v3.25.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Revenues $ 5,142,733 $ 5,377,526 $ 9,617,203
Cost of goods sold [1] 4,474,014 5,314,987 8,431,294
Gross profit 668,719 62,539 1,185,909
Selling, general and administrative expenses 550,036 618,048 910,002
Goodwill impairment 181,070 0 0
Long-lived asset impairment charges 245,600 0 0
Restructuring charges and asset write-offs 7,699 1,134,316 9,491
Research and development expenses 51,398 86,720 85,725
Gain on change in interest in properties/sale of business, net 0 0 (71,190)
Operating (loss) profit (367,084) (1,776,545) 251,881
Interest and financing expenses (207,651) (165,619) (116,072)
Other income, net 22,662 178,339 110,929
(Loss) income before income taxes and equity in net income of unconsolidated investments (552,073) (1,763,825) 246,738
Income tax expense 156,881 87,085 430,277
Loss before equity in net income of unconsolidated investments (708,954) (1,850,910) (183,539)
Equity in net income of unconsolidated investments (net of tax) 243,744 715,433 1,854,082
Net (loss) income (465,210) (1,135,477) 1,670,543
Net income attributable to noncontrolling interests (45,418) (43,972) (97,067)
Net (loss) income attributable to Albemarle Corporation (510,628) (1,179,449) 1,573,476
Mandatory convertible preferred stock dividends (166,750) (136,647) 0
Net (loss) income attributable to Albemarle Corporation common shareholders, basic (677,378) (1,316,096) 1,573,476
Net (loss) income attributable to Albemarle Corporation common shareholders, diluted $ (677,378) $ (1,316,096) $ 1,573,476
Basic earnings (loss) per share attributable to common shareholders (in dollars per share) $ (5.76) $ (11.20) $ 13.41
Diluted earnings (loss) per share attributable to common shareholders (in dollars per share) $ (5.76) $ (11.20) $ 13.36
Weighted-average common shares outstanding—basic (in shares) 117,664 117,516 117,317
Weighted-average common shares outstanding—diluted (in shares) 117,664 117,516 117,766
[1] Included purchases from related unconsolidated affiliates of $534.0 million, $1.7 billion and $2.3 billion for the years ended December 31, 2025, 2024 and 2023, respectively.