Hawkins vs Ingevity
Hawkins and Ingevity are similar in size: $1.08bn and $1.17bn of revenue in their latest fiscal years. Hawkins grew faster (11.2% against -2.7%). Hawkins kept more of each dollar of sales as profit: a net margin of 7.5% against -14.3%.
| Latest fiscal year | HawkinsHWKN, 2026 | IngevityNGVT, 2025 |
|---|---|---|
| Revenue | $1.08bn | $1.17bn |
| Revenue growth | 11.2% | -2.7% |
| Net income | $81.5m | −$167m |
| Operating margin | — | 35.9% |
| Net margin | 7.5% | -14.3% |
| Return on equity | 16.4% | -148.6% |
| Free cash flow | $86.1m | $274m |
| Cash | $3.9m | $78.1m |
| Total debt | $244m | $1.21bn |
| Debt to equity | — | 4079.5% |
| Dividend per share | $0.75 | — |
| Dividend yield | 0.5% | — |
| Share buybacks | $0 | $56.3m |
| Employees | 1,200 | 1,500 |
| Market value | $3.19bn | $2.55bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 51 (Moderate) | 74 (Strong) |
| Insider trades, 12 months | 5 buys, 0 sales | 0 buys, 10 sales |