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Makes specialty catalysts and services for refining, chemical processing and emission control, formerly PQ Corporation's catalyst business.
Makes specialty catalysts and services for refining, chemical processing and emission control, formerly PQ Corporation's catalyst business.
Ecoservices earns fees under long-term contracts to regenerate refiners' spent sulphuric acid on site or nearby, plus sales of acid, while the catalysts segment sells silica-based catalysts used in making plastics. It sold its performance chemicals unit in 2021 and has since concentrated on these two.
Moat: narrow (installed base, process know-how, regulatory licence). Regional sulfuric acid regeneration network tied to refinery alkylation units creates high switching costs.
Headquarters: Malvern, Pennsylvania, US · Founded: 2020 · Employees: 617
Size Ecovyst (ECVT) is a United States Materials company (Chemicals: Specialty) with a market value of $1.15B, the 2163rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.49 on 6 Nov 2026.
Performance Over six months the shares fell 25.8%, against -21.8% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 20.1% over the last twelve months (peer median +3.3%); the operating margin is 12.1% (peer median 10.5%).
Valuation It trades at 14.1× forward earnings against a peer median of 19.1× (6th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.8 points below its cost of capital (8.7% WACC).
Short interest Short interest is 5.8% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $869M | $724M | $598M | $691M | $820M |
| Revenue growth | — | +21% | -13% | -16% | — |
| Gross profit | $176M | $149M | $155M | $187M | $214M |
| EBITDA | $177M | $157M | $159M | $191M | $206M |
| Net income | -$62.6M | -$22.3M | -$6.65M | $71.2M | $69.8M |
| Free cash flow | $82.6M | $69.9M | $94.3M | $72.3M | $128M |
| Capital expenditure | $65.7M | $70.4M | $55.6M | $65.3M | $58.9M |
| Total debt | $546M | $431M | $894M | $900M | $914M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ecovyst ECVT | $1.15B | -26% | +20% | 12% | 14.1× | 8.0% |
| Basf BAS.DE | $52.6B | +2% | -4% | 7% | 16.8× | 5.7% |
| Albemarle ALB | $11.7B | -51% | +18% | 14% | 11.3× | 10.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ECVT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.7% | -9.0% | 2nd highest of 21 |
| 6-month return | -25.8% | -21.8% | 7th lowest of 21 |
| Distance from 52-week high | -30.5% | -47.1% | 5th highest of 21 |
| Revenue growth (TTM) | +20.1% | +3.3% | 3rd highest of 21 |
| Operating margin | 12.1% | 10.5% | 10th highest of 21 |
| Forward P/E | 14.1× | 19.1× | 6th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 8.0% | 21.3% | 6th least demanding of 13 |
| Growth delivered (Del g) | +7.8% | +9.5% | 4th lowest of 13 |
| Hurdle (Req g minus delivered) | +0.2 pp | +3.0 pp | 6th least demanding of 13 |
| ROIC minus cost of capital | -0.8 pp | -1.2 pp | 10th highest of 21 |
| EV / EBITDA | 9.1× | 7.7× | 3rd most expensive of 7 |
| Net debt / EBITDA | 2.6× | -0.4× | most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ecovyst ECVT | United States | $1.15B | -26% | +20% | 12% | 14.1× | 8.0% | +7.8% |
| Shin-Etsu Polymer 7970.T | Japan | $1.15B | +5% | +10% | 13% | 13.2× | -2.9% | +8.4% |
| Shandong Boyuan Advanced Materials 301617.SZ | China | $1.15B | -4% | +11% | 12% | n/a | 44.7% | +22.5% |
| Vinati Organics VINATIORGA.NS | India | $1.14B | -26% | +11% | 20% | 23.8× | 24.0% | +18.2% |
| Hebei Jinniu Chemical Industry 600722.SS | China | $1.16B | -16% | -1% | 18% | n/a | 28.1% | +3.0% |
| Jinhong Gas 688106.SS | China | $1.17B | -42% | +15% | 2% | 67.0× | n/a | n/a |
| Anhui Hwasu 600935.SS | China | $1.13B | -22% | -10% | -8% | n/a | 28.1% | -1.0% |
| Hunan Kaimeite Gases 002549.SZ | China | $1.18B | -43% | -7% | -5% | 38.9× | n/a | n/a |
| Jiangsu Sopo Chemical 600746.SS | China | $1.12B | -23% | +6% | 5% | n/a | n/a | n/a |
| Chemtrade Logistics Income Fund CHE-UN.TO | Canada | $1.19B | -17% | +12% | 12% | 9.5× | -0.8% | +7.7% |
| Toagosei 4045.T | Japan | $1.19B | +3% | +2% | 9% | 14.4× | n/a | n/a |
| ISE Chemicals 4107.T | Japan | $1.20B | -30% | 0% | 22% | 36.0× | 18.6% | +18.4% |
| Hubei Heyuan Gas 002971.SZ | China | $1.09B | +9% | +12% | 7% | 138.4× | n/a | n/a |
| Tongyu Advanced Materials (Guangdong) 301630.SZ | China | $1.21B | -19% | +26% | 18% | n/a | 35.9% | +26.0% |
| Yunnan Energy Investment 002053.SZ | China | $1.21B | -24% | -24% | 20% | 11.6× | n/a | n/a |
| Shanghai Skychem Technology 688603.SS | China | $1.22B | -29% | +38% | 19% | 44.6× | n/a | n/a |
| Zhejiang Jiahua Energy Chemical Industry 600273.SS | China | $1.23B | -22% | +4% | 5% | 7.8× | -6.3% | +12.9% |
| Nan Pao Resins Chemical 4766.TW | Taiwan | $1.24B | -6% | +3% | 16% | 13.3× | -8.7% | +8.3% |
| Shanghai Chlor-Alkali Chemical 600618.SS | China | $1.24B | -29% | +2% | 6% | n/a | -0.4% | +9.9% |
| Anhui Shenjian New Materials 002361.SZ | China | $1.25B | -54% | -4% | -3% | n/a | n/a | n/a |
| Guizhou Redstar Developing 600367.SS | China | $1.25B | +14% | +1% | 7% | n/a | 26.8% | +9.1% |