Filing Flows › Ecovyst (ECVT) › Q3 2026 › vs Q3 2025
Ecovyst (ECVT) Q3 2026 vs Q3 2025 (year over year)
Ecovyst's revenue rose $104M (+51%) from $205M in Q3 2025 to $309M in Q3 2026. The biggest changes: Virgin sulfuric acid +$66.5M (+69%); Catalyst activation and sulfur dioxide & derivatives +$29.6M (+318%); Regenerated sulfuric acid and treatment services +$7.6M (+8%). Gross margin 19.0% against 25.4% (-6.4 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 19.0% | 25.4% | -6.4 pts |
| Operating margin | 9.5% | 13.8% | -4.3 pts |
| Net margin | 5.9% | -38.7% | +44.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Virgin sulfuric acid | $163M | $96.4M | $66.5M | +69% |
| Regenerated sulfuric acid and treatment services | $107M | $99.2M | $7.6M | +8% |
| Catalyst activation and sulfur dioxide & derivatives | $39.0M | $9.3M | $29.6M | +318% |
| Revenue | $309M | $205M | $104M | +51% |
| Gross profit | $58.7M | $52.1M | $6.6M | +13% |
| Cost of revenue | $250M | $153M | $97.1M | +64% |
| Operating profit | $29.2M | $28.3M | $972K | +3% |
| Operating expenses | $29.5M | $23.8M | $5.7M | +24% |
| Pre-tax earnings | $22.7M | −$59.1M | $81.8M | — |
| Other expense, net | $6.5M | $87.3M | −$80.8M | -93% |
| SG&A | $20.4M | $15.7M | $4.8M | +30% |
| Other operating costs | $9.0M | $8.1M | $899K | +11% |
| Net earnings | $18.2M | −$79.3M | $97.4M | — |
| Income tax | $4.5M | $20.2M | −$15.6M | -77% |
| Depreciation & amortization | $22.8M | $20.1M | $2.7M | +13% |
| Share-based compensation | $2.4M | $2.3M | $152K | +7% |
| Working capital & other | $18.1M | −$112M | $130M | — |
| Operating cash flow | $25.2M | $55.3M | −$30.0M | -54% |
| Capital expenditures | $27.9M | $12.5M | $15.4M | +123% |
| Negative free cash flow (OCF − capex) | $2.6M | −$42.8M | $45.4M | — |
Questions
How much did Ecovyst's revenue grow year over year in Q3 2026?
Ecovyst's revenue rose $104M (+51%) from $205M in Q3 2025 to $309M in Q3 2026.
What drove Ecovyst's revenue change in Q3 2026?
Virgin sulfuric acid +$66.5M (+69%); Catalyst activation and sulfur dioxide & derivatives +$29.6M (+318%); Regenerated sulfuric acid and treatment services +$7.6M (+8%).