Ecovyst (ECVT)
NYSE:ECVT
Top Page
Ecovyst
(NYSE:ECVT)
Select Model
Select Model
Rating:63Neutral
Price Target:
$14.00
▲(7.61% Upside)
Action:ReiteratedDate:02/27/26
The score is driven by improved financial resilience (lower leverage and continued positive cash generation) and a constructive earnings-call outlook with planned buybacks and higher 2026 EBITDA guidance. These positives are tempered by weak recent profitability/margin compression and a loss-based valuation signal (negative P/E), though technicals currently support a positive trend.
Positive Factors
Balance Sheet Strength
A material reduction in debt and a very low debt-to-equity ratio reflect a structurally stronger balance sheet after the divestiture and paydown. Lower leverage reduces interest burden, increases financial flexibility for capex, M&A or buybacks, and improves resilience to cyclical shocks.
Negative Factors
Margin Compression from Pass‑Through Costs
Significant margin erosion driven by cost pass-through highlights vulnerability in reported profitability when input costs spike. Even if sales rise via pass-through, percentage margins fall, making earnings and operating leverage less resilient and complicating sustainable margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A material reduction in debt and a very low debt-to-equity ratio reflect a structurally stronger balance sheet after the divestiture and paydown. Lower leverage reduces interest burden, increases financial flexibility for capex, M&A or buybacks, and improves resilience to cyclical shocks.
Read all positive factors
Ecovyst (ECVT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.45B
Dividend YieldN/A
Average Volume (3M)1.48M
Price to Earnings (P/E)―
Beta (1Y)0.99
Revenue Growth7.75%
EPS Growth-302.73%
CountryUS
Employees920
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.28
Shares Outstanding110,586,100
10 Day Avg. Volume1,650,394
30 Day Avg. Volume1,475,607
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.86
Price to Sales (P/S)1.55
P/FCF Ratio16.05
Enterprise Value/Market Cap1.19
Enterprise Value/Revenue2.26
Enterprise Value/Gross Profit9.94
Enterprise Value/Ebitda11.45
Forecast
1Y Price Target
$14.50Price Target Upside11.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.61
Revenue Forecast (FY)$903.94M
Ecovyst Business Overview & Revenue Model
Company Description
Ecovyst Inc. provides specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates through two segments, Ecoservices and Catalyst Technologies. The Ecoservices segment offers...
How the Company Makes Money
Ecovyst generates revenue primarily by selling (a) catalysts and (b) silica-based specialty materials, and by providing catalyst-related services. In its catalyst business, the company earns money from supplying fresh catalyst products used in pro...
Ecovyst Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down sales across the company’s business units (such as specialty chemical and catalyst operations), showing which lines drive revenue and profit. Reveals where management is allocating resources, which segments are growing or shrinking, and whether the company’s results depend on a few high-margin businesses or a diversified mix — important for judging resilience to market swings or shifts in demand.
Breaks down sales across the company’s business units (such as specialty chemical and catalyst operations), showing which lines drive revenue and profit. Reveals where management is allocating resources, which segments are growing or shrinking, and whether the company’s results depend on a few high-margin businesses or a diversified mix — important for judging resilience to market swings or shifts in demand.
Data provided by:
The Fly
The FlyEcovyst Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call conveyed a broadly positive tone: management completed a transformational divestiture that materially strengthened the balance sheet, reduced leverage to 1.2x, and provided liquidity to pursue growth and share repurchases. Operationally, the company posted sales and adjusted EBITDA growth in Q4, acquired Wagaman to expand capacity (adding ~10% volume), and provided a constructive 2026 outlook with higher expected sales and adjusted EBITDA. Key headwinds include margin compression driven by sulfur cost pass-through (which raised sales but reduced margin percentage), unplanned customer downtime that hurt regeneration volumes, higher near-term turnaround and integration costs, and a lower adjusted free cash flow outlook in 2026 due to elevated capex and working capital. Overall, the strategic and financial gains appear to outweigh the manageable operational and cost challenges.Positive Updates
Transformative Divestiture and Strong Balance Sheet
Completed sale of the Advanced Materials and Catalysts segment for $556 million and used $465 million of net proceeds to pay down term loan, resulting in a net debt leverage ratio of 1.2x at year-end and approximately $265 million of available liquidity.
Negative Updates
Adjusted EBITDA Margin Compression
Adjusted EBITDA margin decreased by approximately 630 basis points year-over-year; roughly 500 basis points of the decline is attributable to pass-through increases in sulfur costs (~$28 million higher in Q4) which increased sales but compressed margin percentage.
Read all updates
Q4-2025 Updates
Positive
Negative
Transformative Divestiture and Strong Balance Sheet
Completed sale of the Advanced Materials and Catalysts segment for $556 million and used $465 million of net proceeds to pay down term loan, resulting in a net debt leverage ratio of 1.2x at year-end and approximately $265 million of available liquidity.
Read all positive updates
Company Guidance
Ecovyst’s 2026 guidance calls for full-year sales of $860–$940 million (including an expected ~$125 million pass-through of higher sulfur costs), full-year adjusted EBITDA of $175–$195 million, and capital expenditures of $80–$90 million (about $20 million higher than 2025) with ~ $20 million of targeted Gulf Coast growth projects; adjusted free cash flow is expected to be $35–$55 million after an anticipated ~$10 million working capital increase, interest expense of $18–$22 million, and ~$8 million higher turnaround costs (seven turnarounds planned, three in Q1); management expects Q1 adjusted EBITDA to be up $8–$13 million versus 2025 with Q2/Q3 as peak quarters, plans $25–$40 million of share repurchases in 2026 (with ~$183 million remaining authorization), and enters 2026 with a strengthened balance sheet (year-end net leverage ~1.2x and available liquidity ~$265 million).Ecovyst Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 723.50M | 704.49M | 691.12M | 820.16M | 611.20M |
| Gross Profit | 158.10M | 201.52M | 197.97M | 224.63M | 176.66M |
| EBITDA | 127.80M | 133.77M | 211.27M | 211.12M | 130.67M |
| Net Income | -71.10M | -6.65M | 71.15M | 73.70M | -139.95M |
Balance Sheet | |||||
| Total Assets | 1.26B | 1.80B | 1.84B | 1.88B | 1.93B |
| Cash, Cash Equivalents and Short-Term Investments | 197.20M | 146.01M | 88.36M | 110.92M | 140.89M |
| Total Debt | 430.74M | 899.16M | 900.19M | 913.53M | 926.71M |
| Total Liabilities | 657.50M | 1.10B | 1.13B | 1.18B | 1.19B |
| Stockholders Equity | 603.50M | 700.46M | 705.46M | 707.23M | 740.74M |
Cash Flow | |||||
| Free Cash Flow | 69.89M | 80.94M | 72.26M | 127.74M | 69.90M |
| Operating Cash Flow | 140.30M | 149.89M | 137.60M | 186.61M | 129.90M |
| Investing Cash Flow | 435.40M | -73.45M | -65.33M | -63.02M | 835.70M |
| Financing Cash Flow | -525.00M | -17.84M | -93.50M | -148.19M | -964.20M |
Ecovyst Technical Analysis
Positive
13.01
Price Trends
11.66
Positive
10.58
Positive
9.61
Positive
Market Momentum
0.47
Negative
65.87
Neutral
76.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ECVT, the sentiment is Positive. The current price of 13.01 is above the 20-day moving average (MA) of 12.29, above the 50-day MA of 11.66, and above the 200-day MA of 9.61, indicating a bullish trend. The MACD of 0.47 indicates Negative momentum. The RSI at 65.87 is Neutral, neither overbought nor oversold. The STOCH value of 76.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ECVT.
Ecovyst Risk Analysis
Ecovyst disclosed 41 risk factors in its most recent earnings report. Ecovyst reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ecovyst Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $1.88B | 16.33 | 9.01% | 2.19% | -4.49% | -100.80% | |
63 Neutral | $1.45B | -15.78 | -10.93% | ― | 7.75% | -302.73% | |
63 Neutral | $2.26B | 12.77 | -1.11% | 0.74% | -2.53% | -100.23% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $1.17B | 23.10 | 3.80% | 3.33% | 5.35% | -1.43% | |
56 Neutral | $1.25B | -22.85 | -46.11% | ― | -11.12% | 8.76% | |
45 Neutral | $8.49M | -10.98 | -77.79% | ― | 39.37% | 69.81% |
* Basic Materials Sector Average
ECVT
Ecovyst
13.14
7.14
119.00%
IOSP
Innospec
75.76
-12.20
-13.87%
MTX
Minerals Technologies
72.67
14.66
25.27%
SCL
Stepan Company
51.55
3.39
7.03%
SNES
SenesTech
1.60
-0.09
-5.33%
LWLG
Lightwave Logic
8.39
7.41
756.12%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.