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Innospec vs Ecovyst: IOSP and ECVT compared
Innospec is the larger company: $474M of revenue in its latest quarter (Q3 2026) against $309M for Ecovyst (Q3 2026). Ecovyst is growing faster (+51% against +7% a year earlier). Ecovyst is more profitable, with an operating margin of 9.5% against 8.8%.
Where the money goes: IOSP and ECVT
Innospec (IOSP) · Q3 2026
Innospec, Q3 2026: revenue $474M (+7% year over year), operating margin 8.8%, net earnings $31.6M, operating cash flow $17.4M. The chart follows the revenue to costs, profit and cash.
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.
| Innospec (IOSP) | Ecovyst (ECVT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $474M | $309M |
| Revenue growth, Y/Y | +7% | +51% |
| Gross margin | 27.3% | 19.0% |
| Operating margin | 8.8% | 9.5% |
| Net earnings | $31.6M | $18.2M |
| Net margin | 6.7% | 5.9% |
| Operating cash flow | $17.4M | $25.2M |
| Free cash flow | $1.6M | — |
| Market value | $1.9B | — |
| P/E | 13.8× | — |
| Analysts’ mean target | $101.00 | — |
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%)
Questions
Which is bigger, Innospec or Ecovyst?
Innospec is the larger company: $474M of revenue in its latest quarter (Q3 2026) against $309M for Ecovyst (Q3 2026).
Is Innospec or Ecovyst growing faster?
Ecovyst is growing faster (+51% against +7% a year earlier).
Which is more profitable, Innospec or Ecovyst?
Ecovyst is more profitable, with an operating margin of 9.5% against 8.8%.
More: Innospec earnings · how Innospec makes money · Ecovyst earnings · how Ecovyst makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.