Ecovyst Inc. Common Stock (ECVT)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Ecovyst is a specialty chemicals business with a long history, but the filed numbers show a cyclical, uneven enterprise. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $250.0M and net income $7.9M. That followed fiscal Q1 2026 revenue of $215.0M and net income of $4.3M, and fiscal Q4 2025 revenue of $199.4M and net income of $5.7M. Yet fiscal Q3 2025 produced revenue of $204.9M and a net loss of $79.3M, and full-year fiscal 2025 revenue was $723.5M with a net loss of $71.1M. Fiscal 2024, the year ended 2024-12-31, also lost $6.7M, while fiscal 2023, the year ended 2023-12-31, earned $71.2M. That pattern explains the Lynch turnaround label: a loss in the latest filed year after earlier profits. Recent quarters are encouraging, but they do not yet prove a durable moat. The business offers sulfuric acid products and end-to-end logistics for refinery, mining, water treatment, and industrial uses, but the numbers still show volatile profits. Financial health is mixed: trailing free cash flow is $72.2M, a 6.5% FCF yield, but debt-to-equity is 0.93, Altman Z is 0.90, ROE is 4.04%, and ROCE is 3.67%, all signs of thin profitability and leverage. At the 2026-10-13 close of $10.08, FairStock's P/E is 43.83, P/B is 1.88, and Graham Number is $5.27, leaving a -91.27% margin of safety. EV/EBITDA of 9.84 and PEG of 0.37 offer a counterpoint if the recovery is real. I would want several more profitable quarters and lower leverage before treating this as a classic value opportunity.

In plain English: Ecovyst makes sulfuric acid and related products for refineries, mining, water treatment, and industry. It has shown recent quarterly profits, but it lost money in fiscal 2025, so results are uneven. At $10.08, the price looks high compared with its recent profits and net assets, even though cash flow is positive.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer