Ecovyst Inc. (ECVT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.19	$0.21	+10.5%	—	$250M	—
Q1 26	$0.05	$0.11	+120.0%	—	$215M	—
Q4 25	$0.15	$0.28	+86.7%	—	$199.4M	—
Q3 25	$0.13	$0.19	+46.2%	—	$204.9M	—
Q2 25	$0.1	$0.12	+20.0%	—	$200.1M	—
Q1 25	-$0.03	$0.01	+133.3%	—	$162.2M	—
Q4 24	$0.24	$0.28	+16.7%	—	$182M	—
Q3 24	$0.17	$0.14	-17.6%	—	$179.2M	—
Q2 24	$0.13	$0.12	-7.7%	—	$182.8M	—
Q1 24	$0.04	$0.04	0.0%	—	$160.5M	—
Q4 23	$0.23	$0.22	-4.3%	—	$172.8M	—
Q3 23	$0.21	$0.19	-9.5%	—	$173.3M	—
Q2 23	$0.28	$0.29	+3.6%	—	$184.1M	—
Q1 23	$0.05	$0.06	+20.0%	—	$160.9M	—
Q4 22	$0.23	$0.25	+8.7%	—	$182.7M	—
Q3 22	$0.24	$0.23	-4.2%	—	$232.5M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.62	—	—	$723.5M	—
FY24	—	-$0.06	—	—	$704.5M	—
FY23	—	$0.6	—	—	$691.1M	—
FY22	—	$0.52	—	—	$820.2M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.1B	$1.5B	$1.2B	$532.7M	$495.9M	$611.2M	$820.2M	$691.1M	$704.5M	$723.5M
YoY change	+173.7%	+38.3%	-16.5%	-56.6%	-6.91%	+23.2%	+34.2%	-15.7%	+1.94%	+2.7%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.1B	1.5B	1.2B	532.7M	495.9M	611.2M	820.2M	691.1M	704.5M	723.5M
Cost of revenue	810.1M	1.1B	925.5M	365.5M	345M	434.5M	595.5M	493.2M	503M	565.4M
Gross profit	254.1M	376.8M	303.4M	167.2M	151M	176.7M	224.6M	198M	201.5M	158.1M
Gross margin	23.9%	25.6%	24.7%	31.4%	30.4%	28.9%	27.4%	28.6%	28.6%	21.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	113.8M	150.5M	131.4M	83.5M	81.5M	97.8M	85.3M	79.2M	83.9M	66M
Operating expenses	118.6M	157.2M	147.8M	85.6M	82.9M	99.9M	87.5M	81M	85.2M	71M
Operating income	110.2M	187.6M	155.6M	72.8M	59.3M	66.4M	126.5M	106.4M	105.7M	78.4M
Operating margin	10.4%	12.7%	12.7%	13.7%	12%	10.9%	15.4%	15.4%	15%	10.8%
Non-operating income, net	-39M	-69.2M	19.2M	37.5M	-6.7M	-15.5M	5.4M	20.3M	-61.3M	-18.4M
Pretax income	-69.1M	-60.6M	84M	43.4M	2.2M	13.9M	94.7M	81.9M	-5M	25.8M
Income tax	10M	-119.2M	33.6M	12.3M	-52.1M	12.1M	24.9M	10.8M	1.6M	19.5M
Net income	-79.2M	58.6M	58.5M	80.3M	-278.8M	-139.9M	73.7M	71.2M	-6.7M	-71.1M
Net margin	-7.44%	3.98%	4.76%	15.1%	-56.2%	-22.9%	8.99%	10.3%	-0.94%	-9.83%
EBITDA	241.9M	379.1M	336.5M	195.3M	162.3M	169.4M	233.3M	221M	211M	157.7M
EPS	-0.77	0.52	0.44	0.59	-2.06	0.01	0.52	0.6	-0.06	-0.62
Diluted EPS	-0.77	0.52	0.43	0.59	-2.06	0.01	0.52	0.6	-0.06	-0.62

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	173.3M	172.8M	160.5M	182.8M	179.2M	182M	162.2M	200.1M	204.9M	199.4M	215M	250M
Cost of revenue	120.1M	125.5M	121.3M	129.2M	124.5M	128M	136.6M	150.4M	152.8M	152.7M	178.5M	200.1M
Gross profit	53.2M	47.3M	39.2M	53.7M	54.7M	53.9M	25.6M	49.7M	52.1M	46.8M	36.4M	49.8M
Gross margin	30.7%	27.4%	24.4%	29.4%	30.5%	29.6%	15.8%	24.8%	25.4%	23.4%	16.9%	19.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	16.9M	19.8M	21.6M	22.7M	19.9M	19.6M	21.3M	22.7M	15.7M	16.2M	19.1M	17.4M
Operating expenses	17.1M	20.8M	21.7M	22.9M	19.8M	20.9M	21.7M	25.3M	15.7M	19M	19.3M	17.6M
Operating income	33.4M	23.9M	14.9M	28.1M	32.3M	30.4M	1.3M	21.8M	34.2M	25.5M	14.9M	30.1M
Operating margin	19.3%	13.8%	9.27%	15.4%	18%	16.7%	0.78%	10.9%	16.7%	12.8%	6.95%	12.1%
Non-operating income, net	2.8M	13.1M	924K	-3.8M	-2.2M	-56.2M	5.6M	-2.6M	-5.3M	-8M	-2.4M	-11.8M
Pretax income	24.5M	23.1M	2.4M	11.4M	18.7M	-37.5M	-4.1M	8.1M	20.6M	8.2M	9.3M	14.9M
Income tax	7.9M	-6.8M	1.2M	3.1M	4.5M	-7.1M	-552K	2.1M	20.2M	-476K	3.6M	4.2M
Net income	16.6M	29.9M	1.2M	8.3M	14.3M	-30.4M	-3.6M	6M	-79.3M	5.7M	4.3M	7.9M
Net margin	9.56%	17.3%	0.76%	4.54%	7.95%	-16.7%	-2.22%	2.99%	-38.7%	2.88%	2.01%	3.15%
EBITDA	59.1M	60.3M	38.7M	50.7M	54M	67.5M	33.1M	51.9M	55.6M	46.5M	35.4M	49.7M
EPS	0.14	0.26	0.01	0.07	0.12	-0.26	-0.03	0.05	-0.7	0.05	0.04	0.07
Diluted EPS	0.14	0.26	0.01	0.07	0.12	-0.26	-0.03	0.05	-0.7	0.05	0.04	0.07

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	1.8B	—	2.3B	1.9B	1.4B	1.2B	—	891.7M	1.1B	1.1B
Enterprise value	—	4B	—	4.1B	3.2B	2.2B	2B	—	1.6B	1.4B	1.6B
Shares outstanding	104M	111.3M	133.4M	134.4M	135.5M	136.2M	133.6M	118.4M	116.7M	115.3M	115.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	31.3	—	28.7	—	—	16.1	—	—	—	43.7
P/S	—	1.24	—	4.33	3.9	2.28	1.44	—	1.27	1.55	1.26
P/B	—	1.12	—	1.29	1.51	1.88	1.67	—	1.27	1.86	1.87
EV/EBITDA	—	10.5	—	21.2	20	12.9	8.52	—	7.8	8.6	8.85
EV/Sales	—	2.71	—	7.78	6.55	3.57	2.42	—	2.33	1.87	1.79
Earnings yield	—	3.2%	—	3.48%	—	—	6.23%	—	—	—	2.29%
FCF yield	—	1.35%	—	9.2%	8.73%	5.01%	10.8%	—	9.08%	6.23%	11.5%
PEG	—	—	—	—	—	—	—	—	—	—	1.09

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	23.9%	25.6%	24.7%	31.4%	30.4%	28.9%	27.4%	28.6%	28.6%	21.8%	19.9%
Operating margin	10.4%	12.7%	12.7%	13.7%	12%	10.9%	15.4%	15.4%	15%	10.8%	8.82%
Net margin	-7.44%	3.98%	4.76%	15.1%	-56.2%	-22.9%	8.99%	10.3%	-0.94%	-9.83%	-7.06%
ROE	-7.7%	3.59%	3.52%	4.5%	-21.8%	-18.9%	10.4%	10.1%	-0.95%	-11.8%	4.04%
ROA	-1.86%	1.33%	1.35%	1.86%	-8.72%	-7.25%	3.91%	3.87%	-0.37%	-5.64%	3.67%
ROIC	3.13%	4.94%	2.51%	1.44%	2.29%	0.56%	6.17%	6.09%	7.27%	2.29%	4.82%
Return on tangible assets	-55.1%	25.3%	16.2%	6.35%	-13%	-16.9%	9.01%	8.94%	-0.83%	-14.5%	-17.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.03	1.9	2.19	2.11	2.12	2.01	2.07	2.07	2.64	2.64	1.7
Quick ratio	1.1	0.99	1.15	1.6	1.86	1.64	1.73	1.69	2.14	2.42	1.44
Debt / equity	2.49	1.37	1.27	1.06	1.12	1.25	1.29	1.28	1.28	0.71	0.93
Debt / assets	0.6	0.51	0.49	0.44	0.45	0.48	0.48	0.49	0.5	0.34	0.38
Net debt / EBITDA	10.3	5.71	6.11	9.4	8.11	4.64	3.44	3.67	3.57	1.48	2.45
Interest coverage	0.51	0.66	1.93	1.65	1.04	1.38	3.55	2.83	0.9	1.75	3.17
Effective tax rate	0%	0%	40%	28.3%	0%	87.1%	26.3%	13.2%	0%	75.6%	51.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	10.2	13.2	9.21	3.96	3.66	4.49	6.14	5.84	6.04	6.28	7.76
EPS (basic)	-0.77	0.52	0.44	0.59	-2.06	0.01	0.52	0.6	-0.06	-0.62	-0.62
EPS (diluted)	-0.77	0.52	0.43	0.59	-2.06	0.01	0.52	0.6	-0.06	-0.62	0.23
Book value per share	9.89	14.7	12.5	13.3	9.42	5.44	5.29	5.96	6	5.23	5.36
FCF per share	0.01	0.22	1.03	1.58	1.25	0.51	0.96	0.61	0.69	0.61	0.65
Cash per share	0.68	0.59	0.43	0.4	0.84	1.03	0.83	0.75	1.25	1.71	0.82
Capex per share	1.17	1.26	0.84	0.41	0.4	0.44	0.44	0.55	0.59	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	11.4%	9.54%	9.1%	10.4%	11.1%	9.82%	7.18%	9.45%	9.79%	—	—
Capex / operating cash flow	106.7%	179.1%	57.4%	44.7%	55.8%	64%	33.5%	42.9%	97.9%	—	—
Payout ratio	—	—	0%	0%	-87.4%	-311.3%	0%	0%	—	—	0%
Dividend yield	—	—	—	0%	12.6%	31.2%	0%	—	—	—	63.8%

Yield

63.8%

trailing twelve months

Frequency

Semi-annual

Last dividend

$3.20

ex-dividend Aug 11, 2021

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 11, 2021	$3.20
Dec 18, 2020	$1.80

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$173.3M	$172.8M	$160.5M	$182.8M	$179.2M	$182M	$162.2M	$200.1M	$204.9M	$199.4M	$215M	$250M
YoY change	-25.5%	-5.44%	-0.21%	-0.7%	+3.37%	+5.3%	+1.03%	+9.47%	+14.4%	+9.6%	+32.5%	+24.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	70.7M	66.2M	57.9M	53.9M	113.4M	140.9M	110.9M	88.4M	146M	197.2M
Receivables	160.6M	193.5M	196.8M	140M	45.9M	80.8M	74.8M	81.3M	77.9M	85.3M
Inventory	227M	262.4M	264.7M	137.6M	52.8M	53.8M	44.4M	45.1M	57.1M	26.8M
Total current assets	492.7M	549M	558.6M	569.5M	428.7M	291.7M	267.7M	246M	303.7M	319.4M
Property, plant & equipment	1B	1B	996.7M	898.9M	544.6M	548.5M	531.1M	516.3M	508.5M	459.5M
Goodwill & intangibles	4.1B	4.2B	4B	3.1B	1.1B	1.1B	1.1B	1B	1B	772.1M
Total assets	4.3B	4.4B	4.3B	4.3B	3.2B	1.9B	1.9B	1.8B	1.8B	1.3B
Accounts payable	128.5M	149.3M	148.4M	115M	38.1M	51.9M	40M	40.2M	43.9M	48M
Short-term debt	14.5M	45.2M	7.2M	11.9M	7M	20.5M	20M	20.3M	21.1M	9.5M
Total current liabilities	242.4M	288.4M	255.6M	270.4M	201.9M	145.1M	129.4M	119.1M	115.1M	120.8M
Long-term debt	2.5B	2.2B	2.1B	1.9B	1.4B	906.2M	893.5M	879.9M	878.1M	421.2M
Total liabilities	3.2B	2.8B	2.7B	2.5B	1.9B	1.2B	1.2B	1.1B	1.1B	657.5M
Shareholders' equity	1B	1.6B	1.7B	1.8B	1.3B	740.7M	707.2M	705.5M	700.5M	603.4M
Total debt	2.6B	2.2B	2.1B	1.9B	1.4B	926.7M	913.5M	900.2M	899.2M	430.7M
Net debt	2.5B	2.2B	2.1B	1.8B	1.3B	785.8M	802.6M	811.8M	753.2M	233.5M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	82M	197.2M	162.6M	87.8M
Receivables	—	—	—	—	—	—	—	—	83.3M	85.3M	94.1M	112.9M
Inventory	—	—	—	—	—	—	—	—	24.1M	26.8M	32.2M	40M
Total current assets	—	—	—	—	—	—	—	—	297.1M	319.4M	304.3M	261.4M
Property, plant & equipment	—	—	—	—	—	—	—	—	521.7M	459.5M	520.9M	587.1M
Goodwill & intangibles	—	—	—	—	—	—	—	—	778.1M	772.1M	766.7M	1.1B
Total assets	—	—	—	—	—	—	—	—	1.7B	1.3B	1.2B	1.4B
Accounts payable	—	—	—	—	—	—	—	—	47.1M	48M	49.7M	74M
Short-term debt	—	—	—	—	—	—	—	—	18.6M	9.5M	10.3M	13.2M
Total current liabilities	—	—	—	—	—	—	—	—	132.1M	120.8M	127.9M	153.6M
Long-term debt	—	—	—	—	—	—	—	—	876.9M	421.2M	425.8M	533.1M
Total liabilities	—	—	—	—	—	—	—	—	1.1B	657.5M	671.4M	833.8M
Shareholders' equity	—	—	—	—	—	—	—	—	607.9M	603.4M	575.2M	586.9M
Total debt	—	—	—	—	—	—	—	—	895.5M	430.7M	436.1M	546.3M
Net debt	—	—	—	—	—	—	—	—	813.5M	233.5M	273.6M	458.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-79.2M	58.6M	50.4M	31.1M	54.3M	1.8M	69.8M	71.2M	-6.7M	6.3M
Depreciation & amortization	128.3M	177.1M	153.9M	74.8M	76.9M	79.7M	79.2M	84.6M	89.4M	78.6M
Stock-based compensation	5.4M	8.8M	18.4M	13.3M	17.2M	31.8M	20.6M	16M	14M	9.7M
Change in working capital	30.5M	-31.4M	-14.8M	801K	10.9M	-22.8M	5.3M	-5.1M	-5.7M	-12.2M
Operating cash flow	113.8M	78.4M	194.7M	123.5M	98.2M	93.8M	175.9M	152.3M	70.4M	140.3M
Capital expenditure	-121.4M	-140.5M	-111.8M	-55.3M	-54.8M	-60M	-58.9M	-65.3M	-69M	—
Investing cash flow	-1.9B	-205M	-103.6M	-16.7M	573.6M	875.8M	-63M	-65.3M	-73.5M	526.9M
Dividends paid	—	—	0	0	-243.7M	-435.6M	0	0	—	—
Share repurchases	-2.5M	0	-2.9M	0	-2.1M	0	-136.7M	-78.7M	-5M	-46.9M
Financing cash flow	1.7B	-314.3M	-279.5M	-394.2M	-847.1M	-963.1M	-148.2M	-108M	-17.8M	-525M
Net change in cash	-110.5M	-440.9M	-188.5M	-287.4M	-175.3M	6.4M	-35.3M	-21M	-20.9M	142.3M
Free cash flow	1.3M	24.7M	136.8M	212.5M	168.8M	69.9M	127.7M	72.3M	80.9M	69.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	16.6M	29.9M	1.2M	8.3M	14.3M	-30.4M	-3.6M	10.5M	750K	8.7M	5.7M	10.7M
Depreciation & amortization	21.3M	22.1M	21.9M	21.6M	23.2M	22.6M	23.1M	28.8M	20.7M	20.6M	20.5M	19.6M
Stock-based compensation	3.5M	3.5M	3.7M	3.8M	3M	3.6M	3.1M	3.9M	2.3M	2.2M	3.4M	2.5M
Change in working capital	-9.1M	11.4M	-8.2M	-5.9M	8.4M	-89K	-6.2M	-12.4M	1.2M	-3.3M	-13.1M	8.8M
Operating cash flow	19M	57.3M	14.9M	33.2M	36.3M	-14M	18.7M	33M	55.3M	41.8M	16.9M	34.3M
Capital expenditure	-14.4M	-11.7M	-17.4M	-19.3M	-15.1M	-17.2M	-24.3M	—	—	—	—	—
Investing cash flow	-14.4M	-11.7M	-17.4M	-19.3M	-15.1M	-17.2M	-24.3M	—	0	568.3M	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-5.3M	0	0	-5M	0	0	—	-21.9M	-5.5M	-19.5M	-36.3M	0
Financing cash flow	-10.6M	-3M	-4.2M	-881M	-764K	-2.7M	-4.5M	-25.7M	-7.3M	-489.9M	-37.4M	100.1M
Net change in cash	-6M	42.6M	-6.6M	-867.1M	20.5M	-33.9M	-10M	7.3M	48M	120.1M	-20.5M	134.4M
Free cash flow	17.9M	52.5M	19.1M	-9.3M	44.9M	26.3M	-14M	606K	42.8M	22.9M	2.8M	3.7M

Ecovyst Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement