Filing Flows › Ingevity (NGVT) › Q2 2026 › vs Q2 2025
Ingevity (NGVT) Q2 2026 vs Q2 2025 (year over year)
Ingevity's revenue fell $17.4M (-5%) from $332M in Q2 2025 to $314M in Q2 2026. The biggest changes: Pavement Technologies Segment −$30.1M (-22%); Performance Materials +$6.7M (+4%); Advanced Polymer Technologies segment +$6.0M (+14%). Gross margin 44.3% against 38.6% (+5.7 pts).
Ingevity, Q2 2026: revenue $314M (-5% year over year), operating margin 14.7%, net earnings $35.3M, operating cash flow −$13.8M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 44.3% | 38.6% | +5.7 pts |
| Operating margin | 14.7% | -42.7% | +57.5 pts |
| Net margin | 11.2% | -44.2% | +55.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Performance Materials | $161M | $154M | $6.7M | +4% |
| Pavement Technologies Segment | $104M | $134M | −$30.1M | -22% |
| Advanced Polymer Technologies segment | $49.3M | $43.3M | $6.0M | +14% |
| Revenue | $314M | $332M | −$17.4M | -5% |
| Gross profit | $139M | $128M | $11.2M | +9% |
| Cost of revenue | $175M | $204M | −$28.6M | -14% |
| Operating profit | $46.2M | −$142M | $188M | — |
| Operating expenses | $92.8M | $270M | −$177M | -66% |
| Pre-tax earnings | $46.2M | −$142M | $188M | — |
| Research & development | $6.1M | $7.0M | −$900K | -13% |
| SG&A | $39.0M | $43.6M | −$4.6M | -11% |
| Other operating costs | $47.7M | $219M | −$171M | -78% |
| Net earnings | $35.3M | −$146M | $182M | — |
| Income tax | $10.9M | $4.8M | $6.1M | +127% |
| Operating cash sources | $75.3M | −$196M | $271M | — |
| Depreciation & amortization | $22.0M | $25.6M | −$3.6M | -14% |
| Share-based compensation | $4.2M | $4.4M | −$200K | -5% |
| Cash used in operations | $13.8M | −$79.0M | $92.8M | — |
| Working capital & other | $75.3M | −$196M | $271M | — |
Questions
How much did Ingevity's revenue grow year over year in Q2 2026?
Ingevity's revenue fell $17.4M (-5%) from $332M in Q2 2025 to $314M in Q2 2026.
What drove Ingevity's revenue change in Q2 2026?
Pavement Technologies Segment −$30.1M (-22%); Performance Materials +$6.7M (+4%); Advanced Polymer Technologies segment +$6.0M (+14%).