Ecovyst
Regenerates sulfuric acid and supplies virgin acid, treatment services, and catalyst activation.
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Profile
Sells regenerated and virgin sulfuric acid, treatment services, and Chem32 catalyst activation through one Ecoservices segment. The footprint is concentrated in U.S. refining and industrial markets, with demand tied to refinery utilization, alkylate demand, mining activity, sulfur-cost pass-throughs, and plant reliability.
Operates through Ecoservices, a sulfur-chemistry business centered on sulfuric acid regeneration, virgin sulfuric acid, treatment services, and Chem32 catalyst activation. Regeneration recycles spent acid for refinery alkylation, while virgin acid serves mining, batteries, water treatment, petrochemical, paper, and other industrial uses.
The operating footprint is U.S.-based, with strategic presence on the Gulf Coast and in California and added Waggaman capacity for regeneration and virgin-acid customers. The company competes on reliability, customer proximity, scale, responsiveness, and operating expertise.
Demand depends on refinery utilization, alkylate demand, mining and industrial activity, sulfur-cost pass-through pricing, customer uptime, plant reliability, and labor availability. The Advanced Materials & Catalysts sale left Ecoservices as the single reportable segment.
Company facts
Categories
Key statistics
Year to date +2.1% · Average volume (30d) 1.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Jun 24, 2026 | Citigroup | Initiate | Overweight | |
| Sep 16, 2025 | Citigroup | Downgrade | Buy | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.19 | $0.21 | +12.1% | $237.5M | $250.0M | +5.2% | −5.45% |
| May 5, 2026Q1 FY26 | $0.07 | $0.11 | +57.1% | $191.1M | $215.0M | +12.5% | −0.34% |
| Feb 26, 2026Q4 FY25 | $0.15 | $0.29 | +90.2% | $184.9M | $199.4M | +7.8% | −1.57% |
| Nov 4, 2025Q3 FY25 | $0.18 | $0.19 | +7.5% | $204.7M | $204.9M | +0.1% | +7.91% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $143.1M | $200.1M | $204.9M | $199.4M | $215.0M | $250.0M | |
| Gross profit | $17.0M | $47.1M | $52.1M | $46.8M | $34.3M | $49.8M | |
| Operating income | $145.0K | $21.8M | $34.2M | $25.5M | $14.9M | $19.4M | |
| Net income | −$3.6M | $6.0M | −$79.3M | $5.7M | $4.3M | $7.9M | |
| Diluted EPS | −$0.03 | $0.05 | −$0.70 | $0.05 | $0.04 | $0.07 | |
| Gross margin | 11.9% | 23.5% | 25.4% | 23.4% | 15.9% | 19.9% | |
| Operating margin | 0.1% | 10.9% | 16.7% | 12.8% | 6.9% | 7.8% |
Fiscal years (4-quarter sums)FY21 $611.2M · FY22 $820.2M · FY23 $691.1M · FY24 $704.5M · FY25 $747.6M
Revenue by product · Q1 FY26
Revenue by geography · FY24
Balance sheet, Jun 30, 2026Cash & short-term investments $87.8M · Total debt $546.4M · Total assets $1.42B · Shareholders' equity $586.9M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 109.45M · Float 97.78M · 89.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 10.67M | 9.74% | 13F | Aug 7, 2026 |
| Rubric Capital Management LP | 8.21M | 7.50% | 13F | Aug 14, 2026 |
| Dimensional Fund Advisors LP | 6.59M | 6.00% | 13G | Jul 14, 2026 |
| Vanguard Portfolio Management | 6.19M | 5.65% | 13G | Jul 31, 2026 |
| FMR LLC | 5.33M | 4.87% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 7, 2025 | Susan F. Ward | director | −15,000 | $8.40 |
Peers
- AdvanSix
Industrial sulfuric-acid and intermediates overlap
- LSB Industries
Industrial acid and mining-end-market overlap
- Hawkins
Sulfuric-acid supplier for water and industrial customers
- Clean Harbors
Hazardous-waste treatment and industrial-services overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ecovyst | $10.11 | −0.05% | $1.11B | — | 13.7 | 1.3 | +24.9% |
| AdvanSix | $16.49 | 0.00% | $444.6M | — | — | 0.3 | +2.8% |
| LSB Industries | $10.39 | +0.10% | $747.4M | 20.8 | 9.7 | 1.1 | +11.1% |
| Hawkins | $120.35 | +0.10% | $2.51B | 31.2 | 28.6 | 2.3 | +7.6% |
| Clean Harbors | $310.71 | +0.02% | $16.40B | 37.7 | 31.0 | 2.6 | +12.0% |
| Median | 31.2 | 28.6 | 1.7 | +9.4% |






