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ECVT

Ecovyst Inc.

ECVT

Ecovyst Inc. • NYSE
$9.20 ▲ 0.77% (+0.07)
Market Cap $1.05 B
52w High $9.69
52w Low $5.24
Dividend Yield 0%
P/E -34.07
Volume 638.25K
Outstanding Shares 114.02M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $204.9M ▲ $23.8M ▼ $-79.3M ▼ -38.702% ▼ $0 ▼ $39.934M ▼
Q2-2025 $200.128M ▲ $31.913M ▲ $5.986M ▲ 2.991% ▲ $0.05 ▲ $43.109M ▲
Q1-2025 $162.197M ▼ $26.527M ▼ $-3.597M ▲ -2.218% ▲ $-0.03 ▲ $29.985M ▲
Q4-2024 $181.961M ▲ $29.181M ▲ $-30.419M ▼ -16.717% ▼ $-0.26 ▼ $-3.15M ▼
Q3-2024 $179.175M $23.162M $14.251M 7.954% $0.12 $53.28M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $81.976M ▲ $1.735B ▼ $1.127B ▲ $607.866M ▼
Q2-2025 $69.597M ▼ $1.796B ▲ $1.104B ▲ $692.387M ▼
Q1-2025 $127.478M ▼ $1.787B ▼ $1.088B ▼ $698.684M ▼
Q4-2024 $146.013M ▲ $1.802B ▼ $1.102B ▼ $700.46M ▼
Q3-2024 $123.474M $1.84B $1.111B $729.37M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $372K ▼ $55.254M ▲ $-17.62M ▲ $-8.074M ▲ $12.379M ▲ $53.183M ▲
Q2-2025 $5.986M ▲ $33.037M ▲ $-66.587M ▼ $-24.934M ▼ $-57.881M ▼ $7.765M ▲
Q1-2025 $-3.597M ▲ $10.256M ▼ $-24.253M ▼ $-4.451M ▼ $-18.535M ▼ $-13.997M ▼
Q4-2024 $-30.419M ▼ $43.495M ▼ $-17.228M ▲ $-2.729M ▼ $22.539M ▼ $26.267M ▼
Q3-2024 $14.251M $59.935M $-19.376M $-764K $40.156M $44.859M

Revenue by Products

Product Q4-2022Q1-2023Q2-2023Q4-2023
Ecoservices
Ecoservices
 $160.00M ▲$140.00M ▼$160.00M ▲$290.00M ▲
Catalyst Technologies
Catalyst Technologies
 $20.00M ▲$20.00M ▲$30.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Ecovyst’s revenue has generally trended upward over the past several years, but profits have been choppy. The core business appears to generate stable gross and operating profits, suggesting the underlying operations are reasonably healthy. However, net income has swung between losses and profits, with the most recent year slipping back into a small loss after two profitable years. That pattern hints at factors like interest costs, taxes, or one‑time items weighing on the bottom line, even as the core business remains fairly steady. Overall, it looks like a business with improving fundamentals over the long run, but with earnings volatility that investors would want to understand in more detail.

Balance Sheet

Balance Sheet The balance sheet shows a company that has reduced its overall size and debt load compared with a few years ago, likely reflecting portfolio changes and de‑leveraging. Debt remains meaningful, but it is noticeably lower than earlier in the period, while equity has also come down and then stabilized. Cash on hand is modest, so Ecovyst does not appear cash‑rich, but it is not in an obviously distressed position either. The announced divestiture of the Advanced Materials & Catalysts business, if completed as described, should further strengthen the balance sheet and give the company more financial flexibility, though it will also change the asset base quite a bit.

Cash Flow

Cash Flow Cash generation is a relative bright spot. Ecovyst has produced consistent positive operating cash flow over the past five years, even during periods when accounting profits were weak or negative. After funding a fairly steady level of capital spending, free cash flow has remained positive each year, suggesting that the business model is cash‑generative and not overly capital‑intensive. This steady cash flow helps support debt service and provides room to invest or return capital, though the limited cash balance means timing and discipline around spending still matter.

Competitive Edge

Competitive Edge Ecovyst holds a strong niche position, especially in its Ecoservices segment, where it is a leading provider of sulfuric acid regeneration services in North America. Long‑term contracts with major refineries and a strategically located network of facilities create high switching costs and a service that is embedded in customers’ operations. Historically, its catalyst technologies and the Zeolyst joint venture added another layer of competitive strength, although that catalysts business is expected to be sold. After the sale, Ecovyst will be more focused but also more dependent on sulfuric acid services and related markets, which concentrates both its strengths and its risks in a narrower set of activities tied to refining and industrial demand.

Innovation and R&D

Innovation and R&D Innovation at Ecovyst is closely tied to sustainability themes, which aligns well with long‑term industry trends. The company has focused its research on catalysts and services that support cleaner fuels, recyclable plastics, advanced recycling, and more efficient use of sulfuric acid. Its branded catalyst families and Chem32 activation services show a pattern of specialized, customer‑specific solutions rather than commodity offerings. Looking ahead, R&D and capital are expected to tilt even more toward Ecoservices, high‑purity sulfuric acid for energy‑transition uses, and support for renewable fuels. The planned Cornerstone sulfuric acid asset acquisition and the cash expected from the AM&C sale both give Ecovyst additional room to invest in these innovation areas, but execution on integrating and focusing this portfolio will be critical.

Summary

Ecovyst is evolving into a more tightly focused specialty chemicals services company centered on sulfuric acid regeneration and related products. The core operations appear relatively steady and cash‑generative, but reported earnings have been uneven, and the most recent return to a small loss stands out as a point to monitor. The balance sheet has improved versus several years ago and could strengthen further if the large divestiture closes as planned, though the company is not flush with cash today. Its competitive position in sulfuric acid services is strong, underpinned by long‑term contracts, technical expertise, and strategic plant locations, but the future business will be more concentrated in this area once catalysts are sold. Innovation is clearly oriented toward sustainability and energy‑transition markets, which creates attractive long‑term opportunities but also brings execution risk as Ecovyst reshapes its portfolio, integrates new assets, and manages exposure to cyclical refining and industrial end‑markets.

NEWS

November 4, 2025 · 6:00 AM UTC

Ecovyst Reports Third Quarter 2025 Results and Updates Guidance

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October 22, 2025 · 3:54 PM UTC

Ecovyst to Host Third Quarter 2025 Earnings Conference Call and Webcast on Tuesday, November 4, 2025 at 11:00 a.m. ET

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September 11, 2025 · 1:03 AM UTC

Ecovyst Announces Agreement to Sell its Advanced Materials & Catalyst Segment to Technip Energies

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September 11, 2025 · 1:00 AM UTC

Technip Energies to acquire Ecovyst's Advanced Materials & Catalysts business

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