Filing Flows › Ingevity (NGVT) › Q3 2025
Ingevity (NGVT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Ingevity (NGVT) reported revenue of $333M for the third quarter 2025 (Q3 2025), -0.2% from a year earlier and -9% from the quarter before. Operating margin was 19.5%, net earnings $43.5M (13.1% of revenue).
Ingevity, Q3 2025: revenue $333M (-0.2% year over year), operating margin 19.5%, net earnings $43.5M, operating cash flow $130M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $333M | -9% | -0.2% |
| Gross profit | $134M | -3% | +2% |
| Operating profit | $64.9M | — | -41% |
| Net earnings | $43.5M | — | — |
| Operating cash flow | $130M | +64% | +179% |
| Free cash flow | $118M | — | +313% |
What changed
Revenue was $333.1M in Q3 2025, roughly flat year over year and down 9% from the previous quarter. Performance Materials was the largest line at 47% of revenue. Advanced Polymer Technologies segment lost $10.6M year over year (down 22%), 1514% of the total change.
Gross margin was 40.2%, up 0.8 points from a year earlier. Operating profit was $64.9M, a 19.5% margin (down 13.5 points year over year). Operating expenses grew 222% against flat revenue. Net earnings were $43.5M. The effective tax rate was 33.0%.
Operating cash flow was $129.7M (up 179% year over year), 298% of net earnings. Non-cash charges added back $28.0M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items added $52.9M. After capital expenditures ($11.9M), free cash flow as the company reports it was $117.8M.
Questions
What was Ingevity's revenue in the third quarter 2025?
Ingevity (NGVT) reported revenue of $333M for the third quarter 2025 (Q3 2025), -0.2% from a year earlier and -9% from the quarter before.
Was Ingevity profitable in the third quarter 2025?
Operating profit was $64.9M (19.5% of revenue) and net earnings $43.5M.
Source: Ingevity 10-Q on SEC EDGAR.