A Business at a Glance
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Ingevity Corp
NGVT
$2.7B
Mkt Cap
$73.26
-0.68%
Ingevity Corp (NGVT) has a 5-year average return on invested capital (ROIC) of 21.5%. This indicates strong capital allocation and a potential competitive advantage.
Ingevity Corp (NGVT) has a market capitalization of $2.6B. It is classified as a mid-cap stock.
Ingevity Corp (NGVT) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 4.25%.
Ingevity Corp (NGVT) operates in the Chemicals & Allied Products industry, within the Materials sector.
Ingevity Corp (NGVT) reported annual revenue of $1.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Ingevity Corp (NGVT) has a net profit margin of -14.3%. The company is currently unprofitable.
Ingevity Corp (NGVT) generated $274 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Ingevity Corporation provides products and technologies that purify, protect, and enhance the world around us. Through a diverse team of talented and experienced people, we develop, manufacture, and bring to market solutions that are largely renewably sourced and help customers solve complex problems while making the world more sustainable. Our products are used in a variety of demanding applications, including automotive gasoline vapor emissions control systems, food, water and chemical filtration, asphalt paving, agrochemical dispersants, bioplastics, coatings, elastomers, and paint for road markings. We operate in three reportable segments: Performance Materials, Performance Chemicals and Advanced Polymer Technologies. Throughout this Annual Report on Form 10-K, except where otherwise stated or indicated by the context, "Ingevity," the "Company," "we," "us," or "our" means Ingevity Corporation and its consolidated subsidiaries and their predecessors.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.1B | 1.2B | 1.2B | 1.2B | 1.7B | 1.4B |
| Net Income | -128M | -167M | -430M | -5.4M | 212M | 118M |
| EPS | $-3.48 | $-4.61 | $-11.85 | $-0.15 | $5.50 | $2.95 |
| Free Cash Flow | 246M | 274M | 51M | 95M | 171M | 190M |
| ROIC | 29.8% | 30.8% | 23.8% | 16.5% | 18.6% | 18.0% |
| Gross Margin | 40.7% | 39.5% | 38.7% | 36.6% | 34.2% | 36.9% |
| Debt/Equity | 30.96 | 41.84 | 7.42 | 2.43 | 2.19 | 1.97 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 400M | 419M | 426M | 423M | 453M | 422M |
| Operating Margin | 35.1% | 35.9% | 35.5% | 34.8% | 27.1% | 30.3% |
| ROE | -328.5% | -148.6% | -104.1% | -0.8% | 30.8% | 17.9% |
| Shares Outstanding | 35M | 36M | 36M | 36M | 38M | 40M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 0 | 0 | 908M | 972M | 1.1B | 1.3B | 1.2B | 1.4B | 1.7B | 1.2B | 1.2B | 1.2B | 1.1B |
| Gross Margin | N/A | N/A | 30.2% | 33.8% | 36.8% | 37.3% | 38.3% | 36.9% | 34.2% | 36.6% | 38.7% | 39.5% | 40.7% |
| R&D | 7.8M | 17M | 18M | 20M | 22M | 20M | 23M | 26M | 30M | 25M | 25M | 28M | 27M |
| SG&A | 108M | 93M | 96M | 106M | 132M | 163M | 149M | 179M | 199M | 162M | 158M | 171M | 169M |
| EBIT | 215M | 152M | 164M | 243M | 321M | 397M | 398M | 422M | 453M | 423M | 426M | 419M | 400M |
| Op. Margin | N/A | N/A | 18.0% | 25.0% | 28.3% | 30.7% | 32.7% | 30.3% | 27.1% | 34.8% | 35.5% | 35.9% | 35.1% |
| Net Income | 129M | 80M | 35M | 127M | 169M | 184M | 181M | 118M | 212M | -5.4M | -430M | -167M | -128M |
| Net Margin | N/A | N/A | 3.9% | 13.0% | 14.9% | 14.2% | 14.9% | 8.5% | 12.7% | -0.4% | -35.9% | -14.3% | -11.2% |
| Non-Recurring | 6.4M | 15M | 2.2M | 1.3M | 1.1M | 2.2M | 8.5M | 100K | 0 | 55M | 302M | 170M | 1.0M |
| Returns on Capital | |||||||||||||
| ROIC | 39.5% | 19.4% | 17.2% | 33.5% | 31.9% | 22.9% | 17.7% | 18.0% | 18.6% | 16.5% | 23.8% | 30.8% | 29.8% |
| ROE | 34.7% | 17.1% | 11.0% | 64.7% | 56.1% | 42.3% | 30.9% | 17.9% | 30.8% | -0.8% | -104.1% | -148.6% | -328.5% |
| ROA | 18.0% | 10.7% | 4.4% | 14.4% | 15.1% | 10.6% | 8.1% | 4.9% | 8.1% | -0.2% | -18.5% | -9.1% | -7.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 139M | 72M | 128M | 174M | 252M | 276M | 352M | 293M | 313M | 205M | 129M | 331M | 304M |
| Free Cash Flow | 37M | -29M | 71M | 122M | 158M | 161M | 270M | 190M | 171M | 95M | 51M | 274M | 246M |
| Owner Earnings | 106M | 38M | 84M | 124M | 183M | 178M | 244M | 171M | 189M | 78M | 8.4M | 207M | 194M |
| CapEx | 102M | 101M | 57M | 53M | 94M | 115M | 82M | 104M | 143M | 110M | 78M | 58M | 58M |
| Maint. CapEx | 32M | 35M | 39M | 40M | 57M | 85M | 100M | 110M | 109M | 123M | 108M | 106M | 104M |
| Growth CapEx | 70M | 66M | 18M | 12M | 37M | 30M | 0 | 0 | 34M | 0 | 0 | 0 | 0 |
| D&A | 32M | 35M | 39M | 40M | 57M | 85M | 100M | 110M | 109M | 123M | 108M | 106M | 104M |
| CapEx/OCF | N/A | N/A | 44.3% | 30.2% | 37.3% | 41.6% | 23.3% | 35.4% | 45.5% | 53.5% | 60.3% | 17.4% | 19.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 449M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | 25.7% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 6.6M | 47M | 6.4M | 88M | 109M | 145M | 92M | 0 | 56M | 109M |
| Buyback Yield | 0.0% | N/A | N/A | 0.2% | 1.4% | 0.2% | 2.8% | 3.8% | 5.4% | 5.4% | N/A | 2.6% | 4.2% |
| Stock-Based Comp | 0 | 0 | 4.7M | 10M | 13M | 12M | 8.4M | 12M | 16M | 4.8M | 12M | 18M | 5.4M |
| Debt Repayment | 0 | 5.8M | 0 | 0 | 0 | 123M | 389M | 23M | 628M | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -17M | 55M | 449M | 363M | 679M | 1.3B | 1.1B | 1.0B | 1.5B | 1.4B | 1.4B | 1.2B | 1.0B |
| Cash & Equiv. | 20M | 32M | 31M | 88M | 78M | 57M | 258M | 275M | 77M | 96M | 68M | 78M | 181M |
| Long-Term Debt | 0 | 80M | 481M | 444M | 741M | 1.2B | 1.3B | 1.3B | 1.5B | 1.4B | 1.3B | 1.2B | 1.1B |
| Debt/Equity | 0.01 | 0.17 | 3.77 | 1.72 | 2.23 | 2.46 | 2.10 | 1.97 | 2.19 | 2.43 | 7.42 | 41.84 | 30.96 |
| Interest Coverage | 13.1 | 7.6 | 8.5 | 13.4 | 9.7 | 7.3 | 8.4 | 8.2 | 7.3 | 4.5 | 4.4 | 5.3 | 5.2 |
| Equity | 417M | 514M | 127M | 264M | 339M | 531M | 642M | 674M | 698M | 631M | 195M | 30M | 39M |
| Total Assets | 717M | 779M | 833M | 930M | 1.3B | 2.1B | 2.3B | 2.5B | 2.7B | 2.6B | 2.0B | 1.7B | 1.7B |
| Total Liabilities | 301M | 261M | 698M | 652M | 977M | 1.6B | 1.7B | 1.8B | 2.0B | 2.0B | 1.8B | 1.6B | 1.6B |
| Intangibles | N/A | 10M | 7.3M | 4.9M | 126M | 396M | 373M | 338M | 405M | 336M | 279M | 176M | 168M |
| Retained Earnings | N/A | 0 | 16M | 143M | 314M | 497M | 678M | 796M | 1.0B | 1.0B | 572M | 405M | 465M |
| Working Capital | N/A | 197M | 158M | 216M | 239M | 248M | 405M | 456M | 380M | 296M | 229M | 113M | 172M |
| Current Assets | N/A | 296M | 295M | 369M | 423M | 463M | 629M | 725M | 683M | 659M | 493M | 454M | 582M |
| Current Liabilities | N/A | 100M | 137M | 153M | 183M | 216M | 223M | 269M | 304M | 363M | 264M | 341M | 409M |
| Per Share Data | |||||||||||||
| EPS | 3.06 | 1.89 | 0.83 | 2.97 | 3.97 | 4.35 | 4.37 | 2.95 | 5.50 | -0.15 | -11.85 | -4.61 | -3.48 |
| Owner EPS | 2.52 | 0.89 | 1.99 | 2.91 | 4.28 | 4.22 | 5.87 | 4.27 | 4.90 | 2.15 | 0.23 | 5.70 | 5.57 |
| Book Value | 9.88 | 12.18 | 2.99 | 6.20 | 7.95 | 12.57 | 15.47 | 16.83 | 18.15 | 17.54 | 5.38 | 0.82 | 1.12 |
| Cash Flow/Share | 3.29 | 1.71 | 3.02 | 4.09 | 5.92 | 6.53 | 8.49 | 7.33 | 8.15 | 5.70 | 3.54 | 9.14 | -0.68 |
| Dividends/Share | N/A | N/A | 10.58 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 42.2M | 42.2M | 42.4M | 42.6M | 42.6M | 42.2M | 41.5M | 40.0M | 38.5M | 36.0M | 36.3M | 36.2M | 34.9M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | 65.4 | 23.9 | 20.7 | 20.0 | 17.1 | 24.5 | 12.7 | N/A | N/A | N/A | -21.0 |
| P/FCF | N/A | N/A | 32.3 | 24.9 | 22.1 | 22.8 | 11.4 | 15.3 | 15.7 | 18.0 | 28.9 | 8.0 | 10.4 |
| EV/EBIT | N/A | N/A | 855.8 | 19.0 | 16.9 | 17.1 | 13.8 | N/A | 12.1 | N/A | N/A | N/A | 8.9 |
| Price/Book | N/A | N/A | 18.1 | 11.5 | 10.3 | 6.9 | 4.8 | 4.3 | 3.8 | 2.7 | 7.6 | 73.4 | 65.7 |
| Price/Sales | N/A | N/A | 1.9 | 2.7 | 3.2 | 3.1 | 1.9 | 2.2 | 1.6 | 1.3 | 1.3 | 1.5 | 2.2 |
| FCF Yield | N/A | N/A | 3.1% | 4.0% | 4.5% | 4.4% | 8.7% | 6.5% | 6.4% | 5.6% | 3.5% | 12.5% | 9.6% |
| Market Cap | 0 | N/A | 2.3B | 3.0B | 3.5B | 3.7B | 3.1B | 2.9B | 2.7B | 1.7B | 1.5B | 2.2B | 2.6B |
| Avg. Price | 0.00 | N/A | 41.21 | 61.59 | 85.29 | 94.24 | 56.90 | 77.10 | 67.47 | 58.97 | 43.69 | 47.20 | 73.26 |
| Year-End Price | 0.00 | N/A | 54.31 | 71.08 | 82.09 | 86.96 | 74.54 | 72.39 | 69.70 | 47.65 | 40.60 | 60.15 | 73.26 |
Ingevity Corp passes 4 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 9.5x vs a median of 20.1x. The company's 5-year average ROIC is 21.5% with a gross margin of 37.2%. Total shareholder yield (buybacks) is 4.2%. At current prices, the estimated annualized return to fair value is -7.8%.
Ingevity Corp (NGVT) has a debt-to-equity ratio of 41.84. This indicates higher leverage, which may increase financial risk.
Ingevity Corp (NGVT) reported earnings per share (EPS) of $-4.61 in its most recent fiscal year.
Ingevity Corp (NGVT) has a return on equity (ROE) of -148.6%. A negative ROE may indicate losses or negative equity.
Ingevity Corp (NGVT) has a 5-year average gross margin of 37.2%. This indicates decent pricing power.
The Ledger Terminal provides 12 years of financial data for Ingevity Corp (NGVT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Ingevity Corp (NGVT) has a book value per share of $0.82, based on its most recent annual SEC filing.
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