Filing Flows › Ingevity (NGVT) › Q3 2026 › vs Q3 2025
Ingevity (NGVT) Q3 2026 vs Q3 2025 (year over year)
Ingevity's revenue fell $28.0M (-8%) from $333M in Q3 2025 to $305M in Q3 2026. The biggest changes: Pavement Technologies Segment −$33.9M (-24%); Advanced Polymer Technologies segment +$6.8M (+18%); Performance Materials −$900K (-0.6%). Gross margin 43.5% against 40.2% (+3.3 pts).
Ingevity, Q3 2026: revenue $305M (-8% year over year), operating margin 22.0%, net earnings $49.3M, operating cash flow $99.2M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 43.5% | 40.2% | +3.3 pts |
| Operating margin | 22.0% | 19.5% | +2.5 pts |
| Net margin | 16.2% | 13.1% | +3.1 pts |
| Free cash flow margin | 28.0% | 35.4% | -7.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Performance Materials | $154M | $155M | −$900K | -0.6% |
| Pavement Technologies Segment | $106M | $140M | −$33.9M | -24% |
| Advanced Polymer Technologies segment | $45.0M | $38.2M | $6.8M | +18% |
| Revenue | $305M | $333M | −$28.0M | -8% |
| Gross profit | $133M | $134M | −$1.1M | -0.8% |
| Cost of revenue | $172M | $199M | −$26.9M | -14% |
| Operating profit | $67.1M | $64.9M | $2.2M | +3% |
| Operating expenses | $65.7M | $69.0M | −$3.3M | -5% |
| Pre-tax earnings | $67.1M | $64.9M | $2.2M | +3% |
| Research & development | $8.3M | $7.0M | $1.3M | +19% |
| SG&A | $38.1M | $44.1M | −$6.0M | -14% |
| Other operating costs | $19.3M | $17.9M | $1.4M | +8% |
| Net earnings | $49.3M | $43.5M | $5.8M | +13% |
| Income tax | $17.8M | $21.4M | −$3.6M | -17% |
| Depreciation & amortization | $20.9M | $28.0M | −$7.1M | -25% |
| Share-based compensation | $4.0M | $5.3M | −$1.3M | -25% |
| Working capital & other | $25.0M | $52.9M | −$27.9M | -53% |
| Operating cash flow | $99.2M | $130M | −$30.5M | -24% |
| Free Cash Flow (company-reported) | $85.5M | $118M | −$32.3M | -27% |
| Capital expenditures | $13.7M | $11.9M | $1.8M | +15% |
Questions
How much did Ingevity's revenue grow year over year in Q3 2026?
Ingevity's revenue fell $28.0M (-8%) from $333M in Q3 2025 to $305M in Q3 2026.
What drove Ingevity's revenue change in Q3 2026?
Pavement Technologies Segment −$33.9M (-24%); Advanced Polymer Technologies segment +$6.8M (+18%); Performance Materials −$900K (-0.6%).