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Ingevity Corporation manufactures and sells activated carbon products, derivative specialty chemicals, and engineered polymers in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. It operates through three segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products for use in gasoline vapor emission control systems in cars, trucks, motorcycles, and boats. This segment also produces other activated carbon products for food, water, beverage, and chemical purification applications. The Performance Chemicals segment consists of road technologies and industrial specialties. This segment's products are used in pavement construction, pavement preservation, pavement reconstruction and recycling, road markings, agrochemical dispersants, lubricants, certain adhesives, rubber, and other industrial uses. The Advanced Polymer Technologies segment produces caprolactone and caprolactone-based specialty polymers for use in coatings, resins, elastomers, adhesives, bioplastics, and medical devices. It serves automotive parts manufacturers through sales representatives, third-party sales representatives, and distributors. The company was formerly known as WestRock Company, Specialty Chemicals Business and changed its name to Ingevity Corporation in September 2015. Ingevity Corporation was founded in 1964 and is headquartered in North Charleston, South Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | $41M | $-167M | $274M | -562.6% | -2.7% | -61.2% |
| 2024 | $1.2B | $64M | $-430M | $51M | -220.4% | -1.3% | 7868.5% |
| 2023 | $1.2B | $346M | $-5M | $95M | -0.9% | -27.1% | -102.6% |
| 2022 | $1.7B | $440M | $212M | $171M | 30.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,668.30 | 1,215.50 | 1,200.10 | 1,167.60 |
| Cost Of Revenue | - | 1,098.20 | 770.50 | 735.30 | 706.10 |
| Gross Profit | - | 570.10 | 445 | 464.80 | 461.50 |
| Operating Expense | - | 229.10 | 187.20 | 182.30 | 199.60 |
| Operating Income | - | 341 | 257.80 | 282.50 | 261.90 |
| EBITDA | - | 440.20 | 345.50 | 64.40 | 41.40 |
| EBIT | - | 331.40 | 222.70 | -43.90 | -65 |
| Pretax Income | - | 269.60 | 130 | -140.50 | -142.10 |
| Tax Provision | - | 58 | 24.20 | -19.10 | 8.20 |
| Net Income | - | 211.60 | -5.40 | -430.30 | -167.10 |
| Net Income Common Stockholders | - | 211.60 | -5.40 | -430.30 | -167.10 |
| Total Expenses | - | 1,327.30 | 957.70 | 917.60 | 905.70 |
| Interest Expense | - | 61.80 | 92.70 | 96.60 | 77.10 |
| Interest Income | - | 5.80 | 6.30 | 6.90 | 4.40 |
| Research And Development | - | 30.30 | 25.40 | 24.50 | 28.40 |
| Selling General And Administration | - | 198.80 | 161.80 | 157.80 | 171.20 |
| Normalized EBITDA | - | 445.80 | 388 | 386.40 | 345.90 |
| Normalized Income | - | 216 | 140.44 | 156.81 | 90.26 |
| Market Cap | 2,691.35 | 2,691.35 | 2,691.35 | 2,691.35 | 2,691.35 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ingevity Corporationthis co. | NGVT | - | -16.11 | 90.62 | -562.6% | 93.14 |
| Eastman Chemical Company | EMN | $8.2B | 17.37 | 1.38 | 8.0% | 9.58 |
| The Mosaic Company | MOS | $7.6B | 14.11 | 0.63 | 4.5% | 5.04 |
| Sensient Technologies Corporation | SXT | $5.2B | 38.96 | 4.39 | 11.3% | 22.05 |
| Warrior Met Coal, Inc. | HCC | $4.6B | 80.28 |
| - |
| - |
| - |
| - |
| - |
| 2.14 |
| 2.7% |
| 17.99 |
| Materion Corporation | MTRN | $3.9B | 51.68 | 4.10 | 7.9% | 24.19 |
| Hawkins, Inc. | HWKN | $3.6B | 42.30 | 7.75 | 18.3% | 23.30 |
| H.B. Fuller Company | FUL | $3.4B | 22.53 | 1.71 | 7.6% | 10.23 |
| WD-40 Company | WDFC | $3.1B | 33.27 | 11.29 | 33.9% | 27.08 |
| Peer Median | - | 36.11 | 3.12 | 7.9% | 20.02 | |