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How Ecovyst (ECVT) makes money
Ecovyst (ECVT) made $309M of revenue in the third quarter 2026 (Q3 2026), +51% from a year earlier. Virgin sulfuric acid brought in $163M (53%); Regenerated sulfuric acid and treatment services brought in $107M (35%); Catalyst activation and sulfur dioxide & derivatives brought in $39.0M (13%). Of every dollar of revenue, 19¢ was left as gross profit, 9¢ was left as operating profit, 6¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Virgin sulfuric acid | $163M | 52.8% | +18% | +69% |
| Regenerated sulfuric acid and treatment services | $107M | 34.6% | +4% | +8% |
| Catalyst activation and sulfur dioxide & derivatives | $39.0M | 12.6% | +316% | +318% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $309M | 100.0% |
| Cost of revenue | $250M | 81.0% |
| Gross profit | $58.7M | 19.0% |
| Operating expenses | $29.5M | 9.5% |
| Operating profit | $29.2M | 9.5% |
| Income tax | $4.5M | 1.5% |
| Net earnings | $18.2M | 5.9% |
| Operating cash flow | $25.2M | 8.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $309M | +51% |
| Q2 2026 | $250M | +42% |
| Q1 2026 | $215M | +50% |
| Q4 2025 | $199M | +34% |
| Q3 2025 | $205M | +33% |
| Q2 2025 | $200M | +10% |
| Q1 2025 | $162M | +1% |
From Ecovyst's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Ecovyst make money?
Ecovyst (ECVT) made $309M of revenue in the third quarter 2026 (Q3 2026), +51% from a year earlier. Virgin sulfuric acid brought in $163M (53%); Regenerated sulfuric acid and treatment services brought in $107M (35%); Catalyst activation and sulfur dioxide & derivatives brought in $39.0M (13%). Of every dollar of revenue, 19¢ was left as gross profit, 9¢ was left as operating profit, 6¢ was left as net earnings.
What is Ecovyst's biggest business?
Virgin sulfuric acid: $163M in the third quarter 2026, 53% of revenue, +69% from a year earlier.
What is Ecovyst's profit margin?
Net earnings were $18.2M, 5.9% of revenue, in the third quarter 2026; the operating margin was 9.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.