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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and Ingevity Corp (NGVT). Click either name above to swap in a different company.

ALLIANCE ENTERTAINMENT HOLDING CORP is the larger business by last-quarter revenue ($368.7M vs $185.4M, roughly 2.0× Ingevity Corp). ALLIANCE ENTERTAINMENT HOLDING CORP runs the higher net margin — 2.5% vs -45.6%, a 48.2% gap on every dollar of revenue. On growth, Ingevity Corp posted the faster year-over-year revenue change (36.7% vs -6.3%). Ingevity Corp produced more free cash flow last quarter ($73.5M vs $-16.9M). Over the past eight quarters, ALLIANCE ENTERTAINMENT HOLDING CORP's revenue compounded faster (32.1% CAGR vs -26.2%).

Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.

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.

AENT vs NGVT — Head-to-Head

Bigger by revenue
AENT
AENT
2.0× larger
AENT
$368.7M
$185.4M
NGVT
Growing faster (revenue YoY)
NGVT
NGVT
+43.1% gap
NGVT
36.7%
-6.3%
AENT
Higher net margin
AENT
AENT
48.2% more per $
AENT
2.5%
-45.6%
NGVT
More free cash flow
NGVT
NGVT
$90.4M more FCF
NGVT
$73.5M
$-16.9M
AENT
Faster 2-yr revenue CAGR
AENT
AENT
Annualised
AENT
32.1%
-26.2%
NGVT

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AENT
AENT
NGVT
NGVT
Revenue
$368.7M
$185.4M
Net Profit
$9.4M
$-84.6M
Gross Margin
41.2%
Operating Margin
4.7%
-47.7%
Net Margin
2.5%
-45.6%
Revenue YoY
-6.3%
36.7%
Net Profit YoY
32.8%
-609.6%
EPS (diluted)
$0.18
$-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
AENT
AENT
NGVT
NGVT
Q4 25
$368.7M
$185.4M
Q3 25
$254.0M
$333.1M
Q2 25
$227.8M
$365.1M
Q1 25
$213.0M
$284.0M
Q4 24
$393.7M
$135.6M
Q3 24
$229.0M
$333.8M
Q2 24
$236.9M
$390.6M
Q1 24
$211.2M
$340.1M
Net Profit
AENT
AENT
NGVT
NGVT
Q4 25
$9.4M
$-84.6M
Q3 25
$4.9M
$43.5M
Q2 25
$5.8M
$-146.5M
Q1 25
$1.9M
$20.5M
Q4 24
$7.1M
$16.6M
Q3 24
$397.0K
$-107.2M
Q2 24
$2.5M
$-283.7M
Q1 24
$-3.4M
$-56.0M
Gross Margin
AENT
AENT
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
AENT
AENT
NGVT
NGVT
Q4 25
4.7%
-47.7%
Q3 25
4.2%
18.7%
Q2 25
4.3%
-39.1%
Q1 25
1.7%
9.4%
Q4 24
3.8%
Q3 24
0.9%
33.0%
Q2 24
0.2%
25.9%
Q1 24
-0.3%
22.6%
Net Margin
AENT
AENT
NGVT
NGVT
Q4 25
2.5%
-45.6%
Q3 25
1.9%
13.1%
Q2 25
2.5%
-40.1%
Q1 25
0.9%
7.2%
Q4 24
1.8%
12.2%
Q3 24
0.2%
-32.1%
Q2 24
1.1%
-72.6%
Q1 24
-1.6%
-16.5%
EPS (diluted)
AENT
AENT
NGVT
NGVT
Q4 25
$0.18
$-2.33
Q3 25
$0.10
$1.18
Q2 25
$0.11
$-4.02
Q1 25
$0.04
$0.56
Q4 24
$0.14
$0.44
Q3 24
$0.01
$-2.94
Q2 24
$0.05
$-7.81
Q1 24
$-0.07
$-1.54

Balance Sheet & Financial Strength

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

Metric
AENT
AENT
NGVT
NGVT
Cash + ST InvestmentsLiquidity on hand
$78.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$117.6M
$29.7M
Total Assets
$434.1M
$1.7B
Debt / EquityLower = less leverage
39.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AENT
AENT
NGVT
NGVT
Q4 25
$78.1M
Q3 25
$83.4M
Q2 25
$76.9M
Q1 25
$71.5M
Q4 24
$68.0M
Q3 24
$4.3M
$135.5M
Q2 24
$1.1M
$107.4M
Q1 24
$1.6M
$88.5M
Total Debt
AENT
AENT
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
AENT
AENT
NGVT
NGVT
Q4 25
$117.6M
$29.7M
Q3 25
$108.1M
$138.1M
Q2 25
$103.2M
$120.7M
Q1 25
$97.4M
$234.6M
Q4 24
$95.6M
$195.2M
Q3 24
$88.0M
$214.5M
Q2 24
$87.6M
$284.8M
Q1 24
$85.1M
$568.2M
Total Assets
AENT
AENT
NGVT
NGVT
Q4 25
$434.1M
$1.7B
Q3 25
$383.0M
$1.8B
Q2 25
$361.2M
$1.9B
Q1 25
$349.4M
$2.1B
Q4 24
$401.7M
$2.0B
Q3 24
$395.7M
$2.2B
Q2 24
$340.8M
$2.3B
Q1 24
$324.0M
$2.6B
Debt / Equity
AENT
AENT
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
AENT
AENT
NGVT
NGVT
Operating Cash FlowLast quarter
$-16.5M
$97.1M
Free Cash FlowOCF − Capex
$-16.9M
$73.5M
FCF MarginFCF / Revenue
-4.6%
39.6%
Capex IntensityCapex / Revenue
0.1%
12.7%
Cash ConversionOCF / Net Profit
-1.76×
TTM Free Cash FlowTrailing 4 quarters
$-1.4M
$273.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AENT
AENT
NGVT
NGVT
Q4 25
$-16.5M
$97.1M
Q3 25
$2.7M
$129.7M
Q2 25
$10.7M
$79.0M
Q1 25
$2.5M
$25.4M
Q4 24
$25.3M
$64.5M
Q3 24
$-11.6M
$46.5M
Q2 24
$9.7M
$29.7M
Q1 24
$20.0M
$-12.1M
Free Cash Flow
AENT
AENT
NGVT
NGVT
Q4 25
$-16.9M
$73.5M
Q3 25
$2.4M
$117.8M
Q2 25
$10.7M
$66.8M
Q1 25
$2.4M
$15.4M
Q4 24
$39.6M
Q3 24
$-11.6M
$28.5M
Q2 24
$11.6M
Q1 24
$20.0M
$-28.7M
FCF Margin
AENT
AENT
NGVT
NGVT
Q4 25
-4.6%
39.6%
Q3 25
0.9%
35.4%
Q2 25
4.7%
18.3%
Q1 25
1.1%
5.4%
Q4 24
29.2%
Q3 24
-5.1%
8.5%
Q2 24
3.0%
Q1 24
9.4%
-8.4%
Capex Intensity
AENT
AENT
NGVT
NGVT
Q4 25
0.1%
12.7%
Q3 25
0.1%
3.6%
Q2 25
0.0%
3.3%
Q1 25
0.0%
3.5%
Q4 24
0.0%
18.4%
Q3 24
0.0%
5.4%
Q2 24
4.6%
Q1 24
0.0%
4.9%
Cash Conversion
AENT
AENT
NGVT
NGVT
Q4 25
-1.76×
Q3 25
0.56×
2.98×
Q2 25
1.86×
Q1 25
1.33×
1.24×
Q4 24
3.57×
3.89×
Q3 24
-29.31×
Q2 24
3.85×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AENT
AENT

Segment breakdown not available.

NGVT
NGVT

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

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