Advansix Financials
This page shows Advansix (ASIX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
With sales essentially flat, AdvanSix’s business now depends on margin repair that still converts poorly into durable free cash.
From FY2023 to FY2025, gross margin improved from10.1% to10.8% , but free cash flow stayed near zero because capex nearly matched operating cash flow. At the same time, inventory rose from$212M to$236M , showing the recovery has been absorbed by reinvestment and working capital rather than released as cash.
The recent issue is less volume than profitability per sales dollar: revenue was nearly unchanged between FY2024 and FY2025, yet net margin was only
Liquidity looks workable rather than roomy, with a current ratio near 1.1x and just
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Advansix's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Advansix's revenue grew a modest 0.3% year-over-year to $1.5B. This slow but positive growth earns a score of 30/100.
Advansix has a moderate D/E ratio of 1.09. This balance of debt and equity financing earns a leverage score of 45/100.
Advansix's current ratio of 1.13 is below the typical benchmark, resulting in a score of 25/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Advansix generated $122.9M in operating cash flow, capex of $116.4M consumed most of it, leaving $6.4M in free cash flow. This results in a low score of 29/100, reflecting heavy capital investment rather than weak cash generation.
Advansix passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Advansix generates $2.49 in operating cash flow ($122.9M OCF vs $49.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Advansix generated $1.5B in revenue in fiscal year 2025. This represents an increase of 0.3% from the prior year.
Advansix reported $49.3M in net income in fiscal year 2025. This represents an increase of 11.8% from the prior year.
Advansix earned $1.80 per diluted share (EPS) in fiscal year 2025. This represents an increase of 11.1% from the prior year.
Cash & Balance Sheet
Advansix generated $6.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 279.5% from the prior year.
Advansix held $19.8M in cash against $0 in long-term debt as of fiscal year 2025.
Advansix had 27M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.
Margins & Returns
Advansix's gross margin was 10.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.
Advansix's net profit margin was 3.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.3 percentage points from the prior year.
Advansix's ROE was 6.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.4 percentage points from the prior year.
Capital Allocation
Advansix invested $8.7M in research and development in fiscal year 2025. This represents a decrease of 1.1% from the prior year.
Advansix spent $1.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 84.1% from the prior year.
Advansix invested $116.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 12.9% from the prior year.
ASIX Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $404.2M+12.3% | $359.9M-3.9% | $374.5M-8.7% | $410.0M+8.5% | $377.8M+14.8% | $329.1M-17.4% | $398.2M-12.2% | $453.5M |
| Cost of Revenue | $400.4M+20.4% | $332.6M-4.7% | $349.1M-0.6% | $351.3M+8.3% | $324.3M+2.1% | $317.8M-6.8% | $340.9M-8.4% | $372.1M |
| Gross Profit | $3.8M-86.1% | $27.4M+7.8% | $25.4M-56.8% | $58.7M+9.8% | $53.5M+373.2% | $11.3M-80.3% | $57.3M-29.6% | $81.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $22.5M-21.0% | $28.5M+3.9% | $27.4M+7.9% | $25.4M+8.6% | $23.4M+7.7% | $21.7M-10.4% | $24.3M-0.7% | $24.4M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | -$2.4M-2.8% | -$2.4M-1.8% | -$2.3M-3.0% | -$2.3M-46.3% | -$1.5M+29.1% | -$2.2M+25.6% | -$2.9M+16.8% | -$3.5M |
| Income Tax | -$5.1M-2800.5% | $190K+120.9% | -$909K-425.8% | $279K-95.0% | $5.6M+142.4% | -$13.2M-276.2% | $7.5M-43.1% | $13.1M |
| Net Income | -$15.5M-459.8% | -$2.8M-5.3% | -$2.6M-108.4% | $31.4M+34.4% | $23.3M+7604.3% | $303K-98.6% | $22.3M-42.8% | $38.9M |
| EPS (Diluted) | $-0.58 | N/A | $-0.10-108.7% | $1.15+33.7% | $0.86 | N/A | $0.82-42.7% | $1.43 |
ASIX Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7B+0.3% | $1.7B+1.1% | $1.7B+2.5% | $1.6B+1.3% | $1.6B+1.9% | $1.6B+5.6% | $1.5B+2.2% | $1.5B |
| Current Assets | $454.0M+3.0% | $440.6M-3.2% | $455.0M+4.8% | $434.2M+3.8% | $418.2M+8.0% | $387.1M-2.2% | $395.8M+4.5% | $378.6M |
| Cash & Equivalents | $17.6M-11.1% | $19.8M-16.6% | $23.7M+28.5% | $18.4M+121.1% | $8.3M-57.4% | $19.6M+13.1% | $17.3M+42.9% | $12.1M |
| Inventory | $201.4M-14.9% | $236.5M+13.1% | $209.1M-5.7% | $221.8M-0.5% | $222.9M+4.9% | $212.4M-0.5% | $213.4M+21.4% | $175.8M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $56.2M0.0% | $56.2M0.0% | $56.2M0.0% | $56.2M0.0% | $56.2M0.0% | $56.2M0.0% | $56.2M0.0% | $56.2M |
| Total Liabilities | $914.5M+2.6% | $890.9M+2.4% | $870.1M+5.8% | $822.7M-1.1% | $831.6M+1.4% | $820.3M+10.3% | $743.8M+1.7% | $731.4M |
| Current Liabilities | $370.4M-5.0% | $390.0M+16.6% | $334.3M+4.1% | $321.1M-8.5% | $350.9M-1.7% | $357.1M+21.0% | $295.1M+8.1% | $273.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $796.3M-2.3% | $815.2M-0.4% | $818.2M-0.7% | $823.7M+3.7% | $794.4M+2.5% | $774.6M+1.1% | $766.4M+2.7% | $746.6M |
| Retained Earnings | $642.9M-3.0% | $663.0M-1.1% | $670.3M-1.0% | $677.4M+4.1% | $650.4M+3.0% | $631.5M-0.6% | $635.6M+2.9% | $617.7M |
ASIX Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$15.3M-124.1% | $63.7M+139.7% | $26.6M+25.9% | $21.1M+84.5% | $11.4M-82.2% | $64.2M+12.1% | $57.3M+14.0% | $50.2M |
| Capital Expenditures | $35.9M+30.2% | $27.6M+4.0% | $26.5M-6.2% | $28.3M-17.0% | $34.1M-0.8% | $34.3M+12.7% | $30.5M-9.0% | $33.5M |
| Free Cash Flow | -$51.3M-241.9% | $36.1M+54636.4% | $66K+100.9% | -$7.2M+68.4% | -$22.6M-175.9% | $29.8M+11.4% | $26.8M+60.2% | $16.7M |
| Investing Cash Flow | -$36.2M-31.0% | -$27.6M-3.1% | -$26.8M+14.8% | -$31.4M+14.6% | -$36.8M+1.8% | -$37.5M-14.2% | -$32.8M+8.4% | -$35.8M |
| Financing Cash Flow | $49.3M+223.1% | -$40.0M-835.2% | $5.4M-73.3% | $20.4M+44.5% | $14.1M+157.9% | -$24.4M-26.9% | -$19.3M+16.0% | -$22.9M |
| Dividends Paid | $4.3M+0.3% | $4.3M+0.1% | $4.3M+0.1% | $4.3M0.0% | $4.3M+0.3% | $4.3M0.0% | $4.3M-0.4% | $4.3M |
| Share Buybacks | $1.3M | $0-100.0% | $121K+137.3% | $51K-96.6% | $1.5M+148500.0% | $1K-97.6% | $42K-98.8% | $3.4M |
ASIX Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 0.9%-6.7pp | 7.6%+0.8pp | 6.8%-7.5pp | 14.3%+0.2pp | 14.1%+10.7pp | 3.4%-11.0pp | 14.4%-3.6pp | 17.9% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -3.9%-3.1pp | -0.8%-0.1pp | -0.7%-8.3pp | 7.6%+1.5pp | 6.2%+6.1pp | 0.1%-5.5pp | 5.6%-3.0pp | 8.6% |
| Return on Equity | -1.9%-1.6pp | -0.3%-0.0pp | -0.3%-4.1pp | 3.8%+0.9pp | 2.9%+2.9pp | 0.0%-2.9pp | 2.9%-2.3pp | 5.2% |
| Return on Assets | -0.9%-0.8pp | -0.2%0.0pp | -0.2%-2.1pp | 1.9%+0.5pp | 1.4%+1.4pp | 0.0%-1.4pp | 1.5%-1.2pp | 2.6% |
| Current Ratio | 1.23+0.1 | 1.13-0.2 | 1.360.0 | 1.35+0.2 | 1.19+0.1 | 1.08-0.3 | 1.34-0.0 | 1.39 |
| Debt-to-Equity | 1.15+0.1 | 1.09+0.0 | 1.06+0.1 | 1.00-0.0 | 1.05-0.0 | 1.06+0.1 | 0.970.0 | 0.98 |
| FCF Margin | -12.7%-22.7pp | 10.0%+10.0pp | 0.0%+1.8pp | -1.8%+4.2pp | -6.0%-15.0pp | 9.1%+2.3pp | 6.7%+3.0pp | 3.7% |
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Frequently Asked Questions
What is Advansix's annual revenue?
Advansix (ASIX) reported $1.5B in total revenue for fiscal year 2025. This represents a 0.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Advansix's revenue growing?
Advansix (ASIX) revenue grew by 0.3% year-over-year, from $1.5B to $1.5B in fiscal year 2025.
Is Advansix profitable?
Yes, Advansix (ASIX) reported a net income of $49.3M in fiscal year 2025, with a net profit margin of 3.2%.
What is Advansix's gross margin?
Advansix (ASIX) had a gross margin of 10.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Advansix's net profit margin?
Advansix (ASIX) had a net profit margin of 3.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Advansix's return on equity (ROE)?
Advansix (ASIX) has a return on equity of 6.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Advansix's free cash flow?
Advansix (ASIX) generated $6.4M in free cash flow during fiscal year 2025. This represents a 279.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Advansix's operating cash flow?
Advansix (ASIX) generated $122.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Advansix's total assets?
Advansix (ASIX) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Advansix's capital expenditures?
Advansix (ASIX) invested $116.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Advansix spend on research and development?
Advansix (ASIX) invested $8.7M in research and development during fiscal year 2025.
What is Advansix's current ratio?
Advansix (ASIX) had a current ratio of 1.13 as of fiscal year 2025, which is considered adequate.
What is Advansix's debt-to-equity ratio?
Advansix (ASIX) had a debt-to-equity ratio of 1.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Advansix's return on assets (ROA)?
Advansix (ASIX) had a return on assets of 2.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Advansix's Piotroski F-Score?
Advansix (ASIX) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Advansix's earnings high quality?
Advansix (ASIX) has an earnings quality ratio of 2.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Advansix?
Advansix (ASIX) scores 22 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.