Filing Flows › Ecovyst (ECVT) › Q2 2026 › vs Q2 2025
Ecovyst (ECVT) Q2 2026 vs Q2 2025 (year over year)
Ecovyst's revenue rose $73.9M (+42%) from $176M in Q2 2025 to $250M in Q2 2026. The biggest changes: Virgin sulfuric acid +$63.2M (+85%); Regenerated sulfuric acid and treatment services +$10.3M (+11%); Catalyst activation and sulfur dioxide & derivatives +$408K (+5%). Gross margin 19.9% against 22.8% (-2.9 pts).
Ecovyst, Q2 2026: revenue $250M (+42% year over year), operating margin 7.7%, net earnings $7.9M, operating cash flow $34.3M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 19.9% | 22.8% | -2.9 pts |
| Operating margin | 7.7% | 9.0% | -1.2 pts |
| Net margin | 3.1% | 3.4% | -0.3 pts |
| Free cash flow margin | 1.5% | 6.3% | -4.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Virgin sulfuric acid | $138M | $74.3M | $63.2M | +85% |
| Regenerated sulfuric acid and treatment services | $103M | $92.8M | $10.3M | +11% |
| Catalyst activation and sulfur dioxide & derivatives | $9.4M | $8.9M | $408K | +5% |
| Revenue | $250M | $176M | $73.9M | +42% |
| Gross profit | $49.8M | $40.2M | $9.7M | +24% |
| Cost of revenue | $200M | $136M | $64.2M | +47% |
| Operating profit | $19.4M | $15.8M | $3.6M | +23% |
| Operating expenses | $30.5M | $24.4M | $6.1M | +25% |
| Pre-tax earnings | $12.1M | $8.0M | $4.1M | +51% |
| Other expense, net | $7.3M | $7.8M | −$474K | -6% |
| SG&A | $17.4M | $17.6M | −$257K | -1% |
| Other operating costs | $13.1M | $6.8M | $6.4M | +94% |
| Net earnings | $7.9M | $6.0M | $1.9M | +31% |
| Income tax | $4.2M | $2.0M | $2.2M | +108% |
| Depreciation & amortization | $19.1M | $23.9M | −$4.9M | -20% |
| Share-based compensation | $2.5M | $2.8M | −$258K | -9% |
| Working capital & other | $4.9M | $346K | $4.6M | 14× |
| Operating cash flow | $34.3M | $33.0M | $1.3M | +4% |
| Free cash flow (OCF − capex) | $3.7M | $11.0M | −$7.3M | -67% |
| Capital expenditures | $30.7M | $22.0M | $8.6M | +39% |
Questions
How much did Ecovyst's revenue grow year over year in Q2 2026?
Ecovyst's revenue rose $73.9M (+42%) from $176M in Q2 2025 to $250M in Q2 2026.
What drove Ecovyst's revenue change in Q2 2026?
Virgin sulfuric acid +$63.2M (+85%); Regenerated sulfuric acid and treatment services +$10.3M (+11%); Catalyst activation and sulfur dioxide & derivatives +$408K (+5%).