Tearsheet

Hudson Technologies (HDSN)

Market Price (12/4/2025): $7.65 | Market Cap: $333.9 Mil
Sector: Materials | Industry: Specialty Chemicals

Hudson Technologies (HDSN)

Market Price (12/4/2025): $7.65
Market Cap: $333.9 Mil
Sector: Materials
Industry: Specialty Chemicals

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 10%	Weak multi-year price returns 2Y Excs Rtn is -88%, 3Y Excs Rtn is -102%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.0%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -19%		Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 53%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%
3	Low stock price volatility Vol 12M is 47%
4	Megatrend and thematic drivers Megatrends include Circular Economy & Recycling, Electrification of Everything, and Sustainable & Green Buildings. Themes include Advanced Recycling Technologies, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 10%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -19%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%
3	Low stock price volatility Vol 12M is 47%
4	Megatrend and thematic drivers Megatrends include Circular Economy & Recycling, Electrification of Everything, and Sustainable & Green Buildings. Themes include Advanced Recycling Technologies, Show more.
5	Weak multi-year price returns 2Y Excs Rtn is -88%, 3Y Excs Rtn is -102%
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.0%
7	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 53%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$7.65	$5.58	$13.49	$10.12	$4.44
Market Cap CYE ($ Mil)	333.9	250.3	613.8	457.0	196.8
Total Debt ($ Mil)	5.5	6.9	6.7	50.7	100.3
Total Cash ($ Mil)	89.7	70.1	12.4	5.3	3.5
Enterprise Value ($ Mil)	249.8	257.2	620.5	507.7	297.1
Valuation Ratios
P/S TTM	1.8	1.1	2.1	1.4	1.0
P/EBIT TTM	17.9	8.6	7.8	3.5	4.3
P/E TTM	19.1	10.4	11.7	4.4	6.0
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$7.65	$5.58	$13.49
Market Cap CYE ($ Mil)	333.9	250.3	613.8
Total Debt ($ Mil)	5.5	6.9	6.7
Total Cash ($ Mil)	89.7	70.1	12.4
Enterprise Value ($ Mil)	249.8	257.2	620.5
Valuation Ratios
P/S TTM	1.8	1.1	2.1
P/EBIT TTM	17.9	8.6	7.8
P/E TTM	19.1	10.4	11.7
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	HDSN	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	0.2
Rev Chg Q	19.5%	7.1%
Rev Chg LTM	-4.2%	6.1%
Rev Chg 3Y Avg	-9.0%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	11.2%	18.8%
CFO/Rev LTM	21.1%	20.5%
Net Inc Mgn	9.6%	13.1%
VALUATION	LOW
P/S	1.8	3.2
P/CFO	8.7	15.8
P/FCF	9.7	20.5
P/E	19.1	23.5
STABILITY	VERY GOOD
Debt/Equity	0.01	0.20
Cash/Assets	0.26	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Refrigerant Reclamation Volume Growth	19% increase	12312024	Link
Refrigerant Sales Volume Growth	18% year-over-year increase	9302025	Link
Nationwide HFC Inventory Level Change	18% decline	12312024	Link
Cylinders Handled Annually	>300,000	6302025	Link
U.S. Defense Logistics Agency Contract Value (Base Period)	$210,000,000	1152025	Link

Upcoming
3/05/2026	Earnings Release	Rev: - EPS: -

HDSN Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are the key points highlighting why Hudson Technologies (HDSN) stock moved by approximately -24.8% from August 31, 2025, to December 4, 2025: 1. Abrupt Leadership Change: On November 4, 2025, Hudson Technologies' shares fell by 7.8% after the company announced the immediate resignation of its Chairman and Chief Executive Officer, Brian Coleman. This sudden leadership vacuum created uncertainty among investors, overshadowing otherwise strong preliminary third-quarter financial results.

2. Negative Forecast for Next Year's Earnings: Despite reporting better-than-expected third-quarter 2025 earnings, analysts projected a significant decrease in Hudson Technologies' earnings for the following year. Earnings per share are expected to decline by -25.45%, from $0.55 to $0.41 per share, which likely contributed to a bearish outlook.

Stock Movement Drivers

Fundamental Drivers

The -25.3% change in HDSN stock from 9/3/2025 to 12/3/2025 was primarily driven by a -40.3% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	10.23	7.64	-25.32%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	224.78	236.85	5.37%
Net Income Margin (%)	8.08%	9.60%	18.77%
P/E Multiple	24.57	14.67	-40.29%
Shares Outstanding (Mil)	43.63	43.65	-0.05%
Cumulative Contribution			-25.32%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
HDSN	-25.3%
Market (SPY)	6.2%	38.1%
Sector (XLB)	-2.2%	29.0%

Fundamental Drivers

The 6.0% change in HDSN stock from 6/4/2025 to 12/3/2025 was primarily driven by a 24.0% change in the company's Net Income Margin (%).

	6042025	12032025	Change
Stock Price ($)	7.21	7.64	5.96%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	227.21	236.85	4.24%
Net Income Margin (%)	7.74%	9.60%	24.03%
P/E Multiple	18.07	14.67	-18.80%
Shares Outstanding (Mil)	44.06	43.65	0.92%
Cumulative Contribution			5.95%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
HDSN	6.0%
Market (SPY)	15.1%	32.5%
Sector (XLB)	1.6%	24.2%

Fundamental Drivers

The 27.8% change in HDSN stock from 12/3/2024 to 12/3/2025 was primarily driven by a 66.8% change in the company's P/E Multiple.

	12032024	12032025	Change
Stock Price ($)	5.98	7.64	27.76%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	247.33	236.85	-4.24%
Net Income Margin (%)	12.49%	9.60%	-23.16%
P/E Multiple	8.79	14.67	66.82%
Shares Outstanding (Mil)	45.44	43.65	3.93%
Cumulative Contribution			27.56%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
HDSN	27.8%
Market (SPY)	14.3%	41.4%
Sector (XLB)	-4.3%	39.3%

Fundamental Drivers

The -33.1% change in HDSN stock from 12/4/2022 to 12/3/2025 was primarily driven by a -71.1% change in the company's Net Income Margin (%).

	12042022	12032025	Change
Stock Price ($)	11.42	7.64	-33.10%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	315.56	236.85	-24.94%
Net Income Margin (%)	33.25%	9.60%	-71.13%
P/E Multiple	4.91	14.67	199.04%
Shares Outstanding (Mil)	45.06	43.65	3.13%
Cumulative Contribution			-33.17%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
HDSN	-38.1%
Market (SPY)	53.2%	29.5%
Sector (XLB)	11.8%	31.4%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
HDSN Return	12%	307%	128%	33%	-59%	31%	648%
Peers Return	19%	41%	-40%	6%	21%	13%	46%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
HDSN Win Rate	50%	92%	58%	50%	17%	70%
Peers Win Rate	53%	62%	35%	47%	48%	46%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
HDSN Max Drawdown	-41%	-4%	-24%	-25%	-61%	-6%
Peers Max Drawdown	-52%	-4%	-55%	-29%	-32%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: FUL, GEVO, FSI, LOOP, SHW.
[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] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	HDSN	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-38.4%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	62.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	42 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-42.0%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	72.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	84 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-96.7%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	2945.2%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	998 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-74.2%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	288.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1250 days	1480 days

Compare to FUL, GEVO, FSI, LOOP, SHW

In The Past

Hudson Technologies's stock fell -38.4% during the 2022 Inflation Shock from a high on 8/25/2022. A -38.4% loss requires a 62.4% gain to breakeven.

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About Hudson Technologies (HDSN)

Hudson Technologies, Inc. a refrigerant services company, provides solutions to recurring problems within the refrigeration industry primarily in the United States. The company's products and services include refrigerant and industrial gas sales; refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination to remove moisture, oils, and other contaminants. It also offers SmartEnergy OPS service, a web-based real time continuous monitoring service for facility's refrigeration systems and other energy systems applications; and Chiller Chemistry and Chill Smart services. In addition, the company participates in the generation of carbon offset projects. It serves commercial, industrial, and governmental customers, as well as refrigerant wholesalers, distributors, contractors, and refrigeration equipment manufacturers. Hudson Technologies, Inc. was incorporated in 1991 and is headquartered in Woodcliff Lake, New Jersey.

AI Generated Analysis | Feedback

Here are 1-2 brief analogies for Hudson Technologies (HDSN):

Linde for recycled refrigerants.
Clean Harbors for refrigerants, focused on purification and reuse.

AI Generated Analysis | Feedback

Refrigerant Sales: Sells a variety of refrigerants, including reclaimed and virgin fluorocarbon, hydrofluorocarbon (HFC), and hydrochlorofluorocarbon (HCFC) refrigerants.
Refrigerant Management Services: Provides services such as on-site recovery of refrigerants, laboratory testing, and management of refrigerant cylinders for customers.
Refrigerant Reclamation: Reclaims used refrigerants to industry specifications, allowing for their reuse and reducing environmental impact.
Refrigerant Gas Analysis: Offers analytical services to test and verify the purity and composition of refrigerants.

AI Generated Analysis | Feedback

Hudson Technologies (HDSN) primarily sells its products and services to other companies and governmental entities (B2B model) within the commercial and industrial HVACR (heating, ventilation, air conditioning, and refrigeration) industry.

The company serves a broad and fragmented customer base, and as such, it does not publicly disclose specific major customer companies by name in its filings or investor materials. Hudson Technologies states that no single customer accounts for a material portion of its revenues, indicating a diverse customer portfolio rather than reliance on a few large buyers.

However, Hudson Technologies' customer categories include:

Commercial and Industrial End-Users: Businesses and organizations that operate large-scale HVACR systems in their facilities. This includes a wide range of sectors such as office buildings, hospitals, schools, supermarkets, data centers, manufacturing plants, and other commercial and industrial facilities that require refrigerants for cooling and climate control.
HVACR Contractors: Companies specializing in the installation, maintenance, and repair of refrigeration and air conditioning systems. These contractors purchase refrigerants and related services (like recovery and reclamation) from Hudson Technologies for their various projects and service contracts.
Governmental Entities: Various federal, state, and local government agencies and institutions that require refrigerants and services for their HVACR infrastructure in government buildings, military bases, and public facilities.
Refrigerant Wholesalers and Distributors: Companies that procure refrigerants in bulk from suppliers like Hudson Technologies and then distribute them to smaller contractors and end-users through their supply chains.

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

Brian F. Coleman, Chairman of the Board, President and Chief Executive Officer

Brian Coleman has been Chairman of the Board, President and Chief Executive Officer of Hudson Technologies since June 2020. Prior to this, he served as President and Chief Operating Officer of the company from August 2001 to May 2020, and as Chief Financial Officer from May 1997 until December 2002. Before joining Hudson Technologies in May 1997, Mr. Coleman was employed by BDO USA, P.C., the company's independent auditors, from June 1987 to May 1997, becoming a partner from July 1995 to May 1997. He also serves as President & Chief Operating Officer of ASPEN Refrigerants, Inc., a subsidiary of Hudson Technologies.

Brian J. Bertaux, Chief Financial Officer

Brian Bertaux assumed the role of Chief Financial Officer in August 2024. He brings 20 years of experience from Trex, an NYSE-traded company, where he held various positions including Senior Director, Finance and Strategy, and interim President of Trex Commercial Products. During his tenure at Trex, the company's annual revenue increased from $100 million to $900 million. More recently, Mr. Bertaux was Vice President, Finance for vonDrehle Corporation, which was acquired by Marcal Paper in December 2022. He also served as Chief Financial Officer for Brown Haven Homes from 2023 to 2024. Mr. Bertaux is a Certified Public Accountant (CPA) and a Certified Treasury Professional (CTP).

Kathleen L. Houghton, Senior Vice President- Sales and Marketing

Kathleen L. Houghton has been Senior Vice President- Sales and Marketing since 2023 and an executive officer since 2020, having joined Hudson Technologies in 2014 as Director of Marketing. She has also served as a Director of the Company since October 2023. Ms. Houghton has over 30 years of experience in industrial manufacturing companies, including 16 years with Kidde-Fenwal/United Technologies where she was Director of Marketing, Global Suppression. Her previous roles also include Vice President of Marketing at C & M Corporation and Vice President of Sales & Marketing at Safety Hi-Tech USA.

Marcos G. Decheona, Vice President of Operations

Marcos G. Decheona serves as the Vice President of Operations for Hudson Technologies. His background includes roles as VP/Director of Operations and General Manager in various industries. He spent 9 years in HVAC Controls/Services with JCI and Schneider Electric, and 10 years in Engineered Transmission Line Tower manufacturing with Valmont & Sabre Industries. He also has experience with Operational Excellence (Lean Manufacturing) Consulting in diverse industrial manufacturing environments.

Loan N. Mansy, Director and Executive Officer

Loan N. Mansy has been a Director of Hudson Technologies since September 2022 and serves as an executive officer. She has over 30 years of experience as a business leader in the chemical and waste management industries. Prior to her current roles, she served as President (2023) and Executive Vice President — Sales & Service (2019-2023) at Clean Harbors, Inc., a hazardous waste management company. From 2017 to 2019, she was Area President of Republic Services, Inc., a provider of non-hazardous solid waste management services. Ms. Mansy also held managerial positions at Akzo Nobel N.V., Eastman Chemical Company, Solutia Inc., and Monsanto Chemical Co.

AI Generated Analysis | Feedback

The accelerating global adoption of natural refrigerants (such as CO2, ammonia, and hydrocarbons) in various refrigeration and air conditioning applications. Hudson Technologies' core business and established infrastructure are primarily focused on the reclamation, management, and destruction of fluorocarbon refrigerants (HCFCs and HFCs). Natural refrigerants typically have different handling, regulatory, and lifecycle management requirements, and in many cases, are not subject to the same reclamation and reuse cycles as fluorocarbons. As the industry increasingly transitions to these alternative refrigerants due to environmental regulations and sustainability goals, the addressable market for HDSN's traditional fluorocarbon-centric services could gradually diminish, challenging their established business model and infrastructure specialization.

AI Generated Analysis | Feedback

Hudson Technologies (HDSN) primarily operates within the refrigerant and refrigerant services market, serving the Heating, Ventilation, Air Conditioning, and Refrigeration (HVACR) industry. Their main products and services include refrigerant sales, refrigerant reclamation, refrigerant management services, and on-site services for HVACR systems.

The addressable markets for Hudson Technologies' main products and services can be sized as follows:

Global Refrigerant Market: The global refrigerants market size was valued at approximately USD 26.11 billion in 2024 and is projected to reach USD 47.98 billion by 2032. Other estimates place the global market at USD 28.86 billion in 2024, expected to reach USD 53.02 billion by 2032.
U.S. Refrigerant Market: The U.S. refrigerants market is currently valued at approximately USD 5.1 billion. In 2022, the market size was USD 5.02 billion and is projected to grow significantly, reaching an estimated value of USD 11.98 billion by 2032.

AI Generated Analysis | Feedback

Hudson Technologies (HDSN) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

Increased Sales Volume: The company's revenue growth in the third quarter of 2025 was attributed to increased sales volume, a trend anticipated to continue and contribute to overall revenue expansion. Analysts also project overall revenue growth for Hudson Technologies, suggesting a sustained increase in sales volume.
Higher Average Selling Prices of Refrigerants: Elevated average selling prices for refrigerants significantly contributed to Hudson Technologies' revenue growth and improved gross margins in Q3 2025. The ongoing HFC phase-down under the AIM Act is a long-term catalyst expected to tighten supply and consequently drive refrigerant prices upward, although a complete supply-demand equilibrium may not materialize until around 2029.
Growth in Refrigerant Reclamation Activity: Hudson Technologies' reclamation activities grew in line with the industry, increasing by 19% in 2024. The AIM Act is expected to further accelerate reclamation efforts, positioning this segment as a significant contributor to future revenue.
U.S. Defense Logistics Agency (DLA) Contract: The company secured a new five-year indefinite delivery, indefinite quantity contract with the U.S. Defense Logistics Agency, valued at $210 million, with an option for a five-year renewal. This contract provides substantial revenue visibility and stability.
Organic and Inorganic Growth Opportunities: Hudson Technologies is strategically pursuing both organic growth and inorganic opportunities, including mergers and acquisitions (M&A) and service expansion. The 2024 acquisition of USA Refrigerants exemplifies the company's inorganic growth strategy aimed at enhancing its recovery and reclamation capabilities.

AI Generated Analysis | Feedback

Share Repurchases

Hudson Technologies' board of directors approved an increase to the share repurchase program on October 25, 2024, authorizing up to an additional $10 million in shares for each of the years 2024 and 2025, totaling $20 million.
The company repurchased $1.3 million of common stock in Q3 2025, bringing the total repurchases year-to-date in 2025 to $5.8 million.
In Q2 2025, Hudson Technologies repurchased $2.7 million of stock.

Share Issuance

No significant dollar amount of share issuances by the company was identified within the specified period.

Inbound Investments

No large inbound investments made in the company by third-parties were identified within the specified period.

Outbound Investments

On June 7, 2024, Hudson Technologies acquired substantially all the assets of USA United Suppliers of America, Inc. d/b/a USA Refrigerants for $20.7 million, including potential earn-out payments up to an additional $2 million.
The company's capital allocation strategy includes pursuing acquisition opportunities that strengthen its capabilities or enhance its footprint.

Capital Expenditures

Capital expenditures were -$5.49 million in the last 12 months as of November 6, 2025.
The company's capital allocation strategy includes investing in organic growth.

Better Bets than Hudson Technologies (HDSN)

	HDSN	Better Performance than HDSN
Metric	Value	INDUSTRY: Specialty Chemicals
Rev Chg LTM	-4.2%	DD (14.0%), PPG (8.5%), SHW (1.0%), ECL (0.6%), IFF (-3.0%)
Rev Chg 3Y Avg	-9.0%	ECL (5.2%), SHW (2.4%), DD (1.3%), PPG (-3.5%), IFF (-4.2%)
Op Mgn LTM	11.2%	ECL (17.3%), DD (15.9%), SHW (15.8%), PPG (13.8%), RPM (12.1%)
CFO/Rev LTM	21.1%	PRM (33.6%), NEU (22.2%)
FCF/Rev LTM	18.8%	PRM (26.6%), NEU (19.9%)
Total Yield	5.2%	LYB (12.7%), EMN (12.3%), AXTA (7.4%), PPG (6.8%), NEU (6.4%)
P/S	1.8	LYB (0.4), EMN (0.8), WLK (0.9), IFF (1.4), PPG (1.5)
P/Op Inc	16.3	EMN (6.1), LYB (10.4), PPG (10.9), NEU (13.7), DD (15.2)

	HDSN	Better Performance than HDSN
Metric	Value	SECTOR: Materials
Rev Chg LTM	-4.2%	AEM (35.2%), NEM (26.6%), SCCO (12.7%), LIN (1.3%), SHW (1.0%)
Rev Chg 3Y Avg	-9.0%	AEM (26.0%), NEM (23.9%), SCCO (7.1%), SHW (2.4%), LIN (0.6%)
Op Mgn LTM	11.2%	SCCO (50.3%), AEM (49.4%), NEM (43.5%), LIN (26.9%), SHW (15.8%)
CFO/Rev LTM	21.1%	AEM (55.2%), NEM (42.9%), SCCO (37.4%), LIN (29.8%), FCX (24.4%)
FCF/Rev LTM	18.8%	KGC (34.8%), AEM (34.5%), NEM (28.5%), SCCO (28.2%), AU (23.3%)
Total Yield	5.2%	AU (11.3%), B (9.2%), NEM (9.0%), SCCO (6.1%), NUE (6.1%)
P/S	1.8	IP (1.0), NUE (1.0), NTR (1.1), STLD (1.2), PPG (1.5)
P/Op Inc	16.3	B (6.7), NEM (9.9), CRH (15.8), SCCO (16.1), AEM (16.2)

	HDSN	Better Performance than HDSN
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-4.2%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	-9.0%	NVDA (92.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	11.2%	NVDA (58.1%), MSFT (46.3%), GOOGL (32.2%), AAPL (31.9%), AMZN (11.4%)
CFO/Rev LTM	21.1%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	18.8%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	5.2%	XOM (10.3%), JNJ (8.4%), JPM (6.7%), BRK-B (6.2%), V (5.3%)
P/S	1.8	UNH (0.7), WMT (1.1), XOM (1.4), COST (1.5), CVX (1.6)
P/Op Inc	16.3	MRK (9.4), UNH (11.9), XOM (12.4), TMUS (13.9), CAT (15.8)

		Best Bets In Materials Sector
	HDSN
What You Pay
P/E	19.1
P/EBIT	17.9
What You Get
Rev Chg Q	19.5%
Rev Chg LTM	-4.2%
Rev Chg 3Y Avg	-9.0%
FCF/Rev 3Y Avg	22.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 11%, alpha of 1.8%, and sharpe of 0.46

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	Title	Topic
0	DASHBOARDS
1	Is Hudson Technologies Stock Built to Withstand More Downside?	Return

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to HDSN. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	DD	DuPont de Nemours	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.1%	3.1%	-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	CF	CF Industries	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.5%	0.5%	-1.1%
HL_11212025_Quality_Momentum_RoomToRun_10%	11212025	HL	Hecla Mining	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	30.9%	30.9%	0.0%
CDE_11072025_Dip_Buyer_ValueBuy	11072025	CDE	Coeur Mining	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	12.7%	12.7%	-5.7%
ATR_10312025_Dip_Buyer_ValueBuy	10312025	ATR	AptarGroup	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	-2.5%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	DD	DuPont de Nemours	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.1%	3.1%	-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	CF	CF Industries	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.5%	0.5%	-1.1%
HL_11212025_Quality_Momentum_RoomToRun_10%	11212025	HL	Hecla Mining	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	30.9%	30.9%	0.0%
CDE_11072025_Dip_Buyer_ValueBuy	11072025	CDE	Coeur Mining	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	12.7%	12.7%	-5.7%
ATR_10312025_Dip_Buyer_ValueBuy	10312025	ATR	AptarGroup	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	-2.5%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Hudson Technologies

Peers to compare with:

Financials

	HDSN	FUL	GEVO	FSI	LOOP	SHW	Median
Name	Hudson T.	H.B. Ful.	Gevo	Flexible.	Loop Ind.	Sherwin-.
Mkt Price	7.64	58.92	2.33	6.83	1.07	339.24	7.23
Mkt Cap	0.3	3.2	0.5	0.1	0.1	83.5	0.4
Rev LTM	237	3,502	80	37	11	23,276	159
Op Inc LTM	27	349	-49	6	-1	3,680	16
FCF LTM	45	121	-92	0	-1	2,426	22
FCF 3Y Avg	56	220	-109	1	-16	2,305	29
CFO LTM	50	242	-56	5	-1	3,294	28
CFO 3Y Avg	61	348	-55	6	-14	3,225	33

Growth & Margins

	HDSN	FUL	GEVO	FSI	LOOP	SHW	Median
Name	Hudson T.	H.B. Ful.	Gevo	Flexible.	Loop Ind.	Sherwin-.
Rev Chg LTM	-4.2%	-1.3%	341.8%	-1.5%	11,012.0%	1.0%	-0.2%
Rev Chg 3Y Avg	-9.0%	-1.7%	729.7%	-2.0%	3,661.4%	2.4%	0.4%
Rev Chg Q	19.5%	-2.8%	725.3%	8.0%	-100.0%	3.2%	5.6%
QoQ Delta Rev Chg LTM	5.4%	-0.7%	90.8%	2.3%	-0.2%	0.8%	1.6%
Op Mgn LTM	11.2%	10.0%	-60.6%	16.0%	-13.3%	15.8%	10.6%
Op Mgn 3Y Avg	18.0%	10.5%	-494.2%	12.9%	-13,399.3%	15.8%	11.7%
QoQ Delta Op Mgn LTM	2.5%	0.2%	126.0%	3.2%	16.5%	-0.0%	2.9%
CFO/Rev LTM	21.1%	6.9%	-70.4%	13.4%	-8.5%	14.2%	10.2%
CFO/Rev 3Y Avg	24.0%	9.8%	-303.8%	14.1%	-12,027.4%	13.9%	11.9%
FCF/Rev LTM	18.8%	3.5%	-114.6%	1.0%	-10.9%	10.4%	2.2%
FCF/Rev 3Y Avg	22.0%	6.2%	-691.7%	3.4%	-13,970.5%	10.0%	4.8%

Valuation

	HDSN	FUL	GEVO	FSI	LOOP	SHW	Median
Name	Hudson T.	H.B. Ful.	Gevo	Flexible.	Loop Ind.	Sherwin-.
Mkt Cap	0.3	3.2	0.5	0.1	0.1	83.5	0.4
P/S	1.8	0.9	3.8	1.6	6.4	3.7	2.7
P/EBIT	17.9	10.6	-6.4	10.5	-6.4	22.8	10.6
P/E	19.1	28.5	-5.3	20.2	-6.1	33.1	19.6
P/CFO	8.7	13.5	-5.4	12.3	-74.4	25.9	10.5
Total Yield	5.2%	4.7%	-19.0%	5.0%	-16.5%	3.9%	4.3%
Dividend Yield	0.0%	1.1%	0.0%	0.0%	0.0%	0.9%	0.0%
FCF Yield 3Y Avg	12.9%	5.7%	-49.1%	4.4%	-12.5%	2.9%	3.7%
D/E	0.0	0.6	0.6	0.1	0.0	0.2	0.1
Net D/E	-0.2	0.6	0.4	-0.0	-0.1	0.2	0.1

Returns

	HDSN	FUL	GEVO	FSI	LOOP	SHW	Median
Name	Hudson T.	H.B. Ful.	Gevo	Flexible.	Loop Ind.	Sherwin-.
1M Rtn	-15.7%	2.7%	2.6%	-23.0%	-35.2%	-1.6%	-8.6%
3M Rtn	-25.3%	0.3%	42.9%	-31.1%	-32.3%	-6.3%	-15.8%
6M Rtn	6.0%	6.0%	104.4%	56.7%	-31.8%	-5.9%	6.0%
12M Rtn	27.8%	-21.4%	57.4%	78.7%	-22.7%	-13.4%	7.2%
3Y Rtn	-33.1%	-23.8%	8.9%	130.6%	-61.1%	35.2%	-7.4%
1M Excs Rtn	-15.6%	2.7%	2.7%	-23.0%	-35.1%	-1.6%	-8.6%
3M Excs Rtn	-31.6%	-8.8%	37.6%	-36.8%	-41.7%	-12.4%	-22.0%
6M Excs Rtn	-8.8%	-8.7%	89.7%	41.9%	-46.6%	-20.6%	-8.8%
12M Excs Rtn	15.1%	-35.7%	27.7%	54.9%	-41.3%	-27.4%	-6.2%
3Y Excs Rtn	-102.5%	-94.3%	-55.1%	68.2%	-132.9%	-30.9%	-74.7%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/7/2025	3/12/2025	3/14/2024	3/14/2023	3/24/2022	3/12/2021	3/13/2020
Key Financials
Total Revenue	237	237	289	325	193	148	162
EBITDA	31	36	84	137	51	13	1
Operating Income	27	29	78	132	42	6	-16
Net Income	23	24	52	104	32	-5	-26
EPS	0.51	0.54	1.15	2.31	0.74	-0.12	-0.61
Growth Rates
Total Revenue Growth	-4.2%	-18.0%	-11.1%	68.7%	30.6%	-8.9%	-2.7%
EBITDA Growth	-29.5%	-57.5%	-38.9%	169.8%	291.0%	1651.7%	102.1%
Operating Income Growth	-28.9%	-62.5%	-40.6%	210.9%	616.5%	137.4%	63.0%
Net Income Growth	-26.4%	-53.3%	-49.7%	221.8%	719.4%	79.9%	53.4%
Margins
EBITDA Margin	12.9%	15.1%	29.0%	42.3%	26.4%	8.8%	0.5%
Operating Income Margin	11.2%	12.4%	27.0%	40.4%	21.9%	4.0%	-9.7%
Net Income Margin	9.6%	10.3%	18.1%	31.9%	16.7%	-3.5%	-16.0%
Cash & Debt
Total Cash	90	70	12	5	3	1	3
Total Debt	6	7	7	51	100	94	105
Net Debt / (Cash)	-84	-63	-6	45	97	93	102
Cash Flows
Net Cash from Operations	50	92	59	63	-1	12	34
Free Cash from Operations	45	87	55	59	-3	10	33
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	11	8	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/7/2025	8/1/2025	5/9/2025	3/12/2025	11/8/2024	8/9/2024	5/8/2024	3/14/2024	11/7/2023	8/8/2023	5/9/2023	3/14/2023
Key Financials Quarterly
Total Revenue	74	73	55	35	62	75	65	45	76	90	77	47
Ebitda	15	14	5	-4	9	14	14	6	25	29	24	9
Operating Income	14	13	3	-3	7	13	13	5	23	28	23	7
Net Income	12	10	3	-3	8	10	10	4	14	19	16	5
EPS	0.28	0.23	0.06	-0.06	0.17	0.21	0.21	0.09	0.30	0.42	0.34	0.11
Key Financials TTM
Total Revenue TTM	237	225	227	237	247	262	277	289	292	305	318	325
Ebitda TTM	31	24	24	33	43	59	74	84	86	99	122	137
Operating Income TTM	27	20	20	29	37	53	68	78	81	94	116	132
Net Income TTM	23	18	18	24	31	37	46	52	53	69	90	104
Growth Rates Quarterly
Total Revenue Growth	19.5%	-3.2%	-15.2%	-22.8%	-19.0%	-16.8%	-15.5%	-5.5%	-14.5%	-13.0%	-8.5%	25.6%
EBITDA Growth	79.1%	-0.7%	-67.1%	-160.4%	-65.0%	-50.6%	-41.0%	-27.2%	-35.0%	-43.2%	-39.6%	-21.6%
Operating Income Growth	100.3%	-0.6%	-75.9%	-168.5%	-69.8%	-53.7%	-43.6%	-33.3%	-36.3%	-44.5%	-40.8%	-23.9%
Net Income Growth	58.5%	6.1%	-71.2%	-165.0%	-42.5%	-50.0%	-38.4%	-22.3%	-53.7%	-51.8%	-47.5%	-17.9%
Margins Quarterly
EBITDA Margin	20.8%	19.6%	8.4%	-10.8%	13.9%	19.1%	21.8%	13.9%	32.1%	32.2%	31.2%	18.0%
Operating Income Margin	18.9%	17.5%	5.6%	-9.4%	11.3%	17.0%	19.6%	10.6%	30.2%	30.6%	29.3%	15.0%
Net Income Margin	16.7%	14.0%	5.0%	-7.4%	12.6%	12.7%	14.7%	8.8%	17.8%	21.2%	20.1%	10.7%
Cash & Debt
Total Cash	90	84	81	70	56	31	11	12	4	11	12	5
Total Debt	6	6	6	7	5	6	6	7	10	35	46	51
Net Debt / (Cash)	-84	-78	-75	-63	-51	-25	-4	-6	6	24	34	45
Cash Flows Quarterly
FCF from Operations	9	6	14	21	30	42	-1	15	22	11	11	3
Cash Flows TTM
FCF from Operations TTM	50	72	107	92	86	78	47	59	46	50	68	63
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	1	3	2	6	3	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	193.6%	133.9%	26.7%	-25.5%	34.8%	41.0%	34.0%	14.8%	53.7%	57.9%	44.5%	17.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	90.1%	51.5%	42.8%	46.5%	44.8%	42.8%	44.8%	51.9%	49.0%	53.2%	64.0%	71.8%

Price Behavior

Price Behavior

Market Price	$7.64
Market Cap ($ Bil)	0.3
First Trading Date	11/02/1994
Distance from 52W High	-26.8%
	50 Days	200 Days
DMA Price	$8.35	$7.82
DMA Trend	up	down
Distance from DMA	-8.5%	-2.3%
	3M	1YR
Volatility	56.6%	47.6%
Downside Capture	292.78	109.81
Upside Capture	76.22	119.65
Correlation (SPY)	37.2%	41.5%

HDSN Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.74	1.86	1.79	1.50	1.00	0.96
Up Beta	0.08	0.95	1.26	1.65	0.84	0.77
Down Beta	2.27	1.80	1.89	1.82	1.03	1.34
Up Capture	107%	51%	49%	101%	124%	39%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	9	18	29	62	115	348
Down Capture	455%	301%	275%	161%	109%	102%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	11	24	34	63	129	390

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of HDSN With Other Asset Classes (Last 1Y)
	HDSN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	29.9%	-4.2%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	47.4%	20.1%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	0.70	-0.32	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		39.3%	41.4%	3.1%	17.2%	23.0%	24.3%

ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of HDSN With Other Asset Classes (Last 5Y)
	HDSN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	47.3%	6.3%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	63.8%	18.9%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.87	0.24	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		27.8%	28.5%	-1.8%	6.4%	20.3%	10.1%

Based On 10-Year Data

		Comparison of HDSN With Other Asset Classes (Last 10Y)
	HDSN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	9.8%	9.0%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	78.4%	20.8%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.45	0.39	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		16.9%	17.3%	-0.7%	5.5%	13.0%	3.7%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	1,055,576
Short Interest: % Change Since 10312025	14.2%
Average Daily Volume	569,566
Days-to-Cover Short Interest	1.85
Basic Shares Quantity	43,652,094
Short % of Basic Shares	2.4%

Returns Analyses

	Title
0	Is Hudson Technologies Stock Built to Withstand More Downside?

SEC Filings

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Report Date	Filing Date	Filing
9302025	11072025	10-Q 9/30/2025
6302025	8012025	10-Q 6/30/2025
3312025	5092025	10-Q 3/31/2025
12312024	3122025	10-K 12/31/2024
9302024	11082024	10-Q 9/30/2024
6302024	8092024	10-Q 6/30/2024
3312024	5082024	10-Q 3/31/2024
12312023	3142024	10-K 12/31/2023
9302023	11072023	10-Q 9/30/2023
6302023	8082023	10-Q 6/30/2023
3312023	5092023	10-Q 3/31/2023
12312022	3142023	10-K 12/31/2022
9302022	11082022	10-Q 9/30/2022
6302022	8082022	10-Q 6/30/2022
3312022	5102022	10-Q 3/31/2022
12312021	3242022	10-K 12/31/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	ABBATECOLA VINCENT P		11182025	Buy	6.79	3,500	23,748	1,151,740	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Hudson Technologies (HDSN)

Market Price (12/4/2025): $7.65 | Market Cap: $333.9 MilSector: Materials | Industry: Specialty Chemicals

Hudson Technologies (HDSN)

Market Price (12/4/2025): $7.65Market Cap: $333.9 MilSector: MaterialsIndustry: Specialty Chemicals

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Market Price (12/4/2025): $7.65 | Market Cap: $333.9 Mil
Sector: Materials | Industry: Specialty Chemicals

Market Price (12/4/2025): $7.65
Market Cap: $333.9 Mil
Sector: Materials
Industry: Specialty Chemicals