Tearsheet

Innospec (IOSP)


Market Price (12/25/2025): $78.06 | Market Cap: $1.9 Bil
Sector: Materials | Industry: Specialty Chemicals

Innospec (IOSP)


Market Price (12/25/2025): $78.06
Market Cap: $1.9 Bil
Sector: Materials
Industry: Specialty Chemicals

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


0 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 -11%
Weak multi-year price returns
2Y Excs Rtn is -81%, 3Y Excs Rtn is -103%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3%, Rev Chg QQuarterly Revenue Change % is -0.3%
1 Low stock price volatility
Vol 12M is 27%
  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 -4.2%
2 Megatrend and thematic drivers
Megatrends include Advanced Materials, Energy Transition & Decarbonization, and US Energy Independence. Themes include Specialty Chemicals for Performance, Show more.
  Key risks
IOSP key risks include [1] declining sales and net income due to significant gross margin pressure in its Performance Chemicals segment from weaker pricing and product mix, Show more.
0 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 -11%
1 Low stock price volatility
Vol 12M is 27%
2 Megatrend and thematic drivers
Megatrends include Advanced Materials, Energy Transition & Decarbonization, and US Energy Independence. Themes include Specialty Chemicals for Performance, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -81%, 3Y Excs Rtn is -103%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3%, Rev Chg QQuarterly Revenue Change % is -0.3%
5 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 -4.2%
6 Key risks
IOSP key risks include [1] declining sales and net income due to significant gross margin pressure in its Performance Chemicals segment from weaker pricing and product mix, Show more.

Valuation, Metrics & Events

IOSP Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

1. Innospec's net income significantly declined in the third quarter of 2025, falling to US$12.9 million from US$33.4 million in the prior year, despite broadly flat sales.

2. The company experienced an earnings drag due to margin pressure and weaker net income throughout 2025, posing a central risk for shareholders. Concerns were raised about management's ability to protect margins in its Performance Chemicals and Fuel Specialties segments.

Show more

Stock Movement Drivers

Fundamental Drivers

The 0.6% change in IOSP stock from 9/24/2025 to 12/24/2025 was primarily driven by a 0.4% change in the company's Shares Outstanding (Mil).
924202512242025Change
Stock Price ($)77.6578.120.60%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1790.701789.20-0.08%
P/S Multiple1.081.080.27%
Shares Outstanding (Mil)24.9424.830.41%
Cumulative Contribution0.60%

LTM = Last Twelve Months as of date shown

Market Drivers

9/24/2025 to 12/24/2025
ReturnCorrelation
IOSP0.6% 
Market (SPY)4.4%32.8%
Sector (XLB)3.0%57.9%

Fundamental Drivers

The -5.3% change in IOSP stock from 6/25/2025 to 12/24/2025 was primarily driven by a -6.0% change in the company's P/S Multiple.
625202512242025Change
Stock Price ($)82.4978.12-5.30%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1786.001789.200.18%
P/S Multiple1.151.08-5.99%
Shares Outstanding (Mil)24.9724.830.54%
Cumulative Contribution-5.31%

LTM = Last Twelve Months as of date shown

Market Drivers

6/25/2025 to 12/24/2025
ReturnCorrelation
IOSP-5.3% 
Market (SPY)14.0%31.5%
Sector (XLB)6.1%68.0%

Fundamental Drivers

The -28.3% change in IOSP stock from 12/24/2024 to 12/24/2025 was primarily driven by a -25.2% change in the company's P/S Multiple.
1224202412242025Change
Stock Price ($)108.9478.12-28.29%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1873.301789.20-4.49%
P/S Multiple1.451.08-25.24%
Shares Outstanding (Mil)24.9424.830.43%
Cumulative Contribution-28.29%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2024 to 12/24/2025
ReturnCorrelation
IOSP-28.3% 
Market (SPY)15.8%53.7%
Sector (XLB)8.8%72.0%

Fundamental Drivers

The -21.6% change in IOSP stock from 12/25/2022 to 12/24/2025 was primarily driven by a -18.1% change in the company's P/S Multiple.
1225202212242025Change
Stock Price ($)99.7078.12-21.65%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1866.201789.20-4.13%
P/S Multiple1.321.08-18.12%
Shares Outstanding (Mil)24.7924.83-0.19%
Cumulative Contribution-21.65%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2023 to 12/24/2025
ReturnCorrelation
IOSP-34.8% 
Market (SPY)48.9%53.3%
Sector (XLB)10.6%66.1%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
IOSP Return-11%1%15%21%-10%-28%-18%
Peers Return4%20%-13%20%-8%0%19%
S&P 500 Return16%27%-19%24%23%18%115%

Monthly Win Rates [3]
IOSP Win Rate50%50%58%50%42%33% 
Peers Win Rate52%57%45%57%47%45% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
IOSP Max Drawdown-41%-9%-6%-10%-14%-34% 
Peers Max Drawdown-39%-8%-27%-17%-14%-22% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: NEU, SCL, ECL, ASH, FUL. See IOSP 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] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique KeyEventIOSPS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-23.4%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven30.5%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven168 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-42.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven74.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven965 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-30.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven43.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven67 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-91.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven1040.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven752 days1,480 days

Compare to MTX, ECVT, SCL, VRDE, SHW

In The Past

Innospec's stock fell -23.4% during the 2022 Inflation Shock from a high on 4/6/2021. A -23.4% loss requires a 30.5% gain to breakeven.

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About Innospec (IOSP)

Innospec Inc. develops, manufactures, blends, markets, and supplies specialty chemicals in the United States, rest of North America, the United Kingdom, rest of Europe, and internationally. The company's Fuel Specialties segment offers a range of specialty chemical products that are used as additives in various fuels. This segment's products are used in the operation of automotive, marine, and aviation engines; power station generators; and heating oil. Its Performance Chemicals segment provides technology-based solutions for its customers' processes or products that focuses on the personal care, home care, agrochemical, and metal extraction markets. The company's Oilfield Services segment develops and markets chemical solutions for fracturing, stimulation, and completion operations; and products for oil and gas production, as well as products to prevent loss of mud in drilling operations. It sells its products primarily to oil and gas exploration and production companies, oil refineries, fuel manufacturers and users, personal care and home care companies, formulators of agrochemical and metal extraction formulations, and other chemical and industrial companies. The company was formerly known as Octel Corp. and changed its name to Innospec Inc. in January 2006. Innospec Inc. was founded in 1938 and is headquartered in Englewood, Colorado.

AI Analysis | Feedback

Here are 1-2 brief analogies to describe Innospec (IOSP):

  • The Intel Inside for fuels and personal care products: Innospec provides specialized chemical ingredients that make fuels more efficient and personal care products (like shampoos and detergents) more effective, much like Intel provides the essential chips that power computers.
  • Like Gore-Tex for chemicals: Innospec develops and supplies high-performance chemical additives that enhance the functionality of other products, from making jet fuel cleaner to improving the texture of cosmetics, similar to how Gore-Tex provides specialized materials that enhance clothing performance.

AI Analysis | Feedback

  • Fuel Additives: Chemicals designed to improve the performance, efficiency, and environmental impact of fuels like diesel, gasoline, and jet fuel.
  • Personal Care Ingredients: Specialty chemicals used in the formulation of shampoos, conditioners, body washes, and other cosmetic products.
  • Home Care Ingredients: Chemical components supplied for detergents, dish soaps, cleaners, and other household cleaning products.

AI Analysis | Feedback

Innospec (IOSP) sells primarily to other companies (Business-to-Business or B2B).

According to Innospec's public filings, including their 2023 10-K, no single customer accounted for more than 10% of their consolidated net sales in 2023, 2022, or 2021. This indicates that Innospec has a diversified customer base and does not have "major customers" in the sense of a few dominant buyers that account for a significant portion of its revenue.

Instead, Innospec serves a broad range of industrial customers across its three primary business segments. While specific customer names are not disclosed due to competitive reasons and the diversified nature of their sales, the categories of companies they serve include:

  • Fuel Specialties Customers: These customers are typically major global oil refiners, fuel marketers, and fuel distributors. They utilize Innospec's specialized additives to enhance fuel performance, improve efficiency, and reduce emissions in various fuels such as gasoline, diesel, and aviation fuel.

  • Performance Chemicals Customers: This segment supplies ingredients and formulations to manufacturers in the personal care, home care, and industrial markets. Customers include companies producing cosmetics, shampoos, detergents, cleaning products, and various other industrial and institutional cleaning applications. These customers then incorporate Innospec's products into their own branded consumer or industrial goods.

  • Oilfield Services Customers: Innospec provides a range of specialty chemicals for the oil and gas exploration and production industry. Customers in this segment include oil and gas exploration and production companies, as well as oilfield service providers who use Innospec's drilling, completion, and production chemicals to optimize their operations and enhance hydrocarbon recovery.

AI Analysis | Feedback

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Patrick S. Williams, President and Chief Executive Officer

Patrick S. Williams was appointed President and Chief Executive Officer of Innospec in April 2009. Prior to this, he was Executive Vice President and President, Fuel Specialties with the Corporation since 2005, and also assumed responsibility for the Performance Chemicals business in 2008. Before 2005, he served as Chief Executive Officer for the Corporation's Fuel Specialties business in the Americas, holding numerous senior management and sales leadership roles within that business since 1993. Mr. Williams was previously an Executive Vice President at Octel Corp. and President, Chief Executive Officer & Executive VP at Innospec Fuel Specialties LLC. Since February 2020, he has also served as a Non-Executive Director for AdvanSix Inc., a NYSE-listed chemicals manufacturer.

Ian P. Cleminson, Executive Vice President and Chief Financial Officer

Ian P. Cleminson has been the Executive Vice President and Chief Financial Officer of Innospec since July 2006. Before this, he was Financial Controller for the Performance Chemicals and Fuel Specialties business units at Innospec, a position he held since 2002. Prior to joining Innospec, Mr. Cleminson worked as Financial Controller for the Superabsorbents division at BASF plc from 1999 to 2002. He began his career in 1989 at Ford Campbell accounting firm and previously served as a Senior Manager in the corporate tax department of KPMG.

Phil J. Boon, Executive Vice President and Chief Operating Officer

Phil J. Boon has served as Executive Vice President and Chief Operating Officer of Innospec since 2015. He previously held the position of Executive Vice President of Business Operations. Earlier in his career, Mr. Boon held various senior management positions and roles at Ciba Geigy and FMC in both the United States and Europe.

Ian McRobbie, Senior Vice President and Chief Technology Officer

Ian McRobbie has been the Chief Technology Officer and Senior Vice President of Innospec since 2002. Before his current role, he was the Technical Director at A H Marks and Company Ltd from 1989 to 2002. He also held multiple senior research and manufacturing roles at Seal Sands Chemical Co. Limited and BTP plc.

David B. Jones, Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary

David B. Jones serves as Senior Vice President, General Counsel, Chief Compliance Officer, and Corporate Secretary of Innospec, a role he has held since 2018. Previously, he was Deputy General Counsel of West Corporation and Vice President and Chief Counsel for Lennox International. Mr. Jones also worked as a Partner at DLA Piper LLP. Before commencing his legal career, he was in private practice as a Certified Public Accountant with Ernst & Young and PricewaterhouseCoopers.

AI Analysis | Feedback

Innospec (IOSP) faces several key business risks, primarily stemming from recent financial performance and market dynamics.

The most significant risk to Innospec is declining sales and net income, coupled with margin pressure, particularly within its Performance Chemicals and Oilfield Services segments. Recent financials indicate a downward trend in sales and net income, with net sales dropping by approximately 12% and net income decreasing by over 20% compared to the same period last year. This decline points to potential underlying issues such as market saturation, pricing pressures, or operational inefficiencies. Specifically, the Performance Chemicals segment has experienced significant gross margin contraction due to lower pricing and a weaker product mix, while the Oilfield Services segment has seen revenue and operating income declines, largely due to reduced activity, particularly in Latin America. This profit compression remains a central risk for shareholders.

Another key risk is market volatility and fluctuations in raw material costs. Innospec operates within a highly competitive and volatile market where changes in raw material costs and shifts in customer demand can impact profitability. Managing these fluctuations requires effective hedging strategies and agile supply chain management to mitigate their impact on operations.

Finally, regulatory changes and geopolitical factors pose a risk to Innospec's business. The chemical industry is subject to stringent regulations that can affect production processes, product formulations, and market access. Furthermore, tariff policies and their impact on customer inventory decisions present a short-term risk to performance chemicals. The absence of Latin American business in Oilfield Services, influenced by geopolitical factors, also continues to weigh on that segment, with potential delays in recovery.

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  • Accelerated global transition to electric vehicles (EVs) and alternative fuels, which threatens the long-term demand for traditional fuel additives in Innospec's Fuel Specialties segment.
  • Increasing consumer and regulatory demand for sustainable and 'green' chemistry in personal care, home care, and industrial products, posing a threat to Innospec's traditional Performance Chemicals portfolio if not rapidly adapted.
  • The global energy transition away from fossil fuels, leading to decreased investment and activity in oil and gas exploration and production, thereby threatening the market for Innospec's Oilfield Services segment.

AI Analysis | Feedback

Innospec Inc. (IOSP) operates across three main business units: Fuel Specialties, Oilfield Services, and Performance Chemicals. The addressable markets for their main products and services are as follows:

  • Fuel Specialties (Fuel Additives): The global fuel additives market was valued at approximately USD 9.51 billion in 2024 and is projected to reach USD 17.2 billion by 2035. The global specialty fuel additives market, a subset, was valued at USD 11.17 billion in 2024 and is projected to reach USD 16.75 billion by 2030.
  • Oilfield Services (Oilfield Chemicals): The global oilfield chemicals market size was estimated at USD 32.07 billion in 2024 and is predicted to increase to approximately USD 50.24 billion by 2034.
  • Performance Chemicals: This business unit serves several markets:
    • Personal Care Ingredients: The global personal care ingredients market was valued at USD 11.83 billion in 2024 and is expected to reach USD 16.22 billion by 2030. The global personal care specialty ingredients market was estimated at USD 12.54 billion in 2022 and is projected to reach USD 19.07 billion by 2030.
    • Home Care Ingredients: The global home care chemical market is projected to reach a value of US$ 23.75 billion in 2024 and is forecasted to climb to US$ 38.32 billion by 2034.
    • Agrochemicals: The global agrochemicals market is projected to be valued at US$ 269.3 billion in 2024, with worldwide revenue forecasted to increase to US$ 442.9 billion by the end of 2034.

AI Analysis | Feedback

Innospec (IOSP) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives and market trends:

  1. Growth in Fuel Specialties, driven by Sustainability and Regulatory Compliance: The Fuel Specialties segment consistently demonstrates strong performance with double-digit income growth and improved margins. Key drivers for this segment include the global tightening of emissions regulations (such as IMO 2020 and China VI), the growth of renewable fuels, the increasing adoption of fuel-efficient GDI engines, and the demand for low-sulfur marine fuels. Furthermore, growing sales and profit contributions from non-fuel applications and sustainability themes are expanding addressable markets for Innospec's fuel additives, which improve fuel economy and engine performance.
  2. New Product Development and Innovation, particularly in Performance Chemicals: Innospec is actively introducing new product technologies across various sectors, including agriculture, mining, and personal care. The company's robust research and development (R&D) capabilities, evidenced by consistent investment, are crucial for developing new products and enhancing existing offerings. This focus on innovation is expected to contribute to revenue growth, especially as the Performance Chemicals segment targets sequential improvements and margin normalization through new product commercialization and other opportunities.
  3. Strategic Pricing Discipline and Product Mix Optimization: Management is implementing strategies to improve gross margins, particularly within the Performance Chemicals segment, by prioritizing higher-margin offerings and strengthening internal pricing controls. These actions are anticipated to lead to sequential improvements in gross margins as the initiatives take hold, positively impacting overall revenue.
  4. Expansion and Recovery in Oilfield Services, particularly in the Middle East: Despite recent declines in the Oilfield Services segment due to regional activity, Innospec is focused on cost reductions, regional diversification, and expanding into growth markets like the Middle East. The company aims to stabilize operating income margins above 10% in the medium term, with expectations for sequential improvement in the near future. The renovation and expansion efforts in Middle East oilfield services are specifically anticipated to boost operating income in forthcoming quarters.
  5. Leveraging Clean Beauty and Sustainability Trends in Performance Chemicals: The Performance Chemicals segment is positioned to capitalize on secular trends such as clean beauty and sustainability. Innospec's partnership with customers to reformulate around clean beauty and sustainability themes, along with the development of eco-friendly products, can open new markets and align with increasing consumer demand and regulatory requirements. This strategic alignment with environmental sustainability is expected to drive growth.

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Share Repurchases

  • In March 2025, Innospec's Board of Directors approved a new $50 million share repurchase program, replacing a prior $50 million program that expired in the first quarter of 2025.
  • As of October 31, 2025, the company repurchased $23.9 million of common stock year-to-date.
  • Significant repurchases in 2025 include $10.7 million in Q3 2025 and $8.2 million in Q2 2025.

Outbound Investments

  • Innospec completed the acquisition of QGP in 2023, with an $18.5 million reduction to the fair value of contingent consideration associated with this acquisition noted in Q3 2025.
  • The company's strong balance sheet and cash position provide flexibility for further mergers and acquisitions (M&A) activities.

Capital Expenditures

  • Capital expenditures for the third quarter of 2025 were $22.2 million, following $16.2 million in Q2 2025 and $15.5 million in Q1 2025.
  • Research and development (R&D) expenditures, focused on developing new products and formulations for all segments, were $47.8 million in 2024, $41.7 million in 2023, and $38.7 million in 2022.
  • Management prioritizes organic investment, leveraging balance sheet flexibility to drive margin improvement, new technology commercialization, and operational efficiency across its Performance Chemicals and Oilfield Services segments.

Better Bets than Innospec (IOSP)

Trade Ideas

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

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025DDDuPont de NemoursDip BuyDB | 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
7.1%7.1%-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025CFCF IndustriesMonopolyMY | 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
-1.2%-1.2%-3.1%
HL_11212025_Quality_Momentum_RoomToRun_10%11212025HLHecla MiningQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
48.2%48.2%0.0%
CDE_11072025_Dip_Buyer_ValueBuy11072025CDECoeur MiningDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
27.4%27.4%-5.7%
ATR_10312025_Dip_Buyer_ValueBuy10312025ATRAptarGroupDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
5.8%5.8%-2.5%

Recent Active Movers

More From Trefis

Peer Comparisons for Innospec

Peers to compare with:

Financials

IOSPNEUSCLECLASHFULMedian
NameInnospec NewMarketStepan Ecolab Ashland H.B. Ful. 
Mkt Price78.12712.3847.09265.5859.3960.4869.30
Mkt Cap1.96.71.175.32.63.32.9
Rev LTM1,7892,7442,30415,7241,8243,5022,524
Op Inc LTM152566762,71888349250
FCF LTM28545321,574-412177
FCF 3Y Avg113481-191,658114220167
CFO LTM1036091562,62594242199
CFO 3Y Avg1825381702,531249348299

Growth & Margins

IOSPNEUSCLECLASHFULMedian
NameInnospec NewMarketStepan Ecolab Ashland H.B. Ful. 
Rev Chg LTM-4.5%-1.1%5.4%0.6%-13.7%-1.3%-1.2%
Rev Chg 3Y Avg-1.3%1.1%-5.5%5.2%-8.5%-1.7%-1.5%
Rev Chg Q-0.3%-4.8%7.9%1.0%-8.6%-2.8%-1.6%
QoQ Delta Rev Chg LTM-0.1%-1.2%1.9%0.3%-2.4%-0.7%-0.4%
Op Mgn LTM8.5%20.6%3.3%17.3%4.8%10.0%9.2%
Op Mgn 3Y Avg8.9%19.6%3.2%15.2%5.4%10.5%9.7%
QoQ Delta Op Mgn LTM-0.8%-1.1%-0.2%0.4%0.7%0.2%0.0%
CFO/Rev LTM5.7%22.2%6.8%16.7%5.2%6.9%6.9%
CFO/Rev 3Y Avg9.6%19.5%7.4%16.4%11.9%9.8%10.9%
FCF/Rev LTM1.5%19.9%1.4%10.0%-0.2%3.5%2.5%
FCF/Rev 3Y Avg5.9%17.5%-0.7%10.8%5.4%6.2%6.1%

Valuation

IOSPNEUSCLECLASHFULMedian
NameInnospec NewMarketStepan Ecolab Ashland H.B. Ful. 
Mkt Cap1.96.71.175.32.63.32.9
P/S1.12.40.54.81.40.91.2
P/EBIT12.810.712.625.0-3.410.711.7
P/E-1,616.714.923.835.2-3.028.719.3
P/CFO18.910.96.928.727.213.616.2
Total Yield-0.1%7.5%7.4%3.8%-31.6%4.6%4.2%
Dividend Yield0.0%0.7%3.2%0.9%1.5%1.1%1.0%
FCF Yield 3Y Avg4.3%8.6%-0.8%2.5%2.8%5.7%3.6%
D/E0.00.10.70.10.60.60.4
Net D/E-0.10.10.50.10.50.60.3

Returns

IOSPNEUSCLECLASHFULMedian
NameInnospec NewMarketStepan Ecolab Ashland H.B. Ful. 
1M Rtn10.0%-5.1%8.1%-0.9%19.4%6.6%7.3%
3M Rtn0.6%-12.6%-0.1%-0.3%21.4%2.4%0.2%
6M Rtn-5.3%6.5%-12.3%0.2%20.7%9.0%3.3%
12M Rtn-28.3%36.8%-28.1%11.5%-14.6%-10.2%-12.4%
3Y Rtn-21.6%142.9%-53.7%89.8%-41.4%-14.6%-18.1%
1M Excs Rtn6.6%-8.5%4.7%-4.3%16.0%3.2%4.0%
3M Excs Rtn-3.0%-18.3%-2.7%-5.3%20.0%1.6%-2.9%
6M Excs Rtn-19.2%-7.5%-26.3%-11.5%5.3%-14.5%-13.0%
12M Excs Rtn-44.1%21.5%-44.6%-4.3%-31.7%-26.7%-29.2%
3Y Excs Rtn-103.4%69.6%-134.8%12.7%-121.6%-96.6%-100.0%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Fuel Specialties696730618513584
Oilfield Services691594340255480
Performance Chemicals562640525425429
Octane Additives    21
Total1,9491,9641,4831,1931,513


Operating Income by Segment
$ Mil20242023202220212020
Fuel Specialties11012210584117
Oilfield Services794210-1040
Performance Chemicals5495715549
Adjustment to fair value of contingent consideration0    
Profit on disposal002  
Corporate costs-81-71-56-52-54
Impairment of intangible assets   -20 
Octane Additives   -3-1
Restructuring charge   -21 
Total16218713234150


Assets by Segment
$ Mil20242023202220212020
Performance Chemicals580610470392383
Fuel Specialties529501571510500
Oilfield Services311298231211317
Corporate287195299285245
Octane Additives    24
Total1,7071,6041,5711,3971,469


Price Behavior

Price Behavior
Market Price$78.12 
Market Cap ($ Bil)1.9 
First Trading Date05/13/1998 
Distance from 52W High-31.5% 
   50 Days200 Days
DMA Price$74.70$82.22
DMA Trenddowndown
Distance from DMA4.6%-5.0%
 3M1YR
Volatility23.7%27.0%
Downside Capture88.2396.78
Upside Capture73.0549.73
Correlation (SPY)33.1%53.6%
IOSP Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.640.670.600.830.760.88
Up Beta-1.17-0.59-0.020.610.760.86
Down Beta-0.520.720.710.970.730.77
Up Capture150%78%16%44%35%51%
Bmk +ve Days13263974142427
Stock +ve Days9202656114373
Down Capture110%109%115%119%103%103%
Bmk -ve Days7162452107323
Stock -ve Days11223769131373

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of IOSP With Other Asset Classes (Last 1Y)
 IOSPSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-26.9%10.6%19.2%71.9%8.9%6.0%-10.4%
Annualized Volatility26.9%20.0%19.5%19.3%15.3%17.1%35.0%
Sharpe Ratio-1.180.390.782.690.360.18-0.12
Correlation With Other Assets 72.0%53.8%5.8%20.0%55.4%29.9%

ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of IOSP With Other Asset Classes (Last 5Y)
 IOSPSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-1.0%7.3%14.9%18.7%11.7%4.8%32.6%
Annualized Volatility27.2%18.9%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio-0.020.290.700.970.510.170.59
Correlation With Other Assets 65.8%52.9%9.1%21.1%47.2%24.9%

ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of IOSP With Other Asset Classes (Last 10Y)
 IOSPSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return4.8%9.8%14.7%14.9%6.9%5.2%69.2%
Annualized Volatility31.3%20.8%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.220.430.700.830.310.220.90
Correlation With Other Assets 66.5%60.7%1.4%27.3%51.0%17.8%

ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity427,466
Short Interest: % Change Since 11302025-12.8%
Average Daily Volume282,415
Days-to-Cover Short Interest1.51
Basic Shares Quantity24,834,000
Short % of Basic Shares1.7%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/5/20252.4%6.0%5.1%
8/6/2025-3.1%2.3%6.4%
5/9/2025-3.1%-5.5%-5.4%
2/19/2025-7.0%-5.0%-10.3%
11/6/202412.4%9.7%6.1%
8/7/2024-10.3%-10.6%-8.4%
5/10/20243.9%3.2%-0.8%
2/14/20242.7%5.5%4.8%
...
SUMMARY STATS   
# Positive131615
# Negative1189
Median Positive2.4%4.8%6.1%
Median Negative-2.0%-4.5%-8.4%
Max Positive12.4%16.0%23.7%
Max Negative-10.3%-12.9%-29.4%

SEC Filings

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Report DateFiling DateFiling
93020251105202510-Q 9/30/2025
6302025806202510-Q 6/30/2025
3312025509202510-Q 3/31/2025
12312024219202510-K 12/31/2024
93020241106202410-Q 9/30/2024
6302024807202410-Q 6/30/2024
3312024510202410-Q 3/31/2024
12312023214202410-K 12/31/2023
93020231108202310-Q 9/30/2023
6302023809202310-Q 6/30/2023
3312023504202310-Q 3/31/2023
12312022222202310-K 12/31/2022
93020221109202210-Q 9/30/2022
6302022803202210-Q 6/30/2022
3312022504202210-Q 3/31/2022
12312021216202210-K 12/31/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0PARRETTE LESLIE J 11172025Buy74.0934025,191432,463Form