Ecovyst Inc. key statistics and ratios

In fiscal 2025, Ecovyst Inc. had return on equity of -10.9%, an operating margin of 9.0%, debt equal to 65.8% of equity and a current ratio of 2.64. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ecovyst Inc.: financial ratios, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Gross margin	23.9%	25.6%	24.7%	31.4%	30.4%	28.9%	27.4%	28.5%	27.3%	21.8%	21.3%
Operating margin	7.7%	11.3%	12.7%	12.4%	10.4%	8.9%	12.7%	15.3%	14.2%	9.0%	9.4%
Net margin	−7.5%	3.9%	4.7%	14.9%	−56.2%	−22.9%	9.0%	12.2%	−1.1%	−9.8%	−7.1%
Free-cash-flow margin	0.1%	1.7%	11.1%	39.9%	34.0%	11.4%	15.6%	13.4%	15.8%	9.7%	8.3%
Return on equity	−7.8%	4.3%	3.5%	4.6%	−18.2%	−13.9%	10.2%	10.1%	−0.9%	−10.9%	−10.3%
Return on assets	−1.9%	1.3%	1.3%	1.8%	−7.4%	−5.5%	3.9%	3.8%	−0.4%	−4.6%	−4.6%
Asset turnover	0.25	0.34	0.28	0.12	0.13	0.24	0.43	0.31	0.33	0.47	0.65
Current ratio	2.03	1.90	2.19	2.11	2.12	2.01	2.07	2.07	2.64	2.64	1.70
Debt to equity	255.9%	139.5%	129.5%	104.9%	111.7%	120.9%	125.3%	124.4%	124.3%	65.8%	84.7%
Interest cover (operating income ÷ interest)	0.6x	0.9x	1.7x	1.0x	1.0x	1.5x	2.8x	2.0x	2.3x	1.9x	3.4x
Effective tax rate	—	—	40.0%	28.3%	—	87.1%	26.3%	15.3%	−0.7%	75.6%	51.9%
R&D as % of revenue	0.7%	0.9%	1.1%	1.4%	1.4%	1.2%	0.9%	1.3%	1.1%	—	—
SG&A as % of revenue	10.4%	10.0%	10.7%	15.7%	16.4%	16.0%	10.4%	10.4%	10.9%	9.1%	7.9%
Capital spending as % of revenue	11.4%	9.5%	9.1%	10.4%	11.1%	9.8%	7.2%	10.1%	9.3%	9.7%	8.8%
Free cash flow ÷ net income	—	42.9%	234.7%	267.2%	—	—	173.3%	110.4%	—	—	—
Dividends ÷ net income	—	—	0.0%	0.0%	—	—	0.0%	0.0%	—	—	—
Dividends and buybacks ÷ free cash flow	197.4%	0.0%	2.1%	0.0%	145.7%	623.4%	107.0%	100.2%	5.3%	67.2%	85.0%

US$ thousands unless shown otherwise. Fiscal quarters.

Ecovyst Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	29.3%	28.9%	13.3%	22.8%	25.4%	23.4%	16.9%	19.9%
Operating margin	17.9%	15.1%	−0.7%	9.0%	13.8%	10.9%	5.8%	7.7%
Net margin	9.3%	−20.4%	−2.5%	3.4%	−38.7%	2.9%	2.0%	3.1%
Free-cash-flow margin	34.9%	20.7%	−4.8%	6.3%	20.9%	11.5%	1.3%	1.5%
Current ratio	2.54	2.64	2.81	2.25	2.25	2.64	2.38	1.70
Debt to equity	118.3%	122.9%	122.9%	123.7%	140.6%	65.1%	68.3%	84.0%
SG&A as % of revenue	9.9%	10.4%	11.5%	10.0%	7.6%	8.1%	8.9%	6.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 7 checks passed · June 30, 2026

What it owns · $1.4bn

Short-term assets $261mLonger-term assets $1.2bn

What it owes, and who funded it · $1.4bn

Short-term liabilities $154mLonger-term liabilities $680mShareholders' equity $587m

Short-term assets cover short-term liabilities $261m of assets due within a year against $154m of liabilities due within a year.
Short-term assets cover long-term liabilities $261m short-term assets against $680m of longer-dated liabilities.
More cash than debt $88m of cash against $493m of debt.
Debt below 40% of shareholders' equity Debt is 84% of equity.
Debt burden no higher than five years ago Debt to equity moved from 118% to 84% over five years.
A year's operating cash flow covers at least 20% of debt $148m of operating cash flow against $493m of debt.
Operating profit covers interest at least five times over Operating income of $82m against $24m of interest.

From Ecovyst Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

63 /100

Moderate moat

How hard Ecovyst's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 4 / 20

Cash operating profit has been a median 4.7% of total assets over 7 years.
Pricing power 10 / 20

Gross margin has been a median 26.6%, moving by 2.4 percentage points (standard deviation) across 9 years.
Durability 12 / 20

Operating margin has been a median 11.0%; its worst year was 8.3%.
Cash conversion 17 / 20

Free cash flow was positive in 9 of 9 years, at a median 13.5% of revenue.
Discipline 20 / 20

The diluted share count fell 16.8% over five years; stock-based pay has been a median 1.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Ecovyst Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ecovyst Inc.