Ashland Inc. ASH NYSE

Ashland Inc. (ASH) generated $125M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $14M, free cash flow was $111M.

Free cash flow margin was 28.8% of revenue. Cash conversion ratio was 62.5x, indicating earnings are backed by cash.

The company returned $19M in dividends and $2M in share buybacks to shareholders during the quarter.

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 62.5x confirms earnings are backed by real cash flow

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