Chemours

CC Q4 2025 Earnings

Reported Feb 19, 2026 at 4:40 PM ET · SEC Source

Q4 25 EPS

$0.05

BEAT +192.40%

Est. $0.02

Q4 25 Revenue

$1.33B

BEAT +0.05%

Est. $1.33B

vs S&P Since Q4 25

+9.8%

BEATING MARKET

CC +16.1% vs S&P +6.4%

Full Year 2025 Results

FY 25 EPS

$0.95

FY 25 Revenue

$5.81B

Market Reaction

Did CC Beat Earnings? Q4 2025 Results

Chemours delivered a mixed fourth quarter, posting earnings per share of just $0.05 on revenue of $1.33 billion as a sharp deterioration in two of its three core segments overshadowed a standout performance in thermal solutions. The headline story wa… Read more Chemours delivered a mixed fourth quarter, posting earnings per share of just $0.05 on revenue of $1.33 billion as a sharp deterioration in two of its three core segments overshadowed a standout performance in thermal solutions. The headline story was the collapse in Titanium Technologies, where Q4 net sales fell 11% to $561 million and Adjusted EBITDA plunged 67% to $23 million on pricing and volume pressure concentrated in non-western markets, compounding a $47 million GAAP net loss for the quarter versus a $11 million loss a year ago. Against that backdrop, Thermal and Specialized Solutions was a bright spot, with record Q4 net sales of $444 million rising 14% year-over-year, powered by U.S. AIM Act-driven demand for Opteon refrigerants. Looking ahead, Chemours guided full-year 2026 Adjusted EBITDA of $800 million to $900 million on 3-5% net sales growth, though Q1 faces an additional headwind from an APM facility outage expected to cost $20 million to $25 million in earnings. Analysts have responded with cautious optimism, with at least one firm recently raising its price target to $21.

Key Takeaways

  • Strong Opteon Refrigerant adoption driven by U.S. AIM Act stationary AC transition with 37% Q4 YoY growth
  • TSS record Q4 and full-year sales driven by Opteon Refrigerant blends mix and pricing
  • TiO2 pricing weakness concentrated in non-western markets with global demand remaining challenged
  • APM prioritized cash generation leading to non-cash inventory charge of approximately $17 million and $10 million unfavorable product mix
  • Lower cost absorption tied to reduced production levels across APM and TT
  • Higher R32 input costs impacting TSS margins
24/7 Wall St

CC YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

CC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“Our consolidated fourth quarter results delivered robust cash flow and achieved revenue performance that met our expectations, highlighted by the continued transition to Opteon™ Refrigerants – concluding a record setting year for TSS. However, as a result of short-term cyclical end market headwinds experienced in our APM business, we elected to prioritize cash flow, leading to strong cash generation in the quarter. In connection with this approach APM incurred a sizable non-cash inventory charge and unfavorable product mix driving our consolidated Adjusted EBITDA slightly below our expected range.”

— Denise Dignam, Q4 2025 Earnings Press Release