Ashland (ASH) Gross Margin (2015 - 2026)
Ashland's Gross Margin was 34.21% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 5.70 percentage points from 28.51% a year earlier and up 3.71 percentage points from the prior quarter.
Ashland (ASH) Gross Margin (2015 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ashland's Gross Margin was 31.54% through Jun 30, 2026, up 1.37 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 30.10%, up 0.85 percentage points from FY2024.
- Gross Margin shows a five-year change of +0.39 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Gross Margin was 29.25% in FY2024 (-1.24 pp), 30.49% in FY2023 (-4.23 pp), 34.71% in FY2022 (+2.97 pp) and 31.74% in FY2021 (+2.03 pp).
- The fiscal Q3 2026 figure marks the highest quarterly Gross Margin since fiscal Q3 2022.
- Compared with a year earlier, Gross Margin was higher in four of the last eight quarters, with an average year-over-year change of +2.20 percentage points.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q4 2021 (a gain of 14.42 percentage points); the worst was fiscal Q1 2024 (a drop of 10.71 percentage points).
- Per Business Quant data, ASH's Gross Margin in the three fiscal quarters before Q3 2026 was 30.50% (Q2 2026), 27.20% (Q1 2026) and 33.33% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 239.54 Bn | 223.24 Bn | 4.44 Bn | 47.24% |
| 2 | Corning | 96.61 Bn | 88.91 Bn | 1.81 Bn | 37.28% |
| 3 | Sherwin Williams | 85.84 Bn | 84.86 Bn | 3.28 Bn | 47.77% |
| 4 | Air Products & Chemicals | 69.53 Bn | 72.40 Bn | - | - |
| 5 | LyondellBasell Industries | 39.13 Bn | 27.31 Bn | 1.50 Bn | 17.60% |
| 6 | Nutrien | 34.78 Bn | 31.35 Bn | 1.86 Bn | 30.67% |
| 7 | Ppg Industries | 27.48 Bn | 20.55 Bn | 1.76 Bn | 40.52% |
| 8 | Qnity Electronics | 25.83 Bn | 22.27 Bn | 743.00 Mn | 47.75% |
| 9 | Ati | 24.82 Bn | 22.90 Bn | 380.20 Mn | 26.71% |
| 10 | Ashland | 3.52 Bn | 3.52 Bn | 179.00 Mn | - |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.21% |
| Mar 31, 2026 | 30.50% |
| Dec 31, 2025 | 27.20% |
| Sep 30, 2025 | 33.33% |
| Jun 30, 2025 | 28.51% |
| Mar 31, 2025 | 30.69% |
| Dec 31, 2024 | 27.41% |
| Sep 30, 2024 | 33.33% |
| Jun 30, 2024 | 34.19% |
| Mar 31, 2024 | 28.00% |
| Dec 31, 2023 | 20.72% |
| Sep 30, 2023 | 24.76% |
| Jun 30, 2023 | 32.60% |
| Mar 31, 2023 | 32.67% |
| Dec 31, 2022 | 31.43% |
| Sep 30, 2022 | 33.23% |
| Jun 30, 2022 | 37.27% |
| Mar 31, 2022 | 36.42% |
| Dec 31, 2021 | 31.45% |
| Sep 30, 2021 | 32.15% |
Ashland Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ASH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ASH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ASH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();