Element Solutions IncESI
NYSE•Basic Materials•Specialty Chemicals
Element Solutions Inc operates as a specialty chemicals technology company in the United States, China, and internationally. The company operates in two segments: MacDermid Alpha Electronics Solutions and Element Specialties. Its MacDermid Alpha Electronics Solutions segment provides assembly solutions, including surface mount technologies, pastes fluxes, thermal management materials, coatings, and other attachment materials; circuitry solutions, such as circuit board metallization, circuit formation products, electronic materials, surface finishes, and film and smart surface solutions; and semiconductor solutions, which includes semiconductor assembly and wafer level packaging materials. This segment serves the mobile communications, computers, automobiles, and aerospace equipment industries. The Element Specialties segment offers industrial solutions, including electroless nickel, plating products, pre-treatment and cleaning solutions, functional conversion coatings, and water treatment; and energy solutions, which includes offshore fluids. This segment serves the aerospace, automotive, construction, consumer electronics, and oil and gas production end markets. The company was formerly known as Platform Specialty Products Corporation and changed its name to Element Solutions Inc in January 2019. Element Solutions Inc was founded in 1785 and is based in Miami Beach, Florida.
Element Solutions Inc. (ESI) reported trailing twelve months revenue of $2.80B as of March 2026, a 13.0% increase year-over-year. Quarterly revenue reached $840.00M, reflecting continued top-line momentum.
Element Solutions Inc. generated $148.70M in TTM net income, with quarterly EBITDA of $153.90M. The operating margin expanded from 13.0% to 13.3%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (13.3%) and net margin (6.7%) indicates moderate non-operating costs. Net margin has narrowed from 16.5% a year ago, reflecting increased costs or interest expense.
ESI trades at a P/E of 74.0x (a premium multiple) and a P/S of 3.9x. The price-to-book ratio of 4.0x reflects a moderate premium to book value.
The company reported negative free cash flow of $-91.70M, indicating cash consumption over the period. The balance sheet shows $5.74B in total assets with $2.06B in long-term debt against $2.73B in stockholders equity for a debt-to-equity ratio of 0.8. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~13.7% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~8.9% on average, adequate but below the threshold typically associated with wide moats.
7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~18.5% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~13.5% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.8 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation