ECVTNYSEChemicals & Allied ProductsFiscal year ends December 31
Ecovyst Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$10.13−0.15 (-1.46%)
Close on Oct 19, 2026
- Market cap
- $1.12B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
21.8%−8.6 pts over 5 years
Operating margin
9.0%−1.4 pts over 5 years
Net margin
-9.8%+46.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +20.9% | -4.1% | +7.8% | +6.4% | |
| Gross profit | -3.2% | -11.1% | +0.9% | +3.7% | |
| Operating income | -23.8% | -14.7% | +4.7% | +1.5% | |
| Free cash flow | -25.9% | -18.2% | -16.2% | +34.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -18.2% | -10.9% | |
| Return on assets | – | -7.4% | -4.6% | |
| Current ratio | 2.03 | 2.12 | 2.64 | |
| Debt to equity | 2.50 | 1.10 | 0.65 | |
| Net debt to EBITDA | 11.81× | 10.02× | – | |
| Interest coverage | 0.6× | 1.0× | 1.9× | |
| Inventory turnover | – | 3.6× | 25.3× | |
| Capex to revenue | 11.4% | 11.1% | 9.7% | |
| Diluted shares | 78M | 136M | 116M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ecovyst generated $744.32M from operations and spent $1.01B on capital expenditure, dividends and share buybacks. 30% of that went back into the business.
Generated
$744.32M
Used
$1.01B
Capital expenditure$303.96M30%Dividends$435.59M43%Share buybacks$267.42M27%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-9.8%
×Asset turnover0.47×
×Equity multiplier2.35×
=Return on equity, FY2025-10.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -9.8% | 0.47× | 2.35× | -10.9% |
| FY2024 | -1.1% | 0.33× | 2.59× | -0.9% |
| FY2023 | 12.2% | 0.31× | 2.63× | 10.1% |
| FY2022 | 9.0% | 0.43× | 2.64× | 10.2% |
| FY2021 | -22.9% | 0.24× | 2.54× | -13.9% |
| FY2020 | -56.2% | 0.13× | 2.46× | -18.2% |
| FY2019 | 14.9% | 0.12× | 2.52× | 4.6% |
| FY2018 | 4.7% | 0.28× | 2.66× | 3.5% |
| FY2017 | 3.9% | 0.34× | 3.27× | 4.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$71.13M
- Cash generatingOperating cash flow above zero$140.31M
- Return on assets improvedROA up on the prior year-0.4% → -3.9%
- Earnings backed by cashOperating cash flow above net income$140.31M vs -$71.13M
- Less leverageLong-term debt to assets fell47.3% → 31.1%
- Better liquidityCurrent ratio rose2.64 → 2.64
- No dilutionShare count did not rise117M → 116M
- Gross margin improvedGross margin up on the prior year27.31% → 21.85%
- More efficientAsset turnover rose0.33 → 0.40