Ecovyst vs Hawkins
Hawkins is the larger business, with $1.08bn of revenue in fiscal 2026 against $724m for Ecovyst (1.5 times as much). Ecovyst grew faster (20.9% against 11.2%). Hawkins kept more of each dollar of sales as profit: a net margin of 7.5% against -9.8%.
| Latest fiscal year | EcovystECVT, 2025 | HawkinsHWKN, 2026 |
|---|---|---|
| Revenue | $724m | $1.08bn |
| Revenue growth | 20.9% | 11.2% |
| Net income | −$71.1m | $81.5m |
| Operating margin | 9.0% | — |
| Net margin | -9.8% | 7.5% |
| Return on equity | -10.9% | 16.4% |
| Free cash flow | $69.9m | $86.1m |
| Cash | $197m | $3.9m |
| Total debt | $397m | $244m |
| Debt to equity | 65.8% | — |
| Dividend per share | — | $0.75 |
| Dividend yield | — | 0.5% |
| Share buybacks | $46.9m | $0 |
| Employees | 617 | 1,200 |
| Market value | $1.10bn | $3.14bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 63 (Moderate) | 51 (Moderate) |
| Insider trades, 12 months | 1 buys, 2 sales | 5 buys, 0 sales |