Tearsheet

Solesence (SLSN)


Market Price (4/23/2026): $1.145 | Market Cap: $80.8 Mil
Sector: Consumer Staples | Industry: Household Products

Solesence (SLSN)


Market Price (4/23/2026): $1.145
Market Cap: $80.8 Mil
Sector: Consumer Staples
Industry: Household Products

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

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 19%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28%

Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, Sustainable Consumption, and Advanced Materials. Themes include Organic & Natural Products, Show more.

Weak multi-year price returns
2Y Excs Rtn is -78%, 3Y Excs Rtn is -108%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 29x, P/EPrice/Earnings or Price/(Net Income) is 45x

Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.7%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -15%

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 -2.1%

High stock price volatility
Vol 12M is 103%

Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 18.5

Key risks
SLSN key risks include [1] its dependence on a limited number of key customers and [2] a deteriorating financial position marked by a recent revenue decline, Show more.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 19%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28%
2 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, Sustainable Consumption, and Advanced Materials. Themes include Organic & Natural Products, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -78%, 3Y Excs Rtn is -108%
4 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 29x, P/EPrice/Earnings or Price/(Net Income) is 45x
5 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.7%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -15%
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 -2.1%
8 High stock price volatility
Vol 12M is 103%
9 Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 18.5
10 Key risks
SLSN key risks include [1] its dependence on a limited number of key customers and [2] a deteriorating financial position marked by a recent revenue decline, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Solesence (SLSN) stock has lost about 30% since 12/31/2025 because of the following key factors:

1. Deterioration in Full-Year Profitability Despite Revenue Growth. Solesence achieved record full-year 2025 revenue of $62.1 million, marking a 19% increase over 2024. However, this top-line growth was accompanied by a significant decline in profitability, with the full-year gross margin falling to 26% from 31% in 2024, and net income decreasing sharply to $1.8 million from $4.2 million in the prior year.

2. Operational Inefficiencies and Transition Costs. The company's financial performance was negatively impacted by operational inefficiencies, elevated labor costs, and inventory yield volatility, which were attributed to rapid growth and scaling. Additionally, Solesence incurred transition costs, including relocation charges, as it consolidated from three facilities to two, further pressuring gross margins and overall profitability in 2025.

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Stock Movement Drivers

Fundamental Drivers

The -27.9% change in SLSN stock from 12/31/2025 to 4/22/2026 was primarily driven by a -56.9% change in the company's P/E Multiple.
(LTM values as of)123120254222026Change
Stock Price ($)1.591.15-27.9%
Change Contribution By: 
Total Revenues ($ Mil)6262-0.1%
Net Income Margin (%)1.7%2.9%67.7%
P/E Multiple105.245.3-56.9%
Shares Outstanding (Mil)7171-0.1%
Cumulative Contribution-27.9%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/22/2026
ReturnCorrelation
SLSN-27.9% 
Market (SPY)-5.4%37.3%
Sector (XLP)5.7%19.2%

Fundamental Drivers

The -64.3% change in SLSN stock from 9/30/2025 to 4/22/2026 was primarily driven by a -64.5% change in the company's Net Income Margin (%).
(LTM values as of)93020254222026Change
Stock Price ($)3.221.15-64.3%
Change Contribution By: 
Total Revenues ($ Mil)6462-3.7%
Net Income Margin (%)8.1%2.9%-64.5%
P/E Multiple43.245.35.0%
Shares Outstanding (Mil)7071-0.5%
Cumulative Contribution-64.3%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/22/2026
ReturnCorrelation
SLSN-64.3% 
Market (SPY)-2.9%24.2%
Sector (XLP)5.6%11.2%

Fundamental Drivers

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Market Drivers

3/31/2025 to 4/22/2026
ReturnCorrelation
SLSN  
Market (SPY)16.3%20.0%
Sector (XLP)2.7%9.8%

Fundamental Drivers

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Market Drivers

3/31/2023 to 4/22/2026
ReturnCorrelation
SLSN  
Market (SPY)63.3%20.0%
Sector (XLP)18.6%9.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SLSN Return-----11%-31%-38%
Peers Return31%0%21%-8%-13%2%29%
S&P 500 Return27%-19%24%23%16%3%88%

Monthly Win Rates [3]
SLSN Win Rate----56%25% 
Peers Win Rate65%48%57%47%45%65% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SLSN Max Drawdown-----11%-49% 
Peers Max Drawdown-6%-32%-29%-18%-32%-11% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SCL, SXT, ASH, IFF, ELF.
[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 4/22/2026 (YTD)

How Low Can It Go

SLSN has limited trading history. Below is the Consumer Staples sector ETF (XLP) in its place.

Unique KeyEventXLPS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-17.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven21.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven682 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-24.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven33.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven154 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-16.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven19.9%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven404 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-33.4%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven50.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven605 days1,480 days

Compare to SCL, SXT, ASH, IFF, ELF

In The Past

SPDR Select Sector Fund's stock fell -17.5% during the 2022 Inflation Shock from a high on 4/20/2022. A -17.5% loss requires a 21.2% gain to breakeven.

Preserve Wealth

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Asset Allocation

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About Solesence (SLSN)

Nanophase Technologies Corporation provides engineered materials, formulation development, and commercial manufacturing with an integrated family of technologies in the United States. It offers surface engineered zinc oxide and titanium dioxide for sunscreens and personal care products; fully formulated cosmetics, sun care, and skin care under the Solésence brand name; and advanced materials products, such as architectural coatings, industrial coatings, abrasion-resistant additives, plastics additives, medical diagnostics, and various surface finishing technologies applications. The company was incorporated in 1989 and is headquartered in Romeoville, Illinois.

AI Analysis | Feedback

Here are 1-2 analogies to describe Solesence (SLSN):

  • They're like the 'Intel Inside' for sunscreens and premium skincare, supplying specialized ingredients and advanced formulations to other beauty brands.
  • Imagine a company like Foxconn, but instead of consumer electronics, they specialize in creating advanced materials and fully formulated products (like sunscreens, skincare, and industrial coatings) that other brands then sell under their own name.

AI Analysis | Feedback

  • Surface Engineered Minerals: Zinc oxide and titanium dioxide specifically designed for sunscreens and personal care products.
  • Solésence Branded Formulations: A line of fully formulated cosmetics, sun care, and skin care products.
  • Advanced Materials Products: Materials used in various applications such as architectural coatings, industrial coatings, abrasion-resistant additives, plastics additives, medical diagnostics, and surface finishing technologies.

AI Analysis | Feedback

Solesence (SLSN) primarily sells its products and services to other companies (B2B) across various industries. While specific major customer company names are not disclosed in the provided background information, the company's offerings indicate its major customers fall into the following categories:

  1. Beauty and Personal Care Product Brands/Manufacturers: These customers purchase Solesence's surface-engineered zinc oxide and titanium dioxide for use as ingredients in their sunscreens and other personal care products. They also acquire fully formulated cosmetics, sun care, and skin care products under the Solésence brand name, likely for private labeling or contract manufacturing.
  2. Industrial Materials and Coatings Manufacturers: This category includes companies that produce architectural coatings, industrial coatings, and various plastics. These customers utilize Solesence's advanced materials, such as abrasion-resistant additives and other specialized components for surface finishing technologies.
  3. Medical Diagnostics Companies: Manufacturers within the medical diagnostics sector constitute another customer segment, leveraging Solesence's advanced materials for their specific applications in this field.

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Here is the management team for Solesence (SLSN):

Kevin Cureton, President and Chief Executive Officer

Kevin Cureton was appointed President and Chief Executive Officer of Solesence effective September 3, 2025, having joined the company in November 2012. He previously served as Chief Operating Officer since December 2019 and as Chief Commercial Officer since January 2018. With over two decades of experience in the chemical industry, primarily in personal care, he founded and served as Managing Director of AMCOL International Corporation's skin care and dermatology technology business. He is also noted as the founder and Chief Operating Officer of Solésence Beauty Science. Mr. Cureton has advised early-stage companies and helped launch one of the first applications of facial recognition technology for personalized product recommendations. His prior experience also includes contributions at Air Products and Borden. He holds a Bachelor of Science in chemical engineering from Carnegie Mellon University and an M.B.A. from the University of Chicago Booth School of Business.

Laura Riffner, Chief Financial Officer

Laura Riffner was appointed Chief Financial Officer of Solesence effective September 3, 2025, bringing over 35 years of financial and operational expertise. From 2002 to 2024, she served as Chief Financial Officer and later as Chief Finance and Strategy Officer at Nagase America, a global distributor and manufacturer of specialty chemicals. In this role, she streamlined budget planning and analysis, enhanced operations management, and successfully oversaw Nagase America's acquisition of Fitz Chem. Ms. Riffner also previously held the position of Chief Financial Officer at Paxton/Patterson, an education technology firm. She holds a B.A. in international business from Benedictine University and is a licensed Certified Public Accountant.

Dr. Harry Sarkas, Chief Scientific Officer

Dr. Harry Sarkas is responsible for overseeing technology platform innovation at Solesence. He is an expert in photophysics and related chemistries, with more than 25 years of direct experience in material synthesis, production, characterization, and product development. Dr. Sarkas is the author or co-author of over 45 patents, including the company's Active Stress Defense™ and Kleair™ technologies, and has authored over 40 technical publications.

Harrison King, Head of Manufacturing and Supply Chain Operations

Harrison King oversees all manufacturing and supply chain operations for Solesence, encompassing bulk production, filling, and purchasing. He brings over 25 years of experience in manufacturing, problem-solving, scheduling, preventative maintenance, project management, quality systems, and P&L management. Mr. King is well-versed in lean concepts and the theory of constraints, and his previous experience includes management roles at companies such as Blistex and Avon.

Yoana Dvorzsak, Vice President of Innovation and Product Integrity

Yoana Dvorzsak was appointed Vice President of Innovation and Product Integrity on November 10, 2025. In this role, she leads a unified group combining research and development, product and component development, regulatory, and quality operations. She is a co-founder of Solésence's consumer products line and has led numerous client programs from concept to launch. Ms. Dvorzsak possesses a strong formulation background, having developed skin care and color cosmetics products for multiple global brands, and is experienced in regulatory compliance. She was recognized as a 2025 CEW Innovator Honoree.

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Key Risks to Solesence (SLSN)

  1. Evolving Regulatory Landscape and Consumer Preferences for Personal Care Ingredients: Solesence's core business heavily relies on surface-engineered zinc oxide and titanium dioxide for sunscreens and personal care products, as well as its fully formulated Solésence brand products. The regulatory environment for these ingredients, particularly nanoparticles, is subject to change, and shifts in consumer perception regarding their safety or efficacy could significantly impact demand and require costly adaptations. Although current scientific evidence generally supports the safety of these nanoparticles in sunscreens when used as directed, ongoing discussions and evolving understanding could still pose a risk to the business.
  2. Intense Competition in Personal Care and Advanced Materials Markets: The company operates in highly competitive industries, supplying both engineered materials and finished personal care products. Solesence faces competition from larger, more diversified advanced materials and chemical companies, as well as established beauty and personal care brands. This competitive pressure could lead to challenges in maintaining market share, pricing flexibility, and the necessity for continuous innovation and significant research and development investments.
  3. Financial Challenges and Operational Headwinds: Solesence has recently faced operational challenges, including margin compression and slowing revenue growth. Financial analyses have highlighted concerns such as a relatively high debt-to-equity ratio and limited liquidity, indicating potential financial strain. These factors could necessitate the need for additional capital or impact the company's ability to fund future growth and operations.

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Here are the addressable market sizes for Solesence's main products and services:

  • Surface Engineered Zinc Oxide and Titanium Dioxide for Sunscreens and Personal Care Products:
    • The global mineral sunscreen market was valued at approximately USD 4.85 billion in 2025 and is projected to reach USD 15.35 billion by 2034. North America accounts for approximately 36% of this market. The U.S. mineral sunscreen market size is projected to be USD 2,426.65 million by 2029.
    • The global market for zinc oxide for sunscreens is projected to grow from USD 2,851.6 million in 2025 to USD 8,777.9 million by 2035. Key growth regions include North America, Asia Pacific, and Europe.
    • The global zinc oxide for cosmetics market size was valued at USD 311 million in 2025 and is projected to grow to USD 448 million by 2034. The Asia-Pacific region dominates this market.
  • Fully Formulated Cosmetics, Sun Care, and Skin Care (under the Solésence brand name):
    • The global sun care cosmetics market is likely to be valued at USD 11.2 billion in 2025 and is estimated to reach USD 18.3 billion in 2032. Asia Pacific holds about a 39.6% share in 2025, and North America is the fastest-growing region.
    • The U.S. sun care cosmetics market size was estimated at USD 1,977.7 million in 2024 and is expected to grow to USD 3,769.9 million by 2033.
    • The global cosmeceuticals market is projected to expand from USD 81.27 billion in 2025 to USD 117.48 billion by 2031.
    • The global cosmetics market was valued at USD 83.65 billion in 2026 and is forecast to reach USD 101.13 billion by 2031.
    • The global personal care and cosmetics sunscreen market was valued at USD 502 million in 2024 and is projected to grow to USD 865 million by 2034.
  • Advanced Materials Products:
    • Architectural Coatings: The global architectural coatings market size was valued at USD 93.82 billion in 2025 and is projected to reach USD 146.30 billion by 2034. Asia Pacific held a significant market share in this sector.
    • Industrial Coatings: The global industrial coatings market was estimated at USD 110 billion in 2024 and is projected to grow to USD 171.1 billion by 2035. North America is the largest market, holding approximately 40% of the global share, while the Asia-Pacific region is the fastest-growing market. Another source indicates the global industrial coatings market was valued at USD 215.5 billion in 2024 and is projected to reach USD 345.8 billion by 2034.
    • Abrasion-Resistant Coatings: The global abrasion-resistant coatings market size was valued at USD 11.18 billion in 2024 and is expected to reach USD 18.92 billion by 2032. Europe is estimated to be the largest market, and Asia Pacific is expected to grow the fastest.
    • Plastics Additives: The global plastic additives market was valued at USD 63.47 billion in 2025 and is projected to grow to USD 104.83 billion by 2034. Asia Pacific dominated this market with a 38.8% share in 2025, and the U.S. market is projected to reach USD 16.44 billion by 2032.
    • Medical Diagnostics (Materials): The global medical supplies and labware market size is expected to grow from USD 157.6 billion in 2025 to USD 234.21 billion by 2034. North America dominated this market with 43% in 2023, while Asia Pacific is expected to exhibit the fastest growth. The medical diagnostics market size is forecast to increase by USD 79.3 billion globally, at a CAGR of 6.7% between 2024 and 2029.
    • Surface Finishing Technologies: The global surface finishing market was valued at over USD 85 billion in 2023 and is expected to reach approximately USD 115 billion by 2030. Asia-Pacific holds the largest market share in this sector. Another source states the global surface treatments market was valued at USD 105.3 billion in 2024 and is expected to grow to USD 205.1 billion in 2034.

AI Analysis | Feedback

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

  1. Expansion through New Brand Partnerships and Product Launches: Solesence anticipates significant revenue growth by continuing to secure large customer orders and launching new product lines with key brand partners. For instance, the company successfully launched a multi-SKU product line for a new strategic brand partner in Q1 2025, which was described as its largest product launch to date. Solesence aims to expand its partnerships with leading beauty and health brands, thereby increasing its overall market reach.
  2. Growth in the Mineral-Based SPF and Clean Beauty Market: The company is strategically focused on reinforcing its position in the mineral-based SPF segment, which is projected to be one of the fastest-growing areas in the beauty industry over the next five years. Solesence, known for its scientifically-driven mineral-based skincare and makeup products, benefits from the strong consumer trend towards clean beauty and effective sun protection.
  3. Increased Production Capacity and Operational Efficiency: Solesence has made substantial investments in its operations, including expanding batch-making capabilities at its Bolingbrook facility. This expansion has increased its capacity to support over $200 million in annual revenue from the consumer products line. Improvements in operational efficiency are also expected to enable the company to deliver high-quality products more efficiently and at a greater cost advantage, supporting higher sales volumes.
  4. Leveraging Proprietary Technology and Innovation: Solesence's proprietary Active Stress Defense™ technology suite, including the award-winning Solésence Kleair™, is central to its product offerings, redefining mineral-based sun protection with enhanced transparency, effectiveness, and aesthetics. The company continues to expand its intellectual property, with recent allowances for Kleair™ technology in Japan, a new plant-based antioxidant technology in South Korea, and a new skin health and healing technology in Mexico. This ongoing innovation and expansion of patented technologies are expected to drive new product development and market opportunities.

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Share Issuance

  • Between March 2023 and March 2025, the number of shares outstanding increased significantly from 49,505,124 to 70,103,279.
  • On June 20, 2024, 15,000 shares of Series X Preferred Stock were converted into 15,000,000 shares of Common Stock by Strandler.
  • As of Q3 2025, Solesence had 24,000 shares of preferred stock authorized for sale.

Capital Expenditures

  • Solesence reported capital expenditures of $4.6 million in a period leading up to Q3 2025, which exceeded the $2.0 million generated from operating cash flow, resulting in a negative free cash flow of -$2.6 million.
  • In Q4 2024, the company invested $2.6 million in capital expenditures, an 84.8% increase from the prior quarter, focusing on funding long-term assets and infrastructure.
  • The company plans to continue investments in facilities and equipment as well as human resources in 2023 and beyond, prioritizing facilities expansion and capital investment for continued growth and increased profitability.

Better Bets vs. Solesence (SLSN)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1How Low Can Solesence Stock Really Go?10/17/2025
Title
0ARTICLES

Trade Ideas

Select ideas related to SLSN.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MZTI_3272026_Dip_Buyer_FCFYield03272026MZTIMarzettiDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.9%0.9%0.0%
TAP_3272026_Dip_Buyer_FCFYield03272026TAPMolson Coors BeverageDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-0.8%-0.8%-1.1%
IFF_3272026_Insider_Buying_GTE_1Mil_EBITp+DE_V203272026IFFInternational Flavors & FragrancesInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
2.2%2.2%-0.1%
KHC_3202026_Dip_Buyer_FCFYield03202026KHCKraft HeinzDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
4.3%4.3%-1.7%
KMB_3202026_Dip_Buyer_FCFYield03202026KMBKimberly-ClarkDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-1.8%-1.8%-1.9%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SLSNSCLSXTASHIFFELFMedian
NameSolesenceStepan Sensient.Ashland Internat.e.l.f. B. 
Mkt Price1.1551.0495.7156.7671.1765.5861.17
Mkt Cap0.11.24.02.618.23.93.2
Rev LTM622,3321,6121,80510,8901,5201,709
Op Inc LTM26920776842168122
FCF LTM-9253815425421596
FCF 3Y Avg-5-77317560310086
CFO LTM-9148128243850246195
CFO 3Y Avg-31621523071,125116157

Growth & Margins

SLSNSCLSXTASHIFFELFMedian
NameSolesenceStepan Sensient.Ashland Internat.e.l.f. B. 
Rev Chg LTM18.6%7.0%3.5%-11.8%-5.2%16.7%5.2%
Rev Chg 3Y Avg19.6%-5.1%3.9%-9.1%-4.3%47.4%-0.2%
Rev Chg Q-0.7%5.4%4.5%-4.7%-6.6%37.8%1.9%
QoQ Delta Rev Chg LTM-0.1%1.2%1.1%-1.0%-1.6%9.7%0.5%
Op Inc Chg LTM-69.4%-2.0%8.1%-27.6%-0.7%28.7%-1.4%
Op Inc Chg 3Y Avg39.5%-23.3%3.5%-30.1%0.3%49.2%1.9%
Op Mgn LTM2.5%3.0%12.8%4.2%7.7%11.1%6.0%
Op Mgn 3Y Avg0.9%3.1%11.9%4.8%6.7%12.3%5.7%
QoQ Delta Op Mgn LTM0.7%-0.3%-0.4%-0.6%-0.2%1.3%-0.3%
CFO/Rev LTM-13.8%6.3%7.9%13.5%7.8%16.2%7.9%
CFO/Rev 3Y Avg-5.1%7.1%9.9%15.2%9.9%8.8%9.3%
FCF/Rev LTM-15.2%1.1%2.4%8.5%2.3%14.1%2.4%
FCF/Rev 3Y Avg-9.4%-0.3%4.8%8.7%5.3%7.6%5.0%

Valuation

SLSNSCLSXTASHIFFELFMedian
NameSolesenceStepan Sensient.Ashland Internat.e.l.f. B. 
Mkt Cap0.11.24.02.618.23.93.2
P/S1.30.52.51.41.72.61.6
P/Op Inc51.716.819.534.421.623.122.4
P/EBIT29.113.619.5-4.7-119.122.216.5
P/E45.324.930.1-3.8-54.437.427.5
P/CFO-9.57.931.610.721.415.813.3
Total Yield2.2%7.0%3.3%-25.7%0.4%2.7%2.4%
Dividend Yield0.0%3.0%0.0%0.7%2.2%0.0%0.4%
FCF Yield 3Y Avg-0.3%2.4%4.9%2.9%2.0%2.4%
D/E0.30.60.20.60.40.20.3
Net D/E0.30.50.20.50.30.20.3

Returns

SLSNSCLSXTASHIFFELFMedian
NameSolesenceStepan Sensient.Ashland Internat.e.l.f. B. 
1M Rtn34.0%8.4%12.8%13.7%4.5%-8.8%10.6%
3M Rtn-29.4%-3.5%-1.6%-9.2%0.4%-28.6%-6.3%
6M Rtn-69.3%14.1%0.9%16.2%11.1%-47.0%6.0%
12M Rtn-49.6%7.4%24.1%13.7%-2.3%18.5%10.5%
3Y Rtn-35.6%-44.5%36.5%-40.7%-20.1%-32.2%-33.9%
1M Excs Rtn25.5%-0.0%4.4%5.2%-4.0%-17.3%2.2%
3M Excs Rtn-33.3%-7.3%-5.4%-13.0%-3.4%-32.4%-10.1%
6M Excs Rtn-76.3%7.9%-6.2%9.4%5.5%-54.5%-0.4%
12M Excs Rtn-87.3%-26.7%-8.1%-22.0%-38.1%-15.7%-24.4%
3Y Excs Rtn-107.5%-117.3%-37.0%-113.5%-92.0%-99.7%-103.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Consumer Products25231872
Personal Care Ingredients911868
Advanced Materials33453
Total3737291713


Price Behavior

Price Behavior
Market Price$1.15 
Market Cap ($ Bil)0.1 
First Trading Date12/29/2006 
Distance from 52W High-77.9% 
   50 Days200 Days
DMA Price$1.89$2.10
DMA Trenddowndown
Distance from DMA-39.1%-45.1%
 3M1YR
Volatility114.8%103.5%
Downside Capture1.441.55
Upside Capture234.22152.91
Correlation (SPY)27.5%22.9%
SLSN Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta1.522.582.381.90-0.65-0.12
Up Beta-1.92-0.521.930.79-0.01-0.46
Down Beta2.441.830.751.22-0.70-0.00
Up Capture-31%345%239%69%251%31%
Bmk +ve Days7162765139424
Stock +ve Days9192651109109
Down Capture255%299%310%241%164%101%
Bmk -ve Days12233358110323
Stock -ve Days11213470125125

[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 SLSN
SLSN-41.9%102.7%-0.07-
Sector ETF (XLP)3.5%12.4%-0.007.0%
Equity (SPY)26.7%12.5%1.7725.0%
Gold (GLD)38.9%27.4%1.19-6.6%
Commodities (DBC)23.5%16.2%1.32-5.3%
Real Estate (VNQ)15.6%13.6%0.8216.6%
Bitcoin (BTCUSD)-12.8%42.6%-0.2115.4%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SLSN
SLSN-6.0%104.6%0.18-
Sector ETF (XLP)6.1%13.2%0.259.7%
Equity (SPY)10.5%17.1%0.4819.6%
Gold (GLD)21.5%17.8%0.99-7.5%
Commodities (DBC)10.7%18.8%0.47-4.7%
Real Estate (VNQ)3.6%18.8%0.0918.0%
Bitcoin (BTCUSD)3.8%56.4%0.2915.7%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SLSN
SLSN-3.0%104.6%0.18-
Sector ETF (XLP)7.3%14.7%0.369.7%
Equity (SPY)13.8%17.9%0.6619.6%
Gold (GLD)13.9%15.9%0.73-7.5%
Commodities (DBC)8.1%17.6%0.38-4.7%
Real Estate (VNQ)5.4%20.7%0.2318.0%
Bitcoin (BTCUSD)68.1%66.9%1.0715.7%

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Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity0.7 Mil
Short Interest: % Change Since 3152026-2.8%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest18.5 days
Basic Shares Quantity70.6 Mil
Short % of Basic Shares1.0%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/31/20265.4%34.4% 
11/13/202511.6%25.6%23.2%
7/31/2025-19.1%-9.6%6.7%
SUMMARY STATS   
# Positive222
# Negative110
Median Positive8.5%30.0%14.9%
Median Negative-19.1%-9.6% 
Max Positive11.6%34.4%23.2%
Max Negative-19.1%-9.6% 

SEC Filings

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Report DateFiling DateFiling
12/31/202503/31/202610-K
09/30/202511/12/202510-Q
06/30/202508/14/202510-Q
03/31/202505/13/202510-Q
12/31/202403/31/202510-K
09/30/202411/12/202410-Q
06/30/202408/09/202410-Q
03/31/202405/13/202410-Q
12/31/202303/28/202410-K
09/30/202311/14/202310-Q
06/30/202308/10/202310-Q
03/31/202305/12/202310-Q
12/31/202203/29/202310-K
09/30/202211/14/202210-Q
06/30/202208/16/202210-Q
03/31/202205/16/202210-Q