Huntsman (HUN)


Market Price (9/5/2026): $9.59 | Market Cap: $1.7 BilSector: Materials | Industry: Commodity Chemicals

Huntsman (HUN)


Market Price (9/5/2026): $9.59
Market Cap: $1.7 Bil
Sector: Materials
Industry: Commodity Chemicals

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

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Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%

Attractive yield
Dividend Yield is 5.5%

Megatrend and thematic drivers
Megatrends include Advanced Materials, Sustainable & Green Buildings, and Water Infrastructure. Themes include Specialty Chemicals for Performance, Show more.

Weak multi-year price returns
2Y Excs Rtn is -88%, 3Y Excs Rtn is -131%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -21 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.4%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 129%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is -x

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.7%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.7%

Key risks
HUN key risks include [1] demand sensitivity to economic downturns in its key cyclical end markets such as construction and automotive and [2] margin compression from volatile raw material and high energy costs, Show more.

0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%
1 Attractive yield
Dividend Yield is 5.5%
2 Megatrend and thematic drivers
Megatrends include Advanced Materials, Sustainable & Green Buildings, and Water Infrastructure. Themes include Specialty Chemicals for Performance, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -88%, 3Y Excs Rtn is -131%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -21 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.4%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 129%
6 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is -x
7 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.7%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.7%
9 Key risks
HUN key risks include [1] demand sensitivity to economic downturns in its key cyclical end markets such as construction and automotive and [2] margin compression from volatile raw material and high energy costs, Show more.

HUN in ETFs

Weight = HUN's share of each fund

VTI0.00%
ITOT0.00%
IWM0.05%
VYM0.01%
VB0.02%
AVUV0.22%
NUSC0.12%
IWN0.10%
+9 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 9/1/2026

Huntsman (HUN) stock has lost about 35% since 5/31/2026 because of the following key factors:

1. Q2 2026 Earnings Missed Expectations on Outlook and Free Cash Flow. Despite reporting adjusted earnings per share of $0.20 against a $0.06 forecast and revenues of $1.66 billion against a $1.60 billion forecast for fiscal Q2 2026 (ended June 30, 2026), Huntsman's stock sharply declined by 16.7% following its July 30, 2026, earnings announcement. The market reacted negatively to a cautious management outlook, persistent high net leverage of 5.4x, approximately $1.7 billion in net debt, and a significant free cash flow deficit, showing a use of $90 million for the quarter compared to a source of $55 million in the prior year period.

2. Sustained Macroeconomic Headwinds and Weak Demand. The company continued to experience "trough economics" within its Polyurethanes segment, exacerbated by prolonged overcapacity of methylene diphenyl diisocyanate (MDI) and weak pricing conditions, particularly across European and Chinese markets. Management expressed concerns regarding the long-term sustainability of demand, citing an 11% decline in March residential permits, underscoring the company's ongoing vulnerability to broader economic slowdowns affecting key end-user sectors such as construction and durable goods.

Show more
Updated on 9/1/2026

Huntsman (HUN) stock has lost about 35% since 5/31/2026 because of the following key factors:

1. Q2 2026 Earnings Missed Expectations on Outlook and Free Cash Flow. Despite reporting adjusted earnings per share of $0.20 against a $0.06 forecast and revenues of $1.66 billion against a $1.60 billion forecast for fiscal Q2 2026 (ended June 30, 2026), Huntsman's stock sharply declined by 16.7% following its July 30, 2026, earnings announcement. The market reacted negatively to a cautious management outlook, persistent high net leverage of 5.4x, approximately $1.7 billion in net debt, and a significant free cash flow deficit, showing a use of $90 million for the quarter compared to a source of $55 million in the prior year period.

2. Sustained Macroeconomic Headwinds and Weak Demand. The company continued to experience "trough economics" within its Polyurethanes segment, exacerbated by prolonged overcapacity of methylene diphenyl diisocyanate (MDI) and weak pricing conditions, particularly across European and Chinese markets. Management expressed concerns regarding the long-term sustainability of demand, citing an 11% decline in March residential permits, underscoring the company's ongoing vulnerability to broader economic slowdowns affecting key end-user sectors such as construction and durable goods.

3. Market Uncertainty Surrounding the Olin Merger. While the all-stock merger of equals with Olin Corporation was announced on June 16, 2026, and subsequently approved by shareholders on August 25, 2026, the market response has been mixed. Despite the projected synergies exceeding $300 million to $400 million, the transformative nature of the deal and inherent integration risks likely contributed to investor apprehension. This uncertainty was reflected in analysts lowering price targets for Huntsman's stock following its fiscal Q2 2026 results, even as they maintained "Hold" ratings.

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Stock Movement Drivers

Fundamental Drivers

The -37.0% change in HUN stock from 5/31/2026 to 9/4/2026 was primarily driven by a -39.0% change in the company's P/S Multiple.
(LTM values as of)53120269042026Change
Stock Price ($)15.269.62-37.0%
Change Contribution By: 
Total Revenues ($ Mil)5,6935,8983.6%
P/S Multiple0.50.3-39.0%
Shares Outstanding (Mil)173173-0.2%
Cumulative Contribution-37.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/4/2026
ReturnCorrelation
HUN-37.0% 
Market (SPY)1.8%6.5%
Sector (XLB)2.5%30.4%

Fundamental Drivers

The -23.0% change in HUN stock from 2/28/2026 to 9/4/2026 was primarily driven by a -25.6% change in the company's P/S Multiple.
(LTM values as of)22820269042026Change
Stock Price ($)12.499.62-23.0%
Change Contribution By: 
Total Revenues ($ Mil)5,6835,8983.8%
P/S Multiple0.40.3-25.6%
Shares Outstanding (Mil)173173-0.3%
Cumulative Contribution-23.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/4/2026
ReturnCorrelation
HUN-23.0% 
Market (SPY)12.6%21.4%
Sector (XLB)-1.4%43.2%

Fundamental Drivers

The -9.9% change in HUN stock from 8/31/2025 to 9/4/2026 was primarily driven by a -10.1% change in the company's P/S Multiple.
(LTM values as of)83120259042026Change
Stock Price ($)10.689.62-9.9%
Change Contribution By: 
Total Revenues ($ Mil)5,8605,8980.6%
P/S Multiple0.30.3-10.1%
Shares Outstanding (Mil)173173-0.5%
Cumulative Contribution-9.9%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/4/2026
ReturnCorrelation
HUN-9.9% 
Market (SPY)20.4%26.7%
Sector (XLB)15.3%52.4%

Fundamental Drivers

The -60.1% change in HUN stock from 8/31/2023 to 9/4/2026 was primarily driven by a -55.1% change in the company's P/S Multiple.
(LTM values as of)83120239042026Change
Stock Price ($)24.139.62-60.1%
Change Contribution By: 
Total Revenues ($ Mil)6,8635,898-14.1%
P/S Multiple0.60.3-55.1%
Shares Outstanding (Mil)1791733.3%
Cumulative Contribution-60.1%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/4/2026
ReturnCorrelation
HUN-60.1% 
Market (SPY)77.1%39.5%
Sector (XLB)33.5%60.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HUN Return42%-19%-5%-25%-41%-5%-54%
Peers Return41%-16%22%-25%-35%19%-17%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
HUN Win Rate58%50%42%42%25%56% 
Peers Win Rate57%55%47%38%37%51% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
HUN Max Drawdown-23%-41%-30%-31%-56%-41% 
Peers Max Drawdown-21%-40%-22%-37%-47%-34% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DOW, LYB, EMN, CE, OLN. See HUN 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 9/4/2026 (YTD)

How Low Can It Go

EventHUNS&P 500
2020 COVID-19 Crash
  % Loss-38.4%-33.7%
  % Gain to Breakeven62.5%50.9%
  Time to Breakeven142 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-33.4%-19.2%
  % Gain to Breakeven50.2%23.8%
  Time to Breakeven718 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-52.0%-12.2%
  % Gain to Breakeven108.4%13.9%
  Time to Breakeven135 days62 days
2014-2016 Oil Price Collapse
  % Loss-69.4%-6.8%
  % Gain to Breakeven226.5%7.3%
  Time to Breakeven430 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-55.5%-17.9%
  % Gain to Breakeven124.9%21.8%
  Time to Breakeven497 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-28.8%-15.4%
  % Gain to Breakeven40.5%18.2%
  Time to Breakeven83 days125 days

Compare to DOW, LYB, EMN, CE, OLN

In The Past

Huntsman's stock fell -8.6% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 9.4% 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.

EventHUNS&P 500
2020 COVID-19 Crash
  % Loss-38.4%-33.7%
  % Gain to Breakeven62.5%50.9%
  Time to Breakeven142 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-33.4%-19.2%
  % Gain to Breakeven50.2%23.8%
  Time to Breakeven718 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-52.0%-12.2%
  % Gain to Breakeven108.4%13.9%
  Time to Breakeven135 days62 days
2014-2016 Oil Price Collapse
  % Loss-69.4%-6.8%
  % Gain to Breakeven226.5%7.3%
  Time to Breakeven430 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-55.5%-17.9%
  % Gain to Breakeven124.9%21.8%
  Time to Breakeven497 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-28.8%-15.4%
  % Gain to Breakeven40.5%18.2%
  Time to Breakeven83 days125 days
2008-2009 Global Financial Crisis
  % Loss-91.3%-53.4%
  % Gain to Breakeven1055.0%114.4%
  Time to Breakeven1669 days1085 days

Compare to DOW, LYB, EMN, CE, OLN

In The Past

Huntsman's stock fell -8.6% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 9.4% 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 Huntsman (HUN)

Huntsman Corporation (HUN) is a global manufacturer and marketer of differentiated organic chemical products. The company operates through four main segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects, providing a diverse range of specialty chemicals that serve as critical components in countless industrial and consumer applications worldwide.

Huntsman's product portfolio is extensive. Its Polyurethanes segment produces chemicals like methyl diphenyl diisocyanate (MDI) and polyols, essential for insulation, adhesives, and automotive parts. The Performance Products segment offers amines, maleic anhydrides, and glycols used in detergents, lubricants, and agriculture. The Advanced Materials segment specializes in high-performance epoxy, acrylic, and polyurethane formulations, as well as thermoset resins, crucial for aerospace, electronics, and construction. Finally, its Textile Effects segment supplies textile chemicals and dyes for the fabric industry.

These specialized chemicals find their way into a vast array of end-market applications. Huntsman's products are integral to industries such as automotive (for parts and coatings), construction (for insulation and adhesives), aerospace, medical devices, and electronics. They also play a significant role in the production of durable and non-durable consumer goods, packaging, power generation, and refining, making Huntsman a foundational supplier across many sectors that impact daily life and industrial infrastructure.

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  • Like BASF, but focused on specialized industrial chemicals and advanced materials.
  • A focused version of Dow Chemical, supplying chemical building blocks to diverse industries.

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  • Polyurethane Chemicals: Includes methyl diphenyl diisocyanate (MDI), polyols, and thermoplastic polyurethanes (TPU) vital for insulation, automotive, and construction industries.
  • Amines and Maleic Anhydrides: Versatile chemical intermediates used across various sectors for products like detergents, fuels, and resins.
  • Advanced Materials Formulations: Comprises epoxy, acrylic, and polyurethane polymer formulations, high-performance resins, and additives for demanding applications in aerospace, automotive, and electronics.
  • Textile Chemicals and Dyes: Specialized products provided to the textile industry for fabric treatment, coloring, and finishing.

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Huntsman Corporation (HUN) sells its differentiated organic chemical products primarily to other companies, rather than directly to individuals. Due to the broad nature of its product portfolio and extensive, diversified customer base across numerous industries globally, Huntsman does not publicly disclose specific names of its major customers by name and stock symbol. It is common for diversified chemical manufacturers to supply thousands of customers, with no single customer representing a significant, reportable portion (e.g., >10%) of their overall revenue.

Huntsman's products are utilized as intermediate materials or components by manufacturers in a wide range of end markets. Therefore, its customers are companies operating within, but not limited to, the following sectors:

  • Manufacturers of adhesives
  • Companies in the aerospace industry
  • Manufacturers of automotive components
  • Producers of construction products
  • Manufacturers of durable and non-durable consumer products
  • Companies in the electronics sector
  • Manufacturers of insulation materials
  • Companies in the medical industry
  • Producers of packaging materials
  • Manufacturers of coatings
  • Companies involved in power generation
  • Companies in the refining industry
  • Producers of synthetic fibers
  • Manufacturers of textile chemicals and dyes

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Peter R. Huntsman, Chairman of the Board, President and Chief Executive Officer

Mr. Huntsman has served as the Chief Executive Officer and President of Huntsman Corporation since July 2000, and as Chairman of the Board since 2018. He joined Huntsman Polypropylene Corporation as a Vice President in 1987 and was President and Chief Operating Officer from 1994 to 2000. His father, Jon Huntsman Sr., founded Huntsman Corporation. Mr. Huntsman previously held leadership roles at Olympus Oil, Huntsman Chemical Corporation, and Huntsman Packaging Corporation, a former subsidiary. He has been instrumental in portfolio optimization, governance refresh, and cost programs, overseeing more than 25 acquisitions and over $500 million in cost initiatives.

Philip M. Lister, Executive Vice President and Chief Financial Officer

Mr. Lister was appointed Executive Vice President and Chief Financial Officer in July 2021. He has spent his entire 25-year career with Huntsman or its predecessors, beginning in the polyurethanes division of Imperial Chemical Industries, which Huntsman acquired in 1999. Before becoming CFO, he served as Vice President of Corporate Development from May 2019 to June 2021. In this role, he successfully completed a series of acquisitions and dispositions valued at over $3.5 billion, significantly transforming the company's portfolio.

Amy Smedley, Executive Vice President, General Counsel and Corporate Secretary

Ms. Smedley was appointed to her current position in January 2026. She first joined Huntsman in 2006, serving as Vice President and Deputy General Counsel before her departure in 2022 to become Executive Vice President and Chief Legal Officer for Savage Companies. Her prior experience includes practicing law at Snell & Wilmer L.L.P. and clerking for a U.S. Bankruptcy Judge.

Jan Buberl, Division President, Performance Products

Mr. Buberl serves as the President of the Huntsman Performance Products Division. Previously, he was Vice President of Huntsman Polyurethanes, Americas, and a director for Huntsman's joint venture with Sinopec for PO/MTBE in China. His career also includes time at Venator (formerly Huntsman Pigments) and sixteen years with BASF, where he held various global roles, including leading the development of BASF's North American corporate strategy.

Steen Weien Hansen, Division President, Polyurethanes

Mr. Hansen was appointed Division President of Polyurethanes in June 2025. Prior to this role, he served as Senior Vice President, Global Automotive and Global Elastomers for the Polyurethanes Division since January 2022. He also held positions as Vice President, EAMEI for the Polyurethanes Division and Vice President, Asia Pacific for the Advanced Materials Division.

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The key risks to Huntsman Corporation's business include a significant cyclical downturn in its core end markets and global oversupply in its key product segments, high leverage and financial instability, and the volatility of raw material and energy costs.

  1. Cyclical Downturn in Key End Markets and Global Oversupply: Huntsman Corporation is significantly exposed to cyclical downturns in its primary end markets, such as construction, automotive, and electronics, which negatively impact demand for its chemical products. This exposure has led to declining revenues and profitability. The company's core polyurethanes business, in particular, faces challenging conditions due to this downturn and a persistent global oversupply in polyurethanes and methyl diphenyl diisocyanate (MDI) markets, leading to pressure on pricing and margins.
  2. High Leverage and Financial Instability: Huntsman exhibits a high level of debt and faces concerns regarding its financial stability. The company's financial metrics indicate declining profitability and operational challenges, with a low Altman Z-Score placing it in a distress zone, suggesting a potential risk of financial instability. High net debt relative to EBITDA also raises concerns about refinancing capabilities and potential breaches of lending agreements if profits do not improve.
  3. Raw Material and Energy Cost Volatility: As a chemical manufacturer, Huntsman's profitability is highly sensitive to the volatile costs and availability of raw materials and energy. Fluctuations in these input costs, including high energy costs in regions like Europe, can significantly increase operational expenses and reduce margins, especially if the company is unable to pass these increases on to customers through higher selling prices.

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A rapid acceleration in demand for bio-based chemicals and materials, as well as those derived from advanced chemical recycling, driven by stricter environmental regulations and increasingly stringent corporate sustainability targets from major end-use customers. This trend challenges Huntsman's predominantly fossil-fuel-based product portfolio across segments like Polyurethanes, Performance Products, and Advanced Materials, potentially leading to market share erosion if the company is unable to rapidly innovate and scale cost-competitive, high-performance alternatives.

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Addressable Markets for Huntsman's Main Products and Services

Polyurethanes Segment

  • Polyurethanes: The global polyurethane market size was estimated at USD 96.11 billion in 2025 and is projected to reach USD 148.37 billion by 2034, growing at a CAGR of 4.4% from 2026 to 2034. Asia Pacific dominated the market with a valuation of USD 44.72 billion in 2025. The market size in the U.S. is projected to reach an estimated value of USD 26.07 billion by 2032.
  • Methyl Diphenyl Diisocyanate (MDI): The global MDI market size was valued at USD 30.0 billion in 2024 and is poised to grow to USD 49.83 billion by 2033, growing at a CAGR of 5.8% during the forecast period (2026-2033). Another source states the global MDI market size was valued at USD 8,300.45 million in 2024 and is projected to reach USD 14,025.89 million by 2032. Asia-Pacific dominated the market in 2024, accounting for a 46.20% share valued at USD 3.3 billion.
  • Polyols: The global polyols market was valued at USD 16.83 billion in 2025 and is projected to reach USD 21.59 billion by 2030, growing at a CAGR of 5.1% from 2025 to 2030. Another report estimates the global polyols market size at USD 31.0 billion in 2025, projected to reach USD 48.3 billion by 2034. Asia-Pacific dominated the market, holding a significant market share of over 44.3% in 2025. The global polyether polyols market size was valued at USD 18.5 billion in 2022 and is projected to cross USD 29 billion by 2032.
  • Thermoplastic Polyurethane (TPU): The global TPU market size was USD 3.00 billion in 2025 and is projected to grow to USD 6.45 billion in 2034. Asia Pacific dominated the thermoplastic polyurethane market with a market share of 58.60% in 2025. The TPU market size in the U.S. is projected to reach USD 583.1 million by 2032.
  • Propylene Oxide: The global propylene oxide market size was valued at USD 13.64 billion in 2025 and is projected to grow to USD 22.85 billion by 2034, exhibiting a CAGR of 5.9% during the forecast period. Asia Pacific dominated the global propylene oxide market with a share of 46.33% in 2025. Another source states the global propylene oxide market size was valued at USD 23.0 billion in 2025 and is estimated to reach USD 33.8 billion by 2034. The U.S. propylene oxide market is growing, with the construction industry alone expected to be worth more than USD 2 trillion in 2024.

Performance Products Segment

  • Amines: The global amines market size was valued at USD 16.80 billion in 2025 and is projected to grow to USD 24.70 billion by 2034. Asia Pacific dominated the amines market with a market share of 42.20% in 2025. The amines market size in the U.S. is projected to reach an estimated value of USD 3.9 billion by 2032. Another source reports the global amines market size reached USD 21.5 billion in 2024 and is expected to reach USD 31.7 billion by 2033.
  • Maleic Anhydrides: The global maleic anhydride market size was valued at USD 3.36 billion in 2025 and is projected to grow to USD 5.01 billion by 2034. Asia Pacific dominated the maleic anhydride market with a market share of 69% in 2025. The market value in the U.K. is expected to be USD 0.04 billion in 2026, and Germany is projecting to hit USD 0.12 billion in 2026. Another report indicates the global maleic anhydride market size reached USD 3.7 billion in 2025 and is expected to reach USD 5.3 billion by 2034.

Advanced Materials Segment

  • Epoxy Resins: The global epoxy resin market size accounted for USD 12.33 billion in 2025 and is predicted to increase to approximately USD 21.22 billion by 2035. Asia Pacific accounted for the largest market share of 59.81% in 2025. Another source states the global epoxy resin market size was valued at USD 14.32 billion in 2025 and is projected to hit USD 23.89 billion by 2034.
  • Acrylic Polymers: The global acrylic polymers market size was valued at USD 20.05 billion in 2024 and is projected to grow from USD 20.91 billion in 2025 to USD 29.25 billion by 2032. Asia Pacific dominated the global acrylic polymer market with a market share of 43.24% in 2024. Another report values the global acrylic polymer market size at USD 722.0 million in 2025, projected to reach USD 1256.9 million by 2035.

Textile Effects Segment

  • Textile Chemicals and Dyes: The global textile chemicals market size was estimated at USD 27,293.7 million in 2024 and is projected to reach USD 40,429.0 million by 2033. Asia Pacific dominated the textile chemicals market, accounting for a 57.6% revenue share in 2024. Another report indicates the global textile chemicals market size was valued at approximately USD 31.81 billion in 2025 and is projected to climb to roughly USD 50.84 billion by 2034.
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Huntsman Corporation (HUN) is focusing on several key drivers to spur future revenue growth over the next two to three years:

  1. Recovery in Key End Markets: Huntsman anticipates a gradual recovery in North American homebuilding and durable goods sectors, along with an improvement in Chinese domestic markets. The company has also observed early indications of improved volumes and pricing in Europe, although acknowledging these increases are still in nascent stages.
  2. New Product Development and Innovation: The company plans to drive growth by securing new business through innovation and the development of new products. This includes expanding its material usage and capabilities within the aerospace, power generation, and rapidly evolving automotive industries. Specifically, Huntsman is prioritizing higher-value methyl diphenyl diisocyanate (MDI) grades through its new MDI splitter in Geismar, Louisiana, which will support markets such as spray foam, appliance, and construction insulation. Additionally, new Araldite epoxy formulations are being introduced for transportation lightweighting, aerospace composites, wind blade repair, and for electric vehicle (EV) battery enclosures, e-motors, and power electronics.
  3. Capacity Optimization and Upgrades: Huntsman aims to maximize its capacities and upgrade materials, particularly through its MDI splitter in Geismar. The company is also implementing capacity increases for high-purity amines, which are utilized in the tech industry and catalysts.
  4. Strategic Mergers, Acquisitions, and Industry Consolidation: Huntsman is actively seeking and prepared to capitalize on opportunities for mergers, joint ventures, and industry consolidation as market dynamics evolve. The company is also open to bolt-on mergers and acquisitions that enhance technology, application, or regional access, while simultaneously divesting underperforming assets.
  5. Targeted Price Increases: The company has been working to implement multiple price increases across its portfolio. Specifically, Huntsman is initiating a series of price increases in the European market to counteract ongoing pricing pressures in that region.

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Share Repurchases

  • Huntsman's board authorized a doubling of its share repurchase program from $1 billion to $2 billion on March 28, 2022.
  • As of December 31, 2021, $102 million worth of shares had already been repurchased under the original program.
  • As of December 31, 2025, Huntsman completed repurchases of 48,158,253 shares for $1,452.51 million under the buyback announced on November 9, 2021, with approximately $547 million remaining under the authorization.

Share Issuance

  • The Huntsman Corporation 2025 Stock Incentive Plan authorized 4,650,000 shares of common stock for issuance.

Inbound Investments

  • Starboard Value initiated an approximate 8% activist stake in Huntsman in 2022.

Outbound Investments

  • Huntsman completed the acquisition of Gabriel Performance Products, a North American specialty chemical manufacturer, for $250 million in an all-cash transaction in January 2021.

Capital Expenditures

  • Huntsman reported capital expenditures of $326 million in 2021, $272 million in 2022, $230 million in 2023, and $173 million in 2024.
  • For 2025, the company expected capital expenditures to be between approximately $180 million to $190 million, with $125 million in free cash flow.
  • For 2026, capital expenditures are expected to be at a similar level to 2025, approximately $150 million, focusing on critical maintenance, cybersecurity risk mitigation, and mandatory safety and environmental spend.

Better Bets vs. Huntsman (HUN)

Peer Outperformance in Commodity Chemicals

HUN has trailed 73% of its 11 Commodity Chemicals peers over 5Y. Commodity Chemicals ranks 11th of 15 industries in Materials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Commodity Chemicals constituents that HUN has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
27%
of 11 industry peers · -8.9% return
3Y
18%
of 11 industry peers · -59.2% return
5Y
27%
of 11 industry peers · -55.9% return
No Commodity Chemicals peer with a comparable growth profile has beaten HUN by more than 20pp over 5Y.
Median price return by industry across the Materials sector, ranked by 5Y. Commodity Chemicals is HUN'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
Copper 7 107.0%78.7%291.2% COPR 1037% · HBM 338% · TGB 338%
Silver 6 143.6%359.0%153.0% AYA 257% · HL 230% · SVM 184%
Gold 34 42.7%208.5%147.9% IAG 753% · CNL 596% · OGC 452%
Steel 13 30.0%57.4%146.6% AMR 427% · HCC 369% · NWPX 318%
Aluminum 3 112.3%144.6%60.5% CENX 268% · KALU 61% · AA 11%
Construction Materials 7 -16.2%24.7%41.7% USLM 306% · CRH 90% · VMC 52%
Diversified Metals & Mining 24 -4.9%-10.9%21.2% ATLX 237757% · USAR 58994% · SGML 924%
Metal, Glass & Plastic Containers 11 -6.3%3.8%0.7% KRT 166% · MYE 64% · GEF 46%
Paper & Plastic Packaging Products & Materials 7 9.7%13.7%-7.7% PKG 80% · CCK 9% · SON -5%
Specialty Chemicals 41 9.4%-0.5%-15.4% ODC 463% · NEU 184% · CMT 75%
Commodity Chemicals ← 12 24.2%-13.3%-27.4% HWKN 268% · LXU 77% · MEOH 68%
Diversified Chemicals 4 3.3%-28.5%-30.0% CBT 72% · ASH -14% · CC -46%
Precious Metals & Minerals 8 44.5%173.7%-31.9% ASM 592% · PPTA 388% · MTA 31%
Fertilizers & Agricultural Chemicals 10 5.1%-2.3%-32.1% CF 226% · CTVA 107% · NTR 55%
Paper Products 3 -17.7%-51.9%-96.3% CLW -39% · MERC -96% · 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

HUNDOWLYBEMNCEOLNMedian
NameHuntsman Dow Lyondell.Eastman .Celanese Olin  
Mkt Price9.6229.4463.5271.1944.6717.3737.05
Mkt Cap1.721.320.58.14.92.06.5
Rev LTM5,89841,31931,1928,8659,7126,7039,288
Op Inc LTM-211,5252,271875818-53846
FCF LTM-91,5991,578539708101624
FCF 3Y Avg695391,533517822322528
CFO LTM1593,8662,973991984307988
CFO 3Y Avg2553,2383,2451,1031,2105231,157

Growth & Margins

HUNDOWLYBEMNCEOLNMedian
NameHuntsman Dow Lyondell.Eastman .Celanese Olin  
Rev Chg LTM0.6%-1.2%-1.7%-4.5%-2.2%0.6%-1.5%
Rev Chg 3Y Avg-4.7%-5.5%-8.6%-3.3%-1.9%-4.7%-4.7%
Rev Chg Q14.1%19.7%19.8%9.9%8.7%-0.9%12.0%
QoQ Delta Rev Chg LTM3.6%5.1%5.1%2.6%2.3%-0.2%3.1%
Op Inc Chg LTM-520.0%115.4%37.8%-34.6%-10.1%-131.1%-22.3%
Op Inc Chg 3Y Avg-229.3%5.9%-5.6%-6.0%-4.3%-85.1%-5.8%
Op Mgn LTM-0.4%3.7%7.3%9.9%8.4%-0.8%5.5%
Op Mgn 3Y Avg0.3%3.3%7.4%12.0%9.4%3.2%5.4%
QoQ Delta Op Mgn LTM0.4%3.4%4.0%0.2%0.4%0.4%0.4%
CFO/Rev LTM2.7%9.4%9.5%11.2%10.1%4.6%9.4%
CFO/Rev 3Y Avg4.3%7.7%10.6%12.1%11.9%7.9%9.2%
FCF/Rev LTM-0.2%3.9%5.1%6.1%7.3%1.5%4.5%
FCF/Rev 3Y Avg1.2%1.3%5.0%5.7%8.1%4.9%5.0%

Valuation

HUNDOWLYBEMNCEOLNMedian
NameHuntsman Dow Lyondell.Eastman .Celanese Olin  
Mkt Cap1.721.320.58.14.92.06.5
P/S0.30.50.70.90.50.30.5
P/Op Inc-79.414.09.09.36.0-37.17.5
P/EBIT-166.442.310.7-12.3-21.9-12.3
P/E-9.3-16.5-58.118.4-4.2-10.0-9.7
P/CFO10.55.56.98.25.06.46.7
Total Yield-5.3%-1.4%4.8%10.1%-23.6%-5.3%-3.3%
Dividend Yield5.5%4.7%6.5%4.7%0.3%4.6%4.7%
FCF Yield 3Y Avg3.0%1.2%6.7%5.7%10.7%9.0%6.2%
D/E1.50.90.70.62.51.71.2
Net D/E1.30.70.60.62.21.61.0

Returns

HUNDOWLYBEMNCEOLNMedian
NameHuntsman Dow Lyondell.Eastman .Celanese Olin  
1M Rtn-5.1%0.4%8.7%-2.9%3.5%-6.1%-1.3%
3M Rtn-31.9%-12.3%-0.5%0.2%-12.4%-28.4%-12.4%
6M Rtn-14.9%-9.6%-3.4%3.6%-9.3%-24.3%-9.5%
12M Rtn-8.9%29.2%24.4%8.9%-3.6%-25.2%2.7%
3Y Rtn-59.2%-35.4%-21.7%-1.9%-63.6%-63.1%-47.3%
1M Excs Rtn-5.2%-1.8%4.3%-3.3%1.5%-6.4%-2.5%
3M Excs Rtn-36.5%-16.9%-5.0%-4.3%-16.9%-32.9%-16.9%
6M Excs Rtn-29.4%-24.1%-17.9%-10.9%-23.8%-38.8%-24.0%
12M Excs Rtn-27.6%10.5%5.6%-9.8%-22.3%-43.9%-16.0%
3Y Excs Rtn-130.9%-107.0%-92.8%-76.7%-134.2%-138.9%-119.0%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Polyurethanes3,6973,9003,8655,0675,019
Advanced Materials1,0211,0551,0921,2771,198
Performance Products9971,1091,1781,7131,485
Intersegment eliminations-32-28-24-34-32
Total5,6836,0366,1118,0237,670


Operating Income by Segment
$ Mil202520242004
Advanced Materials161179186
Polyurethanes146245364
Performance Products10715391
Amortization of pension and postretirement actuarial losses34  
Corporate and other costs, net-139-163 
Restructuring, impairment and plant closing and transition costs-153  
Depreciation and amortization - continuing operations-287-289 
Business acquisition and integration expenses and purchase accounting inventory adjustments, net -21 
Fair value adjustments to Venator investment, net and other tax matter adjustments 12 
Interest expense, net - continuing operations -79 
Net income attributable to noncontrolling interests -62 
Base Chemicals  276
Pigments  -30
Polymers  78
Total-131-25965


Assets by Segment
$ Mil20252024202320222021
Polyurethanes4,0454,1514,2614,2864,624
Performance Products1,1851,2141,1701,1551,207
Advanced Materials1,0951,0971,1431,2461,324
Corporate and other690652674  
Corporate and other costs, net   1,0611,750
Current assets held for sale   472 
Textile Effects    487
Total7,0157,1147,2488,2209,392


Price Behavior

Price Behavior
Market Price$9.62 
Market Cap ($ Bil)1.7 
First Trading Date02/14/2005 
Distance from 52W High-39.5% 
   50 Days200 Days
DMA Price$10.75$11.89
DMA Trendupdown
Distance from DMA-10.5%-19.1%
 3M1YR
Volatility68.5%60.6%
Downside Capture88.66136.94
Upside Capture-104.1897.67
Correlation (SPY)6.9%27.0%
HUN Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta1.71-0.330.351.011.291.21
Up Beta2.632.131.701.441.701.49
Down Beta1.670.060.610.461.181.03
Up Capture81%-146%-106%53%97%53%
Bmk +ve Days10213268138427
Stock +ve Days10222964125338
Down Capture187%-142%92%138%125%108%
Bmk -ve Days11213259113324
Stock -ve Days10193462124403

[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 HUN
HUN-8.9%60.6%0.08-
Sector ETF (XLB)16.6%17.9%0.7052.3%
Equity (SPY)19.7%12.8%1.1326.7%
Gold (GLD)24.6%29.2%0.7519.6%
Commodities (DBC)44.1%20.4%1.6910.4%
Real Estate (VNQ)9.1%13.6%0.3922.9%
Bitcoin (BTCUSD)-26.9%43.8%-0.5916.5%

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 HUN
HUN-14.9%41.7%-0.27-
Sector ETF (XLB)6.1%19.1%0.2160.5%
Equity (SPY)12.8%17.2%0.5743.4%
Gold (GLD)19.1%18.8%0.8213.7%
Commodities (DBC)10.7%19.5%0.4315.5%
Real Estate (VNQ)1.7%18.9%-0.0137.5%
Bitcoin (BTCUSD)10.6%52.6%0.3822.0%

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 HUN
HUN-2.4%40.6%0.07-
Sector ETF (XLB)10.0%20.7%0.4367.4%
Equity (SPY)15.3%17.9%0.7253.7%
Gold (GLD)12.4%16.3%0.627.5%
Commodities (DBC)7.9%18.1%0.3524.7%
Real Estate (VNQ)4.8%20.7%0.1941.8%
Bitcoin (BTCUSD)64.0%66.2%1.0415.2%

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

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity13.8 Mil
Short Interest: % Change Since 7312026-12.5%
Average Daily Volume3.1 Mil
Days-to-Cover Short Interest4.5 days
Basic Shares Quantity173.4 Mil
Short % of Basic Shares8.0%

Earnings Returns History

Updated 9/1/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2026-19.1%-16.0%-21.5%
4/30/20261.8%2.6%4.4%
2/17/20268.6%5.3%-2.5%
11/6/202510.2%18.1%35.6%
7/31/2025-5.1%-2.1%15.1%
5/1/2025-9.3%-10.1%-17.4%
2/18/20254.8%3.3%4.2%
11/4/2024-4.6%-8.0%-6.9%
...
SUMMARY STATS   
# Positive141414
# Negative101010
Median Positive2.1%3.2%4.9%
Median Negative-4.1%-4.9%-5.4%
Max Positive10.2%18.1%35.6%
Max Negative-19.1%-16.0%-21.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2026-19.1%-16.0%-21.5%
4/30/20261.8%2.6%4.4%
2/17/20268.6%5.3%-2.5%
11/6/202510.2%18.1%35.6%
7/31/2025-5.1%-2.1%15.1%
5/1/2025-9.3%-10.1%-17.4%
2/18/20254.8%3.3%4.2%
11/4/2024-4.6%-8.0%-6.9%
8/5/2024-3.7%-6.8%2.0%
5/2/20240.9%2.2%-1.3%
2/21/20246.3%2.6%4.9%
10/31/2023-1.1%1.8%5.4%
7/31/2023-3.2%-4.4%-7.2%
5/5/20230.7%-5.4%-3.9%
2/21/2023-5.9%-3.7%-7.1%
11/4/20224.6%6.9%8.8%
8/2/20221.1%0.7%-1.0%
4/28/2022-2.3%3.1%4.8%
2/15/20228.1%10.8%8.4%
10/29/20212.4%5.1%2.1%
7/30/20210.3%-4.0%0.1%
4/30/2021-2.3%6.3%-3.3%
2/12/20210.9%2.2%0.9%
10/29/20200.6%-1.6%6.5%
SUMMARY STATS   
# Positive141414
# Negative101010
Median Positive2.1%3.2%4.9%
Median Negative-4.1%-4.9%-5.4%
Max Positive10.2%18.1%35.6%
Max Negative-19.1%-16.0%-21.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202607/31/202610-Q
03/31/202605/01/202610-Q
12/31/202502/18/202610-K
09/30/202511/07/202510-Q
06/30/202508/01/202510-Q
03/31/202505/02/202510-Q
12/31/202402/18/202510-K
09/30/202411/05/202410-Q
06/30/202408/06/202410-Q
03/31/202405/03/202410-Q
12/31/202302/22/202410-K
09/30/202311/01/202310-Q
06/30/202308/01/202310-Q
03/31/202305/05/202310-Q
12/31/202202/21/202310-K
09/30/202211/04/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202607/31/202610-Q
03/31/202605/01/202610-Q
12/31/202502/18/202610-K
09/30/202511/07/202510-Q
06/30/202508/01/202510-Q
03/31/202505/02/202510-Q
12/31/202402/18/202510-K
09/30/202411/05/202410-Q
06/30/202408/06/202410-Q
03/31/202405/03/202410-Q
12/31/202302/22/202410-K
09/30/202311/01/202310-Q
06/30/202308/01/202310-Q
03/31/202305/05/202310-Q
12/31/202202/21/202310-K
09/30/202211/04/202210-Q
06/30/202208/02/202210-Q
03/31/202204/28/202210-Q
12/31/202102/15/202210-K
09/30/202110/29/202110-Q
06/30/202107/30/202110-Q
03/31/202104/30/202110-Q
12/31/202002/12/202110-K
09/30/202010/29/202010-Q
06/30/202007/28/202010-Q
03/31/202005/01/202010-Q
12/31/201902/13/202010-K
09/30/201910/25/201910-Q

Recent Forward Guidance

Updated 7/31/2026

Latest: Q2 2026 Earnings Reported 7/30/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Capital ExpendituresReported 170.00 Mil    


Prior: Q1 2026 Earnings Reported 4/30/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Capital ExpendituresReported 173.00 Mil 0 AffirmedGuidance: 173.00 Mil for 2026

Q4 2025 Earnings Reported 2/17/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Capital ExpendituresReported 173.00 Mil -1.1% Lower NewGuidance: 175.00 Mil for 2025

Q3 2025 Earnings Reported 11/6/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2025 Capital ExpendituresReported170.00 Mil175.00 Mil180.00 Mil-5.4% LoweredGuidance: 185.00 Mil for 2025
2026 Restructuring SavingsReported 100.00 Mil    

Insider Activity

Updated 8/3/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Huntsman, Peter RChairman, President & CEODirectBuy80320269.81100,000981,00071,184,705Form
2Lister, Philip MExec VP & CFODirectBuy111220258.1529,762242,709953,434Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Huntsman, Peter RChairman, President & CEODirectBuy80320269.81100,000981,00071,184,705Form
2Lister, Philip MExec VP & CFODirectBuy111220258.1529,762242,709953,434Form

Investor Activity (13F)

Updated Sep 5, 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
Hatch Cove Capital, LLC$8.1 Mil3.1%19New13F
Masters Capital Management LLC$13.3 Mil2.0%44Hold13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Hatch Cove Capital, LLC$8.1 Mil3.1%19New13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Masters Capital Management LLC$13.3 Mil2.0%44Hold13F
Hatch Cove Capital, LLC$8.1 Mil3.1%19New13F
Core Cache Last Updated: 9/4/2026