Filing Flows › Ecovyst (ECVT) › Q4 2025
Ecovyst (ECVT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Ecovyst (ECVT) reported revenue of $199M for the fourth quarter 2025 (Q4 2025), +34% from a year earlier and -3% from the quarter before. Operating margin was 10.9%, net earnings $5.7M (2.9% of revenue).
Ecovyst, Q4 2025: revenue $199M (+34% year over year), operating margin 10.9%, net earnings $5.7M, operating cash flow $41.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $199M | -3% | +34% |
| Gross profit | $46.8M | -10% | +9% |
| Operating profit | $21.8M | -23% | -3% |
| Net earnings | $5.7M | — | — |
| Operating cash flow | $41.8M | -24% | -4% |
| Free cash flow | $22.9M | -57% | -26% |
What changed
Revenue was $199.4M in Q4 2025, up 34% year over year and down 3% from the previous quarter. Industrial, mining & automotive was the largest line at 51% of revenue.
Gross margin was 23.4%, down 5.4 points from a year earlier. Operating profit was $21.8M, a 10.9% margin (down 4.1 points year over year). Operating profit fell $631K even though revenue rose $50.6M versus a year earlier, so costs grew faster than sales. Operating expenses grew 21% against revenue growth of 34%. The fastest-growing cost line was Other operating costs (+74%). Net earnings were $5.7M. The effective tax rate was -9.0%.
Operating cash flow was $41.8M (down 4% year over year), 727% of net earnings. Non-cash charges added back $20.0M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $13.8M. Capital expenditures of $18.8M left free cash flow of $22.9M.
Questions
What was Ecovyst's revenue in the fourth quarter 2025?
Ecovyst (ECVT) reported revenue of $199M for the fourth quarter 2025 (Q4 2025), +34% from a year earlier and -3% from the quarter before.
Was Ecovyst profitable in the fourth quarter 2025?
Operating profit was $21.8M (10.9% of revenue) and net earnings $5.7M.
Source: Ecovyst 10-K on SEC EDGAR.