CABOT CORP
CBT · Miscellaneous Chemical Products · 51.6M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $78M (gross $98M, SBC $20M)
Reference price $79.24 · est. market cap ~$4.1B — last insider sale, 2025-08-14 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B72Profitable specialty-chemicals franchise with strong margins and cash generation but contracting revenue and earnings.
Strengths
- Strong profitability: operating margin 16.7% (87.5th pct), ROE 21.4% (67th pct), ROA 8.7% (78th pct) and FCF $391M (82nd pct)
- Solid interest coverage (8.2x) and healthy net/FCF margins
Risks
- Revenue down 7% (16th pct) and net income down 13% (39th pct), reflecting cyclical carbon-black/tire end-market softness and Asian import pressure
- Respirator liability reserve, raw-material/energy volatility and climate-regulation exposure
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $258M cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
25.3%
Operating margin
16.7%
Net margin
8.9%
Return on equity
21.4%
Return on assets
8.7%
ROIC
20.4%
Revenue growth (QoQ)
6.5%
Net-income growth
-12.9%
Debt / equity
0.6×
Net debt / EBITDA
0.8×
Interest coverage
8.2×
Current ratio
1.6×
Free cash flow
$391M
EBITDA
$775M
Tangible book value
$1.4B
Cash & investments
$258M
Stock comp / revenue
0.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-01-08 | ENRIQUEZ CABOT JUAN | Grant | 486 | — |
| 2026-01-08 | Nathoo Raffiq | Grant | 2.3K | — |
| 2026-01-08 | DELGROSSO DOUGLAS G | Grant | 2.3K | — |
| 2026-01-08 | Williams Michelle Elizabeth | Grant | 2.3K | — |
| 2026-01-08 | Yan Christine Y | Grant | 2.3K | — |
| 2026-01-08 | Arnold Cynthia A | Grant | 2.3K | — |
| 2026-01-08 | Vanlancker Thierry FJ | Grant | 2.3K | — |
| 2026-01-08 | Morrow Michael M | Grant | 2.3K | — |
| 2026-01-08 | Wilson Frank Anders | Grant | 2.3K | — |
| 2026-01-08 | Kirby William C. | Grant | 486 | — |
| 2025-12-03 | Masterson William F III | Grant | 3.5K | — |
| 2025-11-19 | Wood Matthew Forster | Grant | 671 | — |
| 2025-11-19 | Wood Matthew Forster | Tax withheld | 219 | $59.76 |
| 2025-11-19 | Kalita Karen A | Grant | 4.5K | — |
| 2025-11-19 | Kalita Karen A | Grant | 4.1K | — |
| 2025-11-19 | Kalita Karen A | Tax withheld | 872 | $59.76 |
| 2025-11-19 | Dumont Lisa M | Grant | 1.6K | — |
| 2025-11-19 | Dumont Lisa M | Grant | 901 | — |
| 2025-11-19 | Dumont Lisa M | Tax withheld | 200 | $59.76 |
| 2025-11-19 | McLaughlin Erica | Grant | 8.3K | — |
| 2025-11-19 | McLaughlin Erica | Grant | 6.9K | — |
| 2025-11-19 | McLaughlin Erica | Tax withheld | 2.3K | $59.76 |
| 2025-11-19 | Zhu Jeff Ji | Grant | 6.0K | — |
| 2025-11-19 | Zhu Jeff Ji | Grant | 5.4K | — |
| 2025-11-19 | Zhu Jeff Ji | Tax withheld | 998 | $59.76 |
| 2025-11-19 | Keohane Sean D | Grant | 33K | — |
| 2025-11-19 | Keohane Sean D | Grant | 31K | — |
| 2025-11-19 | Keohane Sean D | Tax withheld | 10K | $59.76 |
| 2025-11-11 | Keohane Sean D | Tax withheld | 11K | $61.41 |
| 2025-11-11 | McLaughlin Erica | Tax withheld | 2.3K | $61.41 |
| 2025-11-11 | Kalita Karen A | Tax withheld | 895 | $61.41 |
| 2025-11-11 | Zhu Jeff Ji | Tax withheld | 1.0K | $61.41 |
| 2025-11-11 | Wood Matthew Forster | Tax withheld | 394 | $61.41 |
| 2025-11-11 | Dumont Lisa M | Tax withheld | 358 | $61.41 |
| 2025-08-14 | Keohane Sean D | Option exercise | 88K | $50.46 |
| 2025-08-14 | Keohane Sean D | Sell | 80K | $79.24 |
| 2025-08-14 | Keohane Sean D | Sell | 7.7K | $79.62 |
| 2025-08-14 | Keohane Sean D | Option exercise | 26K | $49.26 |
| 2025-08-14 | Keohane Sean D | Sell | 24K | $79.25 |
| 2025-08-14 | Keohane Sean D | Sell | 2.4K | $79.63 |
| 2025-06-15 | Wood Matthew Forster | Grant | 2.7K | — |
| 2025-06-12 | McLaughlin Erica | Gift | 1.3K | — |
| 2025-01-10 | ENRIQUEZ CABOT JUAN | Grant | 1.8K | — |
| 2025-01-10 | Wolfgruber Matthais L. | Grant | 344 | — |
| 2025-01-10 | Arnold Cynthia A | Grant | 1.8K | — |
| 2025-01-10 | Vanlancker Thierry FJ | Grant | 1.8K | — |
| 2025-01-10 | Nathoo Raffiq | Grant | 1.8K | — |
| 2025-01-10 | DELGROSSO DOUGLAS G | Grant | 1.8K | — |
| 2025-01-10 | Williams Michelle Elizabeth | Grant | 1.8K | — |
| 2025-01-10 | Kirby William C. | Grant | 1.8K | — |
| 2025-01-10 | Wilson Frank Anders | Grant | 1.8K | — |
| 2025-01-10 | Morrow Michael M | Grant | 1.8K | — |
| 2025-01-10 | Yan Christine Y | Grant | 1.8K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-14 | Material agreement1.02Debt obligationExhibits | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-03-17 | Shareholder vote | filing ↗ |
| 2026-02-03 | ResultsExhibits | filing ↗ |
| 2026-01-14 | Exec/director change | filing ↗ |
| 2025-11-03 | ResultsExhibits | filing ↗ |
| 2025-08-04 | ResultsExhibits | filing ↗ |
| 2025-06-03 | Exec/director changeReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-14 | 2026-05-12 | 0001193125-26-222854 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001193125-26-209067 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001193125-26-206708 ↗ |
| 8-K | 2026-03-17 | 2026-03-12 | 0001193125-26-110647 ↗ |
| 10-Q | 2026-02-04 | 2025-12-31 | 0001193125-26-037240 ↗ |
| 8-K | 2026-02-03 | 2026-02-03 | 0001193125-26-035729 ↗ |
| 8-K | 2026-01-14 | 2026-01-08 | 0001193125-26-012994 ↗ |
| 10-K | 2025-11-24 | 2025-09-30 | 0001193125-25-292412 ↗ |
| 8-K | 2025-11-03 | 2025-11-03 | 0001193125-25-262842 ↗ |
| 10-Q | 2025-08-05 | 2025-06-30 | 0000950170-25-102921 ↗ |
| 8-K | 2025-08-04 | 2025-08-04 | 0000950170-25-102112 ↗ |
| 8-K | 2025-06-03 | 2025-05-30 | 0001193125-25-133898 ↗ |