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Ecovyst cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$2.6M in Q3 2026 · $26.8M over twelve months

Operating cash flow$25.2M
Capital spending−$27.9M
Free cash flow−$2.6M
Cash / net income1.4×
Cash conversion cycle23 days

Analysis

In Q3 2026, Ecovyst generated $25.2M of operating cash flow and spent $27.9M on capital projects, leaving free cash flow of −$2.6M. That is $45.4M less than in Q3 2025 ($42.8M).

Over the twelve months to Sep 30, 2026, operating cash flow was $118M; the largest uses were other financing ($368M), acquisitions ($179M), capital spending ($91.5M); besides operations, cash came from other investing ($552M); the cash balance fell by $27.9M.

Operating cash flow was $25.2M against net income of $18.2M — 1.4× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$22.8M, accrued liabilities −$13.7M, receivables −$8.4M.

Its cash conversion cycle was 23 days (receivables 35 + inventory 15 − payables 26).

Free cash flow

Ecovyst: free cash flow by quarterEcovyst: free cash flow by quarter$30.9MQ4 2024−$6.8MQ1 2025$11.0MQ2 2025$42.8MQ3 2025$22.9MQ4 2025$2.8MQ1 2026$3.7MQ2 2026−$2.6MQ3 2026
Operating cash flow less capital spending.
Ecovyst: operating cash flow against capital spendingEcovyst: operating cash flow against capital spendingOperating cash flowCapital spending$43.5M$12.6MQ4 2024$10.3M$17.1MQ1 2025$33.0M$22.0MQ2 2025$55.3M$12.5MQ3 2025$41.8M$18.8MQ4 2025$16.9M$14.1MQ1 2026$34.3M$30.7MQ2 2026$25.2M$27.9MQ3 2026
Latest (Q3 2026): Operating cash flow $25.2M, Capital spending $27.9M.

Capital allocation, year by year

Ecovyst: where the cash came from (up) and went (down), by fiscal yearEcovyst: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $130MFY2021: Net borrowing −$1.4BFY2021: Shares issued $746KFY2021: Asset sales $978MFY2021: Capital spending −$60.0MFY2021: Acquisitions −$42.6MFY2021: Dividends −$436M$1.1BFY2021FY2022: Operating cash flow $187MFY2022: Net borrowing −$2.7MFY2022: Shares issued $611KFY2022: Capital spending −$58.9MFY2022: Acquisitions −$488KFY2022: Buybacks −$137M$187MFY2022FY2023: Operating cash flow $138MFY2023: Net borrowing −$14.5MFY2023: Capital spending −$59.0MFY2023: Buybacks −$78.7M$138MFY2023FY2024: Operating cash flow $150MFY2024: Capital spending −$55.6MFY2024: Buybacks −$5.0M$150MFY2024FY2025: Operating cash flow $140MFY2025: Asset sales $568MFY2025: Capital spending −$70.4MFY2025: Acquisitions −$41.5MFY2025: Buybacks −$46.9M$709MFY2025
Over these 5 years operating cash flow totalled $744M; the largest uses were net borrowing ($1.4B) and dividends ($436M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$71.2M
Debt$493M
Net debt$422M

Ecovyst funds itself: free cash flow was $26.8M over the last twelve months, and $71.2M of cash and investments stands against $493M of debt.

Where the cash came from and went

Ecovyst: sources (+) and uses (−) of cash, Q3 2026Ecovyst: sources (+) and uses (−) of cash, Q3 2026Other investing−$571MAsset & business sales$560MCapital spending−$27.9MOperating cash flow$25.2MCash drawn (+) / kept (−)$16.6MBuybacks−$2.4MExchange rates−$238K
Ecovyst: sources (+) and uses (−) of cash, TTM to Q3 2026Ecovyst: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing$552MOther financing−$368MAcquisitions−$179MOperating cash flow$118MCapital spending−$91.5MBuybacks−$58.3MCash drawn (+) / kept (−)$27.9MTaxes on employees’ shares−$1.3MExchange rates−$282K

From profit to cash

Ecovyst: net income to operating cash flow, Q3 2026Ecovyst: net income to operating cash flow, Q3 2026Net income$18.2MDepreciation & amortization$22.8MStock-based pay$2.4MDeferred taxes$7.9MGains on disposals$740KReceivables−$8.4MInventory$1.3MPayables−$6.1MAccrued liabilities−$13.7MPrepaid and other assets$1.8MOperating cash flow$25.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202635152623
Q2 202638162826
Q1 202638152528
Q4 202539152926
Q3 202542272941
Q2 202547422861
Q1 202541282444
Q4 202439312942

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$25.2M−$27.9M—−$2.4M—$16.6M−$2.6M
Q2 2026$34.3M−$30.7M———$74.8M$3.7M
Q1 2026$16.9M−$14.1M—−$36.3M—$34.6M$2.8M
Q4 2025$41.8M−$18.8M−$165K−$19.5M—−$98.1M$22.9M
Q3 2025$55.3M−$12.5M—−$5.5M—−$29.5M$42.8M
Q2 2025$33.0M−$22.0M—−$21.9M−$875K$57.9M$11.0M
Q1 2025$10.3M−$17.1M——−$776K$18.5M−$6.8M
Q4 2024$43.5M−$12.6M———−$22.5M$30.9M

Ecovyst: income statement and cash flow

Ecovyst, Q3 2026: revenue $309M (+51% year over year), operating margin 9.5%. The chart follows the revenue to costs, profit and cash.

Ecovyst: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.