grepcent public filings, reorganized for comparison

Huntsman CORP (HUN)

CIK: 0001307954. SIC: 2800 Chemicals & Allied Products. Latest 10-K as of: 2026-02-18.

SIC breadcrumb: Manufacturing > Chemicals And Allied Products > SIC 2800 Chemicals & Allied Products

SEC company page: https://www.sec.gov/edgar/browse/?CIK=1307954. Latest filing source: 0001437749-26-004524.

Informational only. Descriptive public-record data — not a rating, forecast, or investment advice. See Disclaimer.

At a glance

FY2025 · period end 2025-12-31 · filed 2026-02-18 · accession 0001437749-26-004524 · source: SEC companyfacts

Revenue
5,683,000,000 USD verified
Net income
-284,000,000 USD verified
Assets
7,015,000,000 USD verified
Free cash flow
116,000,000 USD computed
Net margin
-5.00% computed
Operating margin
-2.31% computed
Revenue YoY
-5.85% computed
ROE
-10.33% computed

Computed values are grepcent-computed from the verified facts above and may differ from ratios the company itself reports. Free cash flow = operating cash flow − capital expenditures. Net margin = net income ÷ revenue. Operating margin = operating income ÷ revenue. Revenue YoY = FY2025 revenue ÷ FY2024 revenue − 1 (consecutive fiscal years only). ROE = net income ÷ period-end stockholders' equity.

No market price, no rating, no forecast on this site. Not investment advice.

Peer & cluster context

Peer percentile fingerprint

HUN ratios vs SIC peers. Source: grepcent computed from latest SEC companyfacts ratios; peer set SIC industry 2800; per-ratio N printed.HUN ratios vs SIC peers. Source: grepcent computed from latest SEC companyfacts ratios; peer set SIC industry 2800; per-ratio N printed.RatioHUNPeer medianPercentileNNet margin-5.0%-5.0%5011Operating margin-2.3%0.1%389Revenue growth-5.8%0.4%2011FCF margin2.0%3.7%3011ROE-10.3%-10.3%5011ROA-4.0%-4.0%5011Liabilities / equity1.481.485011Current ratio1.301.781011

Percentile = share of the N covered peers reporting that ratio whose value is lower (ties counted half); computed among grepcent-covered companies in SIC industry 2800 Chemicals & Allied Products, not the whole market. A higher percentile means a higher value of the ratio, not a better company. Ratios with fewer than 8 reporting peers are omitted. Latest reported values per company; fiscal periods may differ. Descriptive arithmetic - not a score, rating, or ranking.

Selected Fundamentals

MetricValueUnitFYFiled
Revenue5,683,000,000USD20252026-02-18
Net income-284,000,000USD20252026-02-18
Assets7,015,000,000USD20252026-02-18

Financials

Annual standardized facts from SEC companyfacts as of latest extracted filing date 2026-02-18. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0001307954.json. Derived margins, ratios, and free cash flow are computed from the extracted annual SEC facts.

Download these verified figures (annual + quarterly, with per-value filing provenance): JSON · CSV

Flow metrics use full-year FY periods from 10-K/10-K/A filings; balance-sheet metrics use FY-end instants. Free cash flow = operating cash flow - capital expenditures. Missing metrics are omitted rather than fabricated.

Metric201120152016201720182019202020212022202320242025
Revenue7,518,000,0006,845,000,0007,604,000,0006,797,000,0005,421,000,0007,670,000,0008,023,000,0006,111,000,0006,036,000,0005,683,000,000
Net income326,000,000636,000,000337,000,000562,000,0001,034,000,0001,045,000,000460,000,000101,000,000-189,000,000-284,000,000
Operating income663,000,000729,000,000827,000,000469,000,000432,000,000731,000,000672,000,00084,000,000-25,000,000-131,000,000
Gross profit1,518,000,0001,651,000,0001,764,000,0001,382,000,000977,000,0001,584,000,0001,546,000,000906,000,000866,000,000751,000,000
Diluted EPS1.362.611.392.444.664.722.270.57-1.10-1.65
Operating cash flow1,088,000,0001,219,000,0001,207,000,000897,000,000253,000,000952,000,000914,000,000209,000,000263,000,000289,000,000
Capital expenditures318,000,000234,000,000251,000,000274,000,000237,000,000326,000,000272,000,000230,000,000184,000,000173,000,000
Dividends paid120,000,000120,000,000156,000,000150,000,000144,000,000159,000,000171,000,000169,000,000174,000,000146,000,000
Share buybacks50,000,000100,000,000277,000,000208,000,00096,000,000200,000,0001,005,000,000349,000,0004,000,0000.00
Assets9,189,000,00010,244,000,0007,953,000,0008,320,000,0008,713,000,0009,392,000,0008,220,000,0007,248,000,0007,114,000,0007,015,000,000
Liabilities7,722,000,0006,873,000,0005,204,000,0005,496,000,0005,040,000,0004,833,000,0004,380,000,0003,770,000,0003,951,000,0004,058,000,000
Stockholders' equity1,287,000,0002,620,000,0002,520,000,0002,687,000,0003,519,000,0004,378,000,0003,624,000,0003,251,000,0002,959,000,0002,750,000,000
Cash and cash equivalents385,000,000470,000,000340,000,000525,000,0001,593,000,0001,041,000,000654,000,000540,000,000340,000,000429,000,000
Free cash flow770,000,000985,000,000956,000,000623,000,00016,000,000626,000,000642,000,000-21,000,00079,000,000116,000,000

Ratios

ROE and ROA use period-end equity/assets. Liabilities / equity uses total liabilities divided by stockholders' equity. Current ratio uses current assets divided by current liabilities when both are reported.

Metric201120152016201720182019202020212022202320242025
Net margin4.34%9.29%4.43%8.27%19.07%13.62%5.73%1.65%-3.13%-5.00%
Operating margin8.82%10.65%10.88%6.90%7.97%9.53%8.38%1.37%-0.41%-2.31%
Return on equity25.33%24.27%13.37%20.92%29.38%23.87%12.69%3.11%-6.39%-10.33%
Return on assets3.55%6.21%4.24%6.75%11.87%11.13%5.60%1.39%-2.66%-4.05%
Liabilities / equity6.002.622.072.051.431.101.211.161.341.48
Current ratio2.001.831.841.871.801.921.851.971.361.30

Industry Peer Context

Each number-line places HUN against the min, median, and max of latest reported values among companies in the same SIC industry when at least three peers report that ratio.

Net margin peer context

HUN Net margin versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 2800; peer count 11.HUN Net margin versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 2800; peer count 11.11 SIC peersMin -64.6%Median -5.0%Max 14.9%HUN -5.0%

Operating margin peer context

HUN Operating margin versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 2800; peer count 9.HUN Operating margin versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 2800; peer count 9.9 SIC peersMin -47.0%Median 0.1%Max 35.9%HUN -2.3%

ROE peer context

HUN ROE versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 2800; peer count 11.HUN ROE versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 2800; peer count 11.11 SIC peersMin -220.4%Median -10.3%Max 16.8%HUN -10.3%

ROA peer context

HUN ROA versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 2800; peer count 11.HUN ROA versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 2800; peer count 11.11 SIC peersMin -23.1%Median -4.0%Max 9.2%HUN -4.0%

Financial Bridges

Waterfall figures reconcile reported SEC companyfacts components. Missing bridges are omitted when required components are not present for the same fiscal year.

Income statement bridge from reported figures

HUN FY2025 income statement bridge from reported figures.HUN FY2025 income statement bridge from reported figures.HUN income bridgeFY2025: revenue to net incomeSource: SEC companyfacts FY2025.Income statement bridgeReported amount-$500.0M$0.0B$6.0B$5.7BRevenue-$4.9BCost$751.0MGross-$882.0MOpEx-$131.0MOperating-$153.0MOther/tax-$284.0MNet income

Figure provenance: SEC companyfacts FY 2025. Revenue: accession 0001437749-26-004524; concept Revenues; source concepts us-gaap:Revenues | Gross profit: accession 0001437749-26-004524; concept GrossProfit; source concepts us-gaap:GrossProfit | Operating income: accession 0001437749-26-004524; concept OperatingIncomeLoss; source concepts us-gaap:OperatingIncomeLoss | Net income: accession 0001437749-26-004524; concept NetIncomeLoss; source concepts us-gaap:NetIncomeLoss

Free cash flow = operating cash flow - capital expenditures

HUN FY2025 free cash flow bridge from reported figures.HUN FY2025 free cash flow bridge from reported figures.HUN free cash flow bridgeFY2025: operating cash flow less capital expendituresSource: SEC companyfacts FY2025.Free cash flow bridgeReported amount$0.0B$250.0M$500.0M$289.0MOperating cash flow-$173.0MCapex$116.0MFree cash flow

Figure provenance: SEC companyfacts FY 2025. Operating cash flow: accession 0001437749-26-004524; concept NetCashProvidedByUsedInOperatingActivities; source concepts us-gaap:NetCashProvidedByUsedInOperatingActivities | Capital expenditures: accession 0001437749-26-004524; concept PaymentsToAcquirePropertyPlantAndEquipment; source concepts us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | Free cash flow: accession 0001437749-26-004524; concept NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment; source concepts us-gaap:NetCashProvidedByUsedInOperatingActivities; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment

Financial Charts

HUN revenue, last 5 periods. Source: SEC companyfacts FY2025.HUN revenue, last 5 periods. Source: SEC companyfacts FY2025.HUN RevenueLatest point: FY2025 = $5.7BSource: SEC companyfacts FY2025.Fiscal yearReported revenue$0.0B$5.0B$10.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: Revenues. Source concepts: us-gaap:Revenues.

HUN net income, last 5 periods. Source: SEC companyfacts FY2025.HUN net income, last 5 periods. Source: SEC companyfacts FY2025.HUN Net incomeLatest point: FY2025 = -$284.0MSource: SEC companyfacts FY2025.Fiscal yearNet income-$500.0M$0.0B$2.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: NetIncomeLoss. Source concepts: us-gaap:NetIncomeLoss.

HUN operating income, last 5 periods. Source: SEC companyfacts FY2025.HUN operating income, last 5 periods. Source: SEC companyfacts FY2025.HUN Operating incomeLatest point: FY2025 = -$131.0MSource: SEC companyfacts FY2025.Fiscal yearOperating income-$250.0M$0.0B$1.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: OperatingIncomeLoss. Source concepts: us-gaap:OperatingIncomeLoss.

HUN gross profit, last 5 periods. Source: SEC companyfacts FY2025.HUN gross profit, last 5 periods. Source: SEC companyfacts FY2025.HUN Gross profitLatest point: FY2025 = $751.0MSource: SEC companyfacts FY2025.Fiscal yearGross profit$0.0B$1.0B$2.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: GrossProfit. Source concepts: us-gaap:GrossProfit.

HUN diluted eps, last 5 periods. Source: SEC companyfacts FY2025.HUN diluted eps, last 5 periods. Source: SEC companyfacts FY2025.HUN Diluted EPSLatest point: FY2025 = -$1.65/shareSource: SEC companyfacts FY2025.Fiscal yearDiluted EPS (USD/share)-$2.00/share$0.00/share$6.00/shareFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: EarningsPerShareDiluted. Source concepts: us-gaap:EarningsPerShareDiluted.

HUN operating cash flow, last 5 periods. Source: SEC companyfacts FY2025.HUN operating cash flow, last 5 periods. Source: SEC companyfacts FY2025.HUN Operating cash flowLatest point: FY2025 = $289.0MSource: SEC companyfacts FY2025.Fiscal yearOperating cash flow$0.0B$500.0M$1.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: NetCashProvidedByUsedInOperatingActivities. Source concepts: us-gaap:NetCashProvidedByUsedInOperatingActivities.

HUN capital expenditures, last 5 periods. Source: SEC companyfacts FY2025.HUN capital expenditures, last 5 periods. Source: SEC companyfacts FY2025.HUN Capital expendituresLatest point: FY2025 = $173.0MSource: SEC companyfacts FY2025.Fiscal yearCapital expenditures$0.0B$250.0M$500.0MFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: PaymentsToAcquirePropertyPlantAndEquipment. Source concepts: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

HUN dividends paid, last 5 periods. Source: SEC companyfacts FY2025.HUN dividends paid, last 5 periods. Source: SEC companyfacts FY2025.HUN Dividends paidLatest point: FY2025 = $146.0MSource: SEC companyfacts FY2025.Fiscal yearDividends paid$0.0B$125.0M$250.0MFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: PaymentsOfDividendsCommonStock. Source concepts: us-gaap:PaymentsOfDividendsCommonStock.

HUN share buybacks, last 5 periods. Source: SEC companyfacts FY2025.HUN share buybacks, last 5 periods. Source: SEC companyfacts FY2025.HUN Share buybacksLatest point: FY2025 = $0.0BSource: SEC companyfacts FY2025.Fiscal yearShare buybacks$0.0B$1.0B$2.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: PaymentsForRepurchaseOfCommonStock. Source concepts: us-gaap:PaymentsForRepurchaseOfCommonStock.

HUN assets, last 5 periods. Source: SEC companyfacts FY2025.HUN assets, last 5 periods. Source: SEC companyfacts FY2025.HUN AssetsLatest point: FY2025 = $7.0BSource: SEC companyfacts FY2025.Fiscal yearAssets$0.0B$5.0B$10.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: Assets. Source concepts: us-gaap:Assets.

HUN liabilities, last 5 periods. Source: SEC companyfacts FY2025.HUN liabilities, last 5 periods. Source: SEC companyfacts FY2025.HUN LiabilitiesLatest point: FY2025 = $4.1BSource: SEC companyfacts FY2025.Fiscal yearLiabilities$0.0B$3.0B$6.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: Liabilities. Source concepts: us-gaap:Liabilities.

HUN stockholders' equity, last 5 periods. Source: SEC companyfacts FY2025.HUN stockholders' equity, last 5 periods. Source: SEC companyfacts FY2025.HUN Stockholders' equityLatest point: FY2025 = $2.8BSource: SEC companyfacts FY2025.Fiscal yearStockholders' equity$0.0B$3.0B$6.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: StockholdersEquity. Source concepts: us-gaap:StockholdersEquity.

HUN cash and cash equivalents, last 5 periods. Source: SEC companyfacts FY2025.HUN cash and cash equivalents, last 5 periods. Source: SEC companyfacts FY2025.HUN Cash and cash equivalentsLatest point: FY2025 = $429.0MSource: SEC companyfacts FY2025.Fiscal yearCash and cash equivalents$0.0B$1.0B$2.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: CashAndCashEquivalentsAtCarryingValue. Source concepts: us-gaap:CashAndCashEquivalentsAtCarryingValue.

HUN free cash flow, last 5 periods. Source: SEC companyfacts FY2025.HUN free cash flow, last 5 periods. Source: SEC companyfacts FY2025.HUN Free cash flowLatest point: FY2025 = $116.0MSource: SEC companyfacts FY2025.Fiscal yearFree cash flow-$250.0M$0.0B$750.0MFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0001437749-26-004524; filed 2026-02-18. Concept: NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment. Source concepts: us-gaap:NetCashProvidedByUsedInOperatingActivities; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

As-reported value updates

20 tracked differences above grepcent's stated thresholds were found between the earliest XBRL-filed value and the value currently on file for the same fiscal period.

View the filing-by-filing ledger →

Quarterly

Quarterly standardized facts from SEC companyfacts as of latest extracted filing date 2026-05-01. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0001307954.json.

Flow metrics use discrete quarter-length periods from 10-Q/10-Q/A filings. Q4 revenue and net income are derived only when annual FY and nine-month YTD facts exist for the same fiscal year; derived Q4 values are labeled. EPS Q4 is not derived.

QuarterEnd DateRevenueNet IncomeDiluted EPSMethod
2022-Q22022-06-301.10reported discrete quarter
2022-Q32022-09-300.50reported discrete quarter
2022-Q42022-12-311,650,000,000-91,000,000derived Q4 = FY annual - nine-month YTD
2023-Q12023-03-311,606,000,000153,000,0000.83reported discrete quarter
2023-Q22023-06-301,596,000,00019,000,0000.11reported discrete quarter
2023-Q32023-09-301,506,000,0000.000.00reported discrete quarter
2023-Q42023-12-311,403,000,000-71,000,000derived Q4 = FY annual - nine-month YTD
2024-Q12024-03-311,470,000,000-37,000,000-0.22reported discrete quarter
2024-Q22024-06-301,574,000,00022,000,0000.13reported discrete quarter
2024-Q32024-09-301,540,000,000-33,000,000-0.19reported discrete quarter
2025-Q12025-03-311,410,000,000-5,000,000-0.03reported discrete quarter
2025-Q22025-06-301,458,000,000-158,000,000-0.92reported discrete quarter
2025-Q32025-09-301,460,000,000-25,000,000-0.14reported discrete quarter
2026-Q12026-03-311,420,000,000-53,000,000-0.31reported discrete quarter

Quarterly Charts

HUN quarterly revenue, last 12 periods. Source: SEC companyfacts 2026-Q1.HUN quarterly revenue, last 12 periods. Source: SEC companyfacts 2026-Q1.HUN Quarterly RevenueLatest point: 2026-Q1 = $1.4BSource: SEC companyfacts 2026-Q1.Fiscal quarterQuarterly Revenue$0.0B$1.0B$2.0B2022-Q42023-Q12023-Q22023-Q32023-Q42024-Q12024-Q22024-Q32025-Q12025-Q22025-Q32026-Q1

Figure provenance: SEC companyfacts. Latest point: FY 2026 ended 2026-03-31; accession 0001437749-26-014346; filed 2026-05-01. Concept: RevenueFromContractWithCustomerExcludingAssessedTax. Source concepts: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

HUN quarterly net income, last 12 periods. Source: SEC companyfacts 2026-Q1.HUN quarterly net income, last 12 periods. Source: SEC companyfacts 2026-Q1.HUN Quarterly Net incomeLatest point: 2026-Q1 = -$53.0MSource: SEC companyfacts 2026-Q1.Fiscal quarterQuarterly Net income-$250.0M$0.0B$250.0M2022-Q42023-Q12023-Q22023-Q32023-Q42024-Q12024-Q22024-Q32025-Q12025-Q22025-Q32026-Q1

Figure provenance: SEC companyfacts. Latest point: FY 2026 ended 2026-03-31; accession 0001437749-26-014346; filed 2026-05-01. Concept: NetIncomeLoss. Source concepts: us-gaap:NetIncomeLoss.

HUN quarterly diluted eps, last 12 periods. Source: SEC companyfacts 2026-Q1.HUN quarterly diluted eps, last 12 periods. Source: SEC companyfacts 2026-Q1.HUN Quarterly Diluted EPSLatest point: 2026-Q1 = -$0.31/shareSource: SEC companyfacts 2026-Q1.Fiscal quarterQuarterly Diluted EPS (USD/share)-$1.00/share$0.00/share$1.50/share2022-Q22022-Q32023-Q12023-Q22023-Q32024-Q12024-Q22024-Q32025-Q12025-Q22025-Q32026-Q1

Figure provenance: SEC companyfacts. Latest point: FY 2026 ended 2026-03-31; accession 0001437749-26-014346; filed 2026-05-01. Concept: EarningsPerShareDiluted. Source concepts: us-gaap:EarningsPerShareDiluted.

Business

Read HUN's verbatim Item 1 Business section from its latest 10-K: Business.

Risk Factors

Read HUN's verbatim Item 1A Risk Factors from its latest 10-K: Risk Factors.

Latest quarter (10-Q)

Latest 10-Q source: 0001437749-26-025186.

Extracted structurally from real Item 2 body heading to real Item 3/4 boundary. Published MD&A gate trimmed front/tail over-capture. Confidence: high. Filing date: 2026-07-31. Report date: 2026-06-30.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

​

Results of Operations

​

For each of our Company and Huntsman International, the following tables set forth the condensed consolidated results of operations (dollars in millions, except per share amounts):

​

Huntsman Corporation

Three months endedSix months ended
June 30,PercentJune 30,Percent
20262025change20262025change
Revenues$1,663$1,45814%$3,083$2,8687%
Cost of goods sold1,4181,27611%2,6552,4857%
Gross profit24518235%42838312%
Operating expenses:
Selling, general and administrative18316014%3463266%
Research and development2833(15)%5765(12)%
Restructuring, impairment and plant closing costs9124(93)%15125(88)%
Gain on sale of business, net(22)—NM(22)—NM
Income associated with litigation matter, net————(33)(100)%
Gain on acquisition of assets, net————(5)(100)%
Other operating expense (income), net10(15)NM11(17)NM
Total operating expenses208302(31)%407461(12)%
Operating income (loss)37(120)NM21(78)NM
Interest expense, net(23)(21)10%(44)(40)10%
Equity in income (loss) of investment in unconsolidated affiliates5(2)NM10(1)NM
Other income, net7475%10743%
Income (loss) from continuing operations before income taxes26(139)NM(3)(112)(97)%
Income tax expense(17)(7)143%(28)(22)27%
Income (loss) from continuing operations9(146)NM(31)(134)(77)%
(Loss) income from discontinued operations, net of tax(2)1NM(3)—NM
Net income (loss)7(145)NM(34)(134)(75)%
Reconciliation of net income (loss) to adjusted EBITDA(1):
Net income attributable to noncontrolling interests(13)(13)—(25)(29)(14)%
Interest expense, net232110%444010%
Income tax expense from continuing operations177143%282227%
Income tax expense from discontinued operations—1(100)%—1(100)%
Depreciation and amortization77727%1501416%
Other adjustments:
Business acquisition and integration gain and purchase accounting inventory adjustments, net———(5)
EBITDA from discontinued operations2(2)3(1)
Certain legal and other settlements and related expenses (income), net(2)7111(32)
Gain on sale of business/assets, net(3)(22)—(22)—
Expenses associated with the proposed merger5—5—
Loss on early extinguishment of debt——1—
Amortization of pension and postretirement actuarial losses771414
Restructuring, impairment and plant closing and transition costs(4)1012518129
Adjusted EBITDA(1)$120$7462%$193$14632%
Net cash (used in) provided by operating activities from continuing operations$(113)$21NM
Net cash used in investing activities(15)(32)(53)%
Net cash provided by financing activities4369(38)%
Capital expenditures(68)(73)(7)%
Amounts attributable to Huntsman Corporation:
Loss from continuing operations$(4)$(159)$(56)$(163)
(Loss) income from discontinued operations, net of tax(2)1(3)—
Net loss$(6)$(158)$(59)$(163)

37

Table of Contents

Huntsman International

Three months endedSix months ended
June 30,PercentJune 30,Percent
20262025change20262025change
Revenues$1,663$1,45814%$3,083$2,8687%
Cost of goods sold1,4181,27611%2,6552,4857%
Gross profit24518235%42838312%
Operating expenses:
Selling, general and administrative18316014%3443246%
Research and development2833(15)%5765(12)%
Restructuring, impairment and plant closing costs9124(93)%15125(88)%
Gain on sale of business, net(22)—NM(22)—NM
Income associated with litigation matter, net————(33)(100)%
Gain on acquisition of assets, net————(5)(100)%
Other operating expense (income), net10(15)NM11(17)NM
Total operating expenses208302(31)%405459(12)%
Operating income (loss)37(120)NM23(76)NM
Interest expense, net(23)(21)10%(44)(40)10%
Equity in income (loss) of investment in unconsolidated affiliates5(2)NM10(1)NM
Other income, net7475%10743%
Income (loss) from continuing operations before income taxes26(139)NM(1)(110)(99)%
Income tax expense(17)(5)240%(28)(22)27%
Income (loss) from continuing operations9(144)NM(29)(132)(78)%
(Loss) income from discontinued operations, net of tax(2)1NM(3)—NM
Net income (loss)7(143)NM(32)(132)(76)%
Reconciliation of net income (loss) to adjusted EBITDA(1):
Net income attributable to noncontrolling interests(13)(13)—(25)(29)(14)%
Interest expense, net232110%444010%
Income tax expense from continuing operations175240%282227%
Income tax expense from discontinued operations—1(100)%—1(100)%
Depreciation and amortization77727%1501416%
Other adjustments:
Business acquisition and integration gain and purchase accounting inventory adjustments, net———(5)
EBITDA from discontinued operations2(2)3(1)
Certain legal and other settlements and related expenses (income), net(2)7111(32)
Gain on sale of business/assets, net(3)(22)—(22)—
Expenses associated with the proposed merger5—5—
Loss on early extinguishment of debt——1—
Amortization of pension and postretirement actuarial losses771414
Restructuring, impairment and plant closing and transition costs(4)1012518129
Adjusted EBITDA(1)$120$7462%$195$14832%
Net cash (used in) provided by operating activities from continuing operations$(112)$22NM
Net cash used in investing activities(21)(37)(43)%
Net cash provided by financing activities4873(34)%
Capital expenditures(68)(73)(7)%
Amounts attributable to Huntsman International:
Loss from continuing operations$(4)$(157)$(54)$(161)
(Loss) income from discontinued operations, net of tax(2)1(3)—
Net loss$(6)$(156)$(57)$(161)

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Huntsman Corporation

[Excerpt truncated for page length; source filing is linked above.]

Latest 10-K MD&A (excerpt)

Latest 10-K Item 7 source: 0001437749-26-004524. The complete FY 2025 MD&A is published at /company/HUN/mda/fy2025/.

Extracted structurally from real Item 7 body heading to real Item 7A/8 boundary. Confidence: high. Filing date: 2026-02-18. Report date: 2025-12-31.

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ReSULTS OF OPERATIONS

As discussed in “Note 4. Discontinued Operations—Sale of Textile Effects Business” to our consolidated financial statements, the results from continuing operations primarily exclude the results of our Textile Effects Business for all periods presented. For each of our Company and Huntsman International, the following tables set forth our consolidated results of operations for the years ended December 31, 2025, 2024 and 2023 (in millions, except per share amounts).

Huntsman Corporation

December 31,Percent change
2025202420232025 vs 20242024 vs 2023
Revenues$5,683$6,036$6,111(6)%(1)%
Cost of goods sold4,9325,1705,205(5)%(1)%
Gross profit751866906(13)%(4)%
Operating expenses:
Selling, general and administrative670671689—(3)%
Research and development120121115(1)%5%
Restructuring, impairment and plant closing costs1483918279%117%
Income associated with litigation matter, net(33)——NMNM
Gain on acquisition of assets, net(5)(51)—(90)%NM
Prepaid asset write-off—71—(100)%NM
Loss on dissolution of subsidiaries—39—(100)%NM
Other operating (income) expense, net(18)1—NMNM
Total operating expenses882891822(1)%8%
Operating (loss) income(131)(25)84424%NM
Interest expense, net(79)(79)(65)—22%
Equity in income of investment in unconsolidated affiliates44483(91)%(47)%
Other income (expense), net1421(3)(33)%NM
(Loss) income from continuing operations before income taxes(192)(39)99392%NM
Income tax expense(26)(61)(64)(57)%(5)%
(Loss) income from continuing operations(218)(100)35118%NM
(Loss) income from discontinued operations, net of tax(9)(27)118(67)%NM
Net (loss) income(227)(127)15379%NM
Reconciliation of net (loss) income to adjusted EBITDA(1):
Net income attributable to noncontrolling interests(57)(62)(52)(8)%19%
Interest expense, net from continuing operations797965—22%
Income tax expense from continuing operations266164(57)%(5)%
Income tax (benefit) expense from discontinued operations—(11)17(100)%NM
Depreciation and amortization of continuing operations287289278(1)%4%
Other adjustments:
Business acquisition and integration (gain) expenses and purchase accounting inventory adjustments, net(4)214
EBITDA from discontinued operations(2)938(135)
Fair value adjustments to Venator investment, net and other tax matter adjustments—(12)5
Certain legal and other settlements and related (income) expenses, net(3)(30)136
Loss on sale of business/assets51—
Loss on dissolution of subsidiaries(4)—39—
Certain nonrecurring information technology project implementation costs——5
Amortization of pension and postretirement actuarial losses343937
Restructuring, impairment and plant closing and transition costs(5)1534625
Adjusted EBITDA(1)$275$414$472(34)%(12)%
Net cash provided by operating activities from continuing operations$298$285$2515%14%
Net cash (used in) provided by investing activities from continuing operations(132)(126)3095%NM
Net cash used in financing activities(76)(326)(620)(77)%(47)%
Capital expenditures from continuing operations(173)(184)(230)(6)%(20)%
Amounts attributable to Huntsman Corporation:
Loss from continuing operations$(275)$(162)$(17)
(Loss) income from discontinued operations, net of tax(9)(27)118
Net (loss) income$(284)$(189)$101

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Huntsman International

December 31,Percent change
2025202420232025 vs 20242024 vs 2023
Revenues$5,683$6,036$6,111(6)%(1)%
Cost of goods sold4,9325,1705,205(5)%(1)%
Gross profit751866906(13)%(4)%
Operating expenses:
Selling, general and administrative667668686—(3)%
Research and development120121115(1)%5%
Restructuring, impairment and plant closing costs1483918279%117%
Income associated with litigation matter, net(33)——NMNM
Gain on acquisition of assets, net(5)(51)—(90)%NM
Prepaid asset write-off—71—(100)%NM
Loss on dissolution of subsidiaries—39—(100)%NM
Other operating (income) expense, net(18)1—NMNM
Total operating expenses879888819(1)%8%
Operating (loss) income(128)(22)87482%NM
Interest expense, net(79)(79)(65)—22%
Equity in income of investment in unconsolidated affiliates44483(91)%(47)%
Other income (expense), net1421(3)(33)%NM
(Loss) income from continuing operations before income taxes(189)(36)102425%NM
Income tax expense(27)(62)(65)(56)%(5)%
(Loss) income from continuing operations(216)(98)37120%NM
(Loss) income from discontinued operations, net of tax(9)(27)118(67)%NM
Net (loss) income(225)(125)15580%NM
Reconciliation of net (loss) income to adjusted EBITDA(1):
Net income attributable to noncontrolling interests(57)(62)(52)(8)%19%
Interest expense, net from continuing operations797965—22%
Income tax expense from continuing operations276265(56)%(5)%
Income tax (benefit) expense from discontinued operations—(11)17(100)%NM
Depreciation and amortization of continuing operations287289278(1)%4%
Other adjustments:
Business acquisition and integration (gain) expenses and purchase accounting inventory adjustments, net(4)214
EBITDA from discontinued operations(2)938(135)
Fair value adjustments to Venator investment, net and other tax matter adjustments—(12)5
Certain legal and other settlements and related (income) expenses, net(3)(30)136
Loss on sale of business/assets51—
Loss on dissolution of subsidiaries(4)—39—
Certain nonrecurring information technology project implementation costs——5
Amortization of pension and postretirement actuarial losses343937
Restructuring, impairment and plant closing and transition costs(5)1534625
Adjusted EBITDA(1)$278$417$475(33)%(12)%
Net cash provided by operating activities from continuing operations$299$285$2535%13%
Net cash used in investing activities from continuing operations(137)(138)(42)—229%
Net cash used in financing activities(72)(314)(271)(77)%16%
Capital expenditures from continuing operations(173)(184)(230)(6)%(20)%
Amounts attributable to Huntsman International:
Loss from continuing operations$(273)$(160)$(15)
(Loss) income from discontinued operations, net of tax(9)(27)118
Net (loss) income$(282)$(187)$103

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Huntsman Corporation

[Excerpt truncated for page length; the complete text is on the linked full-MD&A page.]

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