Tearsheet

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

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%

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 -12%

Low stock price volatility
Vol 12M is 24%

Megatrend and thematic drivers
Megatrends include Advanced Materials, Energy Transition & Decarbonization, and US Energy Independence. Themes include Specialty Chemicals for Performance, Show more.

Weak multi-year price returns
2Y Excs Rtn is -65%, 3Y Excs Rtn is -80%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.6%

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.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%
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 -12%
2 Low stock price volatility
Vol 12M is 24%
3 Megatrend and thematic drivers
Megatrends include Advanced Materials, Energy Transition & Decarbonization, and US Energy Independence. Themes include Specialty Chemicals for Performance, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -65%, 3Y Excs Rtn is -80%
5 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.6%
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.

IOSP in ETFs

Weight = IOSP's share of each fund

VTI0.00%
ITOT0.00%
IWM0.06%
IJR0.12%
VIG0.01%
VYM0.01%
VB0.03%
VIOV0.24%
+13 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/23/2026

Innospec (IOSP) stock has gained about 10% since 2/28/2026 because of the following key factors:

1. Innospec reported solid financial performance for fiscal Q1 2026, which ended March 31, 2026. Total revenues reached $453.2 million, a 3% increase compared to the same period in the prior year. The company highlighted continued strength in its Fuel Specialties segment and projected sequential operating income and margin growth for Performance Chemicals and Oilfield Services, despite the negative impacts of a U.S. winter storm.

2. The company announced enhanced shareholder returns by increasing its semi-annual dividend by 10% to $0.92 per common share. Additionally, Innospec authorized a new $75 million share repurchase program, reinforcing its commitment to returning capital to shareholders.

Show more
Updated on 6/23/2026

Innospec (IOSP) stock has gained about 10% since 2/28/2026 because of the following key factors:

1. Innospec reported solid financial performance for fiscal Q1 2026, which ended March 31, 2026. Total revenues reached $453.2 million, a 3% increase compared to the same period in the prior year. The company highlighted continued strength in its Fuel Specialties segment and projected sequential operating income and margin growth for Performance Chemicals and Oilfield Services, despite the negative impacts of a U.S. winter storm.

2. The company announced enhanced shareholder returns by increasing its semi-annual dividend by 10% to $0.92 per common share. Additionally, Innospec authorized a new $75 million share repurchase program, reinforcing its commitment to returning capital to shareholders.

3. Strength in the Fuel Specialties business segment, which accounted for 40% of net sales in fiscal Q1 2026, contributed significantly to the positive trend. This segment experienced a 7% increase in revenues and a 10% growth in volume compared to the previous year's first quarter.

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Stock Movement Drivers

Fundamental Drivers

The 9.2% change in IOSP stock from 2/28/2026 to 6/26/2026 was primarily driven by a 11.5% change in the company's P/E Multiple.
(LTM values as of)22820266262026Change
Stock Price ($)75.6982.639.2%
Change Contribution By: 
Total Revenues ($ Mil)1,7781,7900.7%
Net Income Margin (%)6.6%6.4%-2.7%
P/E Multiple16.117.911.5%
Shares Outstanding (Mil)25250.0%
Cumulative Contribution9.2%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/26/2026
ReturnCorrelation
IOSP9.2% 
Market (SPY)6.6%35.5%
Sector (XLB)-3.0%59.6%

Fundamental Drivers

The 11.8% change in IOSP stock from 11/30/2025 to 6/26/2026 was primarily driven by a 11.5% change in the company's P/S Multiple.
(LTM values as of)113020256262026Change
Stock Price ($)73.8982.6311.8%
Change Contribution By: 
Total Revenues ($ Mil)1,7891,7900.1%
P/S Multiple1.01.111.5%
Shares Outstanding (Mil)25250.2%
Cumulative Contribution11.8%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/26/2026
ReturnCorrelation
IOSP11.8% 
Market (SPY)7.3%31.3%
Sector (XLB)16.5%54.1%

Fundamental Drivers

The -0.5% change in IOSP stock from 5/31/2025 to 6/26/2026 was primarily driven by a -76.7% change in the company's P/E Multiple.
(LTM values as of)53120256262026Change
Stock Price ($)83.0882.63-0.5%
Change Contribution By: 
Total Revenues ($ Mil)1,7861,7900.2%
Net Income Margin (%)1.5%6.4%321.9%
P/E Multiple76.817.9-76.7%
Shares Outstanding (Mil)25250.8%
Cumulative Contribution-0.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/26/2026
ReturnCorrelation
IOSP-0.5% 
Market (SPY)25.1%33.1%
Sector (XLB)21.9%61.0%

Fundamental Drivers

The -5.7% change in IOSP stock from 5/31/2023 to 6/26/2026 was primarily driven by a -10.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)53120236262026Change
Stock Price ($)87.6482.63-5.7%
Change Contribution By: 
Total Revenues ($ Mil)2,0011,790-10.5%
Net Income Margin (%)6.5%6.4%-1.6%
P/E Multiple16.817.97.0%
Shares Outstanding (Mil)25250.1%
Cumulative Contribution-5.7%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/26/2026
ReturnCorrelation
IOSP-5.7% 
Market (SPY)81.3%48.4%
Sector (XLB)45.9%63.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
IOSP Return1%15%21%-10%-29%9%-1%
Peers Return20%-13%20%-8%-1%12%27%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
IOSP Win Rate50%58%50%42%33%50% 
Peers Win Rate57%45%57%47%45%60% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
IOSP Max Drawdown-22%-20%-19%-20%-38%-25% 
Peers Max Drawdown-17%-27%-24%-22%-27%-25% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[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] 2026 data is for the year up to 6/26/2026 (YTD)

How Low Can It Go

EventIOSPS&P 500
2024 Yen Carry Trade Unwind
  % Loss-13.1%-7.8%
  % Gain to Breakeven15.1%8.5%
  Time to Breakeven86 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-11.3%-9.5%
  % Gain to Breakeven12.7%10.5%
  Time to Breakeven18 days24 days
2023 SVB Regional Banking Crisis
  % Loss-17.1%-6.7%
  % Gain to Breakeven20.6%7.1%
  Time to Breakeven190 days31 days
2020 COVID-19 Crash
  % Loss-41.1%-33.7%
  % Gain to Breakeven69.9%50.9%
  Time to Breakeven341 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-22.0%-19.2%
  % Gain to Breakeven28.3%23.8%
  Time to Breakeven57 days105 days
2014-2016 Oil Price Collapse
  % Loss-15.6%-6.8%
  % Gain to Breakeven18.5%7.3%
  Time to Breakeven35 days15 days

Compare to NEU, SCL, ECL, ASH, FUL

In The Past

Innospec's stock fell -13.1% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 15.1% 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.

EventIOSPS&P 500
2020 COVID-19 Crash
  % Loss-41.1%-33.7%
  % Gain to Breakeven69.9%50.9%
  Time to Breakeven341 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-22.0%-19.2%
  % Gain to Breakeven28.3%23.8%
  Time to Breakeven57 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-36.8%-17.9%
  % Gain to Breakeven58.2%21.8%
  Time to Breakeven488 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-35.5%-15.4%
  % Gain to Breakeven55.0%18.2%
  Time to Breakeven59 days125 days
2008-2009 Global Financial Crisis
  % Loss-85.0%-53.4%
  % Gain to Breakeven565.1%114.4%
  Time to Breakeven606 days1085 days
Summer 2007 Credit Crunch
  % Loss-38.0%-8.6%
  % Gain to Breakeven61.2%9.5%
  Time to Breakeven1329 days47 days

Compare to NEU, SCL, ECL, ASH, FUL

In The Past

Innospec's stock fell -13.1% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 15.1% 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 Innospec (IOSP)

Innospec Inc. (IOSP) is a global specialty chemicals company that develops, manufactures, blends, markets, and supplies a diverse range of chemical solutions across multiple industries. With operations spanning North America, Europe, and other international markets, Innospec serves a broad spectrum of clients by providing essential chemical products and technologies.

The company operates through three main segments. Its Fuel Specialties segment offers chemical additives designed to enhance the performance and efficiency of various fuels used in automotive, marine, and aviation engines, as well as power station generators and heating oil. The Performance Chemicals segment provides technology-based solutions for customers in markets such as personal care, home care, agrochemical, and metal extraction. Additionally, the Oilfield Services segment develops and markets chemical solutions crucial for fracturing, stimulation, and completion operations, alongside products for oil and gas production and drilling mud loss prevention.

Innospec's primary customers include oil and gas exploration and production companies, oil refineries, fuel manufacturers and users, personal care and home care companies, and formulators of agrochemical and metal extraction products. The company's offerings are integral to improving processes and products across these diverse industrial and consumer-focused sectors.

AI Analysis | Feedback

Think of Innospec as a specialized, entirely B2B version of **DuPont** or **3M**, providing critical chemical ingredients and solutions across diverse industrial sectors like fuel, personal care, and oilfield services.

It's like an **Ecolab** focused on performance-enhancing chemicals for fuels, personal care products, and oil and gas operations, rather than hygiene and water treatment.

AI Analysis | Feedback

```html
  • Fuel Specialties Chemicals: Additives used in various fuels for automotive, marine, aviation, power generation, and heating applications.
  • Performance Chemicals: Technology-based chemical solutions for personal care, home care, agrochemical, and metal extraction markets.
  • Oilfield Services Chemicals: Chemical solutions for fracturing, stimulation, completion, and production operations in the oil and gas industry, as well as products to prevent mud loss in drilling.
```

AI Analysis | Feedback

Innospec (IOSP) sells its products primarily to other companies rather than individual consumers. Based on the provided background, its major customers fall into the following categories:

  • 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
  • Other chemical and industrial companies

The background description does not specify individual customer company names or their public symbols, but rather describes the types of industries and companies to which Innospec supplies its specialty chemicals.

AI Analysis | Feedback

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AI Analysis | Feedback

Patrick S. Williams, President and Chief Executive Officer

Patrick S. Williams was appointed President and Chief Executive Officer in April 2009. He previously served as Executive Vice President and President of Fuel Specialties for Innospec since 2005, and as Chief Executive Officer for the Corporation's Fuel Specialties business in the Americas since 1993. Since February 2020, he has also been a Non-Executive Director for AdvanSix Inc., a NYSE-listed chemicals manufacturer.

Ian Cleminson, Executive Vice President and Chief Financial Officer

Ian Cleminson joined Innospec in 2002 and has served as Executive Vice President and Chief Financial Officer since July 2006. Prior to joining Innospec, he was the Financial Controller of the Superabsorbents division of BASF plc for three years. Earlier in his career, he worked as a senior manager in the corporate tax department of KPMG and began his career in 1989 at the Ford Campbell accounting firm.

Milton C. Blackmore, Chairman of the Board

Milton C. Blackmore most recently served as the Senior Vice President, Marketing and Product Supply for Sinclair Oil Corporation, and was on their Board of Directors until his retirement in 2009. He also held the position of Chairman of Sinclair Marketing Inc., the company's convenience store business. Before his time at Sinclair, Mr. Blackmore spent 26 years with Kerr-McGee Refining Corporation, where he held various accounting, marketing, and general management positions, including General Manager, Branded Marketing.

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

David B. Jones serves as the Senior Vice President, General Counsel, and Chief Compliance Officer for Innospec Inc.

Corbin Barnes, Senior Vice President, Corporate Development and Investor Relations

Corbin Barnes holds the position of Senior Vice President, Corporate Development and Investor Relations at Innospec Inc.

AI Analysis | Feedback

The key risks to Innospec's business are primarily tied to its significant exposure to the fossil fuel industry and the broader global energy transition.
  1. Global Energy Transition and Reduced Demand for Fossil Fuels: A substantial portion of Innospec's business, particularly its Fuel Specialties and Oilfield Services segments, is directly dependent on the production and consumption of fossil fuels. As the world increasingly shifts towards renewable energy sources and electric vehicles, the long-term demand for traditional fuels and associated exploration and production activities is expected to decline. While the Fuel Specialties segment has shown steady profitability, its long-term growth profile is estimated at 2-3%. The Oilfield Services segment has already experienced significant declines, with revenue falling 45.46% from its peak by 2025, and a 37% year-over-year revenue decrease in Q1 2025 alone, raising concerns about overall market demand for its products. The chemical industry, as a whole, is undergoing a transformation to align with global sustainability goals, which could fundamentally alter operational models and product demand for companies like Innospec.
  2. Volatility in Oil and Natural Gas Prices: Innospec's Oilfield Services segment is highly susceptible to fluctuations in crude oil and natural gas prices. Sustained low prices typically lead to reduced exploration, drilling, and production activities by oil and gas companies, directly diminishing the demand for Innospec's chemical solutions used in fracturing, stimulation, and completion operations. This segment is explicitly identified as the most volatile due to its exposure to these price swings.
  3. Evolving and Increasingly Stringent Environmental Regulations: The chemical manufacturing sector, including Innospec, is sensitive to changing economic and regulatory landscapes. Stricter global and regional environmental regulations regarding fuel composition, emissions, chemical usage in industries such as personal care and agrochemicals, and methods of oil and gas extraction could necessitate significant research and development investments, impact product formulations, or restrict market access for some of Innospec's offerings. Governments worldwide are implementing bans and levies on single-use plastics and incorporating chemicals into sustainability roadmaps, requiring companies to adapt and potentially incur substantial financial investments.

AI Analysis | Feedback

The global energy transition away from fossil fuels, driven by the increasing adoption of electric vehicles (EVs), renewable energy sources for power generation, and a broader push for decarbonization, poses a significant emerging threat to Innospec's Fuel Specialties and Oilfield Services segments.

AI Analysis | Feedback

Addressable Markets for Innospec (IOSP) Main Products and Services

Innospec Inc. operates in several specialty chemical markets. The addressable market sizes for their main products and services are as follows:

Fuel Specialties Segment

  • The global specialty fuel additives market was valued at approximately USD 11.27 billion in 2024 and is projected to reach around USD 22.4 billion by 2034, growing at a compound annual growth rate (CAGR) of 7.11% from 2025 to 2034.

Performance Chemicals Segment

  • Personal Care Ingredients: The global personal care ingredients market size was USD 13.17 billion in 2024 and is projected to reach USD 17.00 billion by 2030, exhibiting a CAGR of 4.40% between 2025 and 2030.
  • Home Care Ingredients: The global home care ingredients market size was valued at USD 25.69 billion in 2022 and is estimated to reach USD 42.49 billion by 2031, growing at a CAGR of 5.75% during the forecast period (2023–2031).
  • Agrochemicals: The global agrochemicals market size was valued at USD 297.7 billion in 2024. This market is estimated to reach USD 394.8 billion by 2033, exhibiting a CAGR of 3.2% from 2025 to 2033.
  • Metal Extraction Chemicals: The global metal extractant market was valued at USD 249 million in 2024 and is projected to reach USD 784.52 million by 2030, exhibiting a CAGR of 13.60% during the forecast period. Additionally, the broader global mining chemicals market was valued at USD 11.8 billion in 2024 and is expected to reach USD 20.3 billion by 2034, growing at a CAGR of 5.6% from 2025 to 2034.

Oilfield Services Segment

  • Oilfield Chemicals: The global oilfield chemicals market was valued at USD 33.85 billion in 2025 and is projected to reach approximately USD 53.38 billion by 2035, growing at a CAGR of 4.66% from 2026 to 2035.
  • Drilling and Completion Fluids: The global drilling and completion fluids market size is expected to grow from USD 10.73 billion in 2025 to USD 13.52 billion by 2031, at a CAGR of 3.85% over 2026-2031.

AI Analysis | Feedback

Innospec Inc. (IOSP) is expected to drive future revenue growth over the next two to three years through several key initiatives across its business segments:

  1. Commercialization of New, Higher-Margin Products: Innospec is focused on accelerating its pipeline of new products across all end markets, with a particular emphasis on higher-margin offerings. This strategy is expected to contribute to revenue growth and enhance overall profitability. The company is "increasing our output on new products in the portfolio, which is gonna build upon throughout the year as well," with these products being "higher margin products". Management explicitly stated an acceleration of their "strong pipeline of new products across all our end markets" to drive improvement in 2026.
  2. Increased Oilfield Services Activity, particularly in the Middle East and through Drag Reducing Agents (DRAs): The Oilfield Services segment anticipates revenue growth driven by a recovery in activity in the Middle East and the expansion of its drag-reducing agents (DRAs) business. Innospec expects to see sales in the Middle East "really pull its weight in Q2, Q3, Q4," extending beyond just Saudi Aramco to the broader regional market. The company is focused on delivering operating income growth in 2026 as "Middle East activity returns and our recent DRA expansion takes effect". The 2026 plan specifically targets 5-7% revenue growth for Oilfield Services, led by Middle East activity and a DRA ramp.
  3. Margin and Operating Income Improvement in Performance Chemicals and Oilfield Services: Innospec is prioritizing margin and operating income improvements in both its Performance Chemicals and Oilfield Services segments. These improvements are expected to be driven by new technology commercialization, margin enhancement initiatives, contractual pricing mechanisms, and manufacturing efficiencies. For Performance Chemicals, growth is projected to be "roughly flat" in 2026, with margin improvement weighted towards the second half, supported by a richer product portfolio as higher-margin new products scale.
  4. Consistent Performance and Long-Term Growth in Fuel Specialties: The Fuel Specialties segment is expected to continue delivering consistent results and act as a stabilizer for the company's overall performance. Management anticipates a 2-3% long-term growth profile for this segment, providing a steady contribution to total revenue growth. This consistent performance is considered "central to the broader thesis because it can help buffer volatility while other segments work through timing disruptions and mix-driven recovery plans."

AI Analysis | Feedback

Share Repurchases

  • Innospec's Board of Directors approved a new $50 million share repurchase program on March 10, 2025, following the expiration of a previous $50 million program in the first quarter of 2025.
  • The company repurchased 247,000 shares at a cost of $22.2 million for the full year 2025.
  • During the third quarter of 2025, Innospec made $10.7 million in share repurchases.

Share Issuance

  • On February 16, 2026, Patrick Williams, President and CEO, received 18,966 shares of common stock at no cost through the settlement of a performance-based restricted stock unit grant from February 27, 2023.
  • Ian Malcolm McRobbie, Senior VP R&T, was granted 2,228 shares of phantom stock on February 23, 2026, which are economically equivalent to common stock and will settle in cash.

Outbound Investments

  • Innospec acquired QGP, its Mexican oilfield production business, in 2023. In the third quarter of 2025, there was an $18.5 million reduction to the fair value of contingent consideration related to this acquisition.
  • The company maintains significant balance sheet flexibility for future mergers and acquisitions (M&A), with a focus on adding technology and expanding geographically, particularly in Performance Chemicals and Fuel Specialties.

Capital Expenditures

  • For the full year 2025, capital expenditures contributed to cash from operations after capital expenditures totaling $63.9 million, compared to $122.7 million in 2024.
  • Capital expenditures were $20.5 million in the fourth quarter of 2025 and $22.2 million in the third quarter of 2025.
  • The company's research, product/application development, and technical support expenditures, which underpin growth in its segments, were $47.8 million in 2024, $41.7 million in 2023, and $38.7 million in 2022.

Better Bets vs. Innospec (IOSP)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

IOSPNEUSCLECLASHFULMedian
NameInnospec NewMarketStepan Ecolab Ashland H.B. Ful. 
Mkt Price82.63792.8255.71283.6563.9463.2573.28
Mkt Cap2.07.41.380.02.93.53.2
Rev LTM1,7902,6942,34316,4521,8083,4562,519
Op Inc LTM145527572,97682383264
FCF LTM54484371,870198145172
FCF 3Y Avg106495431,811180175177
CFO LTM1285731583,029283312298
CFO 3Y Avg1755601912,809306312309

Growth & Margins

IOSPNEUSCLECLASHFULMedian
NameInnospec NewMarketStepan Ecolab Ashland H.B. Ful. 
Rev Chg LTM0.2%-3.5%5.5%4.9%-7.3%-2.6%-1.2%
Rev Chg 3Y Avg-3.6%-1.3%-4.6%4.3%-9.0%-2.2%-2.9%
Rev Chg Q2.8%-4.5%1.9%10.0%0.6%-2.3%1.3%
QoQ Delta Rev Chg LTM0.7%-1.1%0.5%2.3%0.2%-0.5%0.3%
Op Inc Chg LTM-16.2%-13.5%-27.9%12.2%-29.9%11.4%-14.8%
Op Inc Chg 3Y Avg-7.4%11.4%-25.0%18.4%19.3%3.2%7.3%
Op Mgn LTM8.1%19.6%2.4%18.1%4.5%11.1%9.6%
Op Mgn 3Y Avg8.9%20.0%3.1%16.6%4.2%10.6%9.7%
QoQ Delta Op Mgn LTM-0.7%-0.4%-0.5%0.1%0.3%0.2%-0.1%
CFO/Rev LTM7.1%21.3%6.7%18.4%15.7%9.0%12.3%
CFO/Rev 3Y Avg9.4%20.6%8.5%17.7%15.4%8.9%12.4%
FCF/Rev LTM3.0%18.0%1.6%11.4%11.0%4.2%7.6%
FCF/Rev 3Y Avg5.7%18.2%1.9%11.4%9.1%5.0%7.4%

Valuation

IOSPNEUSCLECLASHFULMedian
NameInnospec NewMarketStepan Ecolab Ashland H.B. Ful. 
Mkt Cap2.07.41.380.02.93.53.2
P/S1.12.70.54.91.61.01.4
P/Op Inc14.114.022.426.935.99.018.3
P/EBIT14.112.617.327.5-5.19.713.4
P/E17.918.0-89.738.0-4.221.718.0
P/CFO16.012.98.126.410.411.112.0
Total Yield5.6%6.3%1.7%3.6%-23.4%5.7%4.6%
Dividend Yield0.0%0.8%2.8%1.0%0.6%1.1%0.9%
FCF Yield 3Y Avg4.0%8.5%2.6%2.6%5.1%4.6%4.3%
D/E0.00.10.50.10.50.60.3
Net D/E-0.10.10.40.10.40.60.3

Returns

IOSPNEUSCLECLASHFULMedian
NameInnospec NewMarketStepan Ecolab Ashland H.B. Ful. 
1M Rtn0.4%2.1%4.6%8.3%12.4%2.1%3.4%
3M Rtn15.8%26.8%13.4%8.8%21.1%7.3%14.6%
6M Rtn6.6%12.8%20.2%7.3%8.6%4.8%8.0%
12M Rtn0.3%18.3%4.1%8.9%29.1%3.7%6.5%
3Y Rtn-11.7%109.3%-35.0%61.8%-17.6%2.3%-4.7%
1M Excs Rtn2.6%4.3%6.9%10.5%14.6%4.3%5.6%
3M Excs Rtn2.0%12.9%-1.4%-5.9%5.3%-2.1%0.3%
6M Excs Rtn0.6%6.5%15.1%1.3%3.3%-0.5%2.3%
12M Excs Rtn-19.4%-1.2%-15.3%-13.1%11.1%-5.9%-9.5%
3Y Excs Rtn-80.3%40.5%-104.4%-6.6%-87.1%-66.1%-73.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Fuel Specialties702701696730618
Performance Chemicals681654562640525
Oilfield Services395491691594340
Total1,7781,8451,9491,9641,483


Operating Income by Segment
$ Mil20252024202320222021
Fuel Specialties145130110122105
Performance Chemicals6183549571
Oilfield Services2339794210
Adjustment to fair value of contingent consideration16-30  
Profit on disposal of property, plant and equipment00   
Restructuring charge-10   
Impairment of intangible assets-190   
Impairment of property, plant and equipment-230   
Corporate costs-73-70-81-71-56
Profit on disposal  002
Total130178162187132


Assets by Segment
$ Mil20252024202320222021
Fuel Specialties626554529501571
Performance Chemicals602598580610470
Corporate393310287195299
Oilfield Services212272311298231
Total1,8321,7351,7071,6041,571


Price Behavior

Price Behavior
Market Price$82.63 
Market Cap ($ Bil)2.0 
First Trading Date05/13/1998 
Distance from 52W High-5.4% 
   50 Days200 Days
DMA Price$79.55$76.64
DMA Trendindeterminateup
Distance from DMA3.9%7.8%
 3M1YR
Volatility23.0%24.3%
Downside Capture38.7873.28
Upside Capture71.1557.38
Correlation (SPY)31.8%31.5%
IOSP Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta1.671.090.740.660.710.87
Up Beta0.860.900.270.400.480.83
Down Beta2.471.600.440.660.780.76
Up Capture186%103%100%78%54%57%
Bmk +ve Days13283667141432
Stock +ve Days12243265121376
Down Capture166%136%105%75%95%102%
Bmk -ve Days7132757109318
Stock -ve Days7163058127369

[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 IOSP
IOSP1.3%24.2%0.00-
Sector ETF (XLB)20.7%17.5%0.9260.6%
Equity (SPY)21.2%12.4%1.2631.5%
Gold (GLD)21.8%27.7%0.706.0%
Commodities (DBC)21.8%18.6%0.92-11.4%
Real Estate (VNQ)16.1%13.6%0.8541.3%
Bitcoin (BTCUSD)-44.7%42.5%-1.2714.6%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with IOSP
IOSP-0.5%26.6%-0.02-
Sector ETF (XLB)7.2%19.0%0.2764.1%
Equity (SPY)13.4%17.1%0.6152.3%
Gold (GLD)17.8%18.3%0.797.4%
Commodities (DBC)7.4%19.5%0.2815.5%
Real Estate (VNQ)3.4%18.9%0.0847.8%
Bitcoin (BTCUSD)10.7%54.0%0.3920.4%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with IOSP
IOSP7.3%31.3%0.29-
Sector ETF (XLB)10.3%20.7%0.4467.5%
Equity (SPY)15.2%18.0%0.7261.0%
Gold (GLD)11.8%16.1%0.602.4%
Commodities (DBC)5.9%18.0%0.2624.6%
Real Estate (VNQ)5.6%20.7%0.2351.7%
Bitcoin (BTCUSD)54.6%66.4%0.9516.9%

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

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity0.4 Mil
Short Interest: % Change Since 53120268.9%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest2.2 days
Basic Shares Quantity24.8 Mil
Short % of Basic Shares1.6%

Earnings Returns History

Updated 6/11/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/8/20265.1%4.4%7.4%
2/18/20260.3%-7.9%-21.6%
11/5/20252.4%4.7%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%
...
SUMMARY STATS   
# Positive141715
# Negative1079
Median Positive2.6%4.4%6.1%
Median Negative-2.5%-5.0%-8.4%
Max Positive12.4%16.0%23.7%
Max Negative-10.3%-10.6%-21.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/8/20265.1%4.4%7.4%
2/18/20260.3%-7.9%-21.6%
11/5/20252.4%4.7%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%
11/8/20232.0%9.5%12.0%
8/8/20233.1%1.0%0.2%
5/3/20231.4%-2.1%1.4%
2/22/2023-3.4%-2.8%-11.3%
11/9/2022-0.6%8.6%7.9%
8/3/2022-2.0%-4.0%-7.1%
5/4/20222.8%1.0%9.6%
2/16/20225.8%2.3%1.3%
11/3/2021-0.6%0.2%-9.5%
8/4/2021-1.9%6.5%5.4%
5/5/20211.3%2.8%3.7%
2/17/20210.3%4.1%6.8%
11/4/20202.0%16.0%23.7%
8/5/2020-1.7%6.2%-2.3%
SUMMARY STATS   
# Positive141715
# Negative1079
Median Positive2.6%4.4%6.1%
Median Negative-2.5%-5.0%-8.4%
Max Positive12.4%16.0%23.7%
Max Negative-10.3%-10.6%-21.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/08/202610-Q
12/31/202502/18/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/09/202510-Q
12/31/202402/19/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/10/202410-Q
12/31/202302/14/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/04/202310-Q
12/31/202202/22/202310-K
09/30/202211/09/202210-Q
06/30/202208/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/08/202610-Q
12/31/202502/18/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/09/202510-Q
12/31/202402/19/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/10/202410-Q
12/31/202302/14/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/04/202310-Q
12/31/202202/22/202310-K
09/30/202211/09/202210-Q
06/30/202208/03/202210-Q
03/31/202205/04/202210-Q
12/31/202102/16/202210-K
09/30/202111/03/202110-Q
06/30/202108/04/202110-Q
03/31/202105/05/202110-Q
12/31/202002/17/202110-K
09/30/202011/04/202010-Q
06/30/202008/05/202010-Q
03/31/202005/06/202010-Q
12/31/201902/19/202010-K
09/30/201911/06/201910-Q
06/30/201908/06/201910-Q

Insider Activity

Updated 4/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Jones, David BSVP, GC & CCODirectSell303202675.641,02877,7581,111,379Form
2Blackmore, Milton C DirectSell303202676.5659445,474806,137Form
3Padfield, Larry DirectSell303202676.5659445,474723,686Form
4Poccia, Claudia DirectSell303202676.561199,110498,228Form
5Landless, David DirectSell303202676.5659445,474584,277Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Jones, David BSVP, GC & CCODirectSell303202675.641,02877,7581,111,379Form
2Blackmore, Milton C DirectSell303202676.5659445,474806,137Form
3Padfield, Larry DirectSell303202676.5659445,474723,686Form
4Poccia, Claudia DirectSell303202676.561199,110498,228Form
5Landless, David DirectSell303202676.5659445,474584,277Form
6Cleminson, IanEVP & CFODirectSell303202676.562,380182,2131,558,532Form
7Blackmore, Milton C DirectSell224202681.841,03084,296784,445Form
8Padfield, Larry DirectSell224202681.841,03084,296696,302Form
9Parrette, Leslie J DirectBuy1117202574.0934025,191432,463Form
10Parrette, Leslie J DirectSell515202590.6344640,421498,190Form
Core Cache Last Updated: 6/26/2026