A Business at a Glance
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AVIENT CORP
AVNT
$3.5B
Mkt Cap
$37.60
+2.62%
AVIENT CORP (AVNT) has a current P/E ratio of 42.2, compared to its historical median P/E of 20.2. The stock is currently considered Expensive based on its historical valuation range.
AVIENT CORP (AVNT) has a 5-year average return on invested capital (ROIC) of 5.7%. This is below average and may indicate limited pricing power.
AVIENT CORP (AVNT) has a market capitalization of $3.4B. It is classified as a mid-cap stock.
Yes, AVIENT CORP (AVNT) pays a dividend with a trailing twelve-month yield of 2.88%.
Based on historical P/E analysis, AVIENT CORP (AVNT) appears expensive. The current P/E of 42.2 is 109% above its historical median of 20.2. The estimated fair value CAGR (P/E method) is -11.1%.
AVIENT CORP (AVNT) operates in the Plastic Materials, Synth Resins & Nonvulcan Elastomers industry, within the Materials sector.
AVIENT CORP (AVNT) reported annual revenue of $3.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Avient Corporation is an innovator of materials solutions that formulates specialty engineered materials, performance fibers, advanced composites, and color and additive solutions for customers across diverse end markets. The company sources commodity base resins and polymers from large chemical producers, then applies proprietary formulation expertise and materials science to create highly engineered, differentiated products tailored to specific applications in packaging, defense, healthcare, industrial, transportation, building and construction, telecommunications, and energy sectors. Avient operates a global manufacturing footprint of 98 sites across North America, South America, Asia, Europe, the Middle East, and Africa, with approximately 61% of sales derived from customers outside the United States, positioning the company as a critical intermediary between commodity resin suppliers and end-product manufacturers who require reliable global supply, local technical support, and performance-enhancing materials solutions. The business model is characterized by value-added formulation and customization rather than commodity production, enabling the company to command pricing power through differentiated product performance and customer lock-in via technical relationships and innovation pipelines. Key growth vectors include defense applications (ultra-high molecular weight fiber for tactical equipment and military vehicles), healthcare (drug delivery devices and medical tubing), electronics and high-performance computing solutions, and wire and cable for data center infrastructure, which collectively represent emerging platforms of scale complementing the core color, additives, and specialty engineered materials segments.
【Cautious demand recovery ahead】 Management expects macro volatility to persist through 2026 driven by trade policies and geopolitics, but anticipates selective market improvement in consumer, industrial, and building and construction segments that faced headwinds in 2025, while defense, healthcare, and telecommunications remain resilient growth drivers supported by government spending initiatives and secular trends. The company is balancing organic growth acceleration with continued productivity and cost discipline to ensure earnings expansion regardless of demand trajectory, leveraging innovation pipelines and growth vectors that are expected to scale meaningfully as new products reach commercialization. Pricing discipline is expected to continue, with management confident in maintaining net price benefits through disciplined value pricing and raw material cost management, while volume growth is anticipated to accelerate in the second half of 2026 due to favorable year-over-year comparisons and improving end-market conditions. Capital deployment remains focused on debt reduction to reach below 2.5x net leverage by the back half of 2026, with incremental capacity investments in defense-related Dyneema-based businesses and electronics solutions to support anticipated growth, followed by potential shareholder returns once leverage targets are achieved.
| Metric | Target | Period |
|---|---|---|
| Adjusted EBITDA | $555 million to $585 million | FY2026 |
| Adjusted EPS | $2.93 to $3.17 | FY2026 |
| Free Cash Flow | $200 million to $220 million | FY2026 |
| Capital Expenditures | $140 million | FY2026 |
Adjusted EBITDA (FY2026): “we are establishing full year guidance for Adjusted EBITDA of $555 million-$585 million, which is up 2%-7% year-over-year”
Adjusted EPS (FY2026): “Adjusted EPS of $2.93- $3.17, which reflects 4%-12% growth over the prior year”
Free Cash Flow (FY2026): “we expect another strong year of cash generation with an anticipated range of $200 million-$220 million for the full year”
Capital Expenditures (FY2026): “This assumes capital expenditures of $140 million, which is approximately $33 million more than 2025”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.3B | 3.3B | 3.2B | 3.1B | 3.4B | 3.3B |
| Net Income | 158M | 82M | 170M | 76M | 703M | 231M |
| EPS | $1.68 | $0.89 | $1.84 | $0.83 | $7.63 | $2.51 |
| Free Cash Flow | 205M | 195M | 135M | 82M | 293M | 133M |
| ROIC | 5.8% | 4.0% | 6.4% | 4.4% | 7.0% | 6.9% |
| Gross Margin | 31.2% | 31.2% | 32.6% | 28.4% | 26.0% | 28.5% |
| Debt/Equity | 0.80 | 0.84 | 0.93 | 0.92 | 0.96 | 1.08 |
| Dividends/Share | $1.08 | $1.09 | $1.04 | $1.00 | $0.96 | $0.88 |
| Operating Income | 299M | 204M | 329M | 197M | 243M | 280M |
| Operating Margin | 9.1% | 6.2% | 10.2% | 6.3% | 7.2% | 8.4% |
| ROE | 6.6% | 3.5% | 7.3% | 3.3% | 34.2% | 13.3% |
| Shares Outstanding | 92M | 92M | 92M | 91M | 92M | 92M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 3.8B | N/A | 2.9B | 2.6B | 2.9B | 2.9B | 2.2B | 3.3B | 3.4B | 3.1B | 3.2B | 3.3B | 3.3B |
| Gross Margin | 18.5% | N/A | 23.0% | 23.0% | 21.7% | 23.0% | 29.8% | 28.5% | 26.0% | 28.4% | 32.6% | 31.2% | 31.2% |
| R&D | 53M | 49M | 50M | 45M | 50M | 51M | 60M | 83M | 85M | 90M | 99M | 97M | 97M |
| SG&A | 553M | 394M | 409M | 423M | 446M | 500M | 548M | 664M | 639M | 696M | 727M | 812M | 726M |
| EBIT | 155M | 258M | 268M | 173M | 179M | 157M | 112M | 280M | 243M | 197M | 329M | 204M | 299M |
| Op. Margin | 4.0% | N/A | 9.1% | 6.7% | 6.2% | 5.5% | 5.0% | 8.4% | 7.2% | 6.3% | 10.2% | 6.2% | 9.1% |
| Net Income | 79M | 145M | 165M | -58M | 160M | 589M | 132M | 231M | 703M | 76M | 170M | 82M | 158M |
| Net Margin | 2.1% | N/A | 5.6% | -2.2% | 5.5% | 20.6% | 5.9% | 7.0% | 20.7% | 2.4% | 5.2% | 2.5% | 4.8% |
| Non-Recurring | 95M | 42M | 24M | 4.5M | 3.0M | 0 | 20M | 15M | 588M | 26M | 4.5M | 120M | 120M |
| Returns on Capital | |||||||||||||
| ROIC | 8.6% | 14.1% | 11.8% | 10.1% | 9.1% | 28.4% | 5.1% | 6.9% | 7.0% | 4.4% | 6.4% | 4.0% | 5.8% |
| ROE | 9.0% | 19.5% | 23.1% | -8.7% | 28.1% | 73.9% | 9.6% | 13.3% | 34.2% | 3.3% | 7.3% | 3.5% | 6.6% |
| ROA | 2.8% | 5.5% | 6.2% | -2.1% | 5.9% | 19.6% | 3.2% | 4.7% | 12.7% | 1.3% | 2.9% | 1.4% | 2.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 208M | 240M | 228M | 202M | 254M | 301M | 222M | 234M | 398M | 202M | 257M | 302M | 318M |
| Free Cash Flow | 116M | 149M | 143M | 123M | 178M | 219M | 158M | 133M | 293M | 82M | 135M | 195M | 205M |
| Owner Earnings | 70M | 127M | 119M | 95M | 154M | 202M | 98M | 78M | 222M | -400K | 62M | 107M | 121M |
| CapEx | 93M | 91M | 84M | 80M | 76M | 82M | 64M | 101M | 106M | 119M | 122M | 107M | 113M |
| Maint. CapEx | 124M | 104M | 101M | 97M | 89M | 88M | 112M | 144M | 163M | 189M | 180M | 186M | 189M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 124M | 104M | 101M | 97M | 89M | 88M | 112M | 144M | 163M | 189M | 180M | 186M | 189M |
| CapEx/OCF | 44.5% | 40.1% | 37.0% | 39.3% | 30.0% | 27.2% | 28.7% | 43.0% | 26.5% | 59.2% | 47.5% | 35.3% | 35.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 30M | 36M | 40M | 44M | 56M | 60M | 71M | 78M | 87M | 90M | 94M | 99M | 99M |
| Dividend Yield | 1.1% | 1.4% | 1.8% | 1.7% | 2.1% | 3.0% | 3.2% | 1.9% | 2.4% | 2.8% | 2.4% | 3.1% | 2.9% |
| Share Buybacks | 233M | 156M | 86M | 71M | 123M | 27M | 22M | 4.2M | 36M | 0 | 0 | 0 | 0 |
| Buyback Yield | 8.2% | 6.8% | 3.9% | 2.4% | 6.5% | 1.1% | 0.7% | 0.1% | 1.3% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 14M | 9.1M | 8.4M | 10M | 11M | 12M | 11M | 11M | 13M | 13M | 15M | 9.1M | 8.8M |
| Debt Repayment | 8.0M | 365M | 6.0M | 6.5M | 6.5M | 6.5M | 6.5M | 19M | 957M | 106M | 661M | 150M | 150M |
| Balance Sheet | |||||||||||||
| Net Debt | 772M | 867M | 1.0B | 1.1B | 1.2B | 428M | 1.3B | 1.3B | 1.6B | 1.6B | 1.6B | 1.5B | 1.5B |
| Cash & Equiv. | 239M | 280M | 227M | 244M | 171M | 865M | 650M | 601M | 641M | 546M | 545M | 510M | 428M |
| Long-Term Debt | 949M | 1.1B | 1.2B | 1.3B | 1.3B | 1.2B | 1.9B | 1.9B | 2.2B | 2.1B | 2.1B | 1.9B | 1.9B |
| Debt/Equity | 1.30 | 1.63 | 1.74 | 2.19 | 2.51 | 1.23 | 1.15 | 1.08 | 0.96 | 0.92 | 0.93 | 0.84 | 0.80 |
| Interest Coverage | 2.5 | 4.0 | 4.5 | 2.8 | 2.9 | 2.3 | 1.8 | 3.9 | 3.5 | 1.9 | 3.9 | 2.1 | 2.1 |
| Equity | 776M | 704M | 725M | 599M | 540M | 1.1B | 1.7B | 1.8B | 2.3B | 2.3B | 2.3B | 2.4B | 2.4B |
| Total Assets | 2.7B | 2.6B | 2.7B | 2.7B | 2.7B | 3.3B | 4.9B | 5.0B | 6.1B | 6.0B | 5.8B | 6.0B | 5.9B |
| Total Liabilities | 1.9B | 1.9B | 2.0B | 2.1B | 2.2B | 2.2B | 3.2B | 3.2B | 3.7B | 3.6B | 3.5B | 3.6B | 377M |
| Intangibles | 363M | 345M | 343M | 400M | 422M | 469M | 1.0B | 925M | 1.6B | 1.6B | 1.5B | 1.5B | 1.4B |
| Retained Earnings | 260M | 367M | 491M | 387M | 473M | 1.0B | 1.1B | 1.2B | 1.8B | 1.8B | 1.9B | 1.9B | 1.9B |
| Working Capital | 398M | 463M | 440M | 496M | 441M | 811M | 801M | 886M | 700M | 634M | 666M | 555M | 621M |
| Current Assets | 998M | 961M | 950M | 1.1B | 999M | 1.5B | 1.6B | 1.8B | 1.6B | 1.4B | 1.4B | 1.4B | 1.4B |
| Current Liabilities | 601M | 498M | 510M | 571M | 558M | 703M | 801M | 941M | 869M | 774M | 756M | 846M | 803M |
| Per Share Data | |||||||||||||
| EPS | 0.85 | 1.63 | 1.95 | -0.70 | 1.99 | 7.58 | 1.45 | 2.51 | 7.63 | 0.83 | 1.84 | 0.89 | 1.68 |
| Owner EPS | 0.75 | 1.43 | 1.40 | 1.15 | 1.92 | 2.60 | 1.09 | 0.85 | 2.41 | -0.00 | 0.67 | 1.16 | 1.32 |
| Book Value | 8.33 | 7.94 | 8.55 | 7.26 | 6.72 | 13.55 | 18.70 | 19.30 | 25.33 | 25.43 | 25.12 | 25.80 | 26.23 |
| Cash Flow/Share | 2.24 | 2.71 | 2.69 | 2.46 | 3.16 | 3.87 | 2.44 | 2.54 | 4.32 | 2.21 | 2.79 | 3.28 | 3.78 |
| Dividends/Share | 0.34 | 0.42 | 0.50 | 0.58 | 0.72 | 0.79 | 0.82 | 0.88 | 0.96 | 1.00 | 1.04 | 1.09 | 1.08 |
| Shares Out. | 93.2M | 88.7M | 84.7M | 82.4M | 80.3M | 77.7M | 90.8M | 92.0M | 92.1M | 91.2M | 92.1M | 92.0M | 91.7M |
| Valuation | |||||||||||||
| P/E Ratio | 35.9 | 15.9 | 13.4 | N/A | 11.9 | 4.2 | 24.6 | 20.2 | 4.0 | 48.3 | 21.3 | 35.7 | 22.4 |
| P/FCF | 24.6 | 15.4 | 15.5 | 24.3 | 10.7 | 11.2 | 20.5 | 35.0 | 9.5 | 44.5 | 26.8 | 15.0 | 16.8 |
| EV/EBIT | 22.2 | 11.5 | 10.6 | 14.1 | 17.4 | 18.1 | 23.6 | 21.2 | 17.8 | 26.4 | 15.6 | 21.3 | 16.6 |
| Price/Book | 3.7 | 3.3 | 3.1 | 5.0 | 3.5 | 2.3 | 1.9 | 2.6 | 1.2 | 1.6 | 1.6 | 1.2 | 1.4 |
| Price/Sales | 0.7 | 0.8 | 0.8 | 0.8 | 0.9 | 0.7 | 0.7 | 1.2 | 1.1 | 1.0 | 1.2 | 1.0 | 1.1 |
| FCF Yield | 4.1% | 6.5% | 6.5% | 4.1% | 9.3% | 8.9% | 4.9% | 2.9% | 10.5% | 2.2% | 3.7% | 6.7% | 5.9% |
| Market Cap | 2.8B | 2.3B | 2.2B | 3.0B | 1.9B | 2.5B | 3.2B | 4.7B | 2.8B | 3.7B | 3.6B | 2.9B | 3.4B |
| Avg. Price | 29.54 | 28.57 | 26.03 | 30.92 | 33.85 | 26.15 | 24.49 | 44.01 | 39.53 | 35.53 | 42.46 | 34.74 | 37.60 |
| Year-End Price | 30.56 | 25.84 | 26.16 | 36.15 | 23.69 | 31.63 | 35.64 | 50.68 | 30.25 | 40.08 | 39.23 | 31.77 | 37.60 |
AVIENT CORP passes 2 of 9 quality checks, indicating weak fundamentals.
AVIENT CORP trades at 42.2x trailing earnings, compared to its 15-year median P/E of 20.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 17.7x vs a median of 18.0x. The company's 5-year average ROIC is 5.7% with a gross margin of 29.3%. Total shareholder yield (dividends) is 2.9%. At current prices, the estimated annualized return to fair value is -7.5%.
AVIENT CORP (AVNT) has a net profit margin of 2.5%. This is a modest margin.
AVIENT CORP (AVNT) generated $195 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
AVIENT CORP (AVNT) has a debt-to-equity ratio of 0.84. This indicates moderate leverage.
AVIENT CORP (AVNT) reported earnings per share (EPS) of $0.89 in its most recent fiscal year.
AVIENT CORP (AVNT) has a return on equity (ROE) of 3.5%. This indicates moderate shareholder returns.
AVIENT CORP (AVNT) has a 5-year average gross margin of 29.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for AVIENT CORP (AVNT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AVIENT CORP (AVNT) has a book value per share of $25.80, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects macro volatility to persist through 2026 driven by trade policies and geopolitics, but anticipates selective market improvement in consumer, industrial, and building and construction segments that faced headwinds in 2025, while defense, healthcare, and telecommunications remain resilient growth drivers supported by government spending initiatives and secular trends. The company is balancing organic growth acceleration with continued productivity and cost discipline to ensure earnings expansion regardless of demand trajectory, leveraging innovation pipelines and growth vectors that are expected to scale meaningfully as new products reach commercialization. Pricing discipline is expected to continue, with management confident in maintaining net price benefits through disciplined value pricing and raw material cost management, while volume growth is anticipated to accelerate in the second half of 2026 due to favorable year-over-year comparisons and improving end-market conditions. Capital deployment remains focused on debt reduction to reach below 2.5x net leverage by the back half of 2026, with incremental capacity investments in defense-related Dyneema-based businesses and electronics solutions to support anticipated growth, followed by potential shareholder returns once leverage targets are achieved.
Based on recent SEC filings and earnings calls, AVIENT CORP (AVNT) has provided the following forward guidance: Adjusted EBITDA: $555 million to $585 million (FY2026); Adjusted EPS: $2.93 to $3.17 (FY2026); Free Cash Flow: $200 million to $220 million (FY2026); Capital Expenditures: $140 million (FY2026).
No recent press releases.