Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Celanese Corp.CE · chemicals | |
|---|---|
| Grade |  Eweakest fifth of 331 graded peers; percentile 90.6, sampling error 2.7 points; lower is stronger |
| Rank | 297 of 331 |
| Profitability | C/Dpercentile 58.3 |
| Solvency | Dpercentile 73.4 |
| Growth and financing | Dpercentile 70.4 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $21.7B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: short runway, distress |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Feb 24, 2026227 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $44.852026-10-08; market equity $4.9B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Feb 24, 2026; the document on sec.gov.
In this Annual Report on Form 10-K, the term "Celanese" refers to Celanese Corporation, a Delaware corporation, and not its subsidiaries. The terms "Company," "we," "our" and "us" refer to Celanese and its subsidiaries on a consolidated basis. The term "Celanese U.S." refers to the Company's subsidiary, Celanese US Holdings LLC, a Delaware limited liability company, and not its subsidiaries. This Annual Report on Form 10-K includes industry data obtained from industry publications and surveys, as well as our own internal company surveys.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 58.3 | |||||||
| Gross profitability | 9.0% | [1,3] | 21.3% | 82.4 | 359 | 2025-12-31 | |
| Return on invested capital | not computable | 9.5% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Accruals ratio | (10.4%) | [1,4-6] | (4.2%) | 19.5 | 400 | 2025-12-31 | |
| Gross margin stability, five years | 3.7 pts | [2-3,7-14] | 2.2 pts | 73.0 | 301 | 2025-12-31 | |
| Solvency, sleeve percentile 73.4 | |||||||
| Twelve-month failure probability | not computable | 0.05% | |||||
| liabilities and a nearby cover-page share count are required at 2026-06-30 | |||||||
| Altman Z double-prime | not computable | 3.41 | |||||
| one or more required annual facts are missing | |||||||
| Net debt to EBITDA | not computable | 1.88x | |||||
| latest aligned inputs end 2022-12-31; latest annual assets end 2025-12-31 | |||||||
| Interest coverage | (1.12x) | [15-16] | 4.16x | 75.9 | 88 | 2025-12-31 | |
| Current ratio | 1.55x | [17-18] | 2.20x | 70.9 | 423 | 2025-12-31 | |
| Growth and financing, sleeve percentile 70.4 | |||||||
| Revenue growth, three-year compound | (0.4%) | [2,8,10,12] | 1.2% | 57.6 | 350 | 2025-12-31 | |
| Free cash flow growth, three-year compound | (14.3%) | [5,19-25] | 12.6% | 85.4 | 179 | 2025-12-31 | |
| Reinvestment rate | not computable | 24.3% | |||||
| NOPAT must exceed $100,000 | |||||||
| Asset growth, three years | (6.2%) | [1,6,26-27] | 2.9% | 81.2 | 369 | 2025-12-31 | |
| Net share issuance, one year | 0.2% | [28-29] | 0.0% | 57.5 | 321 | 2026-02-20 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.399; sampling error 2.7 percentile points on 331 peers.
Among 331 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 292 | Boeing Co. (BA) Boeing Co. (BA) Eweakest fifth; percentile 90.0 NYSE · Aircraft last close $187.74 No active warnings; 11 of 14 inputs | 90.0 | E | |
| 293 | Boeing Co. (BA-PA) Boeing Co. (BA-PA) Eweakest fifth; percentile 90.0 NYSE · Aircraft No active warnings; 11 of 14 inputs | 90.0 | E | |
| 294 | Albemarle Corp. (ALB) Albemarle Corp. (ALB) Eweakest fifth; percentile 90.2 NYSE · Plastic Materials, Synth Resins & Nonvulcan Elastomers last close $102.12 No active warnings; 8 of 14 inputs | 90.2 | E | |
| 295 | Albemarle Corp. (ALB-PA) Albemarle Corp. (ALB-PA) Eweakest fifth; percentile 90.2 NYSE · Plastic Materials, Synth Resins & Nonvulcan Elastomers No active warnings; 8 of 14 inputs | 90.2 | E | |
| 296 | Metallus Inc. (MTUS) Metallus Inc. (MTUS) Eweakest fifth; percentile 90.6 NYSE · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) market equity $814.1M; last close $19.66 Warnings: fortress balance sheet; 7 of 14 inputs | 90.6 | E | fortress balance sheet |
| 297 | Celanese Corp. (CE) Celanese Corp. (CE) Eweakest fifth; percentile 90.6 NYSE · Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) market equity $4.9B; last close $44.85 No active warnings; 9 of 14 inputs | 90.6 | E | |
| 298 | Greif, Inc. (GEF) Greif, Inc. (GEF) Eweakest fifth; percentile 91.1 NYSE · Metal Shipping Barrels, Drums, Kegs & Pails last close $81.83 No active warnings; 8 of 14 inputs | 91.1 | E | |
| 299 | Greif, Inc. (GEF-B) Greif, Inc. (GEF-B) Eweakest fifth; percentile 91.1 NYSE · Metal Shipping Barrels, Drums, Kegs & Pails last close $107.78 No active warnings; 8 of 14 inputs | 91.1 | E | |
| 300 | Tronox Holdings plc (TROX) Tronox Holdings plc (TROX) Eweakest fifth; percentile 91.5 NYSE · Industrial Inorganic Chemicals market equity $603.7M; last close $3.79 No active warnings; 10 of 14 inputs | 91.5 | E | |
| 301 | Emerson Electric Co. (EMR) Emerson Electric Co. (EMR) Eweakest fifth; percentile 91.7 NYSE · Electronic & Other Electrical Equipment (No Computer Equip) market equity $88.7B; last close $159.05 No active warnings; 8 of 14 inputs | 91.7 | E | |
| 302 | Aemetis, Inc. (AMTX) Aemetis, Inc. (AMTX) Eweakest fifth; percentile 91.8 Nasdaq · Industrial Organic Chemicals market equity $124.9M; last close $1.73 Warnings: short runway; 8 of 14 inputs | 91.8 | E | short runway |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | E | 87.3 | 2204 |
| sector peers, equal sleeves (the grade) | E | 90.6 | 331 |
| same exchange, equal sleeves | E | 91.9 | 984 |
| sector peers, equal inputs | E | 87.9 | 331 |
Each letter is one fifth of the 331 graded peers, about 66 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 8.3% | 13.8% | 43 | hotter than 43 of 100 peers |
| Distance from 52-week high | (35.3%) | (24.2%) | 30 | closer to its high than 30 of 100 peers |
| EBIT to enterprise value | (5.6%) | 3.9% | 12 | pricier than 88 of 100 peers |
| Free cash flow yield | 16.3% | 3.2% | 96 | pricier than 4 of 100 peers |
| Book value to price | 0.85 | 0.39 | 82 | pricier than 18 of 100 peers |
| Sales to price | 1.94 | 0.57 | 84 | pricier than 16 of 100 peers |
| Composite equity issuance, five years | (12.9%) | (9.9%) | 39 | more equity-funded than 39 of 100 peers |
| Relative strength against the sector, log excess return | (0.09) | (0.02) | 40 | ahead of 40 of 100 peers |
Inputs: market equity $4.9B; EBIT -$786.0M; free cash flow $803.0M; book equity $4.2B; sales $9.5B; debt $10.7B; cash $1.5B[30].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 5 of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (5.1%) | ✗ fail[4,6] |
| Operating cash flow above zero | $1.1B | ✓ pass[5] |
| Return on assets improved | 0.7 pts | ✓ pass[4,6,26,31] |
| Operating cash flow exceeds net income | $2.3B | ✓ pass[4-5] |
| Long-term leverage fell | 6.4 pts | ✗ fail[1,6,26,32-33] |
| Current ratio improved | 22.8 pts | ✓ pass[17-18,34-35] |
| No new shares issued | 0.2% | ✗ fail[28-29] |
| Gross margin improved | (2.3 pts) | ✗ fail[2-3,7-8] |
| Asset turnover improved | 3.2 pts | ✓ pass[2,6,8,26] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | n/a |
| Operating cash flow, four quarters | n/a[5,36-39] |
| Months of runway | not finite |
| cash is missing at the end of the latest cash-flow quarter | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 65 |
| 10-Q received Aug 5, 2026 | |
| Median daily dollar volume | $70.5M |
| 63 sessions | |
| Days since newest grade input | 227 |
Downloads [top]
|
Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $21.7B | 2025-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $9.5B | 2025-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $2.0B | 2025-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | -$1.2B | 2025-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $1.1B | 2025-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $22.8B | 2024-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $2.3B | 2024-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $10.3B | 2024-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $2.6B | 2023-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $10.9B | 2023-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $2.4B | 2022-12-31 | 2025-02-21 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $9.7B | 2022-12-31 | 2025-02-21 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $2.7B | 2021-12-31 | 2024-02-23 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $8.5B | 2021-12-31 | 2024-02-23 | 10-K | filing · viewer · series |
| 15 | operating income | us-gaap:OperatingIncomeLoss | -$786.0M | 2025-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 16 | interest expense | us-gaap:InterestExpense | $701.0M | 2025-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 17 | current assets | us-gaap:AssetsCurrent | $5.7B | 2025-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 18 | current liabilities | us-gaap:LiabilitiesCurrent | $3.7B | 2025-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 19 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $343.0M | 2025-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 20 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $966.0M | 2024-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 21 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $435.0M | 2024-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 22 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $1.9B | 2023-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 23 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $568.0M | 2023-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 24 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $1.8B | 2022-12-31 | 2025-02-21 | 10-K | filing · viewer · series |
| 25 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $543.0M | 2022-12-31 | 2025-02-21 | 10-K | filing · viewer · series |
| 26 | assets | us-gaap:Assets | $26.6B | 2023-12-31 | 2025-02-21 | 10-K | filing · viewer · series |
| 27 | assets | us-gaap:Assets | $26.3B | 2022-12-31 | 2024-02-23 | 10-K | filing · viewer · series |
| 28 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 109,571,972 | 2026-02-20 | 2026-02-24 | 10-K | filing · viewer · series |
| 29 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 109,332,326 | 2025-02-17 | 2025-02-21 | 10-K | filing · viewer · series |
| 30 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 109,748,926 | 2026-08-03 | 2026-08-05 | 10-Q | filing · viewer · series |
| 31 | net income | us-gaap:NetIncomeLoss | -$1.5B | 2024-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 32 | long term debt | us-gaap:LongTermDebtAndCapitalLeaseObligations | $11.4B | 2025-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 33 | long term debt | us-gaap:LongTermDebtAndCapitalLeaseObligations | $11.1B | 2024-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 34 | current assets | us-gaap:AssetsCurrent | $5.1B | 2024-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 35 | current liabilities | us-gaap:LiabilitiesCurrent | $3.9B | 2024-12-31 | 2026-02-24 | 10-K | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $285.0M | 2026-06-30 | 2026-08-05 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $76.0M | 2026-03-31 | 2026-05-06 | 10-Q | filing · viewer · series |
| 38 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $894.0M | 2025-09-30 | 2025-11-07 | 10-Q | filing · viewer · series |
| 39 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $447.0M | 2025-06-30 | 2026-08-05 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 90.6 is 10.6 points from the nearest band edge; sampling error is 2.7 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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