Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Brenntag SE is the global market leader in chemicals and ingredients distribution, headquartered in Essen, Germany. The company connects chemical manufacturers and end-users by managing complex supply chains, offering a full-line portfolio of over 10,000 industrial and specialty chemicals and ingredients sourced from a world-class supplier base. With more than 18,100 employees across approximately 600 sites in over 70 countries, Brenntag generated sales of EUR 16.2 billion in 2024. It operates through two key divisions: Brenntag Essentials, focusing on high-volume, cross-industry products like those for soaps, detergents, coatings, paints, and oil & gas extraction; and Brenntag Specialties, providing tailored solutions, technical support, and formulation expertise for sectors including pharmaceuticals, food & nutrition, personal care, home care, water treatment, and lubricants. Brenntag adds value through services such as repackaging, blending, just-in-time delivery, inventory management, and regulatory compliance, serving around 195,000 customers worldwide. Its strategic acquisitions, like MCE Pharma and Prime Surfactants, enhance capabilities in high-growth areas such as biopharma and surfactants, solidifying its role as a critical intermediary in the chemical industry value chain.
Operating margin is thin at 4.05%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 6.6% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from 8.76% to 4.34%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€14.76B
▼ -6.6% YoY
Net Income (TTM)
€233M
▼ -50.4% YoY
Op. Margin
3.80%
▼ -1.4pp YoY
ROIC
4.34%
▼ -4.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€656M
▲ +19.4% YoY
Op. Cash Flow (TTM)
€656M
▲ +3.5% YoY
Net Debt
€2.46B
Cash & Equiv.
€798M
3Y CAGR: -7.9%
3Y CAGR: -0.8%
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