Flagship explainer

How STEPAN COMPANY makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$2.3B · 100%Cost of revenue$2.1B · 88%Gross profit$270M · 12%Operating income$78.5M · 3%Income before tax$59.9M · 3%Income tax$13M · 1%Net income$46.9M · 2%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$2.3B100%
Cost of revenue$2.1B88%
$270M12%
$78.5M3%
Income before tax$59.9M3%
Income tax$13M1%
$46.9M2%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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