Basic Materials · Chemicals - Specialty
Price
$55.71
Market Cap
$1.3B
Employees
2,328
Beta
0.96
Avg Volume
171,359
CEO
Luis E. Rojo
Business Description
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products in the United States, France, Poland, the United Kingdom, Brazil, Mexico, and internationally. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used in consumer and industrial cleaning and disinfection products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, disinfectants, lubricating ingredients; emulsifiers for spreading agricultural products; and industrial applications comprising latex systems, plastics, and composites. The Polymers segment provides polyurethane polyols that are used in the manufacture of rigid foam for thermal insulation in the construction industry, as well as a base raw material for coatings, adhesives, sealants, and elastomers (CASE); polyester resins used in coating applications; specialty polyols, such as CASE and powdered polyester resins; and phthalic anhydride that is used in unsaturated polyester resins, alkyd resins, and plasticizers for applications in construction materials, as well as components of automotive, boating, and other consumer products. The Specialty Products segment offers flavors, emulsifiers, and solubilizers for use in food, flavoring, nutritional supplement, and pharmaceutical applications. Stepan Company was founded in 1932 and is headquartered in Northbrook, Illinois.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
27.18
Stock Price: $55.71
EPS (Diluted): 2.05
EPS (Diluted): 2.05
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.87
Stock Price: $55.71
Total Equity: $1.24B
Shares: 22,890,000
Total Equity: $1.24B
Shares: 22,890,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
7.74
Market Cap: $1.27B
Total Debt: $641.70M
Cash: $132.69M
EBITDA: $212.17M
Total Debt: $641.70M
Cash: $132.69M
EBITDA: $212.17M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.6B
Market Cap: $1.27B
Total Debt: $641.70M
Cash: $132.69M
Total Debt: $641.70M
Cash: $132.69M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
11.6%
Gross Profit: $269.89M
Revenue: $2.33B
Revenue: $2.33B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
3.0%
Operating Income: $69.38M
Revenue: $2.33B
Revenue: $2.33B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
2.0%
Net Income: $46.90M
Revenue: $2.33B
Revenue: $2.33B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
3.8%
Net Income: $46.90M
Total Equity: $1.24B
Total Equity: $1.24B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
3.1%
Operating Income: $69.38M
Tax Rate: 21.7%
Equity: $1.24B
Total Debt: $641.70M
Cash: $132.69M
Tax Rate: 21.7%
Equity: $1.24B
Total Debt: $641.70M
Cash: $132.69M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.29
Current Assets: $858.96M
Current Liabilities: $666.49M
Current Liabilities: $666.49M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.52
Short-Term Debt: $300.73M
Long-Term Debt: $340.98M
Total Debt: $641.70M
Total Equity: $1.24B
Long-Term Debt: $340.98M
Total Debt: $641.70M
Total Equity: $1.24B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$101.88
Revenue: $2.33B
Shares: 22,890,000
Shares: 22,890,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$54.35
Total Equity: $1.24B
Shares: 22,890,000
Shares: 22,890,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.11
Operating CF: $147.88M
CapEx: -$122.51M
Shares: 22,890,000
CapEx: -$122.51M
Shares: 22,890,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.2%
Last Dividend: N/A
Stock Price: $55.71
Stock Price: $55.71
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $46.90M
Net Income: $46.90M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares SCL against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:05pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.8B | $2.3B | $2.2B | $2.3B |
| Cost of Revenue | $2.0B | $2.3B | $2.0B | $1.9B | $2.1B |
| Gross Profit | $395.8M | $427.1M | $277.6M | $272.2M | $269.9M |
| Operating Expenses | $225.0M | $219.7M | $219.0M | $201.7M | $200.5M |
| Operating Income | $170.8M | $207.3M | $58.6M | $70.5M | $69.4M |
| Net Income | $137.8M | $147.2M | $40.2M | $50.4M | $46.9M |
| EBITDA | $270.4M | $294.2M | $169.7M | $192.1M | $212.2M |
| EPS | $6.01 | $6.46 | $1.77 | $2.21 | $2.05 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:05pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $159.2M | $173.8M | $129.8M | $99.7M | $132.7M |
| Total Current Assets | $913.4M | $1.0B | $851.9M | $810.4M | $859.0M |
| Total Assets | $2.1B | $2.4B | $2.4B | $2.3B | $2.4B |
| Current Liabilities | $500.5M | $670.6M | $607.9M | $669.0M | $666.5M |
| Long-Term Debt | $322.9M | $455.0M | $401.2M | $332.6M | $341.0M |
| Total Liabilities | $991.4M | $1.3B | $1.1B | $1.1B | $1.1B |
| Total Equity | $1.1B | $1.2B | $1.2B | $1.2B | $1.2B |
| Retained Earnings | $1.1B | $1.3B | $1.3B | $1.3B | $1.3B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:05pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $72.1M | $160.8M | $174.9M | $162.1M | $147.9M |
| Capital Expenditure | -$194.5M | -$301.6M | -$260.3M | -$122.8M | -$122.5M |
| Free Cash Flow | -$122.3M | -$140.8M | -$85.5M | $39.3M | $25.4M |
| Acquisitions (net) | -$184.5M | -$9.7M | $0 | $0 | $26.6M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$17.0M | -$24.9M | $0 | $0 | $0 |
| Net Change in Cash | -$190.8M | $14.6M | -$43.9M | -$30.2M | $33.0M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 12:02am (8h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$2.3B $2.3B – $2.4B
|
$2.5B $2.5B – $2.5B
|
$2.7B $2.6B – $2.7B
|
$2.7B $2.7B – $2.8B
|
| EBITDA |
$222.4M $220.9M – $223.9M
|
$237.9M $236.2M – $239.5M
|
$252.5M $250.7M – $254.2M
|
$259.2M $257.4M – $261.0M
|
| Net Income |
$51.4M $50.9M – $51.8M
|
$58.0M $57.5M – $58.5M
|
$89.6M $88.8M – $90.4M
|
$0 |
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:05pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +18.2% | -16.1% | -6.3% | +7.0% |
| Gross Profit Growth | +7.9% | -35.0% | -1.9% | -0.9% |
| Operating Income Growth | +21.4% | -71.7% | +20.2% | -1.6% |
| Net Income Growth | +6.8% | -72.7% | +25.3% | -6.9% |
| EBITDA Growth | +8.8% | -42.3% | +13.2% | +10.4% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:05pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-01 | $0.40 | 2026-04-28 | 2026-06-01 | 2026-06-15 |
| 2026-03-02 | $0.40 | 2026-02-23 | 2026-03-02 | 2026-03-13 |
| 2025-11-28 | $0.40 | 2025-10-29 | 2025-11-28 | 2025-12-15 |
| 2025-08-29 | $0.39 | 2025-07-30 | 2025-08-29 | 2025-09-15 |
| 2025-05-30 | $0.39 | 2025-04-29 | 2025-05-30 | 2025-06-13 |
| 2025-03-03 | $0.39 | 2025-02-19 | 2025-03-03 | 2025-03-14 |
| 2024-11-29 | $0.39 | 2024-10-30 | 2024-11-29 | 2024-12-13 |
| 2024-08-30 | $0.38 | 2024-07-31 | 2024-08-30 | 2024-09-13 |
| 2024-05-31 | $0.38 | 2024-04-30 | 2024-05-31 | 2024-06-14 |
| 2024-02-29 | $0.38 | 2024-02-20 | 2024-03-01 | 2024-03-15 |
| 2023-11-29 | $0.38 | 2023-10-17 | 2023-11-30 | 2023-12-15 |
| 2023-08-30 | $0.37 | 2023-07-25 | 2023-08-31 | 2023-09-15 |
| 2023-05-30 | $0.37 | 2023-04-25 | 2023-05-31 | 2023-06-15 |
| 2023-03-02 | $0.37 | 2023-02-15 | 2023-03-03 | 2023-03-15 |
| 2022-11-29 | $0.37 | 2022-10-19 | 2022-11-30 | 2022-12-15 |
| 2022-08-30 | $0.34 | 2022-07-26 | 2022-08-31 | 2022-09-15 |
| 2022-05-27 | $0.34 | 2022-04-25 | 2022-05-31 | 2022-06-15 |
| 2022-03-03 | $0.34 | 2022-02-16 | 2022-03-04 | 2022-03-15 |
| 2021-11-29 | $0.34 | 2021-10-19 | 2021-11-30 | 2021-12-15 |
| 2021-08-30 | $0.31 | 2021-07-28 | 2021-08-31 | 2021-09-15 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
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market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30