Top 20 Global Chemical Companies by Revenue in 2025

Resonac Holdings announced its 2025 financial results. Full-year revenue totaled ¥1.3471 trillion (approximately USD 8.458 billion), down from ¥1.3915 trillion in the prior year. Full-year operating profit amounted to ¥46.7 billion, compared to ¥89.0 billion the previous year. Net income attributable to parent company shareholders was ¥29.0 billion, down from ¥73.5 billion year-on-year. Yuntianhua released its 2025 annual report. The company’s full-year revenue stood at RMB 48.41 billion (approximately USD 7.09 billion), a 21.3% decline year-on-year; net income attributable to parent company shareholders was RMB 5.16 billion, down 3.3% year-on-year. In Q4 alone, revenue was RMB 10.82 billion, down 27.0% year-on-year; net income attributable to parent company shareholders was RMB 427 million, down 53.0% year-on-year. United States Dow Inc. announced its Q4 and full-year 2025 results. Q4 net sales were USD 9.46 billion, versus USD 10.405 billion in the prior-year period. Net loss attributable to common shareholders for the quarter was USD 1.543 billion, compared to a net loss of USD 53 million in the prior-year period. Full-year net sales totaled USD 39.968 billion, down from USD 42.964 billion in 2024. Full-year net loss attributable to common shareholders was USD 2.623 billion, versus net income of USD 1.116 billion in 2024. Ecolab announced its Q4 and full-year 2025 results. Q4 net sales were USD 4.196 billion, up 5% year-on-year from USD 4.005 billion. Operating profit for the quarter was USD 712 million, up 22% year-on-year from USD 583 million. Net income attributable to the company was USD 564 million, up 19% year-on-year from USD 473 million. Full-year net sales totaled USD 16.081 billion, up 2% year-on-year from USD 15.741 billion. Full-year operating profit was USD 2.738 billion, down 2% year-on-year from USD 2.802 billion. Full-year net income attributable to the company was USD 2.076 billion, down 2% year-on-year from USD 2.112 billion. Westlake Corporation announced its Q4 and full-year 2025 results. Q4 net sales were USD 2.533 billion, down from USD 2.843 billion year-on-year. Net loss attributable to the company for the quarter was USD 544 million, versus a net loss of USD 782 million in the prior-year period. Full-year net sales totaled USD 11.17 billion, down from USD 12.142 billion in 2024. Full-year net loss attributable to the company was USD 1.508 billion, versus net income of USD 602 million in 2024. International Flavors & Fragrances Inc. (IFF) announced its Q4 and full-year 2025 results. Q4 net sales were USD 2.589 billion, down 7% year-on-year from USD 2.771 billion. Operating profit for the quarter was USD 97 million, down 24% year-on-year from USD 127 million. Net income attributable to company shareholders was USD 18 million, versus a net loss of USD 60 million in the prior-year period. Full-year net sales totaled USD 10.89 billion, down 5% year-on-year from USD 11.184 billion. Full-year operating loss was USD 382 million, versus operating income of USD 766 million in 2024.

A data center thermal management company valued at USD 1 billion is seeking acquisition

Phononic was founded in 2009 by Tony Atti, a former NASA researcher; Matt Trevithick, a former Venrock partner; and Patrick McCann, a professor at the University of Oklahoma. The company develops thermoelectric coolers deployed across diverse applications—including smart mattresses and logistics shipping containers—where cooling is required. Its partners include global enterprises such as Thermo Fisher Scientific and Futai Technology, and it collaborates with Fabrinet to scale manufacturing capacity across the Asia-Pacific region. Since its inception, Phononic has completed multiple funding rounds, backed by investors including Oaktree Capital Management, GGV Capital, Qiming Venture Partners, Venrock, and Goldman Sachs Group. Phononic LinkedIn page Amid the rapid advancement of AI over the past two years, Phononic has shifted its business focus toward data center thermal management. In mid-November last year, the company launched an AI data center cooling solution. Its thermal management technology differs from mainstream liquid-cooling solutions currently adopted in data centers. Conventional liquid cooling requires pumps to circulate coolant through cold plates attached to servers. In contrast, Phononic’s thermal management modules—centered on its thermoelectric coolers (TECs)—can be directly mounted onto high-bandwidth memory chips and graphics processing units (GPUs), enabling localized cooling for chip clusters. These modules are compatible with and can operate synergistically alongside air-cooling and water-cooling systems. In 2022, Phononic’s most recent valuation stood at USD 600 million. Its current valuation has more than doubled since then—making it yet another example of industrial technology companies experiencing explosive valuation growth driven by the AI boom. Terms of the potential transaction remain under negotiation; Phononic may ultimately abandon the sale process and instead pursue additional financing. Over the past two years, AI companies’ insatiable demand for data centers has triggered a massive construction boom in the sector, fueled by the rapid expansion of the AI industry.

Ecolab Stock Gains on Stronger Growth and Clearer Margin Path

2 days ago

Ecolab reported Q3 2026 organic sales growth of 7% across key segments including Life Sciences, improving margins despite acquisition costs. The company reaffirmed its full-year earnings outlook and targets a 20% operating margin by 2027.

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Ecolab stock gains as organic growth strengthens margin path

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Ecolab reports quarterly earnings growth, expects 2026 income increase

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Ecolab implements global 10%-14% energy surcharge

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Ecolab Inc. Scheduled to Report Fiscal Q1 2026 Earnings

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A Look At Ecolab’s Valuation As Earnings Strength And Raised 2026 Guidance Support Investor Confidence