Filing Flows › Ecovyst (ECVT) › Q3 2026 › vs Q2 2026
Ecovyst (ECVT) Q3 2026 vs Q2 2026 (quarter over quarter)
Ecovyst's revenue rose $58.7M (+23%) from $250M in Q2 2026 to $309M in Q3 2026. The biggest changes: Catalyst activation and sulfur dioxide & derivatives +$29.6M (+316%); Virgin sulfuric acid +$25.4M (+18%); Regenerated sulfuric acid and treatment services +$3.7M (+4%). Gross margin 19.0% against 19.9% (-0.9 pts).
Ecovyst, Q3 2026: revenue $309M (+51% year over year), operating margin 9.5%, net earnings $18.2M, operating cash flow $25.2M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 19.0% | 19.9% | -0.9 pts |
| Operating margin | 9.5% | 7.7% | +1.7 pts |
| Net margin | 5.9% | 3.1% | +2.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Virgin sulfuric acid | $163M | $138M | $25.4M | +18% |
| Regenerated sulfuric acid and treatment services | $107M | $103M | $3.7M | +4% |
| Catalyst activation and sulfur dioxide & derivatives | $39.0M | $9.4M | $29.6M | +316% |
| Revenue | $309M | $250M | $58.7M | +23% |
| Gross profit | $58.7M | $49.8M | $8.9M | +18% |
| Cost of revenue | $250M | $200M | $49.8M | +25% |
| Operating profit | $29.2M | $19.4M | $9.9M | +51% |
| Operating expenses | $29.5M | $30.5M | −$1.0M | -3% |
| Pre-tax earnings | $22.7M | $12.1M | $10.6M | +88% |
| Other expense, net | $6.5M | $7.3M | −$763K | -10% |
| SG&A | $20.4M | $17.4M | $3.1M | +18% |
| Other operating costs | $9.0M | $13.1M | −$4.1M | -31% |
| Net earnings | $18.2M | $7.9M | $10.3M | +131% |
| Income tax | $4.5M | $4.2M | $356K | +8% |
| Depreciation & amortization | $22.8M | $19.1M | $3.7M | +19% |
| Share-based compensation | $2.4M | $2.5M | −$80K | -3% |
| Working capital & other | $18.1M | −$4.9M | $23.1M | — |
| Operating cash flow | $25.2M | $34.3M | −$9.1M | -27% |
| Capital expenditures | $27.9M | $30.7M | −$2.8M | -9% |
| Negative free cash flow (OCF − capex) | $2.6M | −$3.7M | $6.3M | — |
Questions
How much did Ecovyst's revenue grow quarter over quarter in Q3 2026?
Ecovyst's revenue rose $58.7M (+23%) from $250M in Q2 2026 to $309M in Q3 2026.
What drove Ecovyst's revenue change in Q3 2026?
Catalyst activation and sulfur dioxide & derivatives +$29.6M (+316%); Virgin sulfuric acid +$25.4M (+18%); Regenerated sulfuric acid and treatment services +$3.7M (+4%).