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Ecovyst
(NYSE:ECVT)
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Rating:56Neutral
Price Target:
$12.50
▲(0.32% Upside)
Action:Reiterated
Date:08/06/26
The score is anchored by moderate financial performance with solid operating and free cash flow despite current net losses, plus a constructive earnings call featuring upgraded 2026 guidance and an accretive acquisition. Offsetting these positives are weak technicals (below key moving averages with negative MACD) and a stretched valuation (P/E ~83.9 with no dividend yield provided).
Positive Factors
Cash generation and FCF
Sustained positive operating cash flow and meaningful free cash flow provide durable internal funding for capex, bolt‑ons, buybacks and debt reduction. This cash generation supports strategic flexibility over the next several quarters despite accounting losses.
Negative Factors
Ongoing net losses & weak returns
Despite positive operating margins, below‑the‑line items leave reported net losses and negative ROE. Persistent accounting losses limit earnings quality and shareholder returns, and hinder durable restoration of profitability until non‑operating items normalize.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation and FCF
Sustained positive operating cash flow and meaningful free cash flow provide durable internal funding for capex, bolt‑ons, buybacks and debt reduction. This cash generation supports strategic flexibility over the next several quarters despite accounting losses.
Read all positive factors
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.
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The Fly
The FlyEcovyst (ECVT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.32B
Dividend YieldN/A
Average Volume (3M)1.82M
Price to Earnings (P/E)83.9
Beta (1Y)0.94
Revenue Growth16.03%
EPS Growth-470.74%
CountryUS
Employees617
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.16
Shares Outstanding109,453,480
10 Day Avg. Volume1,375,961
30 Day Avg. Volume1,818,777
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$15.00Price Target Upside20.39% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.66
Revenue Forecast (FY)$966.76M
Ecovyst Business Overview & Revenue Model
Company Description
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 prim...
How the Company Makes Money
Ecovyst makes money primarily by selling (1) catalysts and related services and (2) silica-based products. In its catalyst businesses, revenue is generated from supplying specialty catalysts used by refiners and petrochemical producers to enable o...
Ecovyst Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational execution and financial performance: Q2 sales and adjusted EBITDA grew materially (sales up $74M; EBITDA up 27%), management closed an accretive bolt-on acquisition (Calabrian) with immediate contribution and synergies, raised full-year guidance for revenue, adjusted EBITDA and free cash flow, and maintained liquidity and a disciplined capital allocation plan. Offsetting risks include elevated sulfur costs that increase working capital and a $100M acquisition-related debt add-on that raised leverage to 2.0x, near-term higher turnaround and manufacturing costs, and potential demand sensitivity if sulfur prices remain elevated. Overall, the positive operational results, accretive M&A and upgraded guidance outweigh the manageable near-term cost and market risks.Positive Updates
Revenue Growth and Top-Line Metrics
Second quarter sales of $250 million, up $74 million year-over-year; excluding a $55 million sulfur cost pass-through, sales were up nearly 11% reflecting higher regenerated and virgin sulfuric acid volumes and favorable contractual pricing.
Negative Updates
Elevated Sulfur Costs and Working Capital Impact
Sulfur prices rose further in Q2; Q2 pass-through effect on sales was ~$55 million and full-year pass-through effect now expected to be approximately $220 million higher versus prior year (up from $155 million previously expected), increasing working capital needs.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth and Top-Line Metrics
Second quarter sales of $250 million, up $74 million year-over-year; excluding a $55 million sulfur cost pass-through, sales were up nearly 11% reflecting higher regenerated and virgin sulfuric acid volumes and favorable contractual pricing.
Read all positive updates
Company Guidance
Ecovyst updated 2026 guidance, raising full‑year sales to $1.02–$1.06B (prior $890–$970M) with an expected full‑year sulfur cost pass‑through of ≈$220M (Q2 pass‑through ≈$55M); legacy adjusted EBITDA was raised to $185–$195M, Calabrian is expected to contribute $10–$12M in H2, and consolidated adjusted EBITDA is now $195–$207M; adjusted free cash flow is guided to $45–$55M (up from $40–$55M) after H1 adjusted FCF of $13M; interest expense is unchanged at $18–$22M; capital expenditures $85–$95M (up from $80–$90M) with ~$20M of planned Gulf Coast organic investment, depreciation & amortization $80–$84M, and an effective tax rate in the mid‑20% range; adjusted net income is $65–$85M with adjusted diluted EPS $0.58–$0.72; quarterly directionality calls for Q3 adjusted EBITDA (incl. Calabrian) of $54–$59M and Q4 of $48–$55M, while the company finished Q2 with net debt leverage ~2.0x (up from 1.2x), available liquidity $176M ($88M cash, $88M ABL) and a long‑term leverage target of 2–2.5x.Ecovyst Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
58
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 869.29M | 723.51M | 704.49M | 691.12M | 820.16M | 611.20M |
| Gross Profit | 182.88M | 158.09M | 201.52M | 197.97M | 224.63M | 176.66M |
| EBITDA | 213.06M | 138.59M | 133.77M | 211.27M | 211.12M | 130.67M |
| Net Income | -61.30M | -71.13M | -6.65M | 71.15M | 73.70M | -139.95M |
Balance Sheet | ||||||
| Total Assets | 1.42B | 1.26B | 1.80B | 1.84B | 1.88B | 1.93B |
| Cash, Cash Equivalents and Short-Term Investments | 87.80M | 197.20M | 146.01M | 88.36M | 110.92M | 140.89M |
| Total Debt | 546.40M | 430.74M | 899.16M | 900.19M | 913.53M | 926.71M |
| Total Liabilities | 833.80M | 657.50M | 1.10B | 1.13B | 1.18B | 1.19B |
| Stockholders Equity | 586.90M | 603.50M | 700.46M | 705.46M | 707.23M | 740.74M |
Cash Flow | ||||||
| Free Cash Flow | 85.41M | 69.89M | 80.94M | 72.26M | 127.74M | 69.90M |
| Operating Cash Flow | 165.24M | 140.31M | 149.89M | 137.60M | 186.61M | 129.90M |
| Investing Cash Flow | 288.76M | 435.41M | -73.45M | -65.33M | -63.02M | 835.70M |
| Financing Cash Flow | -470.44M | -524.96M | -17.84M | -93.50M | -148.19M | -964.20M |
Ecovyst Technical Analysis
Negative
12.46
Price Trends
12.43
Negative
13.04
Negative
11.49
Negative
Market Momentum
-0.36
Positive
23.11
Positive
6.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ECVT, the sentiment is Negative. The current price of 12.46 is above the 20-day moving average (MA) of 12.16, above the 50-day MA of 12.43, and above the 200-day MA of 11.49, indicating a bearish trend. The MACD of -0.36 indicates Positive momentum. The RSI at 23.11 is Positive, neither overbought nor oversold. The STOCH value of 6.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $2.12B | 18.69 | 9.14% | 2.11% | 0.25% | 325.27% | |
62 Neutral | $1.46B | -534.50 | -0.22% | 2.73% | 7.63% | -104.57% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | $1.32B | 83.92 | -10.33% | ― | 16.03% | -470.74% | |
56 Neutral | $2.36B | -34.97 | -4.04% | 0.62% | 4.06% | -3189.89% | |
52 Neutral | $7.16M | -0.71 | -76.20% | ― | 15.67% | 75.35% | |
52 Neutral | $995.35M | -39.56 | -38.79% | ― | 175.93% | 11.30% |
* Basic Materials Sector Average
ECVT
Ecovyst
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SCL
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SNES
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273.73%
Ecovyst Corporate Events
Business Operations and StrategyM&A Transactions
Ecovyst Completes $190 Million North American Acquisition
Positive
Jun 30, 2026
On June 30, 2026, Ecovyst Inc., through its subsidiaries New Structure Subco Inc. and EV Industrial Chemical Subsidiary Holdings Inc., completed the previously announced acquisition of all issued share capital of its designated U.S. and Canadian t...
Executive/Board ChangesShareholder Meetings
Ecovyst Stockholders Approve Directors, Pay and Auditor at Meeting
Positive
May 21, 2026
On May 20, 2026, Ecovyst Inc. held its 2026 Annual Meeting of Stockholders, with 100,214,085 of 109,450,306 eligible common shares represented in person or by proxy, underscoring strong investor participation in the company’s governance. Sto...
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.