Logo

TSE

Trinseo PLC

TSE

Trinseo PLC • NYSE
$0.96 ▼ -2.61% (-0.03)
Market Cap $34.70 M
52w High $6.85
52w Low $0.73
Dividend Yield 0.03%
P/E -0.08
Volume 180.86K
Outstanding Shares 35.99M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $743.2M ▼ $65.6M ▼ $-109.7M ▼ -14.76% ▼ $-3.05 ▼ $25.6M ▼
Q2-2025 $784.3M ▼ $69.9M ▼ $-105.5M ▼ -13.451% ▼ $-2.96 ▼ $26.3M ▼
Q1-2025 $784.8M ▼ $92.8M ▼ $-79M ▲ -10.066% ▲ $-2.22 ▲ $30.2M ▲
Q4-2024 $821.5M ▼ $100.2M ▲ $-117.9M ▼ -14.352% ▼ $-3.33 ▼ $21.3M ▼
Q3-2024 $867.7M $93M $-87.3M -10.061% $-2.47 $36.7M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $112.1M ▼ $2.492B ▼ $3.353B ▼ $-861.6M ▼
Q2-2025 $137M ▲ $2.632B ▼ $3.382B ▲ $-750.3M ▼
Q1-2025 $126.1M ▼ $2.655B ▲ $3.334B ▲ $-679.2M ▼
Q4-2024 $209.8M ▲ $2.644B ▼ $3.264B ▼ $-619.9M ▼
Q3-2024 $165.3M $2.883B $3.363B $-480M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-109.7M ▼ $-21.6M ▼ $-16.5M ▼ $13.8M ▲ $-24.9M ▼ $-38.1M ▼
Q2-2025 $-105.5M ▼ $6.8M ▲ $-9.8M ▼ $9.4M ▼ $10.9M ▲ $-3M ▲
Q1-2025 $-79M ▲ $-110.2M ▼ $-8.7M ▲ $32.8M ▲ $-83.6M ▼ $-118.9M ▼
Q4-2024 $-117.9M ▼ $85.1M ▲ $-21.2M ▼ $-14.3M ▼ $44.5M ▼ $63.9M ▲
Q3-2024 $-87.3M $8.8M $-12.2M $60.5M $59.7M $-3.4M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Engineered Materials
Engineered Materials
 $970.00M ▲$280.00M ▼$290.00M ▲$270.00M ▼
Latex Binders
Latex Binders
 $710.00M ▲$210.00M ▼$200.00M ▼$200.00M ▲
Polymer Solutions
Polymer Solutions
 $0 ▲$300.00M ▲$290.00M ▼$270.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Income statement Trinseo’s sales have been stuck in a holding pattern: they rose sharply coming out of the pandemic, but have drifted down since and are now only modestly above where they were earlier in the decade. The bigger issue is profitability, not revenue. Margins have compressed significantly. A few years ago the business was clearly profitable; over the last three years it has swung to meaningful losses at the operating and net income level. This reflects weaker demand, higher costs, and restructuring charges in a cyclical and competitive chemicals market. More recently, losses appear to be narrowing and cash-style earnings (EBITDA) have improved from the worst point, suggesting early signs of stabilization. But the income statement still tells a turnaround story: volatile earnings, pressure on margins, and no clear return yet to steady profitability.

Balance Sheet

Balance Sheet Balance sheet The balance sheet shows a company that has taken on substantial debt while its asset base has been shrinking. Debt roughly doubled earlier in the decade and has stayed high, while total assets have come down as Trinseo exits some operations and restructures. Equity has eroded over time, moving from solidly positive to negative. Negative equity typically signals cumulative losses and write‑downs have more than offset past capital invested. This makes the capital structure more fragile and heightens sensitivity to further setbacks. Cash on hand is modest relative to debt, so financial flexibility is limited. Overall, the balance sheet looks stretched and reinforces that the company has very little room for prolonged weak performance without further action on costs, asset sales, or capital structure.

Cash Flow

Cash Flow Cash flow A few years ago, Trinseo generated healthy cash from its operations and had comfortably positive free cash flow after investments. Since then, operating cash flow has deteriorated sharply and has recently hovered around breakeven, even dipping slightly negative. Free cash flow has turned inconsistent, flipping between small inflows and outflows. The company has kept capital spending relatively contained, which helps, but weaker profits and working capital swings have overwhelmed that discipline. In practical terms, the business is no longer self-funding in a reliable way. It depends more on financing and restructuring to bridge the gap, which is manageable for a time but not sustainable indefinitely. A clear improvement in cash generation is a key piece of the turnaround puzzle.

Competitive Edge

Competitive Edge Competitive position Trinseo operates in specialty chemicals, where differentiation matters but end markets are still cyclical and price-sensitive. Historically it had a mix of more commoditized plastics and higher‑value engineered materials, with shared feedstocks and customer overlap providing some efficiency. Its strategic pivot is to lean harder into sustainable and circular solutions—advanced recycling, bio‑based feedstocks, and tailored materials for industries like automotive, construction, and packaging. This direction aligns well with tightening regulations and customer sustainability goals and can support better pricing and stickier relationships. However, Trinseo competes with much larger global chemicals players that have deeper pockets, broader portfolios, and stronger balance sheets. The company’s financial strain, plant closures, and restructuring may slow its ability to fully exploit its sustainability edge and could make it harder to invest through downturns. The competitive position is strategically attractive but operationally constrained.

Innovation and R&D

Innovation and R&D Innovation & R&D Innovation is a relative bright spot. Trinseo is heavily focused on circular-economy technologies, such as breaking down plastics back into their building blocks (depolymerization), dissolving complex plastics for high‑quality recycling, and using bio‑based and renewable inputs. Pilot and demonstration plants in areas like recycled acrylics and ABS, plus partnerships for biodegradable coatings and chemically recycled resins, show that this is more than just marketing. The company has also set explicit targets to make a large share of its portfolio “sustainably advantaged,” and reports that most of its R&D is already directed to these themes. The risk is execution and scale: moving from promising pilots and niche products to large, profitable commercial volumes is difficult, especially while under financial pressure and closing legacy plants. If Trinseo can scale these technologies and secure stable waste‑feedstock and customer contracts, its innovation agenda could become a meaningful moat; if not, the spend may weigh on results without fully paying off.

Summary

Summary Trinseo is in the midst of a challenging financial turnaround, set against an ambitious strategic shift toward sustainable and circular materials. The income statement shows a move from solid profitability to sizable losses, with only early signs that the worst may be past. The balance sheet is heavily leveraged and now carries negative equity, leaving limited margin for error. Cash flows have weakened materially, and the business is no longer consistently generating surplus cash after investments. That elevates refinancing, restructuring, and asset optimization to critical priorities. On the strategic side, Trinseo’s push into advanced recycling, bio‑based products, and collaborative customer solutions gives it a differentiated position in a sector that is under growing environmental and regulatory scrutiny. This could support better long‑term economics if scaled successfully. Overall, Trinseo today looks like a higher‑risk, higher‑uncertainty chemicals company with a compelling sustainability narrative but strained finances. How effectively it can restore stable profits, strengthen the balance sheet, and commercialize its innovation pipeline will largely determine its future trajectory in the specialty chemicals space.

NEWS

November 6, 2025 · 4:05 PM UTC

Trinseo Reports Third Quarter 2025 Financial Results and Provides 2025 Outlook

Read more

October 30, 2025 · 7:50 PM UTC

Rosen Law Firm Encourages Trinseo PLC Investors to Inquire About Securities Class Action Investigation – TSE

Read more

October 29, 2025 · 12:20 PM UTC

TSE Investors Have Opportunity to Join Trinseo PLC Fraud Investigation with the Schall Law Firm

Read more

October 28, 2025 · 10:00 AM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Trinseo PLC - TSE

Read more

October 24, 2025 · 4:30 PM UTC

Trinseo Announces Release Date and Conference Call for its Third Quarter 2025 Financial Results

Read more