Life Sciences was Ashland’s largest segment in fiscal 2025, bringing in $641.00M of $1.82B (35%).
| Segment | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Specialty Ingredients | — | — | — | — | |||||||
| Valvoline | — | — | — | — | |||||||
| Performance Materials | — | — | — | — | |||||||
| Life Sciences | $815.00M | $869.00M | $810.00M | $641.00M | |||||||
| Composites | — | — | — | — | |||||||
| Personal Care | $678.00M | $598.00M | $634.00M | $577.00M | |||||||
| Personal Care & Household | — | — | — | — | |||||||
| Specialty Additives | $719.00M | $600.00M | $572.00M | $511.00M | |||||||
| Performance Adhesives | — | — | — | — | |||||||
| Intermediates | $256.00M | $185.00M | $144.00M | $137.00M | |||||||
| Intermediates & Solvents | — | — | — | — | |||||||
| Intersegment Eliminations | -$77.00M | -$61.00M | -$47.00M | -$42.00M | |||||||
| Total | $2.39B | $2.19B | $2.11B | $1.82B |
Ashland brought in $1.82B from its five segments in fiscal 2025, the year ended September 30, 2025. That was down 13.7% from $2.11B in fiscal 2024. Life Sciences was the largest at $641.00M (35.1%), ahead of Personal Care at $577.00M (31.6%) and Specialty Additives at $511.00M (28.0%). The remaining segment, Intermediates, brought in $137.00M.
Compared with fiscal 2024, every segment above 2% of revenue shrank. Intermediates held up best, down 4.9% to $137.00M, and Life Sciences fell the most, down 20.9% to $641.00M. From fiscal 2022 to 2025, combined revenue from these segments fell from $2.39B to $1.82B, a compound annual decline of 8.6%. Life Sciences' share of the total rose from 34.1% to 35.1%.
The total is net of Intersegment Eliminations, which took $42.00M off revenue in fiscal 2025.
International was Ashland’s largest region in fiscal 2025, bringing in $1.36B of $1.82B (75%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| International | $1.66B | $1.56B | $1.49B | $1.36B | ||||||
| Non-Us | — | — | — | — | ||||||
| United States Pension Plans Of Us Entity, Defined Benefit | $731.00M | $634.00M | $624.00M | $464.00M | ||||||
| Total | $2.39B | $2.19B | $2.11B | $1.82B |
Ashland brought in $1.82B from its two regions in fiscal 2025, the year ended September 30, 2025. That was down 13.7% from $2.11B in fiscal 2024. International was the largest at $1.36B (74.6%), ahead of United States Pension Plans Of Us Entity, Defined Benefit at $464.00M (25.4%).
Compared with fiscal 2024, International fell 8.7% to $1.36B and United States Pension Plans Of Us Entity, Defined Benefit fell 25.6% to $464.00M. From fiscal 2022 to 2025, combined revenue from these regions fell from $2.39B to $1.82B, a compound annual decline of 8.6%. International's share of the total rose from 69.4% to 74.6%.
Other Non-Guarantor Subsidiaries was Ashland’s largest revenue line in fiscal 2014, bringing in $5.15B of $6.18B (83%).
| Legal Entity | FY 2014 |
|---|---|
| Other Non-Guarantor Subsidiaries | $5.15B |
| Ashland Llc (Issuer) | $1.04B |
| Total | $6.18B |
Ashland brought in $6.18B from its two revenue lines in fiscal 2014, the year ended September 30, 2014. Other Non-Guarantor Subsidiaries was the largest at $5.15B (83.2%), ahead of Ashland Llc (Issuer) at $1.04B (16.8%).
Ashland (ASH) reports its revenue by segment, by geography and by legal entity. In fiscal 2025, Life Sciences was its largest segment, bringing in $641.00M (35.1% of the total), followed by Personal Care at $577.00M (31.6%).
Life Sciences was Ashland's largest segment in fiscal 2025, bringing in $641.00M, or 35.1% of the $1.82B total across its five segments.
International was Ashland's largest region in fiscal 2025, bringing in $1.36B, or 74.6% of the $1.82B total across its two regions.
Other Non-Guarantor Subsidiaries was Ashland's largest revenue line in fiscal 2014, bringing in $5.15B, or 83.2% of the $6.18B total across its two revenue lines.
Every figure comes from Ashland's annual financial filings, as reported. Each line keeps the name Ashland gives it, and years follow its fiscal calendar.
Ashland's revenue by segment goes back to fiscal 2014, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.