Ecovyst Inc. (ECVT)
Ecovyst Inc. is a global provider of specialized catalysts and related services, with operations spanning the United States, the Netherlands, the United Kingdom, and other international markets. The company's activities are organized into two primary divisions. Its Ecoservices segment focuses on recycling sulfuric acid for use in refinery alkylate production, as well as supplying new sulfuric acid for diverse applications such as mining, water purification, and various industrial processes. The Catalyst Technologies segment delivers bespoke catalyst products and process solutions to manufacturers and licensors involved in producing polyethylene and methyl methacrylate. These catalysts are crucial for manufacturing plastics utilized in products like packaging films, bottles, containers, and other molded items. Furthermore, this segment offers zeolite-based emission control catalysts, engineered to eliminate nitrogen oxides from diesel engine exhaust and extract sulfur dioxide from fuels during the refining process. Founded in 1831 and headquartered in Malvern, Pennsylvania, the company operated as PQ Group Holdings Inc. until it adopted the name Ecovyst Inc. in August 2021.
Sector: Chemicals & Allied Products
Industry: Chemicals - Specialty
Ecovyst Inc.
NYSE:ECVTBasic Materials · Chemicals - Specialty
-0.20%$9.79
AH Close$9.79+0.00%vs close
AH Close$9.79+0.00%vs close
Mkt Cap$1.07B
Float107.38M
O/S109.47M
Inst Own100.5%
SI5.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$723.51M
Net Income-$71.13M
Total Assets$1.26B
Free Cash Flow$69.89M
Debt & Equity
Debt 42%
Equity 58%
Total Debt$430.74M
Total Equity$603.5M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ECVT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.26B
Liabilities$657.5M
Accounts Receivable$85.3M
Accounts Payable$48M
Inventory$26.8M
PP&E (Net)$519.1M
Goodwill$326.7M
Intangible Assets$59.3M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Revenue | $723.51M | $704.49M | $691.12M | $820.16M | $611.2M | $495.92M | $532.75M | $1.61B | $1.47B | $1.06B | $388.88M | $397.36M |
| YoY Growth | 2.7% | 1.9% | -15.7% | 34.2% | 23.2% | -6.9% | -66.9% | 9.2% | 38.3% | 173.7% | -2.1% | - |
| Cost of Revenue | $565.43M | $502.97M | $493.15M | $595.53M | $434.54M | $344.97M | $365.54M | $1.23B | $1.1B | $810.09M | $278.79M | $295.99M |
| Gross Profit | $158.09M | $201.52M | $197.97M | $224.63M | $176.66M | $150.95M | $167.21M | $381.63M | $376.84M | $254.09M | $110.08M | $101.37M |
| Gross Margin | 21.8% | 28.6% | 28.6% | 27.4% | 28.9% | 30.4% | 31.4% | 23.7% | 25.6% | 23.9% | 28.3% | 25.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15.56M | $13.86M | $7.27M | $0 | $0 |
| Selling, General, and Administrative | $66.02M | $83.88M | $79.22M | $85.33M | $97.78M | $81.55M | $83.51M | $168.63M | $148.88M | $111.19M | $35.2M | $47.79M |
| Other | $13.64M | $19.55M | $22.1M | $34.91M | $24.27M | $17.84M | $17.73M | $41.98M | $38.75M | $30.05M | $6.81M | $0 |
| Total Operating Expenses | $79.66M | $103.43M | $101.31M | $120.25M | $122.05M | $99.39M | $101.24M | $210.61M | $187.63M | $141.23M | $42.01M | $69.73M |
| Operating Income (EBIT) | $78.43M | $98.09M | $96.65M | $104.39M | $54.61M | $51.57M | $65.97M | $183.56M | $167.5M | $84.19M | $55.77M | $47.4M |
| Operating Margin | 10.8% | 13.9% | 14.0% | 12.7% | 8.9% | 10.4% | 12.4% | 11.4% | 11.4% | 7.9% | 14.3% | 11.9% |
| Interest Expense | $34.2M | $49.43M | $44.73M | $37.22M | $36.99M | $50.41M | $66.87M | $90.76M | $179.04M | $140.31M | $44.35M | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.56M |
| Other Income (Expense) | -$52.64M | -$103.12M | -$14.71M | -$9.65M | -$40.67M | -$49.35M | -$22.55M | -$99.54M | -$226.52M | -$150.66M | -$44.35M | -$24.31M |
| Income Before Tax (EBT) | $25.79M | -$5.02M | $81.94M | $94.73M | $13.94M | $2.21M | $43.42M | $88.62M | -$60.63M | -$69.12M | $11.43M | $23.09M |
| Income Tax Expense | $19.5M | $1.63M | $10.79M | $24.94M | $12.15M | -$52.06M | $12.3M | $29M | -$119.2M | $10.04M | $0 | $14.6M |
| Net Income | -$71.13M | -$6.65M | $71.15M | $73.7M | -$139.95M | -$278.77M | $79.54M | $58.3M | $57.6M | -$79.75M | $11.43M | -$22.06M |
| Net Income Margin | -9.8% | -0.9% | 10.3% | 9.0% | -22.9% | -56.2% | 14.9% | 3.6% | 3.9% | -7.5% | 2.9% | -5.6% |
| Supplementary Data | ||||||||||||
| EPS | -0.62 | -0.06 | 0.60 | 0.52 | -1.03 | -2.06 | 0.59 | 0.44 | 0.52 | -1.02 | 0.11 | -0.21 |
| Diluted EPS | -0.61 | -0.06 | 0.60 | 0.52 | -1.02 | -2.06 | 0.59 | 0.43 | 0.52 | -1.02 | 0.11 | -0.21 |
| Weighted Average OS | 115.29M | 116.72M | 118.37M | 133.60M | 136.17M | 135.53M | 134.39M | 133.38M | 111.30M | 78.02M | 103.98M | 103.98M |
| EBITDA | $138.59M | $114.95M | $211.27M | $211.12M | $130.67M | $129.55M | $185.07M | $387.83M | $295.55M | $267.33M | $94.78M | $92.81M |
| EBITDA Margin | 19.2% | 16.3% | 30.6% | 25.7% | 21.4% | 26.1% | 34.7% | 24.1% | 20.1% | 25.1% | 24.4% | 23.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $197.2M | $146.01M | $88.36M | $110.92M | $140.89M | $113.38M | $53.86M | $57.9M | $66.2M | $70.74M | $25.16M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $197.2M | $146.01M | $88.36M | $110.92M | $140.89M | $113.38M | $53.86M | $57.9M | $66.2M | $70.74M | $25.16M |
| Accounts Receivable | $85.3M | $77.94M | $81.31M | $74.76M | $87.54M | $45.94M | $140.04M | $196.77M | $193.46M | $164.78M | $34.33M |
| Inventory | $26.8M | $57.13M | $45.12M | $44.36M | $53.81M | $52.79M | $137.62M | $264.7M | $262.4M | $227.05M | $10.18M |
| Other Current Assets | $10.1M | $22.64M | $31.19M | $37.66M | $9.43M | $205.09M | $206.37M | $0 | $0 | $14.91M | $0 |
| Total Current Assets | $319.4M | $303.71M | $245.99M | $267.7M | $291.67M | $428.67M | $569.49M | $558.6M | $549M | $492.68M | $71.53M |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $519.1M | $602.83M | $601.18M | $613.15M | $626.35M | $620.65M | $1.06B | $1.21B | $1.23B | $1.18B | $481.07M |
| Goodwill | $326.7M | $404.1M | $404.47M | $403.16M | $406.14M | $391.56M | $973.58M | $1.25B | $1.31B | $1.24B | $311.89M |
| Intangible Assets | $59.3M | $98.41M | $116.55M | $129.93M | $145.62M | $137.45M | $555.27M | $728.4M | $786.1M | $816.57M | $137.28M |
| Long-Term Investments | $0 | $349.31M | $459.22M | $436.01M | $446.07M | $458.13M | $472.81M | $468.2M | $469.3M | $459.41M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $196.12M | $189.34M | $195.33M | $0 |
| Other Long-Term Assets | $36.5M | $43.95M | $10.34M | $34.59M | $15.37M | $1.16B | $691.02M | -$87.82M | -$114.64M | -$127.13M | $5.86M |
| Total Long-Term Assets | $941.6M | $1.5B | $1.59B | $1.62B | $1.64B | $2.77B | $3.75B | $3.77B | $3.87B | $3.77B | $936.11M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.26B | $1.8B | $1.84B | $1.88B | $1.93B | $3.2B | $4.32B | $4.33B | $4.42B | $4.26B | $1.01B |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $48M | $43.93M | $40.2M | $40.02M | $51.86M | $38.13M | $114.99M | $148.37M | $149.33M | $128.48M | $15.88M |
| Short-Term Debt | $9.5M | $8.73M | $9M | $9M | $9M | $0 | $7.77M | $7.24M | $45.17M | $14.48M | $5M |
| Current Income Tax Payable | $0 | $4.13M | $7.71M | $6.54M | $12.01M | $5.28M | $7.15M | $5.14M | $2.79M | $10.53M | $2.11M |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.14M | $1.64M | $1.64M | $1.64M |
| Other Current Liabilities | $63.3M | $23.47M | $34.32M | $30.89M | $30.08M | $130.89M | $97.5M | $2.16M | $3.12M | $9.67M | $1.64M |
| Total Current Liabilities | $120.8M | $115.13M | $119.08M | $129.4M | $145.08M | $201.87M | $270.36M | $255.6M | $288.4M | $242.39M | $56.27M |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $392.58M | $852.1M | $858.95M | $865.87M | $872.84M | $1.4B | $1.84B | $2.11B | $2.19B | $2.55B | $668.1M |
| Long-Term Unearned Revenue | $0 | -$110K | $0 | $0 | $0 | $13.39M | $6.45M | $0 | $20.61M | $22.25M | $23.89M |
| Long-Term Deferred Tax Liabilities | $113.3M | $105.5M | $115.79M | $144.4M | $134.41M | $126.21M | $210.3M | $196.1M | $189.3M | $318.46M | $20.24M |
| Other Long-Term Liabilities | $2.19M | $3.24M | $17.48M | $10M | $4.77M | $157.02M | $171.18M | $102.98M | $309.81M | $441.62M | $27.74M |
| Total Long-Term Liabilities | $536.7M | $986.74M | $1.01B | $1.05B | $1.05B | $1.72B | $2.27B | $2.41B | $2.5B | $2.99B | $716.08M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $657.5M | $1.1B | $1.13B | $1.18B | $1.19B | $1.92B | $2.54B | $2.66B | $2.78B | $3.23B | $772.34M |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17K | $0 | $0 | $0 |
| Common Stock | $1.4M | $1.41M | $1.41M | $1.4M | $1.38M | $1.37M | $1.37M | $1.4M | $1.4M | $73K | $0 |
| Retained Earnings | -$248.6M | -$177.51M | -$170.86M | -$242.01M | -$315.71M | -$175.76M | $103.01M | $25.5M | -$32.8M | -$90.38M | -$10.63M |
| Comprehensive Income & Other | $3.3M | -$7.41M | -$958K | $5.99M | -$5.79M | -$15.27M | -$15.35M | -$39.1M | $4.3M | -$53.71M | $648K |
| Other Stockholders' Equity | $850.7M | $876.56M | $874.91M | $947.84M | $1.06B | $1.45B | $1.68B | $1.63B | $1.66B | $1.11B | $245.93M |
| Total Equity | $603.5M | $700.46M | $705.46M | $707.23M | $740.74M | $1.28B | $1.78B | $1.66B | $1.63B | $1.02B | $235.29M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $53K | $5.87M | $4.6M | $3.9M | $5.06M | $0 |
| Total Liabilities and Equity | $1.26B | $1.8B | $1.84B | $1.88B | $1.93B | $3.2B | $4.32B | $4.32B | $4.41B | $4.25B | $1.01B |
| Supplementary Data | |||||||||||
| Total Debt | $430.74M | $899.16M | $900.19M | $913.53M | $926.71M | $1.43B | $1.9B | $2.11B | $2.23B | $2.56B | $673.1M |
| Net Debt | $233.54M | $753.15M | $811.83M | $802.61M | $785.82M | $1.32B | $1.84B | $2.06B | $2.16B | $2.49B | $647.95M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Operating Activities | ||||||||||||
| Net Income | $6.29M | $45.5M | $71.15M | $69.8M | -$139.6M | -$281.7M | $80.3M | $59.6M | $58.6M | -$79.16M | $11.43M | $8.48M |
| Depreciation & Amortization | $78.6M | $70.55M | $84.6M | $79.16M | $79.74M | $76.93M | $74.78M | $185.23M | $177.14M | $128.29M | $39M | $45.41M |
| Deferred Income Tax | $32.21M | -$5.01M | -$17.07M | $1.65M | $4.5M | -$60.06M | $18.3M | $3.4M | -$140.2M | $835K | -$8.13M | $0 |
| Stock-Based Compensation | $9.75M | $11.13M | $16.03M | $20.63M | $31.84M | $17.19M | $18.2M | $19.5M | $8.8M | $5.43M | $2.26M | $535K |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | -$22.12M | $6.24M | -$6.09M | $5.5M | -$33.48M | $6.97M | $11.41M | -$10.5M | -$11.46M | $10.26M | $10.75M | -$11.99M |
| Inventory | -$5.57M | -$4.54M | -$1.4M | $9.9M | $600K | -$2.98M | -$18.9M | -$9M | -$21.2M | -$2.31M | -$1.74M | -$361K |
| Accounts Payable | $15.53M | $1.16M | $2.35M | -$10.13M | $10M | $6.87M | -$2.3M | -$100K | $4.3M | $11.88M | -$2.49M | $0 |
| Other Working Capital | -$2.38M | -$12.03M | -$15.62M | -$7.44M | $4.78M | $3.66M | $4.89M | -$2.3M | -$13.04M | -$6.79M | -$4.74M | $18.2M |
| Total Working Capital Change | -$14.54M | -$9.17M | -$20.76M | -$2.17M | -$18.1M | $14.52M | -$4.9M | -$21.9M | -$41.4M | $13.05M | $1.78M | $5.85M |
| Other Non-Cash Items | $28M | $36.89M | $3.65M | $17.53M | $171.52M | $456.72M | $81.02M | $2.77M | $53.16M | $51.28M | -$1.63M | -$4.75M |
| Net Cash from Operating | $140.31M | $149.89M | $137.6M | $186.61M | $129.9M | $223.6M | $267.7M | $248.6M | $116.1M | $119.72M | $44.72M | $55.54M |
| Investing Activities | ||||||||||||
| Capital Expenditures | -$70.41M | -$55.59M | -$65.33M | -$58.87M | -$60M | -$51.6M | -$127.6M | -$131.7M | -$140.5M | -$121.42M | -$40.99M | -$35.58M |
| Acquisitions | $526.95M | $0 | $0 | -$4.23M | $935.8M | $624.26M | $27.7M | -$6M | -$50.6M | -$1.78B | $3.96M | -$885.44M |
| Purchases of Investments | $0 | -$4.5M | $0 | $0 | $0 | -$25.36M | $8.5M | -$5M | -$9M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $1.8M | $38.1M | $4.9M | $9M | $0 | $0 | $0 |
| Other Investing Activities | -$21.13M | -$13.36M | $0 | $81K | -$40.1M | $2.38M | $18M | $13.5M | $8.4M | -$30.52M | -$1.7M | -$177K |
| Net Cash from Investing | $435.41M | -$73.45M | -$65.33M | -$63.02M | $835.7M | $551.47M | -$35.3M | -$119.3M | -$182.7M | -$1.93B | -$38.73M | -$921.2M |
| Financing Activities | ||||||||||||
| Debt Repaid | $477M | $11.82M | $11.85M | $11.69M | $518.54M | $450.79M | $215M | $125.96M | $407.33M | -$1.9B | $5M | -$697.5M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $507.5M | $0 | $1.54M | $0 |
| Common Stock Repurchases | -$46.95M | -$5.01M | -$78.72M | -$136.74M | -$1.47M | -$2.06M | -$3.56M | -$2.92M | $0 | -$2.54M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | -$435.59M | -$243.75M | -$80M | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$1.02M | -$1.01M | -$2.93M | $247K | $1.18M | -$26.22M | $78.49M | $71.68M | -$36.27M | -$16.79M | $0 | -$49.09M |
| Net Cash from Financing | -$524.96M | -$17.84M | -$93.5M | -$148.19M | -$964.2M | -$722.82M | -$216.1M | -$137.2M | $19.83M | $1.86B | -$3.46M | $888.29M |
| Forex Effect | $423K | -$948K | -$1.32M | -$5.37M | $2.3M | $11.05M | -$2.1M | $400K | -$6.9M | -$5.89M | $0 | $0 |
| Net Change in Cash | $51.18M | $57.65M | -$22.55M | -$29.97M | $3.7M | $63.3M | $14.2M | -$7.5M | -$4.5M | $45.59M | $2.53M | $22.63M |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | $140.31M | $149.89M | $137.6M | $186.61M | $129.9M | $223.6M | $267.7M | $248.6M | $116.1M | $119.72M | $44.72M | $55.54M |
| Capital Expenditure | -$70.41M | -$55.59M | -$65.33M | -$58.87M | -$60M | -$51.6M | -$127.6M | -$131.7M | -$140.5M | -$121.42M | -$40.99M | -$35.58M |
| Free Cash Flow | $69.89M | $94.3M | $72.26M | $127.74M | $69.9M | $172M | $140.1M | $116.9M | -$24.4M | -$1.7M | $3.72M | $19.95M |
| Cash at Beginning | $146.01M | $88.36M | $110.92M | $140.89M | $137.2M | $73.92M | $59.7M | $67.2M | $70.7M | $25.16M | $22.63M | $0 |
| Cash at End | $197.19M | $146.01M | $88.36M | $110.92M | $140.9M | $137.22M | $73.9M | $59.7M | $66.2M | $70.74M | $25.16M | $22.63M |