Ecovyst Inc logo

Ecovyst Inc(ECVT)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$10.33
09/23/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for ECVT

09/23/2026: ECVT (2-star) is currently NOT-A-BUY. Pass it for now.

Ecovyst Inc is a specialty chemicals company providing essential catalyst technologies and refinery services that enable cleaner energy and industrial production. Its primary business strength lies in its critical, long-term relationships with the refining industry and high-barrier-to-entry service contracts. The company's main growth opportunity involves shifting its catalyst expertise toward the emerging renewable fuels market. However, investors must monitor risks related to the long-term energy transition and the cyclical nature of its primary refining customers. The stock may suit value-oriented investors seeking niche industrial exposure, though it remains sensitive to broader energy market volatility and requires careful monitoring of contract renewal performance.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers moderate growth potential linked to environmental service demand rather than high-growth disruption.
Momentum investorMixed fitMomentum depends on positive sector-wide refinery margin trends and strong execution on contract renewals.
Value investorStrong fitThe company's niche positioning and consistent cash flows often attract value investors looking for steady industrial assets.
Dividend investorMixed fitEcovyst is currently focused more on capital allocation flexibility than a high-yield dividend strategy.
Low-risk investorMixed fitWhile its services are essential, exposure to the cyclical refining and energy market creates inherent volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumThe stock price is sensitive to energy market fluctuations and macroeconomic shifts.
Valuation riskMediumValuation is tied to the successful execution of high-margin catalyst strategies.
Competition risk (Refining/Chemicals)Medium / highCompetition from larger, diversified chemical firms can put pressure on margins.
Business qualityMediumThe company has a strong, defensible niche but faces long-term risks from energy transition.
Dividend incomeLowDividends are not the primary feature of this equity investment.
Execution riskMediumMaintaining operational safety and regulatory compliance is paramount for the Ecoservices business.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -26.89%
Avg. Invested days 40
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/23/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
ECVT receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
ECVT has moderate overall fundamentals (3 stars), with moderate financial health, soft growth momentum, and solid ownership. In FY2025 versus FY2024, solid cash generation (FCF margin 9.7%) is partially offset by negative earnings growth (-969.2%), moderate revenue growth (+2.7%), soft profitability (net margin -9.8%).

Financial Health Rating

★★★★★
ECVT's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 15.7%). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is ECVT's strongest growth driver at +2.7% FY2025 versus FY2024 (moderate, 3 stars). By comparison, while earnings growth (-969.2%, negative) and free-cash-flow growth (-25.9%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 103.1% and approximately 90.6% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.88% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Rubric Capital Management LP 8.35%
BlackRock Inc 7.98%
Dimensional Fund Advisors, Inc. 6.02%
Hotchkis & Wiley Capital Management LLC 4.95%
Vanguard Portfolio Management, LLC 4.79%

Unit Economics (Per $1K Revenue)

★★★★★
ECVT generates approximately $218 of gross profit, $108 of operating income, and $97 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 75.61%

Quantitative Style Profile

★★★★★
ECVT has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Small / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.14B USD
Price to earnings Ratio 45.43
1Y Target Price 15.17
Price to earnings Ratio 45.43
1Y Target Price 15.17
Volume (30-day avg) 1.3M shares
Beta 1.08
52 Weeks Range 7.41 - 15.09
Updated Date 09/23/2026
52 Weeks Range 7.41 - 15.09
Updated Date 09/23/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.23

How Company Makes Money

Business areaWhat it includesRetail investor read
EcoservicesSulfuric acid regeneration and related refinery services.This is a recurring-revenue, service-based business that helps refineries operate cleanly.
Catalyst TechnologiesSpecialized silica and zeolite catalysts for chemical production.This business sells high-performance chemical components used to make plastics and industrial products.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 45.43
Forward PE 13.53
Enterprise Value 1.60B
Price to Sales(TTM) 1.32
Enterprise Value 1.60B
Price to Sales(TTM) 1.32
Enterprise Value to Revenue 1.84
Enterprise Value to EBITDA 10.05
Shares Outstanding 109.47M
Shares Floating 99.15M
Shares Outstanding 109.47M
Shares Floating 99.15M
Percent Insiders 1.88
Percent Institutions 103.15

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Ecovyst Inc

Exchange NYSE
Headquarters Wayne, PA, United States
IPO Launch date 2021-08-03
CEO & Director Mr. Kurt J. Bitting
Sector Basic Materials
Industry Specialty Chemicals
Full time employees 617
Full time employees 617

Ecovyst Inc. offers virgin and regenerated sulfuric acid products and services in the United States and internationally. It offers end-to-end logistics for production of alkylate for refineries mining, water treatment, and industrial applications. The company was formerly known as PQ Group Holdings Inc. and changed its name to Ecovyst Inc. in August 2021. Ecovyst Inc. was founded in 1831 and is headquartered in Wayne, Pennsylvania.