Ingevity Corp (NGVT)
Ingevity Corporation (NGVT) is a global provider specializing in the production and distribution of advanced chemical solutions and activated carbon products. The company's reach extends across North America, the Asia Pacific region, Europe, the Middle East, Africa, and South America. Its business operations are organized into two principal divisions: Performance Materials and Performance Chemicals. The Performance Materials segment focuses on the engineering, manufacturing, and sale of chemically activated carbon products, primarily derived from hardwood. These materials are chiefly utilized in gasoline vapor emission control systems for a wide range of vehicles, including cars, motorcycles, trucks, and boats. Beyond automotive applications, this division also supplies various activated carbon products for purification purposes in areas like food, water, beverages, and industrial chemicals. The Performance Chemicals segment covers pavement technologies, industrial specialty products, and engineered polymers. This division creates products sourced from crude tall oil and lignin, which are extracted during the kraft pulping process, as well as caprolactone monomers and their derivatives, synthesized from cyclohexanone and hydrogen peroxide. The extensive applications for these products include warm mix paving, pavement upkeep and refurbishment, and recycling; additives for oil well services, oil production, and downstream applications; alongside components for adhesives, agricultural dispersants, lubricants, printing inks, industrial intermediates, coatings, resins, elastomers, bioplastics, and medical devices. Ingevity Corporation was founded in 1964 and is headquartered in North Charleston, South Carolina.
Sector: Chemicals & Allied Products
Industry: Chemicals - Specialty
Ingevity Corporation
NYSE:NGVTBasic Materials · Chemicals - Specialty
PrePre-market+0.02%$60.13
Close$60.120.00%AH$60.12+0.02%Now$60.13
Close$60.12-5.63%AH$60.12+0.02%since
Mkt Cap$2.03B
Float34.19M
O/S33.78M
Inst Own-
SI4.0%
Dilution
Financials Summary
Revenue$1.17B
Net Income-$167.1M
Total Assets$1.65B
Free Cash Flow$273.5M
Debt & Equity
Debt 98%
Equity 2%
Total Debt$1.24B
Total Equity$29.7M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NGVT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.65B
Liabilities$1.62B
Accounts Receivable$157.8M
Accounts Payable$92M
Inventory$186M
PP&E (Net)$637.6M
Goodwill$4.3M
Intangible Assets$215.5M
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 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | 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 | 2013-12-31 | 2012-12-31 |
| Revenue | $1.17B | $1.41B | $1.69B | $1.67B | $1.39B | $1.22B | $1.29B | $1.13B | $972.4M | $908.3M | $968M | $1.04B | $980M | $939M |
| YoY Growth | -17.0% | -16.9% | 1.4% | 19.9% | 14.4% | -5.9% | 14.1% | 16.6% | 7.1% | -6.2% | -7.0% | 6.2% | 4.4% | - |
| Cost of Revenue | $706.1M | $951.7M | $1.22B | $1.1B | $878.7M | $750.6M | $810.9M | $716.8M | $643.4M | $633.9M | $687M | $718M | $685M | $642M |
| Gross Profit | $461.5M | $454.7M | $471.9M | $570.1M | $512.8M | $465.5M | $482M | $416.8M | $329M | $274.4M | $281M | $323M | $295M | $297M |
| Gross Margin | 39.5% | 32.3% | 27.9% | 34.2% | 36.9% | 38.3% | 37.3% | 36.8% | 33.8% | 30.2% | 29.0% | 31.0% | 30.1% | 31.6% |
| Research and Development | $28.4M | $28.1M | $31.8M | $30.3M | $26.3M | $22.6M | $19.7M | $21.5M | $19.8M | $7.6M | $6.9M | $8M | $11M | $9M |
| Selling, General, and Administrative | $171.2M | $166.7M | $183.7M | $198.8M | $179.3M | $149.4M | $163.1M | $132.4M | $106.4M | $114M | $114M | $112M | $103M | $95M |
| Other | $0 | $0 | $0 | $0 | $0 | $293.5M | $0 | -$1M | -$500K | $3.2M | $10M | $4M | $5M | -$1M |
| Total Operating Expenses | $199.6M | $194.8M | $215.5M | $229.1M | $205.6M | $465.5M | $182.8M | $153.9M | $126.2M | $114M | $114M | $112M | $103M | $95M |
| Operating Income (EBIT) | $261.9M | $259.9M | $256.4M | $341M | $307.2M | $0 | $327.9M | $262.9M | $202.8M | $160.4M | $167M | $211M | $192M | $202M |
| Operating Margin | 22.4% | 18.5% | 15.2% | 20.4% | 22.1% | - | 25.4% | 23.2% | 20.9% | 17.7% | 17.3% | 20.3% | 19.6% | 21.5% |
| Interest Expense | $77.1M | $97.8M | $93.3M | $61.8M | $51.7M | $47.1M | $55.8M | $33.2M | $18.1M | $19.3M | $20.1M | $16.4M | $13M | $12M |
| Interest Income | $4.4M | $6.9M | $6.3M | $5.8M | $4M | $4.9M | $8.9M | $3.4M | $2.3M | $1.4M | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$404M | -$795.5M | -$266.5M | -$71.4M | -$144.4M | $235.1M | -$71.3M | -$41.1M | -$28M | -$73.4M | -$28.8M | -$8.9M | -$8M | -$13M |
| Income Before Tax (EBT) | -$142.1M | -$535.6M | -$10.1M | $269.6M | $162.8M | $235.1M | $227.9M | $221.8M | $174.8M | $87M | $138M | $203M | $184M | $189M |
| Income Tax Expense | $8.2M | -$105.3M | -$4.7M | $58M | $44.7M | $53.7M | $44.2M | $40M | $29.8M | $42.6M | $53M | $70M | $66M | $67M |
| Net Income | -$167.1M | -$430.3M | -$5.4M | $211.6M | $118.1M | $181.4M | $183.7M | $169.1M | $126.3M | $35.2M | $80M | $129M | $119M | $119M |
| Net Income Margin | -14.3% | -30.6% | -0.3% | 12.7% | 8.5% | 14.9% | 14.2% | 14.9% | 13.0% | 3.9% | 8.3% | 12.4% | 12.1% | 12.7% |
| Supplementary Data | ||||||||||||||
| EPS | -4.61 | -11.85 | -0.15 | 5.50 | 2.97 | 4.39 | 4.39 | 4.03 | 3.00 | 0.83 | 1.89 | 3.07 | 2.83 | 2.83 |
| Diluted EPS | -4.61 | -11.85 | -0.15 | 5.50 | 2.95 | 4.37 | 4.35 | 3.97 | 2.97 | 0.83 | 1.89 | 3.07 | 2.83 | 2.83 |
| Weighted Average OS | 36.20M | 36.32M | 36.50M | 38.47M | 39.80M | 41.30M | 41.80M | 42.00M | 42.10M | 42.10M | 42.07M | 42.07M | 42.07M | 42.07M |
| EBITDA | $37.4M | -$329.5M | $206M | $440.2M | $324.4M | $382.4M | $412.9M | $319.8M | $243.1M | $199.2M | $199.9M | $252M | $230M | $233M |
| EBITDA Margin | 3.2% | -23.4% | 12.2% | 26.4% | 23.3% | 31.4% | 31.9% | 28.2% | 25.0% | 21.9% | 20.7% | 24.2% | 23.5% | 24.8% |
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 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | 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 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $78.1M | $68M | $95.9M | $76.7M | $275.4M | $257.7M | $56.5M | $77.5M | $87.9M | $30.5M | $32M | $20M | $12M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $78.1M | $68M | $95.9M | $76.7M | $275.4M | $257.7M | $56.5M | $77.5M | $87.9M | $30.5M | $32M | $20M | $12M |
| Accounts Receivable | $157.8M | $162.7M | $211M | $249.3M | $191.4M | $166.7M | $156.2M | $124M | $102.4M | $95.4M | $95.2M | $115M | $107M |
| Inventory | $186M | $195.9M | $308.8M | $335M | $241.2M | $189M | $212.5M | $191.4M | $160M | $151.2M | $151M | $130M | $103M |
| Other Current Assets | $23.6M | $58.8M | $33.4M | $12.5M | $7.1M | $6.8M | $34.6M | $26.6M | $16.9M | $21.4M | $17.5M | $11M | $6M |
| Total Current Assets | $454.2M | $493.2M | $658.6M | $683.3M | $724.9M | $628.7M | $463.2M | $422.7M | $369.3M | $295.2M | $299M | $271M | $228M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $637.6M | $687.6M | $829.3M | $855.2M | $772.1M | $752.7M | $664.7M | $523.8M | $438.5M | $422.7M | $438M | $410M | $326M |
| Goodwill | $4.3M | $175.2M | $527.5M | $518.5M | $442M | $445.3M | $439M | $130.7M | $12.4M | $12.4M | $12M | $13M | $13M |
| Intangible Assets | $215.5M | $323.9M | $385.3M | $455.8M | $378.7M | $397.3M | $396.2M | $125.6M | $23.4M | $18.1M | $21M | $13M | $16M |
| Long-Term Investments | $83.1M | $87.3M | $99.2M | $109.8M | $35.3M | $0 | $72.6M | $71.2M | $71.3M | $69.7M | $0 | $0 | $0 |
| Deferred Tax Assets | $117M | $117.9M | $11.6M | $5.7M | $6.8M | $8.1M | $5M | $2.9M | $3.4M | $3.4M | $0 | $0 | $0 |
| Other Long-Term Assets | $139.4M | $137.5M | $111.8M | $108.2M | $109.2M | $102.4M | $103.7M | $38.3M | $12M | $11.3M | $12M | $11M | $10M |
| Total Long-Term Assets | $1.2B | $1.53B | $1.96B | $2.05B | $1.74B | $1.71B | $1.68B | $892.5M | $561M | $537.6M | $483M | $447M | $365M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.65B | $2.02B | $2.62B | $2.74B | $2.47B | $2.33B | $2.14B | $1.32B | $930.3M | $832.8M | $782M | $718M | $593M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $92M | $94.5M | $158.4M | $174.8M | $125.8M | $104.2M | $99.1M | $92.9M | $83.1M | $79.2M | $64.8M | $105M | $72M |
| Short-Term Debt | $47.1M | $61.3M | $84.4M | $900K | $19.6M | $26M | $39.6M | $11.2M | $9.4M | $7.5M | $9.4M | $3M | $0 |
| Current Income Tax Payable | $0 | $5.6M | $16.7M | $8.9M | $14.4M | $11.5M | $16.8M | $3.5M | $3.2M | $6.8M | $1M | $1M | $1M |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | -$6.3M | $25.5M | $10.6M | $11.8M | $0 | -$3M | $0 |
| Other Current Liabilities | $14.7M | $500K | $15.1M | $6.9M | $1.1M | $1.1M | $16.2M | $37.2M | $21.5M | $24.6M | $14.8M | $1M | $1M |
| Total Current Liabilities | $341.3M | $264.1M | $362.9M | $303.5M | $268.9M | $223.4M | $215.5M | $183.3M | $154M | $136.9M | $97M | $139M | $106M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $1.06B | $1.24B | $1.38B | $1.47B | $1.25B | $1.27B | $1.15B | $741.2M | $444M | $481.3M | $80M | $86M | $86M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3M | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $57.3M | $56.2M | $70.9M | $106.5M | $114.6M | $117M | $103M | $37.2M | $41.3M | $69.8M | $76M | $67M | $63M |
| Other Long-Term Liabilities | $39M | $130.6M | $126.7M | $114.9M | $125.5M | $49.9M | $109.9M | -$59.1M | -$66.8M | -$69.8M | $1.5M | -$80M | $10M |
| Total Long-Term Liabilities | $1.28B | $1.56B | $1.63B | $1.73B | $1.53B | $1.47B | $1.4B | $792.3M | $498.6M | $561.3M | $163M | $159M | $159M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.62B | $1.83B | $1.99B | $2.04B | $1.8B | $1.69B | $1.61B | $975.6M | $652.6M | $698.2M | $260M | $298M | $265M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $600K | $13.5M | $7.6M | $0 | $0 | $0 |
| Common Stock | $400K | $400K | $400K | $400K | $400K | $400K | $400K | $400K | $400K | $400K | $530.1M | $424M | $326M |
| Retained Earnings | $404.9M | $572M | $1B | $1.01B | $796.1M | $678M | $497.2M | $313.5M | $142.8M | $16M | $0 | $0 | $0 |
| Comprehensive Income & Other | $500K | -$41.4M | -$26.7M | -$46.8M | $13.1M | $4.7M | -$5M | -$17.7M | -$11.7M | -$19M | -$17M | -$7M | -$421M |
| Other Stockholders' Equity | -$375.6M | -$377.2M | -$371.3M | -$309.8M | -$122.7M | -$36.3M | $33.2M | $25.7M | $134.5M | $118.2M | -$13.1M | -$7M | $0 |
| Total Equity | $29.7M | $195.2M | $631.4M | $698.3M | $673.8M | $642.1M | $530.8M | $339.6M | $277.7M | $134.6M | $517M | $417M | $326M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14M | $7.6M | $5M | $3M | $2M |
| Total Liabilities and Equity | $1.65B | $2.02B | $2.62B | $2.74B | $2.47B | $2.33B | $2.14B | $1.32B | $930.3M | $832.8M | $777M | $715M | $591M |
| Supplementary Data | |||||||||||||
| Total Debt | $1.24B | $1.45B | $1.53B | $1.53B | $1.32B | $1.34B | $1.23B | $741.2M | $444M | $481.3M | $89M | $89M | $86M |
| Net Debt | $1.16B | $1.39B | $1.44B | $1.45B | $1.05B | $1.09B | $1.17B | $663.7M | $356.1M | $450.8M | $57M | $69M | $74M |
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 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | 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 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$167.1M | -$430.3M | -$5.4M | $211.6M | $118.1M | $181.4M | $183.7M | $181.8M | $145.2M | $44.4M | $85M | $133M | $118M | $122M |
| Depreciation & Amortization | $106.4M | $108.3M | $122.8M | $108.8M | $109.9M | $100.2M | $85M | $57M | $40.4M | $38.8M | $35M | $33M | $33M | $32M |
| Deferred Income Tax | -$4.7M | -$121.4M | -$44.7M | -$5M | -$4.6M | $16.2M | $14.8M | $900K | -$25.7M | -$7.9M | $10M | $3M | $2M | $2M |
| Stock-Based Compensation | $18.3M | $11.9M | $10.6M | $16.1M | $12.3M | $8.4M | $12.3M | $12.5M | $10.1M | $4.7M | $2.3M | $1.4M | $1M | $1M |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $12.2M | $38.2M | $42.7M | -$42.1M | -$13.8M | $2.8M | -$15.3M | -$3M | -$9.5M | $5.7M | $9M | -$9M | -$11M | -$13M |
| Inventory | $40.2M | $86.2M | $25.8M | -$63.7M | -$55.8M | $22.3M | $500K | -$26.9M | -$6.6M | -$2.2M | -$25M | -$29M | -$20M | -$8M |
| Accounts Payable | -$2.6M | -$63.4M | -$14.6M | $42.7M | $14.8M | $9.4M | -$6.2M | $5.7M | $1.7M | -$1.5M | -$22M | $10M | $14M | $11M |
| Other Working Capital | -$27.1M | -$71M | -$121.7M | -$3.4M | $85.3M | -$22.7M | -$12.2M | $14.5M | $11.1M | $11.8M | -$23M | $5M | -$10M | -$20M |
| Total Working Capital Change | $22.7M | -$10M | -$67.8M | -$66.5M | $30.5M | $11.8M | -$33.2M | -$9.7M | -$3.3M | $13.8M | -$61M | -$23M | -$27M | -$30M |
| Other Non-Cash Items | $355.6M | $570.1M | $189.6M | $48.4M | $27.1M | $34.4M | $13.1M | $9.5M | $7.6M | $34.1M | $9M | -$4M | $10M | -$1M |
| Net Cash from Operating | $331.2M | $128.6M | $205.1M | $313.4M | $293.3M | $352.4M | $275.7M | $252M | $174.3M | $127.9M | $73M | $143M | $137M | $126M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$57.7M | -$77.6M | -$109.8M | -$142.5M | -$103.8M | -$23.8M | -$114.8M | -$93.9M | -$52.6M | -$56.7M | -$102M | -$101M | -$63M | -$40M |
| Acquisitions | $0 | $0 | $0 | -$344.5M | $0 | $0 | -$537.9M | -$315.5M | $0 | $0 | $11M | $0 | $0 | -$7M |
| Purchases of Investments | -$16.4M | -$300K | -$2.4M | -$77.4M | -$35.3M | $0 | -$2M | -$2M | -$3M | -$69.7M | $0 | $0 | $0 | $0 |
| Sales of Investments | $13M | $0 | $31.5M | $14.7M | $0 | $0 | $114.8M | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $3.6M | -$1.6M | $3.4M | -$2.2M | $500K | -$86.8M | -$118.4M | -$4.1M | -$3M | -$69.7M | $1M | -$1M | -$1M | -$7M |
| Net Cash from Investing | -$57.5M | -$79.5M | -$77.3M | -$551.9M | -$138.6M | -$110.6M | -$658.3M | -$414.4M | -$58.6M | -$126.4M | -$90M | -$102M | -$64M | -$47M |
| Financing Activities | ||||||||||||||
| Debt Repaid | $193.6M | $67.1M | $6.6M | -$199M | $24.1M | -$52.8M | -$252.5M | -$300M | $36.9M | -$411.9M | $5.8M | - | - | $6M |
| Common Stock Issuance | $1.4M | $0 | $4.7M | $0 | $4.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$56.3M | -$3.1M | -$92.1M | -$145.2M | -$109.4M | -$88M | -$6.4M | -$47.4M | -$6.6M | -$300K | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$3.7M | $0 | -$5.9M | -$5.7M | -$2.4M | -$10.6M | $4M | -$100.3M | -$11.8M | -$405.6M | $25.7M | -$34.5M | -$79M | -$71M |
| Net Cash from Financing | -$252.2M | -$70.2M | -$99.9M | $48.1M | -$133.1M | -$50.2M | $369.2M | $153.7M | -$57.8M | -$3.4M | $27M | -$31M | -$79M | -$77M |
| Forex Effect | $4.5M | -$4.2M | -$300K | -$6M | -$1.7M | $2.2M | $200K | -$1.4M | -$500K | $400K | $2M | -$2M | $2M | $2M |
| Net Change in Cash | $26M | -$25.3M | $27.6M | -$196.4M | $19.9M | $193.8M | -$13.2M | -$10.1M | $57.4M | -$1.5M | $12M | $8M | -$4M | $4M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $331.2M | $128.6M | $205.1M | $313.4M | $293.3M | $352.4M | $275.7M | $252M | $174.3M | $127.9M | $73M | $143M | $137M | $126M |
| Capital Expenditure | -$57.7M | -$77.6M | -$109.8M | -$142.5M | -$103.8M | -$105.9M | -$114.8M | -$93.9M | -$52.6M | -$56.7M | -$102M | -$101M | -$63M | -$40M |
| Free Cash Flow | $273.5M | $51M | $95.3M | $170.9M | $189.5M | $246.5M | $160.9M | $158.1M | $121.7M | $71.2M | -$29M | $42M | $74M | $86M |
| Cash at Beginning | $86.6M | $111.9M | $84.3M | $280.7M | $260.8M | $64.6M | $77.8M | $87.9M | $30.5M | $32M | $20M | $12M | $16M | $12M |
| Cash at End | $112.6M | $86.6M | $111.9M | $84.3M | $280.7M | $258.4M | $64.6M | $77.8M | $87.9M | $30.5M | $32M | $20M | $12M | $16M |