ALBALBEMARLE CORP

Plastic Materials, Synth Resins & Nonvulcan Elastomers

Revenue: $5.1B; 4.4% YoY
Operating margin: -7.1%; 78% YoY
EBITDA: $292M; 125% YoY
Market cap: $10.7B
Employees: 7,800; $659K revenue each
Net debt / EBITDA: 5.1×; $1.5B net debt
AI in 10-K: 1.6; mentions per 10K words

Takeover score 0 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
—
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
15% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
9% of assets
Over 40% of assets
Shareholder dissentNo
95% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
$659K · 62nd pct
Bottom quartile of its SIC industry
Quiet on AINo
1.6 per 10K words · 49th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
5.1× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$10.7B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$7M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$3.3B	$7.3B	$9.6B	$5.4B	$5.1B	4.4%
Operating income	$798M	$2.5B	$252M	−$1.8B	−$367M	79%
Net income	$124M	$2.7B	$1.6B	−$1.2B	−$511M	57%
Operating cash flow	$344M	$1.9B	$1.3B	$688M	$1.3B	86%
Capex	$954M	$1.3B	$2.2B	$1.7B	$590M	65%
Stock-based comp	$20M	$30M	$37M	$32M	$40M	25%
Dividends	$178M	$184M	$187M	$189M	$191M	1.1%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $7M · 8
Net: −$7M

Pay vs performance

No pay-versus-performance disclosure yet.