Ingevity Corporation (NGVT) 10-Year Financial Performance & Capital Metrics

NGVT • • Industrial / General

Basic MaterialsSpecialty ChemicalsActivated Carbon & Purification MaterialsActivated Carbon Producers

AboutIngevity Corporation manufactures and sells specialty chemicals and activated carbon materials in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. The company operates through two segments, Performance Materials and Performance Chemicals. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products primarily for use in gasoline vapor emission control systems in cars, motorcycles, trucks, and boats. This segment also produces other activated carbon products for use in various applications, including food, water, beverage, and chemical purification. The Performance Chemicals segment comprises of pavement technologies, industrial specialties, and engineered polymers. It manufactures products derived from crude tall oil and lignin extracted from the kraft pulping process, as well as caprolactone monomers and derivatives derived from cyclohexanone and hydrogen peroxide. This segment's products are used in various applications comprising warm mix paving, pavement preservation, pavement reconstruction and recycling, oil well service additives, oil production, and downstream applications; and adhesives, agrochemical dispersants, lubricants, printing inks, industrial intermediates and oilfield, coatings, resins, elastomers, bioplastics, and medical devices. Ingevity Corporation was founded in 1964 and is headquartered in North Charleston, South Carolina.Show more

Revenue $1.41B -16.9%
EBITDA $368M -2.9%
Net Income -$430M -7868.5%
EPS (Diluted) -11.85 -7800.0%
Gross Margin 32.33% +15.9%
EBITDA Margin 26.18% +16.8%
Operating Margin 18.48% +22.0%
Net Margin -30.6% -9488.2%
ROE -104.11% -12718.7%
ROIC 10.68% +17.2%
Debt/Equity 7.45 +206.6%
Interest Coverage 2.66 -3.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 83 (top 17%)
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 7.5x
✗Thin 5Y average net margin of 1.0%
✗Expensive at 12.5x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.05%

5Y1.7%

3Y0.36%

TTM-13.41%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM88.31%

EPS CAGR

10Y-

5Y-

3Y-

TTM88.22%

ROCE

10Y Avg19.89%

5Y Avg13.21%

3Y Avg12.86%

Latest12.93%

Peer Comparison

Activated Carbon Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ODCOil-Dri Corporation of America	557.58M	53.91	14.34	10.97%	10.73%	19.25%	8.54%	0.21
CNEYCN ENERGY GROUP INC.	2.65M	0.53	-0.01	-11.99%	-8.35%	-8.37%
NGVTIngevity Corporation	2.41B	66.93	-5.65	-16.88%	-5.14%	-47.72%	2.12%	7.45

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	968M	908.3M	972.4M	1.13B	1.29B	1.22B	1.39B	1.67B	1.69B	1.41B
Revenue Growth %	-0.07%	-0.06%	0.07%	0.17%	0.14%	-0.06%	0.14%	0.2%	0.01%	-0.17%
Cost of Goods Sold+	687M	633.9M	643.4M	716.8M	810.9M	750.6M	878.7M	1.1B	1.22B	951.7M
COGS % of Revenue	0.71%	0.7%	0.66%	0.63%	0.63%	0.62%	0.63%	0.66%	0.72%	0.68%
Gross Profit+	281M	274.4M	329M	416.8M	482M	465.5M	512.8M	570.1M	471.9M	454.7M
Gross Margin %	0.29%	0.3%	0.34%	0.37%	0.37%	0.38%	0.37%	0.34%	0.28%	0.32%
Gross Profit Growth %	-0.13%	-0.02%	0.2%	0.27%	0.16%	-0.03%	0.1%	0.11%	-0.17%	-0.04%
Operating Expenses+	114M	114M	126.2M	153.9M	182.8M	465.5M	205.6M	229.1M	215.5M	194.8M
OpEx % of Revenue	0.12%	0.13%	0.13%	0.14%	0.14%	0.38%	0.15%	0.14%	0.13%	0.14%
Selling, General & Admin	114M	114M	106.4M	132.4M	163.1M	149.4M	179.3M	198.8M	183.7M	166.7M
SG&A % of Revenue	0.12%	0.13%	0.11%	0.12%	0.13%	0.12%	0.13%	0.12%	0.11%	0.12%
Research & Development	6.9M	7.6M	19.8M	21.5M	19.7M	22.6M	26.3M	30.3M	31.8M	28.1M
R&D % of Revenue	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Other Operating Expenses	10M	3.2M	-500K	-1M	0	293.5M	0	0	0	0
Operating Income+	167M	160.4M	202.8M	262.9M	327.9M	0	307.2M	341M	256.4M	259.9M
Operating Margin %	0.17%	0.18%	0.21%	0.23%	0.25%	-	0.22%	0.2%	0.15%	0.18%
Operating Income Growth %	-0.21%	-0.04%	0.26%	0.3%	0.25%	-1%	-	0.11%	-0.25%	0.01%
EBITDA+	202M	199.2M	243.2M	319.9M	412.9M	382.4M	417.1M	449.8M	379.2M	368.2M
EBITDA Margin %	0.21%	0.22%	0.25%	0.28%	0.32%	0.31%	0.3%	0.27%	0.22%	0.26%
EBITDA Growth %	-0.17%	-0.01%	0.22%	0.32%	0.29%	-0.07%	0.09%	0.08%	-0.16%	-0.03%
D&A (Non-Cash Add-back)	35M	38.8M	40.4M	57M	85M	100.2M	109.9M	108.8M	122.8M	108.3M
EBIT	165.3M	160.4M	202.7M	262.8M	283.7M	282.2M	214.5M	331.4M	83.2M	-437.8M
Net Interest Income+	-20.1M	-17.9M	-15.8M	-29.8M	-46.9M	-42.2M	-47.7M	-56M	-87M	-90.9M
Interest Income	0	1.4M	2.3M	3.4M	8.9M	4.9M	4M	5.8M	6.3M	6.9M
Interest Expense	20.1M	19.3M	18.1M	33.2M	55.8M	47.1M	51.7M	61.8M	93.3M	97.8M
Other Income/Expense	-28.8M	-73.4M	-28M	-41.1M	-71.3M	235.1M	-144.4M	-71.4M	-266.5M	-795.5M
Pretax Income+	138M	87M	174.8M	221.8M	227.9M	235.1M	162.8M	269.6M	-10.1M	-535.6M
Pretax Margin %	0.14%	0.1%	0.18%	0.2%	0.18%	0.19%	0.12%	0.16%	-0.01%	-0.38%
Income Tax+	53M	42.6M	29.8M	40M	44.2M	53.7M	44.7M	58M	-4.7M	-105.3M
Effective Tax Rate %	0.58%	0.4%	0.72%	0.76%	0.81%	0.77%	0.73%	0.78%	0.53%	0.8%
Net Income+	80M	35.2M	126.3M	169.1M	183.7M	181.4M	118.1M	211.6M	-5.4M	-430.3M
Net Margin %	0.08%	0.04%	0.13%	0.15%	0.14%	0.15%	0.08%	0.13%	-0%	-0.31%
Net Income Growth %	-0.38%	-0.56%	2.59%	0.34%	0.09%	-0.01%	-0.35%	0.79%	-1.03%	-78.69%
Net Income (Continuing)	84.3M	44.4M	145.2M	181.8M	183.7M	181.4M	118.1M	211.6M	-5.4M	-430.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	5M	7.6M	14M	0	0	0	0	0	0	0
EPS (Diluted)+	1.89	0.83	2.97	3.97	4.35	4.37	2.95	5.50	-0.15	-11.85
EPS Growth %	-0.38%	-0.56%	2.58%	0.34%	0.1%	0%	-0.32%	0.86%	-1.03%	-78%
EPS (Basic)	1.89	0.83	3.00	4.03	4.39	4.39	2.97	5.54	-0.15	-11.85
Diluted Shares Outstanding	42.07M	42.3M	42.5M	42.6M	42.2M	41.55M	40.06M	38.47M	36.5M	36.32M
Basic Shares Outstanding	42.07M	42.1M	42.1M	42M	41.8M	41.3M	39.8M	38.47M	36.5M	36.32M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	299M	295.2M	369.3M	422.7M	463.2M	628.7M	724.9M	683.3M	658.6M	493.2M
Cash & Short-Term Investments	32M	30.5M	87.9M	77.5M	56.5M	257.7M	275.4M	76.7M	95.9M	68M
Cash Only	32M	30.5M	87.9M	77.5M	56.5M	257.7M	275.4M	76.7M	95.9M	68M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	95.2M	95.4M	102.4M	124M	156.2M	166.7M	191.4M	249.3M	211M	172M
Days Sales Outstanding	35.9	38.34	38.44	39.93	44.1	50.03	50.21	54.54	45.51	44.64
Inventory	151M	151.2M	160M	191.4M	212.5M	189M	241.2M	335M	308.8M	226.8M
Days Inventory Outstanding	80.23	87.06	90.77	97.46	95.65	91.91	100.19	111.34	92.37	86.98
Other Current Assets	17.5M	21.4M	16.9M	26.6M	34.6M	6.8M	7.1M	12.5M	33.4M	18.2M
Total Non-Current Assets+	483M	537.6M	561M	892.5M	1.68B	1.71B	1.74B	2.05B	1.96B	1.53B
Property, Plant & Equipment	438M	422.7M	438.5M	523.8M	664.7M	752.7M	772.1M	855.2M	829.3M	709.3M
Fixed Asset Turnover	2.21x	2.15x	2.22x	2.16x	1.95x	1.62x	1.80x	1.95x	2.04x	1.98x
Goodwill	12M	12.4M	12.4M	130.7M	439M	445.3M	442M	518.5M	527.5M	175.2M
Intangible Assets	21M	18.1M	23.4M	125.6M	396.2M	397.3M	378.7M	455.8M	385.3M	323.9M
Long-Term Investments	0	69.7M	71.3M	71.2M	72.6M	0	35.3M	109.8M	99.2M	87.3M
Other Non-Current Assets	12M	11.3M	12M	38.3M	103.7M	102.4M	109.2M	108.2M	111.8M	115.2M
Total Assets+	782M	832.8M	930.3M	1.32B	2.14B	2.33B	2.47B	2.74B	2.62B	2.02B
Asset Turnover	1.24x	1.09x	1.05x	0.86x	0.60x	0.52x	0.56x	0.61x	0.65x	0.70x
Asset Growth %	0.09%	0.06%	0.12%	0.41%	0.63%	0.09%	0.06%	0.11%	-0.04%	-0.23%
Total Current Liabilities+	97M	136.9M	154M	183.3M	215.5M	223.4M	268.9M	303.5M	362.9M	264.1M
Accounts Payable	64.8M	79.2M	83.1M	92.9M	99.1M	104.2M	125.8M	174.8M	158.4M	94.5M
Days Payables Outstanding	34.43	45.6	47.14	47.31	44.61	50.67	52.26	58.1	47.38	36.24
Short-Term Debt	9.4M	7.5M	9.4M	11.2M	39.6M	26M	19.6M	900K	84.4M	61.3M
Deferred Revenue (Current)	0	1000K	1000K	1000K	-1000K	0	0	0	0	0
Other Current Liabilities	14.8M	24.6M	21.5M	37.2M	16.2M	1.1M	1.1M	6.9M	15.1M	500K
Current Ratio	3.08x	2.16x	2.40x	2.31x	2.15x	2.81x	2.70x	2.25x	1.81x	1.87x
Quick Ratio	1.53x	1.05x	1.36x	1.26x	1.16x	1.97x	1.80x	1.15x	0.96x	1.01x
Cash Conversion Cycle	81.69	79.79	82.06	90.08	95.14	91.27	98.14	107.79	90.5	95.38
Total Non-Current Liabilities+	163M	561.3M	498.6M	792.3M	1.4B	1.47B	1.53B	1.73B	1.63B	1.56B
Long-Term Debt	80M	481.3M	444M	741.2M	1.15B	1.27B	1.25B	1.47B	1.38B	1.24B
Capital Lease Obligations	80M	80M	80M	73.9M	36.7M	34.7M	36.2M	40.8M	48.6M	135.7M
Deferred Tax Liabilities	76M	69.8M	41.3M	37.2M	103M	117M	114.6M	106.5M	70.9M	56.2M
Other Non-Current Liabilities	1.5M	-69.8M	-66.8M	-59.1M	109.9M	49.9M	125.5M	114.9M	126.7M	130.6M
Total Liabilities	260M	698.2M	652.6M	975.6M	1.61B	1.69B	1.8B	2.04B	1.99B	1.83B
Total Debt+	89M	481.3M	444M	741.2M	1.23B	1.34B	1.32B	1.53B	1.53B	1.45B
Net Debt	57M	450.8M	356.1M	663.7M	1.17B	1.09B	1.05B	1.45B	1.44B	1.39B
Debt / Equity	0.17x	3.38x	1.52x	2.18x	2.31x	2.09x	1.96x	2.19x	2.43x	7.45x
Debt / EBITDA	0.44x	2.42x	1.83x	2.32x	2.98x	3.52x	3.17x	3.40x	4.05x	3.95x
Net Debt / EBITDA	0.28x	2.26x	1.46x	2.07x	2.84x	2.84x	2.51x	3.23x	3.79x	3.77x
Interest Coverage	8.31x	8.31x	11.20x	7.92x	5.88x	-	5.94x	5.52x	2.75x	2.66x
Total Equity+	522M	142.2M	291.7M	339.6M	530.8M	642.1M	673.8M	698.3M	631.4M	195.2M
Equity Growth %	0.24%	-0.73%	1.05%	0.16%	0.56%	0.21%	0.05%	0.04%	-0.1%	-0.69%
Book Value per Share	12.41	3.36	6.86	7.97	12.58	15.45	16.82	18.15	17.30	5.37
Total Shareholders' Equity	517M	134.6M	277.7M	339.6M	530.8M	642.1M	673.8M	698.3M	631.4M	195.2M
Common Stock	530.1M	400K	400K	400K	400K	400K	400K	400K	400K	400K
Retained Earnings	0	16M	142.8M	313.5M	497.2M	678M	796.1M	1.01B	1B	572M
Treasury Stock	0	-300K	-7.7M	-55.8M	-74.6M	-162.3M	-272.1M	-416M	-509.5M	-512.6M
Accumulated OCI	-17M	-19M	-11.7M	-17.7M	-5M	4.7M	13.1M	-46.8M	-26.7M	-41.4M
Minority Interest	5M	7.6M	14M	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	73M	127.9M	174.3M	252M	275.7M	352.4M	293.3M	313.4M	205.1M	128.6M
Operating CF Margin %	0.08%	0.14%	0.18%	0.22%	0.21%	0.29%	0.21%	0.19%	0.12%	0.09%
Operating CF Growth %	-0.49%	0.75%	0.36%	0.45%	0.09%	0.28%	-0.17%	0.07%	-0.35%	-0.37%
Net Income	85M	44.4M	145.2M	181.8M	183.7M	181.4M	118.1M	211.6M	-5.4M	-430.3M
Depreciation & Amortization	35M	38.8M	40.4M	57M	85M	100.2M	109.9M	108.8M	122.8M	108.3M
Stock-Based Compensation	2.3M	4.7M	10.1M	12.5M	12.3M	8.4M	12.3M	16.1M	10.6M	11.9M
Deferred Taxes	10M	-7.9M	-25.7M	900K	14.8M	16.2M	-4.6M	-5M	-44.7M	-121.4M
Other Non-Cash Items	9M	34.1M	7.6M	9.5M	13.1M	34.4M	27.1M	48.4M	262.5M	560.3M
Working Capital Changes	-61M	13.8M	-3.3M	-9.7M	-33.2M	11.8M	30.5M	-66.5M	-140.7M	-200K
Change in Receivables	9M	5.7M	-9.5M	-3M	-15.3M	2.8M	-13.8M	-42.1M	42.7M	38.2M
Change in Inventory	-25M	-2.2M	-6.6M	-26.9M	500K	22.3M	-55.8M	-63.7M	-75.6M	86.2M
Change in Payables	-22M	-1.5M	1.7M	5.7M	-6.2M	9.4M	14.8M	42.7M	-14.6M	-63.4M
Cash from Investing+	-90M	-126.4M	-58.6M	-414.4M	-658.3M	-110.6M	-138.6M	-551.9M	-77.3M	-79.5M
Capital Expenditures	-102M	-56.7M	-52.6M	-93.9M	-114.8M	-23.8M	-103.8M	-142.5M	-109.8M	-77.6M
CapEx % of Revenue	0.11%	0.06%	0.05%	0.08%	0.09%	0.02%	0.07%	0.09%	0.06%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1M	-69.7M	-3M	-4.1M	-118.4M	-86.8M	500K	-2.2M	3.4M	-1.6M
Cash from Financing+	27M	-3.4M	-57.8M	153.7M	369.2M	-50.2M	-133.1M	48.1M	-99.9M	-70.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	25.7M	-405.6M	-11.8M	-100.3M	4M	-10.6M	2.3M	-5.7M	-500K	-3.1M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-29M	71.2M	121.7M	158.1M	160.9M	246.5M	189.5M	170.9M	95.3M	51M
FCF Margin %	-0.03%	0.08%	0.13%	0.14%	0.12%	0.2%	0.14%	0.1%	0.06%	0.04%
FCF Growth %	-1.69%	3.46%	0.71%	0.3%	0.02%	0.53%	-0.23%	-0.1%	-0.44%	-0.46%
FCF per Share	-0.69	1.68	2.86	3.71	3.81	5.93	4.73	4.44	2.61	1.40
FCF Conversion (FCF/Net Income)	0.91x	3.63x	1.38x	1.49x	1.50x	1.94x	2.48x	1.48x	-37.98x	-0.30x
Interest Paid	6.5M	15.1M	16M	26M	48M	39.6M	47.5M	54.8M	82.7M	85.4M
Taxes Paid	1.4M	22.4M	61.9M	34.8M	14.9M	46.6M	53.7M	54.8M	29.7M	26.9M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.99%	10.6%	58.22%	53.57%	42.21%	30.93%	17.95%	30.84%	-0.81%	-104.11%
Return on Invested Capital (ROIC)	23.46%	20.53%	24.52%	23.88%	18.18%	-	13.36%	13.2%	9.11%	10.68%
Gross Margin	29.03%	30.21%	33.83%	36.77%	37.28%	38.28%	36.85%	34.17%	27.89%	32.33%
Net Margin	8.26%	3.88%	12.99%	14.92%	14.21%	14.92%	8.49%	12.68%	-0.32%	-30.6%
Debt / Equity	0.17x	3.38x	1.52x	2.18x	2.31x	2.09x	1.96x	2.19x	2.43x	7.45x
Interest Coverage	8.31x	8.31x	11.20x	7.92x	5.88x	-	5.94x	5.52x	2.75x	2.66x
FCF Conversion	0.91x	3.63x	1.38x	1.49x	1.50x	1.94x	2.48x	1.48x	-37.98x	-0.30x
Revenue Growth	-7.01%	-6.17%	7.06%	16.58%	14.05%	-5.94%	14.42%	19.89%	1.43%	-16.88%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Performance Materials	301M	698.6M	400.4M	490.6M	510M	516.8M	548.5M	586M	609.6M
Performance Materials Growth	-	132.09%	-42.69%	22.53%	3.95%	1.33%	6.13%	6.84%	4.03%
Performance Chemicals	-	1.25B	733.2M	802.3M	706.1M	874.7M	1.12B	902.1M	608.2M
Performance Chemicals Growth	-	-	-41.17%	9.42%	-11.99%	23.88%	28.02%	-19.44%	-32.58%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	597.8M	662.9M	770.4M	795.7M	676.9M	763.3M	983.2M	1.07B	820.9M
North America Growth	-	10.89%	16.22%	3.28%	-14.93%	12.76%	28.81%	8.78%	-23.24%
Asia Pacific	138.8M	142.5M	171.4M	281.4M	345.4M	385.5M	398.7M	364M	346M
Asia Pacific Growth	-	2.67%	20.28%	64.18%	22.74%	11.61%	3.42%	-8.70%	-4.95%
Europe, Middle East, and Africa	-	-	169.9M	193.6M	174.9M	219.6M	242.2M	215.5M	187M
Europe, Middle East, and Africa Growth	-	-	-	13.95%	-9.66%	25.56%	10.29%	-11.02%	-13.23%
South America	20.6M	17.8M	21.9M	22.2M	18.9M	23.1M	44.2M	43.1M	52.5M
South America Growth	-	-13.59%	23.03%	1.37%	-14.86%	22.22%	91.34%	-2.49%	21.81%
EMEA	151.1M	149.2M	-	-	-	-	-	-	-
EMEA Growth	-	-1.26%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Ingevity Corporation (NGVT) reported $1.28B in revenue for fiscal year 2024. This represents a 31% increase from $980.0M in 2013.

Ingevity Corporation (NGVT) saw revenue decline by 16.9% over the past year.

Ingevity Corporation (NGVT) reported a net loss of $65.9M for fiscal year 2024.

Dividend & Returns

Ingevity Corporation (NGVT) has a return on equity (ROE) of -104.1%. Negative ROE indicates the company is unprofitable.

Ingevity Corporation (NGVT) generated $239.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Ingevity Corporation (NGVT) 10-Year Financial Performance & Capital Metrics

NGVT • • Industrial / General

Basic MaterialsSpecialty ChemicalsActivated Carbon & Purification MaterialsActivated Carbon Producers

Revenue $1.41B -16.9%
EBITDA $368M -2.9%
Net Income -$430M -7868.5%
EPS (Diluted) -11.85 -7800.0%
Gross Margin 32.33% +15.9%
EBITDA Margin 26.18% +16.8%
Operating Margin 18.48% +22.0%
Net Margin -30.6% -9488.2%
ROE -104.11% -12718.7%
ROIC 10.68% +17.2%
Debt/Equity 7.45 +206.6%
Interest Coverage 2.66 -3.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 83 (top 17%)
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 7.5x
✗Thin 5Y average net margin of 1.0%
✗Expensive at 12.5x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y3.05%

5Y1.7%

3Y0.36%

TTM-13.41%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM88.31%

EPS CAGR

10Y-

5Y-

3Y-

TTM88.22%

ROCE

10Y Avg19.89%

5Y Avg13.21%

3Y Avg12.86%

Latest12.93%

Peer Comparison

Activated Carbon Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ODCOil-Dri Corporation of America	557.58M	53.91	14.34	10.97%	10.73%	19.25%	8.54%	0.21
CNEYCN ENERGY GROUP INC.	2.65M	0.53	-0.01	-11.99%	-8.35%	-8.37%
NGVTIngevity Corporation	2.41B	66.93	-5.65	-16.88%	-5.14%	-47.72%	2.12%	7.45

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	968M	908.3M	972.4M	1.13B	1.29B	1.22B	1.39B	1.67B	1.69B	1.41B
Revenue Growth %	-0.07%	-0.06%	0.07%	0.17%	0.14%	-0.06%	0.14%	0.2%	0.01%	-0.17%
Cost of Goods Sold+	687M	633.9M	643.4M	716.8M	810.9M	750.6M	878.7M	1.1B	1.22B	951.7M
COGS % of Revenue	0.71%	0.7%	0.66%	0.63%	0.63%	0.62%	0.63%	0.66%	0.72%	0.68%
Gross Profit+	281M	274.4M	329M	416.8M	482M	465.5M	512.8M	570.1M	471.9M	454.7M
Gross Margin %	0.29%	0.3%	0.34%	0.37%	0.37%	0.38%	0.37%	0.34%	0.28%	0.32%
Gross Profit Growth %	-0.13%	-0.02%	0.2%	0.27%	0.16%	-0.03%	0.1%	0.11%	-0.17%	-0.04%
Operating Expenses+	114M	114M	126.2M	153.9M	182.8M	465.5M	205.6M	229.1M	215.5M	194.8M
OpEx % of Revenue	0.12%	0.13%	0.13%	0.14%	0.14%	0.38%	0.15%	0.14%	0.13%	0.14%
Selling, General & Admin	114M	114M	106.4M	132.4M	163.1M	149.4M	179.3M	198.8M	183.7M	166.7M
SG&A % of Revenue	0.12%	0.13%	0.11%	0.12%	0.13%	0.12%	0.13%	0.12%	0.11%	0.12%
Research & Development	6.9M	7.6M	19.8M	21.5M	19.7M	22.6M	26.3M	30.3M	31.8M	28.1M
R&D % of Revenue	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Other Operating Expenses	10M	3.2M	-500K	-1M	0	293.5M	0	0	0	0
Operating Income+	167M	160.4M	202.8M	262.9M	327.9M	0	307.2M	341M	256.4M	259.9M
Operating Margin %	0.17%	0.18%	0.21%	0.23%	0.25%	-	0.22%	0.2%	0.15%	0.18%
Operating Income Growth %	-0.21%	-0.04%	0.26%	0.3%	0.25%	-1%	-	0.11%	-0.25%	0.01%
EBITDA+	202M	199.2M	243.2M	319.9M	412.9M	382.4M	417.1M	449.8M	379.2M	368.2M
EBITDA Margin %	0.21%	0.22%	0.25%	0.28%	0.32%	0.31%	0.3%	0.27%	0.22%	0.26%
EBITDA Growth %	-0.17%	-0.01%	0.22%	0.32%	0.29%	-0.07%	0.09%	0.08%	-0.16%	-0.03%
D&A (Non-Cash Add-back)	35M	38.8M	40.4M	57M	85M	100.2M	109.9M	108.8M	122.8M	108.3M
EBIT	165.3M	160.4M	202.7M	262.8M	283.7M	282.2M	214.5M	331.4M	83.2M	-437.8M
Net Interest Income+	-20.1M	-17.9M	-15.8M	-29.8M	-46.9M	-42.2M	-47.7M	-56M	-87M	-90.9M
Interest Income	0	1.4M	2.3M	3.4M	8.9M	4.9M	4M	5.8M	6.3M	6.9M
Interest Expense	20.1M	19.3M	18.1M	33.2M	55.8M	47.1M	51.7M	61.8M	93.3M	97.8M
Other Income/Expense	-28.8M	-73.4M	-28M	-41.1M	-71.3M	235.1M	-144.4M	-71.4M	-266.5M	-795.5M
Pretax Income+	138M	87M	174.8M	221.8M	227.9M	235.1M	162.8M	269.6M	-10.1M	-535.6M
Pretax Margin %	0.14%	0.1%	0.18%	0.2%	0.18%	0.19%	0.12%	0.16%	-0.01%	-0.38%
Income Tax+	53M	42.6M	29.8M	40M	44.2M	53.7M	44.7M	58M	-4.7M	-105.3M
Effective Tax Rate %	0.58%	0.4%	0.72%	0.76%	0.81%	0.77%	0.73%	0.78%	0.53%	0.8%
Net Income+	80M	35.2M	126.3M	169.1M	183.7M	181.4M	118.1M	211.6M	-5.4M	-430.3M
Net Margin %	0.08%	0.04%	0.13%	0.15%	0.14%	0.15%	0.08%	0.13%	-0%	-0.31%
Net Income Growth %	-0.38%	-0.56%	2.59%	0.34%	0.09%	-0.01%	-0.35%	0.79%	-1.03%	-78.69%
Net Income (Continuing)	84.3M	44.4M	145.2M	181.8M	183.7M	181.4M	118.1M	211.6M	-5.4M	-430.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	5M	7.6M	14M	0	0	0	0	0	0	0
EPS (Diluted)+	1.89	0.83	2.97	3.97	4.35	4.37	2.95	5.50	-0.15	-11.85
EPS Growth %	-0.38%	-0.56%	2.58%	0.34%	0.1%	0%	-0.32%	0.86%	-1.03%	-78%
EPS (Basic)	1.89	0.83	3.00	4.03	4.39	4.39	2.97	5.54	-0.15	-11.85
Diluted Shares Outstanding	42.07M	42.3M	42.5M	42.6M	42.2M	41.55M	40.06M	38.47M	36.5M	36.32M
Basic Shares Outstanding	42.07M	42.1M	42.1M	42M	41.8M	41.3M	39.8M	38.47M	36.5M	36.32M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	299M	295.2M	369.3M	422.7M	463.2M	628.7M	724.9M	683.3M	658.6M	493.2M
Cash & Short-Term Investments	32M	30.5M	87.9M	77.5M	56.5M	257.7M	275.4M	76.7M	95.9M	68M
Cash Only	32M	30.5M	87.9M	77.5M	56.5M	257.7M	275.4M	76.7M	95.9M	68M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	95.2M	95.4M	102.4M	124M	156.2M	166.7M	191.4M	249.3M	211M	172M
Days Sales Outstanding	35.9	38.34	38.44	39.93	44.1	50.03	50.21	54.54	45.51	44.64
Inventory	151M	151.2M	160M	191.4M	212.5M	189M	241.2M	335M	308.8M	226.8M
Days Inventory Outstanding	80.23	87.06	90.77	97.46	95.65	91.91	100.19	111.34	92.37	86.98
Other Current Assets	17.5M	21.4M	16.9M	26.6M	34.6M	6.8M	7.1M	12.5M	33.4M	18.2M
Total Non-Current Assets+	483M	537.6M	561M	892.5M	1.68B	1.71B	1.74B	2.05B	1.96B	1.53B
Property, Plant & Equipment	438M	422.7M	438.5M	523.8M	664.7M	752.7M	772.1M	855.2M	829.3M	709.3M
Fixed Asset Turnover	2.21x	2.15x	2.22x	2.16x	1.95x	1.62x	1.80x	1.95x	2.04x	1.98x
Goodwill	12M	12.4M	12.4M	130.7M	439M	445.3M	442M	518.5M	527.5M	175.2M
Intangible Assets	21M	18.1M	23.4M	125.6M	396.2M	397.3M	378.7M	455.8M	385.3M	323.9M
Long-Term Investments	0	69.7M	71.3M	71.2M	72.6M	0	35.3M	109.8M	99.2M	87.3M
Other Non-Current Assets	12M	11.3M	12M	38.3M	103.7M	102.4M	109.2M	108.2M	111.8M	115.2M
Total Assets+	782M	832.8M	930.3M	1.32B	2.14B	2.33B	2.47B	2.74B	2.62B	2.02B
Asset Turnover	1.24x	1.09x	1.05x	0.86x	0.60x	0.52x	0.56x	0.61x	0.65x	0.70x
Asset Growth %	0.09%	0.06%	0.12%	0.41%	0.63%	0.09%	0.06%	0.11%	-0.04%	-0.23%
Total Current Liabilities+	97M	136.9M	154M	183.3M	215.5M	223.4M	268.9M	303.5M	362.9M	264.1M
Accounts Payable	64.8M	79.2M	83.1M	92.9M	99.1M	104.2M	125.8M	174.8M	158.4M	94.5M
Days Payables Outstanding	34.43	45.6	47.14	47.31	44.61	50.67	52.26	58.1	47.38	36.24
Short-Term Debt	9.4M	7.5M	9.4M	11.2M	39.6M	26M	19.6M	900K	84.4M	61.3M
Deferred Revenue (Current)	0	1000K	1000K	1000K	-1000K	0	0	0	0	0
Other Current Liabilities	14.8M	24.6M	21.5M	37.2M	16.2M	1.1M	1.1M	6.9M	15.1M	500K
Current Ratio	3.08x	2.16x	2.40x	2.31x	2.15x	2.81x	2.70x	2.25x	1.81x	1.87x
Quick Ratio	1.53x	1.05x	1.36x	1.26x	1.16x	1.97x	1.80x	1.15x	0.96x	1.01x
Cash Conversion Cycle	81.69	79.79	82.06	90.08	95.14	91.27	98.14	107.79	90.5	95.38
Total Non-Current Liabilities+	163M	561.3M	498.6M	792.3M	1.4B	1.47B	1.53B	1.73B	1.63B	1.56B
Long-Term Debt	80M	481.3M	444M	741.2M	1.15B	1.27B	1.25B	1.47B	1.38B	1.24B
Capital Lease Obligations	80M	80M	80M	73.9M	36.7M	34.7M	36.2M	40.8M	48.6M	135.7M
Deferred Tax Liabilities	76M	69.8M	41.3M	37.2M	103M	117M	114.6M	106.5M	70.9M	56.2M
Other Non-Current Liabilities	1.5M	-69.8M	-66.8M	-59.1M	109.9M	49.9M	125.5M	114.9M	126.7M	130.6M
Total Liabilities	260M	698.2M	652.6M	975.6M	1.61B	1.69B	1.8B	2.04B	1.99B	1.83B
Total Debt+	89M	481.3M	444M	741.2M	1.23B	1.34B	1.32B	1.53B	1.53B	1.45B
Net Debt	57M	450.8M	356.1M	663.7M	1.17B	1.09B	1.05B	1.45B	1.44B	1.39B
Debt / Equity	0.17x	3.38x	1.52x	2.18x	2.31x	2.09x	1.96x	2.19x	2.43x	7.45x
Debt / EBITDA	0.44x	2.42x	1.83x	2.32x	2.98x	3.52x	3.17x	3.40x	4.05x	3.95x
Net Debt / EBITDA	0.28x	2.26x	1.46x	2.07x	2.84x	2.84x	2.51x	3.23x	3.79x	3.77x
Interest Coverage	8.31x	8.31x	11.20x	7.92x	5.88x	-	5.94x	5.52x	2.75x	2.66x
Total Equity+	522M	142.2M	291.7M	339.6M	530.8M	642.1M	673.8M	698.3M	631.4M	195.2M
Equity Growth %	0.24%	-0.73%	1.05%	0.16%	0.56%	0.21%	0.05%	0.04%	-0.1%	-0.69%
Book Value per Share	12.41	3.36	6.86	7.97	12.58	15.45	16.82	18.15	17.30	5.37
Total Shareholders' Equity	517M	134.6M	277.7M	339.6M	530.8M	642.1M	673.8M	698.3M	631.4M	195.2M
Common Stock	530.1M	400K	400K	400K	400K	400K	400K	400K	400K	400K
Retained Earnings	0	16M	142.8M	313.5M	497.2M	678M	796.1M	1.01B	1B	572M
Treasury Stock	0	-300K	-7.7M	-55.8M	-74.6M	-162.3M	-272.1M	-416M	-509.5M	-512.6M
Accumulated OCI	-17M	-19M	-11.7M	-17.7M	-5M	4.7M	13.1M	-46.8M	-26.7M	-41.4M
Minority Interest	5M	7.6M	14M	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	73M	127.9M	174.3M	252M	275.7M	352.4M	293.3M	313.4M	205.1M	128.6M
Operating CF Margin %	0.08%	0.14%	0.18%	0.22%	0.21%	0.29%	0.21%	0.19%	0.12%	0.09%
Operating CF Growth %	-0.49%	0.75%	0.36%	0.45%	0.09%	0.28%	-0.17%	0.07%	-0.35%	-0.37%
Net Income	85M	44.4M	145.2M	181.8M	183.7M	181.4M	118.1M	211.6M	-5.4M	-430.3M
Depreciation & Amortization	35M	38.8M	40.4M	57M	85M	100.2M	109.9M	108.8M	122.8M	108.3M
Stock-Based Compensation	2.3M	4.7M	10.1M	12.5M	12.3M	8.4M	12.3M	16.1M	10.6M	11.9M
Deferred Taxes	10M	-7.9M	-25.7M	900K	14.8M	16.2M	-4.6M	-5M	-44.7M	-121.4M
Other Non-Cash Items	9M	34.1M	7.6M	9.5M	13.1M	34.4M	27.1M	48.4M	262.5M	560.3M
Working Capital Changes	-61M	13.8M	-3.3M	-9.7M	-33.2M	11.8M	30.5M	-66.5M	-140.7M	-200K
Change in Receivables	9M	5.7M	-9.5M	-3M	-15.3M	2.8M	-13.8M	-42.1M	42.7M	38.2M
Change in Inventory	-25M	-2.2M	-6.6M	-26.9M	500K	22.3M	-55.8M	-63.7M	-75.6M	86.2M
Change in Payables	-22M	-1.5M	1.7M	5.7M	-6.2M	9.4M	14.8M	42.7M	-14.6M	-63.4M
Cash from Investing+	-90M	-126.4M	-58.6M	-414.4M	-658.3M	-110.6M	-138.6M	-551.9M	-77.3M	-79.5M
Capital Expenditures	-102M	-56.7M	-52.6M	-93.9M	-114.8M	-23.8M	-103.8M	-142.5M	-109.8M	-77.6M
CapEx % of Revenue	0.11%	0.06%	0.05%	0.08%	0.09%	0.02%	0.07%	0.09%	0.06%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1M	-69.7M	-3M	-4.1M	-118.4M	-86.8M	500K	-2.2M	3.4M	-1.6M
Cash from Financing+	27M	-3.4M	-57.8M	153.7M	369.2M	-50.2M	-133.1M	48.1M	-99.9M	-70.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	25.7M	-405.6M	-11.8M	-100.3M	4M	-10.6M	2.3M	-5.7M	-500K	-3.1M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-29M	71.2M	121.7M	158.1M	160.9M	246.5M	189.5M	170.9M	95.3M	51M
FCF Margin %	-0.03%	0.08%	0.13%	0.14%	0.12%	0.2%	0.14%	0.1%	0.06%	0.04%
FCF Growth %	-1.69%	3.46%	0.71%	0.3%	0.02%	0.53%	-0.23%	-0.1%	-0.44%	-0.46%
FCF per Share	-0.69	1.68	2.86	3.71	3.81	5.93	4.73	4.44	2.61	1.40
FCF Conversion (FCF/Net Income)	0.91x	3.63x	1.38x	1.49x	1.50x	1.94x	2.48x	1.48x	-37.98x	-0.30x
Interest Paid	6.5M	15.1M	16M	26M	48M	39.6M	47.5M	54.8M	82.7M	85.4M
Taxes Paid	1.4M	22.4M	61.9M	34.8M	14.9M	46.6M	53.7M	54.8M	29.7M	26.9M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.99%	10.6%	58.22%	53.57%	42.21%	30.93%	17.95%	30.84%	-0.81%	-104.11%
Return on Invested Capital (ROIC)	23.46%	20.53%	24.52%	23.88%	18.18%	-	13.36%	13.2%	9.11%	10.68%
Gross Margin	29.03%	30.21%	33.83%	36.77%	37.28%	38.28%	36.85%	34.17%	27.89%	32.33%
Net Margin	8.26%	3.88%	12.99%	14.92%	14.21%	14.92%	8.49%	12.68%	-0.32%	-30.6%
Debt / Equity	0.17x	3.38x	1.52x	2.18x	2.31x	2.09x	1.96x	2.19x	2.43x	7.45x
Interest Coverage	8.31x	8.31x	11.20x	7.92x	5.88x	-	5.94x	5.52x	2.75x	2.66x
FCF Conversion	0.91x	3.63x	1.38x	1.49x	1.50x	1.94x	2.48x	1.48x	-37.98x	-0.30x
Revenue Growth	-7.01%	-6.17%	7.06%	16.58%	14.05%	-5.94%	14.42%	19.89%	1.43%	-16.88%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Performance Materials	301M	698.6M	400.4M	490.6M	510M	516.8M	548.5M	586M	609.6M
Performance Materials Growth	-	132.09%	-42.69%	22.53%	3.95%	1.33%	6.13%	6.84%	4.03%
Performance Chemicals	-	1.25B	733.2M	802.3M	706.1M	874.7M	1.12B	902.1M	608.2M
Performance Chemicals Growth	-	-	-41.17%	9.42%	-11.99%	23.88%	28.02%	-19.44%	-32.58%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	597.8M	662.9M	770.4M	795.7M	676.9M	763.3M	983.2M	1.07B	820.9M
North America Growth	-	10.89%	16.22%	3.28%	-14.93%	12.76%	28.81%	8.78%	-23.24%
Asia Pacific	138.8M	142.5M	171.4M	281.4M	345.4M	385.5M	398.7M	364M	346M
Asia Pacific Growth	-	2.67%	20.28%	64.18%	22.74%	11.61%	3.42%	-8.70%	-4.95%
Europe, Middle East, and Africa	-	-	169.9M	193.6M	174.9M	219.6M	242.2M	215.5M	187M
Europe, Middle East, and Africa Growth	-	-	-	13.95%	-9.66%	25.56%	10.29%	-11.02%	-13.23%
South America	20.6M	17.8M	21.9M	22.2M	18.9M	23.1M	44.2M	43.1M	52.5M
South America Growth	-	-13.59%	23.03%	1.37%	-14.86%	22.22%	91.34%	-2.49%	21.81%
EMEA	151.1M	149.2M	-	-	-	-	-	-	-
EMEA Growth	-	-1.26%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Ingevity Corporation (NGVT) reported $1.28B in revenue for fiscal year 2024. This represents a 31% increase from $980.0M in 2013.

Ingevity Corporation (NGVT) saw revenue decline by 16.9% over the past year.

Ingevity Corporation (NGVT) reported a net loss of $65.9M for fiscal year 2024.

Dividend & Returns

Ingevity Corporation (NGVT) has a return on equity (ROE) of -104.1%. Negative ROE indicates the company is unprofitable.

Ingevity Corporation (NGVT) generated $239.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.