NYSE : NGVT
Ingevity Corporation — Financial statements
Materials · Specialty Chemicals · United States
Last price 74.32 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.55B
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Financial statements
Ingevity Corporation (NGVT) reported revenue of 1.16B 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 | 1.16B | 1.17B | 1.20B | 1.22B | 1.67B | 1.39B |
| Cost of Revenue | 683.10M | 706.10M | 729.00M | 749.90M | 1.10B | 878.70M |
| Gross Profit | 477.20M | 461.50M | 471.10M | 465.60M | 571.00M | 512.80M |
| Selling, General & Admin | 165.50M | 171.30M | 157.70M | 162.10M | 198.30M | 179.10M |
| Research & Development | 27.20M | 28.40M | 24.50M | 25.40M | 30.30M | 26.30M |
| Operating Expenses | 192.70M | 199.70M | 182.20M | 187.50M | 228.60M | 205.40M |
| Operating Income | 284.50M | 261.80M | 288.90M | 278.10M | 342.40M | 307.40M |
| Interest Expense | -71.00M | -78.30M | -97.80M | -93.30M | -61.80M | -51.70M |
| Interest & Investment Income | 5.30M | 5.20M | 7.70M | 6.30M | 7.50M | 4.00M |
| Currency Exchange Gain (Loss) | -1.30M | 600.00K | -4.20M | -3.70M | -2.30M | -2.50M |
| Other Non Operating Income (Expenses) | -5.40M | -5.90M | 155.80M | 22.90M | 3.50M | 7.40M |
| EBT Excluding Unusual Items | 212.10M | 183.40M | 350.40M | 210.30M | 289.30M | 264.60M |
| Merger & Restructuring Charges | -5.90M | -12.80M | -77.40M | -99.60M | -19.70M | -16.80M |
| Impairment of Goodwill | -183.80M | -306.60M | ||||
| Gain (Loss) on Sale of Investments | -17.10M | -19.60M | -2.10M | 19.30M | ||
| Asset Writedown | -144.20M | -109.30M | ||||
| Legal Settlements | -15.70M | -85.00M | ||||
| Other Unusual Items | -104.80M | |||||
| Pretax Income | 37.80M | -142.10M | -140.50M | 130.00M | 269.60M | 162.80M |
| Income Tax Expense | 12.60M | 8.20M | -19.10M | 24.20M | 58.00M | 44.70M |
| Earnings From Continuing Operations | 25.20M | -150.30M | -121.40M | 105.80M | 211.60M | 118.10M |
| Earnings From Discontinued Operations | 28.80M | -16.80M | -308.90M | -111.20M | ||
| Net Income to Company | 54.00M | -167.10M | -430.30M | -5.40M | 211.60M | 118.10M |
| Net Income | 54.00M | -167.10M | -430.30M | -5.40M | 211.60M | 118.10M |
| Net Income to Common | 54.00M | -167.10M | -430.30M | -5.40M | 211.60M | 118.10M |
| Shares Outstanding (Basic) | 35.50M | 36.22M | 36.32M | 36.50M | 38.18M | 39.82M |
| Shares Outstanding (Diluted) | 35.83M | 36.22M | 36.32M | 36.71M | 38.47M | 40.06M |
| EPS (Basic) | 1.52 | -4.61 | -11.85 | -0.15 | 5.54 | 2.97 |
| EPS (Diluted) | 1.51 | -4.61 | -11.85 | -0.15 | 5.50 | 2.95 |
| Free Cash Flow | 154.90M | 273.50M | 51.00M | 95.30M | 170.90M | 189.50M |
| Free Cash Flow Per Share | 4.32 | 7.55 | 1.40 | 2.60 | 4.44 | 4.73 |
| Gross Margin | 41.13% | 39.53% | 39.26% | 38.30% | 34.23% | 36.85% |
| Operating Margin | 24.52% | 22.42% | 24.07% | 22.88% | 20.52% | 22.09% |
| Profit Margin | 4.65% | -14.31% | -35.85% | -0.44% | 12.68% | 8.49% |
| Free Cash Flow Margin | 13.35% | 23.42% | 4.25% | 7.84% | 10.24% | 13.62% |
| EBITDA | 372.60M | 358.10M | 397.20M | 400.90M | 451.20M | 417.30M |
| EBITDA Margin | 32.11% | 30.67% | 33.10% | 32.98% | 27.05% | 29.99% |
| D&A For EBITDA | 88.10M | 96.30M | 108.30M | 122.80M | 108.80M | 109.90M |
| EBIT | 284.50M | 261.80M | 288.90M | 278.10M | 342.40M | 307.40M |
| EBIT Margin | 24.52% | 22.42% | 24.07% | 22.88% | 20.52% | 22.09% |
| Effective Tax Rate | 33.33% | 18.62% | 21.51% | 27.46% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 97.40M | 78.10M | 68.00M | 95.90M | 76.70M | 275.40M |
| Cash & Short-Term Investments | 97.40M | 78.10M | 68.00M | 95.90M | 76.70M | 275.40M |
| Accounts Receivable | 164.50M | 134.10M | 138.20M | 193.20M | 231.20M | 167.00M |
| Other Receivables | 23.70M | 24.50M | 17.80M | 18.10M | 24.40M | |
| Receivables | 164.50M | 157.80M | 162.70M | 211.00M | 249.30M | 191.40M |
| Inventory | 154.00M | 186.00M | 195.90M | 308.80M | 335.00M | 241.20M |
| Prepaid Expenses | 41.60M | 5.30M | 5.60M | 6.90M | 10.20M | 5.70M |
| Restricted Cash | 500.00K | 400.00K | 600.00K | 600.00K | 600.00K | |
| Other Current Assets | 86.30M | 26.50M | 60.60M | 35.40M | 11.50M | 10.60M |
| Total Current Assets | 543.80M | 454.20M | 493.20M | 658.60M | 683.30M | 724.90M |
| Property, Plant & Equipment | 608.00M | 637.60M | 687.60M | 829.40M | 855.30M | 772.40M |
| Long-Term Investments | 83.40M | 83.10M | 87.90M | 99.20M | 109.80M | 37.30M |
| Goodwill | 4.30M | 4.30M | 175.20M | 527.50M | 518.50M | 442.00M |
| Other Intangible Assets | 137.30M | 217.70M | 326.10M | 388.10M | 459.80M | 381.90M |
| Long-Term Deferred Tax Assets | 87.00M | 117.00M | 117.90M | 11.60M | 5.70M | 6.80M |
| Long-Term Deferred Charges | 1.70M | 2.80M | 3.90M | 5.10M | 3.00M | |
| Other Long-Term Assets | 73.70M | 135.50M | 131.90M | 105.00M | 99.00M | 100.70M |
| Total Assets | 1.54B | 1.65B | 2.02B | 2.62B | 2.74B | 2.47B |
| Accounts Payable | 88.00M | 92.00M | 94.50M | 158.40M | 174.80M | 125.80M |
| Accrued Expenses | 79.40M | 75.60M | 71.20M | 63.50M | 100.80M | 98.80M |
| Current Portion of Long-Term Debt | 144.00M | 45.90M | 60.20M | 83.30M | 18.80M | |
| Current Portion of Leases | 12.20M | 13.00M | 15.50M | 19.80M | 17.40M | 18.20M |
| Current Income Taxes Payable | 8.20M | 4.70M | 5.60M | 9.20M | 3.60M | 6.20M |
| Other Current Liabilities | 5.80M | 110.10M | 17.10M | 28.70M | 6.90M | 1.10M |
| Total Current Liabilities | 337.60M | 341.30M | 264.10M | 362.90M | 303.50M | 268.90M |
| Long-Term Debt | 958.10M | 1.06B | 1.24B | 1.28B | 1.37B | 1.15B |
| Long-Term Leases | 122.00M | 120.00M | 132.50M | 148.60M | 141.80M | 137.80M |
| Pension & Post-Retirement Benefits | 6.70M | 8.20M | 9.60M | 10.40M | 14.10M | |
| Long-Term Deferred Tax Liabilities | 44.20M | 55.10M | 56.20M | 70.90M | 106.50M | 114.60M |
| Other Long-Term Liabilities | 28.70M | 34.50M | 125.60M | 117.10M | 104.50M | 106.40M |
| Total Liabilities | 1.49B | 1.62B | 1.83B | 1.99B | 2.04B | 1.80B |
| Common Stock | 400.00K | 400.00K | 400.00K | 400.00K | 400.00K | 400.00K |
| Additional Paid-In Capital | 209.10M | 195.70M | 176.80M | 164.90M | 153.00M | 136.30M |
| Retained Earnings | 500.00M | 404.90M | 572.00M | 1.00B | 1.01B | 796.10M |
| Treasury Stock | -663.60M | -571.80M | -512.60M | -509.50M | -416.00M | -272.10M |
| Comprehensive Income & Other | 1.00M | 500.00K | -41.40M | -26.70M | -46.80M | 13.10M |
| Total Common Equity | 46.90M | 29.70M | 195.20M | 631.40M | 698.30M | 673.80M |
| Shareholders' Equity | 46.90M | 29.70M | 195.20M | 631.40M | 698.30M | 673.80M |
| Total Liabilities & Equity | 1.54B | 1.65B | 2.02B | 2.62B | 2.74B | 2.47B |
| Total Debt | 1.24B | 1.24B | 1.45B | 1.53B | 1.53B | 1.33B |
| Net Cash (Debt) | -1.14B | -1.16B | -1.38B | -1.44B | -1.45B | -1.05B |
| Net Cash Per Share | -31.79 | -32.15 | -38.02 | -39.19 | -37.79 | -26.28 |
| Filing Date Shares Outstanding | 34.38M | 35.29M | 36.35M | 36.24M | 37.15M | 39.00M |
| Total Common Shares Outstanding | 34.48M | 35.49M | 36.35M | 36.23M | 37.30M | 39.27M |
| Working Capital | 206.20M | 112.90M | 229.10M | 295.70M | 379.80M | 456.00M |
| Book Value Per Share | 1.36 | 0.84 | 5.37 | 17.43 | 18.72 | 17.16 |
| Tangible Book Value | -94.70M | -192.30M | -306.10M | -284.20M | -280.00M | -150.10M |
| Tangible Book Value Per Share | -2.75 | -5.42 | -8.42 | -7.84 | -7.51 | -3.82 |
| Land | 18.30M | 24.50M | 26.20M | 26.30M | 24.90M | 20.40M |
| Buildings | 194.00M | 183.60M | 184.90M | 178.20M | 161.30M | 148.20M |
| Machinery | 952.80M | 1.21B | 1.16B | 1.15B | 1.07B | 1.02B |
| Construction In Progress | 25.80M | 31.00M | 68.70M | 92.80M | 120.90M | 64.40M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 54.00M | -167.10M | -430.30M | -5.40M | 211.60M | 118.10M |
| Depreciation & Amortization | 88.10M | 96.30M | 108.30M | 122.80M | 108.80M | 109.90M |
| Other Amortization | 12.50M | 10.10M | ||||
| Asset Writedown & Restructuring Costs | 150.20M | 305.90M | 377.40M | 75.40M | 13.80M | 16.20M |
| Loss (Gain) From Sale of Investments | 23.70M | 26.20M | 11.40M | -19.30M | ||
| Stock-Based Compensation | 18.80M | 18.30M | 11.90M | 10.60M | 16.10M | 12.30M |
| Other Operating Activities | 52.10M | 15.20M | -88.30M | -12.50M | 43.40M | 31.10M |
| Change in Accounts Receivable | 20.30M | 12.20M | 38.20M | 42.70M | -42.10M | -13.80M |
| Change in Inventory | 7.00M | 40.20M | 73.30M | 25.80M | -63.70M | -55.80M |
| Change in Accounts Payable | -9.40M | -2.60M | -63.40M | -14.60M | 42.70M | 14.80M |
| Change in Income Taxes | 700.00K | -1.20M | -13.80M | 6.40M | 4.90M | -6.20M |
| Change in Other Net Operating Assets | -184.10M | -65.20M | -106.70M | -143.60M | -22.10M | 66.70M |
| Operating Cash Flow | 211.00M | 331.20M | 128.60M | 205.10M | 313.40M | 293.30M |
| Capital Expenditures | -56.10M | -57.70M | -77.60M | -109.80M | -142.50M | -103.80M |
| Sale of Property, Plant & Equipment | 3.60M | |||||
| Cash Acquisitions | -344.50M | |||||
| Divestitures | 156.30M | |||||
| Investment in Securities | -16.40M | -16.40M | -300.00K | 29.10M | -77.40M | -35.30M |
| Other Investing Activities | 54.70M | 13.00M | -1.60M | 3.40M | 12.50M | 500.00K |
| Investing Cash Flow | 138.50M | -57.50M | -79.50M | -77.30M | -551.90M | -138.60M |
| Long-Term Debt Issued | 291.30M | 404.50M | 376.30M | 1.16B | ||
| Total Debt Issued | 1.01B | 291.30M | 404.50M | 376.30M | 1.16B | |
| Long-Term Debt Repaid | -484.90M | -471.60M | -383.60M | -965.70M | -26.00M | |
| Net Debt Issued (Repaid) | -130.90M | -193.60M | -67.10M | -7.30M | 199.00M | -26.00M |
| Issuance of Common Stock | 7.20M | 1.40M | 4.70M | 4.10M | 4.70M | |
| Repurchase of Common Stock | -149.90M | -60.00M | -3.10M | -96.90M | -147.40M | -111.80M |
| Other Financing Activities | -4.00M | -400.00K | -7.60M | |||
| Financing Cash Flow | -277.60M | -252.20M | -70.20M | -99.90M | 48.10M | -133.10M |
| Foreign Exchange Rate Adjustments | 1.90M | 4.50M | -4.20M | -300.00K | -6.00M | -1.70M |
| Net Cash Flow | 73.80M | 26.00M | -25.30M | 27.60M | -196.40M | 19.90M |
| Free Cash Flow | 154.90M | 273.50M | 51.00M | 95.30M | 170.90M | 189.50M |
| Free Cash Flow Margin | 13.35% | 23.42% | 4.25% | 7.84% | 10.24% | 13.62% |
| Free Cash Flow Per Share | 4.32 | 7.55 | 1.40 | 2.60 | 4.44 | 4.73 |
| Levered Free Cash Flow | 88.94M | 306.49M | 216.24M | 146.10M | 54.88M | 150.41M |
| Unlevered Free Cash Flow | 133.31M | 355.43M | 277.36M | 204.41M | 93.50M | 182.72M |
| Cash Interest Paid | 61.70M | 70.40M | 85.40M | 82.70M | 54.80M | 47.50M |
| Cash Income Tax Paid | 400.00K | 8.70M | 26.90M | 29.70M | 54.80M | 53.70M |
| Change in Working Capital | -165.50M | -16.60M | -72.40M | -83.30M | -80.30M | 5.70M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.55B | 2.13B | 1.48B | 1.71B | 2.63B | 2.82B |
| Enterprise Value | 3.69B | 3.34B | 2.90B | 3.17B | 3.76B | 3.88B |
| Last Close Price | 74.32 | 59.18 | 40.75 | 47.22 | 70.44 | 71.70 |
| PE Ratio | 49.23 | 12.44 | 23.85 | |||
| Forward PE | 13.59 | 12.39 | 10.89 | 20.02 | 10.14 | 13.54 |
| PS Ratio | 2.20 | 1.82 | 1.23 | 1.41 | 1.58 | 2.02 |
| PB Ratio | 54.64 | 71.66 | 7.59 | 2.71 | 3.77 | 4.18 |
| P/FCF Ratio | 16.49 | 7.78 | 29.04 | 17.95 | 15.40 | 14.86 |
| P/OCF Ratio | 12.11 | 6.43 | 11.52 | 8.34 | 8.40 | 9.60 |
| PEG Ratio | 0.85 | 0.87 | 0.91 | 13.35 | 0.76 | 1.52 |
| EV/Sales Ratio | 3.18 | 2.86 | 2.42 | 2.61 | 2.25 | 2.79 |
| EV/EBITDA Ratio | 9.91 | 9.32 | 7.31 | 7.90 | 8.34 | 9.30 |
| EV/EBIT Ratio | 12.98 | 12.74 | 10.05 | 11.39 | 10.99 | 12.62 |
| EV/FCF Ratio | 23.85 | 12.20 | 56.94 | 33.24 | 22.02 | 20.48 |
| Debt / Equity Ratio | 26.36 | 41.84 | 7.42 | 2.43 | 2.19 | 1.97 |
| Debt / EBITDA Ratio | 3.20 | 3.33 | 3.49 | 3.66 | 3.24 | 3.03 |
| Debt / FCF Ratio | 7.98 | 4.54 | 28.41 | 16.10 | 8.96 | 7.01 |
| Net Debt / Equity Ratio | 24.28 | 39.21 | 7.08 | 2.28 | 2.08 | 1.56 |
| Net Debt / EBITDA Ratio | 3.06 | 3.25 | 3.48 | 3.59 | 3.22 | 2.52 |
| Net Debt / FCF Ratio | 7.35 | 4.26 | 27.08 | 15.10 | 8.51 | 5.56 |
| Asset Turnover | 0.68 | 0.64 | 0.52 | 0.45 | 0.64 | 0.58 |
| Inventory Turnover | 3.65 | 3.70 | 2.89 | 2.33 | 3.81 | 4.08 |
| Quick Ratio | 0.78 | 0.69 | 0.87 | 0.85 | 1.07 | 1.74 |
| Current Ratio | 1.61 | 1.33 | 1.87 | 1.81 | 2.25 | 2.70 |
| Return on Equity (ROE) | 30.07% | -133.66% | -29.37% | 15.91% | 30.84% | 17.95% |
| Return on Assets (ROA) | 10.41% | 8.91% | 7.77% | 6.49% | 8.22% | 8.00% |
| Return on Invested Capital (ROIC) | 15.98% | 18.90% | 15.85% | 10.72% | 13.86% | 12.84% |
| Return on Capital Employed (ROCE) | 23.70% | 20.00% | 16.40% | 12.30% | 14.10% | 14.00% |
| Earnings Yield | 2.03% | -7.85% | -29.05% | -0.32% | 8.04% | 4.19% |
| FCF Yield | 6.06% | 12.85% | 3.44% | 5.57% | 6.49% | 6.73% |
| Buyback Yield / Dilution | 1.53% | 0.28% | 1.04% | 4.59% | 3.96% | 3.58% |