Huntsman Corp HUN

MaterialsChemicalsUnited States of America

Last close 9.95 USD on Nov 2, 2026, +1.7% year to date

Quant rating

Quant rating C Rank 87 of 151 in Materials

Growth B 47 of 151
Valuation D 112 of 151
Quality C 76 of 151
Revisions C 89 of 151
Momentum C 100 of 151

Wall Street consensus Hold (2.83)Average target 10.87 USD +9.2%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.7B
Enterprise value: 3.7B
52-week range: 7.29 – 16.08
3-year range: 7.29 – 26.60
Dividend yield: 3.63%
Beta (5 years): 0.74
Shares outstanding: 175M
Next earnings: Nov 4, 2026

About the company

Huntsman Corporation is a manufacturer of diversified organic chemical products. The Company's segments include Polyurethanes, Performance Products and Advanced Materials. The Polyurethanes segment provides a range of polyurethane chemicals, including methylene diphenyl diisocyanate (MDI) products, polyols and thermoplastic polyurethane (TPU). It serves building insulation, construction products, automotive, including electric vehicles, and footwear markets. The Performance Products segment provides amines and maleic anhydride and serves a variety of consumer and industrial end markets. Amines are used in polyurethane foam, fuel and lubricant additives, paints and coatings, composites, gas treatment, construction materials and semiconductor cleaning solutions. Advanced Materials is a manufacturer and marketer of epoxy, phenoxy, acrylic, polyurethane, mercaptan and acrylonitrile butadiene-based polymer products as well as carbon nanomaterials.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	5,683	6,036	6,111	8,023	7,670	–
Revenue growth	−5.8%	−1.2%	−23.8%	4.6%	27.5%	−1.1%
EPS (basic, normalized)	−0.70	−0.08	0.37	3.13	3.54	–
EPS growth	–	–	−88.2%	−11.6%	–	–
Gross margin	13.2%	14.3%	14.8%	19.3%	20.7%	16.5%
Net margin	−4.8%	−2.7%	−0.3%	5.6%	13.0%	2.2%
ROE	−9.7%	−5.3%	−0.5%	11.2%	25.3%	4.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	346
Current ratio	1.33x
Long-term debt (mil)	1,723
Net debt (mil)	1,996
Total equity (mil)	2,674
Net debt / equity	0.75x
Net debt / EBITDA	7.26x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	5,683	−5.8%	0.7x	275	−34.0%	13.6x	−0.70	−775.0%	−14.2x
2026	6,160	+8.4%	0.6x	384	+39.6%	9.7x	−0.24	+65.3%	−41.0x
2027	6,289	+2.1%	0.6x	438	+14.2%	8.5x	0.10	+140.8%	100.3x
2028	6,487	+3.1%	0.6x	502	+14.5%	7.5x	0.44	+339.7%	22.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	6,160	−0.1%	+0.3%	+2.3%	−0.24	−7.4%	−14.6%	+15.0%
2027	6,289	−0.2%	−0.1%	+0.4%	0.10	−27.0%	−28.7%	+197.0%
2028	6,487	−0.9%	−0.9%	0.0%	0.44	−5.2%	−14.7%	−24.6%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	1,470	1,574	1,540	1,452	1,410	1,458	1,460	1,355	1,420	1,663
Sales mean (mil)	1,471	1,612	1,551	1,443	1,489	1,495	1,456	1,341	1,390	1,606
Surprise	0.0%	−2.3%	−0.7%	+0.6%	−5.3%	−2.4%	+0.2%	+1.0%	+2.1%	+3.6%
EPS reported	−0.06	0.14	0.10	−0.25	−0.11	−0.20	−0.03	−0.37	−0.20	0.00
EPS mean	−0.06	0.14	0.09	−0.10	−0.11	−0.12	−0.15	−0.33	−0.20	0.05
Surprise	−1.0%	−1.0%	+5.4%	−154.6%	−1.9%	−66.2%	+80.4%	−12.7%	+2.3%	−100.0%

Peer comparison Chemicals

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
HUN Huntsman Corp	1.7B	7.26x	−4.8%	0.65x	−41.0x	100.3x	9.7x	8.5x
1COVG Covestro AG	14.1B	–	−5.0%	1.72x	–	–	–	–
Mean		7.26x	−4.9%	1.18x	−41.0x	100.3x	9.7x	8.5x
Median		7.26x	−4.9%	1.18x	−41.0x	100.3x	9.7x	8.5x

Technical analysis

1M+16.6%
3M+2.9%
1Y+23.9%
3Y−50.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Huntsman Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	5,683	6,036	6,111	8,023	7,670	6,018
Cost of revenue	4,932	5,170	5,205	6,477	6,086	4,918
Gross profit	751	866	906	1,546	1,584	1,100
Selling, general & administrative expenses	670	671	689	711	739	775
Research & development	120	121	115	125	135	135
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	110	98.0	18.0	89.0	−426	−198
Other operating expenses	−18.0	1.0	0	−48.0	−33.0	−45.0
Operating income	−131	−25.0	84.0	669	1,169	433
Net interest income (expense)	−75.0	−35.0	13.0	−7.0	48.0	−132
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	14.0	21.0	2.0	35.0	29.0	36.0
Net income before taxes	−192	−39.0	99.0	697	1,246	337
Provision for taxes	26.0	61.0	64.0	186	191	46.0
Minority interest	−57.0	−62.0	−52.0	−63.0	−59.0	−32.0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−275	−162	−17.0	448	996	259
Extraordinary items	−9.0	−27.0	118	12.0	49.0	775
Net income	−284	−189	101	460	1,045	1,034
EBIT, normalized	−45.0	115	142	883	328	239
EBITDA, normalized	242	404	420	1,164	624	522
Basic EPS, normalized	−0.70	−0.08	0.37	3.13	3.54	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Huntsman Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	429	340	540	654	1,041	1,593
Receivables	677	725	753	834	1,519	910
Total inventory	818	917	867	995	1,201	848
Prepaid expenses	94.0	114	–	–	–	–
Other current assets	46.0	29.0	154	662	167	217
Total current assets	2,064	2,125	2,314	3,145	3,928	3,568
Property, plant & equipment	2,851	2,875	2,742	2,751	2,979	2,950
Goodwill	630	633	644	641	650	533
Intangibles	308	344	387	425	469	453
Long-term investments	309	346	438	425	470	373
Note receivable	–	–	–	–	–	0
Other long-term assets	853	791	723	833	896	836
Total assets	7,015	7,114	7,248	8,220	9,392	8,713
Liabilities
Accounts payable	721	770	719	961	1,208	876
Payable/accrued	–	–	–	–	–	–
Accrued expenses	483	392	374	412	696	437
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	353	325	12.0	66.0	12.0	593
Other current liabilities	32.0	78.0	67.0	262	135	73.0
Total current liabilities	1,589	1,565	1,172	1,701	2,051	1,979
Long-term debt	1,658	1,510	1,676	1,671	1,538	1,528
Minority interest	230	231	255	241	193	174
Other liabilities	811	876	922	1,008	1,244	1,533
Total liabilities	4,288	4,182	4,025	4,621	5,026	5,214
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	3.0	3.0	3.0	3.0	3.0	3.0
Additional paid-in capital	4,261	4,233	4,202	4,156	4,102	4,048
Retained earnings (accumulated deficit)	1,810	2,245	2,622	2,705	2,435	1,564
Treasury stock	−2,290	−2,290	−2,290	−1,937	−934	−731
Other equity	−1,057	−1,259	−1,314	−1,328	−1,240	−1,385
Total equity	2,727	2,932	3,223	3,599	4,366	3,499
Total liabilities & shareholders' equity	7,015	7,114	7,248	8,220	9,392	8,713

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Huntsman Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−227	−127	153	523	1,104	1,066
Depreciation, depletion & amortization	287	289	278	281	296	283
Deferred taxes	−32.0	−15.0	−10.0	89.0	−37.0	172
Non-cash items	223	246	−53.0	85.0	50.0	−910
Changes in working capital	38.0	−130	−159	−64.0	−461	−358
Cash from operations	289	263	209	914	952	253
Investing activities
Capital expenditures	−173	−184	−230	−272	−342	−249
Other investing cash flows	41.0	58.0	535	−7.0	−182	1,712
Cash from investing	−132	−126	305	−279	−524	1,463
Financing activities
Financing cash flow items	−59.0	−92.0	−35.0	−17.0	−44.0	−45.0
Cash dividends paid	−146	−174	−169	−171	−159	−144
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	129	−60.0	−416	−806	−774	−466
Cash from financing	−76.0	−326	−620	−994	−977	−655
Foreign exchange effects	8.0	−11.0	−8.0	−28.0	−3.0	7.0
Net change in cash	89.0	−200	−114	−387	−552	1,068
Free cash flow	116	79.0	−21.0	642	610	4.0

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.