A Business at a Glance
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Ecovyst Inc.
ECVT
$1.5B
Mkt Cap
$12.46
-3.34%
Ecovyst Inc. (ECVT) has a 5-year average return on invested capital (ROIC) of 4.2%. This is below average and may indicate limited pricing power.
Ecovyst Inc. (ECVT) has a market capitalization of $1.4B. It is classified as a small-cap stock.
Ecovyst Inc. (ECVT) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 6.11%.
Ecovyst Inc. (ECVT) operates in the Chemicals & Allied Products industry, within the Materials sector.
Ecovyst Inc. (ECVT) reported annual revenue of $724 million in its most recent fiscal year, based on SEC EDGAR filings.
Ecovyst Inc. (ECVT) has a net profit margin of -9.8%. The company is currently unprofitable.
Ecovyst Inc. (ECVT) generated $70 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Table of Contents Ecovyst Inc. (“Ecovyst” or the “Company”), formerly PQ Group Holdings Inc., was incorporated in Delaware on August 7, 2015. We trace our roots to the late 1800s with our first sulfuric acid plant and the beginning of our oldest customer relationship. Our common stock is listed on the New York Stock Exchange under the stock ticker “ECVT”. Unless the context otherwise indicates, the terms “Ecovyst Inc.,” “we,” “us,” “our,” or the “Company” mean Ecovyst Inc. and our subsidiaries. Effective on December 31, 2025, we completed the sale of our Advanced Materials & Catalysts segment, which includes our investment in affiliated companies, Zeolyst International and Zeolyst C.V. (collectively, the “Zeolyst Joint Venture”) to Technip Energies N.V. for a purchase price of $556.0 million, subject to certain adjustments set forth in the agreement. We used $465.0 million of the net cash proceeds to partially repay the Senior Secured Term Loan Facility due June 2031.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 776M | 724M | 598M | 585M | 820M | 611M |
| Net Income | -63M | -71M | -6.7M | 71M | 74M | -140M |
| EPS | $-0.55 | $-0.61 | $-0.06 | $0.60 | $0.55 | $-1.02 |
| Free Cash Flow | 87M | 70M | 94M | 79M | 128M | 70M |
| ROIC | 7.7% | 3.4% | 5.8% | 5.1% | 5.2% | 1.6% |
| Gross Margin | 21.8% | 21.8% | 27.3% | 28.5% | 27.4% | 28.9% |
| Debt/Equity | 0.68 | 0.71 | 1.28 | 1.26 | 1.28 | 1.23 |
| Dividends/Share | $0.00 | - | - | $0.00 | $0.00 | $3.20 |
| Operating Income | 78M | 65M | 85M | 90M | 104M | 55M |
| Operating Margin | 10.1% | 9.0% | 14.2% | 15.3% | 12.7% | 8.9% |
| ROE | -11.0% | -10.9% | -0.9% | 10.1% | 10.2% | -13.9% |
| Shares Outstanding | 109M | 117M | 111M | 119M | 134M | 137M |
| Metric | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1.1B | 1.5B | 1.2B | 533M | 496M | 611M | 820M | 585M | 598M | 724M | 776M |
| Gross Margin | 23.9% | 25.6% | 24.7% | 31.4% | 30.4% | 28.9% | 27.4% | 28.5% | 27.3% | 21.8% | 21.8% |
| R&D | 7.3M | 14M | 14M | 7.4M | 7.1M | 7.5M | 7.2M | 7.8M | 6.8M | N/A | N/A |
| SG&A | 110M | 147M | 131M | 84M | 82M | 98M | 85M | 61M | 65M | 66M | 64M |
| EBIT | 82M | 166M | 156M | 66M | 52M | 55M | 104M | 90M | 85M | 65M | 78M |
| Op. Margin | 7.7% | 11.3% | 12.7% | 12.4% | 10.4% | 8.9% | 12.7% | 15.3% | 14.2% | 9.0% | 10.1% |
| Net Income | -80M | 58M | 58M | 80M | -279M | -140M | 74M | 71M | -6.7M | -71M | -63M |
| Net Margin | -7.5% | 3.9% | 4.7% | 14.9% | -56.2% | -22.9% | 9.0% | 12.2% | -1.1% | -9.8% | -8.1% |
| Non-Recurring | 7.8M | -252K | -6.0M | -1.9M | 255M | -5.7M | -3.6M | -4.1M | -2.3M | -5.4M | -5.4M |
| Returns on Capital | |||||||||||
| ROIC | 4.4% | 4.5% | 2.5% | 1.3% | 1.7% | 1.6% | 5.2% | 5.1% | 5.8% | 3.4% | 7.7% |
| ROE | -12.7% | 4.3% | 3.5% | 4.6% | -18.2% | -13.9% | 10.2% | 10.1% | -0.9% | -10.9% | -11.0% |
| ROA | -3.7% | 1.3% | 1.3% | 1.8% | -7.4% | -5.5% | 3.9% | 3.8% | -0.4% | -4.6% | -5.1% |
| Cash Flow | |||||||||||
| Op. Cash Flow | 123M | 165M | 249M | 268M | 224M | 130M | 187M | 138M | 150M | 140M | 147M |
| Free Cash Flow | 1.3M | 25M | 137M | 213M | 169M | 70M | 128M | 79M | 94M | 70M | 87M |
| Owner Earnings | -11M | -21M | 76M | 180M | 129M | 18M | 87M | 40M | 49M | 54M | -340M |
| CapEx | 121M | 140M | 112M | 55M | 55M | 60M | 59M | 59M | 56M | 70M | 60M |
| Maint. CapEx | 128M | 177M | 154M | 75M | 77M | 80M | 79M | 85M | 89M | 76M | 477M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 128M | 177M | 154M | 75M | 77M | 80M | 79M | 85M | 89M | 76M | 477M |
| CapEx/OCF | N/A | 85.1% | 53.0% | 41.5% | 24.5% | 46.2% | 31.5% | 47.5% | 37.1% | 50.2% | 41.0% |
| Capital Allocation | |||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 244M | 436M | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | 19.8% | 25.9% | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 2.5M | 0 | 2.9M | 0 | 2.1M | 0 | 137M | 79M | 5.0M | 47M | 83M |
| Buyback Yield | N/A | N/A | 0.2% | 0.2% | 0.1% | N/A | 11.6% | 6.7% | 0.6% | 4.0% | 6.1% |
| Stock-Based Comp | 5.4M | 8.8M | 18M | 13M | 17M | 32M | 21M | 13M | 11M | 9.7M | 10M |
| Debt Repayment | 479M | 739M | 1.4B | 217M | 127M | 8.5M | 0 | 15M | 0 | 465M | 465M |
| Balance Sheet | |||||||||||
| Net Debt | 2.5B | 2.2B | 2.1B | 1.9B | 1.4B | 771M | 792M | 804M | 762M | 234M | 230M |
| Cash & Equiv. | 71M | 66M | 37M | 36M | 113M | 141M | 111M | 88M | 131M | 197M | 163M |
| Long-Term Debt | 2.5B | 2.2B | 2.1B | 1.8B | 1.4B | 873M | 866M | 859M | 852M | 393M | 393M |
| Debt/Equity | 2.50 | 1.37 | 1.27 | 1.06 | 1.16 | 1.23 | 1.28 | 1.26 | 1.28 | 0.71 | 0.68 |
| Interest Coverage | 0.6 | 0.9 | 1.7 | 1.0 | 1.0 | 1.5 | 2.8 | 2.0 | 2.3 | 1.9 | 1.9 |
| Equity | 1.0B | 1.6B | 1.7B | 1.8B | 1.3B | 741M | 707M | 705M | 700M | 603M | 575M |
| Total Assets | 4.3B | 4.4B | 4.3B | 4.3B | 3.2B | 1.9B | 1.9B | 1.8B | 1.8B | 1.3B | 1.2B |
| Total Liabilities | 3.2B | 2.8B | 2.7B | 2.5B | 1.9B | 1.2B | 1.2B | 1.1B | 1.1B | 658M | 671M |
| Intangibles | 817M | 786M | 728M | 555M | 137M | 146M | 130M | 117M | 68M | 59M | 57M |
| Retained Earnings | -90M | -33M | 26M | 103M | -176M | -316M | -242M | -171M | -178M | -249M | -244M |
| Working Capital | 250M | 261M | 303M | 299M | 227M | 147M | 138M | 127M | 189M | 199M | 176M |
| Current Assets | 493M | 549M | 559M | 569M | 429M | 292M | 268M | 246M | 304M | 319M | 304M |
| Current Liabilities | 242M | 288M | 256M | 270M | 202M | 145M | 129M | 119M | 115M | 121M | 128M |
| Per Share Data | |||||||||||
| EPS | -1.02 | 0.52 | 0.43 | 0.59 | -2.04 | -1.02 | 0.55 | 0.60 | -0.06 | -0.61 | -0.55 |
| Owner EPS | -0.14 | -0.19 | 0.56 | 1.33 | 0.95 | 0.13 | 0.65 | 0.34 | 0.45 | 0.46 | -3.10 |
| Book Value | 13.08 | 14.70 | 12.24 | 13.20 | 9.35 | 5.40 | 5.28 | 5.95 | 6.32 | 5.18 | 5.26 |
| Cash Flow/Share | 1.57 | 1.49 | 1.83 | 1.99 | 1.64 | 0.95 | 1.39 | 1.16 | 1.35 | 1.20 | 3.78 |
| Dividends/Share | N/A | N/A | 0.00 | 0.00 | 1.80 | 3.20 | 0.00 | 0.00 | N/A | N/A | 0.00 |
| Shares Out. | 78.2M | 110.8M | 135.6M | 134.8M | 136.7M | 137.2M | 134.0M | 118.6M | 110.9M | 116.6M | 109.5M |
| Valuation | |||||||||||
| P/E Ratio | N/A | 22.6 | 25.0 | 20.5 | N/A | N/A | 16.1 | 16.6 | N/A | N/A | -22.6 |
| P/FCF | N/A | 52.8 | 10.7 | 7.7 | 9.5 | 20.3 | 9.3 | 15.0 | 8.8 | 16.6 | 15.7 |
| EV/EBIT | N/A | 20.8 | 18.9 | 22.8 | 54.0 | 37.2 | 17.7 | 19.5 | 16.9 | 17.9 | 20.3 |
| Price/Book | N/A | 0.8 | 0.9 | 0.9 | 1.3 | 1.9 | 1.7 | 1.7 | 1.2 | 1.9 | 2.4 |
| Price/Sales | N/A | 0.9 | 1.0 | 1.2 | 2.5 | 2.8 | 1.6 | 1.8 | 1.6 | 1.3 | 1.8 |
| FCF Yield | N/A | 1.9% | 9.4% | 13.0% | 10.5% | 4.9% | 10.8% | 6.7% | 11.3% | 6.0% | 6.4% |
| Market Cap | N/A | 1.3B | 1.5B | 1.6B | 1.6B | 1.4B | 1.2B | 1.2B | 834M | 1.2B | 1.4B |
| Avg. Price | N/A | 11.65 | 11.33 | 11.07 | 9.01 | 12.26 | 9.91 | 10.34 | 8.53 | 7.98 | 12.46 |
| Year-End Price | N/A | 11.76 | 10.75 | 12.09 | 11.79 | 10.35 | 8.83 | 9.96 | 7.52 | 9.96 | 12.46 |
Ecovyst Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 19.7x vs a median of 10.7x. The company's 5-year average ROIC is 4.2% with a gross margin of 26.8%. Total shareholder yield (buybacks) is 6.1%. At current prices, the estimated annualized return to fair value is -7.6%.
Ecovyst Inc. (ECVT) has a debt-to-equity ratio of 0.71. This indicates moderate leverage.
Ecovyst Inc. (ECVT) reported earnings per share (EPS) of $-0.61 in its most recent fiscal year.
Ecovyst Inc. (ECVT) has a return on equity (ROE) of -10.9%. A negative ROE may indicate losses or negative equity.
Ecovyst Inc. (ECVT) has a 5-year average gross margin of 26.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 10 years of financial data for Ecovyst Inc. (ECVT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Ecovyst Inc. (ECVT) has a book value per share of $5.18, based on its most recent annual SEC filing.