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Chemours (CC) FY2025 results: revenue $5.8 billion, up 0.4% on the year

Chemours Co. (CC) reported revenue of $5.8 billion for fiscal 2025, the year ended 31 December 2025, up 0.4% on the year before. Net income was -$386 million, and diluted earnings per share $-2.57. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2026.

Revenue
$5.8 billion
+0.4% on the year
FY2018FY2025
Operating margin
-1.1%
5.7% a year earlier
FY2018FY2025
Net income
-$386 million
FY2018FY2025
Diluted EPS
-$2.57
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The year in brief

What management said about the year

Guidance figures: 18 new.

  • Net loss widened on charges: Net loss attributable to Chemours was $47 million, or $0.31 per diluted share, against a $0.08 loss a year earlier, with lower cost absorption as a main driver.
  • Adjusted EBITDA down 24%: Adjusted EBITDA fell to $128 million from $168 million, and adjusted diluted EPS was $0.05 against $0.09 a year earlier.
  • TSS record quarter, Opteon up 37%: TSS reported a record fourth quarter, with Opteon Refrigerants sales up 37% year over year.
  • TT sales and EBITDA fell sharply: TT net sales fell 11% to $561 million, with price down 6% and volume down 6%; Adjusted EBITDA fell 67%, to a 4% margin.
  • APM earnings cut by inventory charge: APM Adjusted EBITDA fell 74% to a 4% margin, after a non-cash inventory charge and a less favorable product mix.
Read the Q4 FY2025 earnings call summary

The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025

Income statement (profit and loss)

$ millionFY2025FY2024FY2023On the yearLast 8 years
Revenue5,8085,7826,078+0.4%
Cost of revenue4,9064,6314,776+5.9%
Gross profit9021,1421,302-21.0%
Gross margin15.5%19.8%21.4%
Research and development108109108-0.9%
Selling, general and administrative7995981,286+33.6%
Operating income-64.0328-245
Operating margin-1.1%5.7%-4.0%
Interest expense269263208+2.3%
Pre-tax income-277106-318
Income tax10937.0-66.0+194.6%
Effective tax raten/a34.9%n/a
Net income-38669.0-253
Net margin-6.6%1.2%-4.2%
Diluted EPS-$2.57$0.46-$1.70
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2025FY2024FY2023On the yearLast 8 years
Operating cash flow264-633556
Capital expenditure213360370-40.8%
Free cash flow51.0-993186
Free cash flow margin0.9%-17.2%3.1%
Cash from investing-206-353-229
Cash from financing-126-36.0172
Depreciation and amortisation340292309+16.4%
Share-based compensation21.015.018.0+40.0%
Buybacksn/an/a69.0
Dividends paid78.0148149-47.3%
Dividend per share$0.51$1.00$1.00-48.8%
Diluted shares, weighted150m150m149m+0.0%
Shares outstanding at period end150m149m149m+0.3%

Balance sheet

$ millionFY2025FY2024FY2023On the yearLast 8 years
Shareholders' equity250571721-56.2%
Non-controlling interest1.01.02.00.0%
Debt4,1414,1134,038+0.7%
Operating lease liabilities191198208-3.5%
Finance lease liabilities28.038.046.0-26.3%
Other liabilities2,7712,5943,236+6.8%
Total liabilities and equity7,3827,5158,251-1.8%
Fixed assets3,0783,1833,207-3.3%
Goodwill46.046.01020.0%
Intangible assets2.03.03.0-33.3%
Cash and equivalents6707131,203-6.0%
Receivables562619509-9.2%
Inventory1,5691,4631,349+7.2%
Other assets1,4551,4881,878-2.2%
Total assets7,3827,5158,251-1.8%

10-K for the year ended 31 December 2025, filed 24 February 2026: the filing.