20-quarter listed-company comparison

Specialty Chemicals Stocks

Specialty Chemicals: Linde plc owns the largest revenue base; Perimeter Solutions, Inc. has the fastest current growth.

The industry itself · before any single company

How has Specialty Chemicals moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 12% behind S&P 500. Earnings across its companies fell 19% on average over the last four reported quarters.

BASING · +2 joined~Moving with the index15 of 47 companies ahead of S&P 500 by 5% or more over three months

RS — · 33/47 >200d (−3) · 15/47 lead (+2) · EPS 22/46↑

Specialty Chemicals, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Strength anatomy MixedHow much of the industry is participating, how recently, and whether the movers score well.

Together15 of 47 stocks moving

Fresh5 crossed in the last 4 weeks

Backed by scoresmovers score +4 vs the industry average

Down the cap ladder — bar is now, tick is four weeks ago

Large 2/10+1

Mid 7/16+1

Small 6/210

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 47 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Specialty Chemicals outperforming S&P 500?

Specialty Chemicals has outperformed S&P 500 by 11.7% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 3.4%. 12 of 28 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Calumet, Inc. is the strongest against the sector itself at +46.7%.

-3.4%Sector vs S&P 500 · 13 weeks

+11.7%Sector vs S&P 500 · 52 weeks

12/28Stocks leading S&P 500

9/28Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Specialty Chemicals has outperformed S&P 500 by 11.7% over 52 weeks and 3.4% over 13 weeks. 12 of 28 covered companies beat the S&P 500 on Mansfield relative strength, while 9 of 28 beat the sector itself. Linde plc leads with revenue of $34,655 million, based on 24 of 29 comparable companies through Mar 2026.

Is the Specialty Chemicals sector outperforming S&P 500?

Which Specialty Chemicals company is largest by revenue?

Linde plc leads with revenue of $34,655 million, based on 24 of 29 comparable companies through Mar 2026.

Which Specialty Chemicals company is growing fastest?

Perimeter Solutions, Inc. has the fastest current revenue growth at 23.2%, across 24 of 29 comparable companies.

Which Specialty Chemicals company has the strongest 4-Factor Sector Score?

Sensient Technologies Corporation ranks first at 62.3/100 with 58.7% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Specialty Chemicals company reports the most CAPEX?

Linde plc reports the largest latest CAPEX at $1,342 million, with 29 of 29 companies comparable.

Which Specialty Chemicals company has the least gross debt?

WD-40 Company has the lowest comparable gross debt at $111 million. Linde plc has the highest at $26,317 million.

Which Specialty Chemicals company has the lowest comparable PEG?

Cabot Corporation has the lowest comparable Guarded PEG at 0.18, among 15 of 29 companies that pass the metric’s comparability rules.

How much history does this Specialty Chemicals comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies

complete canonical membership

Combined market value

$694.7B

Linde plc

Revenue growing

13/24

positive TTM year-on-year growth

Beating S&P 500

12/28

positive Mansfield relative strength

Global company selection

00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Sensient Technologies Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 58.7% evidence confidence.

Cabot Corporation looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

Cabot Corporation has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Sensient Technologies Corporation · SXT

62.3/100 · Thin evidence · provisional · 59% evidence

Exact sum: 20.4 + 14.3 + 9.6 + 18 = 62.3

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

20.4/35Growth & earnings

Revenue — · PAT — · OPM change 1.7 pp

45% evidence

14.3/25Capital efficiency

ROCE 3.8% · debt/equity 0.61×

80% evidence

9.6/20Valuation

P/E 33.2× · PEG —

15% evidence

18.0/20Relative strength

RS sector 8.3% · RS bench 12.4% · 1Y 11.5%

100% evidence

2. Sociedad Química y Minera de Chile S.A. · SQM

61.9/100 · Mixed-positive evidence · 82% evidence

Exact sum: 29.7 + 16.3 + 13.7 + 2.2 = 61.9

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -9.1% and the one-year return is 86.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

29.7/35Growth & earnings

Revenue 18.3% · PAT 48.4% · OPM change 17.4 pp

83% evidence

16.3/25Capital efficiency

ROCE 6.3% · debt/equity 0.63×

80% evidence

13.7/20Valuation

P/E 28.4× · PEG 0.81

65% evidence

2.2/20Relative strength

RS sector -9.1% · RS bench -6.5% · 1Y 86.8%

100% evidence

3. WD-40 Company · WDFC

60.5/100 · Thin evidence · provisional · 59% evidence

Exact sum: 21.4 + 18.1 + 10.1 + 10.9 = 60.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

21.4/35Growth & earnings

Revenue — · PAT — · OPM change 0.4 pp

45% evidence

18.1/25Capital efficiency

ROCE 10.8% · debt/equity 0.4×

80% evidence

10.1/20Valuation

P/E 30.4× · PEG —

15% evidence

10.9/20Relative strength

RS sector -4.1% · RS bench -0.5% · 1Y 6.6%

100% evidence

4. PPG Industries, Inc. · PPG

59.0/100 · Mixed-positive evidence · 82% evidence

Exact sum: 18.3 + 12.2 + 15.6 + 12.9 = 59

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.3/35Growth & earnings

Revenue 2.8% · PAT 18.5% · OPM change -0.2 pp

83% evidence

12.2/25Capital efficiency

ROCE 3.3% · debt/equity 0.94×

80% evidence

15.6/20Valuation

P/E 15.2× · PEG 0.3

65% evidence

12.9/20Relative strength

RS sector -2.5% · RS bench 1.1% · 1Y 14%

100% evidence

5. International Flavors & Fragrances Inc. · IFF

56.5/100 · Mixed-positive evidence · 65% evidence

Exact sum: 21 + 9.7 + 10.5 + 15.3 = 56.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.0/35Growth & earnings

Revenue -5.6% · PAT — · OPM change 41.8 pp

62% evidence

9.7/25Capital efficiency

ROCE 1.2% · debt/equity 0.45×

80% evidence

10.5/20Valuation

P/E 22.2× · PEG —

15% evidence

15.3/20Relative strength

RS sector 0.7% · RS bench 4.3% · 1Y 14.1%

100% evidence

6. Air Products and Chemicals, Inc. · APD

56.0/100 · Mixed-positive evidence · 75% evidence

Exact sum: 24.1 + 11 + 13 + 7.9 = 56

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

24.1/35Growth & earnings

Revenue 3.7% · PAT 36% · OPM change 103.5 pp

62% evidence

11.0/25Capital efficiency

ROCE 2.1% · debt/equity 1.01×

80% evidence

13.0/20Valuation

P/E 30.7× · PEG 0.82

65% evidence

7.9/20Relative strength

RS sector -5.4% · RS bench -1.9% · 1Y 3.9%

100% evidence

7. Cabot Corporation · CBT

54.1/100 · Mixed-positive evidence · 82% evidence

Exact sum: 8.3 + 10.7 + 16.4 + 18.7 = 54.1

Decision use: Price leads the evidence: RS versus the benchmark is 11.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

8.3/35Growth & earnings

Revenue -8.5% · PAT -31.2% · OPM change -3 pp

83% evidence

10.7/25Capital efficiency

ROCE 4.5% · debt/equity 10.92×

80% evidence

16.4/20Valuation

P/E 14.2× · PEG 0.18

65% evidence

18.7/20Relative strength

RS sector 7.8% · RS bench 11.6% · 1Y 26.5%

100% evidence

8. Axalta Coating Systems Ltd. · AXTA

53.9/100 · Mixed-positive evidence · 82% evidence

Exact sum: 11.4 + 10.2 + 15.2 + 17.1 = 53.9

Decision use: Price leads the evidence: RS versus the benchmark is 7.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

11.4/35Growth & earnings

Revenue -2.6% · PAT -17.7% · OPM change -2.3 pp

83% evidence

10.2/25Capital efficiency

ROCE 2.4% · debt/equity 1.28×

80% evidence

15.2/20Valuation

P/E 16.2× · PEG 0.33

65% evidence

17.1/20Relative strength

RS sector 3.3% · RS bench 7.3% · 1Y 27.4%

100% evidence

9. Ingevity Corporation · NGVT

53.1/100 · Mixed-positive evidence · 65% evidence

Exact sum: 18.6 + 9.9 + 11.5 + 13.1 = 53.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.6/35Growth & earnings

Revenue -2% · PAT — · OPM change 2 pp

62% evidence

9.9/25Capital efficiency

ROCE 4.5% · debt/equity 31.92×

80% evidence

11.5/20Valuation

P/E 13.9× · PEG —

15% evidence

13.1/20Relative strength

RS sector 4.8% · RS bench 8.1% · 1Y 84.4%

100% evidence

10. Element Solutions Inc · ESI

52.3/100 · Mixed-positive evidence · 82% evidence

Exact sum: 18.1 + 11.3 + 11.1 + 11.8 = 52.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.1/35Growth & earnings

Revenue 13% · PAT -47.7% · OPM change 0.3 pp

83% evidence

11.3/25Capital efficiency

ROCE 2.3% · debt/equity 0.78×

80% evidence

11.1/20Valuation

P/E 55.1× · PEG 0.91

65% evidence

11.8/20Relative strength

RS sector 3.3% · RS bench 6.3% · 1Y 57.5%

100% evidence

11. H.B. Fuller Company · FUL

51.8/100 · Mixed-positive evidence · 86% evidence

Exact sum: 22.3 + 10.7 + 14.8 + 4 = 51.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.3/35Growth & earnings

Revenue -0.6% · PAT 80.6% · OPM change 1.2 pp

95% evidence

10.7/25Capital efficiency

ROCE 2.6% · debt/equity 0.99×

80% evidence

14.8/20Valuation

P/E 19× · PEG 0.5

65% evidence

4.0/20Relative strength

RS sector -14.9% · RS bench -11.6% · 1Y 2.7%

100% evidence

12. Balchem Corporation · BCPC

51.6/100 · Mixed-positive evidence · 82% evidence

Exact sum: 20.3 + 16.8 + 7.5 + 7 = 51.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.3/35Growth & earnings

Revenue 9.6% · PAT 14.6% · OPM change 0.1 pp

83% evidence

16.8/25Capital efficiency

ROCE 3.7% · debt/equity 0.14×

80% evidence

7.5/20Valuation

P/E 34.8× · PEG 2.07

65% evidence

7.0/20Relative strength

RS sector -8.4% · RS bench -5% · 1Y 9%

100% evidence

13. Avient Corporation · AVNT

50.5/100 · Mixed-positive evidence · 65% evidence

Exact sum: 21 + 9.8 + 10.8 + 8.9 = 50.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.0/35Growth & earnings

Revenue 1.3% · PAT 56.9% · OPM change 11.2 pp

62% evidence

9.8/25Capital efficiency

ROCE 1.9% · debt/equity 0.8×

80% evidence

10.8/20Valuation

P/E 21.1× · PEG —

15% evidence

8.9/20Relative strength

RS sector -4.8% · RS bench -1.5% · 1Y 9.9%

100% evidence

14. Linde plc · LIN

50.3/100 · Mixed-positive evidence · 82% evidence

Exact sum: 19.7 + 15 + 5 + 10.6 = 50.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.7/35Growth & earnings

Revenue 5% · PAT 7.3% · OPM change 0.9 pp

83% evidence

15.0/25Capital efficiency

ROCE 3.5% · debt/equity 0.66×

80% evidence

5.0/20Valuation

P/E 32.9× · PEG 3.51

65% evidence

10.6/20Relative strength

RS sector -3.2% · RS bench 0.3% · 1Y 11.3%

100% evidence

15. RPM International Inc. · RPM

49.3/100 · Thin evidence · provisional · 59% evidence

Exact sum: 18 + 12.9 + 10.9 + 7.5 = 49.3

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.0/35Growth & earnings

Revenue — · PAT — · OPM change 0.8 pp

45% evidence

12.9/25Capital efficiency

ROCE 4.8% · debt/equity 0.87×

80% evidence

10.9/20Valuation

P/E 20.5× · PEG —

15% evidence

7.5/20Relative strength

RS sector -9% · RS bench -5.3% · 1Y -4.9%

100% evidence

16. Ecolab Inc. · ECL

49.0/100 · Mixed-negative evidence · 82% evidence

Exact sum: 18.2 + 12.8 + 9.9 + 8.1 = 49

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.2/35Growth & earnings

Revenue 4.9% · PAT 0.1% · OPM change 0.3 pp

83% evidence

12.8/25Capital efficiency

ROCE 3.4% · debt/equity 0.91×

80% evidence

9.9/20Valuation

P/E 36× · PEG 1.4

65% evidence

8.1/20Relative strength

RS sector -6.8% · RS bench -3.2% · 1Y 8.4%

100% evidence

17. Ashland Inc. · ASH

48.9/100 · Mixed-negative evidence · 65% evidence

Exact sum: 11.8 + 8 + 10.4 + 18.7 = 48.9

Decision use: Price leads the evidence: RS versus the benchmark is 11%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

11.8/35Growth & earnings

Revenue -7.3% · PAT — · OPM change -2.5 pp

62% evidence

8.0/25Capital efficiency

ROCE 0.9% · debt/equity 0.79×

80% evidence

10.4/20Valuation

P/E 25.9× · PEG —

15% evidence

18.7/20Relative strength

RS sector 7.1% · RS bench 11% · 1Y 34.7%

100% evidence

18. NewMarket Corporation · NEU

46.2/100 · Mixed-negative evidence · 82% evidence

Exact sum: 11.2 + 16.7 + 6.9 + 11.4 = 46.2

Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.

11.2/35Growth & earnings

Revenue -3.5% · PAT -14.8% · OPM change -1.4 pp

83% evidence

16.7/25Capital efficiency

ROCE 4.8% · debt/equity 0.59×

80% evidence

6.9/20Valuation

P/E 14.6× · PEG 3.42

65% evidence

11.4/20Relative strength

RS sector -4.5% · RS bench -0.3% · 1Y 11.9%

100% evidence

19. Perimeter Solutions, Inc. · PRM

46.2/100 · Mixed-negative evidence · 72% evidence

Exact sum: 11 + 10.3 + 8.8 + 16.1 = 46.2

Decision use: Price leads the evidence: RS versus the benchmark is 21.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

11.0/35Growth & earnings

Revenue 23.2% · PAT -241.8% · OPM change -50 pp

83% evidence

10.3/25Capital efficiency

ROCE 2.7% · debt/equity 1.04×

80% evidence

8.8/20Valuation

P/E 53.3× · PEG —

15% evidence

16.1/20Relative strength

RS sector 16.9% · RS bench 21.1% · 1Y 123.2%

100% evidence

20. Quaker Chemical Corporation · KWR

44.8/100 · Mixed-negative evidence · 72% evidence

Exact sum: 15.5 + 9.4 + 8.5 + 11.4 = 44.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

15.5/35Growth & earnings

Revenue 6.2% · PAT -95.7% · OPM change 0.8 pp

83% evidence

9.4/25Capital efficiency

ROCE 1.4% · debt/equity 0.65×

80% evidence

8.5/20Valuation

P/E 443.7× · PEG —

15% evidence

11.4/20Relative strength

RS sector -2.8% · RS bench 0.9% · 1Y 30.6%

100% evidence

21. The Sherwin-Williams Company · SHW

43.1/100 · Mixed-negative evidence · 82% evidence

Exact sum: 15.7 + 11.4 + 6.6 + 9.4 = 43.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

15.7/35Growth & earnings

Revenue 3.9% · PAT -1.9% · OPM change -0.1 pp

83% evidence

11.4/25Capital efficiency

ROCE 4.5% · debt/equity 3.11×

80% evidence

6.6/20Valuation

P/E 30.8× · PEG 2.58

65% evidence

9.4/20Relative strength

RS sector -6.3% · RS bench -2.5% · 1Y 3.2%

100% evidence

22. DuPont de Nemours, Inc. · DD

42.9/100 · Mixed-negative evidence · 82% evidence

Exact sum: 23.3 + 10.4 + 4 + 5.2 = 42.9

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -21.9% and the one-year return is -32.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

23.3/35Growth & earnings

Revenue 4% · PAT 40.7% · OPM change 5.2 pp

83% evidence

10.4/25Capital efficiency

ROCE 0.7% · debt/equity 0.22×

80% evidence

4.0/20Valuation

P/E 45.4× · PEG 4.12

65% evidence

5.2/20Relative strength

RS sector -21.9% · RS bench -18.3% · 1Y -32.9%

100% evidence

23. Calumet, Inc. · CLMT

42.3/100 · Thin evidence · provisional · 59% evidence

Exact sum: 8.6 + 5.4 + 10.2 + 18.1 = 42.3

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

8.6/35Growth & earnings

Revenue -0.1% · PAT — · OPM change -11.7 pp

62% evidence

5.4/25Capital efficiency

ROCE -9.1% · debt/equity —

57% evidence

10.2/20Valuation

P/E 30.3× · PEG —

15% evidence

18.1/20Relative strength

RS sector 46.7% · RS bench 50.2% · 1Y 167.4%

100% evidence

24. Albemarle Corporation · ALB

41.4/100 · Thin evidence · provisional · 54% evidence

Exact sum: 20.2 + 12.3 + 8.9 + 0 = 41.4

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

20.2/35Growth & earnings

Revenue — · PAT — · OPM change 14.5 pp

32% evidence

12.3/25Capital efficiency

ROCE 1.6% · debt/equity 0.19×

80% evidence

8.9/20Valuation

P/E 47.9× · PEG —

15% evidence

0.0/20Relative strength

RS sector -25.5% · RS bench -23.4% · 1Y 66.7%

100% evidence

25. Hawkins, Inc. · HWKN

38.9/100 · Mixed-negative evidence · 82% evidence

Exact sum: 14.7 + 13.3 + 9.2 + 1.7 = 38.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

14.7/35Growth & earnings

Revenue 11.2% · PAT -3.6% · OPM change -1.2 pp

83% evidence

13.3/25Capital efficiency

ROCE 3% · debt/equity 0.49×

80% evidence

9.2/20Valuation

P/E 38.9× · PEG 1.48

65% evidence

1.7/20Relative strength

RS sector -16.1% · RS bench -12.8% · 1Y -10%

100% evidence

26. Eastman Chemical Company · EMN

37.2/100 · Mixed-negative evidence · 82% evidence

Exact sum: 8.5 + 10 + 15.4 + 3.3 = 37.2

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

8.5/35Growth & earnings

Revenue -7.7% · PAT -56.9% · OPM change -4.6 pp

83% evidence

10.0/25Capital efficiency

ROCE 1.5% · debt/equity 0.86×

80% evidence

15.4/20Valuation

P/E 22.1× · PEG 0.28

65% evidence

3.3/20Relative strength

RS sector -10.4% · RS bench -7.3% · 1Y 15.9%

100% evidence

27. LyondellBasell Industries N.V. · LYB

31.5/100 · Adverse evidence · 72% evidence

Exact sum: 13.4 + 5.9 + 8.6 + 3.6 = 31.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

13.4/35Growth & earnings

Revenue -9.4% · PAT -164.8% · OPM change 1.8 pp

83% evidence

5.9/25Capital efficiency

ROCE 0.9% · debt/equity 1.4×

80% evidence

8.6/20Valuation

P/E 76.1× · PEG —

15% evidence

3.6/20Relative strength

RS sector -7.5% · RS bench -4.8% · 1Y 9%

100% evidence

28. Westlake Corporation · WLK

23.1/100 · Adverse evidence · 65% evidence

Exact sum: 9.5 + 3.5 + 9.5 + 0.6 = 23.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

9.5/35Growth & earnings

Revenue -8.6% · PAT -473.1% · OPM change -5.4 pp

62% evidence

3.5/25Capital efficiency

ROCE -1% · debt/equity 12.38×

80% evidence

9.5/20Valuation

P/E 33.6× · PEG —

15% evidence

0.6/20Relative strength

RS sector -24.4% · RS bench -22.2% · 1Y -4.3%

100% evidence

29. Solstice Advanced Materials, Inc. · SOLS

44.1/100 · Thin evidence · provisional · 37% evidence

Exact sum: 12 + 12.3 + 9.8 + 10 = 44.1

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

12.0/35Growth & earnings

Revenue — · PAT — · OPM change -4.5 pp

39% evidence

12.3/25Capital efficiency

ROCE 8.1% · debt/equity 1.42×

80% evidence

9.8/20Valuation

P/E 32.6× · PEG —

15% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Linde plc has the highest Revenue among the 29 Specialty Chemicals companies compared here, at $34,655 million. LyondellBasell Industries N.V. is next at $29,673 million. Perimeter Solutions, Inc. has the highest Revenue growth at 23.2%, so level and change sit with different companies. 24 of 29 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Linde plc is the scale leader at $34,655 million, 16.8% ahead of LyondellBasell Industries N.V.. Perimeter Solutions, Inc.'s growth is 23.2% from a $706 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderLinde plc · $34,655 million

Gap16.8% versus #2 · LyondellBasell Industries N.V.

Persistence7/8 recent comparable periods

Coverage24/29 companies · 530 observations

Investor read: Linde plc is the scale benchmark; Perimeter Solutions, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Linde plc's growth falls below Perimeter Solutions, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Linde plc LIN$34.7B

2LyondellBasell Industries N.V. LYB$29.7B

3The Sherwin-Williams Company SHW$23.9B

4Ecolab Inc. ECL$16.5B

5PPG Industries, Inc. PPG$16.1B

Revenue growthfastest growers

1Perimeter Solutions, Inc. PRM23%

2Sociedad Química y Minera de Chile S.A. SQM18%

3Element Solutions Inc ESI13%

4Hawkins, Inc. HWKN11%

5Balchem Corporation BCPC9.6%

Revenue · company comparison

24/29 level · 24/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Linde plc LIN	$8.8B	8.3%	Mar 2026
LyondellBasell Industries N.V. LYB	$7.2B	-6.3%	Mar 2026
The Sherwin-Williams Company SHW	$5.7B	6.8%	Mar 2026
Ecolab Inc. ECL	$4.1B	10%	Mar 2026
PPG Industries, Inc. PPG	$3.9B	6.7%	Mar 2026
Air Products and Chemicals, Inc. APD	$3.2B	8.8%	Mar 2026
International Flavors & Fragrances Inc. IFF	$2.7B	-3.6%	Mar 2026
Westlake Corporation WLK	$2.7B	-6.8%	Mar 2026
Eastman Chemical Company EMN	$2.2B	-4.9%	Mar 2026
Sociedad Química y Minera de Chile S.A. SQM	$1.8B	70%	Mar 2026
DuPont de Nemours, Inc. DD	$1.7B	4.3%	Mar 2026
RPM International Inc. RPM	$1.6B	8.9%	Jun 2026
Albemarle Corporation ALB	$1.4B	33%	Mar 2026
Axalta Coating Systems Ltd. AXTA	$1.3B	-0.6%	Mar 2026
Calumet, Inc. CLMT	$1.0B	3.6%	Mar 2026
Solstice Advanced Materials, Inc. SOLS	$991M	10%	Mar 2026
H.B. Fuller Company FUL	$950M	5.8%	Jun 2026
Cabot Corporation CBT	$904M	-3.4%	Mar 2026
Avient Corporation AVNT	$847M	2.4%	Mar 2026
Element Solutions Inc ESI	$840M	41%	Mar 2026
NewMarket Corporation NEU	$670M	-4.4%	Mar 2026
Ashland Inc. ASH	$482M	0.6%	Mar 2026
Quaker Chemical Corporation KWR	$480M	8.4%	Mar 2026
Sensient Technologies Corporation SXT	$436M	11%	Jun 2026
Balchem Corporation BCPC	$271M	8.0%	Mar 2026
Hawkins, Inc. HWKN	$266M	8.6%	Mar 2026
Ingevity Corporation NGVT	$258M	4.0%	Mar 2026
WD-40 Company WDFC	$162M	11%	Jun 2026
Perimeter Solutions, Inc. PRM	$125M	74%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 2021$2.8B

Dec 2021$3.0B

Mar 2022$2.9B

Jun 2022$3.2B

Sep 2022$3.6B

Dec 2022$3.2B

Mar 2023$3.2B

Jun 2023$3.0B

Sep 2023$3.2B

Dec 2023$3.0B

Mar 2024$2.9B

Jun 2024$3.0B

Sep 2024$3.2B

Dec 2024$2.9B

Mar 2025$2.9B

Jun 2025$3.0B

Sep 2025$3.2B

Dec 2025$3.1B

Mar 2026$3.2B

Jun 2026—

Albemarle Corporation · ALB

Sep 2021$831M

Dec 2021$894M

Mar 2022$1.1B

Jun 2022$1.5B

Sep 2022$2.1B

Dec 2022$2.6B

Mar 2023$2.6B

Jun 2023$2.4B

Sep 2023$2.3B

Dec 2023$2.4B

Mar 2024$1.4B

Jun 2024$1.4B

Sep 2024$1.4B

Dec 2024—

Mar 2025$1.1B

Jun 2025$1.3B

Sep 2025$1.3B

Dec 2025—

Mar 2026$1.4B

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 2021$3.2B

Dec 2021$3.2B

Mar 2022$3.3B

Jun 2022$3.3B

Sep 2022$3.3B

Dec 2022$3.1B

Mar 2023$3.0B

Jun 2023$3.1B

Sep 2023$3.1B

Dec 2023$2.9B

Mar 2024$2.9B

Jun 2024$3.2B

Sep 2024$2.9B

Dec 2024$1.7B

Mar 2025$1.6B

Jun 2025$3.3B

Sep 2025$3.1B

Dec 2025$1.7B

Mar 2026$1.7B

Jun 2026—

Ecolab Inc. · ECL

Sep 2021$3.3B

Dec 2021$3.4B

Mar 2022$3.3B

Jun 2022$3.6B

Sep 2022$3.7B

Dec 2022$3.7B

Mar 2023$3.6B

Jun 2023$3.9B

Sep 2023$4.0B

Dec 2023$3.9B

Mar 2024$3.8B

Jun 2024$4.0B

Sep 2024$4.0B

Dec 2024$4.0B

Mar 2025$3.7B

Jun 2025$4.0B

Sep 2025$4.2B

Dec 2025$4.2B

Mar 2026$4.1B

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 2021$3.1B

Dec 2021$3.0B

Mar 2022$3.2B

Jun 2022$3.3B

Sep 2022$3.1B

Dec 2022$2.8B

Mar 2023$3.0B

Jun 2023$2.9B

Sep 2023$2.8B

Dec 2023$2.7B

Mar 2024$2.9B

Jun 2024$2.9B

Sep 2024$2.9B

Dec 2024$2.8B

Mar 2025$2.8B

Jun 2025$2.8B

Sep 2025$2.7B

Dec 2025$2.6B

Mar 2026$2.7B

Jun 2026—

Linde plc · LIN

Sep 2021$7.7B

Dec 2021$8.3B

Mar 2022$8.2B

Jun 2022$8.5B

Sep 2022$8.8B

Dec 2022$7.9B

Mar 2023$8.2B

Jun 2023$8.2B

Sep 2023$8.2B

Dec 2023$8.3B

Mar 2024$8.1B

Jun 2024$8.3B

Sep 2024$8.4B

Dec 2024$8.3B

Mar 2025$8.1B

Jun 2025$8.5B

Sep 2025$8.6B

Dec 2025$8.8B

Mar 2026$8.8B

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 2021$12.7B

Dec 2021$12.8B

Mar 2022$13.2B

Jun 2022$14.8B

Sep 2022$12.3B

Dec 2022$10.2B

Mar 2023$10.2B

Jun 2023$10.3B

Sep 2023$10.6B

Dec 2023$9.9B

Mar 2024$8.3B

Jun 2024$8.7B

Sep 2024$8.6B

Dec 2024$7.8B

Mar 2025$7.7B

Jun 2025$7.7B

Sep 2025$7.7B

Dec 2025$7.1B

Mar 2026$7.2B

Jun 2026—

PPG Industries, Inc. · PPG

Sep 2021$4.4B

Dec 2021$4.2B

Mar 2022$4.3B

Jun 2022$4.7B

Sep 2022$4.5B

Dec 2022$4.2B

Mar 2023$4.4B

Jun 2023$4.9B

Sep 2023$4.6B

Dec 2023$4.4B

Mar 2024$3.8B

Jun 2024$4.2B

Sep 2024$4.0B

Dec 2024$3.7B

Mar 2025$3.7B

Jun 2025$4.2B

Sep 2025$4.1B

Dec 2025$3.9B

Mar 2026$3.9B

Jun 2026—

RPM International Inc. · RPM

Sep 2021$1.7B

Dec 2021$1.6B

Mar 2022$1.4B

Jun 2022$2.0B

Sep 2022$1.9B

Dec 2022$1.8B

Mar 2023$1.5B

Jun 2023$2.0B

Sep 2023$2.0B

Dec 2023$1.8B

Mar 2024$1.5B

Jun 2024$2.0B

Sep 2024$2.0B

Dec 2024$1.8B

Mar 2025$1.5B

Jun 2025$2.1B

Sep 2025$2.1B

Dec 2025$1.9B

Mar 2026$1.6B

Jun 2026—

Sociedad Química y Minera de Chile S.A. · SQM

Sep 2021$662M

Dec 2021$1.1B

Mar 2022$2.0B

Jun 2022$2.6B

Sep 2022$3.0B

Dec 2022$3.1B

Mar 2023$2.3B

Jun 2023$2.1B

Sep 2023$1.8B

Dec 2023$1.3B

Mar 2024$1.1B

Jun 2024$1.3B

Sep 2024$1.1B

Dec 2024$1.1B

Mar 2025$1.0B

Jun 2025$1.0B

Sep 2025$1.2B

Dec 2025$1.3B

Mar 2026$1.8B

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 2021$5.1B

Dec 2021$4.8B

Mar 2022$5.0B

Jun 2022$5.9B

Sep 2022$6.0B

Dec 2022$5.2B

Mar 2023$5.4B

Jun 2023$6.2B

Sep 2023$6.1B

Dec 2023$5.3B

Mar 2024$5.4B

Jun 2024$6.3B

Sep 2024$6.2B

Dec 2024$5.3B

Mar 2025$5.3B

Jun 2025$6.3B

Sep 2025$6.4B

Dec 2025$5.6B

Mar 2026$5.7B

Jun 2026—

Westlake Corporation · WLK

Sep 2021$3.1B

Dec 2021$3.5B

Mar 2022$4.1B

Jun 2022$4.5B

Sep 2022$4.0B

Dec 2022$3.3B

Mar 2023$3.4B

Jun 2023$3.3B

Sep 2023$3.1B

Dec 2023$2.8B

Mar 2024$3.0B

Jun 2024$3.2B

Sep 2024$3.1B

Dec 2024$2.8B

Mar 2025$2.8B

Jun 2025$3.0B

Sep 2025$2.8B

Dec 2025$2.5B

Mar 2026$2.7B

Jun 2026—

Revenue growth · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202222%

Sep 202226%

Dec 20226.1%

Mar 20238.7%

Jun 2023-4.9%

Sep 2023-11%

Dec 2023-5.6%

Mar 2024-8.4%

Jun 2024-1.6%

Sep 2024-0.1%

Dec 2024-2.2%

Mar 2025-0.5%

Jun 20251.2%

Sep 2025-0.7%

Dec 20255.8%

Mar 20268.8%

Jun 2026—

Albemarle Corporation · ALB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202291%

Sep 2022152%

Dec 2022193%

Mar 2023129%

Jun 202360%

Sep 202310%

Dec 2023-10%

Mar 2024-47%

Jun 2024-40%

Sep 2024-41%

Dec 2024—

Mar 2025-21%

Jun 2025-7.0%

Sep 2025-3.5%

Dec 2025—

Mar 202633%

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20227.0%

Sep 20223.7%

Dec 2022-4.4%

Mar 2023-7.8%

Jun 2023-6.9%

Sep 2023-7.8%

Dec 2023-6.6%

Mar 2024-2.9%

Jun 20242.5%

Sep 2024-6.4%

Dec 2024-42%

Mar 2025-45%

Jun 20252.7%

Sep 20257.3%

Dec 20250.2%

Mar 20264.3%

Jun 2026—

Ecolab Inc. · ECL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202213%

Sep 202210%

Dec 20229.1%

Mar 20239.3%

Jun 20237.6%

Sep 20237.9%

Dec 20237.3%

Mar 20245.0%

Jun 20243.5%

Sep 20241.0%

Dec 20241.7%

Mar 2025-1.5%

Jun 20251.0%

Sep 20254.2%

Dec 20254.8%

Mar 202610%

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20227.1%

Sep 2022-0.3%

Dec 2022-6.2%

Mar 2023-6.2%

Jun 2023-11%

Sep 2023-7.9%

Dec 2023-5.0%

Mar 2024-4.2%

Jun 2024-1.4%

Sep 20243.7%

Dec 20242.5%

Mar 2025-1.9%

Jun 2025-4.3%

Sep 2025-7.9%

Dec 2025-6.6%

Mar 2026-3.6%

Jun 2026—

Linde plc · LIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202212%

Sep 202215%

Dec 2022-4.8%

Mar 2023-0.2%

Jun 2023-3.0%

Sep 2023-7.3%

Dec 20235.1%

Mar 2024-1.1%

Jun 20240.8%

Sep 20242.5%

Dec 2024-0.2%

Mar 20250.2%

Jun 20252.8%

Sep 20253.1%

Dec 20255.8%

Mar 20268.3%

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202228%

Sep 2022-3.5%

Dec 2022-20%

Mar 2023-22%

Jun 2023-31%

Sep 2023-13%

Dec 2023-2.7%

Mar 2024-19%

Jun 2024-16%

Sep 2024-19%

Dec 2024-21%

Mar 2025-7.6%

Jun 2025-12%

Sep 2025-10%

Dec 2025-9.2%

Mar 2026-6.3%

Jun 2026—

PPG Industries, Inc. · PPG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20227.6%

Sep 20222.2%

Dec 2022-0.1%

Mar 20231.7%

Jun 20233.9%

Sep 20233.9%

Dec 20233.9%

Mar 2024-12%

Jun 2024-13%

Sep 2024-13%

Dec 2024-14%

Mar 2025-4.3%

Jun 2025-0.9%

Sep 20251.2%

Dec 20255.0%

Mar 20266.7%

Jun 2026—

RPM International Inc. · RPM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202214%

Sep 202217%

Dec 20229.3%

Mar 20235.7%

Jun 20231.6%

Sep 20234.1%

Dec 20230.0%

Mar 20240.5%

Jun 2024-0.4%

Sep 2024-2.1%

Dec 20243.0%

Mar 2025-3.0%

Jun 20253.7%

Sep 20257.4%

Dec 20253.5%

Mar 20268.9%

Jun 2026—

Sociedad Química y Minera de Chile S.A. · SQM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022342%

Sep 2022347%

Dec 2022189%

Mar 202312%

Jun 2023-21%

Sep 2023-38%

Dec 2023-58%

Mar 2024-52%

Jun 2024-37%

Sep 2024-41%

Dec 2024-18%

Mar 2025-4.4%

Jun 2025-19%

Sep 20258.9%

Dec 202523%

Mar 202670%

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20229.1%

Sep 202217%

Dec 20229.9%

Mar 20238.9%

Jun 20236.3%

Sep 20231.2%

Dec 20230.4%

Mar 2024-1.4%

Jun 20240.5%

Sep 20240.8%

Dec 20240.9%

Mar 2025-1.1%

Jun 20250.7%

Sep 20253.2%

Dec 20255.6%

Mar 20266.8%

Jun 2026—

Westlake Corporation · WLK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202257%

Sep 202229%

Dec 2022-5.9%

Mar 2023-17%

Jun 2023-27%

Sep 2023-21%

Dec 2023-14%

Mar 2024-11%

Jun 2024-1.4%

Sep 20240.1%

Dec 20240.6%

Mar 2025-4.3%

Jun 2025-7.9%

Sep 2025-9.0%

Dec 2025-11%

Mar 2026-6.8%

Jun 2026—

02 · compare level, then change

Operating Economics & Margin Trend

Perimeter Solutions, Inc. has the highest OPM among the 29 Specialty Chemicals companies compared here, at 58%. Sociedad Química y Minera de Chile S.A. is next at 41%. Air Products and Chemicals, Inc. has the highest Margin change at +103.5 percentage points, so level and change sit with different companies.

What the numbers say: Perimeter Solutions, Inc. leads opm at 58%; Air Products and Chemicals, Inc. leads margin change at +103.5 percentage points.

LeaderPerimeter Solutions, Inc. · 58%

Gap41.5% versus #2 · Sociedad Química y Minera de Chile S.A.

Persistence2/8 recent comparable periods

Coverage29/29 companies · 530 observations

Investor read: Perimeter Solutions, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1Perimeter Solutions, Inc. PRM58%

2Sociedad Química y Minera de Chile S.A. SQM41%

3Linde plc LIN28%

4Ingevity Corporation NGVT27%

5Air Products and Chemicals, Inc. APD24%

Margin changefastest expanders

1Air Products and Chemicals, Inc. APD+103.5 pp

2International Flavors & Fragrances Inc. IFF+41.8 pp

3Sociedad Química y Minera de Chile S.A. SQM+17.4 pp

4Albemarle Corporation ALB+14.5 pp

5Avient Corporation AVNT+11.2 pp

Operating margin · company comparison

29/29 level · 29/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	OPM	Margin change	Reported
Perimeter Solutions, Inc. PRM	58%	−50.0 pp	Mar 2026
Sociedad Química y Minera de Chile S.A. SQM	41%	+17.4 pp	Mar 2026
Linde plc LIN	28%	+0.9 pp	Mar 2026
Ingevity Corporation NGVT	27%	+2.0 pp	Mar 2026
Air Products and Chemicals, Inc. APD	24%	+103.5 pp	Mar 2026
NewMarket Corporation NEU	21%	−1.4 pp	Mar 2026
Balchem Corporation BCPC	21%	+0.1 pp	Mar 2026
Solstice Advanced Materials, Inc. SOLS	17%	−4.5 pp	Mar 2026
Albemarle Corporation ALB	16%	+14.5 pp	Mar 2026
WD-40 Company WDFC	16%	+0.4 pp	Jun 2026
Ecolab Inc. ECL	15%	+0.3 pp	Mar 2026
Sensient Technologies Corporation SXT	15%	+1.7 pp	Jun 2026
Cabot Corporation CBT	14%	−3.0 pp	Mar 2026
The Sherwin-Williams Company SHW	14%	−0.1 pp	Mar 2026
PPG Industries, Inc. PPG	14%	−0.2 pp	Mar 2026
Element Solutions Inc ESI	13%	+0.3 pp	Mar 2026
H.B. Fuller Company FUL	12%	+1.2 pp	Jun 2026
Axalta Coating Systems Ltd. AXTA	12%	−2.3 pp	Mar 2026
Avient Corporation AVNT	11%	+11.2 pp	Mar 2026
DuPont de Nemours, Inc. DD	11%	+5.2 pp	Mar 2026
International Flavors & Fragrances Inc. IFF	10%	+41.8 pp	Mar 2026
Hawkins, Inc. HWKN	8.8%	−1.2 pp	Mar 2026
Eastman Chemical Company EMN	8.6%	−4.6 pp	Mar 2026
Ashland Inc. ASH	8.1%	−2.5 pp	Mar 2026
Quaker Chemical Corporation KWR	7.0%	+0.8 pp	Mar 2026
RPM International Inc. RPM	5.0%	+0.8 pp	Jun 2026
LyondellBasell Industries N.V. LYB	3.3%	+1.8 pp	Mar 2026
Westlake Corporation WLK	-6.5%	−5.4 pp	Mar 2026
Calumet, Inc. CLMT	-17%	−11.7 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 202122%

Dec 202118%

Mar 202219%

Jun 202220%

Sep 202218%

Dec 202221%

Mar 202314%

Jun 202321%

Sep 202323%

Dec 202322%

Mar 202422%

Jun 202425%

Sep 202476%

Dec 202422%

Mar 2025-80%

Jun 202526%

Sep 20250.5%

Dec 202524%

Mar 202624%

Jun 2026—

Albemarle Corporation · ALB

Sep 202116%

Dec 2021-3.5%

Mar 202228%

Jun 202229%

Sep 202243%

Dec 202232%

Mar 202343%

Jun 20235.9%

Sep 2023-6.1%

Dec 2023-36%

Mar 2024-13%

Jun 2024-34%

Sep 2024-82%

Dec 2024—

Mar 20251.8%

Jun 20253.6%

Sep 2025-17%

Dec 2025—

Mar 202616%

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 202114%

Dec 20219.4%

Mar 202211%

Jun 202215%

Sep 202218%

Dec 20227.5%

Mar 202314%

Jun 202313%

Sep 202315%

Dec 20239.9%

Mar 202411%

Jun 202415%

Sep 202415%

Dec 20247.8%

Mar 20255.9%

Jun 202512%

Sep 202513%

Dec 20255.7%

Mar 202611%

Jun 2026—

Ecolab Inc. · ECL

Sep 202114%

Dec 202112%

Mar 20227.8%

Jun 202212%

Sep 202213%

Dec 202211%

Mar 20239.8%

Jun 202313%

Sep 202314%

Dec 202315%

Mar 202414%

Jun 202417%

Sep 202426%

Dec 202415%

Mar 202515%

Jun 202518%

Sep 202518%

Dec 202517%

Mar 202615%

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 20219.7%

Dec 20215.7%

Mar 202211%

Jun 20226.4%

Sep 2022-65%

Dec 20223.7%

Mar 20234.3%

Jun 20235.0%

Sep 20235.3%

Dec 2023-94%

Mar 20246.9%

Jun 20246.6%

Sep 20248.5%

Dec 20244.6%

Mar 2025-32%

Jun 20257.2%

Sep 20258.4%

Dec 20253.7%

Mar 202610%

Jun 2026—

Linde plc · LIN

Sep 202117%

Dec 202116%

Mar 202218%

Jun 20227.0%

Sep 202218%

Dec 202221%

Mar 202324%

Jun 202325%

Sep 202325%

Dec 202324%

Mar 202426%

Jun 202426%

Sep 202425%

Dec 202427%

Mar 202527%

Jun 202528%

Sep 202528%

Dec 202523%

Mar 202628%

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 202118%

Dec 20217.1%

Mar 202213%

Jun 202214%

Sep 20226.6%

Dec 20224.8%

Mar 20237.0%

Jun 20239.8%

Sep 20239.5%

Dec 20233.2%

Mar 20247.8%

Jun 202412%

Sep 202410%

Dec 2024-7.6%

Mar 20251.5%

Jun 20253.7%

Sep 2025-9.5%

Dec 2025-1.2%

Mar 20263.3%

Jun 2026—

PPG Industries, Inc. · PPG

Sep 20219.3%

Dec 20215.9%

Mar 20222.0%

Jun 202213%

Sep 202210%

Dec 20229.2%

Mar 20238.8%

Jun 202314%

Sep 202313%

Dec 20238.6%

Mar 202414%

Jun 202416%

Sep 202415%

Dec 202413%

Mar 202514%

Jun 202515%

Sep 202514%

Dec 202512%

Mar 202614%

Jun 2026—

RPM International Inc. · RPM

Sep 202112%

Dec 20218.7%

Mar 20224.5%

Jun 202212%

Sep 202213%

Dec 202211%

Mar 20233.1%

Jun 202312%

Sep 202315%

Dec 202313%

Mar 20246.3%

Jun 202413%

Sep 202415%

Dec 202412%

Mar 20254.2%

Jun 202514%

Sep 202515%

Dec 202512%

Mar 20265.0%

Jun 2026—

Sociedad Química y Minera de Chile S.A. · SQM

Sep 202126%

Dec 202142%

Mar 202256%

Jun 202248%

Sep 202253%

Dec 202249%

Mar 202345%

Jun 202340%

Sep 202339%

Dec 202327%

Mar 202429%

Jun 202424%

Sep 202421%

Dec 202422%

Mar 202524%

Jun 202516%

Sep 202525%

Dec 202530%

Mar 202641%

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 202114%

Dec 20219.4%

Mar 202211%

Jun 202214%

Sep 202216%

Dec 202211%

Mar 202313%

Jun 202317%

Sep 202318%

Dec 202312%

Mar 202414%

Jun 202420%

Sep 202418%

Dec 202413%

Mar 202514%

Jun 202517%

Sep 202519%

Dec 202514%

Mar 202614%

Jun 2026—

Westlake Corporation · WLK

Sep 202128%

Dec 202125%

Mar 202225%

Jun 202226%

Sep 202213%

Dec 20229.9%

Mar 202316%

Jun 202312%

Sep 202311%

Dec 2023-20%

Mar 20247.5%

Jun 202413%

Sep 20245.8%

Dec 20242.3%

Mar 2025-1.1%

Jun 2025-3.7%

Sep 2025-27%

Dec 2025-27%

Mar 2026-6.5%

Jun 2026—

Margin change · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−2.5 pp

Sep 2022−4.2 pp

Dec 2022+3.0 pp

Mar 2023−4.7 pp

Jun 2023+1.5 pp

Sep 2023+5.6 pp

Dec 2023+1.7 pp

Mar 2024+7.3 pp

Jun 2024+3.5 pp

Sep 2024+53.0 pp

Dec 2024−0.2 pp

Mar 2025−101.5 pp

Jun 2025+1.5 pp

Sep 2025−75.6 pp

Dec 2025+1.7 pp

Mar 2026+103.5 pp

Jun 2026—

Albemarle Corporation · ALB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−40.8 pp

Sep 2022+26.8 pp

Dec 2022+35.3 pp

Mar 2023+15.0 pp

Jun 2023−23.4 pp

Sep 2023−48.7 pp

Dec 2023−67.9 pp

Mar 2024−55.9 pp

Jun 2024−40.3 pp

Sep 2024−75.8 pp

Dec 2024—

Mar 2025+15.0 pp

Jun 2025+38.0 pp

Sep 2025+65.3 pp

Dec 2025—

Mar 2026+14.5 pp

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−0.3 pp

Sep 2022+4.1 pp

Dec 2022−1.9 pp

Mar 2023+2.2 pp

Jun 2023−1.3 pp

Sep 2023−3.1 pp

Dec 2023+2.4 pp

Mar 2024−2.8 pp

Jun 2024+1.2 pp

Sep 2024+0.6 pp

Dec 2024−2.1 pp

Mar 2025−4.8 pp

Jun 2025−3.0 pp

Sep 2025−2.5 pp

Dec 2025−2.1 pp

Mar 2026+5.2 pp

Jun 2026—

Ecolab Inc. · ECL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−2.3 pp

Sep 2022−0.8 pp

Dec 2022−0.6 pp

Mar 2023+2.0 pp

Jun 2023+0.7 pp

Sep 2023+1.1 pp

Dec 2023+4.1 pp

Mar 2024+4.0 pp

Jun 2024+3.9 pp

Sep 2024+11.8 pp

Dec 2024−0.4 pp

Mar 2025+1.2 pp

Jun 2025+1.1 pp

Sep 2025−7.8 pp

Dec 2025+2.4 pp

Mar 2026+0.3 pp

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+2.8 pp

Sep 2022−74.5 pp

Dec 2022−2.0 pp

Mar 2023−6.3 pp

Jun 2023−1.4 pp

Sep 2023+70.1 pp

Dec 2023−97.5 pp

Mar 2024+2.6 pp

Jun 2024+1.6 pp

Sep 2024+3.2 pp

Dec 2024+98.4 pp

Mar 2025−38.7 pp

Jun 2025+0.6 pp

Sep 2025−0.1 pp

Dec 2025−0.9 pp

Mar 2026+41.8 pp

Jun 2026—

Linde plc · LIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−8.1 pp

Sep 2022+1.5 pp

Dec 2022+5.3 pp

Mar 2023+5.6 pp

Jun 2023+17.5 pp

Sep 2023+6.9 pp

Dec 2023+3.0 pp

Mar 2024+2.3 pp

Jun 2024+1.9 pp

Sep 2024−0.2 pp

Dec 2024+3.0 pp

Mar 2025+1.0 pp

Jun 2025+1.3 pp

Sep 2025+2.5 pp

Dec 2025−4.4 pp

Mar 2026+0.9 pp

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−7.4 pp

Sep 2022−11.1 pp

Dec 2022−2.3 pp

Mar 2023−5.6 pp

Jun 2023−4.6 pp

Sep 2023+2.9 pp

Dec 2023−1.6 pp

Mar 2024+0.8 pp

Jun 2024+1.7 pp

Sep 2024+0.6 pp

Dec 2024−10.8 pp

Mar 2025−6.3 pp

Jun 2025−7.8 pp

Sep 2025−19.6 pp

Dec 2025+6.4 pp

Mar 2026+1.8 pp

Jun 2026—

PPG Industries, Inc. · PPG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−0.1 pp

Sep 2022+0.8 pp

Dec 2022+3.3 pp

Mar 2023+6.8 pp

Jun 2023+1.4 pp

Sep 2023+2.4 pp

Dec 2023−0.6 pp

Mar 2024+5.6 pp

Jun 2024+1.8 pp

Sep 2024+2.3 pp

Dec 2024+4.1 pp

Mar 2025−0.4 pp

Jun 2025−1.1 pp

Sep 2025−0.6 pp

Dec 2025−1.1 pp

Mar 2026−0.2 pp

Jun 2026—

RPM International Inc. · RPM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−0.6 pp

Sep 2022+1.6 pp

Dec 2022+2.4 pp

Mar 2023−1.4 pp

Jun 2023−0.4 pp

Sep 2023+1.2 pp

Dec 2023+1.4 pp

Mar 2024+3.2 pp

Jun 2024+1.3 pp

Sep 2024+0.9 pp

Dec 2024−0.2 pp

Mar 2025−2.1 pp

Jun 2025+0.6 pp

Sep 2025−0.7 pp

Dec 2025−0.5 pp

Mar 2026+0.8 pp

Jun 2026—

Sociedad Química y Minera de Chile S.A. · SQM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+22.6 pp

Sep 2022+26.9 pp

Dec 2022+6.9 pp

Mar 2023−10.4 pp

Jun 2023−7.9 pp

Sep 2023−14.5 pp

Dec 2023−22.2 pp

Mar 2024−16.4 pp

Jun 2024−15.6 pp

Sep 2024−17.4 pp

Dec 2024−4.4 pp

Mar 2025−5.3 pp

Jun 2025−8.4 pp

Sep 2025+3.5 pp

Dec 2025+7.3 pp

Mar 2026+17.4 pp

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−2.3 pp

Sep 2022+2.9 pp

Dec 2022+2.0 pp

Mar 2023+1.9 pp

Jun 2023+2.9 pp

Sep 2023+1.5 pp

Dec 2023+0.8 pp

Mar 2024+0.4 pp

Jun 2024+2.7 pp

Sep 2024+0.5 pp

Dec 2024+1.0 pp

Mar 2025+0.7 pp

Jun 2025−2.6 pp

Sep 2025+0.1 pp

Dec 2025+1.0 pp

Mar 2026−0.1 pp

Jun 2026—

Westlake Corporation · WLK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+1.0 pp

Sep 2022−15.2 pp

Dec 2022−15.0 pp

Mar 2023−9.4 pp

Jun 2023−14.0 pp

Sep 2023−1.8 pp

Dec 2023−29.4 pp

Mar 2024−8.5 pp

Jun 2024+0.5 pp

Sep 2024−5.4 pp

Dec 2024+21.8 pp

Mar 2025−8.6 pp

Jun 2025−16.4 pp

Sep 2025−32.8 pp

Dec 2025−28.8 pp

Mar 2026−5.4 pp

Jun 2026—

03 · compare level, then change

Profit Scale & Acceleration

Linde plc has the highest Net profit among the 29 Specialty Chemicals companies compared here, at $7,099 million. The Sherwin-Williams Company is next at $2,762 million. H.B. Fuller Company has the highest Profit growth at 80.6%, so level and change sit with different companies. 24 of 29 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Linde plc leads with $7,099 million of TTM profit, 157% above The Sherwin-Williams Company. H.B. Fuller Company shows 80.6% growth from a $186 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderLinde plc · $7,099 million

Gap157% versus #2 · The Sherwin-Williams Company

Persistence7/8 recent comparable periods

Coverage24/29 companies · 530 observations

Investor read: Linde plc sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Linde plc LIN$7.1B

2The Sherwin-Williams Company SHW$2.8B

3Air Products and Chemicals, Inc. APD$2.2B

4Ecolab Inc. ECL$2.1B

5PPG Industries, Inc. PPG$1.6B

Profit growthfastest growers

1H.B. Fuller Company FUL81%

2Sociedad Química y Minera de Chile S.A. SQM48%

3DuPont de Nemours, Inc. DD41%

4PPG Industries, Inc. PPG19%

5Balchem Corporation BCPC15%

Net profit · company comparison

24/29 level · 17/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Net profit	Profit growth	Reported
Linde plc LIN	$1.9B	11%	Mar 2026
Air Products and Chemicals, Inc. APD	$725M	6.3%	Mar 2026
The Sherwin-Williams Company SHW	$535M	6.2%	Mar 2026
Ecolab Inc. ECL	$437M	7.4%	Mar 2026
Sociedad Química y Minera de Chile S.A. SQM	$403M	192%	Mar 2026
PPG Industries, Inc. PPG	$385M	1.3%	Mar 2026
Albemarle Corporation ALB	$329M	571%	Mar 2026
International Flavors & Fragrances Inc. IFF	$170M	-31%	Mar 2026
DuPont de Nemours, Inc. DD	$150M	88%	Mar 2026
LyondellBasell Industries N.V. LYB	$139M	504%	Mar 2026
NewMarket Corporation NEU	$118M	-6.4%	Mar 2026
Eastman Chemical Company EMN	$107M	-42%	Mar 2026
Solstice Advanced Materials, Inc. SOLS	$105M	-25%	Mar 2026
Axalta Coating Systems Ltd. AXTA	$91M	-8.1%	Mar 2026
Cabot Corporation CBT	$78M	-26%	Mar 2026
Perimeter Solutions, Inc. PRM	$73M	28%	Mar 2026
H.B. Fuller Company FUL	$68M	62%	Jun 2026
Ingevity Corporation NGVT	$60M	186%	Mar 2026
Element Solutions Inc ESI	$56M	-43%	Mar 2026
Avient Corporation AVNT	$56M	-65%	Mar 2026
RPM International Inc. RPM	$52M	0.0%	Jun 2026
Sensient Technologies Corporation SXT	$44M	29%	Jun 2026
Balchem Corporation BCPC	$40M	8.1%	Mar 2026
WD-40 Company WDFC	$20M	-33%	Jun 2026
Quaker Chemical Corporation KWR	$20M	54%	Mar 2026
Ashland Inc. ASH	$15M	-50%	Mar 2026
Hawkins, Inc. HWKN	$15M	-6.3%	Mar 2026
Westlake Corporation WLK	$-157M	-2,905%	Mar 2026
Calumet, Inc. CLMT	$-317M	-201%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 2021$567M

Dec 2021$550M

Mar 2022$537M

Jun 2022$587M

Sep 2022$580M

Dec 2022$584M

Mar 2023$450M

Jun 2023$611M

Sep 2023$687M

Dec 2023$622M

Mar 2024$581M

Jun 2024$709M

Sep 2024$2.0B

Dec 2024$650M

Mar 2025$-1.7B

Jun 2025$731M

Sep 2025$10M

Dec 2025$691M

Mar 2026$725M

Jun 2026—

Albemarle Corporation · ALB

Sep 2021$-374M

Dec 2021$10M

Mar 2022$282M

Jun 2022$441M

Sep 2022$931M

Dec 2022$1.2B

Mar 2023$1.3B

Jun 2023$676M

Sep 2023$321M

Dec 2023$-603M

Mar 2024$17M

Jun 2024$-177M

Sep 2024$-1.1B

Dec 2024—

Mar 2025$49M

Jun 2025$35M

Sep 2025$-148M

Dec 2025—

Mar 2026$329M

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 2021$259M

Dec 2021$167M

Mar 2022$232M

Jun 2022$365M

Sep 2022$359M

Dec 2022$105M

Mar 2023$273M

Jun 2023$269M

Sep 2023$291M

Dec 2023$-300M

Mar 2024$183M

Jun 2024$176M

Sep 2024$453M

Dec 2024$-291M

Mar 2025$80M

Jun 2025$238M

Sep 2025$308M

Dec 2025$-108M

Mar 2026$150M

Jun 2026—

Ecolab Inc. · ECL

Sep 2021$329M

Dec 2021$305M

Mar 2022$175M

Jun 2022$313M

Sep 2022$352M

Dec 2022$270M

Mar 2023$238M

Jun 2023$335M

Sep 2023$409M

Dec 2023$411M

Mar 2024$417M

Jun 2024$495M

Sep 2024$741M

Dec 2024$480M

Mar 2025$407M

Jun 2025$529M

Sep 2025$590M

Dec 2025$569M

Mar 2026$437M

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 2021$197M

Dec 2021$92M

Mar 2022$246M

Jun 2022$109M

Sep 2022$-2.2B

Dec 2022$-24M

Mar 2023$-8M

Jun 2023$27M

Sep 2023$27M

Dec 2023$-2.6B

Mar 2024$61M

Jun 2024$172M

Sep 2024$59M

Dec 2024$-60M

Mar 2025$-1.0B

Jun 2025$612M

Sep 2025$41M

Dec 2025$31M

Mar 2026$170M

Jun 2026—

Linde plc · LIN

Sep 2021$1.0B

Dec 2021$1.0B

Mar 2022$1.2B

Jun 2022$360M

Sep 2022$1.3B

Dec 2022$1.3B

Mar 2023$1.5B

Jun 2023$1.6B

Sep 2023$1.6B

Dec 2023$1.5B

Mar 2024$1.6B

Jun 2024$1.7B

Sep 2024$1.6B

Dec 2024$1.7B

Mar 2025$1.7B

Jun 2025$1.8B

Sep 2025$1.9B

Dec 2025$1.5B

Mar 2026$1.9B

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 2021$1.8B

Dec 2021$731M

Mar 2022$1.3B

Jun 2022$1.6B

Sep 2022$573M

Dec 2022$355M

Mar 2023$475M

Jun 2023$717M

Sep 2023$748M

Dec 2023$186M

Mar 2024$433M

Jun 2024$946M

Sep 2024$626M

Dec 2024$-563M

Mar 2025$23M

Jun 2025$155M

Sep 2025$-829M

Dec 2025$-134M

Mar 2026$139M

Jun 2026—

PPG Industries, Inc. · PPG

Sep 2021$345M

Dec 2021$278M

Mar 2022$23M

Jun 2022$448M

Sep 2022$339M

Dec 2022$225M

Mar 2023$273M

Jun 2023$497M

Sep 2023$436M

Dec 2023$114M

Mar 2024$414M

Jun 2024$502M

Sep 2024$450M

Dec 2024$11M

Mar 2025$380M

Jun 2025$458M

Sep 2025$438M

Dec 2025$311M

Mar 2026$385M

Jun 2026—

RPM International Inc. · RPM

Sep 2021$135M

Dec 2021$125M

Mar 2022$33M

Jun 2022$199M

Sep 2022$169M

Dec 2022$132M

Mar 2023$27M

Jun 2023$152M

Sep 2023$201M

Dec 2023$146M

Mar 2024$61M

Jun 2024$181M

Sep 2024$229M

Dec 2024$183M

Mar 2025$52M

Jun 2025$226M

Sep 2025$228M

Dec 2025$161M

Mar 2026$52M

Jun 2026—

Sociedad Química y Minera de Chile S.A. · SQM

Sep 2021$109M

Dec 2021$323M

Mar 2022$797M

Jun 2022$862M

Sep 2022$1.1B

Dec 2022$1.2B

Mar 2023$752M

Jun 2023$581M

Sep 2023$482M

Dec 2023$206M

Mar 2024$-869M

Jun 2024$215M

Sep 2024$134M

Dec 2024$123M

Mar 2025$138M

Jun 2025$89M

Sep 2025$180M

Dec 2025$233M

Mar 2026$403M

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 2021$502M

Dec 2021$309M

Mar 2022$371M

Jun 2022$578M

Sep 2022$685M

Dec 2022$386M

Mar 2023$477M

Jun 2023$794M

Sep 2023$762M

Dec 2023$356M

Mar 2024$505M

Jun 2024$890M

Sep 2024$806M

Dec 2024$616M

Mar 2025$504M

Jun 2025$755M

Sep 2025$833M

Dec 2025$639M

Mar 2026$535M

Jun 2026—

Westlake Corporation · WLK

Sep 2021$620M

Dec 2021$661M

Mar 2022$764M

Jun 2022$873M

Sep 2022$412M

Dec 2022$248M

Mar 2023$407M

Jun 2023$307M

Sep 2023$295M

Dec 2023$-487M

Mar 2024$185M

Jun 2024$323M

Sep 2024$120M

Dec 2024$19M

Mar 2025$-35M

Jun 2025$-131M

Sep 2025$-772M

Dec 2025$-533M

Mar 2026$-157M

Jun 2026—

Profit growth · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202212%

Sep 20222.3%

Dec 20226.2%

Mar 2023-16%

Jun 20234.1%

Sep 202318%

Dec 20236.5%

Mar 202429%

Jun 202416%

Sep 2024186%

Dec 20244.5%

Mar 2025-399%

Jun 20253.1%

Sep 2025-99%

Dec 20256.3%

Mar 2026—

Jun 2026—

Albemarle Corporation · ALB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-1.1%

Sep 2022—

Dec 202211,520%

Mar 2023353%

Jun 202353%

Sep 2023-66%

Dec 2023-152%

Mar 2024-99%

Jun 2024-126%

Sep 2024-431%

Dec 2024—

Mar 2025188%

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026571%

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-7.6%

Sep 202239%

Dec 2022-37%

Mar 202318%

Jun 2023-26%

Sep 2023-19%

Dec 2023-386%

Mar 2024-33%

Jun 2024-35%

Sep 202456%

Dec 2024—

Mar 2025-56%

Jun 202535%

Sep 2025-32%

Dec 2025—

Mar 202688%

Jun 2026—

Ecolab Inc. · ECL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-0.3%

Sep 20227.0%

Dec 2022-11%

Mar 202336%

Jun 20237.0%

Sep 202316%

Dec 202352%

Mar 202475%

Jun 202448%

Sep 202481%

Dec 202417%

Mar 2025-2.4%

Jun 20256.9%

Sep 2025-20%

Dec 202519%

Mar 20267.4%

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022263%

Sep 2022-1,214%

Dec 2022-126%

Mar 2023-103%

Jun 2023-75%

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024537%

Sep 2024119%

Dec 2024—

Mar 2025-1,767%

Jun 2025256%

Sep 2025-31%

Dec 2025—

Mar 2026—

Jun 2026—

Linde plc · LIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-57%

Sep 202225%

Dec 202231%

Mar 202330%

Jun 2023335%

Sep 202324%

Dec 202316%

Mar 20247.0%

Jun 20245.7%

Sep 20240.3%

Dec 202413%

Mar 20253.2%

Jun 20257.1%

Sep 202524%

Dec 2025-12%

Mar 202611%

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-20%

Sep 2022-68%

Dec 2022-51%

Mar 2023-64%

Jun 2023-56%

Sep 202331%

Dec 2023-48%

Mar 2024-8.8%

Jun 202432%

Sep 2024-16%

Dec 2024-403%

Mar 2025-95%

Jun 2025-84%

Sep 2025-232%

Dec 2025—

Mar 2026504%

Jun 2026—

PPG Industries, Inc. · PPG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20223.5%

Sep 2022-1.7%

Dec 2022-19%

Mar 20231,087%

Jun 202311%

Sep 202329%

Dec 2023-49%

Mar 202452%

Jun 20241.0%

Sep 20243.2%

Dec 2024-90%

Mar 2025-8.2%

Jun 2025-8.8%

Sep 2025-2.7%

Dec 20252,727%

Mar 20261.3%

Jun 2026—

RPM International Inc. · RPM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202228%

Sep 202225%

Dec 20225.6%

Mar 2023-18%

Jun 2023-24%

Sep 202319%

Dec 202311%

Mar 2024126%

Jun 202419%

Sep 202414%

Dec 202425%

Mar 2025-15%

Jun 202525%

Sep 2025-0.4%

Dec 2025-12%

Mar 20260.0%

Jun 2026—

Sociedad Química y Minera de Chile S.A. · SQM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022847%

Sep 2022912%

Dec 2022257%

Mar 2023-5.7%

Jun 2023-33%

Sep 2023-56%

Dec 2023-82%

Mar 2024-216%

Jun 2024-63%

Sep 2024-72%

Dec 2024-40%

Mar 2025—

Jun 2025-59%

Sep 202534%

Dec 202589%

Mar 2026192%

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-11%

Sep 202236%

Dec 202225%

Mar 202329%

Jun 202337%

Sep 202311%

Dec 2023-7.8%

Mar 20245.9%

Jun 202412%

Sep 20245.8%

Dec 202473%

Mar 2025-0.2%

Jun 2025-15%

Sep 20253.4%

Dec 20253.7%

Mar 20266.2%

Jun 2026—

Westlake Corporation · WLK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202263%

Sep 2022-34%

Dec 2022-62%

Mar 2023-47%

Jun 2023-65%

Sep 2023-28%

Dec 2023-296%

Mar 2024-55%

Jun 20245.2%

Sep 2024-59%

Dec 2024—

Mar 2025-119%

Jun 2025-141%

Sep 2025-743%

Dec 2025-2,905%

Mar 2026—

Jun 2026—

04 · compare level, then change

Capacity Spending & Returns On It

Linde plc has the highest CAPEX among the 29 Specialty Chemicals companies compared here, at $1,342 million. Air Products and Chemicals, Inc. is next at $1,108 million. Air Products and Chemicals, Inc. has the highest CAPEX intensity at 34.9%, so level and change sit with different companies. 29 of 29 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Linde plc reports $1,342 million of CAPEX; Air Products and Chemicals, Inc. has the highest covered intensity at 34.9%. Coverage is only 29 of 29 companies and 531 reported observations, so this is partial evidence—not a complete sector rank.

LeaderLinde plc · $1,342 million

Gap21.1% versus #2 · Air Products and Chemicals, Inc.

Persistence8/8 recent comparable periods

Coverage29/29 companies · 531 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

CAPEXlargest spenders

1Linde plc LIN$1.3B

2Air Products and Chemicals, Inc. APD$1.1B

3Ecolab Inc. ECL$349M

4LyondellBasell Industries N.V. LYB$269M

5Westlake Corporation WLK$209M

CAPEX intensityhighest reinvestment intensity

1Air Products and Chemicals, Inc. APD35%

2Linde plc LIN15%

3Sociedad Química y Minera de Chile S.A. SQM10%

4Ecolab Inc. ECL8.6%

5Westlake Corporation WLK7.9%

Capital expenditure · company comparison

29/29 level · 29/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	CAPEX	CAPEX intensity	Reported
Linde plc LIN	$1.3B	15%	Mar 2026
Air Products and Chemicals, Inc. APD	$1.1B	35%	Mar 2026
Ecolab Inc. ECL	$349M	8.6%	Mar 2026
LyondellBasell Industries N.V. LYB	$269M	3.7%	Mar 2026
Westlake Corporation WLK	$209M	7.9%	Mar 2026
PPG Industries, Inc. PPG	$196M	5.0%	Mar 2026
Sociedad Química y Minera de Chile S.A. SQM	$178M	10%	Mar 2026
International Flavors & Fragrances Inc. IFF	$165M	6.0%	Mar 2026
The Sherwin-Williams Company SHW	$138M	2.4%	Mar 2026
Eastman Chemical Company EMN	$103M	4.7%	Mar 2026
DuPont de Nemours, Inc. DD	$102M	6.1%	Mar 2026
Albemarle Corporation ALB	$99M	6.9%	Mar 2026
Solstice Advanced Materials, Inc. SOLS	$75M	7.6%	Mar 2026
RPM International Inc. RPM	$64M	3.0%	Jun 2026
Axalta Coating Systems Ltd. AXTA	$50M	4.0%	Mar 2026
H.B. Fuller Company FUL	$47M	4.9%	Jun 2026
Cabot Corporation CBT	$45M	5.0%	Mar 2026
Sensient Technologies Corporation SXT	$39M	6.7%	Jun 2026
Element Solutions Inc ESI	$25M	3.0%	Mar 2026
NewMarket Corporation NEU	$24M	3.6%	Mar 2026
Hawkins, Inc. HWKN	$20M	7.5%	Mar 2026
Avient Corporation AVNT	$19M	2.2%	Mar 2026
Ashland Inc. ASH	$17M	3.5%	Mar 2026
Calumet, Inc. CLMT	$13M	1.3%	Mar 2026
Quaker Chemical Corporation KWR	$11M	2.3%	Mar 2026
Ingevity Corporation NGVT	$10M	3.9%	Mar 2026
Perimeter Solutions, Inc. PRM	$6M	4.8%	Mar 2026
Balchem Corporation BCPC	$6M	2.2%	Mar 2026
WD-40 Company WDFC	$1M	1.2%	Jun 2026

Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 2021$616M

Dec 2021$664M

Mar 2022$770M

Jun 2022$706M

Sep 2022$787M

Dec 2022$834M

Mar 2023$1.0B

Jun 2023$1.3B

Sep 2023$1.5B

Dec 2023$1.4B

Mar 2024$1.7B

Jun 2024$1.6B

Sep 2024$2.1B

Dec 2024$2.1B

Mar 2025$1.9B

Jun 2025$1.5B

Sep 2025$1.5B

Dec 2025$1.3B

Mar 2026$1.1B

Jun 2026—

Albemarle Corporation · ALB

Sep 2021$256M

Dec 2021—

Mar 2022$232M

Jun 2022$271M

Sep 2022$313M

Dec 2022—

Mar 2023$416M

Jun 2023$504M

Sep 2023$546M

Dec 2023$689M

Mar 2024$579M

Jun 2024$455M

Sep 2024$303M

Dec 2024$343M

Mar 2025$183M

Jun 2025$120M

Sep 2025$132M

Dec 2025$155M

Mar 2026$99M

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 2021$208M

Dec 2021$184M

Mar 2022$251M

Jun 2022$135M

Sep 2022$155M

Dec 2022$160M

Mar 2023$249M

Jun 2023$114M

Sep 2023$119M

Dec 2023$145M

Mar 2024$207M

Jun 2024$102M

Sep 2024$109M

Dec 2024$91M

Mar 2025$122M

Jun 2025$243M

Sep 2025$118M

Dec 2025$150M

Mar 2026$102M

Jun 2026—

Ecolab Inc. · ECL

Sep 2021$178M

Dec 2021$219M

Mar 2022$149M

Jun 2022$169M

Sep 2022$193M

Dec 2022$203M

Mar 2023$174M

Jun 2023$172M

Sep 2023$167M

Dec 2023$263M

Mar 2024$202M

Jun 2024$197M

Sep 2024$236M

Dec 2024$360M

Mar 2025$238M

Jun 2025$217M

Sep 2025$262M

Dec 2025$332M

Mar 2026$349M

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 2021$77M

Dec 2021$151M

Mar 2022$132M

Jun 2022$104M

Sep 2022$108M

Dec 2022$160M

Mar 2023$175M

Jun 2023$115M

Sep 2023$100M

Dec 2023$113M

Mar 2024$118M

Jun 2024$82M

Sep 2024$103M

Dec 2024$298M

Mar 2025$179M

Jun 2025$95M

Sep 2025$132M

Dec 2025$188M

Mar 2026$165M

Jun 2026—

Linde plc · LIN

Sep 2021$741M

Dec 2021$839M

Mar 2022$649M

Jun 2022$826M

Sep 2022$762M

Dec 2022$936M

Mar 2023$829M

Jun 2023$859M

Sep 2023$948M

Dec 2023$1.2B

Mar 2024$1.0B

Jun 2024$1.1B

Sep 2024$1.1B

Dec 2024$1.3B

Mar 2025$1.3B

Jun 2025$1.3B

Sep 2025$1.3B

Dec 2025$1.5B

Mar 2026$1.3B

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 2021$514M

Dec 2021$674M

Mar 2022$446M

Jun 2022$532M

Sep 2022$439M

Dec 2022$473M

Mar 2023$352M

Jun 2023$301M

Sep 2023$394M

Dec 2023$484M

Mar 2024$483M

Jun 2024$484M

Sep 2024$368M

Dec 2024$504M

Mar 2025$483M

Jun 2025$539M

Sep 2025$406M

Dec 2025$450M

Mar 2026$269M

Jun 2026—

PPG Industries, Inc. · PPG

Sep 2021$78M

Dec 2021$151M

Mar 2022$194M

Jun 2022$70M

Sep 2022$104M

Dec 2022$150M

Mar 2023$120M

Jun 2023$122M

Sep 2023$139M

Dec 2023$168M

Mar 2024$252M

Jun 2024$115M

Sep 2024$146M

Dec 2024$208M

Mar 2025$209M

Jun 2025$121M

Sep 2025$147M

Dec 2025$301M

Mar 2026$196M

Jun 2026—

RPM International Inc. · RPM

Sep 2021$52M

Dec 2021$50M

Mar 2022$51M

Jun 2022$70M

Sep 2022$58M

Dec 2022$56M

Mar 2023$66M

Jun 2023$75M

Sep 2023$52M

Dec 2023$37M

Mar 2024$49M

Jun 2024$76M

Sep 2024$51M

Dec 2024$50M

Mar 2025$58M

Jun 2025$71M

Sep 2025$62M

Dec 2025$49M

Mar 2026$48M

Jun 2026$64M

Sociedad Química y Minera de Chile S.A. · SQM

Sep 2021$123M

Dec 2021$182M

Mar 2022$183M

Jun 2022$216M

Sep 2022$229M

Dec 2022$288M

Mar 2023$248M

Jun 2023$277M

Sep 2023$285M

Dec 2023$306M

Mar 2024$175M

Jun 2024$226M

Sep 2024$223M

Dec 2024$358M

Mar 2025$179M

Jun 2025$212M

Sep 2025$244M

Dec 2025$242M

Mar 2026$178M

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 2021$97M

Dec 2021$124M

Mar 2022$106M

Jun 2022$130M

Sep 2022$175M

Dec 2022$234M

Mar 2023$210M

Jun 2023$206M

Sep 2023$153M

Dec 2023$320M

Mar 2024$284M

Jun 2024$251M

Sep 2024$235M

Dec 2024$300M

Mar 2025$189M

Jun 2025$182M

Sep 2025$196M

Dec 2025$230M

Mar 2026$138M

Jun 2026—

Westlake Corporation · WLK

Sep 2021$144M

Dec 2021$244M

Mar 2022$263M

Jun 2022$230M

Sep 2022$318M

Dec 2022$297M

Mar 2023$267M

Jun 2023$240M

Sep 2023$245M

Dec 2023$282M

Mar 2024$272M

Jun 2024$231M

Sep 2024$220M

Dec 2024$285M

Mar 2025$248M

Jun 2025$267M

Sep 2025$239M

Dec 2025$241M

Mar 2026$209M

Jun 2026—

CAPEX intensity · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 202122%

Dec 202122%

Mar 202226%

Jun 202222%

Sep 202222%

Dec 202226%

Mar 202332%

Jun 202344%

Sep 202346%

Dec 202348%

Mar 202457%

Jun 202454%

Sep 202465%

Dec 202472%

Mar 202565%

Jun 202550%

Sep 202548%

Dec 202540%

Mar 202635%

Jun 2026—

Albemarle Corporation · ALB

Sep 202131%

Dec 2021—

Mar 202221%

Jun 202218%

Sep 202215%

Dec 2022—

Mar 202316%

Jun 202321%

Sep 202324%

Dec 202329%

Mar 202443%

Jun 202432%

Sep 202422%

Dec 2024—

Mar 202517%

Jun 20259.0%

Sep 202510%

Dec 2025—

Mar 20266.9%

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 20216.5%

Dec 20215.7%

Mar 20227.7%

Jun 20224.1%

Sep 20224.7%

Dec 20225.2%

Mar 20238.3%

Jun 20233.7%

Sep 20233.9%

Dec 20235.0%

Mar 20247.1%

Jun 20243.2%

Sep 20243.8%

Dec 20245.4%

Mar 20257.6%

Jun 20257.5%

Sep 20253.8%

Dec 20258.9%

Mar 20266.1%

Jun 2026—

Ecolab Inc. · ECL

Sep 20215.4%

Dec 20216.5%

Mar 20224.6%

Jun 20224.7%

Sep 20225.3%

Dec 20225.5%

Mar 20234.9%

Jun 20234.5%

Sep 20234.2%

Dec 20236.7%

Mar 20245.4%

Jun 20244.9%

Sep 20245.9%

Dec 20249.0%

Mar 20256.4%

Jun 20255.4%

Sep 20256.3%

Dec 20257.9%

Mar 20268.6%

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 20212.5%

Dec 20215.0%

Mar 20224.1%

Jun 20223.1%

Sep 20223.5%

Dec 20225.6%

Mar 20235.8%

Jun 20233.9%

Sep 20233.5%

Dec 20234.2%

Mar 20244.1%

Jun 20242.8%

Sep 20243.5%

Dec 202411%

Mar 20256.3%

Jun 20253.4%

Sep 20254.9%

Dec 20257.3%

Mar 20266.0%

Jun 2026—

Linde plc · LIN

Sep 20219.7%

Dec 202110%

Mar 20227.9%

Jun 20229.8%

Sep 20228.7%

Dec 202212%

Mar 202310%

Jun 202311%

Sep 202312%

Dec 202314%

Mar 202413%

Jun 202414%

Sep 202413%

Dec 202415%

Mar 202516%

Jun 202515%

Sep 202515%

Dec 202517%

Mar 202615%

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 20214.0%

Dec 20215.3%

Mar 20223.4%

Jun 20223.6%

Sep 20223.6%

Dec 20224.6%

Mar 20233.4%

Jun 20232.9%

Sep 20233.7%

Dec 20234.9%

Mar 20245.8%

Jun 20245.6%

Sep 20244.3%

Dec 20246.5%

Mar 20256.3%

Jun 20257.0%

Sep 20255.3%

Dec 20256.3%

Mar 20263.7%

Jun 2026—

PPG Industries, Inc. · PPG

Sep 20211.8%

Dec 20213.6%

Mar 20224.5%

Jun 20221.5%

Sep 20222.3%

Dec 20223.6%

Mar 20232.7%

Jun 20232.5%

Sep 20233.0%

Dec 20233.9%

Mar 20246.5%

Jun 20242.7%

Sep 20243.6%

Dec 20245.6%

Mar 20255.7%

Jun 20252.9%

Sep 20253.6%

Dec 20257.7%

Mar 20265.0%

Jun 2026—

RPM International Inc. · RPM

Sep 20213.2%

Dec 20213.0%

Mar 20223.6%

Jun 20223.5%

Sep 20223.0%

Dec 20223.1%

Mar 20234.4%

Jun 20233.7%

Sep 20232.6%

Dec 20232.1%

Mar 20243.2%

Jun 20243.8%

Sep 20242.6%

Dec 20242.7%

Mar 20253.9%

Jun 20253.4%

Sep 20252.9%

Dec 20252.6%

Mar 20263.0%

Jun 2026—

Sociedad Química y Minera de Chile S.A. · SQM

Sep 202119%

Dec 202117%

Mar 20229.1%

Jun 20228.3%

Sep 20227.7%

Dec 20229.2%

Mar 202311%

Jun 202314%

Sep 202316%

Dec 202323%

Mar 202416%

Jun 202418%

Sep 202421%

Dec 202433%

Mar 202517%

Jun 202520%

Sep 202521%

Dec 202518%

Mar 202610%

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 20211.9%

Dec 20212.6%

Mar 20222.1%

Jun 20222.2%

Sep 20222.9%

Dec 20224.5%

Mar 20233.9%

Jun 20233.3%

Sep 20232.5%

Dec 20236.1%

Mar 20245.3%

Jun 20244.0%

Sep 20243.8%

Dec 20245.7%

Mar 20253.6%

Jun 20252.9%

Sep 20253.1%

Dec 20254.1%

Mar 20262.4%

Jun 2026—

Westlake Corporation · WLK

Sep 20214.7%

Dec 20217.0%

Mar 20226.5%

Jun 20225.1%

Sep 20228.0%

Dec 20229.0%

Mar 20238.0%

Jun 20237.4%

Sep 20237.9%

Dec 202310%

Mar 20249.1%

Jun 20247.2%

Sep 20247.1%

Dec 202410%

Mar 20258.7%

Jun 20259.0%

Sep 20258.4%

Dec 20259.5%

Mar 20267.9%

Jun 2026—

Annual capital allocation · 6-year view

29/29 capacity base · 29/29 OCF · 29/29 CAPEX · 29/29 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Jun 2021—

Dec 2021$13.3B

Dec 2022$14.9B

Dec 2023$18.4B

Dec 2024$24.4B

Dec 2025$26.3B

Albemarle Corporation · ALB

Jun 2021—

Dec 2021$1.2B

Dec 2022$1.3B

Dec 2023$1.9B

Dec 2024$2.2B

Dec 2025$8.6B

DuPont de Nemours, Inc. · DD

Jun 2021—

Dec 2021$5.8B

Dec 2022$5.7B

Dec 2023$5.9B

Dec 2024$3.5B

Dec 2025$3.5B

Ecolab Inc. · ECL

Jun 2021—

Dec 2021$3.7B

Dec 2022$3.7B

Dec 2023$4.0B

Dec 2024$4.5B

Dec 2025$5.0B

International Flavors & Fragrances Inc. · IFF

Jun 2021—

Dec 2021$5.1B

Dec 2022$4.9B

Dec 2023$4.9B

Dec 2024$4.3B

Dec 2025$4.6B

Linde plc · LIN

Jun 2021—

Dec 2021$26.0B

Dec 2022$23.5B

Dec 2023$24.6B

Dec 2024$24.8B

Dec 2025$28.3B

LyondellBasell Industries N.V. · LYB

Jun 2021—

Dec 2021$20.6B

Dec 2022$17.1B

Dec 2023$17.1B

Dec 2024$16.5B

Dec 2025$17.3B

PPG Industries, Inc. · PPG

Jun 2021—

Dec 2021$4.3B

Dec 2022$4.2B

Dec 2023$4.0B

Dec 2024$4.1B

Dec 2025$4.6B

RPM International Inc. · RPM

Jun 2021$1.3B

Dec 2021$1.4B

Dec 2022$1.6B

Dec 2023$1.7B

Dec 2024$1.8B

Dec 2025$2.0B

Sociedad Química y Minera de Chile S.A. · SQM

Jun 2021—

Dec 2021$2.1B

Dec 2022$2.8B

Dec 2023$3.7B

Dec 2024$4.5B

Dec 2025$4.9B

The Sherwin-Williams Company · SHW

Jun 2021—

Dec 2021$3.7B

Dec 2022$4.1B

Dec 2023$4.7B

Dec 2024$5.5B

Dec 2025$6.1B

Westlake Corporation · WLK

Jun 2021—

Dec 2021$8.2B

Dec 2022$9.1B

Dec 2023$9.2B

Dec 2024$9.4B

Dec 2025$9.4B

Operating cash flow · fiscal-year history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Jun 2021—

Dec 2021$3.3B

Dec 2022$3.2B

Dec 2023$3.2B

Dec 2024$3.6B

Dec 2025$3.3B

Albemarle Corporation · ALB

Jun 2021—

Dec 2021$200M

Dec 2022$1.4B

Dec 2023$1.3B

Dec 2024$688M

Dec 2025$1.3B

DuPont de Nemours, Inc. · DD

Jun 2021—

Dec 2021$2.3B

Dec 2022$588M

Dec 2023$1.9B

Dec 2024$1.8B

Dec 2025$1.4B

Ecolab Inc. · ECL

Jun 2021—

Dec 2021$2.1B

Dec 2022$1.8B

Dec 2023$2.4B

Dec 2024$2.8B

Dec 2025$3.0B

International Flavors & Fragrances Inc. · IFF

Jun 2021—

Dec 2021$1.4B

Dec 2022$397M

Dec 2023$1.5B

Dec 2024$1.1B

Dec 2025$850M

Linde plc · LIN

Jun 2021—

Dec 2021$9.7B

Dec 2022$8.9B

Dec 2023$9.3B

Dec 2024$9.4B

Dec 2025$10.4B

LyondellBasell Industries N.V. · LYB

Jun 2021—

Dec 2021$7.7B

Dec 2022$6.1B

Dec 2023$4.9B

Dec 2024$3.8B

Dec 2025$2.3B

PPG Industries, Inc. · PPG

Jun 2021—

Dec 2021$1.6B

Dec 2022$963M

Dec 2023$2.4B

Dec 2024$1.4B

Dec 2025$1.9B

RPM International Inc. · RPM

Jun 2021$766M

Dec 2021$179M

Dec 2022$577M

Dec 2023$1.1B

Dec 2024$768M

Dec 2025$899M

Sociedad Química y Minera de Chile S.A. · SQM

Jun 2021—

Dec 2021$823M

Dec 2022$4.1B

Dec 2023$-197M

Dec 2024$1.3B

Dec 2025$1.3B

The Sherwin-Williams Company · SHW

Jun 2021—

Dec 2021$2.2B

Dec 2022$1.9B

Dec 2023$3.5B

Dec 2024$3.2B

Dec 2025$3.5B

Westlake Corporation · WLK

Jun 2021—

Dec 2021$2.4B

Dec 2022$3.4B

Dec 2023$2.3B

Dec 2024$1.3B

Dec 2025$465M

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Jun 2021—

Dec 2021$2.5B

Dec 2022$2.9B

Dec 2023$4.6B

Dec 2024$6.8B

Dec 2025$7.0B

Albemarle Corporation · ALB

Jun 2021—

Dec 2021$92M

Dec 2022$205M

Dec 2023$2.2B

Dec 2024$1.7B

Dec 2025$590M

DuPont de Nemours, Inc. · DD

Jun 2021—

Dec 2021$788M

Dec 2022$662M

Dec 2023$302M

Dec 2024$285M

Dec 2025$333M

Ecolab Inc. · ECL

Jun 2021—

Dec 2021$643M

Dec 2022$713M

Dec 2023$775M

Dec 2024$995M

Dec 2025$1.0B

International Flavors & Fragrances Inc. · IFF

Jun 2021—

Dec 2021$393M

Dec 2022$504M

Dec 2023$503M

Dec 2024$463M

Dec 2025$594M

Linde plc · LIN

Jun 2021—

Dec 2021$3.1B

Dec 2022$3.2B

Dec 2023$3.8B

Dec 2024$4.5B

Dec 2025$5.3B

LyondellBasell Industries N.V. · LYB

Jun 2021—

Dec 2021$2.0B

Dec 2022$1.9B

Dec 2023$1.5B

Dec 2024$1.8B

Dec 2025$1.9B

PPG Industries, Inc. · PPG

Jun 2021—

Dec 2021$371M

Dec 2022$486M

Dec 2023$516M

Dec 2024$721M

Dec 2025$778M

RPM International Inc. · RPM

Jun 2021$157M

Dec 2021$222M

Dec 2022$254M

Dec 2023$214M

Dec 2024$230M

Dec 2025$224M

Sociedad Química y Minera de Chile S.A. · SQM

Jun 2021—

Dec 2021$473M

Dec 2022$917M

Dec 2023$1.1B

Dec 2024$982M

Dec 2025$877M

The Sherwin-Williams Company · SHW

Jun 2021—

Dec 2021$372M

Dec 2022$645M

Dec 2023$888M

Dec 2024$1.1B

Dec 2025$798M

Westlake Corporation · WLK

Jun 2021—

Dec 2021$658M

Dec 2022$1.1B

Dec 2023$1.0B

Dec 2024$1.0B

Dec 2025$995M

Free cash flow · fiscal-year history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Jun 2021—

Dec 2021$871M

Dec 2022$244M

Dec 2023$-1.4B

Dec 2024$-3.2B

Dec 2025$-3.8B

Albemarle Corporation · ALB

Jun 2021—

Dec 2021$108M

Dec 2022$1.2B

Dec 2023$-828M

Dec 2024$-993M

Dec 2025$692M

DuPont de Nemours, Inc. · DD

Jun 2021—

Dec 2021$1.5B

Dec 2022$-74M

Dec 2023$1.6B

Dec 2024$1.6B

Dec 2025$1.1B

Ecolab Inc. · ECL

Jun 2021—

Dec 2021$1.4B

Dec 2022$1.1B

Dec 2023$1.6B

Dec 2024$1.8B

Dec 2025$1.9B

International Flavors & Fragrances Inc. · IFF

Jun 2021—

Dec 2021$1.0B

Dec 2022$-107M

Dec 2023$952M

Dec 2024$607M

Dec 2025$256M

Linde plc · LIN

Jun 2021—

Dec 2021$6.6B

Dec 2022$5.7B

Dec 2023$5.5B

Dec 2024$4.9B

Dec 2025$5.1B

LyondellBasell Industries N.V. · LYB

Jun 2021—

Dec 2021$5.7B

Dec 2022$4.2B

Dec 2023$3.4B

Dec 2024$2.0B

Dec 2025$384M

PPG Industries, Inc. · PPG

Jun 2021—

Dec 2021$1.2B

Dec 2022$477M

Dec 2023$1.9B

Dec 2024$699M

Dec 2025$1.2B

RPM International Inc. · RPM

Jun 2021$609M

Dec 2021$-44M

Dec 2022$323M

Dec 2023$908M

Dec 2024$538M

Dec 2025$675M

Sociedad Química y Minera de Chile S.A. · SQM

Jun 2021—

Dec 2021$350M

Dec 2022$3.2B

Dec 2023$-1.3B

Dec 2024$292M

Dec 2025$438M

The Sherwin-Williams Company · SHW

Jun 2021—

Dec 2021$1.9B

Dec 2022$1.3B

Dec 2023$2.6B

Dec 2024$2.1B

Dec 2025$2.7B

Westlake Corporation · WLK

Jun 2021—

Dec 2021$1.7B

Dec 2022$2.3B

Dec 2023$1.3B

Dec 2024$306M

Dec 2025$-530M

05 · compare level, then change

Debt Load & Balance-Sheet Headroom

WD-40 Company has the lowest Gross debt among the 29 Specialty Chemicals companies compared here, at $111 million. Balchem Corporation is next at $185 million. The same company also holds the lowest Net debt, at $52 million. 29 of 29 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: WD-40 Company has the clearest covered balance-sheet capacity with $52 million and gross debt of $111 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderWD-40 Company · $111 million

Gap40% versus #2 · Balchem Corporation

Persistence0/8 recent comparable periods

Coverage29/29 companies · 532 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

Gross debtlowest gross debt

1WD-40 Company WDFC$111M

2Balchem Corporation BCPC$185M

3Hawkins, Inc. HWKN$261M

4Sensient Technologies Corporation SXT$764M

5Quaker Chemical Corporation KWR$897M

Net debtlowest net debt

1WD-40 Company WDFC$52M

2Balchem Corporation BCPC$112M

3Hawkins, Inc. HWKN$257M

4Quaker Chemical Corporation KWR$727M

5Sensient Technologies Corporation SXT$733M

Debt and balance-sheet capacity · company comparison

29/29 level · 29/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Gross debt	Net debt	Reported
Linde plc LIN	$26.3B	$22.4B	Mar 2026
Air Products and Chemicals, Inc. APD	$18.4B	$17.4B	Mar 2026
LyondellBasell Industries N.V. LYB	$14.3B	$11.6B	Mar 2026
The Sherwin-Williams Company SHW	$13.8B	$13.6B	Mar 2026
Ecolab Inc. ECL	$9.1B	$8.6B	Mar 2026
PPG Industries, Inc. PPG	$7.7B	$6.1B	Mar 2026
International Flavors & Fragrances Inc. IFF	$6.3B	$5.8B	Mar 2026
Westlake Corporation WLK	$6.2B	$3.8B	Mar 2026
Eastman Chemical Company EMN	$5.2B	$4.6B	Mar 2026
Sociedad Química y Minera de Chile S.A. SQM	$5.2B	$1.3B	Mar 2026
DuPont de Nemours, Inc. DD	$3.2B	$2.5B	Mar 2026
Axalta Coating Systems Ltd. AXTA	$3.1B	$2.5B	Mar 2026
RPM International Inc. RPM	$2.9B	$2.6B	Jun 2026
Calumet, Inc. CLMT	$2.3B	$2.2B	Mar 2026
Element Solutions Inc ESI	$2.2B	$2.0B	Mar 2026
Solstice Advanced Materials, Inc. SOLS	$2.1B	$1.4B	Mar 2026
H.B. Fuller Company FUL	$2.1B	$2.0B	Jun 2026
Avient Corporation AVNT	$1.9B	$1.5B	Mar 2026
Albemarle Corporation ALB	$1.9B	$792M	Mar 2026
Ashland Inc. ASH	$1.5B	$1.1B	Mar 2026
Cabot Corporation CBT	$1.3B	$1.0B	Mar 2026
Perimeter Solutions, Inc. PRM	$1.2B	$1.2B	Mar 2026
Ingevity Corporation NGVT	$1.2B	$1.2B	Mar 2026
NewMarket Corporation NEU	$1.0B	$947M	Mar 2026
Quaker Chemical Corporation KWR	$897M	$727M	Mar 2026
Sensient Technologies Corporation SXT	$764M	$733M	Jun 2026
Hawkins, Inc. HWKN	$261M	$257M	Mar 2026
Balchem Corporation BCPC	$185M	$112M	Mar 2026
WD-40 Company WDFC	$111M	$52M	Jun 2026

Full 20-quarter history · every available company

Gross debt · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 2021$7.6B

Dec 2021$7.4B

Mar 2022$7.4B

Jun 2022$7.6B

Sep 2022$8.2B

Dec 2022$8.7B

Mar 2023$9.8B

Jun 2023$10.0B

Sep 2023$10.9B

Dec 2023$12.7B

Mar 2024$14.3B

Jun 2024$14.7B

Sep 2024$14.9B

Dec 2024$15.1B

Mar 2025$16.5B

Jun 2025$18.3B

Sep 2025$18.3B

Dec 2025$18.1B

Mar 2026$18.4B

Jun 2026—

Albemarle Corporation · ALB

Sep 2021$2.0B

Dec 2021$494M

Mar 2022$2.5B

Jun 2022$3.5B

Sep 2022$3.4B

Dec 2022$950M

Mar 2023$3.2B

Jun 2023$3.5B

Sep 2023$3.7B

Dec 2023$1.0B

Mar 2024$3.5B

Jun 2024$3.5B

Sep 2024$3.6B

Dec 2024$1.2B

Mar 2025$3.5B

Jun 2025$3.6B

Sep 2025$3.6B

Dec 2025$3.2B

Mar 2026$1.9B

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 2021$10.6B

Dec 2021$10.8B

Mar 2022$11.0B

Jun 2022$11.3B

Sep 2022$11.9B

Dec 2022$8.1B

Mar 2023$8.1B

Jun 2023$8.1B

Sep 2023$8.2B

Dec 2023$7.8B

Mar 2024$7.8B

Jun 2024$7.2B

Sep 2024$7.2B

Dec 2024$7.2B

Mar 2025$7.2B

Jun 2025$7.2B

Sep 2025$8.9B

Dec 2025$3.2B

Mar 2026$3.2B

Jun 2026—

Ecolab Inc. · ECL

Sep 2021$6.2B

Dec 2021$9.0B

Mar 2022$9.0B

Jun 2022$9.1B

Sep 2022$8.8B

Dec 2022$8.9B

Mar 2023$9.0B

Jun 2023$9.0B

Sep 2023$9.0B

Dec 2023$8.6B

Mar 2024$8.0B

Jun 2024$8.0B

Sep 2024$8.2B

Dec 2024$8.1B

Mar 2025$8.2B

Jun 2025$8.8B

Sep 2025$8.7B

Dec 2025$8.8B

Mar 2026$9.1B

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 2021$12.2B

Dec 2021$12.1B

Mar 2022$12.3B

Jun 2022$12.8B

Sep 2022$11.3B

Dec 2022$11.6B

Mar 2023$11.9B

Jun 2023$11.3B

Sep 2023$11.0B

Dec 2023$10.7B

Mar 2024$10.9B

Jun 2024$10.0B

Sep 2024$9.7B

Dec 2024$9.5B

Mar 2025$9.8B

Jun 2025$6.8B

Sep 2025$6.6B

Dec 2025$6.5B

Mar 2026$6.3B

Jun 2026—

Linde plc · LIN

Sep 2021$16.7B

Dec 2021$14.2B

Mar 2022$16.5B

Jun 2022$16.0B

Sep 2022$15.3B

Dec 2022$17.9B

Mar 2023$18.8B

Jun 2023$17.5B

Sep 2023$18.0B

Dec 2023$19.4B

Mar 2024$20.3B

Jun 2024$21.5B

Sep 2024$22.3B

Dec 2024$21.6B

Mar 2025$23.9B

Jun 2025$25.9B

Sep 2025$25.9B

Dec 2025$27.0B

Mar 2026$26.3B

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 2021$15.0B

Dec 2021$898M

Mar 2022$12.9B

Jun 2022$13.0B

Sep 2022$12.8B

Dec 2022$12.8B

Mar 2023$12.9B

Jun 2023$13.0B

Sep 2023$12.5B

Dec 2023$12.6B

Mar 2024$12.6B

Jun 2024$12.6B

Sep 2024$12.6B

Dec 2024$12.6B

Mar 2025$12.7B

Jun 2025$13.2B

Sep 2025$13.2B

Dec 2025$14.3B

Mar 2026$14.3B

Jun 2026—

PPG Industries, Inc. · PPG

Sep 2021$7.7B

Dec 2021$7.5B

Mar 2022$8.0B

Jun 2022$7.9B

Sep 2022$7.6B

Dec 2022$7.6B

Mar 2023$8.1B

Jun 2023$7.7B

Sep 2023$7.0B

Dec 2023$6.6B

Mar 2024$7.0B

Jun 2024$7.2B

Sep 2024$7.3B

Dec 2024$6.4B

Mar 2025$7.9B

Jun 2025$7.9B

Sep 2025$7.9B

Dec 2025$7.9B

Mar 2026$7.7B

Jun 2026—

RPM International Inc. · RPM

Sep 2021$2.7B

Dec 2021$2.7B

Mar 2022$2.9B

Jun 2022$3.0B

Sep 2022$3.1B

Dec 2022$3.1B

Mar 2023$3.1B

Jun 2023$3.0B

Sep 2023$2.8B

Dec 2023$2.5B

Mar 2024$2.5B

Jun 2024$2.4B

Sep 2024$2.4B

Dec 2024$2.3B

Mar 2025$2.4B

Jun 2025$3.0B

Sep 2025$3.0B

Dec 2025$2.9B

Mar 2026$2.9B

Jun 2026$2.9B

Sociedad Química y Minera de Chile S.A. · SQM

Sep 2021$2.7B

Dec 2021$2.7B

Mar 2022$2.7B

Jun 2022$2.7B

Sep 2022$2.7B

Dec 2022$3.0B

Mar 2023$3.0B

Jun 2023$3.5B

Sep 2023$3.7B

Dec 2023$4.5B

Mar 2024$4.5B

Jun 2024$4.5B

Sep 2024$4.9B

Dec 2024$4.8B

Mar 2025$4.7B

Jun 2025$4.8B

Sep 2025$4.7B

Dec 2025$4.8B

Mar 2026$5.2B

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 2021$10.8B

Dec 2021$11.5B

Mar 2022$12.5B

Jun 2022$12.5B

Sep 2022$12.4B

Dec 2022$12.5B

Mar 2023$13.0B

Jun 2023$12.3B

Sep 2023$11.9B

Dec 2023$11.8B

Mar 2024$12.7B

Jun 2024$12.3B

Sep 2024$12.1B

Dec 2024$11.9B

Mar 2025$12.8B

Jun 2025$12.8B

Sep 2025$13.6B

Dec 2025$12.9B

Mar 2026$13.8B

Jun 2026—

Westlake Corporation · WLK

Sep 2021$5.6B

Dec 2021$5.6B

Mar 2022$5.7B

Jun 2022$5.4B

Sep 2022$5.3B

Dec 2022$5.4B

Mar 2023$5.4B

Jun 2023$5.4B

Sep 2023$5.4B

Dec 2023$5.5B

Mar 2024$5.5B

Jun 2024$5.6B

Sep 2024$5.3B

Dec 2024$5.3B

Mar 2025$5.3B

Jun 2025$5.4B

Sep 2025$5.4B

Dec 2025$6.3B

Mar 2026$6.2B

Jun 2026—

Net debt · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 2021$1.8B

Dec 2021$3.7B

Mar 2022$4.2B

Jun 2022$4.3B

Sep 2022$4.9B

Dec 2022$5.5B

Mar 2023$7.3B

Jun 2023$8.1B

Sep 2023$9.0B

Dec 2023$10.5B

Mar 2024$11.6B

Jun 2024$12.2B

Sep 2024$11.9B

Dec 2024$13.2B

Mar 2025$14.9B

Jun 2025$16.0B

Sep 2025$16.5B

Dec 2025$17.1B

Mar 2026$17.4B

Jun 2026—

Albemarle Corporation · ALB

Sep 2021$1.4B

Dec 2021$483M

Mar 2022$2.0B

Jun 2022$2.5B

Sep 2022$2.0B

Dec 2022$913M

Mar 2023$1.6B

Jun 2023$1.9B

Sep 2023$2.1B

Dec 2023$813M

Mar 2024$1.5B

Jun 2024$1.7B

Sep 2024$1.9B

Dec 2024$1.0B

Mar 2025$2.0B

Jun 2025$1.8B

Sep 2025$1.7B

Dec 2025$1.6B

Mar 2026$792M

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 2021$9.0B

Dec 2021$8.8B

Mar 2022$9.4B

Jun 2022$9.8B

Sep 2022$10.1B

Dec 2022$3.1B

Mar 2023$3.3B

Jun 2023$3.2B

Sep 2023$6.9B

Dec 2023$5.4B

Mar 2024$5.8B

Jun 2024$5.7B

Sep 2024$5.5B

Dec 2024$5.4B

Mar 2025$5.4B

Jun 2025$5.3B

Sep 2025$6.9B

Dec 2025$2.5B

Mar 2026$2.5B

Jun 2026—

Ecolab Inc. · ECL

Sep 2021$5.3B

Dec 2021$8.7B

Mar 2022$8.9B

Jun 2022$9.0B

Sep 2022$8.7B

Dec 2022$8.3B

Mar 2023$8.5B

Jun 2023$8.4B

Sep 2023$8.0B

Dec 2023$7.7B

Mar 2024$7.5B

Jun 2024$7.6B

Sep 2024$6.9B

Dec 2024$6.9B

Mar 2025$7.0B

Jun 2025$6.9B

Sep 2025$6.7B

Dec 2025$8.2B

Mar 2026$8.6B

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 2021$12.1B

Dec 2021$12.1B

Mar 2022$12.3B

Jun 2022$12.8B

Sep 2022$11.3B

Dec 2022$11.6B

Mar 2023$11.8B

Jun 2023$11.2B

Sep 2023$10.9B

Dec 2023$10.0B

Mar 2024$10.9B

Jun 2024$9.3B

Sep 2024$9.1B

Dec 2024$9.1B

Mar 2025$9.2B

Jun 2025$5.9B

Sep 2025$6.0B

Dec 2025$5.9B

Mar 2026$5.8B

Jun 2026—

Linde plc · LIN

Sep 2021$12.0B

Dec 2021$11.4B

Mar 2022$12.0B

Jun 2022$12.4B

Sep 2022$11.6B

Dec 2022$12.5B

Mar 2023$13.8B

Jun 2023$14.1B

Sep 2023$14.1B

Dec 2023$14.7B

Mar 2024$15.5B

Jun 2024$16.9B

Sep 2024$17.1B

Dec 2024$16.8B

Mar 2025$18.6B

Jun 2025$21.1B

Sep 2025$21.4B

Dec 2025$21.9B

Mar 2026$22.4B

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 2021$13.1B

Dec 2021$-737M

Mar 2022$11.1B

Jun 2022$12.0B

Sep 2022$11.4B

Dec 2022$10.7B

Mar 2023$11.1B

Jun 2023$10.6B

Sep 2023$9.7B

Dec 2023$9.3B

Mar 2024$10.3B

Jun 2024$9.7B

Sep 2024$10.0B

Dec 2024$9.2B

Mar 2025$10.8B

Jun 2025$11.5B

Sep 2025$11.4B

Dec 2025$10.8B

Mar 2026$11.6B

Jun 2026—

PPG Industries, Inc. · PPG

Sep 2021$6.4B

Dec 2021$6.4B

Mar 2022$7.0B

Jun 2022$6.9B

Sep 2022$6.5B

Dec 2022$6.5B

Mar 2023$6.6B

Jun 2023$6.4B

Sep 2023$5.7B

Dec 2023$5.0B

Mar 2024$5.8B

Jun 2024$6.0B

Sep 2024$5.9B

Dec 2024$5.0B

Mar 2025$6.0B

Jun 2025$6.3B

Sep 2025$6.0B

Dec 2025$5.7B

Mar 2026$6.1B

Jun 2026—

RPM International Inc. · RPM

Sep 2021$2.5B

Dec 2021$2.5B

Mar 2022$2.7B

Jun 2022$2.8B

Sep 2022$2.9B

Dec 2022$2.9B

Mar 2023$2.9B

Jun 2023$2.8B

Sep 2023$2.5B

Dec 2023$2.3B

Mar 2024$2.2B

Jun 2024$2.2B

Sep 2024$2.1B

Dec 2024$2.1B

Mar 2025$2.2B

Jun 2025$2.7B

Sep 2025$2.7B

Dec 2025$2.6B

Mar 2026$2.6B

Jun 2026$2.6B

Sociedad Química y Minera de Chile S.A. · SQM

Sep 2021$70M

Dec 2021$259M

Mar 2022$-625M

Jun 2022$49M

Sep 2022$-1.1B

Dec 2022$-638M

Mar 2023$162M

Jun 2023$800M

Sep 2023$922M

Dec 2023$2.2B

Mar 2024$2.2B

Jun 2024$2.4B

Sep 2024$2.3B

Dec 2024$2.4B

Mar 2025$2.4B

Jun 2025$2.5B

Sep 2025$2.3B

Dec 2025$2.0B

Mar 2026$1.3B

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 2021$10.5B

Dec 2021$11.3B

Mar 2022$12.1B

Jun 2022$12.2B

Sep 2022$12.3B

Dec 2022$12.3B

Mar 2023$12.8B

Jun 2023$12.1B

Sep 2023$11.4B

Dec 2023$11.5B

Mar 2024$12.5B

Jun 2024$12.1B

Sep 2024$11.9B

Dec 2024$11.7B

Mar 2025$12.6B

Jun 2025$12.5B

Sep 2025$13.3B

Dec 2025$12.7B

Mar 2026$13.6B

Jun 2026—

Westlake Corporation · WLK

Sep 2021$2.0B

Dec 2021$3.7B

Mar 2022$4.6B

Jun 2022$4.0B

Sep 2022$3.5B

Dec 2022$3.2B

Mar 2023$3.0B

Jun 2023$2.8B

Sep 2023$2.4B

Dec 2023$2.2B

Mar 2024$2.4B

Jun 2024$2.5B

Sep 2024$2.4B

Dec 2024$2.4B

Mar 2025$2.8B

Jun 2025$3.1B

Sep 2025$3.2B

Dec 2025$3.3B

Mar 2026$3.8B

Jun 2026—

06 · compare level, then change

Return On Capital Employed

WD-40 Company has the highest ROCE among the 29 Specialty Chemicals companies compared here, at 10.8%. Solstice Advanced Materials, Inc. is next at 8.1%. Air Products and Chemicals, Inc. has the highest ROCE change at +9.2 percentage points, so level and change sit with different companies. 29 of 29 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: WD-40 Company leads ROCE at 10.8%, 2.7 percentage points above Solstice Advanced Materials, Inc.. Air Products and Chemicals, Inc. has the strongest latest improvement at +9.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderWD-40 Company · 10.8%

Gap33.3% versus #2 · Solstice Advanced Materials, Inc.

Persistence5/8 recent comparable periods

Coverage29/29 companies · 531 observations

Investor read: WD-40 Company sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1WD-40 Company WDFC11%

2Solstice Advanced Materials, Inc. SOLS8.1%

3Sociedad Química y Minera de Chile S.A. SQM6.3%

4NewMarket Corporation NEU4.8%

5RPM International Inc. RPM4.8%

ROCE changefastest improvers

1Air Products and Chemicals, Inc. APD+9.2 pp

2International Flavors & Fragrances Inc. IFF+4.8 pp

3Sociedad Química y Minera de Chile S.A. SQM+3.5 pp

4WD-40 Company WDFC+3.0 pp

5Avient Corporation AVNT+1.9 pp

Return on capital · company comparison

29/29 level · 29/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	ROCE	ROCE change	Reported
WD-40 Company WDFC	11%	+3.0 pp	Jun 2026
Solstice Advanced Materials, Inc. SOLS	8.1%	−6.3 pp	Mar 2026
Sociedad Química y Minera de Chile S.A. SQM	6.3%	+3.5 pp	Mar 2026
RPM International Inc. RPM	4.8%	−0.1 pp	Jun 2026
NewMarket Corporation NEU	4.8%	−0.9 pp	Mar 2026
The Sherwin-Williams Company SHW	4.5%	−0.1 pp	Mar 2026
Cabot Corporation CBT	4.5%	−1.0 pp	Mar 2026
Ingevity Corporation NGVT	4.5%	+1.5 pp	Mar 2026
Sensient Technologies Corporation SXT	3.8%	+0.7 pp	Jun 2026
Balchem Corporation BCPC	3.7%	+0.2 pp	Mar 2026
Linde plc LIN	3.5%	+0.2 pp	Mar 2026
Ecolab Inc. ECL	3.4%	+0.3 pp	Mar 2026
PPG Industries, Inc. PPG	3.3%	+0.1 pp	Mar 2026
Hawkins, Inc. HWKN	3.0%	−1.0 pp	Mar 2026
Perimeter Solutions, Inc. PRM	2.7%	−0.7 pp	Mar 2026
H.B. Fuller Company FUL	2.6%	+0.3 pp	Jun 2026
Axalta Coating Systems Ltd. AXTA	2.4%	−0.6 pp	Mar 2026
Element Solutions Inc ESI	2.3%	+0.6 pp	Mar 2026
Air Products and Chemicals, Inc. APD	2.1%	+9.2 pp	Mar 2026
Avient Corporation AVNT	1.9%	+1.9 pp	Mar 2026
Albemarle Corporation ALB	1.6%	+1.5 pp	Mar 2026
Eastman Chemical Company EMN	1.5%	−0.9 pp	Mar 2026
Quaker Chemical Corporation KWR	1.4%	+0.2 pp	Mar 2026
International Flavors & Fragrances Inc. IFF	1.2%	+4.8 pp	Mar 2026
LyondellBasell Industries N.V. LYB	0.9%	+0.5 pp	Mar 2026
Ashland Inc. ASH	0.9%	−0.1 pp	Mar 2026
DuPont de Nemours, Inc. DD	0.7%	+0.4 pp	Mar 2026
Westlake Corporation WLK	-1.0%	−0.8 pp	Mar 2026
Calumet, Inc. CLMT	-9.1%	−6.2 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 20212.6%

Dec 20212.2%

Mar 20222.4%

Jun 20222.6%

Sep 20222.6%

Dec 20222.6%

Mar 20231.8%

Jun 20232.5%

Sep 20232.8%

Dec 20232.4%

Mar 20242.2%

Jun 20242.5%

Sep 20247.6%

Dec 20241.9%

Mar 2025-7.1%

Jun 20252.3%

Sep 20250.0%

Dec 20252.0%

Mar 20262.1%

Jun 2026—

Albemarle Corporation · ALB

Sep 20211.5%

Dec 2021-2.3%

Mar 20223.3%

Jun 20224.2%

Sep 20228.7%

Dec 202245%

Mar 20239.4%

Jun 20231.1%

Sep 2023-1.1%

Dec 2023-36%

Mar 2024-1.2%

Jun 2024-3.2%

Sep 2024-7.3%

Dec 20240.2%

Mar 20250.1%

Jun 20250.3%

Sep 2025-1.4%

Dec 2025-2.5%

Mar 20261.6%

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 20210.8%

Dec 20210.6%

Mar 20220.9%

Jun 20221.2%

Sep 20221.5%

Dec 20220.6%

Mar 20231.0%

Jun 20231.1%

Sep 20231.2%

Dec 20230.8%

Mar 20240.9%

Jun 20241.3%

Sep 20241.2%

Dec 20240.4%

Mar 20250.3%

Jun 20251.1%

Sep 20251.1%

Dec 20250.4%

Mar 20260.7%

Jun 2026—

Ecolab Inc. · ECL

Sep 20213.1%

Dec 20212.4%

Mar 20221.6%

Jun 20222.6%

Sep 20223.0%

Dec 20222.3%

Mar 20232.1%

Jun 20232.8%

Sep 20233.3%

Dec 20233.4%

Mar 20243.0%

Jun 20243.8%

Sep 20246.0%

Dec 20243.3%

Mar 20253.1%

Jun 20253.9%

Sep 20254.1%

Dec 20253.9%

Mar 20263.4%

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 20211.2%

Dec 20210.7%

Mar 20220.9%

Jun 20220.6%

Sep 2022-5.9%

Dec 20220.3%

Mar 20230.4%

Jun 20230.4%

Sep 20230.5%

Dec 2023-8.6%

Mar 20240.7%

Jun 20240.7%

Sep 20240.9%

Dec 20240.5%

Mar 2025-3.6%

Jun 20250.8%

Sep 20250.9%

Dec 20250.4%

Mar 20261.2%

Jun 2026—

Linde plc · LIN

Sep 20211.8%

Dec 20211.9%

Mar 20222.1%

Jun 20220.9%

Sep 20222.5%

Dec 20222.6%

Mar 20233.0%

Jun 20233.2%

Sep 20233.3%

Dec 20233.2%

Mar 20243.3%

Jun 20243.3%

Sep 20243.2%

Dec 20243.5%

Mar 20253.3%

Jun 20253.4%

Sep 20253.4%

Dec 20252.9%

Mar 20263.5%

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 20217.7%

Dec 20213.0%

Mar 20225.6%

Jun 20227.1%

Sep 20222.7%

Dec 20221.6%

Mar 20232.4%

Jun 20233.4%

Sep 20233.5%

Dec 20231.1%

Mar 20242.2%

Jun 20243.3%

Sep 20242.8%

Dec 2024-2.0%

Mar 20250.4%

Jun 20250.9%

Sep 2025-2.5%

Dec 2025-0.3%

Mar 20260.9%

Jun 2026—

PPG Industries, Inc. · PPG

Sep 20212.7%

Dec 20211.6%

Mar 20220.5%

Jun 20223.6%

Sep 20222.8%

Dec 20222.4%

Mar 20232.3%

Jun 20234.1%

Sep 20233.6%

Dec 20232.3%

Mar 20243.2%

Jun 20244.0%

Sep 20243.6%

Dec 20243.1%

Mar 20253.2%

Jun 20253.8%

Sep 20253.5%

Dec 20252.9%

Mar 20263.3%

Jun 2026—

RPM International Inc. · RPM

Sep 20214.0%

Dec 20213.0%

Mar 20221.4%

Jun 20225.0%

Sep 20225.1%

Dec 20223.8%

Mar 20231.0%

Jun 20234.7%

Sep 20235.5%

Dec 20234.1%

Mar 20241.8%

Jun 20245.0%

Sep 20245.6%

Dec 20244.3%

Mar 20251.2%

Jun 20254.9%

Sep 20255.2%

Dec 20253.8%

Mar 20261.4%

Jun 20264.8%

Sociedad Química y Minera de Chile S.A. · SQM

Sep 20213.4%

Dec 20218.7%

Mar 202222%

Jun 202222%

Sep 202224%

Dec 202222%

Mar 202314%

Jun 202312%

Sep 20239.3%

Dec 20234.4%

Mar 20243.8%

Jun 20243.8%

Sep 20242.6%

Dec 20242.7%

Mar 20252.8%

Jun 20251.8%

Sep 20253.0%

Dec 20253.6%

Mar 20266.3%

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 20214.5%

Dec 20212.9%

Mar 20223.8%

Jun 20225.8%

Sep 20226.5%

Dec 20223.8%

Mar 20234.5%

Jun 20236.8%

Sep 20236.7%

Dec 20233.9%

Mar 20244.5%

Jun 20247.6%

Sep 20246.8%

Dec 20244.2%

Mar 20254.6%

Jun 20256.6%

Sep 20256.6%

Dec 20254.4%

Mar 20264.5%

Jun 2026—

Westlake Corporation · WLK

Sep 20216.2%

Dec 20216.1%

Mar 20226.9%

Jun 20227.6%

Sep 20223.1%

Dec 20221.9%

Mar 20233.0%

Jun 20232.2%

Sep 20231.9%

Dec 2023-3.0%

Mar 20241.2%

Jun 20242.2%

Sep 20241.0%

Dec 20240.4%

Mar 2025-0.2%

Jun 2025-0.6%

Sep 2025-4.3%

Dec 2025-3.8%

Mar 2026-1.0%

Jun 2026—

ROCE change · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20220.0 pp

Dec 2022+0.4 pp

Mar 2023−0.6 pp

Jun 2023−0.1 pp

Sep 2023+0.2 pp

Dec 2023−0.2 pp

Mar 2024+0.4 pp

Jun 20240.0 pp

Sep 2024+4.8 pp

Dec 2024−0.5 pp

Mar 2025−9.3 pp

Jun 2025−0.2 pp

Sep 2025−7.6 pp

Dec 2025+0.1 pp

Mar 2026+9.2 pp

Jun 2026—

Albemarle Corporation · ALB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+7.2 pp

Dec 2022+47.2 pp

Mar 2023+6.1 pp

Jun 2023−3.1 pp

Sep 2023−9.8 pp

Dec 2023−80.4 pp

Mar 2024−10.6 pp

Jun 2024−4.3 pp

Sep 2024−6.2 pp

Dec 2024+35.7 pp

Mar 2025+1.3 pp

Jun 2025+3.5 pp

Sep 2025+5.9 pp

Dec 2025−2.7 pp

Mar 2026+1.5 pp

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.7 pp

Dec 20220.0 pp

Mar 2023+0.1 pp

Jun 2023−0.1 pp

Sep 2023−0.3 pp

Dec 2023+0.2 pp

Mar 2024−0.1 pp

Jun 2024+0.2 pp

Sep 20240.0 pp

Dec 2024−0.4 pp

Mar 2025−0.6 pp

Jun 2025−0.2 pp

Sep 2025−0.1 pp

Dec 20250.0 pp

Mar 2026+0.4 pp

Jun 2026—

Ecolab Inc. · ECL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.1 pp

Dec 2022−0.1 pp

Mar 2023+0.5 pp

Jun 2023+0.2 pp

Sep 2023+0.3 pp

Dec 2023+1.1 pp

Mar 2024+0.9 pp

Jun 2024+1.0 pp

Sep 2024+2.7 pp

Dec 2024−0.1 pp

Mar 2025+0.1 pp

Jun 2025+0.1 pp

Sep 2025−1.9 pp

Dec 2025+0.6 pp

Mar 2026+0.3 pp

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−7.1 pp

Dec 2022−0.4 pp

Mar 2023−0.5 pp

Jun 2023−0.2 pp

Sep 2023+6.4 pp

Dec 2023−8.9 pp

Mar 2024+0.3 pp

Jun 2024+0.3 pp

Sep 2024+0.4 pp

Dec 2024+9.1 pp

Mar 2025−4.3 pp

Jun 2025+0.1 pp

Sep 20250.0 pp

Dec 2025−0.1 pp

Mar 2026+4.8 pp

Jun 2026—

Linde plc · LIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.7 pp

Dec 2022+0.7 pp

Mar 2023+0.9 pp

Jun 2023+2.3 pp

Sep 2023+0.8 pp

Dec 2023+0.6 pp

Mar 2024+0.3 pp

Jun 2024+0.1 pp

Sep 2024−0.1 pp

Dec 2024+0.3 pp

Mar 20250.0 pp

Jun 2025+0.1 pp

Sep 2025+0.2 pp

Dec 2025−0.6 pp

Mar 2026+0.2 pp

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−5.0 pp

Dec 2022−1.4 pp

Mar 2023−3.2 pp

Jun 2023−3.7 pp

Sep 2023+0.8 pp

Dec 2023−0.5 pp

Mar 2024−0.2 pp

Jun 2024−0.1 pp

Sep 2024−0.7 pp

Dec 2024−3.1 pp

Mar 2025−1.8 pp

Jun 2025−2.4 pp

Sep 2025−5.3 pp

Dec 2025+1.7 pp

Mar 2026+0.5 pp

Jun 2026—

PPG Industries, Inc. · PPG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.1 pp

Dec 2022+0.8 pp

Mar 2023+1.8 pp

Jun 2023+0.5 pp

Sep 2023+0.8 pp

Dec 2023−0.1 pp

Mar 2024+0.9 pp

Jun 2024−0.1 pp

Sep 20240.0 pp

Dec 2024+0.8 pp

Mar 20250.0 pp

Jun 2025−0.2 pp

Sep 2025−0.1 pp

Dec 2025−0.2 pp

Mar 2026+0.1 pp

Jun 2026—

RPM International Inc. · RPM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.1 pp

Dec 2022+0.8 pp

Mar 2023−0.4 pp

Jun 2023−0.3 pp

Sep 2023+0.4 pp

Dec 2023+0.3 pp

Mar 2024+0.8 pp

Jun 2024+0.3 pp

Sep 2024+0.1 pp

Dec 2024+0.2 pp

Mar 2025−0.6 pp

Jun 2025−0.1 pp

Sep 2025−0.4 pp

Dec 2025−0.5 pp

Mar 2026+0.2 pp

Jun 2026−0.1 pp

Sociedad Química y Minera de Chile S.A. · SQM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+20.5 pp

Dec 2022+13.3 pp

Mar 2023−7.4 pp

Jun 2023−10.1 pp

Sep 2023−14.6 pp

Dec 2023−17.6 pp

Mar 2024−10.5 pp

Jun 2024−8.0 pp

Sep 2024−6.7 pp

Dec 2024−1.7 pp

Mar 2025−1.0 pp

Jun 2025−2.0 pp

Sep 2025+0.4 pp

Dec 2025+0.9 pp

Mar 2026+3.5 pp

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.0 pp

Dec 2022+0.9 pp

Mar 2023+0.7 pp

Jun 2023+1.0 pp

Sep 2023+0.2 pp

Dec 2023+0.1 pp

Mar 20240.0 pp

Jun 2024+0.8 pp

Sep 2024+0.1 pp

Dec 2024+0.3 pp

Mar 2025+0.1 pp

Jun 2025−1.0 pp

Sep 2025−0.2 pp

Dec 2025+0.2 pp

Mar 2026−0.1 pp

Jun 2026—

Westlake Corporation · WLK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−3.1 pp

Dec 2022−4.2 pp

Mar 2023−3.9 pp

Jun 2023−5.4 pp

Sep 2023−1.2 pp

Dec 2023−4.9 pp

Mar 2024−1.8 pp

Jun 20240.0 pp

Sep 2024−0.9 pp

Dec 2024+3.4 pp

Mar 2025−1.4 pp

Jun 2025−2.8 pp

Sep 2025−5.3 pp

Dec 2025−4.2 pp

Mar 2026−0.8 pp

Jun 2026—

07 · compare level, then change

Valuation Against Growth & Quality

Cabot Corporation has the lowest Guarded PEG among the 29 Specialty Chemicals companies compared here, at 0.18×. Eastman Chemical Company is next at 0.28×. Ingevity Corporation has the lowest P/E at 13.9×, so level and change sit with different companies. 15 of 29 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Cabot Corporation has the lowest comparable Guarded PEG at 0.18×, 35.7% below Eastman Chemical Company. Only 15 of 29 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderCabot Corporation · 0.18×

Gap35.7% versus #2 · Eastman Chemical Company

Persistence0/8 recent comparable periods

Coverage15/29 companies · 117 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

Guarded PEGlowest PEG

1Cabot Corporation CBT0.2

2Eastman Chemical Company EMN0.3

3PPG Industries, Inc. PPG0.3

4Axalta Coating Systems Ltd. AXTA0.3

5H.B. Fuller Company FUL0.5

P/Elowest P/E

1Ingevity Corporation NGVT13.9

2Cabot Corporation CBT14.2

3NewMarket Corporation NEU14.6

4PPG Industries, Inc. PPG15.2

5Axalta Coating Systems Ltd. AXTA16.2

Valuation · company comparison

15/29 level · 29/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Guarded PEG	P/E	Reported
DuPont de Nemours, Inc. DD	4.1	45.4	Mar 2026
Linde plc LIN	3.5	32.9	Mar 2026
NewMarket Corporation NEU	3.4	14.6	Mar 2026
The Sherwin-Williams Company SHW	2.6	30.8	Mar 2026
Sensient Technologies Corporation SXT	2.1	33.2	Jun 2026
Balchem Corporation BCPC	2.1	34.8	Mar 2026
RPM International Inc. RPM	1.9	20.5	Jun 2026
Hawkins, Inc. HWKN	1.5	38.9	Mar 2026
Ecolab Inc. ECL	1.4	36.0	Mar 2026
WD-40 Company WDFC	1.2	30.4	Jun 2026
Ashland Inc. ASH	1.0	25.9	Mar 2026
Westlake Corporation WLK	1.0	33.6	Mar 2026
Element Solutions Inc ESI	0.9	55.1	Mar 2026
Air Products and Chemicals, Inc. APD	0.8	30.7	Mar 2026
Sociedad Química y Minera de Chile S.A. SQM	0.8	28.4	Mar 2026
LyondellBasell Industries N.V. LYB	0.7	76.1	Mar 2026
H.B. Fuller Company FUL	0.5	19.0	Jun 2026
Ingevity Corporation NGVT	0.5	13.9	Mar 2026
Axalta Coating Systems Ltd. AXTA	0.3	16.2	Mar 2026
PPG Industries, Inc. PPG	0.3	15.3	Mar 2026
Eastman Chemical Company EMN	0.3	22.1	Mar 2026
Cabot Corporation CBT	0.2	14.2	Mar 2026
International Flavors & Fragrances Inc. IFF	—	22.2	Mar 2026
Albemarle Corporation ALB	—	47.9	Mar 2026
Solstice Advanced Materials, Inc. SOLS	—	32.6	Mar 2026
Perimeter Solutions, Inc. PRM	—	53.3	Mar 2026
Calumet, Inc. CLMT	—	30.3	Mar 2026
Avient Corporation AVNT	—	21.1	Mar 2026
Quaker Chemical Corporation KWR	—	443.7	Mar 2026

Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Showing the 12 largest of 22 companies with a series here. The remaining 10 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20241.7

Jun 20241.3

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 20260.8

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20235.2

Jun 20234.1

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Eastman Chemical Company · EMN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20230.6

Mar 20240.3

Jun 20240.5

Sep 20240.3

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Ecolab Inc. · ECL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20237.9

Jun 20236.5

Sep 20234.1

Dec 20231.6

Mar 20241.3

Jun 20240.9

Sep 2024—

Dec 20240.6

Mar 20251.0

Jun 20251.4

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Element Solutions Inc · ESI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20240.8

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20250.9

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Linde plc · LIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20232.5

Jun 2023—

Sep 2023—

Dec 20230.6

Mar 20240.8

Jun 20242.3

Sep 20244.1

Dec 20243.8

Mar 20255.0

Jun 20254.8

Sep 20252.4

Dec 20254.1

Mar 20263.5

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20240.7

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

PPG Industries, Inc. · PPG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.4

Jun 20231.5

Sep 20230.9

Dec 20231.5

Mar 20242.7

Jun 20241.7

Sep 20241.9

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20250.3

Mar 20260.3

Jun 2026—

RPM International Inc. · RPM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.2

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20244.2

Jun 20241.1

Sep 20241.2

Dec 20241.1

Mar 20251.7

Jun 20251.2

Sep 20251.9

Dec 2025—

Mar 2026—

Jun 2026—

Sociedad Química y Minera de Chile S.A. · SQM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20250.4

Jun 2025—

Sep 2025—

Dec 2025—

Mar 20260.8

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.5

Jun 20230.8

Sep 20231.0

Dec 20231.7

Mar 20242.5

Jun 20243.4

Sep 20245.1

Dec 20242.3

Mar 20252.6

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Westlake Corporation · WLK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20241.0

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

P/E · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 202127.2

Dec 202131.2

Mar 202225.0

Jun 202223.4

Sep 202223.1

Dec 202230.3

Mar 202329.4

Jun 202330.5

Sep 202327.4

Dec 202326.2

Mar 202421.9

Jun 202422.4

Sep 202417.3

Dec 202416.8

Mar 202542.9

Jun 202540.6

Sep 2025—

Dec 2025—

Mar 202630.7

Jun 2026—

Albemarle Corporation · ALB

Sep 2021115.9

Dec 2021220.5

Mar 202292.9

Jun 202294.1

Sep 202220.1

Dec 20229.5

Mar 20237.1

Jun 20236.7

Sep 20236.0

Dec 202310.8

Mar 202447.9

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 202129.3

Dec 202137.4

Mar 202235.2

Jun 202229.3

Sep 202223.4

Dec 202234.0

Mar 202332.3

Jun 202334.7

Sep 202338.3

Dec 202381.8

Mar 202485.2

Jun 2024104.5

Sep 202472.5

Dec 202445.4

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Ecolab Inc. · ECL

Sep 202153.4

Dec 202160.0

Mar 202246.0

Jun 202240.0

Sep 202236.8

Dec 202238.2

Mar 202341.0

Jun 202345.4

Sep 202339.3

Dec 202341.4

Mar 202442.8

Jun 202439.9

Sep 202435.8

Dec 202431.8

Mar 202534.5

Jun 202536.0

Sep 202539.4

Dec 202536.1

Mar 202636.0

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 2021108.7

Dec 2021137.0

Mar 202260.2

Jun 202247.7

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023973.9

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202481.3

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 202622.2

Jun 2026—

Linde plc · LIN

Sep 202143.2

Dec 202147.3

Mar 202241.2

Jun 202241.7

Sep 202235.7

Dec 202239.6

Mar 202339.5

Jun 202333.3

Sep 202330.8

Dec 202332.6

Mar 202436.0

Jun 202433.4

Sep 202436.2

Dec 202430.7

Mar 202533.8

Jun 202533.4

Sep 202531.8

Dec 202529.2

Mar 202632.9

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 20215.5

Dec 20215.5

Mar 20225.9

Jun 20225.3

Sep 20225.8

Dec 20227.0

Mar 202310.2

Jun 202314.3

Sep 202313.6

Dec 202314.7

Mar 202414.8

Jun 202412.7

Sep 202413.7

Dec 202417.9

Mar 202521.7

Jun 202576.1

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

PPG Industries, Inc. · PPG

Sep 202124.0

Dec 202129.1

Mar 202229.1

Jun 202225.1

Sep 202224.5

Dec 202229.7

Mar 202325.2

Jun 202327.4

Sep 202322.7

Dec 202328.0

Mar 202425.0

Jun 202420.7

Sep 202420.8

Dec 202425.2

Mar 202523.4

Jun 202525.8

Sep 202523.8

Dec 202514.8

Mar 202615.3

Jun 2026—

RPM International Inc. · RPM

Sep 202123.4

Dec 202126.1

Mar 202224.5

Jun 202223.3

Sep 202223.0

Dec 202225.2

Mar 202321.7

Jun 202321.5

Sep 202325.1

Dec 202325.2

Mar 202426.6

Jun 202424.6

Sep 202424.4

Dec 202427.4

Mar 202524.8

Jun 202521.3

Sep 202523.4

Dec 202520.7

Mar 202622.0

Jun 202620.5

Sociedad Química y Minera de Chile S.A. · SQM

Sep 202145.0

Dec 202124.0

Mar 202218.6

Jun 202211.5

Sep 20228.4

Dec 20225.8

Mar 20236.0

Jun 20235.8

Sep 20235.8

Dec 202318.6

Mar 202435.7

Jun 2024442.9

Sep 2024—

Dec 202415.2

Mar 202518.8

Jun 202521.1

Sep 202523.4

Dec 202533.4

Mar 202628.4

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 202138.3

Dec 202150.5

Mar 202236.4

Jun 202233.7

Sep 202227.7

Dec 202230.7

Mar 202327.6

Jun 202329.5

Sep 202327.3

Dec 202333.7

Mar 202437.0

Jun 202430.4

Sep 202438.0

Dec 202432.2

Mar 202533.0

Jun 202534.1

Sep 202533.8

Dec 202531.6

Mar 202630.8

Jun 2026—

Westlake Corporation · WLK

Sep 20218.0

Dec 20216.2

Mar 20226.3

Jun 20224.4

Sep 20224.2

Dec 20225.9

Mar 20238.0

Jun 202311.7

Sep 202313.3

Dec 202337.8

Mar 202476.8

Jun 202469.6

Sep 2024211.7

Dec 202424.7

Mar 202533.6

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

08 · compare level, then change

Enterprise Value & Book Value

Cabot Corporation has the lowest EV/EBITDA among the 29 Specialty Chemicals companies compared here, at 6.91×. Axalta Coating Systems Ltd. is next at 8.46×. Westlake Corporation has the lowest P/BV at 0.88×, so level and change sit with different companies. 29 of 29 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Cabot Corporation leads ev/ebitda at 6.91×; Westlake Corporation leads p/bv at 0.88×.

LeaderCabot Corporation · 6.91×

Gap18.3% versus #2 · Axalta Coating Systems Ltd.

Persistence0/8 recent comparable periods

Coverage29/29 companies · 497 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

EV/EBITDAlowest EV/EBITDA

1Cabot Corporation CBT6.9

2Axalta Coating Systems Ltd. AXTA8.5

3H.B. Fuller Company FUL9.6

4Avient Corporation AVNT9.9

5Ingevity Corporation NGVT10.2

P/BVlowest P/BV

1Westlake Corporation WLK0.9

2International Flavors & Fragrances Inc. IFF1.3

3DuPont de Nemours, Inc. DD1.3

4Avient Corporation AVNT1.4

5Ashland Inc. ASH1.4

Enterprise and book valuation · company comparison

29/29 level · 28/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	EV/EBITDA	P/BV	Reported
Calumet, Inc. CLMT	773.4	-3.0	Mar 2026
Albemarle Corporation ALB	48.8	2.2	Mar 2026
Westlake Corporation WLK	42.5	0.9	Mar 2026
Perimeter Solutions, Inc. PRM	38.4	3.3	Mar 2026
Sociedad Química y Minera de Chile S.A. SQM	37.2	4.0	Mar 2026
LyondellBasell Industries N.V. LYB	33.9	2.6	Mar 2026
Air Products and Chemicals, Inc. APD	22.0	4.1	Mar 2026
Ecolab Inc. ECL	21.9	7.5	Mar 2026
Balchem Corporation BCPC	21.3	4.2	Mar 2026
WD-40 Company WDFC	21.1	9.6	Jun 2026
The Sherwin-Williams Company SHW	20.2	17.8	Mar 2026
Sensient Technologies Corporation SXT	19.8	4.2	Jun 2026
Hawkins, Inc. HWKN	19.6	5.9	Mar 2026
Linde plc LIN	19.5	6.0	Mar 2026
Element Solutions Inc ESI	19.4	3.0	Mar 2026
Quaker Chemical Corporation KWR	18.3	1.6	Mar 2026
Ashland Inc. ASH	14.3	1.4	Mar 2026
RPM International Inc. RPM	14.2	4.1	Jun 2026
International Flavors & Fragrances Inc. IFF	13.8	1.3	Mar 2026
DuPont de Nemours, Inc. DD	12.7	1.3	Mar 2026
Eastman Chemical Company EMN	11.3	1.5	Mar 2026
PPG Industries, Inc. PPG	11.0	2.9	Mar 2026
NewMarket Corporation NEU	10.5	3.4	Mar 2026
Solstice Advanced Materials, Inc. SOLS	10.3	8.1	Mar 2026
Ingevity Corporation NGVT	10.3	63.9	Mar 2026
Avient Corporation AVNT	9.9	1.4	Mar 2026
H.B. Fuller Company FUL	9.6	1.7	Jun 2026
Axalta Coating Systems Ltd. AXTA	8.5	2.5	Mar 2026
Cabot Corporation CBT	6.9	2.5	Mar 2026

Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 202116.4

Dec 202119.9

Mar 202216.7

Jun 202215.9

Sep 202215.5

Dec 202219.7

Mar 202319.4

Jun 202320.4

Sep 202319.0

Dec 202318.6

Mar 202416.3

Jun 202416.9

Sep 202413.5

Dec 202413.5

Mar 202527.8

Jun 202526.5

Sep 2025115.7

Dec 202595.3

Mar 202622.0

Jun 2026—

Albemarle Corporation · ALB

Sep 202123.9

Dec 202128.3

Mar 202224.6

Jun 202226.0

Sep 202218.2

Dec 20229.8

Mar 20238.0

Jun 20238.8

Sep 202310.0

Dec 202326.1

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 202526.8

Dec 202571.0

Mar 202648.8

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 202112.0

Dec 202117.8

Mar 202215.9

Jun 202213.0

Sep 202211.8

Dec 202212.5

Mar 202312.9

Jun 202313.2

Sep 202314.9

Dec 202363.2

Mar 202414.6

Jun 202414.8

Sep 202416.1

Dec 202430.5

Mar 202521.3

Jun 202519.3

Sep 202524.7

Dec 202516.6

Mar 202612.7

Jun 2026—

Ecolab Inc. · ECL

Sep 202126.5

Dec 202131.1

Mar 202224.6

Jun 202221.8

Sep 202220.2

Dec 202219.9

Mar 202322.1

Jun 202324.0

Sep 202321.3

Dec 202322.1

Mar 202423.8

Jun 202423.1

Sep 202421.2

Dec 202419.6

Mar 202520.9

Jun 202521.7

Sep 202523.7

Dec 202522.2

Mar 202621.9

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 202131.8

Dec 202129.0

Mar 202221.5

Jun 202219.5

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202317.1

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202417.2

Mar 202545.7

Jun 202538.8

Sep 202535.4

Dec 202540.0

Mar 202613.8

Jun 2026—

Linde plc · LIN

Sep 202117.5

Dec 202119.7

Mar 202217.7

Jun 202217.1

Sep 202215.6

Dec 202218.2

Mar 202319.2

Jun 202318.1

Sep 202317.0

Dec 202318.1

Mar 202420.0

Jun 202418.7

Sep 202420.1

Dec 202417.4

Mar 202519.2

Jun 202519.2

Sep 202519.0

Dec 202517.4

Mar 202619.5

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 20215.5

Dec 20213.6

Mar 20225.2

Jun 20224.9

Sep 20225.3

Dec 20225.9

Mar 20237.6

Jun 20239.1

Sep 20238.6

Dec 20239.5

Mar 20249.7

Jun 20249.1

Sep 20249.5

Dec 20249.7

Mar 202511.8

Jun 202514.5

Sep 202558.8

Dec 202525.7

Mar 202633.9

Jun 2026—

PPG Industries, Inc. · PPG

Sep 202116.4

Dec 202119.2

Mar 202220.6

Jun 202218.0

Sep 202216.9

Dec 202218.4

Mar 202315.3

Jun 202315.7

Sep 202313.1

Dec 202317.5

Mar 202414.6

Jun 202413.1

Sep 202413.6

Dec 202413.6

Mar 202511.3

Jun 202511.9

Sep 202511.0

Dec 202510.8

Mar 202611.0

Jun 2026—

RPM International Inc. · RPM

Sep 202116.2

Dec 202118.5

Mar 202217.6

Jun 202217.9

Sep 202217.4

Dec 202217.8

Mar 202315.4

Jun 202314.6

Sep 202315.9

Dec 202315.6

Mar 202416.9

Jun 202415.9

Sep 202416.2

Dec 202418.7

Mar 202517.4

Jun 202516.3

Sep 202517.4

Dec 202515.0

Mar 202615.5

Jun 202614.2

Sociedad Química y Minera de Chile S.A. · SQM

Sep 202127.4

Dec 202115.9

Mar 202216.5

Jun 20229.4

Sep 20226.3

Dec 20224.0

Mar 20238.3

Jun 202313.7

Sep 20234.4

Dec 20236.8

Mar 20247.4

Jun 20248.1

Sep 202411.4

Dec 202412.0

Mar 202556.2

Jun 202551.6

Sep 202559.8

Dec 202522.6

Mar 202637.2

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 202125.1

Dec 202132.9

Mar 202223.1

Jun 202221.9

Sep 202219.1

Dec 202220.6

Mar 202318.8

Jun 202320.0

Sep 202318.5

Dec 202321.7

Mar 202423.3

Jun 202420.0

Sep 202424.6

Dec 202421.9

Mar 202522.4

Jun 202522.7

Sep 202522.6

Dec 202520.7

Mar 202620.2

Jun 2026—

Westlake Corporation · WLK

Sep 20214.9

Dec 20214.6

Mar 20224.8

Jun 20223.5

Sep 20223.3

Dec 20224.1

Mar 20235.1

Jun 20236.5

Sep 20237.0

Dec 202311.3

Mar 202414.9

Jun 202414.1

Sep 202416.3

Dec 20248.8

Mar 20259.3

Jun 202510.7

Sep 202542.5

Dec 2025—

Mar 2026—

Jun 2026—

P/BV · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Air Products and Chemicals, Inc. · APD

Sep 20214.2

Dec 20214.9

Mar 20224.0

Jun 20223.9

Sep 20223.9

Dec 20224.9

Mar 20234.5

Jun 20234.7

Sep 20234.4

Dec 20234.1

Mar 20243.6

Jun 20243.8

Sep 20243.9

Dec 20243.9

Mar 20254.5

Jun 20254.0

Sep 20254.0

Dec 20253.6

Mar 20264.1

Jun 2026—

Albemarle Corporation · ALB

Sep 20214.5

Dec 202138.7

Mar 20224.5

Jun 20224.0

Sep 20224.6

Dec 202220.5

Mar 20232.8

Jun 20232.7

Sep 20232.0

Dec 202313.5

Mar 20241.3

Jun 20241.0

Sep 20241.1

Dec 20249.7

Mar 20250.8

Jun 20250.7

Sep 20251.0

Dec 20251.8

Mar 20262.2

Jun 2026—

DuPont de Nemours, Inc. · DD

Sep 20211.3

Dec 20211.6

Mar 20221.4

Jun 20221.1

Sep 20221.0

Dec 20221.2

Mar 20231.2

Jun 20231.3

Sep 20231.3

Dec 20231.4

Mar 20241.4

Jun 20241.4

Sep 20241.5

Dec 20241.4

Mar 20251.4

Jun 20251.3

Sep 20251.4

Dec 20251.2

Mar 20261.3

Jun 2026—

Ecolab Inc. · ECL

Sep 20218.6

Dec 20219.3

Mar 20227.1

Jun 20226.2

Sep 20225.8

Dec 20225.7

Mar 20236.4

Jun 20237.0

Sep 20236.2

Dec 20237.0

Mar 20248.0

Jun 20248.2

Sep 20248.5

Dec 20247.6

Mar 20258.1

Jun 20258.2

Sep 20258.0

Dec 20257.6

Mar 20267.5

Jun 2026—

International Flavors & Fragrances Inc. · IFF

Sep 20211.6

Dec 20211.8

Mar 20221.6

Jun 20221.5

Sep 20221.4

Dec 20221.5

Mar 20231.3

Jun 20231.2

Sep 20231.0

Dec 20231.4

Mar 20241.5

Jun 20241.7

Sep 20241.8

Dec 20241.6

Mar 20251.5

Jun 20251.3

Sep 20251.1

Dec 20251.2

Mar 20261.3

Jun 2026—

Linde plc · LIN

Sep 20213.4

Dec 20214.0

Mar 20223.7

Jun 20223.6

Sep 20223.5

Dec 20224.0

Mar 20234.4

Jun 20234.7

Sep 20234.6

Dec 20235.0

Mar 20245.8

Jun 20245.5

Sep 20245.8

Dec 20245.2

Mar 20255.8

Jun 20255.7

Sep 20255.7

Dec 20255.2

Mar 20266.0

Jun 2026—

LyondellBasell Industries N.V. · LYB

Sep 20212.7

Dec 20212.5

Mar 2022—

Jun 20222.3

Sep 20222.0

Dec 20222.1

Mar 20232.4

Jun 20232.3

Sep 20232.3

Dec 20232.4

Mar 20242.6

Jun 20242.3

Sep 20242.3

Dec 20241.9

Mar 20251.9

Jun 20251.6

Sep 20251.5

Dec 20251.4

Mar 20262.6

Jun 2026—

PPG Industries, Inc. · PPG

Sep 20215.4

Dec 20216.5

Mar 20225.0

Jun 20224.4

Sep 20224.3

Dec 20224.5

Mar 20234.4

Jun 20234.6

Sep 20234.0

Dec 20234.5

Mar 20244.3

Jun 20243.8

Sep 20244.0

Dec 20244.1

Mar 20253.6

Jun 20253.4

Sep 20253.0

Dec 20252.9

Mar 20262.9

Jun 2026—

RPM International Inc. · RPM

Sep 20216.0

Dec 20216.4

Mar 20226.0

Jun 20225.7

Sep 20226.0

Dec 20226.4

Mar 20235.6

Jun 20234.8

Sep 20235.6

Dec 20235.6

Mar 20246.3

Jun 20245.7

Sep 20245.7

Dec 20246.6

Mar 20256.0

Jun 20255.1

Sep 20255.3

Dec 20254.4

Mar 20264.6

Jun 20264.1

Sociedad Química y Minera de Chile S.A. · SQM

Sep 20214.7

Dec 20214.5

Mar 20227.6

Jun 20226.8

Sep 20225.6

Dec 20224.7

Mar 20234.3

Jun 20234.2

Sep 20233.3

Dec 20233.9

Mar 20243.0

Jun 20242.4

Sep 20242.3

Dec 20242.0

Mar 20252.2

Jun 20251.9

Sep 20252.2

Dec 20253.5

Mar 20264.0

Jun 2026—

The Sherwin-Williams Company · SHW

Sep 202127.3

Dec 202137.7

Mar 202229.1

Jun 202226.1

Sep 202220.4

Dec 202219.8

Mar 202318.3

Jun 202318.8

Sep 202317.3

Dec 202321.4

Mar 202425.1

Jun 202420.1

Sep 202423.1

Dec 202421.1

Mar 202521.2

Jun 202519.5

Sep 202519.4

Dec 202517.5

Mar 202617.8

Jun 2026—

Westlake Corporation · WLK

Sep 20211.6

Dec 20211.6

Mar 20221.8

Jun 20221.3

Sep 20221.2

Dec 20221.3

Mar 20231.4

Jun 20231.5

Sep 20231.5

Dec 20231.8

Mar 20241.9

Jun 20241.8

Sep 20241.8

Dec 20241.4

Mar 20251.2

Jun 20251.0

Sep 20251.1

Dec 20250.5

Mar 20260.9

Jun 2026—

09 · let price answer last

Market action

Calumet, Inc. has the strongest one-year price move in Specialty Chemicals at +167.4%. It also leads on Mansfield relative strength against the S&P 500 at +50.2%. 12 of 28 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.

Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Specialty Chemicals comparison names 4 specific ways its own evidence can mislead, all listed below. All 29 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

10 · the complete set

Which companies are included?

All 29 companies in the canonical Specialty Chemicals membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

Company	Market value	Price	Priced to	Latest fundamentals
Linde plc LIN	$236.3B	$511	2026-07-28	Mar 2026
The Sherwin-Williams Company SHW	$86.9B	$354	2026-07-28	Mar 2026
Ecolab Inc. ECL	$79.6B	$283	2026-07-28	Mar 2026
Air Products and Chemicals, Inc. APD	$65.2B	$293	2026-07-28	Mar 2026
PPG Industries, Inc. PPGAHEAD	$26.5B	$119	2026-07-28	Mar 2026
International Flavors & Fragrances Inc. IFFAHEAD	$20.2B	$79.3	2026-07-28	Mar 2026
Sociedad Química y Minera de Chile S.A. SQM18/26 WEEKS	$19.1B	$66.9	2026-07-28	Mar 2026
DuPont de Nemours, Inc. DD	$19.0B	$141	2026-07-28	Mar 2026
LyondellBasell Industries N.V. LYB	$18.8B	$58.2	2026-07-28	Mar 2026
RPM International Inc. RPM	$14.3B	$112	2026-07-28	Jun 2026
Albemarle Corporation ALB	$13.3B	$113	2026-07-28	Mar 2026
Westlake Corporation WLK	$9.2B	$72.2	2026-07-28	Mar 2026
Solstice Advanced Materials, Inc. SOLS18/26 WEEKS	$9.1B	$57.3	2026-07-28	Mar 2026
Element Solutions Inc ESI22/26 WEEKS	$8.9B	$36.5	2026-07-28	Mar 2026
Eastman Chemical Company EMN	$7.8B	$68.1	2026-07-28	Mar 2026
Axalta Coating Systems Ltd. AXTAAHEAD	$7.6B	$35.4	2026-07-28	Mar 2026
NewMarket Corporation NEUAHEAD	$7.2B	$783	2026-07-28	Mar 2026
Perimeter Solutions, Inc. PRMAHEAD	$5.7B	$34.9	2026-07-28	Mar 2026
Balchem Corporation BCPC	$5.3B	$166	2026-07-28	Mar 2026
Sensient Technologies Corporation SXTAHEAD19/26 WEEKS	$5.3B	$125	2026-07-28	Jun 2026
Cabot Corporation CBTAHEAD25/26 WEEKS	$4.7B	$91.1	2026-07-28	Mar 2026
Calumet, Inc. CLMTAHEAD24/26 WEEKS	$3.6B	$41.5	2026-07-28	Mar 2026
Avient Corporation AVNT	$3.4B	$37.1	2026-07-28	Mar 2026
Ashland Inc. ASHAHEAD	$3.1B	$68.0	2026-07-28	Mar 2026
WD-40 Company WDFCAHEAD	$3.1B	$229	2026-07-28	Jun 2026
H.B. Fuller Company FUL	$3.1B	$57.1	2026-07-28	Jun 2026
Hawkins, Inc. HWKN	$3.0B	$143	2026-07-28	Mar 2026
Quaker Chemical Corporation KWR	$2.7B	$154	2026-07-28	Mar 2026
Ingevity Corporation NGVT	$2.6B	$74.5	2026-07-28	Mar 2026

Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 29 Specialty Chemicals companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-07-28 · weekly price and relative-strength history

Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Questions investors ask · short, speakable answers

Specialty Chemicals company comparison FAQs

These 18 answers restate the Specialty Chemicals comparison above in question form. Every one is computed from the same 29 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Specialty Chemicals company is the biggest?

Linde plc is the largest, with trailing-twelve-month revenue of $34,655 million, ahead of LyondellBasell Industries N.V. at $29,673 million. That covers 24 of 29 companies with comparable reporting through Mar 2026.

Which Specialty Chemicals company is growing fastest?

Perimeter Solutions, Inc. has the fastest revenue growth at 23.2% year on year, across 24 of 29 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Specialty Chemicals company has the best profit margins?

Perimeter Solutions, Inc. has the highest operating margin at 58%, from 29 of 29 comparable companies. Air Products and Chemicals, Inc. shows the biggest recent improvement, at +103.5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Specialty Chemicals company makes the most profit?

Linde plc earns the most, at $7,099 million of trailing-twelve-month net profit, from 24 of 29 comparable companies. H.B. Fuller Company has the fastest profit growth at 80.6%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Specialty Chemicals company earns the highest return on capital?

WD-40 Company leads on return on capital employed at 10.8%, across 29 of 29 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Specialty Chemicals stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Cabot Corporation screens cheapest at 0.18×. Only 15 of 29 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Specialty Chemicals company has the strongest balance sheet?

WD-40 Company carries the lowest comparable gross debt at $111 million, from 29 of 29 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Specialty Chemicals company is investing most in new capacity?

Linde plc reports the largest capital spending at $1,342 million, across 29 of 29 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Specialty Chemicals sector beating the market?

Specialty Chemicals has outperformed S&P 500 by 11.7% over the last 52 weeks and 3.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 12 of 28 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Specialty Chemicals stock has the strongest price momentum?

Calumet, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Specialty Chemicals company scores highest for research priority?

Sensient Technologies Corporation scores 62.3 out of 100 with 58.7% evidence confidence, from 20.4 points on growth and earnings, 14.3 on capital efficiency, 9.6 on valuation and 18 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Specialty Chemicals companies does this comparison cover, and over what period?

It compares 29 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Specialty Chemicals sector?

The 29 Specialty Chemicals companies on this page carry $694,705 million of combined market value. Linde plc is the largest at $236,343 million, about 34% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Specialty Chemicals sector's P/E ratio?

The median price-to-earnings ratio across the 29 Specialty Chemicals companies on this page is 30.7×, measured on the 29 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Specialty Chemicals sector performing?

12 of the 28 covered Specialty Chemicals companies are beating S&P 500 on Mansfield relative strength. The sector itself is 11.7% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Specialty Chemicals stocks are listed in the US?

This comparison covers 29 listed Specialty Chemicals companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.