Ecovyst vs Perimeter Solutions
Ecovyst and Perimeter Solutions are similar in size: $724m and $653m of revenue in their latest fiscal years. Ecovyst grew faster (20.9% against 16.4%). Ecovyst kept more of each dollar of sales as profit: a net margin of -9.8% against -31.6%. Perimeter Solutions carries less debt relative to equity (59.6% against 65.8%).
| Latest fiscal year | EcovystECVT, 2025 | Perimeter SolutionsPRM, 2025 |
|---|---|---|
| Revenue | $724m | $653m |
| Revenue growth | 20.9% | 16.4% |
| Net income | −$71.1m | −$206m |
| Operating margin | 9.0% | -30.8% |
| Net margin | -9.8% | -31.6% |
| Return on equity | -10.9% | -18.0% |
| Free cash flow | $69.9m | $209m |
| Cash | $197m | $326m |
| Total debt | $397m | $675m |
| Debt to equity | 65.8% | 59.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $46.9m | $40.4m |
| Employees | 617 | 356 |
| Market value | $1.11bn | $4.68bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 63 (Moderate) | — |
| Insider trades, 12 months | 1 buys, 2 sales | 0 buys, 35 sales |