Ashland Inc. ASH NYSE

Ashland Inc. (ASH) generated $94M in operating cash flow for fiscal year 2025. After capital expenditures of $98M, free cash flow was $-4M.

Free cash flow margin was -0.2% of revenue. Cash conversion ratio was -0.11x, suggesting some earnings are non-cash.

The company returned $76M in dividends and $100M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (51/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (10/100) — Cash conversion ratio was -0.11x suggests some earnings are non-cash items

Overall SharesGrow Score: 49/100 with 2/7 criteria passed.