A forensic read on Huntsman Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Grey Zone
Financial health
1.9
Distress distance
Clean
Earnings quality
4
Forensic signals
-9.9%
ROE
-5.8%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Huntsman Corp earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 1.9, placing it in the Grey zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-1.9%
FY2025
Return on invested capital.Return on invested capital is -1.9% in the latest fiscal year and slipping across FY2023–FY2025 from 1.0%. After-tax operating profit was $55M in FY2023 and ($103M) in FY2025, with operating income at 1.4% of revenue in FY2023, -0.4% in FY2024 and -2.3% in FY2025. The capital base behind it went from $5.5B in FY2023 to $5.4B in FY2025 (-2%), while the revenue it carried went from $6.1B to $5.7B. FY2025's operating profit carried a $85M asset write-down and a $14M goodwill write-off that alone took about 1.4 points off that year's return, so about 1.4 of the 2.9-point fall across FY2023–FY2025 is that charge landing in the latest year rather than the capital earning less. FY2024's operating profit carried a $29M restructuring charge that alone took about 0.4 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.
126% of FCF
FY2025
Shareholder returns.Returned $146M to shareholders (buybacks + dividends) in FY2025 — 126% of free cash flow, but 51% of operating cash flow. Returns run ahead of free cash flow, with the gap funded by debt or cash reserves rather than the cash the business itself throws off; the payout itself is still covered by operating cash. Counting the $31M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 153%.
$14M
FY2025
Goodwill impairments.Took $14M of goodwill writedowns across 1 year (FY2025 ($14M)). Writedowns mean past acquisitions underperformed what was paid for them.
-16%
FY2024→FY2025
Dividend — cut.The payout was CUT ~16% in FY2025 (from FY2024). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.
Key fundamentals
Latest Revenue$5.68B
Revenue Growth YoY-5.8%
Revenue CAGR (2yr)-3.6%
Net Margin-5.0%
Free Cash Flow$116.0M
Return on Equity-9.9%
Debt / Equity0.73x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Huntsman Corp's actual 10-K/10-Q/8-K filings?