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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and Ingevity Corp (NGVT). Click either name above to swap in a different company.

Ingevity Corp is the larger business by last-quarter revenue ($185.4M vs $183.6M, roughly 1.0× ACV Auctions Inc.). On growth, Ingevity Corp posted the faster year-over-year revenue change (36.7% vs 15.1%). Ingevity Corp produced more free cash flow last quarter ($73.5M vs $-14.7M). Over the past eight quarters, ACV Auctions Inc.'s revenue compounded faster (12.3% CAGR vs -26.2%).

ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.

Ingevity Corp is a global specialty chemicals and advanced materials manufacturer. It produces high-performance carbon materials, pavement preservation solutions, and specialty chemicals, serving automotive emissions control, industrial purification, road infrastructure, and agricultural input markets across North America, Europe, and Asia Pacific.

ACVA vs NGVT — Head-to-Head

Bigger by revenue
NGVT
NGVT
1.0× larger
NGVT
$185.4M
$183.6M
ACVA
Growing faster (revenue YoY)
NGVT
NGVT
+21.6% gap
NGVT
36.7%
15.1%
ACVA
More free cash flow
NGVT
NGVT
$88.2M more FCF
NGVT
$73.5M
$-14.7M
ACVA
Faster 2-yr revenue CAGR
ACVA
ACVA
Annualised
ACVA
12.3%
-26.2%
NGVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACVA
ACVA
NGVT
NGVT
Revenue
$183.6M
$185.4M
Net Profit
$-84.6M
Gross Margin
41.2%
Operating Margin
-9.7%
-47.7%
Net Margin
-45.6%
Revenue YoY
15.1%
36.7%
Net Profit YoY
-609.6%
EPS (diluted)
$-0.12
$-2.33

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACVA
ACVA
NGVT
NGVT
Q4 25
$183.6M
$185.4M
Q3 25
$199.6M
$333.1M
Q2 25
$193.7M
$365.1M
Q1 25
$182.7M
$284.0M
Q4 24
$159.5M
$135.6M
Q3 24
$171.3M
$333.8M
Q2 24
$160.6M
$390.6M
Q1 24
$145.7M
$340.1M
Net Profit
ACVA
ACVA
NGVT
NGVT
Q4 25
$-84.6M
Q3 25
$-24.5M
$43.5M
Q2 25
$-7.3M
$-146.5M
Q1 25
$-14.8M
$20.5M
Q4 24
$16.6M
Q3 24
$-16.0M
$-107.2M
Q2 24
$-17.1M
$-283.7M
Q1 24
$-20.5M
$-56.0M
Gross Margin
ACVA
ACVA
NGVT
NGVT
Q4 25
41.2%
Q3 25
40.2%
Q2 25
37.8%
Q1 25
39.9%
Q4 24
81.3%
Q3 24
39.4%
Q2 24
31.5%
Q1 24
29.3%
Operating Margin
ACVA
ACVA
NGVT
NGVT
Q4 25
-9.7%
-47.7%
Q3 25
-11.9%
18.7%
Q2 25
-3.7%
-39.1%
Q1 25
-7.9%
9.4%
Q4 24
-16.2%
Q3 24
-10.0%
33.0%
Q2 24
-11.6%
25.9%
Q1 24
-15.5%
22.6%
Net Margin
ACVA
ACVA
NGVT
NGVT
Q4 25
-45.6%
Q3 25
-12.3%
13.1%
Q2 25
-3.8%
-40.1%
Q1 25
-8.1%
7.2%
Q4 24
12.2%
Q3 24
-9.4%
-32.1%
Q2 24
-10.6%
-72.6%
Q1 24
-14.1%
-16.5%
EPS (diluted)
ACVA
ACVA
NGVT
NGVT
Q4 25
$-0.12
$-2.33
Q3 25
$-0.14
$1.18
Q2 25
$-0.04
$-4.02
Q1 25
$-0.09
$0.56
Q4 24
$-0.15
$0.44
Q3 24
$-0.10
$-2.94
Q2 24
$-0.10
$-7.81
Q1 24
$-0.13
$-1.54

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACVA
ACVA
NGVT
NGVT
Cash + ST InvestmentsLiquidity on hand
$271.5M
$78.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$429.7M
$29.7M
Total Assets
$1.1B
$1.7B
Debt / EquityLower = less leverage
39.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACVA
ACVA
NGVT
NGVT
Q4 25
$271.5M
$78.1M
Q3 25
$265.3M
$83.4M
Q2 25
$258.4M
$76.9M
Q1 25
$291.9M
$71.5M
Q4 24
$224.1M
$68.0M
Q3 24
$252.5M
$135.5M
Q2 24
$215.0M
$107.4M
Q1 24
$209.8M
$88.5M
Total Debt
ACVA
ACVA
NGVT
NGVT
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
ACVA
ACVA
NGVT
NGVT
Q4 25
$429.7M
$29.7M
Q3 25
$434.4M
$138.1M
Q2 25
$448.8M
$120.7M
Q1 25
$439.6M
$234.6M
Q4 24
$440.0M
$195.2M
Q3 24
$456.2M
$214.5M
Q2 24
$457.6M
$284.8M
Q1 24
$458.3M
$568.2M
Total Assets
ACVA
ACVA
NGVT
NGVT
Q4 25
$1.1B
$1.7B
Q3 25
$1.2B
$1.8B
Q2 25
$1.1B
$1.9B
Q1 25
$1.2B
$2.1B
Q4 24
$984.1M
$2.0B
Q3 24
$1.0B
$2.2B
Q2 24
$1.0B
$2.3B
Q1 24
$1.0B
$2.6B
Debt / Equity
ACVA
ACVA
NGVT
NGVT
Q4 25
39.10×
Q3 25
8.39×
Q2 25
10.24×
Q1 25
5.68×
Q4 24
6.86×
Q3 24
6.52×
Q2 24
4.92×
Q1 24
2.48×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACVA
ACVA
NGVT
NGVT
Operating Cash FlowLast quarter
$-12.4M
$97.1M
Free Cash FlowOCF − Capex
$-14.7M
$73.5M
FCF MarginFCF / Revenue
-8.0%
39.6%
Capex IntensityCapex / Revenue
1.2%
12.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$69.1M
$273.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACVA
ACVA
NGVT
NGVT
Q4 25
$-12.4M
$97.1M
Q3 25
$10.3M
$129.7M
Q2 25
$13.7M
$79.0M
Q1 25
$66.6M
$25.4M
Q4 24
$-3.2M
$64.5M
Q3 24
$21.1M
$46.5M
Q2 24
$4.5M
$29.7M
Q1 24
$43.0M
$-12.1M
Free Cash Flow
ACVA
ACVA
NGVT
NGVT
Q4 25
$-14.7M
$73.5M
Q3 25
$7.7M
$117.8M
Q2 25
$10.9M
$66.8M
Q1 25
$65.3M
$15.4M
Q4 24
$-3.9M
$39.6M
Q3 24
$20.2M
$28.5M
Q2 24
$2.7M
$11.6M
Q1 24
$41.9M
$-28.7M
FCF Margin
ACVA
ACVA
NGVT
NGVT
Q4 25
-8.0%
39.6%
Q3 25
3.8%
35.4%
Q2 25
5.6%
18.3%
Q1 25
35.7%
5.4%
Q4 24
-2.5%
29.2%
Q3 24
11.8%
8.5%
Q2 24
1.7%
3.0%
Q1 24
28.8%
-8.4%
Capex Intensity
ACVA
ACVA
NGVT
NGVT
Q4 25
1.2%
12.7%
Q3 25
1.3%
3.6%
Q2 25
1.5%
3.3%
Q1 25
0.7%
3.5%
Q4 24
0.4%
18.4%
Q3 24
0.6%
5.4%
Q2 24
1.1%
4.6%
Q1 24
0.7%
4.9%
Cash Conversion
ACVA
ACVA
NGVT
NGVT
Q4 25
Q3 25
2.98×
Q2 25
Q1 25
1.24×
Q4 24
3.89×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACVA
ACVA

Auction Marketplace Revenue$77.6M42%
Other Marketplace Revenue$72.4M39%
Customer Assurance$24.1M13%
Data Services Revenue$9.4M5%

NGVT
NGVT

Performance Materials$151.2M82%
Advanced Polymer Technologies Segment$36.5M20%

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