Stepan Financials
This page shows Stepan (SCL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Stepan has an operating margin of 3.2%, meaning the company retains $3 of operating profit per $100 of revenue. This below-average margin results in a low score of 16/100, suggesting thin profitability after operating expenses. This is up from 2.5% the prior year.
Stepan's revenue declined 6.3% year-over-year, from $2.3B to $2.2B. This contraction results in a growth score of 11/100.
Stepan carries a low D/E ratio of 0.28, meaning only $0.28 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Stepan's current ratio of 1.21 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 28/100, which could limit financial flexibility.
While Stepan generated $162.1M in operating cash flow, capex of $122.8M consumed most of it, leaving $39.3M in free cash flow. This results in a low score of 9/100, reflecting heavy capital investment rather than weak cash generation.
Stepan generates a 4.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 17/100. This is up from 3.3% the prior year.
Stepan scores 2.69, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Stepan passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Stepan generates $3.22 in operating cash flow ($162.1M OCF vs $50.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Stepan earns $2.1 in operating income for every $1 of interest expense ($70.5M vs $33.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Stepan generated $2.2B in revenue in fiscal year 2024. This represents a decrease of 6.3% from the prior year.
Stepan's EBITDA was $182.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.4% from the prior year.
Stepan generated $39.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 146.0% from the prior year.
Stepan reported $50.4M in net income in fiscal year 2024. This represents an increase of 25.3% from the prior year.
Stepan earned $2.20 per diluted share (EPS) in fiscal year 2024. This represents an increase of 25.7% from the prior year.
Stepan held $99.7M in cash against $332.6M in long-term debt as of fiscal year 2024.
Stepan paid $1.51 per share in dividends in fiscal year 2024. This represents an increase of 2.7% from the prior year.
Stepan had 23M shares outstanding in fiscal year 2024. This represents an increase of 0.5% from the prior year.
Stepan's gross margin was 12.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.
Stepan's operating margin was 3.2% in fiscal year 2024, reflecting core business profitability. This is up 0.7 percentage points from the prior year.
Stepan's net profit margin was 2.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.6 percentage points from the prior year.
Stepan's ROE was 4.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the prior year.
Stepan invested $33.5M in research and development in fiscal year 2024. This represents a decrease of 6.1% from the prior year.
Stepan invested $122.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 52.8% from the prior year.
SCL Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $590.3M-0.7% | $594.7M+0.2% | $593.3M+12.9% | $525.6M-5.5% | $556.4M+0.9% | $551.4M+3.6% | $532.1M-5.4% | $562.2M |
| Cost of Revenue | $519.3M-0.7% | $522.8M+1.0% | $517.8M+10.4% | $468.9M-3.7% | $486.9M+1.2% | $481.1M+3.3% | $465.7M-5.1% | $491.0M |
| Gross Profit | $71.0M-1.2% | $71.9M-4.7% | $75.5M+33.1% | $56.7M-18.5% | $69.6M-1.0% | $70.3M+5.8% | $66.4M-6.8% | $71.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $22.9M+0.3% | $22.8M+6.5% | $21.4M-13.5% | $24.8M+0.8% | $24.6M+8.3% | $22.7M-9.5% | $25.1M+9.5% | $22.9M |
| Operating Income | $21.8M+21.3% | $18.0M-36.5% | $28.3M+267.6% | $7.7M-58.8% | $18.7M-7.4% | $20.2M+8669.1% | $230K-98.8% | $19.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $5.7M+132.1% | $2.4M-50.6% | $5.0M+654.0% | -$894K-111.6% | $7.7M+38.0% | $5.6M+325.1% | -$2.5M-175.7% | $3.3M |
| Net Income | $10.8M-4.4% | $11.3M-42.5% | $19.7M+488.4% | $3.4M-64.8% | $9.5M-31.5% | $13.9M+1264.5% | -$1.2M-109.5% | $12.6M |
| EPS (Diluted) | $0.47-6.0% | $0.50-41.9% | $0.86+514.3% | $0.14-66.7% | $0.42-31.1% | $0.61+1320.0% | $-0.05-109.1% | $0.55 |
SCL Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.4B+0.7% | $2.4B+1.1% | $2.4B+3.7% | $2.3B-1.9% | $2.3B-1.0% | $2.4B+0.4% | $2.4B+1.3% | $2.3B |
| Current Assets | $920.6M+1.6% | $906.1M+1.0% | $897.2M+10.7% | $810.4M-6.5% | $867.1M-0.3% | $869.8M+2.1% | $851.9M+0.3% | $849.4M |
| Cash & Equivalents | $118.5M+33.3% | $88.9M-17.3% | $107.5M+7.9% | $99.7M-20.1% | $124.7M-0.8% | $125.8M-3.1% | $129.8M+23.0% | $105.5M |
| Inventory | $324.3M-1.6% | $329.5M+6.5% | $309.3M+7.1% | $288.7M+8.5% | $266.0M+3.5% | $257.1M-3.2% | $265.6M-6.7% | $284.5M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $99.0M+0.1% | $98.9M+5.2% | $94.0M+2.9% | $91.4M-3.2% | $94.4M-2.0% | $96.3M-1.2% | $97.4M+0.9% | $96.5M |
| Total Liabilities | $1.2B+0.9% | $1.2B-1.2% | $1.2B+4.8% | $1.1B-1.9% | $1.2B-0.2% | $1.2B+1.0% | $1.1B+1.4% | $1.1B |
| Current Liabilities | $709.4M+5.4% | $673.0M-9.0% | $739.5M+10.5% | $669.0M+2.1% | $655.2M+4.2% | $628.9M+3.5% | $607.9M+4.4% | $582.1M |
| Long-Term Debt | $357.1M-6.8% | $383.2M+15.9% | $330.8M-0.6% | $332.6M-11.2% | $374.7M-6.4% | $400.1M-0.3% | $401.2M-5.0% | $422.4M |
| Total Equity | $1.2B+0.4% | $1.2B+3.4% | $1.2B+2.6% | $1.2B-1.9% | $1.2B-1.8% | $1.2B-0.2% | $1.2B+1.1% | $1.2B |
| Retained Earnings | $1.3B+0.2% | $1.3B+0.2% | $1.3B+0.9% | $1.3B+0.8% | $1.3B+0.1% | $1.3B+0.4% | $1.3B-0.8% | $1.3B |
SCL Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $69.8M+523.2% | $11.2M+61.2% | $6.9M-89.8% | $68.3M+131.5% | $29.5M-29.0% | $41.6M-39.8% | $69.0M-1.6% | $70.1M |
| Capital Expenditures | $29.6M+15.4% | $25.6M-21.8% | $32.7M-9.5% | $36.2M+21.9% | $29.7M-1.5% | $30.2M-35.5% | $46.7M-13.0% | $53.7M |
| Free Cash Flow | $40.2M+379.1% | -$14.4M+44.2% | -$25.8M-180.4% | $32.1M+15524.0% | -$208K-101.8% | $11.4M-48.8% | $22.2M+35.6% | $16.4M |
| Investing Cash Flow | -$29.6M-17.9% | -$25.1M+5.1% | -$26.4M+27.0% | -$36.2M-22.2% | -$29.6M-21.3% | -$24.4M+47.8% | -$46.7M+13.0% | -$53.7M |
| Financing Cash Flow | -$11.0M-15.7% | -$9.5M-141.8% | $22.8M+131.9% | -$71.4M-1895.7% | $4.0M+119.9% | -$20.0M-496.0% | -$3.4M+91.9% | -$41.3M |
| Dividends Paid | $8.7M+0.1% | $8.7M+0.2% | $8.7M+0.3% | $8.7M+2.7% | $8.4M+0.1% | $8.4M+0.4% | $8.4M+2.8% | $8.2M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SCL Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.0%-0.1pp | 12.1%-0.6pp | 12.7%+1.9pp | 10.8%-1.7pp | 12.5%-0.3pp | 12.8%+0.3pp | 12.5%-0.2pp | 12.7% |
| Operating Margin | 3.7%+0.7pp | 3.0%-1.7pp | 4.8%+3.3pp | 1.5%-1.9pp | 3.4%-0.3pp | 3.7%+3.6pp | 0.0%-3.4pp | 3.5% |
| Net Margin | 1.8%-0.1pp | 1.9%-1.4pp | 3.3%+2.7pp | 0.6%-1.1pp | 1.7%-0.8pp | 2.5%+2.7pp | -0.2%-2.5pp | 2.2% |
| Return on Equity | 0.9%-0.0pp | 0.9%-0.7pp | 1.6%+1.4pp | 0.3%-0.5pp | 0.8%-0.3pp | 1.1% | N/A | 1.1% |
| Return on Assets | 0.4%-0.0pp | 0.5%-0.4pp | 0.8%+0.7pp | 0.1%-0.3pp | 0.4%-0.2pp | 0.6%+0.6pp | -0.1%-0.6pp | 0.5% |
| Current Ratio | 1.30-0.0 | 1.35+0.1 | 1.210.0 | 1.21-0.1 | 1.32-0.1 | 1.38-0.0 | 1.40-0.1 | 1.46 |
| Debt-to-Equity | 0.29-0.0 | 0.31+0.0 | 0.280.0 | 0.28-0.0 | 0.31-0.0 | 0.330.0 | 0.33-0.0 | 0.35 |
| FCF Margin | 6.8%+9.2pp | -2.4%+1.9pp | -4.3%-10.4pp | 6.1%+6.1pp | -0.0%-2.1pp | 2.1%-2.1pp | 4.2%+1.3pp | 2.9% |
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Frequently Asked Questions
What is Stepan's annual revenue?
Stepan (SCL) reported $2.2B in total revenue for fiscal year 2024. This represents a -6.3% 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 Stepan's revenue growing?
Stepan (SCL) revenue declined by 6.3% year-over-year, from $2.3B to $2.2B in fiscal year 2024.
Is Stepan profitable?
Yes, Stepan (SCL) reported a net income of $50.4M in fiscal year 2024, with a net profit margin of 2.3%.
What is Stepan's earnings per share (EPS)?
Stepan (SCL) reported diluted earnings per share of $2.20 for fiscal year 2024. This represents a 25.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Stepan's EBITDA?
Stepan (SCL) had EBITDA of $182.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Stepan have?
As of fiscal year 2024, Stepan (SCL) had $99.7M in cash and equivalents against $332.6M in long-term debt.
What is Stepan's gross margin?
Stepan (SCL) had a gross margin of 12.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Stepan's operating margin?
Stepan (SCL) had an operating margin of 3.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Stepan's net profit margin?
Stepan (SCL) had a net profit margin of 2.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Stepan pay dividends?
Yes, Stepan (SCL) paid $1.51 per share in dividends during fiscal year 2024.
What is Stepan's return on equity (ROE)?
Stepan (SCL) has a return on equity of 4.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Stepan's free cash flow?
Stepan (SCL) generated $39.3M in free cash flow during fiscal year 2024. This represents a 146.0% 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 Stepan's operating cash flow?
Stepan (SCL) generated $162.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Stepan's total assets?
Stepan (SCL) had $2.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Stepan's capital expenditures?
Stepan (SCL) invested $122.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Stepan spend on research and development?
Stepan (SCL) invested $33.5M in research and development during fiscal year 2024.
How many shares does Stepan have outstanding?
Stepan (SCL) had 23M shares outstanding as of fiscal year 2024.
What is Stepan's current ratio?
Stepan (SCL) had a current ratio of 1.21 as of fiscal year 2024, which is considered adequate.
What is Stepan's debt-to-equity ratio?
Stepan (SCL) had a debt-to-equity ratio of 0.28 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Stepan's return on assets (ROA)?
Stepan (SCL) had a return on assets of 2.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Stepan's Altman Z-Score?
Stepan (SCL) has an Altman Z-Score of 2.69, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Stepan's Piotroski F-Score?
Stepan (SCL) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Stepan's earnings high quality?
Stepan (SCL) has an earnings quality ratio of 3.22x, 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.
Can Stepan cover its interest payments?
Stepan (SCL) has an interest coverage ratio of 2.1x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Stepan?
Stepan (SCL) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.