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ALB

Albemarle Corporation

ALB

Albemarle Corporation • NYSE
$129.99 ▲ 2.43% (+3.08)
Market Cap $15.30 B
52w High $130.56
52w Low $49.43
Dividend Yield 1.62%
P/E -81.75
Volume 1.29M
Outstanding Shares 117.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.308B ▼ $334.596M ▲ $-160.694M ▼ -12.287% ▼ $-1.72 ▼ $36.936M ▼
Q2-2025 $1.33B ▲ $149.349M ▲ $22.897M ▼ 1.722% ▼ $-0.16 ▼ $209.699M ▲
Q1-2025 $1.077B ▼ $136.538M ▲ $41.348M ▼ 3.84% ▼ $-0.003 ▼ $191.765M ▼
Q4-2024 $1.232B ▼ $133.811M ▼ $75.293M ▲ 6.113% ▲ $0.29 ▲ $284.536M ▲
Q3-2024 $1.355B $1.005B $-1.069B -78.91% $-9.45 $-967.584M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.932B ▲ $17.148B ▼ $6.879B ▲ $9.996B ▼
Q2-2025 $1.807B ▲ $17.292B ▲ $6.793B ▲ $10.241B ▲
Q1-2025 $1.519B ▲ $16.999B ▲ $6.725B ▲ $10.028B ▲
Q4-2024 $1.192B ▼ $16.61B ▼ $6.41B ▼ $9.962B ▼
Q3-2024 $1.665B $17.455B $6.965B $10.241B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-160.694M ▼ $355.602M ▲ $-152.979M ▼ $-90.531M ▲ $124.929M ▼ $223.438M ▲
Q2-2025 $35.193M ▼ $-7.203M ▼ $362.915M ▲ $-90.634M ▲ $288.318M ▼ $-126.831M ▼
Q1-2025 $49.298M ▼ $545.383M ▲ $-179.303M ▲ $-120.006M ▼ $326.281M ▲ $362.759M ▲
Q4-2024 $85.111M ▲ $674K ▼ $-327.81M ▼ $-92.881M ▲ $-472.289M ▼ $-355.054M ▼
Q3-2024 $-1.061B $236.246M $-307.456M $-109.966M $-165.708M $-59.223M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Energy Storage
Energy Storage
 $620.00M ▲$520.00M ▼$720.00M ▲$710.00M ▼
Ketjen
Ketjen
 $530.00M ▲$230.00M ▼$260.00M ▲$250.00M ▼
Specialties
Specialties
 $330.00M ▲$320.00M ▼$350.00M ▲$340.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Albemarle’s income statement shows a boom‑and‑bust pattern over the past few years. Revenue climbed sharply as lithium prices spiked, then dropped back as the market softened, though sales still sit well above pre‑boom levels. Profitability has swung even more: very strong margins and earnings in 2022–2023 have given way to a recent year with very weak or negative margins and a sizable net loss. This underlines how dependent current earnings are on lithium pricing, mix, and one‑off charges, and how volatile reported profit can be even when underlying demand for electrification remains solid.

Balance Sheet

Balance Sheet The balance sheet has expanded meaningfully as Albemarle has invested in new projects, with total assets and shareholders’ equity rising over time. Debt has also increased versus early years but remains supported by a much larger equity base, suggesting the company is not over‑stretched financially. Cash balances are reasonable but not excessive, reflecting ongoing investment and some cushioning against industry cycles. Overall, Albemarle appears to have a sturdier capital base than a few years ago, but it is also more capital‑intensive and exposed to how well these new assets perform.

Cash Flow

Cash Flow Operating cash flow has been consistently positive and much stronger than it was several years ago, indicating the core businesses can generate solid cash in normal conditions. However, Albemarle has been spending heavily on new capacity and technology, so free cash flow has been negative in most years, with only a brief period of surplus during peak lithium pricing. This shows a company in an investment phase: cash coming in from operations is largely being plowed back into growth, which can support future scale but leaves less cash available in the near term and increases reliance on the balance sheet and credit lines during downturns.

Competitive Edge

Competitive Edge Albemarle holds a leading position in lithium, complemented by strong bromine specialties and catalyst businesses. Its access to low‑cost, large‑scale lithium resources in both brine and hard‑rock form, combined with conversion plants and long‑term contracts, gives it meaningful cost and reliability advantages. Vertical integration from mine to high‑purity chemicals, plus long relationships with major battery and auto makers, form a real competitive moat. At the same time, the company faces intense competition from other global lithium producers, rapid capacity additions (especially in Asia), and policy and permitting risks in key geographies, so its edge must be actively defended rather than taken for granted.

Innovation and R&D

Innovation and R&D Innovation is a clear focus. Albemarle is pushing hard on direct lithium extraction to improve recovery and reduce environmental impact, and it is using automation and AI to make plants more efficient and safer. The company is also investing in next‑generation battery materials, recycling technologies, and expanded R&D infrastructure, including a large new technology center. Partnerships with specialist firms and modernization of bromine facilities further strengthen its technical base. These initiatives could reinforce its leadership and open new revenue streams, but they carry typical R&D risks: long timelines, uncertain commercial outcomes, and the need for disciplined capital allocation.

Summary

Albemarle today looks like a scale leader in a structurally important industry that is going through a cyclical reset. The company rode a powerful upswing in lithium prices to very strong profits, but more recent results show how quickly earnings can compress when the market turns. Its balance sheet and cash generation capacity provide a foundation to navigate downturns, while heavy investment and deep technical capabilities aim to secure long‑term growth in batteries, bromine applications, and catalysts. The key trade‑offs are clear: strong strategic positioning and technological ambition on one side, and high earnings volatility, capital intensity, and exposure to commodity and regulatory cycles on the other.

NEWS

November 5, 2025 · 4:15 PM UTC

Albemarle Reports Third Quarter 2025 Results

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October 27, 2025 · 4:15 PM UTC

Albemarle Announces Quarterly Common Stock Dividend

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October 27, 2025 · 7:26 AM UTC

KPS CAPITAL PARTNERS TO ACQUIRE CONTROLLING STAKE IN KETJEN FROM ALBEMARLE

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October 27, 2025 · 7:17 AM UTC

Albemarle Announces Sale of a Controlling Stake in Ketjen to KPS Capital Partners

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October 23, 2025 · 6:45 AM UTC

Ketjen, Axens Reach New Eurecat Relationship and Collaboration Agreements

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