Albemarle Corporation

01

Company profile

02

Earnings calendar

When the company reports each quarter: the quarter-end date, the day results were released, and when the 10-Q or 10-K was filed.

03

Flagship products & services

04

Recent strategic focus

FY2025 developments from the 10-K, and 2026 events from 8-Ks.

05

Key figures at a glance

FY2021–FY2025, 5 years.

• ▲

  Revenue grew +11.5% a year over 4 years (strong growth)

  From $3.33B in FY2021 to $5.14B in FY2025. The annualized rate (CAGR) makes it possible to compare growth pace across companies of different sizes.

• ▼

  Operating margin declined: 24.0% → -7.1%

  How much operating profit is left per $100 of revenue. It moved -31.1 points over 4 years — pricing power, cost control, and product mix all show up here.

• ▲

  Equity ratio is 58.2% (a high level of financial stability)

  The share of total assets funded by equity rather than debt. 50%+ is often read as low bankruptcy risk, though the right level varies by industry (real estate and leasing run lower, for instance).

• ▼

  Free cash flow was positive in 2 of 5 years

  Operating cash flow minus capital expenditures: the cash left over after funding the business’s own investment, available for dividends, buybacks, acquisitions, or debt paydown. A negative year can mean heavy investment, or weak core earnings — worth distinguishing.

• ▲

  ROE averaged 8.5% over 5 years (latest: -5.2%)

  How much profit was generated on shareholders’ equity. Roughly 10%+ is often cited as solid for a U.S. company, though this varies a lot by industry and capital intensity.

06

Business model

07

Where it earns

Many U.S.-listed companies earn most of their revenue outside the U.S. — this breaks down revenue by country/region so it's clear where the business actually makes its money.

08

Contract structure

Short-term or spot sales carry different earnings quality than long-term or auto-renewing contracts — this shows how the company actually contracts with its customers.

09

Alliances & capital ties

Equity stakes, joint ventures, and strategic partnerships disclosed across the 10-K, 8-Ks, and proxy statement.

• Joint venture

  Windfield Holdings

  49%-owned joint venture that owns Talison Lithium and the Greenbushes mine in Western Australia; Albemarle buys lithium concentrate from it.

  Source: Form 10-K (FY2025) — Item 1, Raw Materials

• Joint venture

  MARBL Lithium Joint Venture

  50%-owned unincorporated joint venture owning the Wodgina hard-rock lithium mine in Western Australia.

  Source: Form 10-K (FY2025) — Item 1, Raw Materials

• Joint venture

  Jordan Bromine Company

  50%-owned consolidated joint venture since 1999 in Safi, Jordan, processing bromine sourced from the Dead Sea.

  Source: Form 10-K (FY2025) — Item 1, Specialties

• Joint venture

  KPS Capital Partners (ChemCat)

  In March 2026 Albemarle sold 51% of Ketjen's refining business to an entity affiliated with KPS, keeping a 49% interest in the resulting joint venture.

  Source: Form 8-K (filed 2026-03-06) — completion of Ketjen sale

10

Customers & suppliers

Who the company sells to and buys from. Companies rarely name either, so named counterparties come only from the company's own filings and press releases; otherwise this lists the concentration figures the 10-K discloses.

11

Competitors & peers

Competitors the 10-K names, and the peer group the company itself chose in its proxy statement. Nothing here is this site's own pick.

12

M&A history

Companies acquired over the last five years, plus older large acquisitions that still anchor a current business — what each was bought to do, and what happened afterward. From the 10-K, 8-Ks, and the company's press releases.

13

Five years of financials

Each chart's axis holds a single unit (never mixing dollars, %, and $/share). The table's per-period header links to the filing the numbers came from.

14

Is ROIC above WACC?

ROIC (the return on money invested in the business) above WACC (the cost of raising that money) means the company is creating value. WACC is an estimate, so its assumptions can be adjusted below.

15

What the price implies (DCF)

A company's value can be written as its free cash flow divided by (cost of capital − perpetual growth). Working that backwards from the market's valuation shows how much growth the share price assumed — compared here with the company's actual past growth.

Not enough data for this calculation (FY2025): it needs positive free cash flow, a fiscal year-end P/E, and a positive enterprise value.

16

Earnings quality

The same reported profit can mean different things depending on whether it's backed by cash, driven by the core business, or the result of a one-off item. Four checks below.

17

Strengths & weaknesses

18

What draws investors to it

Why the stock can look attractive to investors — each point paired with what has to hold for it to stay true, and the opposing view. This is this site's analysis, not a recommendation to buy or sell.

19

Resilience

How well the company could absorb a bad year: its financial buffer, how its revenue and profit held up in the worst year on record, and what the 10-K says about the business's exposure to shocks. Figures and filing statements only — no overall rating.

20

Risks (including geopolitical)

Starting from the 10-K's Risk Factors section, organized by category — geopolitical, currency, raw materials, regulatory, disaster, and more — with impact and likelihood assessed by this site.

21

What to watch going forward

• →Lithium prices — Albemarle expects higher Energy Storage sales and profit in 2026 if prices stay at early-2026 levels.
• →Whether idled plants restart or stay in care and maintenance.
• →Use of proceeds from the Ketjen and Eurecat sales.
• →Strategy under incoming CEO Ragnar Udd.

22

Source documents

This page's financial figures come from the Form 10-Ks listed below. Check the original filings for full detail.