NYSE : ECVT
Ecovyst Inc. — Financial statements
Materials · Specialty Chemicals · United States
Last price 10.24 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.12B
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Financial statements
Ecovyst Inc. (ECVT) reported revenue of 869.25M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 869.25M | 723.51M | 598.29M | 584.85M | 820.16M | 611.20M |
| Cost of Revenue | 684.17M | 565.43M | 434.91M | 418.40M | 595.53M | 434.54M |
| Gross Profit | 185.09M | 158.09M | 163.38M | 166.45M | 224.63M | 176.66M |
| Selling, General & Admin | 68.30M | 66.08M | 65.24M | 60.64M | 84.32M | 97.69M |
| Other Operating Expenses | 22.39M | 17.07M | 10.34M | 11.81M | 19.75M | 14.74M |
| Operating Expenses | 90.69M | 83.15M | 75.58M | 72.45M | 104.07M | 112.43M |
| Operating Income | 94.40M | 74.94M | 87.81M | 94.00M | 120.56M | 64.23M |
| Interest Expense | -20.48M | -34.20M | -36.49M | -31.70M | -37.22M | -36.99M |
| Earnings From Equity Investments | 27.73M | 27.74M | ||||
| Currency Exchange Gain (Loss) | 377.00K | 377.00K | -1.30M | 67.00K | -978.00K | -4.72M |
| Other Non Operating Income (Expenses) | -3.07M | 330.00K | 2.26M | -866.00K | -195.00K | 113.00K |
| EBT Excluding Unusual Items | 71.23M | 41.44M | 52.29M | 61.50M | 109.89M | 50.38M |
| Merger & Restructuring Charges | -4.75M | -4.75M | -267.00K | -449.00K | -11.57M | -3.87M |
| Gain (Loss) on Sale of Assets | -7.58M | -5.37M | -2.25M | -4.10M | -3.59M | -5.67M |
| Other Unusual Items | -5.56M | -5.54M | -4.56M | -26.90M | ||
| Pretax Income | 53.34M | 25.79M | 45.20M | 56.95M | 94.73M | 13.94M |
| Income Tax Expense | 27.50M | 19.50M | -299.00K | 8.73M | 24.94M | 12.15M |
| Earnings From Continuing Operations | 25.84M | 6.29M | 45.50M | 48.22M | 69.80M | 1.79M |
| Earnings From Discontinued Operations | -87.18M | -77.41M | -52.16M | 22.93M | 3.90M | -141.74M |
| Net Income to Company | -61.34M | -71.13M | -6.65M | 71.15M | 73.70M | -139.95M |
| Net Income | -61.34M | -71.13M | -6.65M | 71.15M | 73.70M | -139.95M |
| Net Income to Common | -61.34M | -71.13M | -6.65M | 71.15M | 73.70M | -139.95M |
| Shares Outstanding (Basic) | 111.96M | 115.29M | 116.72M | 118.37M | 133.60M | 136.17M |
| Shares Outstanding (Diluted) | 111.96M | 115.96M | 117.45M | 119.49M | 135.09M | 137.71M |
| EPS (Basic) | -0.55 | -0.62 | -0.06 | 0.60 | 0.55 | -1.03 |
| EPS (Diluted) | -0.55 | -0.62 | -0.06 | 0.59 | 0.55 | -1.02 |
| Free Cash Flow | 72.21M | 69.89M | 94.30M | 78.56M | 127.74M | 69.87M |
| Free Cash Flow Per Share | 0.65 | 0.60 | 0.80 | 0.66 | 0.95 | 0.51 |
| Gross Margin | 21.29% | 21.85% | 27.31% | 28.46% | 27.39% | 28.90% |
| Operating Margin | 10.86% | 10.36% | 14.68% | 16.07% | 14.70% | 10.51% |
| Profit Margin | -7.06% | -9.83% | -1.11% | 12.17% | 8.99% | -22.90% |
| Free Cash Flow Margin | 8.31% | 9.66% | 15.76% | 13.43% | 15.57% | 11.43% |
| EBITDA | 175.76M | 153.53M | 158.36M | 160.03M | 199.72M | 143.97M |
| EBITDA Margin | 20.22% | 21.22% | 26.47% | 27.36% | 24.35% | 23.56% |
| D&A For EBITDA | 81.36M | 78.60M | 70.55M | 66.03M | 79.16M | 79.74M |
| EBIT | 94.40M | 74.94M | 87.81M | 94.00M | 120.56M | 64.23M |
| EBIT Margin | 10.86% | 10.36% | 14.68% | 16.07% | 14.70% | 10.51% |
| Effective Tax Rate | 51.55% | 75.61% | 15.32% | 26.33% | 87.13% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 87.76M | 197.19M | 131.39M | 88.36M | 110.92M | 140.89M |
| Trading Asset Securities | 1.91M | 1.31M | 6.53M | 13.42M | 18.51M | |
| Cash & Short-Term Investments | 89.67M | 198.50M | 137.92M | 101.78M | 129.43M | 140.89M |
| Accounts Receivable | 112.94M | 85.31M | 53.20M | 81.31M | 74.76M | 80.80M |
| Other Receivables | 3.23M | 3.86M | 6.74M | |||
| Receivables | 112.94M | 85.31M | 53.20M | 84.55M | 78.62M | 87.54M |
| Inventory | 40.02M | 26.80M | 17.97M | 45.12M | 44.36M | 53.81M |
| Prepaid Expenses | 18.73M | 8.74M | 10.93M | 14.54M | 15.29M | 9.43M |
| Other Current Assets | 83.68M | |||||
| Total Current Assets | 261.36M | 319.36M | 303.71M | 245.99M | 267.70M | 291.67M |
| Property, Plant & Equipment | 587.11M | 519.09M | 491.77M | 601.18M | 613.15M | 626.35M |
| Long-Term Investments | 1.48M | 5.97M | 445.80M | 451.88M | 447.15M | |
| Goodwill | 398.27M | 326.74M | 326.59M | 404.47M | 403.16M | 406.14M |
| Other Intangible Assets | 135.51M | 59.29M | 67.70M | 116.55M | 129.93M | 145.62M |
| Other Long-Term Assets | 36.98M | 36.49M | 606.58M | 23.76M | 18.72M | 14.29M |
| Total Assets | 1.42B | 1.26B | 1.80B | 1.84B | 1.88B | 1.93B |
| Accounts Payable | 74.05M | 48.05M | 32.94M | 40.20M | 40.02M | 51.86M |
| Accrued Expenses | 66.24M | 44.72M | 39.57M | 50.27M | 60.90M | 49.26M |
| Current Portion of Long-Term Debt | 96.00K | 841.00K | 8.96M | 9.00M | 9.00M | 10.29M |
| Current Portion of Leases | 13.23M | 9.49M | 9.08M | 11.26M | 11.01M | 11.49M |
| Current Income Taxes Payable | 10.22M | 7.71M | 4.41M | 9.86M | ||
| Other Current Liabilities | 7.50M | 24.58M | 641.00K | 4.06M | 12.32M | |
| Total Current Liabilities | 153.61M | 120.81M | 115.13M | 119.08M | 129.40M | 145.08M |
| Long-Term Debt | 492.95M | 392.98M | 852.57M | 861.44M | 867.94M | 872.84M |
| Long-Term Leases | 40.16M | 28.67M | 23.93M | 20.98M | 27.65M | 33.39M |
| Pension & Post-Retirement Benefits | 5.39M | 6.68M | 4.16M | |||
| Long-Term Deferred Tax Liabilities | 146.01M | 113.29M | 105.39M | 115.79M | 136.18M | 126.75M |
| Other Long-Term Liabilities | 1.02M | 1.79M | 4.84M | 9.59M | 9.46M | 8.27M |
| Total Liabilities | 833.76M | 657.54M | 1.10B | 1.13B | 1.18B | 1.19B |
| Common Stock | 1.41M | 1.41M | 1.41M | 1.41M | 1.40M | 1.38M |
| Additional Paid-In Capital | 1.11B | 1.11B | 1.11B | 1.10B | 1.09B | 1.07B |
| Retained Earnings | -236.46M | -248.63M | -177.51M | -170.86M | -242.01M | -315.71M |
| Treasury Stock | -289.29M | -261.13M | -222.83M | -226.71M | -149.62M | -12.55M |
| Comprehensive Income & Other | 5.50M | 3.27M | -7.41M | -958.00K | 5.99M | -5.79M |
| Total Common Equity | 586.95M | 603.44M | 700.46M | 705.46M | 707.23M | 740.74M |
| Shareholders' Equity | 586.95M | 603.44M | 700.46M | 705.46M | 707.23M | 740.74M |
| Total Liabilities & Equity | 1.42B | 1.26B | 1.80B | 1.84B | 1.88B | 1.93B |
| Total Debt | 546.44M | 431.98M | 894.54M | 902.69M | 915.61M | 928.00M |
| Net Cash (Debt) | -456.77M | -233.47M | -756.62M | -800.90M | -786.17M | -787.11M |
| Net Cash Per Share | -4.08 | -2.01 | -6.44 | -6.70 | -5.82 | -5.72 |
| Filing Date Shares Outstanding | 109.47M | 110.59M | 117.37M | 116.98M | 123.19M | 138.21M |
| Total Common Shares Outstanding | 109.47M | 111.81M | 116.53M | 116.12M | 122.19M | 136.94M |
| Working Capital | 107.75M | 198.54M | 188.59M | 126.91M | 138.30M | 146.59M |
| Book Value Per Share | 5.36 | 5.40 | 6.01 | 6.08 | 5.79 | 5.41 |
| Tangible Book Value | 53.17M | 217.41M | 306.17M | 184.44M | 174.13M | 188.98M |
| Tangible Book Value Per Share | 0.49 | 1.94 | 2.63 | 1.59 | 1.43 | 1.38 |
| Land | 89.99M | 89.99M | 96.83M | 96.66M | 97.05M | |
| Buildings | 59.56M | 54.42M | 84.86M | 82.06M | 77.85M | |
| Machinery | 781.24M | 712.35M | 820.51M | 751.14M | 714.43M | |
| Construction In Progress | 32.37M | 25.35M | 42.00M | 56.45M | 45.95M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -61.34M | -71.13M | -6.65M | 71.15M | 73.70M | -139.95M |
| Depreciation & Amortization | 81.36M | 78.60M | 70.55M | 66.03M | 79.16M | 79.74M |
| Other Amortization | 993.00K | 1.21M | 1.38M | 1.73M | 2.03M | 1.91M |
| Loss (Gain) From Sale of Assets | 7.58M | 5.37M | 2.25M | 4.10M | 3.59M | 5.67M |
| Loss (Gain) on Equity Investments | -27.73M | -27.74M | ||||
| Stock-Based Compensation | 10.40M | 9.75M | 11.13M | 12.98M | 20.63M | 31.84M |
| Other Operating Activities | 116.93M | 108.84M | 34.33M | -39.54M | 31.07M | 203.94M |
| Change in Accounts Receivable | -16.43M | -22.12M | 6.24M | -2.43M | 5.50M | -33.48M |
| Change in Inventory | -16.66M | -5.57M | -4.54M | -107.00K | 9.90M | 631.00K |
| Change in Accounts Payable | 26.72M | 15.53M | 1.16M | 1.71M | -10.13M | 10.01M |
| Change in Other Net Operating Assets | -1.55M | -2.38M | -12.03M | -15.09M | -7.44M | 4.77M |
| Operating Cash Flow | 148.30M | 140.31M | 149.89M | 137.60M | 186.61M | 129.92M |
| Capital Expenditures | -76.09M | -70.41M | -55.59M | -59.04M | -58.87M | -60.05M |
| Cash Acquisitions | -178.70M | -41.48M | -488.00K | -42.64M | ||
| Divestitures | 568.43M | 568.43M | -3.74M | 978.45M | ||
| Other Investing Activities | -10.73M | -21.12M | -17.86M | -6.30M | 81.00K | -40.03M |
| Investing Cash Flow | 302.91M | 435.41M | -73.45M | -65.33M | -63.02M | 835.73M |
| Short-Term Debt Issued | 14.50M | |||||
| Long-Term Debt Issued | 870.82M | 870.82M | 913.75M | |||
| Total Debt Issued | 100.00M | 870.82M | 870.82M | 14.50M | 913.75M | |
| Short-Term Debt Repaid | -14.50M | |||||
| Long-Term Debt Repaid | -1.34B | -879.68M | -9.00M | -11.69M | -1.43B | |
| Total Debt Repaid | -469.37M | -1.34B | -879.68M | -23.50M | -11.69M | -1.43B |
| Net Debt Issued (Repaid) | -369.37M | -473.73M | -8.87M | -9.00M | -11.69M | -518.54M |
| Repurchase of Common Stock | -62.62M | -48.42M | -6.23M | -82.09M | -137.07M | -1.47M |
| Other Financing Activities | -966.00K | -2.80M | -2.75M | -2.41M | 579.00K | -8.63M |
| Financing Cash Flow | -432.95M | -524.96M | -17.84M | -93.50M | -148.19M | -964.23M |
| Foreign Exchange Rate Adjustments | -93.00K | 423.00K | -948.00K | -1.32M | -5.37M | 2.25M |
| Net Cash Flow | 18.17M | 51.18M | 57.65M | -22.55M | -29.97M | 3.67M |
| Free Cash Flow | 72.21M | 69.89M | 94.30M | 78.56M | 127.74M | 69.87M |
| Free Cash Flow Margin | 8.31% | 9.66% | 15.76% | 13.43% | 15.57% | 11.43% |
| Free Cash Flow Per Share | 0.65 | 0.60 | 0.80 | 0.66 | 0.95 | 0.51 |
| Levered Free Cash Flow | 125.91M | 102.94M | 36.22M | 44.14M | 93.64M | 165.33M |
| Unlevered Free Cash Flow | 137.71M | 123.10M | 57.64M | 62.22M | 114.87M | 186.54M |
| Cash Interest Paid | 37.60M | 50.84M | 48.97M | 42.08M | 35.37M | 59.04M |
| Cash Income Tax Paid | 9.90M | 11.05M | 26.26M | 22.44M | 25.56M | 11.84M |
| Change in Working Capital | -7.92M | -14.54M | -9.17M | -15.92M | -2.17M | -18.07M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.11B | 1.11B | 890.13M | 1.13B | 1.15B | 1.40B |
| Enterprise Value | 1.56B | 1.92B | 1.65B | 1.98B | 1.92B | 2.22B |
| Last Close Price | 10.12 | 9.73 | 7.64 | 9.77 | 8.86 | 10.24 |
| PE Ratio | 15.94 | 15.66 | ||||
| Forward PE | 14.20 | 16.41 | 10.29 | 9.99 | 9.87 | 16.08 |
| PS Ratio | 1.27 | 1.53 | 1.49 | 1.94 | 1.41 | 2.30 |
| PB Ratio | 1.89 | 1.84 | 1.27 | 1.61 | 1.63 | 1.90 |
| P/TBV Ratio | 20.84 | 5.10 | 2.91 | 6.15 | 6.63 | 7.43 |
| P/FCF Ratio | 15.34 | 15.87 | 9.44 | 14.44 | 9.04 | 20.09 |
| P/OCF Ratio | 7.47 | 7.91 | 5.94 | 8.24 | 6.18 | 10.80 |
| PEG Ratio | 0.37 | 1.12 | 1.02 | 0.58 | 0.46 | 5.35 |
| EV/Sales Ratio | 1.80 | 2.65 | 2.76 | 3.38 | 2.34 | 3.62 |
| EV/EBITDA Ratio | 8.90 | 12.50 | 10.43 | 12.35 | 9.62 | 15.39 |
| EV/EBIT Ratio | 16.57 | 25.62 | 18.81 | 21.02 | 15.94 | 34.49 |
| EV/FCF Ratio | 21.67 | 27.47 | 17.52 | 25.15 | 15.04 | 31.70 |
| Debt / Equity Ratio | 0.93 | 0.72 | 1.28 | 1.28 | 1.29 | 1.25 |
| Debt / EBITDA Ratio | 2.81 | 2.60 | 5.30 | 5.30 | 4.36 | 6.03 |
| Debt / FCF Ratio | 7.57 | 6.18 | 9.49 | 11.49 | 7.17 | 13.28 |
| Net Debt / Equity Ratio | 0.78 | 0.39 | 1.08 | 1.14 | 1.11 | 1.06 |
| Net Debt / EBITDA Ratio | 2.60 | 1.52 | 4.78 | 5.00 | 3.94 | 5.47 |
| Net Debt / FCF Ratio | 6.33 | 3.34 | 8.02 | 10.20 | 6.16 | 11.27 |
| Asset Turnover | 0.54 | 0.47 | 0.33 | 0.31 | 0.43 | 0.24 |
| Inventory Turnover | 12.80 | 25.26 | 13.79 | 9.35 | 12.13 | 8.15 |
| Quick Ratio | 1.32 | 2.35 | 1.66 | 1.56 | 1.61 | 1.57 |
| Current Ratio | 1.70 | 2.64 | 2.64 | 2.07 | 2.07 | 2.01 |
| Return on Equity (ROE) | 4.04% | 0.96% | 6.47% | 6.83% | 9.64% | 0.18% |
| Return on Assets (ROA) | 3.67% | 3.06% | 3.02% | 3.16% | 3.95% | 1.57% |
| Return on Invested Capital (ROIC) | 4.84% | 1.59% | 5.93% | 5.31% | 5.88% | 0.40% |
| Return on Capital Employed (ROCE) | 7.50% | 6.60% | 5.20% | 5.50% | 6.90% | 3.60% |
| Earnings Yield | -5.41% | -6.41% | -0.75% | 6.27% | 6.39% | -9.97% |
| FCF Yield | 6.52% | 6.30% | 10.59% | 6.93% | 11.07% | 4.98% |
| Buyback Yield / Dilution | 4.00% | 1.27% | 1.71% | 11.55% | 1.90% | -0.92% |