NYSE: ALB
Albemarle
Materials · Plastic Materials, Synth Resins & Nonvulcan Elastomers
52-week range
$88.01$221.00
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$15.9B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $9.69B |
| FY2017, ended Dec 31, 2017 | $14.1B |
| FY2018, ended Dec 31, 2018 | $8.15B |
| FY2019, ended Dec 31, 2019 | $7.76B |
| FY2020, ended Dec 31, 2020 | $17.2B |
| FY2021, ended Dec 31, 2021 | $27.4B |
| FY2022, ended Dec 31, 2022 | $25.4B |
| FY2023, ended Dec 31, 2023 | $17.0B |
| FY2024, ended Dec 31, 2024 | $10.1B |
| FY2025, ended Dec 31, 2025 | $16.7B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $15.9B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$5.91B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $2.68B |
| FY2017, ended Dec 31, 2017 | $3.07B |
| FY2018, ended Dec 31, 2018 | $3.37B |
| FY2019, ended Dec 31, 2019 | $3.59B |
| FY2020, ended Dec 31, 2020 | $3.13B |
| FY2021, ended Dec 31, 2021 | $3.33B |
| FY2022, ended Dec 31, 2022 | $7.32B |
| FY2023, ended Dec 31, 2023 | $9.62B |
| FY2024, ended Dec 31, 2024 | $5.38B |
| FY2025, ended Dec 31, 2025 | $5.14B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $5.91B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $644M | $539M |
| FY2017, ended Dec 31, 2017 | $54.9M | −$13.7M |
| FY2018, ended Dec 31, 2018 | $694M | −$154M |
| FY2019, ended Dec 31, 2019 | $533M | −$132M |
| FY2020, ended Dec 31, 2020 | $376M | −$51.6M |
| FY2021, ended Dec 31, 2021 | $124M | −$609M |
| FY2022, ended Dec 31, 2022 | $2.69B | $651M |
| FY2023, ended Dec 31, 2023 | $1.57B | −$828M |
| FY2024, ended Dec 31, 2024 | −$1.18B | −$993M |
| FY2025, ended Dec 31, 2025 | −$511M | $692M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $224M | $1.34B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$1.63B
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $2.27B |
| FY2017, ended Dec 31, 2017 | $1.14B |
| FY2018, ended Dec 31, 2018 | $555M |
| FY2019, ended Dec 31, 2019 | $613M |
| FY2020, ended Dec 31, 2020 | $747M |
| FY2021, ended Dec 31, 2021 | $439M |
| FY2022, ended Dec 31, 2022 | $1.50B |
| FY2023, ended Dec 31, 2023 | $890M |
| FY2024, ended Dec 31, 2024 | $1.19B |
| FY2025, ended Dec 31, 2025 | $1.62B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $1.63B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$1.88B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $2.37B |
| FY2017, ended Dec 31, 2017 | $1.84B |
| FY2018, ended Dec 31, 2018 | $1.71B |
| FY2019, ended Dec 31, 2019 | $3.05B |
| FY2020, ended Dec 31, 2020 | $3.57B |
| FY2021, ended Dec 31, 2021 | $2.39B |
| FY2022, ended Dec 31, 2022 | $3.22B |
| FY2023, ended Dec 31, 2023 | $4.17B |
| FY2024, ended Dec 31, 2024 | $3.52B |
| FY2025, ended Dec 31, 2025 | $3.19B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $1.88B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Up 4.8% since 2016.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.118M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 113M |
| FY2017, ended Dec 31, 2017 | 111M |
| FY2018, ended Dec 31, 2018 | 106M |
| FY2019, ended Dec 31, 2019 | 106M |
| FY2020, ended Dec 31, 2020 | 117M |
| FY2021, ended Dec 31, 2021 | 117M |
| FY2022, ended Dec 31, 2022 | 117M |
| FY2023, ended Dec 31, 2023 | 117M |
| FY2024, ended Dec 31, 2024 | 118M |
| FY2025, ended Dec 31, 2025 | 118M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 118M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Net: $37.9M more issued than bought back
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| Period | Bought back | Paid to employees | Sold for cash |
|---|---|---|---|
| FY2016, ended Dec 31, 2016 | $0 | $17.0M | — |
| FY2017, ended Dec 31, 2017 | $250M | $19.4M | — |
| FY2018, ended Dec 31, 2018 | $500M | $15.2M | — |
| FY2019, ended Dec 31, 2019 | $0 | $19.7M | $0 |
| FY2020, ended Dec 31, 2020 | $0 | $22.8M | $0 |
| FY2021, ended Dec 31, 2021 | — | $20.1M | $1.45B |
| FY2022, ended Dec 31, 2022 | — | $30.5M | $0 |
| FY2023, ended Dec 31, 2023 | — | $36.5M | $0 |
| FY2024, ended Dec 31, 2024 | — | $32.1M | — |
| FY2025, ended Dec 31, 2025 | — | $40.3M | — |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | — | $37.9M | — |
Revenue (TTM)
$5.91B
+18.3% YoY
Net income (TTM)
$224M
n/m YoY
Cash
$1.63B
−9.7% YoY
Total debt
$1.88B
−48.2% YoY
Valuation
At current price- Market Cap
- $10.7B
- P/E
- 47.9×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 1.8×
- Price / Book
- 1.0×
- EV / EBITDA
- 12.3×
Growth
Trailing 12 months- Revenue (TTM)
- $5.91B
- Revenue Growth YoY
- 18.3%
- Revenue CAGR 3Y
- −11.1%
- Revenue CAGR 5Y
- 10.4%
- EPS Growth YoY
- n/m. Diluted EPS, TTM vs. TTM a year earlier
- Net Income Growth YoY
- n/m. TTM vs. TTM a year earlier
Profitability
Trailing 12 months- Gross Margin
- 23.8%
- Operating Margin
- 4.3%
- Net Margin
- 3.8%
- FCF Margin
- 22.7%
- Return on Equity
- 2.2%
Earnings
Trailing 12 months- Net Income
- $224M
- EPS (diluted)
- $0.27
- EBITDA
- $894M
- Operating Income
- $252M
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $1.63B
- Total Debt
- $1.88B
- Net Debt
- $245M
- Total Assets
- $15.9B
- Total Liabilities
- $5.37B
- Shareholders' Equity
- $10.3B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.80B
- Capital Expenditure
- $458M
- Free Cash Flow
- $1.34B
Dividends and risk
Last 12 months- Dividend Yield
- 1.8%
- Dividend / Share
- $1.63
- Beta (5Y)
- 1.36
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 18.3% year over year, at $5.91B.
Strength
Operating margin widened 25.0 pts in a year, to 4.3%.
Note
Net debt of $245M is 0.3× EBITDA, a manageable load.
Strength
Turns 22.7% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Dec 31, 2025 · filed Feb 11, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K25Serious concerns
25Serious concerns
10-K for the fiscal year ended Dec 31, 2024
Filed Feb 12, 2025 · Read the filing on EDGAR
- Sales fell 44% to $5.4 billion and Albemarle swung to a $1.18 billion net loss as lithium prices collapsed, despite higher sales volumes.
- It stopped building Kemerton Trains 3 and 4, idled Train 2, and recorded about $1.1 billion of restructuring charges and asset write-offs.
- It raised $2.2 billion in preferred stock and amended its loan covenants again in October 2024 to avoid a potential breach.
- Capital spending is planned to fall to $700–$800 million in 2025, with $300–$400 million of targeted annual cost and productivity improvements.
Business momentum
Sharp deterioration
“Net sales $ 5,377,526 $ 9,617,203 $ (4,239,677) (44) %”
Outlook
Cautious
“We expect Energy Storage net sales and profitability to decrease year-over-year in 2025 as lithium market prices are at lower levels compared to 2024.”
Financial stress
Moderate
“The October 2024 amendment was entered into to modify the financial covenants under the 2022 Credit Agreement to avoid a potential covenant violation over the following 18 months given the current market pricing of lithium.”
Tone against the previous report
More negative
Red flags
- Medium
Large write-down
“the write-off of the assets with no future economic value resulted in charges of $1.0 billion in 2024”
- Medium
Other
“The October 2024 amendment was entered into to modify the financial covenants under the 2022 Credit Agreement to avoid a potential covenant violation”
- Minor
Other
“During 2024, the Company’s ratings were downgraded by two of the three main credit ratings agencies, resulting in the increase of the applicable margin for borrowings under the 2022 Credit Agreement to 1.20%.”
Positives
Lithium sales volumes grew strongly
“grew Energy Storage volumes by 19% year-over-year”
Large cost savings targeted
“We expect the comprehensive review of our cost and operating structure to drive additional cost and productivity improvements of $300 million to $400 million per year.”
New equity capital strengthened liquidity
“In March 2024, the Company raised net cash proceeds of $2.2 billion from the issuance of depositary shares”
Concerns
Lithium prices remain deeply depressed
“Lithium prices significantly decreased by approximately 85% to 95% from their high in January 2023 and remained at that lower level throughout 2024, which adversely impacted our financial results.”
Cash from operations keeps shrinking
“Cash provided by operating activities was $702.1 million, $1.3 billion and $1.9 billion during the years ended December 31, 2024, 2023 and 2022, respectively.”
Loan covenants could still be breached if lithium weakens further
“a significant downturn in lithium market prices or demand could impact the Company’s ability to maintain compliance with its amended financial covenants”
New risks since the previous report
New US administration could roll back electric vehicle support
“the new U.S. presidential administration has indicated that it may halt government infrastructure spending to establish charging points for EV users, eliminate certain tax cuts available in connection with EV purchases”
Thin goodwill cushion in the refining catalysts unit could lead to a write-down
“if the adjusted EBITDA or discount rate estimates for the Refining Solutions reporting unit negatively changed by 10% (absent any other changes), the Refining Solutions fair value would be below its carrying value”
More mines or plants could be idled or construction halted
“the Company may take additional actions in the future to idle production or halt construction activities at its mines or processing facilities due to lack of market demand or for other reasons”
Further credit rating cuts could raise borrowing costs
“Further watches, reviews or downgrades could occur.”
Biggest risks named
- Further falls or prolonged weakness in lithium prices
- Breaching amended loan covenants and needing more relief or capital
- Slower electric vehicle growth, policy rollbacks or lithium-free batteries
- Trade, tariff and political disruption, especially involving China
- Further write-offs, restructuring costs and project execution problems
Artificial intelligence in this business: Not mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | −15 | |
| Outlook | −2 | |
| Tone against the previous report | −2 | |
| Financial stress | −8 | |
| Red flags | −5.7 | |
| New risks | −2 | |
| Score | 25 | |
Written by AI (Claude Opus 5.5) from the report’s text. 16 of 16 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Feb 11, 2026 | Pro | |||
| 10-K | Feb 12, 2025 | 25 | Sharp deterioration | 2 medium1 minor | |
| 10-K | Feb 15, 2024 | 16 | Sharp deterioration | 3 medium | |
| 10-K | Feb 15, 2023 | 73 | Strong improvement | 2 minor | |
| 10-K | Feb 22, 2022 | 35 | Sharp deterioration | 2 medium1 minor | |
| 10-K | Feb 19, 2021 | 44 | Weakening | None | |
| 10-K | Feb 26, 2020 | 48 | Mixed | 1 medium1 minor | |
| 10-K | Feb 27, 2019 | 72 | Strong improvement | 1 minor | |
| 10-K | Feb 28, 2018 | 41 | Sharp deterioration | 2 medium | |
| 10-K | Feb 28, 2017 | 59 | Mixed | 1 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q2 FY2026 (period ended Jun 30, 2026), filed Aug 5, 2026. View filings on SEC EDGAR