Ecovyst Inc Financials
This page shows Ecovyst Inc (ECVT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 looked less like growth and more like a balance-sheet reset, with deleveraging offset by a thinner-margin sales mix.
In FY2025, reported earnings and cash diverged sharply: net loss widened to-$71.1M while operating cash flow stayed positive at$140.3M . That matters because the same year also brought a balance-sheet reset—long-term debt was cut by more than half to$392.6M as cash climbed to$197.2M , so the weaker income statement did not translate into tighter liquidity.
The top line got bigger, but incremental sales were less profitable: gross margin fell to
Capital intensity stayed manageable even during the reset: capex rose to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Ecovyst Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Ecovyst Inc has an operating margin of 9.0%, meaning the company retains $9 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is down from 14.2% the prior year.
Ecovyst Inc's revenue surged 20.9% year-over-year to $723.5M, reflecting rapid business expansion. This strong growth earns a score of 68/100.
Ecovyst Inc has a moderate D/E ratio of 0.65. This balance of debt and equity financing earns a leverage score of 39/100.
With a current ratio of 2.64, Ecovyst Inc holds $2.64 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 71/100.
Ecovyst Inc converts 9.7% of revenue into free cash flow ($69.9M). This strong cash generation earns a score of 73/100.
Ecovyst Inc's ROE of -11.8% shows moderate profitability relative to equity, earning a score of 61/100. This is down from -1.0% the prior year.
Ecovyst Inc scores 1.90, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($1.4B) relative to total liabilities ($657.5M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Ecovyst Inc passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Ecovyst Inc generates $-1.97 in operating cash flow ($140.3M OCF vs -$71.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Ecovyst Inc earns $1.9 in operating income for every $1 of interest expense ($64.9M vs $34.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Ecovyst Inc generated $723.5M in revenue in fiscal year 2025. This represents an increase of 20.9% from the prior year.
Ecovyst Inc's EBITDA was $141.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 19.0% from the prior year.
Ecovyst Inc reported -$71.1M in net income in fiscal year 2025. This represents a decrease of 961.2% from the prior year.
Ecovyst Inc earned $-0.61 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 916.7% from the prior year.
Cash & Balance Sheet
Ecovyst Inc generated $69.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 25.9% from the prior year.
Ecovyst Inc held $197.2M in cash against $392.6M in long-term debt as of fiscal year 2025.
Ecovyst Inc had 112M shares outstanding in fiscal year 2025. This represents a decrease of 4.1% from the prior year.
Margins & Returns
Ecovyst Inc's gross margin was 21.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 5.5 percentage points from the prior year.
Ecovyst Inc's operating margin was 9.0% in fiscal year 2025, reflecting core business profitability. This is down 5.3 percentage points from the prior year.
Ecovyst Inc's net profit margin was -9.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.7 percentage points from the prior year.
Ecovyst Inc's ROE was -11.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 10.8 percentage points from the prior year.
Capital Allocation
Ecovyst Inc spent $46.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 837.1% from the prior year.
Ecovyst Inc invested $70.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 26.7% from the prior year.
ECVT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $215.0M+7.8% | $199.4M-2.7% | $204.9M+16.4% | $176.1M+23.0% | $143.1M-3.9% | $148.9M-3.3% | $153.9M-0.1% | $154.0M |
| Cost of Revenue | $178.5M | N/A | $152.8M+1.6% | $150.4M+21.3% | $124.0M | N/A | $108.7M-15.8% | $129.2M |
| Gross Profit | $36.4M-22.1% | $46.8M-10.2% | $52.1M+29.7% | $40.2M+110.3% | $19.1M-55.6% | $43.0M-4.8% | $45.1M+7.4% | $42.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $19.1M | N/A | $15.7M-30.9% | $22.7M+37.3% | $16.5M | N/A | $15.2M-33.2% | $22.7M |
| Operating Income | $12.5M-42.5% | $21.8M-22.9% | $28.3M+79.2% | $15.8M+1708.6% | -$981K-104.4% | $22.4M-18.5% | $27.5M+27.1% | $21.7M |
| Interest Expense | $3.2M | N/A | $8.4M-24.7% | $11.1M+33.1% | $8.4M | N/A | $11.3M-12.3% | $12.9M |
| Income Tax | $3.6M | N/A | $20.2M+878.4% | $2.1M+192.2% | -$2.2M | N/A | $4.6M+49.4% | $3.1M |
| Net Income | $4.3M-24.8% | $5.7M+107.2% | -$79.3M-1424.0% | $6.0M+266.4% | -$3.6M+88.2% | -$30.4M-313.5% | $14.3M+71.8% | $8.3M |
| EPS (Diluted) | $0.04-20.0% | $0.05+107.2% | $-0.69-1480.0% | $0.05+266.7% | $-0.03+88.5% | $-0.26-316.7% | $0.12+71.4% | $0.07 |
ECVT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B-1.1% | $1.3B-27.3% | $1.7B-3.4% | $1.8B+0.5% | $1.8B-0.9% | $1.8B-2.0% | $1.8B+1.1% | $1.8B |
| Current Assets | $304.3M-4.7% | $319.4M+7.5% | $297.1M+10.3% | $269.4M-7.7% | $292.0M-3.9% | $303.7M+7.1% | $283.5M+7.4% | $264.0M |
| Cash & Equivalents | $162.6M-17.6% | $197.2M+140.5% | $82.0M+17.8% | $69.6M-45.4% | $127.5M-3.0% | $131.4M+6.4% | $123.5M+48.2% | $83.3M |
| Inventory | $32.2M+20.3% | $26.8M+11.1% | $24.1M-63.9% | $66.9M+13.8% | $58.8M+227.1% | $18.0M-66.5% | $53.7M+3.2% | $52.0M |
| Accounts Receivable | $94.1M+10.3% | $85.3M+2.5% | $83.3M-19.5% | $103.5M+34.5% | $76.9M+44.6% | $53.2M-28.1% | $74.0M-13.1% | $85.2M |
| Goodwill | $326.7M0.0% | $326.7M-0.1% | $327.0M-19.6% | $406.7M+0.5% | $404.9M+24.0% | $326.6M-19.5% | $405.8M+0.4% | $404.3M |
| Total Liabilities | $671.4M+2.1% | $657.5M-41.7% | $1.1B+2.1% | $1.1B+1.4% | $1.1B-1.2% | $1.1B-0.8% | $1.1B+0.7% | $1.1B |
| Current Liabilities | $127.9M+5.9% | $120.8M-8.5% | $132.1M+10.4% | $119.7M+15.0% | $104.0M-9.6% | $115.1M+3.0% | $111.8M+15.2% | $97.0M |
| Long-Term Debt | $392.8M0.0% | $392.6M-53.6% | $846.1M-0.2% | $847.9M-0.3% | $850.3M-0.2% | $852.1M-0.2% | $853.9M-0.2% | $855.9M |
| Total Equity | $575.2M-4.7% | $603.4M-0.7% | $607.9M-12.2% | $692.4M-0.9% | $698.7M-0.3% | $700.5M-4.0% | $729.4M+1.7% | $717.3M |
| Retained Earnings | -$244.3M+1.7% | -$248.6M+2.3% | -$254.4M-45.3% | -$175.1M+3.3% | -$181.1M-2.0% | -$177.5M-20.7% | -$147.1M+8.8% | -$161.3M |
ECVT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $16.9M-59.4% | $41.8M-24.4% | $55.3M+67.2% | $33.0M+222.1% | $10.3M-76.4% | $43.5M-27.4% | $59.9M+501.9% | $10.0M |
| Capital Expenditures | $14.1M-24.9% | $18.8M+808.5% | $2.1M-93.6% | $32.4M+89.7% | $17.1M+35.3% | $12.6M+100.1% | $6.3M-67.3% | $19.3M |
| Free Cash Flow | $2.8M-87.8% | $22.9M-56.9% | $53.2M+8676.1% | $606K+108.9% | -$6.8M-122.2% | $30.9M-42.4% | $53.6M+675.4% | -$9.3M |
| Investing Cash Flow | -$14.1M-102.6% | $543.9M+3186.7% | -$17.6M+73.5% | -$66.6M-174.6% | -$24.3M-40.8% | -$17.2M+11.1% | -$19.4M+0.5% | -$19.5M |
| Financing Cash Flow | -$37.4M+92.3% | -$487.5M-5937.9% | -$8.1M+67.6% | -$24.9M-460.2% | -$4.5M-63.1% | -$2.7M-257.2% | -$764K+92.5% | -$10.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $36.3M+86.4% | $19.5M+251.8% | $5.5M-74.7% | $21.9M | $0 | $0 | $0-100.0% | $5.0M |
ECVT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.9%-6.5pp | 23.4%-2.0pp | 25.4%+2.6pp | 22.8%+9.5pp | 13.4%-15.5pp | 28.9%-0.5pp | 29.3%+2.0pp | 27.3% |
| Operating Margin | 5.8%-5.1pp | 10.9%-2.9pp | 13.8%+4.8pp | 9.0%+9.7pp | -0.7%-15.8pp | 15.1%-2.8pp | 17.9%+3.8pp | 14.1% |
| Net Margin | 2.0%-0.9pp | 2.9%+41.6pp | -38.7%-42.1pp | 3.4%+5.9pp | -2.5%+17.9pp | -20.4%-29.7pp | 9.3%+3.9pp | 5.4% |
| Return on Equity | 0.8%-0.2pp | 0.9%+14.0pp | -13.0%-13.9pp | 0.9%+1.4pp | -0.5%+3.8pp | -4.3%-6.3pp | 1.9%+0.8pp | 1.2% |
| Return on Assets | 0.4%-0.1pp | 0.5%+5.0pp | -4.6%-4.9pp | 0.3%+0.5pp | -0.2%+1.5pp | -1.7%-2.5pp | 0.8%+0.3pp | 0.5% |
| Current Ratio | 2.38-0.3 | 2.64+0.4 | 2.250.0 | 2.25-0.6 | 2.81+0.2 | 2.64+0.1 | 2.54-0.2 | 2.72 |
| Debt-to-Equity | 0.68+0.0 | 0.65-0.7 | 1.39+0.2 | 1.220.0 | 1.220.0 | 1.22+0.0 | 1.17-0.0 | 1.19 |
| FCF Margin | 1.3%-10.2pp | 11.5%-14.5pp | 25.9%+25.6pp | 0.3%+5.1pp | -4.8%-25.5pp | 20.7%-14.1pp | 34.8%+40.9pp | -6.0% |
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Frequently Asked Questions
What is Ecovyst Inc's annual revenue?
Ecovyst Inc (ECVT) reported $723.5M in total revenue for fiscal year 2025. This represents a 20.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ecovyst Inc's revenue growing?
Ecovyst Inc (ECVT) revenue grew by 20.9% year-over-year, from $598.3M to $723.5M in fiscal year 2025.
Is Ecovyst Inc profitable?
No, Ecovyst Inc (ECVT) reported a net income of -$71.1M in fiscal year 2025, with a net profit margin of -9.8%.
What is Ecovyst Inc's EBITDA?
Ecovyst Inc (ECVT) had EBITDA of $141.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Ecovyst Inc have?
As of fiscal year 2025, Ecovyst Inc (ECVT) had $197.2M in cash and equivalents against $392.6M in long-term debt.
What is Ecovyst Inc's gross margin?
Ecovyst Inc (ECVT) had a gross margin of 21.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ecovyst Inc's operating margin?
Ecovyst Inc (ECVT) had an operating margin of 9.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Ecovyst Inc's net profit margin?
Ecovyst Inc (ECVT) had a net profit margin of -9.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Ecovyst Inc's return on equity (ROE)?
Ecovyst Inc (ECVT) has a return on equity of -11.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ecovyst Inc's free cash flow?
Ecovyst Inc (ECVT) generated $69.9M in free cash flow during fiscal year 2025. This represents a -25.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ecovyst Inc's operating cash flow?
Ecovyst Inc (ECVT) generated $140.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ecovyst Inc's total assets?
Ecovyst Inc (ECVT) had $1.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ecovyst Inc's capital expenditures?
Ecovyst Inc (ECVT) invested $70.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Ecovyst Inc's current ratio?
Ecovyst Inc (ECVT) had a current ratio of 2.64 as of fiscal year 2025, which is generally considered healthy.
What is Ecovyst Inc's debt-to-equity ratio?
Ecovyst Inc (ECVT) had a debt-to-equity ratio of 0.65 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ecovyst Inc's return on assets (ROA)?
Ecovyst Inc (ECVT) had a return on assets of -5.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ecovyst Inc's Altman Z-Score?
Ecovyst Inc (ECVT) has an Altman Z-Score of 1.90, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Ecovyst Inc's Piotroski F-Score?
Ecovyst Inc (ECVT) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ecovyst Inc's earnings high quality?
Ecovyst Inc (ECVT) has an earnings quality ratio of -1.97x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ecovyst Inc cover its interest payments?
Ecovyst Inc (ECVT) has an interest coverage ratio of 1.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ecovyst Inc?
Ecovyst Inc (ECVT) scores 65 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.