Ecovyst Inc. (ECVT) intrinsic value & 10-year financials

Ecovyst Inc. (ECVT) has a Graham intrinsic value of $0.05 per share. At $10.28 on Oct 17, 2026, the stock trades 20460% above that value. Over the last 10 fiscal years revenue shrank 4.2% a year to $723.5M, with an average return on invested capital of 3.3%.

Graham intrinsic value
$0.05
Share price (Oct 17, 2026)
$10.28
Price vs Graham value
20460% above
Market cap
$1.2B
Revenue (FY2025)
$723.5M
Revenue growth (10-yr CAGR)
-4.2%
ROIC (10-yr avg)
3.3%
Free cash flow (FY2025)
$69.9M

ECVT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $723.5M -$71.1M -$0.61 $69.9M 9.0% 5.7%
FY2024 $704.5M -$6.7M -$0.06 $80.9M 13.9% 6.7%
FY2023 $691.1M $71.2M $0.60 $72.3M 14.0% 5.6%
FY2022 $820.2M $73.7M $0.55 $127.7M 12.7% 5.2%
FY2021 $611.2M -$139.9M -$1.02 $69.9M 8.9% 2.7%
FY2020 $1.1B -$278.8M -$2.06 $126.5M -14.7% -4.5%
FY2019 $1.6B $79.5M $0.59 $140.1M 12.0% 3.4%
FY2018 $1.6B $58.3M $0.43 $117.0M 11.4% 3.3%
FY2017 $1.5B $57.6M $0.52 -$24.4M 11.4% 2.3%
FY2016 $1.1B -$79.7M -$1.02 -$1.7M 7.9% 2.4%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Ecovyst Inc. is facing top-line stagnation, with revenue contracting over the decade.

Ecovyst Inc. has historically struggled to out-earn its cost of capital, averaging just 3.3% ROIC.

Ecovyst Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Ecovyst Inc. is modeled at -4.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.05 per share.

ECVT stock: frequently asked questions

What is the intrinsic value of Ecovyst Inc. (ECVT) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -4.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ECVT's intrinsic value is about $0.05 per share.

Is ECVT stock undervalued?

At $10.28 (close on Oct 17, 2026), ECVT trades 20460% above its Graham value of $0.05. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Ecovyst Inc. grown?

Revenue went from $1.1B in fiscal 2016 to $723.5M in fiscal 2025, a compound annual growth rate of -4.2%. Net income was -$71.1M in fiscal 2025.

Does Ecovyst Inc. generate free cash flow?

Ecovyst Inc. generated $69.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 8 of the last 10 reported years.

What is ECVT's return on invested capital?

Average ROIC over the last 10 fiscal years was 3.3%, and average return on equity was -1.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ECVT data come from?

From Ecovyst Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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