Ecovyst (ECVT) Financials

$8.02 +0.02 (+0.19%)

Closing price 03:59 PM Eastern

Extended Trading

$8.01 -0.01 (-0.12%)

As of 04:11 PM Eastern

Annual Income Statements for Ecovyst

This table shows Ecovyst's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	11	-80	58	58	80	-279	-140	74	71	-6.65
Consolidated Net Income / (Loss)	11	-79	59	60	80	-282	-140	74	71	-6.65
Net Income / (Loss) Continuing Operations	11	-79	59	50	31	54	1.79	70	71	-6.65
Total Pre-Tax Income	11	-69	-61	84	43	2.22	14	95	82	-5.02
Total Operating Income	56	82	166	156	66	52	55	104	97	98
Total Gross Profit	110	254	377	303	167	151	177	225	198	202
Total Revenue	389	1,064	1,472	1,229	533	496	611	820	691	704
Operating Revenue	389	1,064	1,472	1,229	533	496	611	820	691	704
Total Cost of Revenue	279	810	1,095	926	366	345	435	596	493	503
Operating Cost of Revenue	279	810	1,095	926	366	345	435	596	493	503
Total Operating Expenses	54	173	211	148	101	99	122	120	101	103
Selling, General & Admin Expense	54	173	211	148	101	99	122	120	101	103
Total Other Income / (Expense), net	-44	-151	-227	-72	-23	-49	-41	-9.65	-15	-103
Interest Expense	44	154	241	99	70	75	64	37	45	54
Interest & Investment Income	0.00	-2.61	39	38	46	21	28	28	31	-50
Other Income / (Expense), net	0.00	6.05	-24	-11	1.92	5.02	-4.51	-0.16	-0.61	0.76
Income Tax Expense	0.00	10	-119	34	12	-52	12	25	11	1.63
Net Income / (Loss) Discontinued Operations	-	-	-	9.24	49	-336	-141	3.90	0.00	0.00
Basic Earnings per Share	$0.51	($1.02)	$0.52	$0.44	$0.59	($2.06)	($1.03)	$0.55	$0.60	($0.06)
Weighted Average Basic Shares Outstanding	22.62M	78.02M	111.30M	133.38M	134.39M	135.53M	136.17M	133.60M	118.37M	116.72M
Diluted Earnings per Share	$0.51	($1.02)	$0.52	$0.43	$0.59	($2.04)	($1.02)	$0.55	$0.60	($0.06)
Weighted Average Diluted Shares Outstanding	22.62M	78.02M	111.67M	134.68M	135.55M	136.45M	137.71M	135.09M	119.49M	116.72M
Weighted Average Basic & Diluted Shares Outstanding	-	78.20M	110.80M	132.50M	136.79M	136.94M	138.21M	123.19M	116.98M	117.37M

This table shows Ecovyst's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	21	25	-1.47	26	17	30	1.22	8.30	14	-30	-3.60
Consolidated Net Income / (Loss)	21	25	-1.47	26	17	30	1.22	8.30	14	-30	-3.60
Net Income / (Loss) Continuing Operations	21	21	-1.47	26	17	30	1.22	8.30	14	-30	-3.60
Total Pre-Tax Income	30	24	-0.52	35	24	23	2.40	11	19	-38	-4.15
Total Operating Income	39	22	8.66	33	32	23	14	28	32	25	-0.91
Total Gross Profit	68	49	36	61	53	47	39	54	55	54	26
Total Revenue	233	183	161	184	173	173	161	183	179	182	162
Operating Revenue	233	183	161	184	173	173	161	183	179	182	162
Total Cost of Revenue	165	133	124	123	120	125	121	129	124	128	137
Operating Cost of Revenue	165	133	124	123	120	125	121	129	124	128	137
Total Operating Expenses	29	27	28	28	21	25	25	26	23	29	27
Selling, General & Admin Expense	29	27	28	28	21	25	25	26	23	29	27
Total Other Income / (Expense), net	-8.25	2.31	-9.18	1.60	-7.46	0.34	-12	-16	-13	-62	-3.24
Interest Expense	9.54	10	9.83	9.17	12	14	13	17	11	12	12
Interest & Investment Income	3.17	10	0.22	11	4.71	14	2.07	1.39	-0.92	-52	8.92
Other Income / (Expense), net	-1.87	2.34	0.43	-0.61	-0.36	-0.06	-0.22	-0.41	-0.57	1.95	-0.18
Income Tax Expense	8.97	2.96	0.95	8.79	7.89	-6.84	1.18	3.08	4.50	-7.13	-0.55
Basic Earnings per Share	$0.16	$0.19	($0.01)	$0.22	$0.14	$0.25	$0.01	$0.07	$0.12	($0.26)	($0.03)
Weighted Average Basic Shares Outstanding	132.62M	133.60M	122.18M	118.65M	116.45M	118.37M	116.96M	116.91M	116.49M	116.72M	117.26M
Diluted Earnings per Share	$0.16	$0.19	($0.01)	$0.22	$0.14	$0.25	$0.01	$0.07	$0.12	($0.26)	($0.03)
Weighted Average Diluted Shares Outstanding	134.10M	135.09M	122.18M	119.92M	117.37M	119.49M	117.45M	117.64M	117.19M	116.72M	117.26M
Weighted Average Basic & Diluted Shares Outstanding	130.25M	123.19M	120.16M	116.64M	116.12M	116.98M	117.01M	116.47M	116.51M	117.37M	117.40M

This table details how cash moves in and out of Ecovyst's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	2.53	60	-18	-7.87	14	63	3.67	-30	-23	58
Net Cash From Operating Activities	45	123	165	249	268	224	130	187	138	150
Net Cash From Continuing Operating Activities	45	123	165	213	133	140	137	180	138	150
Net Income / (Loss) Continuing Operations	11	-79	59	50	31	54	1.79	70	71	-6.65
Consolidated Net Income / (Loss)	11	-79	59	60	80	-282	-140	74	71	-6.65
Net Income / (Loss) Discontinued Operations	-	-	-	9.24	49	-336	-141	3.90	0.00	0.00
Depreciation Expense	29	89	125	111	61	65	66	65	71	75
Amortization Expense	13	46	61	47	16	14	16	16	16	16
Non-Cash Adjustments To Reconcile Net Income	9.07	63	111	20	18	59	71	32	17	109
Changes in Operating Assets and Liabilities, net	-18	3.90	-190	-16	6.35	-52	-17	-3.17	-37	-43
Net Cash From Discontinued Operating Activities	-	-	-	36	135	83	-7.42	6.31	0.00	0.00
Net Cash From Investing Activities	-39	-1,916	-196	-119	-35	551	836	-63	-65	-73
Net Cash From Continuing Investing Activities	-39	-1,916	-196	-99	-55	572	876	-63	-65	-73
Purchase of Property, Plant & Equipment	-41	-121	-140	-112	-55	-55	-60	-59	-65	-69
Acquisitions	0.00	-1,778	-51	-5.00	0.00	0.00	-43	-4.23	0.00	-4.50
Other Investing Activities, net	-1.70	-1.00	1.29	0.83	0.47	0.00	-0.01	0.08	0.00	0.00
Net Cash From Financing Activities	-3.46	1,858	20	-137	-216	-723	-964	-148	-93	-18
Net Cash From Continuing Financing Activities	-3.46	1,858	20	-135	-215	-720	-963	-148	-93	-18
Repayment of Debt	-17	-670	-1,127	-1,519	-391	-1,239	-1,438	-8.42	-23	-879
Repurchase of Common Equity	0.00	-2.54	-27	-2.92	0.00	-2.06	0.00	-137	-79	-5.01
Issuance of Debt	12	2,527	666	1,386	176	767	898	0.00	15	871
Other Financing Activities, net	0.00	-1.55	0.00	0.13	0.41	-2.17	13	-3.02	-6.22	-4.18
Other Net Changes in Cash	-	-5.89	-6.86	-	-2.12	11	2.25	-5.37	-1.32	-0.95

This table details how cash moves in and out of Ecovyst's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-30	-11	-49	-32	9.09	50	15	-20	40	23	-19
Net Cash From Operating Activities	56	77	4.11	37	32	64	37	9.96	60	43	10
Net Cash From Continuing Operating Activities	56	71	4.11	37	32	64	37	9.96	60	43	10
Net Income / (Loss) Continuing Operations	21	21	-1.47	26	17	30	1.22	8.30	14	-30	-3.60
Consolidated Net Income / (Loss)	21	25	-1.47	26	17	30	1.22	8.30	14	-30	-3.60
Depreciation Expense	16	17	17	17	18	19	18	18	20	19	20
Amortization Expense	4.01	4.01	4.01	4.03	4.04	4.04	4.04	4.04	3.79	3.86	3.86
Non-Cash Adjustments To Reconcile Net Income	3.07	-0.87	4.59	4.56	0.38	7.43	30	7.48	4.47	66	4.43
Changes in Operating Assets and Liabilities, net	12	30	-20	-15	-6.50	4.16	-18	-28	18	-15	-14
Net Cash From Investing Activities	-14	-19	-19	-21	-14	-12	-17	-19	-19	-17	-24
Net Cash From Continuing Investing Activities	-14	-19	-19	-21	-14	-12	-17	-19	-19	-17	-24
Purchase of Property, Plant & Equipment	-14	-19	-19	-21	-14	-12	-17	-19	-15	-17	-24
Net Cash From Financing Activities	-71	-66	-34	-46	-11	-3.03	-4.18	-10	-0.76	-2.73	-4.45
Net Cash From Continuing Financing Activities	-71	-66	-34	-46	-11	-3.03	-4.18	-10	-0.76	-2.73	-4.45
Repayment of Debt	-2.21	-1.76	-2.15	-17	-2.09	-2.27	-2.23	-875	0.11	-2.13	-873
Issuance of Debt	-	-	-	-	-	-	0.00	-	-	-	871
Other Financing Activities, net	-1.85	-0.84	-1.57	-0.73	-3.16	-0.76	-1.95	-0.74	-0.88	-0.60	-2.25
Effect of Exchange Rate Changes	-	-	-	-	1.83	-	-0.18	-0.13	0.36	-	-0.09

This table presents Ecovyst's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	4,260	4,415	4,327	4,322	3,198	1,931	1,885	1,838	1,802
Total Current Assets	493	549	559	569	429	292	268	246	304
Cash & Equivalents	71	66	58	54	113	141	111	88	146
Accounts Receivable	161	193	197	140	46	81	75	81	78
Inventories, net	227	262	265	138	53	54	44	45	57
Prepaid Expenses	34	27	39	32	11	16	19	18	16
Other Current Assets	-	-	-	-	-	0.00	19	13	6.53
Plant, Property, & Equipment, net	1,181	1,230	1,209	1,011	592	596	585	577	569
Total Noncurrent Assets	2,586	2,636	2,560	2,741	2,178	1,043	1,032	1,015	929
Long-Term Investments	459	469	468	473	458	446	436	440	349
Goodwill	1,241	1,306	1,255	974	392	406	403	404	404
Intangible Assets	817	786	728	555	137	146	130	117	98
Other Noncurrent Operating Assets	68	75	108	76	41	45	63	54	78
Total Liabilities & Shareholders' Equity	4,260	4,415	4,327	4,322	3,198	1,931	1,885	1,838	1,802
Total Liabilities	3,232	2,784	2,663	2,536	1,921	1,190	1,177	1,132	1,102
Total Current Liabilities	242	288	256	270	202	145	129	119	115
Short-Term Debt	14	45	7.24	0.00	0.00	9.00	9.00	9.00	8.73
Accounts Payable	128	149	148	115	38	52	40	40	44
Accrued Expenses	99	94	100	85	48	76	72	62	53
Other Current Liabilities	-	-	0.00	12	6.72	8.31	8.16	8.19	9.27
Total Noncurrent Liabilities	2,989	2,495	2,408	2,266	1,719	1,045	1,048	1,013	987
Long-Term Debt	2,548	2,185	2,107	1,843	1,400	873	866	859	852
Noncurrent Deferred & Payable Income Tax Liabilities	318	189	196	209	126	127	136	116	105
Other Noncurrent Operating Liabilities	123	120	105	126	37	46	46	38	29
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,028	1,632	1,664	1,785	1,277	741	707	705	700
Total Preferred & Common Equity	1,023	1,628	1,660	1,779	1,277	741	707	705	700
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,023	1,628	1,660	1,779	1,277	741	707	705	700
Common Stock	1,167	1,656	1,676	1,698	1,479	1,075	1,093	1,104	1,108
Retained Earnings	-90	-33	26	103	-176	-316	-242	-171	-178
Accumulated Other Comprehensive Income / (Loss)	-54	4.31	-39	-15	-15	-5.79	5.99	-0.96	-7.41
Other Equity Adjustments	-	-	-	-	-	-	-	-	-223

This table presents Ecovyst's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	1,968	1,932	1,830	1,814	1,813	1,831	1,820	1,840	1,787
Total Current Assets	357	324	221	197	204	269	264	284	292
Cash & Equivalents	151	121	62	29	38	103	83	123	127
Accounts Receivable	113	107	67	78	84	78	85	74	77
Inventories, net	56	50	46	48	48	53	52	54	59
Prepaid Expenses	36	46	31	25	18	21	31	26	24
Other Current Assets	-	-	16	17	16	13	12	6.19	5.11
Plant, Property, & Equipment, net	584	581	584	587	581	572	574	572	571
Total Noncurrent Assets	1,028	1,026	1,025	1,030	1,028	990	982	985	924
Long-Term Investments	426	427	437	438	442	413	409	410	351
Goodwill	403	401	404	404	403	404	404	406	405
Intangible Assets	137	132	127	123	120	113	109	107	95
Other Noncurrent Operating Assets	61	66	57	64	63	60	60	62	73
Total Liabilities & Shareholders' Equity	1,968	1,932	1,830	1,814	1,813	1,831	1,820	1,840	1,787
Total Liabilities	1,190	1,192	1,156	1,146	1,135	1,119	1,103	1,111	1,088
Total Current Liabilities	134	135	109	103	100	108	97	112	104
Short-Term Debt	9.00	9.00	9.00	9.00	9.00	9.00	6.55	8.73	8.73
Accounts Payable	58	52	34	35	32	34	34	33	35
Accrued Expenses	59	65	58	50	51	57	49	62	52
Other Current Liabilities	8.37	8.58	8.07	9.10	8.50	8.21	7.74	7.98	8.75
Total Noncurrent Liabilities	1,055	1,058	1,047	1,043	1,035	1,012	1,006	999	984
Long-Term Debt	869	868	864	862	861	857	856	854	850
Noncurrent Deferred & Payable Income Tax Liabilities	144	148	137	137	135	117	115	109	105
Other Noncurrent Operating Liabilities	42	42	46	44	39	37	35	36	29
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	778	740	674	668	678	711	717	729	699
Total Preferred & Common Equity	778	740	674	668	678	711	717	729	699
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	778	740	674	668	678	711	717	729	699
Common Stock	1,086	1,090	1,098	1,103	1,101	1,098	1,102	1,105	1,102
Retained Earnings	-289	-267	-243	-217	-201	-170	-161	-147	-181
Accumulated Other Comprehensive Income / (Loss)	2.31	3.28	0.23	6.93	4.73	1.22	-0.01	-5.26	-7.18
Other Equity Adjustments	-	-	-	-	-	-219	-224	-223	-215

This table displays calculated financial ratios and metrics derived from Ecovyst's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	173.66%	38.33%	-16.52%	-56.65%	-6.91%	23.25%	34.19%	-15.73%	1.94%
EBITDA Growth	0.00%	127.54%	46.99%	-7.41%	-52.01%	-6.49%	-3.15%	40.74%	-1.46%	3.92%
EBIT Growth	0.00%	57.05%	61.57%	2.43%	-53.17%	-16.64%	-11.47%	108.05%	-7.85%	2.92%
NOPAT Growth	0.00%	2.33%	103.45%	-19.67%	-49.31%	2,572.66%	-99.44%	994.40%	9.13%	-18.19%
Net Income Growth	0.00%	-792.73%	173.98%	1.81%	34.70%	-450.77%	50.44%	152.79%	-3.45%	-109.35%
EPS Growth	0.00%	-300.00%	150.98%	-17.31%	37.21%	-445.76%	50.00%	153.92%	9.09%	-110.00%
Operating Cash Flow Growth	0.00%	174.42%	34.61%	50.54%	7.69%	-16.49%	-41.90%	43.63%	-26.26%	8.93%
Free Cash Flow Firm Growth	0.00%	0.00%	94.98%	211.51%	448.34%	184.70%	-100.50%	686.67%	-4.01%	-35.96%
Invested Capital Growth	0.00%	0.00%	8.72%	-2.25%	-26.90%	-57.29%	1.99%	-0.04%	0.94%	2.02%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-22.52%	-56.17%	259.93%	8.17%	1.55%	-1.42%	1.32%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-8.33%	-57.37%	370.15%	-0.08%	4.81%	0.08%	2.30%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	6.10%	-63.78%	221.03%	1.57%	8.08%	-1.69%	4.23%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-12.83%	-58.43%	3,653.80%	-78.92%	16.24%	16.30%	-25.99%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-38.35%	-10.22%	-741.74%	70.38%	-0.25%	7.04%	-112.39%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-47.56%	-9.23%	-737.50%	70.26%	0.00%	11.11%	-113.33%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	15.33%	12.33%	1.22%	-5.45%	-17.70%	20.88%	-8.69%	-12.13%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	310.77%	3,163.53%	-100.63%	166.44%	2.06%	-53.41%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-1.65%	-25.62%	-67.03%	0.46%	-3.08%	-2.12%	0.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.31%	23.88%	25.60%	24.69%	31.39%	30.44%	28.90%	27.39%	28.64%	28.61%
EBITDA Margin	25.17%	20.93%	22.24%	24.67%	27.30%	27.43%	21.55%	22.61%	26.44%	26.95%
Operating Margin	14.34%	7.66%	11.27%	12.66%	12.38%	10.40%	8.93%	12.73%	13.98%	13.92%
EBIT Margin	14.34%	8.23%	9.61%	11.80%	12.74%	11.41%	8.20%	12.71%	13.90%	14.03%
Profit (Net Income) Margin	2.94%	-7.44%	3.98%	4.85%	15.07%	-56.80%	-22.84%	8.99%	10.30%	-0.94%
Tax Burden Percent	100.00%	114.53%	-96.58%	70.96%	184.97%	-12,718.01%	-1,001.48%	77.79%	86.84%	132.46%
Interest Burden Percent	20.49%	-78.91%	-42.84%	57.96%	63.96%	3.91%	27.83%	90.89%	85.31%	-5.08%
Effective Tax Rate	0.00%	0.00%	0.00%	40.04%	28.33%	-2,350.56%	87.13%	26.33%	13.16%	0.00%
Return on Invested Capital (ROIC)	0.00%	3.73%	3.64%	2.84%	1.68%	74.50%	0.69%	7.43%	8.07%	6.51%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-9.68%	0.55%	0.79%	4.71%	-861.92%	-885.43%	6.40%	4.24%	-14.86%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-19.13%	0.77%	0.78%	2.98%	-92.89%	-14.52%	2.75%	2.00%	-7.45%
Return on Equity (ROE)	0.00%	-15.40%	4.40%	3.62%	4.66%	-18.40%	-13.84%	10.18%	10.07%	-0.95%
Cash Return on Invested Capital (CROIC)	0.00%	-196.27%	-4.72%	5.11%	32.76%	154.77%	-1.29%	7.47%	7.14%	4.50%
Operating Return on Assets (OROA)	0.00%	2.06%	3.26%	3.32%	1.57%	1.51%	1.95%	5.46%	5.16%	5.43%
Return on Assets (ROA)	0.00%	-1.86%	1.35%	1.36%	1.86%	-7.49%	-5.44%	3.86%	3.82%	-0.37%
Return on Common Equity (ROCE)	0.00%	-15.33%	4.39%	3.61%	4.64%	-18.36%	-13.84%	10.18%	10.07%	-0.95%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-7.74%	3.60%	3.59%	4.51%	-22.06%	-18.85%	10.42%	10.09%	-0.95%
Net Operating Profit after Tax (NOPAT)	56	57	116	93	47	1,264	7.03	77	84	69
NOPAT Margin	14.34%	5.36%	7.89%	7.59%	8.87%	254.81%	1.15%	9.38%	12.14%	9.75%
Net Nonoperating Expense Percent (NNEP)	0.00%	13.41%	3.09%	2.05%	-3.03%	936.42%	886.11%	1.03%	3.83%	21.37%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.86%	5.33%	4.40%
Cost of Revenue to Revenue	71.69%	76.12%	74.40%	75.31%	68.61%	69.56%	71.10%	72.61%	71.36%	71.39%
SG&A Expenses to Revenue	13.97%	16.21%	14.33%	12.03%	19.00%	20.04%	19.97%	14.66%	14.66%	14.68%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.97%	16.21%	14.33%	12.03%	19.00%	20.04%	19.97%	14.66%	14.66%	14.68%
Earnings before Interest and Taxes (EBIT)	56	88	142	145	68	57	50	104	96	99
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	98	223	327	303	145	136	132	185	183	190
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.97	0.86	0.94	1.23	1.89	1.63	1.61	1.27
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	6.65	2.11	7.43	6.63	6.15	4.50
Price to Revenue (P/Rev)	0.00	0.00	1.07	1.16	3.13	3.18	2.30	1.41	1.64	1.26
Price to Earnings (P/E)	0.00	0.00	27.44	24.47	20.95	0.00	0.00	15.66	15.94	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	15.58%	48.83%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	3.64%	4.09%	4.77%	0.00%	0.00%	6.39%	6.27%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.99	0.93	1.26	2.37	1.64	1.43	1.41	1.18
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.23	2.46	5.61	4.85	2.78	1.81	2.13	1.78
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	10.02	9.96	20.54	17.68	12.89	7.99	8.07	6.61
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	23.17	20.83	44.02	42.49	33.90	14.22	15.35	12.70
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	28.24	32.37	63.20	1.90	241.69	19.27	17.56	18.29
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	19.86	12.14	11.16	10.75	13.07	7.94	10.71	8.38
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	17.95	3.24	0.92	0.00	19.16	19.85	26.41
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	2.49	1.37	1.27	1.03	1.10	1.19	1.24	1.23	1.23
Long-Term Debt to Equity	0.00	2.48	1.34	1.27	1.03	1.10	1.18	1.22	1.22	1.22
Financial Leverage	0.00	1.98	1.40	1.00	0.63	0.11	0.02	0.43	0.47	0.50
Leverage Ratio	0.00	4.14	3.26	2.65	2.51	2.46	2.54	2.64	2.63	2.59
Compound Leverage Factor	0.00	-3.27	-1.40	1.54	1.60	0.10	0.71	2.40	2.25	-0.13
Debt to Total Capital	0.00%	71.37%	57.75%	55.95%	50.80%	52.30%	54.35%	55.30%	55.16%	55.14%
Short-Term Debt to Total Capital	0.00%	0.40%	1.17%	0.19%	0.00%	0.00%	0.55%	0.57%	0.57%	0.56%
Long-Term Debt to Total Capital	0.00%	70.96%	56.58%	55.76%	50.80%	52.30%	53.79%	54.73%	54.59%	54.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.14%	0.10%	0.12%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	28.49%	42.15%	43.93%	49.04%	47.70%	45.65%	44.70%	44.84%	44.86%
Debt to EBITDA	0.00	11.50	6.81	6.97	12.67	10.29	6.69	4.72	4.75	4.53
Net Debt to EBITDA	0.00	9.12	5.18	5.24	9.05	6.09	2.24	1.77	1.86	1.93
Long-Term Debt to EBITDA	0.00	11.44	6.67	6.95	12.67	10.29	6.63	4.67	4.70	4.49
Debt to NOPAT	0.00	44.89	19.21	22.66	38.98	1.11	125.49	11.38	10.34	12.54
Net Debt to NOPAT	0.00	35.60	14.60	17.02	27.85	0.66	41.96	4.26	4.04	5.32
Long-Term Debt to NOPAT	0.00	44.64	18.82	22.59	38.98	1.11	124.21	11.26	10.23	12.41
Altman Z-Score	0.00	0.00	0.84	0.81	0.69	0.71	0.97	1.11	1.10	1.04
Noncontrolling Interest Sharing Ratio	0.00%	0.49%	0.34%	0.26%	0.30%	0.19%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	2.03	1.90	2.19	2.11	2.12	2.01	2.07	2.07	2.64
Quick Ratio	0.00	0.95	0.90	1.00	0.72	0.79	1.53	1.43	1.42	1.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-3,003	-151	168	922	2,625	-13	77	74	48
Operating Cash Flow to CapEx	109.08%	101.06%	117.58%	250.11%	484.62%	426.21%	216.37%	316.98%	210.60%	217.38%
Free Cash Flow to Firm to Interest Expense	0.00	-19.49	-0.63	1.71	13.12	34.80	-0.21	2.08	1.66	0.88
Operating Cash Flow to Interest Expense	1.01	0.80	0.69	2.52	3.81	2.96	2.03	5.01	3.08	2.78
Operating Cash Flow Less CapEx to Interest Expense	0.08	0.01	0.10	1.51	3.02	2.27	1.09	3.43	1.62	1.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.25	0.34	0.28	0.12	0.13	0.24	0.43	0.37	0.39
Accounts Receivable Turnover	0.00	6.63	8.32	6.30	3.16	5.33	9.64	10.54	8.86	8.85
Inventory Turnover	0.00	3.57	4.48	3.51	1.82	3.62	8.15	12.13	11.02	9.84
Fixed Asset Turnover	0.00	0.90	1.22	1.01	0.48	0.62	1.03	1.39	1.19	1.23
Accounts Payable Turnover	0.00	6.31	7.89	6.22	2.78	4.51	9.66	12.96	12.30	11.96
Days Sales Outstanding (DSO)	0.00	55.08	43.89	57.95	115.38	68.44	37.85	34.61	41.21	41.25
Days Inventory Outstanding (DIO)	0.00	102.30	81.55	103.94	200.89	100.73	44.77	30.09	33.11	37.10
Days Payable Outstanding (DPO)	0.00	57.89	46.29	58.70	131.49	81.01	37.79	28.16	29.68	30.52
Cash Conversion Cycle (CCC)	0.00	99.49	79.15	103.19	184.78	88.17	44.82	36.54	44.64	47.83
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	3,060	3,327	3,252	2,377	1,015	1,036	1,035	1,045	1,066
Invested Capital Turnover	0.00	0.70	0.46	0.37	0.19	0.29	0.60	0.79	0.66	0.67
Increase / (Decrease) in Invested Capital	0.00	3,060	267	-75	-875	-1,362	20	-0.45	9.68	21
Enterprise Value (EV)	0.00	0.00	3,280	3,019	2,988	2,404	1,698	1,482	1,474	1,256
Market Capitalization	0.00	0.00	1,581	1,427	1,666	1,575	1,403	1,154	1,134	890
Book Value per Share	$0.00	$13.11	$12.04	$12.24	$13.04	$9.37	$5.40	$5.43	$6.08	$6.01
Tangible Book Value per Share	$0.00	($13.27)	($3.43)	($2.39)	$1.84	$5.49	$1.38	$1.34	$1.59	$1.70
Total Capital	0.00	3,590	3,862	3,778	3,629	2,678	1,623	1,582	1,573	1,561
Total Debt	0.00	2,562	2,230	2,114	1,843	1,400	882	875	868	861
Total Long-Term Debt	0.00	2,548	2,185	2,107	1,843	1,400	873	866	859	852
Net Debt	0.00	2,032	1,695	1,588	1,317	829	295	328	339	366
Capital Expenditures (CapEx)	41	121	140	99	55	52	60	59	65	69
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	194	240	252	245	113	15	36	48	51
Debt-free Net Working Capital (DFNWC)	0.00	265	306	310	299	227	156	147	136	197
Net Working Capital (NWC)	0.00	250	261	303	299	227	147	138	127	189
Net Nonoperating Expense (NNE)	44	136	58	34	-33	1,545	147	3.21	13	75
Net Nonoperating Obligations (NNO)	0.00	2,032	1,695	1,588	592	-262	295	328	339	366
Total Depreciation and Amortization (D&A)	42	135	186	158	78	79	82	81	87	91
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	18.23%	16.27%	20.54%	46.04%	22.87%	2.40%	4.44%	6.88%	7.28%
Debt-free Net Working Capital to Revenue	0.00%	24.88%	20.77%	25.25%	56.15%	45.73%	25.46%	17.96%	19.66%	28.01%
Net Working Capital to Revenue	0.00%	23.52%	17.70%	24.66%	56.15%	45.73%	23.98%	16.86%	18.36%	26.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.51	($1.02)	$0.52	$0.44	$0.59	($2.06)	($1.03)	$0.00	$0.60	($0.06)
Adjusted Weighted Average Basic Shares Outstanding	22.62M	78.02M	111.30M	133.38M	134.39M	135.53M	136.17M	0.00	118.37M	116.72M
Adjusted Diluted Earnings per Share	$0.51	($1.02)	$0.52	$0.43	$0.59	($2.06)	($1.02)	$0.00	$0.60	($0.06)
Adjusted Weighted Average Diluted Shares Outstanding	22.62M	78.02M	111.67M	134.68M	135.55M	135.53M	137.71M	0.00	119.49M	116.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	78.20M	135.24M	135.71M	136.79M	136.94M	138.21M	0.00	116.98M	117.37M
Normalized Net Operating Profit after Tax (NOPAT)	39	57	116	93	47	36	38	77	84	69
Normalized NOPAT Margin	10.04%	5.36%	7.89%	7.59%	8.87%	7.28%	6.25%	9.38%	12.14%	9.75%
Pre Tax Income Margin	2.94%	-6.49%	-4.12%	6.84%	8.15%	0.45%	2.28%	11.55%	11.86%	-0.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.26	0.57	0.59	1.47	0.97	0.75	0.78	2.80	2.15	1.83
NOPAT to Interest Expense	1.26	0.37	0.48	0.95	0.67	16.75	0.11	2.07	1.88	1.27
EBIT Less CapEx to Interest Expense	0.33	-0.22	0.00	0.46	0.18	0.05	-0.16	1.22	0.69	0.55
NOPAT Less CapEx to Interest Expense	0.33	-0.42	-0.10	-0.06	-0.11	16.06	-0.83	0.48	0.42	-0.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-1.31%	0.00%	0.00%	0.00%	-86.53%	-311.99%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-4.52%	45.77%	4.90%	0.00%	-87.26%	-311.99%	185.54%	110.63%	-75.32%

This table displays calculated financial ratios and metrics derived from Ecovyst's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	38.89%	7.37%	-10.48%	-18.24%	-25.46%	-5.44%	-0.21%	-0.70%	3.37%	5.30%	1.03%
EBITDA Growth	29.07%	23.19%	-18.02%	15.08%	-5.98%	0.31%	21.50%	-8.49%	2.04%	9.39%	-38.19%
EBIT Growth	61.43%	47.08%	-44.25%	21.46%	-13.90%	-6.79%	51.21%	-16.10%	-1.88%	17.69%	-107.97%
NOPAT Growth	87.25%	105.64%	-36.34%	25.42%	-20.27%	52.59%	17.13%	-18.53%	10.84%	-41.25%	-108.99%
Net Income Growth	129.96%	-0.72%	-118.68%	35.73%	-22.28%	18.52%	183.00%	-68.25%	-14.02%	-201.64%	-394.59%
EPS Growth	130.77%	0.00%	-116.67%	57.14%	-12.50%	31.58%	200.00%	-68.18%	-14.29%	-204.00%	-400.00%
Operating Cash Flow Growth	58.77%	71.54%	-35.95%	-20.26%	-42.86%	-16.94%	787.29%	-73.11%	85.75%	-32.24%	-71.90%
Free Cash Flow Firm Growth	-100.48%	282.84%	8,608.97%	38.11%	322.11%	0.18%	-115.17%	-85.52%	49.67%	-119.16%	-235.34%
Invested Capital Growth	3.60%	-0.04%	-2.91%	-0.69%	-0.05%	0.94%	1.22%	1.46%	-0.87%	2.02%	1.74%
Revenue Q/Q Growth	3.27%	-21.41%	-11.97%	14.44%	-5.86%	-0.30%	-7.10%	13.88%	-1.99%	1.55%	-10.86%
EBITDA Q/Q Growth	20.57%	-20.36%	-34.12%	81.90%	-1.49%	-15.03%	-20.20%	37.01%	9.84%	-8.91%	-54.91%
EBIT Q/Q Growth	36.17%	-33.61%	-62.68%	259.97%	-3.47%	-28.13%	-39.46%	99.74%	12.89%	-13.80%	-104.10%
NOPAT Q/Q Growth	36.50%	-28.77%	-68.64%	311.31%	-13.23%	36.33%	-75.93%	186.08%	18.06%	-27.73%	-103.68%
Net Income Q/Q Growth	10.81%	18.42%	-105.83%	1,875.80%	-36.55%	80.58%	-95.92%	579.36%	71.80%	-313.45%	88.18%
EPS Q/Q Growth	14.29%	18.75%	-105.26%	2,300.00%	-36.36%	78.57%	-96.00%	600.00%	71.43%	-316.67%	88.46%
Operating Cash Flow Q/Q Growth	21.62%	36.85%	-94.68%	800.00%	-12.86%	98.94%	-43.13%	-72.72%	501.94%	-27.43%	-76.42%
Free Cash Flow Firm Q/Q Growth	-142.72%	297.71%	89.49%	-13.71%	-31.30%	-10.82%	-128.69%	182.39%	610.13%	-111.41%	-402.17%
Invested Capital Q/Q Growth	-1.01%	-3.08%	1.29%	2.20%	-0.38%	-2.12%	1.57%	2.44%	-2.67%	0.74%	1.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.10%	27.01%	22.68%	33.12%	30.68%	27.38%	24.43%	29.35%	30.53%	29.64%	15.79%
EBITDA Margin	24.42%	24.74%	18.52%	29.43%	30.80%	26.25%	22.55%	27.12%	30.40%	27.27%	13.79%
Operating Margin	16.57%	12.04%	5.38%	18.09%	18.42%	13.16%	8.69%	15.23%	17.60%	13.60%	-0.56%
EBIT Margin	15.77%	13.32%	5.65%	17.76%	18.21%	13.13%	8.56%	15.01%	17.29%	14.67%	-0.68%
Profit (Net Income) Margin	9.17%	13.82%	-0.91%	14.19%	9.56%	17.32%	0.76%	4.54%	7.95%	-16.72%	-2.22%
Tax Burden Percent	70.40%	103.89%	280.73%	74.83%	67.75%	129.62%	50.88%	72.92%	76.01%	81.02%	86.70%
Interest Burden Percent	82.62%	99.86%	-5.77%	106.75%	77.50%	101.76%	17.47%	41.46%	60.53%	-140.61%	378.90%
Effective Tax Rate	29.60%	12.17%	0.00%	25.17%	32.25%	-29.62%	49.13%	27.08%	23.99%	0.00%	0.00%
Return on Invested Capital (ROIC)	8.98%	8.38%	2.84%	9.57%	8.19%	11.34%	2.90%	7.10%	8.75%	6.36%	-0.26%
ROIC Less NNEP Spread (ROIC-NNEP)	7.20%	10.28%	0.65%	9.91%	6.79%	11.47%	1.27%	3.99%	6.05%	-7.19%	-1.07%
Return on Net Nonoperating Assets (RNNOA)	3.24%	4.42%	0.31%	4.83%	3.44%	5.42%	0.67%	2.23%	3.09%	-3.61%	-0.55%
Return on Equity (ROE)	12.22%	12.80%	3.15%	14.40%	11.63%	16.76%	3.56%	9.32%	11.84%	2.75%	-0.81%
Cash Return on Invested Capital (CROIC)	2.77%	7.47%	9.76%	7.90%	6.81%	7.14%	7.20%	6.72%	9.60%	4.50%	3.72%
Operating Return on Assets (OROA)	6.64%	5.73%	2.40%	7.14%	6.82%	4.88%	3.23%	5.70%	6.58%	5.68%	-0.26%
Return on Assets (ROA)	3.86%	5.94%	-0.39%	5.70%	3.58%	6.43%	0.29%	1.72%	3.03%	-6.47%	-0.87%
Return on Common Equity (ROCE)	12.22%	12.80%	3.15%	14.40%	11.63%	16.76%	3.56%	9.32%	11.84%	2.75%	-0.81%
Return on Equity Simple (ROE_SIMPLE)	9.99%	0.00%	9.55%	10.67%	9.81%	0.00%	10.38%	7.81%	7.36%	0.00%	-1.64%
Net Operating Profit after Tax (NOPAT)	27	19	6.06	25	22	29	7.10	20	24	17	-0.64
NOPAT Margin	11.67%	10.58%	3.77%	13.54%	12.48%	17.06%	4.42%	11.11%	13.38%	9.52%	-0.39%
Net Nonoperating Expense Percent (NNEP)	1.78%	-1.90%	2.19%	-0.34%	1.41%	-0.13%	1.62%	3.11%	2.71%	13.55%	0.81%
Return On Investment Capital (ROIC_SIMPLE)	-	1.22%	-	-	-	1.87%	-	-	-	1.11%	-0.04%
Cost of Revenue to Revenue	70.90%	72.99%	77.32%	66.88%	69.32%	72.62%	75.57%	70.65%	69.47%	70.36%	84.21%
SG&A Expenses to Revenue	12.53%	14.97%	17.30%	15.02%	12.26%	14.22%	15.74%	14.12%	12.93%	16.04%	16.35%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.53%	14.97%	17.30%	15.02%	12.26%	14.22%	15.74%	14.12%	12.93%	16.04%	16.35%
Earnings before Interest and Taxes (EBIT)	37	24	9.09	33	32	23	14	27	31	27	-1.10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	57	45	30	54	53	45	36	50	54	50	22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.56	1.63	2.02	2.06	1.69	1.61	1.83	1.46	1.09	1.27	1.04
Price to Tangible Book Value (P/TBV)	5.60	6.63	9.48	9.83	7.41	6.15	6.72	5.16	3.68	4.50	3.67
Price to Revenue (P/Rev)	1.43	1.41	1.70	1.81	1.64	1.64	1.89	1.52	1.15	1.26	1.03
Price to Earnings (P/E)	15.62	15.66	21.15	19.33	17.27	15.94	17.66	18.74	14.86	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.40%	6.39%	4.73%	5.17%	5.79%	6.27%	5.66%	5.34%	6.73%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.39	1.43	1.66	1.66	1.44	1.41	1.56	1.31	1.06	1.18	1.03
Enterprise Value to Revenue (EV/Rev)	1.84	1.81	2.17	2.34	2.19	2.13	2.39	2.06	1.62	1.78	1.57
Enterprise Value to EBITDA (EV/EBITDA)	8.38	7.99	9.70	9.58	8.42	8.07	8.75	7.69	6.07	6.61	6.30
Enterprise Value to EBIT (EV/EBIT)	15.37	14.22	17.89	17.32	15.74	15.35	16.43	14.87	11.88	12.70	13.20
Enterprise Value to NOPAT (EV/NOPAT)	22.41	19.27	23.96	22.96	21.30	17.56	18.65	16.11	12.14	18.29	19.03
Enterprise Value to Operating Cash Flow (EV/OCF)	9.60	7.94	9.42	10.18	10.20	10.71	9.73	9.93	6.60	8.38	8.97
Enterprise Value to Free Cash Flow (EV/FCFF)	51.07	19.16	16.71	20.96	21.13	19.85	21.79	19.58	11.04	26.41	27.83
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.19	1.24	1.30	1.30	1.28	1.23	1.22	1.20	1.18	1.23	1.23
Long-Term Debt to Equity	1.17	1.22	1.28	1.29	1.27	1.22	1.21	1.19	1.17	1.22	1.22
Financial Leverage	0.45	0.43	0.48	0.49	0.51	0.47	0.52	0.56	0.51	0.50	0.52
Leverage Ratio	2.65	2.64	2.62	2.62	2.64	2.63	2.64	2.62	2.60	2.59	2.57
Compound Leverage Factor	2.19	2.63	-0.15	2.79	2.05	2.68	0.46	1.09	1.57	-3.64	9.72
Debt to Total Capital	54.24%	55.30%	56.43%	56.62%	56.20%	55.16%	54.91%	54.59%	54.19%	55.14%	55.15%
Short-Term Debt to Total Capital	0.56%	0.57%	0.58%	0.58%	0.58%	0.57%	0.57%	0.41%	0.55%	0.56%	0.56%
Long-Term Debt to Total Capital	53.68%	54.73%	55.85%	56.03%	55.62%	54.59%	54.34%	54.18%	53.64%	54.58%	54.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	45.76%	44.70%	43.57%	43.39%	43.80%	44.84%	45.09%	45.41%	45.81%	44.86%	44.85%
Debt to EBITDA	4.96	4.72	4.88	4.69	4.76	4.75	4.58	4.67	4.65	4.53	4.88
Net Debt to EBITDA	1.86	1.77	2.09	2.17	2.13	1.86	1.85	2.00	1.77	1.93	2.16
Long-Term Debt to EBITDA	4.90	4.67	4.83	4.64	4.71	4.70	4.53	4.64	4.60	4.49	4.83
Debt to NOPAT	13.25	11.38	12.05	11.24	12.05	10.34	9.76	9.79	9.30	12.54	14.74
Net Debt to NOPAT	4.97	4.26	5.17	5.21	5.40	4.04	3.94	4.20	3.54	5.32	6.54
Long-Term Debt to NOPAT	13.11	11.26	11.93	11.12	11.93	10.23	9.66	9.71	9.20	12.41	14.59
Altman Z-Score	0.99	0.97	1.05	1.09	0.96	0.97	1.08	0.99	0.86	0.91	0.78
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.41	2.07	2.03	1.91	2.03	2.07	2.50	2.72	2.54	2.64	2.81
Quick Ratio	1.70	1.43	1.18	1.04	1.22	1.42	1.69	1.74	1.77	1.95	1.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-10	20	37	32	22	20	-5.68	4.68	33	-3.79	-19
Operating Cash Flow to CapEx	414.03%	398.44%	22.00%	180.36%	223.84%	548.97%	210.13%	51.65%	397.55%	252.47%	42.29%
Free Cash Flow to Firm to Interest Expense	-1.05	1.91	3.81	3.53	1.88	1.42	-0.42	0.27	2.94	-0.32	-1.59
Operating Cash Flow to Interest Expense	5.92	7.48	0.42	4.04	2.73	4.61	2.72	0.57	5.30	3.68	0.86
Operating Cash Flow Less CapEx to Interest Expense	4.49	5.60	-1.48	1.80	1.51	3.77	1.43	-0.53	3.97	2.22	-1.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.42	0.43	0.43	0.40	0.37	0.37	0.38	0.38	0.38	0.39	0.39
Accounts Receivable Turnover	8.59	10.54	10.16	7.95	7.35	8.86	9.53	8.44	8.81	8.85	9.09
Inventory Turnover	11.82	12.13	11.69	10.52	10.23	11.02	9.97	9.96	9.82	9.84	9.31
Fixed Asset Turnover	1.37	1.39	1.37	1.30	1.21	1.19	1.20	1.19	1.21	1.23	1.24
Accounts Payable Turnover	11.41	12.96	13.57	11.79	11.88	12.30	14.48	14.42	15.23	11.96	15.23
Days Sales Outstanding (DSO)	42.51	34.61	35.92	45.93	49.66	41.21	38.32	43.25	41.42	41.25	40.15
Days Inventory Outstanding (DIO)	30.88	30.09	31.22	34.70	35.69	33.11	36.62	36.63	37.19	37.10	39.19
Days Payable Outstanding (DPO)	31.98	28.16	26.90	30.95	30.72	29.68	25.20	25.31	23.96	30.52	23.97
Cash Conversion Cycle (CCC)	41.41	36.54	40.24	49.68	54.63	44.64	49.74	54.57	54.65	47.83	55.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,068	1,035	1,048	1,072	1,067	1,045	1,061	1,087	1,058	1,066	1,080
Invested Capital Turnover	0.77	0.79	0.75	0.71	0.66	0.66	0.65	0.64	0.65	0.67	0.66
Increase / (Decrease) in Invested Capital	37	-0.45	-31	-7.40	-0.58	9.68	13	16	-9.27	21	18
Enterprise Value (EV)	1,483	1,482	1,736	1,781	1,537	1,474	1,654	1,419	1,127	1,256	1,109
Market Capitalization	1,154	1,154	1,361	1,377	1,148	1,134	1,304	1,050	798	890	728
Book Value per Share	$5.41	$5.43	$5.47	$5.56	$5.81	$6.08	$6.08	$6.13	$6.26	$6.01	$5.95
Tangible Book Value per Share	$1.51	$1.34	$1.17	$1.17	$1.33	$1.59	$1.66	$1.74	$1.86	$1.70	$1.69
Total Capital	1,616	1,582	1,547	1,539	1,548	1,573	1,578	1,580	1,592	1,561	1,558
Total Debt	877	875	873	871	870	868	866	862	863	861	859
Total Long-Term Debt	868	866	864	862	861	859	857	856	854	852	850
Net Debt	328	328	374	404	390	339	350	370	329	366	381
Capital Expenditures (CapEx)	14	19	19	21	14	12	17	19	15	17	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	77	36	60	74	75	48	67	90	57	51	69
Debt-free Net Working Capital (DFNWC)	199	147	121	103	113	136	170	173	180	197	197
Net Working Capital (NWC)	190	138	112	94	104	127	161	167	172	189	188
Net Nonoperating Expense (NNE)	5.80	-5.93	7.53	-1.19	5.06	-0.44	5.88	12	9.72	48	2.96
Net Nonoperating Obligations (NNO)	328	328	374	404	390	339	350	370	329	366	381
Total Depreciation and Amortization (D&A)	20	21	21	21	22	23	22	22	23	23	23
Debt-free, Cash-free Net Working Capital to Revenue	9.55%	4.44%	7.46%	9.73%	10.64%	6.88%	9.68%	13.08%	8.19%	7.28%	9.80%
Debt-free Net Working Capital to Revenue	24.58%	17.96%	15.15%	13.57%	16.10%	19.66%	24.61%	25.16%	25.95%	28.01%	27.85%
Net Working Capital to Revenue	23.47%	16.86%	14.02%	12.39%	14.82%	18.36%	23.31%	24.21%	24.70%	26.77%	26.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.16	$0.19	($0.01)	$0.22	$0.14	$0.25	$0.01	$0.07	$0.12	($0.26)	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	132.62M	133.60M	122.18M	118.65M	116.45M	118.37M	116.96M	116.91M	116.49M	116.72M	117.26M
Adjusted Diluted Earnings per Share	$0.16	$0.19	($0.01)	$0.22	$0.14	$0.25	$0.01	$0.07	$0.12	($0.26)	($0.03)
Adjusted Weighted Average Diluted Shares Outstanding	134.10M	135.09M	122.18M	119.92M	117.37M	119.49M	117.45M	117.64M	117.19M	116.72M	117.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	130.25M	123.19M	120.16M	116.64M	116.12M	116.98M	117.01M	116.47M	116.51M	117.37M	117.40M
Normalized Net Operating Profit after Tax (NOPAT)	27	19	6.06	25	22	16	7.10	20	24	17	-0.64
Normalized NOPAT Margin	11.67%	10.58%	3.77%	13.54%	12.48%	9.22%	4.42%	11.11%	13.38%	9.52%	-0.39%
Pre Tax Income Margin	13.03%	13.30%	-0.33%	18.96%	14.12%	13.36%	1.50%	6.22%	10.46%	-20.63%	-2.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.84	2.35	0.92	3.57	2.67	1.63	1.02	1.57	2.74	2.26	-0.09
NOPAT to Interest Expense	2.84	1.87	0.62	2.72	1.83	2.12	0.53	1.16	2.12	1.47	-0.05
EBIT Less CapEx to Interest Expense	2.41	0.48	-0.98	1.33	1.45	0.79	-0.27	0.47	1.41	0.80	-2.12
NOPAT Less CapEx to Interest Expense	1.41	-0.01	-1.29	0.48	0.61	1.28	-0.77	0.06	0.79	0.01	-2.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	99.77%	185.54%	258.88%	284.98%	213.23%	110.63%	66.17%	18.48%	9.33%	-75.32%	0.00%

Key Financial Trends

Ecovyst’s Q1 2025 results show modest top‐line growth but continued pressure on profitability and cash flow. Revenue rose 1.0% year-over-year to $162.2 million, yet gross margins compressed to 15.8% and the company reported a net loss of $3.6 million versus a $1.2 million profit in Q1 2024. Operating cash flow remained positive at $10.3 million, but heavy capital spending and debt servicing weighed on free cash flow.

Over the past four quarters, Ecovyst has reinvested heavily in its asset base while maintaining a net debt position around $380 million. Leverage metrics are moderate by long-term standards but Altman Z-scores below 1 suggest balance sheet risk. Investors should weigh the company’s improving revenue stability and operating cash generation against margin erosion, rising costs and negative free cash flow.

Revenue grew 1.0% year-over-year in Q1 2025 to $162.2 million, extending a multi-quarter trend of stable top-line performance.
Operating cash flow of $10.3 million in Q1 2025 remained positive despite a net loss, reflecting resilient core operations.
High capital expenditures ($24.3 million in Q1 2025) support capacity expansion but pressure free cash flow.
Net debt stands at $381 million, with net debt/EBITDA at roughly 2.2×, in line with industry norms for a capital-intensive business.
Gross margin narrowed to 15.8% in Q1 2025 from ~24.4% in Q1 2024, highlighting cost and pricing pressures.
Price/EBITDA multiple of ~6.3× and EV/EBITDA of ~6.3× reflect a valuation discount relative to larger peers.
Reported net loss of $3.6 million in Q1 2025 versus a $1.2 million profit in Q1 2024 signals ongoing profitability challenges.
EBITDA declined to $22.4 million in Q1 2025 from $54.5 million in Q3 2024, marking a ~59% drop from the recent peak.
Free cash flow swung to negative $19.1 million in Q1 2025 from +$36.5 million in Q1 2024 as CapEx surged.
Altman Z-score of ~0.78 in Q1 2025 is below the distress threshold (Z < 1.8), indicating elevated financial risk.

06/20/25 08:38 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Ecovyst's Financials

When does Ecovyst's financial year end?

According to the most recent income statement we have on file, Ecovyst's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Ecovyst's net income changed over the last 9 years?

Over the last 9 years, Ecovyst's net income changed from $11.43 million in 2015 to -$6.65 million in 2024, a change of -158.2%. See Ecovyst's forecast for analyst expectations on what’s next for the company.

What is Ecovyst's operating income?

Ecovyst's total operating income in 2024 was $98.09 million, based on the following breakdown:

Total Gross Profit: $201.52 million
Total Operating Expenses: $103.43 million

How has Ecovyst's revenue changed over the last 9 years?

Over the last 9 years, Ecovyst's total revenue changed from $388.88 million in 2015 to $704.49 million in 2024, a change of 81.2%.

How much debt does Ecovyst have?

Ecovyst's total liabilities were at $1.10 billion at the end of 2024, a 2.7% decrease from 2023, and a 65.9% decrease since 2016.

How much cash does Ecovyst have?

In the past 8 years, Ecovyst's cash and equivalents has ranged from $53.86 million in 2019 to $146.01 million in 2024, and is currently $146.01 million as of their latest financial filing in 2024.

How has Ecovyst's book value per share changed over the last 9 years?

Over the last 9 years, Ecovyst's book value per share changed from 0.00 in 2015 to 6.01 in 2024, a change of 601.2%.

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This page (NYSE:ECVT) was last updated on 6/20/2025 by MarketBeat.com Staff

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Ecovyst (ECVT) Financials

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Ecovyst (ECVT) Financials

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