Capital investment and capacitypositive · 5 filings
“We believe our growth in this business will be driven by continued capital expenditures in energy exploration and production.”10-Q · Jul 28, 2026 ↗
Element Solutions Inc
ESI
Market read
Element Solutions Inc's move is being confirmed by its market group.
ESI accounts for 6.9% of the group's measured movement across 9.8 effective names. raw member direction is mixed; 7 of 12 session-normalized paths align to the upside. Capital-flow agreement is 52%, so confirmation is not yet clean. No verified headline preceded the measured group move.
MOVE ANATOMY
Session-normalized 5m pathsIs this move genuinely shared?
Role in the moveCounter-move#7 of 12 by movement share
Group movement share6.9%Absolute path energy—not portfolio weight
Relative path-1.57%counter
Effective breadth9.8 / 12broad
Relative alignment7/12upside path · 5 counter-moving
Capital-flow agreement52%not yet clean
SEQUENCE READ
No material onset for ESI could be timestamped inside the aligned 5-minute window.
What changed
- Revenue increased 41.5% versus the comparable filing period.
- Net income decreased 43.0% versus the comparable filing period.
EVIDENCE COVERAGE
5 of 29 members in Semiconductor Manufacturing are active. 0 of 3 disclosed connections are confirming.
What would change this read
Watch this read- At least 19 of 29 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as KLIC begins moving with the group.
Invalidation: The live read weakens if participation falls to 10 of 29 members or fewer.
Research brief
The story so far
ESI accounts for 6.9% of the group's measured movement across 9.8 effective names. raw member direction is mixed; 7 of 12 session-normalized paths align to the upside. Capital-flow agreement is 52%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Evidence that supports
- Revenue increased 41.5% versus the comparable filing period.
Evidence that challenges
- Net income decreased 43.0% versus the comparable filing period.
- Gross margin fell 3.8 percentage points.
- Net margin fell 9.9 percentage points.
What would clarify the read
- At least 19 of 29 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as KLIC begins moving with the group.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations341
Usable filing statements180
Verified relationships4
Evidence supporting the case
- Capital investment and capacity has repeated favorable evidence across 5 filings.
- Data center and AI demand has repeated favorable evidence across 5 filings.
- Demand and volume has repeated favorable evidence across 5 filings.
Evidence challenging the case
- Net margin changed -2.5 percentage points in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- Foreign exchange has repeated adverse evidence across 5 filings.
- Input and raw-material costs has repeated adverse evidence across 4 filings.
Questions before a position
- P/E is 149% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 107% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 30, 2026
36.276m+6.2%12m+45.2%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$2.4B+29.5%$0.82-0.8%
2022-12-31$2.5B+6.2%$0.76-0.8%
2023-12-31$2.3B-8.5%$0.49-1.6%
2024-12-31$2.5B+5.3%$1.01+0.3%
2025-12-31$2.6B+3.8%$0.79-0.1%
What management says matters
Persistent and emerging business drivers
Credit and interest ratesmixed · 5 filings
“26 Other (Expense) Income Three Months Ended March 31, (dollars in millions) 2026 2025 Other (expense) income Interest expense, net $ (21.5) $ (14.3) Foreign exchange losses (0.9) (6.3) Other expense, net (6.3) (13.1) Gain on divestitures — 72.1 Total $ (28.7…”10-Q · Apr 29, 2026 ↗
Data center and AI demandpositive · 5 filings
“The increase in organic net sales was primarily due to continued AI and data center investment driving demand for metallization solutions.”10-Q · Jul 28, 2026 ↗
Demand and volumepositive · 5 filings
“The increase in organic net sales was primarily due to increased demand in Asia for plating solutions for advanced packaging and inflation on precious metals content within these products, as well as growth in power electronics.”10-Q · Jul 28, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.4× · EV/sales 3.8×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
36.32+1.0% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 13:45 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for ESI. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-29 against the comparable filing from 2025-04-24.
OperationsmixedEvidence score +1
liquiditycautiousEvidence score -1
valuationpremium
What improved
- Revenue increased 41.5% versus the comparable filing period.
What weakened
- Net income decreased 43.0% versus the comparable filing period.
- Gross margin fell 3.8 percentage points.
- Net margin fell 9.9 percentage points.
Filing receipts
“The increase in organic net sales was primarily due to increased demand in Asia for plating solutions for advanced packaging and inflation on precious metals content within these products, as well as growth in power electronics.”
“The increase in gross margin excluding the impact of pass-through metals was primarily due to positive mix from higher value product sales within the portfolio, including the Micromax products.”
“26 Other (Expense) Income Three Months Ended March 31, (dollars in millions) 2026 2025 Other (expense) income Interest expense, net $ (21.5) $ (14.3) Foreign exchange losses (0.9) (6.3) Other expense, net (6.3) (13.1) Gain on divestitures — 72.1 Total $ (28.7) $ 38.4 Interest expense, net For the three months ended March 31, 2026 and 2025, interest expense, net increased $7.2 million primarily due to a higher effective interest rate on a higher outstanding term loan principal balance and lower interest income when compared to the prior year period as well as interest expense borrowings under the Company's revolving credit facility in the first quarter of 2026.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind ESI
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
QQnity Electronics, Inc.competitorFeb 18, 2026 ▾
“Although competition varies by end-market and geography, our most significant competitors are MKS Instruments, Qnity Electronics, Inc., Henkel Corporation, Senju Metal Industry Co.”
Depended on by
CECelanese CorporationpartnerMay 6, 2026 ▾
“On February 2, 2026, we completed the sale of the Micromax ® business to Element Solutions Inc for a purchase price of $493 million, subject to customary transaction adjustments.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
ESI is currently a Early Follower in the organic co-movement group Semiconductor Manufacturing. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.