Ingevity Corporation (NGVT) Stock

Ingevity Corporation (NGVT) is a Materials stock trading at $70.25 (as of 2026-08-21), with a market capitalization of $2.42B and a trailing P/E of 12.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Ingevity Corporation manufactures and sells specialty chemicals and activated carbon products, operating in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. It operates through Performance Materials and Performance Chemicals, serving uses including gasoline vapor emission control, food and water purification, paving technologies, and oil well service additives and oil production.

Understand Ingevity Corporation: how it makes money

Ingevity manufactures and sells specialty chemicals and activated carbon materials, with Performance Materials supplying products used in gasoline vapor emission control systems for cars, motorcycles, trucks, and boats, and it earns money primarily through product sales.

The profit engine is segment-level operating profitability, with Performance Materials (activated carbon products used in gasoline vapor emission control) contributing more Segment EBITDA than Performance Chemicals.

Revenue by segment (latest quarter)
Perf Mat$0.1B
Perf Chem$0.2B

Business quality (Weak): Ingevity is a specialty chemicals and activated carbon business run through two segments, and its reported profitability is reflected in Segment EBITDA, with Performance Materials showing higher segment EBITDA than Performance Chemicals in the latest-quarter data (gross margin 45.1%, operating margin 11.7%).

Bull case

  • Two focused operating segments: The company operates through Performance Materials and Performance Chemicals, which helps investors track profitability by business line using Segment EBITDA.
  • Activated carbon tied to specific end uses: Performance Materials engineers, manufactures, and sells activated carbon products used in gasoline vapor emission control systems for multiple vehicle types and boats.

Bear case

  • Performance Materials appears to dominate operating profit: Based on the latest-quarter operating data, Segment EBITDA from Performance Materials (0.09 USD_B) is larger than Segment EBITDA from Performance Chemicals (0.03 USD_B), so results may be more sensitive to Performance Materials conditions.
  • Demand linked to gasoline vapor emission control applications: Because Performance Materials products are used in gasoline vapor emission control systems, changes in vehicle or related market demand could affect volumes and earnings.
Valuation — source: SEC EDGAR (first-party)
Price$70.25
Market Cap$2.42B
P/E Ratio12.2
EV / EBITDA7.2
Price / Book51.49
Price / Sales2.08
FCF Yield5.8%
DCF Value (model)$128.57
DCF Upside vs Price83.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.17B
Net Margin-14.3%
Revenue Growth (YoY)-17.0%
EPS Growth (YoY)-61.1%
FCF Growth (YoY)436.3%
Financial Health — source: SEC EDGAR
Altman Z-Score2.89 (grey)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E12.2
Sector P/E (Materials)25.9
Industry P/E (Chemicals)31.1
vs Sector-53.0%
vs Industry-60.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($377.36M)
Institutional Holders Tracked10
Company
SectorMaterials
IndustryChemicals
CEODavid H. Li
Employees1,600
CountryUS
IPO Date2016-05-03

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

  • Solstice Advanced Materials Inc. (SOLS)
  • Balchem Corporation (BCPC)
  • Perimeter Solutions, S.A. (PRM)
  • The Chemours Company (CC)
  • Innospec Inc. (IOSP)
  • Huntsman Corporation (HUN)
  • FMC Corporation (FMC)
  • Ecovyst Inc. (ECVT)
NGVT earnings history · NGVT institutional & insider holders · NGVT KPIs & operating metrics · NGVT financials · NGVT investor presentations & press releases · NGVT SEC filings · NGVT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.