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How Ingevity (NGVT) makes money

Ingevity (NGVT) made $305M of revenue in the third quarter 2026 (Q3 2026), -8% from a year earlier. Performance Materials brought in $154M (51%); Pavement Technologies Segment brought in $106M (35%); Advanced Polymer Technologies segment brought in $45.0M (15%). Of every dollar of revenue, 44¢ was left as gross profit, 22¢ was left as operating profit, 16¢ was left as net earnings.

Drawing the Sankey…

Ingevity revenue by segment, Q3 2026Ingevity revenue by segment, Q3 2026Performance Materials$154MPavement Technologies Segment$106MAdvanced Polymer Technologies seg…$45.0M
Ingevity: revenue by line, Q3 2025 to Q3 2026Ingevity: revenue by line, Q3 2025 to Q3 2026Performance MaterialsPerformance ChemicalsAdvanced Polymer Tech…Pavement Technologies…Performance Materials: $154M latest$154MPerformance Chemicals: $0 latestAdvanced Polymer Technologies segment: $45.0M latest$45.0MPavement Technologies Segment: $106M latest$106MQ3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Performance Materials went from 47% of revenue in Q3 2025 to 51% in Q3 2026, the largest shift in the mix.
Ingevity revenue by quarterIngevity revenue by quarter$284MQ1 2025$365MQ2 2025$333MQ3 2025$255MQ4 2025$258MQ1 2026$314MQ2 2026$305MQ3 2026
Ingevity: where each dollar of revenue goesIngevity: where each dollar of revenue goesCost of revenue56¢Gross profit44¢Operating expenses22¢Operating profit22¢Income tax6¢Net earnings16¢Operating cash flow33¢Free cash flow28¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Performance Materials$154M50.5%-4%-0.6%
Pavement Technologies Segment$106M34.7%+2%-24%
Advanced Polymer Technologies segment$45.0M14.7%-9%+18%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$305M100.0%
Cost of revenue$172M56.5%
Gross profit$133M43.5%
Operating expenses$65.7M21.5%
Operating profit$67.1M22.0%
Income tax$17.8M5.8%
Net earnings$49.3M16.2%
Operating cash flow$99.2M32.5%
Free cash flow$85.5M28.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$305M-8%
Q2 2026$314M-5%
Q1 2026$258M+4%
Q4 2025$255M-3%
Q3 2025$333M-0.2%
Q2 2025$365M-6%
Q1 2025$284M-16%

From Ingevity's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Ingevity make money?

Ingevity (NGVT) made $305M of revenue in the third quarter 2026 (Q3 2026), -8% from a year earlier. Performance Materials brought in $154M (51%); Pavement Technologies Segment brought in $106M (35%); Advanced Polymer Technologies segment brought in $45.0M (15%). Of every dollar of revenue, 44¢ was left as gross profit, 22¢ was left as operating profit, 16¢ was left as net earnings.

What is Ingevity's biggest business?

Performance Materials: $154M in the third quarter 2026, 51% of revenue, -0.6% from a year earlier.

What is Ingevity's profit margin?

Net earnings were $49.3M, 16.2% of revenue, in the third quarter 2026; the operating margin was 22.0%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.