Filing Flows › Comparisons › ECVT vs NGVT
Ecovyst vs Ingevity: ECVT and NGVT compared
Ecovyst is the larger company: $309M of revenue in its latest quarter (Q3 2026) against $305M for Ingevity (Q3 2026). Ecovyst is growing faster (+51% against -8% a year earlier). Ingevity is more profitable, with an operating margin of 22.0% against 9.5%.
Where the money goes: ECVT and NGVT
Ecovyst (ECVT) · Q3 2026
Ecovyst, Q3 2026: revenue $309M (+51% year over year), operating margin 9.5%, net earnings $18.2M, operating cash flow $25.2M. The chart follows the revenue to costs, profit and cash.
Ingevity (NGVT) · Q3 2026
Ingevity, Q3 2026: revenue $305M (-8% year over year), operating margin 22.0%, net earnings $49.3M, operating cash flow $99.2M. The chart follows the revenue to costs, profit and cash.
| Ecovyst (ECVT) | Ingevity (NGVT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $309M | $305M |
| Revenue growth, Y/Y | +51% | -8% |
| Gross margin | 19.0% | 43.5% |
| Operating margin | 9.5% | 22.0% |
| Net earnings | $18.2M | $49.3M |
| Net margin | 5.9% | 16.2% |
| Operating cash flow | $25.2M | $99.2M |
| Free cash flow | — | $85.5M |
| Market value | — | $2.5B |
| P/E | — | 97.5× |
| Analysts’ mean target | — | $89.00 |
Where the revenue comes from
Ecovyst
- Virgin sulfuric acid: $163M (53%)
- Regenerated sulfuric acid and treatment services: $107M (35%)
- Catalyst activation and sulfur dioxide & derivatives: $39.0M (13%)
Ingevity
- Performance Materials: $154M (51%)
- Pavement Technologies Segment: $106M (35%)
- Advanced Polymer Technologies segment: $45.0M (15%)
Questions
Which is bigger, Ecovyst or Ingevity?
Ecovyst is the larger company: $309M of revenue in its latest quarter (Q3 2026) against $305M for Ingevity (Q3 2026).
Is Ecovyst or Ingevity growing faster?
Ecovyst is growing faster (+51% against -8% a year earlier).
Which is more profitable, Ecovyst or Ingevity?
Ingevity is more profitable, with an operating margin of 22.0% against 9.5%.
More: Ecovyst earnings · how Ecovyst makes money · Ingevity earnings · how Ingevity makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.