
Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Its share of a mine out-earned its own operations
Equity income, mostly from the 49%-owned Windfield venture, exceeded operating profit, so much of the lithium profit never appears in sales.
For investorsWhat Albemarle's profit depends on if lithium prices turn
For foundersOwning part of your supplier: the Windfield playbook
Net sales rose 18.75% while cost of goods sold rose 5.22%, so most of the added sales stayed as gross profit.
With capital spending at 5.18% of net sales, free cash flow exceeded net income after years of spending above operating cash.
Through its 49% Windfield stake, Albemarle earns as converter in gross profit and as part-owner in equity income.
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Business Lens describes Albemarle Corporation from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.