CBT on NYSE

Cabot Corporation

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

American specialty chemicals company

Cabot Corporation is an American specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company operates in over 20 countries with 36 manufacturing plants, eight research and development facilities, and 28 sales offices.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 16, 2026.

Overview

$3.7BRevenue, fiscal 20255
$331.0MNet income, fiscal 20255
1882Founded1

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  • TickerCBT on NYSE1
  • IndustryMiscellaneous Chemical Products1
  • HeadquartersBoston1
  • Websitewww.cabot-corp.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business addressTwo Seaport Lane Suite 1400, Boston, Ma 022106
  • Filer categoryLarge accelerated filer6

Cabot Corporation is an American specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company operates in over 20 countries with 36 manufacturing plants, eight research and development facilities, and 28 sales offices.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

25.3%Gross margin5
16.7%Operating margin5
8.9%Net margin5
-7.0%Revenue growth, 20255
21.4%Return on equity5
0.55×Debt to equity5
$391.0MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Reinforcement Materials brought in 65% of the revenue Cabot Corporation broke down this way in fiscal 2025.

  1. Reinforcement Materials$2.3B565%down 10% from 2024
  2. Performance Chemicals$1.2B535%up 0% from 2024
Business segments by year
Business segments202320242025
Reinforcement Materials$2.6B$2.6B$2.3B
Performance Chemicals$1.2B$1.2B$1.2B

Regions

Other Foreign Countries brought in 29% of the revenue Cabot Corporation broke down this way in fiscal 2025.

  1. Other Foreign Countries$2.1B529%down 7% from 2024
  2. Asia Pacific$1.4B519%down 8% from 2024
  3. Americas$1.3B518%down 8% from 2024
  4. China$931.0M513%down 5% from 2024
  5. EMEA$873.0M512%down 4% from 2024
  6. United States$670.0M59%down 9% from 2024
Regions by year
Regions202320242025
Other Foreign Countries$2.2B$2.3B$2.1B
Asia Pacific$1.5B$1.5B$1.4B
Americas$1.4B$1.4B$1.3B
China$972.0M$983.0M$931.0M
EMEA$877.0M$905.0M$873.0M
United States$738.0M$733.0M$670.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue75¢$2.8B
  • Research and development2¢$59.0M
  • Selling, general and admin7¢$260.0M
  • Interest2¢$76.0M
  • Income tax5¢$196.0M
  • Profit9¢$331.0M

Out of $3.7B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending41¢$274.0M
  • Dividends paid14¢$96.0M
  • Share buybacks25¢$168.0M
  • Kept or used elsewhere19¢$127.0M

Out of $665.0M of cash from operations.5

Financial statements

Revenue891011125$3.7B in 2025+15% since 2018
0$2.0B$4.0B$6.0B2018: $3.2B$3.2B20182019: $3.3B$3.3B2019+3%2020: $2.6B$2.6B2020−22%2021: $3.4B$3.4B2021+30%2022: $4.3B$4.3B2022+27%2023: $3.9B$3.9B2023−9%2024: $4.0B$4.0B2024+2%2025: $3.7B$3.7B2025−7%
Gross profit891011125$940.0M in 2025+22% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $772.0M$772.0M20182019: $685.0M$685.0M2019−11%2020: $500.0M$500.0M2020−27%2021: $799.0M$799.0M2021+60%2022: $885.0M$885.0M2022+11%2023: $839.0M$839.0M2023−5%2024: $960.0M$960.0M2024+14%2025: $940.0M$940.0M2025−2%
Operating income891011125$621.0M in 2025+331% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $144.0M$144.0M20182019: $306.0M$306.0M2019+112%2020: $21.0M$21.0M2020−93%2021: $454.0M$454.0M2021+2062%2022: $389.0M$389.0M2022−14%2023: $526.0M$526.0M2023+35%2024: $614.0M$614.0M2024+17%2025: $621.0M$621.0M2025+1%
Net income891011125$331.0M in 2025
-$400.0M-$200.0M0$200.0M$400.0M$600.0M2018: -$113.0M-$113.0M20182019: $157.0M$157.0M20192020: -$238.0M-$238.0M20202021: $250.0M$250.0M20212022: $209.0M$209.0M2022−16%2023: $445.0M$445.0M2023+113%2024: $380.0M$380.0M2024−15%2025: $331.0M$331.0M2025−13%

Every line of the income statement in the latest annual report, as filed.5

Period ending2025-09-302024-09-302023-09-30
Net sales and other operating revenues$3.7B$4.0B$3.9B
Cost of sales$2.8B$3.0B$3.1B
Gross profit$940.0M$960.0M$839.0M
Selling and administrative expenses$260.0M$283.0M$253.0M
Research and technical expenses$59.0M$63.0M$57.0M
Loss on sale of business$3.0M
Income (loss) from operations$621.0M$614.0M$526.0M
Interest and dividend income$27.0M$32.0M$31.0M
Interest expense-$76.0M-$81.0M-$90.0M
Other income (expense)-$7.0M-$36.0M-$16.0M
Income (loss) from operations before income taxes and equity in earnings of affiliated companies$565.0M$529.0M$451.0M
(Provision) benefit for income taxes-$196.0M-$111.0M$28.0M
Equity in earnings of affiliated companies, net of tax$7.0M$6.0M$5.0M
Net income (loss)$376.0M$424.0M$484.0M
Net income (loss) attributable to noncontrolling interests, net of tax of $12, $11 and $9$45.0M$44.0M$39.0M
Net income (loss) attributable to Cabot Corporation$331.0M$380.0M$445.0M
Basic53.7M shares55.1M shares56.1M shares
Diluted54.2M shares55.7M shares56.5M shares
Basic$6.07$6.79$7.79
Diluted$6.02$6.72$7.73
Net income attributable to noncontrolling interests, tax amount$12.0M$11.0M$9.0M

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The story

Founded by Godfrey Lowell Cabot in 1882.1

History

Cabot Corporation was founded by Godfrey Lowell Cabot in 1882 when he applied for a patent for a "carbon black making apparatus". The company incorporated in the state of Delaware in 1960.In 1993, a team of Cabot researchers developed a process for modifying the surface of carbon, allowing chemists and researchers to prepare surface modified carbon black products with properties never before associated with carbon materials. This breakthrough led to the development of new technologies and products including aqueous inkjet colorants, for printer ink the basis of Cabot's Inkjet Colorants business unit, which was founded in 1996.

In 2003, Cabot developed a commercialized process that allows continuous production of aerogels under ambient conditions, which was the start of the company’s Aerogel business. In 2009, Cabot completed construction of and began operating two additional rubber black production plants at its carbon black plant in Tianjin, China, increasing capacity to 150,000 metric tons. In July 2012, Cabot purchased Norit NV, the largest producer of activated carbon, for US$1.1 billion.

Cabot sold its Supermetals business, which produced tantalum, niobium, and related alloys, in 2011 to Australia-based Global Advanced Metals for $400 million.

Cabot Foundation

In 1953, the non-profit Cabot Corporation Foundation, Inc. was established, and the Foundation's charter was amended in 1992 to permit grants to qualified charitable organizations outside of the United States. Cabot has offered aid to earthquake victims in Japan, and the Outward Bound organization.

From Wikipedia’s article on Cabot Corporation, shared under CC BY-SA 4.0.7

Leadership

Who has led Cabot Corporation, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (46)

Products and brands

  • activated carbon

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

  • Cabot Czech Holding Company

From Wikidata.1

Former names

  • CABOT CORPJul 22, 1994 to Oct 7, 20266

Timeline

  1. Mar 15, 2016New chief executive Sean D. Keohane becomes CEO16
  2. Jan 10, 2008New chief executive Patrick M. Prevost becomes CEO17
  3. Jul 23, 2003New chief executive Kenneth F. Burnes becomes CEO18
  4. 1882Founded Founded1

Recent filings

  1. Oct 7, 20263
  2. Oct 1, 20264
  3. Oct 1, 20264
  4. Oct 1, 20264
  5. Oct 1, 20264
  6. Oct 1, 20264
  7. Sep 15, 20268-K
  8. Sep 14, 20264
  9. Sep 14, 20264
  10. Sep 14, 20264
  11. Sep 14, 20264
  12. Sep 14, 20264
  13. Sep 14, 20264
  14. Sep 14, 20264
  15. Aug 31, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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