Cabot
Makes carbon-based performance materials for tires, batteries, plastics, coatings and industrial products.
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Profile
Supplies reinforcing carbons and engineered elastomer composites to tire and industrial-rubber producers, while selling specialty carbons, compounds, battery materials, fumed metal oxides, aerogel and inkjet products into diversified industrial markets. A global manufacturing network supports both segments, with results tied heavily to tire demand, feedstock costs and major tire customers.
Produces reinforcing carbons and engineered elastomer composites for tires and industrial rubber through Reinforcement Materials. Performance Chemicals supplies specialty carbons, masterbatches and conductive compounds, battery materials, fumed metal oxides, aerogel and inkjet products for plastics, coatings, electronics, construction, energy storage and printing.
Combines controlled particle production, application development and a regional manufacturing network to tailor reinforcement, conductivity, color and other properties. Operations span the Americas, Asia Pacific and Europe, the Middle East and Africa, with most sales outside the United States. A recently acquired Mexican plant expanded reinforcing-carbon capacity and supply flexibility.
Demand depends heavily on tire production and replacement cycles and a concentrated group of major tire customers. Manufacturing relies on petroleum- and coal-derived feedstocks, natural gas and energy; specialty volumes track batteries, electronics, construction and consumer products.
Company facts
Key statistics
Year to date +24.9% · Average volume (30d) 433.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 5, 2026 | UBS | Reiterate | Neutral | $86 | $92 | |
| Aug 5, 2026 | Truist Financial | Target | $98 | $100 | ||
| Jun 25, 2026 | Mizuho Securities | Target | $75 | $90 | ||
| Jun 8, 2026 | Truist Financial | Target | $98 | |||
| May 8, 2026 | UBS | Reiterate | Neutral | $74 | $86 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q3 FY26 | $1.65 | $1.67 | +1.2% | $943.2M | $982.0M | +4.1% | −8.51% |
| May 5, 2026Q2 FY26 | $1.47 | $1.61 | +9.5% | $900.3M | $904.0M | +0.4% | +4.41% |
| Feb 3, 2026Q1 FY26 | $1.40 | $1.53 | +9.3% | $887.0M | $849.0M | −4.3% | +10.44% |
| Nov 3, 2025Q4 FY25 | $1.68 | $1.70 | +1.2% | $930.0M | $899.0M | −3.3% | −7.07% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $936.0M | $923.0M | $899.0M | $849.0M | $904.0M | $982.0M | |
| Gross profit | $241.0M | $244.0M | $220.0M | $211.0M | $217.0M | $184.0M | |
| Operating income | $162.0M | $167.0M | $137.0M | $129.0M | $137.0M | $98.0M | |
| Net income | $94.0M | $101.0M | $43.0M | $73.0M | $68.0M | $6.0M | |
| Diluted EPS | $1.69 | $1.86 | $0.79 | $1.38 | $1.30 | $0.12 | |
| Gross margin | 25.7% | 26.4% | 24.5% | 24.9% | 24.0% | 18.7% | |
| Operating margin | 17.3% | 18.1% | 15.2% | 15.2% | 15.2% | 10.0% |
Fiscal years (4-quarter sums)FY21 $3.41B · FY22 $4.32B · FY23 $3.93B · FY24 $3.99B · FY25 $3.71B
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $250.0M · Total debt $1.27B · Total assets $3.98B · Shareholders' equity $1.61B
Dividends
Raised for 28 straight years — most recently to $0.4725 from $0.45 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 28, 2026 | Aug 28 | Sep 11 | $0.4725 | |
| May 29, 2026 | May 29 | Jun 12 | $0.4725 | raised from $0.45 |
| Feb 27, 2026 | Feb 27 | Mar 13 | $0.45 | |
| Nov 28, 2025 | Nov 28 | Dec 12 | $0.45 | |
| Aug 29, 2025 | Aug 29 | Sep 11 | $0.45 | |
| May 30, 2025 | May 30 | Jun 13 | $0.45 | raised from $0.43 |
| Feb 28, 2025 | Feb 28 | Mar 14 | $0.43 | |
| Nov 29, 2024 | Nov 29 | Dec 13 | $0.43 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 51.62M · Float 50.97M · 98.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.97M | 13.51% | 13F | Aug 7, 2026 |
| Earnest Partners LLC | 3.35M | 6.48% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 3.08M | 5.96% | 13F | Aug 13, 2026 |
| American Century Companies Inc | 2.77M | 5.36% | 13F | Aug 12, 2026 |
| Stowers Institute for Medical Research | 2.77M | 5.40% | 13G | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Sean D. Keohane | director, officer: President and CEO | −2,779 | $85.50 |
| Aug 7, 2026 | Sean D. Keohane | director, officer: President and CEO | −91,923 | $86.41 |
Peers
- Orion
Direct carbon black rival in rubber and specialty applications
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cabot | $83.65 | −0.12% | $4.32B | 23.3 | 12.5 | 1.2 | +6.4% |
| Orion | $6.35 | 0.00% | $357.5M | — | 18.2 | 0.2 | +7.4% |
| Median | — | 18.2 | 0.2 | +7.4% |