Ecovyst (ECVT)
Market Price (5/8/2026): $13.97 | Market Cap: $1.5 BilSector: Materials | Industry: Specialty Chemicals
Ecovyst (ECVT)
Market Price (5/8/2026): $13.97Market Cap: $1.5 BilSector: MaterialsIndustry: Specialty Chemicals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18% Attractive yieldFCF Yield is 5.1% Low stock price volatilityVol 12M is 34% Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, Advanced Materials, and Sustainable Resource Management. Themes include Renewable Fuel Production, Show more. | Weak multi-year price returns2Y Excs Rtn is -5.0%, 3Y Excs Rtn is -57% | Stock price has recently run up significantly12M Rtn12 month market price return is 103% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.4% Key risksECVT key risks include [1] significant uncertainty and potential disruption from the strategic sale of its Advanced Materials & Catalysts business and [2] a substantial debt burden that restricts financial flexibility and could lead to shareholder dilution. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Attractive yieldFCF Yield is 5.1% |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, Advanced Materials, and Sustainable Resource Management. Themes include Renewable Fuel Production, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -5.0%, 3Y Excs Rtn is -57% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 103% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.4% |
| Key risksECVT key risks include [1] significant uncertainty and potential disruption from the strategic sale of its Advanced Materials & Catalysts business and [2] a substantial debt burden that restricts financial flexibility and could lead to shareholder dilution. |
Qualitative Assessment
AI Analysis | Feedback
Ecovyst (ECVT) stock has gained about 30% since 1/31/2026 because of the following key factors:
1. Ecovyst reported a significant beat in its first-quarter 2026 earnings and subsequently raised its full-year guidance. The company's adjusted diluted EPS for Q1 2026 was $0.11, exceeding analyst estimates of $0.06 by $0.05. Revenue reached $215.0 million, surpassing estimates of $194.95 million by over $20 million, marking a 50% increase year-over-year. Following these strong results, Ecovyst increased the low end of its full-year 2026 net sales guidance from $860 million to $940 million to a new range of $890 million to $970 million. Adjusted EBITDA guidance was also raised at the low end, from $175 million to $195 million to $180 million to $195 million.
2. The company experienced robust demand for its regeneration services and virgin sulfuric acid products, driven by favorable market conditions. Regeneration services sales saw double-digit percentage growth compared to the first quarter of 2025, supported by high refinery utilization and favorable alkylate economics. Virgin sulfuric acid sales also increased, benefiting from strong mining demand and contributions from the recently acquired Waggaman sulfuric acid assets. Overall, the increase in sales volume and favorable pricing dynamics contributed significantly to a nearly 27% rise in sales, excluding the $33 million impact of higher sulfur costs pass-through and price.
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1. Ecovyst reported a significant beat in its first-quarter 2026 earnings and subsequently raised its full-year guidance. The company's adjusted diluted EPS for Q1 2026 was $0.11, exceeding analyst estimates of $0.06 by $0.05. Revenue reached $215.0 million, surpassing estimates of $194.95 million by over $20 million, marking a 50% increase year-over-year. Following these strong results, Ecovyst increased the low end of its full-year 2026 net sales guidance from $860 million to $940 million to a new range of $890 million to $970 million. Adjusted EBITDA guidance was also raised at the low end, from $175 million to $195 million to $180 million to $195 million.
2. The company experienced robust demand for its regeneration services and virgin sulfuric acid products, driven by favorable market conditions. Regeneration services sales saw double-digit percentage growth compared to the first quarter of 2025, supported by high refinery utilization and favorable alkylate economics. Virgin sulfuric acid sales also increased, benefiting from strong mining demand and contributions from the recently acquired Waggaman sulfuric acid assets. Overall, the increase in sales volume and favorable pricing dynamics contributed significantly to a nearly 27% rise in sales, excluding the $33 million impact of higher sulfur costs pass-through and price.
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Stock Movement Drivers
Fundamental Drivers
The 31.7% change in ECVT stock from 1/31/2026 to 5/7/2026 was primarily driven by a 17.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 5072026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.61 | 13.97 | 31.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 697 | 819 | 17.6% |
| P/S Multiple | 1.7 | 1.9 | 8.8% |
| Shares Outstanding (Mil) | 114 | 111 | 2.9% |
| Cumulative Contribution | 31.7% |
Market Drivers
1/31/2026 to 5/7/2026| Return | Correlation | |
|---|---|---|
| ECVT | 31.7% | |
| Market (SPY) | 3.6% | 21.1% |
| Sector (XLB) | 4.8% | 53.5% |
Fundamental Drivers
The 70.6% change in ECVT stock from 10/31/2025 to 5/7/2026 was primarily driven by a 28.1% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5072026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.19 | 13.97 | 70.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 646 | 819 | 26.9% |
| P/S Multiple | 1.5 | 1.9 | 28.1% |
| Shares Outstanding (Mil) | 116 | 111 | 5.0% |
| Cumulative Contribution | 70.6% |
Market Drivers
10/31/2025 to 5/7/2026| Return | Correlation | |
|---|---|---|
| ECVT | 70.6% | |
| Market (SPY) | 5.5% | 34.4% |
| Sector (XLB) | 21.2% | 58.0% |
Fundamental Drivers
The 133.6% change in ECVT stock from 4/30/2025 to 5/7/2026 was primarily driven by a 75.0% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5072026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.98 | 13.97 | 133.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 646 | 819 | 26.8% |
| P/S Multiple | 1.1 | 1.9 | 75.0% |
| Shares Outstanding (Mil) | 117 | 111 | 5.3% |
| Cumulative Contribution | 133.6% |
Market Drivers
4/30/2025 to 5/7/2026| Return | Correlation | |
|---|---|---|
| ECVT | 133.6% | |
| Market (SPY) | 30.4% | 32.4% |
| Sector (XLB) | 24.9% | 46.0% |
Fundamental Drivers
The 23.1% change in ECVT stock from 4/30/2023 to 5/7/2026 was primarily driven by a 13.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302023 | 5072026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.35 | 13.97 | 23.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 820 | 819 | -0.1% |
| P/S Multiple | 1.7 | 1.9 | 8.2% |
| Shares Outstanding (Mil) | 126 | 111 | 13.9% |
| Cumulative Contribution | 23.1% |
Market Drivers
4/30/2023 to 5/7/2026| Return | Correlation | |
|---|---|---|
| ECVT | 23.1% | |
| Market (SPY) | 78.7% | 43.0% |
| Sector (XLB) | 35.4% | 50.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ECVT Return | -11% | -13% | 10% | -22% | 27% | 51% | 27% |
| Peers Return | 41% | -42% | -1% | 23% | 15% | -9% | 4% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 96% |
Monthly Win Rates [3] | |||||||
| ECVT Win Rate | 58% | 42% | 58% | 33% | 58% | 100% | |
| Peers Win Rate | 60% | 35% | 46% | 46% | 42% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| ECVT Max Drawdown | -17% | -18% | -1% | -37% | -30% | 0% | |
| Peers Max Drawdown | -2% | -58% | -34% | -39% | -27% | -31% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FUL, GEVO, FSI, LOOP, TSEOF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/7/2026 (YTD)
How Low Can It Go
| Event | ECVT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -36.5% | -18.8% |
| % Gain to Breakeven | 57.4% | 23.1% |
| Time to Breakeven | 78 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -30.4% | -7.8% |
| % Gain to Breakeven | 43.7% | 8.5% |
| Time to Breakeven | 353 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -27.7% | -9.5% |
| % Gain to Breakeven | 38.4% | 10.5% |
| Time to Breakeven | 866 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -17.5% | -24.5% |
| % Gain to Breakeven | 21.1% | 32.4% |
| Time to Breakeven | 125 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.3% | -33.7% |
| % Gain to Breakeven | 73.4% | 50.9% |
| Time to Breakeven | 284 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.2% | -19.2% |
| % Gain to Breakeven | 32.0% | 23.7% |
| Time to Breakeven | 750 days | 105 days |
In The Past
Ecovyst's stock fell -36.5% during the 2025 US Tariff Shock. Such a loss loss requires a 57.4% gain to breakeven.
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Asset Allocation
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| Event | ECVT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -36.5% | -18.8% |
| % Gain to Breakeven | 57.4% | 23.1% |
| Time to Breakeven | 78 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -30.4% | -7.8% |
| % Gain to Breakeven | 43.7% | 8.5% |
| Time to Breakeven | 353 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -27.7% | -9.5% |
| % Gain to Breakeven | 38.4% | 10.5% |
| Time to Breakeven | 866 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.3% | -33.7% |
| % Gain to Breakeven | 73.4% | 50.9% |
| Time to Breakeven | 284 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.2% | -19.2% |
| % Gain to Breakeven | 32.0% | 23.7% |
| Time to Breakeven | 750 days | 105 days |
In The Past
Ecovyst's stock fell -36.5% during the 2025 US Tariff Shock. Such a loss loss requires a 57.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Ecovyst (ECVT)
Ecovyst Inc. provides specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates through two segments, Ecoservices and Catalyst Technologies. The Ecoservices segment offers sulfuric acid recycling services for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications. The Catalyst Technologies segment provides customized catalyst products and process solutions to producers and licensors of polyethylene and methyl methacrylate. Its catalyst supports the production of plastics used in packaging films, bottles, containers, and other molded applications. This segment also provides zeolite-based emission control catalysts, which enable the removal of nitrogen oxides from diesel engine emissions, as well as sulfur dioxide from fuels during the refining process. 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 Malvern, Pennsylvania.
AI Analysis | Feedback
Here are 1-2 brief analogies to describe Ecovyst:
Think of Ecovyst as the 'Intel Inside' for refineries, plastics manufacturers, and heavy-duty diesel engines.
A bit like an industrial Ecolab, but instead of general water and hygiene solutions, Ecovyst specializes in critical sulfuric acid services and catalysts for heavy industries.
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- Sulfuric Acid Recycling Services: Provides services for recycling sulfuric acid primarily for the production of alkylate for refineries.
- Virgin Sulfuric Acid: Supplies newly produced sulfuric acid for applications in mining, water treatment, and other industrial uses.
- Polyethylene and Methyl Methacrylate Catalysts: Offers customized catalyst products and process solutions for the production of these plastics.
- Zeolite-based Emission Control Catalysts: Develops catalysts to remove nitrogen oxides from diesel engine emissions.
- Zeolite-based Fuel Desulfurization Catalysts: Provides catalysts for the removal of sulfur dioxide from fuels during the refining process.
AI Analysis | Feedback
Ecovyst (ECVT) primarily sells its specialized catalysts and services to other companies (B2B).
Based on the company description, its major customers operate in the following key industries and applications:
- Refining Industry: Refineries are major customers, utilizing Ecovyst's Ecoservices segment for sulfuric acid recycling essential for alkylate production. The Catalyst Technologies segment also serves refineries for sulfur dioxide removal from fuels.
- Chemical and Plastics Producers: Customers include producers and licensors of polyethylene and methyl methacrylate, who rely on Ecovyst's Catalyst Technologies segment for customized catalyst products and process solutions to produce plastics used in various applications (e.g., packaging, bottles).
- Mining, Water Treatment, and Industrial Applications: These sectors utilize virgin sulfuric acid provided by the Ecoservices segment for various operational needs.
- Diesel Engine Manufacturers: Manufacturers use zeolite-based emission control catalysts from the Catalyst Technologies segment to remove nitrogen oxides from diesel engine emissions.
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Kurt J. Bitting, Chief Executive Officer and Director
Mr. Bitting was appointed Chief Executive Officer and a Director of Ecovyst in April 2022. He joined Ecoservices, at the time a division of Rhodia, in 2006, serving as Vice President, Business Director, and Sulfur Products Manager. Mr. Bitting led transformational growth in Ecoservices' product lines and played a key role in its divestiture from Solvay and eventual merger with PQ Corp. Prior to joining Ecoservices, he held management positions at Kinder Morgan, Inc. and Sprint Corporation. He also served as a Company Commander in the U.S. Army's 10th Mountain Division.
Mike Feehan, Vice President, Chief Financial Officer
Mr. Feehan was appointed Vice President, Chief Financial Officer in August 2021. He joined the company (then PQ) in 2006. Prior to his CFO role, he served as Vice President of Finance and Treasurer from May 2016 to August 2021, and as Corporate Controller from 2008 to 2016. Before joining PQ Corporation, he was the Director of Finance and Corporate Controller for Radnor Holdings Corporation. Mr. Feehan began his career in public accounting with Arthur Andersen and KPMG.
Joseph S. Koscinski, Chief Administrative Officer, Vice President, Secretary and General Counsel
Mr. Koscinski became Vice President, Secretary and General Counsel in November 2015. From August 1995 to October 2015, he was an attorney and shareholder in the Business Services Group of Babst, Calland, Clements and Zomnir, P.C., a law firm, where he served as outside corporate counsel to PQ Corporation (Ecovyst's predecessor) since 2005. His corporate practice included mergers and acquisitions, real estate matters, and commercial contracts.
Mark Baunchalk, Senior Vice President, Business Development and Strategy
Mr. Baunchalk leads Ecovyst's global growth agenda, including strategic planning, mergers and acquisitions, and partnership development. He has over two decades of experience shaping international business strategy and advancing both organic and inorganic growth across the chemical, manufacturing, and pharmaceutical industries. Before joining Ecovyst, he held senior leadership roles at AkzoNobel N.V., The Chemours Company, and DuPont Company, where he directed major global strategic initiatives, executed complex cross-border M&A transactions, and supported multibillion-dollar business units.
Kara Thornton, Vice President and Chief Human Resources Officer
Ms. Thornton has a long and successful career in human resource management. Prior to Ecovyst, she made significant contributions as the Senior Vice President of HR at Neuronetics, a prominent public medical device company. Her career also includes pivotal HR roles at Sun Pharmaceutical Industries, DSM North America, Johnson & Johnson, Bayer Healthcare, and Sankyo Pharma.
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```htmlKey Risks to Ecovyst (ECVT)
- Uncertainty and Integration Risks from the Divestiture of the Advanced Materials & Catalysts Segment: Ecovyst Inc. is in the process of divesting its Advanced Materials & Catalysts segment, having announced an agreement to sell it for $556 million, with the transaction anticipated to close in the first quarter of 2026. This strategic review and divestiture introduces "considerable financial and operational strain, including potential business disruptions and employee distractions," which could negatively impact the company's overall performance and stock price stability. There is also no guarantee that this process will ultimately enhance shareholder value. Furthermore, the divestment has already resulted in significant impairment charges, such as an $83.9 million impairment recorded in Q3 2025. Following the completion of this sale, Ecovyst will be more concentrated on its Ecoservices segment.
- Dependence on the Refining Industry and Related Market Dynamics: The Ecoservices segment, which will become the core of Ecovyst's business after the divestiture, is heavily reliant on providing sulfuric acid recycling services for alkylate production in refineries, as well as virgin sulfuric acid for various industrial applications. This exposes Ecovyst to risks associated with the cyclical nature of the refining industry and broader energy market shifts. Factors such as "refinery utilization and outage normalization are critical for upside", meaning lower refinery operating rates or unexpected downtime can directly reduce demand for Ecovyst's services. Additionally, the alkylation process in refineries faces a substitution risk from alternative catalysts, such as hydrofluoric acid, which could impact the demand for sulfuric acid-based services.
- Commodity Price Volatility and Supply Chain Risks: Ecovyst faces exposure to the volatility of raw material prices, particularly for sulfur and natural gas, which are key inputs for its sulfuric acid production. While the company has implemented contractual mechanisms, such as pass-through clauses for commodity costs (e.g., a projected $70 million pass-through for sulfur costs in FY 2025), to mitigate the direct impact on its margins, the underlying commodity price risk remains a constant factor. "High production costs" can also impact profitability, and global scarcity of sulfur can affect supply dynamics and exert pressure on the business.
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The global shift towards electric vehicles and other alternative powertrains poses a clear emerging threat to Ecovyst's segment providing zeolite-based emission control catalysts for diesel engines. As demand for diesel vehicles declines, so too will the need for catalysts designed to mitigate their emissions.
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Ecovyst Inc. operates in several addressable markets through its Ecoservices and Catalyst Technologies segments. The estimated market sizes for its main products and services are as follows:
Ecoservices Segment
- Sulfuric Acid Recycling Services: The global market for sulfuric acid recycling services is projected to be approximately $1.19 billion in 2025.
- Virgin Sulfuric Acid: The global sulfuric acid market, which includes virgin sulfuric acid, was valued at approximately $35.13 billion in 2025.
Catalyst Technologies Segment
- Polyethylene Catalysts: The global polyethylene catalyst market is forecast to reach approximately $1.1 billion by 2027.
- Methyl Methacrylate (MMA) Catalysts: The global methyl methacrylate market, which Ecovyst's catalysts serve, is estimated to be valued at approximately $25.0 billion in 2025.
- Zeolite-based Emission Control Catalysts: The global zeolite catalyst market is projected to reach between $2.5 billion and $3.5 billion in 2025.
AI Analysis | Feedback
Ecovyst Inc. (ECVT) is strategically focusing on its Ecoservices segment following the divestiture of its Advanced Materials & Catalysts business in late 2025. The company's future revenue growth over the next 2-3 years is expected to be driven by several key factors: 1. **Increased Demand for Virgin Sulfuric Acid from Mining Customers**: Ecovyst anticipates higher sales volumes for virgin sulfuric acid, primarily propelled by an increase in demand from the mining sector. This reflects a strategic alignment with industries requiring critical materials. 2. **Higher Volumes in Regenerated Sulfuric Acid due to Reduced Refinery Downtime**: The company projects increased volumes for regenerated sulfuric acid, expecting less customer downtime in refineries compared to previous years, specifically 2025. This indicates a more stable and higher utilization rate from its refining customers. 3. **Expansion of Gulf Coast Operations through Acquisitions and Infrastructure Investments**: Ecovyst has bolstered its capacity and logistical capabilities in the crucial Gulf Coast region. The acquisition of sulfuric acid production assets in Waggaman, Louisiana, completed in May 2025, is expected to enhance supply reliability and network flexibility, adding approximately 10% incremental volume capacity and deepwater export capability. Furthermore, the company plans to invest around $20 million in growth capital in 2026 to expand storage capacity and improve rail logistics in the Gulf Coast, further supporting anticipated demand growth. 4. **Favorable Contractual Pricing for Regeneration Services**: Favorable contractual pricing for regeneration services has contributed to strong performance and is expected to continue to be a positive driver for revenue growth. This indicates a strong position in its service offerings and stable revenue streams from its existing contracts.AI Analysis | Feedback
Share Repurchases
- Ecovyst repurchased approximately $47.4 million of common stock in 2025, buying 5,752,285 shares at an average price of $8.24 per share.
- As of December 31, 2025, the company had $182.2 million remaining under its existing share repurchase authorization.
- The company's Board of Directors amended its $450 million share repurchase plan in October 2025 to remove the April 2026 expiration date.
Share Issuance
- No specific dollar amount of shares issued for capital raising purposes by Ecovyst was reported within the last 3-5 years.
Inbound Investments
- No significant inbound investments by third parties (such as strategic partners or private equity firms) were reported during the specified period.
Outbound Investments
- Ecovyst completed the sale of its Advanced Materials & Catalysts segment to Technip Energies for a purchase price of $556 million on December 31, 2025.
- Approximately $465 million of the net proceeds from the Advanced Materials & Catalysts divestiture were used to pay down the company's Term Loan, significantly reducing debt.
- In 2025, Ecovyst acquired Waggaman, Louisiana sulfuric acid production assets for $41 million.
Capital Expenditures
- Capital expenditures for Ecovyst were $68 million in 2025.
- Projected capital expenditures for 2026 are expected to increase to $80-90 million, primarily supporting organic growth initiatives.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Ecovyst Earnings Notes | 12/16/2025 | |
| Is Ecovyst Stock Built to Withstand a Pullback? | 10/17/2025 | |
| Ecovyst (ECVT) Net Income Comparison | 08/08/2025 | |
| Ecovyst (ECVT) Operating Cash Flow Comparison | 08/08/2025 | |
| Ecovyst (ECVT) Debt Comparison | 08/08/2025 | |
| Ecovyst (ECVT) EBITDA Comparison | 08/08/2025 | |
| Ecovyst (ECVT) Tax Expense Comparison | 08/08/2025 | |
| Ecovyst (ECVT) Operating Income Comparison | 08/08/2025 | |
| Ecovyst (ECVT) Revenue Comparison | 08/08/2025 | |
| Why Ecovyst Stock Moved: ECVT Stock Has Gained 26% Since 2024 Fiscal End, Primarily Due To Favorable Change In Revenues | 08/08/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 4.16 |
| Mkt Cap | 0.3 |
| Rev LTM | 490 |
| Op Inc LTM | 2 |
| FCF LTM | -1 |
| FCF 3Y Avg | -7 |
| CFO LTM | 1 |
| CFO 3Y Avg | -4 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.5% |
| Rev Chg 3Y Avg | 0.7% |
| Rev Chg Q | 24.8% |
| QoQ Delta Rev Chg LTM | 0.1% |
| Op Inc Chg LTM | 15.8% |
| Op Inc Chg 3Y Avg | -0.8% |
| Op Mgn LTM | 3.1% |
| Op Mgn 3Y Avg | 2.9% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 0.7% |
| CFO/Rev 3Y Avg | 3.1% |
| FCF/Rev LTM | -5.5% |
| FCF/Rev 3Y Avg | -1.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.3 |
| P/S | 2.0 |
| P/Op Inc | 4.3 |
| P/EBIT | 4.6 |
| P/E | -7.1 |
| P/CFO | 5.3 |
| Total Yield | -4.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 1.6% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.2% |
| 3M Rtn | 13.3% |
| 6M Rtn | -4.4% |
| 12M Rtn | 60.5% |
| 3Y Rtn | 14.2% |
| 1M Excs Rtn | -7.2% |
| 3M Excs Rtn | 5.4% |
| 6M Excs Rtn | -15.6% |
| 12M Excs Rtn | 29.8% |
| 3Y Excs Rtn | -69.1% |
Price Behavior
Price Behavior
| Market Price | $13.97 | |
| Market Cap ($ Bil) | 1.6 | |
| First Trading Date | 09/29/2017 | |
| Distance from 52W High | -5.2% | |
| 50 Days | 200 Days | |
| DMA Price | $12.89 | $10.22 |
| DMA Trend | up | up |
| Distance from DMA | 8.4% | 36.7% |
| 3M | 1YR | |
| Volatility | 32.9% | 34.0% |
| Downside Capture | -0.09 | 0.35 |
| Upside Capture | 99.22 | 132.76 |
| Correlation (SPY) | 21.7% | 31.3% |
ECVT Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.35 | 0.30 | 0.45 | 0.85 | 0.88 | 1.11 |
| Up Beta | -0.37 | -0.42 | -0.16 | 0.32 | 0.65 | 0.98 |
| Down Beta | 1.82 | 0.83 | 1.21 | 1.30 | 0.89 | 1.31 |
| Up Capture | 35% | 111% | 105% | 172% | 168% | 106% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 11 | 25 | 37 | 72 | 137 | 381 |
| Down Capture | -355% | -22% | -14% | 32% | 61% | 105% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 9 | 16 | 25 | 48 | 105 | 353 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ECVT | |
|---|---|---|---|---|
| ECVT | 98.6% | 33.8% | 2.09 | - |
| Sector ETF (XLB) | 25.4% | 16.7% | 1.18 | 47.4% |
| Equity (SPY) | 29.6% | 12.5% | 1.86 | 32.5% |
| Gold (GLD) | 37.0% | 27.1% | 1.14 | 2.6% |
| Commodities (DBC) | 48.7% | 18.0% | 2.12 | 4.0% |
| Real Estate (VNQ) | 12.9% | 13.5% | 0.65 | 18.5% |
| Bitcoin (BTCUSD) | -16.3% | 42.1% | -0.31 | 24.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ECVT | |
|---|---|---|---|---|
| ECVT | 3.4% | 39.2% | 0.19 | - |
| Sector ETF (XLB) | 6.5% | 18.9% | 0.24 | 50.2% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 43.6% |
| Gold (GLD) | 21.1% | 17.9% | 0.96 | 8.4% |
| Commodities (DBC) | 14.1% | 19.1% | 0.60 | 17.8% |
| Real Estate (VNQ) | 3.3% | 18.8% | 0.08 | 33.9% |
| Bitcoin (BTCUSD) | 7.0% | 56.0% | 0.34 | 16.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ECVT | |
|---|---|---|---|---|
| ECVT | 0.9% | 39.8% | 0.15 | - |
| Sector ETF (XLB) | 10.3% | 20.6% | 0.44 | 58.4% |
| Equity (SPY) | 15.0% | 17.9% | 0.72 | 51.1% |
| Gold (GLD) | 13.5% | 16.0% | 0.70 | 5.3% |
| Commodities (DBC) | 9.4% | 17.8% | 0.44 | 23.6% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 40.6% |
| Bitcoin (BTCUSD) | 68.2% | 66.9% | 1.07 | 15.2% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/26/2026 | 1.1% | 1.6% | 14.8% |
| 11/4/2025 | -5.2% | 3.7% | 3.1% |
| 8/7/2025 | -2.3% | 7.0% | 7.3% |
| 2/27/2025 | -14.4% | -16.0% | -19.3% |
| 10/31/2024 | 4.6% | 29.5% | 24.8% |
| 8/1/2024 | -16.6% | -31.9% | -25.1% |
| 2/28/2024 | -2.0% | -7.7% | 13.0% |
| 11/2/2023 | -0.4% | -0.1% | 9.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 10 | 11 |
| # Negative | 13 | 9 | 8 |
| Median Positive | 2.6% | 4.0% | 9.0% |
| Median Negative | -3.5% | -7.7% | -13.2% |
| Max Positive | 7.0% | 29.5% | 24.8% |
| Max Negative | -16.6% | -31.9% | -25.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/01/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 860.00 Mil | 900.00 Mil | 940.00 Mil | 25.0% | Higher New | Actual: 720.00 Mil for 2025 | |
| 2026 Adjusted EBITDA | 175.00 Mil | 185.00 Mil | 195.00 Mil | 8.8% | Higher New | Actual: 170.00 Mil for 2025 | |
| 2026 Adjusted Free Cash Flow | 35.00 Mil | 45.00 Mil | 55.00 Mil | -43.8% | Lower New | Actual: 80.00 Mil for 2025 | |
| 2026 Capital Expenditures | 80.00 Mil | 85.00 Mil | 90.00 Mil | 30.8% | Higher New | Actual: 65.00 Mil for 2025 | |
| 2026 Interest Expense | 18.00 Mil | 20.00 Mil | 22.00 Mil | -39.4% | Lower New | Actual: 33.00 Mil for 2025 | |
| 2026 Depreciation & Amortization | 78.00 Mil | 80.00 Mil | 82.00 Mil | 3.2% | Higher New | Actual: 77.50 Mil for 2025 | |
| 2026 Adjusted Net Income | 55.00 Mil | 65.00 Mil | 75.00 Mil | ||||
| 2026 Adjusted Diluted Income per share | 0.45 | 0.55 | 0.65 | ||||
Prior: Q3 2025 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Sales of Ecoservices | 700.00 Mil | 720.00 Mil | 740.00 Mil | -11.7% | Lowered | Guidance: 815.00 Mil for 2025 | |
| 2025 Adjusted EBITDA from continuing operations | 170.00 Mil | -31.5% | Lowered | Guidance: 248.00 Mil for 2025 | |||
| 2025 Adjusted EBITDA of Ecoservices | 200.00 Mil | Higher New | |||||
| 2025 Adjusted Free Cash Flow | 75.00 Mil | 80.00 Mil | 85.00 Mil | 6.7% | Raised | Guidance: 75.00 Mil for 2025 | |
| 2025 Capital expenditures of Ecoservices | 60.00 Mil | 65.00 Mil | 70.00 Mil | -23.5% | Lowered | Guidance: 85.00 Mil for 2025 | |
| 2025 Interest expense | 32.00 Mil | 33.00 Mil | 34.00 Mil | -31.2% | Lowered | Guidance: 48.00 Mil for 2025 | |
| 2025 Depreciation & Amortization | 75.00 Mil | 77.50 Mil | 80.00 Mil | Higher New | |||
| 2025 Effective tax rate | 25.0% | Higher New | |||||
| Q4 2025 Stock Repurchases | 20.00 Mil | Higher New | |||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ward, Susan F | Direct | Sell | 11102025 | 8.40 | 15,000 | 126,018 | 657,486 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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