Ingevity Corp income statement
In fiscal 2025, Ingevity Corp reported revenue of $1.17bn, down 2.7% on the year before, operating income of $419m (a 35.9% margin) and net income of −$167m, or −$4.61 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,036 | 958 | 908 | 972 | 1,134 | 1,293 | 1,216 | 1,392 | 1,668 | 1,216 | 1,200 | 1,168 | 1,160 |
| Cost of revenue | — | — | 634 | 643 | 717 | 811 | 751 | 879 | 1,098 | 771 | 735 | 706 | 683 |
| Gross profit | 319 | 275 | 274 | 329 | 417 | 482 | 466 | 513 | 570 | 445 | 465 | 462 | 477 |
| Research and development | 8 | 17 | 18 | 20 | 22 | 20 | 23 | 26 | 30 | 25 | 25 | 28 | 27 |
| Selling, general and administrative | 108 | 93 | 96 | 106 | 132 | 163 | 149 | 179 | 199 | 162 | 158 | 171 | 165 |
| Operating income | 213 | 166 | 164 | 243 | 321 | 397 | 398 | 422 | 453 | 423 | 426 | 419 | — |
| Interest expense | 16 | 20 | 19 | 18 | 33 | 55 | 47 | 52 | 62 | 93 | 98 | 78 | — |
| Income before tax | 202 | 137 | 87 | 175 | 222 | 228 | 235 | 163 | 270 | 130 | −141 | −142 | 38 |
| Income tax | 70 | 52 | 43 | 30 | 40 | 44 | 54 | 45 | 58 | 24 | −19 | 8 | 13 |
| Net income | 129 | 80 | 35 | 127 | 169 | 184 | 181 | 118 | 212 | −5 | −430 | −167 | 54 |
| Diluted EPS | $3.06 | $1.89 | $0.83 | $2.97 | $3.97 | $4.35 | $4.37 | $2.95 | $5.50 | −$0.15 | −$11.85 | −$4.61 | $1.51 |
| Diluted shares (average) | 42m | 42m | 42m | 43m | 43m | 42m | 42m | 40m | 38m | 37m | 36m | 36m | 36m |
| EBITDA | 246 | 201 | 202 | 283 | 378 | 482 | 498 | 532 | 561 | 546 | 534 | 525 | — |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 334 | 263 | 248 | 332 | 333 | 255 | 258 | 314 |
| Cost of revenue | 202 | 163 | 136 | 204 | 199 | 167 | 142 | 175 |
| Gross profit | 132 | 100 | 112 | 128 | 134 | 88 | 116 | 139 |
| Research and development | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 6 |
| Selling, general and administrative | 38 | 38 | 42 | 44 | 44 | 42 | 41 | 39 |
| Operating income | 110 | 138 | — | — | — | — | — | — |
| Income before tax | 54 | 24 | 38 | −137 | 62 | −105 | 30 | 51 |
| Income tax | 7 | 5 | 9 | 5 | 21 | −27 | 7 | 11 |
| Net income | −107 | 17 | 21 | −147 | 44 | −85 | 60 | 35 |
| Diluted EPS | −$2.94 | $0.46 | $0.56 | −$4.02 | $1.18 | −$2.34 | $1.66 | $1.00 |
| EBITDA | 136 | 163 | — | — | — | — | — | — |
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