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ValueScreener company report

Cabot Corporation (CBT)

NYSE / Basic Materials / Chemicals - Specialty

Share price

75.48 USD Market dataClose of Oct 15, 2026

Market capitalisation

3.90B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Nov 24, 2025
Ratios computed
Oct 15, 2026
Filed years
17, FY2008 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

15.9% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

12.43x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

9.6% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 2.41B USDFY2016 Net income: 147.0M USDFY2017 Revenue: 2.72B USDFY2017 Net income: 248.0M USDFY2018 Revenue: 3.24B USDFY2018 Net income: -113.0M USDFY2019 Revenue: 3.34B USDFY2019 Net income: 157.0M USDFY2020 Revenue: 2.61B USDFY2020 Net income: -238.0M USDFY2021 Revenue: 3.41B USDFY2021 Net income: 250.0M USDFY2022 Revenue: 4.32B USDFY2022 Net income: 209.0M USDFY2023 Revenue: 3.93B USDFY2023 Net income: 445.0M USDFY2024 Revenue: 3.99B USDFY2024 Net income: 380.0M USDFY2025 Revenue: 3.71B USDFY2025 Net income: 331.0M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
7 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 12.43x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 10.00x and 15.00x.

Today, against the Basic Materials sector (124 companies), 12.43x sits at the 13th percentile; the middle half of that group runs from 15.03x to 34.97x.

Is it good

Return on invested capital was 15.9% in FY2025, in the band labelled "Above the cost of capital" (12.0% to 20.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Basic Materials sector (99 companies), 15.9% sits at the 85th percentile; the middle half of that group runs from 1.5% to 12.9%.

Is it safe

Interest coverage was 8.17x in FY2025, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether Cabot Corporation's return on equity stayed above the median of the Chemicals - Specialty industry, year by year. (FY2021 to FY2025, 5 fiscal years of Cabot Corporation with a comparable figure)
The direction
Which way Cabot Corporation's return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Cabot Corporation)
What could explain it
What in Cabot Corporation's filed statements could explain the movements. (10 readings drawn from the statement lines Cabot Corporation filed)
What to check next
What to check next on Cabot Corporation, and where in its filings. (3 questions for Cabot Corporation)
In one paragraph
One paragraph on Cabot Corporation's returns, cash, balance sheet and price. (16 of sixteen figures read for Cabot Corporation)

These are CBT’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research CBTPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Nov 24, 2025, accession 0001193125-25-292412.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Cabot Corporation: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax15.9% ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Return on equity21.4% ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Return on capital employed, pre-tax21.7% ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Return on assets8.7% ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Gross margin25.3% ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Operating margin16.7% ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Net margin8.9% ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
CBT 8.9%
BCPC 14.9%AXTA 7.4%HWKN 7.5%FUL 4.4%EMN 5.4%
4.4%14.9%
Net margin: CBT against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Cabot Corporation: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.81 ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Current ratio1.61 ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Quick ratio1.08 ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Interest coverage8.17x ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Altman Z-score3.53 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Net debt1.00B ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Total assets 3.81BTotal liabilities 2.11BShareholders' equity 1.55BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Cabot Corporation owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Nov 24, 2025, 0001193125-25-292412).

Cabot Corporation: balance sheet position
Total assets3.81B FiledFY2025 10-K, filed Nov 24, 2025
Total liabilities2.11B FiledFY2025 10-K, filed Nov 24, 2025
Shareholders' equity1.55B FiledFY2025 10-K, filed Nov 24, 2025
Cash258.0M FiledFY2025 10-K, filed Nov 24, 2025
Total debt1.26B FiledFY2025 10-K, filed Nov 24, 2025
Net debt1.00B
Current ratio1.61
Debt to equity0.81

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Cabot Corporation: what the market charges, each with its source
FigureValue, source and document
Price to earnings12.43x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
P/E on trailing twelve months21.20x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book2.64x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Price to sales1.10x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Enterprise value to EBIT8.20x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Enterprise value to EBITDA6.57x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Diluted earnings per share6.02 USD FiledFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Graham number62.50 USD ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412

We publish no fair value or price target of our own. Value CBT on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Cabot Corporation today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Cabot Corporation: valuation
Share price75.48 USD
Market capitalisation3.90B USD
Enterprise value to EBITDA6.57x
Graham number62.50 USD
Diluted earnings per share, FY20256.02 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 7.69x, median 14.35x, high 60.47x, latest 21.20x. 2,079 trading days with a meaningful ratio, 442 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Cabot Corporation

  1. Balchem Corporation (BCPC)Market cap 5.44B USD
  2. Axalta Coating Systems Ltd. (AXTA)Market cap 7.22B USD
  3. Hawkins, Inc. (HWKN)Market cap 2.75B USD
  4. H.B. Fuller Company (FUL)Market cap 2.78B USD
  5. Eastman Chemical Company (EMN)Market cap 7.30B USD

Same industry (Chemicals - Specialty) and size band (Mid, 2B to 10B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Cabot Corporation: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield9.6% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Free cash flow391.0M USD ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Free cash flow margin10.5% ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Dividend yield2.4% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Payout ratio29.0% ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
FY2016 Free cash flow: 280.0M USDFY2016 Net income: 147.0M USDFY2017 Free cash flow: 201.0M USDFY2017 Net income: 248.0M USDFY2018 Free cash flow: 69.0M USDFY2018 Net income: -113.0M USDFY2019 Free cash flow: 139.0M USDFY2019 Net income: 157.0M USDFY2020 Free cash flow: 177.0M USDFY2020 Net income: -238.0M USDFY2021 Free cash flow: 62.0M USDFY2021 Net income: 250.0M USDFY2022 Free cash flow: -111.0M USDFY2022 Net income: 209.0M USDFY2023 Free cash flow: 351.0M USDFY2023 Net income: 445.0M USDFY2024 Free cash flow: 451.0M USDFY2024 Net income: 380.0M USDFY2025 Free cash flow: 391.0M USDFY2025 Net income: 331.0M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Cabot Corporation: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
12.43xFY2025Oct 15, 2026
2.64xFY2025Oct 15, 2026
8.20xFY2025Oct 15, 2026
9.6%FY2025Oct 15, 2026
15.9%FY2025Nov 24, 2025
2.4%FY2025Oct 15, 2026
0.81FY2025Nov 24, 2025
1.61FY2025Nov 24, 2025
1.10xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
3.53FY2025Oct 15, 2026
-3.13FY2025Nov 24, 2025
6/9FY2025Nov 24, 2025

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 17 filed fiscal years on record, FY2008 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Cabot Corporation filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Cabot Corporation: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20253.71B621.0M331.0M6.02391.0M16.7%21.4%10-K, Nov 24, 20250001193125-25-292412
FY20243.99B614.0M380.0M6.72451.0M15.4%26.7%10-K, Nov 20, 20240000950170-24-129210
FY20233.93B526.0M445.0M7.73351.0M13.4%35.2%10-K, Nov 22, 20230000950170-23-065844
FY20224.32B389.0M209.0M3.62-111.0M9.0%23.3%10-K, Nov 23, 20220001564590-22-038228
FY20213.41B454.0M250.0M4.3462.0M13.3%26.4%10-K, Nov 29, 20210001564590-21-058692
FY20202.61B21.0M-238.0M-4.21177.0M0.8%-34.4%10-K, Nov 25, 20200001564590-20-055198
FY20193.34B306.0M157.0M2.63139.0M9.2%15.7%10-K, Nov 22, 20190001564590-19-044207
FY20183.24B144.0M-113.0M-1.8569.0M4.4%-9.8%10-K, Nov 21, 20180001564590-18-029997
FY20172.72B338.0M248.0M3.91201.0M12.4%16.5%10-K, Nov 22, 20170001564590-17-024203
FY20162.41B247.0M147.0M2.32280.0M10.2%11.5%10-K, Nov 23, 20160001564590-16-029604
  • Revenue, compound annual growth FY2016 to FY2025: 4.9%
  • Earnings, compound annual growth FY2016 to FY2025: 9.4%
  • Earnings per share, compound annual growth FY2016 to FY2025: 11.2%
  • Free cash flow, compound annual growth FY2016 to FY2025: 3.8%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Cabot Corporation: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-3.13 ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Piotroski F-score6/9 ComputedFY2025 10-K, filed Nov 24, 2025, 0001193125-25-292412
Named tests met7 of 30 Computed
Beta0.73 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 7 met, 22 not met, 1 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Earnings yield and ROIC (Joel Greenblatt); EV/EBITDA and coverage; Dividends and buybacks; ROIC at or above WACC; Cash-covered dividend; Cash-flow yield and ROIC; Cheapest quarter on P/E (David Dreman)
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); High yield, low payout; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Clean books, high ROIC; Cheapest quarter on P/B (David Dreman)
Not measured
Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(2)
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 2 figures could not be read on this company: PEG Ratio, Eps Growth 5Y. 1 named test comes back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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