Huntsman

HUN Q4 2025 Earnings

Reported Feb 17, 2026 at 4:30 PM ET · SEC Source

Q4 25 EPS

$-0.37

MISS 17.57%

Est. $-0.31

Q4 25 Revenue

$1.36B

BEAT +0.89%

Est. $1.34B

vs S&P Since Q4 25

-11.8%

TRAILING MARKET

HUN -5.0% vs S&P +6.8%

Full Year 2025 Results

FY 25 EPS

$-0.70

FY 25 Revenue

$5.68B

Market Reaction

Did HUN Beat Earnings? Q4 2025 Results

Huntsman Corporation delivered a disappointing fourth quarter of 2025, missing bottom-line expectations while eking out a slim revenue beat against a backdrop of worsening profitability. The chemical maker posted a loss of $0.37 per share, falling sh… Read more Huntsman Corporation delivered a disappointing fourth quarter of 2025, missing bottom-line expectations while eking out a slim revenue beat against a backdrop of worsening profitability. The chemical maker posted a loss of $0.37 per share, falling short of the consensus estimate of $0.31 by 17.57%, even as revenue of $1.35 billion edged 0.89% above expectations, though that top-line figure still represented a 6.7% decline from a year earlier. The primary culprit was severe margin compression in Polyurethanes, the company's largest segment, where deteriorating MDI supply-demand dynamics pushed adjusted EBITDA for the quarter down to just $35 million from $71 million in the prior year period. The weakness drew broader scrutiny, with a major ratings agency downgrading Huntsman's credit and flagging expectations of continued poor performance through 2027. Looking ahead, management offered little near-term comfort, acknowledging that meaningful market recovery may not arrive soon while pledging to prioritize cash discipline and balance sheet preservation as the company navigates a prolonged downturn.

Key Takeaways

  • Lower MDI average selling prices due to less favorable supply and demand dynamics
  • Competitive pressures on average selling prices in Performance Products
  • Soft demand in infrastructure coatings and general industry segments within Advanced Materials
  • Higher sales volumes in Americas and Asia regions for Polyurethanes
  • Positive impact of foreign currency exchange rate movements on Advanced Materials selling prices
  • Lower fixed costs partially offset revenue declines in Performance Products
  • Significant restructuring activity with $148 million in full-year restructuring, impairment and plant closing costs
24/7 Wall St

HUN YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

HUN Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“During 2025, there was an exceptional amount of work accomplished by the Company in restructuring our business and generating cash despite the depressed level of earnings. We generated close to $300 million of cash flow from operations in 2025 and our 45% full year free cash flow conversion reflects timely, definitive decisions as we recognized the challenging market landscape early in the year. We remain confident that the economic cycle for chemicals will eventually improve in our core markets, though we recognize that meaningful changes may not occur in the immediate term. We are committed to maintaining a disciplined approach, prioritizing cash management, the balance sheet and controlling our fixed costs to ensure the Company is well-positioned when our markets improve.”

— Peter R. Huntsman, Q4 2025 Earnings Press Release