Ingevity Corporation logo

Ingevity Corporation

NGVT

NYSEBasic MaterialsChemicals - Specialty

Previous close

$70.27

+$0.96 · +1.39%

Aug 21, 4:00 PM ET

NGVT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

2

Overpriced

Momentum

52

Neutral

Sentiment

51

Mixed

Risk resilience

69

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Ingevity Corporation (NGVT) is a global provider specializing in the production and distribution of advanced chemical solutions and activated carbon products. The company's reach extends across North America, the Asia Pacific region, Europe, the Middle East, Africa, and South America. Its business operations are organized into two principal divisions: Performance Materials and Performance Chemicals. The Performance Materials segment focuses on the engineering, manufacturing, and sale of chemically activated carbon products, primarily derived from hardwood. These materials are chiefly utilized in gasoline vapor emission control systems for a wide range of vehicles, including cars, motorcycles, trucks, and boats. Beyond automotive applications, this division also supplies various activated carbon products for purification purposes in areas like food, water, beverages, and industrial chemicals. The Performance Chemicals segment covers pavement technologies, industrial specialty products, and engineered polymers. This division creates products sourced from crude tall oil and lignin, which are extracted during the kraft pulping process, as well as caprolactone monomers and their derivatives, synthesized from cyclohexanone and hydrogen peroxide. The extensive applications for these products include warm mix paving, pavement upkeep and refurbishment, and recycling; additives for oil well services, oil production, and downstream applications; alongside components for adhesives, agricultural dispersants, lubricants, printing inks, industrial intermediates, coatings, resins, elastomers, bioplastics, and medical devices. Ingevity Corporation was founded in 1964 and is headquartered in North Charleston, South Carolina.

Industry
Chemicals - Specialty
Sector
Basic Materials
Headquarters
US
CEO
David H. Li
Listed since
May 3, 2016
Employees
1,500

Market position

Day range

Current $70.27

52-week range

Current $70.27

Open
$69.81
Previous close
$69.31
Volume
250.23K
0.98× average
Average volume
255.15K
Average daily volume
Market cap
2.42B USD
Beta
1.18
Market reference 1
50-day average
$73.8032
-4.79% below average
200-day average
$67.641
+3.89% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.31B USD
P/E (TTM)
45.63×
P/B (TTM)
52.44×
P/S (TTM)
2.08×
EV / EBITDA
88.42×
Earnings yield
-7.80%
Free cash flow yield
12.77%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
41.12%
Operating margin
21.61%
Net margin
4.65%
Return on equity
-562.63%
Return on assets
-10.12%
Return on invested capital
19.13%

Financial health

Debt / equity
26.36×
Current ratio
1.33×
Altman Z-score
2.54
Piotroski F-score
9 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends47%18%-10%-38%Gross margin, FY2021: 36.85%Gross margin, FY2022: 34.17%Gross margin, FY2023: 27.89%Gross margin, FY2024: 32.33%Gross margin, FY2025: 39.53%Operating margin, FY2021: 22.08%Operating margin, FY2022: 20.44%Operating margin, FY2023: 15.15%Operating margin, FY2024: 18.48%Operating margin, FY2025: 22.43%Net margin, FY2021: 8.49%Net margin, FY2022: 12.68%Net margin, FY2023: -0.32%Net margin, FY2024: -30.60%Net margin, FY2025: -14.31%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 36.85%. Gross margin FY2022 34.17%. Gross margin FY2023 27.89%. Gross margin FY2024 32.33%. Gross margin FY2025 39.53%. Operating margin FY2021 22.08%. Operating margin FY2022 20.44%. Operating margin FY2023 15.15%. Operating margin FY2024 18.48%. Operating margin FY2025 22.43%. Net margin FY2021 8.49%. Net margin FY2022 12.68%. Net margin FY2023 -0.32%. Net margin FY2024 -30.60%. Net margin FY2025 -14.31%.

Income trends

Revenue

1.17B USD-16.98%

Operating income

261.9M USD+0.77%

Net income

−167.1M USD+61.17%
Income trends across reported periods1.9B USD1.06B USD206.42M USD−642.54M USDRevenue, FY2021: 1.39B USDRevenue, FY2022: 1.67B USDRevenue, FY2023: 1.69B USDRevenue, FY2024: 1.41B USDRevenue, FY2025: 1.17B USDOperating income, FY2021: 307.2M USDOperating income, FY2022: 341M USDOperating income, FY2023: 256.4M USDOperating income, FY2024: 259.9M USDOperating income, FY2025: 261.9M USDNet income, FY2021: 118.1M USDNet income, FY2022: 211.6M USDNet income, FY2023: −5.4M USDNet income, FY2024: −430.3M USDNet income, FY2025: −167.1M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.39B USD. Revenue FY2022 1.67B USD. Revenue FY2023 1.69B USD. Revenue FY2024 1.41B USD. Revenue FY2025 1.17B USD. Operating income FY2021 307.2M USD. Operating income FY2022 341M USD. Operating income FY2023 256.4M USD. Operating income FY2024 259.9M USD. Operating income FY2025 261.9M USD. Net income FY2021 118.1M USD. Net income FY2022 211.6M USD. Net income FY2023 −5.4M USD. Net income FY2024 −430.3M USD. Net income FY2025 −167.1M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.17B USD1.41B USD1.69B USD1.67B USD1.39B USD
Cost of goods sold706.1M USD951.7M USD1.22B USD1.1B USD878.7M USD
Gross profit461.5M USD454.7M USD471.9M USD570.1M USD512.8M USD
Research and development28.4M USD28.1M USD31.8M USD30.3M USD26.3M USD
Selling, general, and administrative171.2M USD166.7M USD183.7M USD198.8M USD179.3M USD
Operating expenses199.6M USD194.8M USD215.5M USD229.1M USD205.6M USD
Interest income4.4M USD6.9M USD6.3M USD5.8M USD4M USD
Interest expense77.1M USD97.8M USD93.3M USD61.8M USD51.7M USD
Depreciation and amortization106.4M USD108.3M USD122.8M USD108.8M USD109.9M USD
Operating income261.9M USD259.9M USD256.4M USD341M USD307.2M USD
Net income−167.1M USD−430.3M USD−5.4M USD211.6M USD118.1M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+75.17%
11 comparable reports
Latest EPS result
1.74
Estimate 1.33 · Beat by 30.83%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.861.320.780.25Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual 0.95, estimate 0.29, surprise +227.59%, Beat. Q2 2025, reported May 5, 2025: actual 0.99, estimate 0.74, surprise +33.78%, Beat. Q3 2025, reported Aug 4, 2025: actual 1.39, estimate 1.02, surprise +36.27%, Beat. Q4 2025, reported Nov 5, 2025: actual 1.31, estimate 0.68, surprise +92.65%, Beat. Q1 2026, reported Feb 25, 2026: actual 0.58, estimate 0.665, surprise -12.78%, Miss. Q2 2026, reported May 6, 2026: actual 1.15, estimate 0.84, surprise +36.90%, Beat. Q3 2026, reported Jul 29, 2026: actual 1.74, estimate 1.33, surprise +30.83%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 1.56, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates386.88M337.87M288.86M239.85MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual 298.8M USD, estimate 328.2M USD, surprise -8.96%, Miss. Q2 2025, reported May 5, 2025: actual 284M USD, estimate 285.47M USD, surprise -0.51%, Miss. Q3 2025, reported Aug 4, 2025: actual 365.1M USD, estimate 372M USD, surprise -1.85%, Miss. Q4 2025, reported Nov 5, 2025: actual 333.1M USD, estimate 257.27M USD, surprise +29.48%, Beat. Q1 2026, reported Feb 25, 2026: actual 255.1M USD, estimate 257.27M USD, surprise -0.84%, Miss. Q2 2026, reported May 6, 2026: actual 258M USD, estimate 254.73M USD, surprise +1.28%, Beat. Q3 2026, reported Jul 29, 2026: actual 314.1M USD, estimate 312.2M USD, surprise +0.61%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 304.6M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$82.50

17.40% upside
Past 12 months12-month forecastHigh $83.00Average $82.50Low $82.00

Rating distribution

13 ratings
Strong buy00%
Buy1077%
Hold323%
Sell00%
Strong sell00%

NGVT peers

ETFs holding NGVT

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research NGVT

research.disclaimer