12.2%-19.5%-12.8%-30.7%-26.8%-16.2%
12M Rtn5.2%32.3%26.6%6.5%3.9%31.1%16.5%
3Y Rtn17.4%32.4%-21.4%-3.2%-62.2%-33.5%-12.3%
1M Excs Rtn-7.8%-4.8%-11.1%-10.7%-2.5%-6.6%-7.2%
3M Excs Rtn-14.7%11.3%3.3%-8.1%-8.7%-3.7%-5.9%
6M Excs Rtn-15.2%-2.8%-34.5%-27.8%-45.8%-42.1%-31.2%
12M Excs Rtn-13.4%14.1%12.0%-11.5%-15.9%10.0%-0.7%
3Y Excs Rtn-63.9%-53.9%-105.8%-87.1%-145.0%-117.8%-96.5%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Reinforcement Materials2,3412,6102,5632,6731,838
Performance Chemicals1,2501,2501,2251,3881,156
Unallocated and other122134143163158
Purification Solutions   97257
Total3,7133,9943,9314,3213,409


Operating Income by Segment
$ Mil20062004200320022001
Carbon Black105    
Supermetals Business4177109  
Metal Oxides18    
Specialty Fluids166-32 
Chemical Businesses 13288101121
Other -51   
Performance Materials   7978
Total180164194182199


Assets by Segment
$ Mil20252024202320222021
Reinforcement Materials1,8221,7511,6321,6911,421
Performance Chemicals1,5001,4941,4731,4581,325
Unallocated and other493491499376277
Purification Solutions   0283
Total3,8153,7363,6043,5253,306


Price Behavior

Price Behavior
Market Price$75.41 
Market Cap ($ Bil)3.9 
First Trading Date11/05/1980 
Distance from 52W High-18.8% 
   50 Days200 Days
DMA Price$81.95$78.37
DMA Trendupdown
Distance from DMA-8.0%-3.8%
 3M1YR
Volatility29.8%32.9%
Downside Capture57.3572.62
Upside Capture-0.2665.16
Correlation (SPY)-8.3%22.8%
CBT Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.27-0.43-0.190.540.580.86
Up Beta-3.14-2.87-2.63-0.53-0.200.75
Down Beta3.093.400.491.220.990.76
Up Capture-6%-46%6%60%55%77%
Bmk +ve Days6162766132424
Stock +ve Days6152560124361
Down Capture125%72%105%91%80%102%
Bmk -ve Days16263760120328
Stock -ve Days16263865127386

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CBT
CBT2.3%33.0%0.10-
Sector ETF (XLB)10.6%18.0%0.4148.4%
Equity (SPY)16.8%13.0%0.9222.9%
Gold (GLD)3.2%29.5%0.119.7%
Commodities (DBC)44.6%20.9%1.66-7.3%
Real Estate (VNQ)1.6%13.7%-0.1323.8%
Bitcoin (BTCUSD)-31.7%44.2%-0.737.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CBT
CBT10.3%33.8%0.34-
Sector ETF (XLB)6.0%19.1%0.2066.5%
Equity (SPY)13.8%17.1%0.6253.4%
Gold (GLD)18.4%18.9%0.798.0%
Commodities (DBC)10.3%19.6%0.4011.7%
Real Estate (VNQ)0.8%18.8%-0.0749.5%
Bitcoin (BTCUSD)15.5%52.2%0.4622.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CBT
CBT6.3%35.4%0.27-
Sector ETF (XLB)9.7%20.7%0.4171.9%
Equity (SPY)15.5%17.9%0.7360.9%
Gold (GLD)11.5%16.4%0.575.0%
Commodities (DBC)8.4%18.1%0.3824.4%
Real Estate (VNQ)4.2%20.7%0.1652.6%
Bitcoin (BTCUSD)64.0%66.2%1.0414.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity4.7 Mil
Short Interest: % Change Since 83120262.1%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest12.8 days
Basic Shares Quantity51.6 Mil
Short % of Basic Shares9.0%

Earnings Returns History

Updated 9/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/3/2026-8.5%-3.5%-9.5%
5/5/20264.4%7.1%5.8%
2/3/202610.4%6.3%4.4%
11/3/2025-7.1%-7.3%-2.0%
8/4/20258.7%2.8%9.7%
5/6/20250.7%5.4%4.0%
2/4/2025-1.1%-2.5%-4.2%
11/4/2024-1.1%5.8%-1.9%
...
SUMMARY STATS   
# Positive161717
# Negative877
Median Positive5.1%6.3%8.0%
Median Negative-3.4%-2.5%-3.7%
Max Positive16.4%16.0%33.9%
Max Negative-8.5%-7.3%-9.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/3/2026-8.5%-3.5%-9.5%
5/5/20264.4%7.1%5.8%
2/3/202610.4%6.3%4.4%
11/3/2025-7.1%-7.3%-2.0%
8/4/20258.7%2.8%9.7%
5/6/20250.7%5.4%4.0%
2/4/2025-1.1%-2.5%-4.2%
11/4/2024-1.1%5.8%-1.9%
8/5/202416.4%9.5%16.9%
5/6/20245.3%6.5%3.1%
2/5/20247.9%15.0%21.2%
11/6/20238.3%11.8%16.9%
8/7/20231.8%2.9%5.0%
5/8/2023-3.5%-1.8%8.0%
2/9/20231.9%9.7%1.7%
11/8/2022-6.8%3.8%3.7%
8/8/2022-3.4%5.5%-2.3%
5/2/20224.9%-0.8%12.4%
1/31/202213.1%16.0%33.9%
11/8/2021-2.6%-1.2%-3.9%
8/9/20210.7%2.4%-3.7%
5/4/20216.1%7.3%12.6%
2/1/20210.3%4.2%8.8%
11/23/20201.7%-5.2%1.4%
SUMMARY STATS   
# Positive161717
# Negative877
Median Positive5.1%6.3%8.0%
Median Negative-3.4%-2.5%-3.7%
Max Positive16.4%16.0%33.9%
Max Negative-8.5%-7.3%-9.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/04/202610-Q
03/31/202605/06/202610-Q
12/31/202502/04/202610-Q
09/30/202511/24/202510-K
06/30/202508/05/202510-Q
03/31/202505/07/202510-Q
12/31/202402/06/202510-Q
09/30/202411/20/202410-K
06/30/202408/06/202410-Q
03/31/202405/09/202410-Q
12/31/202302/08/202410-Q
09/30/202311/22/202310-K
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202202/09/202310-Q
09/30/202211/23/202210-K
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/04/202610-Q
03/31/202605/06/202610-Q
12/31/202502/04/202610-Q
09/30/202511/24/202510-K
06/30/202508/05/202510-Q
03/31/202505/07/202510-Q
12/31/202402/06/202510-Q
09/30/202411/20/202410-K
06/30/202408/06/202410-Q
03/31/202405/09/202410-Q
12/31/202302/08/202410-Q
09/30/202311/22/202310-K
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202202/09/202310-Q
09/30/202211/23/202210-K
06/30/202208/08/202210-Q
03/31/202205/09/202210-Q
12/31/202102/04/202210-Q
09/30/202111/29/202110-K
06/30/202108/09/202110-Q
03/31/202105/05/202110-Q
12/31/202002/05/202110-Q
09/30/202011/25/202010-K
06/30/202008/10/202010-Q
03/31/202005/11/202010-Q
12/31/201902/06/202010-Q
09/30/201911/22/201910-K

Recent Forward Guidance

Updated 10/4/2026

Latest: Q3 2026 Earnings Reported 8/3/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Battery Materials EBITDAReported 40.00 Mil    
2026 Operating Tax RateReported28.0%29.0%30.0% 1.0%RaisedGuidance: 28.0% for 2026
2026 Adjusted EPSReported6.156.36.450.8% RaisedGuidance: 6.25 for 2026


Prior: Q2 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Annualized Fixed Cost SavingsReported 22.00 Mil    
2026 Operating Tax RateReported27.0%28.0%29.0% 0.0%AffirmedGuidance: 28.0% for 2026
2026 Adjusted EPSReported66.256.5  AffirmedGuidance: 6.25 for 2026

Q1 2026 Earnings Reported 2/3/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Operating Tax RateReported27.0%28.0%29.0% 0.0%AffirmedGuidance: 28.0% for 2026
2026 Adjusted EPSReported66.256.5-3.8% LoweredGuidance: 6.5 for 2026

Q4 2025 Earnings Reported 11/3/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Operating Tax RateReported27.0%28.0%29.0% 0.0%Same NewGuidance: 28.0% for 2025
2026 Adjusted EPSReported66.57-11.3% Lower NewGuidance: 7.33 for 2025

Insider Activity

Updated 10/1/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Keohane, Sean DPresident and CEODirectSell831202685.00134,89511,466,07534,351,390Form
2Keohane, Sean DPresident and CEODirectSell826202685.502,779237,60424,698,642Form
3Keohane, Sean DPresident and CEODirectSell811202686.4191,9237,942,63434,919,320Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Keohane, Sean DPresident and CEODirectSell831202685.00134,89511,466,07534,351,390Form
2Keohane, Sean DPresident and CEODirectSell826202685.502,779237,60424,698,642Form
3Keohane, Sean DPresident and CEODirectSell811202686.4191,9237,942,63434,919,320Form

Investor Activity (13F)

Updated Oct 8, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Lightrock Netherlands B.V.$30.7 Mil6.6%39TRIM -7.8%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Lightrock Netherlands B.V.$30.7 Mil6.6%39TRIM -7.8%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Lightrock Netherlands B.V.$30.7 Mil6.6%39TRIM -7.8%13F
Core Cache Last Updated: 10/7/2026