Short answer
Ecovyst Inc. (ECVT) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $724M (+2.7% year over year) and net income of −$71M.
FY2025 key financial metrics · XBRL
- Revenue
- $724M
- +2.7% YoY
- Net income
- −$71M
- −969.2% YoY
- Operating margin
- 9.0%
- −5.0 pp YoY
- Gross margin
- 21.8%
- −6.8 pp YoY
- EPS (diluted)
- −$0.61
- −916.7% YoY
- ROE
- -11.8%
- −10.8 pp YoY
- Operating cash flow
- $140M
- −6.4% YoY
Source: XBRL data from the Ecovyst Inc. (ECVT) FY2025 10-K on SEC EDGAR. USD.
Ecovyst Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: integrated provider of virgin and regenerated sulfuric acid products and related services focused on refinery customers and industrial applications
- Divested Advanced Materials & Catalysts segment for $556M, refocusing exclusively on sulfuric acid and related services
- Strategic expansion of sulfuric acid capacity via May 2025 acquisition of Cornerstone Chemical assets in Louisiana
- Sales grew to $723.5M in 2025 from $598.3M in 2024, driven by 58.2% increase in Industrial, Mining & Automotive segment sales
- Achieved EcoVadis Gold Sustainability Rating in 2025, top 5% of assessed companies, highlighting expanded sustainability commitment and reporting
Management Discussion & Analysis
- Revenue $723.5M in 2025, up 20.9% YoY (+$125.2M) from $598.3M in 2024, driven by higher prices (+$97.9M) and sales volume (+$27.3M)
- Operating margin declined to 9.0% in 2025 from 14.2% in 2024; operating income $64.9M vs $85.1M, down 23.7% due to higher costs and expenses
- Best segment: Virgin sulfuric acid sales increased, partially from Waggaman acquisition; worst: regenerated sulfuric acid volume decreased due to downtime
- Interest expense decreased to $34.2M in 2025 from $36.5M in 2024; incurred $5.5M debt modification/extinguishment costs; Adjusted EBITDA stable at $172.0M (-0.4%)
- Management flagged risks from inflation, maintenance, restructuring costs; expects continuing demand but cautions on cost pressures and operational downtime impacts
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