Avient (AVNT) financial statements
Avient reported revenue of $3.3B in fiscal 2025, up 1.2% a year over 9 years.
Net income was $82M and the operating margin 6.2%, against 9.1% in 2016.
Free cash flow was $195M, and the company returned $99M in dividends.
The diluted share count rose 9% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Avient's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9B | $2.6B | $2.9B | $2.9B | $2.2B | $3.3B | $3.4B | $3.1B | $3.2B | $3.3B |
| Cost of revenue | $2.3B | $2.0B | $2.3B | $2.2B | $1.6B | $2.4B | $2.5B | $2.3B | $2.2B | $2.2B |
| Gross profit | $676M | $596M | $625M | $657M | $660M | $944M | $883M | $892M | $1.1B | $1.0B |
| Research and development | $50M | $45M | $50M | $51M | $60M | $83M | $85M | $90M | $99M | $97M |
| Selling, general and admin | $409M | $423M | $446M | $500M | $548M | $664M | $639M | $696M | $727M | $812M |
| Operating income | $268M | $173M | $179M | $157M | $112M | $280M | $243M | $197M | $329M | $204M |
| Interest expense | $60M | $61M | — | — | — | — | — | — | — | — |
| Pre-tax income | $227M | $112M | $102M | $109M | $61M | $204M | $64M | $87M | $225M | $112M |
| Income tax | $60M | $800,000 | $14M | $34M | -$12M | $52M | -$19M | $11M | $54M | $28M |
| Net income | $165M | -$58M | $160M | $589M | $132M | $231M | $703M | $76M | $170M | $82M |
| EPS (diluted) | $1.95 | -$0.70 | $1.99 | $7.58 | $1.45 | $2.51 | $7.63 | $0.83 | $1.84 | $0.89 |
| Diluted shares | 85M | 82M | 80M | 78M | 91M | 92M | 92M | 92M | 92M | 92M |
| Gross margin | 23.0% | 23.0% | 21.7% | 23.0% | 29.8% | 28.5% | 26.0% | 28.4% | 32.6% | 31.2% |
| Operating margin | 9.1% | 6.7% | 6.2% | 5.5% | 5.0% | 8.4% | 7.2% | 6.3% | 10.2% | 6.2% |
| Net margin | 5.6% | -2.2% | 5.5% | 20.6% | 5.9% | 7.0% | 20.7% | 2.4% | 5.2% | 2.5% |
Balance sheet
Fiscal years, from Avient's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $226M | $244M | $171M | $865M | $650M | $601M | $641M | $546M | $544M | $510M |
| Receivables | $326M | $392M | $347M | $330M | $517M | $440M | $441M | $400M | $400M | $435M |
| Inventory | $266M | $328M | $285M | $261M | $328M | $306M | $373M | $347M | $347M | $367M |
| Total current assets | $950M | $1.1B | $999M | $1.5B | $1.6B | $1.8B | $1.6B | $1.4B | $1.4B | $1.4B |
| Property, plant and equipment | $426M | $462M | $384M | $407M | $695M | $672M | $1.0B | $1.0B | $955M | $989M |
| Goodwill | $533M | $599M | $639M | $686M | $1.3B | $1.3B | $1.7B | $1.7B | $1.7B | $1.8B |
| Total assets | $2.7B | $2.7B | $2.7B | $3.3B | $4.9B | $5.0B | $6.1B | $6.0B | $5.8B | $6.0B |
| Total current liabilities | $510M | $571M | $558M | $702M | $801M | $941M | $869M | $774M | $756M | $846M |
| Long-term debt | $1.2B | $1.3B | $1.3B | $1.2B | $1.9B | $1.9B | $2.2B | $2.1B | $2.1B | $1.9B |
| Total liabilities | $2.0B | $2.1B | $2.2B | $2.2B | $3.2B | $3.2B | $3.7B | $3.6B | $3.5B | $3.6B |
| Shareholders' equity | $725M | $598M | $540M | $1.1B | $1.7B | $1.8B | $2.3B | $2.3B | $2.3B | $2.4B |
| Net debt | $1.0B | $1.1B | $1.2B | $365M | $1.2B | $1.3B | $1.5B | $1.5B | $1.5B | $1.4B |
Cash flow
Fiscal years, from Avient's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $228M | $202M | $254M | $301M | $222M | $234M | $398M | $202M | $257M | $302M |
| Capital spending | $84M | $80M | $76M | $82M | $64M | $101M | $106M | $119M | $122M | $107M |
| Free cash flow | $143M | $123M | $178M | $219M | $158M | $133M | $293M | $82M | $135M | $195M |
| Stock-based compensation | $8M | $10M | $11M | $12M | $11M | $11M | $13M | $13M | $15M | $9M |
| Dividends paid | $40M | $44M | $56M | $60M | $71M | $78M | $87M | $90M | $94M | $99M |
| Share buybacks (net) | -$86M | -$71M | -$123M | -$27M | -$22M | -$4M | -$36M | $0 | $0 | — |
| Net borrowing | $94M | -$6M | -$6M | -$6M | $644M | -$18M | $343M | -$106M | -$11M | -$150M |
| Free cash flow margin | 4.9% | 4.7% | 6.2% | 7.7% | 7.1% | 4.0% | 8.6% | 2.6% | 4.2% | 6.0% |
| Dividends per share | $0.48 | $0.54 | $0.70 | $0.78 | $0.79 | $0.84 | $0.94 | $0.98 | $1.02 | $1.08 |
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Open AVNT in InvestinglyQuestions
What was Avient's revenue in 2025?
$3.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does Avient generate?
$195M in fiscal 2025 (operating cash flow minus capital spending).
From Avient's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.